<SEC-DOCUMENT>0000950103-18-002409.txt : 20180226
<SEC-HEADER>0000950103-18-002409.hdr.sgml : 20180226
<ACCEPTANCE-DATETIME>20180226115619
ACCESSION NUMBER:		0000950103-18-002409
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		11
CONFORMED PERIOD OF REPORT:	20180224
ITEM INFORMATION:		Entry into a Material Definitive Agreement
ITEM INFORMATION:		Material Modifications to Rights of Security Holders
ITEM INFORMATION:		Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
ITEM INFORMATION:		Regulation FD Disclosure
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20180226
DATE AS OF CHANGE:		20180226

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			HRG GROUP, INC.
		CENTRAL INDEX KEY:			0000109177
		STANDARD INDUSTRIAL CLASSIFICATION:	MISCELLANEOUS ELECTRICAL MACHINERY, EQUIPMENT & SUPPLIES [3690]
		IRS NUMBER:				741339132
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0930

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-04219
		FILM NUMBER:		18639446

	BUSINESS ADDRESS:	
		STREET 1:		450 PARK AVENUE
		STREET 2:		29TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022
		BUSINESS PHONE:		212-906-8548

	MAIL ADDRESS:	
		STREET 1:		450 PARK AVENUE
		STREET 2:		29TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	HARBINGER GROUP INC.
		DATE OF NAME CHANGE:	20091224

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ZAPATA CORP
		DATE OF NAME CHANGE:	19920703

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ZAPATA NORNESS INC
		DATE OF NAME CHANGE:	19720314
</SEC-HEADER>
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<TYPE>8-K
<SEQUENCE>1
<FILENAME>dp87180_8k.htm
<DESCRIPTION>FORM 8-K
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<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION<BR>
WASHINGTON, DC 20549</B></P>

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

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

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

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>CURRENT REPORT<BR>
Pursuant to Section 13 or 15(d)</B></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>of The Securities Exchange Act of 1934</B></P>

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

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    <TD COLSPAN="3" STYLE="font-size: 10pt; text-align: center">Date of report (Date of earliest event reported): <B>&nbsp;February 26, 2018 (February 24, 2018)</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="font-size: 10pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="font-size: 10pt; text-align: center"><FONT STYLE="font-size: 14pt"><B>HRG Group, Inc.</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt">(Exact Name of Registrant as Specified in its Charter)</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="font-size: 10pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 32%; font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 35%; font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 33%; font-size: 10pt; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="font-size: 10pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt; text-align: center"><B>Delaware</B></TD>
    <TD STYLE="font-size: 10pt; text-align: center"><B>1-4219</B></TD>
    <TD STYLE="font-size: 10pt; text-align: center"><B>74-1339132</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt">(State of Incorporation)</FONT></TD>
    <TD>
        <P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Commission</P>
        <P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>
        <P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">File No.)</P>
        <P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P></TD>
    <TD>
        <P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(I.R.S. Employer</P>
        <P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>
        <P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Identification No.)</P>
        <P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="font-size: 10pt; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>450 Park Avenue, 29th Floor, </B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>New York, NY</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P></TD>
    <TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center"><B>10022</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt">(Address of Principal Executive Offices)</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt">(Zip Code)</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="font-size: 10pt; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="font-size: 10pt; text-align: center"><B>(212) 906-8555</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt">(Registrant&rsquo;s Telephone Number, Including Area Code)</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="font-size: 10pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="font-size: 10pt; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt">(Former Name or Former Address, if Changed Since Last Report)</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="font-size: 10pt; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3">
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">Check the appropriate box below if the
Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</P>

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<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Wingdings">&yacute;</FONT></TD><TD>Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</TD></TR></TABLE>

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<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Wingdings; font-size: 11pt">&uml;</FONT></TD><TD>Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</TD></TR></TABLE>

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

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<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Wingdings; font-size: 11pt">&uml;</FONT></TD><TD>Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</TD></TR></TABLE>

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

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<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Wingdings; font-size: 11pt">&uml;</FONT></TD><TD>Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Indicate by check mark whether the registrant
is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (&sect;232.405 of this chapter) or Rule&nbsp;12b-2
of the Securities Exchange Act of 1934 (&sect;240.12b-2 of this chapter).</P>

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

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    <TD STYLE="width: 5%; text-align: justify; text-indent: 27.35pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#65279;</FONT></TD>
    <TD STYLE="width: 32%; text-align: justify"><FONT STYLE="font-size: 10pt">Emerging growth company</FONT></TD>
    <TD STYLE="width: 3%; text-align: justify; text-indent: 27.35pt">&nbsp;</TD>
    <TD STYLE="width: 8%; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9744;</FONT></TD>
    <TD STYLE="width: 3%; text-align: justify; text-indent: 27.35pt">&nbsp;</TD>
    <TD STYLE="width: 3%; text-align: justify; text-indent: 27.35pt">&nbsp;</TD>
    <TD STYLE="width: 46%; text-align: justify; text-indent: 27.35pt">&nbsp;</TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">If an emerging growth company, indicate
by checkmark if the registrant has elected not to use the extended transition period for complying with any new or revised financial
accounting standards provided pursuant to Section 13(a) of the Exchange Act. <FONT STYLE="font-family: Times New Roman, Times, Serif">&#9744;</FONT></P>

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

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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">Item 1.01. Entry into a Material Definitive Agreement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><U>Agreement and Plan of Merger</U></B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">On February 24, 2018,
HRG Group, Inc., a Delaware corporation (&ldquo;<U>HRG</U>&rdquo;), entered into an Agreement and Plan of Merger (the &ldquo;<U>Merger
Agreement</U>&rdquo;) with Spectrum Brands Holdings, Inc., a Delaware corporation (&ldquo;<U>Spectrum</U>&rdquo;), HRG SPV Sub
I, Inc., a Delaware corporation and direct wholly owned subsidiary of HRG (&ldquo;<U>Merger Sub 1</U>&rdquo;), and HRG SPV Sub
II, LLC, a Delaware limited liability company and a direct wholly owned subsidiary of HRG (&ldquo;<U>Merger Sub 2</U>&rdquo;, and
together with Merger Sub 1, &ldquo;<U>Merger Sub</U>&rdquo;).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">With the execution
of the Merger Agreement, HRG completes its previously announced strategic review process, and will continue to focus on the simplification
of its structure and elimination of overhead costs between signing and closing of the transaction contemplated by the Merger Agreement.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Merger Agreement
provides that, subject to the terms and conditions thereof, Merger Sub 1 will merge with and into Spectrum (the &ldquo;<U>First
Merger</U>&rdquo;, and if the Second Merger Opt-Out Condition has occurred, the &ldquo;<U>Merger</U>&rdquo;), with Spectrum continuing
as the surviving corporation (the &ldquo;<U>Surviving Corporation</U>&rdquo;) and a wholly owned subsidiary of HRG. Following the
effective time of the First Merger (the &ldquo;<U>Effective Time</U>&rdquo;) but only if Spectrum or HRG (or both) does not receive
and provide to the other, on the closing date but prior to the Effective Time, a tax opinion to the effect that, assuming the Second
Merger does not occur, the Merger will qualify as a &ldquo;reorganization&rdquo; within the meaning of Section 368(a) of the Internal
Revenue Code (the &ldquo;<U>Second Merger Opt-Out Condition</U>&rdquo;), the Surviving Corporation will merge with and into Merger
Sub 2 (the &ldquo;<U>Second Merger</U>&rdquo;, and if the Second Merger Op-Out Condition has not occurred, the &ldquo;<U>Merger</U>&rdquo;),
with Merger Sub 2 surviving as a wholly owned subsidiary of HRG.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Immediately prior
to the Effective Time, the certificate of incorporation of HRG will be amended and restated (the &ldquo;<U>Amended HRG
Charter</U>&rdquo;, a form of which is attached as an exhibit to the Merger Agreement, a copy of which is filed herewith as
Exhibit 2.1), pursuant to which, among other things, the corporate name of HRG will change to &ldquo;Spectrum Brands
Holdings, Inc.&rdquo;, and each issued and outstanding share of common stock, par value $0.01 per share, of HRG
(&ldquo;<U>HRG Common Stock</U>&rdquo;) will, by means of a reverse stock split (the &ldquo;<U>Reverse Split</U>&rdquo;), be
combined into a fraction of a share of HRG Common Stock equal to (i) (a) the number of shares of common stock, par value
$0.01 per share, of Spectrum (&ldquo;<U>Spectrum Common Stock</U>&rdquo;) held by HRG and its subsidiaries as of immediately
prior to the Effective Time, <U>minus</U> (b) (1) the sum of (x) HRG&rsquo;s net indebtedness as of closing and certain
transaction expenses of HRG that are unpaid as of closing, <U>minus</U> (y) $200,000,000, <U>divided by</U> (2) the
volume-weighted average price of a share of Spectrum Common Stock for the 20-day trading period starting with the 21st
trading day prior to the closing date, <U>divided by</U> (ii) as of immediately prior to the Reverse Split, the sum of
(without duplication) (a) the aggregate number of issued and outstanding shares of HRG Common Stock, (b) (1) the aggregate
number of shares of HRG Common Stock subject to then-unexercised HRG stock options and warrants, <U>minus</U> (2) the
number of shares of HRG Common Stock having a then-aggregate value equal to the aggregate exercise price of such unexercised
HRG stock options and warrants, and (c) the number of shares of HRG Common Stock subject to HRG restricted stock awards,
vested in full in accordance with terms of the Merger Agreement (the &ldquo;<U>HRG Share Consolidation Ratio</U>&rdquo;). Assuming (i) the 20 trading day volume-weighted average price and shares outstanding of Spectrum Common Stock were to be determined
as of February 23, 2018 rather than at closing and (ii) $324.3 million of HRG net debt (inclusive of transaction expenses
and change of control payments) at closing, each HRG stockholder is expected to receive approximately 0.1637 of a share of
the post-merger combined company stock for each share of pre-merger HRG Common Stock that such stockholder owns. Pro
forma for the Reverse Split, the Merger and the adjustments described above, Leucadia National Corporation
(&ldquo;<U>Leucadia</U>&rdquo;) is expected to hold approximately 13% of the combined company and another 45% of the combined
company is expected to be widely held by HRG&rsquo;s legacy stockholders. Such ownership percentages assume approximately
$324 million of HRG&rsquo;s net debt at closing and are based on the number of shares outstanding and market prices as of
February 22, 2018 (but are subject to adjustment for HRG's actual amount of net debt, transaction costs and outstanding
shares at closing).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Amended HRG Charter
generally would retain restrictions, present in HRG&rsquo;s existing certificate of incorporation, on transfer to or by stockholders
of HRG who own or would own (or are or would be treated for this purpose as owning) 4.9% or more of the outstanding shares of HRG
Common Stock before or after such transfer. However, the Amended HRG Charter would except from those restrictions certain transfers
by (i) Leucadia and its</P>

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt; text-align: justify">affiliates
and stockholders and (ii) CF Turul LLC (&ldquo;<U>Fortress</U>&rdquo;) and its affiliates and ultimate owners. </P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">At the Effective Time,
by virtue of the Merger each share of Spectrum Common Stock issued and outstanding immediately prior to the Effective Time (other
than shares held in the treasury of Spectrum or owned or held, directly or indirectly, by HRG or any wholly owned subsidiary of
HRG or Spectrum, which shall be cancelled and no consideration will be paid with respect thereto) will be converted into the right
to receive one share of newly issued HRG Common Stock (the issuance of HRG Common Stock in the Merger, the &ldquo;<U>Share Issuance</U>&rdquo;).
No HRG Common Stock will be issued in the Merger in violation of the Amended HRG Charter, including if as a result of such issuance
a person would become a holder of more than 4.9% of &ldquo;Corporation Securities&rdquo; (as defined in the Amended HRG Charter).
Any shares of HRG Common Stock that would be issuable to a Spectrum stockholder but for the operation of the Merger Agreement and
the provisions of Article XIII of the Amended HRG Charter shall instead be treated as &ldquo;Excess Securities&rdquo; (as defined
in the Amended HRG Charter) and be delivered to one or more 501(c)(3) charitable organizations or escheated to the state of residence,
incorporation or formation (as applicable) of the relevant Spectrum stockholder.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">At the Effective Time,
pursuant to the Merger Agreement, each award of restricted stock, restricted stock units or performance stock units granted under
an equity plan of Spectrum, whether vested or unvested (collectively, the &ldquo;<U>Spectrum Equity Awards</U>&rdquo;), that is
outstanding immediately prior to the Effective Time, will be assumed by HRG and will be automatically converted, by virtue of
the Merger, into a corresponding equity-based award in HRG (each a &ldquo;<U>New HRG Equity Award</U>&rdquo;) with the right to
hold or acquire shares of HRG Common Stock equal to the number of shares of Spectrum Common Stock previously underlying such Spectrum
Equity Award. Each New HRG Equity Award generally will be subject to the same terms and conditions as the corresponding Spectrum
Equity Award. At the Effective Time, pursuant to the Merger Agreement, HRG will assume all rights and obligations in respect of
each equity-based plan of Spectrum.&nbsp;</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">At the Effective Time
of the Merger, (i) the board of directors of HRG will consist of Kenneth C. Ambrecht, Norman S. Matthews, David M. Maura, Terry
L. Polistina, Hugh R. Rovit, Andreas Rouv&eacute;, Joseph S. Steinberg and an individual (who must satisfy NYSE and certain other
independence requirements) to be designated by Leucadia, each to be a member of the class of the board of directors of HRG as
set forth in the Amended HRG Charter, (ii) the officers of Spectrum will become the officers of HRG, and (iii) the NYSE ticker
symbol for HRG Common Stock will be &ldquo;SPB&rdquo;.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>Governance and Other Matters</I></B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Prior to the closing
of the Merger, HRG shall take all action necessary (including obtaining all necessary director resignations) so that, as of the
Effective Time, (i) the board of directors of HRG will consist of Kenneth C. Ambrecht, Norman S. Matthews, David M. Maura, Terry
L. Polistina, Hugh R. Rovit, Andreas Rouv&eacute;, Joseph S. Steinberg and an individual (who must satisfy NYSE and certain other
independence requirements) to be designated by Leucadia, each to be a member of the class of the board of directors of HRG as set
forth in the Amended HRG Charter and (ii) the officers of Spectrum will become the officers of HRG. From and after the Effective
Time, the NYSE ticker symbol for HRG Common Stock will be &ldquo;SPB&rdquo;.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>Conditions to the Merger</I></B><BR>
<B><I>&nbsp;</I></B></P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The consummation of
the Merger, the filing of the Amended HRG Charter and the Share Issuance are subject to the satisfaction or waiver of certain closing
conditions, including, (i) the approval of Spectrum stockholders (including the approval of the holders of a majority of the Spectrum
Common Stock not held by HRG, its affiliates and the executive officers of Spectrum, and the approval required under Section 12
of Spectrum&rsquo;s certificate of incorporation in connection with a &ldquo;Going-Private Transaction&rdquo; (as defined therein)),
(ii) the approval of HRG&rsquo;s stockholders, (iii) the effectiveness of a registration statement on Form S-4 registering the
HRG Common Stock to be issued in the Merger, (iv) the approval of the shares of HRG Common Stock to be issued in the Merger for
listing on the NYSE, (v) the absence of any temporary restraining order, injunction or other judgment, order or decree issued by
any governmental entity or other legal restraint or prohibition preventing the consummation of the Merger, (vi) the receipt of
certain tax opinions by HRG and/or Spectrum that the Merger will qualify as a reorganization under the Internal Revenue Code, (vii)
the accuracy of certain representations and warranties of HRG, Merger Sub and Spectrum contained in the Merger Agreement and the
compliance by the parties with the covenants contained in the Merger Agreement (subject to customary materiality qualifiers), and
(viii) other conditions specified in the Merger Agreement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>Other Terms of the Merger Agreement</I></B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">HRG and Spectrum each
made certain representations, warranties and covenants in the Merger Agreement, including the pre-closing obligation of HRG to
conduct its businesses in the ordinary course (consistent with the simplification and ongoing wind-down of its businesses) and
the pre-closing obligation of each party to refrain from taking certain specified actions without the consent of the other party.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Merger Agreement
provides that, during the period from the date of the Merger Agreement until the earlier of the Effective Time or the termination
of the Merger Agreement, each of HRG and Spectrum will be subject to certain restrictions on its ability to solicit alternative
acquisition proposals from third parties, to provide non-public information to third parties and to engage in discussions with
third parties regarding alternative acquisition proposals, subject to certain exceptions. Subject to certain conditions, either
party&rsquo;s board of directors is permitted to change its recommendation to its stockholders in response to a &ldquo;Superior
Proposal&rdquo; (as defined in the Merger Agreement) or an &ldquo;Intervening Event&rdquo; (as defined in the Merger Agreement)
if it determines that the failure to so change its recommendation would be reasonably likely to be inconsistent with its fiduciary
duties to its stockholders</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Merger Agreement
also provides for certain termination rights for both HRG and Spectrum, including the right of either party to terminate the Merger
Agreement if the board of directors of the other party effects a change of recommendation. No termination fee is payable upon termination
of the Merger Agreement, including a termination in connection with a change of recommendation by either of the board of directors
of HRG or Spectrum. In addition to the foregoing termination rights, either party may terminate the Merger Agreement if the Merger
is not consummated on or before October 8, 2018, subject to certain exceptions.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">At or prior to the
closing of the Merger, HRG, Fortress and Leucadia will execute a registration rights agreement substantially in the form attached
as Exhibit E to the Merger Agreement (the &ldquo;<U>Registration Rights Agreement</U>&rdquo;). Pursuant to the Registration Rights
Agreement, the combined company will agree to file within 30 days following the closing of the Merger a shelf registration statement
and keep such shelf registration statement effective so long as Fortress and Leucadia (and their permitted assigns) own Registrable
Securities (as defined in the Registration Rights Agreement). In addition, Fortress and Leucadia (and their permitted assigns)
will be able to cause the combined company to undertake two underwritten take downs of the shelf registration statement. The Registration
Rights Agreement will also grant certain customary piggyback rights for Fortress and Leucadia (and their permitted assigns). The
Registration Rights Agreement will allow Fortress and Leucadia (and their affiliates) to transfer their registration rights to,
among others, certain permitted transferees, including to affiliates of Fortress and Leucadia, respectively, and to persons advised
by Fortress or Leucadia, respectively (so long as the decision-making control with respect to such interests remains after such
transfer with Fortress or Leucadia, respectively), and in certain circumstances, to the direct or indirect members, shareholders,
general or limited partners, or other equityholders of Fortress and Leucadia.</P>

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

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Concurrently with the
execution and delivery of the Merger Agreement, HRG, which beneficially owns approximately 59% of the outstanding Spectrum Common
Stock, entered into a voting agreement with Spectrum (the &ldquo;<U>HRG Voting Agreement</U>&rdquo;). The HRG Voting Agreement
requires that HRG vote its shares of Spectrum Common Stock to approve and adopt the Merger Agreement and the transactions contemplated
thereby and take certain other actions, including voting against any alternative acquisition proposal or other proposal which would
frustrate the purposes, or prevent, delay or otherwise adversely affect the consummation of the transactions contemplated by the
Merger Agreement. The HRG Voting Agreement and the obligations thereunder terminate upon the termination of the Merger Agreement
in accordance with its terms.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Concurrently with the execution and delivery
of the Merger Agreement, Fortress, which beneficially owns approximately 16% of the outstanding HRG Common Stock and the one outstanding
share of Series A Participating Convertible Preferred Stock of HRG, par value $0.01 (the &ldquo;<U>HRG Series A Preferred Stock</U>&rdquo;),
entered into a voting agreement with HRG (the &ldquo;<U>Fortress Voting Agreement</U>&rdquo;). The Fortress Voting Agreement requires
that Fortress vote or exercise its right to consent with respect to its share of HRG Series A Preferred Stock and all HRG Common
Stock to approve the Amended HRG Charter and the Share Issuance and take certain other actions, including voting against an alternative
acquisition proposal or other proposal which would frustrate the purposes, or prevent, delay or otherwise adversely affect the
consummation of the transactions contemplated by the Merger Agreement. The Fortress Voting Agreement and the obligations thereunder
(other than certain provisions unrelated to the voting of shares of HRG Common Stock owned by Fortress that survive until a later
specified expiration) terminate upon (i) the termination of the Merger Agreement in accordance with its terms, (ii) the date of
any Adverse Recommendation Change (as defined in the Merger Agreement) and (iii) certain specified amendments to the Merger Agreement
that may be adverse to Fortress. The Fortress Voting Agreement furthermore includes Fortress&rsquo;s covenant to transfer to HRG,
effective immediately prior to but conditioned upon the filing of the Amended HRG Charter and to the Reverse Split, and for no
additional consideration, its share of HRG Series A Preferred Stock, which in turn will terminate all rights corresponding to such
share of HRG Series A Preferred Stock in HRG&rsquo;s organizational documents. Spectrum is an express third party
beneficiary of the Fortress Voting Agreement and no provision of the Fortress Voting Agreement may be amended or waived without
the prior written consent of Spectrum.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Concurrently with the
execution and delivery of the Merger Agreement, Leucadia, which beneficially owns approximately 23% of the outstanding HRG Common
Stock, entered into a voting agreement with HRG (the &ldquo;<U>Leucadia Voting Agreement</U>&rdquo;). The Leucadia Voting Agreement
requires that Leucadia vote its shares of HRG Common Stock to approve the Amended HRG Charter and the Share Issuance and take certain
other actions, including voting against an alternative acquisition proposal or other proposal which would frustrate the purposes,
or prevent, delay or otherwise adversely affect the consummation of the transactions contemplated by the Merger Agreement. The
Leucadia Voting Agreement and the obligations thereunder terminate upon (i) the termination of the Merger Agreement in accordance
with its terms, (ii) the date of any Adverse Recommendation Change (as defined in the Merger Agreement) and (iii) certain specified
amendments to the Merger Agreement that may be adverse to Leucadia. The Leucadia Voting Agreement and the obligations thereunder
terminate upon the termination of the Merger Agreement in accordance with its terms. Spectrum is an express third party beneficiary
of the Leucadia Voting Agreement and no provision of the Leucadia Voting Agreement may be amended or waived without the prior written
consent of Spectrum.&nbsp;</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Concurrently with the
execution and delivery of the Merger Agreement, HRG entered into a shareholder agreement with Leucadia (the &ldquo;<U>Leucadia
Shareholder Agreement</U>&rdquo;), which will become effective as of the closing of the Merger.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Under the Leucadia
Shareholder Agreement, Leucadia has the right to designate one nominee to the board of directors of HRG, until the earliest of
(i) such time as Leucadia and its subsidiaries in the aggregate own less than 10% of the number of shares of HRG Common Stock (calculated
on a fully diluted basis) issued and outstanding</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt; text-align: justify">immediately
after the Effective Time, (ii) such time as Leucadia and its subsidiaries in the aggregate own less than 5% of the number of shares
of HRG Common Stock (calculated on a fully diluted basis) then issued and outstanding, and (iii) the later of (A) the 60 month
anniversary of the Effective Time and (B) such time as Leucadia and its Subsidiaries in the aggregate own less than 10% of the
number of shares of HRG Common Stock (calculated on a fully diluted basis) then issued and outstanding. If at any time following
the Effective Time (i) Leucadia and its Subsidiaries in the aggregate own less than 5% of the number of shares of Common Stock
(calculated on a fully diluted basis) issued and outstanding immediately after the Effective Time, (ii) Leucadia and its subsidiaries
in the aggregate own less than 5% of the number of shares of HRG Common Stock (calculated on a fully diluted basis) then issued
and outstanding, or (iii) the 60 month anniversary of the Effective Time has passed and Leucadia and its Subsidiaries in the aggregate
at such time own less than 10% of the number of shares of HRG Common Stock (calculated on a fully diluted basis) then issued and
outstanding, then the director designated by Leucadia is required to promptly resign from the board of directors of HRG.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Under the Leucadia
Shareholder Agreement, Leucadia is subject to certain standstill provisions following the Effective Time providing that it and
its subsidiaries will not, among other things, (i) acquire equity securities of HRG, if after giving effect to such acquisitions
the aggregate HRG Common Stock beneficially owned by Leucadia and its subsidiaries exceeds 15% of the number of shares of HRG Common
Stock (calculated on a fully diluted basis) issued and outstanding, (ii) make, or in any way participate in, any solicitation of
proxies to vote any voting securities of HRG, (iii) commence a tender offer or exchange offer for voting securities of HRG without
the prior written consent of the board of HRG, (iv) form or join a group for the purpose of voting, acquiring or disposing of any
voting securities of HRG, (v) submit to the board of HRG a written proposal for an acquisition of HRG or make any public announcement
related thereto, or (vi) call a meeting of the stockholders of HRG. The standstill provisions are subject to certain exceptions
as set forth in the Leucadia Shareholder Agreement. The standstill provisions cease at such time as both (i) Leucadia and its subsidiaries
no longer in the aggregate own at least 10% of the number of shares of HRG Common Stock (calculated on a fully diluted basis) issued
and outstanding immediately after the Effective Time and (ii) a nominee of Leucadia is no longer serving on the board of directors
of HRG.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt">The information included in Item 3.03 of
this Current Report on Form 8-K is incorporated by reference into this Item 1.01.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The foregoing descriptions
of the Merger, the Merger Agreement, the HRG Voting Agreement, the Leucadia Voting Agreement, the Fortress Voting Agreement, the
Leucadia Shareholder Agreement, the Registration Rights Agreement and the Rights Agreement (together, the &ldquo;<U>Transaction
Agreements</U>&rdquo;) do not purport to be complete and are subject to, and qualified in its entirety by, (i) the full text of
the Merger Agreement (including the exhibits thereto, including the Amended HRG Charter and the Registration Rights Agreement),
a copy of which is filed herewith as Exhibit 2.1 and is incorporated into this report by reference in its entirety, (ii) the full
text of the HRG Voting Agreement, a copy of which is filed herewith as Exhibit 10.1 and is incorporated into this report by reference
in its entirety, (iii) the full text of the Fortress Voting Agreement, a copy of which is filed herewith as Exhibit 10.2 and is
incorporated into this report by reference in its entirety, (iv) the full text of the Leucadia Voting Agreement, a copy of which
is filed herewith as Exhibit 10.3 and is incorporated into this report by reference in its entirety, (v) the full text of the Leucadia
Shareholder Agreement, a copy of which is filed herewith as Exhibit 10.4 and is incorporated into this report by reference in its
entirety and (vi) the full text of the Rights Agreement, a copy of which is filed herewith as Exhibit 4.1 and is incorporated into
this report by reference in its entirety. The Transaction Agreements have been attached to provide investors with information regarding
its terms. They are not intended to provide any other factual information about the parties thereto or to modify or supplement
any factual disclosures about HRG in its public reports filed with the U.S. Securities and Exchange Commission (the &ldquo;<U>SEC</U>&rdquo;).
The Transaction Agreements include representations, warranties and covenants of the parties thereto made solely for the purposes
of such Transaction Agreements and which may be subject to important qualifications and limitations agreed to by the parties thereto
in connection with the negotiated terms of the applicable Transaction Agreements. Moreover, some of those representations and warranties
may not be accurate or complete as of any specified date, may be subject to a contractual standard of materiality different from
those generally applicable to HRG&rsquo;s SEC filings or may have been used for purposes of allocating risk among HRG and Spectrum,
Fortress or Leucadia,</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt; text-align: justify">rather
than establishing matters as facts. Accordingly, the representations and warranties in the Transaction Agreements should not be
relied on as characterizations of the actual state of facts about HRG, Spectrum, Fortress or Leucadia.</P>

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

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">Item 3.03. Material Modifications to Rights of Security
Holders.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><B><U>Rights Agreement</U></B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">On February 24, 2018,
the Board of Directors of HRG declared a dividend of one preferred share purchase right (a &ldquo;<U>Right</U>&rdquo;), payable
on March 8, 2018, for each outstanding share of HRG Common Stock outstanding on March 8, 2018 (the &ldquo;<U>Record Date</U>&rdquo;)
to the stockholders of record on that date. Each Right entitles the registered holder to purchase from HRG one one-thousandth of
a share of Series B Preferred Stock, par value $0.01 per share (the &ldquo;<U>Preferred Shares</U>&rdquo;), of HRG, at a price
of $71.55 per one one-thousandth of a Preferred Share represented by a Right (the &ldquo;<U>Purchase Price</U>&rdquo;), subject
to adjustment. The description and terms of the Rights are set forth in a Rights Agreement (the &ldquo;<U>Rights Agreement</U>&rdquo;),
dated as of February 24, 2018, between HRG and American Stock Transfer &amp; Trust Company, LLC, a limited liability trust company,
as Rights Agent. Capitalized terms used but not defined in this summary of the Rights Agreement have the meanings ascribed to such
terms in the Rights Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">The Rights Agreement
is intended to, among other things, discourage an &ldquo;ownership change&rdquo; within the meaning of Section 382 of the Internal
Revenue Code of 1986, as amended, and thereby preserve the current ability of HRG to utilize certain net operating loss carryovers
and other tax benefits of HRG and its subsidiaries.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><I><U>The Rights</U></I>&#9;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">Initially, the
Rights will be attached to shares of HRG Common Stock and no separate certificates evidencing the Rights will be issued.
Until the Distribution Date (as defined below), which may or may not occur, the Rights will be transferred with and only with the shares of HRG Common
Stock. As long as the Rights are attached to the shares of HRG Common Stock, HRG will issue one Right with each new share of
HRG Common Stock so that all such shares will have Rights attached.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">Until the earlier
to occur of (i)&nbsp;10&nbsp;days following a public announcement that a Person or group of Affiliated or Associated Persons (other
than an Exempt Person) has acquired Beneficial Ownership of 4.9% or more of the outstanding HRG Common Stock (an &ldquo;<U>Acquiring
Person</U>&rdquo;) (or, in the event an exchange is effected in accordance with Section 24 of the Rights Agreement and the Board
of Directors determines that a later date is advisable, then such later date) or (ii)&nbsp;10&nbsp;business days (or such later
date as may be determined by action of the Board of Directors prior to such time as any Person becomes an Acquiring Person) following
the commencement of a tender offer or exchange offer the consummation of which would result in the Beneficial Ownership by a Person
or group of 4.9% or more of the outstanding HRG Common Stock (the earlier of such dates, the &ldquo;<U>Distribution Date</U>&rdquo;;
provided however, notwithstanding anything in the Rights Agreement to the contrary, a Distribution Date shall not occur as a result
of the Merger Agreement and the transactions contemplated thereby), the Rights will be evidenced, with respect to any of the HRG
Common Stock certificates outstanding as of the Record Date, by such HRG Common Stock certificate with a copy of the Summary of
Rights to Purchase Preferred Shares substantially in the form attached as Exhibit C to the Rights Agreement (unless such Rights
are recorded in book entry).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">A Person shall not
be deemed to be an Acquiring Person if such Person is (i) HRG, (ii) any Subsidiary of HRG, (iii) Fortress, Leucadia, or any of
their respective Subsidiaries, (iv) any employee benefit plan of HRG or of any Subsidiary of HRG, (v)&nbsp;any entity holding HRG
Common Stock for or pursuant to the terms of any such employee benefit plan or (vi)&nbsp;any Person who or which, at the time of
the first public announcement of the Rights Agreement, is a Beneficial Owner of 4.9% or more of the HRG Common Stock then outstanding
(a &ldquo;<U>Grandfathered Stockholder</U>&rdquo;); <I>provided</I>, <I>however</I>, that if a Grandfathered Stockholder becomes,
after the date of the Rights Agreement, the Beneficial Owner of any additional shares of HRG Common Stock then such Grandfathered
Stockholder shall no longer be deemed to be a Grandfathered Stockholder unless, upon such acquisition of Beneficial Ownership of
additional shares of HRG Common Stock, such Person is not the Beneficial Owner of 4.9% or more of the HRG Common Stock then outstanding;
<I>provided</I>, <I>further</I>, that upon the first decrease of a Grandfathered Stockholder&rsquo;s Beneficial Ownership below
4.9%, such Grandfathered Stockholder shall no longer be deemed to be a Grandfathered Stockholder. For the avoidance of doubt, in
the event that after the time of the first public announcement of the Rights Agreement, any agreement, arrangement or understanding
pursuant to which any Grandfathered Stockholder is deemed to be the Beneficial Owner of HRG Common Stock expires, terminates or
no longer confers any benefit to or imposes any obligation on the Grandfathered Stockholder, any direct or indirect replacement,
extension or substitution of such agreement, arrangement or understanding with respect to the same or different shares of HRG Common
Stock that confers Beneficial Ownership of HRG Common Stock shall be</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt; text-align: justify">considered
the acquisition of Beneficial Ownership of additional shares of HRG Common Stock by the Grandfathered Stockholder and render such
Grandfathered Stockholder an Acquiring Person for purposes of the Rights Agreement unless, upon such acquisition of Beneficial
Ownership of additional shares of HRG Common Stock, such Person is not the Beneficial Owner of 4.9% or more of the HRG Common
Stock then outstanding.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">In general, &ldquo;<U>Beneficial
Ownership</U>&rdquo; shall include any securities such Person or any of such Person&rsquo;s Affiliates or Associates (a) would
be deemed to actually or constructively own for purposes of Section 382 of the Code or the Treasury Regulations promulgated thereunder,
including any coordinated acquisition of securities by any Persons who have a formal or informal understanding with respect to
such acquisition (to the extent ownership of such securities would be attributed to such Persons under Section 382 of the Code
and the Treasury Regulations promulgated thereunder), (b) beneficially owns, directly or indirectly, within the meaning of Rules
13d-3 or 13d-5 promulgated under the Securities Exchange Act of 1934, as amended (the &ldquo;<U>Exchange Act</U>&rdquo;), (c) has
the right to acquire or vote pursuant to any agreement, arrangement or understanding (except under limited circumstances), (d)
which are directly or indirectly beneficially owned by any other Person with which such Person has any agreement, arrangement or
understanding for the purpose of acquiring, holding or voting such securities, or obtaining, changing or influencing control of
HRG or (e) in respect of which such Person has a Derivative Position.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">The Rights Agreement
provides that, until the Distribution Date, the Rights will be transferred with and only with the shares of HRG Common Stock. Until
the Distribution Date (or earlier redemption or expiration of the Rights), new HRG Common Stock certificates issued after the Record
Date or upon transfer or new issuance of HRG Common Stock will contain a notation incorporating the Rights Agreement by reference.
Until the Distribution Date (or earlier redemption or expiration of the Rights), the surrender for transfer of any certificates
for HRG Common Stock outstanding as of the Record Date, even without such notation or a copy of this Summary of Rights being attached
thereto, will also constitute the transfer of the Rights associated with the HRG Common Stock represented by such certificate.
As soon as practicable following the Distribution Date, separate certificates evidencing the Rights (&ldquo;<U>Right Certificates</U>&rdquo;)
will be mailed to holders of record of the HRG Common Stock as of the Close of Business on the Distribution Date, and such separate
Right Certificates alone will evidence the Rights (unless such Rights are recorded in book entry).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">The Rights are not
exercisable until the Distribution Date. The Rights will expire on the earlier of (i) the Close of Business on the one-year anniversary
date of the date of the Rights Agreement and (ii) the Close of Business on the date which is 60 days following the termination
of the Merger Agreement in accordance with its terms (the &ldquo;<U>Final Expiration Date</U>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">The Purchase Price
payable, and the number of Preferred Shares or other securities or property issuable, upon exercise of the Rights is subject to
adjustment from time to time to prevent dilution (i)&nbsp;in the event of a stock dividend on, or a subdivision, combination or
reclassification of, the Preferred Shares; (ii)&nbsp;upon the grant to holders of the Preferred Shares of certain rights or warrants
to subscribe for or purchase Preferred Shares at a price, or securities convertible into Preferred Shares with a conversion price,
less than the then current market price of the Preferred Shares; or (iii)&nbsp;upon the distribution to holders of the Preferred
Shares of evidences of indebtedness or assets (excluding regular periodic cash dividends paid out of earnings or retained earnings
or dividends payable in Preferred Shares) or of subscription rights or warrants (other than those referred to above).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">The number of outstanding
Rights and the number of Preferred Shares issuable upon exercise of each Right are also subject to adjustment in the event of a
stock split of the HRG Common Stock or a stock dividend on the HRG Common Stock payable in shares of HRG Common Stock or subdivisions,
consolidations or combinations of the HRG Common Stock occurring, in any such case, prior to the Distribution Date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">Preferred Shares purchasable
upon exercise of the Rights will not be redeemable. Each Preferred Share will be entitled to a quarterly dividend payment of 1,000
multiplied by the dividend declared per share of HRG Common Stock. In the event of liquidation, the holders of the Preferred Shares
will be entitled to a payment per share equal to 1,000&nbsp;multiplied by the aggregate payment made per share of HRG Common Stock.
Each Preferred Share will have 1,000&nbsp;votes, voting together with the HRG Common Stock. In the event of any merger, consolidation
or other transaction in which HRG Common Stock are exchanged, each Preferred Share will be entitled to receive 1,000 multiplied
by the amount received per share of HRG Common Stock.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">Because of the nature
of the dividend, liquidation and voting rights of the Preferred Shares, the value of the one one-thousandth of a Preferred Share
purchasable upon exercise of each Right should approximate the value of one share of HRG Common Stock.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">From and after the
time any Person becomes an Acquiring Person, if the Rights evidenced by a Right Certificate are or were acquired or Beneficially
Owned by an Acquiring Person or an Associate or Affiliate of an Acquiring Person, such Rights shall become void, and any holder
of such Rights shall thereafter have no right to exercise such Rights.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><I><U>Exempt Persons
and Transactions</U></I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">The Board of Directors
may, in its sole and absolute discretion, determine that a Person is exempt from the Rights Agreement, consistent with the preservation
of HRG&rsquo;s tax benefits (an &ldquo;<U>Exempt Person</U>&rdquo;). Any Person will cease to be an Exempt Person if the Board
makes a contrary determination with respect to such Person regardless of the reason therefor.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">In addition, any acquisition,
disposition or other transfer by Leucadia, Fortress or their respective subsidiaries is exempted from triggering the Rights Agreement,
and the Board may, in its sole and absolute discretion, determine any other transaction is exempt from triggering the Rights Agreement,
including, for the avoidance of doubt, the transactions contemplated by Merger Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><I><U>Flip-in Event</U></I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">If any Person becomes
an Acquiring Person, proper provision shall be made so that each holder of a Right, other than Rights Beneficially Owned by the
Acquiring Person and its Affiliates and Associates (all of which will thereafter be void), will thereafter have the right to receive
upon exercise such number of shares of HRG Common Stock as shall equal the result obtained by dividing the then current Purchase
Price by 50% of the then Current Per Share Market Price of HRG Common Stock. If the Board of Directors so elects, HRG shall deliver
upon payment of the Purchase Price of a Right an amount of cash or securities equivalent in value to the HRG Common Stock issuable
upon exercise of a Right.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><I><U>Flip-over Event</U></I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">If, at any time after
a Person becomes an Acquiring Person, HRG is acquired in a merger or other business combination transaction or 50% or more of its
consolidated assets or Earning Power (as defined in the Rights Agreement) are sold, proper provision will be made so that each
holder of a Right will thereafter have the right to receive, upon the exercise thereof at the then current Purchase Price of the
Right, that number of shares of common stock of the acquiring company equal to the result obtained by dividing the then current
Purchase Price by 50% of the then Current Per Share Market Price of the HRG Common Stock of the Acquiring Person.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><I><U>Exchange</U></I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">At any time after
any Person becomes an Acquiring Person and prior to the acquisition by any Person or group of a majority of the outstanding HRG
Common Stock, the Board of Directors may exchange the Rights (other than Rights owned by such Person or group which have become
void), in whole or in part, at an exchange ratio of one Common Share per Right (subject to adjustment). The shares and other securities
transferred as part of the exchange may be transferred to a trust created upon such terms as the Board of Directors of HRG may
determine.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><I><U>Purchase Price
Adjustments</U></I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">With certain exceptions,
no adjustment in the Purchase Price will be required until cumulative adjustments require an adjustment of at least 1% in such
Purchase Price. No fractional Preferred Shares will be issued (other than fractions which are integral multiples of one one-thousandth
of a Preferred Share, which may, at the election of HRG, be evidenced by depositary receipts), and in lieu thereof, an adjustment
in cash will be made based on the market price of the Preferred Shares on the last trading day prior to the date of exercise.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><I><U>Redemption</U></I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">At any time prior to
the time any Person becomes an Acquiring Person, the Board of Directors may redeem the Rights in whole, but not in part, at a price
of $0.00001 per Right (the &ldquo;<U>Redemption Price</U>&rdquo;). The redemption of the Rights may be made effective at such time,
on such basis and with such conditions as the Board of Directors in its sole discretion may establish. Immediately upon any redemption
of the Rights, the right to exercise the Rights will terminate and the only right of the holders of Rights will be to receive the
Redemption Price.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><I><U>Amendment</U></I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">The terms of the Rights
may be amended by the Board of Directors without the consent of the holders of the Rights. However, from and after such time as
any Person becomes an Acquiring Person, the Rights Agreement shall not be amended or supplemented in any manner that would adversely
affect the interests of the holders of the Rights (other than an Acquiring Person and its Affiliates and Associates).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><I><U>Rights of Holders</U></I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">Until a Right is exercised,
the holder thereof, as such, will have no rights as a stockholder of HRG, including the right to vote or to receive dividends.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">This summary description
of the Rights Agreement does not purport to be complete and is qualified in its entirety by reference to the full text Rights Agreement,
which is hereby incorporated herein by reference. A copy of the Rights Agreement has been filed as Exhibit 4.1 to this Form 8-K.&#9;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Item 5.03. Amendments to Articles
of Incorporation or Bylaws.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">In connection with
the adoption of the Rights Agreement referenced in Item 3.03 above, the Board of Directors approved the Certificate of Designation
establishing the Series B Preferred Stock and the rights, preferences and privileges thereof. The Certificate of Designation was
filed with the Secretary of State of the State of Delaware on February 26, 2018. The Certificate of Designation is attached hereto
as Exhibit 3.1 and is incorporated herein by reference. The information set forth under Item 3.03 above is incorporated herein
by reference.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Item 7.01.</B><FONT STYLE="font-size: 3pt">&nbsp;</FONT><B>Regulation
FD Disclosure. </B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On February 26, 2018, HRG and Spectrum
issued a joint press release announcing the Merger and each party&rsquo;s entry into a rights agreement. A copy of this press release
is attached hereto as Exhibit 99.1 and is incorporated by reference herein.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The information furnished pursuant to this
Item&nbsp;7.01, including the attached exhibits, shall not be deemed &ldquo;filed&rdquo; for purposes of the Exchange Act, or otherwise
subject to the liabilities of such section, nor shall such information or exhibits be deemed incorporated by reference into any
filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference
in such a filing by HRG with the SEC.</P>

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

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">Item 9.01. Financial Statements and Exhibits.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><B>(d) Exhibits.</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in">The following exhibits are attached hereto:</P>

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

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 12%; padding-right: 5pt; padding-top: 4pt; padding-bottom: 4pt">
        <P STYLE="font: bold 8pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; border-bottom: Black 0.5pt solid">Exhibit
No.&nbsp;</P></TD>
    <TD STYLE="width: 88%; padding-top: 4pt; padding-bottom: 4pt">
        <P STYLE="font: bold 8pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; border-bottom: Black 0.5pt solid">Description
of Exhibit&nbsp;</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5pt; padding-top: 4pt; padding-bottom: 4pt"><A HREF="dp87180_ex0201.htm">2.1</A></TD>
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt"><A HREF="dp87180_ex0201.htm">Merger Agreement, dated as of February 24, 2018, by and among Spectrum Brands Holdings, Inc., HRG Group, Inc., HRG SPV Sub I, Inc. and HRG SPV Sub II, LLC. (Schedules have been omitted pursuant to Item 601(b)(2) of Regulation S-K. HRG agrees to furnish supplementally to the SEC a copy of any omitted schedule upon request.)</A></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5pt; padding-top: 4pt; padding-bottom: 4pt"><A HREF="dp87180_ex0301.htm">3.1</A></TD>
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt"><A HREF="dp87180_ex0301.htm">Certificate of Designation of Series B Preferred Stock of HRG Group, Inc., as filed with the Secretary of State of Delaware on February 26, 2018.</A></TD></TR>
</TABLE>

<P STYLE="margin: 0">&nbsp;&nbsp;</P>

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

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<P STYLE="margin: 0">&nbsp;</P>

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5pt; padding-top: 4pt; padding-bottom: 4pt; width: 12%"><A HREF="dp87180_ex0401.htm">4.1</A></TD>
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt; width: 88%"><A HREF="dp87180_ex0401.htm">Rights Agreement, dated as of February 24, 2018, between HRG Group, Inc. and American Stock Transfer &amp; Trust Company, LLC, as Rights Agent, which includes the Form of Certificate of Designation of Series B Preferred Stock of HRG Group, Inc. as Exhibit A, the Form of Right Certificate as Exhibit B and the Summary of Terms of the Rights Agreement as Exhibit C.</A></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5pt; padding-top: 4pt; padding-bottom: 4pt"><A HREF="dp87180_ex1001.htm">10.1</A></TD>
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt"><A HREF="dp87180_ex1001.htm">Voting Agreement, dated as of February 24, 2018, by and between HRG Group, Inc. and Spectrum Brands Holdings, Inc.</A></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5pt; padding-top: 4pt; padding-bottom: 4pt"><A HREF="dp87180_ex1002.htm">10.2</A></TD>
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt"><A HREF="dp87180_ex1002.htm">Voting Agreement, dated as of February 24, 2018, by and between HRG Group, Inc. and CF Turul LLC.</A></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5pt; padding-top: 4pt; padding-bottom: 4pt"><A HREF="dp87180_ex1003.htm">10.3</A></TD>
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt"><A HREF="dp87180_ex1003.htm">Voting Agreement, dated as of February 24, 2018, by and between HRG Group, Inc. and Leucadia National Corporation.</A></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5pt; padding-top: 4pt; padding-bottom: 4pt"><A HREF="dp87180_ex1004.htm">10.4</A></TD>
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt"><A HREF="dp87180_ex1003.htm">Shareholder Agreement, dated as of February 24, 2018, by and between HRG Group, Inc. and Leucadia National Corporation.</A></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5pt; padding-top: 4pt; padding-bottom: 4pt"><A HREF="dp87180_ex9901.htm">99.1</A></TD>
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt"><A HREF="dp87180_ex9901.htm">HRG Group, Inc. and Spectrum Brands Holdings, Inc. Joint Press Release dated February 26, 2018.</A></TD></TR>
</TABLE>
<P STYLE="margin: 0">&nbsp;&nbsp;</P>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt">&nbsp;</DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Additional Information and Where You
Can Find It</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In connection with the proposed transaction,
HRG and Spectrum will file with the SEC a registration statement on Form S-4 that will include a joint proxy statement of HRG and
Spectrum and that also will constitute a prospectus for the shares of HRG Common Stock being issued to Spectrum&rsquo;s stockholders
in the proposed transaction. HRG and Spectrum also may file other documents with the SEC regarding the proposed transaction. This
document is not a substitute for the joint proxy statement/prospectus or registration statement or any other document which HRG
and Spectrum may file with the SEC. INVESTORS AND SECURITY HOLDERS OF HRG AND SPECTRUM ARE URGED TO READ THE REGISTRATION STATEMENT,
THE JOINT PROXY STATEMENT/PROSPECTUS AND ANY OTHER RELEVANT DOCUMENTS THAT ARE FILED OR WILL BE FILED WITH THE SEC, AS WELL AS
ANY AMENDMENTS OR SUPPLEMENTS TO THESE DOCUMENTS, CAREFULLY AND IN THEIR ENTIRETY BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT
INFORMATION ABOUT THE PROPOSED TRANSACTION AND RELATED MATTERS. Investors and security holders may obtain free copies of the registration
statement and the joint proxy statement/prospectus (when available) and other documents filed with the SEC by HRG and Spectrum
through the web site maintained by the SEC at www.sec.gov or by contacting the investor relations department of HRG or Spectrum
at the following:</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">450 Park Avenue, 29th Floor</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">New York, NY 10022</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><U>Spectrum Brands Holdings, Inc.</U></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">3001 Deming Way</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Middleton, WI 53562</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">This document is for informational purposes
only and shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale
of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification
under the securities laws of any such jurisdiction. This document is not a substitute for the prospectus or any other document
that HRG may file with the SEC in connection with the proposed transaction. No offering of securities shall be made, except by
means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">HRG, Spectrum and their respective directors
and executive officers may be deemed to be participants in the solicitation of proxies in respect of the proposed transaction.
Information regarding HRG&rsquo;s directors and executive officers, including a description of their direct interests, by security
holdings or otherwise, is contained in HRG&rsquo;s Form 10-K for the year ended September 30, 2017, as amended, which is on file
with the SEC. Information regarding Spectrum&rsquo;s directors and executive officers, including a description of their direct
interests, by security holdings or otherwise, is contained in Spectrum&rsquo;s Form 10-K for the year ended September 30, 2017,
which is filed with the SEC. A more complete description will be available in the registration statement on Form S-4 and the joint
proxy statement/prospectus.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: white"><B>Forward-Looking Statements</B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Certain matters discussed in this document
may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. We have tried, whenever
possible, to identify these statements by using words like &ldquo;future,&rdquo; &ldquo;anticipate,&rdquo; &ldquo;intend,&rdquo;
&ldquo;plan,&rdquo; &ldquo;estimate,&rdquo; &ldquo;believe,&rdquo; &ldquo;expect,&rdquo; &ldquo;project,&rdquo; &ldquo;forecast,&rdquo;
&ldquo;could,&rdquo; &ldquo;would,&rdquo; &ldquo;should,&rdquo; &ldquo;will,&rdquo; &ldquo;may,&rdquo; and similar expressions
of future intent or the negative of such terms. These statements are subject to a number of risks and uncertainties that could
cause results to differ materially from those anticipated as of the date of this release.&nbsp;Actual results may differ materially
as a result of (1) the ability to consummate the announced transaction on the expected terms and within the anticipated time period,
or at all, which</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">is dependent on the parties&rsquo; ability to satisfy certain closing conditions, including the approval of Spectrum&rsquo;s
and HRG&rsquo;s stockholders, including Spectrum&rsquo;s stockholders other than HRG; (2) any delay or inability of the combined
company to realize the expected benefits of the transaction; (3) changes in tax laws, regulations, rates, policies or interpretations;
(4) the value of the combined company shares to be issued in the transaction; (5) the risk of unexpected significant transaction
costs and/or unknown liabilities; (6) potential litigation relating to the proposed transaction; (7) the outcome of Spectrum&rsquo;s
previously announced transaction to sell the Global Battery and Lighting Business and exploration of strategic options for Spectrum&rsquo;s
Appliances business, including uncertainty regarding consummation of any such transaction or transactions and the terms of such
transaction or transactions, if any, and, if consummated, Spectrum&rsquo;s ability to realize the expected benefits of such transaction;
(8) the impact of actions taken by significant stockholders; (9) the impact of expenses resulting from the implementation of new
business strategies, divestitures or current and proposed restructuring activities; (10) the potential disruption to HRG&rsquo;s
or Spectrum&rsquo;s business or diverted management attention, and the unanticipated loss of key members of senior management or
other employees, in each case as a result of the announced transaction, the previously announced transaction to sell Spectrum&rsquo;s
Global Battery and Lighting Business, in connection with the strategic options for Spectrum&rsquo;s Appliances business or otherwise;
and (11) general economic and business conditions that affect the combined company following the transaction. Risks that could
cause actual risks to differ from those anticipated as of the date hereof include those discussed herein, those set forth in the
securities filings of HRG, including its most recently filed Annual Report on Form 10-K, and those set forth in the combined securities
filings of Spectrum and SB/RH Holdings, LLC, including their most recently filed Annual Report on Form 10-K.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">HRG also cautions the reader that undue
reliance should not be placed on any forward-looking statements, which speak only as of the date of this release.&nbsp;HRG undertakes
no duty or responsibility to update any of these forward-looking statements to reflect events or circumstances after the date of
this report or to reflect actual outcomes.</P>

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

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


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

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 12%; padding-right: 5pt; padding-top: 4pt; padding-bottom: 4pt">
        <P STYLE="font: bold 8pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; border-bottom: Black 0.5pt solid">Exhibit
No.&nbsp;</P></TD>
    <TD STYLE="width: 88%; padding-top: 4pt; padding-bottom: 4pt">
        <P STYLE="font: bold 8pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; border-bottom: Black 0.5pt solid">Description
of Exhibit&nbsp;</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5pt; padding-top: 4pt; padding-bottom: 4pt"><A HREF="dp87180_ex0201.htm">2.1</A></TD>
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt"><A HREF="dp87180_ex0201.htm">Merger Agreement, dated as of February 24, 2018, by and among Spectrum Brands Holdings, Inc., HRG Group, Inc., HRG SPV Sub I, Inc. and HRG SPV Sub II, LLC. (Schedules have been omitted pursuant to Item 601(b)(2) of Regulation S-K. HRG agrees to furnish supplementally to the SEC a copy of any omitted schedule upon request.)</A></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5pt; padding-top: 4pt; padding-bottom: 4pt"><A HREF="dp87180_ex0301.htm">3.1</A></TD>
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt"><A HREF="dp87180_ex0301.htm">Certificate of Designation of Series B Preferred Stock of HRG Group, Inc., as filed with the Secretary of State of Delaware on February 26, 2018.</A></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5pt; padding-top: 4pt; padding-bottom: 4pt"><A HREF="dp87180_ex0401.htm">4.1</A></TD>
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt"><A HREF="dp87180_ex0401.htm">Rights Agreement, dated as of February 24, 2018, between HRG Group, Inc. and American Stock Transfer &amp; Trust Company, LLC, as Rights Agent, which includes the Form of Certificate of Designation of Series B Preferred Stock of HRG Group, Inc. as Exhibit A, the Form of Right Certificate as Exhibit B and the Summary of Terms of the Rights Agreement as Exhibit C.</A></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5pt; padding-top: 4pt; padding-bottom: 4pt"><A HREF="dp87180_ex1001.htm">10.1</A></TD>
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt"><A HREF="dp87180_ex1001.htm">Voting Agreement, dated as of February 24, 2018, by and between HRG Group, Inc. and Spectrum Brands Holdings, Inc.</A></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5pt; padding-top: 4pt; padding-bottom: 4pt"><A HREF="dp87180_ex1002.htm">10.2</A></TD>
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt"><A HREF="dp87180_ex1002.htm">Voting Agreement, dated as of February 24, 2018, by and between HRG Group, Inc. and CF Turul LLC.</A></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5pt; padding-top: 4pt; padding-bottom: 4pt"><A HREF="dp87180_ex1003.htm">10.3</A></TD>
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt"><A HREF="dp87180_ex1003.htm">Voting Agreement, dated as of February 24, 2018, by and between HRG Group, Inc. and Leucadia National Corporation.</A></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5pt; padding-top: 4pt; padding-bottom: 4pt"><A HREF="dp87180_ex1004.htm">10.4</A></TD>
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt"><A HREF="dp87180_ex1004.htm">Shareholder Agreement, dated as of February 24, 2018, by and between HRG Group, Inc. and Leucadia National Corporation.</A></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5pt; padding-top: 4pt; padding-bottom: 4pt"><A HREF="dp87180_ex9901.htm">99.1</A></TD>
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt"><A HREF="dp87180_ex9901.htm">HRG Group, Inc. and Spectrum Brands Holdings, Inc. Joint Press Release dated February 26, 2018.</A></TD></TR>
</TABLE>


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

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0">&nbsp;</P>


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

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">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, thereunto duly
authorized.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="3">HRG GROUP, INC.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="3">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="3">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>By:</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid">/s/ Ehsan Zargar</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 7%">Name:</TD>
    <TD STYLE="width: 40%">Ehsan Zargar</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Title:</TD>
    <TD>Executive Vice President, General Counsel, Chief Operating Office and Corporate Secretary</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">February 26, 2018</P>

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

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

<P STYLE="margin: 0">&nbsp;</P>

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<DOCUMENT>
<TYPE>EX-2.1
<SEQUENCE>2
<FILENAME>dp87180_ex0201.htm
<DESCRIPTION>EXHIBIT 2.1
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
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<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0; text-align: right"><FONT STYLE="font-size: 10pt"><B>Exhibit 2.1</B></FONT></P>

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

<P STYLE="margin: 0; text-align: right"></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">AGREEMENT
AND PLAN OF MERGER</FONT></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">BY
AND AMONG</FONT></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">HRG
GROUP, INC.</FONT></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">HRG
SPV Sub I, Inc.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">,</FONT></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">HRG
SPV Sub II, LLC</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">,</FONT></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">AND</FONT></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SPECTRUM
BRANDS HOLDINGS, INC.</FONT></P>

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<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">DATED
AS OF FEBRUARY 24, 2018</FONT></P>

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<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 11pt">TABLE OF
CONTENTS</FONT></P>

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<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%">
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="width: 90%; text-align: left; text-indent: -0.5in; padding-left: 0.5in"><FONT STYLE="font-size: 10pt">Article
    I CLOSING TRANSACTIONS</FONT></TD>
    <TD STYLE="width: 10%; text-align: right"><FONT STYLE="font-size: 10pt">2</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -0.5in; padding-left: 0.5in">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -1in; padding-left: 1.5in"><FONT STYLE="font-size: 10pt">Section
    1.1&nbsp;&nbsp;&nbsp;Charter Amendment</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">3</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -1in; padding-left: 1.5in"><FONT STYLE="font-size: 10pt">Section
    1.2&nbsp;&nbsp;&nbsp;The Merger</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">4</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -1in; padding-left: 1.5in"><FONT STYLE="font-size: 10pt">Section
    1.3&nbsp;&nbsp;&nbsp;Post-Closing Governance</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">4</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -1in; padding-left: 1.5in"><FONT STYLE="font-size: 10pt">Section
    1.4&nbsp;&nbsp;&nbsp;Closing</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">4</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -1in; padding-left: 1.5in"><FONT STYLE="font-size: 10pt">Section
    1.5&nbsp;&nbsp;&nbsp;Charter Amendment Effective Time</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">5</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -1in; padding-left: 1.5in"><FONT STYLE="font-size: 10pt">Section
    1.6&nbsp;&nbsp;&nbsp;Effective Time</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">5</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -1in; padding-left: 1.5in"><FONT STYLE="font-size: 10pt">Section
    1.7&nbsp;&nbsp;&nbsp;Effect of the Merger</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">5</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -1in; padding-left: 1.5in"><FONT STYLE="font-size: 10pt">Section
    1.8&nbsp;&nbsp;&nbsp;Surviving Corporation/Company Governing Documents</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">6</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -1in; padding-left: 1.5in"><FONT STYLE="font-size: 10pt">Section
    1.9&nbsp;&nbsp;&nbsp;Surviving Corporation/Company Directors, Officers</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">6</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -1in; padding-left: 1.5in">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -0.5in; padding-left: 0.5in"><FONT STYLE="font-size: 10pt">Article
    II CONVERSION AND EXCHANGE OF SHARES IN THE FIRST MERGER</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">6</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -0.5in; padding-left: 0.5in">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -1in; padding-left: 1.5in"><FONT STYLE="font-size: 10pt">Section
    2.1&nbsp;&nbsp;&nbsp;Conversion of Securities</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">6</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -1in; padding-left: 1.5in"><FONT STYLE="font-size: 10pt">Section
    2.2&nbsp;&nbsp;&nbsp;Exchange and Payment</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">7</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -1in; padding-left: 1.5in"><FONT STYLE="font-size: 10pt">Section
    2.3&nbsp;&nbsp;&nbsp;Treatment of Saturn Equity Awards</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">9</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -1in; padding-left: 1.5in"><FONT STYLE="font-size: 10pt">Section
    2.4&nbsp;&nbsp;&nbsp;Treatment of Halley Equity Awards</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">12</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -1in; padding-left: 1.5in"><FONT STYLE="font-size: 10pt">Section
    2.5&nbsp;&nbsp;&nbsp;Withholding Rights</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">12</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -1in; padding-left: 1.5in"><FONT STYLE="font-size: 10pt">Section
    2.6&nbsp;&nbsp;&nbsp;Adjustments</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">12</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -1in; padding-left: 1.5in"><FONT STYLE="font-size: 10pt">Section
    2.7&nbsp;&nbsp;&nbsp;Delivery of Halley Closing Certificate</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">12</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -1in; padding-left: 1.5in"><FONT STYLE="font-size: 10pt">Section
    2.8&nbsp;&nbsp;&nbsp;Delivery of Halley Capitalization Certificate</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">13</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -1in; padding-left: 1.5in">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -0.5in; padding-left: 0.5in"><FONT STYLE="font-size: 10pt">Article
    III REPRESENTATIONS AND WARRANTIES OF SATURN</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">13</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -0.5in; padding-left: 0.5in">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -1in; padding-left: 1.5in"><FONT STYLE="font-size: 10pt">Section
    3.1&nbsp;&nbsp;&nbsp;Organization, Standing and Power</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">14</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -1in; padding-left: 1.5in"><FONT STYLE="font-size: 10pt">Section
    3.2&nbsp;&nbsp;&nbsp;Capital Stock</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">14</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -1in; padding-left: 1.5in"><FONT STYLE="font-size: 10pt">Section
    3.3&nbsp;&nbsp;&nbsp;Authority</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">15</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -1in; padding-left: 1.5in"><FONT STYLE="font-size: 10pt">Section
    3.4&nbsp;&nbsp;&nbsp;No Conflict; Consents and Approvals</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">16</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -1in; padding-left: 1.5in"><FONT STYLE="font-size: 10pt">Section
    3.5&nbsp;&nbsp;&nbsp;Certain Information</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">16</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -1in; padding-left: 1.5in"><FONT STYLE="font-size: 10pt">Section
    3.6&nbsp;&nbsp;&nbsp;SEC Reports; Financial Statements.</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">17</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -1in; padding-left: 1.5in"><FONT STYLE="font-size: 10pt">Section
    3.7&nbsp;&nbsp;&nbsp;No Undisclosed Liabilities</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">19</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -1in; padding-left: 1.5in"><FONT STYLE="font-size: 10pt">Section
    3.8&nbsp;&nbsp;&nbsp;Transaction Litigation</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">19</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -1in; padding-left: 1.5in"><FONT STYLE="font-size: 10pt">Section
    3.9&nbsp;&nbsp;&nbsp;Compliance with Laws</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">19</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -1in; padding-left: 1.5in"><FONT STYLE="font-size: 10pt">Section
    3.10&nbsp;&nbsp;&nbsp;Taxes</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">19</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -1in; padding-left: 1.5in"><FONT STYLE="font-size: 10pt">Section
    3.11&nbsp;&nbsp;&nbsp;State Takeover Statutes</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">19</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -1in; padding-left: 1.5in"><FONT STYLE="font-size: 10pt">Section
    3.12&nbsp;&nbsp;&nbsp;Brokers</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">19</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -1in; padding-left: 1.5in"><FONT STYLE="font-size: 10pt">Section
    3.13&nbsp;&nbsp;&nbsp;Opinion of Special Committee Financial Advisor</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">19</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -1in; padding-left: 1.5in"><FONT STYLE="font-size: 10pt">Section
    3.14&nbsp;&nbsp;&nbsp;No Other Representations and Warranties</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">20</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -1in; padding-left: 1.5in">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -0.5in; padding-left: 0.5in"><FONT STYLE="font-size: 10pt">Article
    IV REPRESENTATIONS AND WARRANTIES OF HALLEY &amp; MERGER SUB</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">20</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -0.5in; padding-left: 0.5in">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -1in; padding-left: 1.5in"><FONT STYLE="font-size: 10pt">Section
    4.1&nbsp;&nbsp;&nbsp;Organization, Standing and Power</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">21</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -1in; padding-left: 1.5in"><FONT STYLE="font-size: 10pt">Section
    4.2&nbsp;&nbsp;&nbsp;Capital Stock</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">21</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -1in; padding-left: 1.5in"><FONT STYLE="font-size: 10pt">Section
    4.3&nbsp;&nbsp;&nbsp;Subsidiaries</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">22</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -1in; padding-left: 1.5in"><FONT STYLE="font-size: 10pt">Section
    4.4&nbsp;&nbsp;&nbsp;Authority</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">23</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -1in; padding-left: 1.5in"><FONT STYLE="font-size: 10pt">Section
    4.5&nbsp;&nbsp;&nbsp;No Conflict; Consents and Approvals</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">24</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -1in; padding-left: 1.5in"><FONT STYLE="font-size: 10pt">Section
    4.6&nbsp;&nbsp;&nbsp;SEC Reports; Financial Statements</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">25</FONT></TD></TR>
</TABLE>

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<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%">
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -1in; padding-left: 1.5in; width: 90%"><FONT STYLE="font-size: 10pt">Section
    4.7&nbsp;&nbsp;&nbsp;No Undisclosed Liabilities</FONT></TD>
    <TD STYLE="text-align: right; width: 10%"><FONT STYLE="font-size: 10pt">27</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -1in; padding-left: 1.5in"><FONT STYLE="font-size: 10pt">Section
    4.8&nbsp;&nbsp;&nbsp;Certain Information</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">27</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -1in; padding-left: 1.5in"><FONT STYLE="font-size: 10pt">Section
    4.9&nbsp;&nbsp;&nbsp;Absence of Certain Changes or Events</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">27</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -1in; padding-left: 1.5in"><FONT STYLE="font-size: 10pt">Section
    4.10&nbsp;&nbsp;&nbsp;Litigation</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">27</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -1in; padding-left: 1.5in"><FONT STYLE="font-size: 10pt">Section
    4.11&nbsp;&nbsp;&nbsp;Compliance with Laws</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">28</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -1in; padding-left: 1.5in"><FONT STYLE="font-size: 10pt">Section
    4.12&nbsp;&nbsp;&nbsp;Taxes</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">28</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -1in; padding-left: 1.5in"><FONT STYLE="font-size: 10pt">Section
    4.13&nbsp;&nbsp;&nbsp;State Takeover Statutes</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">29</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -1in; padding-left: 1.5in"><FONT STYLE="font-size: 10pt">Section
    4.14&nbsp;&nbsp;&nbsp;Related Party Transactions</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">29</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -1in; padding-left: 1.5in"><FONT STYLE="font-size: 10pt">Section
    4.15&nbsp;&nbsp;&nbsp;Indemnification Agreement</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">29</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -1in; padding-left: 1.5in"><FONT STYLE="font-size: 10pt">Section
    4.16&nbsp;&nbsp;&nbsp;Brokers</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">29</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -1in; padding-left: 1.5in"><FONT STYLE="font-size: 10pt">Section
    4.17&nbsp;&nbsp;&nbsp;Opinion of Halley Financial Advisor</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">30</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -1in; padding-left: 1.5in"><FONT STYLE="font-size: 10pt">Section
    4.18&nbsp;&nbsp;&nbsp;Merger Sub</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">30</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -1in; padding-left: 1.5in"><FONT STYLE="font-size: 10pt">Section
    4.19&nbsp;&nbsp;&nbsp;No Other Representations and Warranties</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">30</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -1in; padding-left: 1.5in">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -0.5in; padding-left: 0.5in"><FONT STYLE="font-size: 10pt">Article
    V COVENANTS</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">30</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -0.5in; padding-left: 0.5in">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -1in; padding-left: 1.5in"><FONT STYLE="font-size: 10pt">Section
    5.1&nbsp;&nbsp;&nbsp;Conduct of Business by Halley</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">30</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -1in; padding-left: 1.5in"><FONT STYLE="font-size: 10pt">Section
    5.2&nbsp;&nbsp;&nbsp;Conduct of Business by Saturn</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">33</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -1in; padding-left: 1.5in"><FONT STYLE="font-size: 10pt">Section
    5.3&nbsp;&nbsp;&nbsp;No Solicitation; Recommendation of the Merger</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">34</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -1in; padding-left: 1.5in"><FONT STYLE="font-size: 10pt">Section
    5.4&nbsp;&nbsp;&nbsp;SEC Filings; Stockholders Meetings</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">37</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -1in; padding-left: 1.5in"><FONT STYLE="font-size: 10pt">Section
    5.5&nbsp;&nbsp;&nbsp;Access to Information; Confidentiality</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">40</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -1in; padding-left: 1.5in"><FONT STYLE="font-size: 10pt">Section
    5.6&nbsp;&nbsp;&nbsp;Reasonable Best Efforts</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">41</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -1in; padding-left: 1.5in"><FONT STYLE="font-size: 10pt">Section
    5.7&nbsp;&nbsp;&nbsp;Takeover Laws</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">42</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -1in; padding-left: 1.5in"><FONT STYLE="font-size: 10pt">Section
    5.8&nbsp;&nbsp;&nbsp;Stockholder Litigation</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">42</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -1in; padding-left: 1.5in"><FONT STYLE="font-size: 10pt">Section
    5.9&nbsp;&nbsp;&nbsp;Notification of Certain Matters</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">42</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -1in; padding-left: 1.5in"><FONT STYLE="font-size: 10pt">Section
    5.10&nbsp;&nbsp;&nbsp;Indemnification, Exculpation and Insurance</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">43</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -1in; padding-left: 1.5in"><FONT STYLE="font-size: 10pt">Section
    5.11&nbsp;&nbsp;&nbsp;Public Announcements</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">45</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -1in; padding-left: 1.5in"><FONT STYLE="font-size: 10pt">Section
    5.12&nbsp;&nbsp;&nbsp;Rule 16b-3</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">45</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -1in; padding-left: 1.5in"><FONT STYLE="font-size: 10pt">Section
    5.13&nbsp;&nbsp;&nbsp;Tax Matters</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">45</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -1in; padding-left: 1.5in"><FONT STYLE="font-size: 10pt">Section
    5.14&nbsp;&nbsp;&nbsp;Merger Sub</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">46</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -1in; padding-left: 1.5in"><FONT STYLE="font-size: 10pt">Section
    5.15&nbsp;&nbsp;&nbsp;Stock Exchange Listing and Delisting</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">46</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -1in; padding-left: 1.5in"><FONT STYLE="font-size: 10pt">Section
    5.16&nbsp;&nbsp;&nbsp;Post-Closing Stockholders Agreement</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">46</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -1in; padding-left: 1.5in"><FONT STYLE="font-size: 10pt">Section
    5.17&nbsp;&nbsp;&nbsp;Saturn Stockholders Agreement; Registration Rights Agreement</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">46</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -1in; padding-left: 1.5in"><FONT STYLE="font-size: 10pt">Section
    5.18&nbsp;&nbsp;&nbsp;Financing Cooperation</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">47</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -1in; padding-left: 1.5in">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -0.5in; padding-left: 0.5in"><FONT STYLE="font-size: 10pt">Article
    VI CONDITIONS PRECEDENT</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">47</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -0.5in; padding-left: 0.5in">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -1in; padding-left: 1.5in"><FONT STYLE="font-size: 10pt">Section
    6.1&nbsp;&nbsp;&nbsp;Conditions to Each Party&rsquo;s Obligation to Effect the Merger and the Charter Amendment</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">47</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -1in; padding-left: 1.5in"><FONT STYLE="font-size: 10pt">Section
    6.2&nbsp;&nbsp;&nbsp;Conditions to the Obligations of Halley and Merger Sub</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">48</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -1in; padding-left: 1.5in"><FONT STYLE="font-size: 10pt">Section
    6.3&nbsp;&nbsp;&nbsp;Conditions to the Obligations of Saturn</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">49</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -1in; padding-left: 1.5in">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -0.5in; padding-left: 0.5in"><FONT STYLE="font-size: 10pt">Article
    VII TERMINATION, AMENDMENT AND WAIVER</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">49</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -0.5in; padding-left: 0.5in">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -1in; padding-left: 1.5in"><FONT STYLE="font-size: 10pt">Section
    7.1&nbsp;&nbsp;&nbsp;Termination</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">49</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -1in; padding-left: 1.5in"><FONT STYLE="font-size: 10pt">Section
    7.2&nbsp;&nbsp;&nbsp;Notice of Termination; Effect of Termination</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">51</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -1in; padding-left: 1.5in"><FONT STYLE="font-size: 10pt">Section
    7.3&nbsp;&nbsp;&nbsp;Fees and Expenses</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">51</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -1in; padding-left: 1.5in"><FONT STYLE="font-size: 10pt">Section
    7.4&nbsp;&nbsp;&nbsp;Amendment or Supplement</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">51</FONT></TD></TR>
</TABLE>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 11pt">TABLE OF
CONTENTS</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

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<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%">
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -1in; padding-left: 1.5in; width: 90%"><FONT STYLE="font-size: 10pt">Section
    7.5&nbsp;&nbsp;&nbsp;Extension of Time; Waiver</FONT></TD>
    <TD STYLE="text-align: right; width: 10%"><FONT STYLE="font-size: 10pt">52</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -1in; padding-left: 1.5in">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -0.5in; padding-left: 0.5in"><FONT STYLE="font-size: 10pt">Article
    VIII GENERAL PROVISIONS</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">52</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -0.5in; padding-left: 0.5in">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -1in; padding-left: 1.5in"><FONT STYLE="font-size: 10pt">Section
    8.1&nbsp;&nbsp;&nbsp;Non-Survival</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">52</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -1in; padding-left: 1.5in"><FONT STYLE="font-size: 10pt">Section
    8.2&nbsp;&nbsp;&nbsp;The Special Committee</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">52</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -1in; padding-left: 1.5in"><FONT STYLE="font-size: 10pt">Section
    8.3&nbsp;&nbsp;&nbsp;Notices</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">52</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -1in; padding-left: 1.5in"><FONT STYLE="font-size: 10pt">Section
    8.4&nbsp;&nbsp;&nbsp;Certain Definitions</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">53</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -1in; padding-left: 1.5in"><FONT STYLE="font-size: 10pt">Section
    8.5&nbsp;&nbsp;&nbsp;Interpretation</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">59</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -1in; padding-left: 1.5in"><FONT STYLE="font-size: 10pt">Section
    8.6&nbsp;&nbsp;&nbsp;Entire Agreement</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">60</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -1in; padding-left: 1.5in"><FONT STYLE="font-size: 10pt">Section
    8.7&nbsp;&nbsp;&nbsp;No Third Party Beneficiaries</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">60</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -1in; padding-left: 1.5in"><FONT STYLE="font-size: 10pt">Section
    8.8&nbsp;&nbsp;&nbsp;Governing Law</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">60</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -1in; padding-left: 1.5in"><FONT STYLE="font-size: 10pt">Section
    8.9&nbsp;&nbsp;&nbsp;Submission to Jurisdiction</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">60</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -1in; padding-left: 1.5in"><FONT STYLE="font-size: 10pt">Section
    8.10&nbsp;&nbsp;&nbsp;Assignment; Successors</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">61</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -1in; padding-left: 1.5in"><FONT STYLE="font-size: 10pt">Section
    8.11&nbsp;&nbsp;&nbsp;Specific Performance</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">61</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -1in; padding-left: 1.5in"><FONT STYLE="font-size: 10pt">Section
    8.12&nbsp;&nbsp;&nbsp;Currency</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">61</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -1in; padding-left: 1.5in"><FONT STYLE="font-size: 10pt">Section
    8.13&nbsp;&nbsp;&nbsp;Severability</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">61</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -1in; padding-left: 1.5in"><FONT STYLE="font-size: 10pt">Section
    8.14&nbsp;&nbsp;&nbsp;Waiver of Jury Trial</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">61</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -1in; padding-left: 1.5in"><FONT STYLE="font-size: 10pt">Section
    8.15&nbsp;&nbsp;&nbsp;Counterparts</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">62</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -1in; padding-left: 1.5in"><FONT STYLE="font-size: 10pt">Section
    8.16&nbsp;&nbsp;&nbsp;Facsimile or PDF Signature</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">62</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -1in; padding-left: 1.5in"><FONT STYLE="font-size: 10pt">Section
    8.17&nbsp;&nbsp;&nbsp;No Presumption Against Drafting Party</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">62</FONT></TD></TR>
</TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%">
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; width: 15%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">EXHIBIT
    A</FONT></TD>
    <TD STYLE="text-align: right; width: 85%"><P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Amended
and Restated Halley Charter</FONT></P>
</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">EXHIBIT B</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Amended and Restated
    Halley Bylaws</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -0.5in; padding-left: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">EXHIBIT
    C</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Surviving Corporation
    Charter</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -0.5in; padding-left: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">EXHIBIT
    D</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Surviving Corporation
    Bylaws</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">EXHIBIT E</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Form of Post-Closing
    Registration Rights Agreement</FONT></TD></TR>
</TABLE>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>INDEX
OF DEFINED TERMS</B></FONT></P>

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


<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 11pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="width: 50%"><FONT STYLE="font-size: 10pt"><U>Definition</U></FONT></TD>
    <TD STYLE="width: 50%; text-align: right"><FONT STYLE="font-size: 10pt"><U>Location</U></FONT></TD></TR>
</TABLE>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%">
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in; width: 80%"><FONT STYLE="font-size: 10pt">Accounting
    Referee</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt; width: 20%"><FONT STYLE="font-size: 10pt">2.7(b)</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in"><FONT STYLE="font-size: 10pt">Acquisition
    Proposal</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt"><FONT STYLE="font-size: 10pt">5.3(f)</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in"><FONT STYLE="font-size: 10pt">Action</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt"><FONT STYLE="font-size: 10pt">3.8</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in"><FONT STYLE="font-size: 10pt">Adjusted
    Saturn Shares Held by Halley</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt"><FONT STYLE="font-size: 10pt">8.4(a)</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in"><FONT STYLE="font-size: 10pt">Adjustment
    Measurement Date</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt"><FONT STYLE="font-size: 10pt">2.7(a)</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in"><FONT STYLE="font-size: 10pt">Adverse
    Recommendation Change</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt"><FONT STYLE="font-size: 10pt">5.3(b)</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in"><FONT STYLE="font-size: 10pt">Affiliate</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt"><FONT STYLE="font-size: 10pt">8.4(b)</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in"><FONT STYLE="font-size: 10pt">Aggregate
    Halley Vested Restricted Stock Shares</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt"><FONT STYLE="font-size: 10pt">8.4(c)</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in"><FONT STYLE="font-size: 10pt">Agreement</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt"><FONT STYLE="font-size: 10pt">Preamble</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in"><FONT STYLE="font-size: 10pt">Amended
    and Restated Halley Charter</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt"><FONT STYLE="font-size: 10pt">1.1(a)</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in"><FONT STYLE="font-size: 10pt">Book-Entry
    Shares</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt"><FONT STYLE="font-size: 10pt">2.2(b)</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in"><FONT STYLE="font-size: 10pt">Business
    Day</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt"><FONT STYLE="font-size: 10pt">8.4(d)</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in"><FONT STYLE="font-size: 10pt">Cancelled
    Share</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt"><FONT STYLE="font-size: 10pt">2.1(c)</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in"><FONT STYLE="font-size: 10pt">Certificate
    of First Merger</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt"><FONT STYLE="font-size: 10pt">1.6(a)</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in"><FONT STYLE="font-size: 10pt">Certificate
    of Second Merger</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt"><FONT STYLE="font-size: 10pt">1.6(b)</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in"><FONT STYLE="font-size: 10pt">Certificates</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt"><FONT STYLE="font-size: 10pt">2.2(b)</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in"><FONT STYLE="font-size: 10pt">Charter
    Amendment</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt"><FONT STYLE="font-size: 10pt">Recitals</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in"><FONT STYLE="font-size: 10pt">Charter
    Amendment Effective Time</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt"><FONT STYLE="font-size: 10pt">1.5</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in"><FONT STYLE="font-size: 10pt">Charter
    Saturn Stockholder Approval</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt"><FONT STYLE="font-size: 10pt">8.4(e)</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in"><FONT STYLE="font-size: 10pt">Closing</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt"><FONT STYLE="font-size: 10pt">1.4</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in"><FONT STYLE="font-size: 10pt">Closing
    Cash</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt"><FONT STYLE="font-size: 10pt">8.4(f)</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in"><FONT STYLE="font-size: 10pt">Closing
    Date</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt"><FONT STYLE="font-size: 10pt">1.4</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in"><FONT STYLE="font-size: 10pt">Closing
    Indebtedness</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt"><FONT STYLE="font-size: 10pt">8.4(g)</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in"><FONT STYLE="font-size: 10pt">Closing
    Net Indebtedness</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt"><FONT STYLE="font-size: 10pt">8.4(h)</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in"><FONT STYLE="font-size: 10pt">Closing
    Tax Opinions</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt"><FONT STYLE="font-size: 10pt">5.13(b)</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in"><FONT STYLE="font-size: 10pt">Code</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt"><FONT STYLE="font-size: 10pt">Recitals</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in"><FONT STYLE="font-size: 10pt">Confidentiality
    Agreement</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt"><FONT STYLE="font-size: 10pt">5.5(a)</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in"><FONT STYLE="font-size: 10pt">Contract</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt"><FONT STYLE="font-size: 10pt">8.4(i), 3.4(a)</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in"><FONT STYLE="font-size: 10pt">control</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt"><FONT STYLE="font-size: 10pt">8.4(j)</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in"><FONT STYLE="font-size: 10pt">DGCL</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt"><FONT STYLE="font-size: 10pt">1.1(a)</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in"><FONT STYLE="font-size: 10pt">Dispute
    Notice</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt"><FONT STYLE="font-size: 10pt">2.7(b)</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in"><FONT STYLE="font-size: 10pt">Disputed
    Items</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt"><FONT STYLE="font-size: 10pt">2.7(b)</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in"><FONT STYLE="font-size: 10pt">Effective
    Time</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt"><FONT STYLE="font-size: 10pt">1.6(a)</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in"><FONT STYLE="font-size: 10pt">ERISA</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt"><FONT STYLE="font-size: 10pt">8.4(n)</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in"><FONT STYLE="font-size: 10pt">Excess
    Shares</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt"><FONT STYLE="font-size: 10pt">1.1(b)</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in"><FONT STYLE="font-size: 10pt">Exchange
    Act</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt"><FONT STYLE="font-size: 10pt">3.4(b)</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in"><FONT STYLE="font-size: 10pt">Exchange
    Agent</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt"><FONT STYLE="font-size: 10pt">2.2(a)</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in"><FONT STYLE="font-size: 10pt">Exchange
    Fund</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt"><FONT STYLE="font-size: 10pt">2.2(a)</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in"><FONT STYLE="font-size: 10pt">Existing
    Bishop Holders</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt"><FONT STYLE="font-size: 10pt">1.1(b)</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in"><FONT STYLE="font-size: 10pt">F</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt"><FONT STYLE="font-size: 10pt">Recitals</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in"><FONT STYLE="font-size: 10pt">First
    Merger</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt"><FONT STYLE="font-size: 10pt">Recitals</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in"><FONT STYLE="font-size: 10pt">Form
    S-4</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt"><FONT STYLE="font-size: 10pt">8.4(k)</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in"><FONT STYLE="font-size: 10pt">Governmental
    Entity</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt"><FONT STYLE="font-size: 10pt">3.4(b)</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in"><FONT STYLE="font-size: 10pt">Halley</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt"><FONT STYLE="font-size: 10pt">Preamble</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in"><FONT STYLE="font-size: 10pt">Halley
    Bylaws</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt"><FONT STYLE="font-size: 10pt">4.1(b)</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in"><FONT STYLE="font-size: 10pt">Halley
    Capitalization Certificate</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt"><FONT STYLE="font-size: 10pt">2.8</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in"><FONT STYLE="font-size: 10pt">Halley
    Charter</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt"><FONT STYLE="font-size: 10pt">4.1(b)</FONT></TD></TR>
</TABLE>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0">&nbsp;</P>

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

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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>INDEX
OF DEFINED TERMS</B></FONT></P>

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


<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 11pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="width: 50%"><FONT STYLE="font-size: 10pt"><U>Definition</U></FONT></TD>
    <TD STYLE="width: 50%; text-align: right"><FONT STYLE="font-size: 10pt"><U>Location</U></FONT></TD></TR>
</TABLE>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%">
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in; width: 80%"><FONT STYLE="font-size: 10pt">Halley
    Closing Certificate</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt; width: 20%"><FONT STYLE="font-size: 10pt">2.7(a)</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in"><FONT STYLE="font-size: 10pt">Halley
    Common Stock</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt"><FONT STYLE="font-size: 10pt">Recitals</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in"><FONT STYLE="font-size: 10pt">Halley
    D&amp;O Indemnified Parties</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt"><FONT STYLE="font-size: 10pt">5.10(b)</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in"><FONT STYLE="font-size: 10pt">Halley
    D&amp;O Insurance</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt"><FONT STYLE="font-size: 10pt">5.10(d)</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in"><FONT STYLE="font-size: 10pt">Halley
    Disclosure Letter</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt"><FONT STYLE="font-size: 10pt">Article IV</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in"><FONT STYLE="font-size: 10pt">Halley
    Equity Awards</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt"><FONT STYLE="font-size: 10pt">2.4(c)</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in"><FONT STYLE="font-size: 10pt">Halley
    Final Unpaid Transaction Expenses</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt"><FONT STYLE="font-size: 10pt">8.4(l)</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in"><FONT STYLE="font-size: 10pt">Halley
    Financial Advisor</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt"><FONT STYLE="font-size: 10pt">4.16</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in"><FONT STYLE="font-size: 10pt">Halley
    Material Adverse Effect</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt"><FONT STYLE="font-size: 10pt">8.4(m)</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in"><FONT STYLE="font-size: 10pt">Halley
    Measurement Date</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt"><FONT STYLE="font-size: 10pt">4.2(a)</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in"><FONT STYLE="font-size: 10pt">Halley
    Plans</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt"><FONT STYLE="font-size: 10pt">8.4(n)</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in"><FONT STYLE="font-size: 10pt">Halley
    Preferred Stock</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt"><FONT STYLE="font-size: 10pt">Recitals</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in"><FONT STYLE="font-size: 10pt">Halley
    Recommendation</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt"><FONT STYLE="font-size: 10pt">5.4(c)</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in"><FONT STYLE="font-size: 10pt">Halley
    Restricted Stock Award</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt"><FONT STYLE="font-size: 10pt">2.4(b)</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in"><FONT STYLE="font-size: 10pt">Halley
    SEC Documents</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt"><FONT STYLE="font-size: 10pt">4.6(a)</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in"><FONT STYLE="font-size: 10pt">Halley
    Share Adjustment</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt"><FONT STYLE="font-size: 10pt">8.4(o)</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in"><FONT STYLE="font-size: 10pt">Halley
    Share Consolidation Ratio</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt"><FONT STYLE="font-size: 10pt">8.4(p)</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in"><FONT STYLE="font-size: 10pt">Halley
    Stock Option</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt"><FONT STYLE="font-size: 10pt">2.4(a)</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in"><FONT STYLE="font-size: 10pt">Halley
    Stockholder Approval</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt"><FONT STYLE="font-size: 10pt">8.4(q)</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in"><FONT STYLE="font-size: 10pt">Halley
    Stockholders Meeting</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt"><FONT STYLE="font-size: 10pt">8.4(r)</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in"><FONT STYLE="font-size: 10pt">Halley
    Support Agreement</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt"><FONT STYLE="font-size: 10pt">Recitals</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in"><FONT STYLE="font-size: 10pt">Halley
    Supporting Stockholder</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt"><FONT STYLE="font-size: 10pt">Recitals</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in"><FONT STYLE="font-size: 10pt">Halley
    Vested Restricted Stock Award Shares</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt"><FONT STYLE="font-size: 10pt">2.4(b)</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in"><FONT STYLE="font-size: 10pt">Halley
    Warrant</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt"><FONT STYLE="font-size: 10pt">2.4(a)</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in"><FONT STYLE="font-size: 10pt">Indebtedness</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt"><FONT STYLE="font-size: 10pt">8.4(s)</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in"><FONT STYLE="font-size: 10pt">Independent
    Designee</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt"><FONT STYLE="font-size: 10pt">1.3(a)</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in"><FONT STYLE="font-size: 10pt">Independent
    Designee Requirements</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt"><FONT STYLE="font-size: 10pt">8.4(t)</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in"><FONT STYLE="font-size: 10pt">Intervening
    Event</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt"><FONT STYLE="font-size: 10pt">5.3(c)</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in"><FONT STYLE="font-size: 10pt">Joint
    Proxy Statement/Prospectus</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt"><FONT STYLE="font-size: 10pt">8.4(u)</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in"><FONT STYLE="font-size: 10pt">L</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt"><FONT STYLE="font-size: 10pt">Recitals</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in"><FONT STYLE="font-size: 10pt">Law</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt"><FONT STYLE="font-size: 10pt">3.4(a)</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in"><FONT STYLE="font-size: 10pt">Liens</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt"><FONT STYLE="font-size: 10pt">4.3</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in"><FONT STYLE="font-size: 10pt">LLC Act</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt"><FONT STYLE="font-size: 10pt">1.2</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in"><FONT STYLE="font-size: 10pt">Merger</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt"><FONT STYLE="font-size: 10pt">Recitals, Recitals</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in"><FONT STYLE="font-size: 10pt">Merger
    Consideration</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt"><FONT STYLE="font-size: 10pt">2.1(b)</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in"><FONT STYLE="font-size: 10pt">Merger
    Sub</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt"><FONT STYLE="font-size: 10pt">Preamble</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in"><FONT STYLE="font-size: 10pt">Merger
    Sub 1</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt"><FONT STYLE="font-size: 10pt">Preamble</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in"><FONT STYLE="font-size: 10pt">Merger
    Sub 2</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt"><FONT STYLE="font-size: 10pt">Preamble</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in"><FONT STYLE="font-size: 10pt">Merger
    Sub Stockholder Approval</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt"><FONT STYLE="font-size: 10pt">8.4(v)</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in"><FONT STYLE="font-size: 10pt">Multiemployer
    Plan(s)</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt"><FONT STYLE="font-size: 10pt">8.4(n)</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in"><FONT STYLE="font-size: 10pt">New Halley
    PSU Award</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt"><FONT STYLE="font-size: 10pt">2.3(c)</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in"><FONT STYLE="font-size: 10pt">New Halley
    Restricted Stock Award</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt"><FONT STYLE="font-size: 10pt">2.3(a)</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in"><FONT STYLE="font-size: 10pt">New Halley
    RSU Award</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt"><FONT STYLE="font-size: 10pt">2.3(b)</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in"><FONT STYLE="font-size: 10pt">Notice
    Period</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt"><FONT STYLE="font-size: 10pt">36</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in"><FONT STYLE="font-size: 10pt">NYSE</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt"><FONT STYLE="font-size: 10pt">8.4(w)</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in"><FONT STYLE="font-size: 10pt">Ordinary
    Course</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt"><FONT STYLE="font-size: 10pt">8.4(x)</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in"><FONT STYLE="font-size: 10pt">Outside
    Date</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt"><FONT STYLE="font-size: 10pt">7.1(b)(i)</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in"><FONT STYLE="font-size: 10pt">Person</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt"><FONT STYLE="font-size: 10pt">8.4(y)</FONT></TD></TR>
</TABLE>

<P STYLE="margin: 0">&nbsp;</P>

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

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>INDEX
OF DEFINED TERMS</B></FONT></P>

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


<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 11pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="width: 50%"><FONT STYLE="font-size: 10pt"><U>Definition</U></FONT></TD>
    <TD STYLE="width: 50%; text-align: right"><FONT STYLE="font-size: 10pt"><U>Location</U></FONT></TD></TR>
</TABLE>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"></FONT></P>


<P STYLE="margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%">
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in; width: 80%"><FONT STYLE="font-size: 10pt">Post-Closing
    Registration Rights Agreement</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt; width: 20%"><FONT STYLE="font-size: 10pt">Recitals</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in"><FONT STYLE="font-size: 10pt">Post-Closing
    Stockholders Agreement</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt"><FONT STYLE="font-size: 10pt">Recitals</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in"><FONT STYLE="font-size: 10pt">Pre-Closing
    Outstanding Halley Shares</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt"><FONT STYLE="font-size: 10pt">8.4(z)</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in"><FONT STYLE="font-size: 10pt">Representatives</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt"><FONT STYLE="font-size: 10pt">5.3(a)</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in"><FONT STYLE="font-size: 10pt">Reverse
    Split</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt"><FONT STYLE="font-size: 10pt">Recitals</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in"><FONT STYLE="font-size: 10pt">Reverse
    Split Time</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt"><FONT STYLE="font-size: 10pt">1.1(b)</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in"><FONT STYLE="font-size: 10pt">Saturn</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt"><FONT STYLE="font-size: 10pt">Preamble</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in"><FONT STYLE="font-size: 10pt">Saturn
    Bylaws</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt"><FONT STYLE="font-size: 10pt">3.1(b)</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in"><FONT STYLE="font-size: 10pt">Saturn
    Charter</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt"><FONT STYLE="font-size: 10pt">3.1(b)</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in"><FONT STYLE="font-size: 10pt">Saturn
    Common Stock</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt"><FONT STYLE="font-size: 10pt">Recitals</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in"><FONT STYLE="font-size: 10pt">Saturn
    D&amp;O Indemnified Parties</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt"><FONT STYLE="font-size: 10pt">5.10(a)</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in"><FONT STYLE="font-size: 10pt">Saturn
    D&amp;O Insurance</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt"><FONT STYLE="font-size: 10pt">5.10(c)</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in"><FONT STYLE="font-size: 10pt">Saturn
    Disclosure Letter</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt"><FONT STYLE="font-size: 10pt"><U>Article III</U></FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in"><FONT STYLE="font-size: 10pt">Saturn
    Equity Awards</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt"><FONT STYLE="font-size: 10pt">2.3(d)</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in"><FONT STYLE="font-size: 10pt">Saturn
    Fees</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt"><FONT STYLE="font-size: 10pt">7.3</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in"><FONT STYLE="font-size: 10pt">Saturn
    Material Adverse Effect</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt"><FONT STYLE="font-size: 10pt">8.4(aa)</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in"><FONT STYLE="font-size: 10pt">Saturn
    Measurement Date</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt"><FONT STYLE="font-size: 10pt">3.2(a)</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in"><FONT STYLE="font-size: 10pt">Saturn
    Plans</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt"><FONT STYLE="font-size: 10pt">8.4(bb)</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in"><FONT STYLE="font-size: 10pt">Saturn
    Preferred Stock</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt"><FONT STYLE="font-size: 10pt">3.2(a)</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in"><FONT STYLE="font-size: 10pt">Saturn
    PSU Award</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt"><FONT STYLE="font-size: 10pt">2.3(c)</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in"><FONT STYLE="font-size: 10pt">Saturn
    Recommendation</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt"><FONT STYLE="font-size: 10pt">5.4(b)</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in"><FONT STYLE="font-size: 10pt">Saturn
    Requisite Stockholder Approvals</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt"><FONT STYLE="font-size: 10pt">8.4(cc)</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in"><FONT STYLE="font-size: 10pt">Saturn
    Restricted Stock Award</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt"><FONT STYLE="font-size: 10pt">2.3(a)</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in"><FONT STYLE="font-size: 10pt">Saturn
    RSU Award</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt"><FONT STYLE="font-size: 10pt">2.3(b)</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in"><FONT STYLE="font-size: 10pt">Saturn
    SEC Documents</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt"><FONT STYLE="font-size: 10pt">3.6(a)</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in"><FONT STYLE="font-size: 10pt">Saturn
    Stockholder Approval</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt"><FONT STYLE="font-size: 10pt">8.4(dd)</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in"><FONT STYLE="font-size: 10pt">Saturn
    Stockholders Agreement</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt"><FONT STYLE="font-size: 10pt">5.17(a)</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in"><FONT STYLE="font-size: 10pt">Saturn
    Stockholders Meeting</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt"><FONT STYLE="font-size: 10pt">8.4(ee)</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in"><FONT STYLE="font-size: 10pt">Saturn
    Support Agreement</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt"><FONT STYLE="font-size: 10pt">Recitals</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in"><FONT STYLE="font-size: 10pt">Saturn
    VWAP</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt"><FONT STYLE="font-size: 10pt">8.4(ff)</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in"><FONT STYLE="font-size: 10pt">SEC</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt"><FONT STYLE="font-size: 10pt">8.4(gg)</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in"><FONT STYLE="font-size: 10pt">Second
    Merger</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt"><FONT STYLE="font-size: 10pt">Recitals</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in"><FONT STYLE="font-size: 10pt">Second
    Merger Effective Time</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt"><FONT STYLE="font-size: 10pt">1.6(b)</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in"><FONT STYLE="font-size: 10pt">Second
    Merger Opt-Out Condition</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt"><FONT STYLE="font-size: 10pt">5.13(f)</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in"><FONT STYLE="font-size: 10pt">Securities
    Act</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt"><FONT STYLE="font-size: 10pt">3.4(b)</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in"><FONT STYLE="font-size: 10pt">Share
    Issuance</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt"><FONT STYLE="font-size: 10pt">8.4(hh)</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in"><FONT STYLE="font-size: 10pt">Special
    Committee</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt"><FONT STYLE="font-size: 10pt">Recitals</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in"><FONT STYLE="font-size: 10pt">Special
    Committee Financial Advisor</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt"><FONT STYLE="font-size: 10pt">3.12</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in"><FONT STYLE="font-size: 10pt">Subsidiary</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt"><FONT STYLE="font-size: 10pt">8.4(ii)</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in"><FONT STYLE="font-size: 10pt">Superior
    Proposal</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt"><FONT STYLE="font-size: 10pt">5.3(g)</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in"><FONT STYLE="font-size: 10pt">Surviving
    Company</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt"><FONT STYLE="font-size: 10pt">1.2</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in"><FONT STYLE="font-size: 10pt">Surviving
    Corporation</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt"><FONT STYLE="font-size: 10pt">1.2</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in"><FONT STYLE="font-size: 10pt">Surviving
    Corporation Bylaws</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt"><FONT STYLE="font-size: 10pt">1.8(b)</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in"><FONT STYLE="font-size: 10pt">Surviving
    Corporation Charter</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt"><FONT STYLE="font-size: 10pt">1.8(a)</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in"><FONT STYLE="font-size: 10pt">Takeover
    Laws</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt"><FONT STYLE="font-size: 10pt">3.11</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in"><FONT STYLE="font-size: 10pt">Tax</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt"><FONT STYLE="font-size: 10pt">8.4(jj)</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in"><FONT STYLE="font-size: 10pt">Tax Counsel</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt"><FONT STYLE="font-size: 10pt">8.4(kk)</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in"><FONT STYLE="font-size: 10pt">Tax Return</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt"><FONT STYLE="font-size: 10pt">8.4(ll)</FONT></TD></TR>
</TABLE>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0">&nbsp;</P>

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

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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>INDEX
OF DEFINED TERMS</B></FONT></P>

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


<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 11pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="width: 50%"><FONT STYLE="font-size: 10pt"><U>Definition</U></FONT></TD>
    <TD STYLE="width: 50%; text-align: right"><FONT STYLE="font-size: 10pt"><U>Location</U></FONT></TD></TR>
</TABLE>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


<P STYLE="margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%">
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in; width: 80%"><FONT STYLE="font-size: 10pt">Taxes</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt; width: 20%"><FONT STYLE="font-size: 10pt">8.4(jj)</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in"><FONT STYLE="font-size: 10pt">Taxing
    Authority</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt"><FONT STYLE="font-size: 10pt">8.4(mm)</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in"><FONT STYLE="font-size: 10pt">Transfer
    Agent</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt"><FONT STYLE="font-size: 10pt">1.1(b)</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in"><FONT STYLE="font-size: 10pt">Unadjusted
    Saturn Shares Held by Halley</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt"><FONT STYLE="font-size: 10pt">8.4(nn)</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in"><FONT STYLE="font-size: 10pt">Unaffiliated
    Saturn Stockholder Approval</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt"><FONT STYLE="font-size: 10pt">8.4(oo)</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-left: 0in"><FONT STYLE="font-size: 10pt">Unaffiliated
    Saturn Stockholders</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in"><FONT STYLE="font-size: 10pt">8.4(pp)</FONT></TD></TR>
</TABLE>


<P STYLE="margin: 0; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="margin: 0; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

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<P STYLE="margin: 0; text-align: right"><FONT STYLE="font-size: 10pt"></FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt">AGREEMENT
AND PLAN OF MERGER</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">This
AGREEMENT AND PLAN OF MERGER (as hereinafter amended, modified or changed from time to time in accordance with the terms hereof,
this &ldquo;<U>Agreement</U>&rdquo;), dated as of February 24, 2018 is by and among HRG Group, Inc., a Delaware corporation (&ldquo;<U>Halley</U>&rdquo;),
HRG SPV Sub I, Inc., a Delaware corporation and a direct wholly owned Subsidiary of Halley (&ldquo;<U>Merger Sub 1</U>&rdquo;),
HRG SPV Sub II, LLC., a Delaware limited liability company and a direct wholly owned Subsidiary of Halley (&ldquo;<U>Merger Sub
2</U>&rdquo;, and together with Merger Sub 1, &ldquo;<U>Merger Sub</U>&rdquo;) and Spectrum Brands Holdings, Inc., a Delaware
corporation (&ldquo;<U>Saturn</U>&rdquo;).</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt">RECITALS</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">WHEREAS,
the parties hereto wish to effect a business combination by means of (i) an amendment and restatement of the certificate of incorporation
of Halley (the &ldquo;<U>Charter Amendment</U>&rdquo;) pursuant to which among other things, the corporate name of Halley will,
at or as soon as practicable following the Effective Time, change to &ldquo;Spectrum Brands Holdings, Inc.&rdquo;, the share of
preferred stock, par value $0.01 per share, of Halley (the &ldquo;<U>Halley Preferred Stock</U>&rdquo;) will automatically be
cancelled without any action by the holder thereof and each issued and outstanding share of common stock, par value $0.01 per
share, of Halley (the &ldquo;<U>Halley Common Stock</U>&rdquo;) will, by means of a reverse stock split (the &ldquo;<U>Reverse
Split</U>&rdquo;), be combined into a fraction of a share of Halley Common Stock equal to the Halley Share Consolidation Ratio;
(ii) immediately following the effectiveness of the Reverse Split, Merger Sub 1 will be merged with and into Saturn (the &ldquo;<U>First
Merger</U>&rdquo; and, if the Second Merger Opt-Out Condition has occurred, the &ldquo;<U>Merger</U>&rdquo;) pursuant to which
Saturn will survive as a wholly owned subsidiary of Halley and, except as set forth herein, each issued and outstanding share
of common stock, par value $0.01 per share, of Saturn (the &ldquo;<U>Saturn Common Stock</U>&rdquo;) will be converted into the
right to receive one share of Halley Common Stock, all on the terms and subject to the conditions set forth herein and therein;
and (iii) immediately following the effectiveness of the First Merger, if the Second Merger Opt-Out Condition has not occurred,
the surviving entity of the First Merger will merge with and into Merger Sub 2 (the &ldquo;<U>Second Merger</U>&rdquo; and, if
the Second Merger Opt-Out Condition has not occurred, collectively with the First Merger, the &ldquo;<U>Merger</U>&rdquo; ) pursuant
to which Merger Sub 2 will survive as a wholly owned subsidiary of Halley;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">WHEREAS,
as of the date of this Agreement, Halley and its Subsidiaries beneficially own, directly or indirectly, 34,339,752 shares of Saturn
Common Stock;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">WHEREAS,
for U.S. federal income tax purposes, the Merger is intended to qualify as a &ldquo;reorganization&rdquo; within the meaning of
Section 368(a) of the Internal Revenue Code of 1986 (the &ldquo;<U>Code</U>&rdquo;), and this Agreement is intended to constitute,
and is hereby adopted by Halley, Merger Sub and Saturn as, a &ldquo;plan of reorganization&rdquo; within the meaning of Treasury
Regulations Sections 1.368-2(g) and 1.368-3(a) for purposes of Sections 368, 354 and 361 of the Code;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">WHEREAS,
the respective boards of directors of each of Halley, Merger Sub and Saturn, and in the case of Saturn acting upon the unanimous
recommendation of a special committee of the Saturn board of directors consisting only of independent and disinterested directors
of Saturn (the &ldquo;<U>Special Committee</U>&rdquo;), have approved this Agreement and the <FONT STYLE="font-size: 10pt">transactions
contemplated hereby, determined that the Agreement, the Merger, the Charter Amendment, the Share Issuance and the other transactions
contemplated hereby are advisable, fair to and in the best interests of the respective stockholders or members of Halley, Merger
Sub and Saturn, as applicable, and resolved, subject to the terms and conditions set forth in this Agreement, to recommend adoption
of this Agreement and approval of the </FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: left"><FONT STYLE="font-size: 10pt">Charter
Amendment and Share Issuance by the respective stockholders or members of Halley, Merger Sub and Saturn, as applicable;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">WHEREAS,
Halley, Merger Sub and Saturn desire to make certain representations, warranties, covenants and agreements in connection with
the Charter Amendment, the Merger and the other transactions contemplated hereby and also to prescribe certain conditions precedent
to the Charter Amendment and the Merger as specified herein;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">WHEREAS,
concurrently with the execution and delivery of this Agreement, and as a condition to the willingness of Saturn to enter into
this Agreement, certain holders of shares of Halley Common Stock (each, a &ldquo;<U>Halley Supporting Stockholder</U>&rdquo;)
are entering into voting and support agreements with Halley (each a &ldquo;<U>Halley Support Agreement</U>&rdquo;) pursuant to
which, among other things, each of the Halley Supporting Stockholders is agreeing, subject to the terms of the applicable Halley
Support Agreement, to vote all shares of Halley Common Stock owned by such Halley Supporting Stockholder in favor of the Charter
Amendment (as the components thereof may be combined or separately required to be proposed or presented) and the Share Issuance;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">WHEREAS,
concurrently with the execution and delivery of this Agreement, and as a condition to the willingness of Saturn to enter into
this Agreement, Halley is entering into a voting and support agreement with Saturn (the &ldquo;<U>Saturn Support Agreement</U>&rdquo;)
pursuant to which, among other things, Halley is agreeing, subject to the terms of the Saturn Support Agreement, to vote all shares
of Saturn Common Stock owned by Halley in favor of the adoption of this Agreement;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">WHEREAS,
concurrently with the execution and delivery of this Agreement, and as a condition to the willingness of the parties to enter
into this Agreement, Halley and Leucadia National Corporation (&ldquo;<U>L</U>&rdquo;) are executing a stockholders agreement
(the &ldquo;<U>Post-Closing Stockholders Agreement</U>&rdquo;), to be effective as of the Closing, setting forth certain rights
and obligations of Halley and L after the Closing; and</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">WHEREAS,
at or prior to the Closing, and as a condition to the willingness of the parties to enter into this Agreement, Halley, L and CF
Turul LLC (&ldquo;<U>F</U>&rdquo;) will execute a registration rights agreement substantially in the form attached hereto as <U>Exhibit
E</U> (the &ldquo;<U>Post-Closing Registration Rights Agreement</U>&rdquo;), setting forth certain rights and obligations of Halley,
L and F after the Closing.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">NOW,
THEREFORE, in consideration of the premises, and of the representations, warranties, covenants and agreements contained herein,
and intending to be legally bound hereby, Halley, Merger Sub and Saturn hereby agree as follows:</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>




<P STYLE="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><FONT STYLE="font-size: 10pt; text-transform: uppercase">Article
I </FONT><FONT STYLE="font-size: 10pt"><BR>
CLOSING TRANSACTIONS</FONT></P>

<P STYLE="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section
1.1<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Charter Amendment</U>.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Upon the terms and subject to the conditions set forth in this Agreement and in accordance with the General Corporation
Law of the State of Delaware (&ldquo;<U>DGCL</U>&rdquo;), at the Charter Amendment Effective Time, the certificate of incorporation
of Halley shall be amended and restated to read in its entirety as set forth on <U>Exhibit A</U> (the &ldquo;<U>Amended and Restated
Halley Charter</U>&rdquo;). The certificate of incorporation of Halley, as so amended and restated, shall be the certificate of
incorporation of Halley from and after the Charter Amendment Effective Time until thereafter amended in accordance with its terms
and the DGCL, subject to <U>Section 5.10</U>.</FONT></P>

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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt"></FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Immediately after the Charter Amendment Effective Time (such time immediately after the Charter Amendment Effective Time,
the &ldquo;<U>Reverse Split Time</U>&rdquo;), by virtue of the Charter Amendment and without any action on the part of Saturn,
Halley, Merger Sub or the holders of any shares of capital stock of Saturn or Halley, the Reverse Split shall be effected as provided
in the Amended and Restated Halley Charter whereby each share of Halley Common Stock then issued and outstanding (including the
shares of Halley Common Stock issued in connection with the exercise of Halley Stock Options or Halley Warrants prior to the Reverse
Split Time and Halley Vested Restricted Stock Award Shares) shall be combined into a fraction of a share of Halley Common Stock
equal to the Halley Share Consolidation Ratio. In the event that, as a result of the Reverse Split, a stockholder of Halley would
hold a fractional share of Halley Common Stock (after aggregating all fractional shares that would be held by such stockholder
after giving effect to the Reverse Split), such stockholder&rsquo;s fractional share shall be sold, and the proceeds therefrom
remitted to such stockholder, as follows: As promptly as practicable following the Charter Amendment Effective Time, Halley&rsquo;s
existing transfer agent or another transfer agent designated by Halley (the &ldquo;<U>Transfer Agent</U>&rdquo;) shall determine
the aggregate number of shares of Halley Common Stock stockholders of Halley comprising the fractional shares of Halley Common
Stock to be sold pursuant to this sentence (such excess shares being herein referred to as the &ldquo;<U>Excess Shares</U>&rdquo;).
As promptly as practicable following the Charter Amendment Effective Time, the Transfer Agent, as agent for such stockholders
(the &ldquo;<U>Existing Halley Holders</U>&rdquo;), shall sell the Excess Shares at then-prevailing prices on the NYSE, all in
the manner provided herein. The sale of the Excess Shares by the Transfer Agent shall be executed on the NYSE and shall be executed
in round lots to the extent practicable. Until the net proceeds of any such sale or sales have been distributed to Existing Halley
Holders, the Transfer Agent shall hold such proceeds in trust for such Existing Halley Holders. The net proceeds of any such sale
or sales of Excess Shares shall be remitted to Existing Halley Holders, reduced by any and all commissions, transfer taxes and
other out-of-pocket transaction costs, as well as any expenses, of the Transfer Agent incurred in connection with such sale or
sales. The Transfer Agent shall determine the portion of such net proceeds to which each Existing Halley Holder shall be entitled,
if any, by multiplying the amount of the aggregate net proceeds by a fraction, the numerator of which is the amount of the fractional
share interest to which such Existing Halley Holder is entitled (after taking into account all shares of Halley Common Stock held
by such Existing Halley Holder immediately prior to the effectuation of the Reverse Split and rounded to the nearest thousandth
when expressed in decimal form) and the denominator of which is the aggregate number of Excess Shares. As soon as practicable
after the determination of the amount of cash, if any, to be remitted to Existing Halley Holders with respect to any fractional
share interests, the Transfer Agent shall promptly remit such amounts to such holders subject to and in accordance with the foregoing.
No dividends or other distributions with respect to Halley Common Stock shall be payable on or with respect to any such fractional
share interest, and such fractional share interests shall not entitle the owner thereof to vote or to any other rights of a stockholder
of Halley. The remittance of cash proceeds from the sale of such fractional shares of Halley Common Stock is not a separately
bargained-for consideration and solely represents a mechanical rounding-off of the fractions as a result of the Reverse Split.
From and after the Reverse Split Time, certificates that represented shares of Halley Common Stock prior to the Reverse Split
Time shall, until presented for exchange, represent only the number of shares of Halley Common Stock into which such shares were
combined pursuant to the Reverse Split.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section
1.2<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>The Merger</U>. Following the Reverse Split Time, upon the terms and subject to the satisfaction or, to the extent permitted
by Law, waiver of the conditions set forth in this Agreement, and in accordance with the DGCL, pursuant to <U>Section 1.6</U>,
at the Effective Time, Merger Sub 1 shall be merged with and into Saturn, whereupon the separate existence of Merger Sub 1 will
cease, with Saturn continuing as the surviving corporation (Saturn, as the surviving corporation in the First Merger, sometimes
being referred to herein as the &ldquo;<U>Surviving Corporation</U>&rdquo;), such that immediately following the First Merger,
the Surviving Corporation will be a direct wholly owned Subsidiary of Halley. The First Merger shall have the effects provided
in this Agreement and as specified in the DGCL. Following the</FONT></P>

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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt"> Effective Time, but only if the Second Merger Opt-Out Condition
has not occurred, upon the terms and subject to the satisfaction or, to the extent permitted by Law, waiver of the conditions
set forth in this Agreement, and in accordance with the DGCL and the Limited Liability Company Act of the State of Delaware (the
&ldquo;<U>LLC Act</U>&rdquo; ), pursuant to <U>Section 1.6</U>, at the Second Merger Effective Time, the Surviving Corporation
shall be merged with and into Merger Sub 2, whereupon the separate existence of the Surviving Corporation will cease, with Merger
Sub 2 continuing as the surviving company (Merger Sub 2, as the surviving company in the Second Merger, sometimes being referred
to herein as the &ldquo;<U>Surviving Company</U>&rdquo;), such that immediately following the Merger, the Surviving Company will
be a direct wholly owned Subsidiary of Halley. The Second Merger shall have the effects provided in this Agreement and as specified
in the DGCL and the LLC Act.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section
1.3<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Post-Closing Governance</U>.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Prior to the Closing, Halley shall take all action necessary (including obtaining all necessary director resignations)
so that, as of the Effective Time, the board of directors of Halley will consist solely of (i) Kenneth C. Ambrecht, Norman S.
Matthews, David M. Maura, Terry L. Polistina, Hugh R. Rovit, Andreas Rouv&eacute; and Joseph S. Steinberg (or if such person is
unable or unwilling to serve as a member of the board of directors of Halley at the Effective Time as a result of illness, death,
resignation, removal or any other reason, then the person who succeeded such person as a director of Saturn prior to the First
Merger), each to be a member of the class of the board of directors of Halley set forth opposite such Person&rsquo;s name in the
Amended and Restated Halley Charter; and (ii) an individual designated by L (the &ldquo;<U>Independent Designee</U>&rdquo;) who
satisfies the Independent Designee Requirements and which such individual shall be a member of Class III (as such term is used
in the Amended and Restated Halley Charter). Each of the individuals who is or becomes a director of Halley as of the Effective
Time in accordance with the foregoing shall continue as a director of Halley from and after the Effective Time until the earlier
of his or her death, resignation or removal or the time at which his or her successor is duly elected and qualified (and in the
case of Mr. Steinberg and the Independent Designee, in accordance with the Post-Closing Stockholders Agreement).</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Prior to the Closing, Halley shall take all action necessary so that, as of the Effective Time, the officers of Saturn
immediately prior to the Effective Time shall be the officers of Halley immediately following the Effective Time (or if any such
individual is unwilling or unable to so serve as an officer of Halley, a replacement designated by Saturn).</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Prior to the Closing, the board of directors of Halley shall take all action necessary so that, as of the Effective Time,
the bylaws of Halley shall have been amended and restated to read in their entirety as set forth on <U>Exhibit B</U> hereto. The
bylaws of Halley, as so amended and restated, shall be the bylaws of Halley from and after the Effective Time until thereafter
amended in accordance with its terms, the certificate of incorporation of Halley and the DGCL, subject to <U>Section 5.10</U>.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The parties agree that, from and after the Effective Time, the NYSE ticker symbol for the shares of Halley Common Stock
will be Saturn&rsquo;s ticker symbol as of the date hereof.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section
1.4<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Closing</U>. Upon the terms and subject to the conditions set forth in this Agreement, the closing of the First Merger
(the &ldquo;<U>Closing</U>&rdquo;) shall take place at the offices of Kirkland &amp; Ellis LLP, 601 Lexington Avenue, New York,
New York 10022, at 10:00 a.m., New York City time, on the third (3rd) Business Day following the satisfaction or, to the extent
permitted by applicable Law, waiver by the applicable party of the conditions set forth in <U>Article VI</U> (other than those
conditions that by their terms or nature are to be satisfied at the Closing, but subject to the satisfaction or, to the extent
permitted by applicable Law, waiver by the applicable party of those conditions at such time), or at such </FONT></P>

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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">other place, time and
date as shall be agreed to in writing by Halley and Saturn. The date on which the Closing actually occurs is referred to in this
Agreement as the &ldquo;<U>Closing Date</U>.&rdquo;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section
1.5<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Charter Amendment Effective Time</U>. Upon the terms and subject to the conditions set forth in this Agreement, on the
Closing Date, Halley shall cause the Amended and Restated Halley Charter to be duly executed and filed with the Secretary of State
of the State of Delaware in accordance with Sections 242 and 245 and the other applicable provisions of the DGCL. The Charter
Amendment shall become effective prior to, and subject to the occurrence of, the Effective Time or at such other time as Halley
and Saturn shall agree in writing (the effective time of the Charter Amendment is referred to as the &ldquo;<U>Charter Amendment
Effective Time</U>&rdquo;).</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section
1.6<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Effective Times</U>. (a) Upon the terms and subject to the conditions set forth in this Agreement, on the Closing Date,
the parties shall cause a certificate of merger with respect to the First Merger (the &ldquo;<U>Certificate of First Merger</U>&rdquo;)
to be duly executed and filed with the Secretary of State of the State of Delaware as provided under the DGCL and make any other
filings, recordings or publications required to be made by Saturn or Merger Sub 1 under the DGCL in connection with the First
Merger. The First Merger shall become effective at such time as the Certificate of First Merger is duly filed with the Secretary
of State of the State of Delaware or on such later date and time as shall be agreed to by Saturn and Halley and specified in the
Certificate of First Merger in accordance with the DGCL (the date and time at which the First Merger becomes effective being hereinafter
referred to as the &ldquo;<U>Effective Time</U>&rdquo;).</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Immediately following the Effective Time, but only if the Second Merger Opt-Out Condition has not occurred, the parties
will cause a certificate of merger with respect to the Second Merger (the &ldquo;<U>Certificate of Second Merger</U>&rdquo;) to
be duly executed and filed with the Secretary of State of the State of Delaware as provided under the DGCL and the LLC Act, and
make any other filings, recordings or publications required to be made by the Surviving Corporation or Merger Sub 2 under the
DGCL or LLC Act in connection with the Second Merger. The Second Merger shall become effective at such time as the Certificate
of Second Merger is duly filed with the Secretary of State of the State of Delaware or on such later date and time as shall be
agreed to by Saturn and Halley and specified in the Certificate of Second Merger in accordance with the DGCL and the LLC Act (the
date and time at which the Second Merger becomes effective being hereinafter referred to as the &ldquo;<U>Second Merger Effective
Time</U>&rdquo;).</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>




<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>At the Second Merger Effective Time (i) each share of the Surviving Corporation common stock outstanding immediately prior
to the Second Merger Effective Time shall be cancelled, and no consideration shall be paid with respect thereto, and (ii) the
limited liability company interests of Merger Sub 2 outstanding immediately prior to the Second Merger Effective Time shall remain
outstanding and shall constitute the only outstanding limited liability company interests of the Surviving Company.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section
1.7<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Effect of the Mergers</U>. The First Merger shall have the effects set forth in this Agreement and in the applicable
provisions of the DGCL. Without limiting the generality of the foregoing, at the Effective Time, all of the property, rights,
privileges, immunities, powers and franchises of Saturn shall vest in the Surviving Corporation, and all of the debts, liabilities
and duties of Saturn shall become the debts, liabilities and duties of the Surviving Corporation. The Second Merger shall have
the effects set forth in this Agreement and in the applicable provisions of the DGCL and the LLC Act. Without limiting the generality
of the foregoing, at the Second Merger Effective Time, all of the property, rights, privileges, immunities, powers and franchises
of the Surviving Corporation shall vest in the Surviving Company, and all of the debts, liabilities and duties of the Surviving
Corporation shall become the debts, liabilities and duties of the Surviving Company.</FONT></P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section
1.8<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Surviving Corporation/Company Governing Documents</U>.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>At the Effective Time, by virtue of the First Merger, the certificate of incorporation of Saturn shall be amended to read
in its entirety as set forth in <U>Exhibit C</U> hereto (the &ldquo;<U>Surviving Corporation Charter</U>&rdquo;). Such certificate
of incorporation, as so amended, shall be the certificate of incorporation of the Surviving Corporation from and after the Effective
Time until thereafter changed or amended as provided therein or by applicable Law, subject to <U>Section 5.10</U>.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>At the Effective Time, the bylaws of Saturn shall be amended and restated to read in their entirety substantially as set
forth on <U>Exhibit D</U> hereto (the &ldquo;<U>Surviving Corporation Bylaws</U>&rdquo;). Such bylaws, as so amended and restated,
shall be the bylaws of the Surviving Corporation from and after the Effective Time until thereafter changed or amended as provided
by Surviving Corporation Bylaws, by the Surviving Corporation Charter or by applicable Law, subject to <U>Section 5.10</U>.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>If the Second Merger Opt-Out Condition has not occurred, the certificate of formation and the limited liability company
agreement of Merger Sub 2 in effect immediately prior to the Second Merger Effective Time shall be the certificate of formation
and limited liability company agreement of the Surviving Company from and after the Second Merger Effective Time until thereafter
amended as provided therein or by applicable Law.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section
1.9<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Surviving Corporation/Company Directors, Officers and Managers</U>. At the Effective Time, the directors and officers
of the Surviving Corporation shall consist solely of the individuals designated for such roles by Saturn prior to the Closing.
Each of the individuals who is or becomes a director and/or officer of the Surviving Corporation as of the Effective Time in accordance
with the foregoing shall continue as a director and/or officer, as applicable, of the Surviving Corporation from and after the
Effective Time until the earlier of his or her death, resignation or removal or the time at which his or her successor is duly
elected or appointed and qualified. Halley shall take all actions necessary so that from and after the Second Merger Effective
Time, until the earlier of his or her death, resignation or removal or the time at which his or her successor is duly elected
or appointed and qualified, the directors and officers of the Surviving Corporation immediately prior to the Second Merger Effective
Time shall be the managers and officers, respectively, of the Surviving Company.</FONT></P>




<P STYLE="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><FONT STYLE="font-size: 10pt; text-transform: uppercase">Article
II </FONT><FONT STYLE="font-size: 10pt"><BR>
CONVERSION AND EXCHANGE OF SHARES IN THE FIRST MERGER</FONT></P>

<P STYLE="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section
2.1<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;</FONT><U>Conversion of Securities</U>. At the Effective Time, by virtue of the First Merger and without any action on the part
of Saturn, Halley, Merger Sub or the holders of any shares of capital stock of Saturn or Halley:</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Each share of common stock, par value $0.01 per share, of Merger Sub 1 issued and outstanding immediately prior to the
Effective Time shall thereupon be converted into one validly issued, fully paid and non-assessable share of common stock, par
value $0.01 per share, of the Surviving Corporation.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Each share of Saturn Common Stock issued and outstanding immediately prior to the Effective Time (other than Cancelled
Shares and subject to the limitation in <U>Section 2.1(e)</U>) shall thereupon be converted into the right to receive one validly
issued, fully paid and non-assessable share of Halley Common Stock (the &ldquo;<U>Merger Consideration</U>&rdquo;). The parties
hereto agree that the one-for-one exchange ratio and the Merger Consideration were determined assuming that the Reverse Split
shall have occurred prior to the First Merger.</FONT></P>

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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt"></FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Each share of Saturn Common Stock held in the treasury of Saturn or owned or held, directly or indirectly, by Halley or
any Subsidiary of Halley or Saturn immediately prior to the Effective Time (each such share, a &ldquo;<U>Cancelled Share</U>&rdquo;)
shall automatically be cancelled and shall cease to exist without any conversion thereof, and no consideration shall be delivered
in exchange therefor.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>All shares of Saturn Common Stock shall no longer be outstanding and shall automatically be cancelled and shall cease to
exist, and shall thereafter only represent the right to receive the applicable Merger Consideration payable pursuant to <U>Section
2.1(b)</U>, and any dividends or other distributions payable pursuant to <U>Section 2.2(e)</U>, in each case to be issued or paid
in accordance with <U>Section 2.2</U>, without interest, but subject to <U>Section 2.2(c)</U>.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(e)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Notwithstanding anything to the contrary in this Agreement, no Halley Common Stock shall be issued in the Merger to any
Saturn stockholder if as a result of such issuance such Saturn stockholder would become a Substantial Holder (as such term is
defined in Article XIII of the Amended and Restated Halley Charter in effect at the Effective Time); <U>provided</U> that, any
share of Halley Common Stock that would be issuable to any such Saturn stockholder but for the operation of this <U>Section 2.1(e)
</U>and the applicable provisions of Article XIII of the Amended and Restated Halley Charter in effect at the Effective Time shall
instead be treated as Excess Securities (as such term is defined in Article XIII of the Amended and Restated Halley Charter in
effect at the Effective Time) and be issued to the Agent (as such term is defined in Article XIII of the Amended and Restated
Halley Charter in effect at the Effective Time) and thereafter be disposed of by the Agent in accordance with Section 13(b)(ii)
of Article XIII of the Amended and Restated Halley Charter in effect at the Effective Time.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section
2.2<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Exchange and Payment</U>.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Prior to the Closing, Halley and Saturn shall jointly appoint a bank or trust company to act as exchange agent for the
payment of the Merger Consideration (the &ldquo;<U>Exchange Agent</U>&rdquo;). Prior to the Effective Time, and prior to filing
the Certificate of First Merger with the Secretary of State of the State of Delaware, Halley shall deposit (or cause to be deposited)
book-entry shares of Halley Common Stock representing the aggregate Merger Consideration with the Exchange Agent, in trust for
the benefit of holders of record of shares of Saturn Common Stock to be converted into the right to receive the Merger Consideration
pursuant to <U>Section 2.1(b)</U>. In addition, Halley shall make available by depositing with the Exchange Agent, as necessary
from time to time after the Effective Time, any dividends or distributions payable pursuant to <U>Section 2.2(e)</U>. In the event
such deposit shall be insufficient to make payments, Halley shall promptly deposit, or cause to be deposited, additional book-entry
shares of Halley Common Stock or funds, as applicable, with the Exchange Agent in an amount which is equal to the deficiency in
the amount required to make such payment. All book-entry shares of Halley Common Stock, dividends and distributions deposited
with the Exchange Agent are referred to in this Agreement as the &ldquo;<U>Exchange Fund</U>.&rdquo; The Exchange Fund shall not
be used for any purpose other than to fund payments pursuant to <U>Section 2.1</U> and <U>Section 2.2</U>, except as expressly
provided for in this Agreement.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Promptly after the Effective Time, Halley shall cause the Exchange Agent to mail to each holder of record of a certificate
(&ldquo;<U>Certificates</U>&rdquo;), and may cause the Exchange Agent to mail to each holder of a book-entry share (&ldquo;<U>Book-Entry
Shares</U>&rdquo;), in each case that immediately prior to the Effective Time represented outstanding shares of Saturn Common
Stock (i)&nbsp;a form of letter of transmittal (which shall specify that delivery shall be effected, and risk of loss and title
shall pass, only upon proper delivery of the Certificates to the Exchange Agent, or in the case of Book-Entry Shares, upon adherence
to the procedures set forth in the letter of transmittal, and which letter shall be in customary form and contain such other provisions
as Halley, Saturn and the Exchange Agent may reasonably specify) and </FONT></P>

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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">(ii)&nbsp;instructions for use in effecting the surrender
of Certificates or Book-Entry Shares in exchange for the Merger Consideration pursuant to <U>Section 2.1(b)</U> and any dividends
or other distributions payable pursuant to <U>Section 2.2(e)</U> (which instructions shall be in customary form and contain such
other provisions as Halley, Saturn and the Exchange Agent may reasonably specify). With respect to holders of Saturn Book-Entry
Shares, the parties shall cooperate to establish procedures with the Exchange Agent to allow the Exchange Agent to transmit, following
the Effective Time, to such holders or their nominees, upon surrender of Saturn Common Stock, the Merger Consideration and any
dividends or distributions, in each case, to which such holders are entitled pursuant to the terms of this Agreement.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Each holder of shares of Saturn Common Stock that have been converted into a right to receive the Merger Consideration
pursuant to <U>Section 2.1(b)</U>, upon proper surrender of a Certificate or Book-Entry Shares to the Exchange Agent, together
with such letter of transmittal, duly completed and validly executed in accordance with the instructions thereto, and such other
documents as the Exchange Agent may reasonably require, shall be entitled to receive in exchange therefor (i)&nbsp;the number
of shares of Halley Common Stock to which such holder of Saturn Common Stock shall have become entitled pursuant to the provisions
of <U>Section 2.1(b)</U> (as modified by <U>Section 2.1(e)</U>, if applicable) (which shall be in uncertificated book-entry form),
and (ii) an amount (if any) in immediately available funds, after giving effect to any required Tax withholdings as provided in
<U>Section 2.5</U>) of&nbsp;any dividends or other distributions payable pursuant to <U>Section 2.2(e)</U>, and the Certificate
or Book-Entry Shares so surrendered shall forthwith be cancelled. No interest will be paid or accrued on any Merger Consideration,
or any unpaid dividends and distributions, if any, payable to holders of Certificates or Book-Entry Shares. Halley shall cause
the Exchange Agent to make all payments required pursuant to the preceding sentence as soon as practicable following the valid
surrender of Certificates or Book-Entry Shares. Until surrendered as contemplated by this <U>Section 2.2</U>, each Certificate
or Book-Entry Share shall be deemed after the Effective Time to represent only the right to receive the Merger Consideration payable
pursuant to <U>Section 2.1(b)</U> (as modified by <U>Section 2.1(e)</U>, if applicable) in respect thereof and any dividends or
other distributions payable pursuant to <U>Section 2.2(e)</U>, but shall not entitle its holder or any other Person to any rights
as a stockholder of Saturn or Halley.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>If payment of the Merger Consideration is to be made to a Person other than the Person in whose name the surrendered Certificate
or Book-Entry Share is registered, it shall be a condition of payment that such Certificate so surrendered shall be properly endorsed
or shall be otherwise in proper form for transfer or such Book-Entry Share shall be properly transferred and that the Person requesting
such payment shall have paid any transfer and other Taxes required by reason of the payment of the Merger Consideration to a Person
other than the registered holder of such Certificate or Book-Entry Share or shall have established to the satisfaction of Halley
and the Exchange Agent that such Tax is not applicable.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(e)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>No dividends or other distributions with respect to Halley Common Stock with a record date after the Effective Time shall
be paid to the holder of any unsurrendered Certificate or Book-Entry Share with respect to the shares of Halley Common Stock that
the holder thereof has the right to receive upon the surrender thereof, until the holder thereof shall surrender such Certificate
or Book-Entry Share in accordance with this <U>Article II</U>. Following the proper surrender of a Certificate or Book-Entry Share
in accordance with this <U>Article II</U>, there shall be paid to the record holder thereof, without interest, in addition to
the Merger Consideration, (i) promptly following such surrender, the amount of any dividends or other distributions with a record
date after the Effective Time and payment date on or prior to the date of such surrender in respect of the whole shares of Halley
Common Stock issued as Merger Consideration in exchange for such surrender and (ii)&nbsp;at the appropriate payment date, the
amount of dividends or other distributions with a record date after the Effective Time but with a payment date subsequent to such
surrender in respect of the shares of Halley Common Stock issued as Merger</FONT></P>

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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt"> Consideration in exchange for such surrender. For purposes
of dividends and other distributions in respect of the Halley Common Stock, the Halley Common Stock to be issued as Merger Consideration
shall be entitled to dividends and other distributions pursuant to this <U>Section 2.2(e)</U> as if issued and outstanding as
of the Effective Time.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(f)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The Merger Consideration and any dividends or other distributions payable pursuant to <U>Section 2.2(e)</U> issued and
paid upon the surrender for exchange of Certificates or Book-Entry Shares in accordance with the terms of this <U>Article II</U>
shall be deemed to have been issued and paid in full satisfaction of all rights pertaining to the shares of Saturn Common Stock
formerly represented by such Certificates or Book-Entry Shares. At the Effective Time, the stock transfer books of Saturn shall
be closed and there shall be no further registration of transfers of the shares of Saturn Common Stock that were outstanding immediately
prior to the Effective Time. If, after the Effective Time, Certificates are presented to the Surviving Corporation or the Exchange
Agent for transfer, or transfer is sought for Book-Entry Shares, such Certificates or Book-Entry Shares shall be cancelled and
exchanged as provided in this <U>Article II</U>.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(g)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Any portion of the Exchange Fund (including any interest or other income earned on the Exchange Fund) that remains undistributed
to the holders of Certificates or Book-Entry Shares one year after the Effective Time shall be delivered to the Surviving Corporation,
upon demand, and any remaining holders of Certificates or Book-Entry Shares shall thereafter look only to the Surviving Corporation
(subject to abandoned property, escheat and other similar Law), as general creditors thereof, for payment of the Merger Consideration
and any unpaid dividends or other distributions payable pursuant to <U>Section 2.2(e)</U>. None of Halley, the Surviving Corporation,
the Exchange Agent or any other Person shall be liable to any Person in respect of shares of Halley Common Stock, dividends or
other distributions with respect thereto properly delivered to a public official pursuant to any applicable abandoned property,
escheat or similar Law. Any portion of the Exchange Fund that remains undistributed to the holders of Certificates or Book-Entry
Shares immediately prior to the time at which the Exchange Fund would otherwise escheat to, or become property of, any Governmental
Entity, shall, to the extent permitted by Law, become the property of the Surviving Corporation, free and clear of all claims
or interest of any Person previously entitled thereto.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(h)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The Exchange Agent shall invest any cash included in the Exchange Fund as directed by Halley; <U>provided</U> that (i)
no such investment shall have maturities that could prevent or delay payments to be made pursuant to this Agreement and (ii) such
investments shall be in short-term obligations of the United States with maturities of no more than thirty (30) days or guaranteed
by the United States and backed by the full faith and credit of the United States.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>If any Certificate shall have been lost, stolen or destroyed, upon the making of an affidavit, in form and substance reasonably
acceptable to Halley and the Exchange Agent, of that fact by the Person claiming such Certificate to be lost, stolen or destroyed
and, if required by Halley or the Exchange Agent, the posting by such Person of a bond in such amount as Halley or the Exchange
Agent may determine is reasonably necessary as indemnity against any claim that may be made against it or the Surviving Corporation
with respect to such Certificate, the Exchange Agent will deliver in exchange for such lost, stolen or destroyed Certificate the
Merger Consideration payable in respect thereof and any dividends or other distributions payable pursuant to <U>Section 2.2(e)</U>.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section
2.3<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Treatment of Saturn Equity Awards</U>.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Saturn Restricted Stock Awards</U>. As of the Effective Time, by virtue of the First Merger and without any action on
the part of the holders thereof, each award of Saturn Common Stock </FONT></P>

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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">subject to vesting, repurchase or other lapse restriction granted
under a Saturn Plan (each, a &ldquo;<U>Saturn Restricted Stock Award</U>&rdquo;) that is outstanding as of immediately prior to
the Effective Time, shall be assumed by Halley and shall be automatically converted into a restricted stock award of Halley Common
Stock equal to the number of shares of Saturn Common Stock subject to such Saturn Restricted Stock Award as of immediately prior
to the Effective Time (each, a &ldquo;<U>New Halley Restricted Stock Award</U>&rdquo;). Except as otherwise provided in this <U>Section
2.3(a)</U>, each Saturn Restricted Stock Award assumed and converted into a New Halley Restricted Stock Award pursuant to this
<U>Section 2.3(a)</U> shall continue to have, and shall be subject to, the same terms and conditions as applied to the corresponding
Saturn Restricted Stock Award as of immediately prior to the Effective Time.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Saturn RSU Awards</U>. As of the Effective Time, by virtue of the First Merger and without any action on the part of
the holders thereof, each vested and unvested restricted stock unit award that corresponds to a number of shares of Saturn Common
Stock granted under a Saturn Plan (each, a &ldquo;<U>Saturn RSU Award</U>&rdquo;) that is outstanding as of immediately prior
to the Effective Time, shall be assumed by Halley and shall be automatically converted into a restricted share unit award of Halley
Common Stock equal to the number of shares of Saturn Common Stock subject to such Saturn RSU Award as of immediately prior to
the Effective Time (each, a &ldquo;<U>New Halley RSU Award</U>&rdquo;). Except as otherwise provided in this <U>Section 2.3(b)</U>,
each Saturn RSU Award assumed and converted into a New Halley RSU Award pursuant to this <U>Section 2.3(b)</U> shall continue
to have, and shall be subject to, the same terms and conditions as applied to the corresponding Saturn RSU Award as of immediately
prior to the Effective Time.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><U>Saturn
PSU Awards</U>. As of the Effective Time, by virtue of the First Merger and without any action on the part of the holders
thereof, each vested and unvested performance share unit award that corresponds to a number of shares of Saturn Common Stock
granted under a Saturn Plan (each, a &ldquo;<U>Saturn PSU Award</U>&rdquo;) that is outstanding as of immediately prior to
the Effective Time, shall be assumed by Halley and shall be automatically converted into a performance share unit award
of Halley Common Stock equal the number of shares of Saturn Common Stock subject to such Saturn PSU Award as of immediately
prior to the Effective Time (each, a &ldquo;<U>New Halley PSU Award</U>&rdquo;). Each Saturn PSU Award that is assumed and
converted into a New Halley PSU Award pursuant to this <U>Section 2.3(c)</U> shall continue to have, and shall be subject to,
the same terms and conditions as applied to the corresponding Saturn PSU Award as of immediately prior to the Effective
Time.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Saturn Actions</U>. Prior to the Effective Time, Saturn, the board of directors of Saturn and any applicable committee
thereof shall pass resolutions, provide any notices, obtain any consents, make any amendments to Saturn Plans or Saturn Equity
Awards and take such other actions as are necessary to provide for the treatment of Saturn Restricted Stock Awards, Saturn RSU
Awards and Saturn PSU Awards (collectively, the &ldquo;<U>Saturn Equity Awards</U>&rdquo;) contemplated by this <U>Section 2.3</U>.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(e)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Plans and Awards Assumed by Halley</U>. At the Effective Time, Halley shall assume all rights and obligations in respect
of each equity-based Saturn Plan, including each outstanding Saturn Equity Award, and will be able to grant stock awards, to the
extent permissible by applicable Law under the terms of Saturn Plans, except that: (i) stock covered by such awards shall be shares
of Halley Common Stock&#894; (ii) all references in such Saturn Plan to a number of shares of Saturn Common Stock shall be amended
or deemed amended to refer instead to a number of shares of Halley Common Stock equal to the number of referenced shares of Saturn
Common Stock&#894; and (iii) the board of directors of Halley or a committee thereof shall succeed to the authority and responsibility
of the board of directors of Saturn or any committee thereof with respect to the administration of such Saturn Plan.</FONT></P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(f)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Halley Actions</U>. Prior to the Effective Time, Halley, the board of directors of Halley and any applicable committee
thereof shall take all corporate action necessary to reserve for issuance a number of authorized but unissued shares of Halley
Common Stock sufficient to cover the settlement of the New Halley Restricted Stock Awards, New Halley RSU Awards and New Halley
PSU Awards that are converted in accordance with this <U>Section 2.3</U>. Saturn and Halley shall cooperate in connection with
the preparation of registration statements on Form S-8 (or any successor or other appropriate form, including a Form S-1 or Form
S-3 in the case of awards held by former employees and service providers of Saturn) with respect to the shares of Halley Common
Stock subject to such awards, in order to file such forms effective as of the Effective Time or, in the event the necessary financial
information required for such filings is not filed or able to be filed with the SEC as of the Effective Time, as soon as reasonably
practicable following the Effective Time.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section
2.4<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Treatment of Halley Equity Awards</U>.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><U>Halley
Stock Options and Warrants</U>. As of the date that is ten days prior to the Effective Time, but subject to the occurrence of
the Closing, each stock option granted under a Halley Plan or otherwise (a &ldquo;<U>Halley Stock Option</U>&rdquo;) and each
warrant granted under a Halley Plan or otherwise (a &ldquo;<U>Halley Warrant</U>&rdquo;) that in either case is
then outstanding and unvested shall become fully vested and exercisable. To the extent that, prior to the Reverse Split Time,
the holder of a Halley Stock Option or Halley Warrant exercises such Halley Stock Option or Halley Warrant, the shares of
Halley Common Stock issued to such holder on such exercise shall be treated as a share of Halley Common Stock for all
purposes under this Agreement, including the Reverse Split and the First Merger. As of the Reverse Split Time, each Halley
Stock Option and each Halley Warrant that is then outstanding and unexercised shall be adjusted by (i) multiplying the number
of shares of Halley Common Stock covered by such Halley Stock Option or Halley Warrant by the Halley Share Consolidation
Ratio and rounding down to the nearest whole share and (ii) dividing the per-share exercise price of such Halley Stock Option
or Halley Warrant by the Halley Share Consolidation Ratio and rounding up to the nearest whole cent; <I>provided</I> that
each such Halley Stock Option or Halley Warrant shall be further adjusted to the extent required to remain compliant with
Section 409A of the Code and the Treasury Regulations issued thereunder. Except as otherwise provided in this <U>Section
2.4(a)</U>, each such adjusted Halley Stock Option or Halley Warrant shall continue to have, and shall be subject to, the
same terms and conditions as applied to such Halley Stock Option or Halley Warrant as of immediately prior to the Reverse
Split Time.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Halley Restricted Stock Awards</U>. Immediately prior to the Reverse Split Time and without any action on the part of
the holders thereof, each award of Halley Common Stock subject to vesting, repurchase or other lapse restriction granted under
a Halley Plan (each, a &ldquo;<U>Halley Restricted Stock Award</U>&rdquo;) that is outstanding as of immediately prior to the
Reverse Split Time shall vest in full and become fully vested shares of Halley Common Stock (the &ldquo;<U>Halley Vested Restricted
Stock Award Shares</U>&rdquo;) (and, for the avoidance of doubt, net of any applicable shares of Halley Common Stock used to satisfy
any withholding taxes). As of the Reverse Split Time, each Halley Vested Restricted Stock Award Share shall be treated as a share
of Halley Common Stock for all purposes under this Agreement, including the Reverse Split and the First Merger.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Halley Actions</U>. Prior to the Reverse Split Time, Halley, the board of directors of Halley and any applicable committee
thereof shall pass resolutions, provide any notices, obtain any consents, make any amendments to the Halley Plans or Halley Equity
Awards and take such other actions as are necessary and approved by Saturn (such approval not to be unreasonably withheld, delayed
or conditioned) to provide for the equitable adjustment of the Halley Stock Options and Halley Restricted Stock Awards (collectively,
&ldquo;<U>Halley Equity Awards</U>&rdquo;) as contemplated by this <U>Section 2.4</U>.</FONT></P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section
2.5<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Withholding Rights</U>. Each of Halley, Saturn, the Surviving Corporation and the Exchange Agent shall be entitled to
deduct and withhold from any amount otherwise payable pursuant to this Agreement such amounts as are required to be deducted and
withheld under the Code, applicable Treasury Regulations or any provision of state, local or foreign Law. To the extent that amounts
are so withheld and paid over to the appropriate Governmental Entity, such 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.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section
2.6<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Adjustments</U>. If between the date of this Agreement and the Effective Time the outstanding shares of Halley Common
Stock shall have been changed into a different number of shares or a different class, by reason of any stock dividend or any subdivision
split (including a reverse stock split), combination or consolidation of shares, or any similar event shall have occurred (in
each case, other than the Reverse Split), then any number or amount contained herein (including any exchange ratio) which is based
upon the number of shares of Halley Common Stock will be equitably adjusted to provide to Halley, the holders of Halley Common
Stock, the holders of Halley Equity Awards, the holders of Saturn Common Stock and the holders of Saturn Equity Awards the same
economic effect as contemplated by this Agreement prior to such event; <U>provided</U>, <U>however</U>, that nothing in this <U>Section
2.6</U> shall be construed to permit Halley to take any action with respect to its securities that is prohibited by the terms
of this Agreement.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section
2.7<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Delivery of Halley Closing Certificate</U>.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Ten Business Days prior to the Closing Date, Halley shall deliver to Saturn a certificate executed by a senior executive
officer of Halley setting forth (based on the information then known at such time) an accurate and complete itemized list (other
than in each case for de minimis inaccuracies) of any and all Closing Indebtedness, Closing Cash, and Halley Final Unpaid Transaction
Expenses, together with a calculation of Closing Net Indebtedness resulting therefrom (the &ldquo;<U>Halley Closing Certificate</U>&rdquo;),
in each case, (a) as of 11:59 pm New York time on the day immediately prior to the Closing Date (the &ldquo;<U>Adjustment Measurement
Date</U>&rdquo;) and (b) in a manner consistent with the definitions and other applicable provisions of this Agreement. The Halley
Closing Certificate shall include reasonable supporting detail for each of the items and calculations set forth therein, including,
in the case of Halley Final Unpaid Transaction Expenses, final invoices for each of Halley&rsquo;s financial advisors, attorneys,
accountants, or other advisors whose fees would constitute Halley Final Unpaid Transaction Expenses. The Halley Closing Certificate
shall be subject to adjustment as set forth in <U>Section 2.7(b)</U>.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Following delivery of the Halley Closing Certificate, Halley shall, and shall cause each of its Subsidiaries and Representatives
to, promptly (and in any event within twenty four hours upon delivery of the Halley Closing Certificate) provide reasonable access
to the financial records, supporting documents and work papers and personnel of Halley and its Subsidiaries to Saturn and its
accountants and other representatives (subject to the execution of customary work paper access letters if requested) as may be
reasonable necessary for its and their review of the Halley Closing Certificate. In the event that, within three Business Days
following the provision of such required access, Saturn provides Halley with written notice of any objections to the Halley Closing
Certificate and/or the calculations of Closing Indebtedness, Closing Cash, Halley Final Unpaid Transaction Expenses and Closing
Net Indebtedness, Halley and Saturn shall promptly negotiate in good faith to resolve any such objections prior to the Closing,
and the Halley Closing Certificate and the calculations set forth thereon shall be modified with any resulting changes as may
be mutually agreed by Halley and Saturn. If Halley and Saturn are unable to reach agreement within two Business Days following
delivery of such objections, they shall promptly thereafter jointly retain the dispute resolution group of PricewaterhouseCoopers
(or, if such Person is unwilling or unable to serve, such other independent accounting firm of recognized national standing as
Halley and Saturn may mutually agree, which agreement shall not be unreasonably </FONT></P>

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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">withheld) (the &ldquo;<U>Accounting Referee</U>&rdquo;)
to review any items that remain in dispute (together with any calculations that Halley proposes to change pursuant to <U>Section
2.7(c)</U> and which Saturn disputes, the &ldquo;<U>Disputed Items</U>&rdquo;), and only those items, for the purpose of calculating
Closing Indebtedness, Closing Cash, Halley Final Unpaid Transaction Expenses and Closing Net Indebtedness, as applicable (it being
understood and agreed that in conducting such review and making such calculation, the Accounting Referee shall adhere to the provisions
of this Agreement, and shall not conduct an independent review). Halley and Saturn shall promptly provide their assertions regarding
the Disputed Items in writing (the &ldquo;<U>Dispute Notice</U>&rdquo;) to the Accounting Referee and to each other. The Accounting
Referee shall be instructed to render its determination in the form of a written report setting forth its calculations (including
the basis thereof) with respect to the Disputed Items as promptly as reasonably possible (which the parties hereto agree should
not be later than three Business Days following the date on which the disagreement is referred to the Accounting Referee), and
the Accounting Referee&rsquo;s determination of each Disputed Item shall not be greater than the greater value for such Disputed
Item claimed by either party in the Dispute Notice. The Accounting Referee&rsquo;s report shall be final, binding and conclusive
for all purposes hereunder, shall be deemed a final arbitration award that is binding on the parties hereto, and neither Halley
nor Saturn shall seek further recourse to courts or other tribunals, other than to enforce such report in any court of competent
jurisdiction. The costs, fees and expenses of the Accounting Referee to resolve the Disputed Items shall be borne (i) by Halley
if Halley is awarded less than 50% of the aggregate value of all Disputed Items submitted to the Accounting Referee, (ii) by Saturn
if Saturn is awarded less than 50% of the aggregate value of all Disputed Items submitted to the Accounting Referee and (iii)
otherwise equally by Halley and Saturn. The costs, fees and expenses of the Accounting Referee that are borne by Halley, if any,
shall be deemed to constitute Halley Final Unpaid Transaction Expenses hereunder.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>From
and after delivery of the Halley Closing Certificate, Halley shall use reasonable best efforts to promptly (and in any event
within one Business Day) inform Saturn if it obtains knowledge that any of the calculations of Closing Indebtedness, Closing
Cash, Halley Final Unpaid Transaction Expenses and Closing Net Indebtedness have changed (other than de minimis changes) and
such Halley Closing Certificate shall be deemed amended accordingly. Upon notice of such a change, the Halley Closing
Certificate, inclusive of such changes, shall be subject to the dispute resolution procedures set forth in Section
2.7(b).</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT> The Halley Closing Certificate as modified pursuant to Section 2.7(b)-(c) shall be final and binding on the parties.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section
2.8<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Delivery of Halley Capitalization Certificate</U>. Concurrently with the delivery of a Halley Closing Certificate, Halley
shall also deliver to Saturn a certificate, executed by a senior executive officer of Halley setting forth an accurate and complete
statement (other than minimis inaccuracies) of (1) the number of issued and outstanding shares of Halley Common Stock, (2) the
Unadjusted Saturn Shares Held by Halley, and (3) the number of shares of Halley Common Stock issuable in respect of all outstanding
Halley Stock Options and the number of shares of Halley Common Stock underlying outstanding Halley Restricted Stock Awards, in
each case as of immediately prior to the Closing Date (the &ldquo;Halley Capitalization Certificate&rdquo;).</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><FONT STYLE="font-size: 10pt; text-transform: uppercase">Article
III </FONT><FONT STYLE="font-size: 10pt"><BR>
REPRESENTATIONS AND WARRANTIES OF SATURN</FONT></P>

<P STYLE="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Saturn
represents and warrants to Halley and Merger Sub as follows (it being understood that each representation and warranty contained
in this <U>Article III</U> is subject to: (a)&nbsp;the exceptions and disclosures set forth in the corresponding section or subsection
of the disclosure letter delivered by Saturn to Halley contemporaneously with the execution of this Agreement (the &ldquo;<U>Saturn
Disclosure Letter</U>&rdquo;), </FONT></P>

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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">(b)&nbsp;any exception or disclosure set forth in any other section or subsection of the Saturn
Disclosure Letter to the extent it is reasonably apparent from the face of such exception or disclosure that such exception or
disclosure is intended to qualify such representation and warranty, and (c)&nbsp;any information (other than information set forth
therein under the heading &ldquo;Risk Factors&rdquo; or &ldquo;Cautionary Statement Regarding Forward-Looking Statements&rdquo;
and any other information set forth therein that is predictive or forward-looking in nature) set forth in the Saturn SEC Documents
(excluding exhibits and schedules thereto) filed on the SEC&rsquo;s EDGAR database on or after January&nbsp;1, 2016 and publicly
available thereon at least two (2) Business Days prior to the date of this Agreement:</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section
3.1<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Organization, Standing and Power</U>.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Saturn is a corporation duly organized, validly existing and in good standing under the Laws of the State of Delaware,
and&nbsp;has all requisite corporate power and authority to own, lease and operate its properties and to carry on its business
as now being conducted. Each of Saturn&rsquo;s Subsidiaries (i)&nbsp;is an entity duly organized, validly existing and (to the
extent applicable) in good standing under the Laws of the jurisdiction of its organization, and (ii)&nbsp;has all requisite corporate
or similar power and authority to own, lease and operate its properties and to carry on its business as now being conducted, except
in the case of (i) and (ii) where the failure to be so existing or in good standing, individually or in the aggregate, has not
had and would not reasonably be expected to have a Saturn Material Adverse Effect. Saturn and each of its Subsidiaries&nbsp;is
duly qualified or licensed to do business as a foreign entity and is in good standing in each jurisdiction in which the nature
of its business or the ownership, leasing or operation of its properties makes such qualification or licensing necessary, except
where the failure to be so qualified or licensed or in good standing, individually or in the aggregate, has not had and would
not reasonably be expected to have a Saturn Material Adverse Effect.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Saturn&rsquo;s
certificate of incorporation (the &ldquo;<U>Saturn Charter</U>&rdquo;) and bylaws (the &ldquo;<U>Saturn Bylaws</U>&rdquo;),
as currently in effect, are included in the Saturn SEC Documents. Saturn is not in material violation of any provision of the
Saturn Charter or Saturn Bylaws.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section
3.2<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Capital Stock</U>.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The authorized capital stock of Saturn consists solely of 200,000,000 shares of Saturn Common Stock and 100,000,000 shares
of preferred stock, par value $0.01 per share (the &ldquo;<U>Saturn Preferred Stock</U>&rdquo;). As of the close of business on
February 20, 2018 (the &ldquo;<U>Saturn Measurement Date</U>&rdquo;), (i)&nbsp;57,880,340 shares of Saturn Common Stock (excluding
treasury shares but including zero shares of Saturn Common Stock outstanding pursuant to Saturn Restricted Stock Awards) were
issued and outstanding, (ii) 3,995,688 shares of Saturn Common Stock were held by Saturn in its treasury, (iii) no shares of Saturn
Preferred Stock were issued or outstanding and no shares of Saturn Preferred Stock were held by Saturn in its treasury, (iv) 31,206
shares of Saturn Common Stock were reserved for issuance pursuant to outstanding Saturn RSU Awards, and (v) 492,321 shares of
Saturn Common Stock were reserved for issuance pursuant to outstanding Saturn PSU Awards (assuming target performance). All outstanding
shares of capital stock of Saturn are, and all shares reserved for issuance will be when issued, duly authorized, validly issued,
fully paid and nonassessable and not subject to or issued in violation of any purchase option, call option, right of first refusal,
preemptive right, subscription right or any other similar right under any provision of the Saturn Charter, the Saturn Bylaws or
any Contract to which Saturn is a party. No shares of capital stock of Saturn are owned by any Subsidiary of Saturn. Neither Saturn
nor any of its Subsidiaries has outstanding any bonds, debentures or notes having the right to vote (or convertible into, or exchangeable
or exercisable for, securities having the right to vote) with the stockholders of Saturn on any matter. Except as set forth above
in this <U>Section 3.2(a)</U> and except for changes since the close of business on the Saturn Measurement Date resulting from
the settlement, vesting or forfeiture of Saturn Restricted Stock Awards, Saturn RSU Awards or Saturn PSU Awards in </FONT></P>

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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">accordance
with their terms as of the date hereof, as of the date hereof, there are no outstanding (A) shares of capital stock or other voting
securities or equity interests of Saturn, (B)&nbsp;securities or rights of Saturn or any of its Subsidiaries convertible into
or exchangeable or exercisable for shares of capital stock of Saturn or other voting securities or equity interests of Saturn,
(C) stock appreciation rights, &ldquo;phantom&rdquo; stock rights, performance units, interests in or rights to the ownership
or earnings of Saturn or any of its Subsidiaries or other equity equivalent or equity-based awards or rights (including rights
linked to the value of capital stock of Saturn), (D) subscriptions, options, warrants, calls, commitments, Contracts or other
rights to acquire from Saturn or any of its Subsidiaries, or obligations of Saturn or any of its Subsidiaries to issue, any shares
of capital stock of Saturn, voting securities, equity interests or securities convertible into or exchangeable or exercisable
for capital stock or other voting securities or equity interests of Saturn or rights or interests described in the preceding clauses
(A) through (C), or (E) obligations of Saturn or any of its Subsidiaries to repurchase, redeem or otherwise acquire any such securities
or to issue, grant, deliver or sell, or cause to be issued, granted, delivered or sold, any such securities.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>There are no stockholder agreements, voting trusts or other agreements or understandings to which Saturn or any of its
Subsidiaries is a party with respect to the holding, voting, registration, redemption, repurchase or disposition of, or that restricts
the transfer of, any capital stock or other voting securities or equity interests of Saturn.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section
3.3<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Authority</U>.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Saturn
has all necessary corporate power and authority to execute, deliver and perform its obligations under this Agreement and the
Saturn Support Agreement and to consummate the transactions contemplated hereby and thereby, including the Merger.
The execution, delivery and performance of this Agreement and the Saturn Support Agreement by Saturn and the consummation by
Saturn of the transactions contemplated hereby and thereby, including the Merger, have been duly authorized by all necessary
corporate action on the part of Saturn and no other corporate proceedings on the part of Saturn are necessary to approve this
Agreement or the Saturn Support Agreement or to consummate the Merger and the other transactions contemplated hereby and
thereby, other than, in the case of the consummation of the Merger, Saturn Stockholder Approval. Each of this Agreement and
the Saturn Support Agreement has been duly executed and delivered by Saturn and, assuming the due authorization, execution
and delivery by the other parties thereto, constitutes a valid and binding obligation of Saturn, enforceable against Saturn
in accordance with its terms (except to the extent that enforceability may be limited by applicable bankruptcy, insolvency,
moratorium, reorganization or similar Laws affecting the enforcement of creditors&rsquo; rights generally or by general
principles of equity).</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The board of directors of Saturn, acting upon the unanimous recommendation of the Special Committee, at a meeting duly
called and held, adopted resolutions, which as of the date of this Agreement have not been amended or withdrawn, (i)&nbsp;determining
that the terms of this Agreement, the Saturn Support Agreement, the Halley Support Agreements and the Post-Closing Stockholders
Agreement, the Merger and the other transactions contemplated hereby and thereby are fair to and in the best interests of Saturn&rsquo;s
stockholders other than Halley and its Subsidiaries, (ii)&nbsp;approving and declaring advisable this Agreement, the Saturn Support
Agreement, the Halley Support Agreements, the Post-Closing Stockholders Agreement, the Merger and the other transactions contemplated
hereby and thereby, (iii)&nbsp;directing that this Agreement be submitted to the stockholders of Saturn for their consideration
and (iv)&nbsp;resolving to recommend that Saturn&rsquo;s stockholders vote in favor of the adoption of this Agreement. For the
avoidance of doubt, any change in or modification or rescission of the board of directors of Saturn&rsquo;s recommendation in
accordance with <U>Section 5.3</U> shall not be a breach of the immediately preceding sentence.</FONT></P>

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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The Saturn Requisite Stockholder Approvals are the only votes of the holders of any class or series of Saturn&rsquo;s capital
stock or other securities required in connection with the consummation of any of the transactions contemplated by this Agreement,
including the Merger, under applicable Law, the Saturn Charter or the Saturn Bylaws.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section
3.4<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>No Conflict; Consents and Approvals</U>.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>The
execution, delivery and performance of this Agreement and the Saturn Support Agreement by Saturn does not and will not, and
the consummation of the Merger and the other transactions contemplated hereby and thereby and compliance by Saturn with the
provisions hereof and thereof will not, (i) conflict with or violate the Saturn Charter or Saturn Bylaws,
(ii)&nbsp;conflict with, or result in any violation or breach of, or default (with or without notice or lapse of time, or
both) under, or give rise to a right of, or result in, termination, cancellation, modification or acceleration of any
obligation or to the loss of a material benefit under, or result in the creation of any Lien in or upon any of the material
properties, assets or rights of Saturn or any of its Subsidiaries under any bond, debenture, note, mortgage, indenture,
guarantee, license, lease, purchase or sale order, commitment, agreement, instrument, obligation, undertaking, permit or
franchise (each, including all amendments thereto, a &ldquo;<U>Contract</U>&rdquo;) to which Saturn or any of its
Subsidiaries is a party or by which Saturn or any of its Subsidiaries or any of their respective properties or assets may be
bound or (iii) subject to the governmental and regulatory filings and other matters referred to in <U>Section 3.4(b)</U>,
conflict with or violate any federal, state, local, municipal, foreign or other law, statute, constitution, principle of
common law, resolution, ordinance, code, edict, decree, rule, regulation, order, award, ruling or requirement
issued, enacted, adopted, promulgated, implemented or otherwise put into effect by or under the authority of any Governmental
Entity (&ldquo;<U>Law</U>&rdquo;) applicable to Saturn or any of its Subsidiaries or by which Saturn or any of its
Subsidiaries or any of their respective properties or assets may be bound, except in the cases of clauses (ii) and (iii)
above for any such conflicts, violations, breaches, defaults or other occurrences, individually or in the aggregate, that
would not reasonably be expected to have a Saturn Material Adverse Effect.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>No consent, approval, order or authorization of, or registration, declaration, filing with or notice to, any federal, state,
local or foreign government or subdivision thereof or any other governmental, administrative, judicial, arbitral, legislative,
executive, regulatory or self-regulatory authority (including the NYSE and FINRA - Financial Industry Regulatory Authority), instrumentality,
agency, commission or body (each, a &ldquo;<U>Governmental Entity</U>&rdquo; ) is required by or with respect to Saturn or any
of its Subsidiaries in connection with the execution, delivery and performance of this Agreement and the Saturn Support Agreement
by Saturn, or the consummation by Saturn of the Merger and the other transactions contemplated hereby or thereby or compliance
with the provisions hereof or thereof, except for, (i) such filings and reports as may be required pursuant to the applicable
requirements of the Securities Act of 1933 (the &ldquo;<U>Securities Act</U>&rdquo;), the Securities Exchange Act of 1934 (the
&ldquo;<U>Exchange Act</U>&rdquo;) and any other applicable state or federal corporation or securities Laws and &ldquo;blue sky&rdquo;
Laws, (ii) the filing of the Certificate of First Merger with the Secretary of State of the State of Delaware as required by the
DGCL or any other filings and approvals required by the DGCL, (iii) the filing of the Certificate of Second Merger with the Secretary
of State of the State of Delaware as required by the DGCL and the LLC Act or any other filings and approvals required by the DGCL
and the LLC Act, (iv) any filings and approvals required under the rules and regulations of the NYSE, (v) such other items required
by reason of the participation of Halley or Merger Sub in the transactions contemplated hereby, and (vi) such other consents,
approvals, orders, authorizations, registrations, declarations, filings or notices the failure of which to be obtained or made,
individually or in the aggregate, have not had and would not reasonably be expected to have a Saturn Material Adverse Effect.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section
3.5<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Certain Information</U>. None of the information supplied or to be supplied by or on behalf of Saturn specifically for
inclusion or incorporation by reference in the Form&nbsp;S-4 will, at the time</FONT></P>

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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt"> the Form&nbsp;S-4 is filed with the SEC, at the
time of any amendment or supplement thereto or at the time it (or any post-effective amendment or supplement) becomes effective
under the Securities Act, contain any untrue statement of a material fact or omit to state any material fact required to be stated
therein or necessary to make the statements therein not misleading. None of the information supplied or to be supplied by or on
behalf of Saturn specifically for inclusion or incorporation by reference in the Joint Proxy Statement/Prospectus will, at the
time it is first mailed to Saturn&rsquo;s stockholders or Halley&rsquo;s stockholders or at the time of the Halley Stockholders
Meeting or the Saturn Stockholders Meeting contain any untrue statement of a material fact or omit to state any material fact
required to be stated therein or necessary to make the statements therein, in light of the circumstances under which they are
made, not misleading. The Form S-4 and the Joint Proxy Statement/Prospectus will comply as to form in all material respects with
the provisions of the Securities Act and the Exchange Act (i)&nbsp;at the times the Form S-4 is filed with the SEC and at the
time the Form S-4 becomes effective, (ii) at the times the Joint Proxy Statement/Prospectus is mailed to Saturn&rsquo;s stockholders
and Halley&rsquo;s stockholders and (iii)&nbsp;at the time of the Saturn Stockholders Meeting and the Halley Stockholders Meeting.
The representations and warranties contained in this <U>Section 3.5</U> do not and will not apply to statements included or incorporated
by reference in the Form S-4 or the Joint Proxy Statement/Prospectus based on information supplied by or on behalf of Halley specifically
for inclusion or incorporation by reference therein.</FONT></P>

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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section
3.6<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>SEC Reports; Financial Statements.</U></FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Saturn
has filed with or furnished to the SEC on a timely basis all forms, reports, schedules, statements and other
documents required to be filed with or furnished to the SEC by Saturn since January&nbsp;1, 2016 (all such documents,
together with all exhibits and schedules to the foregoing materials and all information incorporated therein by reference,
and any amendments or supplements thereto, the &ldquo;<U>Saturn SEC Documents</U>&rdquo;). True, correct and complete copies
of all Saturn SEC Documents are publicly available in the Electronic Data Gathering, Analysis, and Retrieval database of the
SEC. As of their respective filing or furnished dates (or, if amended or superseded by a filing or a document furnished prior
to the date of this Agreement, then on such filing or furnished date), the Saturn SEC Documents complied in all material
respects with the applicable requirements of the Securities Act and the Exchange Act, as the case may be, including, in each
case, the rules and regulations promulgated thereunder, and none of the Saturn SEC Documents at the time it was filed or
furnished contained any untrue statement of a material fact or omitted to state a material fact required to be stated therein
or necessary in order to make the statements therein, in light of the circumstances under which they were made, not
misleading. None of Saturn&rsquo;s Subsidiaries is required to file or furnish any forms, reports, schedules, statements or
other documents with the SEC.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The consolidated financial statements (including the related notes and any schedules thereto) included (or incorporated
by reference) in the Saturn SEC Documents (i)&nbsp;have been prepared in accordance with GAAP (except, in the case of unaudited
statements, as permitted by Form&nbsp;10-Q of the SEC) applied on a consistent basis during the periods involved (except as may
be indicated in the notes thereto, or, in the case of unaudited statements, as permitted by Rule 10-01 of Regulation S-X of the
Exchange Act), (ii) comply as to form in all material respects with applicable accounting requirements and the published rules
and regulations of the SEC with respect thereto and (iii) fairly present in all material respects in accordance with GAAP the
consolidated financial position of Saturn and its Subsidiaries as of the dates thereof and their consolidated results of operations,
cash flows and changes in stockholders equity for the periods reflected therein (subject, in the case of unaudited interim statements,
to normal year-end audit adjustments, to the absence of notes and to any other adjustments described therein, including any notes
thereto, in each case, that were not, or are not expected to be, individually or in the aggregate, material in amount). Since
January&nbsp;1, 2016, Saturn has not made any change in the accounting practices or policies applied in the preparation of its
financial statements, except as required by GAAP, SEC rule or policy or applicable Law.</FONT></P>

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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Saturn has established and maintains &ldquo;disclosure controls and procedures&rdquo; (as defined in Rules 13a-15(e) and
15d-15(e) under the Exchange Act). Such disclosure controls and procedures are designed to ensure that information (both financial
and non-financial) relating to Saturn, including its consolidated Subsidiaries, required to be disclosed in Saturn&rsquo;s periodic
and current reports under the Exchange Act, is recorded, processed, summarized and reported within the time periods specified
in the rules and forms of the SEC, and that all such information is accumulated and made known to Saturn&rsquo;s management, including
its principal executive and principal financial officers, or others performing similar functions, as appropriate, to allow timely
decisions regarding required disclosures as required under the Exchange Act. Saturn&rsquo;s management has evaluated, with the
participation of Saturn&rsquo;s principal executive and principal financial officers, or persons performing similar functions,
the effectiveness of Saturn&rsquo;s disclosure controls and procedures and, to the extent required by applicable Law, presented
in any applicable Saturn SEC Document that is a report on Form 10-K or Form 10-Q, or any amendment thereto, their conclusions
about the effectiveness of the disclosure controls and procedures as of the end of the period covered by such report or amendment
based on such evaluation.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Saturn
and its Subsidiaries have established and maintain a system of &ldquo;internal control over financial reporting&rdquo; (as
defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act) regarding the reliability of Saturn&rsquo;s financial
reporting and the preparation of Saturn&rsquo;s financial statements for external purposes in accordance with GAAP which is
sufficient to provide reasonable assurance (i) that records are maintained in reasonable detail to accurately and fairly
reflect the transactions and dispositions of the assets of Saturn and its Subsidiaries, (ii) that transactions are recorded
as necessary to permit preparation of financial statements in conformity with GAAP, consistently applied, (iii) that
transactions are executed only in accordance with the authorization of management and (iv) regarding prevention or timely
detection of the unauthorized acquisition, use or disposition of the properties or assets of Saturn and its Subsidiaries.
Saturn has disclosed, based on its most recent evaluation of Saturn&rsquo;s internal control over financial reporting prior
to the date hereof, to Saturn&rsquo;s auditors and audit committee, which disclosure is set forth in <U>Section 3.6(d)</U> of
the Saturn Disclosure Letter (A) any significant deficiencies and material weaknesses in the design or operation of
Saturn&rsquo;s internal control over financial reporting which are reasonably likely to adversely affect Saturn&rsquo;s
ability to record, process, summarize and report financial information and (B) any fraud, whether or not material, that
involves management or other employees who have a significant role in Saturn&rsquo;s internal control over financial
reporting. Since January&nbsp;1, 2016, any material change in internal control over financial reporting required to be
disclosed in any Saturn SEC Document has been so disclosed.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(e)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Since January&nbsp;1, 2016, neither Saturn nor any of its Subsidiaries, nor to the knowledge of Saturn, any director, officer,
employee, auditor, accountant or representative of Saturn or any of its Subsidiaries, has received or otherwise had or obtained
knowledge of any material complaint, allegation, assertion or claim, whether written or oral, regarding the accounting or auditing
practices, procedures, methodologies or methods of Saturn or any of its Subsidiaries or their respective internal accounting controls,
including any material complaint, allegation, assertion or claim relating to an individual with responsibility for these matters
or that Saturn or any of its Subsidiaries has engaged in improper accounting or auditing practices.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(f)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>There are no outstanding or unresolved comments in the comment letters received from the SEC staff with respect to the
Saturn SEC Documents. None of the Saturn SEC Documents is subject to ongoing review or outstanding SEC comment or investigation.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(g)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Neither Saturn nor any of its Subsidiaries is a party to, or has any commitment to become a party to, any joint venture,
off balance sheet partnership or any similar Contract (including any Contract or arrangement relating to any transaction or relationship
between or among Saturn and any of its Subsidiaries, on the one hand, and any unconsolidated Affiliate of Saturn, including any
structured</FONT></P>

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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt"> finance, special purpose or limited purpose entity or Person, on the other hand, or any &ldquo;off balance sheet arrangements&rdquo;
(as defined in Item 303(a) of Regulation S-K of the SEC)).</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section
3.7<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>No Undisclosed Liabilities</U>. Neither Saturn nor any of its Subsidiaries has, or is subject to, any liabilities or
obligations of any nature, whether accrued, absolute, contingent or otherwise, known or unknown, whether due or to become due
and whether or not required to be recorded or reflected on a consolidated balance sheet under GAAP, except (a)&nbsp;to the extent
accrued, reflected, disclosed or reserved against on the most recent consolidated balance sheet (as amended or restated prior
to the date hereof, if applicable) of Saturn included in the Saturn SEC Documents filed prior to the date hereof, (b) for liabilities
incurred in the Ordinary Course since the date of such balance sheet, (c) for liabilities or obligations arising out of this Agreement
or the transactions contemplated hereby, and (d)&nbsp;for liabilities and obligations that, individually or in the aggregate,
have not had and would not reasonably be expected to have a Saturn Material Adverse Effect.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section
3.8<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Transaction Litigation</U>. As of the date of this Agreement, there is no action, suit, investigation or proceeding,
in each case by or before any arbitrator or Governmental Entity (each, an &ldquo;<U>Action</U>&rdquo;) pending or, to the knowledge
of Saturn, threatened in writing against Saturn or any of its Subsidiaries seeking to prevent, hinder, modify, delay or challenge
the Merger or any of the other transactions contemplated by this Agreement, the Saturn Support Agreement, or the Post-Closing
Stockholders Agreement.</FONT></P>




<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section
3.9<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Compliance with Laws</U></FONT><FONT STYLE="font-size: 10pt">. Saturn and each of its Subsidiaries are and, since
January&nbsp;1, 2016, have been, in compliance with all Laws applicable to their businesses, operations, properties or assets
except where any non-compliance, individually or the aggregate, has not had and would not reasonably be expected to have a Saturn
Material Adverse Effect. None of Saturn or any of its Subsidiaries has received, since January&nbsp;1, 2016, a notice or other
written communication from any Governmental Entity or Person alleging or relating to a possible failure of Saturn or any of its
Subsidiaries to so be in compliance that, individually or in the aggregate, has had or would reasonably be expected to have a
Saturn Material Adverse Effect.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section
3.10<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><U>Taxes</U>.
Neither Saturn nor any of its Subsidiaries has taken or agreed to take any action or knows of any fact or circumstance that is
reasonably likely to prevent or impede the Merger from qualifying as a &ldquo;reorganization&rdquo; within the meaning of Section
368(a) of the Code.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section
3.11<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><U>State
Takeover Statutes</U>. Assuming the accuracy of the representations and warranties contained in <U>Article IV</U>, the board of
directors of Saturn (acting upon the unanimous recommendation of the Special Committee) has taken such actions and votes necessary
to render the provisions of any &ldquo;moratorium,&rdquo; &ldquo;fair price,&rdquo; &ldquo;business combination,&rdquo; &ldquo;control
share acquisition&rdquo; or similar provision of any state anti-takeover Law or any anti-takeover provision in its governing documents
(collectively, &ldquo;<U>Takeover Laws</U>&rdquo;), inapplicable to this Agreement, the Saturn Support Agreement, the Halley Support
Agreement and the Post-Closing Stockholders Agreement, the Merger and each of the transactions contemplated hereby or thereby.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section
3.12<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><U>Brokers</U>.
No broker, investment banker, financial advisor or other Person, other than Moelis &amp; Company LLC (the &ldquo;<U>Special Committee
Financial Advisor</U>&rdquo;), the fees and expenses of which will be paid by Saturn, is entitled to any broker&rsquo;s, finder&rsquo;s,
financial advisor&rsquo;s or other similar fee or commission in connection with the transactions contemplated by this Agreement
based upon arrangements made by or on behalf of Saturn or any of its Affiliates.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section
3.13<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><U>Opinion
of Special Committee Financial Advisor</U>. The Special Committee has received the oral opinion (to be confirmed in writing) of
the Special Committee Financial Advisor to the </FONT></P>

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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">effect that, as of the date of such opinion, and subject to and based upon the
various limitations, matters, qualifications and assumptions set forth in such opinion, the Merger Consideration to be received
by the holders of shares of Saturn Common Stock (other than Cancelled Shares) pursuant to this Agreement is fair, from a financial
point of view, to such holders. A copy of such opinion will be delivered promptly after the date hereof to Halley for informational
purposes only and it is agreed and understood that such opinions may not be relied on by Halley, or any director, officer or employee
of Halley.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section
3.14<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><U>No
Other Representations and Warranties</U>. Saturn has made its own inquiry and investigation into Halley and Merger Sub and
their respective Affiliates and has made an independent judgment concerning the transactions contemplated by this
Agreement.&nbsp; Saturn represents, warrants, acknowledges and agrees that except for the representations and warranties of
Halley and Merger Sub contained in this Agreement and the Saturn Support Agreement, none of Halley, Merger Sub, their
Affiliates or any of their respective Representatives, nor any other Person, makes or has made, and none of Saturn or any of
its Representatives nor any other Person has relied upon, any express or implied representation or warranty with respect to
Halley, Merger Sub or their Affiliates or their respective businesses, operations, assets, liabilities, condition (financial
or otherwise) or prospects, or with respect to any information provided or made available to Saturn, its Representatives or
any other Person in connection with the transactions contemplated hereby, including the accuracy, completeness or currency
thereof.&nbsp; Without limiting the generality of the foregoing, none of Halley, Merger Sub, their Affiliates or any of their
respective Representatives nor any other Person makes or has made, and none of Saturn or any of its Representatives nor any
other Person has relied upon, any express or implied representation or warranty with respect to any projections, forecasts or
other estimates, plans or budgets of future revenues, expenses or expenditures, future results of operations (or any
component thereof), future cash flows (or any component thereof) or future financial condition (or any component thereof) of
Halley, Merger Sub, their Affiliates or the future businesses, operations or affairs of Halley, Merger Sub or
their Affiliates or any other&nbsp;information, documents, projections, estimates, forecasts or other material made available
to Saturn, any of its Representatives or any other Person in any physical or virtual data room or management presentations in
connection with the transactions contemplated by this Agreement or otherwise, or the accuracy or completeness of such
information, except to the extent any such information is expressly addressed by a representation or warranty contained in
this Agreement or the Saturn Support Agreement (and then only to the extent so expressly addressed), and none of Halley,
Merger Sub, their Affiliates or any of their respective Representatives, nor any other Person, will have or be subject to any
liability or indemnification obligation to Saturn, the Surviving Corporation, their respective Affiliates or any other Person
in connection therewith.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><FONT STYLE="font-size: 10pt; text-transform: uppercase">Article
IV </FONT><FONT STYLE="font-size: 10pt"><BR>
REPRESENTATIONS AND WARRANTIES OF<BR>
HALLEY &amp; MERGER SUB</FONT></P>

<P STYLE="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Halley
and Merger Sub represent and warrant to Saturn as follows (it being understood that each representation and warranty contained
in this <U>Article IV</U> is subject to: (a)&nbsp;the exceptions and disclosures set forth in the corresponding section or subsection
of the disclosure letter delivered by Halley to Saturn contemporaneously with the execution of this Agreement (the &ldquo;<U>Halley
Disclosure Letter</U>&rdquo;), (b)&nbsp;any exception or disclosure set forth in any other section or subsection of the Halley
Disclosure Letter to the extent it is reasonably apparent from the face of such exception or disclosure that such exception or
disclosure is intended to qualify such representation and warranty, and (c)&nbsp;any information (other than information set forth
therein under the heading &ldquo;Risk Factors&rdquo; or &ldquo;Cautionary Statement Regarding Forward-Looking Statements&rdquo;
and any other information set forth therein that is predictive or forward-looking in nature) set forth in any Halley SEC Documents
(excluding exhibits and schedules thereto including, however, for the avoidance of doubt, the exhibit index to any such Halley
SEC Documents)</FONT></P>

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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt"> filed on the SEC&rsquo;s EDGAR database on or after January&nbsp;1, 2016 and publicly available thereon at least
two (2) Business Days prior to the date of this Agreement:</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section
4.1<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Organization, Standing and Power</U>.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Halley is a corporation duly organized, validly existing and in good standing under the Laws of the State of Delaware,
and&nbsp;has all requisite corporate power and authority to own, lease and operate its properties and to carry on its business
as now being conducted. Each of Halley&rsquo;s Subsidiaries (i)&nbsp;is an entity duly organized, validly existing and (to the
extent applicable) in good standing under the Laws of the jurisdiction of its organization, and (ii)&nbsp;has all requisite corporate
or similar power and authority to own, lease and operate its properties and to carry on its business as now being conducted, except
in the case of (i) and (ii) where the failure to be so existing or in good standing, individually or in the aggregate, has not
had and would not reasonably be expected to have a Halley Material Adverse Effect. Halley and each of its Subsidiaries&nbsp;is
duly qualified or licensed to do business as a foreign entity and is in good standing in each jurisdiction in which the nature
of its business or the ownership, leasing or operation of its properties makes such qualification or licensing necessary, except
where the failure to be so qualified or licensed or in good standing, individually or in the aggregate, has not had and would
not reasonably be expected to have a Halley Material Adverse Effect.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Halley&rsquo;s
certificate of incorporation (the &ldquo;<U>Halley Charter</U>&rdquo;) and bylaws (the &ldquo;<U>Halley Bylaws</U>&rdquo;) as
currently in effect, are included in the Halley SEC Documents. Halley is not in violation of any provision of the Halley
Charter or Halley Bylaws.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section
4.2<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Capital Stock</U>.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Other than any changes to the authorized capital stock of Halley resulting from the Charter Amendment, the authorized capital
stock of Halley consists solely of 500,000,000 shares of Halley Common Stock and 10,000,000 shares of Halley Preferred Stock.
As of the close of business on February 20, 2018 (the &ldquo;<U>Halley Measurement Date</U>&rdquo;), (i) 201,842,876 shares of
Halley Common Stock (excluding treasury shares but including 23,735 shares of Halley Common Stock outstanding pursuant to Halley
Restricted Stock Awards) were issued and outstanding, (ii)&nbsp;no shares of Halley Common Stock were held by Halley in its treasury,
(iii)&nbsp;one share of Halley Preferred Stock was issued and outstanding and no shares of Halley Preferred Stock were held by
Halley in its treasury, (iv)&nbsp;2,762,901 shares of Halley Common Stock were reserved for issuance pursuant to all outstanding
Halley Stock Options (with such Halley Stock Options having a weighted average exercise price of $11.38) and 600,000 shares of
Halley Common Stock were reserved for issuance pursuant to Halley Warrants at an exercise price of $13.125 per share. All outstanding
shares of capital stock of Halley are, and all shares reserved for issuance and all shares of Halley Common Stock to be issued
pursuant to the First Merger will be when issued, duly authorized, validly issued, fully paid and nonassessable and not subject
to or issued in violation of any purchase option, call option, right of first refusal, preemptive right, subscription right or
any other similar right under any provision of the Halley Charter, the Halley Bylaws or any Contract to which Halley is a party.
No shares of capital stock of Halley are owned by any Subsidiary of Halley. Neither Halley nor any of its Subsidiaries has outstanding
any bonds, debentures or notes having the right to vote (or convertible into, or exchangeable or exercisable for, securities having
the right to vote) with the stockholders of Halley on any matter. Except as set forth above in this <U>Section 4.2(a)</U> and
except for changes since the close of business on the Halley Measurement Date resulting from the exercise, settlement or forfeiture
of Halley Stock Options, Halley Warrants or Halley Restricted Stock Awards, in accordance with their terms as of the date hereof,
in each case as described in <U>Section 4.2(c)</U>, as of the date hereof, there are no outstanding (A)&nbsp;shares of capital
stock or other voting securities or equity interests of Halley, (B)&nbsp;securities or rights of Halley or any of its Subsidiaries
convertible into or exchangeable or exercisable for shares of capital stock of Halley or other voting securities or equity </FONT></P>

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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">interests
of Halley, (C)&nbsp;stock appreciation rights, &ldquo;phantom&rdquo; stock rights, performance units, interests in or rights to
the ownership or earnings of Halley or any of its Subsidiaries or other equity equivalent or equity-based awards or rights (including
rights linked to the value of capital stock of Halley), (D)&nbsp;subscriptions, options, warrants, calls, commitments, Contracts
or other rights to acquire from Halley or any of its Subsidiaries, or obligations of Halley or any of its Subsidiaries to issue,
any shares of capital stock of Halley, voting securities, equity interests or securities convertible into or exchangeable or exercisable
for capital stock or other voting securities or equity interests of Halley or rights or interests described in the preceding clauses
(A) through&nbsp;(C), or (E)&nbsp;obligations of Halley or any of its Subsidiaries to repurchase, redeem or otherwise acquire
any such securities or to issue, grant, deliver or sell, or cause to be issued, granted, delivered or sold, any such securities.
The shares of Halley Common Stock to be issued pursuant to the First Merger will be duly authorized, validly issued, fully paid
and nonassessable and not subject to any preemptive rights or similar rights. As of the date of this Agreement, Halley and its
Subsidiaries beneficially own, directly or indirectly, 34,339,752 shares of Saturn Common Stock.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>There are no stockholder agreements, voting trusts or other agreements or understandings to which Halley or any of its
Subsidiaries is a party with respect to the holding, voting, registration, redemption, repurchase or disposition of, or that restricts
the transfer of, any capital stock or other voting securities or equity interests of Halley.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>




<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Section 4.2(c)</U> of the Halley Disclosure Letter sets forth a true and complete list of all holders, as of the close
of business on February 21, 2018, of all outstanding Halley Stock Options, Halley Restricted Stock Awards and other similar rights
to purchase or receive shares of Halley Common Stock or similar rights granted under any stock option, stock purchase or equity
compensation plan, arrangement or agreement of Halley or otherwise, indicating as applicable, with respect to each Halley Equity
Award then outstanding, the type of award granted, the number and type of shares of Halley Common Stock subject to such Halley
Equity Award, the name of the plan under which such Halley Equity Award was granted, the date of grant, exercise or purchase price,
vesting schedule, payment schedule (if different from the vesting schedule) and expiration thereof.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The authorized capital stock of Merger Sub 1 consists of 1,000 shares of common stock, par value $0.01 per share, of which
1,000 shares are issued and outstanding, all of which shares are beneficially owned and owned of record by Halley. Halley is the
sole member of Merger Sub 2.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section
4.3<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Subsidiaries</U>. All outstanding shares of capital stock and other voting securities or equity interests of each Subsidiary
of Halley have been duly authorized and validly issued. All outstanding shares of capital stock and other voting securities or
equity interests of each such Subsidiary are owned by Halley or a wholly owned Subsidiary of Halley, free and clear of all liens,
claims, mortgages, options, rights of first refusal, encumbrances, pledges and security interests or charges of any kind or nature
whatsoever (including any limitation on voting, sale, transfer or other disposition or exercise of any other attribute of ownership)
(collectively, &ldquo;<U>Liens</U>&rdquo;), other than restrictions imposed by applicable securities laws, immaterial Liens and
Liens securing Indebtedness reflected on the most recent consolidated balance sheet of Halley included in the Halley SEC Documents
filed with the SEC prior to the date of this Agreement or incurred by Halley or any of its Subsidiaries in the Ordinary Course
of business since the date of such consolidated balance sheet. Neither Halley nor any of its Subsidiaries has outstanding any
bonds, debentures or notes having the right to vote (or convertible into, or exchangeable or exercisable for, securities having
the right to vote) on any matter with the holders of shares capital stock or other equity interests of any such Subsidiary. There
are no other outstanding (A)&nbsp;shares of capital stock or other voting securities or equity interests of any Subsidiary of
Halley (other than shares of capital stock or other voting securities or equity interests owned by Halley or a wholly owned Subsidiary
of Halley), (B)&nbsp;securities of Halley or any of its Subsidiaries convertible into or exchangeable or exercisable for shares
of capital stock of any Subsidiary of Halley or other voting securities or equity</FONT></P>

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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt"> interests of any Subsidiary of Halley, (C)&nbsp;stock
appreciation rights, &ldquo;phantom&rdquo; stock rights, performance units, interests in or rights to the ownership or earnings
of Halley or any of its Subsidiaries or other equity equivalent or equity-based awards or rights, (D) subscriptions, options,
warrants, calls, commitments, Contracts or other rights to acquire from Halley or any of its Subsidiaries, or obligations of Halley
or any of its Subsidiaries to issue, any shares of capital stock of any Subsidiary of Halley, voting securities, equity interests
or securities convertible into or exchangeable or exercisable for capital stock or other voting securities or equity interests
of any Subsidiary of Halley or rights or interests described in the preceding clause (C), or (E)&nbsp;obligations of Halley or
any of its Subsidiaries to repurchase, redeem or otherwise acquire any such securities or to issue, grant, deliver or sell, or
cause to be issued, granted, delivered or sold, any such securities. There are no stockholder agreements, voting trusts or other
agreements or understandings to which Halley or any of its Subsidiaries is a party with respect to the holding, voting, registration,
redemption, repurchase or disposition of, or that restricts the transfer of, any capital stock or other voting securities or equity
interests of any Subsidiary of Halley. Except for the capital stock of, or other equity or voting interests in, its Subsidiaries
and Saturn and its Subsidiaries, Halley does not own, directly or indirectly, any equity, membership interest, partnership interest,
joint venture interest, or other equity or voting interest in, or any interest convertible into, exercisable or exchangeable for
any of the foregoing, which interest is material to Halley and its Subsidiaries, taken as a whole.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>




<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section
4.4<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Authority</U>.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Each of Halley and Merger Sub has all necessary corporate power and authority to execute, deliver and perform its obligations
under, as applicable, this Agreement, the Saturn Support Agreement, the Halley Support Agreements and the Post-Closing Stockholders
Agreement and to consummate the transactions contemplated hereby and thereby, including the Merger, the Share Issuance and the
Charter Amendment. The execution, delivery and performance of this Agreement, the Saturn Support Agreement, the Halley Support
Agreements and the Post-Closing Stockholders Agreement by Halley and/or Merger Sub, as applicable, and the consummation by Halley
and/or Merger Sub, as applicable, of the transactions contemplated hereby and thereby, including the Merger, the Share Issuance
and the Charter Amendment, as applicable, have been duly authorized by all necessary corporate action on the part of Halley and
Merger Sub and no other corporate proceedings on the part of Halley or Merger Sub are necessary to approve this Agreement, the
Saturn Support Agreement, the Halley Support Agreements or the Post-Closing Stockholders Agreement or to consummate the Merger,
the Share Issuance, the Charter Amendment and the other transactions contemplated hereby and thereby, other than, in the case
of the consummation by Halley of the Share Issuance and the Charter Amendment, the Halley Stockholder Approval and in the case
of the consummation by Merger Sub of the Merger, the Merger Sub Stockholder Approval. Each of this Agreement, the Saturn Support
Agreement, the Halley Support Agreements and the Post-Closing Stockholders Agreement has been duly executed and delivered by Halley
and/or Merger Sub, as applicable, and, assuming the due authorization, execution and delivery by the other parties thereto, constitutes
a valid and binding obligation of each of Halley and/or Merger Sub, as applicable, enforceable against each of Halley and/or Merger
Sub, as applicable, in accordance with its terms (except to the extent that enforceability may be limited by applicable bankruptcy,
insolvency, moratorium, reorganization or similar Laws affecting the enforcement of creditors&rsquo; rights generally or by general
principles of equity).</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The board of directors of Halley, at a meeting duly called and held, has adopted resolutions, which have not been amended
or withdrawn as of the date of this Agreement, (i)&nbsp;determining that the terms of this Agreement, the Saturn Support Agreement,
the Halley Support Agreements, the Registration Rights Agreement, the Post-Closing Stockholders Agreement, the Amended and Restated
Halley Charter, the Amended and Restated Halley Bylaws, the Merger, the Share Issuance, and the Charter Amendment, and the other
transactions contemplated hereby or thereby are fair to and in the best </FONT></P>

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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">interests of Halley&rsquo;s stockholders, (ii)&nbsp;approving
and declaring advisable this Agreement, the Saturn Support Agreement, the Halley Support Agreements, the Registration Rights Agreement,
the Post-Closing Stockholders Agreement, the Amended and Restated Halley Charter, the Amended and Restated Halley Bylaws, and
the transactions contemplated hereby and thereby, including the Merger, the Share Issuance and the Charter Amendment, (iii)&nbsp;directing
that the Charter Amendment and the Share Issuance be submitted to the stockholders of Halley for their consideration and (iv)
resolving to recommend that stockholders of Halley vote in favor of the approval of the Charter Amendment and the Share Issuance.
For the avoidance of doubt, any change in or modification or rescission of the board of directors of Halley&rsquo;s recommendation
in accordance with <U>Section 5.3</U> shall not be a breach of the immediately preceding sentence.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The Halley Stockholder Approval and the consent provisions of the Halley Support Agreement entered into between Halley
and F are the only approvals of the holders of any class or series of Halley&rsquo;s capital stock or other securities required
in connection with the consummation of any of the transactions contemplated hereby or by the Saturn Support Agreement, the Halley
Support Agreements, the Post-Closing Stockholders Agreement or the Amended and Restated Halley Charter, including the Merger,
the Share Issuance and the Charter Amendment, under applicable Law, the Halley Charter or the Halley Bylaws.</FONT></P>




<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The board of directors of Merger Sub 1 has adopted resolutions (i)&nbsp;determining that the terms of this Agreement, the
First Merger and the other transactions contemplated hereby are fair to and in the best interests of Merger Sub 1 and Merger Sub
1&rsquo;s sole stockholder, (ii)&nbsp;approving and declaring advisable this Agreement and the transactions contemplated hereby,
including the First Merger, (iii)&nbsp;directing that this Agreement be submitted to Halley, as Merger Sub 1&rsquo;s sole stockholder,
for its consideration and (iv)&nbsp;recommending that Halley, as Merger Sub 1&rsquo;s sole stockholder, vote or act by written
consent to approve or adopt this Agreement, and the transactions contemplated hereby, including the First Merger, which resolutions
have not been subsequently rescinded, modified or withdrawn in any way.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(e)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The Merger Sub Stockholder Approval is the only vote of the holders of any class or series of capital stock or other securities
of Merger Sub required in connection with the consummation of any of the transactions contemplated hereby, including the Merger.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section
4.5<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>No Conflict; Consents and Approvals</U>.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The execution, delivery and performance of this Agreement, the Saturn Support Agreement, the Halley Support Agreements,
and the Post-Closing Stockholders Agreement by Halley and Merger Sub, as applicable, does not and will not, and the consummation
of the Merger, the Share Issuance and the Charter Amendment and the other transactions contemplated hereby and thereby and compliance
by each of Halley and Merger Sub with the provisions hereof and thereof will not, (i)&nbsp;conflict with or violate the Halley
Charter, the Halley Bylaws or the articles of incorporation or bylaws of Merger Sub, (ii) conflict with, or result in any violation
or breach of, or default (with or without notice or lapse of time, or both) under, or give rise to a right of, or result in, termination,
cancellation, modification or acceleration of any obligation or to the loss of a material benefit under, or result in the creation
of any Lien in or upon any of the material properties, assets or rights of Halley or any of its Subsidiaries, including Merger
Sub, under any Contract to which Halley or any of its Subsidiaries is a party or by which Halley or any of its Subsidiaries or
any of their respective properties or assets may be bound or (iii)&nbsp;subject to the governmental and regulatory filings and
other matters referred to in <U>Section 4.5(b)</U>, conflict with or violate any Law applicable to Halley or any of its Subsidiaries
or by which Halley or any of its Subsidiaries or any of their respective properties or assets may be bound, except in the cases
of clauses (ii) and (iii) above for any such conflicts, violations, breaches, defaults or other occurrences, </FONT></P>

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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">individually or in
the aggregate, that would not reasonably be expected to have a Halley Material Adverse Effect.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>No
consent, approval, order or authorization of, or registration, declaration, filing with or notice to, any Governmental Entity
is required by or with respect to Halley or any of its Subsidiaries in connection with the execution, delivery and
performance of this Agreement, the Saturn Support Agreement, the Halley Support Agreements or the Post-Closing Stockholders
Agreement by Halley and Merger Sub, as applicable, or the consummation by Halley and/or Merger Sub, as applicable, of the
Merger, the Share Issuance, the Charter Amendment and the other transactions contemplated hereby or thereby or compliance
with the provisions hereof or thereof, except for (i)&nbsp;such filings and reports as may be required pursuant to the
applicable requirements of the Securities Act, the Exchange Act and any other applicable state or federal corporation or
securities Laws and &ldquo;blue sky&rdquo; Laws, (ii)&nbsp;the filing of the Certificate of First Merger with the Secretary
of State of the State of Delaware as required by the DGCL or any other filings and approvals required by the DGCL, (iii) the
filing of the Certificate of Second Merger with the Secretary of State of the State of Delaware as required by the DGCL and
the LLC Act or any other filings and approvals required by the DGCL and the LLC Act, (iv)&nbsp;the filing of the Amended and
Restated Halley Charter with the Secretary of State of the State of Delaware as required by the DGCL or any other filings and
approvals required by the DGCL, (v) any filings and approvals required under the rules and regulations of the NYSE, (vi) such
other items required by reason of the participation of Saturn in the transactions contemplated hereby, and (vii) such other
consents, approvals, orders, authorizations, registrations, declarations, filings or notices the failure of which to be
obtained or made, individually or in the aggregate, have not had and would not reasonably be expected to have a Halley
Material Adverse Effect.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section
4.6<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>SEC Reports; Financial Statements</U>.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Halley has filed with or furnished to the SEC on a timely basis all forms, reports, schedules, statements and other documents
required to be filed with or furnished to the SEC by Halley since January&nbsp;1, 2016 (all such documents, together with all
exhibits and schedules to the foregoing materials and all information incorporated therein by reference, and any amendments or
supplements thereto, the &ldquo;<U>Halley SEC Documents</U>&rdquo;). True, correct and complete copies of all Halley SEC Documents
are publicly available in the Electronic Data Gathering, Analysis, and Retrieval database of the SEC. As of their respective filing
or furnished dates (or, if amended or superseded by a filing or a document furnished prior to the date of this Agreement, then
on such filing or furnished date), the Halley SEC Documents complied in all material respects with the applicable requirements
of the Securities Act and the Exchange Act, as the case may be, including, in each case, the rules and regulations promulgated
thereunder, and none of the Halley SEC Documents at the time it was filed or furnished contained any untrue statement of a material
fact or omitted to state a material fact required to be stated therein or necessary in order to make the statements therein, in
light of the circumstances under which they were made, not misleading. None of Halley&rsquo;s Subsidiaries is required to file
or furnish any forms, reports, schedules, statements or other documents with the SEC.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The consolidated financial statements (including the related notes and any schedules thereto) included (or incorporated
by reference) in the Halley SEC Documents (i)&nbsp;have been prepared in accordance with GAAP (except, in the case of unaudited
statements, as permitted by Form&nbsp;10-Q of the SEC) applied on a consistent basis during the periods involved (except as may
be indicated in the notes thereto, or, in the case of unaudited statements, as permitted by Rule 10-01 of Regulation S-X of the
Exchange Act), (ii) comply as to form in all material respects with applicable accounting requirements and the published rules
and regulations of the SEC with respect thereto and (iii) fairly present in all material respects in accordance with GAAP the
consolidated financial position of Halley and its Subsidiaries as of the dates thereof and their consolidated results of operations,
cash flows </FONT></P>

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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">and changes in stockholders equity for the periods reflected therein (subject, in the case of unaudited interim statements,
to normal year-end audit adjustments, to the absence of notes and to any other adjustments described therein, including any notes
thereto, in each case, that were not, or are not expected to be, individually or in the aggregate, material in amount). Since
January&nbsp;1, 2016, Halley has not made any change in the accounting practices or policies applied in the preparation of its
financial statements, except as required by GAAP, SEC rule or policy or applicable Law.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Halley
has established and maintains &ldquo;disclosure controls and procedures&rdquo; (as defined in Rules 13a-15(e) and 15d-15(e)
under the Exchange Act). Such disclosure controls and procedures are designed to ensure that information (both financial and
non-financial) relating to Halley, including its consolidated Subsidiaries, required to be disclosed in Halley&rsquo;s
periodic and current reports under the Exchange Act, is recorded, processed, summarized and reported within the time periods
specified in the rules and forms of the SEC, and that all such information is accumulated and made known to Halley&rsquo;s
management, including its principal executive and principal financial officers, or others performing similar functions, as
appropriate, to allow timely decisions regarding required disclosures as required under the Exchange Act. Halley&rsquo;s
management has evaluated, with the participation of Halley&rsquo;s principal executive and principal financial officers, or
persons performing similar functions, the effectiveness of Halley&rsquo;s disclosure controls and procedures and, to the
extent required by applicable Law, presented in any applicable Halley SEC Document that is a report on Form 10-K or Form
10-Q, or any amendment thereto, their conclusions about the effectiveness of the disclosure controls and procedures as of the
end of the period covered by such report or amendment based on such evaluation.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Halley and its Subsidiaries have established and maintain a system of &ldquo;internal control over financial reporting&rdquo;
(as defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act) regarding the reliability of Halley&rsquo;s financial reporting
and the preparation of Halley&rsquo;s financial statements for external purposes in accordance with GAAP which is sufficient to
provide reasonable assurance (i) that records are maintained in reasonable detail to accurately and fairly reflect the transactions
and dispositions of the assets of Halley and its Subsidiaries, (ii) that transactions are recorded as necessary to permit preparation
of financial statements in conformity with GAAP, consistently applied, (iii) that transactions are executed only in accordance
with the authorization of management and (iv) regarding prevention or timely detection of the unauthorized acquisition, use or
disposition of the properties or assets of Halley and its Subsidiaries. Halley has disclosed, based on its most recent evaluation
of Halley&rsquo;s internal control over financial reporting prior to the date hereof, to Halley&rsquo;s auditors and audit committee,
which disclosure is set forth in <U>Section 4.6(d)</U> of the Halley Disclosure Letter (A) any significant deficiencies and material
weaknesses in the design or operation of Halley&rsquo;s internal control over financial reporting which are reasonably likely
to adversely affect Halley&rsquo;s ability to record, process, summarize and report financial information and (B) any fraud, whether
or not material, that involves management or other employees who have a significant role in Halley&rsquo;s internal control over
financial reporting. Since January&nbsp;1, 2016, any material change in internal control over financial reporting required to
be disclosed in any Halley SEC Document has been so disclosed.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(e)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Since January&nbsp;1, 2016, neither Halley nor any of its Subsidiaries, nor to the knowledge of Halley, any director, officer,
employee, auditor, accountant or representative of Halley or any of its Subsidiaries, has received or otherwise had or obtained
knowledge of any material complaint, allegation, assertion or claim, whether written or oral, regarding the accounting or auditing
practices, procedures, methodologies or methods of Halley or any of its Subsidiaries or their respective internal accounting controls,
including any material complaint, allegation, assertion or claim relating to an individual with responsibility for these matters
or that Halley or any of its Subsidiaries has engaged in improper accounting or auditing practices.</FONT></P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(f)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>There are no outstanding or unresolved comments in the comment letters received from the SEC staff with respect to the
Halley SEC Documents. None of the Halley SEC Documents is subject to ongoing review or outstanding SEC comment or investigation.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(g)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Neither Halley nor any of its Subsidiaries is a party to, or has any commitment to become a party to, any joint venture,
off balance sheet partnership or any similar Contract (including any Contract or arrangement relating to any transaction or relationship
between or among Halley and any of its Subsidiaries, on the one hand, and any unconsolidated Affiliate of Halley, including any
structured finance, special purpose or limited purpose entity or Person, on the other hand, or any &ldquo;off balance sheet arrangements&rdquo;
(as defined in Item 303(a) of Regulation S-K of the SEC)).</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section
4.7<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><U>No
Undisclosed Liabilities</U>. Neither Halley nor any of its Subsidiaries has, or is subject to, any liabilities or obligations
of any nature, whether accrued, absolute, contingent or otherwise, known or unknown, whether due or to become due and whether
or not required to be recorded or reflected on a consolidated balance sheet under GAAP, except (a)&nbsp;to the
extent accrued, reflected, disclosed or reserved against on the most recent consolidated balance sheet (as amended or
restated prior to the date hereof, if applicable) of Halley included in the Halley SEC Documents filed prior to the date
hereof, (b) for liabilities incurred in the Ordinary Course of business since the date of such balance sheet, (c) for
liabilities or obligations arising out of this Agreement or the transactions contemplated hereby, and (d)&nbsp;for
liabilities and obligations that, individually or in the aggregate, have not had and would not reasonably be expected to have
a Halley Material Adverse Effect.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section
4.8<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Certain Information</U>. None of the information supplied or to be supplied by or on behalf of Halley or Merger Sub
specifically for inclusion or incorporation by reference in the Form&nbsp;S-4 will, at the time the Form&nbsp;S-4 is filed with
the SEC, at the time of any amendment or supplement thereto or at the time it (or any post-effective amendment or supplement)
becomes effective under the Securities Act, contain any untrue statement of a material fact or omit to state any material fact
required to be stated therein or necessary to make the statements therein not misleading. None of the information supplied or
to be supplied by or on behalf of Halley or Merger Sub specifically for inclusion or incorporation by reference in the Joint Proxy
Statement/Prospectus will, at the time it is first mailed to Saturn&rsquo;s stockholders or Halley&rsquo;s stockholders or at
the time of the Halley Stockholders Meeting or Saturn Stockholders Meeting, contain any untrue statement of a material fact or
omit to state any material fact required to be stated therein or necessary to make the statements therein, in light of the circumstances
under which they are made, not misleading. The Form S-4 and the Joint Proxy Statement/Prospectus will comply as to form in all
material respects with the provisions of the Securities Act and the Exchange Act (i) at the times the Form S-4 is filed with the
SEC and at the time the Form S-4 becomes effective, (ii) at the times the Joint Proxy Statement/Prospectus is mailed to Saturn&rsquo;s
stockholders and Halley&rsquo;s stockholders and (iii) at the time of the Saturn Stockholders Meeting and Halley Stockholders
Meeting. The representations and warranties contained in this <U>Section 4.8</U> do not and will not apply to statements included
or incorporated by reference in the Form&nbsp;S-4 or the Joint Proxy Statement/Prospectus based on information supplied by or
on behalf of Saturn specifically for inclusion or incorporation by reference therein.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section
4.9<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Absence of Certain Changes or Events</U>. Since December 31, 2017 through the date of this Agreement, Halley and its
Subsidiaries have conducted their respective businesses in the Ordinary Course in all material respects.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section
4.10<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><U>Litigation</U>.
As of the date hereof, there is no Action pending or, to the knowledge of Halley, threatened against or affecting Halley or any
of its Subsidiaries, any of their respective properties or assets, any present or former officer, director or employee of Halley
or any of its Subsidiaries in such individual&rsquo;s capacity as such, or any other Person whose liability with respect to such
</FONT></P>

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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">Action has been assumed or retained by Halley or one of its Subsidiaries, either contractually or by operation of Law, except
as has not or would not reasonably be expected to have a Halley Material Adverse Effect. As of the date hereof, neither Halley
nor any of its Subsidiaries nor any of their respective material properties or material assets is subject to any outstanding judgment,
order, injunction, rule or decree of any Governmental Entity, except as has not or would not reasonably be expected to have a
Halley Material Adverse Effect. As of the date of this Agreement, there is no Action pending or, to the knowledge of Halley, threatened
in writing against Halley or any of its Subsidiaries seeking to prevent, hinder, modify, delay or challenge the Merger, the Share
Issuance, the Charter Amendment, or any of the other transactions contemplated by this Agreement, the Halley Support Agreement,
the Saturn Support Agreement, or Post-Closing Stockholders Agreement.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section
4.11<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><U>Compliance
with Laws</U>. Halley and each of its Subsidiaries are and, since January 1, 2016, have been in compliance with all Laws applicable
to their businesses, operations, properties or assets except where any non-compliance, individually or the aggregate, has not
had and would not reasonably be expected to have a Halley Material Adverse Effect. None of Halley or any of its Subsidiaries has
received, since January&nbsp;1, 2016, a notice or other written communication from any Governmental Entity or Person alleging
or relating to a possible failure of Halley or any of its Subsidiaries to so be in compliance that, individually or in the aggregate,
has had or would reasonably be expected to have a Halley Material Adverse Effect.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>




<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section
4.12<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><U>Taxes</U>.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(a)
Neither Halley nor any of its Subsidiaries has taken or agreed to take any action or knows of any fact or circumstance that is
reasonably likely to prevent or impede the Merger from qualifying as a &ldquo;reorganization&rdquo; within the meaning of Section
368(a) of the Code.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Except as has not had and would not reasonably be expected to have, individually or in the aggregate, a Halley Material
Adverse Effect:</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Each of Halley and its Subsidiaries has (i) timely filed or caused to be timely filed (taking into account any extensions)
all Tax Returns required to have been filed by it and all such Tax Returns are true, correct and complete; and (ii) timely paid
all Taxes required to have been paid by it (whether or not shown on any Tax Return).</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(ii)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>There is no action, suit, audit, examination, investigation or other proceeding now pending or that has been proposed in
writing with respect to Halley or any of its Subsidiaries in respect of any Tax.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(iii)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Each of Halley and its Subsidiaries has complied with all Laws relating to the payment, withholding, collection and remittance
of Taxes, including with respect to any payments made to any employee, creditor, stockholder, customer or third party.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(iv)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Neither Halley nor any of its Subsidiaries has consented to extend the time, or is the beneficiary of any extension of
time, in which any amount of Tax may be assessed or collected by any Taxing Authority (other than any extension which is no longer
in effect).</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(v)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>No claim has been made by any Governmental Entity in a jurisdiction where Halley or any of its Subsidiaries has not filed
Tax Returns indicating that Halley or such Subsidiary is or may be subject to any taxation by such jurisdiction.</FONT></P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(vi)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Neither Halley nor any of its Subsidiaries (i) is a party to or is otherwise bound by any Tax sharing, allocation or indemnification
agreement or arrangement; or (ii) has any liability for Taxes of any Person (other than Halley, Saturn or any of their respective
Subsidiaries) under Treasury Regulation Section 1.1502-6 (or any similar provision of state, local or foreign Law), as a transferee
or successor, or otherwise. Neither Halley nor any of its Subsidiaries has been a member of an affiliated, consolidated, combined,
unitary or similar group for Tax purposes (other than a group the common parent of which is Halley).</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(vii)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>There are no Liens for Taxes on any asset of Halley or any of its Subsidiaries, other than liens for taxes or other payments
that are not yet due and payable or liens for taxes being contested in good faith and by appropriate proceedings and for which
adequate reserves have been established in accordance with GAAP.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(viii)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Neither Halley nor any of its Subsidiaries has distributed stock of another Person, or has had its stock distributed by
another Person, in a transaction that was purported or intended to be governed in whole or in part by Section 355 or Section 361
of the Code within the last two (2) years.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(ix)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Neither Halley nor any of its Subsidiaries has received any letter ruling from, or entered into any closing agreement with,
the Internal Revenue Service or any other Governmental Entity.</FONT></P>




<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(x)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Neither Halley nor any of its Subsidiaries has participated in any &ldquo;listed transaction&rdquo; as defined in Treasury
Regulations Section 1.6011-4(b)(2).</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(xi)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Except as set forth on <U>Section 4.12(b)(xi)</U> of the Halley Disclosure Letter, the Board of Directors of Halley has
never approved, pursuant to Section (c)(ii) of Section XII of the Halley Charter, any Transfer (as defined in the Halley Charter)
that was subject to the restrictions set forth in Section (c)(i) of Article XII of the Halley Charter.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section
4.13<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><U>State
Takeover Statutes</U>. Assuming the accuracy of the representations and warranties contained in <U>Article III</U>, the board
of directors of Halley has taken such actions and votes necessary to render the provisions of any Takeover Laws inapplicable to
this Agreement, the Saturn Support Agreement, the Halley Support Agreements or the Post-Closing Stockholders Agreement, the Merger,
the Share Issuance, the Charter Amendment or any of the transactions contemplated hereby or thereby.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section
4.14<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><U>Related
Party Transactions</U>. During the period commencing on the date of Halley&rsquo;s last quarterly report on Form 10-Q filed with
the SEC through the date of this Agreement, Halley has not entered into any transactions that would be required to be reported
by Saturn on Form 10-Q pursuant to Item 404 of Regulation S-K promulgated by the SEC, except for transactions after the date hereof
that are permitted by <U>Section 5.1(i)</U>.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section
4.15<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><U>Indemnification
Agreement</U>. Neither Halley nor any of its Subsidiaries is party to any Contracts currently in effect or with continuing obligation
pursuant to which they are required to indemnify or reimburse the expenses of (a) any of Halley&rsquo;s directors or officers,
in each case other than Contracts with terms and conditions consistent with those of Halley&rsquo;s publicly available forms of
such Contracts, or (b) any Affiliate of Halley (including L, F or any of their respective Affiliates (other than Halley and its
Subsidiaries)).</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section
4.16<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><U>Brokers</U>.
No broker, investment banker, financial advisor or other Person, other than J.P. Morgan Securities LLC (the &ldquo;Halley Financial
Advisor&rdquo;) and Jefferies LLC, the fees and</FONT></P>

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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">expenses of which will be paid by Halley, is entitled to any broker&rsquo;s, finder&rsquo;s,
financial advisor&rsquo;s or other similar fee or commission in connection with the transactions contemplated by this Agreement
based upon arrangements made by or on behalf of Halley or any of its Affiliates.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section
4.17<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><U>Opinion
of Halley Financial Advisor</U>. The board of directors of Halley has received the oral opinion (to be confirmed in writing) of
the Halley Financial Advisor to the effect that, as of the date of such opinion and based on and subject to the assumptions, procedures,
factors, qualifications and limitations set forth in such opinion, the Halley Share Consolidation Ratio in the transactions contemplated
by this Agreement is fair, from a financial point of view, to the holders of Halley Common Stock. A copy of such opinion will
be delivered promptly after the date hereof to Saturn for informational purposes only and it is agreed and understood that such
opinions may not be relied on by Saturn, or any director, officer or employee of Saturn.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section
4.18<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><U>Merger
Sub</U>. Each Merger Sub was incorporated or formed, as applicable, solely for the purpose of engaging in the Merger and the other
transactions contemplated hereby and has engaged in no business other than in connection with the transactions contemplated by
this Agreement. Merger Sub 2 is, for U.S. federal income tax purposes, an entity disregarded as separate from Halley.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section
4.19<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><U>No
Other Representations and Warranties</U>. Each of Halley and Merger Sub has made its own inquiry and investigation into
Saturn and its Affiliates and has made an independent judgment concerning the transactions contemplated by this
Agreement.&nbsp; Each of Halley and Merger Sub represents, warrants, acknowledges and agrees that except for the
representations and warranties of Saturn contained in this Agreement and the Saturn Support Agreement, none of Saturn, its
Affiliates or any of their respective Representatives, nor any other Person, makes or has made, and none of Halley, Merger
Sub, their Affiliates or any of their respective Representatives, nor any other Person, has relied upon, any express or
implied representation or warranty with respect to Saturn or its Affiliates or their respective businesses, operations,
assets, liabilities, condition (financial or otherwise) or prospects, or with respect to any information provided or made
available to Halley, Merger Sub, their respective Representatives or any other Person in connection with the transactions
contemplated hereby, including the accuracy, completeness or currency thereof.&nbsp; Without limiting the generality of the
foregoing, none of Saturn, its Affiliates or any of their respective Representatives nor any other Person makes or has made,
and none of Halley, Merger Sub, their respective Representatives nor any other Person has relied upon, any express or implied
representation or warranty with respect to any projections, forecasts or other estimates, plans or budgets of
future revenues, expenses or expenditures, future results of operations (or any component thereof), future cash flows (or any
component thereof) or future financial condition (or any component thereof) of Saturn, its Affiliates or the future
businesses, operations or affairs of Saturn or its Affiliates or any other&nbsp;information, documents, projections,
estimates, forecasts or other material made available to Halley, Merger Sub, any of their Representatives or any other Person
in any physical or virtual data room or management presentations in connection with the transactions contemplated by this
Agreement or otherwise, or the accuracy or completeness of such information, except to the extent any such information is
expressly addressed by a representation or warranty contained in this Agreement or the Saturn Support Agreement (and then
only to the extent so expressly addressed), and none of Saturn, its Affiliates or any of their respective Representatives,
nor any other Person, will have or be subject to any liability or indemnification obligation to Halley, Merger Sub, the
Surviving Corporation, their respective Affiliates or any other Person in connection therewith.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><FONT STYLE="font-size: 10pt; text-transform: uppercase">Article
V </FONT><FONT STYLE="font-size: 10pt"><BR>
COVENANTS</FONT></P>

<P STYLE="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section
5.1<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Conduct of Business by Halley</U>. From and after the date hereof until the earlier of the Effective Time and the termination
of this Agreement in accordance with its terms, except as (A) </FONT></P>

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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">may be required by applicable Law, (B) consented to in writing in
advance by Saturn (which consent shall not be unreasonably withheld, delayed or conditioned), (C) otherwise specifically contemplated
by this Agreement or (D) set forth in <U>Section 5.1</U> of the Halley Disclosure Letter, Halley (x) shall, and shall cause each
of its Subsidiaries to, carry on its business in the Ordinary Course (including using commercially reasonable efforts to maintain
insurance reasonably required for the operation of its business in the Ordinary Course and make any required filings under applicable
Law), and (y) shall not, and shall not permit any of its Subsidiaries to, do any of the following (it being understood that if
any action is permitted by any of the following subsections pursuant to an exception to conduct that would otherwise be prohibited,
such action shall be permitted under this <U>Section 5.1</U>):</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>(A)
declare, set aside or pay any dividends on, or make any other distributions (whether in cash, stock or property) in respect
of, any of its capital stock or other equity interests, except for dividends by a direct or indirect wholly owned
Subsidiary of Halley to its parent, or, (B) purchase, redeem or otherwise acquire shares of capital stock or other equity
interests or rights of Halley or its Subsidiaries or any options, warrants, or rights to acquire any such shares or other
equity interests or rights, other than (x) the acquisition of shares of capital stock or other equity interests or rights of
a direct or indirect wholly owned Subsidiary of Halley from Halley or any other direct or indirect wholly owned Subsidiary of
Halley, or (y) the acquisition of Halley Common Stock upon the exercise, settlement, or vesting of Halley Equity Awards
outstanding as of the date hereof (in accordance with their terms as of the date hereof), or (C) split, combine, reclassify,
subdivide or otherwise amend the terms of any of its capital stock or other equity interests or rights or issue or authorize
the issuance of any other securities in respect of, in lieu of or in substitution for shares of its capital stock or other
equity interests or rights, other than as permitted by the proviso in clause (b) below;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>except for transactions solely among Halley and its wholly owned Subsidiaries or among Halley&rsquo;s wholly owned Subsidiaries,
(i) issue, sell, pledge, dispose of, encumber, transfer, award or grant any shares of its capital stock, or (ii) issue, award
or grant any shares of its Subsidiaries&rsquo; capital stock, or in each case of clauses (i) and (ii), any options, warrants,
convertible securities or other rights of any kind to acquire the same; provided, however, that Halley may issue shares upon the
exercise, payment or settlement of any Halley Warrants or Halley Equity Awards outstanding as of the date hereof (in accordance
with their terms as of the date hereof);</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>amend, restate or otherwise change, or authorize or propose to amend, restate or otherwise change the certificate of incorporation
or bylaws (or similar organizational documents) of (i) Halley, or (ii) any Subsidiary of Halley, in the case of this clause (ii)
to the extent such amendment, restatement or change would, individually or in the aggregate, reasonably be expected to prevent
or materially delay or make more unlikely to occur the consummation of the Merger and the other transactions contemplated hereby;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>(i) acquire or agree to acquire by merging or consolidating with, or purchasing any equity or assets of, any corporation,
partnership, association or other business organization or division or line of business thereof or (ii) otherwise purchase, lease,
license or otherwise acquire any assets or properties of any other Person, other than in the case of this clause (ii), in the
Ordinary Course of business;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(e)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>directly or indirectly sell, pledge, transfer, lease or otherwise dispose of any of the properties, assets or rights listed
on <U>Section 5.1(e)</U> of the Halley Disclosure Letter, in each case unless such sale, pledge, transfer, lease or disposition
is carried out in a manner consistent with the descriptions and requirements set forth therein;</FONT></P>

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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt"></FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(f)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>adopt or enter into a plan of complete or partial liquidation or dissolution, merger, consolidation, restructuring, recapitalization
or other reorganization, except for transactions solely among Halley&rsquo;s wholly owned Subsidiaries (including, for the avoidance
of doubt, a complete or partial liquidation or dissolution of any Subsidiary of Halley) or in compliance with <U>Section 5.3</U>;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(g)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>incur or commit to incur, create, prepay, refinance, assume or guarantee for any Person, any Indebtedness, or amend, modify
or refinance any Indebtedness, except (i) the incurrence of Indebtedness under Halley&rsquo;s existing credit facilities in the
Ordinary Course, (ii) interest accruals on any existing Indebtedness (which for the avoidance of doubt shall constitute Indebtedness
hereunder), including for clarity any payments in respect thereof, and (iii) any prepayment of Indebtedness (and any related prepayment,
&ldquo;make whole&rdquo; or similar payments) provided that Halley first provides Saturn reasonable advance notice thereof;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(h)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>incur or commit to incur any capital expenditure or authorization or commitment with respect thereto, except to the extent
funded or paid in full prior to, and with no continuing obligation following, the Closing (it being understood, for the avoidance
of doubt and without duplication, that any such capital expenditures actually incurred shall be included in the calculation of
Closing Cash);</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>enter
into any arrangement, understanding, or Contract with any director, officer or Affiliate of Halley or other Contract or a
transaction of a type that would be required to be disclosed under Item 404 of Regulation S-K under the Securities Act,
except to the extent satisfied and terminated prior to the Closing Date with no further obligation or liability of or to
Halley or any of its Subsidiaries following the Closing (other than customary indemnification obligations under Contracts
entered into in the Ordinary Course);</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(j)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>except in the Ordinary Course, (A) enter into, materially modify, amend, renew, terminate, cancel or extend any material
Contract (other than terminations thereof upon the expiration of any such Contract in accordance with its terms), or (B) waive,
release, assign or otherwise forego any material right or claim of Halley or any of its Subsidiaries under any material Contract;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(k)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>make any material change to its financial accounting methods, or procedures except (A) insofar as may have been required
by GAAP (or any interpretation thereof), SEC rules and regulations or a Governmental Entity or quasi-Governmental Entity (including
the Financial Accounting Standards Board or any similar organization), (B) as disclosed in the Halley SEC Documents filed with
the SEC prior to the date of this Agreement; or (C) in conformity with changes made by Spectrum;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(l)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>(A) make or change any material Tax election, (B) file any amendment to any material Tax Return, (C) settle or compromise
any material Tax audit or enter into any material closing agreement, (D) change any annual Tax accounting period, (E) adopt or
change any material Tax accounting method, (F) surrender any right to claim a material refund of Taxes, (G) consent to any extension
or waiver of the limitation period applicable to any Tax claim or assessment relating to Halley, (H) file Tax Returns or register
to do business in any jurisdiction in which Halley did not file Tax Returns or was not registered to do business in as of the
date hereof or (I) approve any Transfer (as defined in the Halley Charter) of Halley Common Stock pursuant to, or grant any waiver
of the restrictions contained in, Section (c)(ii) of Article XII of the Halley Charter;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(m)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>except (i) as required pursuant to existing written agreements or Halley Plans in effect as of the date hereof and as set
forth in <U>Section 5.1(m)</U> of the Halley Disclosure Letter, or (ii) for the termination of employees in the Ordinary Course
and the entry into any agreements related thereto (it being understood that any payment related to or arising from any such termination
or related agreement will be deemed to constitute Halley Final Unpaid Transaction Expenses to the extent unpaid as of the </FONT></P>

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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">Adjustment
Measurement Date), (A) adopt, enter into, amend, modify or terminate, or take any action to accelerate, the funding vesting or
payment of any compensation or benefit under, any Halley Plan, (B) increase the compensation or other benefits payable or to become
payable to directors, employees, consultants or independent contractors of Halley or any of its Subsidiaries, (C) grant any severance,
change of control, retention or termination pay to, or enter into, or amend or modify, any severance, change of control, retention
or termination agreement or arrangement with, any director, employee, consultant or independent contractor of Halley or any of
its Subsidiaries, (D) enter into any written agreement with an employee other than in the Ordinary Course or (E) establish, adopt,
enter into, modify or amend any CBA, plan, trust, fund, policy or arrangement for the benefit of any current or former directors
or employees or any of their beneficiaries;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(n)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>waive, release, settle or agree to the entry of any order, in respect of any claim or Action of or against Halley or any
of its Subsidiaries, other than (i) settlements or orders that involve only the payment of monetary damages that do not result
in liability or cost to Halley or any of its Subsidiaries following the Closing Date, (ii) claims arising between the parties
to this Agreement, or (iii) in compliance with <U>Section 5.8</U> (it being understood that Halley shall reasonably consult with
Saturn in connection with any proposed settlement of any Action);</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(o)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>enter into any line of business; or</FONT></P>




<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(p)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>authorize any of, or commit, resolve or agree to take any of, the foregoing actions.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section
5.2<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Conduct of Business by Saturn</U>. From and after the date hereof until the earlier of the Effective Time and the termination
of this Agreement in accordance with its terms, except as (A) may be required by applicable Law, (B) consented to in writing in
advance by Halley (which consent shall not be unreasonably withheld, delayed or conditioned), (C) otherwise specifically contemplated
by this Agreement or (D) set forth in <U>Section 5.2</U> of the Saturn Disclosure Letter, Saturn shall not, and shall not permit
any of its Subsidiaries to, do any of the following (it being understood that if any action is permitted by any of the following
subsections pursuant to an exception to conduct that would otherwise be prohibited, such action shall be permitted under this
<U>Section 5.2</U>):</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>(A) declare, set aside or pay any dividends on, or make any other distributions (whether in cash, stock or property) in
respect of, any of its capital stock or other equity interests, except for pro rata dividends by a direct or indirect Subsidiary
of Saturn to its parents (provided that, Saturn may continue to declare and pay its regular quarterly cash dividends to the holders
of Saturn Common Stock in an amount not in excess of $0.42 per share of Saturn Common Stock per fiscal quarter, in each case (1)
with a record date not more than four business days prior to the anniversary of the record date of Saturn&rsquo;s regular quarterly
dividend for the corresponding quarter of the prior fiscal year and (2) otherwise in accordance with Saturn&rsquo;s past practice),
or (B) split, combine, reclassify, subdivide or otherwise amend the terms of any of its capital stock or other equity interests
or rights or issue or authorize the issuance of any other securities in respect of, in lieu of or in substitution for shares of
its capital stock or other equity interests or rights other than as permitted by the proviso in clause <U>(b)</U> below;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>except for transactions solely among Saturn and its wholly owned Subsidiaries or among Saturn&rsquo;s wholly owned Subsidiaries,
issue, sell, pledge, dispose of, encumber, transfer, award or grant any shares of its or its Subsidiaries&rsquo; capital stock,
or any options, warrants, convertible securities or other rights of any kind to acquire any shares of its or its Subsidiaries&rsquo;
capital stock; <U>provided</U>, <U>however</U>, that Saturn may issue shares upon the exercise, payment or settlement of any Saturn
Equity Awards outstanding (in accordance with the terms thereof in effect) as of the date hereof and may grant equity </FONT></P>

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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">awards in
respect of Saturn capital stock following the date hereof in the Ordinary Course with respect to new hires, promotions and regular
annual grants of equity awards;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>adopt or enter into a plan of complete or partial liquidation or dissolution, merger, consolidation, restructuring, recapitalization
or other reorganization, except for transactions solely among Saturn&rsquo;s wholly owned Subsidiaries or in compliance with <U>Section
5.3</U>;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>other than in the case of any divestiture of the battery or appliances business of Saturn and its Subsidiaries, sell or
acquire or agree to sell or acquire by merging or consolidating with, or purchasing any equity or assets of, any corporation,
partnership, association or other business organization or division thereof or otherwise sell, purchase, lease, license or otherwise
sell or acquire any assets or properties, in each case in this clause (d) that would, individually or in the aggregate, reasonably
be expected to prevent or materially delay or make more unlikely to occur the consummation of the Merger and the other transactions
contemplated hereby; or</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(e)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>authorize any of, or commit, resolve or agree to take any of, the foregoing actions.</FONT></P>




<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section
5.3<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>No Solicitation; Recommendation of the Merger</U>.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Except as set forth below, from the date of this Agreement until the earlier of the Effective Time or the termination of
this Agreement in accordance with its terms, neither Saturn nor Halley, nor any of their respective Subsidiaries shall, and shall
not authorize or permit any of their respective directors, officers, employees, investment bankers, accountants, attorneys or
other advisors, agents or representatives (collectively, &ldquo;<U>Representatives</U>&rdquo;) to, directly or indirectly, (i)&nbsp;solicit,
initiate or knowingly encourage, induce or facilitate any Acquisition Proposal or any inquiry, proposal or offer that may reasonably
be expected to lead to an Acquisition Proposal, (ii)&nbsp;furnish any nonpublic information regarding itself or any of its Subsidiaries
or afford access to its business, properties, assets, books or records to, or otherwise knowingly cooperate in any way with, any
Person (other than the Parties hereto and their Representatives) (a &ldquo;<U>Third Party</U>&rdquo;) that is reasonably expected
to make, or is otherwise seeking to make, or has made, an Acquisition Proposal, or (iii)&nbsp;participate in any discussions or
negotiations with any Third Party that is reasonably expected to make, or has made, an Acquisition Proposal, regarding an Acquisition
Proposal; <U>provided</U> that, notwithstanding anything to the contrary in this Agreement, any such Person may (A) seek to clarify
the terms and conditions of any inquiry, proposal or offer to determine whether such inquiry, proposal or offer may reasonably
be expected to lead to a Superior Proposal (it being understood that any such communications with any such Third Party shall be
limited to the clarification of the original inquiry or proposal made by such Third Party and shall not include (x) any negotiations
or similar discussions with respect to such inquiry, proposal or offer or (y) such Person&rsquo;s view or position with respect
thereto) and (B) inform any Person that makes an Acquisition Proposal of the restrictions imposed by the provisions of this <U>Section
5.3</U>. Each of Saturn and Halley shall promptly (but in any event within one (1) Business Day) advise the other of any Acquisition
Proposal received by such party, the material terms and conditions of any such Acquisition Proposal (including any material changes
thereto) and the identity of the Person making any such Acquisition Proposal. Without limiting the foregoing, it is agreed that,
if any Representative of Saturn or Halley or any of their respective Subsidiaries takes any action that would constitute a breach
of this <U>Section 5.3</U> if it were authorized or permitted by Saturn or Halley, respectively, such action shall constitute
a breach of this <U>Section 5.3</U> by Saturn or Halley, respectively, whether or not such action shall have been authorized or
permitted by Saturn or Halley, respectively, or any of their respective Subsidiaries, unless such Representative has agreed (in
any capacity) in a writing enforceable by such party not to take any such action. Notwithstanding the restrictions set forth above
in this Section 5.3(a), in the event that Saturn or Halley receives, after the date of this Agreement and prior to obtaining the
Saturn Requisite Stockholder </FONT></P>

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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">Approvals or Halley Stockholder Approval, respectively, a bona fide written Acquisition Proposal
that did not result from any breach of this Section 5.3 and that the board of directors of such party determines in good faith
(after consultation with outside counsel and a financial advisor of nationally recognized reputation) to be, or to be reasonably
expected to lead to, a Superior Proposal, such party may (1) engage in negotiations with, furnish any information with respect
to such party and its Subsidiaries to, and afford access to the business, properties, assets, books or records of such party and
its Subsidiaries to, the Person or group (and their respective Representatives) making such Acquisition Proposal; <U>provided</U>,
that prior to furnishing any such information, it (x) receives from such Person or group an executed confidentiality agreement
containing terms and restrictions that are customary for confidentiality agreements executed in similar circumstances and (y)
provides prior written notice to the other party; <U>provided</U>, <U>further</U>, that all such information is provided or made
available to the other party (to the extent not previously provided or made available) substantially concurrently with it being
provided or made available to such Third Party and (2) subject to <U>Section 5.3(d)</U>, make an Adverse Recommendation Change.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Except
as set forth below, neither the board of directors of Saturn or Halley nor any committee thereof (including, in the case of
Saturn, the Saturn Special Committee) shall (i)&nbsp;either (A)&nbsp;withdraw (or modify, withhold or qualify in any manner
adverse to the other party), or propose publicly to withdraw (or modify, withhold or qualify in any manner adverse to
the other party), the Saturn Recommendation or the Halley Recommendation, respectively, (B)&nbsp;adopt, approve, recommend or
declare advisable, or propose publicly to adopt, approve, recommend or declare advisable, any Acquisition Proposal, (C) make
any public recommendation in connection with a tender offer or exchange offer other than a recommendation against such offer
or a &ldquo;stop, look and listen&rdquo; communication of the type contemplated by Rule 14d-9(f) under the Exchange Act, or
fail to recommend against acceptance of such tender or exchange offer by the close of business on the 10th business day after
the commencement of such tender offer or exchange offer pursuant to Rule 14d-2 under the Exchange Act (it being understood
and agreed that the board of directors of such party or committee thereof (including, in the case of Saturn, the Saturn
Special Committee) may take no position with respect to an Acquisition Proposal that is a tender offer or exchange offer
during the period referred to in this clause) or (D) other than with respect to a tender offer or exchange offer, fail to
publicly reaffirm its approval or recommendation of this Agreement within five Business Days after another party hereto so
requests in writing if an Acquisition Proposal or any material modification thereto shall have been made publicly or sent or
given to the stockholders of the other party (or any Person or group shall have publicly announced an intention, whether or
not conditional, to make an Acquisition Proposal) (any action described in this clause&nbsp;(i) being referred to as an
&ldquo;<U>Adverse Recommendation Change</U>&rdquo;) or (ii)&nbsp;adopt, recommend or declare advisable, or propose publicly
to adopt, recommend or declare advisable, or allow Saturn or Halley, respectively, or any of their respective Subsidiaries to
execute or enter into, any letter of intent, memorandum of understanding, agreement in principle, merger agreement,
acquisition agreement, or other similar agreement or arrangement constituting or providing for an Acquisition Proposal or
requiring such party to abandon, terminate or fail to consummate the Merger or the other transactions contemplated
hereby.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Notwithstanding anything in this Agreement to the contrary, at any time prior to obtaining the Saturn Requisite Stockholder
Approvals or Halley Stockholder Approval, as applicable, the board of directors of Saturn or Halley, respectively, may make an
Adverse Recommendation Change solely in response to either (i) any material event, development, circumstance, occurrence or change
in circumstances or facts that (A) was not known to or reasonably foreseeable (or the material consequences of which (or the magnitude
of which) was not known or reasonably foreseeable) to such party&rsquo;s board of directors on the date of this Agreement and
did not result from a breach of this Agreement by such party, and (B) does not relate to an Acquisition Proposal (an &ldquo;<U>Intervening
Event</U>&rdquo;) or (ii) an Acquisition Proposal that did not result from any breach of this <U>Section 5.3</U>, if (A) in the
case of clause (ii), the board of directors of such party determines in good faith (after consultation with outside counsel and
a financial advisor of nationally recognized reputation) that such Acquisition Proposal constitutes a Superior Proposal, and (B)
in the case of each of clauses (i) and (ii), the board of directors of such party determines in good faith (after consultation
with outside counsel and a financial </FONT></P>

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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">advisor of nationally recognized reputation) that the failure to make an Adverse Recommendation
Change would be reasonably likely to be inconsistent with its fiduciary duties to its stockholders under applicable Law.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>A
party shall not make an Adverse Recommendation Change unless (i) such party shall have first provided to the other party four
Business Days&rsquo; prior written notice (the &ldquo;<U>Notice Period</U>&rdquo;), which notice shall state expressly
(A) that it has received a Superior Proposal or that there has been an Intervening Event, (B) in the case of a Superior
Proposal, the material terms and conditions of the Superior Proposal (including the per share value of the consideration
offered therein and the identity of the Person or group of Persons making the Superior Proposal), and include a copy of the
relevant material proposed transaction agreements with the Person or group of Persons making such Superior Proposal and other
material documents (it being understood and agreed that any amendment (or subsequent amendment) to the financial terms,
including to the proposed purchase price, or to any other material term of such Superior Proposal shall each require the
notifying party to provide a new notice to the other party in accordance with this clause <U>(d)</U>; <U>provided</U> that
the Notice Period in connection with any such new notice shall be three Business Days), (C) in the case of an Intervening
Event, a description of the material event, development, circumstance, occurrence or change, and (D) that it intends to make
an Adverse Recommendation Change and, in reasonable detail, the reasons therefor, and (ii) prior to making an Adverse
Recommendation Change, during the Notice Period, to the extent requested by the other party, engaged in good faith
negotiations with such other party, to amend this Agreement, and considered in good faith any bona fide offer by such other
party and, after such negotiations and good faith consideration of such offer, if any, the board of directors of the
notifying party again makes the determination described in the last sentence of <U>Section 5.3(a)</U> (it being understood
that the delivery of the notification contemplated by this <U>Section 5.3(d)</U> shall not, in and of itself, constitute an
Adverse Recommendation Change).</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(e)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Nothing contained in this <U>Section 5.3</U> shall prohibit Saturn or Halley or their respective boards of directors or
any committee thereof (including, in the case of Saturn, the Saturn Special Committee) from (i)&nbsp;issuing a &ldquo;stop-look-and-listen
communication&rdquo; pursuant to Rule&nbsp;14d-9(f) promulgated under the Exchange Act or taking and disclosing to its stockholders
positions contemplated by Rule&nbsp;14d-9 or Rule&nbsp;14e-2(a) promulgated under the Exchange Act (or any similar communication
to stockholders in connection with the making or amendment of a tender offer or exchange offer), (ii)&nbsp;making any &ldquo;stop-look-and-listen&rdquo;
or similar communication to its stockholders pursuant to Rule 14d-9(f) promulgated under the Exchange Act, or (iii) making any
disclosure to its stockholders if, in the good faith judgment of its board of directors, after consultation with outside counsel,
failure to so disclose would be reasonably likely to be inconsistent with its fiduciary duties to its stockholders under applicable
Law or is otherwise required by applicable Law; <U>provided</U> that the foregoing shall not permit the board of directors of
Saturn or Halley or any committee thereof, as applicable, to make an Adverse Recommendation Change, except as permitted by <U>Section
5.3(c)</U>.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(f)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>For purposes of this Agreement, &ldquo;<U>Acquisition Proposal</U>&rdquo; means, with respect to a party hereto, any proposal
or offer (whether or not in writing) by a Third Party, with respect to any (A)&nbsp;sale, lease, contribution or other disposition,
directly or indirectly (including by way of merger, consolidation, other business combination, partnership, joint venture, sale
of capital stock of or other equity interests in either Saturn or Halley or their respective Subsidiaries) of any business or
assets of such party or any of its Subsidiaries representing ten percent (10%) or more of the consolidated revenues or assets
of such party and its Subsidiaries, taken as a whole, (B)&nbsp;issuance, sale or other disposition, directly or indirectly, to
any Person or group (including by way of merger, consolidation, other business </FONT></P>

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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">combination,
partnership, joint venture, sale of capital stock of or other equity interests in Saturn or Halley or their respective
Subsidiaries) of securities (or options, rights or warrants to purchase, or securities convertible into or exchangeable for,
such securities) representing ten percent (10%) or more of the voting power or economic interests in such party, or
(C)&nbsp;transaction (including a merger, consolidation, other business combination, partnership, joint venture, sale of
capital stock of or other equity interests in a Subsidiary of Saturn or Halley or otherwise) in which any Person or group
shall acquire, directly or indirectly, beneficial ownership (as defined under Section 13(d) of the Exchange Act) of
securities (or options, rights or warrants to purchase, or securities convertible into or exchangeable for, such securities)
representing ten percent (10%) or more of the voting power or economic interests in such party; <U>provided</U> that an
Acquisition Proposal does not include any proposal or offer by another party to this Agreement or any of its Subsidiaries.
The parties acknowledge and agree that the restrictions set forth in <U>Section 5.3(a)</U> shall not apply to proposals,
offers or agreements with respect to, or any discussions related to, any of the transactions or matters described in clauses
(A)-(C) of the definition of Acquisition Proposal that relate (x) specifically to the battery or appliances business of
Saturn and its Subsidiaries or (y) other transactions that, in either case, would not reasonably be expected to prevent or
materially delay or make more unlikely to occur the consummation of the Merger and the other transactions contemplated
hereby, so long as in each case Saturn keeps Halley informed on a reasonably current basis of the status of such negotiations
and the proposed terms and conditions thereof.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(g)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>For purposes of this Agreement, &ldquo;<U>Superior Proposal</U>&rdquo; means, with respect to a party hereto, a bona fide
written Acquisition Proposal that such party&rsquo;s board of directors determines in good faith (after consultation with outside
counsel and a financial advisor of nationally recognized reputation), taking into account all legal, financial, tax, regulatory,
timing and other aspects of the proposal and the identity of the Person making the proposal (a) is reasonably likely to be consummated
on the terms proposed, (b) is more favorable from a financial point of view to such party and its stockholders than the terms
of the Merger and the other transactions contemplated hereby and (c) is otherwise on terms that the board of directors of such
party has determined to be superior to the transactions contemplated hereby, including the Merger; <U>provided</U>, <U>however</U>,
that for purposes of this definition of &ldquo;Superior Proposal,&rdquo; the term &ldquo;Acquisition Proposal&rdquo; shall have
the meaning assigned to such term in this Agreement, except that each reference to ten percent (10%) set forth therein shall be
replaced with a reference to a majority.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section
5.4<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>SEC Filings; Stockholders Meetings</U>.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Preparation of Form S-4 and Joint Proxy Statement/Prospectus</U>.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>As promptly as practicable after the date of this Agreement, Saturn and Halley shall jointly prepare and Halley shall cause
to be filed with the SEC the Form&nbsp;S-4, which will include the Joint Proxy Statement/Prospectus to be sent to the stockholders
of Saturn relating to the Saturn Stockholders Meeting and to the stockholders of Halley relating to the Halley Stockholders Meeting
and will also constitute a prospectus with respect to the shares of Halley Common Stock issuable to the stockholders of Saturn
in the First Merger. Each of Halley and Saturn will use its reasonable best efforts to have the Form&nbsp;S-4 declared effective
and the Joint Proxy Statement/Prospectus cleared by the SEC as promptly as practicable after the filing thereof with the SEC and
to keep the Form&nbsp;S-4 effective for so long as necessary to consummate the First Merger and the other transactions contemplated
hereby, and each of Saturn and Halley shall use its reasonable best efforts to cause the Joint Proxy Statement/Prospectus to be
mailed to the holders of the Saturn Common Stock and to the holders of the Halley Common Stock as promptly as practicable after
the Form&nbsp;S-4 shall have become effective and the Joint Proxy Statement/Prospectus shall have been cleared by the SEC. Each
of Saturn and Halley shall furnish all non-privileged information concerning such party as may be reasonably requested by the
other party in connection with the preparation, filing and distribution of the Form S-4 and the Joint Proxy</FONT></P>

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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt"> Statement. No filing
of the Form S-4 will be made by Halley, and no filing of the Joint Proxy Statement will be made by Saturn or Halley, in each case,
without providing the other party with a reasonable opportunity to review and comment thereon.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(ii)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>If at any time prior to the Effective Time, any information should be discovered by Saturn or Halley that should be set
forth in an amendment or supplement to the Form&nbsp;S-4 or the Joint Proxy Statement/Prospectus, so that any of such documents
would not contain any misstatement of a material fact or omit to state any material fact necessary to make the statements therein,
in light of the circumstances under which they were made, not misleading, the party that discovers such information shall promptly
notify the other parties hereto and each of the parties shall use its reasonable best efforts to cause an appropriate amendment
or supplement describing such information to be promptly filed with the SEC and, to the extent required under applicable Law,
disseminated to stockholders of Saturn and/or Halley, as applicable; <U>provided</U>, <U>however</U>, that the delivery of such
notice and the filing of any such amendment or supplement shall not affect or be deemed to modify any representation or warranty
made by any party hereunder or otherwise affect the remedies available hereunder to any party.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>




<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(iii)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Saturn and Halley shall promptly notify each other upon the receipt of any comments, whether oral or written, from the
SEC or the staff of the SEC on, or any request from the SEC or the staff of the SEC for amendments or supplements to, the Joint
Proxy Statement/Prospectus or the Form S-4, and shall provide each other with copies of all correspondence (and a summary of all
substantive oral communications) with the SEC or the staff of the SEC with respect to the S-4 or the Joint Proxy Statement/Prospectus.
Each of Saturn and Halley shall use its reasonable best efforts to respond as promptly as reasonably practicable to any comments
of the SEC or the staff of the SEC with respect to the Joint Proxy Statement/Prospectus or the Form S-4. Each party shall cooperate
and provide the other party with a reasonable opportunity to review and comment on any substantive correspondence (including responses
to SEC comments) or amendments or supplements to the Joint Proxy Statement/Prospectus or the Form S-4 prior to filing with the
SEC, and shall provide to the other a copy of all such filings made with the SEC.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(iv)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Except for the purpose of disclosing any Adverse Recommendation Change, no amendment or supplement to the Joint Proxy Statement/Prospectus
or the Form&nbsp;S-4, nor any response to any comments or inquiry from the SEC with respect to such filings, will be made by Saturn
or Halley without the approval of the other party, which approval shall not be unreasonably withheld, delayed or conditioned (it
being understood that it shall be unreasonable to withhold consent with respect to any amendment or supplement to the Joint Proxy
Statement/Prospectus or Form&nbsp;S-4 to the extent such amendment or supplement is required to be included therein so that the
Joint Proxy Statement/Prospectus or Form&nbsp;S-4 will not contain an untrue statement of a material fact or omit to state any
material fact required to be stated therein or necessary in order to make the statements therein, in the light of the circumstances
under which they are made, not misleading as may be required by Rule&nbsp;10b-5 or Rule&nbsp;14a-9 under the Exchange Act or Section&nbsp;11
or Section&nbsp;12 of the Securities Act).</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(v)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Halley shall also use its reasonable best efforts to take any action (other than qualifying to do business in any jurisdiction
in which it is not now so qualified or filing a general consent to service of process) reasonably required to be taken under any
applicable state securities or &ldquo;blue sky&rdquo; laws in connection with the issuance of shares of Halley Common Stock in
the First Merger, and Saturn shall furnish all information concerning Saturn as Halley may reasonably request in connection with
any such action.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(vi)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Each of Halley and Saturn, as applicable, will advise the other promptly after it receives oral or written notice of the
time when the Form&nbsp;S-4 has become effective or any amendment or supplement thereto has been filed, the issuance of any stop
order, or the suspension of the</FONT></P>

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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt"> qualification of the Halley Common Stock issuable in connection with the First Merger for offering
or sale in any jurisdiction.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><U>Saturn
Stockholders Meeting</U>. Saturn shall use, irrespective of whether the board of directors of Saturn has made an Adverse
Recommendation Change, its reasonable best efforts to, as promptly as practicable after the Form S-4 is declared
effective under the Securities Act and the Joint Proxy Statement/Prospectus is cleared by the SEC, in accordance with
applicable Law, the Saturn Charter and the Saturn Bylaws duly call, give notice of, convene and hold the Saturn Stockholders
Meeting for the purpose of considering and voting upon the adoption of this Agreement. Except during such time as an Adverse
Recommendation Change is in effect in accordance with <U>Section 5.3</U>, to the fullest extent permitted by applicable Law,
Saturn, through the board of directors of Saturn, shall (i)&nbsp;recommend to its stockholders that they adopt this Agreement
(the &ldquo;<U>Saturn Recommendation</U>&rdquo;), (ii)&nbsp;include such recommendation in the Joint Proxy
Statement/Prospectus and (iii) solicit and use its reasonable best efforts to obtain the Saturn Stockholders Approval.
Notwithstanding anything to the contrary contained in this Agreement, Saturn may adjourn or postpone the Saturn Stockholders
Meeting (A)&nbsp;to the extent necessary to ensure that any necessary supplement or amendment to the Joint Proxy
Statement/Prospectus is provided to Saturn&rsquo;s stockholders in advance of a vote to adopt this Agreement, (B) if, as of
the time for which the Saturn Stockholders Meeting is originally scheduled, there are insufficient shares of Saturn Common
Stock represented (either in person or by proxy) to constitute a quorum necessary to conduct Saturn Stockholders Meeting, (C)
with the prior written consent of Halley, (D) to solicit additional proxies for the purpose of obtaining the Saturn
Stockholders Approval, or (E) in the event the Halley Stockholders Meeting has been adjourned or postponed by Halley in
accordance with <U>Section 5.4(c)</U>, to the extent necessary to enable the Saturn Stockholders Meeting and the Halley
Stockholders Meeting to be held on the same day as contemplated by <U>Section 5.4(e)</U>; <U>provided</U>, that without the
prior written consent of Halley, the Saturn Stockholders Meeting may not be postponed or adjourned to a date that is more
than thirty (30) days after the date for which the Saturn Stockholders Meeting was originally scheduled. Saturn shall, upon
the reasonable request of Halley, provide the aggregate vote tally of the proxies received with respect to the Saturn
Requisite Stockholder Approvals. Saturn shall, as promptly as reasonably practicable (and in no event later than the tenth
(10th) Business Day following the date of this Agreement) conduct a &ldquo;broker search&rdquo; as contemplated by and in
accordance with Rule 14a-13 promulgated under the Exchange Act with respect to the Saturn Stockholders Meeting (based on a
record date that is twenty (20) Business Days following the date on which such broker search is commenced). If at any time
the current record date for the Saturn Stockholders Meeting is not reasonably likely to satisfy the requirements of
Saturn&rsquo;s organizational documents and applicable Law, Saturn shall, in consultation with Halley, set a new record date
and shall continue to comply with the &ldquo;broker search&rdquo; requirements of Rule 14a-13 promulgated under the Exchange
Act with respect to any such new record date.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Halley Stockholders Meeting</U>. Halley shall use, irrespective of whether the board of directors of Halley has made
an Adverse Recommendation Change, its reasonable best efforts to, as promptly as practicable after the Form S-4 is declared effective
under the Securities Act and the Joint Proxy Statement/Prospectus is cleared by the SEC, in accordance with applicable Law, the
Halley Charter and the Halley Bylaws duly call, give notice of, convene and hold the Halley Stockholders Meeting for the purpose
of considering and voting upon the approval of the Charter Amendment (as the components thereof may be combined or separately
required to be proposed or presented) and the Share Issuance. Except during such time as an Adverse Recommendation Change is in
effect in accordance with <U>Section 5.3</U>, to the fullest extent permitted by applicable Law, Halley, through the board of
directors of Halley, shall (i)&nbsp;recommend to its stockholders that they approve the Charter Amendment (as the components thereof
may be combined or separately required to be proposed or presented) and the Share Issuance (the &ldquo;<U>Halley Recommendation</U>&rdquo;),
(ii)&nbsp;include such recommendation in the Joint Proxy Statement/Prospectus and (iii) solicit and use its reasonable best efforts
to obtain the Halley Stockholders Approval.</FONT></P>

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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">Notwithstanding
anything to the contrary contained in this Agreement, Halley may adjourn or postpone the Halley Stockholders Meeting (A) to
the extent necessary to ensure that any necessary supplement or amendment to the Joint Proxy Statement/Prospectus is provided
to Halley&rsquo;s stockholders in advance of a vote to approve the Charter Amendment (as the components thereof may be
combined or separately required to be proposed or presented) and the Share Issuance, (B) if, as of the time for which the
Halley Stockholders Meeting is originally scheduled, there are insufficient shares of Halley Common Stock represented (either
in person or by proxy) to constitute a quorum necessary to conduct Halley Stockholders Meeting, (C) with the prior written
consent of Saturn, (D) to solicit additional proxies for the purpose of obtaining the Halley Stockholders Approval, or (E) if
the Saturn Stockholder Meeting has been adjourned or postponed by Saturn in accordance with <U>Section 5.4(b) </U>, to the
extent necessary to enable the Halley Stockholders Meeting and the Saturn Stockholders Meeting to be held on the same day as
contemplated by <U>Section 5.4(e)</U>; <U>provided</U>, that without the prior written consent of Saturn, the Halley
Stockholders Meeting may not be postponed or adjourned to a date that is more than thirty (30) days after the date for which
the Halley Stockholders Meeting was originally scheduled. Halley shall, upon the reasonable request of Saturn, provide the
aggregate vote tally of the proxies received with respect to the Halley Stockholder Approval. Halley shall, as promptly as
reasonably practicable (and in no event later than the tenth (10th) Business Day following the date of this Agreement)
conduct a &ldquo;broker search&rdquo; as contemplated by and in accordance with Rule 14a-13 promulgated under the Exchange
Act with respect to the Halley Stockholders Meeting (based on a record date that is twenty (20) Business Days following the
date on which such broker search is commenced). If at any time the current record date for the Halley Stockholders Meeting is
not reasonably likely to satisfy the requirements of Halley&rsquo;s organizational documents and applicable Law,
Halley shall, in consultation with Saturn, set a new record date and shall continue to comply with the &ldquo;broker
search&rdquo; requirements of Rule 14a-13 promulgated under the Exchange Act with respect to any such new record
date.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Merger Sub Approval</U>. Immediately following execution of this Agreement, Halley shall execute and deliver, in accordance
with Section 228 of the DGCL and in its capacity as sole stockholder of Merger Sub 1, a written consent approving the First Merger
and this Agreement.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(e)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Meeting Date</U>.&#9;Each of Halley and Saturn shall cooperate and use their reasonable best efforts to cause the Halley
Stockholders Meeting and the Saturn Stockholders Meeting to be held on the same date and to cause the record date for the Saturn
Stockholders Meeting and the Halley Stockholders Meeting to occur on the same date.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section
5.5<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Access to Information; Confidentiality</U>. Until the earlier of the Effective Time and the termination of this Agreement
in accordance with its terms:</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Halley shall, and shall cause each of its Subsidiaries to, to the extent permitted by applicable Law, afford to Saturn
and its Representatives reasonable access during normal business hours, upon reasonable advance notice and in a manner that does
not unreasonably interfere with the normal operation of Halley and its Subsidiaries, to all their respective properties, assets,
books, records, Contracts, commitments, personnel and members of their executive management teams, during such period, Halley
shall, and shall cause each of its Subsidiaries to, furnish promptly to Saturn and its Representatives, as applicable, all information
concerning the business, properties, assets and Contracts of Halley and its Subsidiaries as may be reasonably requested by such
parties; <U>provided</U>, <U>however</U>, that the foregoing shall not require Halley or its Subsidiaries to disclose any information
to the extent such disclosure would (i) contravene applicable Law or the provisions of any Contract to which Halley or its Subsidiaries
is a party, or (ii), in Halley&rsquo;s good faith determination, constitute information protected by attorney/client privilege
(<U>provided</U> that, with respect to information that may be the subject of clauses (i) and (ii), Halley and its Subsidiaries
shall cooperate in good faith with Saturn and its Representatives to disclose the subject information in an alternative manner
that would circumvent the applicability </FONT></P>

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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">of clauses (i) and (iii)). All such information provided in connection with this Agreement
shall be held confidential in accordance with the terms of the confidentiality letter agreement entered into between Halley and
Saturn dated as of March 22, 2017 (the &ldquo;<U>Confidentiality Agreement</U>&rdquo;).</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Saturn
shall, and shall cause each of its Subsidiaries to, to the extent permitted by applicable Law, afford to Halley and its
Representatives reasonable access during normal business hours, upon reasonable advance notice and in a manner that does not
unreasonably interfere with the normal operation of Saturn and its Subsidiaries, to all their respective properties,
assets, books, records, Contracts, commitments, personnel and members of their executive management teams, during such
period, Saturn shall, and shall cause each of its Subsidiaries to, furnish promptly to Halley and its Representatives, as
applicable, all information concerning the business, properties, assets and Contracts of Saturn and its Subsidiaries as may
be reasonably requested by such parties; <U>provided</U>, <U>however</U>, that the foregoing shall not require Saturn or its
Subsidiaries to disclose any information to the extent such disclosure would (i) contravene applicable Law or the provisions
of any Contract to which Saturn or its Subsidiaries is a party, or (ii), in Saturn&rsquo;s good faith determination,
constitute information protected by attorney/client privilege (<U>provided</U> that, with respect to information that may be
the subject of clauses (i) and (ii), Saturn and its Subsidiaries shall cooperate in good faith with Halley and its
Representatives to disclose the subject information in an alternative manner that would circumvent the applicability of
clauses (i) and (iii)). All such information provided in connection with this Agreement shall be held confidential in
accordance with the terms of the Confidentiality Agreement.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>No investigation pursuant to this <U>Section 5.5</U> or information provided, made available or delivered to Saturn or
Halley pursuant to this Agreement shall affect any of the representations, warranties, covenants, rights or remedies, or the conditions
to the obligations of the parties hereunder and no party shall be deemed to make any representation or warranty except as expressly
set forth in this Agreement.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section
5.6<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Reasonable Best Efforts</U>.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Upon the terms and subject to the conditions set forth in this Agreement, until the earlier of the Effective Time and the
termination of this Agreement in accordance with its terms, each of the parties agrees to use reasonable best efforts to take,
or cause to be taken, all actions that are reasonably necessary, proper or advisable to consummate and make effective the Merger,
the Share Issuance, the Charter Amendment and the other transactions contemplated by this Agreement (other than waiving any conditions
to Closing set forth in <U>Article VI</U>), including using reasonable best efforts to accomplish the following: (i)&nbsp;obtain
all required consents, approvals or waivers from non-Governmental Entity third parties necessary, proper or advisable to consummate
and make effective the Merger, the Share Issuance and the Charter Amendment and the other transactions contemplated by this Agreement,
(ii)&nbsp;obtain all necessary actions or non-actions, waivers, consents, clearances, approvals, orders and authorizations from
Governmental Entities, make all necessary registrations, declarations and filings with, and take all steps as may be necessary
to avoid any Action by, any Governmental Entity, and (iii)&nbsp;execute and deliver any additional instruments, in each case as
necessary, proper or advisable to consummate the transactions contemplated hereby and fully to carry out the purposes of this
Agreement; <U>provided</U>, <U>however</U>, in each case that, no party shall be required to pay any fee, penalty or other consideration
to any Governmental Entity or other third party in respect of any such consents, approvals or waivers. Each of the parties hereto
shall furnish to each other party such necessary information and reasonable assistance as the other party may reasonably request
in connection with the foregoing and will cooperate in responding to any inquiry from a Governmental Entity, including promptly
(and in no event later than two (2) Business Days) informing the other party of such inquiry, consulting in advance before making
any presentations or submissions to a Governmental Entity, and supplying each other with copies of all</FONT></P>

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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt"> material correspondence,
filings or communications with any Governmental Entity with respect to this Agreement.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>In furtherance of the foregoing, each of Halley and Saturn shall (and shall cause their respective Representatives to)
promptly (i) supply the other with any information or reasonable assistance required or reasonably requested in order to effectuate
any of the obligations set forth in this <U>Section 5.6</U>, (ii) supply any additional information or materials which are required
or reasonably requested by any Governmental Entity of competent jurisdiction in connection with the transactions contemplated
hereby, except to the extent both Halley and Saturn otherwise agree, (iii) subject to any restrictions under applicable Law, jointly
participate in any communication, meeting or other contact with any Governmental Entity in connection with this Agreement or any
of the transactions contemplated hereby and (iv) subject to applicable legal limitations and the instructions of any Governmental
Entity, keep each other apprised of the status of matters relating to the completion of the transactions contemplated hereby,
including promptly furnishing the other with copies of notices or other communications received by Halley or Saturn, as the case
may be, or any of their respective Subsidiaries, from any third party and/or any Governmental Entity with respect to the transactions
contemplated hereby.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>




<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section
5.7<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Takeover Laws</U>. The parties shall use their respective reasonable best efforts (a)&nbsp;to take all action necessary
so that no Takeover Law is or becomes applicable to this Agreement, the Saturn Support Agreement, the Halley Support Agreements
or the Post-Closing Stockholders Agreement, the Merger, the Share Issuance, the Charter Amendment or any of the other transactions
contemplated hereby or thereby and (b)&nbsp;if any Takeover Law is or becomes applicable to this Agreement, the Saturn Support
Agreement, the Halley Support Agreements, or the Post-Closing Stockholders Agreement, the Merger, the Share Issuance, the Charter
Amendment or any of the other transactions contemplated hereby or thereby, use their reasonable best efforts to ensure that the
Merger, the Share Issuance, the Charter Amendment and the other transactions contemplated hereby or thereby may be consummated
as promptly as practicable on the terms contemplated by this Agreement and otherwise to minimize the effect of such Takeover Law
with respect to this Agreement, the Saturn Support Agreement, the Halley Support Agreements, or the Post-Closing Stockholders
Agreement, the Merger, the Share Issuance, the Charter Amendment or any of the other transactions contemplated hereby or thereby.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section
5.8<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Stockholder Litigation</U>. Each of Saturn and Halley shall cooperate with the other in the defense or settlement of
any Action relating to the transactions contemplated by this Agreement which is brought or threatened in writing against (a) Halley,
any of its Subsidiaries and/or any of their respective directors or officers, or (b) Saturn, any of its Subsidiaries and/or any
of their respective directors or officers. Such cooperation between the parties shall include (i) keeping the other party reasonably
and promptly informed of any developments in connection with any such Action, and (ii) refraining from compromising, settling,
consenting to any order or entering into any agreement in respect of, any such Action without the written consent of the other
party (such consent not to be unreasonably withheld, conditioned or delayed).</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section
5.9<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Notification of Certain Matters</U>. In addition to the notification requirements set forth in <U>Section 5.4</U>, Saturn
and Halley shall promptly notify each other upon obtaining knowledge of (a) any Action described in <U>Section 5.8</U>, (b) any
change, condition or event that to its knowledge would prevent or would reasonably be expected to prevent that satisfaction of
any condition set forth in <U>Article VI,</U> (c) any written notice received by such party from any Person alleging that the
consent of such Person is or may be required in connection with the Merger or the other transactions contemplated hereby, if the
subject matter of such notice or the failure of such party to obtain such consent would reasonably be expected to be material
to Saturn, the Surviving Corporation or Halley or prevent, delay or make more unlikely to occur the consummation of the Merger
and the other transactions contemplated hereby, or (d) </FONT></P>

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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">any material inaccuracy, misstatement or omission relating to the Halley
Closing Certificate or the Halley Capitalization Certificate; <U>provided</U>, <U>however</U>, that no such notification or the
failure to provide such notification shall in and of itself affect any of the representations, warranties, covenants, rights or
remedies, or the conditions to the obligations of, the parties hereunder or result, in and of itself, in the failure of a condition
set forth in Article VI.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section
5.10<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Indemnification,
Exculpation and Insurance</U>.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Halley,
Saturn and Merger Sub each agrees that all rights to indemnification and exculpation now existing in favor of the current or
former directors or officers (the &ldquo;<U>Saturn D&amp;O Indemnified Parties</U>&rdquo;) of Saturn or its Subsidiaries as
provided in the Saturn Charter, the Saturn Bylaws, the organizational documents of Saturn&rsquo;s Subsidiaries or in any
contract to which Saturn or any of its Subsidiaries is a party as in effect on the date of this Agreement for acts or
omissions occurring prior to the Effective Time, whether claimed prior to, at or after the Effective Time (including matters
arising in connection with the transactions contemplated hereby), shall be assumed by the Surviving Corporation and shall
continue in full force and effect following the Effective Time. From and after the Effective Time, Halley shall, and shall
cause the Surviving Corporation to, indemnify, defend and hold harmless, and advance expenses to Saturn D&amp;O Indemnified
Parties with respect to all acts or omissions by them in their capacities as such at any time prior to the Effective Time
(including any matters arising in connection with this Agreement or the transactions contemplated hereby), to the fullest
extent permitted by applicable Law and to the fullest extent required by the Saturn Charter, the Saturn Bylaws, the
organizational documents of Saturn&rsquo;s Subsidiaries or in any contract to which Saturn or any of its Subsidiaries is a
party as in effect on the date of this Agreement; <U>provided</U>, that any Saturn D&amp;O Indemnified Party to whom expenses
are advanced agrees to return any such funds to which a court of competent jurisdiction has determined in a final,
nonappealable judgment such Saturn D&amp;O Indemnified Party is not ultimately entitled. For a period of six (6) years from
and after the Effective Time, Halley shall cause the organizational documents of the Surviving Corporation to contain
provisions with respect to indemnification, advancement of expenses and limitation of director and officer liability that are
no less favorable to the Saturn D&amp;O Indemnified Parties than those set forth in the Saturn Charter and the Saturn Bylaws
as of the date of this Agreement, which provisions thereafter shall not be amended, repealed or otherwise modified in any
manner that would adversely affect the rights thereunder of the Saturn D&amp;O Indemnified Parties.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Halley, Saturn and Merger Sub each agrees that all rights to indemnification and exculpation now existing in favor of the
current or former directors or officers (the &ldquo;<U>Halley D&amp;O Indemnified Parties</U>&rdquo;) of Halley or its Subsidiaries
as provided in the Halley Charter, the Halley Bylaws, the organizational documents of Halley&rsquo;s Subsidiaries or in any contract
to which Halley or any of its Subsidiaries is a party as in effect on the date of this Agreement for acts or omissions occurring
prior to the Effective Time, whether claimed prior to, at or after the Effective Time (including matters arising in connection
with the transactions contemplated hereby), shall continue in full force and effect following the Effective Time. From and after
the Effective Time, Halley shall indemnify, defend and hold harmless, and advance expenses to the Halley D&amp;O Indemnified Parties
with respect to all acts or omissions by them in their capacities as such at any time prior to the Effective Time (including any
matters arising in connection with this Agreement or the transactions contemplated hereby), to the fullest extent permitted by
applicable Law and to the fullest extent required by the Halley Charter, the Halley Bylaws or in any contract to which Halley
or any of its Subsidiaries is a party as in effect on the date of this Agreement; <U>provided</U>, that any Halley D&amp;O Indemnified
Party to whom expenses are advanced agrees to return any such funds to which a court of competent jurisdiction has determined
in a final, nonappealable judgment such Halley D&amp;O Indemnified Party is not ultimately entitled. For a period of six (6) years
from and after the Effective Time, Halley shall cause the organizational documents of Halley to contain provisions with respect
to indemnification, advancement of expenses and limitation of director</FONT></P>

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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt"> and officer liability that are no less favorable to the
Halley D&amp;O Indemnified Parties than those set forth in the Halley Charter and the Halley Bylaws as of the date of this Agreement,
which provisions thereafter shall not be amended, repealed or otherwise modified in any manner that would adversely affect the
rights thereunder of the Halley D&amp;O Indemnified Parties.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Unless Saturn shall have purchased a &ldquo;tail&rdquo; policy prior to the Effective Time as provided below, for a period
of six (6) years after the Effective Time, Halley shall cause to be maintained in effect for the benefit of the Saturn D&amp;O
Indemnified Parties an insurance and indemnification policy with an insurer with the same or better credit rating as the current
carrier for Saturn that provides coverage for acts or omissions occurring prior to the Effective Time (the &ldquo;<U>Saturn D&amp;O
Insurance</U>&rdquo;) covering each such person currently covered by the officers&rsquo; and directors&rsquo; liability insurance
policy of Saturn on terms with respect to coverage and in amounts no less favorable than those of Saturn&rsquo;s directors&rsquo;
and officers&rsquo; insurance policy in effect on the date of this Agreement; <U>provided</U>, <U>however</U>, that Halley shall
not be required to pay for the Saturn D&amp;O Insurance an amount in excess of 300% of the annual premium currently paid by Saturn
for such coverage; and <U>provided</U>, <U>further</U><I>,</I> that if the cost for such insurance coverage exceeds 300% of such
annual premium, Halley shall obtain as much coverage as reasonably practicable for a cost not exceeding such amount. Halley&rsquo;s
obligations under this <U>Section 5.10(c)</U> may be satisfied by Saturn purchasing, with the prior written consent of Halley
(not to be unreasonably withheld, delayed or conditioned) prior to the Effective Time, a &ldquo;tail&rdquo; policy which (i)&nbsp;has
an effective term of six (6)&nbsp;years from the Effective Time, and (ii)&nbsp;covers each person covered by Saturn&rsquo;s directors&rsquo;
and officers&rsquo; insurance policy in effect on the date of this Agreement for actions and omissions occurring prior to the
Effective Time.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Unless Halley shall have purchased a &ldquo;tail&rdquo; policy prior to the Effective Time as provided below, for a period
of six (6) years after the Effective Time, Halley shall cause to be maintained in effect for the benefit of the Halley D&amp;O
Indemnified Parties an insurance and indemnification policy with an insurer with the same or better credit rating as the current
carrier for Halley that provides coverage for acts or omissions occurring prior to the Effective Time (the &ldquo;<U>Halley D&amp;O
Insurance</U>&rdquo;) covering each such person currently covered by the officers&rsquo; and directors&rsquo; liability insurance
policy of Saturn on terms with respect to coverage and in amounts no less favorable than those of Halley&rsquo;s directors&rsquo;
and officers&rsquo; insurance policy in effect on the date of this Agreement; <U>provided</U>, <U>however</U>, that Halley shall
not be required to pay for the Halley D&amp;O Insurance an amount in excess of 300% of the annual premium currently paid by Halley
for such coverage; and provided, further<I>,</I> that if the cost for such insurance coverage exceeds 300% of such annual premium,
Halley shall obtain as much coverage as reasonably practicable for a cost not exceeding such amount. Halley&rsquo;s obligations
under this <U>Section 5.10(d)</U> may be satisfied by Halley purchasing, with the prior written consent of Saturn (not to be unreasonably
withheld, delayed or conditioned) prior to the Effective Time, a &ldquo;tail&rdquo; policy which (i)&nbsp;has an effective term
of six (6) years from the Effective Time, and (ii)&nbsp;covers each person covered by Halley&rsquo;s directors&rsquo; and officers&rsquo;
insurance policy in effect on the date of this Agreement for actions and omissions occurring prior to the Effective Time.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(e)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>In the event that Halley, the Surviving Corporation or any of their respective successors or assigns shall (i) consolidate
with or merge into any other Person and shall not be the continuing or surviving company or entity of such consolidation or merger
or (ii) transfer all or substantially all its properties and assets to any Person, then, and in each such case, proper provision
shall be made so that the successor and assign of Halley, the Surviving Corporation or any of their respective successors or assigns
assumes the obligations set forth in this <U>Section 5.10</U>.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(f)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The Saturn D&amp;O Indemnified Parties and the Halley D&amp;O Indemnified Parties to whom this <U>Section 5.10</U> applies
shall, from and after the Effective Time, be third-party beneficiaries of </FONT></P>

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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">this <U>Section 5.10</U>. Notwithstanding any other
provision of this Agreement, the provisions of this <U>Section 5.10</U> shall survive consummation of the Merger and are intended
to be for the benefit of, and, from and after the Effective Time, will be enforceable by, each of Saturn D&amp;O Indemnified Parties
and the Halley D&amp;O Indemnified Parties, his or her heirs and his or her legal representatives.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section
5.11<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><U>Public
Announcements</U>. The initial press release of the parties announcing the execution of this Agreement shall be a joint
press release mutually agreed upon by Halley and Saturn. Thereafter, except for any press release or other public statements
disclosing or relating to a potential or actual Adverse Recommendation Change, Acquisition Proposal, Superior Proposal,
Intervening Event or information related thereto, Halley and Saturn shall consult with each other before issuing, and give
each other a reasonable opportunity to review and comment upon, any press release or other public statements with respect to
this Agreement and the transactions contemplated hereby, and the parties shall not issue any such press release or make any
public statement with respect to this Agreement, the Merger, the Charter Amendment, the Reverse Split, the Share Issuance or
any of the other transactions contemplated hereby without the prior consent of the other party, which consent shall not be
unreasonably withheld, delayed or conditioned, except that no consent shall be required to the extent such disclosure may be
required by applicable Law, court process or by obligations pursuant to any listing agreement with any national securities
exchange or national securities quotation system (in which case each party shall use reasonable best efforts to allow the
other party reasonable time to comment on such release or statement in advance of such issuance).</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section
5.12<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Rule 16b-3</U>.
Prior to the Effective Time, each of Halley and Saturn shall take all such steps as may be reasonably necessary or appropriate
to cause the transactions contemplated by this Agreement, including any dispositions of Saturn Common Stock or acquisitions of
Halley Common Stock resulting from the transactions contemplated by this Agreement by each individual who is subject to the reporting
requirements of Section&nbsp;16(a) of the Exchange Act with respect to Saturn, or who will become subject to such reporting requirements
with respect to Halley, to be exempt under Rule&nbsp;16b-3 promulgated under the Exchange Act.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section
5.13<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Tax Matters</U>.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Halley shall challenge, pursuing all available means, any known attempts to violate, and shall not knowingly fail to enforce,
the restrictions set forth in Article XII of the Halley Certificate of Incorporation;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Each of Halley and Saturn shall, and shall cause each of its Subsidiaries to, use its reasonable best efforts to cause
the Merger to qualify as a &ldquo;reorganization&rdquo; within the meaning of Section 368(a) of the Code and to obtain the Tax
opinions described in <U>Section 6.1(f)</U> (the &ldquo;<U>Closing Tax Opinions</U>&rdquo;), the Tax opinions described in <U>Section
5.13(f)</U>, and any similar opinions required to be attached as exhibits to the Form S-4, including by delivering to applicable
Tax Counsel a tax representation letter dated as of the Closing Date (and, if requested, dated as of the date the Form S-4 shall
have been declared effective by the SEC), signed by an officer, containing customary representations, warranties and covenants,
and in form and substance reasonably satisfactory to such Tax Counsel.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Each of Halley and Saturn shall not, and shall cause each of its Subsidiaries not to, take any action that is reasonably
likely to, or fail to take any action which failure is reasonably likely to, prevent or impede the qualification of the Merger
as a &ldquo;reorganization&rdquo; within the meaning of Section 368(a) of the Code or the issuance of any of the Closing Tax Opinions.</FONT></P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Halley shall not cause or permit Merger Sub 2 to elect to be treated, for U.S. federal income tax purposes, as other than
an entity disregarded as separate from Halley.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(e)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Any liability arising out of any documentary, sales, use, real property transfer, registration, transfer, stamp, recording
or other similar Tax with respect to the transactions contemplated by this Agreement shall be borne by the Surviving Corporation
and expressly shall not be a liability of the stockholders of Saturn.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(f)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Unless
otherwise agreed in writing by Halley and Saturn, then notwithstanding anything to the contrary herein, Halley, the Surviving
Corporation and Merger Sub 2 shall not consummate the Second Merger if (and only if) either Halley or Saturn (or both) shall
have received and provided to the other, on the Closing Date but prior to the Effective Time, a Closing Tax Opinion to the
effect that, for U.S. federal income tax purposes and assuming that the Second Merger does not occur, the Merger will
qualify as a &ldquo;reorganization&rdquo; within the meaning of Section 368(a) of the Code (the receipt by a party and
provision to the other party of such Closing Tax Opinion as provided herein, the &ldquo;<U>Second Merger Opt-Out
Condition</U>&rdquo;). Each party hereto shall cooperate and keep the other parties reasonably apprised with regard to all
issues and considerations arising out of the Second Merger Opt-Out Condition, including, without limitation, whether each
such party anticipates receiving a Closing Tax Opinion that would satisfy such condition reasonably in advance of the
Closing.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(g)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Halley shall promptly notify Saturn upon becoming actually aware of any Proposed Transfer or Transfer (as defined in the
Halley Charter) occurring after the date hereof that was pre-approved by the Halley board of directors, including any notification
received by Halley in connection with any proposed transfer pursuant to (i) the CF Turul Preapproval (as defined in the Resolutions
of the Board of Directors of HRG Group, Inc. dated May 30, 2015) and (ii) the HCP Preapproval (as defined in the Resolutions of
the Board of Directors of HRG Group, Inc. dated July 13, 2015).</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section
5.14<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Merger
Sub</U>. Halley will take all actions necessary to (a) cause Merger Sub to perform its obligations under this Agreement and (b)
ensure that, prior to the Effective Time, Merger Sub shall not conduct any business, or incur or guarantee any indebtedness or
make any investments, other than as specifically contemplated by this Agreement.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section
5.15<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Stock
Exchange Listing and Delisting</U>. Halley shall use its reasonable best efforts to cause the shares of Halley Common Stock issuable
to stockholders of Saturn in the First Merger to be approved for listing on the NYSE, subject to official notice of issuance,
prior to the Effective Time. Halley and Saturn shall cooperate with each other in taking all necessary actions to delist the Saturn
Common Stock from the NYSE and to terminate the registration of the Saturn Common Stock as of, or as promptly as practicable after,
the Effective Time.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section
5.16<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Post-Closing
Stockholders Agreement</U>. Prior to Effective Time, without the prior written approval of Saturn, Halley shall not modify, amend,
terminate, or cancel or waive, or release or otherwise forego any right under, or agree to modify, amend, terminate, or cancel
or waive, or release or otherwise forego any right under, the Post-Closing Stockholders Agreement.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section
5.17<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><U>Saturn
Stockholders Agreement; Registration Rights Agreement</U>.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The parties hereby agree that from and after the Effective Time, the following agreements shall be, without any further
action by the parties hereto, terminated and no longer effective: (i)&nbsp;<FONT STYLE="font-family: Times New Roman, Times, Serif">Stockholder
Agreement, dated as of February 9, 2010, by and among Harbinger Capital Partners Master Fund I, Ltd., Harbinger Capital Partners
Special Situations Fund, L.P., Global Opportunities Breakaway Ltd. and Spectrum Brands Holdings, Inc. (the &ldquo;<U>Saturn Stockholders
Agreement</U>&rdquo;), and (ii)&nbsp;Registration Rights Agreement, dated as of February 9, 2010, by and among Harbinger Capital
Partners Master Fund I, Ltd., Harbinger Capital Partners Special Situations Fund, L.P., Global Opportunities </FONT></FONT></P>

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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">Breakaway Ltd., Avenue
International Master, L.P., Avenue Investments, L.P., Avenue Special Situations Fund IV, L.P., Avenue Special Situations Fund
V, L.P., Avenue-CDP Global Opportunities Fund, L.P. and Spectrum Brands Holdings, Inc.</FONT></FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Prior to the Effective Time, Halley agrees not to (i) exercise its rights under <U>Section 3.3(b)</U> of the Saturn Stockholders
Agreement or (ii) make any request, demand or other assertion of its rights as the Significant Stockholder (as defined in the
Saturn Stockholders Agreement) under Article 6.2(a) of the Saturn Charter, in each case unless and until this Agreement is terminated
in accordance with its terms.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>At or prior to the Effective Time, Halley will have entered into the Post-Closing Registration Rights Agreement with the
other parties thereto.</FONT></P>




<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section
5.18<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Financing
Cooperation</U>. Halley shall, shall cause its Subsidiaries to, and shall use its reasonable best efforts to cause its and their
respective Representatives to, provide any reasonable cooperation and assistance as may be requested by Saturn from time to time
prior to the Closing in connection with any permitted financing or refinancing activities undertaken by Saturn in connection with
the transactions contemplated by this Agreement (including with respect to existing Indebtedness of Halley). &nbsp;Notwithstanding
the foregoing, (i) neither Halley nor any of its Subsidiaries shall be required to incur any monetary liability in connection
with any financing or other arrangements contemplated under this <U>Section 5.18</U> prior to the Closing or to cause any such
arrangements to become effective or be funded prior to the Closing, (ii) nothing in this <U>Section 5.18</U> shall require action
to the extent that it would (A) cause any condition to Closing set forth herein to not be satisfied or otherwise cause any breach
of this Agreement, (B) require Halley or any of its Subsidiaries to take any action that would conflict with or violate any organizational
documents or would be reasonably expected to violate any Law or result in a breach of, or default under, any Contract or (C) unreasonably
interfere in the operations of Halley and its Subsidiaries, (iii) neither Halley nor any of its Subsidiaries shall be required
to execute prior to the Closing any definitive financing documents and (iv) Saturn shall indemnify, defend and hold harmless Halley,
its Subsidiaries and its and their Representatives from and against any liability or obligation to any Person in connection with
any action required or requested under this <U>Section 5.18</U>.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><FONT STYLE="font-size: 10pt; text-transform: uppercase">Article
VI </FONT><FONT STYLE="font-size: 10pt"><BR>
CONDITIONS PRECEDENT</FONT></P>

<P STYLE="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section
6.1<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Conditions to Each Party&rsquo;s Obligation to Effect the Merger and the Charter Amendment</U>. The respective obligations
of each party to effect the Charter Amendment, the Merger and the Share Issuance is subject to the satisfaction or, to the extent
permitted by applicable Law (and except with respect to the condition set forth in Section 6.1(a)(ii), which shall not be waivable)
waiver by Saturn and Halley at or prior to the Closing of the following conditions:</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Saturn Requisite Stockholder Approvals</U>. Each of the (i) Saturn Stockholder Approval, (ii) Unaffiliated Saturn Stockholder
Approval, and (iii) Charter Saturn Stockholder Approval shall have been obtained.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</FONT><U>Halley Stockholder Approval</U>. The Halley Stockholder Approval shall have been obtained.</FONT></P>

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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt"></FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>No Injunctions or Legal Restraints; Illegality</U>. No temporary restraining order, injunction or other judgment, order
or decree issued by any Governmental Entity of competent jurisdiction shall be in effect, and no Law shall have been enacted,
entered, promulgated, enforced or deemed applicable by any Governmental Entity that, in any such case, restrains, enjoins, prohibits
or makes illegal the consummation of the Charter Amendment, the Merger or the Share Issuance.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</FONT><U>Registration</U>. The Form&nbsp;S-4 shall have been declared effective by the SEC under the Securities Act and no stop
order suspending the effectiveness of the Form&nbsp;S-4 shall have been issued by the SEC and be in effect and no proceedings
for that purpose shall have been initiated and be pending.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(e)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>NYSE Listing</U>. The shares of Halley Common Stock issuable to the stockholders of Saturn as provided for in <U>Article
II</U> and, after the Effective Time, in respect of Saturn Equity Awards shall have been approved for listing on the NYSE, subject
to official notice of issuance.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(f)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><U>Tax
Opinion</U>. Either Halley or Saturn (or both) shall have received a written opinion of any Tax Counsel, dated as of the
Closing Date and in form and substance reasonably satisfactory to such party, to the effect that for U.S. federal income tax
purposes the Merger will qualify as a &ldquo;reorganization&rdquo; within the meaning of Section 368(a) of the Code. In
rendering such opinion, Tax Counsel shall be entitled to receive and rely upon customary assumptions, representations,
warranties and covenants, including those contained in this Agreement and in the tax representation letters described in <U>Section
5.13</U>.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section
6.2<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Conditions to the Obligations of Halley and Merger Sub</U>. The obligation of Halley and Merger Sub to effect the Charter
Amendment, the Merger and the Share Issuance is also subject to the satisfaction, or (to the extent permitted by applicable Law)
waiver by Halley, at or prior to the Closing, of the following conditions:</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Representations and Warranties</U>.(i) Each of the representations and warranties of Saturn set forth in <U>Section
3.2(a)</U> (Capital Stock) shall be true and correct in all respects, as of the date hereof and as of the Closing Date as if made
anew as of the Closing Date (except to the extent such representations and warranties are expressly made as of an earlier date,
in which case they shall be so true and correct as of such earlier date) other than in each case for de minimis inaccuracies;
(ii) each of the representations and warranties of Saturn set forth in the first sentence of <U>Section 3.1</U> (Organization,
Standing and Power), <U>Section 3.3</U> (Authority), <U>Section 3.11</U> (State Takeover Statutes) and <U>Section 3.12</U> (Brokers),
shall be true and correct in all material respects, as of the date hereof and as of the Closing Date as if made anew as of the
Closing Date (except to the extent such representations and warranties are expressly made as of an earlier date, in which case
they shall be so true and correct in all material respects as of such earlier date); and (iii) each of the other representations
and warranties of Saturn set forth in this Agreement shall be true and correct (without giving effect to any materiality, Saturn
Material Adverse Effect or similar qualifiers) as of the date hereof and as of the Closing Date, as if made anew as of the Closing
Date (except to the extent such representations and warranties are expressly made as of an earlier date, in which case they shall
be so true and correct as of such earlier date) except for such inaccuracies as have not had and would not reasonably be expected
to have, individually or in the aggregate, a Saturn Material Adverse Effect.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</FONT><U>Performance of Obligations of Saturn</U>. Saturn shall have performed in all material respects the covenants and agreements
required to be performed by it under this Agreement at or prior to the Effective Time.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Absence of Saturn Material Adverse Effect</U>. Since the date of this Agreement, there shall not have been any Saturn
Material Adverse Effect.</FONT></P>

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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt"></FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Officers&rsquo; Certificate</U>. Halley shall have received a certificate signed by a senior executive officer of Saturn
on behalf of Saturn, dated as of the Closing Date, certifying as to the matters set forth in <U>Sections&nbsp;6.2(a)</U>, <U>6.2(b)
</U>and <U>6.2(c)</U>.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section
6.3<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Conditions to the Obligations of Saturn</U>. The obligation of Saturn to effect the Merger is also subject to the satisfaction,
or (to the extent permitted by applicable Law) waiver by Saturn, at or prior to the Closing, of the following conditions:</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><U>Representations
and Warranties</U>. (i) Each of the representations and warranties of Halley and Merger Sub set forth in <U>Section
4.2(a)</U> (Halley Capital Stock) and <U>Section 4.2(d)</U> (Merger Sub Capital Stock) shall be true and correct in all
respects as of the date hereof and as of the Closing Date as if made anew as of the Closing Date (except to the extent such
representations and warranties are expressly made as of an earlier date, in which case they shall be so true and correct as
of such earlier date) other than in each case for de minimis inaccuracies; (ii) each of the representations and warranties of
Halley and Merger Sub set forth in the first sentence of <U>Section 4.1</U> (Organization, Standing and Power), <U>Section
4.4</U> (Authority), <U>Section 4.13</U> (State Takeover Statutes) and <U>Section 4.16</U> (Brokers), shall be true and
correct in all material respects as of the date hereof and as of the Closing Date as if made anew as of the Closing Date
(except to the extent such representations and warranties are expressly made as of an earlier date, in which case they shall
be so true and correct in all material respects as of such earlier date); and (iii) each of the other representations and
warranties of Halley and Merger Sub set forth in this Agreement shall be true and correct (without giving effect to any
materiality, Halley Material Adverse Effect or similar qualifiers) as of the date hereof and as of the Closing Date, as if
made anew as of the Closing Date (except to the extent such representations and warranties are expressly made as of an
earlier date, in which case they shall be so true and correct as of such earlier date) except for such inaccuracies as have
not had and would not reasonably be expected to have, individually or in the aggregate, a Halley Material Adverse
Effect.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Performance of Obligations of Halley and Merger Sub</U>. Each of Halley and Merger Sub shall have performed in all material
respects the covenants and agreements required to be performed by it under this Agreement at or prior to the Effective Time.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Absence of Halley Material Adverse Effect</U>. Since the date of this Agreement, there shall not have been any Halley
Material Adverse Effect.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Officers&rsquo; Certificate</U>. Saturn shall have received a certificate signed by a senior executive officer of each
of Halley and Merger Sub on behalf of Halley and Merger Sub, respectively, dated as of the Closing Date, certifying as to the
matters set forth in <U>Sections&nbsp;6.3(a)</U>, <U>6.3(b)</U> and <U>6.3(c)</U>.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><FONT STYLE="font-size: 10pt; text-transform: uppercase">Article
VII </FONT><FONT STYLE="font-size: 10pt"><BR>
TERMINATION, AMENDMENT AND WAIVER</FONT></P>

<P STYLE="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section
7.1<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Termination</U>. This Agreement may be terminated at any time prior to the Effective Time, whether before or after the
Saturn Requisite Stockholder Approvals or the Halley Stockholder Approval has been obtained, except as otherwise expressly noted
(with any termination by Halley also being an effective termination by Merger Sub):</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>by mutual written consent of Halley and Saturn;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>by either Halley or Saturn:</FONT></P>

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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt"></FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>if the Closing shall not have occurred on or before October 8, 2018 (the &ldquo;<U>Outside Date</U>&rdquo;); <U>provided</U>,
<U>however</U>, that the right to terminate this Agreement pursuant to this <U>Section 7.1(b)(i)</U> shall not be available to
any party whose failure to fulfill any of such party&rsquo;s obligations under this Agreement was a proximate cause of the failure
of the Closing to have occurred by the Outside Date;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(ii)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>if any court of competent jurisdiction or other Governmental Entity shall have issued a judgment, order, injunction, rule,
Law or decree, or taken any other action, restraining, enjoining or otherwise prohibiting any of the Charter Amendment, the Share
Issuance or the Merger and such judgment, order, injunction, rule, Law, decree or other action shall have become final and nonappealable;
<U>provided</U>, <U>however</U>, that the right to terminate this Agreement pursuant to this <U>Section 7.1(b)(ii)</U> shall not
be available to any party whose failure to fulfill any of such party&rsquo;s obligations under this Agreement was the principal
cause of such judgment, order, injunction, rule, Law, decree or other action;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"></P>




<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(iii)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>if the Saturn Requisite Stockholder Approvals shall not have been obtained at the Saturn Stockholders Meeting duly convened
therefor or at any adjournment or postponement thereof in accordance with this Agreement;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(iv)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>if the Halley Stockholder Approval shall not have been obtained at the Halley Stockholders Meeting duly convened therefor
or at any adjournment or postponement thereof in accordance with this Agreement;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>by Halley, if Saturn shall have materially breached or failed to perform any of its covenants or agreements set forth in
this Agreement, or if any representation or warranty of Saturn shall have been untrue as of the date hereof or shall thereafter
have become untrue, which breach or failure to perform or to be or remain true, either individually or in the aggregate, if occurring
or continuing at the Closing (A)&nbsp;would result in the failure of any of the conditions set forth in <U>Section 6.2(a)</U>
or <U>6.2(b)</U> and (B)&nbsp;cannot be or has not been cured by the earlier of (1)&nbsp;the Outside Date and (2)&nbsp;forty-five
(45) days after the receipt of written notice by Saturn from Halley of such breach or failure; <U>provided</U>, <U>however</U>,
that Halley shall not have the right to terminate this Agreement pursuant to this <U>Section 7.1(c)</U> if, at the time of delivery
of such written notice, Halley or Merger Sub shall have materially breached or failed to perform any of its covenants or agreements
set forth in this Agreement or any of their representations or warranties shall have been untrue as of the date hereof or shall
thereafter have become untrue, which breach or failure to perform or to be or remain true, either individually or in the aggregate,
if occurring or continuing at the Closing, would result in the failure of any of the conditions set forth in <U>Section 6.3(a)
</U>or <U>6.3(b)</U>;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>by Halley, if the board of directors of Saturn shall have effected an Adverse Recommendation Change;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(e)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>by Saturn, if Halley or Merger Sub shall have materially breached or failed to perform any of its covenants or agreements
set forth in this Agreement, or if any representation or warranty of Halley or Merger Sub shall have been untrue as of the date
hereof or shall thereafter have become untrue, which breach or failure to perform or to be or remain true, either individually
or in the aggregate, if occurring or continuing at the Closing (A)&nbsp;would result in the failure of any of the conditions set
forth in <U>Section 6.3(a)</U> or <U>6.3(b)</U> and (B)&nbsp;cannot be or has not been cured by the earlier of (1)&nbsp;the Outside
Date and (2)&nbsp;forty-five (45) days after the receipt of written notice by Halley from Saturn of such breach or failure; <U>provided</U>,
<U>however</U>, that Saturn shall not have the right to terminate this Agreement pursuant to this <U>Section 7.1(e)</U> if, at
the time of delivery of such written notice, it shall have materially breached or failed to perform any of its covenants or agreements
set forth in this Agreement or any of its </FONT></P>

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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">representations or warranties shall have been untrue as of the date hereof or shall
thereafter have become untrue, which breach or failure to perform or to be or remain true, either individually or in the aggregate,
if occurring or continuing at the Closing, would result in the failure of any of the conditions set forth in <U>Section 6.2(a)
</U>or <U>6.2(b)</U>; or</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(f)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</FONT>by Saturn, if the board of directors of Halley shall have effected an Adverse Recommendation Change.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">The
party desiring to terminate this Agreement pursuant to this <U>Section 7.1</U> (other than pursuant to <U>Section 7.1(a)</U>)
shall provide written notice of termination to the other party, specifying the provisions hereof pursuant to which such termination
is made and the basis therefor described in reasonable detail, and any such termination in accordance with this <U>Section 7.1
</U>shall be effective immediately upon delivery of such written notice to the other party.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>




<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section
7.2<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Notice of Termination; Effect of Termination</U>. In the event of termination of the Agreement, this Agreement shall
immediately become void and have no force or effect, without any liability or obligation on the part of Halley, Merger Sub or
Saturn or any of their respective Representatives or Affiliates, provided, however, that notwithstanding the foregoing:</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>the Confidentiality Agreement and the provisions of the second sentence of <U>Section 5.5(a)</U> (Access to Information;
Confidentiality), this <U>Section 7.2</U>, <U>Section 7.3</U> (Fees and Expenses), <U>Section 7.4</U> (Amendments) and <U>Article
VIII</U> (General Provisions) (other than <U>Section 8.1</U>) shall survive the termination hereof; and</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</FONT>no such termination shall relieve any party from any liability for damages resulting from any material breach of this Agreement
by such party that is a consequence of an act by such party, or the failure of such party to take an act, with the knowledge,
or in circumstances where such party should reasonably have known, that the taking of, or the failure to take, such act would
constitute a material breach of this Agreement or from amounts payable pursuant to <U>Section 7.3</U>, in which case the non-breaching
party shall be entitled to all rights and remedies available at Law or in equity.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section
7.3<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Fees and Expenses</U>. Except as otherwise provided in this Agreement, all fees and expenses incurred
in connection with this Agreement and the transactions contemplated hereby shall be paid by the party incurring such fees or expenses,
whether or not the Closing occurs. Notwithstanding the foregoing, Saturn will pay any SEC filing fees, Exchange Agent or transfer
agent fees and expenses, any amounts incurred by Halley or any of its Subsidiaries in connection with the cooperation contemplated
by <U>Section 5.18</U> and any fees payable to any stock exchange or to FINRA in connection with this Agreement and the transactions
contemplated hereby (the &ldquo;<U>Saturn Fees</U>&rdquo;).</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section
7.4<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Amendment or Supplement</U>. Subject to applicable Law, this Agreement may be amended, modified or supplemented by the
parties by action taken or authorized by each of their respective boards of directors at any time prior to the Effective Time,
whether before or after the Saturn Requisite Stockholder Approvals and/or the Halley Stockholder Approval has been obtained; <U>provided
</U>that after the Saturn Requisite Stockholder Approvals or the Halley Stockholder Approval has been obtained there shall be
no amendment or waiver that would require the further approval of the stockholders of Saturn or the stockholders of Halley, respectively,
under applicable Law without such approval having first been obtained. This Agreement may not be amended, modified or supplemented
in any manner, whether by course of conduct or otherwise, except by an instrument in writing specifically designated as an amendment
hereto, signed on behalf of each of the parties in interest at the time of the amendment.</FONT></P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section
7.5<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Extension of Time; Waiver</U>. The parties may, by action taken or authorized by their respective boards of directors,
subject to applicable Law, (a)&nbsp;extend the time for the performance of any of the obligations or acts of the other parties,
(b)&nbsp;waive any inaccuracies in the representations and warranties of the other parties set forth in this Agreement or any
document delivered pursuant hereto or (c)&nbsp;waive compliance with any of the agreements or the satisfaction of conditions of
the other parties contained herein (except with respect to the condition set forth in Section 6.1(a)(ii), which shall not be waivable).
Any agreement on the part of a party to any such waiver shall be valid only if set forth in a written instrument executed and
delivered by a duly authorized officer on behalf of such party. No failure or delay of any party in exercising any right or remedy
hereunder shall operate as a waiver thereof, nor shall any single or partial exercise of any such right or power, or any abandonment
or discontinuance of steps to enforce such right or power, or any course of conduct, preclude any other or further exercise thereof
or the exercise of any other right or power. The rights and remedies of the parties hereunder are cumulative and are not exclusive
of any rights or remedies which they would otherwise have hereunder.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>




<P STYLE="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><FONT STYLE="font-size: 10pt; text-transform: uppercase">Article
VIII </FONT><FONT STYLE="font-size: 10pt"><BR>
GENERAL PROVISIONS</FONT></P>

<P STYLE="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section
8.1<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;</FONT><U>Non-Survival</U>. None of the representations, warranties, covenants or agreements in this Agreement or in any instrument
delivered pursuant to this Agreement shall survive the Effective Time or, except as provided in <U>Section 7.2</U>, the termination
of this Agreement pursuant to <U>Section 7.1</U>, as the case may be, except that this <U>Section 8.1</U> shall not limit any
covenants or agreements of the parties that by their terms apply, or are to be performed in whole or in part, after the Effective
Time or after the termination of this Agreement.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section
8.2<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>The Special Committee</U>. Until the Effective Time, each of the following actions by Saturn or by the board of directors
of Saturn may be effected only if such action is recommended by or taken at the direction of the Special Committee: (a) any action
by Saturn or its board of directors with respect to any amendment or waiver of any provision of this Agreement; (b) termination
of this Agreement by Saturn or its board of directors; (c) extension by Saturn or its board of directors of the time for the performance
of any of the obligations or other acts of Halley or Merger Sub, or any waiver or assertion of any of Saturn&rsquo;s rights under
this Agreement; or (d) any other approval, agreement, authorization, consent or other action by Saturn or its board of directors
with respect to this Agreement or the transactions contemplated hereby.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section
8.3<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Notices</U>. All notices and other communications hereunder shall be in writing and shall be deemed duly given (a)&nbsp;on
the date of delivery if delivered personally, or if by facsimile, upon written confirmation of receipt by facsimile, (b)&nbsp;on
the first (1st) Business Day following the date of dispatch if delivered utilizing a next-day service by a recognized next-day
courier (providing written proof of delivery) or (c) on the earlier of confirmed receipt or the fifth (5th) Business Day following
the date of mailing if delivered by registered or certified mail, return receipt requested, postage prepaid. All notices hereunder
shall be delivered to the addresses set forth below, or pursuant to such other instructions as may be designated in writing by
the party to receive such notice:</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>if to Halley or Merger Sub or the Surviving Corporation or the Surviving Company, to:</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-indent: 0in"><FONT STYLE="font-size: 10pt">HRG
Group, Inc.<BR>
450 Park Avenue, 29th Floor<BR>
New York, New York 10022<BR>
Attention: Ehsan Zargar<BR>
Facsimile: (212) 906-8559</FONT></P>

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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in"><FONT STYLE="font-size: 10pt"></FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-indent: 0in"><FONT STYLE="font-size: 10pt">with
a copy (which shall not constitute notice) to:<BR>
<BR>
Davis Polk &amp; Wardwell LLP<BR>
450 Lexington Avenue<BR>
New York, New York 10017<BR>
Attention: John Butler<BR>
Facsimile: (212) 450-5745</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(ii)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>if to Saturn, to:</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-indent: 0in"><FONT STYLE="font-size: 10pt">Spectrum
Brands Holdings, Inc.</FONT><BR>
<FONT STYLE="font-size: 10pt">3001 Deming Way</FONT><BR>
<FONT STYLE="font-size: 10pt">Middleton, Wisconsin 53562</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-indent: 0in"><FONT STYLE="font-size: 10pt">Attention: Nathan E. Fagre</FONT><BR>
<FONT STYLE="font-size: 10pt">Facsimile: <FONT STYLE="background-color: white">(</FONT>608) 288-7546</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-indent: -0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-indent: 0in"><FONT STYLE="font-size: 10pt">with
a copy (which shall not constitute notice) to:</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-indent: 0in"><FONT STYLE="font-size: 10pt">Kirkland
&amp; Ellis LLP<BR>
601 Lexington Avenue<BR>
New York, New York 10022<BR>
Attention: Sarkis Jebejian, Esq.;<BR>
Jonathan L. Davis, Esq.<BR>
Facsimile: <FONT STYLE="background-color: white">(212)&nbsp;446-6460</FONT></FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-indent: 0in"><FONT STYLE="font-size: 10pt">and</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-indent: 0in"><FONT STYLE="font-size: 10pt">Cleary
Gottlieb Steen&nbsp;&amp; Hamilton LLP<BR>
One Liberty Plaza<BR>
New York, NY 10006<BR>
Attention: Paul J. Shim;<BR>
James E. Langston<BR>
Facsimile.: (212)&nbsp;225-3999</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><U>provided</U> that any notice
received by facsimile transmission or otherwise at the addressee&rsquo;s location on any business day after 5:00 P.M. (addressee&rsquo;s
local time) or on any day that is not a business day shall be deemed to have been received at 9:00 A.M. (addressee&rsquo;s local
time) on the next business day.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section
8.4<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Certain Definitions</U>. For purposes of this Agreement:</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<U>Adjusted Saturn Shares Held by Halley</U>&rdquo; means (i) the Unadjusted Saturn Shares Held by Halley, <U>minus
</U>(ii) the Halley Share Adjustment;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<U>Affiliate</U>&rdquo; of any Person means any other Person that directly or indirectly, through one or more intermediaries,
controls, is controlled by, or is under common control with, such first Person; <U>provided</U>, <U>however</U> that unless otherwise
explicitly stated, Halley and its Subsidiaries shall not be deemed Affiliates of Saturn and its Subsidiaries (and vice versa)
for any purpose hereunder;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<U>Aggregate Halley Vested Restricted Stock Shares</U>&rdquo; means, as of immediately prior to the Reverse Split
Time, the aggregate number of Halley Vested Restricted Stock Award Shares calculated in accordance with <U>Section 2.4(b)</U>;</FONT></P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<U>Business Day</U>&rdquo; means any day other than a Saturday, a Sunday or a day on which banks in New York, New
York are authorized or required by applicable Law to be closed;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(e)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<U>Charter Saturn Stockholder Approval</U>&rdquo; means the affirmative vote required under Section 12 of the Saturn
Charter (as in effect as of the date hereof) in connection with a Going Private Transaction (as defined in the Saturn Charter
as in effect as of the date hereof);</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>




<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(f)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<U>Closing Cash</U>&rdquo; means as of 11:59 pm New York time on the Adjustment Measurement Date, (i) all cash and
cash equivalents, marketable securities and short-term instruments of Halley and its Subsidiaries on a consolidated basis, <U>plus
</U>(ii) Halley and its Subsidiaries&rsquo; proportionate share of any unpaid dividend declared by Saturn in respect of Saturn
Common Stock if the record date for such dividend is on or prior to the Adjustment Measurement Date; <U>provided</U> that, Closing
Cash shall (A) be calculated without giving effect to any payment in respect of fractional shares arising in connection with the
Reverse Split or the Merger or any other payment or deposit of Merger Consideration, (B) not include the cash, assets and property
listed as items 1-4 on Section 5.1(e) of the Halley Disclosure Letter, irrespective of whether such cash, assets or property are
sold, disposed of or otherwise transferred prior to the Closing Date (in which case Closing Cash shall also not include any cash,
property or assets received in connection with such sale, disposal or transfer) and (C) not include any cash and cash equivalents,
marketable securities and short-term instruments held by any of Salus Capital Partners LLC, Salus Capital Partners II LLC, Salus
CLO 2012-1, Ltd., Salus CLO 2012-1, LLC or their respective Subsidiaries;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(g)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<U>Closing Indebtedness</U>&rdquo; means all Indebtedness of Halley and its Subsidiaries on a consolidated basis
as of 11:59 pm New York time on the Adjustment Measurement Date, other than (i) Indebtedness of any of Salus Capital Partners
LLC, Salus Capital Partners II LLC, Salus CLO 2012-1, Ltd., Salus CLO 2012-1, LLC or their respective Subsidiaries (the &ldquo;<U>Salus
Entities</U>&rdquo;) up to the amount of cash and cash equivalents, marketable securities and short-term instruments of the Salus
Entities and (ii) Indebtedness of any of the Salus Entities that does not provide recourse against Halley or any of its Subsidiaries
(other than the Salus Entities), in each case as of such time;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(h)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<U>Closing Net Indebtedness</U>&rdquo; means Closing Indebtedness <U>minus</U> Closing Cash <U>minus</U> $200,000,000;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<U>Contract</U>&rdquo; means any bond, debenture, note, mortgage, indenture, guarantee, license, lease, purchase
or sale order, commitment, agreement, instrument, obligation, undertaking, permit or franchise;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(j)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<U>control</U>&rdquo; (including the terms &ldquo;<U>controlled</U>,&rdquo; &ldquo;<U>controlled by</U>&rdquo; and
&ldquo;<U>under common control with</U>&rdquo;) means the possession, directly or indirectly, of the power to direct or cause
the direction of the management and policies of a Person, whether through the ownership of voting securities, by contract, credit
arrangement or otherwise;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(k)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<U>Form S-4</U>&rdquo; means the registration statement on Form S-4, or, or other appropriate form, including any
pre-effective or post-effective amendments or supplements thereto, filed with the SEC by Halley under the Securities Act with
respect to the shares of Halley Common Stock to be issued to the stockholders of Saturn in connection with the transactions contemplated
by this Agreement;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(l)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<U>Halley Final Unpaid Transaction Expenses</U>&rdquo; means, except for the Saturn Fees, which shall be borne by
Saturn, the aggregate amount of all incurred but unpaid (as of the Adjustment Measurement Date) (i) third-party advisor fees and
expenses of Halley and any of its Subsidiaries in connection with the negotiation, preparation, execution or consummation of this
Agreement and the transactions contemplated hereby and (ii) except for consideration payable or issuable pursuant to the</FONT></P>

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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">terms of
this Agreement (including pursuant to the Reverse Split and <U>Article II</U>), change of control, retention bonus, termination,
severance or other similar payments that are payable by Halley or any of its Subsidiaries to any current or former employee, consultant,
officer, director or Affiliate (including for the avoidance of doubt L and F) ofHalley or any of its Subsidiaries in connection
with the transactions contemplated hereby or set forth on <U>Section 8.4(l)</U> of the Halley Disclosure Letter (for the avoidance
of doubt to the extent incurred but unpaid as of the Adjustment Measurement Date), together with any employer-paid portion of
any employment and payroll taxes related thereto;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(m)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<U>Halley Material Adverse Effect</U>&rdquo; means any event, change, occurrence or effect that with respect to
Halley and its Subsidiaries taken as a whole, has had or would reasonably be expected to have, individually or aggregate, a material
adverse effect on the business, financial condition or results of operations of Halley and its Subsidiaries, taken as a whole
(for clarity, determined taking into account Halley&rsquo;s ownership of Saturn Common Stock), or the ability of Halley to consummate
the Merger, the Share Issuance or the Charter Amendment; <U>provided</U> that any event, change, occurrence or effect to the extent
resulting from the following will be excluded from the determination of Halley Material Adverse Effect: (A)&nbsp;events, changes,
occurrences, effects or conditions generally affecting the industries or markets in which Halley or its Subsidiaries operate;
(B)&nbsp;any acts of God, natural disasters, the outbreak or escalation of war, armed hostilities or acts of terrorism; (C)&nbsp;changes
in Law or GAAP or the interpretation or enforcement of either; (D)&nbsp;the negotiation, execution, consummation, existence, delivery,
performance or announcement of this Agreement (provided that the exceptions in this clause&nbsp;(D) shall not apply to any representation
or warranty to the extent the purpose of such representation or warranty (or any portion thereof) is to address the consequences
resulting from the execution and delivery of this Agreement, the Saturn Support Agreement, the Halley Support Agreement or the
Post-Closing Stockholders Agreement, the performance of the obligations hereunder or thereunder the consummation of the transactions
contemplated hereby or thereby); (E)&nbsp;general economic, regulatory or political conditions (or changes therein) or conditions
(or changes therein) in the financial, credit or securities markets (including changes in interest or currency exchange rates)
in any country or region in which Halley or its Subsidiaries conduct business; (F) events, changes, occurrences, effects or conditions
relating to any current, former or claimed tax asset or tax attribute of Halley, any of its Subsidiaries or any tax group that
includes Halley or any of its Subsidiaries, including for the avoidance of doubt (i) any net operating loss or capital loss of
Halley, any of its Subsidiaries or any tax group, (ii) any limitations applicable to any such tax asset or tax attribute, and
(iii) any ownership or change in ownership relevant to the foregoing; or (G)&nbsp;any changes in the market price or trading volume
of Halley Common Stock, any failure by Halley or its Subsidiaries to meet internal, analysts&rsquo; or other earnings estimates
or financial or operating projections or forecasts for any period, any changes in credit ratings and any changes in any analysts
recommendations or ratings with respect to Halley or any of its Subsidiaries (provided that, in each case, such exclusion will
not apply to the underlying causes of any such changes or failure to the extent not otherwise falling within any of the exceptions
described in clauses (A) through (G)); <U>provided</U>, <U>however</U>, that the impact of any event, change, occurrence or effect
described in clause (A), (B), (C) or (E) may be included for purposes of determining whether a Halley Material Adverse Effect
has occurred or would reasonably be expected to occur to the extent such event, change, occurrence or effect has or is reasonably
expected to have a disproportionately adverse effect on Halley and its Subsidiaries, take as a whole, as compared to other businesses
operating in the industries in which Halley and its Subsidiaries operate, taken as a whole (and then only to the extent of such
disproportionate adverse effect); <U>provided</U>, that, subject to the exceptions set forth in clauses (A) through (G) above,
a Halley Material Adverse Effect shall be deemed to have occurred if (but only if) all such events, changes, occurrences or effects
have resulted or would reasonably be expected to result in a net adverse impact in excess of $100,000,000 to the business, financial
condition or results of operations of Halley and its Subsidiaries, taken as a whole (for clarity, determined without taking into
account Halley and its Subsidiaries&rsquo; ownership of Saturn Common Stock).</FONT></P>

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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt"></FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(n)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<U>Halley Plans</U>&rdquo; means, collectively, all material &ldquo;employee benefit plan&rdquo; (within the meaning
of Section&nbsp;3(3) of the Employee Retirement Income Security Act of 1974, (&ldquo;<U>ERISA</U>&rdquo;)) (other than a &ldquo;multiemployer
plan&rdquo; (within the meaning of Section 3(37) of ERISA) (a &ldquo;<U>Multiemployer Plan</U>&rdquo; or &ldquo;<U>Multiemployer
Plans</U>&rdquo;)) and all material stock purchase, stock option, phantom stock or other equity-based plans, severance, employment,
collective bargaining, change-in-control, retention, fringe benefit, bonus, incentive, deferred compensation and all other material
employee benefit and compensation plans, agreements, programs, policies or other arrangements, whether or not subject to ERISA,
under which any current or former employee, director or consultant of Halley or its Subsidiaries (or any of their dependents)
has any right to compensation or benefits or Halley or its Subsidiaries has any liability or with respect to which it is otherwise
bound;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(o)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<U>Halley Share Adjustment</U>&rdquo; means (i) the sum of (A) Closing Net Indebtedness and (B)&nbsp;Halley Final
Unpaid Transaction Expenses, divided by (ii) the Saturn VWAP;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(p)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<U>Halley Share Consolidation Ratio</U>&rdquo; means (i) the Adjusted Saturn Shares Held by Halley, divided by (ii)
the Pre-Closing Outstanding Halley Shares;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(q)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<U>Halley Stockholder Approval</U>&rdquo; means the (i) affirmative vote the holders of a majority of the outstanding
shares of Halley Common Stock, approving and adopting the Charter Amendment (as the components thereof may be combined or separately
required to be proposed or presented), (ii) affirmative vote the holders of a majority of Halley Common Stock present in person
or represented by proxy at the Halley Stockholders Meeting approving the Share Issuance and (iii) consent of the holder of the
Halley Preferred Stock approving the Charter Amendment;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(r)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<U>Halley Stockholders Meeting</U>&rdquo; means a meeting of the stockholders of Halley to be called to consider
approving the Charter Amendment (as the components thereof may be combined or separately required to be proposed or presented)
and the Share Issuance;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(s)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<U>Indebtedness</U>&rdquo; means, with respect to any Person, (i)&nbsp;all obligations of such Person for borrowed
money or obligations issued or incurred in substitution or exchange for obligations for borrowed money, and any accrued interest
thereon, (ii)&nbsp;any obligations evidenced by bonds, notes, debentures, mortgages, letters of credit (to the extent drawn) or
other debt instruments or securities, and any accrued interest thereon, (iii) penalties, breakages, &ldquo;make whole amounts&rdquo;
and other obligations relating to the foregoing (in each case solely to the extent such obligations became payable as a result
of acts or omissions by Halley or its Subsidiaries prior to the Closing) and (iii)&nbsp;any obligations to guarantee any of the
foregoing types of obligations on behalf of any such Person;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(t)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>&ldquo;<U>Independent
Designee Requirements</U>&rdquo; means, with respect to an individual designated by L to serve as a member of the board of
directors of Halley (as of and following the Effective Time) pursuant to <U>Section 1.3(a)</U>, that (i) such individual (A)
qualifies as an &ldquo;independent director&rdquo; of Halley and Saturn, in each case, as of and following the Effective
Time, under Rule 303A(2) of the NYSE Listed Company Manual, (B) is not, and within the three years prior to the date of this
Agreement has not been, a director, officer, or employee of Halley, L, F or any of their respective Subsidiaries, (C) is not
as of the Closing Date a director, officer or employee of a hedge fund or an investment bank, (D) completes reasonable and
customary onboarding documentation generally applicable to the other members of the board of directors of Halley (as of
the date hereof), and (E) has not been the subject of any event required to be disclosed pursuant to Items 2(d) or 2(e) of
Schedule 13D under the Exchange Act or Item 401(f) of Regulation S-K of the Securities Act (for the avoidance of doubt,
excluding bankruptcies and violations of or non-compliance with Section 16(b) under the Exchange Act) involving an act of
moral turpitude by such individual and is not subject to any order, decree or judgment of any Governmental Entity prohibiting
service as a director of any public company, </FONT></P>

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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">and (ii) the election of such individual to the board of directors of Halley
would not cause Halley to be in violation of applicable Law;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(u)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&ldquo;<U>Joint Proxy Statement/Prospectus</U>&rdquo; means the joint proxy statement/prospectus, including any amendments
or supplements thereto, relating to the matters to be submitted to the Saturn stockholders at the Saturn Stockholders Meeting
and to the Halley stockholders at the Halley Stockholders Meeting;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(v)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&ldquo;<U>Merger Sub Stockholder Approval</U>&rdquo; means (i) the approval of the holders of a majority of the outstanding
shares of the common stock of Merger Sub 1 approving and adopting this Agreement and the actions contemplated hereby and (ii)
the approval of the sole member of Merger Sub 2 approving and adopting this Agreement and the actions contemplated hereby;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(w)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&ldquo;<U>NYSE</U>&rdquo; means the New York Stock Exchange;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(x)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&ldquo;<U>Ordinary Course</U>&rdquo; means, with respect to Saturn, only consistent with past practices through the date
of this Agreement, and with respect to Halley, only such actions necessary in connection with and incident to the transactions
contemplated by this Agreement, its ownership of Saturn Common Stock, its existence as a public company listed on the NYSE and
the simplification and the ongoing wind-down of its other businesses in a manner consistent with the due diligence information
provided by Halley to Saturn prior to the date of this Agreement and other matters reasonably incidental thereto;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(y)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&ldquo;<U>Person</U>&rdquo; means an individual, corporation, partnership, limited liability company, association, trust
or other entity or organization, including any Governmental Entity;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(z)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&ldquo;<U>Pre-Closing
Outstanding Halley Shares</U>&rdquo; means, as of immediately prior to the Reverse Split Time, the sum of (without duplication)
(i) (A) the aggregate number of shares of Halley Common Stock subject to then unexercised Halley Stock Options and Halley Warrants,
<U>minus</U> (B) the number of shares of Halley Common Stock having a then aggregate value equal to the aggregate exercise price
of such unexercised Halley Stock Options and Halley Warrant, (ii) the Aggregate Halley Vested Restricted Stock Shares, and (iii)
the aggregate number of issued and outstanding shares of Halley Common Stock;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(aa)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>&ldquo;<U>Saturn
Material Adverse Effect</U>&rdquo; means any event, change, occurrence or effect that, individually or in the aggregate, has
had or would reasonably be expected to have a material adverse effect on the business, financial condition or results of
operations of Saturn and its Subsidiaries, taken as a whole, or the ability of Saturn to consummate the
Merger; <U>provided</U> that any event, change, occurrence or effect to the extent resulting from the following will be
excluded from the determination of Saturn Material Adverse Effect: (A)&nbsp;events, changes, effects or conditions generally
affecting the industries or markets in which Saturn or its Subsidiaries operate; (B)&nbsp;any acts of God, natural disasters,
the outbreak or escalation of war, armed hostilities or acts of terrorism; (C)&nbsp;changes in Law or GAAP or the
interpretation or enforcement of either; (D)&nbsp;the negotiation, execution, consummation, existence, delivery, performance
or announcement of this Agreement (provided that the exceptions in this clause&nbsp;(D) shall not apply to any representation
or warranty to the extent the purpose of such representation or warranty (or any portion thereof) is to address the
consequences resulting from the execution and delivery of this Agreement, the Saturn Support Agreement, the Halley Support
Agreement or the Post-Closing Stockholders Agreement, the performance of the obligations hereunder or thereunder the
consummation of the transactions contemplated hereby or thereby); (E)&nbsp;general economic, regulatory or political
conditions (or changes therein) or conditions (or changes therein) in the financial, credit or securities markets (including
changes in interest or currency exchange rates) in any country or region in which Saturn or its Subsidiaries </FONT></P>

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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">conduct
business; (F)&nbsp;any changes in the market price or trading volume of Saturn Common Stock, any failure by Saturn or its
Subsidiaries to meet internal, analysts&rsquo; or other earnings estimates or financial or operating projections or forecasts
for any period, any changes in credit ratings and any changes in any analysts recommendations or ratings with respect to
Saturn or any of its Subsidiaries (<U>provided that</U>, in each case, such exclusion will not apply to the underlying
causes of any such changes or failure to the extent not otherwise falling within any of the exceptions described in clauses
(A) through (F)); or (H) any acts or omission of Halley or any of its Affiliates; <U>provided</U>, <U>however</U>, that the
impact of any event, change, occurrence or effect described in clause (A), (B), (C) or (E) may be included for purposes of
determining whether a Saturn Material Adverse Effect has occurred or would reasonably be expected to occur to the extent such
event, change, occurrence or effect has or is reasonably expected to have a disproportionately adverse effect on Saturn and
its Subsidiaries, take as a whole, as compared to other businesses operating in the industries in which Saturn and its
Subsidiaries operate, taken as a whole (and then only to the extent of such disproportionate adverse effect);</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(bb)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<U>Saturn Plans</U>&rdquo; means, collectively, all material &ldquo;employee benefit plan&rdquo; (within the meaning
of Section&nbsp;3(3) of ERISA) (other than Multiemployer Plans) and all material stock purchase, stock option, phantom stock or
other equity-based plans, severance, employment, collective bargaining, change-in-control, retention, fringe benefit, bonus, incentive,
deferred compensation and all other material employee benefit and compensation plans, agreements, programs, policies or other
arrangements, whether or not subject to ERISA, under which any current or former employee, director or consultant of Saturn or
its Subsidiaries (or any of their dependents) has any right to compensation or benefits or Saturn or its Subsidiaries has any
liability or with respect to which it is otherwise bound;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(cc)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<U>Saturn Requisite Stockholder Approvals</U>&rdquo; means (i) the Saturn Stockholder Approval, (ii) the Unaffiliated
Saturn Stockholder Approval and (iii) the Charter Saturn Stockholder Approval;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(dd)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<U>Saturn Stockholder Approval</U>&rdquo; means the affirmative vote of the holders of a majority of the outstanding
shares of Saturn Common Stock adopting this Agreement;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(ee)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<U>Saturn Stockholders Meeting</U>&rdquo; means a meeting of the stockholders of Saturn to be called to consider
approving and adopting this Agreement and the transactions contemplated hereby, including the Merger;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(ff)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<U>Saturn VWAP</U>&rdquo; means the volume-weighted average price of a share of Saturn Common Stock for the twenty
(20) trading day period starting with the opening of trading on the twenty-first (21st) trading day prior to the Closing Date
and ending at the closing of trading on the second to last trading day prior to the Closing Date, as reported by Bloomberg;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(gg)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&ldquo;<U>SEC</U>&rdquo; means the U.S. Securities and Exchange Commission;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>




<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(hh)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<U>Share Issuance</U>&rdquo; means the issuance of shares of Halley Common Stock pursuant to the First Merger as
contemplated by this Agreement or in respect of Saturn Equity Awards after the Effective Time;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(ii)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&ldquo;<U>Subsidiary</U>&rdquo;
means, with respect to any Person, any corporation, partnership, joint venture or other legal entity of which such Person
(either above or through or together with any other subsidiary), owns, directly or indirectly, more than fifty percent (50%)
of the stock or other equity interests, the holders of which are generally entitled to vote for the election of the board of
directors or other governing body of such corporation or other legal entity; <U>provided</U>, <U>however</U> that neither
Saturn nor </FONT></P>

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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">its Subsidiaries will be deemed a Subsidiary of Halley for any purpose hereunder, unless otherwise
expressly stated;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(jj)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&ldquo;<U>Tax</U>&rdquo;
(including &ldquo;<U>Taxes</U>&rdquo;) means all federal, state, local, foreign and other income, gross receipts, sales, use,
ad valorem, transfer, franchise, profits, license, lease, service, service use, withholding, payroll, employment, excise, severance,
stamp, occupation, premium, property, windfall profits, registration, value added, capital stock, environmental, alternative minimum,
unclaimed property, estimated, social security (or similar), unemployment, escheat, customs, duties or other taxes, fees, assessments
or charges of any kind whatsoever payable to a Governmental Entity, together with any interest and any penalties, additions to
tax or additional amounts with respect thereto;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(kk)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&nbsp;&ldquo;<U>Tax Counsel</U>&rdquo; means any of (i) Kirkland &amp; Ellis LLP, (ii) Davis Polk &amp; Wardwell LLP and (iii)
such other nationally recognized Tax counsel as is reasonably satisfactory to Halley and Saturn;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(ll)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&ldquo;<U>Tax Return</U>&rdquo; means any return, declaration, report, statement, notice, certificate, election, information
statement or other document filed or required to be filed with respect any Tax, including any claims for refunds of Taxes and
any amendments, supplements, schedules or attachments to any of the foregoing;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(mm)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&nbsp;&nbsp;&nbsp;&ldquo;<U>Taxing Authority</U>&rdquo; means any government or subdivision, agency, commission or authority thereof, or
any quasi-governmental or private body having jurisdiction over the assessment, determination, collection or other imposition
of Taxes;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(nn)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<U>Unadjusted Saturn Shares Held by Halley</U>&rdquo; means the number of shares of Saturn Common Stock held by
Halley and its Subsidiaries as of immediately prior to the Effective Time; and</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(oo)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<U>Unaffiliated Saturn Stockholder Approval</U>&rdquo; means the affirmative vote of the holders of a majority of
the outstanding shares of Saturn Common Stock beneficially owned, directly or indirectly, by Unaffiliated Saturn Stockholders,
adopting this Agreement.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(pp)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<U>Unaffiliated Saturn Stockholders</U>&rdquo; shall mean holders of Saturn Common Stock other than Halley and its
Affiliates and the executive officers of Saturn.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section
8.5<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;</FONT><U>Interpretation</U>.
When a reference is made in this Agreement to a Section, Article, exhibit, annex or schedule, such reference shall be to a
Section, Article, exhibit, annex or schedule of this Agreement unless otherwise indicated. The table of contents and headings
contained in this Agreement or in Saturn Disclosure Letter or the Halley Disclosure Letter are for convenience of reference
purposes only and shall not affect in any way the meaning or interpretation of this Agreement. All words used in
this Agreement will be construed to be of such gender or number as the circumstances require. Any capitalized terms used in
the Saturn Disclosure Letter or the Halley Disclosure Letter but not otherwise defined therein shall have the meanings as
defined in this Agreement. The Saturn Disclosure Letter and the Halley Disclosure Letter are hereby incorporated in and made
a part of this Agreement as if set forth herein. The word &ldquo;including&rdquo; and words of similar import when used in
this Agreement will mean &ldquo;including, without limitation,&rdquo; unless otherwise specified. The words
&ldquo;hereof,&rdquo; &ldquo;herein,&rdquo; &ldquo;hereby,&rdquo; &ldquo;hereunder&rdquo; and &ldquo;herewith&rdquo; and
words of similar import shall refer to this Agreement as a whole and not to any particular provision of this Agreement.
Whenever the context requires the singular number shall include the plural, and vice versa. The word &ldquo;extent&rdquo; in
the phrase &ldquo;to the extent&rdquo; shall mean the degree to which a subject or other thing extends, and such phrase shall
not mean simply &ldquo;if&rdquo;. The word &ldquo;or&rdquo; shall not be exclusive. When used in reference to Saturn or its
Subsidiaries, the term &ldquo;material&rdquo; shall be</FONT></P>

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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt"> measured against Saturn and its Subsidiaries, taken as a whole. When
used in reference to Halley or its Subsidiaries, the term &ldquo;material&rdquo; shall be measured against Halley and its
Subsidiaries, taken as a whole. References to any statute shall be deemed to refer to such statute as amended from time to
time and to any rules or regulations promulgated thereunder (provided, that for purposes of any representations and
warranties contained in this Agreement that are made as of a specific date or dates, references to any statute shall be
deemed to refer to such statute, as amended, and to any rules or regulations promulgated thereunder, in each case, as of such
date). References to any Contract shall be deemed to refer to such Contract as amended from time to time. Whenever the last
day for the exercise of any right or the discharge of any duty under this Agreement falls on other than a Business Day, the
party having such right or duty shall have until the next Business Day to exercise such right or discharge such duty. Unless
otherwise indicated, the word &ldquo;day&rdquo; shall be interpreted as a calendar day. Terms defined in the text of this
Agreement have such meaning throughout this Agreement, unless otherwise indicated in this Agreement, and all terms defined in
this Agreement shall have the meanings when used in any certificate or other document made or delivered pursuant hereto
unless otherwise defined therein.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section
8.6<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Entire Agreement</U>. This Agreement, the Saturn Disclosure Letter, the Halley Disclosure Letter, the Confidentiality
Agreement, each Halley Support Agreement, the Saturn Support Agreement, the Post-Closing Stockholders Agreement and the Post-Closing
Registration Rights Agreement constitute the entire agreement with respect to the subject matter hereof, and supersede all prior
written agreements, arrangements, communications, representations, warranties and understandings and all prior and contemporaneous
oral agreements, arrangements, communications, representations, warranties and understandings among the parties with respect to
the subject matter hereof and thereof.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section
8.7<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>No Third Party Beneficiaries</U>. Nothing in this Agreement, express or implied, is intended to or shall confer upon
any Person other than the parties and their respective successors and permitted assigns any legal or equitable right, benefit
or remedy of any nature under or by reason of this Agreement, except that Saturn D&amp;O Indemnified Parties and the Halley D&amp;O
Indemnified Parties (with respect to <U>Section 5.10</U> from and after the Effective Time) shall be intended third-party beneficiaries
of <U>Section 5.10</U>. The parties hereto further agree that the rights of third party beneficiaries under <U>Section 5.10</U>
shall not arise unless and until the Effective Time occurs.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section
8.8<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</FONT><U>Governing Law</U>. This Agreement and any claim, controversy or dispute arising under or related thereto, the relationship
of the parties hereto, and/or the interpretation and enforcement of the rights and duties of the parties hereto, whether arising
at law or in equity, in contract, tort or otherwise, will be governed by, and construed and interpreted in accordance with, the
laws of the State of Delaware, without regard to its rules regarding conflicts of law to the extent that the application of the
laws of another jurisdiction would be required thereby.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>




<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section
8.9<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;</FONT><U>Submission to Jurisdiction</U>. The parties hereby irrevocably submit to the personal jurisdiction of the Delaware Court
of Chancery or, if such court shall lack subject matter jurisdiction, the United States District Court for the District of Delaware,
solely in respect of the interpretation and enforcement of the provisions of this Agreement. Each of the parties agrees not to
commence any action, suit or proceeding relating hereto except in the courts described above in the State of Delaware, other than
actions in any court of competent jurisdiction to enforce any judgment, decree or award rendered by any such court in Delaware
as described herein. Each of the parties further agrees that notice as provided in <U>Section 8.3</U> shall constitute sufficient
service of process and the parties further waive any argument that such service is insufficient. However, the foregoing shall
not limit the right of a party to effect service of process on the other party by any other legally available method. Each of
the parties hereby irrevocably and unconditionally waives, and agrees not to deny or defeat personal jurisdiction, by way of motion
or as a defense, counterclaim or otherwise, in any action or proceeding arising out of or relating to this Agreement or the transactions
contemplated hereby, including by asserting (a)&nbsp;any claim that it is not</FONT></P>

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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt"> personally subject to the jurisdiction of such courts
in the State of Delaware as described herein for any reason, (b)&nbsp;that it or its property is exempt or immune from jurisdiction
of any such court or from any legal process commenced in such courts (whether through service of notice, attachment prior to judgment,
attachment in aid of execution of judgment, execution of judgment or otherwise) and (c)&nbsp;that (i)&nbsp;the suit, action or
proceeding in any such court is brought in an inconvenient forum, (ii)&nbsp;the venue of such suit, action or proceeding is improper
or (iii)&nbsp;this Agreement, or the subject matter hereof, may not be enforced in or by such courts.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section
8.10<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><U>Assignment;
Successors</U>. Neither this Agreement nor any of the rights, interests or obligations under this Agreement may be assigned or
delegated, in whole or in part, by operation of Law or otherwise, by any party without the prior written consent of the other
parties, and any such assignment without such prior written consent shall be null and void; <U>provided</U>, however that that
Halley may designate, by written notice to Saturn, another wholly-owned direct or indirect Subsidiary that is a Delaware corporation
in lieu of Merger Sub 1, or another wholly-owned direct or indirect Subsidiary that is a Delaware limited liability company in
lieu of Merger Sub 2, in which event all references herein to such Merger Sub shall be deemed references to such other Subsidiary,
except that all representations and warranties made herein with respect to such Merger Sub as of the date of this Agreement shall
be deemed representations and warranties made with respect to such other Subsidiary as of the date of such designation. Subject
to the preceding sentence, this Agreement will be binding upon, inure to the benefit of, and be enforceable by, the parties and
their respective successors and assigns.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section
8.11<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><U>Specific
Performance</U>. Notwithstanding anything herein to the contrary, the parties agree that irreparable damage for which monetary
damages, even if available, would not be an adequate remedy would occur in the event that any provision of this Agreement (including
failing to take such actions as are required of it hereunder to consummate this Agreement) were not performed in accordance with
the terms hereof. Accordingly, the parties acknowledge and agree that each party shall be entitled to an injunction, specific
performance and other equitable relief to prevent breaches of this Agreement and to enforce specifically the terms and provisions
hereof, this being in addition to any other remedy to which such party is entitled at Law or in equity. Each of the parties hereby
further waives (a)&nbsp;any defense in any action for specific performance that a remedy at Law would be adequate or that an award
of specific performance is not an appropriate remedy for any reason at law or in equity and (b)&nbsp;any requirement under any
Law to post any bond or other security as a prerequisite to obtaining equitable relief.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section
8.12<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><U>Currency</U>.
All references to &ldquo;dollars&rdquo; or &ldquo;$&rdquo; in this Agreement refer to United States dollars, which is the currency
used for all purposes in this Agreement.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>




<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section
8.13<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Severability</U>.
If any term or other provision of this Agreement is held by a court of competent jurisdiction or other authority to be invalid,
illegal or incapable of being enforced by any rule of Law, or public policy, all other conditions and provisions of this Agreement
shall nevertheless remain in full force and effect and shall in no way be affected, impaired or invalidated. Upon such determination
that any term or other provision is invalid, illegal or incapable of being enforced, the parties hereto shall negotiate in good
faith to modify this Agreement so as to effect the original intent of the parties as closely as possible in a mutually acceptable
manner in order that the transactions contemplated hereby be consummated as originally contemplated to the fullest extent possible
and the relevant provision may be given effect to the fullest extent consistent with applicable Law.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section
8.14<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><U>&nbsp;&nbsp;&nbsp;Waiver
of Jury Trial</U>. EACH OF THE PARTIES TO THIS AGREEMENT HEREBY IRREVOCABLY WAIVES ALL RIGHT TO A TRIAL BY JURY IN ANY ACTION,
PROCEEDING OR COUNTERCLAIM ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY.</FONT></P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section
8.15<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><U>Counterparts</U>.
This Agreement may be executed in two or more counterparts, all of which shall be considered one and the same instrument and shall
become effective when one or more counterparts have been signed by each of the parties and delivered to the other party.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section
8.16<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;</FONT><U>Facsimile
or PDF Signature</U>. This Agreement may be executed by facsimile signature or by emailed portable document format (.pdf) file
signature and a facsimile or .pdf signature shall constitute an original for all purposes.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section
8.17<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><U>No Presumption
Against Drafting Party</U>. Each of Halley, Merger Sub and Saturn acknowledges that each party to this Agreement has been represented
by counsel in connection with this Agreement and the transactions contemplated by this Agreement. Accordingly, any rule of law
or any legal decision that would require interpretation of any claimed ambiguities in this Agreement against the drafting party
has no application and is expressly waived.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"><I>[The remainder
of this page is intentionally left blank.]</I></FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"><I>&nbsp;</I></FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"><I>&nbsp;</I></FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"><I>&nbsp;</I></FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"><I>&nbsp;</I></FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"><I>&nbsp;</I></FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"><I>&nbsp;</I></FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"><I></I></FONT></P>

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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"><I></I></FONT></P>

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




<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">IN
WITNESS WHEREOF, the parties have caused this Agreement to be executed as of the date first written above by their respective
officers thereunto duly authorized.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3.5in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3.5in"></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3.5in"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 11pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2"><FONT STYLE="font-size: 10pt">HRG GROUP, INC.</FONT></TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="width: 60%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 4%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 36%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/ Ehsan
    Zargar</FONT></TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Name:&nbsp;&nbsp;&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Ehsan Zargar</FONT></TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Title:</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Executive Vice President, General Counsel, Chief Operating Officer and Corporate Secretary</FONT></TD></TR>
</TABLE>

<P STYLE="margin: 0">&nbsp;</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 11pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2"><P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3.5in"></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: left"><FONT STYLE="font-size: 10pt; text-transform: uppercase">HRG
SPV Sub I, INC.</FONT></P>
</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="width: 60%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 4%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 36%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt"></FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">/s/ Ehsan
    Zargar</FONT></TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Name:&nbsp;&nbsp;&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Ehsan Zargar</FONT></TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Title:</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Executive Vice President, General Counsel, Chief Operating Officer and Corporate Secretary</FONT></TD></TR>
</TABLE>
<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0">&nbsp;</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 11pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2"><FONT STYLE="font-size: 10pt">HRG SPV SUB II, LLC</FONT></TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="width: 60%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 4%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 36%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">/s/ Ehsan
    Zargar</FONT></FONT></TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Name:&nbsp;&nbsp;&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Ehsan Zargar</FONT></TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Title:</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Executive Vice President, General Counsel, Chief Operating Officer and Corporate Secretary</FONT></TD></TR>
</TABLE>
<P STYLE="margin: 0">&nbsp;</P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">IN
WITNESS WHEREOF, the parties have caused this Agreement to be executed as of the date first written above by their respective
officers thereunto duly authorized.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 11pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2"><FONT STYLE="font-size: 10pt">SPECTRUM BRANDS HOLDINGS,
INC.</FONT></TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="width: 60%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 4%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 36%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/ Nathan
    E. Fagre</FONT></TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Name:&nbsp;&nbsp;&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Nathan E. Fagre</FONT></TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Title:</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Senior Vice President, General Counsel<BR>
and Secretary</FONT></TD></TR>
</TABLE>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3.5in"><FONT STYLE="font-size: 10pt"></FONT></P>

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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3.5in">

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

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

<P STYLE="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"><U>EXHIBIT
A</U></FONT></P>

<P STYLE="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt">Amended and
Restated Halley Charter</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

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


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

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

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

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

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">HRG GROUP, INC. (the
&ldquo;<U>Corporation</U>&rdquo;), a corporation organized and existing under the Laws of the State of Delaware, DOES HEREBY CERTIFY
AS FOLLOWS:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">ONE: The name of the
Corporation is HRG GROUP, INC. The original Certificate of Incorporation of the Corporation was filed with the Secretary of State
of the State of Delaware on November 3, 2009. A Certificate of Amendment to the Certificate of Incorporation of the Corporation
was filed with the Secretary of State of the State of Delaware on July 13, 2015.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">TWO: This Amended and Restated Certificate
of Incorporation (this &ldquo;<U>Certificate</U>&rdquo;), was duly adopted in accordance with Sections 242 and 245 of the General
Corporation Law of the State of Delaware (as amended from time to time, the &ldquo;DGCL&rdquo;), having been (a) proposed by resolutions
adopted and declared advisable by the board of directors of the Corporation, and (b) approved by the stockholders of the Corporation
in accordance with the applicable provisions of Sections 242 and 245 of the DGCL, and amends and restates the Certificate of Incorporation
of the Corporation (as amended) in its entirety.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">THREE: Pursuant to Section 103(d) of the
DGCL, this Certificate will become effective at [&bull;] Eastern Time on [&bull;], 2018 (the time upon which this Certificate becomes
effective being the &ldquo;<U>Charter Amendment Effective Time</U>&rdquo;).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">FOUR: The Certificate
of Incorporation of the Corporation (as amended) is hereby amended and restated to read as follows:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">1. <U>Name</U>. The
name of the Corporation is Spectrum Brands Holdings, Inc. (the &ldquo;<U>Corporation</U>&rdquo;).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2. <U>Address; Registered
Office and Agent</U>. The address of the Corporation&rsquo;s registered office is 2711 Centerville Road, Suite 400, City of Wilmington,
County of New Castle, State of Delaware 19808; and the name of its registered agent at such address is Corporation Service Company.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">3. <U>Purposes</U>.
The purpose of the Corporation is to engage in any lawful act or activity for which corporations may be organized under the DGCL.
<FONT STYLE="font-size: 8pt">&nbsp;</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">4. <U>Reverse Stock Split; Capital
Stock</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">4.1 Effective immediately
after the Charter Amendment Effective Time (such time immediately after the Charter Amendment Effective Time, the &ldquo;<U>Reverse
Split Effective Time</U>&rdquo;) and without any further action by the holders of such shares, each outstanding share of Common
Stock (as defined below) shall be consolidated into [&bull;]<FONT STYLE="font: 10pt Times New Roman, Times, Serif"><SUP>[1]</SUP></FONT>
of a validly issued, fully paid and non-assessable share of Common Stock (the &ldquo;<U>Reverse Stock Split</U>&rdquo;). The par
value of each share of Common Stock shall not be adjusted in connection with the Reverse Stock Split.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">No fractional shares
of Common Stock shall be issued in the Reverse Stock Split. In the event that, as a result of the Reverse Split, a stockholder
of the Corporation would hold a fractional share of Common Stock (after aggregating all fractional shares that would be held by
such stockholder after giving effect to the Reverse Split), such stockholder&rsquo;s fractional share shall be sold, and the proceeds
therefrom remitted to such stockholder, as follows: As promptly as practicable following the Charter Amendment Effective Time,
the Corporation&rsquo;s existing transfer agent or another transfer agent designated by Corporation (the &ldquo;<U>Transfer Agent</U>&rdquo;)
shall determine the aggregate number of shares of Common Stock stockholders of the Corporation comprising the fractional shares
of Common Stock to be sold pursuant to this sentence (such excess shares being herein referred to as the &ldquo;<U>Excess Shares</U>&rdquo;).
As promptly as practicable following the Charter Amendment Effective Time, the Transfer Agent, as agent for such stockholders (the
&ldquo;<U>Existing Corporation Holders</U>&rdquo;), shall sell the Excess Shares at then-prevailing prices on the NYSE, all in
the manner provided herein. The sale of the Excess Shares by the Transfer Agent shall be executed on the NYSE and shall be executed
in round lots to the extent practicable. Until the net proceeds of any such</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt"><SUP>1
</SUP>NTD: To equal the Halley Share Consolidation Ratio.</P>

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

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    <!-- Field: /Page -->

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt">sale
or sales have been distributed to Existing Corporation Holders, the Transfer Agent shall hold such proceeds in trust for such
Existing Corporation Holders. The net proceeds of any such sale or sales of Excess Shares shall be remitted to Existing Corporation
Holders, reduced by any and all commissions, transfer taxes and other out-of-pocket transaction costs, as well as any expenses,
of the Transfer Agent incurred in connection with such sale or sales. The Transfer Agent shall determine the portion of such net
proceeds to which each Existing Corporation Holder shall be entitled, if any, by multiplying the amount of the aggregate net proceeds
by a fraction, the numerator of which is the amount of the fractional share interest to which such Existing Corporation Holder
is entitled (after taking into account all shares of Common Stock held by such Existing Corporation Holder immediately prior to
the effectuation of the Reverse Split and rounded to the nearest thousandth when expressed in decimal form) and the denominator
of which is the aggregate number of Excess Shares. As soon as practicable after the determination of the amount of cash, if any,
to be remitted to Existing Corporation Holders with respect to any fractional share interests, the Transfer Agent shall promptly
remit such amounts to such holders subject to and in accordance with the foregoing. No dividends or other distributions with respect
to Common Stock shall be payable on or with respect to any such fractional share interest, and such fractional share interests
shall not entitle the owner thereof to vote or to any other rights of a stockholder of the Corporation. From and after the Reverse
Split Time, certificates that represented shares of Common Stock prior to the Reverse Split Time shall, until presented for exchange,
represent only the number of shares of Common Stock into which such shares were combined pursuant to the Reverse Split.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">4.2 From and after the
Charter Amendment Effective Time, the Corporation is authorized to issue two classes of capital stock, designated as Common Stock
and Preferred Stock. The total number of shares of all classes of stock that the Corporation shall have authority to issue is 300,000,000,
consisting of 200,000,000 shares of Common Stock, with a par value of $0.01 per share (the &ldquo;<U>Common Stock</U>&rdquo;),
and 100,000,000 shares of Preferred Stock, with a par value of $0.01 per share (the &ldquo;<U>Preferred Stock</U>&rdquo;). Subject
to the rights of any holders of any series of Preferred Stock, the number of authorized shares of either of the Common Stock or
Preferred Stock may be increased or decreased (but not below the number of shares thereof then outstanding) by the affirmative
vote of the holders of a majority in voting power of the stock of the Corporation entitled to vote thereon irrespective of the
provisions of Section 242(b)(2) of the DGCL (or any successor provision thereto), and no vote of the holders of either of the Common
Stock or Preferred Stock voting separately as a class shall be required therefor.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">4.3 The Preferred Stock
may be issued in one or more series. The Board of Directors of the Corporation (the &ldquo;<U>Board</U>&rdquo;) is hereby authorized
to issue the shares of Preferred Stock in such series, and to fix from time to time before issuance, the number of shares to be
included in any such series and the designation, powers, preferences, rights and qualifications, limitations or restrictions of
such series. The authority of the Board with respect to each such series will include, without limiting the generality of the foregoing,
the determination of any or all of the following:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(a) the number
of shares of any series and the designation to distinguish the shares of such series from the shares of all other series;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(b) the voting
powers, if any, and whether such voting powers are full or limited in such series;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(c) the redemption
provisions, if any, applicable to such series, including the redemption price or prices to be paid;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(d) whether
dividends, if any, will be cumulative or noncumulative, the dividend rate of such series, and the dates and preferences of dividends
on such series;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(e) the rights
of such series upon the voluntary or involuntary liquidation of, or upon any distribution of the assets of, the Corporation;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(f) the provisions,
if any, pursuant to which the shares of such series are convertible into, or exchangeable for, shares of any other class or classes
or of any other series of the same or any other class or classes of stock, or any other security, of the Corporation or any other
corporation or other entity, and the rates or other determinants of conversion or exchange applicable thereto;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(g) the right,
if any, to subscribe for or to purchase any securities of the Corporation or any other corporation or other entity;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(h) the provisions,
if any, of a sinking fund applicable to such series;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(i) any other
powers, preferences or relative, participating, optional or other special rights and qualifications, limitations or restrictions
thereof;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">all as may be determined from time to time
by the Board and stated or expressed in the resolution or resolutions providing for the issuance of such Preferred Stock (collectively,
a &ldquo;<U>Preferred Stock Designation</U>&rdquo;), and as may be permitted by the DGCL.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">4.4 Except as may otherwise
be provided in this Certificate, by applicable Law, or by a Preferred Stock Designation, each holder of Common Stock, as such,
shall have the exclusive right to vote, and shall be entitled to one vote for each share of Common Stock held of record by such
holder, on all matters on which stockholders generally are entitled to vote, including the election of Directors to the Board.
To the fullest extent permitted by Law, holders of Common Stock, as such, shall have no voting power with respect to, and shall
not be entitled to vote on, any amendment to this Certificate (including any Preferred Stock Designation) that relates solely to
the terms of one or more outstanding series of Preferred Stock if the holders of such affected series are entitled, either separately
or together with the holders of one or more other such series, to vote thereon pursuant to this Certificate (including any Preferred
Stock Designation) or pursuant to the DGCL.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">4.5 Subject to applicable
Law and the rights, if any, of the holders of outstanding Preferred Stock set forth in a Preferred Stock Designation, if any, dividends
may be declared and paid on the Common Stock at such times and in such amounts as the Board in its discretion shall determine.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">4.6 Upon the dissolution,
liquidation or winding up of the Corporation, subject to the rights, if any, of the holders of any outstanding series of Preferred
Stock set forth in a Preferred Stock Designation, the holders of the Common Stock shall be entitled to receive the assets of the
Corporation available for distribution to the stockholders ratably in proportion to the number of shares held by them.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">5. <U>Election of Directors;
Vacancies</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">5.1 Subject to any rights
of holders of any series of Preferred Stock, the initial number of Directors shall be eight (8). Thereafter, the number of Directors
shall be determined by the Board. Unless and except to the extent that the Corporation&rsquo;s by-laws (the &ldquo;<U>By-laws</U>&rdquo;)
shall so require, the election of Directors need not be by written ballot.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">5.2 The Board (other
than those Directors elected by the holders of any series of Preferred Stock) shall be divided into three classes, designated as
Class I, Class II and Class III, with the first class initially consisting of two Directors, and each other class initially consisting
of three Directors. The term of office of each class shall be three years and shall expire in successive years at the time of the
annual meeting of stockholders. The Directors first appointed to Class I shall initially hold office for a term expiring at the
first annual meeting of stockholders following the effectiveness of this Section 5.2; the Directors first appointed to Class II
shall initially hold office for a term expiring at the second annual meeting of stockholders following the effectiveness of this
Section 5.2; and the Directors first appointed to Class III shall initially hold office for a term expiring at the third annual
meeting of stockholders following the effectiveness of this Section 5.2. At each annual meeting of stockholders, the successors
to the class of Directors whose term shall then expire shall be elected to hold office for a term expiring at the third succeeding
annual meeting and until their successors are elected and qualified or until their earlier resignation, retirement, removal or
death. Any Director elected to fill a vacancy shall have the same remaining term as that of his predecessor. In case of any increase
or decrease, from time to time, in the number of Directors (other than Directors elected by holders of any series of Preferred
Stock), the number of Directors in each class shall be apportioned as nearly equal as possible. The members of the Board as of
the effective date of this Amended and Restated Certificate of Incorporation are as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" ALIGN="CENTER" STYLE="width: 44%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="border: Black 1pt solid; padding: 2pt; text-align: justify"><B>Name and Class</B></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: justify"><B>Class</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; text-align: justify">Norman S. Matthews</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 2pt; border-right: Black 1pt solid; text-align: justify">I</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; text-align: justify">Joseph S. Steinberg</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 2pt; border-right: Black 1pt solid; text-align: justify">I</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; text-align: justify">Kenneth C. Ambrecht</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 2pt; border-right: Black 1pt solid; text-align: justify">II</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; text-align: justify">Andreas Rouv&eacute;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 2pt; border-right: Black 1pt solid; text-align: justify">II</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; text-align: justify">Hugh R. Rovit</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 2pt; border-right: Black 1pt solid; text-align: justify">II</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; text-align: justify">David M. Maura</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 2pt; border-right: Black 1pt solid; text-align: justify">III</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; text-align: justify">Terry L. Polistina</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 2pt; border-right: Black 1pt solid; text-align: justify">III</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; text-align: justify">Leucadia independent designee</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 2pt; border-right: Black 1pt solid; text-align: justify">III</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">5.3 Directors, unless
employed by and receiving a salary from the Corporation, shall receive such compensation for serving on the Board and for attending
meetings of the Board and any committee thereof as may be fixed by</P>

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

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

<!-- Field: Page; Sequence: 77 -->
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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt">the
Board. Directors shall be reimbursed their reasonable expenses incurred while engaged in the business of the Corporation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">6. <U>Committees of
the Board</U>. <U>General</U>. The Board may designate one or more committees, each committee to consist of one or more of the
Directors with such power and authority as the Board determines.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">7. <U>Limitation of
Liability</U>. To the fullest extent permitted under the DGCL, no Director shall be personally liable to the Corporation or the
stockholders for monetary damages for breach of fiduciary duty as a Director. Notwithstanding anything to the contrary contained
herein, any repeal or amendment of this Article 7 or by changes in Law, or the adoption of any other provision of this Certificate
inconsistent with this Article 7, will, unless otherwise required by Law, be prospective only, and will not in any way diminish
or adversely affect any right or protection of a Director existing at the time of such repeal or amendment or adoption of such
inconsistent provision in respect of any act or omission occurring prior to such repeal or amendment or adoption of such inconsistent
provision.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">8. <U>Indemnification
and Advancement of Expenses</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">8.1 <U>Right to Indemnification</U>.
The Corporation shall indemnify and hold harmless, to the fullest extent permitted by applicable Law as it presently exists or
may hereafter be amended, any person (a &ldquo;<U>Covered Person</U>&rdquo;) who was or is a party or is threatened to be made
a party to any threatened, pending or completed action, suit or proceeding, whether civil, criminal, administrative or investigative
(a &ldquo;<U>Proceeding</U>&rdquo;), by reason of the fact that he or she, or a person for whom he or she is the legal representative,
is or was a Director or officer of the Corporation or, while a Director or officer of the Corporation, is or was serving at the
request of the Corporation as a director, officer, employee or agent of another entity or enterprise, including service with respect
to employee benefit plans, against all liability and loss suffered and expenses (including attorneys&rsquo; fees) reasonably incurred
by such Covered Person. Notwithstanding the preceding sentence, except as otherwise provided in Section 8.3, the Corporation shall
be required to indemnify a Covered Person in connection with a Proceeding (or part thereof) commenced by such Covered Person only
if the commencement of such Proceeding (or part thereof) by the Covered Person was authorized in advance by the Board.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">8.2 <U>Advancement of
Expenses</U>. To the extent not prohibited by applicable Law, the Corporation shall pay the expenses (including attorneys&rsquo;
fees) incurred by a Covered Person in defending any Proceeding in advance of its final disposition; <U>provided</U>, <U>however</U>,
that, to the extent required by applicable Law, such payment of expenses in advance of the final disposition of the Proceeding
shall be made only upon receipt of an undertaking by the Covered Person to repay all amounts advanced if it should be ultimately
determined that the Covered Person is not entitled to be indemnified under this Article 8 or otherwise.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">8.3 <U>Claims</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a) To the extent not
prohibited by applicable Law, if a claim for indemnification or advancement of expenses under this Article 8 is not paid in full
within 30 days after a written claim therefor by the Covered Person has been received by the Corporation, the Covered Person may
file suit to recover the unpaid amount of such claim and, if successful in whole or in part, shall be entitled to be paid the expense
of prosecuting such claim. To the extent not prohibited by applicable Law, in any such action the Corporation shall have the burden
of proving that the Covered Person is not entitled to the requested indemnification or advancement of expenses under applicable
Law.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b) In any suit brought
by a Covered Person seeking to enforce a right to indemnification hereunder (but not a suit brought by a Covered Person seeking
to enforce a right to an advancement of expenses hereunder), it shall be a defense that the Covered Person seeking to enforce a
right to indemnification has not met any applicable standard for indemnification under applicable Law. With respect to any suit
brought by a Covered Person seeking to enforce a right to indemnification or right to advancement of expenses hereunder or any
suit brought by the Corporation to recover an advancement of expenses (whether pursuant to the terms of an undertaking or otherwise),
neither (i) the failure of the Corporation to have made a determination prior to commencement of such suit that indemnification
of such Covered Person is proper in the circumstances because such Covered Person has met the applicable standards of conduct under
applicable Law, nor (ii) an actual determination by the Corporation that such Covered Person has not met such applicable standards
of conduct, shall create a presumption that such Covered Person has not met the applicable standards of conduct or, in a case brought
by such Covered Person seeking to enforce a right to indemnification, be a defense to such suit.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(c) In any suit brought
by a Covered Person seeking to enforce a right to indemnification or to an advancement of expenses hereunder, or by the Corporation
to recover an advancement of expenses (whether pursuant to the terms of an undertaking or otherwise), the burden shall be on the
Corporation to prove that the Covered Person seeking to enforce a right to indemnification or to an advancement of expenses or
the Covered Person from whom the Corporation seeks to</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt">recover
an advancement of expenses is not entitled to be indemnified, or to such an advancement of expenses, under this Article 8 or otherwise.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">8.4 <U>Nonexclusivity
of Rights</U>. The rights conferred on any Covered Person by this Article 8 shall not be exclusive of any other rights that such
Covered Person may have or hereafter acquire under any statute, provision of this Certificate or the By-laws, agreement, vote of
stockholders or Directors or otherwise.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">8.5 <U>Other Sources</U>.
The Corporation&rsquo;s obligation, if any, to indemnify or to advance expenses to any Covered Person who was or is serving at
its request as a director, officer, employee or agent of another entity or enterprise shall be reduced by any amount such Covered
Person actually collects as indemnification or advancement of expenses from such other entity or enterprise; <U>provided</U>, <U>however</U>,
that no Covered Person shall be required to seek recovery from any other entity or enterprise.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">8.6 <U>Amendment or Repeal</U>.
Notwithstanding anything to the contrary contained herein, any repeal or amendment of this Article 8 by changes in Law (or otherwise),
or the adoption of any other provision of this Certificate inconsistent with this Article 8, will, unless otherwise required by
Law, be prospective only (except to the extent such amendment or change in Law permits the Corporation to provide broader rights
on a retroactive basis than permitted prior thereto), and will not in any way diminish or adversely affect any right or protection
of a Covered Person existing at the time of such repeal or amendment or adoption of such inconsistent provision in respect of any
act or omission occurring prior to such repeal or amendment or adoption of such inconsistent provision, regardless of when the
applicable action, suit or proceeding in respect of which such right or protection is sought is commenced and regardless of when
such right or protection is sought.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">8.7 <U>Other Indemnification
and Prepayment of Expenses</U>. This Article 8 shall not limit the right of the Corporation, to the extent and in the manner permitted
by applicable Law, to indemnify and to advance expenses to persons other than Covered Persons when and as authorized by appropriate
corporate action.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">9. <U>Section 203</U>.
The Corporation shall be governed by Section 203 of the DGCL.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">10. <U>Adoption, Amendment
or Repeal of By-Laws</U>. The Board is authorized to adopt, amend or repeal the By-laws.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">11. <U>Conflicts of
Interest</U>. The stockholders, their Affiliates and the Directors elected or appointed to the Board by the stockholders: (a) may
have participated, directly or indirectly, and may continue to participate (including, without limitation, in the capacity of investor,
manager, officer and employee) in businesses that are similar to or compete with the business (or proposed business) of the Corporation;
(b) may have interests in, participate with, aid and maintain seats on the board of directors of other such entities; and (c) may
develop opportunities for such entities (collectively, the &ldquo;<U>Position</U>&rdquo;). In such Position, the stockholders,
their Affiliates and the Directors elected or appointed to the Board by the stockholders may encounter business opportunities that
the Corporation or the stockholders may desire to pursue. The stockholders, their Affiliates and the Directors elected or appointed
by the stockholders to the Board shall have no obligation to the Corporation, the stockholders or to any other Person to present
any such business opportunity to the Corporation before presenting and/or developing such opportunity with any other Persons, other
than such opportunities specifically presented to any such stockholder or Director for the Corporation&rsquo;s benefit in his or
her capacity as a stockholder or Director. In any such case, to the extent a court might hold that the conduct of such activity
is a breach of a duty to the Corporation, the Corporation hereby waives any and all claims and causes of action that the Corporation
believes that it may have for such activities and hereby renounces any expectancy in any such corporate opportunity.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">12. <U>Amendments</U>.
Subject to Article 7 and Section 8.6, the Corporation reserves the right at any time, and from time to time, to amend or repeal
any provision contained in this Certificate, and add other provisions authorized by the Laws of the State of Delaware at the time
in force, in the manner now or hereafter prescribed by applicable Law; and all rights, preferences and privileges of whatsoever
nature conferred upon stockholders, Directors or any other Persons whomsoever by and pursuant to this Certificate, as amended,
are granted subject to the rights reserved in this Article 12; <U>provided</U>, <U>however</U>, that no action to repeal or amend
Section 5.2 or this Article 12 of this Certificate (or any definition contained in Article 14 that is used in any such Section
or Article), or the adoption of any other provision inconsistent with such Articles shall be effective without the affirmative
vote of the holders of at least 66-2/3% of the shares of the Corporation&rsquo;s Capital Stock then outstanding and entitled to
vote in the election of directors, voting together as a single class; <U>provided</U>, <U>further</U>, that, to the extent such
Sections are or remain applicable to holders of CFT Shares or have not otherwise expired by their terms, no action to repeal or
amend Sections 13.4(a), (b) or (c) or this proviso (or any definition contained in Section 13.4(g) or Article 14 that is used in
any such Sections), or the adoption of any other provision inconsistent with such Sections or this proviso, in each case, that
would adversely affect the rights of holders of the CFT Shares in any non-de minimis respect, shall be effective without the affirmative
vote of the holders of more than 50% of the CFT Shares then outstanding; and <U>provided</U>, <U>further</U>, that, to the extent
such Sections are or</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt">remain
applicable to holders of Leucadia Shares or have not otherwise expired by their terms, no action to repeal or amend Sections 13.4(d),
(e) or (f) or this proviso (or any definition contained in Section 13.4(g) or Article 14 that is used in any such Sections), or
the adoption of any other provision inconsistent with such Sections or this proviso, in each case, that would adversely affect
the rights of holders of the Leucadia Shares in any non-de minimis respect, shall be effective without the affirmative vote of
the holders of more than 50% of the Leucadia Shares then outstanding.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">13. <U>Restrictions
on Transfer and Ownership</U><SUP>,</SUP></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#9;13.1 &nbsp;<U>Purpose</U>.
It is in the best interests of the Corporation and its stockholders that certain restrictions on the Transfer of Corporation Securities
(each defined below) be established, as more fully set forth in this Article 13, as any such Transfer may threaten the preservation
of certain tax attributes.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">13. 2 <U>Definitions</U>.
As used in this Article 13 only, the following capitalized terms shall have the following respective meanings (and any references
to any portions of Treasury Regulation Section 1.382-2T shall include any amendment thereto and any successor provisions):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 21.95pt 0pt 0.5in; text-indent: 1in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<U>Acquire</U>&rdquo; means the acquisition, directly or indirectly, of ownership of Corporation Securities by any
means, including, without limitation: (i) the acquisition or exercise of any rights under any option, warrant, convertible security,
pledge or other security interest or similar right to acquire Corporation Securities (including an option within the meaning of
Treasury Regulation Sections 1.382-2T(h)(4)(v) and 1.382-4(d)(9))&#894; (ii) the entering into of any swap, hedge or other arrangement
that results in the acquisition of any of the economic benefits of ownership of Corporation Securities&#894; or (iii) any other
acquisition or transaction treated under Section 382 of the Code as a direct or indirect acquisition (including the direct or indirect
acquisition of an ownership interest in a Substantial Holder) of ownership of such Corporation Securities, in each case which shall
include acquisitions by operation of law or pursuant to the Merger. The terms &ldquo;Acquires&rdquo; and &ldquo;Acquisition&rdquo;
shall have the same meaning, <I>mutatis mutandis</I>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 21.95pt 0pt 0.5in; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 21.95pt 0pt 0.5in; text-indent: 1in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<U>Code</U>&rdquo; means the Internal Revenue Code of 1986, as amended from time to time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 21.95pt 0pt 0.5in; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 21.95pt 0pt 0.5in; text-indent: 1in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<U>Corporation Securities</U>&rdquo; means: (i) shares of Common Stock&#894; (ii) any other interests that would
be treated as &ldquo;stock&rdquo; of the Corporation for purposes of Section 382 of the Code, including pursuant to Treasury Regulation
Section 1.382-2T(f)(18)&#894; and (iii) warrants, rights or options (including within the meaning of Treasury Regulation Sections
1.382-2T(h)(4)(v) and 1.382-4(d)(9)) to acquire Corporation Securities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 21.95pt 0pt 0.5in; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 21.95pt 0pt 0.5in; text-indent: 1in">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<U>Disposition</U>&rdquo; means, with respect to any Person other than the Corporation, the sale, transfer, exchange,
assignment, liquidation, conveyance, pledge, abandonment, distribution, contribution, or other disposition or transaction treated
under Section 382 of the Code as a direct or indirect disposition or transfer (including the disposition of an ownership interest
in a Substantial Holder). A &ldquo;Disposition&rdquo; also shall include the creation or grant of an option (including an option
within the meaning of Treasury Regulation Sections 1.382-2T(h)(4)(v) and 1.382-4(d)(9)).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 21.95pt 0pt 0.5in; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 21.95pt 0pt 0.5in; text-indent: 1in">(e)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<U>Merger</U>&rdquo; shall have the meaning ascribed to such term in the Merger Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 21.95pt 0pt 0.5in; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 21.95pt 0pt 0.5in; text-indent: 1in">(f)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<U>Merger Agreement</U>&rdquo; means that certain Agreement and Plan of Merger entered into among the Corporation,
Spectrum Brands Holdings, Inc. (&ldquo;<U>Spectrum</U>&rdquo;), HRG SPV Sub I, Inc. and HRG SPV Sub II, LLC</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 21.95pt 0pt 0.5in; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 21.95pt 0pt 0.5in; text-indent: 1in">(g)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<U>Percentage Stock Ownership</U>&rdquo; means percentage (i) stock ownership as determined for purposes of Section
382 of the Code in accordance with applicable Treasury Regulations and other official guidance, including Treasury Regulation Section
1.382- 2T(g), (h) (but without regard to the rule in Treasury Regulation Section 1.382-2T(h)(2)(i)(A) that treats stock of an entity
as to which the constructive ownership rules apply as no longer owned by that entity), (j) and (k) and (ii) stock Beneficial Ownership.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 21.95pt 0pt 0.5in; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 21.95pt 0pt 0.5in; text-indent: 1in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 21.95pt 0pt 0.5in; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 21.95pt 0pt 0.5in; text-indent: 1in">(h)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<U>Person</U>&rdquo; means an individual, corporation, estate, trust, association, limited liability company, partnership,
joint venture or similar organization or &ldquo;entity&rdquo; within the meaning of Treasury Regulation Section 1.382-3 (including,
without limitation, any group of Persons treated as a single entity under such regulation)&#894; provided, however, that a Person
shall not mean a Public Group.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 21.95pt 0pt 0.5in; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 21.95pt 0pt 0.5in; text-indent: 1in">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<U>Public Group</U>&rdquo; has the meaning set forth in Treasury Regulation Section 1.382-2T(f)(13).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 21.95pt 0pt 0.5in; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 21.95pt 0pt 0.5in; text-indent: 1in">(j)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<U>Substantial Holder</U>&rdquo; means (a) a Person (including, without limitation, any group of Persons treated
as a single &ldquo;entity&rdquo; within the meaning of Treasury Regulation Section 1.382-3) that: (i) holds, owns or has any right
in Corporation Securities representing a Percentage Stock Ownership in the Corporation of at least 4.9%&#894; or (ii) that is identified
as a &ldquo;5-percent shareholder&rdquo; of the Corporation pursuant to Treasury Regulation Section 1.382-2T(g)(1) and (b) a Public
Group.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 21.95pt 0pt 0.5in; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 21.95pt 0pt 0.5in; text-indent: 1in">(k)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<U>Tax Benefits</U>&rdquo; means the net operating loss carryovers, capital loss carryovers, general business credit
carryovers, alternative minimum tax credit carryovers and foreign tax credit carryovers, as well as any &ldquo;net unrealized built-in
loss&rdquo; within the meaning of Section 382 of the Code, of the Corporation or any direct or indirect subsidiary thereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 21.95pt 0pt 0.5in; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 21.95pt 0pt 0.5in; text-indent: 1in">(l)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<U>Transfer</U>&rdquo; means any direct or indirect Acquisition or Disposition of Corporation Securities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 21.95pt 0pt 0.5in; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 21.95pt 0pt 0.5in; text-indent: 1in">(m)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<U>Treasury Regulation</U>&rdquo; means any Treasury regulation, in effect from time to time, promulgated under the
Code.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 21.95pt 0pt 0.5in; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: 0in">13.3 <U>Transfer Limitations</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 6.45pt 0pt 0.5in; text-indent: 75.5pt">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Except as otherwise provided in Section 13.4, no Person shall be permitted to make a Transfer, whether in a single transaction
(with any transactions occurring on the same day being treated as a single transaction) or series of related transactions, and
any such purported Transfer will be void ab initio, (A) to the extent that after giving effect to such purported Transfer: (i)
the purported transferee or any other Person by reason of the purported transferee&rsquo;s Acquisition would become a Substantial
Holder&#894; or (ii) the Percentage Stock Ownership of a Person that, prior to giving effect to the purported Transfer (or any
series of Transfers of which such Transfer is a part), is a Substantial Holder would be increased, or (B) if before giving effect
to such purported Transfer the purported transferor is a Substantial Holder described in clause (a)(ii) of the definition of &ldquo;Substantial
Holder&rdquo; (any such purported Transfer described in clause (A) or (B), a &ldquo;Prohibited Transfer&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 6.45pt 0pt 0.5in; text-indent: 75.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 6.45pt 0pt 0.5in; text-indent: 75.5pt">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The restrictions set forth in Section 13.3(a) shall not apply to a proposed Transfer, and a Transfer shall not be treated
as a Prohibited Transfer hereunder, if the transferor or the transferee obtains approval of the proposed Transfer by the Board
(at a meeting of the Board or by written consent of the Board). As a condition to granting its approval pursuant to this Section
13.3(b), the Board may, in its sole discretion, require and/or obtain (at the expense of the transferor and/or transferee) such
documentation, information and action, if any, as it determines, including, without limitation, representations and warranties
from the transferor and/or transferee, such opinions of counsel to be rendered by counsel selected by (or acceptable to) the Board,
and such other advice, in each case as to such matters as the Board determines in its sole discretion is appropriate. Any such
approval, once granted, shall be irrevocable, provided that such information, documentation and representations and warranties
upon which such approval was based remain true, accurate and complete prior to the applicable Transfer.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 6.45pt 0pt 0.5in; text-indent: 75.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 6.45pt 0pt 0.5in; text-indent: 75.5pt"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 6.45pt 0pt 0.5in; text-indent: 75.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 6.45pt 0pt 0.5in; text-indent: 75.5pt">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The restrictions set forth in Section 13.3(a) shall not preclude the settlement of any transaction entered into through
the facilities of the New York Stock Exchange, Inc. (or any other national securities exchange or other exchange on which the Corporation
Securities are then traded) in the Corporation Securities, it being understood, however, that any such settlement shall not negate
or otherwise affect the treatment of a Transfer as a Prohibited Transfer hereunder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 6.45pt 0pt 0.5in; text-indent: 75.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 6.45pt 0pt 0.5in; text-indent: 75.5pt">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The restrictions set forth in Section 13.3(a) shall not apply to a proposed Transfer, and a Transfer shall not be treated
as a Prohibited Transfer hereunder, if, at the time the proposed Transfer is effected, the Board has reasonably determined, and
publicly announced, that no Tax Benefits of the Corporation may be carried forward.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 6.45pt 0pt 0.5in; text-indent: 75.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 76.5pt">13.4 <U>Excepted Transfers. </U>Notwithstanding anything
to the contrary in the other sections of this Article 13:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 76.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 40.3pt; text-indent: 1in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)
CF Turul LLC (&ldquo;<U>CF Turul</U>&rdquo;), an affiliate of Fortress Investment Group LLC, an entity treated for U.S. tax purposes
as a &quot;partnership&quot; and currently the holder of [32,994,740 shares]<FONT STYLE="font: 10pt Times New Roman, Times, Serif"><SUP>[2]</SUP></FONT>
of Common Stock (the &ldquo;<U>CFT Shares</U>&rdquo;), and (ii) its direct and indirect members, may make one or more distributions
of the CFT Shares or membership interests in CF Turul (other than CFT Shares permitted to be Transferred pursuant to the other
CF Turul Exceptions) (such distributions described in this Section 13.4(a), the &ldquo;CFT <U>Distributions</U>,&rdquo; and such
distributed CFT Shares or membership interests in CF Turul, the &quot;<U>CFT Distributed Property</U>&quot;) to the direct and
indirect members of CF Turul which are investment funds and accounts (including their subsidiaries) managed by Fortress Investment
Group LLC and/or its investment advisory affiliates (each such Fortress-managed fund and account, a &ldquo;<U>Fortress Fund</U>&rdquo;),
and by such Fortress Funds to the ultimate owners that are (x) general partners of such Fortress Funds, and (y) direct investors
in such Fortress Funds that are not entities sponsored by Fortress Investment Group LLC (or the nominees, custodians, or trustees
of such direct investors, including any liquidating trust or similar vehicle created to hold CFT Distributed Property on behalf
of direct investors who are precluded from receiving or holding such CFT Distributed Property due to applicable law, regulation,
standing internal policy or other, similar constraints) (all such general partners of and direct investors in such Fortress Funds,
the &quot;<U>Ultimate Owners</U>&quot;); <U>provided</U>, <U>however</U>, that (A) any such CFT Distributions may be made only
on a substantially pro rata basis from CF Turul to its direct and indirect members in their capacity as members, partners, owners,
or shareholders, successively, to the Ultimate Owners; (B) such Fortress Funds may directly or indirectly hold, rather than distribute,
CFT Shares or membership interests in CF Turul (that otherwise would be distributable to Ultimate Owners hereunder) on behalf of
such Ultimate Owners who do not receive such Distribution, provided that such Fortress Funds that hold such CFT Shares shall not
make a Disposition of such CFT Shares or membership interests in CF Turul prior to the Expiration Date (as defined below), other
than to distribute such CFT Shares to the Ultimate Owners; (C) prior to the Expiration Date, no CFT Distributions may be made if
making the CFT Distributions (together with any Dispositions by Ultimate Owners undertaken as part of a plan in connection with
such CFT Distribution) (1) would result in the identification of a new Substantial Holder or Public Group or (2) when combined
with any prior CFT Distributions and any prior Transfers made pursuant to the CF Turul Exceptions, cause an increase (calculated
as of the testing date that would occur as a result of such Distribution) of more than the CFT Cushion Amount in the Percentage
Stock Ownership of any existing or new Substantial Holders or Public Groups; (D) except as provided in (B), any Ultimate Owners
may make a Disposition of the CFT Shares constituting CFT Distributed Property at one or more times without limitation, provided
that the Dispositions are (1) made on a national securities exchange or other exchange on which Corporate Securities are then traded
or (2) otherwise in compliance with Section 13.3 above; and (E) prior to the Expiration Date, each CFT Distribution (together with
any such related Dispositions) shall be subject to the approval of the Board (at a meeting of the Board or by written consent of
the Board), which approval shall not be unreasonably withheld or conditioned, that the conditions and requirements for making a
CFT Distribution as set forth in this Section 13.4(a) have been satisfied; <U>provided</U>, <U>that</U> (x) as a condition to granting
such approval, CF Turul shall submit to the Board a plan for effectuating the proposed CF Turul Distribution and shall provide
the Board with such other factual information, and representations with respect to such factual information, as are reasonably
requested by the Board in connection with its review of such plan, (y) CF Turul and the Board shall cooperate in good faith to</P>

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><SUP>2
</SUP></FONT>NTD: To be revised to reflect HRG reverse stock split.</P>


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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 42pt; text-indent: 0pt">determine
whether such proposed CF Turul Distribution (together with any such related Dispositions) satisfies the requirements of Section
13.4(a)(C), and (z) the Board shall promptly review (or cause to be reviewed) such plan and use commercially reasonable efforts
to grant its approval of such plan within thirty (30) calendar days of the receipt of such plan (the exceptions set forth in this
Section 13.4(a) to generally applicable limitations on Transfer, the &ldquo;<U>CF Turul Distribution Exceptions</U>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 40.3pt; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 40.5pt; text-indent: 76.5pt">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Following
the earlier of (x) the date immediately following the first date on which a Specified Closing occurs and (y) January 1, 2019, CF
Turul may make a Transfer (which, for the avoidance of doubt, includes both Acquisitions and Dispositions) of Corporation Securities
at one or more times, without limitation; <U>provided</U> that (i) prior to making any such Transfer occurring before the Expiration
Date, CF Turul demonstrates to the Board&rsquo;s reasonable satisfaction that, calculated as of the testing date that would occur
as a result of such Transfer, the aggregate increase in the Percentage Stock Ownership of any existing or new Substantial Holder
or Public Group resulting from (x) all such Transfers and (y) all CFT Distributions and Transfers made pursuant to the CF Turul
Exceptions, in each of cases (x) and (y), prior to the Expiration Date will not exceed the CFT Cushion Amount and (ii) for the
avoidance of doubt, neither the limitations provided in this <U>Section 13.4</U> nor the limitations provided in <U>Section 13.3</U>
hereof shall apply to any Transfer by CF Turul that occurs on or after the Expiration Date (the exceptions set forth in this Section
13.4(b) to generally applicable limitations on Transfer, the &ldquo;<U>CF Turul Other Transfer Exceptions</U>&rdquo;). CF Turul
shall promptly notify the Company of any Transfers made pursuant to this <U>Section 13.4(b)</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 40.5pt; text-indent: 76.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 45pt; text-indent: 67.5pt">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
CF Turul and the Fortress Funds may (i) sell the aggregate of the fractional CFT Shares (not to exceed 2000 CFT Shares) that would
result if CF Turul or the Fortress Funds, as applicable, were to make a pro rata CFT Distribution of all of their CFT Shares to
the Ultimate Owners pursuant to <U>Section 13.4(a)</U>, and (ii) make one or more distributions of the cash proceeds of such sales
(the exceptions set forth in this Section 13.4(c) to generally applicable limitations on Transfer, the &ldquo;<U>CF Turul Fractional
Share Exceptions</U>&rdquo; and, collectively with the CF Turul Distribution Exceptions and the CF Turul Other Transfer Exceptions,
the &ldquo;<U>CF Turul Exceptions</U>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 45pt; text-indent: 67.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 49.5pt; text-indent: 63pt">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Leucadia
National Corporation and its wholly owned subsidiaries (collectively, &ldquo;<U>Leucadia</U>&rdquo;), currently the holders of
[46,632,180 shares]<FONT STYLE="font: 10pt Times New Roman, Times, Serif"><SUP>[3]</SUP></FONT> of Common Stock
(the &ldquo;<U>Leucadia Shares</U>&rdquo;), may make one or more distributions of all of the Leucadia Shares (other than Leucadia
Shares permitted to be sold pursuant to the other Leucadia Exceptions) (such distributions pursuant to this Section 13.4(d), the
&ldquo;<U>Leucadia Distributions</U>,&rdquo; and such distributed Leucadia Shares, the &quot;<U>Leucadia Distributed Property</U>&quot;)
to the shareholders of Leucadia (or the nominees, custodians, or trustees of such shareholders, including any liquidating trust
or similar vehicle created to hold Leucadia Distributed Property on behalf of any such shareholders who are precluded from receiving
or holding such Leucadia Distributed Property due to applicable law, regulation, standing internal policy or other, similar constraints)
(all such shareholders, as of the time of any such Leucadia Distribution, the &quot;<U>Leucadia Shareholders</U>&quot;); <U>provided,
however</U>, that (i) any such Leucadia Distribution may be made only on a pro rata basis from Leucadia to the Leucadia Shareholders;
(ii) prior to the Expiration Date, no such Leucadia Distribution may be made if making the Leucadia Distribution (together with
any Dispositions by Ultimate Owners undertaken as part of a plan in connection with such Leucadia Distribution) (1) would result
in the identification of a new Substantial Holder or Public Group or (2) when combined with any prior Leucadia Distributions and
any prior Transfers made pursuant to the Leucadia Exceptions, cause an increase (calculated as of the testing date that would occur
as a result of such Distribution) of more than the Leucadia Cushion Amount in the Percentage Stock Ownership of any existing or
new Substantial Holders or Public Groups; (iii) any Leucadia Shareholders may make a Disposition of the Leucadia Shares constituting
Leucadia Distributed Property at one or more times without limitation, provided that the Dispositions are (1) made on a national
securities exchange or other exchange on which Corporate Securities are then traded or (2) otherwise in compliance with Section
13.3 above and (iv) prior to the Expiration Date, each Leucadia Distribution (together with any such related Dispositions) shall
be subject to the approval of the Board (at a meeting of the Board or by written consent of the Board), which approval shall not
be unreasonably withheld, conditioned or delayed, that the conditions and requirements for making a Leucadia Distribution as set
forth in this <U>Section 13.4(d)</U> have been satisfied; <U>provided</U>, <U>that</U> (A) as a condition to granting such approval,
Leucadia shall submit to the Board a plan for effectuating the proposed Leucadia Distribution and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 49.5pt; text-indent: 63pt">&nbsp;</P>

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><SUP>3</SUP></FONT>
NTD: To be revised to reflect HRG reverse stock split.</P>

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 54pt; text-indent: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 54pt; text-indent: 0pt">shall
provide the Board with such other factual information, and representations with respect to such factual information, as are reasonably
requested by the Board in connection with its review of such plan, (B) Leucadia and the Board shall cooperate in good faith to
determine whether such proposed Leucadia Distribution (together with any such related Dispositions) satisfies the requirements
of Section 13.4(d)(ii), and (C) the Board shall promptly review (or cause to be reviewed) such plan (the exceptions set forth
in this Section 13.4(d) to generally applicable limitations on Transfer, the &ldquo;<U>Leucadia Distribution Exceptions</U>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 49.5pt; text-indent: 63pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 49.5pt; text-indent: 63pt">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Following
the earlier of (x) the date immediately following the first date on which a Specified Closing occurs and (y) January 1, 2019, Leucadia
may Transfer (which, for the avoidance of doubt, includes both Acquisitions and Dispositions) Leucadia Shares at one or more times,
without limitation; <U>provided</U> that (i) prior to making any such Transfer occurring before the Expiration Date, Leucadia demonstrates
to the Board&rsquo;s reasonable satisfaction that, calculated as of the testing date that would occur as a result of such Transfer,
the aggregate increase in the Percentage Stock Ownership of any existing or new Substantial Holder or Public Group resulting from
(x) all such Transfers and (y) all Leucadia Distributions and Transfers made pursuant to the Leucadia Exceptions, in each of cases
(x) and (y), prior to the Expiration Date will not exceed the Leucadia Cushion Amount and (ii) for the avoidance of doubt, neither
the limitations provided in this <U>Section 13.4</U> nor the limitations provided in <U>Section 13.3</U> hereof shall apply to
any Transfer by Leucadia that occurs on or after the Expiration Date (the exceptions set forth in this Section 13.4(e) to generally
applicable limitations on Transfer, the &ldquo;<U>Leucadia Other Transfer Exceptions</U>&rdquo;). Leucadia shall promptly notify
the Company of any Transfers made pursuant to this <U>Section 13.4(e)</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 49.5pt; text-indent: 63pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 49.5pt; text-indent: 63pt">(f) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Leucadia
may (i) sell the aggregate of the fractional Leucadia Shares (not to exceed 2000 Leucadia Shares) that would result if Leucadia
were to make a pro rata Leucadia Distribution of all of its Leucadia Shares to the Leucadia Shareholders, and (ii) make one or
more distributions of the cash proceeds of such sales (the exceptions set forth in this Section 13.4(f) to generally applicable
limitations on Transfer, the &ldquo;<U>Leucadia Fractional Share Exceptions</U>&rdquo; and, collectively with the Leucadia Distribution
Exceptions and the Leucadia Other Transfer Exceptions, the &ldquo;<U>Leucadia Exceptions</U>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 49.5pt; text-indent: 63pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 49.5pt; text-indent: 63pt">(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For
purposes of this Section 13.4:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 14.05pt; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 1.5in">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>&ldquo;CFT Cushion Amount</U>&rdquo; means the product of (A) the Cushion Amount, multiplied by (B) the quotient of (i)
the CFT Shares divided by (ii) the sum of the Leucadia Shares and the CFT Shares.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 1.5in">(ii)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<U>Cushion Amount</U>&rdquo; means the excess, if any, of (i) 47.5% over (ii) the sum, determined as of the effective
date of the Merger, of the increases (if any) in Percentage Stock Ownership of each Substantial Holder described in clause (ii)
of the definition thereof and of each Public Group, as of such date, over the three-year period ending on the effective date of
the Merger (for the avoidance of doubt, with such increase measured in each case against such Substantial Holder&rsquo;s and Public
Group&rsquo;s lowest Percentage Stock Ownership during such period).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 1.5in">(iii)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<U>Expiration Date</U>&rdquo; means the earliest to occur of (A) the date that the limitations on Transfer imposed
by this Article 13 no longer apply to Corporation Securities; (B) the date as of which the Board has determined and publicly announced
that no Tax Benefits of the Corporation may be carried forward; (C) the date immediately following the first date on which a Specified
Closing occurs and (D) the date that is twenty-four (24) months after the closing of the Merger.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 1.5in">(iv)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<U>Leucadia Cushion Amount</U>&rdquo; means the product of (A) the Cushion Amount, multiplied by (B) the quotient
of (i) the Leucadia Shares divided by (ii) the sum of the Leucadia Shares and the CFT Shares.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 1.5in">(v)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<U>Specified Closing</U>&rdquo; means the closing, after the Merger, of any divestiture of all or a majority of the
either of (x) the business and operations of the consumer batteries product category of the Global Batteries and Appliances segment
of Spectrum or (y) the business and operations of the (1) small appliances category and (2) the personal care product category
of the Global Batteries and Appliances segment of Spectrum, in each of cases (x) and (y), as described in Spectrum&rsquo;s Form
10-K for the fiscal year ended September 30, 2017.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 1.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 1.5in">(vi)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT> the definition of &quot;<U>Percentage Stock Ownership</U>&quot; shall be the same as that contained in clause (i) of Section
13.2(g), but the rule in Treasury Section 1.382-2T(h)(2)(i)(A) that treats stock of an entity as to which the constructive ownership
rules apply as no longer owned by that entity shall instead apply.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: 0in">13.5 <U>Treatment of Excess Securities</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 9.65pt 0pt 0.5in; text-indent: 76.5pt">(a)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 9.65pt 0pt 0.5in; text-indent: 76.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 1.5in">&#9;(i) No employee or agent
of the Corporation shall record any Prohibited Transfer, and the purported transferee of a Prohibited Transfer (the &ldquo;<U>Purported
Transferee</U>&rdquo;) shall not be recognized as a stockholder of the Corporation for any purpose whatsoever in respect of the
Corporation Securities that are the subject of the Prohibited Transfer (the &ldquo;<U>Excess Securities</U>&rdquo;). The Purported
Transferee shall not be entitled with respect to such Excess Securities to any rights of stockholders of the Corporation, including,
without limitation, the right to vote such Excess Securities, to receive dividends or distributions, whether liquidating or otherwise,
in respect thereof and to effect any Transfer thereof. Once the Excess Securities have been acquired in a Transfer that is in accordance
with this Section 13.5 and is not a Prohibited Transfer, such Corporation Securities shall cease to be Excess Securities. For this
purpose, any Transfer of Excess Securities not in accordance with the provisions of this Section 13.5 shall also be a Prohibited
Transfer.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 9.65pt 0pt 0.5in; text-indent: 76.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 1.5in">&#9;(ii) The Corporation
may require, including, but not limited to, as a condition to the registration of the Transfer of any Corporation Securities or
the payment of any dividend or distribution on any Corporation Securities, that the proposed transferee or payee furnish to the
Corporation all information reasonably requested by the Corporation with respect to all the direct or indirect ownership interests
in such Corporation Securities. The Corporation may make such arrangements or issue such instructions to its stock transfer agent
as may be determined by the Board to be necessary or advisable to implement this Section 13.5, including, without limitation, authorizing
such transfer agent to require an affidavit from a proposed transferee or payee regarding such Person&rsquo;s actual and constructive
ownership of stock and other evidence that a Transfer will not be prohibited by this Article 13 as a condition to registering any
Transfer or paying any dividend or distribution.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 9.65pt 0pt 0.5in; text-indent: 76.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 9.65pt 0pt 0.5in; text-indent: 76.5pt">(b)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 9.65pt 0pt 0.5in; text-indent: 76.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 1.5in">&#9;(i) If a Prohibited
Transfer has occurred: (1) the Prohibited Transfer and, if applicable, the registration of such Prohibited Transfer, shall be void
<I>ab initio </I>and have no legal effect&#894; and (2) upon written demand by the Corporation, the Purported Transferee (if identified
by the Corporation or otherwise) shall transfer or cause to be transferred any certificate or other evidence of ownership of the
Excess Securities within the Purported Transferee&rsquo;s possession or control, together with any dividends or other distributions
that were received by the Purported Transferee from the Corporation with respect to the Excess Securities (the &ldquo;<U>Prohibited
Distributions</U>&rdquo;), to an agent designated and controlled by the Board (the &ldquo;<U>Agent</U>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 9.65pt 0pt 0.5in; text-indent: 76.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 1.5in">&#9;(ii) In the case of
a Prohibited Transfer described in Section 13.3(a)(A) (other than as a result of the consummation of the Merger), the Agent shall
thereupon sell to a buyer or buyers the Excess Securities transferred to it pursuant to this Section 13.5(b) in one or more arm&rsquo;s-length
transactions (including over a national securities exchange on which the Corporation Securities may be traded, if possible)&#894;
provided, however, that the Agent, in its sole discretion, shall effect such sale or sales in an orderly fashion and shall not
be required to effect any such sale within any specific time frame if, in the Agent&rsquo;s discretion, such sale or sales would
disrupt the market for the Corporation Securities or otherwise would adversely affect the value of the Corporation Securities&#894;
provided further that any such sale must not constitute a Prohibited Transfer. If the Purported Transferee has resold the Excess
Securities before receiving the Corporation&rsquo;s demand to surrender the Excess Securities to the Agent, the Purported Transferee
shall be deemed to have sold the Excess Securities for the Agent, and shall be required to transfer to the Agent any Prohibited
Distributions and the proceeds of such sale (in the form received, <I>i.e.</I>, whether in cash or other property), and the Agent
shall thereupon identify and sell any non-cash consideration to a buyer or buyers in one or more arm&rsquo;s-length transactions
(including over a national securities exchange, if possible), except to the extent the Corporation grants written permission to
the Purported Transferee to retain a portion of such sale proceeds not exceeding the amount that the Purported Transferee would
have received from the Agent pursuant to Section 13.5(c) if the Agent, rather than the Purported Transferee, had resold the Excess
Securities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 9.65pt 0pt 0.5in; text-indent: 76.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 9.65pt 0pt 0.5in; text-indent: 76.5pt"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 9.65pt 0pt 0.5in; text-indent: 76.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 9.65pt 0pt 0.5in; text-indent: 1.5in">(iii) In the case of a Prohibited
Transfer described in Section 13.3(a)(A) as a result of the consummation of the Merger (for this purpose, treating as a Prohibited
Transfer any issuance of Corporation Securities that would have constituted a Prohibited Transfer but for the operation of section
2.1(e) of the Merger Agreement and the applicable provisions of this Article 13), the Agent shall, at the direction of the Company,
thereupon deliver the Excess Securities to (i) one or more organizations qualifying under Section 501(c)(3) of the Code (or any
comparable successor provision) (&ldquo;<U>Section 501(c)(3)</U>&rdquo;) as determined in the Company&rsquo;s sole discretion and/or
(ii) escheat such property to the state of residence or incorporation or formation, as applicable, of the Purported Transferee
for the benefit of such state.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 9.65pt 0pt 0.5in; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 1.5in">&#9;(iv) In the case of
a Prohibited Transfer described in Section 13.3(a)(B), the purported transferor of Excess Securities in such Prohibited Transfer
(the &ldquo;<U>Purported Transferor</U>&rdquo;) shall deliver to the Agent the sale proceeds from the Prohibited Transfer (in the
form received, <I>i.e., </I>whether in cash or other property), and the Agent shall thereupon identify and sell any non-cash consideration
to a buyer or buyers in one or more arm&rsquo;s-length transactions (including over a national securities exchange, if possible).
If the identity of the Purported Transferee is determined (by the Corporation), the Agent shall, to the extent possible, return
to the Purported Transferor any certificate or evidence of ownership of Excess Securities together with any Prohibited Distributions
received by the Agent pursuant to this Section 13.5(b), and shall reimburse the Purported Transferee up to an amount paid by such
Purported Transferee for the Excess Securities in the Prohibited Transfer, such reimbursement to be made from (and limited to)
the sale proceeds received by the Agent from the Purported Transferor (and the net proceeds realized by the Agent from the disposition
of any non-cash consideration). If the identity of the Purported Transferee is not determined, or to the extent the Excess Securities
have been resold and thus cannot be returned to the Purported Transferor, the Agent shall use the proceeds received by the Agent
from the Purported Transferor (and the net proceeds realized by the Agent from the disposition of any non-cash consideration) to
acquire on behalf of the Purported Transferor, in one or more arm&rsquo;s-length transactions (including over a national securities
exchange on which the Corporation Securities may be traded, if possible), an equal amount of Corporation Securities in replacement
of the Excess Securities sold&#894; provided, however, that to the extent the amount of proceeds is not sufficient to fund the
purchase price of such Corporation Securities and the Agent&rsquo;s costs and expenses (as described in Section 13.5(c)), the Purported
Transferor shall promptly fund such deficiency upon demand by the Agent.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 9.65pt 0pt 0.5in; text-indent: 76.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 9.65pt 0pt 0.5in; text-indent: 76.5pt">&#9;(iv) In the case of
a Prohibited Transfer that is described in both Sections 13.3(a)(A) and 13.3(a)(B), the procedures set forth in Section 13.5(b)(ii)
shall apply.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 9.65pt 0pt 0.5in; text-indent: 76.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 9.65pt 0pt 0.5in; text-indent: 76.5pt">(c) Except for Prohibited
Distributions that are to be returned to the Purported Transferor in accordance with Section 13.5(b)(ii), the Agent shall apply
any proceeds or any other amounts received by it by and in accordance with Section 13.5 as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 9.65pt 0pt 0.5in; text-indent: 76.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 22.2pt 0pt 0.5in; text-indent: 1.5in">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>first</I>, such amounts shall be paid to the Agent to the extent necessary to cover its costs and expenses incurred in
connection with its duties hereunder&#894;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 22.2pt 0pt 0.5in; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 22.2pt 0pt 0.5in; text-indent: 1.5in">(ii)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>second</I>, any remaining amounts shall be paid to the Purported Transferee, up to the amount paid by the Purported Transferee
for the Excess Securities (or the fair market value at the time of the Prohibited Transfer, in the event the purported Transfer
of the Excess Securities was, in whole or in part, a gift, inheritance or similar Transfer)&#894; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 22.2pt 0pt 0.5in; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 22.2pt 0pt 40.5pt; text-indent: 103.5pt">(iii)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>third</I>, any remaining amounts, subject to the limitations imposed by the following proviso, shall be paid to one or
more organizations qualifying under Section 501(c)(3) selected by the Board&#894; provided, however, that if the Excess Securities
(including any Excess Securities arising from a previous Prohibited Transfer not sold by the Agent in a prior sale or sales) represent
a 4.9% or greater Percentage Stock Ownership interest in the Corporation, then such remaining amounts shall be paid to two or more
unrelated organizations qualifying under Section 501(c)(3) selected by the Board, such that no organization qualifying under Section
501(c)(3) shall possess Percentage Stock Ownership in the Corporation of 4.9% or more.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 22.2pt 0pt 40.5pt; text-indent: 103.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 22.2pt 0pt 40.5pt; text-indent: 103.5pt"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 22.2pt 0pt 40.5pt; text-indent: 103.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 22.2pt 0pt 40.5pt; text-indent: 103.5pt">(iv)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The recourse of any Purported Transferee in respect of any Prohibited Transfer shall be limited to the amount payable to
the Purported Transferee pursuant to clause (ii) above. Except to the extent used to cover costs and expenses incurred by the Agent
in performing its duties hereunder, in no event shall the proceeds of any sale of Excess Securities pursuant to this Section 13.5
inure to the benefit of the Corporation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 22.2pt 0pt 40.5pt; text-indent: 103.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 9.7pt 0pt 6.05pt; text-indent: 110.95pt">(d) If the Purported Transferee
or the Purported Transferor fails to surrender the Excess Securities (as applicable) or the proceeds of a sale thereof to the Agent
within thirty (30) days from the date on which the Corporation makes a demand pursuant to Section 13.5(b), then the Corporation
shall, in such manner and at such time, as determined by the Board, use its best efforts to enforce the provisions hereof, which
may include the institution of legal proceedings to compel the surrender. Nothing in this Section 13.5(d) shall (i) be deemed inconsistent
with any Prohibited Transfer of the Excess Securities provided in this Article 13 being void <I>ab initio </I>or (ii) preclude
the Corporation in its discretion from immediately bringing legal proceedings without a prior demand.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 9.7pt 0pt 6.05pt; text-indent: 110.95pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 9.7pt 0pt 6.05pt; text-indent: 110.95pt">(e) In the event of any
Prohibited Transfer that does not involve a transfer of Corporation Securities within the meaning of the DGCL and that is not a
Prohibited Transfer pursuant to Section 13.3(a)(B), the application of Section 13.5(b)-(d) shall be modified as described in this
Section 13.5(e). In such case, no such Purported Transferee shall be required to dispose of any interest that is not a Corporation
Security, but such Purported Transferee and/or any Person whose ownership of Corporation Securities is attributed to such Purported
Transferee (such Purported Transferee or other Person, a &ldquo;<U>Remedial Holder</U>&rdquo;) shall be deemed to have disposed
of and shall be required to dispose of sufficient Corporation Securities (which Corporation Securities shall be disposed of in
the inverse order in which they were acquired) to cause such Purported Transferee, following such disposition, not to be in violation
of this Article 13. Such disposition shall be deemed to occur simultaneously with the Transfer giving rise to the application of
this provision, and such number of Corporation Securities that are deemed to be disposed of shall be considered Excess Securities
and shall be disposed of through the Agent as provided in Section 13.5(b)-(d), except that the maximum aggregate amount payable
to a Remedial Holder in connection with such sale shall be the fair market value of such Excess Securities at the time of the Prohibited
Transfer. A Remedial Holder shall not be entitled, with respect to such Excess Securities, to any rights of stockholders of the
Corporation, including, without limitation, the right to vote such Excess Securities and to receive dividends or distributions,
whether liquidating or otherwise, in respect thereof, if any, following the time of the Prohibited Transfer. All expenses incurred
by the Agent in disposing of such Excess Securities shall be paid out of any amounts due to such Remedial Holder. The purpose of
this Section 13.5(e) is to extend the restrictions in Section 13.5(b)-(d) to situations in which there is a Prohibited Transfer
without a direct Transfer of Corporation Securities, and this Section 13.5(e), along with the other provisions of this Article
13, shall be interpreted to produce the same results, with differences as the context requires, as a direct Transfer of Corporation
Securities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 9.7pt 0pt 6.05pt; text-indent: 110.95pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 15.95pt 0pt 4.5pt; text-indent: 67.5pt">13.6 <U>Liability</U>.
To the fullest extent permitted by law, any stockholder subject to the provisions of this Article 13 who knowingly violates the
provisions of this Article 13 and any Persons controlling, controlled by or under common control with such stockholder shall be
jointly and severally liable to the Corporation for, and shall indemnify and hold the Corporation harmless against, any and all
damages suffered as a result of such violation, including, but not limited to, damages resulting from a reduction in, or elimination
of, the Corporation&rsquo;s ability to utilize its Tax Benefits, and attorneys&rsquo; and auditors&rsquo; fees incurred in connection
with such violation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 15.95pt 0pt 4.5pt; text-indent: 67.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 15.95pt 0pt 76.5pt; text-indent: 0in">13.7 <U>Bylaws&#894; Legends&#894;
Compliance</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 15.95pt 0pt 76.5pt; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 15.95pt 0pt 4.5pt; text-indent: 1.5in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The Bylaws may make appropriate provisions to effectuate the requirements of this Article 13.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 15.95pt 0pt 4.5pt; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 15.95pt 0pt 4.5pt; text-indent: 1.5in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>All certificates (including global certificates) issued by the Corporation representing Corporation Securities shall bear
a conspicuous legend substantially in the form as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 15.95pt 0pt 4.5pt; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 21.95pt 0pt 26.85pt">&ldquo;THE TRANSFER OF THE SECURITIES REPRESENTED
HEREBY IS SUBJECT TO SIGNIFICANT OWNERSHIP AND TRANSFER RESTRICTIONS PURSUANT TO ARTICLE 13 OF THE AMENDED AND RESTATED CERTIFICATE
OF INCORPORATION OF HRG GROUP, INC., AS IT MAY BE AMENDED FROM TIME TO TIME. THE CORPORATION WILL FURNISH A COPY OF ITS AMENDED
AND RESTATED CERTIFICATE OF INCORPORATION TO THE HOLDER OF RECORD OF THIS CERTIFICATE WITHOUT CHARGE UPON A WRITTEN REQUEST ADDRESSED
TO THE CORPORATION AT ITS PRINCIPAL PLACE OF BUSINESS.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 21.95pt 0pt 26.85pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 21.95pt 0pt 26.85pt"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 21.95pt 0pt 26.85pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 16.6pt 0pt 4.5pt; text-indent: 1.5in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The Corporation shall have the power to make appropriate notations upon its stock transfer records and instruct any transfer
agent, registrar, securities intermediary or depository with respect to the requirements of this Article 13 for any uncertificated
Corporation Securities or Corporation Securities held in an indirect holding system.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 16.6pt 0pt 4.5pt; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 16.6pt 0pt 4.5pt; text-indent: 1.5in">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The Board shall have the power to decide all matters necessary for determining compliance with this Article 13, including,
without limitation, determining (A) the identification of Substantial Holders, (B) whether a Transfer is a Prohibited Transfer,
(C) the Percentage Stock Ownership of any Substantial Holder or other Person, (D) whether an instrument constitutes a Corporation
Security, (E) the amount (or fair market value) due to a Purported Transferee or Purported Transferor pursuant to this Article
13, (F) to interpret any provision of this Article 13, and (G) any other matter that the Board determines to be relevant. The good
faith determination of the Board on such matters shall be conclusive and binding on all persons and entities for the purposes of
this Article 13.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 16.6pt 0pt 4.5pt; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.15pt 0pt 4.5pt; text-indent: 1in">13.8 <U>Severability</U>. If
any provision or provisions of this Article 13 shall be held invalid, illegal or unenforceable as applied to any person or entity
or circumstances for any reason whatsoever, then, to the fullest extent permitted by law, the validity, legality and enforceability
of such provisions in any other circumstance and of the remaining provisions of this Article 13 (including, without limitation,
each portion of any sentence of this Article 13 containing any such provision held to be invalid, illegal or unenforceable that
is not itself held to be invalid, illegal or unenforceable) and the application of such provision to other persons or entities
and circumstances shall not in any way be affected or impaired thereby.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.15pt 0pt 4.5pt; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.15pt 0pt 4.5pt; text-indent: 1in">13.9 The restrictions on transfer
and ownership imposed by this Article 13 will expire on the close of business on the effective date of the repeal of Section 382
of the Code or any successor statute if the Board reasonably determines that such restrictions are no longer necessary or desirable
for the preservation of Tax Benefits.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.15pt 0pt 4.5pt; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">14. <U>Definitions</U>.
Capitalized terms used but not otherwise defined in this Certificate shall have the meanings set forth below:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<U>Affiliate</U>&rdquo;
means, with respect to any Person, another Person that directly, or indirectly through one or more intermediaries, controls, is
controlled by, or is under common control with, such first Person, where &ldquo;control&rdquo; means the possession, directly or
indirectly, of the power to direct or cause the direction of the management policies of a Person, whether through the ownership
of voting securities, by contract, as trustee or executor or otherwise.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<U>Beneficial
Ownership</U>,&rdquo; &ldquo;<U>Beneficially Owned</U>&rdquo; and &ldquo;<U>Beneficially Owns</U>&rdquo; have the meanings specified
in Rule 13d-3 promulgated under the Securities Exchange Act of 1934, as amended, including the provision that any member of a &ldquo;group&rdquo;
will be deemed to have beneficial ownership of all securities beneficially owned by other members of the group, and a Person&rsquo;s
beneficial ownership of securities will be calculated in accordance with the provisions of such Rule; <U>provided</U>, <U>however</U>,
that a Person will be deemed to be the beneficial owner of any security which may be acquired by such Person whether within sixty
(60) days or thereafter, upon the conversion, exchange or exercise of any rights, options, warrants or similar securities to subscribe
for, purchase or otherwise acquire (x) capital stock of any Person or (y) securities directly or indirectly convertible into, or
exercisable or exchangeable for, such capital stock of such Person.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<U>Capital Stock</U>&rdquo;
means all shares now or hereafter authorized of any class or series of capital stock of the Corporation which has the right to
participate in the distribution of the assets and earnings of the Corporation, including Common Stock and any shares of capital
stock into which Common Stock may be converted (as a result of recapitalization, share exchange or similar event) or are issued
with respect to Common Stock, including, without limitation, with respect to any stock split or stock dividend, or a successor
security.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<U>Directors</U>&rdquo;
means the members of the Board.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<U>Law</U>&rdquo;
means any U.S. or non-U.S., federal, state or local law (statutory, common or otherwise), constitution, treaty, convention, ordinance,
code, rule, regulation, order, injunction, judgment, decree, ruling or other similar requirement enacted, adopted, promulgated
or applied by a governmental authority (including any department, court, agency or official, or non<U>-</U>governmental self-regulatory
organization, agency or authority and any political subdivision or instrumentality thereof).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<U>Outstanding
Voting Securities</U>&rdquo; means at any time the then-issued and outstanding Common Stock and any other securities of the Corporation
of any kind or class having power generally to vote for the election of Directors.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<U>Person</U>&rdquo;
means any individual, corporation, partnership, limited partnership, limited liability company, joint venture, association, joint-stock
company, trust, unincorporated organization or other similar organization or entity.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<U>Voting Securities</U>&rdquo;
means the Common Stock and any other securities of the Corporation of any kind or class having power generally to vote for the
election of Directors.</P>

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">IN WITNESS WHEREOF, the undersigned has
caused this Amended and Restated Certificate of Incorporation to be duly executed in its corporate name by its duly authorized
officer.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Dated: [&bull;], 2018</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top; background-color: white">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">HRG GROUP, INC.</TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="width: 55%">&nbsp;</TD>
    <TD STYLE="width: 4%">&nbsp;</TD>
    <TD STYLE="width: 41%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD>&nbsp;</TD>
    <TD>By:</TD>
    <TD STYLE="border-bottom: black 1.5pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD>&nbsp;</TD>
    <TD>Name:</TD>
    <TD>Ehsan Zargar</TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD>&nbsp;</TD>
    <TD STYLE="padding-left: 0.5in; text-indent: -0.5in">Title:&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="padding-left: 0.5in; text-indent: -0.5in">Executive Vice President and General Counsel</TD></TR>
</TABLE>




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

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

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<P STYLE="margin: 0">&nbsp;</P>



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<P STYLE="margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

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

<P STYLE="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"><U>&nbsp;EXHIBIT
B</U></FONT></P>

<P STYLE="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt">Amended and
Restated Halley Bylaws</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


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

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

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

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

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

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

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

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

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

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

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

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

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

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

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


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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">As used in
these By-laws, unless the context otherwise requires, the term:</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">1.1
&ldquo;<U>Affiliate</U>&rdquo; means, with respect to any Person, another Person that directly, or indirectly through one or more
intermediaries, controls, is controlled by, or is under common control with, such first Person, where &ldquo;<U>control</U>&rdquo;
means the possession, directly or indirectly, of the power to direct or cause the direction of the management policies of a Person,
whether through the ownership of voting securities, by contract, as trustee or executor or otherwise.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">1.2
&ldquo;<U>Assistant Secretary</U>&rdquo; means an Assistant Secretary of the Corporation.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">1.3
&ldquo;<U>Assistant Treasurer</U>&rdquo; means an Assistant Treasurer of the Corporation.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">1.4
&ldquo;<U>Beneficial Ownership</U>,&rdquo; &ldquo;<U>Beneficially Owned</U>&rdquo; and &ldquo;<U>Beneficially Owns</U>&rdquo;
have the meanings specified in Rule 13d-3 promulgated under the Exchange Act, including the provision that any member of a &ldquo;group&rdquo;
will be deemed to have beneficial ownership of all securities beneficially owned by other members of the group, and a Person&rsquo;s
beneficial ownership of securities will be calculated in accordance with the provisions of such Rule; <U>provided</U>, <U>however</U>,
that a Person will be deemed to be the beneficial owner of any security which may be acquired by such Person whether within 60
days or thereafter, upon the conversion, exchange or exercise of any rights, options, warrants or similar securities to subscribe
for, purchase or otherwise acquire (x) capital stock of any Person or (y) securities directly or indirectly convertible into,
or exercisable or exchangeable for, such capital stock of such Person.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">1.5
&ldquo;<U>Board</U>&rdquo; means the Board of Directors of the Corporation.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">1.6
&ldquo;<U>By-laws</U>&rdquo; means the By-laws of the Corporation, as amended or restated from time to time.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">1.7
&ldquo;<U>Certificate of Incorporation</U>&rdquo; means the Certificate of Incorporation of the Corporation, as amended or restated
from time to time.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">1.8
&ldquo;<U>Chairman</U>&rdquo; means the Chairman of the Board.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">1.9
&ldquo;<U>Chief Executive Officer</U>&rdquo; means the Chief Executive Officer of the Corporation.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">1.10
&ldquo;<U>Corporation</U>&rdquo; means Spectrum Brands Holdings, Inc. (formerly known as HRG Group, Inc.)</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">1.11
&ldquo;<U>DGCL</U>&rdquo; means the General Corporation Law of the State of Delaware, as amended from time to time.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">1.12
&ldquo;<U>Directors</U>&rdquo; means the members of the Board.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">1.13
&ldquo;<U>Exchange Act</U>&rdquo; means the Securities Exchange Act of 1934, as amended.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">1.15
&ldquo;<U>Law</U>&rdquo; means any U.S. or non-U.S., federal, state or local law (statutory, common or otherwise), constitution,
treaty, convention, ordinance, code, rule, regulation, order, injunction, judgment, decree, ruling or other similar requirement
enacted, adopted, promulgated or applied by a governmental authority (including any department, court, agency or official, or
non-governmental self-regulatory organization, agency or authority and any political subdivision or instrumentality thereof).</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">1.16
&ldquo;<U>Office of the Corporation</U>&rdquo; means the executive office of the Corporation, anything in Section 131 of the DGCL
to the contrary notwithstanding.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">1.17
&ldquo;<U>Outstanding Voting Securities</U>&rdquo; means at any time the then-issued and outstanding Voting Securities.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">1.18
&ldquo;<U>Person</U>&rdquo; means any individual, corporation, partnership, limited partnership, limited liability company, joint
venture, association, joint-stock company, trust, unincorporated organization or other similar organization or entity.</FONT></P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">1.19
&ldquo;<U>President</U>&rdquo; means the President of the Corporation.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">1.20
&ldquo;<U>Secretary</U>&rdquo; means the Secretary of the Corporation.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">1.22
&ldquo;<U>Stockholder Business</U>&rdquo; means (i) with respect to an annual meeting of Stockholders, any business brought before
such meeting in accordance with Section 2.2(B)(ii), and (ii) with respect to a special meeting of Stockholders, any business brought
before such meeting in accordance with Section 2.3(B).</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">1.23
&ldquo;<U>Stockholders</U>&rdquo; means the stockholders of the Corporation.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">1.24
&ldquo;<U>Treasurer</U>&rdquo; means the Treasurer of the Corporation.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">1.25
&ldquo;<U>Vice President</U>&rdquo; means a Vice President of the Corporation.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">1.26
&ldquo;<U>Voting Securities</U>&rdquo; means the common stock and any other securities of the Corporation of any kind or class
having power generally to vote for the election of Directors.</FONT></P>

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

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">2.1
<U>Place of Meetings</U>. Meetings of Stockholders may be held at such place or solely by means of remote communication or otherwise,
as may be designated by the Board from time to time.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">2.2
<U>Annual Meetings</U>.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(A)
A meeting of Stockholders for the election of Directors and other business shall be held annually at such date and time as may
be designated by the Board from time to time.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(B)
At an annual meeting of Stockholders, only business (other than business relating to the nomination or election of Directors,
which is governed by Section 3.4) that has been properly brought before the meeting of Stockholders in accordance with the procedures
set forth in this Section 2.2 shall be conducted. To be properly brought before an annual meeting of Stockholders, such business
must be brought before the meeting (i) by or at the direction of the Board or any committee thereof or (ii) by a Stockholder who
(a) was a Stockholder of record of the Corporation when the notice required by this Section 2.2 is delivered to the Secretary
and at the time of the annual meeting, (b) is entitled to vote at the annual meeting and (c) complies with the notice and other
provisions of this Section 2.2. Section 2.2(B)(ii) is the exclusive means by which a Stockholder may bring business before an
annual meeting of Stockholders, except (x) with respect to nominations or elections of Directors which is governed by Section
3.4 and (y) with respect to proposals where the Stockholder proposing such business has notified the Corporation of such Stockholder&rsquo;s
intent to present the proposals at an annual meeting in compliance with Section 14 of the Exchange Act and such proposals have
been included in a proxy statement that has been prepared by the Corporation to solicit proxies for such annual meeting, in which
case the notice requirements of this Section 2.2 shall be deemed satisfied with respect to such proposals.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(C)
At any annual meeting of Stockholders, all proposals of Stockholder Business must be made by timely written notice given by a
Stockholder of record (the &ldquo;<U>Notice of Business</U>&rdquo;) and must otherwise be a proper matter for Stockholder action.
To be timely, the Notice of Business must be delivered personally or mailed to, and received at, the Office of the Corporation,
addressed to the Secretary, by no earlier than 120 days and no later than 90 days before the first anniversary of the date of
the prior year&rsquo;s annual meeting of Stockholders; <U>provided</U>, <U>however</U>, that if (i) the annual meeting of Stockholders
is advanced by more than 30 days, or delayed by more than 60 days, from the first anniversary of the prior year&rsquo;s annual
meeting of Stockholders or (ii) no annual meeting was held during the prior year, then the notice by the Stockholder to be timely
must be received (a) no earlier than 120 days before such annual meeting and (b) no later than the later of 90 days before such
annual meeting and the tenth day after the day on which the notice of such annual meeting was made by mail or Public Disclosure.
In no event shall an adjournment, postponement or deferral, or Public Disclosure of an adjournment, postponement or deferral,
of an annual meeting of Stockholders commence a new time period (or extend any time period) for the giving of the Notice of Business.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(D)
The Notice of Business must set forth:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(i)
the name and record address of each Stockholder proposing Stockholder Business for an annual meeting (the &ldquo;<U>Proponent</U>&rdquo;),
as they appear on the Corporation&rsquo;s books;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(ii)
the name and address of any Stockholder Associated Person;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(iii)
as to each Proponent and any Stockholder Associated Person, (a) the class or series and number of shares of stock of the Corporation
directly or indirectly held of record and beneficially owned by the Proponent or Stockholder Associated Person, (b) the date such
shares of stock were acquired, (c) a description of any agreement, arrangement or understanding, direct or indirect, with respect
to such Stockholder Business between or among the Proponent, any Stockholder Associated Person or any others (including their
names) acting in concert with any of the foregoing, (d) a description of any agreement, arrangement or understanding (including
any derivative or short positions, profit interests, options, hedging transactions and borrowed or loaned shares) that has been
entered into, directly or indirectly, as of the date of the Proponent&rsquo;s notice by, or on behalf of, the Proponent or any
Stockholder Associated Person, the effect or intent of which is to mitigate loss to, manage risk or benefit of share price changes
for, or increase or decrease the voting power of the Proponent or any Stockholder Associated Person with respect to shares of
stock of the Corporation (a &ldquo;<U>Derivative</U>&rdquo;), (e) a description in reasonable detail of any proxy (including revocable
proxies), contract, arrangement, understanding or other relationship pursuant to which the Proponent or Stockholder Associated
Person has a right to vote any shares of stock of the Corporation, (f) any rights to dividends on the stock of the Corporation
owned beneficially by the Proponent or Stockholder Associated Person that are separated or separable from the underlying stock
of the Corporation, (g) any proportionate interest in stock of the Corporation or Derivatives held, directly or indirectly, by
a general or limited partnership in which the Proponent or Stockholder Associated Person is a general partner or, directly or
indirectly, beneficially owns an interest in a general partner, (h) any performance-related fees (other than an asset-based fee)
that the Proponent or Stockholder Associated Person is entitled to, based on any increase or decrease in the value of stock of
the Corporation or Derivatives thereof, if any, as of the date of such notice, and (i) with respect to any and all of the agreements,
contracts, understandings, arrangements, proxies or other relationships referred to in the foregoing clauses (c) through (h),
a representation that such Proponent will notify the Corporation in writing of any such agreement, contract, understanding, arrangement,
proxy or other relationship that is or will be in effect as of the date of such meeting no later than five business days before
the date of such meeting. The information specified in Section 2.2(D)(i) to (iii) is referred to herein as &ldquo;<U>Stockholder
Information</U>&rdquo;;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(iv)
a representation that each Proponent is a holder of record of stock of the Corporation entitled to vote at the meeting and intends
to appear in person or by proxy at the meeting to propose such Stockholder Business;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(v)
a brief description of the Stockholder Business desired to be brought before the annual meeting, the text of the proposal (including
the text of any resolutions proposed for consideration and, if such business includes a proposal to amend the By-laws, the language
of the proposed amendment) and the reasons for conducting such Stockholder Business at the meeting;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(vi)
any material interest of the Proponent and any Stockholder Associated Person in such Stockholder Business;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(vii)
a representation as to whether the Proponent intends (a) to deliver a proxy statement and form of proxy to holders of at least
the percentage of the Corporation&rsquo;s outstanding capital stock required to approve or adopt such Stockholder Business or
(b) otherwise to solicit proxies or votes from Stockholders in support of such Stockholder Business; and</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(viii)
all other information that would be required to be filed with the Securities and Exchange Commission (&ldquo;<U>SEC</U>&rdquo;)
if the Proponents or Stockholder Associated Persons were participants in a solicitation subject to Section 14 of the Exchange
Act.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(E)
The person presiding over the meeting shall, if the facts warrant, determine and declare to the meeting, that business was not
properly brought before the meeting in accordance with the procedures set forth in this Section 2.2, and, if he or she should
so determine, he or she shall so declare to the meeting and any such business not properly brought before the meeting shall not
be transacted.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(F)
If the Proponent (or a qualified representative of the Proponent) does not appear at the annual meeting of Stockholders to present
the Stockholder Business such business shall not be transacted, notwithstanding that proxies in respect of such vote may have
been received by the Corporation. For purposes of this Section 2.2, to be considered a qualified representative of the Stockholder,
a person must be a duly authorized officer, manager or partner of such Stockholder or must be authorized by a writing executed
by such Stockholder or an electronic transmission delivered by such Stockholder to act for such Stockholder as proxy at the annual
meeting of Stockholders and such person must produce such writing or electronic transmission, or a reliable reproduction of the
writing or electronic transmission, at the meeting of Stockholders.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(G)
&ldquo;<U>Public Disclosure</U>&rdquo; of any date or other information means disclosure thereof by a press release reported by
the Dow Jones News Services, Associated Press or comparable U.S. national news service or in a document publicly filed by the
Corporation with the SEC pursuant to Sections 13, 14 or 15(d) of the Exchange Act.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(H)
&ldquo;<U>Stockholder Associated Person</U>&rdquo; means, with respect to any Stockholder, (i) any other beneficial owner of stock
of the Corporation that is owned by such Stockholder and (ii) any person that directly, or indirectly through one or more intermediaries,
controls, or is controlled by, or is under common control with, the Stockholder or such beneficial owner.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(I)
&ldquo;<U>Control</U>&rdquo; (including the terms &ldquo;<U>controlling</U>,&rdquo; &ldquo;<U>controlled by</U>&rdquo; and &ldquo;<U>under
common control with</U>&rdquo;) means the possession, direct or indirect, of the power to direct or cause the direction of the
management and policies of a Person, whether through the ownership of voting securities, by contract or otherwise.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(J)
Nothing in this Section 2.2 shall be deemed to affect any rights of the holders of any series of preferred stock of the Corporation
pursuant to any applicable provision of the Certificate of Incorporation.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">2.3
<U>Special Meetings</U>.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(A)
Special meetings of Stockholders may be called at any time by the Board by giving notice to each Stockholder entitled to vote
at such meeting in accordance with Section 2.5 hereof. Business transacted at any special meeting of Stockholders called by the
Board shall be limited to the purposes stated in the notice.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(B)
Special meetings of Stockholders shall be called by the Board upon written request to the Secretary of one or more record holders
of shares of stock of the Corporation representing in the aggregate not less than 25% of the total number of shares of stock of
the Corporation entitled to vote on the matter or matters to be brought before the proposed special meeting. A request to the
Secretary shall be signed by the Stockholder or Stockholders, or a duly authorized agent of such Stockholder or Stockholders,
requesting a special meeting (a &ldquo;<U>Special Meeting Request</U>&rdquo;). A special meeting requested by Stockholders shall
be held at such date, time and place within or without the state of Delaware as may be fixed by the Board; <U>provided</U>, <U>however</U>,
that the date of any such special meeting shall be not more than 90 days after the Special Meeting Request is received by the
Secretary. Notwithstanding the foregoing, a special meeting requested by Stockholders shall not be held if (i) the Special Meeting
Request(s) relates to an item of business that is not a proper subject for Stockholder action under applicable law, (ii) the Special
Meeting Request(s) is received by the Corporation during the period commencing 90 days prior to the first anniversary of the date
of the immediately preceding annual meeting and ending on the date of the next annual meeting, (iii) an identical or substantially
similar item (as determined in good faith by the Board, a &ldquo;<U>Similar Item</U>&rdquo;) was presented at a meeting of the
Stockholders held within 90 days prior to receipt by the Corporation of such Special Meeting Request(s) (and, for purposes of
this Section 2.3(B), the election of directors shall be deemed a &ldquo;Similar Item&rdquo; with respect to all items of business
involving the election or removal of directors), (iv) the Board calls an annual or special meeting of Stockholders to be held
not later than 90 days after the Secretary's receipt of the Special Meeting Request(s) and a Similar Item is included in the Corporation&rsquo;s
notice as an item of business to be brought before such annual or special meeting of Stockholders, (v) a Similar Item is already
included in the Corporation's notice as an item of business to be brought before a meeting of the Stockholders that has been called
but not yet held, or (vi) the Special Meeting Request(s) was made in a manner that involved a violation of Regulation 14A under
the Exchange Act. A Stockholder may revoke a Special Meeting Request at any time by written revocation delivered to the Secretary,
and if, following such revocation, there are unrevoked requests from Stockholders holding in the aggregate less than the requisite
number of shares entitling the Stockholders to make a Special Meeting Request, the Board, in its discretion, may cancel such special
meeting. Business transacted at a special meeting requested by Stockholders shall be limited to the matters described in the Special
Meeting Request; <U>provided</U>, <U>however</U>, that nothing herein shall prohibit the Board from submitting matters to the
Stockholders at any special meeting requested by Stockholders.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(C)
The Special Meeting Request must set forth:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(i)
the Stockholder Information with respect to each Stockholder proposing Stockholder Business for a special meeting (the &ldquo;<U>Requesting
Person</U>&rdquo;);</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(ii)
the name and address of any Stockholder Associated Person;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(iii)
a representation that each Requesting Person is a holder of record of stock of the Corporation entitled to vote at the meeting
and intends to appear in person or by proxy at the meeting to propose such Stockholder Business;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt"></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(iv)
a brief description of the Stockholder Business desired to be brought before the special meeting, the text of the proposal (including
the text of any resolutions proposed for consideration and, if such Stockholder Business includes a proposal to amend the By-laws,
the language of the proposed amendment) and the reasons for conducting such Stockholder Business;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(v)
any material interest of the Requesting Person and any Stockholder Associated Person in such Stockholder Business;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(vi)
a representation as to whether the Requesting Person intends (a) to deliver a proxy statement and form of proxy to holders of
at least the percentage of the Corporation&rsquo;s outstanding capital stock required to approve or adopt such Stockholder Business
or (b) otherwise to solicit proxies or votes from Stockholders in support of such Stockholder Business; and</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(vii)
all other information that would be required to be filed with the SEC if the Requesting Persons or Stockholder Associated Persons
were participants in a solicitation subject to Section 14 of the Exchange Act.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(D)
If the Requesting Person (or a qualified representative of the Requesting Person) does not appear at the special meeting of Stockholders
to present the Stockholder Business such business shall not be transacted, notwithstanding that proxies in respect of such vote
may have been received by the Corporation. For purposes of this Section 2.3, to be considered a qualified representative of the
Stockholder, a person must be a duly authorized officer, manager or partner of such Stockholder or must be authorized by a writing
executed by such Stockholder or an electronic transmission delivered by such Stockholder to act for such Stockholder as proxy
at the meeting of Stockholders and such person must produce such writing or electronic transmission, or a reliable reproduction
of the writing or electronic transmission, at the meeting of Stockholders.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(E)
Nothing in this Section 2.3 shall be deemed to affect any rights of the holders of any series of preferred stock of the Corporation
pursuant to any applicable provision of the Certificate of Incorporation.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">2.4
<U>Record Date</U>.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(A)
For the purpose of determining the Stockholders entitled to notice of any meeting of Stockholders or any adjournment thereof,
unless otherwise required by the Certificate of Incorporation or applicable Law, the Board may fix a record date, which record
date shall not precede the date on which the resolution fixing the record date was adopted by the Board and shall not be more
than 60 days or less than ten days before the date of such meeting. Subject to Section 2.13, for the purposes of determining the
Stockholders entitled to express consent to corporate action in writing without a meeting, unless otherwise required by the Certificate
of Incorporation or applicable Law, the Board may fix a record date, which record date shall not precede the date on which the
resolution fixing the record date was adopted by the Board and shall not be more than ten days after the date on which the record
date was fixed by the Board. For the purposes of determining the Stockholders entitled to receive payment of any dividend or other
distribution or allotment of any rights, exercise any rights in respect of any change, conversion or exchange of stock or take
any other lawful action, unless otherwise required by the Certificate of Incorporation or applicable Law, the Board may fix a
record date, which record date shall not precede the date on which the resolution fixing the record date was adopted by the Board
and shall not be more than 60 days prior to such action.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(B)
Subject to Section 2.13, if no such record date is fixed:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(i)
The record date for determining Stockholders entitled to notice of or to vote at a meeting of Stockholders shall be at the close
of business on the day on which notice is given or, if notice is waived, at the close of business on the day on which the meeting
is held;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(ii)
The record date for determining Stockholders entitled to express consent to corporate action in writing without a meeting (unless
otherwise provided in the Certificate of Incorporation), when no prior action by the Board is required by applicable Law, shall
be the first day on which a signed written consent setting forth the action taken or proposed to be taken is delivered to the
Corporation in accordance with applicable Law; and when prior action by the Board is required by applicable Law, the record date
for determining Stockholders entitled to express consent to corporate action in writing without a meeting shall be at the close
of business on the date on which the Board takes such prior action; and</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(iii)
When a determination of Stockholders of record entitled to notice of or to vote at any meeting of Stockholders has been made as
provided in this Section 2.4, such determination shall apply to any adjournment thereof; <U>provided</U>, <U>however</U>, that
the Board may fix a new record date for determination of Stockholders entitled to vote at the adjourned meeting, and in such case
shall also fix as the record date for Stockholders entitled to notice of such adjourned meeting the same or an earlier date as
that fixed for determination of Stockholders entitled to vote in accordance with the foregoing provisions.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">2.5
<U>Notice of Meetings of Stockholders</U>. Whenever under the provisions of applicable Law, the Certificate of Incorporation or
these By-laws, Stockholders are required or permitted to take any action at a meeting, notice shall be given stating the place,
if any, date and hour of the meeting, the means of remote communication, if any, by which Stockholders and proxy holders may be
deemed to be present in person and vote at such meeting, the record date for determining the Stockholders entitled to vote at
the meeting, if such date is different from the record date for determining Stockholders entitled to notice of the meeting, and,
in the case of a special meeting, the purposes for which the meeting is called. Unless otherwise provided by these By-laws or
applicable Law, notice of any meeting shall be given, not less than ten nor more than 60 days before the date of the meeting,
to each Stockholder entitled to vote at such meeting as of the record date for determining the Stockholders entitled to notice
of the meeting. If mailed, such notice shall be deemed to be given when deposited in the U.S. mail, with postage prepaid, directed
to the Stockholder at his or her address as it appears on the records of the Corporation. An affidavit of the Secretary, an Assistant
Secretary or the transfer agent of the Corporation that the notice required by this Section 2.5 has been given shall, in the absence
of fraud, be prima facie evidence of the facts stated therein. If a meeting is adjourned to another time or place, notice need
not be given of the adjourned meeting if the time and place thereof are announced at the meeting at which the adjournment is taken.
Any business that might have been transacted at the meeting as originally called may be transacted at the adjourned meeting. If,
however, the adjournment is for more than 30 days, a notice of the adjourned meeting shall be given to each Stockholder of record
entitled to vote at the meeting. If after the adjournment a new record date for Stockholders entitled to vote is fixed for the
adjourned meeting, the Board shall fix a new record date for notice of such adjourned meeting in accordance with Section 213(a)
of the DGCL, and shall give notice of the adjourned meeting to each Stockholder of record entitled to vote at such adjourned meeting
as of the record date for notice of such adjourned meeting.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">2.6
<U>Waivers of Notice</U>. Whenever the giving of any notice to Stockholders is required by applicable Law, the Certificate of
Incorporation or these By-laws, a waiver thereof, given by the person entitled to said notice, whether before or after the event
as to which such notice is required, shall be deemed equivalent to notice. Attendance by a Stockholder at a meeting shall constitute
a waiver of notice of such meeting except when the Stockholder attends a meeting for the express purpose of objecting, at the
beginning of the meeting, to the transaction of any business on the ground that the meeting has not been lawfully called or convened.
Neither the business to be transacted at, nor the purposes of, any regular or special meeting of the Stockholders need be specified
in any waiver of notice.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">2.7
<U>List of Stockholders</U>. The officer who has charge of the stock ledger shall prepare and make, at least ten days before every
meeting of Stockholders, a complete, alphabetical list of the Stockholders entitled to vote at the meeting and showing the address
of each Stockholder and the number of shares registered in the name of each Stockholder; <U>provided</U>, <U>however</U>, that
if the record date for determining the Stockholders entitled to vote is less than 10 days before the meeting date, the list shall
reflect the Stockholders entitled to vote as of the tenth day before the meeting date and the address of each such Stockholder
and the number of shares registered in the name of such Stockholder. Such list may be examined by any Stockholder, at the Stockholder&rsquo;s
expense, for any purpose germane to the meeting, for a period of at least ten days prior to the meeting, during ordinary business
hours at the principal place of business of the Corporation or on a reasonably accessible electronic network as provided by applicable
Law. If the meeting is to be held at a place, a list of Stockholders entitled to vote at the meeting shall also be produced and
kept at the time and place of the meeting during the whole time thereof and may be inspected by any Stockholder who is present.
If the meeting is held solely by means of remote communication, the list shall also be open for inspection as provided by applicable
Law. Except as provided by applicable Law, the stock ledger shall be the only evidence as to who are the Stockholders entitled
to examine the list of Stockholders or to vote in person or by proxy at any meeting of Stockholders.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">2.8
<U>Quorum of Stockholders; Adjournment</U>. Except as otherwise provided by any applicable Law or these By-laws, at each meeting
of Stockholders, the presence in person or by proxy of the holders of a majority of the voting power of all outstanding shares
of stock of the Corporation entitled to vote at the meeting of Stockholders shall constitute a quorum for the transaction of any
business at such meeting. In the absence of a quorum, the holders of a majority in voting power of the shares of stock of the
Corporation present in person or represented by proxy at any meeting of Stockholders, including an adjourned meeting, and entitled
to vote thereon may adjourn such meeting to another time and place. Shares of its own stock belonging to the Corporation or to
any of its subsidiaries shall neither be entitled to vote nor be counted for quorum purposes; <U>provided</U>, <U>however</U>,
that the foregoing shall not limit the right of the Corporation to vote stock, including but not limited to its own stock, held
by it in a fiduciary capacity.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">2.9
<U>Voting; Proxies</U>. At any meeting of Stockholders, all matters, except as otherwise provided by the Certificate of Incorporation,
these By-laws or any applicable Law, shall be decided by the affirmative vote of a majority in voting power of shares of stock
of the Corporation present in person or represented by proxy and entitled to vote thereon. At all meetings of Stockholders for
the election of Directors, a plurality of the votes cast shall be sufficient to elect. Each Stockholder entitled to</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt; text-align: justify"><FONT STYLE="font-size: 10pt">vote
at a meeting of Stockholders or to express consent or dissent to corporate action in writing without a meeting may authorize another
person or persons to act for such Stockholder by proxy but no such proxy shall be voted or acted upon after three years from its
date, unless the proxy provides for a longer period. A proxy shall be irrevocable if it states that it is irrevocable and if,
and only so long as, it is coupled with an interest sufficient in Law to support an irrevocable power. A Stockholder may revoke
any proxy that is not irrevocable by attending the meeting and voting in person or by delivering to the Secretary a revocation
of the proxy or by delivering a new proxy bearing a later date.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">2.10
<U>Voting Procedures and Inspectors at Meetings of Stockholders</U>. The Board, in advance of any meeting of Stockholders, may
appoint one or more inspectors, who may be employees of the Corporation, to act at the meeting and make a written report thereof.
The Board may designate one or more persons as alternate inspectors to replace any inspector who fails to act. If no inspector
or alternate is able to act at a meeting, the person presiding at the meeting may appoint one or more inspectors to act at the
meeting. Each inspector, before entering upon the discharge of his or her duties, shall take and sign an oath faithfully to execute
the duties of inspector with strict impartiality and according to the best of his or her ability. The inspectors shall (A) ascertain
the number of shares outstanding and the voting power of each, (B) determine the shares represented at the meeting and the validity
of proxies and ballots, (C) count all votes and ballots, (D) determine and retain for a reasonable period a record of the disposition
of any challenges made to any determination by the inspectors and (E) certify their determination of the number of shares represented
at the meeting and their count of all votes and ballots. The inspectors may appoint or retain other persons or entities to assist
the inspectors in the performance of their duties. Unless otherwise provided by the Board, the date and time of the opening and
the closing of the polls for each matter upon which the Stockholders will vote at a meeting shall be determined by the person
presiding at the meeting and shall be announced at the meeting. No ballot, proxies, votes or any revocation thereof or change
thereto, shall be accepted by the inspectors after the closing of the polls unless the Court of Chancery of the State of Delaware
upon application by a Stockholder shall determine otherwise. In determining the validity and counting of proxies and ballots cast
at any meeting of Stockholders, the inspectors may consider such information as is permitted by applicable Law. No person who
is a candidate for office at an election may serve as an inspector at such election.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">2.11
<U>Conduct of Meetings; Adjournment</U>. The Board may adopt such rules and procedures for the conduct of meetings of Stockholders
as it deems appropriate. At each meeting of Stockholders, the President or, in the absence of the President, the Chief Executive
Officer or, in the absence of the Chief Executive Officer, the Chairman or, if there is no Chairman or if there be one and the
Chairman is absent, a Vice President and, in case more than one Vice President shall be present, that Vice President designated
by the Board (or in the absence of any such designation, the most senior Vice President present), shall preside over the meeting.
Except to the extent inconsistent with the rules and procedures as adopted by the Board, the person presiding over the meeting
of Stockholders shall have the right and authority to convene, adjourn and reconvene the meeting from time to time, to prescribe
such additional rules and procedures and to do all such acts as, in the judgment of such person, are appropriate for the proper
conduct of the meeting. Such rules and procedures, whether adopted by the Board or prescribed by the person presiding over the
meeting, may include, (A) the establishment of an agenda or order of business for the meeting, (B) rules and procedures for maintaining
order at the meeting and the safety of those present, (C) limitations on attendance at or participation in the meeting to Stockholders
of record of the Corporation, their duly authorized and constituted proxies or such other persons as the person presiding over
the meeting shall determine, (D) restrictions on entry to the meeting after the time fixed for the commencement thereof and (E)
limitations on the time allotted to questions or comments by participants. The person presiding over any meeting of Stockholders,
in addition to making any other determinations that may be appropriate to the conduct of the meeting, may determine and declare
to the meeting that a matter or business was not properly brought before the meeting and if such presiding person should so determine,
he or she shall so declare to the meeting and any such matter or business not properly brought before the meeting shall not be
transacted or considered. Unless and to the extent determined by the Board or the person presiding over the meeting, meetings
of Stockholders shall not be required to be held in accordance with the rules of parliamentary procedure. The Secretary or, in
his or her absence, one of the Assistant Secretaries, shall act as secretary of the meeting. If none of the officers above designated
to act as the person presiding over the meeting or as secretary of the meeting shall be present, a person presiding over the meeting
or a secretary of the meeting, as the case may be, shall be designated by the Board and, if the Board has not so acted, in the
case of the designation of a person to act as secretary of the meeting, designated by the person presiding over the meeting.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">2.12
<U>Order of Business</U>. The order of business at all meetings of Stockholders shall be as determined by the person presiding
over the meeting.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">2.13
<U>Written Consents of Stockholders Without a Meeting</U>.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(A)
Any person seeking to have the Stockholders authorize or take corporate action by written consent without a meeting shall, by
written notice addressed to the Secretary and delivered to the Corporation, request that a record date be fixed for such purpose.
The Board shall promptly, but in all events within ten days after the date on which such written notice</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 18pt; text-indent: 0pt"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt; text-align: justify"><FONT STYLE="font-size: 10pt">is
received, adopt a resolution fixing the record date (unless a record date has previously been fixed by the Board pursuant to Section
2.4). If no record date has been fixed by the Board by ten days after the date on which such written notice is received, the record
date for determining Stockholders entitled to consent to corporate action in writing without a meeting, when no prior action by
the Board is required by applicable Law, shall be as specified in Section 2.4(B)(ii).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(B)
Any action to be taken at any annual or special meeting of Stockholders may be taken without a meeting, without prior notice and
without a vote, if a consent or consents in writing, setting forth the action to be so taken, shall be signed by the holders of
outstanding shares of the Corporation having not less than the minimum number of votes that would be necessary to authorize or
take such action at a meeting at which all shares entitled to vote thereon were present and voted and shall be delivered (by hand
or by certified or registered mail, return receipt requested) to the Corporation by delivery to its registered office in the State
of Delaware, its principal place of business or an officer or agent of the Corporation having custody of the book in which proceedings
of meetings of Stockholders are recorded. Every written consent shall bear the date of signature of each Stockholder who signs
the consent, and no written consent shall be effective to take the corporate action referred to therein unless, within 60 days
of the earliest dated consent delivered in the manner required by this Section 2.13, written consents signed by a sufficient number
of holders to take action are delivered to the Corporation as aforesaid. Prompt notice of the taking of the corporate action without
a meeting by less than unanimous written consent shall, to the extent required by applicable Law, be given to those Stockholders
who have not consented in writing, and who, if the action had been taken at a meeting, would have been entitled to notice of the
meeting if the record date for notice of such meeting had been the date that written consents signed by a sufficient number of
holders to take the action were delivered to the Corporation.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">3.1
<U>General Powers</U>. The business and affairs of the Corporation shall be managed by or under the direction of the Board. The
Board may adopt such rules and procedures, not inconsistent with the Certificate of Incorporation, these By-laws or applicable
Law, as it may deem proper for the conduct of its meetings and the management of the Corporation.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">3.2
<U>Number; Term of Office</U>. Subject to the rights of the holders of any series of preferred stock of the Corporation pursuant
to any applicable provision of the Certificate of Incorporation to elect Directors, the Board shall initially consist of eight
members and the number of Directors may thereafter be increased or decreased, from time to time, by resolution of the Board. Each
Director shall hold office until a successor is duly elected and qualified or until the Director&rsquo;s earlier death, resignation,
disqualification or removal.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">3.3
<U>Classified Board of Directors</U>. The Board shall be classified as set forth in the Certificate of Incorporation. The members
of each class shall hold office until their successors are elected and qualified or until their earlier resignation, retirement,
removal or death. Any Director elected to fill a vacancy shall have the same remaining term as that of his or her predecessor.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">3.4
<U>Nominations of Directors</U>.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(A)
Only persons who are nominated in accordance with the procedures set forth in this Section 3.4 are eligible for election as Directors.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(B)
The Nominating and Corporate Governance Committee shall nominate for election to the Board the total number of persons as shall
stand for election at the applicable meeting of the stockholders.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(C)
Except with respect to the nominations made by the Nominating and Corporate Governance Committee pursuant to Section 3.4(B), nominations
of persons for election to the Board may only be made at a meeting properly called for the election of Directors and only (i)
by or at the direction of the Board or any committee thereof or (ii) by a Stockholder who (a) was a Stockholder of record of the
Corporation when the notice required by this Section 3.4 is delivered to the Secretary and at the time of the meeting, (b) is
entitled to vote for the election of Directors at the meeting and (c) complies with the notice and other provisions of this Section
3.4. Subject to any rights set forth in an agreement with the Corporation, Section 3.4(C)(ii) is the exclusive means by which
a Stockholder may nominate a person for election to the Board. Persons nominated in accordance with Section 3.4(C)(ii) are referred
to as &ldquo;<U>Stockholder Nominees</U>&rdquo;. A Stockholder nominating persons for election to the Board is referred to as
the &ldquo;<U>Nominating Stockholder</U>&rdquo;.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(D)
All nominations of Stockholder Nominees must be made by timely written notice given by or on behalf of a Stockholder of record
of the Corporation (the &ldquo;<U>Notice of Nomination</U>&rdquo;). To be timely, the Notice of Nomination must be delivered personally
or mailed to and received at the Office of the Corporation, addressed to the attention of the Secretary, by the following dates:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(i)
in the case of the nomination of a Stockholder Nominee for election to the Board at an annual meeting of Stockholders, no earlier
than 120 days and no later than 90 days before the first anniversary of the date of the prior year&rsquo;s annual meeting of Stockholders;
<U>provided</U>, <U>however</U>, that if (a) the annual meeting of Stockholders is advanced by more than 30 days, or delayed by
more than 60 days, from the first anniversary of the prior year&rsquo;s annual meeting of Stockholders or (b) no annual meeting
was held during the prior year, notice by the Stockholder to be timely must be received (1) no earlier than 120 days before the
date of such annual meeting and (2) no later than the later of 90 days before the date of such annual meeting and the tenth day
after the date on which the notice of such annual meeting was made by mail or Public Disclosure; and</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(ii)
in the case of the nomination of a Stockholder Nominee for election to the Board at a special meeting of Stockholders, no earlier
than 120 days before the date of such special meeting and (b) no later than the later of 90 days before the date of such special
meeting and the tenth day after the date on which the notice of such special meeting was made by mail or Public Disclosure.&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(E)
Notwithstanding anything to the contrary, if the number of Directors to be elected to the Board at a meeting of Stockholders is
increased effective after the time period for which nominations would otherwise be due under this Section 3.4 and there is no
Public Disclosure by the Corporation naming the nominees for the additional directorships at least 100 days before the first anniversary
of the preceding year&rsquo;s annual meeting, a Notice of Nomination shall also be considered timely, but only with respect to
nominees for the additional directorships, if it shall be delivered personally and received at the Office of the Corporation,
addressed to the attention of the Secretary, no later than the close of business on the tenth day following the day on which such
Public Disclosure is first made by the Corporation.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(F)
In no event shall an adjournment, postponement or deferral, or Public Disclosure of an adjournment, postponement or deferral,
of an annual or special meeting commence a new time period (or extend any time period) for the giving of the Notice of Nomination.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(G)
The Notice of Nomination shall set forth:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(i)
the Stockholder Information with respect to each Nominating Stockholder and Stockholder Associated Person;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(ii)
a representation that each Stockholder nominating a Stockholder Nominee is a holder of record of stock of the Corporation entitled
to vote at the meeting and intends to appear in person or by proxy at the meeting to propose such nomination;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(iii)
all information regarding each Stockholder Nominee and Stockholder Associated Person that would be required to be disclosed in
a solicitation of proxies subject to Section 14 of the Exchange Act, the written consent of each Stockholder Nominee to being
named in a proxy statement as a nominee and to serve if elected;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(iv)
a description of all direct and indirect compensation and other material monetary agreements, arrangements and understandings
during the past three years, and any other material relationships, between or among a Nominating Stockholder, Stockholder Associated
Person or their respective associates, or others acting in concert therewith, including all information that would be required
to be disclosed pursuant to Rule 404 promulgated under Regulation S-K if the Nominating Stockholder, Stockholder Associated Person
or any person acting in concert therewith, was the &ldquo;registrant&rdquo; for purposes of such rule and the Stockholder Nominee
was a director or executive of such registrant;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(v)
with respect to any and all of the agreements, contracts, understandings, arrangements, proxies or other relationships referred
to in the foregoing subclauses (iii) and (iv), a representation that such Nominating Stockholder will notify the Corporation in
writing of any such agreement, contract, understanding, arrangement, proxy or other relationship that are or will be in effect
as of the date of such annual meeting no later than five business days before the date of such meeting;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(vi)
a representation as to whether such Nominating Stockholder intends (a) to deliver a proxy statement and form of proxy to holders
of at least the percentage of the Corporation&rsquo;s outstanding capital stock required to approve the nomination or (b) otherwise
to solicit proxies or votes from Stockholders in support of such nomination;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt"></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(vii)
all other information that would be required to be filed with the SEC if the Nominating Stockholders and Stockholder Associated
Person were participants in a solicitation subject to Section 14 of the Exchange Act; and</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(viii)
any other information requested by the Corporation of either the Nominating Stockholder or the Stockholder Nominee as the Corporation
may reasonably require to determine the eligibility of such Stockholder Nominee to serve as a Director; <U>provided</U>, that
such request must be made within five business days of the Corporation&rsquo;s receipt of the Notice of Nomination.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(H)
If the Nominating Stockholder or Stockholder Nominee (as applicable) does not provide the information required by Section 3.4(G)(viii)
within ten business days after the Corporation&rsquo;s request, then such Nominating Stockholder&rsquo;s proposal shall be disregarded.
In addition, the person presiding over the meeting shall, if the facts warrant, determine and declare to the meeting that any
proposed nomination of a Stockholder Nominee was not made in accordance with the procedures set forth in this Section 3.4 and,
if he or she should so determine, he or she shall so declare to the meeting and the defective nomination shall be disregarded.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(I)
If the Stockholder (or a qualified representative of the Stockholder) does not appear at the applicable meeting of Stockholders
to nominate the Stockholder Nominees, such nomination shall be disregarded and such business shall not be transacted, notwithstanding
that proxies in respect of such vote may have been received by the Corporation. For purposes of this Section 3.4, to be considered
a qualified representative of the Stockholder, a person must be a duly authorized officer, manager or partner of such Stockholder
or must be authorized by a writing executed by such Stockholder or an electronic transmission delivered by such Stockholder to
act for such Stockholder as proxy at the meeting of Stockholders and such person must produce such writing or electronic transmission,
or a reliable reproduction of the writing or electronic transmission, at the meeting of Stockholders.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(J)
Nothing in this Section 3.4 shall be deemed to affect any rights of the holders of any series of preferred stock of the Corporation
pursuant to any applicable provision of the Certificate of Incorporation or any rights of a stockholder in any agreement with
the Corporation.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">3.5
<U>Resignation</U>. Any Director may resign at any time by notice given in writing or by electronic transmission to the Secretary.
Such resignation shall take effect at the date of receipt of such notice or at such later time as is therein specified.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">3.6
<U>Regular Meetings</U>. Regular meetings of the Board may be held without notice at such times and at such places as may be determined
from time to time by the Board or its Chairman.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">3.7
<U>Special Meetings</U>. Special meetings of the Board may be held at such times and at such places as may be determined by the
Chairman, the Chief Executive Officer or the President on at least 24 hours&rsquo; notice to each Director given by one of the
means specified in Section 3.10 hereof other than by mail or on at least three days&rsquo; notice if given by mail. Special meetings
shall be called by the Chairman, the Chief Executive Officer, the President or the Secretary in like manner and on like notice
on the written request of any two or more Directors.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">3.8
<U>Telephone Meetings</U>. Board or Board committee meetings may be held by means of telephone conference or other communications
equipment by means of which all persons participating in the meeting can hear each other. Participation by a Director in a meeting
pursuant to this Section 3.8 shall constitute presence in person at such meeting.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">3.9
<U>Adjourned Meetings</U>. A majority of the Directors present at any meeting of the Board, including an adjourned meeting, whether
or not a quorum is present, may adjourn and reconvene such meeting to another time and place. At least 24 hours&rsquo; notice
of any adjourned meeting of the Board shall be given to each Director whether or not present at the time of the adjournment, if
such notice shall be given by one of the means specified in Section 3.9 hereof other than by mail, or at least three days&rsquo;
notice if by mail. Any business may be transacted at an adjourned meeting that might have been transacted at the meeting as originally
called.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">3.10
<U>Notice Procedure</U>. Subject to Sections 3.7 and 3.11 hereof, whenever notice is required to be given to any Director by applicable
Law, the Certificate of Incorporation or these By-laws, such notice shall be deemed given effectively if given in person or by
telephone, mail addressed to such Director at such Director&rsquo;s address as it appears on the records of the Corporation, telegram,
telecopy or by other means of electronic transmission.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">3.11
<U>Waiver of Notice</U>. Whenever the giving of any notice to Directors is required by applicable Law, the Certificate of Incorporation
or these By-laws, a waiver thereof, given by the Director entitled to the notice, whether before or after such notice is required,
shall be deemed equivalent to notice. Attendance by a Director at a meeting shall constitute a waiver of notice of</FONT></P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt; text-align: justify"><FONT STYLE="font-size: 10pt">such
meeting except when the Director attends a meeting for the express purpose of objecting, at the beginning of the meeting, to the
transaction of any business on the ground that the meeting was not lawfully called or convened. Neither the business to be transacted
at, nor the purpose of, any regular or special Board or committee meeting need be specified in any waiver of notice.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">3.12
<U>Organization</U>. At each meeting of the Board, the Chairman or, in his or her absence, another Director selected by the Board
shall preside. The Secretary shall act as secretary at each meeting of the Board. If the Secretary is absent from any meeting
of the Board, an Assistant Secretary shall perform the duties of secretary at such meeting; and in the absence from any such meeting
of the Secretary and all Assistant Secretaries, the person presiding at the meeting may appoint any person to act as secretary
of the meeting.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">3.13
<U>Quorum of Directors</U>. The presence of a majority of the Board shall be necessary and sufficient to constitute a quorum for
the transaction of business at any meeting of the Board.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">3.14
<U>Action by Majority Vote</U>. Except as otherwise expressly required by these By-laws or the Certificate of Incorporation, the
vote of a majority of the Directors present at a meeting at which a quorum is present shall be the act of the Board.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">3.15
<U>Action Without Meeting</U>. Unless otherwise restricted by these By-laws, any action required or permitted to be taken at any
meeting of the Board or of any committee thereof may be taken without a meeting if all Directors or members of such committee,
as the case may be, consent thereto in writing or by electronic transmission, and the writings or electronic transmissions are
filed with the minutes of proceedings of the Board or committee.</FONT></P>

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

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">The
Board may designate one or more Directors as alternate members of any committee, who may replace any absent or disqualified member
at any meeting of such committee. If a member of a committee shall be absent from any meeting, or disqualified from voting thereat,
the remaining member or members present at the meeting and not disqualified from voting, whether or not such member or members
constitute a quorum, may, by a unanimous vote, appoint another member of the Board to act at the meeting in the place of any such
absent or disqualified member. Any such committee, to the extent permitted by applicable Law, shall have and may exercise all
the powers and authority of the Board in the management of the business and affairs of the Corporation and may authorize the seal
of the Corporation to be affixed to all papers that may require it to the extent so authorized by the Board. Unless the Board
provides otherwise, at all meetings of such committee, a majority of the then authorized members of the committee shall constitute
a quorum for the transaction of business, and the vote of a majority of the members of the committee present at any meeting at
which there is a quorum shall be the act of the committee. Each committee shall keep regular minutes of its meetings. Unless the
Board provides otherwise, each committee designated by the Board may make, alter and repeal rules and procedures for the conduct
of its business. In the absence of such rules and procedures each committee shall conduct its business in the same manner as the
Board conducts its business pursuant to Article III.</FONT></P>

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

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">5.1
<U>Positions; Election</U>. The officers of the Corporation shall be a Chairman, a Chief Executive Officer, a President or number
of Presidents, a Secretary, a Treasurer and any other officers as the Board may elect from time to time, who shall exercise such
powers and perform such duties as shall be determined by the Board from time to time. Any number of offices may be held by the
same person.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">5.2
<U>Term of Office</U>. Each officer of the Corporation shall hold office until such officer&rsquo;s successor is elected and qualifies
or until such officer&rsquo;s earlier death, resignation or removal. Any officer may resign at any time upon written notice to
the Corporation. Such resignation shall take effect at the date of receipt of such notice or at such later time as is therein
specified. The resignation of an officer shall be without prejudice to the contract rights of the Corporation, if any. Any officer
may be removed at any time with or without cause by the Board. Any vacancy occurring in any office of the Corporation may be filled
by the Board. The election or appointment of an officer shall not of itself create contract rights.</FONT></P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">5.3
<U>Chairman</U>. The Chairman shall preside at all meetings of the Board and shall exercise such powers and perform such other
duties as shall be determined from time to time by the Board.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">5.4
<U>Chief Executive Officer</U>. The Chief Executive Officer shall be the principal executive officer of the Corporation and, subject
to the control of the Board, shall in general determine the direction and goals of the Corporation and supervise and control all
of the business, operations and affairs of the Corporation. The Chief Executive Officer shall have authority, subject to such
rules as may be prescribed by the Board, to appoint such agents and employees of the Corporation as the Chief Executive Officer
may deem necessary, to prescribe their powers and duties, and to delegate authority to them. Such agents and employees shall hold
office at the discretion of the Chief Executive Officer. The Chief Executive Officer shall have authority, co-equal with the Chairman
of the Board, to sign, execute and acknowledge, on behalf of the Corporation, all deeds, mortgages, bonds, stock certificates,
contracts, leases, reports and all other documents or instruments necessary or proper to be executed in the course of the Corporation&rsquo;s
regular business, or which shall be authorized by resolution of the Board; and, except as otherwise provided by any applicable
Law or by the Board, the Chief Executive Officer may authorize any President or Vice President or any other officer or agent of
the Corporation to sign, execute and acknowledge such documents or instruments in the Chief Executive Officer&rsquo;s place and
stead.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">5.5
<U>President</U>. The President (or in the event there is more than one President, reference under these By-Laws shall refer to
any President (to the extent the context requires)) shall have general supervision over the business of the Corporation and other
duties incident to the office of President, and any other duties as may from time to time be assigned to the President by the
Chief Executive Officer or the Board and subject to the control of the Chief Executive Officer or the Board in each case. The
President may sign and execute in the name of the Corporation deeds, mortgages, bonds, contracts and other instruments, except
in cases in which the signing and execution thereof shall be expressly delegated by the Board or by these By-laws to some other
officer or agent of the Corporation, or shall be required by applicable Law otherwise to be signed or executed.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">5.6
<U>Vice Presidents</U>. Vice Presidents shall have the duties incident to the office of Vice President and any other duties that
may from time to time be assigned to the Vice President by the Chief Executive Officer, the President or the Board. Any Vice President
may sign and execute in the name of the Corporation deeds, mortgages, bonds, contracts or other instruments, except in cases in
which the signing and execution thereof shall be expressly delegated by the Board or by these By-laws to some other officer or
agent of the Corporation, or shall be required by applicable Law otherwise to be signed or executed.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">5.7
<U>Secretary</U>. The Secretary shall attend all meetings of the Board and of the Stockholders, record all the proceedings of
the meetings of the Board and of the Stockholders in a book to be kept for that purpose and perform like duties for committees
of the Board, when required. The Secretary shall give, or cause to be given, notice of all special meetings of the Board and of
the Stockholders and perform such other duties as may be prescribed by the Board or by the President. The Secretary shall have
custody of the corporate seal of the Corporation, and the Secretary or an Assistant Secretary, shall have authority to affix the
same on any instrument that may require it, and when so affixed, the seal may be attested by the signature of the Secretary or
by the signature of such Assistant Secretary. The Board may give general authority to any other officer to affix the seal of the
Corporation and to attest the same by such officer&rsquo;s signature. The Secretary or an Assistant Secretary may also attest
all instruments signed by the Chief Executive Officer, the President, the Treasurer or any Vice President. The Secretary shall
have charge of all the books, records and papers of the Corporation relating to its organization and management, see that the
reports, statements and other documents required by applicable Law are properly kept and filed and, in general, perform all duties
incident to the office of Secretary of a corporation and such other duties as may from time to time be assigned to the Secretary
by the Board, the Chief Executive Officer or the President.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">5.8
<U>Treasurer</U>. The Treasurer shall have charge and custody of, and be responsible for, all funds, securities and notes of the
Corporation, receive and give receipts for moneys due and payable to the Corporation from any sources whatsoever, deposit all
such moneys and valuable effects in the name and to the credit of the Corporation in such depositaries as may be designated by
the Board, against proper vouchers, cause such funds to be disbursed by checks or drafts on the authorized depositaries of the
Corporation signed in such manner as shall be determined by the Board and be responsible for the accuracy of the amounts of all
moneys so disbursed, regularly enter or cause to be entered in books or other records maintained for the purpose full and adequate
account of all moneys received or paid for the account of the Corporation, have the right to require from time to time reports
or statements giving such information as the Treasurer may desire with respect to any and all financial transactions of the Corporation
from the officers or agents transacting the same, render to the Chief Executive Officer, the President or the Board, whenever
the Chief Executive Officer, the President or the Board shall require the Treasurer so to do, an account of the financial condition
of the Corporation and of all financial transactions of the Corporation, disburse the funds of the Corporation as ordered by the
Board and, in general, perform all duties incident to the office of Treasurer of a corporation and such other duties as may from
time to time be assigned to the Treasurer by the Board, the Chief Executive Officer or the President.</FONT></P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">5.9
<U>Assistant Secretaries and Assistant Treasurers</U>. Assistant Secretaries and Assistant Treasurers shall perform such duties
as shall be assigned to them by the Secretary or by the Treasurer, respectively, or by the Board, the Chief Executive Officer
or the President.</FONT></P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"><U>INDEMNIFICATION
AND ADVANCEMENT OF EXPENSES</U></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">6.1
<U>Right to Indemnification</U>. The Corporation shall indemnify and hold harmless, to the fullest extent permitted by applicable
Law as it presently exists or may hereafter be amended, any person (a &ldquo;<U>Covered Person</U>&rdquo;) who was or is a party
or is threatened to be made a party to any threatened, pending or completed action, suit or proceeding, whether civil, criminal,
administrative or investigative (a &ldquo;<U>Proceeding</U>&rdquo;), by reason of the fact that he or she, or a person for whom
he or she is the legal representative, is or was a director or officer of the Corporation or, while a director or officer of the
Corporation, is or was serving at the request of the Corporation as a director, officer, employee or agent of another entity or
enterprise, including service with respect to employee benefit plans, against all liability and loss suffered and expenses (including
attorneys&rsquo; fees) reasonably incurred by such Covered Person. Notwithstanding the preceding sentence, except as otherwise
provided in Section 6.3, the Corporation shall be required to indemnify a Covered Person in connection with a Proceeding (or part
thereof) commenced by such Covered Person only if the commencement of such Proceeding (or part thereof) by the Covered Person
was authorized by the Board.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">6.2
<U>Advancement of Expenses</U>. To the extent not prohibited by applicable Law, the Corporation shall pay the expenses (including
attorneys&rsquo; fees) incurred by a Covered Person in defending any Proceeding in advance of its final disposition; <U>provided</U>,
<U>however</U>, that, to the extent required by applicable Law, such payment of expenses in advance of the final disposition of
the Proceeding shall be made only upon receipt of an undertaking by the Covered Person to repay all amounts advanced if it should
be ultimately determined that the Covered Person is not entitled to be indemnified under this Article VI or otherwise.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">6.3
<U>Claims</U>.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(A)
To the extent not prohibited by applicable Law, if a claim for indemnification or advancement of expenses under this Article VI
is not paid in full within 30 days after a written claim therefor by the Covered Person has been received by the Corporation,
the Covered Person may file suit to recover the unpaid amount of such claim and, if successful in whole or in part, shall be entitled
to be paid the expense of prosecuting such claim. To the extent not prohibited by applicable Law, in any such action the Corporation
shall have the burden of proving that the Covered Person is not entitled to the requested indemnification or advancement of expenses
under applicable Law.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(B)
In any suit brought by a Covered Person seeking to enforce a right to indemnification hereunder (but not a suit brought by a Covered
Person seeking to enforce a right to an advancement of expenses hereunder), it shall be a defense that the Covered Person seeking
to enforce a right to indemnification has not met any applicable standard for indemnification under applicable Law. With respect
to any suit brought by a Covered Person seeking to enforce a right to indemnification or right to advancement of expenses hereunder
or any suit brought by the Corporation to recover an advancement of expenses (whether pursuant to the terms of an undertaking
or otherwise), neither (i) the failure of the Corporation to have made a determination prior to commencement of such suit that
indemnification of such Covered Person is proper in the circumstances because such Covered Person has met the applicable standards
of conduct under applicable law, nor (ii) an actual determination by the Corporation that such Covered Person has not met such
applicable standards of conduct, shall create a presumption that such Covered Person has not met the applicable standards of conduct
or, in a case brought by such Covered Person seeking to enforce a right to indemnification, be a defense to such suit.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(C)
In any suit brought by a Covered Person seeking to enforce a right to indemnification or to an advancement of expenses hereunder,
or by the Corporation to recover an advancement of expenses (whether pursuant to the terms of an undertaking or otherwise), the
burden shall be on the Corporation to prove that the Covered Person seeking to enforce a right to indemnification or to an advancement
of expenses or the Covered Person from whom the Corporation seeks to recover an advancement of expenses is not entitled to be
indemnified, or to such an advancement of expenses, under this Article VI or otherwise.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">6.4
<U>Nonexclusivity of Rights</U>. The rights conferred on any Covered Person by this Article VI shall not be exclusive of any other
rights that such Covered Person may have or hereafter acquire under any statute, provision of these By-laws, the Certificate of
Incorporation, agreement, vote of Stockholders or disinterested Directors or otherwise.</FONT></P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">6.5
<U>Other Sources</U>. The Corporation&rsquo;s obligation, if any, to indemnify or to advance expenses to any Covered Person who
was or is serving at its request as a director, officer, employee or agent of another entity or enterprise shall be reduced by
any amount such Covered Person actually collects as indemnification or advancement of expenses from such other entity or enterprise;
<U>provided</U>, <U>however</U>, that no Covered Person shall be required to seek recovery from any other entity or enterprise.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">6.6
<U>Amendment or Repeal</U>. Notwithstanding anything to the contrary contained herein, any repeal or amendment of this Article
VI by changes in Law (or otherwise), or the adoption of any other provision of these By-laws inconsistent with this Article VI,
will, unless otherwise required by Law, be prospective only (except to the extent such amendment or change in Law permits the
Corporation to provide broader rights on a retroactive basis than permitted prior thereto), and will not in any way diminish or
adversely affect any right or protection of a Covered Person existing at the time of such repeal or amendment or adoption of such
inconsistent provision in respect of any act or omission occurring prior to such repeal or amendment or adoption of such inconsistent
provision, regardless of when the applicable action, suit or proceeding in respect of which such right or protection is sought
is commenced and regardless of when such right or protection is sought.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">6.7
<U>Other Indemnification and Prepayment of Expenses</U>. This Article VI shall not limit the right of the Corporation, to the
extent and in the manner permitted by applicable Law, to indemnify and to advance expenses to persons other than Covered Persons
when and as authorized by appropriate corporate action.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">6.8
<U>Exclusive Forum</U>. Unless the Corporation consents in writing to the selection of an alternative forum, the sole and exclusive
forum for (A) any derivative action or proceeding brought on behalf of the Corporation, (B) any action asserting a claim of breach
of a fiduciary duty owed by any director, officer, employee or agent of the Corporation to the Corporation or the Corporation&rsquo;s
stockholders, (C) any action asserting a claim arising pursuant to any provision of the General Corporation Law of the State of
Delaware, the Certificate of Incorporation, these By-law (in each case, as the same may be amended from time to time) or any other
law applicable to the Corporation, or (D) any action asserting a claim governed by the internal affairs doctrine, shall be the
Court of Chancery of the State of Delaware. If the Court of Chancery of the State of Delaware lacks jurisdiction over such action
or proceeding, the sole and exclusive forum for such action proceeding shall be another court of the State of Delaware or, if
no court of the State of Delaware has jurisdiction, then the federal district court for the District of Delaware. Any person who,
or entity that, holds, purchases or otherwise acquires an interest in stock of the Corporation (including any &ldquo;beneficial
owner&rdquo;, within the meaning of Section 13(d) of the Exchange Act) shall be deemed (A) to have notice of, and to have consented
to and agreed to comply with, the provisions of this By-law, and (B) to have consented to the personal jurisdiction of the Court
of Chancery of the State of Delaware (or if the Court of Chancery does not have jurisdiction, another court of the State of Delaware,
or if no court of the State of Delaware has jurisdiction, the federal district court for the District of Delaware) in any proceeding
brought to enjoin any action by that person or entity that is inconsistent with the exclusive jurisdiction provided for in this
By-law. If any action subject matter of which is within the scope of this By-law is filed in a court other than as specified above
in the name of any stockholder, such stockholder shall be deemed to have consented to (A) the personal jurisdiction of the Court
of Chancery of the State of Delaware, another court in the State of Delaware or the federal district court in the District of
Delaware, as appropriate, in connection with any action brought in any such court to enforce this By-law and (B) having service
of process made upon such stockholder in any such action by service upon such stockholder&rsquo;s counsel in the action as agent
for such stockholder.</FONT></P>

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

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">7.1
<U>Certificates Representing Shares</U>. Shares of stock of the Corporation may be represented by certificates, and shares may
be uncertificated shares that may be evidenced by a book-entry system maintained by the registrar of such stock, or a combination
of both. If shares are represented by certificates (if any) such certificates shall be in the form approved by the Board. The
certificates representing shares of stock of each class shall be signed by, or in the name of, the Corporation by the Chairman,
the President or any Vice President, and by the Secretary, any Assistant Secretary, the Treasurer or any Assistant Treasurer.
Any or all such signatures may be facsimiles. Although any officer, transfer agent or registrar whose manual or facsimile signature
is affixed to such a certificate ceases to be such officer, transfer agent or registrar before such certificate has been issued,
it may nevertheless be issued by the Corporation with the same effect as if such officer, transfer agent or registrar were still
such at the date of its issue.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">7.2
<U>Transfer and Registry Agents</U>. The Corporation may from time to time maintain one or more transfer offices or agents and
registry offices or agents at such place or places as may be determined from time to time by the Board.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">7.3
<U>Lost, Stolen or Destroyed Certificates</U>. The Corporation may issue a new certificate of stock in the place of any certificate
theretofore issued by it, alleged to have been lost, stolen or destroyed, and the Corporation may require the owner of</FONT></P>

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

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

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    <!-- Field: /Page -->

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt; text-align: justify"><FONT STYLE="font-size: 10pt">the
lost, stolen or destroyed certificate or his or her legal representative to give the Corporation a bond sufficient to indemnify
it against any claim that may be made against it on account of the alleged loss, theft or destruction of any such certificate
or the issuance of such new certificate.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">7.4
<U>Form of Records</U>. Any records maintained by the Corporation in the regular course of its business, including its stock ledger,
books of account and minute books, may be maintained on any information storage device or method; provided that the records so
kept can be converted into clearly legible paper form within a reasonable time. The Corporation shall so convert any records so
kept upon the request of any person entitled to inspect such records pursuant to applicable Law.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">7.5
<U>Seal</U>. The corporate seal shall have the name of the Corporation inscribed thereon and shall be in such form as may be approved
from time to time by the Board. The seal may be used by causing it or a facsimile thereof to be impressed or affixed or otherwise
reproduced.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">7.6
<U>Fiscal Year</U>. The fiscal year of the Corporation shall be determined by the Board.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">7.7
<U>Amendments</U>. Except as otherwise expressly provided for herein, these By-laws may be amended or repealed and new By-laws
may be adopted by the Board; <U>provided</U>, that the Stockholders may make additional By-laws and may alter and repeal any By-laws
whether such By-laws were originally adopted by them or otherwise.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">7.8
<U>Conflict with Applicable Law or Certificate of Incorporation</U>. These By-laws are adopted subject to any applicable Law and
the Certificate of Incorporation. Whenever these By-laws may conflict with any applicable Law or the Certificate of Incorporation,
such conflict shall be resolved in favor of such Law or the Certificate of Incorporation.</FONT></P>

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



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

<P STYLE="margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

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<P STYLE="margin: 0"><FONT STYLE="font-size: 10pt"></FONT></P>

<P STYLE="margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P></P>



<P STYLE="margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

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

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

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt">Surviving
Corporation Charter</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


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

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

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

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

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

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

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

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">[SURVIVING
CORPORATION] (the &ldquo;<U>Corporation</U>&rdquo;), a corporation organized and existing under the laws of the State of Delaware,
DOES HEREBY CERTIFY AS FOLLOWS:</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">FIRST.
The name of the Corporation is [Surviving Corporation]. A Certificate of Amendment to the Certificate of Incorporation of the
Corporation changing the name of the Corporation from [Saturn] Brands Holdings, Inc. to [Surviving Corporation] was filed with
the Secretary of State of the State of Delaware on [&#9679;], 2018.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">SECOND.
The address of the Corporation&rsquo;s registered office is 251 Little Falls Drive, Wilmington, New Castle County, Delaware 19808&#894;
and the name of its registered agent at such address is Corporation Service Company.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">THIRD.
The purpose of the Corporation is to engage in any lawful act or activity for which corporations may be organized under the General
Corporation Law of the State of Delaware (the &ldquo;<U>DGCL</U>&rdquo;).</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">FOURTH.
The total number of shares of stock which the corporation shall have authority to issue is [&#9679;]. All such shares are to be
Common Stock, par value of $0.01 per share, and are to be of one class.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">FIFTH.
In furtherance and not in limitation of the powers conferred by the laws of the State of Delaware, the board of directors of the
Corporation (the &ldquo;Board of Directors&rdquo;) is expressly authorized to make, alter and repeal the by-laws of the Corporation.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">SIXTH.
The Corporation expressly elects not to be governed by Section 203 of the DGCL.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">SEVENTH.
To the fullest extent permitted under the DGCL, as amended from time to time, no director shall be personally liable to the Corporation
or the stockholders for monetary damages for breach of fiduciary duty as a director. Notwithstanding anything to the contrary
contained herein, any repeal or amendment of this article or by changes in law, or the adoption of any other provision of this
Certificate inconsistent with this article, will, unless otherwise required by law, be prospective only, and will not in any way
diminish or adversely affect any right or protection of a director existing at the time of such repeal or amendment or adoption
of such inconsistent provision in respect of any act or omission occurring prior to such repeal or amendment or adoption of such
inconsistent provision.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">EIGHTH.
Any action required or permitted to be taken by the Board of Directors may be taken without a meeting if the members of the Board
of Directors that would constitute a quorum pursuant to the bylaws consent in writing or by electronic transmission to the adoption
of a resolution authorizing the action. The resolutions, written consents or electronic transmissions of the members of the Board
of Directors shall be filed with the minutes of the proceeding of the Board of Directors. Such filing shall be in paper form if
the minutes are maintained in paper form and shall be in electronic form if the minutes are maintained in electronic form.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt"></FONT></P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">NINTH.
Pursuant to Section 141 of the DGCL, the business and affairs of the Corporation shall be managed by or under the direction and
supervision of the Board of Directors, however, the day to day management of the Corporation shall be delegated to the officers
of the Corporation as set forth in a delegation of authority approved by the Board of Directors.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">TENTH.
The Corporation reserves the right at any time, and from time to time, to amend, alter, change or repeal any provision contained
in this Certificate, and other provisions authorized by the laws of the State of Delaware at the time in force may be added or
inserted, in the manner now or hereafter prescribed by law; and all rights, preferences and privileges of any nature conferred
upon stockholders, directors or any other persons by and pursuant to this Certificate in its present form or as hereafter amended
are granted subject to the rights reserved in this article.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">IN
WITNESS HEREOF, the undersigned has caused this Certificate to be duly executed in its corporate name by its duly authorized officer.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">Dated [&#9679;], 2018</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="width: 59%">&nbsp;</TD>
    <TD STYLE="width: 41%; border-bottom: Black 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>Name</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">Title:</TD></TR>
</TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"></FONT></P>

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



<P STYLE="margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

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

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

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

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt">Surviving
Corporation Bylaws<BR STYLE="clear: both"></FONT></P>

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

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

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

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

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

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

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

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

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

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

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt; font-weight: normal">[SURVIVING
CORPORATION] </FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt; font-weight: normal">A
Delaware Corporation (&ldquo;the <U>Corporation</U>&rdquo;)</FONT></P>

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

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

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

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

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"><U>Meetings
of Stockholders </U></FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">Section
1.1. <U>Annual Meetings</U>. If required by applicable law, an annual meeting of stockholders shall be held for the election of
directors at such date, time and place, if any, either within or without the State of Delaware, as may be designated by resolution
of the Board of Directors from time to time. Any other proper business may be transacted at the annual meeting. The Corporation
may postpone, reschedule or cancel any annual meeting of stockholders previously scheduled by the Board of Directors.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">Section
1.2. <U>Special Meetings</U>. Special meetings of stockholders for any purpose or purposes may be called at any time by the Board
of Directors, but such special meetings may not be called by any other person or persons. Business transacted at any special meeting
of stockholders shall be limited to the purposes stated in the notice. The Corporation may postpone, reschedule or cancel any
special meeting of stockholders previously scheduled by the Board of Directors.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">Section
1.3. <U>Notice of Meetings</U>. Whenever stockholders are required or permitted to take any action at a meeting, a notice of the
meeting shall be given that shall state the place, if any, date and hour of the meeting, the means of remote communications, if
any, by which stockholders and proxy holders may be deemed to be present in person and vote at such meeting, the record date for
determining the stockholders entitled to vote at the meeting (if such date is different from the record date for stockholders
entitled to notice of the meeting) and, in the case of a special meeting, the purpose or purposes for which the meeting is called.
Unless otherwise provided by law, the certificate of incorporation or these bylaws, the notice of any meeting shall be given not
less than ten (10) nor more than sixty (60) days before the date of the meeting to each stockholder entitled to vote at the meeting
as of the record date for determining the stockholders entitled to notice of the meeting. If mailed, such notice shall be deemed
to be given when deposited in the United States mail, postage prepaid, directed to the stockholder at such stockholder's address
as it appears on the records of the Corporation.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">Section
1.4. <U>Adjournments</U>. Any meeting of stockholders, annual or special, may adjourn from time to time to reconvene at the same
or some other place, and notice need not be given of any such adjourned meeting if the time and place thereof are announced at
the meeting</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt"></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt; text-align: justify"><FONT STYLE="font-size: 10pt">at
which the adjournment is taken. At the adjourned meeting the Corporation may transact any business which might have been transacted
at the original meeting. If the adjournment is for more than thirty (30) days, a notice of the adjourned meeting shall be given
to each stockholder of record entitled to vote at the meeting. If after the adjournment a new record date for determination of
stockholders entitled to vote is fixed for the adjourned meeting, the Board of Directors shall fix as the record date for determining
stockholders entitled to notice of such adjourned meeting the same or an earlier date as that fixed for determination of stockholders
entitled to vote at the adjourned meeting, and shall give notice of the adjourned meeting to each stockholder of record as of
the record date so fixed for notice of such adjourned meeting.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">Section
1.5. <U>Quorum</U>. Except as otherwise provided by law, the certificate of incorporation or these bylaws, at each meeting of
stockholders the presence in person or by proxy of the holders of a majority in voting power of the outstanding shares of stock
entitled to vote at the meeting shall be necessary and sufficient to constitute a quorum. In the absence of a quorum, the stockholders
so present may, by a majority in voting power thereof, adjourn the meeting from time to time in the manner provided in Section
1.4 of these bylaws until a quorum shall attend. Shares of its own stock belonging to the Corporation or to another corporation,
if a majority of the shares entitled to vote in the election of directors of such other corporation is held, directly or indirectly,
by the Corporation, shall neither be entitled to vote nor be counted for quorum purposes; provided, however, that the foregoing
shall not limit the right of the Corporation or any subsidiary of the Corporation to vote stock, including but not limited to
its own stock, held by it in a fiduciary capacity.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">Section
1.6. <U>Organization</U>. Meetings of stockholders shall be presided over by the Chairperson of the Board, if any, or in his or
her absence by the Vice Chairperson of the Board, if any, or in his or her absence by the President, or in his or her absence
by a Vice President, or in the absence of the foregoing persons by a chairperson designated by the Board of Directors, or in the
absence of such designation by a chairperson chosen at the meeting. The Secretary shall act as secretary of the meeting, but in
his or her absence the chairperson of the meeting may appoint any person to act as secretary of the meeting.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">Section
1.7. <U>Voting; Proxies</U>. Except as otherwise provided by or pursuant to the provisions of the certificate of incorporation,
each stockholder entitled to vote at any meeting of stockholders shall be entitled to one vote for each share of stock held by
such stockholder which has voting power upon the matter in question. Each stockholder entitled to vote at a meeting of stockholders
or to express consent to corporate action in writing without a meeting may authorize another person or persons to act for such
stockholder by proxy, but no such proxy shall be voted or acted upon after three years from its date, unless the proxy provides
for a longer period. A proxy shall be irrevocable if it states that it is irrevocable and if, and only as long as, it is coupled
with an interest sufficient in law to support an irrevocable power. A stockholder may revoke any proxy which is not irrevocable
by attending the meeting and voting in person or by delivering to the Secretary of the Corporation a revocation of the proxy or
a new proxy bearing a later date. Voting at meetings of stockholders need not be by written ballot. At all meetings of stockholders
for the election of directors at which a quorum is present a plurality of the votes cast shall be sufficient to elect. All other
elections and questions presented to the stockholders at a meeting at which a quorum is present shall, unless a different or minimum
vote is required by the certificate of incorporation, these bylaws, the rules or regulations of any stock exchange applicable
to the Corporation, or any law or regulation applicable to the Corporation or its</FONT></P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt; text-align: justify"><FONT STYLE="font-size: 10pt">securities,
in which case such different or minimum vote shall be the applicable vote on the matter, be decided by the affirmative vote of
the holders of a majority in voting power of the shares of stock of the Corporation which are present in person or by proxy and
entitled to vote thereon.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">Section
1.8. <U>Fixing Date for Determination of Stockholders of Record</U>.</FONT></P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
order that the Corporation may determine the stockholders entitled to notice of any meeting of stockholders or any adjournment
thereof, the Board of Directors may fix a record date, which record date shall not precede the date upon which the resolution
fixing the record date is adopted by the Board of Directors, and which record date shall, unless otherwise required by law, not
be more than sixty (60) nor less than ten (10) days before the date of such meeting. If the Board of Directors so fixes a date,
such date shall also be the record date for determining the stockholders entitled to vote at such meeting unless the Board of
Directors determines, at the time it fixes such record date, that a later date on or before the date of the meeting shall be the
date for making such determination. If no record date is fixed by the Board of Directors, the record date for determining stockholders
entitled to notice of or to vote at a meeting of stockholders shall be at the close of business on the day next preceding the
day on which notice is given, or, if notice is waived, at the close of business on the day next preceding the day on which the
meeting is held. A determination of stockholders of record entitled to notice of or to vote at a meeting of stockholders shall
apply to any adjournment of the meeting; provided, however, that the Board of Directors may fix a new record date for determination
of stockholders entitled to vote at the adjourned meeting, and in such case shall also fix as the record date for stockholders
entitled to notice of such adjourned meeting the same or an earlier date as that fixed for determination of stockholders entitled
to vote in accordance herewith at the adjourned meeting.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
order that the Corporation may determine the stockholders entitled to receive payment of any dividend or other distribution or
allotment of any rights, or entitled to exercise any rights in respect of any change, conversion or exchange of stock or for the
purpose of any other lawful action, the Board of Directors may fix a record date, which record date shall not precede the date
upon which the resolution fixing the record date is adopted, and which record date shall not be more than sixty (60) days prior
to such action. If no such record date is fixed, the record date for determining stockholders for any such purpose shall be at
the close of business on the day on which the Board of Directors adopts the resolution relating thereto.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Unless
otherwise restricted by the certificate of incorporation, in order that the Corporation may determine the stockholders entitled
to express consent to corporate action in writing without a meeting, the Board of Directors may fix a record date, which record
date shall not precede the date upon which the resolution fixing the record date is adopted by the Board of Directors, and which
record date shall not be more than ten (10) days after the date upon which the resolution fixing the record date is adopted by
the Board of Directors. If no record date for determining stockholders entitled to express consent to corporate action in writing
without a meeting is fixed by the Board of Directors, (i) when no prior action of the Board of Directors is required by law, the
record date for such purpose shall be the first date on which a signed written consent setting forth the action taken or proposed
to be taken is delivered to the Corporation in accordance with applicable law, and (ii) if prior action by the Board of Directors
is required by</FONT></P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt; text-align: justify"><FONT STYLE="font-size: 10pt">law,
the record date for such purpose shall be at the close of business on the day on which the Board of Directors adopts the resolution
taking such prior action.</FONT></P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">Section
1.9. <U>List of Stockholders Entitled to Vote</U>. The Corporation shall prepare, at least ten (10) days before every meeting
of stockholders, a complete list of the stockholders entitled to vote at the meeting (provided, however, if the record date for
determining the stockholders entitled to vote is less than ten (10) days before the date of the meeting, the list shall reflect
the stockholders entitled to vote as of the tenth day before the meeting date), arranged in alphabetical order, and showing the
address of each stockholder and the number of shares registered in the name of each stockholder. Such list shall be open to the
examination of any stockholder for any purpose germane to the meeting at least ten (10) days prior to the meeting (i) on a reasonably
accessible electronic network, provided that the information required to gain access to such list is provided with the notice
of meeting or (ii) during ordinary business hours at the principal place of business of the Corporation. If the meeting is to
be held at a place, then a list of stockholders entitled to vote at the meeting shall be produced and kept at the time and place
of the meeting during the whole time thereof and may be examined by any stockholder who is present. If the meeting is to be held
solely by means of remote communication, then the list shall also be open to the examination of any stockholder during the whole
time of the meeting on a reasonably accessible electronic network, and the information required to access such list shall be provided
with the notice of the meeting. Except as otherwise provided by law, the stock ledger shall be the only evidence as to who are
the stockholders entitled to examine the list of stockholders required by this Section 1.9 or to vote in person or by proxy at
any meeting of stockholders.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">Section
1.10. <U>Action By Written Consent of Stockholders</U>. Unless otherwise restricted by the certificate of incorporation, any action
required or permitted to be taken at any annual or special meeting of the stockholders may be taken without a meeting, without
prior notice and without a vote, if a consent or consents in writing, setting forth the action so taken, shall be signed by the
holders of outstanding stock having not less than the minimum number of votes that would be necessary to authorize or take such
action at a meeting at which all shares entitled to vote thereon were present and voted and shall be delivered to the Corporation
by delivery to its registered office in the State of Delaware, its principal place of business, or an officer or agent of the
Corporation having custody of the book in which minutes of proceedings of stockholders are recorded. Delivery made to the Corporation's
registered office shall be by hand or by certified or registered mail, return receipt requested. Prompt notice of the taking of
the corporate action without a meeting by less than unanimous written consent shall, to the extent required by law, be given to
those stockholders who have not consented in writing and who, if the action had been taken at a meeting, would have been entitled
to notice of the meeting if the record date for notice of such meeting had been the date that written consents signed by a sufficient
number of holders to take the action were delivered to the Corporation.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">Section
1.11. <U>Inspectors of Election</U>. The Corporation may, and shall if required by law, in advance of any meeting of stockholders,
appoint one or more inspectors of election, who may be employees of the Corporation, to act at the meeting or any adjournment
thereof and to make a written report thereof. The Corporation may designate one or more persons as alternate inspectors to replace
any inspector who fails to act. In the event that no inspector so appointed or designated is able to act at a meeting of stockholders,
the person presiding at the meeting shall appoint one or more inspectors to act at the meeting. Each inspector, before</FONT></P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt; text-align: justify"><FONT STYLE="font-size: 10pt">entering
upon the discharge of his or her duties, shall take and sign an oath to execute faithfully the duties of inspector with strict
impartiality and according to the best of his or her ability. The inspector or inspectors so appointed or designated shall (i)
ascertain the number of shares of capital stock of the Corporation outstanding and the voting power of each such share, (ii) determine
the shares of capital stock of the Corporation represented at the meeting and the validity of proxies and ballots, (iii) count
all votes and ballots, (iv) determine and retain for a reasonable period a record of the disposition of any challenges made to
any determination by the inspectors, and (v) certify their determination of the number of shares of capital stock of the Corporation
represented at the meeting and such inspectors&rsquo; count of all votes and ballots. Such certification and report shall specify
such other information as may be required by law. In determining the validity and counting of proxies and ballots cast at any
meeting of stockholders of the Corporation, the inspectors may consider such information as is permitted by applicable law. No
person who is a candidate for an office at an election may serve as an inspector at such election.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section
1.12. <U>Conduct of Meetings</U>. The date and time of the opening and the closing of the polls for each matter upon which the
stockholders will vote at a meeting shall be announced at the meeting by the person presiding over the meeting. The Board of Directors
may adopt by resolution such rules and regulations for the conduct of the meeting of stockholders as it shall deem appropriate.
Except to the extent inconsistent with such rules and regulations as adopted by the Board of Directors, the person presiding over
any meeting of stockholders shall have the right and authority to convene and (for any or no reason) to recess and/or adjourn
the meeting, to prescribe such rules, regulations and procedures and to do all such acts as, in the judgment of such presiding
person, are appropriate for the proper conduct of the meeting. Such rules, regulations or procedures, whether adopted by the Board
of Directors or prescribed by the presiding person of the meeting, may include, without limitation, the following: (i) the establishment
of an agenda or order of business for the meeting; (ii) rules and procedures for maintaining order at the meeting and the safety
of those present; (iii) limitations on attendance at or participation in the meeting to stockholders entitled to vote at the meeting,
their duly authorized and constituted proxies or such other persons as the presiding person of the meeting shall determine; (iv)
restrictions on entry to the meeting after the time fixed for the commencement thereof; and (v) limitations on the time allotted
to questions or comments by participants. The presiding person at any meeting of stockholders, in addition to making any other
determinations that may be appropriate to the conduct of the meeting, shall, if the facts warrant, determine and declare to the
meeting that a matter or business was not properly brought before the meeting and if such presiding person should so determine,
such presiding person shall so declare to the meeting and any such matter or business not properly brought before the meeting
shall not be transacted or considered. Unless and to the extent determined by the Board of Directors or the person presiding over
the meeting, meetings of stockholders shall not be required to be held in accordance with the rules of parliamentary procedure.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


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

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"><U>Board
of Directors</U></FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">Section
2.1. <U>Number; Qualifications</U>. The Board of Directors shall consist of one or more members, the number thereof to be determined
from time to time by resolution of the Board of Directors. Directors need not be stockholders.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">Section
2.2. <U>Election; Resignation; Vacancies</U>. The Board of Directors shall initially consist of the persons named as directors
in the certificate of incorporation or elected by the incorporator of the Corporation, and each director so elected shall hold
office until the first annual meeting of stockholders or until his or her successor is duly elected and qualified. At the first
annual meeting of stockholders and at each annual meeting thereafter, the stockholders shall elect directors each of whom shall
hold office for a term of one year or until his or her successor is duly elected and qualified, subject to such director&rsquo;s
earlier death, resignation, disqualification or removal. Any director may resign at any time upon notice to the Corporation. Unless
otherwise provided by law or the certificate of incorporation, any newly created directorship or any vacancy occurring in the
Board of Directors for any cause may be filled by a majority of the remaining members of the Board of Directors, although such
majority is less than a quorum, or by a plurality of the votes cast at a meeting of stockholders, and each director so elected
shall hold office until the expiration of the term of office of the director whom he or she has replaced or until his or her successor
is elected and qualified.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">Section
2.3. <U>Regular Meetings</U>. Regular meetings of the Board of Directors may be held at such places within or without the State
of Delaware and at such times as the Board of Directors may from time to time determine.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">Section
2.4. <U>Special Meetings</U>. Special meetings of the Board of Directors may be held at any time or place within or without the
State of Delaware whenever called by the President, any Vice President, the Secretary, or by any member of the Board of Directors.
Notice of a special meeting of the Board of Directors shall be given by the person or persons calling the meeting at least twenty-four
hours before the special meeting.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">Section
2.5. <U>Telephonic Meetings Permitted</U>. Members of the Board of Directors, or any committee designated by the Board of Directors,
may participate in a meeting thereof by means of conference telephone or other communications equipment by means of which all
persons participating in the meeting can hear each other, and participation in a meeting pursuant to this by-law shall constitute
presence in person at such meeting.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">Section
2.6. <U>Quorum; Vote Required for Action</U>. At all meetings of the Board of Directors the directors entitled to cast a majority
of the votes of the whole Board of Directors shall constitute a quorum for the transaction of business. Except in cases in which
the certificate of incorporation, these bylaws or applicable law otherwise provides, a majority of the votes entitled to be cast
by the directors present at a meeting at which a quorum is present shall be the act of the Board of Directors.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">Section
2.7. <U>Organization</U>. Meetings of the Board of Directors shall be presided over by the Chairperson of the Board, if any, or
in his or her absence by the Vice Chairperson of</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt"></P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt; text-align: justify"><FONT STYLE="font-size: 10pt">the
Board, if any, or in his or her absence by the President, or in their absence by a chairperson chosen at the meeting. The Secretary
shall act as secretary of the meeting, but in his or her absence the chairperson of the meeting may appoint any person to act
as secretary of the meeting.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">Section
2.8. <U>Action by Unanimous Consent of Directors</U>. Unless otherwise restricted by the certificate of incorporation or these
bylaws, any action required or permitted to be taken at any meeting of the Board of Directors, or of any committee thereof, may
be taken without a meeting if all members of the Board of Directors or such committee, as the case may be, consent thereto in
writing or by electronic transmission and the writing or writings or electronic transmissions are filed with the minutes of proceedings
of the board or committee in accordance with applicable law.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


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

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

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

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">Section
3.1. <U>Committees</U>. The Board of Directors may designate one or more committees, each committee to consist of one or more
of the directors of the Corporation. The Board of Directors may designate one or more directors as alternate members of any committee,
who may replace any absent or disqualified member at any meeting of the committee. In the absence or disqualification of a member
of the committee, the member or members thereof present at any meeting and not disqualified from voting, whether or not he, she
or they constitute a quorum, may unanimously appoint another member of the Board of Directors to act at the meeting in place of
any such absent or disqualified member. Any such committee, to the extent permitted by law and to the extent provided in the resolution
of the Board of Directors, shall have and may exercise all the powers and authority of the Board of Directors in the management
of the business and affairs of the Corporation, and may authorize the seal of the Corporation to be affixed to all papers which
may require it.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">Section
3.2. <U>Committee Rules</U>. Unless the Board of Directors otherwise provides, each committee designated by the Board of Directors
may make, alter and repeal rules for the conduct of its business. In the absence of such rules each committee shall conduct its
business in the same manner as the Board of Directors conducts its business pursuant to Article II of these bylaws.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


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

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

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

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">Section
4.1. <U>Officers; Election; Qualifications; Term of Office; Resignation; Removal; Vacancies</U>. The Board of Directors shall
elect a President and Secretary, and it may, if it so determines, choose a Chairperson of the Board and a Vice Chairperson of
the Board from among its members. The Board of Directors may also choose one or more Vice Presidents, one or more Assistant Secretaries,
a Treasurer and one or more Assistant Treasurers and such other officers as it shall from time to time deem necessary or desirable.
Each such officer shall hold office until the first meeting of the Board of Directors after the annual meeting of stockholders
next succeeding his or her election, and until his or her successor is elected and qualified or until his or her earlier resignation
or removal. Any officer may resign at any time upon written notice to the Corporation. The Board of Directors may remove any officer
with or without cause at any time, but such removal shall be without prejudice to the contractual rights of such officer, if any,
with the Corporation. Any number of offices may be held by the same person. Any vacancy occurring in any office of the Corporation
by death, resignation, removal or otherwise may be filled for the unexpired portion of the term by the Board of Directors at any
regular or special meeting.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">Section
4.2. <U>Powers and Duties of Officers</U>. The officers of the Corporation shall have such powers and duties in the management
of the Corporation as may be prescribed in a resolution by the Board of Directors and, to the extent not so provided, as generally
pertain to their respective offices, subject to the control of the Board of Directors. The Board of Directors may require any
officer, agent or employee to give security for the faithful performance of his or her duties.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">Section
4.3. <U>Appointing Attorneys and Agents; Voting Securities of Other Entities</U>. Unless otherwise provided by resolution adopted
by the Board of Directors, the Chairperson of the Board, the President or any Vice President may from time to time appoint an
attorney or attorneys or agent or agents of the Corporation, in the name and on behalf of the Corporation, to cast the votes which
the Corporation may be entitled to cast as the holder of stock or other securities in any other Corporation or other entity, any
of whose stock or other securities may be held by the Corporation, at meetings of the holders of the stock or other securities
of such other corporation or other entity, or to consent in writing, in the name of the Corporation as such holder, to any action
by such other corporation or other entity, and may instruct the person or persons so appointed as to the manner of casting such
votes or giving such consents, and may execute or cause to be executed in the name and on behalf of the Corporation and under
its corporate seal or otherwise, all such written proxies or other instruments as he or she may deem necessary or proper. Any
of the rights set forth in this Section 4.3 which may be delegated to an attorney or agent may also be exercised directly by the
Chairperson of the Board, the President or the Vice President.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt"></FONT></P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

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

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

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

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">Section
5.1. <U>Certificates</U>. The shares of the Corporation shall be represented by certificates, provided that the Board of Directors
may provide by resolution or resolutions that some or all of any or all classes or series of stock shall be uncertificated shares.
Any such resolution shall not apply to shares represented by a certificate until such certificate is surrendered to the Corporation.
Every holder of stock represented by certificates shall be entitled to have a certificate signed by or in the name of the Corporation
by any two authorized officers of the Corporation (it being understood that each of the Chairperson of the Board of Directors,
the Vice Chairperson of the Board of Directors, the President, any Vice President, the Treasurer, any Assistant Treasurer, the
Secretary and any Assistant Secretary shall be an authorized officer for such purpose), certifying the number of shares owned
by such holder in the Corporation. Any or all the signatures on the certificate may be a facsimile. In case any officer, transfer
agent or registrar who has signed or whose facsimile signature has been placed upon a certificate shall have ceased to be such
officer, transfer agent, or registrar before such certificate is issued, it may be issued by the Corporation with the same effect
as if such person were such officer, transfer agent, or registrar at the date of issue.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">Section
5.2. <U>Lost, Stolen or Destroyed Stock Certificates; Issuance of New Certificates</U>. The Corporation may issue a new certificate
of stock in the place of any certificate theretofore issued by it, alleged to have been lost, stolen or destroyed, and the Corporation
may require the owner of the lost, stolen or destroyed certificate, or such owner&rsquo;s legal representative, to give the Corporation
a bond sufficient to indemnify it against any claim that may be made against it on account of the alleged loss, theft or destruction
of any such certificate or the issuance of such new certificate.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


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

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

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

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">Section
6.1. <U>Right to Indemnification.</U> The Corporation shall indemnify and hold harmless, to the fullest extent permitted by applicable
law as it presently exists or may hereafter be amended, any person (a &quot;<U>Covered Person</U>&quot;) who was or is a party
or is threatened to be made a party to any threatened, pending or completed action, suit or proceeding, whether civil, criminal,
administrative or investigative (a &quot;<U>Proceeding</U>&quot;), by reason of the fact that he or she, or a person for whom
he or she is the legal representative, is or was a director or officer of the Corporation or, while a director or officer of the
Corporation, is or was serving at the request of the Corporation as a director, officer, employee or agent of another entity or
enterprise, including service with respect to employee benefit plans, against all liability and loss suffered and expenses (including
attorneys' fees) reasonably incurred by such Covered Person. Notwithstanding the preceding sentence, except as otherwise provided
in Section 6.3, the Corporation shall be required to indemnify a Covered Person in connection with a Proceeding (or part thereof)
commenced by such Covered Person only if the commencement of such Proceeding (or part thereof) by the Covered Person was authorized
by the Board.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">Section
6.2. <U>Advancement of Expenses</U>. To the extent not prohibited by applicable law, the Corporation shall pay the expenses (including
attorneys&rsquo; fees) incurred by a Covered Person in defending any proceeding in advance of its final disposition, <U>provided</U>,
<U>however</U>, that, to the extent required by applicable law, such payment of expenses in advance of the final disposition of
the Proceeding shall be made only upon receipt of an undertaking by the Covered Person to repay all amounts advanced if it should
be ultimately determined that the Covered Person is not entitled to be indemnified under this Article VI or otherwise.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">Section
6.3. <U>Claims</U>.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To
the extent not prohibited by applicable law, if a claim for indemnification or advancement of expenses under this Article VI is
not paid in full within 30 days after a written claim therefor by the Covered Person has been received by the Corporation, the
Covered Person may file suit to recover the unpaid amount of such claim and, if successful in whole or in part, shall be entitled
to be paid the expense of prosecuting such claim. To the extent not prohibited by applicable law, in any such action the Corporation
shall have the burden of proving that the Covered Person is not entitled to the requested indemnification or advancement of expenses
under applicable law.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
any suit brought by a Covered Person seeking to enforce a right to indemnification hereunder (but not a suit brought by a Covered
Person seeking to enforce a right to an advancement of expenses hereunder), it shall be a defense that the Covered Person seeking
to enforce a right to indemnification has not met any applicable standard for indemnification under applicable law. With respect
to any suit brought by a Covered Person seeking to enforce a right to indemnification or right to advancement of expenses hereunder
or any suit brought by the Corporation to recover an advancement of expenses (whether pursuant to the terms of an undertaking
or otherwise), neither (i) the failure of the Corporation to have made a determination prior to commencement of such suit that
indemnification of such Covered Person is proper in the circumstances because such Covered Person has met the applicable standards
of conduct under</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt"></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt; text-align: justify"><FONT STYLE="font-size: 10pt">applicable
law, nor (ii) an actual determination by the Corporation that such Covered Person has not met such applicable standards of conduct,
shall create a presumption that such Covered Person has not met the applicable standards of conduct or, in a case brought by such
Covered Person seeking to enforce a right to indemnification, be a defense to such suit.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
any suit brought by a Covered Person seeking to enforce a right to indemnification or to an advancement of expenses hereunder,
or by the Corporation to recover an advancement of expenses (whether pursuant to the terms of an undertaking or otherwise), the
burden shall be on the Corporation to prove that the Covered Person seeking to enforce a right to indemnification or to an advancement
of expenses or the Covered Person from whom the Corporation seeks to recover an advancement of expenses is not entitled to be
indemnified, or to such an advancement of expenses, under this Article VI or otherwise.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">Section
6.4. <U>Nonexclusivity of Rights</U>. The rights conferred on any Covered Person by this Article VI shall not be exclusive of
any other rights that such Covered Person may have or hereafter acquire under any statute, provision of these bylaws, the certificate
of incorporation, agreement, vote of stockholders or disinterested directors or otherwise.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">Section 6.5.
<U>Other Sources</U>. The Corporation's obligation, if any, to indemnify or to advance expenses to any Covered Person who was
or is serving at its request as a director, officer, employee or agent of another entity or enterprise shall be reduced by any
amount such Covered Person actually collects as indemnification or advancement of expenses from such other entity or enterprise&#894;
provided, however, that no Covered Person shall be required to seek recovery from any other entity or enterprise.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">Section
6.6. <U>Amendment or Repeal</U>. Notwithstanding anything to the contrary contained herein, any repeal or amendment of this Article
VI by changes in law (or otherwise), or the adoption of any other provision of these bylaws inconsistent with this Article VI,
will, unless otherwise required by law, be prospective only (except to the extent such amendment or change in law permits the
Corporation to provide broader rights on a retroactive basis than permitted prior thereto), and will not in any way diminish or
adversely affect any right or protection of a Covered Person existing at the time of such repeal or amendment or adoption of such
inconsistent provision in respect of any act or omission occurring prior to such repeal or amendment or adoption of such inconsistent
provision, regardless of when the applicable action, suit or proceeding in respect of which such right or protection is sought
is commenced and regardless of when such right or protection is sought.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">Section
6.7. <U>Other Indemnification and Advancement of Expenses</U>. This Article VI shall not limit the right of the Corporation, to
the extent and in the manner permitted by applicable law, to indemnify and to advance expenses to persons other than Covered Persons
when and as authorized by appropriate corporate action.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


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

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

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

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">Section
7.1. <U>Fiscal Year</U>. The fiscal year of the Corporation shall be determined by resolution of the Board of Directors.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">Section
7.2. <U>Seal</U>. The corporate seal shall have the name of the Corporation inscribed thereon and shall be in such form as may
be approved from time to time by the Board of Directors.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">Section
7.3. <U>Manner of Notice</U>. Except as otherwise provided herein or permitted by applicable law, notices to directors and stockholders
shall be in writing and delivered personally or mailed to the directors or stockholders at their addresses appearing on the books
of the Corporation. Without limiting the manner by which notice otherwise may be given effectively to stockholders, and except
as prohibited by applicable law, any notice to stockholders given by the Corporation under any provision of applicable law, the
certificate of incorporation, or these bylaws shall be effective if given by a single written notice to stockholders who share
an address if consented to by the stockholders at that address to whom such notice is given. Any such consent shall be revocable
by the stockholder by written notice to the Corporation. Any stockholder who fails to object in writing to the Corporation, within
60 days of having been given written notice by the Corporation of its intention to send the single notice permitted under this
Section 7.3, shall be deemed to have consented to receiving such single written notice. Notice to directors may be given by telecopier,
telephone or other means of electronic transmission.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">Section
7.4. <U>Waiver of Notice of Meetings of Stockholders, Directors and Committees</U>. Any waiver of notice, given by the person
entitled to notice, whether before or after the time stated therein, shall be deemed equivalent to notice. Attendance of a person
at a meeting shall constitute a waiver of notice of such meeting, except when the person attends a meeting for the express purpose
of objecting, at the beginning of the meeting, to the transaction of any business because the meeting is not lawfully called or
convened. Neither the business to be transacted at nor the purpose of any regular or special meeting of the stockholders, directors,
or members of a committee of directors need be specified in a waiver of notice.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">Section
7.5. <U>Form of Records</U>. Any records maintained by the Corporation in the regular course of its business, including its stock
ledger, books of account, and minute books, may be kept on, or by means of, or be in the form of, any information storage device
or method, provided that the records so kept can be converted into clearly legible paper form within a reasonable time.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">Section
7.6. <U>Amendment of Bylaws</U>. These bylaws may be altered, amended or repealed, and new bylaws made, by the Board of Directors,
but the stockholders may make additional bylaws and may alter and repeal any bylaws whether adopted by them or otherwise.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>



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<P STYLE="margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="margin: 0">

<P STYLE="margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

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<P STYLE="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"><U>EXHIBIT
E</U></FONT></P>

<P STYLE="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt">Form of Post-Closing
Registration Rights Agreement</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

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

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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT><B>&nbsp;</B></P>

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

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 17.25pt"><FONT STYLE="font-size: 10pt">This REGISTRATION
RIGHTS AGREEMENT, dated as of [<FONT STYLE="font-family: Symbol">&middot;</FONT>], 2018 (this &ldquo;<U>Agreement</U>&rdquo;),
is by and among CF Turul LLC, a Delaware limited liability company (&ldquo;<U>Fortress</U>&rdquo;), Leucadia National Corporation,
a New York corporation (&ldquo;<U>Leucadia</U>&rdquo;), and Spectrum Brands Holdings, Inc., a Delaware corporation (the &ldquo;<U>Company</U>&rdquo;
and together with each of Fortress and Leucadia and any other Shareholder who becomes a party hereto, the &ldquo;<U>Parties</U>&rdquo;
and each, a &ldquo;<U>Party</U>&rdquo;).</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 17.25pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 17.25pt"><FONT STYLE="font-size: 10pt">WHEREAS,
pursuant to the Agreement and Plan of Merger, dated as of February 24, 2018 (the &ldquo;<U>Merger Agreement</U>&rdquo;), among
the Company, Spectrum Brands Holdings, Inc. (&ldquo;<U>Spectrum</U>&rdquo;) HRG SPV Sub I, Inc., a Delaware corporation, and HRG
SPV Sub II, LLC, a Delaware limited liability company, Spectrum is to become a wholly-owned Subsidiary of the Company (the &ldquo;<U>Merger</U>&rdquo;);</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 17.25pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 17.25pt"><FONT STYLE="font-size: 10pt">WHEREAS,
the parties hereto are parties to a Registration Rights Agreement dated as of May 12, 2011, which is being replaced and superseded
by the terms hereof; and</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 17.25pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 17.25pt"><FONT STYLE="font-size: 10pt">WHEREAS,
it is a condition to the consummation of the Merger under the Merger Agreement that Fortress, Leucadia and the Company enter into
this Agreement to provide certain registration rights to each of Fortress and Leucadia.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 17.25pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 17.25pt"><FONT STYLE="font-size: 10pt">NOW, THEREFORE,
in consideration of the mutual agreements set forth herein, and for other good and valuable consideration, the receipt and sufficiency
of which are hereby acknowledged, the Parties agree as follows:</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 17.25pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

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

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

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

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 17.25pt"><FONT STYLE="font-size: 10pt">Section
1.1. <U>Certain Definitions</U>. As used in this Agreement, the following terms will have the following respective meanings:</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 17.25pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 17.25pt"><FONT STYLE="font-size: 10pt">&ldquo;<U>Affiliate</U>&rdquo;
means, with respect to any Person, another Person that directly, or indirectly through one or more intermediaries, controls, is
controlled by, or is under common control with, such first Person, where &ldquo;control&rdquo; means the possession, directly
or indirectly, of the power to direct or cause the direction of the management policies of a Person, whether through the ownership
of voting securities, by contract, as trustee or executor or otherwise.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 17.25pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 17.25pt"><FONT STYLE="font-size: 10pt">&ldquo;<U>Automatic
Shelf Registration Statement</U>&rdquo; means an &ldquo;automatic shelf registration statement&rdquo; as defined in Rule 405 promulgated
under the Securities Act.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 17.25pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 17.25pt"><FONT STYLE="font-size: 10pt">&ldquo;<U>Beneficial
Ownership</U>,&rdquo; &ldquo;<U>Beneficially Owned</U>&rdquo; and &ldquo;<U>Beneficially Owns</U>&rdquo; have the meanings specified
in Rule 13d-3 promulgated under the Exchange Act, including the provision that any member of a &ldquo;group&rdquo; will be deemed
to have beneficial ownership of all securities beneficially owned by other members of the group, and a Person&rsquo;s beneficial
ownership of securities will be calculated in accordance with the provisions of such Rule; <U>provided</U>, <U>however</U>, that
a Person will be deemed to be the beneficial owner of any security which may be acquired by such Person whether within sixty (60)
days or thereafter, upon the conversion, exchange or exercise of any rights, options, warrants or similar securities to subscribe
for, purchase or otherwise acquire (x) capital stock of any Person or (y) securities directly or indirectly convertible into,
or exercisable or exchangeable for, such capital stock of such Person.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 17.25pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 17.25pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 17.25pt"><FONT STYLE="font-size: 10pt">&ldquo;<U>Block
Trade</U>&rdquo; means a Shareholder Underwritten Offering which is a no-roadshow &ldquo;block trade&rdquo; takedown off a Shelf
Registration Statement.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 17.25pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 17.25pt"><FONT STYLE="font-size: 10pt">&ldquo;<U>Board</U>&rdquo;
means the Board of Directors of the Company.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 17.25pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 17.25pt"><FONT STYLE="font-size: 10pt">&ldquo;<U>Business
Day</U>&rdquo; means any day other than a Saturday, Sunday or other day on which commercial banks in the State of New York are
authorized or required by law or executive order to close.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 17.25pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 17.25pt"><FONT STYLE="font-size: 10pt">&ldquo;<U>Common
Stock</U>&rdquo; means (i) the common stock of the Company, par value $0.01 per share, (ii) any securities of the Company or any
successor or assign of the Company into which such stock is reclassified or reconstituted or into which such stock is converted
or otherwise exchanged in connection with a combination of shares, recapitalization, merger, sale of assets, consolidation or
other reorganization or otherwise or (iii) any securities received as a dividend or distribution in respect of the securities
described in clauses (i) and (ii) above.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 17.25pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 17.25pt"><FONT STYLE="font-size: 10pt">&ldquo;<U>Counsel
to the Shareholders</U>&rdquo; means one (1) counsel selected by the Shareholders of a majority of the Registrable Securities
requested to be included in a Piggyback Takedown, Shareholder Underwritten Offering or Shelf Registration, as applicable.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 17.25pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 17.25pt"><FONT STYLE="font-size: 10pt">&ldquo;<U>Director</U>&rdquo;
means a member of the Board.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 17.25pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 17.25pt"><FONT STYLE="font-size: 10pt">&ldquo;<U>Disclosure
Package</U>&rdquo; means the following, collectively, with respect to any offering of Registrable Securities, (i) the preliminary
Prospectus, in the form provided to the Shareholders for delivery to purchasers of Registrable Securities, (ii) each Free Writing
Prospectus, in the form provided to the Shareholders for delivery to purchasers of Registrable Securities and (iii) all other
information, in each case, that is deemed, under Rule 159 promulgated under the Securities Act, to have been conveyed to purchasers
of securities at the time of sale of such securities (including, without limitation, a contract of sale).</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 17.25pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 17.25pt"><FONT STYLE="font-size: 10pt">&ldquo;<U>Electing
Shareholder</U>&rdquo; means a Shareholder of Registrable Securities and such Shareholder&rsquo;s Permitted Transferees who has
provided the Company with the required notice and any other information reasonably requested in writing by the Company.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 17.25pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 17.25pt"><FONT STYLE="font-size: 10pt">&ldquo;<U>Equity
Securities</U>&rdquo; means (a) Voting Securities, (b) any securities of the Company that are convertible or exchangeable (whether
presently convertible or exchangeable or not) into Voting Securities, and (c) any options, warrants and rights issued by the Company
(whether presently exercisable or not) to purchase Voting Securities or convertible or exchangeable (whether presently convertible
or exchangeable or not) into Voting Securities.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 17.25pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 17.25pt"><FONT STYLE="font-size: 10pt">&ldquo;<U>Exchange
Act</U>&rdquo; means the Securities Exchange Act of 1934, as amended, and the rules and regulations of the SEC thereunder.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 17.25pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 17.25pt"><FONT STYLE="font-size: 10pt">&ldquo;<U>FINRA</U>&rdquo;
means the Financial Industry Regulatory Authority, Inc.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 17.25pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 17.25pt"><FONT STYLE="font-size: 10pt">&ldquo;<U>Free
Writing Prospectus</U>&rdquo; means any &ldquo;free writing prospectus&rdquo; as defined in Rule 405 promulgated under the Securities
Act.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 17.25pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 17.25pt"><FONT STYLE="font-size: 10pt">&ldquo;<U>Hedging
Counterparty</U>&rdquo; means a broker-dealer registered under Section 15(b) of the Exchange Act or an Affiliate thereof.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 17.25pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 17.25pt"><FONT STYLE="font-size: 10pt">&ldquo;<U>Hedging
Transaction</U>&rdquo; means any transaction involving a security linked to the Registrable Securities or any security that would
be deemed to be a &ldquo;derivative security&rdquo; (as defined in Rule 16a-1(c)</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt"></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt"><FONT STYLE="font-size: 10pt">promulgated
under the Exchange Act) with respect to the Registrable Securities or transaction (even if not a security) which would (were it
a security) be considered such a derivative security, or which transfers some or all of the economic risk of ownership of the
Registrable Securities, including, without limitation, any forward contract, equity swap, put or call, put or call equivalent
position, collar, non-recourse loan, sale of an exchangeable security or similar transaction. For the avoidance of doubt, the
following transactions shall be deemed to be Hedging Transactions:</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 17.25pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 17.25pt"><FONT STYLE="font-size: 10pt">(i) transactions
by a Shareholder in which a Hedging Counterparty engages in short sales of Registrable Securities pursuant to a Prospectus and
may use Registrable Securities to close out its short position;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 17.25pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 17.25pt"><FONT STYLE="font-size: 10pt">(ii) transactions
pursuant to which a Shareholder engages in a short sale of Registrable Securities pursuant to a Prospectus and delivers Registrable
Securities to close out its short position;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 17.25pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 17.25pt"><FONT STYLE="font-size: 10pt">(iii) transactions
by a Shareholder in which the Shareholder delivers, in a transaction exempt from registration under the Securities Act, Registrable
Securities to the Hedging Counterparty who will then publicly resell or otherwise transfer such Registrable Securities pursuant
to a Prospectus or an exemption from registration under the Securities Act; and</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 17.25pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 17.25pt"><FONT STYLE="font-size: 10pt">(iv) a
loan or pledge of Registrable Securities to a Hedging Counterparty who may then become a selling stockholder and sell the loaned
securities or, in an event of default in the case of a pledge, sell the pledged securities, in each case, in a public transaction
pursuant to a Prospectus.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 17.25pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 17.25pt"><FONT STYLE="font-size: 10pt">&ldquo;<U>NYSE</U>&rdquo;
means the New York Stock Exchange or any successor stock exchange on which shares of the Common Stock are then listed.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 17.25pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 17.25pt"><FONT STYLE="font-size: 10pt">&ldquo;<U>Permitted
Transferee</U>&rdquo; means, (A) with respect to each Shareholder, (i) such Shareholder&rsquo;s Affiliates or (ii) any Person,
vehicle, account or fund that is managed, sponsored or advised by such Shareholder or any Affiliate thereof, so long as the decision-making
control with respect to such interests after such transfer to such Person, vehicle, account or fund remains with such Shareholder
or any Affiliate thereof and (B) with respect to any Shareholder who is an individual, (i) in the event of such Shareholder&rsquo;s
death, such Shareholder&rsquo;s heirs, executors, administrators, testamentary trustees, legatees or beneficiaries, (ii) a trust,
the beneficiaries of which include only such Shareholder and the spouse and lineal descendants of such Shareholder and pursuant
to which the Shareholder retains all of the voting interest in the Company, or (iii) a closely held company with respect to which
the Shareholder, together with the Shareholder&rsquo;s immediate family, holds 100% of the beneficial interests.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 17.25pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 17.25pt"><FONT STYLE="font-size: 10pt">&ldquo;<U>Person</U>&rdquo;
means an association, a corporation, an individual, a partnership, a limited liability company, a trust or any other entity or
organization, including a governmental authority, or a group (with the meaning of Section 13(d)(3) of the Exchange Act).</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 17.25pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 17.25pt"><FONT STYLE="font-size: 10pt">&ldquo;<U>Prospectus</U>&rdquo;
means the prospectus related to any Registration Statement (whether preliminary or final or any prospectus supplement, including,
without limitation, a prospectus or prospectus supplement that discloses information previously omitted from a prospectus filed
as part of an effective registration statement in reliance on Rule 415, 424, 430A, 430B or 430C under the Securities Act, as amended
or supplemented by any amendment or prospectus supplement), including post-effective amendments, and all materials incorporated
by reference in such prospectus.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 17.25pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 17.25pt"><FONT STYLE="font-size: 10pt">&ldquo;<U>Registrable
Securities</U>&rdquo; means any and all Common Stock of the Company beneficially owned, whether now owned or later acquired, by
a Shareholder or its Permitted Transferee; <U>provided</U>, that Registrable Securities held by any Shareholder or its Permitted
Transferee will cease to be Registrable</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt"></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt"><FONT STYLE="font-size: 10pt">Securities,
when (A) a Registration Statement covering such Registrable Securities has been declared effective under the Securities Act by
the SEC and such Registrable Securities have been disposed of pursuant to such effective Registration Statement, (B) such securities
have been disposed of pursuant to Rule 144 promulgated under the Securities Act, (C) the Shareholder, together with its Permitted
Transferees, ceases to beneficially own more than 2% of the Company&rsquo;s Common Stock or (D) such securities have ceased to
be outstanding.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 17.25pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 17.25pt"><FONT STYLE="font-size: 10pt">&ldquo;<U>Registration
Expenses</U>&rdquo; means all expenses (other than Selling Expenses) arising from or incident to the registration of the sale
of Registrable Securities in compliance with this Agreement, including, without limitation, (i) SEC, stock exchanges, FINRA (including,
without limitation, fees, charges and disbursements of counsel in connection with FINRA registration) and other registration and
filing fees, (ii) all fees and expenses incurred in connection with complying with any securities or blue sky laws (including,
without limitation, fees, charges and disbursements of counsel in connection with blue sky qualifications of the Registrable Securities),
(iii) all printing, messenger and delivery expenses, (iv) the fees, charges and disbursements of counsel to the Company and of
its independent public accountants and any other accounting and legal fees, charges and expenses incurred by the Company (including,
without limitation, any expenses arising from any special audits or &ldquo;comfort letters&rdquo; required in connection with
or incident to any registration), (v) with respect to Registrable Securities that are listed on a national securities exchange,
the fees and expenses incurred in connection with the listing of such Registrable Securities, and (vi) reasonable fees, charges
and disbursements of Counsel to the Shareholders not to exceed $40,000 in connection with the Shelf Registration Statement called
for by <U>Section 2.2(a)</U>, and $80,000 in connection with any Piggyback Takedown or any Shareholder Underwritten Offering.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 17.25pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 17.25pt"><FONT STYLE="font-size: 10pt">&ldquo;<U>Registration
Statement</U>&rdquo; means any registration statement filed pursuant to the Securities Act.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 17.25pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 17.25pt"><FONT STYLE="font-size: 10pt">&ldquo;<U>Rule
144</U>&rdquo; means the Rule 144 promulgated under the Securities Act.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 17.25pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 17.25pt"><FONT STYLE="font-size: 10pt">&ldquo;<U>SEC</U>&rdquo;
means the Securities and Exchange Commission.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 17.25pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 17.25pt"><FONT STYLE="font-size: 10pt">&ldquo;<U>Securities
Act</U>&rdquo; means the Securities Act of 1933, as amended, and the rules and regulations of the SEC promulgated thereunder.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 17.25pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 17.25pt"><FONT STYLE="font-size: 10pt">&ldquo;<U>Selling
Expenses</U>&rdquo; means underwriting fees, discounts, selling commissions, underwriter expenses and stock transfer taxes relating
to the registration and sale of a Shareholder&rsquo;s Registrable Securities and, subject to clause (vi) of the definition of
Registration Expenses, the fees and expenses of Shareholder&rsquo;s own counsel.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 17.25pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 17.25pt"><FONT STYLE="font-size: 10pt">&ldquo;<U>Shareholder</U>&rdquo;
means each of Fortress and Leucadia and their respective successors and permitted assigns and direct or indirect transferees that
become a party to this Agreement in accordance with <U>Section 3.5</U> hereof, in each case that Beneficially Owns Registrable
Securities (including any Permitted Transferee).</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 17.25pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 17.25pt"><FONT STYLE="font-size: 10pt">&ldquo;<U>Shareholder
Underwritten Offering</U>&rdquo; means an underwritten offering takedown to be conducted by one or more Electing Shareholders
in accordance with <U>Section 2.2(d)</U>. For the avoidance of doubt, the term &ldquo;Shareholder Underwritten Offering&rdquo;
includes a Block Trade.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 17.25pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 17.25pt"><FONT STYLE="font-size: 10pt">&ldquo;<U>Shelf
Registration</U>&rdquo; means a registration of securities pursuant to a Registration Statement filed with the SEC in accordance
with and pursuant to Rule 415 promulgated under the Securities Act.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 17.25pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 17.25pt"><FONT STYLE="font-size: 10pt">&ldquo;<U>Subsidiary</U>&rdquo;
of any Person shall mean any corporation, partnership, joint venture, limited liability company, trust or other form of legal
entity (whether incorporated or unincorporated) of which (or in</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt"></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt"><FONT STYLE="font-size: 10pt">which) more than 50% of the Beneficial Ownership is, directly or indirectly, owned or controlled by such Person, by such Person
and one or more of its other Subsidiaries or by one or more of such Person&rsquo;s other Subsidiaries.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 17.25pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 17.25pt"><FONT STYLE="font-size: 10pt">&ldquo;<U>underwriter</U>&rdquo;
means the underwriter, placement agent or other similar intermediary participating in an underwritten offering.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 17.25pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 17.25pt"><FONT STYLE="font-size: 10pt">&ldquo;<U>underwritten
offering</U>&rdquo; of securities means a public offering of securities registered under the Securities Act in which an underwriter,
placement agent or other similar intermediary participates in the distribution of such securities.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 17.25pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 17.25pt"><FONT STYLE="font-size: 10pt">&ldquo;<U>Voting
Securities</U>&rdquo; means the Common Stock and any other securities of the Company of any kind or class having power generally
to vote for the election of Directors.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 17.25pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

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

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

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

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 22.5pt"><FONT STYLE="font-size: 10pt">Section
2.1. <U>General; Securities Subject to this Article</U>.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 22.5pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 22.5pt"><FONT STYLE="font-size: 10pt">(a) <U>Grant
of Rights</U>. The Company hereby grants registration rights with respect to the Registrable Securities to the Shareholders upon
the terms and conditions set forth in this Agreement.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 22.5pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 22.5pt"><FONT STYLE="font-size: 10pt">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Transfer of Registration Rights</U>. Any Registrable Securities that are pledged or made the subject of a Hedging Transaction,
which Registrable Securities are not ultimately disposed of by the Shareholder pursuant to such pledge or Hedging Transaction
shall be deemed to remain &ldquo;Registrable Securities,&rdquo; notwithstanding the release of such pledge or the completion of
such Hedging Transaction.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 22.5pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 22.5pt"><FONT STYLE="font-size: 10pt">Section 2.2. <U>Shelf
Registrations</U>.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 22.5pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 22.5pt"><FONT STYLE="font-size: 10pt">(a) <U>Filings</U>.
For so long as there are Registrable Securities outstanding, the Company shall use its commercially reasonable efforts to ensure
that after the date hereof the Company shall at all times have and maintain an effective Registration Statement for a Shelf Registration
covering the resale of all of the Registrable Securities requested to be included by the Electing Shareholders, on a delayed or
continuous basis (the &ldquo;<U>Shelf Registration Statement</U>&rdquo;). In furtherance of such obligation, the Company shall
use its commercially reasonable efforts to file with the SEC an initial Shelf Registration Statement as promptly as practicable
on or prior to the 30th day following the date hereof. The Company shall give written notice of the filing of any Shelf Registration
Statement at the earliest practicable time (but in no event less than fifteen (15) days prior to filing such Shelf Registration
Statement) to all Shareholders and shall include in such Shelf Registration Statement all Registrable Securities of Electing Shareholders.
The Company shall use its commercially reasonable efforts to cause the initial Shelf Registration Statement to become effective
on or prior to the 90th day after the Registration Statement is filed with the SEC and shall use its commercially reasonable efforts
to maintain the effectiveness of such Shelf Registration Statement in accordance with the terms hereof.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 22.5pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 22.5pt"><FONT STYLE="font-size: 10pt">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Additional Electing Shareholders</U>. From and after the date that the Shelf Registration Statement is initially effective,
as promptly as is practicable after receipt of a request that complies with the notice provisions in <U>Section 2.5(c)</U> and
<U>Section 3.1</U>, and in any event within (x) ten (10) Business</FONT></P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt"><FONT STYLE="font-size: 10pt">Days
after the date such request is received by the Company or (y) if a request is so received during a Suspension Period, five (5)
Business Days after the expiration of such Suspension Period, the Company shall take all necessary action to cause the Electing
Shareholder to be named as a selling securityholder in the Shelf Registration Statement and the related Prospectus in such a manner
as to permit such Shareholder to deliver such Prospectus in connection with sales of such Registrable Securities to the purchasers
thereof in accordance with applicable law, which action may include: (i) if required by applicable law, filing with the SEC a
post-effective amendment to the Shelf Registration Statement; (ii) preparing and, if required by applicable law, filing a supplement
or supplements to the related Prospectus or a supplement or amendment to any document incorporated therein by reference; (iii)
filing any other required document; or (iv) with respect to a post-effective amendment to the Shelf Registration Statement that
is not automatically effective, using its commercially reasonable efforts to cause such post-effective amendment to be declared
or to otherwise become effective under the Securities Act as promptly as is practicable; <U>provided</U> that:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 22.5pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 40.5pt"><FONT STYLE="font-size: 10pt">(i) the
Company may delay such filing until the date that is twenty (20) Business Days after any prior such filing;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 40.5pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 40.5pt"><FONT STYLE="font-size: 10pt">(ii) if
the Shelf Registration Statement is not an Automatic Shelf Registration Statement and the Company has already made such a filing
during the calendar quarter in which such filing would otherwise be required to be made, the Company may delay such filing until
the tenth (10th) Business Day of the following calendar quarter; and</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 40.5pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 40.5pt"><FONT STYLE="font-size: 10pt">(iii) if
such request is delivered during a Suspension Period, the Company shall so inform the Shareholder delivering such request and
shall take the actions set forth above upon expiration of the Suspension Period in accordance with <U>Section 2.2(c)</U>.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 40.5pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">Notwithstanding anything contained
herein to the contrary, the Company shall be under no obligation to name any Shareholder as a selling securityholder in any Shelf
Registration Statement or related Prospectus until such Shareholder has submitted a request to the Company that complies with
the notice provisions in <U>Section 2.5(c)</U> and <U>Section 3.1</U> and has provided any other information reasonably requested
in writing by the Company.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 22.5pt"><FONT STYLE="font-size: 10pt">(c) <U>Suspension
Periods</U>. Upon written notice to the Shareholders, (x) the Company shall be entitled to suspend, for a period of time, the
use of any Registration Statement or Prospectus if the Company determines in its good faith judgment, after consultation with
counsel, that the Registration Statement or any Prospectus may contain an untrue statement of a material fact or omits any fact
necessary to make the statements in the Registration Statement or Prospectus not misleading and (y) the Company shall not be required
to amend or supplement the Registration Statement, any related Prospectus or any document incorporated therein by reference if
the Company determines in its good faith judgment, after consultation with counsel, that such amendment would reasonably be expected
to have a material adverse effect on any proposal or plan of the Company to effect a merger, acquisition, disposition, financing,
reorganization, recapitalization or similar transaction, in each case that is material to the Company (in case of each clause
(x) and (y), a &ldquo;<U>Suspension Period</U>&rdquo;); <U>provided</U> that (A) the duration of all Suspension Periods may not
exceed one hundred and twenty (120) days in the aggregate in any 12-month period and (B) the Company shall use its commercially
reasonable efforts to amend the Registration Statement and/or Prospectus to correct such untrue statement or omission as soon
as reasonably practicable.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 22.5pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 22.5pt"><FONT STYLE="font-size: 10pt"></FONT></P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 22.5pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 22.5pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt">(d)</FONT></TD><TD><FONT STYLE="font-size: 10pt"><U>Shareholder
                                         Underwritten Offering</U>.</FONT></TD></TR></TABLE>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 40.5pt"><FONT STYLE="font-size: 10pt">(i) At any
time one or more Electing Shareholders holding the lesser of (x) at least 2% of the then-outstanding shares of Common Stock of
the Company or (y) at least 25% of the Registrable Securities hereunder at such time, may request that the Company effect an underwritten
takedown under the Shelf Registration Statement of at least $50 million in Registrable Securities, based on the closing market
price on the trading day immediately prior to the date of the initial request of the Electing Shareholders; <U>provided</U> that,
in connection with a distribution in kind of Registrable Securities by an Electing Shareholder (the &ldquo;<U>Distributing Electing
Shareholder</U>&rdquo;), the direct or indirect members, shareholders, general or limited partners, or other equityholders (or
the nominees, custodians, or trustees of such members, shareholders, general or limited partners, or other equityholders, including
any liquidating trust or similar vehicle created to hold Registrable Securities on behalf of such members, shareholders, general
or limited partners, or other equityholders who are precluded from receiving or holding such Registrable Securities due to applicable
law, regulation, standing internal policy or other, similar constraints) of the Distributing Electing Shareholder (collectively,
the &ldquo;<U>Distributees</U>&rdquo;) may be deemed Permitted Transferees for the sole purpose of exercising the rights and incurring
the obligations of the Distributing Electing Shareholder under this Agreement with respect to, and only in connection with, a
Shareholder Underwritten Offering to be consummated substantially contemporaneously with such distribution in kind. Within five
(5) Business Days (or four (4) Business Days in the case of a Block Trade) of receipt of such request, the Company shall notify
all other Shareholders of such request and shall (except as provided in clause (iii) below) include in such Shareholder Underwritten
Offering all Registrable Securities requested to be included therein by Shareholders who respond within five (5) Business Days
(or one (1) Business Day in the case of a Block Trade) of the Company&rsquo;s notification described above (such Shareholders
who are not Electing Shareholders shall participate in the Shareholder Underwritten Offering only if they also become Electing
Shareholders). Any Electing Shareholders making a request to the Company pursuant to this <U>Section 2.2(d)(i)</U> with respect
to a Block Trade shall use commercially reasonable efforts to work with the Company and the underwriters prior to making such
request to facilitate preparation of the registration statement, prospectus and other offering documentation related to the underwritten
Block Trade.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 40.5pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 40.5pt"><FONT STYLE="font-size: 10pt">(ii) For
any Shareholder Underwritten Offering, including a Block Trade, the managing underwriter or underwriters shall be selected by
Electing Shareholders participating in such offering holding a majority of the Registrable Securities to be disposed of pursuant
to such offering and shall be reasonably acceptable to the Company; <U>provided</U> that in a Block Trade the managing underwriter
or underwriters shall be selected by the Electing Shareholder who made the initial request and shall be reasonably acceptable
to the Company.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 40.5pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 40.5pt"><FONT STYLE="font-size: 10pt">(iii) If
the managing underwriter or underwriters for the Shareholder Underwritten Offering advise the Company that in their reasonable
opinion the number of securities requested to be included in such underwritten offering takedown exceeds the number which can
be sold in an orderly manner in such offering within a price range acceptable to the Electing Shareholders, the Company shall
include in such Shareholder Underwritten Offering the number which can be so sold in the following order of priority: (A) first,
the securities requested to be included by the Electing Shareholders (pro rata among the holders of such securities on the basis
of the number of securities then-owned by each such holder), (B) second, the securities requested to be included in such Shareholder
Underwritten Offering by Shareholders exercising piggyback registration rights (pro rata among the holders of such securities
on the basis of the number of securities then-owned by each such holder), (C) third, the securities the Company proposes to sell,
(D) fourth, other securities requesting to be included in such Shareholder</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt"></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt"><FONT STYLE="font-size: 10pt">Underwritten
Offering (pro rata among the holders of such securities on the basis of the number of securities then-owned by each such holder
(or as otherwise determined by the Company)).</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 40.5pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 40.5pt"><FONT STYLE="font-size: 10pt">(iv) The
Company shall use its commercially reasonable efforts to cooperate with any request of the Shareholders to effect a Shareholder
Underwritten Offering but shall not be required to effect a Shareholder Underwritten Offering: (A) more than once in any six (6)
month period or (B) if it shall have already made two (2) Shareholder Underwritten Offerings at the request of Fortress and its
Permitted Transferees, assignees or Distributees in the aggregate and two (2) Shareholder Underwritten Offerings at the request
of Leucadia and its Permitted Transferees, assignees or Distributees in the aggregate pursuant to this Agreement. In no event
shall the Company be required to effect more than four (4) Shareholder Underwritten Offerings in the aggregate pursuant to this
Agreement.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 40.5pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 40.5pt"><FONT STYLE="font-size: 10pt">(v) In connection
with any Shareholder Underwritten Offering effected pursuant to the proviso to the first sentence of <U>Section 2.2(d)(i)</U>
above, if any notice is due from the Company to the Distributees, the Company may provide such notices to the Distributing Electing
Shareholder on behalf of the Distributees, and the Distributing Electing Shareholder shall provide any such notice to the Distributees,
and the Distributing Electing Shareholder agrees to act as the agent of the Distributees vis-&agrave;-vis the Company in connection
with such Shareholder Underwritten Offering. The Company may take direction from the Distributing Electing Shareholder with respect
to the Distributees, including with respect to any Distributee&rsquo;s participation in any Shareholder Underwritten Offering.
The Distributees electing to participate in such Shareholder Underwritten Offering shall sign a joinder to this Agreement in form
and substance reasonably satisfactory to the Company that is limited to such Shareholder Underwritten Offering and includes indemnification
as set forth in <U>Section 2.7</U> below. For the avoidance of doubt, no Distributee shall have any right to be named in a Shelf
Registration Statement (other than a prospectus supplement at the time of such Shareholder Underwritten Offering) or to participate
in a Piggyback Takedown unless such Distributee is a Shareholder hereunder other than on the basis of the proviso to the first
sentence of <U>Section 2.2(d)(i)</U>.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 40.5pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in"><FONT STYLE="font-size: 10pt">Section
2.3. <U>Piggyback Takedowns</U>.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in"><FONT STYLE="font-size: 10pt">(a) <U>Right
to Piggyback</U>. If the Company proposes to undertake the marketing of a registered underwritten offering of its Common Stock
for its own account (other than a Registration Statement on Form S-4 or S-8 or any successor or similar form which is then in
effect or a Registration Statement in connection with a rights offering or the primary purpose of which is to register debt securities
or an offering on any form of Registration Statement that does not permit secondary sales) or for the account of any other stockholder
or stockholders of the Company not party hereto (the &ldquo;<U>Requesting Shareholders</U>&rdquo;), the Company shall give prompt
written notice of its intention to effect such offering (a &ldquo;<U>Piggyback Takedown</U>&rdquo;) to all Shareholders of Registrable
Securities. In the case of a Piggyback Takedown that is an offering under a Shelf Registration, such notice shall be given not
less than five (5) Business Days prior to the expected date of commencement of marketing efforts for such Piggyback Takedown.
In the case of a Piggyback Takedown that is an offering under a Registration Statement that is not a Shelf Registration, such
notice shall be given not less than five (5) Business Days prior to the expected date of filing of such Registration Statement.
The Company shall, subject to the provisions of <U>Section 2.3(b)</U> below, include in such Piggyback Takedown, as applicable,
all Registrable Securities with respect to which the Company has received written requests for inclusion therein on or before
the date that is three (3) Business Days prior to the expected date of commencement of marketing efforts or the filing of the
Registration Statement, as applicable. Notwithstanding anything to the contrary contained herein, the Company may determine not
to proceed with any Piggyback Takedown upon written notice to the Shareholders of Registrable Securities requesting to include
their Registrable Securities in such Piggyback Takedown.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in"><FONT STYLE="font-size: 10pt"></FONT></P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in"><FONT STYLE="font-size: 10pt">(b) <U>Priority
on Piggyback Takedowns</U>.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 45pt"><FONT STYLE="font-size: 10pt">(i) If a Piggyback
Takedown is an underwritten primary registration on behalf of the Company, and the managing underwriters for a Piggyback Takedown
advise the Company that in their reasonable opinion the number of securities requested to be included in such Piggyback Takedown
exceeds the number which can be sold in an orderly manner in such offering within a price range acceptable to the Company, the
Company shall include in such Piggyback Takedown the number which can be so sold in the following order of priority: (A) first,
the securities the Company proposes to sell, (B) second, securities requested to be included in such Piggyback Takedown by Shareholders
exercising piggyback registration rights in accordance with this Agreement (pro rata among the holders of such securities on the
basis of the number of securities then-owned by each such holder), (C) third, securities requested to be included in such Piggyback
Takedown by any other security holders exercising piggyback registration rights (pro rata among the holders of such securities
on the basis of the number of securities then-owned by each such holder) and (D) fourth, other securities requested to be included
in such Piggyback Takedown (pro rata among the holders of such securities on the basis of the number of securities then-owned
by each such holder).</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 45pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 45pt"><FONT STYLE="font-size: 10pt">(ii) If a
Piggyback Takedown is an underwritten registration on behalf of one or more Requesting Shareholders, and the managing underwriters
for a Piggyback Takedown advise the Company that in their reasonable opinion the number of securities requested to be included
in such Piggyback Takedown exceeds the number which can be sold in an orderly manner in such offering within a price range acceptable
to the Company, the Company shall include in such Piggyback Takedown the number which can be so sold in the following order of
priority: (A) first, securities requested to be included by the Requesting Shareholders, (B) second, securities requested to be
included in such Piggyback Takedown by the Shareholders exercising piggyback registration rights in accordance with this Agreement
(pro rata among the holders of such securities on the basis of the number of securities requested to be included therein by each
such holder), (C) third, securities requested to be included in such Piggyback Takedown by any other security holders exercising
piggyback registration rights (pro rata among the holders of such securities on the basis of the number of securities requested
to be included therein by each such holder), (D) fourth, the securities the Company proposes to sell, and (E) fifth, other securities
requested to be included in such Piggyback Takedown (pro rata among the holders of such securities on the basis of the number
of securities requested to be included therein by each such holder).</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 45pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 22.5pt"><FONT STYLE="font-size: 10pt">(c) <U>Selection
of Underwriters</U>. Except as otherwise provided in any agreement between the Company and Requesting Shareholders, the Company
will have the sole right to select the investment banker(s) and manager(s) for any Piggyback Takedown.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 22.5pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 22.5pt"><FONT STYLE="font-size: 10pt">Section
2.4. <U>Holdback in Connection with a Piggyback Takedown</U>. In connection with any Piggyback Takedown or Shareholder Underwritten
Offering, if reasonably requested by the underwriters managing any such offering, each Shareholder who Beneficially Owns five
percent (5%) or more of the then-outstanding shares of Common Stock who was provided with the notice called for by <U>Section
2.3(a)</U> hereof, shall, except as part of the Piggyback Takedown and subject to reasonable and customary exceptions, agree with
the underwriters managing such offering not to effect any sale or distribution of Equity Securities of the Company, as applicable,
or any securities convertible into or exchangeable or</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt"></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt"><FONT STYLE="font-size: 10pt">exercisable
for such securities, during the seven (7) days prior to and the 90-day period (or such shorter period as shall be agreed to with
the underwriters managing such offering) beginning on the date of pricing of such Piggyback Takedown (the &ldquo;<U>Holdback Period</U>&rdquo;);
<U>provided</U>, such Holdback Period is applicable on substantially similar terms to the Company and the executive officers and
directors of the Company. The Company may impose stop-transfer instructions with respect to its securities that are subject to
the forgoing restriction until the end of such period. Each Shareholder who was offered the opportunity to sell Registrable Securities
in connection with such Piggyback Takedown or Shareholder Underwritten Offering agrees to execute a lock-up agreement in favor
of the Company&rsquo;s underwriters to such effect, subject to reasonable and customary exceptions, and other exceptions as may
be agreed by the Shareholders and the underwriters that are reasonably acceptable to the Company, and, in any event, that the
Company&rsquo;s underwriters in any relevant Piggyback Takedown or Shareholder Underwritten Offering shall be third party beneficiaries
of this <U>Section 2.4</U>.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 22.5pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in"><FONT STYLE="font-size: 10pt">Section
2.5. <U>Registration Procedures</U>.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 22.5pt"><FONT STYLE="font-size: 10pt">(a) <U>Obligations
of the Company</U>. Whenever registration of Registrable Securities has been requested pursuant to <U>Section 2.2</U> or <U>Section
2.3</U> hereof, the Company shall use its commercially reasonable efforts to effect the registration and sale of such Registrable
Securities in accordance with the intended method of distribution thereof and the following provisions shall apply in connection
therewith:</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 22.5pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 40.5pt"><FONT STYLE="font-size: 10pt">(i) No Shareholder
shall be entitled to be named as a selling securityholder in the Registration Statement as of the time of its initial effectiveness
or at any time thereafter, and no Shareholder shall be entitled to use the Prospectus for resales of Registrable Securities at
any time, unless such Shareholder has become an &ldquo;<U>Electing Shareholder</U>&rdquo; by submitting a request to the Company
that complies with the notice requirements in <U>Section 2.5(c)</U> and <U>Section 3.1</U> to the Company and has provided any
other information reasonably requested in writing by the Company.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 40.5pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 40.5pt"><FONT STYLE="font-size: 10pt">(ii) Each
Electing Shareholder agrees to notify the Company as promptly as practicable of any inaccuracy or change in information previously
furnished by such Electing Shareholder to the Company or of the occurrence of any event in either case as a result of which any
Prospectus relating to such registration contains or would contain an untrue statement of a material fact regarding such Electing
Shareholder or such Electing Shareholder&rsquo;s intended method of disposition of such Registrable Securities or omits to state
any material fact regarding such Electing Shareholder or such Electing Shareholder&rsquo;s intended method of disposition of such
Registrable Securities required to be stated therein or necessary to make the statements therein not misleading, and promptly
to furnish to the Company (x) any additional information required to correct and update any previously furnished information or
required so that such Prospectus shall not contain, with respect to such Electing Shareholder or the disposition of such Registrable
Securities, an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary
to make the statements therein not misleading and (y) any other information regarding such Electing Shareholder and the distribution
of such Registrable Securities as may be required to be disclosed in any Registration Statement under applicable law, pursuant
to SEC comments or as the Company may request from time to time in writing.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 40.5pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 22.5pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt">(b)</FONT></TD><TD><FONT STYLE="font-size: 10pt"><U>Additional
                                         Obligations of the Company</U>. The Company shall:</FONT></TD></TR></TABLE>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 40.5pt"><FONT STYLE="font-size: 10pt">(i) before
filing a Registration Statement or a Prospectus or any amendments or supplements thereto in connection with any Piggyback Takedown,
at the Company&rsquo;s expense, furnish to the Electing</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 40.5pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt"></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt"><FONT STYLE="font-size: 10pt">Shareholders
upon written request from such Electing Shareholder whose securities are covered by the Registration Statement, copies of all
such documents, other than documents that are incorporated by reference and that are publicly available through the SEC&rsquo;s
EDGAR system, proposed to be filed, and provide Counsel to such Shareholders a reasonable opportunity to review and comment on
such documents;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 40.5pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 45pt"><FONT STYLE="font-size: 10pt">(ii) notify
each Electing Shareholder of Registrable Securities whose securities are covered by the Registration Statement of the filing and
effectiveness of the Registration Statement and prepare and file with the SEC such amendments and supplements to such Registration
Statement and the Prospectus used in connection therewith as may be necessary to keep such Registration Statement effective for
a period ending on the date on which all Registrable Securities have been sold under the Registration Statement applicable to
such Shelf Registration or have otherwise ceased to be Registrable Securities and notify each Electing Shareholder of the filing
and effectiveness of such amendments and supplements, and comply with the provisions of the Securities Act with respect to the
disposition of all securities covered by such Registration Statement during such period in accordance with the intended methods
of disposition by the sellers thereof set forth in such Registration Statement;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 45pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 49.5pt"><FONT STYLE="font-size: 10pt">(iii) furnish
to each Electing Shareholder selling Registrable Securities without charge, such number of copies of the applicable Registration
Statement, each amendment and supplement thereto, each Prospectus prepared in connection with such Registration Statement (including
each preliminary Prospectus, final Prospectus, and any other Prospectus (including any Prospectus filed under Rule 424, Rule 430A
or Rule 430B promulgated under the Securities Act and any &ldquo;issuer free writing prospectus&rdquo; as such term is defined
under Rule 433 promulgated under the Securities Act)), all exhibits and other documents filed therewith and such other documents
as such Electing Shareholder may reasonably request including in order to facilitate the disposition of the Registrable Securities
owned by such Electing Shareholder, and upon request, a copy of any and all transmittal letters or other correspondence to or
received from, the SEC or any other governmental authority relating to such offer;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 49.5pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 49.5pt"><FONT STYLE="font-size: 10pt">(iv) use
its commercially reasonable efforts to: (A) register or qualify, or obtain exemption from registration or qualification for, such
Registrable Securities under such other securities or &ldquo;blue sky&rdquo; laws of such jurisdictions as any seller reasonably
requests, (B) keep such registration, qualification or exemption in effect for so long as such Registration Statement remains
in effect and (C) do any and all other acts and things which may be reasonably necessary or advisable to enable such Electing
Shareholder to consummate the disposition in such jurisdictions of the Registrable Securities owned by such Electing Shareholder
(provided that the Company shall not be required to (x) qualify generally to do business in any jurisdiction where it would not
otherwise be required to qualify but for this subsection, (y) subject itself to taxation in any such jurisdiction or (z) consent
to general service of process in any such jurisdiction);</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 49.5pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 49.5pt"><FONT STYLE="font-size: 10pt">(v) notify
each Electing Shareholder selling Registrable Securities at any time when a Prospectus relating to the applicable Registration
Statement is required to be delivered under the Securities Act:</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 49.5pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">(A) as promptly
as practicable upon discovery that, or upon the happening of any event as a result of which, such Registration Statement, or the
Prospectus or Free Writing Prospectus relating to such Registration Statement, or any document incorporated or deemed to be incorporated
therein by reference contains an untrue statement of a material fact or omits any fact necessary to make the statements in the
Registration Statement, the Prospectus or Free Writing Prospectus relating thereto not</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt"></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt"><FONT STYLE="font-size: 10pt">misleading
or otherwise requires the making of any changes in such Registration Statement, Prospectus, Free Writing Prospectus or document,
and, at the request of any such Electing Shareholder and subject to the Company&rsquo;s ability to declare Suspension Periods
pursuant to <U>Section 2.2(c)</U>, the Company shall promptly prepare a supplement or amendment to such Prospectus or Free Writing
Prospectus, furnish a reasonable number of copies of such supplement or amendment to each such seller of such Registrable Securities,
and file such supplement or amendment with the SEC so that, as thereafter delivered to the purchasers of such Registrable Securities,
such Prospectus or Free Writing Prospectus as so amended or supplemented shall not contain an untrue statement of a material fact
or omit to state any fact necessary to make the statements therein not misleading;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 76.5pt"><FONT STYLE="font-size: 10pt">(B) as promptly
as practicable after the Company becomes aware of any request by the SEC or any federal or state governmental authority for amendments
or supplements to a Registration Statement or related Prospectus or Free Writing Prospectus covering Registrable Securities or
for additional information relating thereto;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 76.5pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 76.5pt"><FONT STYLE="font-size: 10pt">(C) as promptly
as practicable after the Company becomes aware of the issuance or threatened issuance by the SEC of any stop order suspending
or threatening to suspend the effectiveness of a Registration Statement covering the Registrable Securities; or</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 76.5pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 76.5pt"><FONT STYLE="font-size: 10pt">(D) as promptly
as practicable after the receipt by the Company of any notification with respect to the suspension of the qualification or exemption
from qualification of any Registrable Security for sale in any jurisdiction, or the initiation or threatening of any proceeding
for such purpose;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 76.5pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 49.5pt"><FONT STYLE="font-size: 10pt">(vi) use
its commercially reasonable efforts to cause all Registrable Securities to be listed on the NYSE or such other securities exchange
on which the Company&rsquo;s Common Stock is then listed so listed;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 49.5pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 49.5pt"><FONT STYLE="font-size: 10pt">(vii) provide
and cause to be maintained a transfer agent and registrar for all such Registrable Securities from and after the effective date
of the applicable Registration Statement;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 49.5pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 49.5pt"><FONT STYLE="font-size: 10pt">(viii) provide
Counsel to the Shareholders a reasonable opportunity to review and comment upon any Registration Statement and any Prospectus
supplements;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 49.5pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 49.5pt"><FONT STYLE="font-size: 10pt">(ix) in
the event of the issuance or threatened issuance of any stop order suspending the effectiveness of a Registration Statement, or
of any order suspending or preventing the use of any related Prospectus or suspending the qualification of any Registrable Securities
included in such Registration Statement for sale in any jurisdiction, use its commercially reasonable efforts promptly to (A)
prevent the issuance of any such stop order, and in the event of such issuance, to obtain the withdrawal of such order and (B)
obtain, at the earliest practicable date, the withdrawal of any order suspending or preventing the use of any related Prospectus
or Free Writing Prospectus or suspending qualification of any Registrable Securities included in such Registration Statement for
sale in any jurisdiction;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 49.5pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 49.5pt"><FONT STYLE="font-size: 10pt">(x) if requested
by any participating Electing Shareholder promptly include in a Prospectus supplement or amendment such information as the Shareholder
may reasonably request, including in order to permit the intended method of distribution of such securities, and make all required
filings of such Prospectus supplement or such amendment as soon as reasonably practicable after the Company has received such
request;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 49.5pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 49.5pt"><FONT STYLE="font-size: 10pt"></FONT></P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 49.5pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 49.5pt"><FONT STYLE="font-size: 10pt">(xi) in
the case of certificated Registrable Securities, cooperate with the participating Shareholders of Registrable Securities and the
managing underwriters to facilitate the timely preparation and delivery of certificates (not bearing any legends) representing
Registrable Securities sold pursuant to a Shelf Registration Statement;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 49.5pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 49.5pt"><FONT STYLE="font-size: 10pt">(xii) cause
the Registrable Securities covered by such Registration Statement to be registered with or approved by such other governmental
agencies or authorities, as may be reasonably necessary by virtue of the business and operations of the Company to enable the
seller or sellers of Registrable Securities to consummate the disposition of such Registrable Securities;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 49.5pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 49.5pt"><FONT STYLE="font-size: 10pt">(xiii) in
the case of a Shareholder Underwritten Offering, enter into an underwriting agreement in customary form and reasonably satisfactory
to the Company and perform its obligations thereunder and take such other commercially reasonable actions as are required in order
to expedite or facilitate each disposition of Registrable Securities included in such Shareholder Underwritten Offering (including
causing appropriate officers to attend and participate in &ldquo;road shows&rdquo; and other informational meetings organized
by the underwriters), and causing counsel to the Company to deliver customary legal opinions in connection with any such underwriting
agreements;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 49.5pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 49.5pt"><FONT STYLE="font-size: 10pt">(xiv) provide
a CUSIP number for all Registrable Securities not later than the effective date of the Shelf Registration Statement;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 49.5pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 49.5pt"><FONT STYLE="font-size: 10pt">(xv) make
available at reasonable times for inspection by any seller of Registrable Securities, any managing underwriter participating in
any disposition of such Registrable Securities pursuant to the Shelf Registration Statement, Counsel to the Shareholders and any
attorney, accountant or other agent retained by the selling Shareholder managing underwriters (collectively, the &ldquo;<U>Inspectors</U>&rdquo;),
all financial and other records, pertinent corporate documents and properties of the Company and its Subsidiaries (collectively,
the &ldquo;<U>Records</U>&rdquo;) as shall be reasonably necessary to enable them to exercise their due diligence responsibility,
and cause the Company&rsquo;s and its Subsidiaries&rsquo; officers, directors and employees, and the independent public accountants
of the Company, to supply all information reasonably requested by any such Inspector in connection with such Registration Statement.
Records that the Company determines, in good faith, to be confidential and which it notifies the Inspectors are confidential shall
not be disclosed by the Inspectors (and the Inspectors shall confirm their agreement in writing in advance to the Company if the
Company shall so request) unless (A) the disclosure of such Records is necessary, in the Inspector&rsquo;s judgment and with the
concurrence of counsel to the Company, to avoid or correct a misstatement or omission in the Registration Statement, (B) the release
of such Records is ordered pursuant to a subpoena or other order from a court of competent jurisdiction after exhaustion of all
appeals therefrom or (C) the information in such Records was known to the Inspectors on a non-confidential basis prior to its
disclosure by the Company or has been made generally available to the public. Each seller of Registrable Securities agrees that
it shall, upon learning that disclosure of such Records is sought in a court of competent jurisdiction or by any other person,
give notice to the Company and allow the Company, at the Company&rsquo;s expense, to undertake appropriate action to prevent disclosure
of the Records deemed confidential;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 49.5pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 49.5pt"><FONT STYLE="font-size: 10pt">(xvi) in
the case of a Shareholder Underwritten Offering, use its commercially reasonable efforts to obtain a &ldquo;comfort&rdquo; letter
or letters, dated as of such date or dates as the Counsel to the Shareholders or the managing underwriters reasonably requests,
from the Company&rsquo;s independent public accountants in customary form and covering such matters of the type customarily covered
by &ldquo;comfort&rdquo; letters as Counsel to the Shareholders or any managing underwriter reasonably requests;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 49.5pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 49.5pt"><FONT STYLE="font-size: 10pt"></FONT></P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 49.5pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 49.5pt"><FONT STYLE="font-size: 10pt">(xvii) in
the case of a Shareholder Underwritten Offering, furnish, at the request of any managing underwriter for such offering an opinion
with respect to legal matters and a negative assurance letter with respect to disclosure matters, dated as of each closing date
of such offering of counsel representing the Company for the purposes of such registration, addressed to the underwriters, covering
such matters with respect to the registration in respect of which such opinion and letter are being delivered as the underwriters,
may reasonably request and are customarily included in such opinions and negative assurance letters;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 49.5pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 49.5pt"><FONT STYLE="font-size: 10pt">(xviii)
in the case of a Shareholder Underwritten Offering, use its commercially reasonable efforts to cooperate and assist in any filings
required to be made with FINRA and in the performance of any due diligence investigation by any underwriter and its counsel (including
any &ldquo;qualified independent underwriter,&rdquo; if applicable) that is (A) required or requested by FINRA in order to obtain
written confirmation from FINRA that FINRA does not object to the fairness and reasonableness of the underwriting terms and arrangements
(or any deemed underwriting terms and arrangements) relating to the resale of Registrable Securities pursuant to the Shelf Registration
Statement, including, without limitation, information provided to FINRA through its COBRADesk system or (B) required to be retained
in accordance with the rules and regulations of FINRA;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 49.5pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 49.5pt"><FONT STYLE="font-size: 10pt">(xix) if
requested by the managing underwriters, if any, or by any Shareholder of Registrable Securities being sold in a Shareholder Underwritten
Offering, promptly incorporate in a Prospectus supplement or post-effective amendment to the Shelf Registration Statement such
information as the managing underwriters, if any, or such Shareholders indicate relates to them or that they reasonably request
be included therein, including information relating to the &ldquo;Plan of Distribution&rdquo; of the Registrable Securities;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 49.5pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 49.5pt"><FONT STYLE="font-size: 10pt">(xx) within
the deadlines specified by the Securities Act and the rules promulgated thereunder, make all required filings of all Prospectuses
and Free Writing Prospectuses with the SEC; and</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 49.5pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 49.5pt"><FONT STYLE="font-size: 10pt">(xxi) within
the deadlines specified by the Securities Act and the rules promulgated thereunder, make all required filing fee payments in respect
of any Registration Statement or Prospectus used under this Agreement (and any offering covered thereby).</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 49.5pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 22.5pt"><FONT STYLE="font-size: 10pt">(c) <U>Seller
Requirements</U>. In connection with any offering under any Registration Statement under this Agreement, each Electing Shareholder
(i) shall promptly furnish to the Company in writing notice of the intended method of disposition of its Registrable Securities,
the amount of Registrable Securities proposed to be sold and such other information with respect to such Shareholder as the Company
may reasonably request or as may be required by law or regulations for use in connection with any related Registration Statement
or Prospectus (or amendment or supplement thereto) and all information required to be disclosed in order to make the information
previously furnished to the Company by such Shareholder not contain a material misstatement of fact or necessary to cause such
Registration Statement or Prospectus (or amendment or supplement thereto) not to omit a material fact with respect to such Shareholder
necessary in order to make the statements therein not misleading; (ii) shall comply with the Securities Act and the Exchange Act
and all applicable state securities laws and comply with all applicable regulations in connection with the registration and the
disposition of the Registrable Securities; and (iii) shall not use any Free Writing Prospectus without the prior written consent
of the Company. If any Electing Shareholder of Registrable Securities fails to provide such information</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt"></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt"><FONT STYLE="font-size: 10pt">required
to be included in such Registration Statement by applicable securities laws or otherwise necessary in connection with the disposition
of such Registrable Securities in a timely manner after written request therefor, the Company may exclude such Electing Shareholder&rsquo;s
Registrable Securities from a registration under <U>Section 2.2</U> or <U>Section 2.3</U> hereof.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 22.5pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">Each Person that has securities
registered for resale on a Registration Statement filed hereunder agrees that, prior to each disposition of securities pursuant
to a Registration Statement filed hereunder, it shall give the Company two (2) Business Days&rsquo; notice of its intention to
make such disposition and that upon receipt of any notice contemplated in <U>Section 2.2(c)</U>, such Person will forthwith discontinue
the disposition of its Registrable Securities pursuant to the applicable Registration Statement.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in"><FONT STYLE="font-size: 10pt">Section
2.6. <U>Registration Expenses</U>. All Registration Expenses shall be borne by the Company; <U>provided</U> that the Company shall
not bear more than 50% of any costs or expenses associated with any &ldquo;road shows&rdquo; or related travel. All Selling Expenses
relating to Registrable Securities registered shall be borne by the Shareholders of such Registrable Securities pro rata on the
basis of the number of Registrable Securities sold.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in"><FONT STYLE="font-size: 10pt">Section
2.7. <U>Indemnification; Contribution</U>.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in"><FONT STYLE="font-size: 10pt">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;
</FONT><U>Indemnification by the Company</U>. The Company agrees to indemnify and hold harmless each Shareholder, its partners,
members, shareholders, directors, officers, employees, agents, trustees and each Person who controls such Shareholder (within
the meaning of Section 15 of the Securities Act) from and against any and all losses, claims, damages, liabilities and expenses,
or any action or proceeding in respect thereof (including any legal or other expenses reasonably incurred by them in connection
with investigating or defending any such loss, claim, damage, liability or action, whether or not the indemnified party is a party
to any proceeding) (each, a &ldquo;<U>Liability</U>&rdquo; and collectively, &ldquo;<U>Liabilities</U>&rdquo;), arising out of
or based upon (i) any untrue, or allegedly untrue, statement of a material fact contained in any Disclosure Package, any Registration
Statement, any Prospectus, or in any amendment or supplement thereto, and (ii) the omission or alleged omission to state in any
Disclosure Package, any Registration Statement, any Prospectus, or in any amendment or supplement thereto any material fact required
to be stated therein or necessary to make the statements therein not misleading under the circumstances in which such statements
were made; <U>provided</U>, <U>however</U>, that the Company shall not be held liable in any such case to the extent that any
such Liability arises out of or is based upon an untrue statement or alleged untrue statement or omission or alleged omission
contained in such Disclosure Package, Registration Statement, Prospectus, or such amendment or supplement thereto in reliance
upon and in conformity with information concerning such Shareholder furnished in writing to the Company by or on behalf of such
Shareholder expressly for inclusion therein, including, without limitation, the information furnished to the Company pursuant
to <U>Section 2.5(a)</U> and <U>Section 2.5(c)</U> hereof. The Company shall also provide customary indemnities to any underwriters
of the Registrable Securities, their officers, directors and employees and each Person who controls such underwriters (within
the meaning of Section 15 of the Securities Act) at least to the same extent as provided above with respect to the indemnification
of the Shareholders of Registrable Securities.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in"><FONT STYLE="font-size: 10pt">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;
</FONT><U>Indemnification by Shareholders</U>. In connection with any offering in which a Shareholder is participating pursuant
to <U>Section 2.2</U> or <U>Section 2.3</U> hereof, such Shareholder agrees severally (and not jointly) to indemnify and hold
harmless the Company and each other Shareholder and their respective partners, members, shareholders, directors, officers, managers,
employees, agents, trustees, the other Shareholders, any underwriter retained by the Company and each Person who controls the
Company, the</FONT></P>

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

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

<!-- Field: Page; Sequence: 140 -->
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt"><FONT STYLE="font-size: 10pt">other
Shareholders or such underwriter (within the meaning of Section 15 of the Securities Act) to the same extent as the foregoing
indemnity from the Company to the Shareholders (including indemnification of their respective partners, directors, officers, Affiliates,
stockholders, members, employees, trustees and controlling Persons), but only to the extent that Liabilities arise out of or are
based upon a statement or alleged statement or an omission or alleged omission that was made in reliance upon and in conformity
with information with respect to such Shareholder furnished in writing to the Company by or on behalf of such Shareholder expressly
for use in such Disclosure Package, Registration Statement, Prospectus, or such amendment or supplement thereto, including, without
limitation, the information furnished to the Company pursuant to <U>Section 2.5(a)</U> and <U>Section 2.5(c)</U> hereof; <U>provided</U>,
<U>however</U>, that the aggregate amount to be indemnified by any Shareholder pursuant to this <U>Section 2.7(b)</U> and contributed
by any Shareholder pursuant to <U>Section 2.7(d)</U> shall be limited to the net proceeds (after deducting underwriters&rsquo;
discounts and commissions) received by such Shareholder in the offering to which such Disclosure Package, Registration Statement,
Prospectus or such amendment or supplement thereto relates.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in"><FONT STYLE="font-size: 10pt">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;
</FONT><U>Conduct of Indemnification Proceedings</U>. Any Person entitled to indemnification or contribution hereunder (the &ldquo;<U>Indemnified
Party</U>&rdquo;) agrees to give prompt written notice to the indemnifying party (the &ldquo;<U>Indemnifying Party</U>&rdquo;)
after the receipt by the Indemnified Party of any written notice of the commencement of any action, suit, proceeding or investigation
or threat thereof made in writing for which the Indemnified Party intends to claim indemnification or contribution pursuant to
this Agreement; <U>provided</U>, <U>however</U>, that the failure to so notify the Indemnifying Party shall not relieve the Indemnifying
Party of any Liability that it may have to the Indemnified Party hereunder (except to the extent that the Indemnifying Party is
materially prejudiced or otherwise forfeits substantive rights or defenses by reason of such failure). If notice of commencement
of any such action is given to the Indemnifying Party as above provided, the Indemnifying Party shall be entitled to participate
in and, to the extent it may wish, jointly with any other Indemnifying Party similarly notified, to assume the defense of such
action at its own expense, with counsel chosen by it and reasonably satisfactory to such Indemnified Party. Each Indemnified Party
shall have the right to employ separate counsel in any such action and participate in the defense thereof, but the reasonable
and documented out-of-pocket fees and expenses of such counsel shall be paid by the Indemnified Party unless (i) the Indemnifying
Party agrees to pay such fees and expenses, (ii) the Indemnifying Party fails to assume the defense of such action with counsel
reasonably satisfactory to the Indemnified Party or (iii) the named parties to any such action (including any impleaded parties)
include both the Indemnifying Party and the Indemnified Party and such parties have been advised by such counsel that either (x)
representation of such Indemnified Party and the Indemnifying Party by the same counsel would be inappropriate under applicable
standards of professional conduct or (y) there may be one or more legal defenses available to the Indemnified Party which are
different from or additional to those available to the Indemnifying Party. In any of such cases, the Indemnifying Party shall
not have the right to assume the defense of such action on behalf of such Indemnified Party, it being understood, however, that
the Indemnifying Party shall not be liable for the reasonably incurred and documented out-of-pocket fees and expenses of more
than one separate firm of attorneys (in addition to any local counsel) for all Indemnified Parties and all such reasonably incurred
and documented out-of-pocket fees and expenses shall be reimbursed as incurred. No Indemnifying Party shall be liable for any
settlement entered into without its written consent, which consent shall not be unreasonably withheld. No Indemnifying Party shall,
without the consent of such Indemnified Party, effect any settlement of any pending or threatened proceeding in respect of which
such Indemnified Party is or may be a party and indemnity has been sought hereunder by such Indemnified Party, unless such settlement
includes an unconditional release of such Indemnified Party from all liability for claims that are the subject matter of such
proceeding.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in"><FONT STYLE="font-size: 10pt"></FONT></P>

<!-- Field: Page; Sequence: 141 -->
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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in"><FONT STYLE="font-size: 10pt">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;
</FONT><U>Contribution</U>. If the indemnification provided for in this <U>Section 2.7</U> from the Indemnifying Party is unavailable
to an Indemnified Party hereunder or insufficient to hold harmless an Indemnified Party in respect of any Liabilities referred
to herein, then each Indemnifying Party, in lieu of indemnifying such Indemnified Party, shall contribute to the amount paid or
payable by such Indemnified Party as a result of such Liabilities in such proportion as is appropriate to reflect the relative
fault of the Indemnifying Party and Indemnified Party in connection with the actions which resulted in such Liabilities, as well
as any other relevant equitable considerations. The relative faults of such Indemnifying Party and Indemnified Party shall be
determined by reference to, among other things, whether any action in question, including any untrue or alleged untrue statement
of a material fact or omission or alleged omission to state a material fact, has been made by, or relates to information supplied
by, such Indemnifying Party or Indemnified Party, and the parties&rsquo; relative intent, knowledge, access to information and
opportunity to correct or prevent such action. The amount paid or payable by a party as a result of the Liabilities referred to
above shall be deemed to include, subject to the limitations set forth in <U>Section 2.7(a)</U>, <U>Section 2.7(b)</U> and <U>Section
2.7(c)</U>, any documented out-of-pocket legal or other fees, charges or expenses reasonably incurred by such party in connection
with any investigation or proceeding; <U>provided</U>, that the aggregate amount to be contributed by any Shareholder pursuant
to this <U>Section 2.7(d)</U> and indemnified by such Shareholder pursuant to <U>Section 2.7(b)</U> shall be limited to the net
proceeds (after deducting the underwriters&rsquo; discounts and commissions) received by such Shareholder in the offering.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">The parties hereto agree that
it would not be just and equitable if contribution pursuant to this <U>Section 2.7(d)</U> were determined by pro rata allocation
or by any other method of allocation which does not take account of the equitable considerations referred to in the immediately
preceding paragraph. No Person guilty of fraudulent misrepresentation (within the meaning of Section 11 of the Securities Act)
shall be entitled to contribution from any Person who was not guilty of such fraudulent misrepresentation.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">The parties hereto agree that
this <U>Section 2.7</U> shall survive any termination of this Agreement.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in"><FONT STYLE="font-size: 10pt">Section
2.8. <U>Participation in Underwritten Offering/Sale of Registrable Securities</U>. No Person may participate in any underwritten
offering hereunder unless such Person (i) agrees to sell such Person&rsquo;s securities on the basis provided in any underwriting
arrangements in customary form entered into pursuant to this Agreement and (ii) completes and executes all questionnaires, powers
of attorney, indemnities, underwriting agreements and other documents reasonably required under the terms of such underwriting
arrangements; <U>provided</U>, that the Shareholders included in any underwritten registration shall make only those representations
and warranties to the Company or the underwriters as are customary for similar transactions and such other representations and
warranties that the underwriters may reasonably request that are agreed by any such Shareholder.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 22.5pt"><FONT STYLE="font-size: 10pt">Section
2.9. <U>Rule 144</U>. With a view to making available to the Shareholders of Registrable Securities the benefits of Rule 144 the
Company covenants that for so long as the Company is subject to the reporting requirements of the Exchange Act it will use its
commercially reasonable efforts to (i) file all reports and other documents required, if any, to be filed by it under the Securities
Act and the Exchange Act and the rules and regulations adopted thereunder, (ii) make available information necessary to comply
with Rule 144 at all times, all to the extent required from time to time to enable such Shareholder to sell Registrable Securities
without registration under the Securities Act within the limitations of the exemption provided by Rule 144 and (iii) deliver,
upon the reasonable request of any Shareholder of Registrable Securities, a written certification to such Shareholder as to whether
the</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt"></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt"><FONT STYLE="font-size: 10pt">Company
has complied with the information requirements of Rule 144. If at any time the Company is not subject to the reporting requirements
of the Exchange Act, it will make available other information as required by, and so long as necessary to permit sales of Registrable
Securities pursuant to, Rule 144.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 22.5pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 22.5pt"><FONT STYLE="font-size: 10pt">Section
2.10. <U>Subsequent Registration Rights</U>. From and after the date of this Agreement, the Company shall not, without the prior
written consent of Shareholders beneficially owning not less than a majority of the then-outstanding Registrable Securities, enter
into any agreement with any holder or prospective holder of any securities of the Company that would allow such holder or prospective
holder to include such securities in the Shelf Registration Statement unless, under the terms of such agreement, such holder or
prospective holder may include such securities in any such Shelf Registration Statement only to the extent that the inclusion
of its securities will not reduce the amount of Registrable Securities of the Shareholders that are included on such Shelf Registration
Statement.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 22.5pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 22.5pt"><FONT STYLE="font-size: 10pt">Section
2.11. <U>Miscellaneous</U>.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 22.5pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 22.5pt"><FONT STYLE="font-size: 10pt">(a) <U>Stock
Splits, etc.</U> The provisions of this Agreement shall be appropriately adjusted for any stock dividends, splits, reverse splits,
combinations recapitalizations and the like occurring after the date hereof.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 22.5pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 4.5pt; text-indent: 13.5pt"><FONT STYLE="font-size: 10pt">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;
</FONT> <U>No Inconsistent Agreements</U>. The Company shall not enter into any agreement with respect to its securities that is
inconsistent with the rights granted to the Shareholders in this Agreement and shall take all commercially reasonable efforts
to amend any agreements existing as of the date hereof so that such agreements shall not be inconsistent with the rights granted
to the Shareholders in this Agreement.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 4.5pt; text-indent: 13.5pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 22.5pt"><FONT STYLE="font-size: 10pt">(c) <U>No
&ldquo;Group&rdquo;</U>. It is the intention of the Parties that each Shareholder or its Subsidiaries shall not be considered
by virtue of this Agreement to be part of a &ldquo;group&rdquo; as defined in Section 13(d)(3) of the Exchange Act involving any
other Shareholder or its Subsidiaries.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 22.5pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

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

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

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

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 17.25pt"><FONT STYLE="font-size: 10pt">Section
3.1. <U>Notice</U>. All notices, requests, claims, demands and other communications under this Agreement will be in writing and
will be deemed given if delivered personally, sent via facsimile (receipt confirmed), sent via email (receipt confirmed), sent
by a nationally recognized overnight courier (providing proof of delivery), or mailed in the United States by certified or registered
mail, postage prepaid, to the Parties at the following addresses (or at such other address for any Party as may be specified by
like notice):</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 17.25pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 17.25pt"><FONT STYLE="font-size: 10pt">If to the Company:</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 17.25pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in"><FONT STYLE="font-size: 10pt">Spectrum Brands Holdings,
Inc.<BR>
3001 Deming Way<BR>
Middleton, WI 53562<BR>
Fax No.: (608) 288-7546<BR>
Email: nathan.fagre@spectrumbrands.com<BR>
Attention: Nathan E. Fagre</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in"><FONT STYLE="font-size: 10pt"></FONT></P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 17.25pt"><FONT STYLE="font-size: 10pt">With a copy (which
will not constitute notice hereunder) to:</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 17.25pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in"><FONT STYLE="font-size: 10pt">Kirkland &amp; Ellis
LLP<BR>
601 Lexington Avenue<BR>
New York, New York 10022<BR>
Fax No.: <FONT STYLE="background-color: white">(212)&nbsp;446-6460</FONT><BR>
Email: sarkis.jebejian@kirkland.com; jonathan.davis@kirkland.com<BR>
Attention: Sarkis Jebejian, Esq.; Jonathan L. Davis, Esq.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in"><FONT STYLE="font-size: 10pt">and</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in"><FONT STYLE="font-size: 10pt; background-color: white">Cleary
Gottlieb Steen&nbsp;&amp; Hamilton LLP</FONT><FONT STYLE="font-size: 10pt"><BR>
<FONT STYLE="background-color: white">One Liberty Plaza</FONT><BR>
<FONT STYLE="background-color: white">New York, NY 10006</FONT><BR>
<FONT STYLE="background-color: white">Fax No.: (212)&nbsp;225-3999</FONT><BR>
<FONT STYLE="background-color: white">Email: pshim@cgsh.com;&nbsp;jlangston@cgsh.com</FONT><BR>
<FONT STYLE="background-color: white">Attention: Paul J. Shim; James E. Langston</FONT></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 17.25pt"><FONT STYLE="font-size: 10pt">If to Leucadia:</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 17.25pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in"><FONT STYLE="font-size: 10pt">Leucadia National Corporation<BR>
520 Madison Avenue<BR>
New York, NY 10022<BR>
Fax No.: (646) 619-4974<BR>
Email: msharp@jefferies.com<BR>
Attention: Michael J. Sharp</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 17.25pt"><FONT STYLE="font-size: 10pt">If to Fortress:</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 17.25pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in"><FONT STYLE="font-size: 10pt">Drew Mcknight</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in"><FONT STYLE="font-size: 10pt"></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in"><FONT STYLE="font-size: 10pt">CF Turul LLC</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in"><FONT STYLE="font-size: 10pt"></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in"><FONT STYLE="font-size: 10pt">C/O Fortress Investment
Group LLC</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in"><FONT STYLE="font-size: 10pt"></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in"><FONT STYLE="font-size: 10pt">1 Market Street Spear
Tower, 42nd Floor</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in"><FONT STYLE="font-size: 10pt"></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in"><FONT STYLE="font-size: 10pt">San Francisco California
94105<BR>
Email: Dmcknight@fortress.com</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in"><FONT STYLE="font-size: 10pt">With a copy to:</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in"><FONT STYLE="font-size: 10pt">CF Turul LLC<BR>
c/o Fortress Investment Group LLC<BR>
1345 Avenue of the Americas<BR>
46th Floor<BR>
New York, NY 10105</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in"><FONT STYLE="font-size: 10pt"></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in"><FONT STYLE="font-size: 10pt">Email: Rnoble@fortress.com<BR>
Attention: James K. Noble III</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 17.25pt"><FONT STYLE="font-size: 10pt">With a copy (which
will not constitute notice hereunder) to:</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 17.25pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in"><FONT STYLE="font-size: 10pt">Skadden, Arps, Slate,
Meagher &amp; Flom LLP<BR>
Four Times Square<BR>
New York, NY 10036</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in"></P>

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    <!-- Field: /Page -->

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in"><FONT STYLE="font-size: 10pt"><BR>
Fax No.: 212-735-2000<BR>
Email: michael.schwartz@skadden.com<BR>
Attention: Michael J. Schwartz, Esq.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">All such
notices, demands and other communications shall be deemed to have been duly given when delivered by hand, if personally delivered;
when delivered by courier, if delivered by commercial courier service; three (3) Business Days after being deposited in the mail,
postage prepaid, if mailed; when sent, if sent by electronic mail or facsimile during the recipient&rsquo;s normal business hours,
and if not sent during normal business hours, then on the recipient&rsquo;s next Business Day.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 17.25pt"><FONT STYLE="font-size: 10pt">Section
3.2. <U>Enforcement</U>. The Parties agree that irreparable damage would occur and that the Parties would not have any adequate
remedy at law in the event that any of the provisions of this Agreement were not performed in accordance with their specific terms
or were otherwise breached by any other Party. It is accordingly agreed that each of the Parties will be entitled to an injunction
or injunctions to prevent breaches and/or threatened breaches of this Agreement and to enforce specifically the terms and provisions
of this Agreement, in each case without the necessity of providing any bond or other security, in any federal court located in
the State of Delaware or in Delaware state court, this being in addition to any other remedy to which they are entitled at law
or in equity.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 17.25pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 17.25pt"><FONT STYLE="font-size: 10pt">Section
3.3. <U>Entire Agreement; No Third Party Beneficiaries</U>. This Agreement constitutes the entire agreement among the Parties
with respect to the subject matter hereof and supersedes all prior agreements and understandings, both written and oral, among
the Parties with respect to the subject matter hereof. Each Shareholder party hereto agrees and acknowledges, on behalf of itself
and its Affiliates, that the Registration Rights Agreement, dated May 12, 2011, and any amendments, supplements or acknowledgments
thereto, are hereby terminated with respect to such Shareholder and its Affiliates and such Shareholder and its Affiliates only
have the registration rights set forth in this Agreement. This Agreement will be binding upon, except as provided in <U>Article
II</U>, and inure solely to the benefit of each Party and its successors and permitted assigns. Except as set forth in the immediately
preceding sentence, nothing in this Agreement, express or implied, is intended to or will confer upon any Person that is not a
Party any rights, benefits or remedies hereunder.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 17.25pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 17.25pt"><FONT STYLE="font-size: 10pt">Section
3.4. <U>Amendments; Waiver</U>. No provision of this Agreement may be amended or waived unless such amendment or waiver is in
writing and signed, in the case of an amendment, by the Parties, or in the case of a waiver, by the Party against whom the waiver
is to be effective (provided that the approval or consent of a Shareholder that does not then own Registrable Securities shall
not be required with respect to any amendment or waiver).</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 17.25pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 17.25pt"><FONT STYLE="font-size: 10pt">Section
3.5. <U>Assignment</U>. Neither this Agreement nor any of the rights, interests or obligations under this Agreement may be assigned,
in whole or in part, by (i) either Fortress or Leucadia without the prior written consent of the Company or (ii) by the Company
without the prior written consent of each of Fortress and Leucadia; <U>provided</U>, that, without the consent of any other Party,
the rights set forth in <U>Article II</U> shall be assignable by the Shareholders to (a) any transferee of such Shareholder&rsquo;s
Registrable Securities if such transferee is the recipient of at least five percent (5%) of the Company&rsquo;s then outstanding
Common Stock from the Shareholder in a private placement transaction or (b) any Permitted Transferee, in the case of each of clause
(a) and (b), who becomes a party to this Agreement by executing a joinder hereto in form and substance reasonably satisfactory
to the Company. Any assignment in violation of the preceding sentence will be void. Subject to the preceding two sentences, this
Agreement will be binding upon, inure to the benefit of, and be enforceable by, the Parties and their respective successors and
assigns.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 17.25pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 17.25pt"><FONT STYLE="font-size: 10pt"></FONT></P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 17.25pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 17.25pt"><FONT STYLE="font-size: 10pt">Section
3.6. <U>Company&rsquo;s Amended and Restated Certificate of Incorporation</U>. Notwithstanding anything to the contrary set forth
in this Agreement, to the extent any provision herein conflicts, in the Company&rsquo;s reasonable discretion, with Article 13
of the Company&rsquo;s Amended and Restated Certificate of Incorporation, the Company&rsquo;s Amended and Restated Certificate
of Incorporation shall control.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 17.25pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 17.25pt"><FONT STYLE="font-size: 10pt">Section
3.7. <U>Determination of Ownership</U>. From time to time, at the request of the Company, each Shareholder will confirm in writing
that it continues to Beneficially Own Registrable Securities. The rights of a Shareholder under this Agreement shall terminate
when such Shareholder no longer owns Registrable Securities and this Agreement shall terminate when no Shareholder owns Registrable
Securities.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 17.25pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 17.25pt"><FONT STYLE="font-size: 10pt">Section
3.8. <U>Governing Law</U>. This Agreement and any claim, controversy or dispute arising under or related thereto, the relationship
of the Parties, and/or the interpretation and enforcement of the rights and duties of the Parties, whether arising at law or in
equity, in contract, tort or otherwise, will be governed by, and construed and interpreted in accordance with, the laws of the
State of Delaware, without regard to its rules regarding conflicts of law to the extent that the application of the laws of another
jurisdiction would be required thereby.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 17.25pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 17.25pt"><FONT STYLE="font-size: 10pt">Section
3.9. <U>Interpretation</U>. Unless otherwise expressly provided, for the purposes of this Agreement, the following rules of interpretation
shall apply:</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 17.25pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 17.25pt; text-indent: 17.25pt"><FONT STYLE="font-size: 10pt">(a)
The article and section headings contained in this Agreement are for convenience of reference only and will not affect in any
way the meaning or interpretation hereof.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 17.25pt; text-indent: 17.25pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 17.25pt; text-indent: 17.25pt"><FONT STYLE="font-size: 10pt">(b)
When a reference is made in this Agreement to an article or a section, paragraph, such reference will be to an article or a section,
paragraph hereof unless otherwise clearly indicated to the contrary.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 17.25pt; text-indent: 17.25pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 17.25pt; text-indent: 17.25pt"><FONT STYLE="font-size: 10pt">(c)
Unless it would be duplicative, whenever the words &ldquo;include,&rdquo; &ldquo;includes&rdquo; or &ldquo;including&rdquo; are
used in this Agreement, they will be deemed to be followed by the words &ldquo;without limitation.&rdquo;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 17.25pt; text-indent: 17.25pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 17.25pt; text-indent: 17.25pt"><FONT STYLE="font-size: 10pt">(d)
The words &ldquo;hereof,&rdquo; &ldquo;herein&rdquo; and &ldquo;herewith&rdquo; and words of similar import will, unless otherwise
stated, be construed to refer to this Agreement as a whole and not to any particular provision of this Agreement.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 17.25pt; text-indent: 17.25pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 17.25pt; text-indent: 17.25pt"><FONT STYLE="font-size: 10pt">(e)
The word &ldquo;extent&rdquo; in the phrase &ldquo;to the extent&rdquo; will mean the degree to which a subject or other thing
extends, and such phrase will not mean simply &ldquo;if.&rdquo;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 17.25pt; text-indent: 17.25pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 17.25pt; text-indent: 17.25pt"><FONT STYLE="font-size: 10pt">(f)
The meaning assigned to each term defined herein will be equally applicable to both the singular and the plural forms of such
term, and words denoting any gender will include all genders. Where a word or phrase is defined herein, each of its other grammatical
forms will have a corresponding meaning.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 17.25pt; text-indent: 17.25pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 17.25pt; text-indent: 17.25pt"><FONT STYLE="font-size: 10pt">(g)
A reference to any period of days will be deemed to be to the relevant number of calendar days, unless otherwise specified.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 17.25pt; text-indent: 17.25pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 17.25pt; text-indent: 17.25pt"><FONT STYLE="font-size: 10pt">(h)
All terms defined in this Agreement will have the defined meanings when used in any certificate or other document made or delivered
pursuant hereto unless otherwise defined therein.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 17.25pt; text-indent: 17.25pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 17.25pt; text-indent: 17.25pt"><FONT STYLE="font-size: 10pt">(i)
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 will be construed as if drafted jointly by the Parties, and no presumption
or burden of proof will arise favoring or disfavoring any Party by virtue of the authorship of any provisions hereof.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 17.25pt; text-indent: 17.25pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 17.25pt; text-indent: 17.25pt"><FONT STYLE="font-size: 10pt">(j)
Any statute or rule defined or referred to herein or in any agreement or instrument that is referred to herein means such statute
or rule as from time to time amended, modified or supplemented, including by succession of comparable successor statutes or rules
and references to all attachments thereto and instruments incorporated therein.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 17.25pt; text-indent: 17.25pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 17.25pt; text-indent: 17.25pt"><FONT STYLE="font-size: 10pt"></FONT></P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 17.25pt; text-indent: 17.25pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 17.25pt"><FONT STYLE="font-size: 10pt">Section
3.10. <U>Consent to Jurisdiction</U>. Each of the Parties agrees that any legal action or proceeding with respect to this Agreement,
or for recognition and enforcement of any judgment in respect of this Agreement and obligations arising hereunder brought by any
other Party or its successors or assigns, will be brought and determined exclusively in the Delaware Court of Chancery and any
state appellate court therefrom within the State of Delaware (or, if the Delaware Court of Chancery declines to accept jurisdiction
over a particular matter, any state or federal court within the State of Delaware). Each of the Parties hereby irrevocably submits
with regard to any such action or proceeding for itself and in respect of its property, generally and unconditionally, to the
personal jurisdiction of the aforesaid courts and agrees that it will not bring any action relating to this Agreement in any court
other than the aforesaid courts. Each of the Parties hereby irrevocably waives, and agrees not to assert, by way of motion, as
a defense, counterclaim or otherwise, in any action or proceeding with respect to this Agreement (a) any claim that it is not
personally subject to the jurisdiction of the above-named courts for any reason other than the failure to serve in accordance
with this <U>Section 3.8</U>, (b) any claim that it or its property is exempt or immune from jurisdiction of any such court or
from any legal process commenced in such courts (whether through service of notice, attachment prior to judgment, attachment in
aid of execution of judgment, execution of judgment or otherwise), and (c) to the fullest extent permitted by the applicable law,
any claim that (i) the suit, action or proceeding in such court is brought in an inconvenient forum, (ii) the venue of such suit,
action or proceeding is improper, or (iii) this Agreement or the subject matter hereof, may not be enforced in or by such courts.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 17.25pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 17.25pt"><FONT STYLE="font-size: 10pt">Section
3.11. <U>Waiver of Jury Trial</U>. EACH OF THE PARTIES HEREBY IRREVOCABLY WAIVES ALL RIGHT TO TRIAL BY JURY IN ANY ACTION, PROCEEDING
OR COUNTERCLAIM (WHETHER BASED ON CONTRACT, TORT OR OTHERWISE) ARISING OUT OF OR RELATING TO THIS AGREEMENT, THE TRANSACTIONS
CONTEMPLATED HEREBY OR THE ACTIONS OF ANY OF THE PARTIES IN THE NEGOTIATION, ADMINISTRATION, PERFORMANCE AND ENFORCEMENT OF THIS
AGREEMENT.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 17.25pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 17.25pt"><FONT STYLE="font-size: 10pt">Section
3.12. <U>Severability</U>. If any term or other provision of this Agreement is held to be invalid, illegal or incapable of being
enforced by any rule of law or public policy by a court of competent jurisdiction, all other conditions and provisions of this
Agreement will nevertheless remain in full force and effect, insofar as the foregoing can be accomplished without materially affecting
the economic benefits anticipated by the Parties. Upon such determination that any term or other provision is invalid, illegal
or incapable of being enforced, the Parties will negotiate in good faith to modify this Agreement so as to effect the original
intent of the Parties as closely as possible to the fullest extent permitted by applicable law in an acceptable manner to the
end that the transactions contemplated by this Agreement are fulfilled to the extent possible.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 17.25pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 17.25pt"><FONT STYLE="font-size: 10pt">Section
3.13. <U>Headings</U>. The descriptive headings contained in this Agreement are for reference purposes only and will not affect
in any way the meaning or interpretation of this Agreement.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 17.25pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 17.25pt"><FONT STYLE="font-size: 10pt">Section
3.14. <U>Counterparts</U>. This Agreement may be executed in two or more counterparts, each of which when executed will be deemed
to be an original, and all of which together will be considered one and the same agreement and will become effective when one
or more counterparts have been signed by each of the Parties and delivered to the other Parties. For purposes of this Agreement,
facsimile signatures or signatures by other electronic form of transfer will be deemed originals, and the Parties agree to exchange
original signatures as promptly as possible.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 17.25pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt">[<I>Remainder
of Page Intentionally Left Blank.</I>]<I>&nbsp;</I></FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><BR STYLE="clear: both"></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 17.25pt"><FONT STYLE="font-size: 10pt">IN WITNESS
WHEREOF, the Parties have caused this Agreement to be duly executed and delivered as of the day and year first above written.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 17.25pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR>
    <TD>&nbsp;</TD>
    <TD STYLE="width: 7%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 2%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 37%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="3"><FONT STYLE="font-size: 10pt"><B><U>The Company</U>:</B></FONT></TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD COLSPAN="3"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="3"><FONT STYLE="font-size: 10pt">SPECTRUM BRANDS HOLDINGS, INC.</FONT></TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: black 1pt solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 10pt">Name: </FONT></TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 10pt">Title: </FONT></TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD COLSPAN="3"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="3"><FONT STYLE="font-size: 10pt"><B><U>The Shareholders</U>:</B></FONT></TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD COLSPAN="3"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="3"><FONT STYLE="font-size: 10pt">LEUCADIA NATIONAL CORPORATION</FONT></TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: black 1pt solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 10pt">Name: </FONT></TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 10pt">Title: </FONT></TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD COLSPAN="3"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="3"><FONT STYLE="font-size: 10pt">CF TURUL LLC</FONT></TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: black 1pt solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 10pt">Name: </FONT></TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 10pt">Title: </FONT></TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD COLSPAN="3"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
</TABLE>


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

<P STYLE="margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">[<I>Signature
page to Registration Rights Agreement</I>]</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">&nbsp;</P>



<P STYLE="margin: 0"><FONT STYLE="font-size: 10pt"></FONT>&nbsp;</P>

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

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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-3.1
<SEQUENCE>3
<FILENAME>dp87180_ex0301.htm
<DESCRIPTION>EXHIBIT 3.1
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
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<P STYLE="margin: 0; text-align: right"><FONT STYLE="font-size: 10pt"><B>Exhibit 3.1</B></FONT></P>

<P STYLE="margin: 0"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

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

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

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

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

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt">SERIES B
PREFERRED STOCK</FONT></P>

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

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

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

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

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

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

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

<!-- Field: Rule-Page --><DIV ALIGN="CENTER" STYLE="margin-top: 3pt; margin-bottom: 3pt"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid; width: 25%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

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

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 1in; text-align: center"><FONT STYLE="font-size: 10pt">(Pursuant
to Section 151 of the General Corporation Law of the State of Delaware)</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 1in; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 1in; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 1in; text-align: center"><FONT STYLE="font-size: 10pt"></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 1in; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 1in; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 1in; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">HRG Group,
Inc., a corporation organized and existing under General Corporation Law of the State of Delaware (&ldquo;<B>DGCL</B>&rdquo;)
(the &ldquo;<B>Corporation</B>&rdquo;), hereby certifies that pursuant to the authority conferred upon the Board of Directors
of the Corporation (the &ldquo;<B>Board of Directors</B>&rdquo;) by the Amended Certificate of Incorporation of the Corporation
(the &ldquo;<B>Certificate of Incorporation</B>&rdquo;), the Board of Directors on February 24, 2018 adopted the following resolution
creating a series of Preferred Stock designated as Series B Preferred Stock (as hereinafter defined):</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">RESOLVED, that
pursuant to the authority vested in the Board of Directors in accordance with the provisions of the Certificate of Incorporation,
a series of Preferred Stock, par value $0.01 per share, of the Corporation be and it hereby is created, and that the designation
and amount thereof and the powers, preferences and relative, participating, optional and other special rights of the shares of
such series, and the qualifications, limitations or restrictions thereof are as follows:</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">Section&nbsp;1.&#9;<U>Designation
and Amount</U>. The shares of this series shall be designated as Series B Preferred Stock (the &ldquo;<B>Series B Preferred Stock</B>&rdquo;),
and the number of shares constituting the Series B Preferred Stock shall be 5,000,000. Such number of shares may be increased
or decreased by resolution of the Board of Directors; <I>provided</I>, that no decrease shall reduce the number of shares of Series
B Preferred Stock to a number less than the number of shares then outstanding plus the number of shares reserved for issuance
upon the exercise of outstanding options, rights or warrants or upon the conversion of any outstanding securities issued by the
Corporation convertible into Series B Preferred Stock.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt"></FONT></P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">Section&nbsp;2.&#9;<U>Dividends
and Distributions</U>.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">(A)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subject
to the rights of the holders of any shares of any series of Preferred Stock (or any other stock) ranking prior and superior to
the Series B Preferred Stock with respect to dividends, the holders of shares of Series B Preferred Stock shall be entitled to
receive, when, as and if declared by the Board of Directors out of funds legally available for the purpose, quarterly dividends
payable in cash on the last day of March, June, September and December in each year (each such date a &ldquo;<B>Quarterly Dividend
Payment Date</B>&rdquo;), commencing on the first Quarterly Dividend Payment Date after the first issuance of a share or fraction
of a share of Series B Preferred Stock, in an amount (if any) per share (rounded to the nearest cent), subject to the provision
for adjustment hereinafter set forth, equal to 1,000 multiplied by the aggregate per share amount of all cash dividends, and 1,000
multiplied by the aggregate per share amount (payable in kind) of all non-cash dividends or other distributions, other than a
dividend payable in shares of Common Stock, par value $0.01 per share (the &ldquo;<B>Common Stock</B>&rdquo;), of the Corporation
or a subdivision of the outstanding shares of Common Stock (by reclassification or otherwise) declared on the Common Stock since
the immediately preceding Quarterly Dividend Payment Date or, with respect to the first Quarterly Dividend Payment Date, since
the first issuance of any share or fraction of a share of Series B Preferred Stock. In the event the Corporation shall at any
time declare or pay any dividend on the Common Stock payable in shares of Common Stock, or effect a subdivision or combination
or consolidation of the outstanding shares of Common Stock (by reclassification or otherwise than by payment of a dividend in
shares of Common Stock) into a greater or lesser number of shares of Common Stock, then in each such case the amount to which
holders of shares of Series B Preferred Stock were entitled immediately prior to such event under the preceding sentence shall
be adjusted by multiplying such amount by a fraction, the numerator of which is the number of shares of Common Stock outstanding
immediately after such event and the denominator of which is the number of shares of Common Stock that were outstanding immediately
prior to such event.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">(B)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Corporation shall declare a dividend or distribution on the Series B Preferred Stock as provided in paragraph&nbsp;(A) of this
Section 2 immediately after it declares a dividend or distribution on the Common Stock (other than a dividend payable in shares
of Common Stock).</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">(C)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividends
due pursuant to paragraph&nbsp;(A) of this Section 2 shall begin to accrue and be cumulative on outstanding shares of Series B
Preferred Stock from the Quarterly Dividend Payment Date next preceding the date of issue of such shares, unless the date of issue
of such shares is prior to the record date for the first Quarterly Dividend Payment Date, in which case dividends on such shares
shall begin to accrue from the date of issue of such shares, or unless the date of issue is a Quarterly Dividend Payment Date
or is a date after the record date for the determination of holders of shares of Series B Preferred Stock entitled to receive
a quarterly dividend and before such Quarterly Dividend Payment Date, in either of which events such dividends shall begin to
accrue and be cumulative from such Quarterly Dividend Payment Date. Accrued but unpaid dividends shall not bear interest. Dividends
paid on the shares of Series B Preferred Stock in an amount less than the total amount of such dividends at the time accrued and
payable on such shares shall be allocated pro rata on a share-by-share basis among all such shares at the time outstanding. The
Board of Directors may fix a record date for the determination of holders of shares of Series B Preferred Stock entitled to receive
payment of a dividend or distribution declared thereon, which record date shall be not more than 60&nbsp;days prior to the date
fixed for the payment thereof.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt"></FONT></P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">Section&nbsp;3.&#9;<U>Voting
Rights</U>. The holders of shares of Series B Preferred Stock shall have the following voting rights:</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">(A)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subject
to the provision for adjustment hereinafter set forth, each share of Series B Preferred Stock shall entitle the holder thereof
to 1,000&nbsp;votes on all matters submitted to a vote of the stockholders of the Corporation. In the event the Corporation shall
at any time declare or pay any dividend on the Common Stock payable in shares of Common Stock, or effect a subdivision or combination
or consolidation of the outstanding shares of Common Stock (by reclassification or otherwise than by payment of a dividend in
shares of Common Stock) into a greater or lesser number of shares of Common Stock, then in each such case the number of votes
per share to which holders of shares of Series B Preferred Stock were entitled immediately prior to such event shall be adjusted
by multiplying such number by a fraction, the numerator of which is the number of shares of Common Stock outstanding immediately
after such event and the denominator of which is the number of shares of Common Stock that were outstanding immediately prior
to such event.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">(B)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Except
as otherwise provided in the Certificate of Incorporation, including any other Certificate of Designation creating a series of
Preferred Stock or any similar stock, or by law, the holders of shares of Series B Preferred Stock and the holders of shares of
Common Stock and any other capital stock of the Corporation having general voting rights shall vote together as one class on all
matters submitted to a vote of stockholders of the Corporation.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">(C)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Except
as set forth herein, or as otherwise required by law, holders of Series B Preferred Stock shall have no special voting rights
and their consent shall not be required (except to the extent they are entitled to vote with holders of Common Stock as set forth
herein) for taking any corporate action.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">Section&nbsp;4.&#9;<U>Certain
Restrictions</U>.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">(A)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Whenever
quarterly dividends or other dividends or distributions payable on the Series B Preferred Stock as provided in Section&nbsp;2
are in arrears, thereafter and until all accrued and unpaid dividends and distributions, whether or not declared, on shares of
Series B Preferred Stock outstanding shall have been paid in full, the Corporation shall not:</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">&#9;(i)&#9;declare
or pay dividends, or make any other distributions, on any shares of stock ranking junior (either as to dividends or upon liquidation,
dissolution or winding-up) to the Series B Preferred Stock;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">&#9;(ii)&#9;declare
or pay dividends, or make any other distributions, on any shares of stock ranking on a parity (either as to dividends or upon
liquidation, dissolution or winding-up) with the Series B Preferred Stock, except dividends paid ratably on the Series B Preferred
Stock and all such parity stock on which dividends are payable or in arrears in proportion to the total amounts to which the holders
of all such shares are then entitled; or</FONT></P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt"></FONT></P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">&#9;(iii)&#9;redeem
or purchase or otherwise acquire for consideration shares of any stock ranking junior (either as to dividends or upon liquidation,
dissolution or winding-up) to the Series B Preferred Stock, provided that the Corporation may at any time redeem, purchase or
otherwise acquire shares of any such junior stock in exchange for shares of any stock of the Corporation ranking junior (as to
dividends and upon dissolution, liquidation or winding-up) to the Series B Preferred Stock.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">(B)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Corporation shall not permit any subsidiary of the Corporation to purchase or otherwise acquire for consideration any shares of
stock of the Corporation unless the Corporation could, under paragraph&nbsp;(A) of this Section&nbsp;4, purchase or otherwise
acquire such shares at such time and in such manner.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">Section&nbsp;5.&#9;<U>Reacquired
Shares</U>. Any shares of Series B Preferred Stock purchased or otherwise acquired by the Corporation in any manner whatsoever
shall be retired and canceled promptly after the acquisition thereof. The Corporation shall take all such actions as are necessary
to cause all such shares to become authorized but unissued shares of Preferred Stock that may be reissued as part of a new series
of Preferred Stock subject to the conditions and restrictions on issuance set forth herein or in the Certificate of Incorporation,
including any Certificate of Designation creating a series of Preferred Stock or any similar stock, or as otherwise required by
law.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">Section&nbsp;6.&#9;<U>Liquidation,
Dissolution or Winding-Up</U>.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">(A)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Upon
any liquidation, dissolution or winding-up of the Corporation, voluntary or otherwise, no distribution shall be made to the holders
of stock ranking junior (either as to dividends or upon liquidation, dissolution or winding-up) to the Series B Preferred Stock
unless, prior thereto, the holders of Series B Preferred Stock shall have received an amount per share (the &ldquo;<B>Series B
Liquidation Preference</B>&rdquo;) equal to an amount per share, subject to the provision for adjustment hereinafter set forth,
equal to 1,000&nbsp;multiplied by the aggregate amount to be distributed per share to holders of shares of Common Stock plus an
amount equal to any accrued and unpaid dividends. In the event the Corporation shall at any time declare or pay any dividend on
the Common Stock payable in shares of Common Stock, or effect a subdivision or combination or consolidation of the outstanding
shares of Common Stock (by reclassification or otherwise than by payment of a dividend in shares of Common Stock) into a greater
or lesser number of shares of Common Stock, then in each such case the aggregate amount to which holders of shares of Series B
Preferred Stock were entitled immediately prior to such event under the preceding sentence shall be adjusted by multiplying such
amount by a fraction, the numerator of which is the number of shares of Common Stock outstanding immediately after such event
and the denominator of which is the number of shares of Common Stock that were outstanding immediately prior to such event.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">(B)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If
there are not sufficient assets available to permit payment in full of the Series B Liquidation Preference and the liquidation
preferences of all other classes and series of stock of the Corporation, if any, that rank on a parity with the Series B Preferred
Stock in respect thereof, then the assets available for such distribution shall be distributed ratably to the holders of the Series
B Preferred Stock and the holders of such parity shares in proportion to their respective liquidation preferences.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt"></FONT></P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">(C)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Neither
the merger or consolidation of the Corporation into or with another entity nor the merger or consolidation of any other entity
into or with the Corporation shall be deemed to be a liquidation, dissolution or winding-up of the Corporation within the meaning
of this Section 6.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">Section&nbsp;7.&#9;<U>Consolidation,
Merger, Etc.</U> If the Corporation shall enter into any consolidation, merger, combination or other transaction in which the
shares of Common Stock are exchanged for or changed into other stock or securities, cash and/or any other property, then in any
such case each share of Series B Preferred Stock shall at the same time be similarly exchanged or changed into an amount per share,
subject to the provision for adjustment hereinafter set forth, equal to 1,000&nbsp;multiplied by the aggregate amount of stock,
securities, cash and/or any other property (payable in kind), as the case may be, into which or for which each share of Common
Stock is changed or exchanged. In the event the Corporation shall at any time declare or pay any dividend on the Common Stock
payable in shares of Common Stock, or effect a subdivision or combination or consolidation of the outstanding shares of Common
Stock (by reclassification or otherwise than by payment of a dividend in shares of Common Stock) into a greater or lesser number
of shares of Common Stock, then in each such case the amount set forth in the preceding sentence with respect to the exchange
or change of shares of Series B Preferred Stock shall be adjusted by multiplying such amount by a fraction, the numerator of which
is the number of shares of Common Stock outstanding immediately after such event and the denominator of which is the number of
shares of Common Stock that were outstanding immediately prior to such event.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">Section&nbsp;8.&#9;<U>Amendment</U>.
While any Series B Preferred Stock is issued and outstanding, the Certificate of Incorporation shall not be amended in any manner,
including in a merger or consolidation, which would alter, change or repeal the powers, preferences or special rights of the Series
B Preferred Stock so as to affect them adversely without the affirmative vote of the holders of at least two-thirds of the outstanding
shares of Series B Preferred Stock, voting together as a single class.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">Section&nbsp;9.&#9;<U>Rank</U>.
The Series B Preferred Stock shall rank, with respect to the payment of dividends and upon liquidation, dissolution and winding-up,
junior to all other series of Preferred Stock, unless the terms of any such series shall provide otherwise, and shall rank senior
to the Common Stock as to such matters.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt">[<I>Signature
Page Follows</I>]</FONT></P>

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


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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">IN WITNESS
WHEREOF, this Certificate of Designation is executed on behalf of the Corporation by its duly authorized officer this 24th day
of February, 2018.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-size: 12pt"><FONT STYLE="font-size: 10pt"><B>HRG Group, Inc.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-size: 12pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 12pt">&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 12pt"><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt">/s/ Ehsan Zargar</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-left: 0.5in; text-indent: -0.5in; font-size: 12pt"><FONT STYLE="font-size: 10pt">Name:&#9; </FONT></TD>
    <TD STYLE="padding-left: 0.5in; text-indent: -0.5in; font-size: 12pt"><FONT STYLE="font-size: 10pt">Ehsan Zargar</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 4pt; width: 6%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-left: 0pt; text-indent: 0pt; font-size: 12pt; width: 4%"><FONT STYLE="font-size: 10pt">Title:&#9;</FONT></TD>
    <TD STYLE="padding-left: 0pt; text-indent: 0pt; font-size: 12pt; width: 33%"><FONT STYLE="font-size: 10pt">Executive Vice President, General Counsel, Chief Operating Officer and Corporate Secretary</FONT></TD></TR>
</TABLE>


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<TYPE>EX-4.1
<SEQUENCE>4
<FILENAME>dp87180_ex0401.htm
<DESCRIPTION>EXHIBIT 4.1
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<P STYLE="margin: 0; text-align: right"><FONT STYLE="font-size: 10pt"><B>Exhibit 4.1</B></FONT></P>

<P STYLE="margin: 0"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></P>

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

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

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

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

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

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

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt">Dated as
of February 24, 2018</FONT></P>

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

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

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt">HRG Group,
Inc.</FONT></P>

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

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

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt">AMERICAN
STOCK TRANSFER &amp; TRUST COMPANY, LLC</FONT></P>

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

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

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

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

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

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

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 5.75pt; text-align: center"><FONT STYLE="font-size: 10pt; text-transform: uppercase"><B>Table
of Contents</B></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 5.75pt; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 5.75pt; text-align: right"><FONT STYLE="font-size: 10pt"><B>Page</B></FONT></P>

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<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%">
<TR STYLE="text-align: left; vertical-align: bottom; font: 12pt Times New Roman, Times, Serif">
    <TD STYLE="width: 95%; text-align: left; text-indent: -76.5pt; padding-top: 0in; padding-bottom: 6pt; padding-left: 76.5pt"><FONT STYLE="font-size: 10pt">1.&nbsp;&nbsp;&nbsp;Definitions</FONT></TD>
    <TD STYLE="width: 5%; text-align: right; padding-top: 0in; padding-bottom: 6pt"><FONT STYLE="font-size: 10pt">1</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -76.5pt; padding-top: 0in; padding-bottom: 6pt; padding-left: 76.5pt"><FONT STYLE="font-size: 10pt">Section
    &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.&nbsp;&nbsp;&nbsp;Appointment of Rights Agent</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 6pt"><FONT STYLE="font-size: 10pt">7</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -76.5pt; padding-top: 0in; padding-bottom: 6pt; padding-left: 76.5pt"><FONT STYLE="font-size: 10pt">Section
    &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.&nbsp;&nbsp;&nbsp;Issue of Right Certificates</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 6pt"><FONT STYLE="font-size: 10pt">7</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -76.5pt; padding-top: 0in; padding-bottom: 6pt; padding-left: 76.5pt"><FONT STYLE="font-size: 10pt">Section
    &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.&nbsp;&nbsp;&nbsp;Form of Right Certificates</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 6pt"><FONT STYLE="font-size: 10pt">8</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -76.5pt; padding-top: 0in; padding-bottom: 6pt; padding-left: 76.5pt"><FONT STYLE="font-size: 10pt">Section
    &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.&nbsp;&nbsp;&nbsp;Countersignature and Registration</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 6pt">9</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -76.5pt; padding-top: 0in; padding-bottom: 6pt; padding-left: 76.5pt"><FONT STYLE="font-size: 10pt">Section
    &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.&nbsp;&nbsp;&nbsp;Transfer, Split-up, Combination and Exchange of Right Certificates;
    Mutilated, Destroyed, Lost or Stolen Right Certificates</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 6pt"><FONT STYLE="font-size: 10pt">9</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -76.5pt; padding-top: 0in; padding-bottom: 6pt; padding-left: 76.5pt"><FONT STYLE="font-size: 10pt">Section
    &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.&nbsp;&nbsp;&nbsp;Exercise of Rights; Purchase Price; Expiration Date of Rights</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 6pt"><FONT STYLE="font-size: 10pt">10</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -76.5pt; padding-top: 0in; padding-bottom: 6pt; padding-left: 76.5pt"><FONT STYLE="font-size: 10pt">Section
    &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.&nbsp;&nbsp;&nbsp;Cancellation and Destruction of Right Certificates</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 6pt"><FONT STYLE="font-size: 10pt">12</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -76.5pt; padding-top: 0in; padding-bottom: 6pt; padding-left: 76.5pt"><FONT STYLE="font-size: 10pt">Section
    &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.&nbsp;&nbsp;&nbsp;Status and Availability of Preferred Shares</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 6pt"><FONT STYLE="font-size: 10pt">12</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -76.5pt; padding-top: 0in; padding-bottom: 6pt; padding-left: 76.5pt"><FONT STYLE="font-size: 10pt">Section
    &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10.&nbsp;&nbsp;&nbsp;Preferred Shares Record Date</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 6pt"><FONT STYLE="font-size: 10pt">12</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -76.5pt; padding-top: 0in; padding-bottom: 6pt; padding-left: 76.5pt"><FONT STYLE="font-size: 10pt">Section
    &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11.&nbsp;&nbsp;&nbsp;Adjustment of Purchase Price, Number of Shares or Number of
    Rights</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 6pt"><FONT STYLE="font-size: 10pt">13</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -76.5pt; padding-top: 0in; padding-bottom: 6pt; padding-left: 76.5pt"><FONT STYLE="font-size: 10pt">Section
    &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12.&nbsp;&nbsp;&nbsp;Certificate of Adjustment</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 6pt"><FONT STYLE="font-size: 10pt">19</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -76.5pt; padding-top: 0in; padding-bottom: 6pt; padding-left: 76.5pt"><FONT STYLE="font-size: 10pt">Section
    &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13.&nbsp;&nbsp;&nbsp;Consolidation, Merger, Sale or Transfer of Assets or Earning
    Power</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 6pt"><FONT STYLE="font-size: 10pt">18</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -76.5pt; padding-top: 0in; padding-bottom: 6pt; padding-left: 76.5pt"><FONT STYLE="font-size: 10pt">Section
    &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14.&nbsp;&nbsp;&nbsp;Fractional Rights and Fractional Shares</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 6pt"><FONT STYLE="font-size: 10pt">20</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -76.5pt; padding-top: 0in; padding-bottom: 6pt; padding-left: 76.5pt"><FONT STYLE="font-size: 10pt">Section
    &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15.&nbsp;&nbsp;&nbsp;Rights of Action</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 6pt"><FONT STYLE="font-size: 10pt">21</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -76.5pt; padding-top: 0in; padding-bottom: 6pt; padding-left: 76.5pt"><FONT STYLE="font-size: 10pt">Section
    &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16.&nbsp;&nbsp;&nbsp;Agreement of Right Holders</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 6pt"><FONT STYLE="font-size: 10pt">21</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -76.5pt; padding-top: 0in; padding-bottom: 6pt; padding-left: 76.5pt"><FONT STYLE="font-size: 10pt">Section
    &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17.&nbsp;&nbsp;&nbsp;Right Certificate Holder Not Deemed a Stockholder</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 6pt"><FONT STYLE="font-size: 10pt">22</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -76.5pt; padding-top: 0in; padding-bottom: 6pt; padding-left: 76.5pt"><FONT STYLE="font-size: 10pt">Section
    &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18.&nbsp;&nbsp;&nbsp;Concerning the Rights Agent</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 6pt"><FONT STYLE="font-size: 10pt">22</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -76.5pt; padding-top: 0in; padding-bottom: 6pt; padding-left: 76.5pt"><FONT STYLE="font-size: 10pt">Section
    &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19.&nbsp;&nbsp;&nbsp;Merger or Consolidation or Change of Name of Rights Agent</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 6pt"><FONT STYLE="font-size: 10pt">23</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -76.5pt; padding-top: 0in; padding-bottom: 6pt; padding-left: 76.5pt"><FONT STYLE="font-size: 10pt">Section
    &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20.&nbsp;&nbsp;&nbsp;Duties of Rights Agent</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 6pt"><FONT STYLE="font-size: 10pt">23</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -76.5pt; padding-top: 0in; padding-bottom: 6pt; padding-left: 76.5pt"><FONT STYLE="font-size: 10pt">Section
    &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21.&nbsp;&nbsp;&nbsp;Change of Rights Agent</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 6pt"><FONT STYLE="font-size: 10pt">26</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -76.5pt; padding-top: 0in; padding-bottom: 6pt; padding-left: 76.5pt"><FONT STYLE="font-size: 10pt">Section
    &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22.&nbsp;&nbsp;&nbsp;Issuance of New Right Certificates</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 6pt"><FONT STYLE="font-size: 10pt">27</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -76.5pt; padding-top: 0in; padding-bottom: 6pt; padding-left: 76.5pt"><FONT STYLE="font-size: 10pt">Section
    &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23.&nbsp;&nbsp;&nbsp;Redemption</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 6pt"><FONT STYLE="font-size: 10pt">27</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -76.5pt; padding-top: 0in; padding-bottom: 6pt; padding-left: 76.5pt"><FONT STYLE="font-size: 10pt">Section
    &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24.&nbsp;&nbsp;&nbsp;Exchange</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 6pt"><FONT STYLE="font-size: 10pt">28</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -76.5pt; padding-top: 0in; padding-bottom: 6pt; padding-left: 76.5pt"><FONT STYLE="font-size: 10pt">Section
    &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25.&nbsp;&nbsp;&nbsp;Notice of Certain Events</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 6pt"><FONT STYLE="font-size: 10pt">29</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -76.5pt; padding-top: 0in; padding-bottom: 6pt; padding-left: 76.5pt"><FONT STYLE="font-size: 10pt">Section
    &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 26.&nbsp;&nbsp;&nbsp;Notices</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 6pt"><FONT STYLE="font-size: 10pt"></FONT>30</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -76.5pt; padding-top: 0in; padding-bottom: 6pt; padding-left: 76.5pt"><FONT STYLE="font-size: 10pt">Section
    &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27.&nbsp;&nbsp;&nbsp;Supplements and Amendments</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 6pt"><FONT STYLE="font-size: 10pt">30</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -76.5pt; padding-top: 0in; padding-bottom: 6pt; padding-left: 76.5pt"><FONT STYLE="font-size: 10pt">Section
    &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 28.&nbsp;&nbsp;&nbsp;Successors</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 6pt"><FONT STYLE="font-size: 10pt">31</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -76.5pt; padding-top: 0in; padding-bottom: 6pt; padding-left: 76.5pt"><FONT STYLE="font-size: 10pt">Section
    &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29.&nbsp;&nbsp;&nbsp;Benefits of this Agreement</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 6pt"><FONT STYLE="font-size: 10pt">31</FONT></TD></TR>
</TABLE>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 5.75pt; text-align: center"><FONT STYLE="font-size: 10pt; text-transform: uppercase"><B>Table
of Contents</B></FONT><B>&nbsp;</B></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 5.75pt; text-align: right"><FONT STYLE="font-size: 10pt"><B>Page</B></FONT></P>

<P STYLE="margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%">
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -76.5pt; padding-top: 0in; padding-bottom: 6pt; padding-left: 76.5pt; width: 95%"><FONT STYLE="font-size: 10pt">Section
    &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 30.&nbsp;&nbsp;&nbsp;Severability</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 6pt; width: 5%"><FONT STYLE="font-size: 10pt">31</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -76.5pt; padding-top: 0in; padding-bottom: 6pt; padding-left: 76.5pt"><FONT STYLE="font-size: 10pt">Section
    &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 31.&nbsp;&nbsp;&nbsp;Governing Law</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 6pt"><FONT STYLE="font-size: 10pt">31</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -76.5pt; padding-top: 0in; padding-bottom: 6pt; padding-left: 76.5pt"><FONT STYLE="font-size: 10pt">Section
    &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 32.&nbsp;&nbsp;&nbsp;Counterparts</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 6pt"><FONT STYLE="font-size: 10pt">32</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -76.5pt; padding-top: 0in; padding-bottom: 6pt; padding-left: 76.5pt"><FONT STYLE="font-size: 10pt">Section
    &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 33.&nbsp;&nbsp;&nbsp;Descriptive Headings</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 6pt"><FONT STYLE="font-size: 10pt">32</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -76.5pt; padding-top: 0in; padding-bottom: 6pt; padding-left: 76.5pt"><FONT STYLE="font-size: 10pt">Section
    &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 34.&nbsp;&nbsp;&nbsp;Administration</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 6pt"><FONT STYLE="font-size: 10pt">32</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -76.5pt; padding-top: 0in; padding-bottom: 6pt; padding-left: 76.5pt"><FONT STYLE="font-size: 10pt">Section
    &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 35.&nbsp;&nbsp;&nbsp;Force Majeure</FONT></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 6pt"><FONT STYLE="font-size: 10pt">32</FONT></TD></TR>
</TABLE>

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<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

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

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

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center"><FONT STYLE="font-size: 10pt; font-weight: normal">RIGHTS
AGREEMENT</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">This Rights
Agreement (this &ldquo;<B>Agreement</B>&rdquo;), dated as of February 24, 2018, is between HRG Group, Inc., a Delaware corporation
(the &ldquo;<B>Company</B>&rdquo;), and American Stock Transfer &amp; Trust Company, LLC, a limited liability trust company (the
&ldquo;<B>Rights Agent</B>&rdquo;).</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">The Company
has generated certain Tax Benefits for United States federal income tax purposes and the Company desires to avoid an &ldquo;ownership
change&rdquo; within the meaning of Section 382 of the Code and to preserve the Company&rsquo;s ability to utilize such Tax Benefits.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">The Board
of Directors of the Company (the &ldquo;<B>Board of Directors</B>&rdquo;) has authorized and declared a dividend of one preferred
share purchase right (a &ldquo;<B>Right</B>&rdquo;) for each share of Common Stock, par value $0.01 per share, of the Company
outstanding on the Close of Business on March 8, 2018 (the &ldquo;<B>Record Date</B>&rdquo;) and has authorized the issuance of
one Right with respect to each additional Common Share issued by the Company between the Record Date and the earliest of (i) the
Close of Business on the Distribution Date, (ii) the Redemption Date and (iii) the Final Expiration Date, and additional Common
Shares that shall become outstanding after the Distribution Date as provided in Section&nbsp;22 of this Agreement, each Right
initially representing the right to purchase one one-thousandth of a Preferred Share, subject to adjustment, upon the terms and
subject to the conditions hereof.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Accordingly,
in consideration of the premises and the mutual agreements herein set forth, the parties agree as follows:</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><FONT STYLE="font-size: 10pt"><B>1.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Definitions.
</B>For purposes of this Agreement, the following terms have the meanings indicated:</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">1.1<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<B>Acquiring Person</B>&rdquo; means any Person (other than an Exempt Person) who or which, together with all Affiliates
and Associates of such Person shall be the Beneficial Owner of 4.9 % or more of the Common Shares of the Company then outstanding,
but shall not include (i)&nbsp;the Company, (ii)&nbsp;any Subsidiary of the Company, (iii) CF Turul LLC, Leucadia National Corporation,
and any of their respective Subsidiaries, (iv) any employee benefit plan of the Company or of any Subsidiary of the Company, (v)&nbsp;any
entity holding Common Shares for or pursuant to the terms of any such employee benefit plan or (vi)&nbsp;any Person who or which,
at the time of the first public announcement of this Agreement, is a Beneficial Owner of 4.9% or more of the Common Shares of
the Company then outstanding (a &ldquo;<B>Grandfathered Stockholder</B>&rdquo;); <I>provided</I>, <I>however</I>, that if a Grandfathered
Stockholder becomes, after such time, the Beneficial Owner of any additional Common Shares then such Grandfathered Stockholder
shall no longer be deemed to be a Grandfathered Stockholder unless, upon such acquisition of Beneficial Ownership of additional
Common Shares, such Person is not the Beneficial Owner of 4.9% or more of the Common Shares then outstanding; <I>provided</I>,
<I>further</I>, that upon the first decrease of a Grandfathered Stockholder&rsquo;s Beneficial Ownership below 4.9%, such Grandfathered
Stockholder shall no longer be deemed to be a Grandfathered Stockholder and this clause (vi) shall have no further force or effect
with respect to such Person. For the avoidance of doubt, in the event that after the time of the first public announcement of
this Agreement, any agreement, arrangement or understanding pursuant to which any Grandfathered Stockholder is deemed to be the
Beneficial Owner of Common Shares expires, terminates or no longer confers any benefit to</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt"></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt"><FONT STYLE="font-size: 10pt">or
imposes any obligation on the Grandfathered Stockholder, any direct or indirect replacement, extension or substitution of such
agreement, arrangement or understanding with respect to the same or different Common Shares that confers Beneficial Ownership
of Common Shares shall be considered the acquisition of Beneficial Ownership of additional Common Shares by the Grandfathered
Stockholder and render such Grandfathered Stockholder an Acquiring Person for purposes of this Agreement unless, upon such acquisition
of Beneficial Ownership of additional Common Shares, such person is not the Beneficial Owner of 4.9% or more of the Common Shares
then outstanding.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Notwithstanding
the foregoing, no Person shall become an Acquiring Person as the result of an acquisition of Common Shares by the Company (or
any other action of the Company or to which the Company is a party having the effect of reducing the number of shares outstanding)
which, by reducing the number of shares outstanding, increases the proportionate number of shares Beneficially Owned by such Person
to 4.9% (or such other percentage as would otherwise result in such Person becoming an Acquiring Person) or more of the Common
Shares of the Company then outstanding; <I>provided</I>, <I>however</I>, that if a Person would, but for the provisions of this
paragraph, become an Acquiring Person by reason of such action and following such action, such Person becomes the Beneficial Owner
of any additional Common Shares of the Company such that the Person is or thereby becomes the Beneficial Owner of 4.9% (or such
other percentage as would otherwise result in such Person becoming an Acquiring Person) or more of the Common Shares of the Company
then outstanding (other than as a result of any action of the Company or to which the Company is a party described in this paragraph),
then such Person shall be deemed to be an Acquiring Person.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Notwithstanding
the foregoing, if the Board of Directors determines in good faith that a Person who would otherwise be an Acquiring Person has
become such inadvertently, and such Person divests as promptly as practicable a sufficient number of Common Shares so that such
Person would no longer be an Acquiring Person, then such Person shall not be deemed to have become an Acquiring Person. Notwithstanding
the foregoing, if a bona fide swaps dealer who would otherwise be an &ldquo;Acquiring Person&rdquo; has become so as a result
of its actions in the ordinary course of its business that the Board of Directors determines, in its sole discretion, were taken
without the intent or effect of evading or assisting any other Person to evade the purposes and intent of this Agreement, or otherwise
seeking to control or influence the management or policies of the Company, then, and unless and until the Board of Directors shall
otherwise determine, such Person shall not be deemed to be an &ldquo;Acquiring Person.&rdquo;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Notwithstanding
the foregoing, no Person shall become an &ldquo;Acquiring Person&rdquo; solely as a result of an Exempt Transaction.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">1.2<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<B>Affiliate</B>&rdquo; and &ldquo;<B>Associate</B>&rdquo; shall have the respective meanings ascribed to such terms
in Rule&nbsp;12b-2 promulgated under the Exchange Act, as in effect on the date of this Agreement.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">1.3<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>A Person shall be deemed the &ldquo;<B>Beneficial Owner</B>&rdquo; of and shall be deemed to &ldquo;<B>Beneficially Own</B>,&rdquo;
or have &ldquo;<B>Beneficial Ownership</B>&rdquo; of, any securities:</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"></FONT></P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">1.3.1<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>which such Person actually owns (directly or indirectly) or would be deemed to actually or constructively own pursuant
to Section 382 of the Code and the Treasury Regulations promulgated thereunder (including any coordinated acquisition of securities
by any Persons who have a formal or informal understanding with respect to such acquisition (to the extent ownership of such securities
would be attributed to such Persons under Section 382 of the Code and the Treasury Regulations promulgated thereunder));</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">1.3.2<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>which such Person or any of such Person&rsquo;s Affiliates or Associates beneficially owns, directly or indirectly, within
the meaning of Rules 13d-3 or 13d-5 promulgated under the Exchange Act, as in effect on the date of this Agreement;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">1.3.3<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>which such Person or any of such Person&rsquo;s Affiliates or Associates has (i)&nbsp;the right or ability to vote, cause
to be voted or control or direct the voting of pursuant to any agreement, arrangement or understanding, whether or not in writing;
<I>provided</I>, <I>however</I>, that a Person shall not be deemed the Beneficial Owner of, or to Beneficially Own, any security
if the agreement, arrangement or understanding to vote such security (A)&nbsp;arises solely from a revocable proxy or consent
given to such Person in response to a public proxy or consent solicitation made pursuant to, and in accordance with, the applicable
rules and regulations promulgated under the Exchange Act and (B)&nbsp;is not also then reportable on a statement on Schedule&nbsp;13D
under the Exchange Act (or any comparable or successor report) or (ii)&nbsp;the right or the obligation to become the Beneficial
Owner (whether such right is exercisable or such obligation is required to be performed immediately or only after the passage
of time, the occurrence of conditions or the satisfaction of regulatory requirements) pursuant to any agreement, arrangement or
understanding, whether or not in writing (other than customary agreements with and between underwriters and selling group members
with respect to a bona fide public offering of securities), written or otherwise, or upon the exercise of conversion rights, exchange
rights, rights (other than the Rights), warrants or options, or otherwise, through conversion of a security, pursuant to the power
to revoke a trust, discretionary account or similar arrangement, pursuant to the power to terminate a repurchase or similar so-called
&ldquo;stock-borrowing&rdquo; agreement or arrangement, or pursuant to the automatic termination of a trust, discretionary account
or similar arrangement; <I>provided</I>, <I>however</I>, that a Person shall not be deemed to be the Beneficial Owner of, or to
Beneficially Own, securities tendered pursuant to a tender or exchange offer made pursuant to, and in accordance with, the applicable
rules and regulations promulgated under the Exchange Act until such tendered securities are accepted for purchase or exchange;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">1.3.4<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>which are Beneficially Owned (within the meaning of the preceding subsections of this Section 1.3), directly or indirectly,
by any other Person with which such Person or any of such Person&rsquo;s Affiliates or Associates has any agreement, arrangement
or understanding, whether or not in writing, for the purpose of acquiring, holding, voting or disposing of any securities of the
Company or cooperating in obtaining, changing or influencing the control of the Company; or</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">1.3.5<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>which are the subject of, or the reference securities for, or that underlie, any Derivative Position of such Person or
any of such Person&rsquo;s Affiliates or Associates, with the number of Common Shares deemed Beneficially Owned in respect of
a Derivative Position being the notional or other number of Common Shares in respect of such Derivative Position that is specified
in (i) one or more filings with the Securities and Exchange Commission by such</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt"></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt"><FONT STYLE="font-size: 10pt">Person
or any of such Person&rsquo;s Affiliates or Associates or (ii) the documentation evidencing such Derivative Position as the basis
upon which the value or settlement amount of such Derivative Position, or the opportunity of the holder of such Derivative Position
to profit or share in any profit, is to be calculated in whole or in part (whichever of (i) or (ii) is greater), or if no such
number of Common Shares is specified in such filings or documentation (or such documentation is not available to the Board of
Directors), as determined by the Board of Directors in its reasonable discretion.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Notwithstanding
anything in this definition of Beneficial Owner to the contrary, the phrase &ldquo;<B>then outstanding</B>,&rdquo; when used with
reference to a Person&rsquo;s Beneficial Ownership of securities of the Company, means the number of such securities then issued
and outstanding together with the number of such securities not then actually issued and outstanding which such Person would be
deemed to Beneficially Own hereunder.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">1.4<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<B>Business Day</B>&rdquo; means any day other than a Saturday, a Sunday or a day on which banking institutions
in the state of New York are authorized or obligated by law or executive order to close.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">1.5<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<B>Close of Business</B>&rdquo; on any given date means 5:00&nbsp;p.m., New York time, on such date; <I>provided</I>,
<I>however</I>, that if such date is not a Business Day, it means 5:00&nbsp;p.m., New York time, on the next succeeding Business
Day.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">1.6<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<B>Code</B>&rdquo; shall mean the Internal Revenue Code of 1986, as amended.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">1.7<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<B>Common Shares</B>,&rdquo; when used with reference to the Company, means the shares of Common Stock, par value
$0.01 per share, of the Company. &ldquo;<B>Common Shares</B>,&rdquo; when used with reference to any Person other than the Company,
means the capital stock (or equity interest) with the greatest voting power of such other Person or, if such other Person is a
Subsidiary of another Person, the Person or Persons which ultimately control such first-mentioned Person.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">1.8<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<B>Common Stock Equivalents</B>&rdquo; has the meaning set forth in Section&nbsp;11.1.3(ii)(C).</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">1.9<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<B>Current Per Share Market Price</B>&rdquo; has the meaning set forth in Section&nbsp;11.4.1.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">1.10<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<B>Current Value</B>&rdquo; has the meaning set forth in Section&nbsp;11.1.3(i)(A).</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">1.11<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<B>Derivative Position</B>&rdquo; shall mean any option, warrant, convertible security, stock appreciation right,
or other security, contract right or derivative position or similar right (including any &ldquo;swap&rdquo; transaction with respect
to any security, other than a broad based market basket or index), whether or not presently exercisable, that has an exercise
or conversion privilege or a settlement payment or mechanism at a price related to the value of the Common Shares or a value determined
in whole or in part with reference to, or derived in whole or in part from, the value of the Common Shares and that increases
in value as the market price or value of the Common Shares increases or that provides an opportunity, directly or indirectly,
to profit or share in any profit derived from any increase in the value of the Common Shares, in each case regardless of whether
(i) it conveys any voting rights in such Common Shares to any Person, (ii) it is required to be, or capable of being, settled
through delivery of Common Shares or (iii) any Person (including the holder of such Derivative Position) may have entered into
other transactions that hedge its economic effect.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"></FONT></P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">1.12<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<B>Distribution Date</B>&rdquo; has the meaning set forth in Section&nbsp;3.1.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">1.13<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<B>Earning Power</B>&rdquo; has the meaning set forth in Section 13.3.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">1.14<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<B>Equivalent Preferred Shares</B>&rdquo; has the meaning set forth in Section&nbsp;11.2.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">1.15<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<B>Exchange Act</B>&rdquo; means the Securities Exchange Act of 1934, as amended.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">1.16<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<B>Exchange Property</B>&rdquo; has the meaning set forth in Section 24.6.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">1.17<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<B>Exchange Ratio</B>&rdquo; has the meaning set forth in Section&nbsp;24.1.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">1.18<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<B>Exchange Recipients</B>&rdquo; has the meaning set forth in Section 24.6.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">1.19<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<B>Exempt Person</B>&rdquo; shall mean any Person in respect of which the Board of Directors determines that (i)
such Person should be exempt from this Agreement and (ii) the exemption of such Person from this Agreement is consistent with
the preservation of the Company&rsquo;s Tax Benefits, which determination shall be made in the sole and absolute discretion of
the Board of Directors; <I>provided</I>, that any Person will cease to be an Exempt Person if the Board of Directors makes a contrary
determination with respect to such Person regardless of the reason therefor.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">1.20<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><B>&ldquo;Exempt Transaction&rdquo;</B> means (i) any transaction that the Board of Directors determines is exempt from
this Agreement, which determination shall be made in the sole and absolute discretion of the Board of Directors, including, for
the avoidance of doubt, the transactions contemplated by the Merger Agreement and (ii) any acquisition, disposition or other transfer
by CF Turul LLC, Leucadia National Corporation, or any of their respective Subsidiaries.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">1.21<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<B>Final Expiration Date</B>&rdquo; means the earlier of (i) the Close of Business on the one-year anniversary date
of the date of this Agreement and (ii) the Close of Business on the date which is 60 days following the termination of the Merger
Agreement in accordance with its terms.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">1.22<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<B>Grandfathered Stockholder</B>&rdquo; has the meaning set forth in Section&nbsp;1.1.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">1.23<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<B>Merger Agreement</B>&rdquo; means that certain Agreement and Plan of Merger dated as of the date hereof, by and
among the Company, Spectrum Brands Holdings, Inc., HRG SPV Sub I, Inc. and HRG SPV Sub II, LLC.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">1.24<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<B>NYSE</B>&rdquo; means the New York Stock Exchange.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">1.25<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<B>Person</B>&rdquo; means any individual, firm, corporation, partnership, limited partnership, limited liability
partnership, business trust, limited liability company, unincorporated association or other entity, and shall include any successor
(by merger or otherwise) of such entity.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"></FONT></P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">1.26<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<B>Preferred Shares</B>&rdquo; means shares of Series B Preferred Stock, par value $0.01 per share, of the Company
having such rights and preferences as are set forth in the form of Certificate of Designation set forth as <B>Exhibit&nbsp;A</B>
hereto, as the same may be amended from time to time.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">1.27<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<B>Purchase Price</B>&rdquo; has the meaning set forth in Section&nbsp;7.2.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">1.28<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<B>Redemption Date</B>&rdquo; has the meaning set forth in Section&nbsp;23.2.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">1.29<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<B>Redemption Price</B>&rdquo; has the meaning set forth in Section 23.1.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">1.30<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<B>Right Certificate</B>&rdquo; means a certificate evidencing a Right substantially in the form of <B>Exhibit&nbsp;B
</B>hereto.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">1.31<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<B>Spread</B>&rdquo; has the meaning set forth in Section&nbsp;11.1.3(i).</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">1.32<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<B>Stock Acquisition Date</B>&rdquo; means the earliest of the date of (i)&nbsp;the public announcement by the Company
or an Acquiring Person that an Acquiring Person has become such (which, for purposes of this definition, shall include a statement
on Schedule 13D filed pursuant to the Exchange Act), (ii)&nbsp;the public disclosure of facts by the Company or an Acquiring Person
that reveals the existence of an Acquiring Person or indicating that an Acquiring Person has become an Acquiring Person, and (iii)
the Board of Directors becoming aware of the existence of an Acquiring Person; provided, however, that notwithstanding anything
in this Agreement to the contrary, a Stock Acquisition Date shall not occur and shall not be deemed to have occurred as a result
of an Exempt Transaction.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">1.33<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<B>Subsidiary</B>&rdquo; of any Person means any Person of which a majority of the voting power of the voting equity
securities or equity interest is owned, directly or indirectly, by such Person.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">1.34<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<B>Substitution Period</B>&rdquo; has the meaning set forth in Section&nbsp;11.1.3.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">1.35<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<B>Summary of Rights</B>&rdquo; means the Summary of Rights to Purchase Preferred Shares substantially in the form
of <B>Exhibit&nbsp;C</B> hereto.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">1.36<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<B>Tax Benefits</B>&rdquo; shall mean the net operating loss carryovers, capital loss carryovers, general business
credit carryovers, alternative minimum tax credit carryovers and foreign tax credit carryovers, as well as any loss or deduction
attributable to a &ldquo;net unrealized built-in loss&rdquo; within the meaning of Section 382 of the Code and the Treasury Regulations
promulgated thereunder, of the Company or any of its Subsidiaries.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">1.37<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<B>Trading Day</B>&rdquo; means a day on which the principal national securities exchange on which a security is
listed or admitted to trading is open for the transaction of business or, if a security is not listed or admitted to trading on
any national securities exchange, a Business Day.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"></P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">1.38<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<B>Treasury Regulations</B>&rdquo; shall mean any final, temporary and proposed regulation of the Department of
Treasury under the Code and any successor regulation, including any amendments thereto.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">1.39<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<B>Trust</B>&rdquo; has the meaning set forth in Section 24.6.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><FONT STYLE="font-size: 10pt; font-weight: normal">2.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Appointment of Rights Agent</FONT><FONT STYLE="font-size: 10pt">. The Company hereby appoints the Rights Agent to act as
rights agent for the Company in accordance with the express terms and conditions hereof (and no implied terms or conditions),
and the Rights Agent hereby accepts such appointment. The Company may from time to time appoint such co-rights agents as it may
deem necessary or desirable, upon 10 days&rsquo; prior written notice to the Rights Agent. The Rights Agent shall have no duty
to supervise, and shall in no event be liable for, the acts or omissions of any such co-rights agent. In the event the Company
appoints one or more co-rights agents, the respective duties of the Rights Agent and any co-rights Agent shall be as the Company
shall reasonably determine, provided that such duties and determination are consistent with the terms and provisions of this Agreement
and that contemporaneously with such appointment, if any, the Company shall notify the Rights Agent in writing thereof.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><FONT STYLE="font-size: 10pt; font-weight: normal">3.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Issue of Right Certificates</FONT><FONT STYLE="font-size: 10pt">.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">3.1<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Until the earlier of (i)&nbsp;the Close of Business on the tenth day after the Stock Acquisition Date (or, in the event
the Board of Directors determines on or before such tenth day to effect an exchange in accordance with Section 24 and determines
in accordance with Section 24.6 that a later date is advisable, such later date) or (ii)&nbsp;the Close of Business on the tenth
Business Day (or such later date as may be determined by action of the Board of Directors prior to such time as any Person becomes
an Acquiring Person) after the date of the commencement by any Person (other than a Person who is not an Acquiring Person) of
a tender or exchange offer the consummation of which would result in any Person becoming an Acquiring Person (such date being
herein referred to as the &ldquo;<B>Distribution Date</B>&rdquo;); <I>provided, however</I>, that notwithstanding anything in
this Agreement to the contrary, a Distribution Date shall not occur and shall not be deemed to have occurred as a result of an
Exempt Transaction (<I>provided</I>, <I>however</I>, that if such tender or exchange offer is terminated prior to the occurrence
of a Distribution Date, then no Distribution Date shall occur as a result of such tender or exchange offer), (x)&nbsp;the Rights
will be evidenced by the certificates (or other evidence of book-entry or other uncertificated ownership) for Common Shares registered
in the names of the holders thereof (which shall also be deemed to be Right Certificates) and not by separate Right Certificates,
and (y)&nbsp;the right to receive Right Certificates will be transferable only in connection with the transfer of Common Shares.
As soon as practicable after the Distribution Date, the Company will prepare and execute, the Rights Agent will countersign, and
the Company will send or cause to be sent (and the Rights Agent will, if requested, at the expense of the Company and upon receipt
of all relevant information, send) by first-class, postage-prepaid mail, to each record holder of Common Shares as of the Close
of Business on the Distribution Date, at the address of such holder shown on the records of the Company, a Rights Certificate,
substantially in the form of <B>Exhibit&nbsp;B</B> hereto, evidencing one Right for each Common Share so held, subject to adjustment
as provided herein; <I>provided</I>, <I>however</I>, that the Rights may instead be recorded in book-entry or other uncertificated
form, in which case such book-entries or other evidence of ownership shall be deemed to be Right Certificates for all purposes
of this Agreement; <I>provided</I>, <I></I></FONT></P>

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

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt"><FONT STYLE="font-size: 10pt"><I>further</I>,
that all procedures relating to actions to be taken or information to be provided with respect to such Rights recorded in book-entry
or other uncertificated forms, and all requirements with respect to the form of any Rights Certificate set forth in this Agreement,
may be modified as necessary or appropriate to reflect book-entry or other uncertificated ownership. As of the Distribution Date,
the Rights will be evidenced solely by such Right Certificates.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">3.2<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>As soon as practicable after the Record Date, the Company will make available a copy of the Summary of Rights to any holder
of Rights who may request it prior to the Final Expiration Date. The Company shall provide the Rights Agent with written notice
of the occurrence of the Final Expiration Date and the Rights Agent shall not be deemed to have knowledge of the occurrence of
the Final Expiration Date, unless and until it shall have received such written notice.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">3.3<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Certificates for Common Shares which become outstanding (including reacquired Common Shares referred to in the last sentence
of this Section&nbsp;3.3) after the Record Date but prior to the earliest of (i) the Close of Business on the Distribution Date,
(ii)&nbsp;the Redemption Date and (iii) the Final Expiration Date shall have impressed on, printed on, written on or otherwise
affixed to them a legend in substantially the following form:</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0.5in"><FONT STYLE="font-size: 10pt">This certificate also evidences
and entitles the holder hereof to certain Rights as set forth in a Rights Agreement between HRG Group, Inc. and American Stock
Transfer &amp; Trust Company, LLC, as Rights Agent (or any successor rights agent), dated as of February 24, 2018, as it may from
time to time be amended or supplemented pursuant to its terms (the &ldquo;<B>Rights Agreement</B>&rdquo;), the terms of which
are hereby incorporated herein by reference and a copy of which is on file at the principal executive offices of HRG Group, Inc.
The Rights are not exercisable prior to the occurrence of certain events specified in the Rights Agreement. Under certain circumstances,
as set forth in the Rights Agreement, such Rights will be evidenced separately and will no longer be evidenced by this certificate.
HRG Group, Inc. will mail to the holder of this certificate a copy of the Rights Agreement without charge after receipt of a written
request therefor. Under certain circumstances, Rights that are or were acquired or Beneficially Owned by Acquiring Persons (as
defined in the Rights Agreement) may become null and void.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">If the Company purchases or acquires
any Common Shares after the Record Date but prior to the Close of Business on the Distribution Date, any Rights associated with
such Common Shares shall be deemed canceled and retired so that the Company shall not be entitled to exercise any Rights associated
with the Common Shares which are no longer outstanding.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><FONT STYLE="font-size: 10pt; font-weight: normal">4.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Form of Right Certificates</FONT><FONT STYLE="font-size: 10pt">. Right Certificates (and the forms of election to purchase
Preferred Shares and of assignment to be printed on the reverse thereof) shall be substantially the same as <B>Exhibit&nbsp;B
</B>hereto and may have such marks of identification or designation and such legends, summaries or endorsements printed thereon
as the Company may deem appropriate and as are not inconsistent with the provisions of this Agreement (but which do not affect
the rights, duties, liabilities or responsibilities of the Rights Agent), or as may be required to comply with any applicable
law or with any rule or regulation made pursuant thereto or with any rule or</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt"></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt"><FONT STYLE="font-size: 10pt">regulation
of any stock exchange on which the Rights may from time to time be listed, or to conform to usage. Subject to the other provisions
of this Agreement, the Right Certificates shall entitle the holders thereof to purchase such number of one one-thousandths of
a Preferred Share as shall be set forth therein at the Purchase Price, but the amount and type of securities purchasable upon
exercise and the Purchase Price shall be subject to adjustment as provided herein.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><FONT STYLE="font-size: 10pt; font-weight: normal">5.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Countersignature and Registration</FONT><FONT STYLE="font-size: 10pt">. Right Certificates shall be duly executed on behalf
of the Company by its Chief Executive Officer or its Chief Financial Officer or such other executive officer of the Company designated
by the Chief Financial Officer of the Company, either manually or by facsimile signature, and shall be attested by the Secretary
of the Company or such other executive officer of the Company designated by the Secretary of the Company, either manually or by
facsimile signature. Upon written request by the Company, the Right Certificates shall be countersigned, either manually or by
facsimile signature, by an authorized signatory of the Rights Agent, but it shall not be necessary for the same signatory to countersign
all of the Right Certificates hereunder. No Right Certificate shall be valid for any purpose unless so countersigned, either manually
or by facsimile. If any officer of the Company who shall have signed any of the Right Certificates shall cease to be such officer
of the Company before countersignature by the Rights Agent and issuance and delivery by the Company, such Right Certificates nevertheless
may be countersigned by the Rights Agent and issued and delivered by the Company with the same force and effect as though the
Person who signed such Right Certificates had not ceased to be such officer of the Company. Any Right Certificate may be signed
on behalf of the Company by any Person who, at the actual date of the execution of such Right Certificate, is a proper officer
of the Company to sign such Right Certificate, even if at the date of the execution of this Agreement such Person was not such
an officer.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Following
the Distribution Date, and receipt by the Rights Agent of written notice to that effect and all other relevant information referred
to in this Agreement, the Rights Agent will keep or cause to be kept, at its office or offices designated for such purpose, books
for registration of the transfer of the Right Certificates issued hereunder. Such books shall show the names and addresses of
the respective holders of the Right Certificates, the number of Rights evidenced on its face by each of the Right Certificates,
and the date of each of the Right Certificates.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-size: 10pt; font-weight: normal">6.</FONT></TD><TD><FONT STYLE="font-size: 10pt; font-weight: normal">Transfer,
                                         Split-up, Combination and Exchange of Right Certificates; Mutilated, Destroyed, Lost
                                         or Stolen Right Certificates</FONT><FONT STYLE="font-size: 10pt">.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 12pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 4.5pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">6.1<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Subject to the provisions of Section&nbsp;14, at any time after the Close of Business on the Distribution Date, and prior
to the earlier of the Redemption Date and the Close of Business on the Final Expiration Date, any Right Certificate (other than
a Right Certificate representing Rights that have become void pursuant to Section&nbsp;11.1.2 or that have been exchanged pursuant
to Section&nbsp;24) may be transferred, split up, combined or exchanged for another Right Certificate, entitling the registered
holder to purchase a like number of Preferred Shares as the Right Certificate surrendered then entitled such holder to purchase.
Any registered holder desiring to transfer, split up, combine or exchange any Right Certificate shall make such request in writing
delivered to the Rights Agent, and shall surrender (together with any required form of assignment and certificate duly executed
and properly completed) the Right Certificate to be</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt"></P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 4.5; text-indent: 0pt"><FONT STYLE="font-size: 10pt">transferred,
split up, combined or exchanged at the office or offices of the Rights Agent designated for such purpose, accompanied by a signature
guarantee and such other documentation as the Rights Agent may reasonably request. Neither the Rights Agent nor the Company shall
be obligated to take any action whatsoever with respect to the transfer of any such surrendered Right Certificate until the registered
holder shall have properly completed and duly executed the certificate contained in the form of assignment on the reverse side
of such Right Certificate and shall have provided such additional evidence of the identity of the Beneficial Owner (or former
Beneficial Owner) thereof, as the Company or the Rights Agent shall reasonably request. Thereupon, the Rights Agent shall countersign
and deliver to the Person entitled thereto a Right Certificate or Right Certificates, as the case may be, as so requested. The
Company or the Rights Agent may require payment from the holders of the Rights Certificates of a sum sufficient for any tax or
governmental charge that may be imposed in connection with any transfer, split-up, combination or exchange of Right Certificates.
The Rights Agent shall not have any duty or obligation to take any action under any section of this Agreement that requires the
payment of taxes and/or charges unless and until it is satisfied that all such payments have been made.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 4.5pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 4.5pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">6.2<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Subject to the provisions of Section&nbsp;14, at any time after the Close of Business on the Distribution Date, and prior
to the earlier of the Redemption Date or the Close of Business on the Final Expiration Date, upon receipt by the Company and the
Rights Agent of evidence reasonably satisfactory to them of the loss, theft, destruction or mutilation of a Right Certificate,
and the identity of the Beneficial Owner (or former Beneficial Owner) thereof (including a signature guarantee and such other
documentation as the Rights Agent may reasonably request) and, in case of loss, theft or destruction, of indemnity or security
satisfactory to them, and, at the Company&rsquo;s or the Rights Agent&rsquo;s request, reimbursement to the Company and the Rights
Agent of all reasonable expenses incidental thereto, and, in the case of mutilation, upon surrender to the Rights Agent and cancellation
of the Right Certificate, the Company will make and deliver a new Right Certificate of like tenor to the Rights Agent for countersignature
and delivery to the registered holder in lieu of the Right Certificate so lost, stolen, destroyed or mutilated.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 4.5pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><FONT STYLE="font-size: 10pt; font-weight: normal">7.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Exercise of Rights; Purchase Price; Expiration Date of Rights</FONT><FONT STYLE="font-size: 10pt">.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">7.1<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The registered holder of any Right Certificate (other than a holder whose Rights have become void pursuant to Section&nbsp;11.1.2
or have been exchanged pursuant to Section&nbsp;24) may exercise the Rights evidenced thereby in whole or in part at any time
after the Distribution Date upon surrender of the Right Certificate, with the appropriate form of election to purchase on the
reverse side thereof properly completed and duly executed, to the Rights Agent at the offices of the Rights Agent designated for
such purpose, accompanied by a signature guarantee and such other documentation as the Rights Agent may reasonably request, together
with payment of the Purchase Price for each one one-thousandth of a Preferred Share represented by a Right that is exercised and
an amount equal to any applicable transfer tax or charges required to be paid pursuant to Section&nbsp;9, prior to the earliest
of (i)&nbsp;the Final Expiration Date, (ii)&nbsp;the time at which the Rights are redeemed pursuant to Section&nbsp;23, and (iii)&nbsp;the
time at which the Rights are exchanged pursuant to Section&nbsp;24.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">7.2<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The purchase price to be paid upon the exercise of each Right to purchase one one-thousandth of a Preferred Share represented
by a Right shall initially be $71.55 (the</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt"></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt"><FONT STYLE="font-size: 10pt">&ldquo;<B>Purchase
Price</B>&rdquo;) and shall be payable in lawful money of the United States of America in accordance with Section&nbsp;7.3. Each
Right shall initially entitle the holder to acquire one one-thousandth of a Preferred Share upon exercise of the Right. The Purchase
Price and the number of Preferred Shares or other securities for which a Right is exercisable shall be subject to adjustment from
time to time as provided in Sections&nbsp;11 and&nbsp;13.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">7.3<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Upon receipt of a Right Certificate representing exercisable Rights, with the form of election to purchase and certificate
properly completed and duly executed, accompanied by payment of the Purchase Price for the number of Rights exercised and an amount
equal to any applicable transfer tax required to be paid by the holder of such Right Certificate in accordance with Section&nbsp;9
by cash, certified check, cashier&rsquo;s check or money order payable to the order of the Company, the Rights Agent shall thereupon
promptly (i)(a)&nbsp;requisition from any transfer agent of the Preferred Shares (or from the Company if there shall be no such
transfer agent, or make available, if the Rights Agent is the transfer agent) certificates for the number of Preferred Shares
to be purchased, and the Company hereby irrevocably authorizes its transfer agent to comply with all such requests, or (b)&nbsp;requisition
from any depositary agent for the Preferred Shares depositary receipts representing such number of Preferred Shares as are to
be purchased (in which case certificates for the Preferred Shares represented by such receipts shall be deposited by the transfer
agent with the depositary agent), and the Company hereby directs any such depositary agent to comply with such request; (ii)&nbsp;when
necessary to comply with this Agreement, requisition from the Company the amount of cash to be paid in lieu of issuance of fractional
Preferred Shares in accordance with Section&nbsp;14; (iii)&nbsp;after receipt of such certificates or depositary receipts, cause
the same to be delivered to or upon the order of the registered holder of such Right Certificate, registered in such name or names
as may be designated in writing by such holder; and (iv)&nbsp;when necessary to comply with this Agreement, after receipt, deliver
such cash to or upon the order of the registered holder of such Right Certificate. In the event that the Company is obligated
to issue other securities of the Company, pay cash and/or distribute other property pursuant to this Agreement, the Company will
make all arrangements necessary so that such other securities, cash and/or other property are available for distribution by the
Rights Agent, if and when necessary to comply with this Agreement.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">7.4<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>If the registered holder of any Right Certificate shall exercise less than all the Rights evidenced thereby, a new Right
Certificate evidencing Rights equivalent to the Rights remaining unexercised shall be issued by the Rights Agent and delivered
to the registered holder of such Right Certificate or to such holder&rsquo;s duly authorized assigns, subject to the provisions
of Section&nbsp;14.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">7.5<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Notwithstanding anything in this Agreement or the Rights Certificate to the contrary, neither the Rights Agent nor the
Company shall be obligated to undertake any action with respect to a registered holder of Rights or other securities of the Company
upon the occurrence of any purported transfer or exercise as set forth in this Section&nbsp;7 unless such registered holder shall
have (i)&nbsp;properly completed and duly executed the certificate contained in the appropriate form of election to purchase set
forth on the reverse side of the Right Certificate surrendered for such exercise and (ii)&nbsp;provided such additional evidence
of the identity of the Beneficial Owner (or former Beneficial Owner) or Affiliates or Associates thereof as the Company and the
Rights Agent shall reasonably request.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"></FONT></P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><FONT STYLE="font-size: 10pt; font-weight: normal">8.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Cancellation and Destruction of Right Certificates</FONT><FONT STYLE="font-size: 10pt">. All Right Certificates surrendered
for the purpose of exercise, transfer, split-up, combination or exchange shall, if surrendered to the Company or to any of its
agents (other than the Rights Agent), be delivered to the Rights Agent for cancellation or in canceled form, or, if surrendered
to the Rights Agent, shall be canceled by it, and no Right Certificates shall be issued in lieu thereof except as expressly permitted
by any of the provisions of this Agreement. The Company shall deliver to the Rights Agent for cancellation and retirement, and
the Rights Agent shall so cancel and retire, any other Right Certificate purchased or acquired by the Company otherwise than upon
the exercise thereof. At the expense of the Company, the Rights Agent shall deliver all canceled Right Certificates which have
been canceled by the Rights Agent to the Company, or shall, at the written request of the Company, destroy such canceled Right
Certificates, and in such case shall deliver a certificate of destruction thereof to the Company.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><FONT STYLE="font-size: 10pt; font-weight: normal">9.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Status
and Availability of Preferred Shares</FONT><FONT STYLE="font-size: 10pt">.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">9.1<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The Company covenants and agrees that it will cause to be reserved and kept available, out of its authorized and unissued
Preferred Shares or any Preferred Shares held in its treasury, the number of Preferred Shares that will be sufficient to permit
the exercise in full of all outstanding Rights in accordance with Section&nbsp;7.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">9.2<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The Company covenants and agrees that it will take all such action as may be necessary to ensure that all Preferred Shares
delivered upon exercise of Rights shall, at the time of delivery of the certificates for such Preferred Shares (subject to payment
of the Purchase Price), be duly and validly authorized and issued and fully paid and non-assessable shares.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">9.3<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The Company further covenants and agrees that it will pay when due and payable any and all federal and state transfer taxes
and charges which may be payable in respect of the issuance or delivery of the Right Certificates or of any Preferred Shares upon
the exercise of Rights. The Company shall not, however, be required to pay any transfer tax which may be payable in respect of
any transfer or delivery of Right Certificates to a Person other than, or the issuance or delivery of certificates or depositary
receipts for the Preferred Shares in a name other than that of, the registered holder of the Right Certificate evidencing Rights
surrendered for exercise, and the Company and the Rights Agent shall not be required to issue or deliver any certificates or depositary
receipts for Preferred Shares upon the exercise of any Rights until any such tax or charge shall have been paid (any such tax
or charge being payable by the holder of such Right Certificate at the time of surrender) or until it has been established to
the Company&rsquo;s and the Rights Agent&rsquo;s reasonable satisfaction that no such tax is due.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><FONT STYLE="font-size: 10pt; font-weight: normal">10.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Preferred
Shares Record Date</FONT><FONT STYLE="font-size: 10pt">. Each Person in whose name any certificate for Preferred Shares is issued
upon the exercise of Rights shall for all purposes be deemed to have become the holder of record of the Preferred Shares represented
thereby on, and such certificate shall be dated, the date upon which the Right Certificate evidencing such Rights was duly surrendered
and payment of the Purchase Price (and any applicable transfer taxes) was made; <I>provided</I>, <I>however</I>, that, if the
date of such surrender and payment is a date upon which the Preferred Shares transfer books of the Company are closed, such Person
shall be deemed to have become the record holder of such shares on, and such certificate shall be dated, the next succeeding Business
Day on which the Preferred Shares transfer books of the Company are open. Prior to</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><FONT STYLE="font-size: 10pt"></FONT></P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><FONT STYLE="font-size: 10pt">the exercise of the Rights
evidenced thereby, the holder of a Right Certificate shall not be entitled to any rights of a holder of Preferred Shares for which
the Rights shall be exercisable, including the right to vote, to receive dividends or other distributions, or to exercise any
preemptive rights, and shall not be entitled to receive any notice of any proceedings of the Company, except as provided herein.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><FONT STYLE="font-size: 10pt; font-weight: normal">11.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Adjustment of Purchase Price, Number of Shares or Number of Rights</FONT><FONT STYLE="font-size: 10pt">.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">11.1<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>General</U>.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">11.1.1<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;
</FONT>In the event the Company shall at any time after the date of this Agreement (i)&nbsp;declare a dividend on the Preferred
Shares payable in Preferred Shares, (ii)&nbsp;subdivide the outstanding Preferred Shares, (iii)&nbsp;combine the outstanding Preferred
Shares into a smaller number of Preferred Shares or (iv)&nbsp;issue any shares of its capital stock in a reclassification of the
Preferred Shares (including any such reclassification in connection with a consolidation or merger in which the Company is the
continuing or surviving corporation), except as otherwise provided in this Section&nbsp;11.1, the Purchase Price in effect at
the time of the record date for such dividend or of the effective date of such subdivision, combination or reclassification, and
the number and kind of shares of capital stock issuable on such date, shall be proportionately adjusted so that the holder of
any Right exercised after such time shall be entitled to receive the aggregate number and kind of shares of capital stock which,
if such Right had been exercised immediately prior to such date, the holder would have owned upon such exercise and been entitled
to receive by virtue of such dividend, subdivision, combination or reclassification; <I>provided</I>, <I>however</I>, that in
no event shall the consideration to be paid upon the exercise of one Right be less than the aggregate par value of the shares
of capital stock of the Company issuable upon exercise of one Right.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">11.1.2<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;
</FONT>Subject to the second paragraph of this Section&nbsp;11.1.2 and to Section&nbsp;24, from and after the Stock Acquisition
Date, each holder of a Right shall have a right to receive, upon exercise of each Right, in accordance with the terms of this
Agreement and in lieu of Preferred Shares, such number of Common Shares of the Company as shall equal the result obtained by dividing
the then current Purchase Price by 50% of the then Current Per Share Market Price of the Company&rsquo;s Common Shares (determined
pursuant to Section&nbsp;11.4) on the Stock Acquisition Date.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">From and
after the Stock Acquisition Date, any Rights that are or were acquired or Beneficially Owned by (1) an Acquiring Person (or any
Associate or Affiliate of such Acquiring Person), (2) a transferee of any Acquiring Person (or of any such Associate or Affiliate)
who becomes such a transferee after the Acquiring Person becomes an Acquiring Person or (3) a transferee of an Acquiring Person
(or of any such Associate or Affiliate) who becomes such a transferee prior to or concurrently with the Acquiring Person becoming
an Acquiring Person and who receives such Rights (I) with actual knowledge that the transferor is or was an Acquiring Person or
(II) pursuant to either (x) a transfer (whether or not for consideration) from the Acquiring Person (or any such Associate or
Affiliate) to holders of equity interests in such Acquiring Person (or any such Associate or Affiliate) or to any Person with
whom the Acquiring Person (or such Associate or Affiliate) has any continuing agreement, arrangement, understanding or relationship
(whether or not in writing) regarding the transferred Rights or (y) a</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt"></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt"><FONT STYLE="font-size: 10pt">transfer
which the Board of Directors has determined is part of a plan, arrangement or understanding (whether or not in writing) which
has as a primary purpose or effect of the avoidance of this Section&nbsp;11.1.2, (each such Person described in (1)-(3) above,
an &ldquo;<B>Excluded Person</B>&rdquo;) shall, in each such case, be null and void, and any holder of such Rights (whether or
not such holder is an Acquiring Person or an Associate or Affiliate of an Acquiring Person) shall thereafter have no right to
exercise such Rights under any provision of this Agreement. No Right Certificates shall be issued pursuant to Sections 3, 6, 7.4
or 11 or otherwise hereof that represents Rights that are or have become null and void pursuant to the provisions of this paragraph
and any Right Certificate delivered to the Rights Agent that represents Rights that are or have become null and void pursuant
to the provisions of this paragraph shall, upon receipt of written notice directing it to do so, be canceled by the Rights Agent.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Notwithstanding
any other provision of this Agreement, in no event shall Rights held by the Company, CF Turul LLC, Leucadia National Corporation
or any of their respective Subsidiaries become null or void under this Section 11.1.2 or any other provision of this Agreement.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">11.1.3<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;
</FONT>If there are not sufficient authorized but unissued Common Shares to permit the exercise in full of the Rights in accordance
with Section&nbsp;11.1.2 or the exchange of the Rights in accordance with Section 24, or should the Board of Directors so elect,
the Company may with respect to such deficiency, (i)&nbsp;determine the excess (the &ldquo;<B>Spread</B>&rdquo;) of (A)&nbsp;the
value of the Common Shares issuable upon the exercise of a Right as provided in Section&nbsp;11.1.2 (the &ldquo;<B>Current Value</B>&rdquo;)
over (B)&nbsp;the Purchase Price, and (ii)&nbsp;with respect to each Right, make adequate provision to substitute for such Common
Shares, upon payment of the applicable Purchase Price, any one or more of the following having an aggregate value determined by
the Board of Directors to be equal to the Current Value: (A)&nbsp;cash, (B)&nbsp;a reduction in the Purchase Price, (C)&nbsp;Common
Shares or other equity securities of the Company (including shares, or units of shares, of preferred stock which the Board of
Directors has determined to have the same value as Common Shares (&ldquo;<B>Common Stock Equivalents</B>&rdquo;)), (D)&nbsp;debt
securities of the Company or (E) other assets, property or instruments. The Company shall provide the Rights Agent with prompt
reasonably detailed written notice of any final determination under the previous sentence.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">If the Board
of Directors shall determine in good faith that additional Common Shares should be authorized for issuance upon exercise in full
of the Rights, the Company&nbsp;may suspend the exercisability of the Rights in order to seek any authorization of additional
shares, decide the appropriate form of distribution to be made and determine the value thereof. If the exercisability of the Rights
is suspended pursuant to this Section&nbsp;11.1.3, the Company shall make a public announcement, and shall promptly deliver to
the Rights Agent a statement, stating that the exercisability of the Rights has been temporarily suspended. When the suspension
is no longer in effect, the Company shall make another public announcement, and promptly deliver to the Rights Agent a statement,
so stating. For purposes of this Section&nbsp;11.1.3, the value of the Common Shares shall be the Current Per Share Market Price
(as determined pursuant to Section&nbsp;11.4.1) of the Common Shares as of the Stock Acquisition Date, and the value of any Common
Stock Equivalent shall be deemed to have the same value as the Common Shares on such date.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"></FONT></P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">11.2<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>If the Company fixes a record date for the issuance of rights, options or warrants to all holders of Preferred Shares entitling
them (for a period expiring within forty-five calendar days after such record date) to subscribe for or purchase Preferred Shares
(or shares having the same rights, privileges and preferences as the Preferred Shares (&ldquo;<B>Equivalent Preferred Shares</B>&rdquo;))
or securities convertible into Preferred Shares or Equivalent Preferred Shares at a price per Preferred Share or Equivalent Preferred
Share (or having a conversion price per share, if a security convertible into Preferred Shares or Equivalent Preferred Shares)
less than the then Current Per Share Market Price of the Preferred Shares (as defined in Section&nbsp;11.4.2) on such record date,
the Purchase Price to be in effect after such record date shall be adjusted by multiplying the Purchase Price in effect immediately
prior to such record date by a fraction, (i)&nbsp;the numerator of which shall be (A) the number of Preferred Shares outstanding
on such record date plus (B) the number of Preferred Shares which the aggregate offering price of the total number of Preferred
Shares or Equivalent Preferred Shares to be offered (or the aggregate initial conversion price of the convertible securities to
be offered) would purchase at such Current Per Share Market Price and (ii) the denominator of which shall be (A) the number of
Preferred Shares outstanding on such record date plus (B) the number of additional Preferred Shares or Equivalent Preferred Shares
to be offered for subscription or purchase (or into which the convertible securities to be offered are initially convertible);
<I>provided</I>, <I>however</I>, that in no event shall the consideration to be paid upon the exercise of one Right be less than
the aggregate par value of the Preferred Shares issuable upon exercise of one Right. If such subscription price may be paid in
a consideration part or all of which shall be in a form other than cash, the value of such consideration shall be as determined
in good faith by the Board of Directors, whose determination shall be described in a statement filed with the Rights Agent. Preferred
Shares owned by or held for the account of the Company shall not be deemed outstanding for the purpose of any such computation.
Such adjustment shall be made successively whenever such a record date is fixed. If such rights, options or warrants are not so
issued, the Purchase Price shall be adjusted to be the Purchase Price that would then be in effect if such record date had not
been fixed.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">11.3<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>If the Company fixes a record date for the making of a distribution to all holders of the Preferred Shares (including any
distribution made in connection with a consolidation or merger in which the Company is the continuing or surviving corporation)
of evidences of indebtedness or assets (other than a regular quarterly cash dividend or a dividend payable in Preferred Shares)
or subscription rights or warrants (excluding those referred to in Section&nbsp;11.2), the Purchase Price to be in effect after
such record date shall be determined by multiplying the Purchase Price in effect immediately prior to such record date by a fraction,
(i) the numerator of which shall be the then Current Per Share Market Price of the Preferred Shares on such record date, less
the fair market value (as determined in good faith by the Board of Directors, whose determination shall be described in a statement
filed with the Rights Agent) of the portion of the assets or evidences of indebtedness to be distributed or of such subscription
rights or warrants applicable to one Preferred Share and (ii) the denominator of which shall be the then Current Per Share Market
Price of the Preferred Shares; <I>provided</I>, <I>however</I>, that in no event shall the consideration to be paid upon the exercise
of one Right be less than the aggregate par value of the Preferred Shares to be issued upon exercise of one Right. Such adjustments
shall be made successively whenever such a record date is fixed. If such distribution is not so made, the Purchase Price shall
again be adjusted to be the Purchase Price that would then be in effect if such record date had not been fixed.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"></FONT></P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">11.4<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Current Per Share Market Price</U>.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">11.4.1<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;
</FONT>For the purpose of any computation hereunder, the &ldquo;<B>Current Per Share Market Price</B>&rdquo; of any security on
any date shall be deemed to be the average of the daily closing prices per share of such security for the thirty consecutive Trading
Days immediately prior to such date; <I>provided</I>, <I>however</I>, that if the Current Per Share Market Price of the security
is determined during a period (i) following the announcement by the issuer of such security of (A)&nbsp;a dividend or distribution
on such security payable in shares of such security or other securities convertible into such shares, or (B)&nbsp;any subdivision,
combination or reclassification of such security, and (ii) prior to the expiration of thirty Trading Days after the ex-dividend
date for such dividend or distribution, or the record date for such subdivision, combination or reclassification, then, and in
each such case, the Current Per Share Market Price shall be appropriately adjusted to reflect the current market price per share
equivalent of such security. The closing price for each day shall be the last sale price or, if no such sale takes place on such
day, the average of the closing bid and asked prices, in either case as reported by the NYSE, or, if on any such date the security
is not listed on the NYSE, the average of the closing bid and asked prices as furnished by a professional market maker making
a market in the security selected by the Board of Directors. If on any such date no such market maker is making a market in the
security, the fair value of the security on such date as determined in good faith by the Board of Directors shall be used.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">11.4.2<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;
</FONT>For the purpose of any computation hereunder, the &ldquo;<B>Current Per Share Market Price</B>&rdquo; of the Preferred
Shares shall be determined in accordance with the method set forth in Section&nbsp;11.4.1. If the Preferred Shares are not publicly
traded, the &ldquo;<B>Current Per Share Market Price</B>&rdquo; of the Preferred Shares shall be conclusively deemed to be the
Current Per Share Market Price of the Common Shares as determined pursuant to Section&nbsp;11.4.1 (appropriately adjusted to reflect
any stock split, stock dividend or similar transaction occurring after the date hereof) multiplied by one thousand. If neither
the Common Shares nor the Preferred Shares are publicly held or so listed or traded, &ldquo;<B>Current Per Share Market Price</B>&rdquo;
means the fair value per share as determined in good faith by the Board of Directors, whose determination shall be described in
a statement filed with the Rights Agent.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">11.5<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>No adjustment in the Purchase Price shall be required unless such adjustment would require an increase or decrease of at
least 1% in the Purchase Price; <I>provided</I>, <I>however</I>, that any adjustments which by reason of this Section&nbsp;11.5
are not required to be made shall be carried forward and taken into account in any subsequent adjustment. All calculations under
this Section&nbsp;11 shall be made to the nearest cent or to the nearest one ten-millionth of a Preferred Share or one ten-thousandth
of any other share or security as the case may be. Notwithstanding the first sentence of this Section&nbsp;11.5, any adjustment
required by this Section&nbsp;11 shall be made no later than three years from the date of the transaction which requires such
adjustment.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">11.6<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>If, as a result of an adjustment made pursuant to Section&nbsp;11.1, the holder of any Right thereafter exercised shall
become entitled to receive any shares of capital stock of the Company other than Preferred Shares, the number of such other shares
so receivable upon exercise of any Right shall thereafter be subject to adjustment from time to time in a manner and on terms
as nearly equivalent as practicable to the provisions with respect to the Preferred Shares</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt"></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt"><FONT STYLE="font-size: 10pt">contained
in Sections&nbsp;11.1 through&nbsp;11.3, inclusive, and the provisions of Sections&nbsp;7, 9, 10 and 13 with respect to the Preferred
Shares shall apply on like terms to any such other shares.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">11.7<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>All Rights originally issued by the Company subsequent to any adjustment made to the Purchase Price hereunder shall evidence
the right to purchase, at the adjusted Purchase Price, the number of Preferred Shares purchasable from time to time hereunder
upon exercise of the Rights, all subject to further adjustment as provided herein.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">11.8<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Unless the Company exercises its election as provided in Section&nbsp;11.9, upon each adjustment of the Purchase Price
as a result of the calculations made in Sections&nbsp;11.2 and&nbsp;11.3, each Right outstanding immediately prior to the making
of such adjustment shall thereafter evidence the right to purchase, at the adjusted Purchase Price, that number of one one-thousandth
of a Preferred Share (calculated to the nearest one ten-millionth of a Preferred Share) obtained by (i)&nbsp;multiplying the number
of one one-thousandth of a Preferred Share covered by a Right immediately prior to this adjustment by&nbsp;the Purchase Price
in effect immediately prior to such adjustment of the Purchase Price and (ii)&nbsp;dividing the product by the Purchase Price
in effect immediately after such adjustment of the Purchase Price.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">11.9<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The Company may elect on or after the date of any adjustment of the Purchase Price to adjust the number of Rights in substitution
for any adjustment in the number of Preferred Shares purchasable upon the exercise of a Right. Each of the Rights outstanding
after such adjustment of the number of Rights shall be exercisable for the number of Preferred Shares for which a Right was exercisable
immediately prior to such adjustment. Each Right held of record prior to such adjustment of the number of Rights shall become
that number of Rights (calculated to the nearest one hundred-thousandth) obtained by dividing the Purchase Price in effect immediately
prior to adjustment of the Purchase Price by the Purchase Price in effect immediately after adjustment of the Purchase Price.
The Company shall make a public announcement (with prompt written notice thereof to the Rights Agent) of its election to adjust
the number of Rights, indicating the record date for the adjustment and, if known at the time, the amount of the adjustment to
be made. The record date may be the date on which the Purchase Price is adjusted or any day thereafter but, if the Right Certificates
have been distributed, shall be at least ten&nbsp;days after the date of the public announcement. If Right Certificates have been
distributed, upon each adjustment of the number of Rights pursuant to this Section&nbsp;11.9, the Company shall, as promptly as
practicable, cause to be distributed to holders of record of Right Certificates on such record date Right Certificates evidencing,
subject to Section&nbsp;14, the additional Rights to which such holders shall be entitled as a result of such adjustment or, at
the option of the Company, shall cause to be distributed to such holders of record in substitution and replacement for the Right
Certificates held by such holders prior to the date of adjustment, and upon surrender thereof if required by the Company, new
Right Certificates evidencing all the Rights to which such holders shall be entitled after such adjustment. Right Certificates
to be so distributed shall be issued, executed and countersigned in the manner provided for herein and shall be registered in
the names of the holders of record of Right Certificates on the record date specified in the public announcement.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">11.10<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Irrespective of any adjustment or change in the Purchase Price or the number of Preferred Shares issuable upon the exercise
of the Rights, the Right Certificates theretofore and</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt"></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt"><FONT STYLE="font-size: 10pt">thereafter
issued may continue to express the Purchase Price and the number of Preferred Shares which were expressed in the initial Right
Certificates issued hereunder.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">11.11<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Before taking any action that would cause an adjustment reducing the Purchase Price below the then par value of the Preferred
Shares issuable upon exercise of the Rights, the Company shall take any corporate action which may, in the opinion of its counsel,
be necessary in order that the Company may validly and legally issue fully paid and non-assessable Preferred Shares at such adjusted
Purchase Price.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">11.12<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>If this Section&nbsp;11 requires that an adjustment in the Purchase Price be made effective as of a record date for a specified
event, the Company may defer, until the occurrence of such event, issuing to the holder of any Right exercised after such record
date Preferred Shares and other capital stock or securities of the Company, if any, issuable upon such exercise over and above
the Preferred Shares and other capital stock or securities of the Company, if any, issuable upon such exercise on the basis of
the Purchase Price in effect prior to such adjustment; <I>provided</I>, <I>however</I>, that the Company shall deliver to such
holder a due bill or other appropriate instrument evidencing such holder&rsquo;s right to receive such additional shares upon
the occurrence of the event requiring adjustment.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">11.13<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Anything in this Section&nbsp;11 to the contrary notwithstanding, the Company shall be entitled to make such reductions
in the Purchase Price, in addition to those adjustments expressly required by this Section&nbsp;11, as and to the extent that
it in its sole discretion shall determine to be advisable in order that any (i)&nbsp;combination or subdivision of the Preferred
Shares, (ii)&nbsp;issuance wholly for cash of any Preferred Shares at less than the Current Per Share Market Price, (iii)&nbsp;issuance
wholly for cash of Preferred Shares or securities which by their terms are convertible into or exchangeable for Preferred Shares,
(iv)&nbsp;dividends on Preferred Shares payable in Preferred Shares, or (v)&nbsp;issuance of any rights, options or warrants referred
to in Section&nbsp;11.2 made by the Company after the date of this Agreement to holders of its Preferred Shares shall not be taxable
to such stockholders.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">11.14<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>If, at any time after the date of this Agreement and prior to the Distribution Date, the Company (i)&nbsp;declares or pays
any dividend on the Common Shares payable in Common Shares or (ii)&nbsp;effects a subdivision, combination or consolidation of
the Common Shares (by reclassification or otherwise other than by payment of dividends in Common Shares) into a greater or lesser
number of Common Shares, then in any such case (a)&nbsp;the number of one one-thousandths of a Preferred Share purchasable after
such event upon exercise of each Right shall be determined by multiplying the number of one one-thousandths of a Preferred Share
so purchasable immediately prior to such event by a fraction, the numerator of which is the number of Common Shares outstanding
immediately before such event and the denominator of which is the number of Common Shares outstanding immediately after such event,
and (b)&nbsp;each Common Share outstanding immediately after such event shall have issued with respect to it that number of Rights
which each Common Share outstanding immediately prior to such event had issued with respect to it. The adjustments provided for
in this Section&nbsp;11.14 shall be made successively whenever such a dividend is declared or paid or such a subdivision, combination
or consolidation is affected.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"></FONT></P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><FONT STYLE="font-size: 10pt; font-weight: normal">12.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Certificate of Adjustment</FONT><FONT STYLE="font-size: 10pt">. Whenever an adjustment is made as provided in Sections&nbsp;11
and&nbsp;13, the Company shall promptly (i)&nbsp;prepare a certificate setting forth such adjustment and a reasonably detailed
statement of the facts, computation, methodology and accounting for such adjustment, (ii)&nbsp;promptly file with the Rights Agent
and with each transfer agent for the Common Shares or the Preferred Shares a copy of such certificate, and (iii)&nbsp;if such
adjustment occurs following a Distribution Date, mail a brief summary thereof to each holder of a Right Certificate in accordance
with Section&nbsp;25. The Rights Agent shall be fully protected in relying on any such certificate and on any adjustment or statement
therein contained and shall not be obligated or responsible for calculating any adjustment, nor shall the Rights Agent be deemed
to have knowledge of such an adjustment or any such event, unless and until it shall have received such certificate.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><FONT STYLE="font-size: 10pt; font-weight: normal">13.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Consolidation, Merger, Sale or Transfer of Assets or Earning Power</FONT><FONT STYLE="font-size: 10pt">.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">13.1<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>If, at any time after a Stock Acquisition Date, (i)&nbsp;the Company consolidates with, or merges with and into, any other
Person; (ii)&nbsp;any Person consolidates with the Company, or merges with and into the Company, and the Company is the continuing
or surviving corporation of such merger and, in connection with such merger, all or part of the Common Shares are or will be changed
into or exchanged for stock or other securities of any other Person (or the Company) or cash or any other property; or (iii)&nbsp;the
Company sells or otherwise transfers (or one or more of its Subsidiaries sell or otherwise transfer), in one or more transactions,
assets or Earning Power aggregating 50% or more of the assets or Earning Power of the Company and its Subsidiaries (taken as a
whole) to any other Person other than the Company or one or more of its wholly owned Subsidiaries, then proper provision shall
be made so that (A)&nbsp;each holder of a Right (except as otherwise provided herein) shall have the right to receive, upon the
exercise of each Right in accordance with the terms of this Agreement and in lieu of Preferred Shares, such number of Common Shares
of such other Person (including the Company as successor thereto or as the surviving corporation) equal to the result obtained
by dividing the then current Purchase Price by 50% of the then Current Per Share Market Price of the Common Shares of such other
Person (determined pursuant to Section&nbsp;11.4 hereof) on the date of consummation of such consolidation, merger, sale or transfer;
(B)&nbsp;the issuer of such Common Shares shall thereafter be liable for, and shall assume, by virtue of such consolidation, merger,
sale or transfer, all the obligations and duties of the Company pursuant to this Agreement; (C)&nbsp;the term &ldquo;Company&rdquo;
shall thereafter be deemed to refer to such issuer; and (D)&nbsp;such issuer shall take steps (including, but not limited to,
the reservation of a sufficient number of shares of its common stock in accordance with Section&nbsp;9) in connection with such
consummation as may be necessary to ensure that the provisions hereof shall thereafter be applicable in relation to the common
stock thereafter deliverable upon the exercise of the Rights.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">13.2<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The Company shall not enter into any transaction of the kind referred to in this Section&nbsp;13 if, at the time of such
transaction, there are any rights, warrants, instruments or securities outstanding or any agreements or arrangements which, as
a result of the consummation of such transaction, would eliminate or substantially diminish the benefits intended to be afforded
by the Rights. The provisions of this Section&nbsp;13 shall apply to successive mergers or consolidations or sales or other transfers.
Notwithstanding anything in this Agreement to the contrary, this Section 13 shall not apply to any Exempt Transaction.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"></FONT></P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">13.3<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>For purposes of this Agreement, the &ldquo;<B>Earning Power</B>&rdquo; of the Company and its Subsidiaries shall be determined
in good faith by the Company&rsquo;s Board of Directors on the basis of the operating earnings of each business operated by the
Company and its Subsidiaries during the three fiscal years preceding the date of such determination (or, in the case of any business
not operated by the Company or any Subsidiary during three full fiscal years preceding such date, during the period such business
was operated by the Company or any Subsidiary).</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><FONT STYLE="font-size: 10pt; font-weight: normal">14.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Fractional Rights and Fractional Shares</FONT><FONT STYLE="font-size: 10pt">.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">14.1<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The Company shall not be required to issue fractions of Rights or to distribute Right Certificates which evidence fractional
Rights. In lieu of such fractional Rights, the Company may instead pay to the registered holders of the Right Certificates with
regard to which such fractional Rights would otherwise be issuable an amount in cash equal to the same fraction of the current
market value of a whole Right. For the purposes of this Section&nbsp;14.1, the current market value of a whole Right shall be
the closing price of the Rights (as determined pursuant to the second sentence of Section&nbsp;11.4.1) for the Trading Day immediately
prior to the date on which such fractional Rights would have been otherwise issuable.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">14.2<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The Company shall not be required to issue fractions of Preferred Shares (other than fractions which are integral multiples
of one one-thousandth of a Preferred Share) upon exercise of the Rights or to distribute certificates which evidence fractional
Preferred Shares (other than fractions which are integral multiples of one one-thousandth of a Preferred Share). Fractions of
Preferred Shares in integral multiples of one one-thousandth of a Preferred Share may, at the election of the Company, be evidenced
by depositary receipts, pursuant to an agreement between the Company and a depositary selected by the Company; <I>provided</I>,
that such agreement shall provide that the holders of such depositary receipts shall have all the rights, privileges and preferences
to which they are entitled as Beneficial Owners of the Preferred Shares represented by such depositary receipts. In lieu of fractional
Preferred Shares that are not integral multiples of one one-thousandth of a Preferred Share, the Company shall pay to each registered
holder of Right Certificates at the time such Rights are exercised as herein provided an amount in cash equal to the same fraction
of the current market value of one Preferred Share as the fraction of one Preferred Share that such holder would otherwise receive
upon the exercise of the aggregate number of rights exercised by such holder. For the purposes of this Section&nbsp;14.2, the
current market value of a Preferred Share shall be the closing price of a Preferred Share (pursuant to Section&nbsp;11.4.1) for
the Trading Day immediately prior to the date of such exercise.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">14.3<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The closing price for any day shall be the last quoted price or, if not so quoted, the average of the high bid and low
asked prices as reported by the NYSE, or if on any such date the Rights or Preferred Shares, as applicable, are not listed on
the NYSE, the average of the closing bid and asked prices as furnished by a professional market maker making a market in the Rights
or Preferred Shares, as applicable, selected by the Board of Directors. If on any such date no such market maker is making a market
in the Rights or Preferred Shares, as applicable, the fair value of the Rights or Preferred Shares, as applicable, on such date
as determined in good faith by the Board of Directors shall be used.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"></FONT></P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">14.4<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The holder of a Right by the acceptance of the Right expressly waives any right to receive fractional Rights or fractional
shares upon exercise of a Right (except as provided in this Section&nbsp;14).</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">14.5<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Whenever a payment for fractional Rights or fractional shares is to be made by the Rights Agent under any section of this
Agreement, the Company shall (i) promptly prepare and deliver to the Rights Agent a certificate setting forth in reasonable detail
the facts related to such payments and the prices and formulas utilized in calculating such payments, and (ii) provide sufficient
monies to the Rights Agent in the form of fully collected funds to make such payments. The Rights Agent shall be fully protected
in relying upon such a certificate and shall have no duty with respect to, and shall not be deemed to have knowledge of, any payment
for fractional Rights or fractional shares under any section of this Agreement relating to the payment of fractional Rights or
fractional shares unless and until the Rights Agent shall have received such a certificate and sufficient monies.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><FONT STYLE="font-size: 10pt; font-weight: normal">15.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Rights
of Action</FONT><FONT STYLE="font-size: 10pt">. All rights of action in respect of this Agreement, excepting the rights of action
given to the Rights Agent under Section&nbsp;18, are vested in the respective registered holders of the Right Certificates. Any
registered holder of any Right Certificate may, without the consent of the Rights Agent or of the holder of any other Right Certificate,
on such holder&rsquo;s own behalf and for such holder&rsquo;s own benefit, enforce, and may institute and maintain any suit, action
or proceeding against the Company to enforce, or otherwise act in respect of, such holder&rsquo;s right to exercise the Rights
evidenced by such Right Certificate in the manner provided in such Right Certificate and in this Agreement. Without limiting the
foregoing or any remedies available to the holders of Rights, it is specifically acknowledged that the holders of Rights would
not have an adequate remedy at law for any breach of this Agreement by the Company and will be entitled to specific performance
of the obligations under, and injunctive relief against actual or threatened violations of the obligations hereunder of the Company.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><FONT STYLE="font-size: 10pt; font-weight: normal">16.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Agreement of Right Holders</FONT><FONT STYLE="font-size: 10pt">. Every holder of a Right, by accepting the same, consents
and agrees with the Company and the Rights Agent and with every other holder of a Right that:</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">16.1<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>prior to the Distribution Date, the Rights will be transferable only in connection with the transfer of the Common Shares;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">16.2<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>after the Distribution Date, the Right Certificates are transferable only on the registry books maintained by the Rights
Agent if surrendered at the office or offices of the Rights Agent designated for such purpose, duly endorsed or accompanied by
a proper instrument of transfer with the appropriate form of certification, properly completed and duly executed, accompanied
by a signature guarantee and such other documentation as the Rights Agent may reasonably request;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">16.3<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>the Company and the Rights Agent may deem and treat the Person in whose name the Right Certificate (or, prior to the Distribution
Date, the associated Common Shares certificate) is registered as the absolute owner thereof and of the Rights evidenced thereby
(notwithstanding any notations of ownership or writing on the Right Certificates or the associated Common Shares certificate made
by anyone other than the Company or the Rights</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt"></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt"><FONT STYLE="font-size: 10pt">Agent)
for all purposes whatsoever, and neither the Company nor the Rights Agent shall be affected by any notice to the contrary; and</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">16.4<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>notwithstanding anything in this Agreement to the contrary, neither the Company nor the Rights Agent shall have any liability
to any holder of a Right or other Person as a result of the inability of the Company or the Rights Agent to perform any of its
or their obligations under this Agreement by reason of any preliminary or permanent injunction or other order, decree, judgment
or ruling issued by a court of competent jurisdiction or by a governmental, regulatory or administrative agency or commission,
or any statute, rule, regulation or executive order promulgated or enacted by any governmental authority prohibiting or otherwise
restraining performance of such obligation.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><FONT STYLE="font-size: 10pt; font-weight: normal">17.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Right
Certificate Holder Not Deemed a Stockholder</FONT><FONT STYLE="font-size: 10pt">. No holder, as such, of any Right Certificate
shall be entitled to vote or receive dividends, or be deemed for any purpose the holder of the Preferred Shares or any other securities
of the Company that may at any time be issuable on the exercise of the Rights represented thereby, nor shall anything contained
herein or in any Right Certificate be construed to confer upon the holder of any Right Certificate, as such, any of the rights
of a stockholder of the Company or any right to vote for the election of directors or upon any matter submitted to stockholders
at any meeting thereof, to give or withhold consent to any corporate action, to receive notice of meetings or other actions affecting
stockholders (except as provided in Section&nbsp;25), or to receive dividends or subscription rights, or otherwise, until the
Rights evidenced by such Right Certificate shall have been exercised in accordance with the provisions hereof.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><FONT STYLE="font-size: 10pt; font-weight: normal">18.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Concerning the Rights Agent</FONT><FONT STYLE="font-size: 10pt">. The Company agrees to pay to the Rights Agent reasonable
compensation for all services rendered by it hereunder accordance with a fee schedule to be mutually agreed upon, and, from time
to time, on demand of the Rights Agent, to reimburse the Rights Agent for all of its reasonable expenses and counsel fees and
other disbursements incurred in the preparation, delivery, negotiation, administration, execution and amendment, of this Agreement
and the exercise and performance of its duties hereunder. The Company also covenants and agrees to indemnify the Rights Agent
for, and to hold it harmless against, any and all loss, liability, damage, judgment, fine, penalty, claim, demand, settlement,
cost or expense (including the reasonable fees and expenses of legal counsel) that may be paid, incurred or suffered by it, or
which it may become subject, without gross negligence, bad faith or willful misconduct on the part of the Rights Agent (which
gross negligence, bad faith, or willful misconduct must be determined by a final, non-appealable judgment of a court of competent
jurisdiction), for any action taken, suffered or omitted to be taken by the Rights Agent in connection with the execution, acceptance
and, administration of, exercise and performance of its duties under this Agreement, including the costs and expenses of defending
against any claim or liability arising therefrom or in connection therewith, directly or indirectly. The provisions under this
Section 18 and Section 20 below shall survive the expiration of the Rights and the termination of this Agreement and the resignation,
replacement or removal of the Rights Agent. The reasonable costs and expenses incurred in enforcing this right of indemnification
shall be paid by the Company.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">The Rights
Agent shall be fully authorized and protected and shall incur no liability for or in respect of any action taken, suffered or
omitted by it in connection with its acceptance and</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt"></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt"><FONT STYLE="font-size: 10pt">administration
of this Agreement and the exercise and performance of its duties hereunder, in each case in reliance upon any Right Certificate
or certificate for Preferred Shares or for other securities of the Company, instrument of assignment or transfer, power of attorney,
endorsement, affidavit, letter, notice, instruction, direction, consent, certificate, statement, or other paper or document believed
by it to be genuine and to be signed, executed and, where necessary, verified or acknowledged by the proper Person or Persons,
or otherwise upon the advice of counsel as set forth in Section&nbsp;20. The Rights Agent shall not be deemed to have knowledge
of any event of which it was supposed to receive notice thereof hereunder, and the Rights Agent shall be fully protected and shall
incur no liability for failing to take action in connection therewith, unless and until it has received such notice in writing.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Notwithstanding
anything in this Agreement to the contrary, in no event will the Rights Agent be liable for special, punitive, indirect, incidental
or consequential loss or damage of any kind whatsoever (including but not limited to lost profits), even if the Rights Agent has
been advised of the likelihood of such loss or damage and regardless of the form of action.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><FONT STYLE="font-size: 10pt; font-weight: normal">19.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Merger
or Consolidation or Change of Name of Rights Agent</FONT><FONT STYLE="font-size: 10pt">. Any Person into which the Rights Agent
or any successor Rights Agent may be merged or with which it may be consolidated, or any Person resulting from any merger or consolidation
to which the Rights Agent or any successor Rights Agent shall be a party, or any Person succeeding to the stock transfer or other
shareholder services business of the Rights Agent or any successor Rights Agent, shall be the successor to the Rights Agent under
this Agreement without the execution or filing of any paper or any further act on the part of any of the parties hereto; <I>provided
</I>that such Person would be eligible for appointment as a successor Rights Agent under the provisions of Section&nbsp;21. The
purchase of all or substantially all of the Rights Agent&rsquo;s assets employed in the performance of transfer agent activities
shall be deemed a merger or consolidation for purposes of this Section 19. If, at the time such successor Rights Agent shall succeed
to the agency created by this Agreement, any of the Right Certificates shall have been countersigned but not delivered, any such
successor Rights Agent may adopt the countersignature of the predecessor Rights Agent and deliver such Right Certificates so countersigned.
If, at that time, any of the Right Certificates shall not have been countersigned, any successor Rights Agent may countersign
such Right Certificates either in the name of the predecessor Rights Agent or in the name of the successor Rights Agent. In all
such cases such Right Certificates shall have the full force provided in the Right Certificates and in this Agreement.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">If, at any
time, the name of the Rights Agent changes and any of the Right Certificates have been countersigned but not delivered, the Rights
Agent may adopt the countersignature under its prior name and deliver Right Certificates so countersigned. If, at that time, any
of the Right Certificates have not been countersigned, the Rights Agent may countersign such Right Certificates either in its
prior name or in its changed name. In all such cases such Right Certificates shall have the full force provided in the Right Certificates
and in this Agreement.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><FONT STYLE="font-size: 10pt; font-weight: normal">20.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Rights and Duties of Rights Agent</FONT><FONT STYLE="font-size: 10pt">. The Rights Agent undertakes to perform only the
duties and obligations expressly set forth in this Agreement and no implied duties or obligations shall be read into this Agreement
against the Rights Agent. The Rights Agent shall perform its duties and obligations hereunder upon the following terms and conditions,
by all of which the Company and the holders of Right Certificates, by their acceptance thereof, shall be bound:</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><FONT STYLE="font-size: 10pt"></FONT></P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">20.1<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The Rights Agent may consult with legal counsel (who may be legal counsel for the Company or an employee or legal counsel
of the Rights Agent), and the advice or opinion of such counsel shall be full and complete authorization and protection to the
Rights Agent and the Rights Agent shall incur no liability for or in respect of as to any action taken or omitted by it in the
absence of bad faith and in accordance with such advice or opinion.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">20.2<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Whenever in the performance of its duties under this Agreement the Rights Agent shall deem it necessary or desirable that
any fact or matter be proved or established by the Company prior to taking, suffering or omitting to take any action hereunder,
such fact or matter (unless other evidence in respect thereof is specifically prescribed herein) may be deemed to be conclusively
proved and established by a certificate signed by a person reasonably believed by the Rights Agent to be any one of the Chief
Financial Officer or the Secretary of the Company, or any person authorized by the Chief Financial Officer or the Secretary of
the Company to sign such certificate, and delivered to the Rights Agent, and such certificate shall be full authorization to the
Rights Agent and the Rights Agent shall incur no liability for or in respect of any action taken, suffered or omitted to be taken
by it in the absence of bad faith under the provisions of this Agreement in reliance upon such certificate. The Rights Agent shall
have no duty to act without such a certificate as set forth in this Section 20.2.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">20.3<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The Rights Agent shall be liable to the Company and any other Person hereunder only for its own gross negligence, bad faith
or willful misconduct (which gross negligence, bad faith or willful misconduct must be determined by a final, non-appealable judgment
of a court of competent jurisdiction). Notwithstanding anything in this Agreement to the contrary, any liability of the Rights
Agent under this Agreement will be limited to the amount of annual fees paid by the Company to the Rights Agent during the twelve
(12) months immediately preceding the event for which recovery from the Rights Agent is being sought.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">20.4<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The Rights Agent shall not be liable for or by reason of any of the statements of fact or recitals contained in this Agreement
or in the Right Certificates (except as to its countersignature thereof) or be required to verify the same. All such statements
and recitals are and shall be deemed to have been made by the Company only.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">20.5<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The Rights Agent shall not have any liability for or be under any responsibility in respect of the validity of this Agreement
or the execution and delivery hereof (except the due execution hereof by the Rights Agent) or in respect of the legality or validity
or execution of any Right Certificate (except its countersignature thereof); nor shall it be responsible for any determination
by the Board of Directors with respect to the Rights or breach by the Company of any covenant or failure by the Company to satisfy
any condition contained in this Agreement or in any Right Certificate; nor shall it be liable or responsible for any modification
by or order of any court, tribunal or governmental authority in connection with the foregoing, any change in the exercisability
of the Rights or any adjustment required under the provisions of Sections&nbsp;11 or&nbsp;13 or for the manner, method or amount
of any such adjustment or the ascertaining of the existence of facts that would require any such adjustment (except with respect
to the exercise of Rights evidenced by Right Certificates after receipt of a certificate furnished pursuant to Section&nbsp;12
describing such adjustment); nor shall it by any act hereunder be deemed to make any representation or warranty as to the authorization
or reservation of any shares of Preferred Shares</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt"></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt"><FONT STYLE="font-size: 10pt">to
be issued pursuant to this Agreement or any Right Certificate or as to whether any Preferred Shares will, when so issued, be validly
authorized and issued, fully paid, and non-assessable.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">20.6<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The Company agrees that it will perform, execute, acknowledge and deliver, or cause to be performed, executed, acknowledged
and delivered, all such further and other acts, instruments and assurances as may reasonably be required or reasonably requested
by the Rights Agent for the carrying out or performing by the Rights Agent of the provisions of this Agreement.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">20.7<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The Rights Agent is hereby authorized and directed to accept written instructions with respect to the performance of its
duties hereunder and certificates delivered pursuant to any provision hereof from any person reasonably believed by the Rights
Agent to be from any one of the Chief Executive Officer, Chief Financial Officer or Secretary of the Company, and to apply to
such officers for advice or instructions in connection with its duties under this Agreement, and such advice or instructions shall
provide full authorization and protection to the Rights Agent, and the Rights Agent shall not be liable for any action taken,
suffered or omitted to be taken by it in accordance with the written advice or instructions of any such officer or for any delay
in acting while waiting for these instructions. The Rights Agent shall be fully authorized and protected in relying upon the most
recent advice or instructions received by any such officer. Any application by the Rights Agent for written instructions from
the Company may, at the option of the Rights Agent, set forth in writing any action proposed to be taken or omitted by the Rights
Agent with respect to its duties or obligations under this Agreement.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">20.8<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The Rights Agent and any affiliate, stockholder, director, officer, agent, representative or employee of the Rights Agent
may buy, sell or deal in any of the Rights or other securities of the Company, or become pecuniarily interested in any transaction
in which the Company may be interested, or contract with or lend money to the Company, or otherwise act as fully and freely as
though it were not the Rights Agent under this Agreement, in each case in compliance with applicable laws. Nothing herein shall
preclude the Rights Agent and such other Persons from acting in any other capacity for the Company or for any other legal entity.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">20.9<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The Rights Agent may execute and exercise any of the rights or powers hereby vested in it or perform any duty hereunder
either itself or by or through its attorneys or agents. The Rights Agent shall not be answerable or accountable for any act, omission,
default, neglect, or misconduct of any such attorneys or agents or for any loss to the Company or any other Person resulting from
any such act, omission, default, neglect or misconduct, absent gross negligence or bad faith in the selection and continued employment
of such attorneys or agents thereof (which gross negligence or bad faith must be determined by a final, non-appealable judgment
of a court of competent jurisdiction).</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">20.10<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>No provision of this Agreement shall require the Rights Agent to expend or risk its own funds or otherwise incur any financial
liability in the performance of any of its duties hereunder or in the exercise of its rights if the Rights Agent believes that
repayment of such funds or adequate indemnification against such risk or liability is not reasonably assured to it.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">20.11<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The Rights Agent shall not be required to take notice or be deemed to have notice of any fact, event or determination (including
any dates or events defined in this Agreement or</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt"></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt"><FONT STYLE="font-size: 10pt">the
designation of any Person as an Acquiring Person, Affiliate or Associate) under this Agreement unless and until the Rights Agent
shall be specifically notified in writing by the Company of such fact, event or determination, and all notices or other instruments
required by this Agreement to be delivered to the Rights Agent must, in order to be effective, be received by the Rights Agent
as specified in Section 26 hereof, and in the absence of such notice so delivered, the Rights Agent may conclusively assume no
such event or condition exists.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">20.12<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The Rights Agent shall have no responsibility to the Company or any holders of the Rights Certificates for interest or
earnings on any moneys held by the Rights Agent pursuant to this Agreement.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><FONT STYLE="font-size: 10pt; font-weight: normal">21.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Change
of Rights Agent</FONT><FONT STYLE="font-size: 10pt">. The Rights Agent or any successor Rights Agent may resign and be discharged
from its duties under this Agreement upon thirty days&rsquo; notice in writing mailed to the Company and, in the event that the
Rights Agent or one of its Affiliates is not also the transfer agent for the Company, to each transfer agent of the Common Shares
and the Preferred Shares pursuant to Section 26. The Company may remove the Rights Agent or any successor Rights Agent upon thirty
days&rsquo; notice in writing, mailed to the Rights Agent or successor Rights Agent, as the case may be, and to each transfer
agent of the Common Shares and the Preferred Shares by registered or certified mail, and, after the Distribution Date, to the
holders of the Right Certificates by first class mail. In the event the transfer agency relationship in effect between the Company
and the Rights Agent terminates, the Rights Agent will be deemed to have resigned automatically and be discharged from its duties
as Rights Agent under this Agreement as of the effective date of such termination, and the Company shall be responsible for sending
any required notice. If the Rights Agent shall resign or be removed or shall otherwise become incapable of acting, the Company
shall appoint a successor to the Rights Agent. If the Company shall fail to make such appointment within a period of thirty days
after giving notice of such removal or after it has been notified in writing of such resignation or incapacity by the resigning
or incapacitated Rights Agent, then the incumbent Rights Agent or registered holder of any Right Certificate may apply to any
court of competent jurisdiction for the appointment of a new Rights Agent. Any successor Rights Agent, whether appointed by the
Company or by such a court, shall be (a) a Person (other than a natural person) organized and doing business under the laws of
the United States or of any state of the United States, in good standing, which is authorized under such laws to exercise stock
transfer powers, is subject to supervision or examination by federal or state authority, and has, along with its Affiliates, at
the time of its appointment as Rights Agent a combined capital and surplus of at least $50&nbsp;million or (b) an Affiliate of
a Person described in clause (a) of this sentence. After appointment, the successor Rights Agent shall be vested with the same
powers, rights, duties and responsibilities as if it had been originally named as Rights Agent without further act or deed, and
the predecessor Rights Agent shall deliver and transfer to the successor Rights Agent any property at the time held by it hereunder,
and shall execute and deliver any further assurance, conveyance, act or deed necessary for the purpose but such predecessor Rights
Agent shall not be required to make any additional expenditure or assume any additional liability in connection with the foregoing,
and shall thereafter be discharged from all duties and obligations hereunder. Not later than the effective date of any such appointment
the Company shall file notice thereof in writing with the predecessor Rights Agent and each transfer agent of the Common Shares
and the Preferred Shares, and, after the Distribution Date, mail a notice in writing to the registered holders of the Right Certificates.
Failure to give any notice provided for in this Section&nbsp;21,</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt"></P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt"><FONT STYLE="font-size: 10pt">however,
or any defect therein, shall not affect the legality or validity of the resignation or removal of the Rights Agent or the appointment
of the successor Rights Agent, as the case may be.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><FONT STYLE="font-size: 10pt; font-weight: normal">22.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Issuance
of New Right Certificates</FONT><FONT STYLE="font-size: 10pt">. Notwithstanding any of the provisions of this Agreement or of
the Right Certificates to the contrary, the Company may, at its option, issue new Right Certificates evidencing Rights in such
form as may be approved by its Board of Directors to reflect any adjustment or change in the Purchase Price and the number or
kind or class of shares or other securities or property purchasable under the Right Certificates made in accordance with the provisions
of this Agreement. In addition, in connection with the issuance or sale of Common Shares following the Distribution Date and prior
to the earlier of the Redemption Date and the Close of Business on the Final Expiration Date, the Company may, with respect to
Common Shares so issued or sold (i) pursuant to the exercise of stock options; (ii)&nbsp;under any employment plan or arrangement;
(iii)&nbsp;upon the exercise, conversion or exchange of securities, notes or debentures issued by the Company; or (iv)&nbsp;pursuant
to a contractual obligation of the Company, in each case existing prior to the Distribution Date, issue Right Certificates representing
the appropriate number of Rights in connection with such issuance or sale.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><FONT STYLE="font-size: 10pt; font-weight: normal">23.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Redemption</FONT><FONT STYLE="font-size: 10pt">.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">23.1<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The Board of Directors may, at its option, at any time prior to such time as any Person becomes an Acquiring Person, redeem
all, but not less than all, of the then outstanding Rights at a redemption price of $0.00001 per Right, appropriately adjusted
to reflect any stock split, stock dividend or similar transaction occurring after the date hereof (the &ldquo;<B>Redemption Price</B>&rdquo;).
The redemption of the Rights by the Board of Directors may be made effective at such time, on such basis and subject to such conditions
as the Board of Directors in its sole discretion may establish.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">23.2<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Immediately upon the time of the effectiveness of the redemption of the Rights or such earlier time as may be determined
by the Board of Directors in the action ordering such redemption (although not earlier than the time of such action) (the &ldquo;<B>Redemption
Date</B>&rdquo;), and without any further action and without any notice, the right to exercise the Rights shall terminate and
the only right thereafter of the holders of Rights shall be to receive the Redemption Price. The Company shall promptly give public
notice of any such redemption (with prompt written notice to the Rights Agent); <I>provided</I>, <I>however</I>, that the failure
to give, or any defect in, any such notice shall not affect the validity of such redemption. Within ten Business Days after action
of the Board of Directors ordering the redemption of the Rights, the Company shall mail, or cause the Rights Agent to mail (at
the expense of the Company), a notice of redemption to the holders of the then outstanding Rights at their last addresses as they
appear upon the registry books of the Rights Agent or, prior to the Distribution Date, on the registry books of the transfer agent
for the Common Shares. Any notice mailed in the manner herein provided shall be deemed given, whether or not the holder receives
the notice. If the payment of the Redemption Price is not included with such notice, each such notice shall state the method by
which the payment of the Redemption Price will be made. Neither the Company nor any of its Affiliates or Associates may redeem,
acquire or purchase for value any Rights at any time in any manner other than that specifically set forth in this Section&nbsp;23
or in Section&nbsp;24, other than in connection with the purchase of Common Shares prior to the Distribution Date.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"></FONT></P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><FONT STYLE="font-size: 10pt; font-weight: normal">24.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Exchange</FONT><FONT STYLE="font-size: 10pt">.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">24.1<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The Board of Directors may, at its option, at any time after a Stock Acquisition Date, mandatorily exchange all or part
of the then outstanding and exercisable Rights (which excludes Rights that have become void pursuant to Section&nbsp;11.1.2) for
Common Shares at an exchange ratio of one Common Share per one one-thousandths of a Preferred Share represented by a Right, appropriately
adjusted to reflect any stock split, stock dividend or similar transaction occurring after the date hereof (the &ldquo;<B>Exchange
Ratio</B>&rdquo;). From and after the occurrence of an event specified in Section&nbsp;13.1, any rights that theretofore have
not been exchanged pursuant to this Section&nbsp;24 shall thereafter be exercisable only in accordance with Section&nbsp;13 and
may not be exchanged pursuant to this Section&nbsp;24. The exchange of the Rights by the Board of Directors may be made effective
at such time, on such basis and with such conditions as the Board of Directors in its sole discretion may establish.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">24.2<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Immediately upon the action of the Board of Directors ordering the exchange of any Rights pursuant to Section&nbsp;24.1,
and without any further action and without any notice, the right to exercise such Rights shall terminate and the only right thereafter
of a holder of such Rights shall be to receive that number of Common Shares equal to the number of such Rights held by such holder
multiplied by the Exchange Ratio. The Company shall promptly give reasonably detailed written notice of any such exchange to the
Rights Agent, and shall promptly give public notice of any such exchange; <I>provided</I>, <I>however</I>, that the failure to
give, or any defect in, any such notice shall not affect the validity of such exchange. Within ten Business Days after action
by the Board of Directors ordering the exchange of any Rights pursuant to Section 24.1, the Company shall mail, or cause the Rights
Agent to mail, a notice of any such exchange to the holders of such Rights at their last addresses as they appear upon the registry
books of the Rights Agent. Any notice mailed in the manner herein provided shall be deemed given, whether or not the holder receives
the notice. Each such notice of exchange will state the method by which the exchange of the Common Shares for Rights will be effected
and, in the event of any partial exchange, the number of Rights which will be exchanged. Any partial exchange shall be effected
<I>pro rata</I> based on the number of Rights (other than Rights which have become void pursuant to the provisions of Section&nbsp;11.1.2)
held by each holder of Rights.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">24.3<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>In any exchange pursuant to this Section&nbsp;24, the Company, at its option, may substitute Preferred Shares or Common
Stock Equivalents for Common Shares exchangeable for Rights, at the initial rate of one one-thousandth of a Preferred Share (or
an appropriate number of Common Stock Equivalents) for each Common Share, as appropriately adjusted.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">24.4<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>If there shall not be sufficient Common Shares, Preferred Shares or Common Stock Equivalents authorized but unissued to
permit any exchange of Rights as contemplated in accordance with this Section&nbsp;24, the Company shall take all such action
as may be necessary to authorize additional Common Shares, Preferred Shares or Common Stock Equivalents for issuance upon exchange
of the Rights.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">24.5<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The Company shall not be required to issue fractions of Common Shares or to distribute certificates which evidence fractional
Common Shares. In lieu of issuing fractional Common Shares, the Company may instead pay to the registered holders of the Right
Certificates with regard to which such fractional Common Shares would otherwise be issuable an</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt"></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt"><FONT STYLE="font-size: 10pt">amount
in cash equal to the same fraction of the current per share market value of a whole Common Share. For the purposes of this Section&nbsp;24.5,
the current per share market value of a whole Common Share shall be the closing price of a Common Share (as determined pursuant
to the second sentence of Section&nbsp;11.4.1) for the Trading Day immediately prior to the date of exchange pursuant to this
Section&nbsp;24.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">24.6<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Notwithstanding anything in this Section 24 to the contrary, the exchange of the Rights may be made effective at such time,
on such basis and subject to such conditions as the Board of Directors in its sole discretion may establish. Without limiting
the preceding sentence, the Board of Directors may (i) in lieu of issuing Common Shares or any other securities contemplated by
this Section 24 to the Persons entitled thereto in connection with the exchange (such Persons, the &ldquo;<B>Exchange Recipients</B>,&rdquo;
and such shares and other securities, together with any dividends or distributions made on such shares or other securities, the
&ldquo;<B>Exchange Property</B>&rdquo;) issue, transfer or deposit the Exchange Property to or into a trust or other entity (the
&ldquo;<B>Trust</B>&rdquo;) created upon such terms as the Board of Directors may determine to hold all or a portion of the Exchange
Property for the benefit of the Exchange Recipients, (ii) permit the Trust to exercise all of the rights that a stockholder of
record would possess with respect to any shares deposited in the Trust and (iii) direct that all holders of Rights entitled to
receive Exchange Property shall be entitled to receive such Exchange Property only from the Trust and only upon compliance with
the relevant terms and provisions of the Trust and subject to such conditions as the Board of Directors in its sole discretion
may establish. Prior to effecting an exchange of Rights, the Company may require (or cause the trustee or other governing body
of the Trust to require), as a condition thereof, that any Exchange Recipient provide evidence that it is not an Acquiring Person,
including evidence of the identity of the current or former Beneficial Owners thereof and their Affiliates and Associates. If
any Person shall fail to comply with any request to provide such evidence, the Company shall be entitled conclusively to deem
the Rights held by such Person to be null and void pursuant to Section 11.1.2 and not transferable or exercisable or exchangeable
in connection herewith. In the event the Board of Directors determines, before the Distribution Date, to effect an exchange, the
Board of Directors may delay the occurrence of the Distribution Date to such time as the Board of Directors deems advisable.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><FONT STYLE="font-size: 10pt; font-weight: normal">25.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Notice
of Certain Events</FONT><FONT STYLE="font-size: 10pt">.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">25.1<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>If the Company shall after the Distribution Date propose (i)&nbsp;to pay any dividend payable in stock of any class to
the holders of its Preferred Shares or to make any other distribution to the holders of its Preferred Shares (other than a regular
quarterly cash dividend); (ii)&nbsp;to offer to the holders of its Preferred Shares rights or warrants to subscribe for or to
purchase any additional Preferred Shares or shares of stock of any class or any other securities, rights or options; (iii)&nbsp;to
effect any reclassification of its Preferred Shares (other than a reclassification involving only the subdivision of outstanding
Preferred Shares); (iv)&nbsp;to effect any consolidation or merger into or with any other Person, or to effect any sale or other
transfer (or to permit one or more of its Subsidiaries to effect any sale or other transfer), in one or more transactions, of
50% or more of the assets or Earning Power of the Company and its Subsidiaries (taken as a whole) to any other Person; (v)&nbsp;to
effect the liquidation, dissolution or winding-up of the Company; or (vi)&nbsp;to declare or pay any dividend on the Common Shares
payable in Common Shares, or to effect a subdivision, combination or consolidation of the Common Shares (by reclassification or
otherwise than by payment of dividends in Common Shares), then, in each such case, the</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt"></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt"><FONT STYLE="font-size: 10pt">Company
shall give to each holder of a Right Certificate and the Rights Agent, in accordance with Section&nbsp;26, a reasonably detailed
notice of such proposed action, which shall specify the record date for the purposes of such stock dividend, or distribution of
rights or warrants, or the date on which such reclassification, consolidation, merger, sale, transfer, liquidation, dissolution
or winding-up is to take place and the date of participation therein by the holders of the Common Shares or Preferred Shares or
both, if any such date is to be fixed, and such notice shall be so given in the case of any action covered by clause&nbsp;(i)
or&nbsp;(ii) above at least ten days prior to the record date for determining holders of the Preferred Shares for purposes of
such action, and in the case of any such other action, at least ten days prior to the date of the taking of such proposed action
or the date of participation therein by the holders of the Common Shares or Preferred Shares or both, whichever shall be the earlier.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">25.2<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The Company shall, as soon as practicable after a Stock Acquisition Date, give to the Rights Agent and each holder of a
Right Certificate, in accordance with Section&nbsp;26, a notice that describes the transaction in which a Person became an Acquiring
Person and the consequences of the transaction to holders of Rights under Section&nbsp;11.1.2.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><FONT STYLE="font-size: 10pt; font-weight: normal">26.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Notices</FONT><FONT STYLE="font-size: 10pt">.
Notices or demands authorized by this Agreement to be given or made by the Rights Agent or by the holder of any Right Certificate
to or on the Company shall be sufficiently given or made if in writing and when sent by overnight delivery service or first-class
mail, postage prepaid, properly addressed (until another address is filed in writing with the Rights Agent) as follows:</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in"><FONT STYLE="font-size: 10pt">HRG Group, Inc.<BR>
450 Park Avenue, 29<SUP>th</SUP> Floor</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in"><FONT STYLE="font-size: 10pt"></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in"><FONT STYLE="font-size: 10pt">New York, NY 10022</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in"><FONT STYLE="font-size: 10pt"></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in"><FONT STYLE="font-size: 10pt">Attention: Ehsan Zargar</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">Subject to the provisions of
Section&nbsp;21, any notice or demand authorized by this Agreement to be given or made by the Company or by the holder of any
Right Certificate to or on the Rights Agent shall be deemed given upon receipt and shall be sufficiently given or made if in writing
when sent by overnight delivery service or registered or certified mail properly addressed (until another address is filed in
writing with the Company) as follows:</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in"><FONT STYLE="font-size: 10pt">American Stock Transfer
&amp; Trust Company, LLC</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in"><FONT STYLE="font-size: 10pt"></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in"><FONT STYLE="font-size: 10pt">6201 15th Avenue</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in"><FONT STYLE="font-size: 10pt"></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in"><FONT STYLE="font-size: 10pt">Brooklyn, NY 11219</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in"><FONT STYLE="font-size: 10pt"></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in"><FONT STYLE="font-size: 10pt">Attention: Relationship
Management</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">Notices or demands authorized
by this Agreement to be given or made by the Company or the Rights Agent to the holder of any Right Certificate shall be sufficiently
given or made if in writing, when sent by first-class mail, postage prepaid, addressed to such holder at the address of such holder
as shown on the registry books of the Company.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><FONT STYLE="font-size: 10pt; font-weight: normal">27.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Supplements
and Amendments</FONT><FONT STYLE="font-size: 10pt">. The Company may from time to time, and the Rights Agent shall if the Company
so directs in writing, supplement or amend this Agreement without the approval of any holders of Right Certificates in order to
cure any ambiguity, to correct or</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt"></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt"><FONT STYLE="font-size: 10pt">supplement
any provision contained herein which may be defective or inconsistent with any other provisions herein, or to make any change
to or delete any provision hereof or to adopt any other provisions with respect to the Rights which the Company may deem necessary
or desirable; <I>provided</I>, <I>however</I>, that, from and after such time as any Person becomes an Acquiring Person, this
Agreement shall not be amended or supplemented in any manner which would adversely affect the interests of the holders of Rights
(other than an Acquiring Person and its Affiliates and Associates). For the avoidance of doubt, the Company shall be entitled
to adopt and implement such procedures and arrangements (including with third parties) as it may deem necessary or desirable to
facilitate the exercise, exchange, trading, issuance or distribution of the Rights (and Preferred Shares) as contemplated hereby
and to ensure that an Excluded Person does not obtain the benefits thereof, and amendments in respect of the foregoing shall not
be deemed to adversely affect the interests of the holders of Rights. Any supplement or amendment authorized by this Section&nbsp;27
will be evidenced by a writing signed by the Company and the Rights Agent, subject to certification by any of the officers of
the Company listed in Section 20.2 that any such supplement or amendment complies with this Section 27. Notwithstanding anything
in this Agreement to the contrary, the Rights Agent shall not be required to execute any supplement or amendment to this Agreement
that it has reasonably determined would adversely affect its own rights, duties, obligations or immunities under this Agreement.
No supplement or amendment to this Agreement shall be effective unless duly executed by the Rights Agent.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><FONT STYLE="font-size: 10pt; font-weight: normal">28.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Successors</FONT><FONT STYLE="font-size: 10pt">.
All the covenants and provisions of this Agreement by or for the benefit of the Company or the Rights Agent shall bind and inure
to the benefit of their respective successors and assigns hereunder.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><FONT STYLE="font-size: 10pt; font-weight: normal">29.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Benefits of this Agreement</FONT><FONT STYLE="font-size: 10pt">. Nothing in this Agreement shall be construed to give to
any Person or entity other than the Company, the Rights Agent and the registered holders of the Right Certificates any legal or
equitable right, remedy or claim under this Agreement. This Agreement shall be for the sole and exclusive benefit of the Company,
the Rights Agent and the registered holders of the Right Certificates.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><FONT STYLE="font-size: 10pt; font-weight: normal">30.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Severability</FONT><FONT STYLE="font-size: 10pt">. 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 or unenforceable, the remainder of the terms,
provisions, covenants and restrictions of this Agreement shall remain in full force and effect and shall in no way be affected,
impaired or invalidated; <I>provided</I>, <I>however</I>, that if such excluded provision shall affect the rights, immunities,
liabilities, duties or obligations of the Rights Agent, the Rights Agent shall be entitled to resign immediately upon written
notice to the Company.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><FONT STYLE="font-size: 10pt; font-weight: normal">31.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Governing Law</FONT><FONT STYLE="font-size: 10pt">. This Agreement and each Right Certificate issued hereunder shall be
deemed to be a contract made under the laws of the State of Delaware and for all purposes shall be governed by and construed in
accordance with the laws of such State applicable to contracts to be made and performed entirely within such state; <I>provided</I>,
<I>however</I>, that all provisions regarding the rights, duties, liabilities and obligations of the Rights Agent shall be governed
by and construed in accordance with the laws of the State of New York applicable to contracts made and to be performed entirely
within the State of New York.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><FONT STYLE="font-size: 10pt"></FONT></P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><FONT STYLE="font-size: 10pt; font-weight: normal">32.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Counterparts</FONT><FONT STYLE="font-size: 10pt">.
This Agreement may be executed in any number of counterparts, and each of such counterparts shall for all purposes be deemed to
be an original, and all such counterparts shall together constitute but one and the same instrument. A signature to this Agreement
transmitted electronically shall have the same authority, effect and enforceability as an original signature.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><FONT STYLE="font-size: 10pt; font-weight: normal">33.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Descriptive Headings</FONT><FONT STYLE="font-size: 10pt">. Descriptive headings of the sections of this Agreement are inserted
for convenience only and shall not control or affect the meaning or construction of any of the provisions hereof.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><FONT STYLE="font-size: 10pt; font-weight: normal">34.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Administration</FONT><FONT STYLE="font-size: 10pt">. Other than with respect to rights, duties, obligations and immunities
of the Rights Agent, the Board of Directors shall have the exclusive power and authority to administer and interpret the provisions
of this Agreement and to exercise all rights and powers specifically granted to the Board of Directors or the Company or as may
be necessary or advisable in the administration of this Agreement. All such actions, calculations, determinations and interpretations
which are done or made by the Board of Directors in good faith shall be final, conclusive and binding on the Company, the Rights
Agent, holders of the Rights and all other parties and shall not subject the Board of Directors to any liability to the holders
of the Rights. The Rights Agent is entitled always to assume the Board of Directors acted in good faith and shall be fully protected
and incur no liability in reliance thereon.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><FONT STYLE="font-size: 10pt; font-weight: normal">35.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Force Majeure</FONT><FONT STYLE="font-size: 10pt">. Notwithstanding anything to the contrary contained herein, the Rights
Agent shall not be liable for any delays or failures in performance resulting from acts beyond its reasonable control including
acts of God, terrorist acts, shortage of supply, breakdowns or malfunctions, interruptions or malfunction of any utilities, communications,
or computer facilities, or loss of data due to power failures or mechanical difficulties with information storage or retrieval
systems, labor difficulties, war, or civil unrest.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt">[<I>Signature
Pages Follow</I>]</FONT></P>

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

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

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


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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">The parties
hereto have caused this Agreement to be duly executed as of the day and year first above written.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt"></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3in; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 12pt"><FONT STYLE="font-size: 10pt"><B>HRG Group, Inc.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 12pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 12pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="width: 6%; font-size: 12pt"><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD STYLE="width: 40%; border-bottom: Black 1pt solid">/s/ Ehsan Zargar<FONT STYLE="font-size: 10pt"></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-left: 0.5in; font-size: 12pt; text-indent: -0.5in"><FONT STYLE="font-size: 10pt">Name:&#9; Ehsan Zargar</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-left: 0.5in; font-size: 12pt; text-indent: -0.5in"><FONT STYLE="font-size: 10pt">Title:&#9; &nbsp;&nbsp;Executive Vice
    President and General&nbsp;&nbsp;&nbsp;Counsel</FONT></TD></TR>
</TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-size: 10pt; font-variant: small-caps">[</FONT><FONT STYLE="font-size: 10pt"><I>Signature
Page to Rights Agreement</I>]</FONT></P>

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



<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"></FONT></P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">The parties
hereto have caused this Agreement to be duly executed as of the day and year first above written.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt"></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 2.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 12pt"><FONT STYLE="font-size: 10pt"><B>American Stock Transfer &amp; Trust Company, LLC</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 12pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 12pt">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="width: 6%; font-size: 12pt"><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD STYLE="width: 40%; border-bottom: Black 1pt solid">/s/ Michael A. Nespoli<FONT STYLE="font-size: 10pt"></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-left: 0.5in; font-size: 12pt; text-indent: -0.5in"><FONT STYLE="font-size: 10pt">Name:&#9;Michael A. Nespoli</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-left: 0.5in; font-size: 12pt; text-indent: -0.5in"><FONT STYLE="font-size: 10pt">Title:&#9;&nbsp;&nbsp;Executive Director</FONT></TD></TR>
</TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-size: 10pt; font-variant: small-caps">[</FONT><FONT STYLE="font-size: 10pt"><I>Signature
Page to Rights Agreement</I>]</FONT></P>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt"><B><U>EXHIBIT&nbsp;A</U></B></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

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

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

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

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

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

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

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

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt">SERIES B
PREFERRED STOCK</FONT></P>

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

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

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

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

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

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

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

<HR NOSHADE SIZE="1" STYLE="color: Black; width: 60%; margin-top: 3pt; margin-bottom: 3pt">
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

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

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 1in; text-align: center"><FONT STYLE="font-size: 10pt">(Pursuant
to Section 151 of the General Corporation Law of the State of Delaware)</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 1in; text-align: center"></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 1in; text-align: center">&nbsp;</P>

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

<HR NOSHADE SIZE="1" STYLE="color: Black; width: 60%; margin-top: 3pt; margin-bottom: 3pt">
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 1in; text-align: center">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 1in; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">HRG Group,
Inc., a corporation organized and existing under General Corporation Law of the State of Delaware (&ldquo;<B>DGCL</B>&rdquo;)
(the &ldquo;<B>Corporation</B>&rdquo;), hereby certifies that pursuant to the authority conferred upon the Board of Directors
of the Corporation (the &ldquo;<B>Board of Directors</B>&rdquo;) by the Amended Certificate of Incorporation of the Corporation
(the &ldquo;<B>Certificate of Incorporation</B>&rdquo;), the Board of Directors on February 24, 2018 adopted the following resolution
creating a series of Preferred Stock designated as Series B Preferred Stock (as hereinafter defined):</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">RESOLVED, that
pursuant to the authority vested in the Board of Directors in accordance with the provisions of the Certificate of Incorporation,
a series of Preferred Stock, par value $0.01 per share, of the Corporation be and it hereby is created, and that the designation
and amount thereof and the powers, preferences and relative, participating, optional and other special rights of the shares of
such series, and the qualifications, limitations or restrictions thereof are as follows:</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt"></FONT></P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">Section&nbsp;1.&#9;<U>Designation
and Amount</U>. The shares of this series shall be designated as Series B Preferred Stock (the &ldquo;<B>Series B Preferred Stock</B>&rdquo;),
and the number of shares constituting the Series B Preferred Stock shall be 5,000,000. Such number of shares may be increased
or decreased by resolution of the Board of Directors; <I>provided</I>, that no decrease shall reduce the number of shares of Series
B Preferred Stock to a number less than the number of shares then outstanding plus the number of shares reserved for issuance
upon the exercise of outstanding options, rights or warrants or upon the conversion of any outstanding securities issued by the
Corporation convertible into Series B Preferred Stock.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">Section&nbsp;2.&#9;<U>Dividends
and Distributions</U>.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">(A)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subject
to the rights of the holders of any shares of any series of Preferred Stock (or any other stock) ranking prior and superior to
the Series B Preferred Stock with respect to dividends, the holders of shares of Series B Preferred Stock shall be entitled to
receive, when, as and if declared by the Board of Directors out of funds legally available for the purpose, quarterly dividends
payable in cash on the last day of March, June, September and December in each year (each such date a &ldquo;<B>Quarterly Dividend
Payment Date</B>&rdquo;), commencing on the first Quarterly Dividend Payment Date after the first issuance of a share or fraction
of a share of Series B Preferred Stock, in an amount (if any) per share (rounded to the nearest cent), subject to the provision
for adjustment hereinafter set forth, equal to 1,000 multiplied by the aggregate per share amount of all cash dividends, and 1,000
multiplied by the aggregate per share amount (payable in kind) of all non-cash dividends or other distributions, other than a
dividend payable in shares of Common Stock, par value $0.01 per share (the &ldquo;<B>Common Stock</B>&rdquo;), of the Corporation
or a subdivision of the outstanding shares of Common Stock (by reclassification or otherwise) declared on the Common Stock since
the immediately preceding Quarterly Dividend Payment Date or, with respect to the first Quarterly Dividend Payment Date, since
the first issuance of any share or fraction of a share of Series B Preferred Stock. In the event the Corporation shall at any
time declare or pay any dividend on the Common Stock payable in shares of Common Stock, or effect a subdivision or combination
or consolidation of the outstanding shares of Common Stock (by reclassification or otherwise than by payment of a dividend in
shares of Common Stock) into a greater or lesser number of shares of Common Stock, then in each such case the amount to which
holders of shares of Series B Preferred Stock were entitled immediately prior to such event under the preceding sentence shall
be adjusted by multiplying such amount by a fraction, the numerator of which is the number of shares of Common Stock outstanding
immediately after such event and the denominator of which is the number of shares of Common Stock that were outstanding immediately
prior to such event.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">(B)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Corporation shall declare a dividend or distribution on the Series B Preferred Stock as provided in paragraph&nbsp;(A) of this
Section 2 immediately after it declares a dividend or distribution on the Common Stock (other than a dividend payable in shares
of Common Stock).</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">(C)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividends
due pursuant to paragraph&nbsp;(A) of this Section 2 shall begin to accrue and be cumulative on outstanding shares of Series B
Preferred Stock from the Quarterly Dividend Payment Date next preceding the date of issue of such shares, unless the date of issue
of such shares is prior to the record date for the first Quarterly Dividend Payment Date, in which case dividends on such shares
shall begin to accrue from the date of issue of such shares, or</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt"></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt"><FONT STYLE="font-size: 10pt">unless
the date of issue is a Quarterly Dividend Payment Date or is a date after the record date for the determination of holders of
shares of Series B Preferred Stock entitled to receive a quarterly dividend and before such Quarterly Dividend Payment Date, in
either of which events such dividends shall begin to accrue and be cumulative from such Quarterly Dividend Payment Date. Accrued
but unpaid dividends shall not bear interest. Dividends paid on the shares of Series B Preferred Stock in an amount less than
the total amount of such dividends at the time accrued and payable on such shares shall be allocated pro rata on a share-by-share
basis among all such shares at the time outstanding. The Board of Directors may fix a record date for the determination of holders
of shares of Series B Preferred Stock entitled to receive payment of a dividend or distribution declared thereon, which record
date shall be not more than 60&nbsp;days prior to the date fixed for the payment thereof.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">Section&nbsp;3.&#9;<U>Voting
Rights</U>. The holders of shares of Series B Preferred Stock shall have the following voting rights:</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">(A)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subject
to the provision for adjustment hereinafter set forth, each share of Series B Preferred Stock shall entitle the holder thereof
to 1,000&nbsp;votes on all matters submitted to a vote of the stockholders of the Corporation. In the event the Corporation shall
at any time declare or pay any dividend on the Common Stock payable in shares of Common Stock, or effect a subdivision or combination
or consolidation of the outstanding shares of Common Stock (by reclassification or otherwise than by payment of a dividend in
shares of Common Stock) into a greater or lesser number of shares of Common Stock, then in each such case the number of votes
per share to which holders of shares of Series B Preferred Stock were entitled immediately prior to such event shall be adjusted
by multiplying such number by a fraction, the numerator of which is the number of shares of Common Stock outstanding immediately
after such event and the denominator of which is the number of shares of Common Stock that were outstanding immediately prior
to such event.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">(B)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Except
as otherwise provided in the Certificate of Incorporation, including any other Certificate of Designation creating a series of
Preferred Stock or any similar stock, or by law, the holders of shares of Series B Preferred Stock and the holders of shares of
Common Stock and any other capital stock of the Corporation having general voting rights shall vote together as one class on all
matters submitted to a vote of stockholders of the Corporation.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">(C)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Except
as set forth herein, or as otherwise required by law, holders of Series B Preferred Stock shall have no special voting rights
and their consent shall not be required (except to the extent they are entitled to vote with holders of Common Stock as set forth
herein) for taking any corporate action.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">Section&nbsp;4.&#9;<U>Certain
Restrictions</U>.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">(A)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Whenever
quarterly dividends or other dividends or distributions payable on the Series B Preferred Stock as provided in Section&nbsp;2
are in arrears, thereafter and until all accrued and unpaid dividends and distributions, whether or not declared, on shares of
Series B Preferred Stock outstanding shall have been paid in full, the Corporation shall not:</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt"></FONT></P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1.25in"><FONT STYLE="font-size: 10pt">&#9;(i)&#9;declare
or pay dividends, or make any other distributions, on any shares of stock ranking junior (either as to dividends or upon liquidation,
dissolution or winding-up) to the Series B Preferred Stock;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1.25in"><FONT STYLE="font-size: 10pt">&#9;(ii)&#9;declare
or pay dividends, or make any other distributions, on any shares of stock ranking on a parity (either as to dividends or upon
liquidation, dissolution or winding-up) with the Series B Preferred Stock, except dividends paid ratably on the Series B Preferred
Stock and all such parity stock on which dividends are payable or in arrears in proportion to the total amounts to which the holders
of all such shares are then entitled; or</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1.25in"><FONT STYLE="font-size: 10pt">&#9;(iii)&#9;redeem
or purchase or otherwise acquire for consideration shares of any stock ranking junior (either as to dividends or upon liquidation,
dissolution or winding-up) to the Series B Preferred Stock, provided that the Corporation may at any time redeem, purchase or
otherwise acquire shares of any such junior stock in exchange for shares of any stock of the Corporation ranking junior (as to
dividends and upon dissolution, liquidation or winding-up) to the Series B Preferred Stock.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">(B)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Corporation shall not permit any subsidiary of the Corporation to purchase or otherwise acquire for consideration any shares of
stock of the Corporation unless the Corporation could, under paragraph&nbsp;(A) of this Section&nbsp;4, purchase or otherwise
acquire such shares at such time and in such manner.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">Section&nbsp;5.&#9;<U>Reacquired
Shares</U>. Any shares of Series B Preferred Stock purchased or otherwise acquired by the Corporation in any manner whatsoever
shall be retired and canceled promptly after the acquisition thereof. The Corporation shall take all such actions as are necessary
to cause all such shares to become authorized but unissued shares of Preferred Stock that may be reissued as part of a new series
of Preferred Stock subject to the conditions and restrictions on issuance set forth herein or in the Certificate of Incorporation,
including any Certificate of Designation creating a series of Preferred Stock or any similar stock, or as otherwise required by
law.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">Section&nbsp;6.&#9;<U>Liquidation,
Dissolution or Winding-Up</U>.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">(A)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Upon
any liquidation, dissolution or winding-up of the Corporation, voluntary or otherwise, no distribution shall be made to the holders
of stock ranking junior (either as to dividends or upon liquidation, dissolution or winding-up) to the Series B Preferred Stock
unless, prior thereto, the holders of Series B Preferred Stock shall have received an amount per share (the &ldquo;<B>Series B
Liquidation Preference</B>&rdquo;) equal to an amount per share, subject to the provision for adjustment hereinafter set forth,
equal to 1,000&nbsp;multiplied by the aggregate amount to be distributed per share to holders of shares of Common Stock plus an
amount equal to any accrued and unpaid dividends. In the event the Corporation shall at any time declare or pay any dividend on
the Common Stock payable in shares of Common Stock, or effect a subdivision or combination or consolidation of the outstanding
shares of Common Stock (by reclassification or otherwise than by payment of a dividend in shares of Common Stock) into a greater
or lesser number of shares of Common Stock, then in each such case the aggregate amount to which holders of shares of Series B
Preferred Stock were entitled immediately prior to such event under the preceding sentence shall be adjusted by multiplying such
amount by a fraction, the numerator</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt"></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt"><FONT STYLE="font-size: 10pt">of
which is the number of shares of Common Stock outstanding immediately after such event and the denominator of which is the number
of shares of Common Stock that were outstanding immediately prior to such event.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">(B)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If
there are not sufficient assets available to permit payment in full of the Series B Liquidation Preference and the liquidation
preferences of all other classes and series of stock of the Corporation, if any, that rank on a parity with the Series B Preferred
Stock in respect thereof, then the assets available for such distribution shall be distributed ratably to the holders of the Series
B Preferred Stock and the holders of such parity shares in proportion to their respective liquidation preferences.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">(C)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Neither
the merger or consolidation of the Corporation into or with another entity nor the merger or consolidation of any other entity
into or with the Corporation shall be deemed to be a liquidation, dissolution or winding-up of the Corporation within the meaning
of this Section 6.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">Section&nbsp;7.&#9;<U>Consolidation,
Merger, Etc.</U> If the Corporation shall enter into any consolidation, merger, combination or other transaction in which the
shares of Common Stock are exchanged for or changed into other stock or securities, cash and/or any other property, then in any
such case each share of Series B Preferred Stock shall at the same time be similarly exchanged or changed into an amount per share,
subject to the provision for adjustment hereinafter set forth, equal to 1,000&nbsp;multiplied by the aggregate amount of stock,
securities, cash and/or any other property (payable in kind), as the case may be, into which or for which each share of Common
Stock is changed or exchanged. In the event the Corporation shall at any time declare or pay any dividend on the Common Stock
payable in shares of Common Stock, or effect a subdivision or combination or consolidation of the outstanding shares of Common
Stock (by reclassification or otherwise than by payment of a dividend in shares of Common Stock) into a greater or lesser number
of shares of Common Stock, then in each such case the amount set forth in the preceding sentence with respect to the exchange
or change of shares of Series B Preferred Stock shall be adjusted by multiplying such amount by a fraction, the numerator of which
is the number of shares of Common Stock outstanding immediately after such event and the denominator of which is the number of
shares of Common Stock that were outstanding immediately prior to such event.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">Section&nbsp;8.&#9;<U>Amendment</U>.
While any Series B Preferred Stock is issued and outstanding, the Certificate of Incorporation shall not be amended in any manner,
including in a merger or consolidation, which would alter, change or repeal the powers, preferences or special rights of the Series
B Preferred Stock so as to affect them adversely without the affirmative vote of the holders of at least two-thirds of the outstanding
shares of Series B Preferred Stock, voting together as a single class.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">Section&nbsp;9.&#9;<U>Rank</U>.
The Series B Preferred Stock shall rank, with respect to the payment of dividends and upon liquidation, dissolution and winding-up,
junior to all other series of Preferred Stock, unless the terms of any such series shall provide otherwise, and shall rank senior
to the Common Stock as to such matters.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt">[<I>Signature
Page Follows</I>]</FONT></P>

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

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


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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">IN WITNESS
WHEREOF, this Certificate of Designation is executed on behalf of the Corporation by its duly authorized officer this 24 day of
February, 2018.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt"></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 225pt; text-indent: 0pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 12pt"><FONT STYLE="font-size: 10pt"><B>HRG Group, Inc.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 12pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 12pt">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="width: 6%; font-size: 12pt"><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD STYLE="width: 40%; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt"></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-left: 0.5in; font-size: 12pt; text-indent: -0.5in"><FONT STYLE="font-size: 10pt">Name:&#9;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-left: 0.5in; font-size: 12pt; text-indent: -0.5in"><FONT STYLE="font-size: 10pt">Title:&#9;</FONT></TD></TR>
</TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt"><B><U>EXHIBIT&nbsp;B</U></B></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt">Form of Right
Certificate</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 12pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="width: 50%"><P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">Certificate
                           No. B-_______&#9;</FONT></P></TD>
    <TD STYLE="width: 50%; text-align: right"><FONT STYLE="font-size: 10pt">_____ Rights</FONT></TD></TR>
</TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0.5in; text-align: left; text-indent: 0in"><FONT STYLE="font-size: 10pt">NOT
EXERCISABLE AFTER THE FINAL EXPIRATION DATE (AS DEFINED IN THE RIGHTS AGREEMENT) OR EARLIER IF REDEMPTION, EXCHANGE OR TERMINATION
OCCURS OR AS OTHERWISE SPECIFIED IN THE RIGHTS AGREEMENT. THE RIGHTS ARE SUBJECT TO REDEMPTION AT $0.00001 PER RIGHT AND TO EXCHANGE
ON THE TERMS SET FORTH IN THE RIGHTS AGREEMENT. UNDER CERTAIN CIRCUMSTANCES, RIGHTS THAT ARE OR WERE ACQUIRED OR BENEFICIALLY
OWNED BY AN ACQUIRING PERSON OR ANY ASSOCIATES OR AFFILIATES THEREOF (AS SUCH TERMS ARE DEFINED IN THE RIGHTS AGREEMENT)<FONT STYLE="text-transform: uppercase">,
</FONT>OR ANY SUBSEQUENT HOLDER OF SUCH RIGHTS, MAY BECOME NULL AND VOID.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0.5in; text-align: left; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><FONT STYLE="font-size: 10pt">Right
Certificate</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><FONT STYLE="font-size: 10pt">HRG
Group, Inc.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in"><FONT STYLE="font-size: 10pt">This
certifies that ___________________________, or registered assigns, is the registered owner of the number of Rights set forth above,
each of which entitles the owner thereof, subject to the terms, provisions and conditions of the Rights Agreement (the &ldquo;<B>Rights
Agreement</B>&rdquo;), dated as of 24, 2018, between HRG Group, Inc., a Delaware corporation (the &ldquo;<B>Company</B>&rdquo;),
and American Stock Transfer &amp; Trust Company, LLC, a limited liability trust company, as Rights Agent (or any successor rights
agent) (the &ldquo;<B>Rights Agent</B>&rdquo;), as may be amended from time to time, to purchase from the Company at any time
after the Distribution Date (as such term is defined in the Rights Agreement) and prior to the Final Expiration Date (as such
term is defined in the Rights Agreement) or earlier under certain circumstances set forth in the Rights Agreement, at the offices
of the Rights Agent designated for such purpose, or at the office of its successor as Rights Agent, one one-thousandth of a fully
paid non-assessable share</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt"></P>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt"><FONT STYLE="font-size: 10pt">of
Series B Preferred Stock, par value $0.01 per share (the &ldquo;<B>Preferred Shares</B>&rdquo;), of the Company, at a purchase
price of $71.55 per one one-thousandth of a Preferred Share (the &ldquo;<B>Purchase Price</B>&rdquo;), upon presentation and surrender
of this Right Certificate with the Form of Election to Purchase properly completed and duly executed, accompanied by such documentation
as the Rights Agent may reasonably request. The number of Rights evidenced by this Right Certificate (and the number of one one-thousandths
of a Preferred Share which may be purchased upon exercise hereof) set forth above, and the Purchase Price set forth above, are
the number and Purchase Price as of February 24, 2018, based on the Preferred Shares as constituted at such date. As provided
in the Rights Agreement, the Purchase Price and the number of one one-thousandths of a Preferred Share which may be purchased
upon the exercise of the Rights evidenced by this Right Certificate are subject to modification and adjustment upon the happening
of certain events.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in"><FONT STYLE="font-size: 10pt">From
and after the occurrence of a Stock Acquisition Date (as defined in the Rights Agreement), if the Rights evidenced by this Right
Certificate are or were acquired or Beneficially Owned by an Acquiring Person or an Associate or Affiliate of an Acquiring Person,
such Rights shall become void, and any holder of such Rights shall thereafter have no right to exercise such Rights.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in"><FONT STYLE="font-size: 10pt">This
Right Certificate is subject to all of the terms, provisions and conditions of the Rights Agreement, which terms, provisions and
conditions are incorporated herein by this reference and made a part hereof, and to which Rights Agreement reference is made for
a full description of the rights, limitations of rights, obligations, duties and immunities hereunder of the Rights Agent, the
Company and the holders of the Right Certificates. Copies of the Rights Agreement are on file at the principal executive offices
of the Company and the office of the Rights Agent designated for such purpose.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in"><FONT STYLE="font-size: 10pt">This
Right Certificate, with or without other Right Certificates, upon surrender at the office or offices of the Rights Agent designated
for such purpose, accompanied by such documentation as the Rights Agent may reasonably request, may be exchanged for another Right
Certificate or Right Certificates of like tenor and date evidencing Rights entitling the holder to purchase a like aggregate number
of Preferred Shares as the Rights evidenced by the Right Certificate or Right Certificates surrendered shall have entitled such
holder to purchase. If this Right Certificate shall be exercised in part, the holder shall be entitled to receive upon surrender
hereof another Right Certificate or Right Certificates for the number of whole Rights not exercised.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in"><FONT STYLE="font-size: 10pt">Subject
to the provisions of the Rights Agreement, at the Company&rsquo;s option, the Rights evidenced by this Certificate (i)&nbsp;may
be redeemed by the Company at a redemption price of $0.00001 per Right or (ii)&nbsp;may be exchanged in whole or in part for shares
of the Company&rsquo;s Common Stock, par value $0.01 per share, Preferred Shares, cash, debt securities or other assets, property
or instruments. The shares and other securities transferred as part of the exchange may be transferred to a trust created upon
such terms as the Board of Directors of the Company may determine.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in"><FONT STYLE="font-size: 10pt">No
fractional Preferred Shares will be issued upon the exercise of any Right or Rights evidenced hereby (other than fractions which
are integral multiples of one one-thousandth</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt"></P>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt"><FONT STYLE="font-size: 10pt">of
a Preferred Share, which may, at the election of the Company, be evidenced by depositary receipts), but in lieu thereof a cash
payment will be made, as provided in the Rights Agreement.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in"><FONT STYLE="font-size: 10pt">No
holder of this Right Certificate, as such, shall be entitled to vote or receive dividends or be deemed for any purpose the holder
of the Preferred Shares or of any other securities of the Company which may at any time be issuable on the exercise or exchange
hereof, nor shall anything contained in the Rights Agreement or herein be construed to confer upon the holder hereof, as such,
any of the rights of a stockholder of the Company or any right to vote for the election of directors or upon any matter submitted
to stockholders at any meeting thereof, or to give or withhold consent to any corporate action, or to receive notice of meetings
or other actions affecting stockholders (except as provided in the Rights Agreement), or to receive dividends or subscription
rights, or otherwise, until the Right or Rights evidenced by this Right Certificate shall have been exercised or exchanged as
provided in the Rights Agreement.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in"><FONT STYLE="font-size: 10pt">This
Right Certificate shall not be valid or obligatory for any purpose until it shall have been countersigned by the Rights Agent.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">WITNESS
the facsimile signature of the proper officers of the Company and its corporate seal. Dated as of ____________.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 12pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
    <TD><FONT STYLE="font-size: 10pt">Attest:</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2"><FONT STYLE="font-size: 10pt"><B>HRG Group, Inc.</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 43%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD></TR>
</TABLE>

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

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 12pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 12pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">Countersigned:</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="width: 42%; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="width: 58%">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">Rights Agent</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="width: 5%">By:</TD>
    <TD STYLE="width: 37%; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="width: 58%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>Authorized Signature</TD>
    <TD>&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>
</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


<!-- Field: Page; Sequence: 47; Value: 1 -->
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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt">Form of Reverse
Side of Right Certificate</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"><U>FORM OF
ASSIGNMENT</U></FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0.5in; text-align: center"><FONT STYLE="font-size: 10pt">(To be
executed by the registered holder if such holder desires to transfer the Right Certificate.)</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0.5in; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in"><FONT STYLE="font-size: 10pt">FOR
VALUE RECEIVED, ___________________________________ hereby sells, assigns and transfers unto <U></U></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in"><FONT STYLE="font-size: 10pt"><U></U></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="width: 100%; border-bottom: Black 1pt solid">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in"><FONT STYLE="font-size: 10pt"><U></U></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in"><FONT STYLE="font-size: 10pt"></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font-size: 10pt">&#9;(Please
print name and address of transferee)</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">this Right Certificate, together
with all right, title and interest therein, and does hereby irrevocably constitute and appoint _______________________________,
Attorney, to transfer the within Right Certificate on the books of the within-named Company, with full power of substitution.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 12pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="width: 8%"><FONT STYLE="font-size: 10pt">Date:</FONT></TD>
    <TD STYLE="width: 25%; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 17%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 50%; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">Signature</FONT></TD></TR>
</TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3in; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">Signature Guaranteed:</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in"><FONT STYLE="font-size: 10pt">Signatures
must be guaranteed by an eligible guarantor institution (bank, stock broker or savings and loan association with membership in
an approved signature medallion program).</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">----------------------------------------------------------------</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in"><FONT STYLE="font-size: 10pt">The
undersigned hereby certifies that the Rights evidenced by this Right Certificate are not Beneficially Owned by and were not acquired
by the undersigned from an Acquiring Person or an Affiliate or Associate thereof (as such terms are defined in the Rights Agreement).</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in"><P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 12pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="width: 8%"></TD>
    <TD STYLE="width: 25%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 17%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 50%; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">Signature</FONT></TD></TR>
</TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3in; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">----------------------------------------------------------------</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


<!-- Field: Page; Sequence: 48; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font-size: 10pt">-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->45<!-- Field: /Sequence -->-</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt">Form of Reverse
Side of Right Certificate -- continued</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"><U>FORM OF
ELECTION TO PURCHASE</U></FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(To
be executed if holder desires to exercise the Right Certificate.)</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0.5in 0pt 0"><FONT STYLE="font-size: 10pt">TO HRG GROUP, INC.:</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0.5in 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in"><FONT STYLE="font-size: 10pt">The
undersigned hereby irrevocably elects to exercise _______________ Rights represented by this Right Certificate to purchase the
Preferred Shares issuable upon the exercise of such Rights and requests that certificates for such Preferred Shares be issued
in the name of:</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">Please insert Social Security
or other identifying number: ___________________________________.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 12pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="width: 100%; border-bottom: Black 1pt solid">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0.5in 0pt 0"><FONT STYLE="font-size: 10pt">(Please print name
and address)</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0.5in 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0.5in 0pt 0"><FONT STYLE="font-size: 10pt">If such number of Rights
shall not be all the Rights evidenced by this Right Certificate, a new Right Certificate for the balance remaining of such Rights
shall be registered in the name of and delivered to:</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0.5in 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">Please insert Social Security
or other identifying number: <U>&#9;</U>___________________________________.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 12pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="border-bottom: Black 1pt solid; width: 100%">&nbsp;</TD></TR>
</TABLE></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0.5in 0pt 0"><FONT STYLE="font-size: 10pt">(Please print name
and address)</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0.5in 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Rule-Page --><DIV ALIGN="CENTER" STYLE="margin-top: 0pt; margin-bottom: 0pt"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid; width: 100%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 12pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="width: 8%"><FONT STYLE="font-size: 10pt">Dated:</FONT></TD>
    <TD STYLE="width: 35%"><FONT STYLE="font-size: 10pt">&nbsp;_________________ ______, _________</FONT></TD>
    <TD STYLE="width: 7%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 50%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">Signature</FONT></TD></TR>
</TABLE></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 45pt 0pt 3in; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(Signature
must conform to the holder specified on the Right Certificate)</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">Signature Guaranteed:</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in"><FONT STYLE="font-size: 10pt">Signatures
must be guaranteed by an eligible guarantor institution (bank, stock broker or savings and loan association with membership in
an approved signature medallion program).</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


<!-- Field: Page; Sequence: 49; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font-size: 10pt">-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->46<!-- Field: /Sequence -->-</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in"><FONT STYLE="font-size: 10pt">Form
of Reverse Side of Right Certificate -- continued</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in"><FONT STYLE="font-size: 10pt">----------------------------------------------------------------</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in"><FONT STYLE="font-size: 10pt">The
undersigned hereby certifies that the Rights evidenced by this Right Certificate are not Beneficially Owned by, were not acquired
by the undersigned from and are not being assigned to an Acquiring Person or an Affiliate or Associate thereof (as such terms
are defined in the Rights Agreement).</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in"></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3in; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 12pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="width: 8%"></TD>
    <TD STYLE="width: 25%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 17%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 50%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">Signature</FONT></TD></TR>
</TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3in; text-indent: 0.5in">&nbsp;&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">----------------------------------------------------------------</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

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

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in"><FONT STYLE="font-size: 10pt">The
signature in the foregoing Forms of Assignment and Election to Purchase must conform to the name as written upon the face of this
Right Certificate in every particular, without alteration or enlargement or any change whatsoever.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in"><FONT STYLE="font-size: 10pt">In
the event the certification set forth above in the Form of Assignment or the Form of Election to Purchase, as the case may be,
is not completed, such assignment or election to purchase will not be honored.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


<!-- Field: Page; Sequence: 50; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font-size: 10pt">-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->47<!-- Field: /Sequence -->-</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt"><B><U>EXHIBIT&nbsp;C</U></B></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt">UNDER CERTAIN
CIRCUMSTANCES, RIGHTS THAT ARE OR WERE ACQUIRED OR BENEFICIALLY OWNED BY AN ACQUIRING PERSON OR ANY ASSOCIATES OR AFFILIATES THEREOF
(AS SUCH TERMS ARE DEFINED IN THE RIGHTS AGREEMENT), OR ANY SUBSEQUENT HOLDER OF SUCH RIGHTS, MAY BECOME NULL AND VOID</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt">SUMMARY OF
RIGHTS TO PURCHASE</FONT></P>

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

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

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">On
February 24, 2018, the Board of Directors of HRG Group, Inc. (the &ldquo;<B>Company</B>&rdquo;) declared a dividend of one preferred
share purchase right (a &ldquo;<B>Right</B>&rdquo;) for each outstanding share of Common Stock, par value $0.01 per share (the
&ldquo;<B>Common Shares</B>&rdquo;), payable on March 8, 2018 (the &ldquo;<B>Record Date</B>&rdquo;) to the stockholders of record
on that date. Each Right entitles the registered holder to purchase from the Company one one-thousandth of a share of Series B
Preferred Stock, par value $0.01 per share (the &ldquo;<B>Preferred Shares</B>&rdquo;), of the Company, at a price of $71.55 per
one one-thousandth of a Preferred Share represented by a Right (the &ldquo;<B>Purchase Price</B>&rdquo;), subject to adjustment.
The description and terms of the Rights are set forth in a Rights Agreement (the &ldquo;<B>Rights Agreement</B>&rdquo;), dated
as of February 24, 2018, between the Company and American Stock Transfer &amp; Trust Company, LLC, a limited liability trust company,
as Rights Agent. Capitalized terms used but not defined in this summary have the meanings ascribed to such terms in the Rights
Agreement.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">The Rights
Agreement is intended to, among other things, discourage an &ldquo;ownership change&rdquo; within the meaning of Section 382 of
the Internal Revenue Code of 1986, as amended, and thereby preserve the current ability of the Company to utilize certain net
operating loss carryovers and other tax benefits of the Company and its subsidiaries.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Until the
earlier to occur of (i)&nbsp;10&nbsp;days following a public announcement that a Person or group of Affiliated or Associated Persons
(other than an Exempt Person) has acquired Beneficial Ownership of 4.9% or more of the outstanding Common Shares (an &ldquo;<B>Acquiring
Person</B>&rdquo;) (or, in the event an exchange is effected in accordance with Section 24 of the Rights Agreement and the Board
of Directors determines that a later date is advisable, then such later date) or (ii)&nbsp;10&nbsp;business days (or such later
date as may be determined by action of the Board of Directors prior to such time as any Person becomes an Acquiring Person) following
the commencement of a tender offer or exchange offer the consummation of which would result in the Beneficial Ownership by a Person
or group of 4.9% or more of the outstanding Common Shares (the earlier of such dates, the &ldquo;<B>Distribution Date</B>&rdquo;),
the Rights will be evidenced, with respect to any of the Common Share certificates outstanding as of the Record Date, by such
Common Share certificate with a copy of this Summary of Rights attached thereto (unless such Rights are recorded in book entry).</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">A
Person shall not be deemed to be an Acquiring Person if such Person is (i) the Company, (ii) any Subsidiary of the Company, (iii)
CF Turul LLC, Leucadia National</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt"></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt"><FONT STYLE="font-size: 10pt">Corporation,
or any of their respective Subsidiaries, (iv) any employee benefit plan of the Company or of any Subsidiary of the Company, (v)&nbsp;any
entity holding Common Shares for or pursuant to the terms of any such employee benefit plan or (vi)&nbsp;any Person who or which,
at the time of the first public announcement of this Agreement, is a Beneficial Owner of 4.9% or more of the Common Shares of
the Company then outstanding (a &ldquo;<B>Grandfathered Stockholder</B>&rdquo;); <I>provided</I>, <I>however</I>, that if a Grandfathered
Stockholder becomes, after the date of the Rights Agreement, the Beneficial Owner of any additional Common Shares then such Grandfathered
Stockholder shall no longer be deemed to be a Grandfathered Stockholder unless, upon such acquisition of Beneficial Ownership
of additional Common Shares, such Person is not the Beneficial Owner of 4.9% or more of the Common Shares then outstanding; <I>provided</I>,
<I>further</I>, that upon the first decrease of a Grandfathered Stockholder&rsquo;s Beneficial Ownership below 4.9%, such Grandfathered
Stockholder shall no longer be deemed to be a Grandfathered Stockholder. For the avoidance of doubt, in the event that after the
time of the first public announcement of the Rights Agreement, any agreement, arrangement or understanding pursuant to which any
Grandfathered Stockholder is deemed to be the Beneficial Owner of Common Shares expires, terminates or no longer confers any benefit
to or imposes any obligation on the Grandfathered Stockholder, any direct or indirect replacement, extension or substitution of
such agreement, arrangement or understanding with respect to the same or different Common Shares that confers Beneficial Ownership
of Common Shares shall be considered the acquisition of Beneficial Ownership of additional Common Shares by the Grandfathered
Stockholder and render such Grandfathered Stockholder an Acquiring Person for purposes of the Rights Agreement unless, upon such
acquisition of Beneficial Ownership of additional Common Shares, such Person is not the Beneficial Owner of 4.9% or more of the
Common Shares then outstanding.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">In
general, &ldquo;<B>Beneficial Ownership</B>&rdquo; shall include any securities such Person or any of such Person&rsquo;s Affiliates
or Associates (a) would be deemed to actually or constructively own for purposes of Section 382 of the Code or the Treasury Regulations
promulgated thereunder, including any coordinated acquisition of securities by any Persons who have a formal or informal understanding
with respect to such acquisition (to the extent ownership of such securities would be attributed to such Persons under Section
382 of the Code and the Treasury Regulations promulgated thereunder), (b) beneficially owns, directly or indirectly, within the
meaning of Rules 13d-3 or 13d-5 promulgated under the Securities Exchange Act of 1934, as amended (the &ldquo;<B>Exchange Act</B>&rdquo;),
(c) has the right to acquire or vote pursuant to any agreement, arrangement or understanding (except under limited circumstances),
(d) which are directly or indirectly beneficially owned by any other Person with which such Person has any agreement, arrangement
or understanding for the purpose of acquiring, holding or voting such securities, or obtaining, changing or influencing control
of the Company or (e) in respect of which such Person has a derivative position.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">The
Rights Agreement provides that, until the Distribution Date, the Rights will be transferred with and only with the Common Shares.
Until the Distribution Date (or earlier redemption or expiration of the Rights), new Common Share certificates issued after the
Record Date or upon transfer or new issuance of Common Shares will contain a notation incorporating the Rights Agreement by reference.
Until the Distribution Date (or earlier redemption or expiration of the Rights), the surrender for transfer of any certificates
for Common Shares outstanding as of the Record Date, even without such notation or a copy of this Summary of Rights being attached
thereto, will also constitute the transfer of the Rights associated with the</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt"></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt"><FONT STYLE="font-size: 10pt">Common
Shares represented by such certificate. As soon as practicable following the Distribution Date, separate certificates evidencing
the Rights (&ldquo;<B>Right Certificates</B>&rdquo;) will be mailed to holders of record of the Common Shares as of the Close
of Business on the Distribution Date, and such separate Right Certificates alone will evidence the Rights (unless such Rights
are recorded in book entry).</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">The
Rights are not exercisable until the Distribution Date. The Rights will expire on the earlier of (i) the Close of Business on
the one-year anniversary date of the date of this Agreement and (ii) the Close of Business on the date which is 60 days following
the termination of that certain Agreement and Plan of Merger dated as of the date hereof, by and among the Company, Spectrum Brands
Holdings, Inc., HRG SPV Sub I, Inc. and HRG SPV Sub II, LLC, in accordance with its terms (the &ldquo;<B>Final Expiration Date</B>&rdquo;).</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">The
Purchase Price payable, and the number of Preferred Shares or other securities or property issuable, upon exercise of the Rights
is subject to adjustment from time to time to prevent dilution (i)&nbsp;in the event of a stock dividend on, or a subdivision,
combination or reclassification of, the Preferred Shares; (ii)&nbsp;upon the grant to holders of the Preferred Shares of certain
rights or warrants to subscribe for or purchase Preferred Shares at a price, or securities convertible into Preferred Shares with
a conversion price, less than the then current market price of the Preferred Shares; or (iii)&nbsp;upon the distribution to holders
of the Preferred Shares of evidences of indebtedness or assets (excluding regular periodic cash dividends paid out of earnings
or retained earnings or dividends payable in Preferred Shares) or of subscription rights or warrants (other than those referred
to above).</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">The
number of outstanding Rights and the number of Preferred Shares issuable upon exercise of each Right are also subject to adjustment
in the event of a stock split of the Common Shares or a stock dividend on the Common Shares payable in Common Shares or subdivisions,
consolidations or combinations of the Common Shares occurring, in any such case, prior to the Distribution Date.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Preferred
Shares purchasable upon exercise of the Rights will not be redeemable. Each Preferred Share will be entitled to a quarterly dividend
payment of 1,000 multiplied by the dividend declared per Common Share. In the event of liquidation, the holders of the Preferred
Shares will be entitled to a payment per share equal to 1,000&nbsp;multiplied by the aggregate payment made per Common Share.
Each Preferred Share will have 1,000&nbsp;votes, voting together with the Common Shares. In the event of any merger, consolidation
or other transaction in which Common Shares are exchanged, each Preferred Share will be entitled to receive 1,000 multiplied by
the amount received per Common Share.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Because
of the nature of the dividend, liquidation and voting rights of the Preferred Shares, the value of the one one-thousandth of a
Preferred Share purchasable upon exercise of each Right should approximate the value of one Common Share.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">From
and after the time any Person becomes an Acquiring Person, if the Rights evidenced by this Right Certificate are or were acquired
or Beneficially Owned by an Acquiring Person or an Associate or Affiliate of an Acquiring Person (as such terms are defined in
the</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt"></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt"><FONT STYLE="font-size: 10pt">Rights
Agreement), such Rights shall become void, and any holder of such Rights shall thereafter have no right to exercise such Rights.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">If
any Person becomes an Acquiring Person, proper provision shall be made so that each holder of a Right, other than Rights Beneficially
Owned by the Acquiring Person and its Affiliates and Associates (all of which will thereafter be void), will thereafter have the
right to receive upon exercise such number of Common Shares of the Company as shall equal the result obtained by dividing the
then current Purchase Price by 50% of the then Current Per Share Market Price of the Company&rsquo;s Common Shares. If the Board
of Directors so elects, the Company shall deliver upon payment of the Purchase Price of a Right an amount of cash or securities
equivalent in value to the Common Shares issuable upon exercise of a Right.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">If,
at any time after a Person becomes an Acquiring Person, the Company is acquired in a merger or other business combination transaction
or 50% or more of its consolidated assets or Earning Power (as defined in the Rights Agreement) are sold, proper provision will
be made so that each holder of a Right will thereafter have the right to receive, upon the exercise thereof at the then current
Purchase Price of the Right, that number of shares of common stock of the acquiring company equal to the result obtained by dividing
the then current Purchase Price by 50% of the then Current Per Share Market Price of the Common Shares of the Acquiring Person.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">At
any time after any Person becomes an Acquiring Person and prior to the acquisition by any Person or group of a majority of the
outstanding Common Shares, the Board of Directors may exchange the Rights (other than Rights owned by such Person or group which
have become void), in whole or in part, at an exchange ratio of one Common Share per Right (subject to adjustment). The shares
and other securities transferred as part of the exchange may be transferred to a trust created upon such terms as the Board of
Directors of the Company may determine.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">With
certain exceptions, no adjustment in the Purchase Price will be required until cumulative adjustments require an adjustment of
at least 1% in such Purchase Price. No fractional Preferred Shares will be issued (other than fractions which are integral multiples
of one one-thousandth of a Preferred Share, which may, at the election of the Company, be evidenced by depositary receipts), and
in lieu thereof, an adjustment in cash will be made based on the market price of the Preferred Shares on the last trading day
prior to the date of exercise.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">At any time
prior to the time any Person becomes an Acquiring Person, the Board of Directors may redeem the Rights in whole, but not in part,
at a price of $0.00001 per Right (the &ldquo;<B>Redemption Price</B>&rdquo;). The redemption of the Rights may be made effective
at such time, on such basis and with such conditions as the Board of Directors in its sole discretion may establish. Immediately
upon any redemption of the Rights, the right to exercise the Rights will terminate and the only right of the holders of Rights
will be to receive the Redemption Price.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">The
terms of the Rights may be amended by the Board of Directors without the consent of the holders of the Rights. However, from and
after such time as any Person becomes an Acquiring Person, the Rights Agreement shall not be amended or supplemented in any manner
which would adversely affect the interests of the holders of Rights (other than an Acquiring Person and its Affiliates and Associates).</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"></FONT></P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Until
a Right is exercised, the holder thereof, as such, will have no rights as a stockholder of the Company, including the right to
vote or to receive dividends.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">A
copy of the Rights Agreement has been filed with the Securities and Exchange Commission as an Exhibit to a Registration Statement
on Form&nbsp;8-A. A copy of the Rights Agreement is available free of charge from the Company. This summary description of the
Rights does not purport to be complete and is qualified in its entirety by reference to the Rights Agreement, which is hereby
incorporated herein by reference.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>



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

<P STYLE="margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

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<P STYLE="margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>5
<FILENAME>dp87180_ex1001.htm
<DESCRIPTION>EXHIBIT 10.1
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

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

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt"><B>Exhibit
10.1</B></FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt"><B><U>Execution
Version</U></B></FONT></P>

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



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

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

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

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">AGREEMENT
(this &ldquo;<B>Agreement</B>&rdquo;), dated as of February 24, 2018 between Spectrum Brands Holdings, Inc., a Delaware corporation
(the &ldquo;<B>Company</B>&rdquo;), and HRG Group, Inc., a Delaware corporation (&ldquo;<B>Stockholder</B>&rdquo;).</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">WHEREAS,
in order to induce the Company to enter into an Agreement and Plan of Merger, dated as of the date hereof (the &ldquo;<B>Merger
Agreemen</B>t&rdquo;), by and among the Company, Stockholder, HRG SPV Sub I, Inc., a Delaware corporation, and HRG SPV Sub II,
LLC, a Delaware limited liability company, Stockholder has agreed to enter into this Agreement with respect to all shares of common
stock, par value $0.01 per share, of the Company that Stockholder beneficially owns (the &ldquo;<B>Shares</B>&rdquo;).</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">NOW, THEREFORE,
the parties hereto agree as follows:</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: small-caps 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><FONT STYLE="font-size: 10pt; font-variant: normal; text-transform: uppercase">Article
1</FONT><FONT STYLE="font-size: 10pt"><BR>
Voting</FONT></P>

<P STYLE="font: small-caps 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section 1.01<I>.
Voting</I>. Stockholder hereby agrees to vote or exercise its right to consent with respect to all Shares that Stockholder is
entitled to vote at the time of any vote or action by written consent to approve and adopt the Merger Agreement, the Merger and
all agreements related to the Merger and any actions related thereto at any meeting of the stockholders of the Company (including
any proposal to adjourn or postpone such meeting of the stockholders of the Company to a later date), and at any adjournment or
postponement thereof, at which such Merger Agreement and other related agreements, or such other actions related thereto, are
submitted for the consideration and vote of the stockholders of the Company. Stockholder hereby agrees that it will not vote any
Shares in favor of, or consent to, and will vote against and not consent to, the approval of any (i) Acquisition Proposal, (ii)
reorganization, recapitalization, liquidation or winding-up of the Company or any other extraordinary transaction involving the
Company, (iii) action, proposal, transaction or agreement that would reasonably be expected to result in a breach in any respect
of any covenant, representation or warranty or any other obligation or agreement of the Company contained in the Merger Agreement
or Stockholder contained in this Agreement or (iv) action, proposal, transaction or agreement, the consummation of which would
frustrate the purposes, or prevent, delay or otherwise adversely affect the consummation of the transactions contemplated by the
Merger Agreement.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section 1.02.
<I>Shares</I>. Stockholder hereby agrees that it will not sell any of its Shares or become the beneficial owner of any additional
shares of the Company prior to the consummation of the Merger.</FONT></P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: small-caps 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><FONT STYLE="font-size: 10pt; font-variant: normal; text-transform: uppercase">Article
2</FONT><FONT STYLE="font-size: 10pt"><BR>
Representations and Warranties</FONT></P>

<P STYLE="font: small-caps 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Stockholder
represents and warrants to the Company in Sections 2.01 through 2.05 that:</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section 2.01<I>.
Authorization</I>. Stockholder is a corporation duly organized, validly existing and in good standing under the Laws of the State
of Delaware. The execution, delivery and performance by Stockholder of this Agreement and the consummation by Stockholder of the
transactions contemplated hereby are within the powers of Stockholder and have been duly authorized by all necessary action. This
Agreement has been duly and validly executed and delivered by Stockholder and assuming due execution and delivery by the Company,
this Agreement constitutes a valid and binding Agreement of Stockholder enforceable against it in accordance with its terms.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section 2.02<I>.
Non-Contravention</I>. The execution, delivery and performance by Stockholder of this agreement and the consummation of the transactions
contemplated hereby do not and will not (i) violate the certificate of incorporation or bylaws of Stockholder, (ii) violate any
applicable law, rule, regulation, judgment, injunction, order or decree, (iii) require any consent or other action by any Person
under, constitute a default under, or give rise to any right of termination, cancellation or acceleration or to a loss of any
benefit to which Stockholder is entitled under any provision of any agreement or other instrument binding on Stockholder or (iv)
result in the imposition of any Lien (other than pursuant to this Agreement) on any asset of Stockholder (including the Shares),
except in the case of each of clauses (i) through (iv) as would not, individually or in the aggregate, reasonably be expected
to prevent, delay or otherwise adversely affect the performance by Stockholder of its obligations hereunder or prevent, delay
or otherwise adversely affect the consummation of the transactions contemplated by this Agreement. For the avoidance of doubt,
Stockholder makes no representation or warranty pursuant to this Section 2.02 with respect to the consummation of the Merger or
any consequences thereof.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section 2.03<I>.
Ownership of Shares</I>. Stockholder is the beneficial owner of the Shares, free and clear of any Lien and any other limitation
or restriction (including any restriction on the right to vote or otherwise dispose of the Shares), other than&nbsp;transfer restrictions
of general applicability as may be provided under the Securities Act or &ldquo;blue sky&rdquo; laws of the various states of the
United States. None of the Shares is subject to any voting trust or other agreement or arrangement with respect to the voting
of such Shares. Except pursuant to this Agreement and the Merger Agreement, Stockholder has not entered into any contract granting
another Person any contractual right or obligation to purchase or otherwise acquire any of the Shares. As of the date hereof,
no proxies have been given by Stockholder in respect of any or all of the Shares other than proxies which have been validly revoked
prior to the date hereof.</FONT></P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;Section
2.04<I>. Total Shares</I>. As of the date hereof, Stockholder beneficially owns the Shares set forth on the signature page hereto.
Except for the Shares set forth on the signature page hereto, Stockholder does not beneficially own any (i) shares of capital
stock or voting securities of the Company, (ii) securities of the Company convertible into or exchangeable or exercisable for
shares of capital stock or voting securities or other equity interests of the Company or (iii) options or other rights to acquire
from the Company any shares of capital stock or voting securities or other equity interests of the Company or securities convertible
into or exchangeable or exercisable for shares of capital stock or voting securities or other equity interests of the Company.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section 2.05<I>.
Finder&rsquo;s Fees</I>. Except as provided in the Merger Agreement, no investment banker, broker, finder or other intermediary
is entitled to a fee or commission from the Company in respect of this Agreement based upon any arrangement or agreement made
by or on behalf of Stockholder.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section 2.06<I>.
Representations and Warranties of the Company</I>. The Company is a corporation duly organized, validly existing and in good standing
under the Laws of the State of Delaware. The Company represents and warrants to Stockholder that: (a)&nbsp;the execution, delivery
and performance by the Company of this Agreement and the consummation by the Company of the transactions contemplated hereby are
within the corporate powers of the Company and have been duly authorized by all necessary corporate action and (b) this Agreement
has been duly and validly executed and delivered by the Company and assuming due execution and delivery by Stockholder, this Agreement
constitutes a valid and binding Agreement of the Company enforceable against it in accordance with its terms.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: small-caps 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><FONT STYLE="font-size: 10pt; font-variant: normal; text-transform: uppercase">Article
3</FONT><FONT STYLE="font-size: 10pt"><BR>
Covenants of Stockholder</FONT></P>

<P STYLE="font: small-caps 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Stockholder
hereby covenants and agrees that:</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section 3.01
<I>No Proxies for or Encumbrances on or Transfer of Shares</I>. Stockholder shall not, without the prior written consent of the
Company, directly or indirectly, (i) grant any proxies or enter into any voting trust or other agreement or arrangement with respect
to the voting of any Shares or (ii) sell, assign, transfer, encumber or otherwise dispose of, directly or indirectly, or enter
into any contract, option or other arrangement or understanding with respect to the direct or indirect sale, assignment, transfer,
encumbrance or other disposition of (collectively, &ldquo;<B>Transfer</B>&rdquo;), any Shares during the term of this Agreement;
provided that, (x) Stockholder may Transfer Shares to an Affiliate of Stockholder so long as such Affiliate delivers to the Company
prior to such Transfer a written undertaking, in a form reasonably satisfactory to the Company, that it will be bound by the terms
of this Agreement and (y) the foregoing shall not apply to any </FONT></P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">pledge of the Shares under Stockholder&rsquo;s existing margin
loan agreement (as may be extended or replaced to the extent permitted under the Merger Agreement).</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section 3.02
<I>Non-Solicitation</I>.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.65in"><FONT STYLE="font-size: 10pt">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Stockholder shall not, shall cause each of its Subsidiaries not to, and shall not authorize or permit any of its Representatives
to, directly or indirectly, (i)&nbsp;solicit, initiate or knowingly encourage, induce or facilitate any Acquisition Proposal or
any inquiry, proposal or offer that may reasonably be expected to lead to an Acquisition Proposal, (ii)&nbsp;furnish any nonpublic
information regarding the Company or afford access to the Company&rsquo;s business, properties, assets, books or records to, or
otherwise knowingly cooperate in any way with, any Third Party that is reasonably expected to make, or is otherwise seeking to
make, or has made, an Acquisition Proposal, or (iii)&nbsp;participate in any discussions or negotiations with any Third Party
that is reasonably expected to make, or has made, an Acquisition Proposal, regarding an Acquisition Proposal; <U>provided</U>
that, notwithstanding anything to the contrary in this Agreement, any such Person may (A) seek to clarify the terms and conditions
of any inquiry, proposal or offer to determine whether such inquiry, proposal or offer may reasonably be expected to lead to a
Superior Proposal (it being understood that any such communications with any such Third Party shall be limited to the clarification
of the original inquiry or proposal made by such Third Party and shall not include (x) any negotiations or similar discussions
with respect to such inquiry, proposal or offer or (y) such Person&rsquo;s view or position with respect thereto) and (B) inform
any Person that makes an Acquisition Proposal of the restrictions imposed by the provisions of this Section 3.02. Stockholder
shall promptly (but in any event within one (1) Business Day) advise the Company of any Acquisition Proposal received by Stockholder,
the material terms and conditions of any such Acquisition Proposal (including any material changes thereto) and the identity of
the Person making any such Acquisition Proposal. Without limiting the foregoing, it is agreed that, if any Representative of Stockholder
or any of its Subsidiaries takes any action that would constitute a breach of this Section 3.02 if it were authorized or permitted
by Stockholder, such action shall constitute a breach of this Section 3.02 by Stockholder, whether or not such action shall have
been authorized or permitted by Stockholder or any of its Subsidiaries, unless such Representative has agreed (in any capacity)
in a writing enforceable by such party not to take any such action. Notwithstanding the restrictions set forth above in this Section
3.02(a), in the event that Stockholder receives, after the date of this Agreement and prior to obtaining the Saturn Stockholder
Approval, a bona fide written Acquisition Proposal that did not result from any breach of this Section 3.02 and that the board
of directors of the Company determines in good faith (after consultation with outside counsel and a financial advisor of nationally
recognized reputation) to be, or to be reasonably expected to lead to, a Superior Proposal, Stockholder may (1) engage in negotiations
with, furnish any information with respect to the Company and its Subsidiaries to, and afford access to the business, properties,
assets, books or records of the Company and its Subsidiaries to, the Person or </FONT></P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">group (and their respective Representatives) making
such Acquisition Proposal; <U>provided</U>, that prior to furnishing any such information, Stockholder (x) receives from such
Person or group an executed confidentiality agreement containing terms and restrictions that are customary for confidentiality
agreements executed in similar circumstances and (y) provides prior written notice to the Company; <U>provided</U>, further, that
all such information is provided or made available to the Company (to the extent not previously provided or made available) substantially
concurrently with it being provided or made available to such Third Party.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.65in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.65in"><FONT STYLE="font-size: 10pt">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Notwithstanding anything herein to the contrary, Section 3.02(a) shall not prohibit or limit Stockholder from taking any
action (or inaction) that would not constitute a breach by Stockholder pursuant to Section 5.3 of the Merger Agreement.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.65in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.65in"><FONT STYLE="font-size: 10pt">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Stockholder agrees that, without the prior written consent of the Company, neither it nor any of its Affiliates shall purchase,
directly or indirectly, any shares of Saturn Common Stock or securities of the Company convertible into or exchangeable or exercisable
for shares of Saturn Common Stock.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.65in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section
3.03 <I>Waiver of Certain Actions.</I> Stockholder hereby agrees not to commence or participate in, and to take all reasonable
actions to opt out of any class in any class action with respect to, any Action, derivative or otherwise, against the Company
or any of its Affiliates, Subsidiaries or successors (a) challenging the validity of, or seeking to enjoin or delay the operation
of, any provision of this Agreement or the Merger Agreement (including any claim seeking to enjoin or delay the Closing) or (b)
to the fullest extent permitted under Law, alleging a breach of any duty of the board of directors of the Company in connection
with the Merger Agreement, this Agreement or the transactions contemplated thereby or hereby. Notwithstanding the foregoing, this
<U>Section 3.03</U> shall not apply to limit in any respect the right or ability of a party hereto to enforce the provisions of
this Agreement or the Merger Agreement.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: small-caps 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><FONT STYLE="font-size: 10pt; font-variant: normal; text-transform: uppercase">Article
4</FONT><FONT STYLE="font-size: 10pt"><BR>
Miscellaneous</FONT></P>

<P STYLE="font: small-caps 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section
4.01<I>. Other Definitional and Interpretative Provisions.</I> Unless specified otherwise, in this Agreement the obligations of
any party consisting of more than one Person are joint and several. The words &ldquo;hereof&rdquo;, &ldquo;herein&rdquo; and &ldquo;hereunder&rdquo;
and words of like import used in this Agreement shall refer to this Agreement as a whole and not to any particular provision of
this Agreement. The captions herein are included for convenience of reference only and shall be ignored in the construction or
interpretation hereof. References to Sections are to Sections of this Agreement unless otherwise specified. Any singular term
in this Agreement shall be deemed to include the plural, and any plural term the singular. Whenever the words &ldquo;include&rdquo;,
&ldquo;includes&rdquo; or &ldquo;including&rdquo; are used in this Agreement, they shall be deemed to be followed by the words
&ldquo;without</FONT></P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt"> limitation&rdquo;, whether or not they are in fact followed by those words or words of like import. &ldquo;Writing&rdquo;,
&ldquo;written&rdquo; and comparable terms refer to printing, typing and other means of reproducing words (including electronic
media) in a visible form. References to any agreement or contract are to that agreement or contract as amended, modified or supplemented
from time to time in accordance with the terms hereof and thereof. References to any Person include the successors and permitted
assigns of that Person. References from or through any date mean, unless otherwise specified, from and including or through and
including, respectively. &ldquo;Acquisition Proposal&rdquo; and &ldquo;Superior Proposal&rdquo; as used in this Agreement shall
mean an Acquisition Proposal in respect of the Company.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section
4.02<I>. Further Assurances</I>. The Company and Stockholder will each execute and deliver, or cause to be executed and delivered,
all further documents and instruments and use its reasonable best efforts to take, or cause to be taken, all actions and to do,
or cause to be done, all things necessary, proper or advisable under applicable laws and regulations, to consummate and make effective
the transactions contemplated by this Agreement.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section
4.03<I>. Amendments; Termination</I>. Any provision of this Agreement may be amended or waived if, but only if, such amendment
or waiver is in writing and is signed, in the case of an amendment, by each party to this Agreement or, in the case of a waiver,
by the party against whom the waiver is to be effective. This Agreement and all obligations of the parties hereunder shall automatically
terminate upon the earliest to occur of (a) the mutual written consent of the parties hereto, (b) the Effective Time and (c) the
termination of the Merger Agreement in accordance with its terms.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section 4.04<I>.
Expenses</I>. All costs and expenses incurred in connection with this Agreement shall be paid by the party incurring such cost
or expense.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section 4.05<I>.
Successors and Assigns; No Third-Party Rights</I>. The provisions of this Agreement shall be binding upon and inure to the benefit
of the parties hereto and their respective successors and assigns; <I>provided</I> that no party may assign, delegate or otherwise
transfer any of its rights or obligations under this Agreement without the consent of the other parties hereto. Nothing in this
Agreement is intended to confer on any Person (other than the parties hereto and their respective successors and assigns) any
rights or remedies of any nature.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section 4.06<I>.
Governing Law</I>. This Agreement and any claim, controversy or dispute arising under or related thereto, the relationship of
the parties hereto, and/or the interpretation and enforcement of the rights and duties of the parties hereto, whether arising
at law or in equity, in contract, tort or otherwise, will be governed by, and construed and interpreted in accordance with, the
laws of the State of Delaware, without regard to its rules regarding conflicts of law to the extent that the application of the
laws of another jurisdiction would be required thereby.</FONT></P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section 4.07<I>.
Counterparts; Effectiveness</I>. This Agreement may be signed in any number of counterparts, each of which shall be an original,
with the same effect as if the signatures thereto and hereto were upon the same instrument. This Agreement shall become effective
when each party hereto shall have received counterparts hereof signed by all of the other parties hereto. Until and unless each
party has received a counterpart hereof signed by the other party hereto, this Agreement shall have no effect and no party shall
have any right or obligation hereunder (whether by virtue of any other oral or written agreement or other communication).</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section 4.08<I>.
Severability</I>. If any term, provision or covenant of this Agreement is held by a court of competent jurisdiction or other authority
to be invalid, void or unenforceable, the remainder of the terms, provisions and covenants of this Agreement shall remain in full
force and effect and shall in no way be affected, impaired or invalidated.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section 4.09<I>.
Specific Performance</I>. The parties hereto agree that irreparable damage would occur in the event any provision of this Agreement
is not performed in accordance with the terms hereof and that the parties shall be entitled to specific performance of the terms
hereof in addition to any other remedy to which they are entitled at law or in equity.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section 4.10<I>.
Capitalized Terms</I>. Capitalized terms used but not defined herein shall have the respective meanings set forth in the Merger
Agreement.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">IN WITNESS WHEREOF, the parties
hereto have caused this Agreement to be duly executed as of the day and year first above written.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="padding-left: 0.25in; text-indent: -0.25in"><FONT STYLE="font-size: 10pt">SPECTRUM BRANDS HOLDINGS,
    INC.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="padding-left: 0.25in; text-indent: -0.25in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="padding-left: 0.25in; text-indent: -0.25in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt">/s/ Nathan Fagre&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 60%">&nbsp;</TD>
    <TD STYLE="width: 4%; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 4%"><FONT STYLE="font-size: 10pt">Name:</FONT></TD>
    <TD STYLE="width: 32%"><FONT STYLE="font-size: 10pt">Nathan Fagre</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Title:</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Senior Vice President, General Counsel and Secretary</FONT></TD></TR>
</TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">IN WITNESS WHEREOF, the parties
hereto have caused this Agreement to be duly executed as of the day and year first above written.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="padding-left: 0.25in; text-indent: -0.25in"><FONT STYLE="font-size: 10pt">HRG GROUP, INC.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="padding-left: 0.25in; text-indent: -0.25in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="padding-left: 0.25in; text-indent: -0.25in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt">/s/ Ehsan Zargar&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 60%">&nbsp;</TD>
    <TD STYLE="width: 4%; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 4%"><FONT STYLE="font-size: 10pt">Name:</FONT></TD>
    <TD STYLE="width: 32%"><FONT STYLE="font-size: 10pt">Ehsan Zargar</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Title:</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Executive Vice President, General Counsel, Chief Operating Officer and Corporate Secretary</FONT></TD></TR>
</TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 18%; padding-right: 5pt"><P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; border-bottom: Black 0.5pt solid"><FONT STYLE="font-size: 10pt">Class
of Stock</FONT></P></TD>
    <TD STYLE="width: 17%; padding-right: 5pt"><P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; border-bottom: Black 0.5pt solid"><FONT STYLE="font-size: 10pt">Shares
Owned</FONT></P></TD>
    <TD STYLE="width: 40%; padding-right: 5pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 25%; padding-right: 5pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">Common</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">34,339,752</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
</TABLE>


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<P STYLE="margin: 0">&nbsp;</P>

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

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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>6
<FILENAME>dp87180_ex1002.htm
<DESCRIPTION>EXHIBIT 10.2
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

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

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

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

<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt"><B><U>Execution
Version</U></B></FONT></P>

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

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

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">AGREEMENT
(this &ldquo;<B>Agreement</B>&rdquo;), dated as of February 24, 2018, between HRG Group, Inc., a Delaware corporation (the &ldquo;<B>Company</B>&rdquo;),
and CF Turul LLC, a Delaware limited liability company (&ldquo;<B>Stockholder</B>&rdquo;).</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">WHEREAS,
in order to induce the Company and Spectrum Brands Holdings, Inc., a Delaware corporation (&ldquo;<B>Spectrum</B>&rdquo;) to enter
into an Agreement and Plan of Merger, dated as of the date hereof (the &ldquo;<B>Merger Agreemen</B>t&rdquo;) by and among the
Company, Spectrum, HRG SPV Sub I, Inc., a Delaware corporation, and HRG SPV Sub II, LLC, a Delaware limited liability company,
Stockholder has agreed to enter into this Agreement with respect to all shares of common stock, par value $0.01 per share, of
the Company that Stockholder beneficially owns (the &ldquo;<B>Shares</B>&rdquo;) and that certain share of Series A Participating
Convertible Preferred Stock of the Company that the Stockholder beneficially owns (the &ldquo;<B>Preferred Share</B>&rdquo;).</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">NOW, THEREFORE,
the parties hereto agree as follows:</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: small-caps 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><FONT STYLE="font-size: 10pt; font-variant: normal; text-transform: uppercase">Article
1</FONT><FONT STYLE="font-size: 10pt"><BR>
Voting</FONT></P>

<P STYLE="font: small-caps 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section 1.01<I>.
Voting</I>. Stockholder hereby agrees to vote or exercise its right to consent with respect to the Preferred Share and all Shares
that Stockholder is entitled to vote at the time of any vote or action by written consent to approve the Charter Amendment (as
the components thereof may be combined or separately required to be proposed or presented) and the Share Issuance and any actions
related thereto at any meeting of the stockholders of the Company (including any proposal to adjourn or postpone such meeting
of the stockholders of the Company to a later date), and at any adjournment or postponement thereof, at which any component of
the Charter Amendment or the Share Issuance, or such other actions related thereto, are submitted for the consideration and vote
of the stockholders of the Company. Stockholder hereby agrees that it will not vote any Shares or the Preferred Share in favor
of, or consent to, and will vote against and not consent to, the approval of any (i) Acquisition Proposal, (ii) reorganization,
recapitalization, liquidation or winding-up of the Company or any other extraordinary transaction involving the Company, (iii)
action, proposal, transaction or agreement that would reasonably be expected to result in a breach in any respect of any covenant,
representation or warranty or any other obligation or agreement of the Company contained in the Merger Agreement or Stockholder
contained in this Agreement or (iv) action, proposal, transaction or agreement, the consummation of which would frustrate the
purposes, or prevent, delay or otherwise adversely affect the consummation, of the Merger, the Charter Amendment, the Share Issuance
or any of the other transactions contemplated by the Merger Agreement. Notwithstanding anything herein to the contrary, this Section
1.01 shall not require Stockholder to vote or consent (or cause to be voted or consented) any Shares or the Preferred Share to
amend the Merger Agreement</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: left"><FONT STYLE="font-size: 10pt">or
take any action that could result in the amendment or modification, or a waiver of a provision therein in any such case, in a
manner that (i) reduces the Halley Share Consolidation Ratio or increases the Merger Consideration to be paid to the stockholders
of Spectrum in the Merger, (ii) adversely affects the tax consequences to Stockholder with respect to the consideration to be
received in the Merger, (iii) alters or changes the form of the Charter Amendment attached as Exhibit A to the Merger Agreement
or the obligation for the Company to adopt the Charter Amendment, in each case in a manner materially adverse to Stockholder or
(iv) extends the Outside Date or imposes any additional conditions or obligations that would reasonably be expected to delay the
consummation of the Merger beyond the Outside Date (each, an &ldquo;<B>Adverse Amendment</B>&rdquo;).</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: small-caps 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><FONT STYLE="font-size: 10pt; font-variant: normal; text-transform: uppercase">Article
2</FONT><FONT STYLE="font-size: 10pt"><BR>
Representations and Warranties</FONT></P>

<P STYLE="font: small-caps 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Stockholder
represents and warrants to the Company in Sections 2.01 through 2.05 that:</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section 2.01<I>.
Authorization</I>. Stockholder is a limited liability company duly organized, validly existing and in good standing under the
Laws of the State of Delaware. The execution, delivery and performance by Stockholder of this Agreement and the consummation by
Stockholder of the transactions contemplated hereby are within the powers of Stockholder and have been duly authorized by all
necessary action. This Agreement has been duly and validly executed and delivered by Stockholder and assuming due execution and
delivery by the Company, this Agreement constitutes a valid and binding Agreement of Stockholder enforceable against it in accordance
with its terms.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section 2.02<I>.
Non-Contravention</I>. The execution, delivery and performance by Stockholder of this agreement and the consummation of the transactions
contemplated hereby do not and will not (i) violate the certificate of formation or operating agreement of Stockholder, (ii) violate
any applicable law, rule, regulation, judgment, injunction, order or decree, (iii) require any consent or other action by any
Person under, constitute a default under, or give rise to any right of termination, cancellation or acceleration or to a loss
of any benefit to which Stockholder is entitled under any provision of any agreement or other instrument binding on Stockholder
or (iv) result in the imposition of any Lien (other than pursuant to this Agreement) on any asset of Stockholder (including the
Shares or the Preferred Share), except in the case of each of clauses (i) through (iv) as would not, individually or in the aggregate,
reasonably be expected to prevent, delay or otherwise adversely affect the performance by Stockholder of its obligations hereunder
or prevent, delay or otherwise adversely affect the consummation of the transactions contemplated by this Agreement. For the avoidance
of doubt, Stockholder makes no representation or warranty pursuant to this Section 2.02 with respect to the consummation of the
Merger or any consequences thereof.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section 2.03<I>.
Ownership of Shares and the Preferred Share</I>. Stockholder is the beneficial owner of the Shares and the Preferred Share, free
and clear of any Lien and any other limitation or restriction (including any restriction on the right to vote or otherwise dispose
of the Shares or the Preferred Share), other than (a)&nbsp;pursuant to that certain Securities Purchase Agreement, dated as of
May 12, 2011, and (b)&nbsp;transfer restrictions of general applicability as may be provided under the Securities Act or &ldquo;blue
sky&rdquo; laws of the various states of the United States. None of the Shares or the Preferred Share is subject to any voting
trust or other agreement or arrangement with respect to the voting of such Shares or the Preferred Share, respectively. Except
pursuant to this Agreement, Stockholder has not entered into any contract granting another Person any contractual right or obligation
to purchase or otherwise acquire any of the Shares or the Preferred Share. As of the date hereof, no proxies have been given by
Stockholder in respect of any or all of the Shares or the Preferred Share other than proxies which have been validly revoked prior
to the date hereof.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section 2.04<I>.
Total Shares</I>. As of the date hereof, Stockholder beneficially owns the Shares and the Preferred Share set forth on the signature
page hereto. Except for the Shares and the Preferred Share set forth on the signature page hereto, Stockholder does not beneficially
own any (i) shares of capital stock or voting securities of the Company, (ii) securities of the Company convertible into or exchangeable
or exercisable for shares of capital stock or voting securities or other equity interests of the Company or (iii) options or other
rights to acquire from the Company any shares of capital stock or voting securities or other equity interests of the Company or
securities convertible into or exchangeable or exercisable for shares of capital stock or voting securities or other equity interests
of the Company.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section 2.05<I>.
Finder&rsquo;s Fees</I>. Except as provided in the Merger Agreement, no investment banker, broker, finder or other intermediary
is entitled to a fee or commission from the Company in respect of this Agreement based upon any arrangement or agreement made
by or on behalf of Stockholder.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section 2.06<I>.
Representations and Warranties of the Company</I>. The Company is a corporation duly organized, validly existing and in good standing
under the Laws of the State of Delaware. The Company represents and warrants to Stockholder that: (a)&nbsp;the execution, delivery
and performance by the Company of this Agreement and the consummation by the Company of the transactions contemplated hereby are
within the corporate powers of the Company and have been duly authorized by all necessary corporate action and (b) this Agreement
has been duly and validly executed and delivered by the Company and assuming due execution and delivery by Stockholder, this Agreement
constitutes a valid and binding Agreement of the Company enforceable against it in accordance with its terms.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>




<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"></P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: small-caps 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><FONT STYLE="font-size: 10pt; font-variant: normal; text-transform: uppercase">Article
3</FONT><FONT STYLE="font-size: 10pt"><BR>
Covenants of Stockholder and the Company</FONT></P>

<P STYLE="font: small-caps 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Stockholder
and the Company hereby covenant and agree that:</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section 3.01
<I>No Proxies for or Encumbrances on or Transfer of Shares or the Preferred Share</I>. Stockholder shall not, without the prior
written consent of the Company, directly or indirectly, (i) grant any proxies or enter into any voting trust or other agreement
or arrangement with respect to the voting of any Shares or the Preferred Share or (ii) sell, assign, transfer, encumber or otherwise
dispose of, directly or indirectly, or enter into any contract, option or other arrangement or understanding with respect to the
direct or indirect sale, assignment, transfer, encumbrance or other disposition of (collectively, &ldquo;<B>Transfer</B>&rdquo;),
any Shares or the Preferred Share during the term of this Agreement; provided that, subject to Article XII of the Halley Charter,
Stockholder may Transfer Shares or the Preferred Share to an Affiliate of Stockholder so long as such Affiliate delivers to the
Company prior to such Transfer a written undertaking, in a form reasonably satisfactory to the Company, that it will be bound
by the terms of this Agreement.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section 3.02
<I>Non-Solicitation</I>.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.65in"><FONT STYLE="font-size: 10pt">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Stockholder shall not, shall cause each of its Subsidiaries not to, and shall not authorize or permit any of its Representatives
to, directly or indirectly, (i)&nbsp;solicit, initiate or knowingly encourage, induce or facilitate any Acquisition Proposal or
any inquiry, proposal or offer that may reasonably be expected to lead to an Acquisition Proposal, (ii)&nbsp;furnish any nonpublic
information regarding the Company or afford access to the Company&rsquo;s business, properties, assets, books or records to, or
otherwise knowingly cooperate in any way with, any Third Party that is reasonably expected to make, or is otherwise seeking to
make, or has made, an Acquisition Proposal, or (iii)&nbsp;participate in any discussions or negotiations with any Third Party
that is reasonably expected to make, or has made, an Acquisition Proposal, regarding an Acquisition Proposal; <U>provided</U>
that, notwithstanding anything to the contrary in this Agreement, any such Person may (A) seek to clarify the terms and conditions
of any inquiry, proposal or offer to determine whether such inquiry, proposal or offer may reasonably be expected to lead to a
Superior Proposal (it being understood that any such communications with any such Third Party shall be limited to the clarification
of the original inquiry or proposal made by such Third Party and shall not include (x) any negotiations or similar discussions
with respect to such inquiry, proposal or offer or (y) such Person&rsquo;s view or position with respect thereto) and (B) inform
any Person that makes an Acquisition Proposal of the restrictions imposed by the provisions of this Section 3.02. Stockholder
shall promptly (but in any event within one (1) Business Day) advise the Company and Spectrum of any Acquisition Proposal received
by Stockholder, the material terms and conditions of any such Acquisition Proposal (including any material changes thereto) and
the identity of the Person making any such Acquisition Proposal. Without limiting the</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.65in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: left"><FONT STYLE="font-size: 10pt">foregoing,
it is agreed that, if any Representative of Stockholder or any of its Subsidiaries takes any action that would constitute a breach
of this Section 3.02 if it were authorized or permitted by Stockholder, such action shall constitute a breach of this Section
3.02 by Stockholder, whether or not such action shall have been authorized or permitted by Stockholder or any of its Subsidiaries,
unless such Representative has agreed (in any capacity) in a writing enforceable by such party not to take any such action. Notwithstanding
the restrictions set forth above in this Section 3.02(a), in the event that Stockholder receives, after the date of this Agreement
and prior to obtaining the Halley Stockholder Approval, a bona fide written Acquisition Proposal that did not result from any
breach of this Section 3.02 and that the board of directors of the Company determines in good faith (after consultation with outside
counsel and a financial advisor of nationally recognized reputation) to be, or to be reasonably expected to lead to, a Superior
Proposal, Stockholder may (1) engage in negotiations with, furnish any information with respect to the Company and its Subsidiaries
to, and afford access to the business, properties, assets, books or records of the Company and its Subsidiaries to, the Person
or group (and their respective Representatives) making such Acquisition Proposal; <U>provided</U>, that prior to furnishing any
such information, Stockholder (x) receives from such Person or group an executed confidentiality agreement containing terms and
restrictions that are customary for confidentiality agreements executed in similar circumstances and (y) provides prior written
notice to Spectrum and the Company; <U>provided</U>, further, that all such information is provided or made available to Spectrum
and the Company (to the extent not previously provided or made available) substantially concurrently with it being provided or
made available to such Third Party.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.65in; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.65in"><FONT STYLE="font-size: 10pt">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Notwithstanding anything herein to the contrary, Section 3.02(a) shall not prohibit or limit Stockholder from taking any
action (or inaction) that would not constitute a breach by the Company, if taken by the Company, pursuant to Section 5.3 of the
Merger Agreement.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.65in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.65in"><FONT STYLE="font-size: 10pt">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Nothing set forth in this Agreement shall apply to or limit in any way a change of control of Stockholder (or Stockholder&rsquo;s
ultimate publicly traded parent company, as applicable) (whether by virtue of a merger, acquisition, consolidation or other similar
transaction).</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.65in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.65in"><FONT STYLE="font-size: 10pt">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Stockholder agrees that, without the prior written consent of Spectrum, neither it nor any of its Affiliates shall purchase,
directly or indirectly, any shares of Saturn Common Stock or securities of Spectrum convertible into or exchangeable or exercisable
for shares of Saturn Common Stock.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.65in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section 3.03
<I>Waiver of Certain Actions</I>. Stockholder hereby agrees not to commence or participate in, and to take all reasonable actions
to opt out of any class in any class action with respect to, any Action, derivative or otherwise, against Spectrum, the Company
or any of their respective Affiliates, Subsidiaries or successors (a) challenging the validity of, or seeking to enjoin or delay
the operation of, any provision of this Agreement or the Merger Agreement</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: left"><FONT STYLE="font-size: 10pt">(including
any claim seeking to enjoin or delay the Closing) or (b) to the fullest extent permitted under Law, alleging a breach of any duty
of the board of directors of Spectrum or the Company in connection with the Merger Agreement, this Agreement or the transactions
contemplated thereby or hereby. Notwithstanding the foregoing, this <U>Section 3.03</U> shall not apply to limit in any respect
the right or ability of a party hereto to enforce the provisions of this Agreement.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section 3.04.
<I>Preferred Share; Certain Agreements</I>. Stockholder and the Company hereby each agree that, effective as of immediately prior
to the Charter Amendment Effective Time, but conditioned upon the occurrence of the Charter Amendment Effective Time, (a) Stockholder
shall transfer to the Company, and the Company shall acquire from Stockholder, for no additional consideration, the Preferred
Share, (b) that certain Securities Purchase Agreement, dated May 12, 2011, by and among Harbinger Group Inc. (as predecessor to
the Company), Stockholder, PECM Strategic Funding L.P., Providence TMT Debt Opportunity Fund II, L.P. and Wilton Re Holdings Limited,
shall be terminated without liability or obligation of any party thereto and (c) the Company will enter into the Post-Closing
Registration Rights Agreement with Stockholder and the other parties thereto.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section 3.05
<I>Amended and Restated Halley Charter</I>. From and after the Effective Time, the Company shall (i)(A) cooperate with Stockholder
and keep Stockholder reasonably informed with regard to any potential transactions involving a repurchase of shares (including
by providing notice to Stockholder prior to any repurchase), and (B) not repurchase any shares of capital stock of the Company,
in each case, that could cause any &ldquo;Transfer&rdquo; of &ldquo;CF Turul Shares&rdquo; (as such terms are defined in the Amended
and Restated Halley Charter) prior to the &ldquo;Expiration Date&rdquo; (as defined in the Amended and Restated Halley Charter)
pursuant to the &ldquo;CF Turul Other Transfer Exceptions&rdquo; (as defined in the Amended and Restated Halley Charter) to result
in an &ldquo;ownership change&rdquo; (within the meaning of Section 382(g) of the Code) of the Company, and (ii) not repurchase
any shares of capital stock of the Company without taking such action, including under the authority granted to the Company&rsquo;s
board of directors under Section 13.3 of the Amended and Restated Halley Charter, to assure that the number of shares of shares
of capital stock that may be &ldquo;Transferred&rdquo; (as defined in the Amended and Restated Halley Charter) by Stockholder
under the &ldquo;CF Tural Exceptions&rdquo; (as defined in the Amended and Restated Halley Charter) is not reduced by reason of
such repurchase.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: small-caps 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><FONT STYLE="font-size: 10pt; font-variant: normal; text-transform: uppercase">Article
4</FONT><FONT STYLE="font-size: 10pt"><BR>
Miscellaneous</FONT></P>

<P STYLE="font: small-caps 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section 4.01<I>.
Other Definitional and Interpretative Provisions.</I> Unless specified otherwise, in this Agreement the obligations of any party
consisting of more than one Person are joint and several. The words &ldquo;hereof&rdquo;, &ldquo;herein&rdquo; and &ldquo;hereunder&rdquo;
and words of like import used in this Agreement shall refer to this</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: left"><FONT STYLE="font-size: 10pt">Agreement
as a whole and not to any particular provision of this Agreement. The captions herein are included for convenience of reference
only and shall be ignored in the construction or interpretation hereof. References to Sections are to Sections of this Agreement
unless otherwise specified. Any singular term in this Agreement shall be deemed to include the plural, and any plural term the
singular. Whenever the words &ldquo;include&rdquo;, &ldquo;includes&rdquo; or &ldquo;including&rdquo; are used in this Agreement,
they shall be deemed to be followed by the words &ldquo;without limitation&rdquo;, whether or not they are in fact followed by
those words or words of like import. &ldquo;Writing&rdquo;, &ldquo;written&rdquo; and comparable terms refer to printing, typing
and other means of reproducing words (including electronic media) in a visible form. References to any agreement or contract are
to that agreement or contract as amended, modified or supplemented from time to time in accordance with the terms hereof and thereof.
References to any Person include the successors and permitted assigns of that Person. References from or through any date mean,
unless otherwise specified, from and including or through and including, respectively. &ldquo;Acquisition Proposal&rdquo; and
&ldquo;Superior Proposal&rdquo; as used in this Agreement shall mean an Acquisition Proposal or Superior Proposal in respect of
the Company.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section 4.02<I>.
Further Assurances</I>. The Company and Stockholder will each execute and deliver, or cause to be executed and delivered, all
further documents and instruments and use its reasonable best efforts to take, or cause to be taken, all actions and to do, or
cause to be done, all things necessary, proper or advisable under applicable laws and regulations, to consummate and make effective
the transactions contemplated by this Agreement.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section 4.03<I>.
Amendments; Termination</I>. Any provision of this Agreement may be amended or waived if, but only if, (i) Spectrum has provided
prior written consent to such amendment or waiver and (ii) such amendment or waiver is in writing and is signed, in the case of
an amendment, by each party to this Agreement or, in the case of a waiver, by the party against whom the waiver is to be effective.
This Agreement and all obligations of the parties hereunder shall automatically terminate upon the earliest to occur of (a) the
mutual written consent of the parties hereto, (b) the Effective Time, (c) the termination of the Merger Agreement in accordance
with its terms, (d) the date of any Adverse Amendment and (e) the date of any Adverse Recommendation Change; provided that, in
the case of clause (b), Section 3.05 (and, to the extent applicable, the provisions of this Article IV, and the relevant definitions
set forth in this Agreement), shall survive the Effective Time until the &ldquo;Expiration Date&rdquo; (as defined in the Amended
and Restated Halley Charter).</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section 4.04<I>.
Expenses</I>. All costs and expenses incurred in connection with this Agreement shall be paid by the party incurring such cost
or expense.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section 4.05<I>.
Successors and Assigns; No Third-Party Rights</I>. The provisions of this Agreement shall be binding upon and inure to the benefit
of the parties hereto and their respective successors and assigns; <I>provided</I> that no party</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: left"><FONT STYLE="font-size: 10pt">may
assign, delegate or otherwise transfer any of its rights or obligations under this Agreement without the consent of the other
parties hereto. Except as provided in the immediately following sentence, nothing in this Agreement is intended to confer on any
Person (other than the parties hereto, Spectrum and their respective successors and assigns) any rights or remedies of any nature.
Notwithstanding the foregoing, the parties hereto agree that Spectrum shall be an express third party beneficiary of this Agreement
and, without limiting the generality of the foregoing, shall have the right to enforce this Agreement directly against the parties
hereto.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section 4.06<I>.
Governing Law</I>. This Agreement and any claim, controversy or dispute arising under or related thereto, the relationship of
the parties hereto, and/or the interpretation and enforcement of the rights and duties of the parties hereto, whether arising
at law or in equity, in contract, tort or otherwise, will be governed by, and construed and interpreted in accordance with, the
laws of the State of Delaware, without regard to its rules regarding conflicts of law to the extent that the application of the
laws of another jurisdiction would be required thereby.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section 4.07<I>.
Counterparts; Effectiveness</I>. This Agreement may be signed in any number of counterparts, each of which shall be an original,
with the same effect as if the signatures thereto and hereto were upon the same instrument. This Agreement shall become effective
when each party hereto shall have received counterparts hereof signed by all of the other parties hereto. Until and unless each
party has received a counterpart hereof signed by the other party hereto, this Agreement shall have no effect and no party shall
have any right or obligation hereunder (whether by virtue of any other oral or written agreement or other communication).</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section 4.08<I>.
Severability</I>. If any term, provision or covenant of this Agreement is held by a court of competent jurisdiction or other authority
to be invalid, void or unenforceable, the remainder of the terms, provisions and covenants of this Agreement shall remain in full
force and effect and shall in no way be affected, impaired or invalidated.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section 4.09<I>.
Specific Performance</I>. The parties hereto agree that irreparable damage would occur in the event any provision of this Agreement
is not performed in accordance with the terms hereof and that the parties shall be entitled to specific performance of the terms
hereof in addition to any other remedy to which they are entitled at law or in equity.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section 4.10<I>.
Capitalized Terms</I>. Capitalized terms used but not defined herein shall have the respective meanings set forth in the Merger
Agreement.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">IN WITNESS WHEREOF, the parties
hereto have caused this Agreement to be duly executed as of the day and year first above written.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="padding-left: 0.25in; text-indent: -0.25in"><FONT STYLE="font-size: 10pt">HRG GROUP, INC.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="padding-left: 0.25in; text-indent: -0.25in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="padding-left: 0.25in; text-indent: -0.25in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt">/s/ Ehsan Zargar&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 60%">&nbsp;</TD>
    <TD STYLE="width: 4%; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 4%"><FONT STYLE="font-size: 10pt">Name:</FONT></TD>
    <TD STYLE="width: 32%"><FONT STYLE="font-size: 10pt">Ehsan Zargar</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Title:</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Executive Vice President, General Counsel, Chief Operating Office and Corporate Secretary</FONT></TD></TR>

<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="padding-left: 0.25in; text-indent: -0.25in"><FONT STYLE="font-size: 10pt">CF TURUL LLC</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="padding-left: 0.25in; text-indent: -0.25in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="padding-left: 0.25in; text-indent: -0.25in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt">/s/ James K. Noble III</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Name:</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">James K. Noble III</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Title:</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Secretary</FONT></TD></TR>
</TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 18%; padding-right: 5pt"><P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; border-bottom: Black 0.5pt solid"><FONT STYLE="font-size: 10pt">Class
of Stock</FONT></P></TD>
    <TD STYLE="width: 17%; padding-right: 5pt"><P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; border-bottom: Black 0.5pt solid"><FONT STYLE="font-size: 10pt">Shares
Owned</FONT></P></TD>
    <TD STYLE="width: 40%; padding-right: 5pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 25%; padding-right: 5pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt">Common</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">32,994,740</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt">Series A Convertible Preferred</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">1</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
</TABLE>

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<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

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<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

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<DOCUMENT>
<TYPE>EX-10.3
<SEQUENCE>7
<FILENAME>dp87180_ex1003.htm
<DESCRIPTION>EXHIBIT 10.3
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
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<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0; text-align: right"><FONT STYLE="font-size: 10pt"><B>Exhibit 10.3</B></FONT></P>

<P STYLE="margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="margin: 0; text-align: right"><FONT STYLE="font-size: 10pt"><B><U>Execution Version</U></B></FONT></P>

<P STYLE="margin: 0; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="margin: 0; text-align: right"></P>

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

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">AGREEMENT
(this &ldquo;<B>Agreement</B>&rdquo;), dated as of February 24, 2018, between HRG Group, Inc., a Delaware corporation (the &ldquo;<B>Company</B>&rdquo;),
and Leucadia National Corporation, a New York corporation (&ldquo;<B>Stockholder</B>&rdquo;).</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">WHEREAS,
in order to induce the Company and Spectrum Brands Holdings, Inc., a Delaware corporation (&ldquo;<B>Spectrum</B>&rdquo;) to enter
into an Agreement and Plan of Merger, dated as of the date hereof (the &ldquo;<B>Merger Agreemen</B>t&rdquo;) by and among the
Company, Spectrum, HRG SPV Sub I, Inc., a Delaware corporation, and HRG SPV Sub II, LLC, a Delaware limited liability company,
Stockholder has agreed to enter into this Agreement with respect to all shares of common stock, par value $0.01 per share, of
the Company that Stockholder beneficially owns (the &ldquo;<B>Shares</B>&rdquo;).</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">NOW, THEREFORE,
the parties hereto agree as follows:</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: small-caps 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><FONT STYLE="font-size: 10pt; font-variant: normal; text-transform: uppercase">Article
1</FONT><FONT STYLE="font-size: 10pt"><BR>
Voting</FONT></P>

<P STYLE="font: small-caps 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section 1.01<I>.
Voting</I>. Stockholder hereby agrees to vote or exercise its right to consent with respect to all Shares that Stockholder is
entitled to vote at the time of any vote or action by written consent to approve the Charter Amendment (as the components thereof
may be combined or separately required to be proposed or presented) and the Share Issuance and any actions related thereto at
any meeting of the stockholders of the Company (including any proposal to adjourn or postpone such meeting of the stockholders
of the Company to a later date), and at any adjournment or postponement thereof, at which any component of the Charter Amendment
or the Share Issuance, or such other actions related thereto, are submitted for the consideration and vote of the stockholders
of the Company. Stockholder hereby agrees that it will not vote any Shares in favor of, or consent to, and will vote against and
not consent to, the approval of any (i) Acquisition Proposal, (ii) reorganization, recapitalization, liquidation or winding-up
of the Company or any other extraordinary transaction involving the Company, (iii) action, proposal, transaction or agreement
that would reasonably be expected to result in a breach in any respect of any covenant, representation or warranty or any other
obligation or agreement of the Company contained in the Merger Agreement or Stockholder contained in this Agreement or (iv) action,
proposal, transaction or agreement, the consummation of which would frustrate the purposes, or prevent, delay or otherwise adversely
affect the consummation, of the Merger, the Charter Amendment, the Share Issuance or any of the other transactions contemplated
by the Merger Agreement. Notwithstanding anything herein to the contrary, this Section 1.01 shall not require Stockholder to vote
or consent (or cause to be voted or consented) any Shares to amend the Merger Agreement or take any action that could result in
the amendment or modification, or a waiver of a provision therein in any such case, in a manner that (i) reduces</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">the Halley Share Consolidation
Ratio or increases the Merger Consideration to be paid to the stockholders of Spectrum in the Merger, (ii) adversely affects the
tax consequences to Stockholder with respect to the consideration to be received in the Merger, (iii) alters or changes the form
of the Charter Amendment attached as Exhibit A to the Merger Agreement or the obligation for the Company to adopt the Charter
Amendment, in each case in a manner materially adverse to Stockholder or (iv) extends the Outside Date or imposes any additional
conditions or obligations that would reasonably be expected to delay the consummation of the Merger beyond the Outside Date (each,
an &ldquo;<B>Adverse Amendment</B>&rdquo;).</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: small-caps 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><FONT STYLE="font-size: 10pt; font-variant: normal; text-transform: uppercase">Article
2</FONT><FONT STYLE="font-size: 10pt"><BR>
Representations and Warranties</FONT></P>

<P STYLE="font: small-caps 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Stockholder
represents and warrants to the Company in Sections 2.01 through 2.05 that:</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section 2.01<I>.
Authorization</I>. Stockholder is a corporation duly organized, validly existing and in good standing under the Laws of the State
of Delaware. The execution, delivery and performance by Stockholder of this Agreement and the consummation by Stockholder of the
transactions contemplated hereby are within the powers of Stockholder and have been duly authorized by all necessary action. This
Agreement has been duly and validly executed and delivered by Stockholder and assuming due execution and delivery by the Company,
this Agreement constitutes a valid and binding Agreement of Stockholder enforceable against it in accordance with its terms.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section 2.02<I>.
Non-Contravention</I>. The execution, delivery and performance by Stockholder of this agreement and the consummation of the transactions
contemplated hereby do not and will not (i) violate the certificate of incorporation or bylaws of Stockholder, (ii) violate any
applicable law, rule, regulation, judgment, injunction, order or decree, (iii) require any consent or other action by any Person
under, constitute a default under, or give rise to any right of termination, cancellation or acceleration or to a loss of any
benefit to which Stockholder is entitled under any provision of any agreement or other instrument binding on Stockholder or (iv)
result in the imposition of any Lien (other than pursuant to this Agreement) on any asset of Stockholder (including the Shares),
except in the case of each of clauses (i) through (iv) as would not, individually or in the aggregate, reasonably be expected
to prevent, delay or otherwise adversely affect the performance by Stockholder of its obligations hereunder or prevent, delay
or otherwise adversely affect the consummation of the transactions contemplated by this Agreement. For the avoidance of doubt,
Stockholder makes no representation or warranty pursuant to this Section 2.02 with respect to the consummation of the Merger or
any consequences thereof.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section 2.03<I>.
Ownership of Shares</I>. Stockholder is the beneficial owner of the Shares, free and clear of any Lien and any other limitation
or restriction</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">(including any restriction on
the right to vote or otherwise dispose of the Shares), other than&nbsp;transfer restrictions of general applicability as may be
provided under the Securities Act or &ldquo;blue sky&rdquo; laws of the various states of the United States. None of the Shares
is subject to any voting trust or other agreement or arrangement with respect to the voting of such Shares. Except pursuant to
this Agreement, Stockholder has not entered into any contract granting another Person any contractual right or obligation to purchase
or otherwise acquire any of the Shares. As of the date hereof, no proxies have been given by Stockholder in respect of any or
all of the Shares other than proxies which have been validly revoked prior to the date hereof.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section 2.04<I>.
Total Shares</I>. As of the date hereof, Stockholder beneficially owns the Shares set forth on the signature page hereto. Except
for the Shares set forth on the signature page hereto, Stockholder does not beneficially own any (i) shares of capital stock or
voting securities of the Company, (ii) securities of the Company convertible into or exchangeable or exercisable for shares of
capital stock or voting securities or other equity interests of the Company or (iii) options or other rights to acquire from the
Company any shares of capital stock or voting securities or other equity interests of the Company or securities convertible into
or exchangeable or exercisable for shares of capital stock or voting securities or other equity interests of the Company.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section 2.05<I>.
Finder&rsquo;s Fees</I>. Except as provided in the Merger Agreement, no investment banker, broker, finder or other intermediary
is entitled to a fee or commission from the Company in respect of this Agreement based upon any arrangement or agreement made
by or on behalf of Stockholder.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section 2.06<I>.
Representations and Warranties of the Company</I>. The Company is a corporation duly organized, validly existing and in good standing
under the Laws of the State of Delaware. The Company represents and warrants to Stockholder that: (a)&nbsp;the execution, delivery
and performance by the Company of this Agreement and the consummation by the Company of the transactions contemplated hereby are
within the corporate powers of the Company and have been duly authorized by all necessary corporate action and (b) this Agreement
has been duly and validly executed and delivered by the Company and assuming due execution and delivery by Stockholder, this Agreement
constitutes a valid and binding Agreement of the Company enforceable against it in accordance with its terms.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section 2.07
<I>Registration Rights Agreement</I>. Stockholder and the Company hereby each agree that, effective as of immediately prior to
the Charter Amendment Effective Time, but conditioned upon the occurrence of the Charter Amendment Effective Time, the Company
will enter into the Post-Closing Registration Rights Agreement with Stockholder and the other parties thereto.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


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<P STYLE="font: small-caps 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><FONT STYLE="font-size: 10pt; font-variant: normal; text-transform: uppercase">Article
3</FONT><FONT STYLE="font-size: 10pt"><BR>
Covenants of Stockholder</FONT></P>

<P STYLE="font: small-caps 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Stockholder
hereby covenants and agrees that:</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section 3.01
<I>No Proxies for or Encumbrances on or Transfer of Shares</I>. Stockholder shall not, without the prior written consent of the
Company, directly or indirectly, (i) grant any proxies or enter into any voting trust or other agreement or arrangement with respect
to the voting of any Shares or (ii) sell, assign, transfer, encumber or otherwise dispose of, directly or indirectly, or enter
into any contract, option or other arrangement or understanding with respect to the direct or indirect sale, assignment, transfer,
encumbrance or other disposition of (collectively, &ldquo;<B>Transfer</B>&rdquo;), any Shares during the term of this Agreement;
provided that, subject to Article XII of the Halley Charter, Stockholder may Transfer Shares to an Affiliate of Stockholder so
long as such Affiliate delivers to the Company prior to such Transfer a written undertaking, in a form reasonably satisfactory
to the Company, that it will be bound by the terms of this Agreement.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section 3.02
<I>Non-Solicitation</I>.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.65in"><FONT STYLE="font-size: 10pt">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Stockholder shall not, shall cause each of its Subsidiaries not to, and shall not authorize or permit any of its Representatives
to, directly or indirectly, (i)&nbsp;solicit, initiate or knowingly encourage, induce or facilitate any Acquisition Proposal or
any inquiry, proposal or offer that may reasonably be expected to lead to an Acquisition Proposal, (ii)&nbsp;furnish any nonpublic
information regarding the Company or afford access to the Company&rsquo;s business, properties, assets, books or records to, or
otherwise knowingly cooperate in any way with, any Third Party that is reasonably expected to make, or is otherwise seeking to
make, or has made, an Acquisition Proposal, or (iii)&nbsp;participate in any discussions or negotiations with any Third Party
that is reasonably expected to make, or has made, an Acquisition Proposal, regarding an Acquisition Proposal; <U>provided</U>
that, notwithstanding anything to the contrary in this Agreement, any such Person may (A) seek to clarify the terms and conditions
of any inquiry, proposal or offer to determine whether such inquiry, proposal or offer may reasonably be expected to lead to a
Superior Proposal (it being understood that any such communications with any such Third Party shall be limited to the clarification
of the original inquiry or proposal made by such Third Party and shall not include (x) any negotiations or similar discussions
with respect to such inquiry, proposal or offer or (y) such Person&rsquo;s view or position with respect thereto) and (B) inform
any Person that makes an Acquisition Proposal of the restrictions imposed by the provisions of this Section 3.02. Stockholder
shall promptly (but in any event within one (1) Business Day) advise the Company and Spectrum of any Acquisition Proposal received
by Stockholder, the material terms and conditions of any such Acquisition Proposal (including any material changes thereto) and
the identity of the Person making any such Acquisition Proposal. Without limiting the foregoing, it is agreed that, if any Representative
of Stockholder or any of its Subsidiaries takes any action that would constitute a breach of this Section 3.02 if</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.65in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">it were authorized or permitted
by Stockholder, such action shall constitute a breach of this Section 3.02 by Stockholder, whether or not such action shall have
been authorized or permitted by Stockholder or any of its Subsidiaries, unless such Representative has agreed (in any capacity)
in a writing enforceable by such party not to take any such action. Notwithstanding the restrictions set forth above in this Section
3.02(a), in the event that Stockholder receives, after the date of this Agreement and prior to obtaining the Halley Stockholder
Approval, a bona fide written Acquisition Proposal that did not result from any breach of this Section 3.02 and that the board
of directors of the Company determines in good faith (after consultation with outside counsel and a financial advisor of nationally
recognized reputation) to be, or to be reasonably expected to lead to, a Superior Proposal, Stockholder may (1) engage in negotiations
with, furnish any information with respect to the Company and its Subsidiaries to, and afford access to the business, properties,
assets, books or records of the Company and its Subsidiaries to, the Person or group (and their respective Representatives) making
such Acquisition Proposal; <U>provided</U>, that prior to furnishing any such information, Stockholder (x) receives from such
Person or group an executed confidentiality agreement containing terms and restrictions that are customary for confidentiality
agreements executed in similar circumstances and (y) provides prior written notice to Spectrum and the Company; <U>provided</U>,
further, that all such information is provided or made available to Spectrum and the Company (to the extent not previously provided
or made available) substantially concurrently with it being provided or made available to such Third Party.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.65in"><FONT STYLE="font-size: 10pt">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Notwithstanding anything herein to the contrary, Section 3.02(a) shall not prohibit or limit Stockholder from taking any
action (or inaction) that would not constitute a breach by the Company, if taken by the Company, pursuant to Section 5.3 of the
Merger Agreement.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.65in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.65in"><FONT STYLE="font-size: 10pt">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Nothing set forth in this Agreement shall apply to or limit in any way a change of control of Stockholder (or Stockholder&rsquo;s
ultimate publicly traded parent company, as applicable) (whether by virtue of a merger, acquisition, consolidation or other similar
transaction).</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.65in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.65in"><FONT STYLE="font-size: 10pt">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Stockholder agrees that, without the prior written consent of Spectrum, neither it nor any of its Affiliates shall purchase,
directly or indirectly, any shares of Saturn Common Stock or securities of Spectrum convertible into or exchangeable or exercisable
for shares of Saturn Common Stock.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.65in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section 3.03
<I>Waiver of Certain Actions</I>. Stockholder hereby agrees not to commence or participate in, and to take all reasonable actions
to opt out of any class in any class action with respect to, any Action, derivative or otherwise, against Spectrum, the Company
or any of their respective Affiliates, Subsidiaries or successors (a) challenging the validity of, or seeking to enjoin or delay
the operation of, any provision of this Agreement or the Merger Agreement (including any claim seeking to enjoin or delay the
Closing) or (b) to the fullest extent permitted under Law, alleging a breach of any duty of the board of</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">directors of Spectrum or the
Company in connection with the Merger Agreement, this Agreement or the transactions contemplated thereby or hereby. Notwithstanding
the foregoing, this <U>Section 3.03</U> shall not apply to limit in any respect the right or ability of a party hereto to enforce
the provisions of this Agreement.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: small-caps 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><FONT STYLE="font-size: 10pt; font-variant: normal; text-transform: uppercase">Article
4</FONT><FONT STYLE="font-size: 10pt"><BR>
Miscellaneous</FONT></P>

<P STYLE="font: small-caps 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section 4.01<I>.
Other Definitional and Interpretative Provisions.</I> Unless specified otherwise, in this Agreement the obligations of any party
consisting of more than one Person are joint and several. The words &ldquo;hereof&rdquo;, &ldquo;herein&rdquo; and &ldquo;hereunder&rdquo;
and words of like import used in this Agreement shall refer to this Agreement as a whole and not to any particular provision of
this Agreement. The captions herein are included for convenience of reference only and shall be ignored in the construction or
interpretation hereof. References to Sections are to Sections of this Agreement unless otherwise specified. Any singular term
in this Agreement shall be deemed to include the plural, and any plural term the singular. Whenever the words &ldquo;include&rdquo;,
&ldquo;includes&rdquo; or &ldquo;including&rdquo; are used in this Agreement, they shall be deemed to be followed by the words
&ldquo;without limitation&rdquo;, whether or not they are in fact followed by those words or words of like import. &ldquo;Writing&rdquo;,
&ldquo;written&rdquo; and comparable terms refer to printing, typing and other means of reproducing words (including electronic
media) in a visible form. References to any agreement or contract are to that agreement or contract as amended, modified or supplemented
from time to time in accordance with the terms hereof and thereof. References to any Person include the successors and permitted
assigns of that Person. References from or through any date mean, unless otherwise specified, from and including or through and
including, respectively. &ldquo;Acquisition Proposal&rdquo; and &ldquo;Superior Proposal&rdquo; as used in this Agreement shall
mean an Acquisition Proposal or Superior Proposal in respect of the Company.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section 4.02<I>.
Further Assurances</I>. The Company and Stockholder will each execute and deliver, or cause to be executed and delivered, all
further documents and instruments and use its reasonable best efforts to take, or cause to be taken, all actions and to do, or
cause to be done, all things necessary, proper or advisable under applicable laws and regulations, to consummate and make effective
the transactions contemplated by this Agreement.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section 4.03<I>.
Amendments; Termination</I>. Any provision of this Agreement may be amended or waived if, but only if, (i) Spectrum has provided
prior written consent to such amendment or waiver and (ii) such amendment or waiver is in writing and is signed, in the case of
an amendment, by each party to this Agreement or, in the case of a waiver, by the party against whom the waiver is to be effective.
This Agreement and all obligations of the parties hereunder shall automatically terminate upon the earliest to occur of (a) the
mutual written</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">consent of the parties hereto,
(b) the Effective Time, (c) the termination of the Merger Agreement in accordance with its terms, (d) the date of any Adverse
Amendment and (e) the date of any Adverse Recommendation Change.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section 4.04<I>.
Expenses</I>. All costs and expenses incurred in connection with this Agreement shall be paid by the party incurring such cost
or expense.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section 4.05<I>.
Successors and Assigns; No Third-Party Rights</I>. The provisions of this Agreement shall be binding upon and inure to the benefit
of the parties hereto and their respective successors and assigns; <I>provided</I> that no party may assign, delegate or otherwise
transfer any of its rights or obligations under this Agreement without the consent of the other parties hereto. Except as provided
in the immediately following sentence, nothing in this Agreement is intended to confer on any Person (other than the parties hereto,
Spectrum and their respective successors and assigns) any rights or remedies of any nature. Notwithstanding the foregoing, the
parties hereto agree that Spectrum shall be an express third party beneficiary of this Agreement and, without limiting the generality
of the foregoing, shall have the right to enforce this Agreement directly against the parties hereto.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section 4.06<I>.
Governing Law</I>. This Agreement and any claim, controversy or dispute arising under or related thereto, the relationship of
the parties hereto, and/or the interpretation and enforcement of the rights and duties of the parties hereto, whether arising
at law or in equity, in contract, tort or otherwise, will be governed by, and construed and interpreted in accordance with, the
laws of the State of Delaware, without regard to its rules regarding conflicts of law to the extent that the application of the
laws of another jurisdiction would be required thereby.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section 4.07<I>.
Counterparts; Effectiveness</I>. This Agreement may be signed in any number of counterparts, each of which shall be an original,
with the same effect as if the signatures thereto and hereto were upon the same instrument. This Agreement shall become effective
when each party hereto shall have received counterparts hereof signed by all of the other parties hereto. Until and unless each
party has received a counterpart hereof signed by the other party hereto, this Agreement shall have no effect and no party shall
have any right or obligation hereunder (whether by virtue of any other oral or written agreement or other communication).</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section 4.08<I>.
Severability</I>. If any term, provision or covenant of this Agreement is held by a court of competent jurisdiction or other authority
to be invalid, void or unenforceable, the remainder of the terms, provisions and covenants of this Agreement shall remain in full
force and effect and shall in no way be affected, impaired or invalidated.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section 4.09<I>.
Specific Performance</I>. The parties hereto agree that irreparable damage would occur in the event any provision of this Agreement
is</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">not performed in accordance with
the terms hereof and that the parties shall be entitled to specific performance of the terms hereof in addition to any other remedy
to which they are entitled at law or in equity.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Section 4.10<I>.
Capitalized Terms</I>. Capitalized terms used but not defined herein shall have the respective meanings set forth in the Merger
Agreement.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">IN WITNESS WHEREOF, the parties
hereto have caused this Agreement to be duly executed as of the day and year first above written.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="padding-left: 0.25in; text-indent: -0.25in"><FONT STYLE="font-size: 10pt">HRG GROUP, INC.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="padding-left: 0.25in; text-indent: -0.25in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="padding-left: 0.25in; text-indent: -0.25in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt">/s/ Joseph Steinberg&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 60%">&nbsp;</TD>
    <TD STYLE="width: 4%; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 4%"><FONT STYLE="font-size: 10pt">Name:</FONT></TD>
    <TD STYLE="width: 32%"><FONT STYLE="font-size: 10pt">Joseph Steinberg</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Title:</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Chairman</FONT></TD></TR>

<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="padding-left: 0.25in; text-indent: -0.25in"><FONT STYLE="font-size: 10pt">LEUCADIA NATIONAL CORPORATION</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="padding-left: 0.25in; text-indent: -0.25in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="padding-left: 0.25in; text-indent: -0.25in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt">/s/ Michael J. Sharp&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Name:</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Michael J. Sharp</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Title:</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Executive Vice President and General Counsel</FONT></TD></TR>
</TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 18%; padding-right: 5pt"><P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; border-bottom: Black 0.5pt solid"><FONT STYLE="font-size: 10pt">Class
of Stock</FONT></P></TD>
    <TD STYLE="width: 17%; padding-right: 5pt"><P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; border-bottom: Black 0.5pt solid"><FONT STYLE="font-size: 10pt">Shares
Owned</FONT></P></TD>
    <TD STYLE="width: 40%; padding-right: 5pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 25%; padding-right: 5pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">Common</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">46,600,000</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
</TABLE>


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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.4
<SEQUENCE>8
<FILENAME>dp87180_ex1004.htm
<DESCRIPTION>EXHIBIT 10.4
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0; text-align: right"><FONT STYLE="font-size: 10pt"><B>Exhibit 10.4</B></FONT></P>

<P STYLE="margin: 0; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="margin: 0; text-align: right"></P>

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

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">This
SHAREHOLDER AGREEMENT, dated as of February 24, 2018 (this &ldquo;<U>Agreement</U>&rdquo;) and, except as otherwise set forth
in <U>Section 5.1</U>, effective as of the Closing (the &ldquo;<U>Effective Time</U>&rdquo;), is by and between Leucadia National
Corporation, a New York corporation (&ldquo;<U>Leucadia</U>&rdquo;), and HRG Group, Inc. (to be renamed Spectrum Brands Holdings,
Inc. at the Closing of the Merger), a Delaware corporation (the &ldquo;<U>Company</U>&rdquo; and together with Leucadia, the &ldquo;<U>Parties</U>&rdquo;
and each, a &ldquo;<U>Party</U>&rdquo;).</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">WHEREAS,
pursuant to the Agreement and Plan of Merger, dated as of the date hereof (the &ldquo;<U>Merger Agreement</U>&rdquo;), among the
Company, Spectrum Brands Holdings, Inc. (&ldquo;<U>Spectrum</U>&rdquo;) HRG SPV Sub I, Inc., a Delaware corporation, and HRG SPV
Sub II, LLC, a Delaware limited liability company, Spectrum is to become a wholly-owned Subsidiary of the Company (the &ldquo;<U>Merger</U>&rdquo;);
and</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">WHEREAS,
as a condition to the willingness of the Company and Spectrum to enter into the Merger Agreement, the Parties are entering into
this Agreement, which sets forth certain terms and conditions regarding, among other things, post-Closing governance and other
matters.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">NOW,
THEREFORE, in consideration of the mutual agreements set forth herein, and for other good and valuable consideration, the receipt
and sufficiency of which are hereby acknowledged, the Parties agree as follows:</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><FONT STYLE="font-size: 10pt; text-transform: uppercase; color: #010000">Article
I</FONT><FONT STYLE="font-size: 10pt"><BR>
<BR>
DEFINITIONS</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt; color: #010000">Section
1.1&#9;</FONT><FONT STYLE="font-size: 10pt"><U>Certain Definitions</U>. As used in this Agreement, the following terms will have
the following respective meanings:</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&ldquo;<U>Affiliate</U>&rdquo;
means, with respect to any Person, another Person that directly, or indirectly through one or more intermediaries, controls, is
controlled by, or is under common control with, such first Person, where &ldquo;control&rdquo; means the possession, directly
or indirectly, of the power to direct or cause the direction of the management and policies of a Person, whether through the ownership
of voting securities, by contract, as trustee or executor or otherwise; <U>provided</U>, however, that in no event shall the Company,
any of its Subsidiaries, or any of the Company&rsquo;s other controlled Affiliates (in each case after giving effect to the Merger)
be deemed to be Affiliates of Leucadia or any of Leucadia&rsquo;s Affiliates for purposes of this Agreement.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&ldquo;<U>Appliances
Business</U>&rdquo; means the business and operations of the (x) small appliances product category and (y) the personal care product
category of the Global Batteries and Appliances segment of Spectrum as described in Spectrum&rsquo;s Form 10-K for the fiscal
year ended September 30, 2017.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&ldquo;<U>Batteries
Business</U>&rdquo; means the business and operations of the consumer batteries product category of the Global Batteries and Appliances
segment of Spectrum as described in Spectrum&rsquo;s Form 10-K for the fiscal year ended September 30, 2017.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&ldquo;<U>Beneficial
Ownership</U>,&rdquo; &ldquo;<U>Beneficially Owned</U>&rdquo; and &ldquo;<U>Beneficially Owns</U>&rdquo; have the meanings specified
in Rule 13d-3 promulgated under the Exchange Act, including the provision that any member of a &ldquo;group&rdquo; will be deemed
to have beneficial ownership of all securities beneficially owned by other members of the group, and a Person&rsquo;s beneficial
ownership of securities will be calculated in accordance with the provisions of such Rule; <U>provided</U>, however, that a Person
will be deemed to be the beneficial owner of any security which may be acquired by such Person whether within sixty (60) days
or thereafter, upon the conversion, exchange or exercise of any rights, options, warrants or similar securities to subscribe for,
purchase or otherwise acquire (x) capital stock of any Person or (y) securities directly or indirectly convertible into, or exercisable
or exchangeable for, such capital stock of such Person.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&ldquo;<U>Board</U>&rdquo;
means the Board of Directors of the Company.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&ldquo;<U>Change
of Control</U>&rdquo; means any transaction or series of transactions (as a result of a tender offer, merger, consolidation, reorganization
or otherwise) that results in (i) the sale, lease, exchange, conveyance, transfer or other disposition (for cash, shares of stock,
securities or other consideration) of a majority of the property or assets of the Company and its Subsidiaries (taken as a whole)
to any Person or &ldquo;group&rdquo; (within the meaning of Section 13(d)(3) of the Exchange Act) (including any liquidation,
dissolution or winding up of the affairs of the Company, or any other distribution made, in connection therewith), (ii) holders
of the Company&rsquo;s Common Stock outstanding immediately before such transaction or transactions owning, in the aggregate,
less than a majority of the voting power of the outstanding Voting Securities of the Company (or any parent or successor entity)
immediately after such transaction or transactions or (iii) the majority of the Board immediately after such transaction or transactions
consisting of Directors not approved by a majority of the Directors serving immediately prior to such transaction or series of
transactions.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&ldquo;<U>Charter</U>&rdquo;
means the Certificate of Incorporation of the Company as in effect immediately following the Effective Time.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&ldquo;<U>Common
Stock</U>&rdquo; means (i) the common stock of the Company, par value $0.01 per share, (ii) any securities of the Company or any
successor or assign of the Company into which such stock is reclassified or reconstituted or into which such stock is converted
or otherwise exchanged in connection with a combination of shares, recapitalization, merger, sale of assets, consolidation or
other reorganization or otherwise or (iii) any securities received as a dividend or distribution in respect of the securities
described in clauses (i) and (ii) above.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&ldquo;<U>Confidential
Information</U>&rdquo; means all non-public information (irrespective of the form of communication, and irrespective of whether
obtained prior to or after the Effective Time or whether pursuant to this Agreement or otherwise) concerning the Company or its
Affiliates that may be furnished to any Person by or on behalf of the Company, its Affiliates or its or their respective Representatives,
other than information which (a)&nbsp;becomes generally available to the public other than as a result of a breach of this Agreement,
(b)&nbsp;becomes available to such Person</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: left"><FONT STYLE="font-size: 10pt">on
a non-confidential basis from a source other than the Company, its Affiliates or its or their respective Representatives; <U>provided</U>,
that the source thereof is not known by such Person or such of its Affiliates or its or their respective Representatives to be
bound by an obligation of confidentiality, or (c)&nbsp;is independently developed by such Person, its Affiliates or its or their
respective Representatives without the use of or reference to any information that would otherwise be Confidential Information
hereunder.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&ldquo;<U>Derivative
Instruments</U>&rdquo; means any and all derivative securities (as defined under Rule 16a-1 under the Exchange Act) that increase
in value as the value of any Equity Securities of the Company increases, including a long convertible security, a long call option
and a short put option position, in each case, regardless of whether (a) such interest conveys any voting rights in such security,
(b) such interest is required to be, or is capable of being, settled through delivery of such security or cash or (c) other transactions
hedge the economic effect of such interest.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&ldquo;<U>Director</U>&rdquo;
means a member of the Board.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&ldquo;<U>Equity
Securities</U>&rdquo; means (a) Voting Securities, (b) any securities of the Company that are convertible, exchangeable or exercisable
(whether presently convertible, exchangeable or exercisable or not) into or for Voting Securities (including within the meaning
of Treasury Regulation Section 1.382-4(d)(9)), (c) any options, warrants and rights issued by the Company (whether presently convertible,
exchangeable or exercisable or not) to purchase Voting Securities or convertible, exchangeable or exercisable (whether presently
convertible, exchangeable or exercisable or not) into Voting Securities (including within the meaning of Treasury Regulation Section
1.382-4(d)(9)), and (d) any other interests that would be treated as &ldquo;stock&rdquo; of the Company pursuant to Treasury Regulation
Section 1.382-2T(f)(18).</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&ldquo;<U>Exchange
Act</U>&rdquo; means the Securities Exchange Act of 1934 and the rules and regulations of the SEC thereunder.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&ldquo;<U>Governmental
Entity</U>&rdquo; means any federal, state, local or foreign government or subdivision thereof or any other governmental, administrative,
judicial, arbitral, legislative, executive, regulatory or self-regulatory authority (including the New York Stock Exchange and
FINRA - Financial Industry Regulatory Authority), instrumentality, agency, commission or body</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&ldquo;<U>Independent
Designee</U>&rdquo; has the meaning set forth in the Merger Agreement.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&ldquo;<U>Law</U>&rdquo;
means any federal, state, local, municipal, foreign or other law, statute, constitution, principle of common law, resolution,
ordinance, code, edict, decree, rule, regulation, order, award, ruling or requirement issued, enacted, adopted, promulgated, implemented
or otherwise put into effect by or under the authority of any Governmental Entity</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&ldquo;<U>Percentage
Stock Ownership</U>&rdquo; means percentage stock ownership as determined in accordance with Treasury Regulation Section 1.382-2T
(g), (h) (without regard to the rule that treats stock of an entity as to which the constructive ownership rules apply as no longer
owned by that entity), (j) and (k).</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&ldquo;<U>Person</U>&rdquo;
means an association, a corporation, an individual, a partnership, a joint venture, a limited liability company, an estate, a
trust or any other entity or organization,</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: left"><FONT STYLE="font-size: 10pt">including
a governmental authority, a group (with the meaning of Section 13(d)(3) of the Exchange Act), or an &ldquo;entity&rdquo; within
the meaning of Treasury Regulation Section 1.382-3 (including any group of Persons treated as a single entity under such regulation);
<U>provided</U>, however, that for purposes of <U>Article III</U> a Person shall not be deemed to include a Public Group (as defined
in Treasury Regulation Section 1.382&ndash;2T(f)(13)).</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&ldquo;<U>Representatives</U>&rdquo;
means, with respect to any Person, the directors, officers, employees, investment bankers, accountants, attorneys or other advisors,
agents or representatives of such Person.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&ldquo;<U>SEC</U>&rdquo;
means the Securities and Exchange Commission.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&ldquo;<U>Securities
Act</U>&rdquo; means the Securities Act of 1933 and the rules and regulations of the SEC promulgated thereunder.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&ldquo;<U>Subsidiary</U>&rdquo;
of any Person shall mean any corporation, partnership, joint venture, limited liability company, trust or other form of legal
entity (whether incorporated or unincorporated) of which (or in which) more than 50% of the Beneficial Ownership of the stock
or other equity interests of such entity is, directly or indirectly, owned or controlled by such Person, by such Person and one
or more of its other Subsidiaries or by one or more of such Person&rsquo;s other Subsidiaries.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&ldquo;<U>Substantial
Holder</U>&rdquo; means a Person (including, any group of Persons treated as a single &ldquo;entity&rdquo; within the meaning
of Treasury Regulation Section 1.382-3) that: (i) holds, owns or has any right in Equity Securities of the Company representing
a Percentage Stock Ownership (including indirect and constructive ownership, as determined under applicable Treasury Regulations)
in the Company of at least 4.9%; or (ii) that is identified as a &ldquo;5-percent shareholder&rdquo; of the Company pursuant to
Treasury Regulation Section 1.382-2T(g)(1).</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&ldquo;<U>Treasury
Regulation</U>&rdquo; means any Treasury regulation, in effect from time to time, promulgated under the Code.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&ldquo;<U>Voting
Securities</U>&rdquo; means the Common Stock and any other securities of the Company of any kind or class having power generally
to vote for the election of Directors.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><FONT STYLE="font-size: 10pt; text-transform: uppercase; color: #010000">Article
II</FONT><FONT STYLE="font-size: 10pt"><BR>
<BR>
COVENANTS</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt; color: #010000">Section
2.1&#9;</FONT><FONT STYLE="font-size: 10pt"><U>Leucadia Standstill</U>.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt; color: #010000">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-size: 10pt">From
the Effective Time until such time as both (i) Leucadia and its Subsidiaries no longer in the aggregate own at least 10% of the
number of shares of Common Stock (calculated on a fully diluted basis) issued and outstanding immediately after the Effective
Time and (ii) a Leucadia Nominee is no longer serving as a Director (the &ldquo;<U>Standstill Period</U>&rdquo;), Leucadia shall
not, and shall cause its Subsidiaries and Representatives acting on its and its respective Subsidiaries&rsquo; behalf not to,
directly or indirectly (including through any arrangements with a third party):</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt; color: #010000">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-size: 10pt">except
for Equity Securities of the Company received by way of stock splits, stock dividends, reclassifications, recapitalizations or
other distributions by the Company in respect of its Common Stock, and Equity Securities purchased in an offering by the Company
to maintain the <I>pro rata </I>ownership of Equity Securities of the Company by Leucadia and its Subsidiaries, (x) acquire, agree
to acquire, propose or offer to acquire (including through the acquisition of Beneficial Ownership) of (directly or indirectly,
by purchase or otherwise) any Equity Securities or Derivative Instruments of the Company; <U>provided</U> that this clause (x)
shall not prohibit acquisitions of Common Stock if (1) after giving effect to such transaction, the Beneficial Ownership of Common
Stock held by Leucadia and its Subsidiaries (calculated on an as converted basis to include all Equity Securities held by Leucadia
and its Subsidiaries at such time and giving effect to the exceptions in <U>Section 2.2(c)</U>) in the aggregate would not exceed
15% of the number of shares of Common Stock (calculated on a fully diluted basis) issued and outstanding, and (2) such acquisition
of Common Stock is not otherwise prohibited under the Charter or (y) authorize or make a tender offer, exchange offer or other
offer or proposal, whether oral or written, to acquire (directly or indirectly, by purchase or otherwise) any Equity Securities
or Derivative Instruments of the Company;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt; color: #010000">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-size: 10pt">make,
or in any way participate, directly or indirectly, in any &ldquo;solicitation&rdquo; of &ldquo;proxies,&rdquo; &ldquo;consents&rdquo;
or &ldquo;authorizations&rdquo; to vote (as such terms are used in the rules of the SEC), or seek to advise or influence any Person
with respect to the voting of any Voting Securities (other than in each case (x) Leucadia and its Subsidiaries, (y) in accordance
with and consistent with the recommendation of the Board or (z) with respect to the election of a Leucadia Nominee);</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt; color: #010000">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-size: 10pt">authorize
or commence any tender offer or exchange offer for shares of Voting Securities without the prior written consent of the Board
(for the avoidance of doubt, tendering into any tender offer or exchange offer not commenced by Leucadia or its Subsidiaries will
not in and of itself violate this <U>Section 2.1(a)(iii)</U>);</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt; color: #010000">(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-size: 10pt">form,
join or in any way participate in a &ldquo;group&rdquo; as defined in Section 13(d)(3) of the Exchange Act, for the purpose of
voting, acquiring, holding, or disposing of, any Voting Securities;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt; color: #010000">(v)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;submit
to the Board a written proposal for or offer of</FONT><FONT STYLE="font-size: 10pt">, with or without conditions, any merger,
recapitalization, reorganization, business combination or other extraordinary transaction involving the Company or any Subsidiary
thereof or any of its or their respective securities or assets, or make any public announcement with respect to such proposal
or offer;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt; color: #010000">(vi)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-size: 10pt">request
the Company or any of its Subsidiaries, directly or indirectly, to amend or waive any provision of this Agreement;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt; color: #010000">(vii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-size: 10pt">contest
the validity or enforceability of any provision contained herein, including this <U>Section 2.1(a)(vii)</U>;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt; color: #010000">(viii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-size: 10pt">call,
or seek to call, a meeting of the stockholders of the Company or initiate any stockholder proposal, or initiate or propose any
action by written consent, in each case for action by the stockholders of the Company;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(ix)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;nominate
candidates for election to the Board or otherwise seek representation on the Board (except as expressly set forth in this Agreement)
or seek the removal of any member of the Board (except for the Leucadia Nominee); or</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt; color: #010000">(x)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-size: 10pt">take
any action that would reasonably be expected to require the Company to make a public announcement regarding the possibility of
a transaction or any other matter described in this <U>Section 2.1</U>.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt; color: #010000">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">This
<U>Section 2.1</U> shall immediately terminate and be of no further force and effect if: (i) the Company enters into a definitive
agreement the consummation of which would result in a Change of Control of the Company, provided that <U>Sections 2.1(a)(ii)</U>,
<U>(iv)</U>, <U>(viii)</U> and <U>(ix)</U> will continue to apply through such consummation, (ii) any Person shall have commenced
and not withdrawn a bona fide public tender or exchange offer which if consummated would result in a Change of Control of the
Company and the Board has not recommended that the stockholders of the Company reject such offer within the time period contemplated
by Rule 14e-3 under the Exchange Act, or (iii) the Company files or consents to the filing against the Company of a petition for
relief or reorganization or arrangement or any other petition in bankruptcy, insolvency, reorganization or other similar law,
makes an assignment for the benefit of creditors or consents to the appointment of a custodian, receiver, trustee or other officer
with similar powers with respect to the Company or with respect to any substantial part or its property</FONT><FONT STYLE="font-size: 10pt">.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt; color: #010000">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-size: 10pt">Anything
in this Agreement to the contrary notwithstanding, (i) nothing in this Agreement shall prohibit or restrict the voting (as a director)
or other actions taken by any Leucadia Nominee in his or her capacity as a member of the Board and in compliance with and subject
to his or her fiduciary duties as a member of the Board and (ii) for purposes of this Agreement, Jefferies Group LLC and its Subsidiaries
(collectively, &ldquo;<U>Jefferies</U>&rdquo;) shall not be considered to be Subsidiaries of Leucadia or part of a &ldquo;group&rdquo;
as defined in Section 13(d)(3) of the Exchange Act involving Leucadia or its Subsidiaries, in each case, with respect to their
performance of broker-dealer, investment banking, advisory, asset management or commodities services or activities, so long and
to the extent that Jefferies or such applicable Subsidiary (w) is acting in the ordinary course of its business, (x) is not acting
at the direction of the Leucadia Nominee or Leucadia, its Subsidiaries, Affiliates or Representatives in connection with the Company
or any of its Subsidiaries, (y) institutes customary confidentiality screens and protections with respect to any Confidential
Information received by Jefferies and in no event is such Confidential Information used by Jefferies or any of its employees or
shared with any third party in connection with such activities, and (z) is not otherwise acting for the purpose of circumventing
the restrictions contained herein. During the Standstill Period, Jefferies will not represent a third-party buyer in connection
with a sale of the Company or substantially all of the assets of the Company (unless such representation was approved by the disinterested
Directors of the Company prior to such representation).</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt; color: #010000">Section
2.2&#9;</FONT><FONT STYLE="font-size: 10pt"><U>Leucadia Nominee and Independent Designee</U>.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt; color: #010000">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-size: 10pt">From
the Effective Time until the earliest of (i) such time as Leucadia and its Subsidiaries in the aggregate own less than 10% of
the number of shares of Common Stock (calculated on a fully diluted basis) issued and outstanding immediately after the Effective
Time (the &ldquo;<U>Leucadia Nominee Ownership Threshold</U>&rdquo;), (ii) such time as Leucadia and its Subsidiaries in the aggregate
own less than 5% of the number of shares of Common Stock (calculated on a fully diluted basis) then issued and outstanding, and
(iii) the later of (A) the 60 month anniversary of the Effective Time and (B) such time as Leucadia and its Subsidiaries in the
aggregate own less than 10% of the number of shares of Common Stock (calculated on a fully diluted basis) then issued and outstanding,
Leucadia shall have the right to designate one individual to be nominated as a Director (the &ldquo;<U>Leucadia Nominee</U>&rdquo;).
If at any time following the Effective Time (A) Leucadia and its Subsidiaries in the aggregate own less than 5% of the number
of shares of Common Stock (calculated on a fully diluted basis) issued and outstanding immediately after the Effective Time or
(B) either of the events specified in clause (ii) or (iii) of the immediately preceding sentence occurs, then the Leucadia Nominee
(to the extent a Leucadia Nominee is then serving on the Board) shall, and Leucadia shall cause the Leucadia Nominee to, promptly
resign from the Board. Subject to the other provisions of this Agreement, the Company shall include the Leucadia Nominee on the
Company&rsquo;s slate of nominees for election as Directors at any applicable meeting of shareholders at which Directors are to
be elected and shall, to the fullest extent permitted by applicable Law, use its reasonable best efforts to cause the Leucadia
Nominee to be elected and maintained in office as a Director (including, without limitation, using its reasonable best efforts
to solicit from the stockholders of the Company eligible to vote for the election of Directors proxies in favor of the election
of the Leucadia Nominee at any meeting of stockholders held to elect Directors). Subject to <U>Section&nbsp;2.2(c)</U> and to
the Company&rsquo;s required efforts set forth in this <U>Section&nbsp;2.2(a)</U> with respect to Leucadia Nominees, if a Leucadia
Nominee resigns or is otherwise unavailable to serve as a Director, Leucadia shall have the exclusive right to designate the replacement
for the Leucadia Nominee for so long as Leucadia has the right to designate a Leucadia Nominee and the Company shall, consistent
with its obligations set forth in the immediately preceding sentence, cause any such replacement Leucadia Nominee to be promptly
appointed or elected to the Board.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt; color: #010000">(b)
</FONT><FONT STYLE="font-size: 10pt">In the event that, at any point during such Person&rsquo;s initial term as a Director, the
Independent Designee is unable or unwilling to serve as a Director as a result of illness, death, resignation, removal or any
other reason, <FONT STYLE="color: #010000">Leucadia shall have the right to designate an individual who satisfies the requirements
set forth in <U>Section 2.2(d)</U> to be appointed by the Board as a Director to fill such Independent Designee&rsquo;s seat and
serve the remainder of such Independent Designee&rsquo;s term.</FONT> The individual designated and appointed pursuant to this
<U>Section 2.2(b)</U> shall thereafter <FONT STYLE="color: #010000">be the Independent Designee for purposes of this Agreement.
</FONT>This <U>Section 2.2(b)</U> shall cease to apply from and after the time at which Leucadia and its Subsidiaries in the aggregate
own less than 10% of the number of shares of Common Stock (calculated on a fully diluted basis) issued and outstanding immediately
after the Effective Time.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt; color: #010000">(c)
</FONT><FONT STYLE="font-size: 10pt">Notwithstanding anything to the contrary contained herein, neither the Company nor the Board
shall be under any obligation to nominate or appoint to the Board, or solicit votes for, any Person pursuant to <U>Section 2.2(a)
</U>in the event that the Board reasonably determines that (i)&nbsp;the election of such Person to the Board would cause the Company
to not be</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: left"><FONT STYLE="font-size: 10pt">in
compliance with applicable Law, (ii) such Person has been the subject of any event required to be disclosed pursuant to Items
2(d) or 2(e) of Schedule 13D under the Exchange Act or Item 401(f) of Regulation S-K of the 1934 Securities Act (for the avoidance
of doubt, excluding bankruptcies) involving an act of moral turpitude by such individual or is subject to any order, decree or
judgment of any Governmental Entity prohibiting service as a director of any public company, or (iii)&nbsp;&nbsp;such Person fails
to complete reasonable and customary onboarding documentation, including providing reasonably required information to the Company,
in each case to the extent such requirements are consistent with those applicable to the other members of the board of directors
of the Company. In the event a Person nominated by Leucadia as a Leucadia Nominee is not nominated or appointed to the Board as
a result of a failure to satisfy any of the requirements described in clauses (i) through (iii) of the immediately preceding sentence,
Leucadia will be permitted to designate a replacement Leucadia Nominee (which replacement Leucadia Nominee will also be subject
to the requirements of this <U>Section 2.2(c)</U>).</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(d)
Notwithstanding anything to the contrary contained herein, neither the Company nor the Board shall be under any obligation to
nominate or appoint to the Board, or solicit votes for, any person nominated by Leucadia as an Independent Designee pursuant to
<U>Section 2.2(b)</U> in the event that the Board reasonably determines that such individual (A) does not qualify as an &ldquo;independent
director&rdquo; of the Company under Rule 303A(2) of the NYSE Listed Company Manual, (B) is, or within the three years prior to
such time has been, a director, officer, or employee of the Company, Leucadia, Fortress Investment Group LLC, a Delaware limited
liability company, or any of their respective successors or its or their respective Subsidiaries, (C) is as of such time a director,
officer or employee of a hedge fund or an investment bank or (D) does not meet the requirements of clauses (i) through (iii) of
<U>Section 2.2(c)</U>. In the event a Person nominated by Leucadia as an Independent Designee is not nominated or appointed to
the Board as a result of a failure to satisfy any of the requirements described in clauses (A) through (D) of the immediately
preceding sentence, Leucadia will be permitted to designate a replacement Independent Designee (which replacement Independent
Designee will also be subject to the requirements of this <U>Section 2.2(d)</U>).</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in; color: #010000"><FONT STYLE="font-size: 10pt">(e)
For the avoidance of doubt, the appointment of the Directors of the Company at the Effective Time pursuant to and in accordance
with <U>Section 1.3(a)</U> of the Merger Agreement shall satisfy the obligations of the Company to be performed at the Effective
Time under this Section 2.2 with respect to the appointment of the Leucadia Nominee and the Independent Designee at the Closing
of the Merger.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in; color: #010000"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(f)
In the event (A) the Company separates all or any portion of its business by means of distributing shares of a new company (&ldquo;<U>NewCo</U>&rdquo;),
which NewCo&rsquo;s shares are or will be authorized for listing on a securities exchange, to existing Company shareholders or
by means of any other similar transaction, in each case pursuant to which existing Company shareholders will hold at the effective
time of such transaction 80% or more of NewCo and (B) as of immediately prior to the effective time of, and calculated after giving
pro forma effect to, such separation Leucadia has the right to designate the Leucadia Nominee pursuant to <U>Section 2.2(a)</U>
of this Agreement, then the Company shall, prior to or substantially contemporaneously with the consummation of such transaction,
cause NewCo to enter into a shareholders agreement with Leucadia providing for board representation and other rights and obligations
of each of NewCo and Leucadia that are substantially similar to those rights and obligations of the Company and</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: left"><FONT STYLE="font-size: 10pt">Leucadia
set forth in this Agreement that remain in effect at such time (including for the avoidance of doubt the rights and limitations
set forth in Section 2.2(a) of this Agreement).</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(g)
In the event (A) the Company enters into any merger, consolidation, recapitalization or other similar business combination transaction,
in each case pursuant to which (i) the Company is not the surviving entity or the Common Stock ceases to be listed on a securities
exchange and (ii) existing Company shareholders will hold 50% or more of the common stock of the surviving entity (or the surviving
entity&rsquo;s publicly traded ultimate parent entity) at the effective time of such transaction, and (B) as of immediately prior
to the effective time of such transaction Leucadia has the right to designate the Leucadia Nominee pursuant to <U>Section 2.2(a)
</U>of this Agreement (calculated for purposes of this <U>Section 2.2(g)</U> after giving pro forma effect to such transaction
and with the Leucadia Nominee Ownership Threshold being adjusted to be equal to (1) the Leucadia Nominee Ownership Threshold in
effect immediately prior to such merger, consolidation, recapitalization or other similar business combination transaction multiplied
by (2) the number of shares of the surviving entity into which each share of Common Stock will be converted in such merger, consolidation,
recapitalization or other similar business combination transaction), then immediately prior to the effective time of such transaction
the Company will, as a condition to the consummation of such merger, consolidation, recapitalization or other similar business
combination transaction, require the surviving entity (or the surviving entity&rsquo;s publicly traded ultimate parent entity)
to enter into a shareholders agreement (a &ldquo;<U>Replacement Shareholder Agreement</U>&rdquo;) with Leucadia providing for
board representation and other rights and obligations of each of the surviving entity and Leucadia that are substantially similar
to those rights and obligations of the Company and Leucadia set forth in this Agreement that remain in effect at such time (including
for the avoidance of doubt the rights and limitations set forth in <U>Section 2.2(a)</U> of this Agreement).&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt; color: #010000">Section
2.3&#9;</FONT><FONT STYLE="font-size: 10pt"><U>Confidentiality</U>. Leucadia shall be required to keep confidential all Confidential
Information entrusted to or obtained by Leucadia by reason of a Leucadia Nominee&rsquo;s position as a Director of the Company.
The Leucadia Nominee may, subject to and in compliance with applicable securities Laws, provide Confidential Information to any
director, officer or employee of Leucadia to the extent reasonably necessary (and to the extent such Person reasonably needs to
know such information) in connection with Leucadia&rsquo;s investment in the Company; <U>provided</U>, further, however, that
Leucadia shall cause any such recipient to comply with the provisions of this <U>Section 2.4</U> applicable to Leucadia, it being
understood that Leucadia shall be responsible for any breach of the provisions hereof by such recipient. Notwithstanding the foregoing,
the Leucadia Nominee, Leucadia, and any director, officer or employee of Leucadia who receives Confidential Information may disclose
any such Confidential Information to the extent required by applicable Law; <U>provided</U>, that, to the extent practicable and
legally permissible, the disclosing party (a) gives the Company reasonable notice of any such requirement so that the Company
may seek appropriate protective measures and (b) cooperates with the Company in attempting to obtain such protective measures.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt; color: #010000">Section
2.4&#9;</FONT><FONT STYLE="font-size: 10pt"><U>Securities Laws</U>. Leucadia acknowledges that it is aware, and will advise the
Leucadia Nominee and any other entity or Person who receives Confidential Information pursuant to <U>Section 2.3</U> or otherwise,
that applicable securities Laws prohibit any Person who has received material, non-public information from purchasing or selling
securities on the basis of</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: left"><FONT STYLE="font-size: 10pt">such
information or from communicating such information to any other Person unless in compliance with such Laws.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt; color: #010000">Section
2.5&#9;</FONT><FONT STYLE="font-size: 10pt"><U>Amended and Restated Halley Charter</U>. From and after the Effective Time, the
Company shall (i)(A) cooperate with Leucadia and keep Leucadia reasonably informed with regard to any potential transactions involving
a repurchase of shares (including by providing notice to Leucadia prior to any repurchase), and (B) not repurchase any shares
of capital stock of the Company, in each case, that could cause any &ldquo;Transfer&rdquo; of &ldquo;Leucadia Shares&rdquo; (as
such terms are defined in the Charter) prior to the &ldquo;Expiration Date&rdquo; (as defined in the Charter) pursuant to the
&ldquo;Leucadia Other Transfer Exceptions&rdquo; (as defined in the Charter) to result in an &ldquo;ownership change&rdquo; (within
the meaning of Section 382(g) of the Code) of the Company, and (ii) not repurchase any shares of capital stock of the Company
without taking such action, including under the authority granted to the Board under Section 13.3 of the Charter, to assure that
the number of shares of shares of capital stock that may be &ldquo;Transferred&rdquo; (as defined in the Charter) by Leucadia
under the &ldquo;Leucadia Exceptions&rdquo; (as defined in the Charter) is not reduced by reason of such repurchase.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><FONT STYLE="font-size: 10pt; text-transform: uppercase; color: #010000">Article
III</FONT><FONT STYLE="font-size: 10pt"><BR>
<BR>
LOCKUP</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt; color: #010000">Section
3.1&#9;</FONT><FONT STYLE="font-size: 10pt"><U>Leucadia Lockup</U>. From the Effective Time until the earlier of (i) a sale by
the Company and its Subsidiaries following the Effective Time of the majority of either (x) the Batteries Business or (y) the
Appliances Business or (ii) the twenty-four (24) month anniversary of the Effective Time (the &ldquo;<U>Lockup Period</U>&rdquo;),
Leucadia shall not, and shall cause its Affiliates not to, directly or indirectly, except to the extent permitted by the Charter,
sell, transfer, exchange, assign, liquidate, convey, pledge, abandon, distribute, contribute or otherwise dispose in a transaction
treated under Section 382 of the Code as a direct or indirect disposition or transfer (including the disposition of an ownership
interest in a Substantial Holder) any Equity Securities of the Company.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in; color: #010000"><FONT STYLE="font-size: 10pt; text-transform: uppercase">Article
IV</FONT><FONT STYLE="font-size: 10pt"><BR>
<BR>
<FONT STYLE="text-transform: uppercase">REPRESENTATIONS AND WARRANTIES</FONT></FONT></P>

<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in; color: #010000"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt; color: #010000">Section
4.1&#9;</FONT><FONT STYLE="font-size: 10pt"><U>Representations and Warranties of Leucadia</U>. Leucadia hereby represents and
warrants to the Company as of the date hereof and as of the Effective Time that:</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt; color: #010000">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-size: 10pt">Leucadia
is a corporation duly organized, validly existing and in good standing under the Laws of the State of New York. The execution,
delivery and performance by Leucadia of this Agreement and the consummation by Leucadia of the transactions contemplated hereby
are within the powers of Leucadia and have been duly authorized by all necessary action. This Agreement has been duly and validly
executed and delivered by Leucadia and assuming due execution and delivery by the Company, this Agreement constitutes a valid
and binding Agreement of Leucadia enforceable against it in accordance with its terms.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt; color: #010000">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-size: 10pt">The
execution, delivery and performance by Leucadia of this Agreement and the consummation of the transactions contemplated hereby
do not and will not (i) violate the certificate of formation or operating agreement of Leucadia or its Subsidiaries, (ii) violate
any applicable law, rule, regulation, judgment, injunction, order or decree, (iii) require any consent or other action by any
Person under, constitute a default under, or give rise to any right of termination, cancellation or acceleration or to a loss
of any benefit to which Leucadia or its Subsidiaries are entitled under any provision of any agreement or other instrument binding
on Leucadia or (iv) result in the imposition of any lien (other than pursuant to this Agreement) on any asset of Leucadia or any
of its Subsidiaries (including the Common Stock).</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt; color: #010000">Section
4.2&#9;</FONT><FONT STYLE="font-size: 10pt"><U>Representations and Warranties of the Company</U>. The Company hereby represents
and warrants to Leucadia and its Subsidiaries as of the date hereof and as of the Effective Time that:</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt; color: #010000">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-size: 10pt">The
Company is a corporation duly organized, validly existing and in good standing under the Laws of the State of Delaware. The execution,
delivery and performance by the Company of this Agreement and the consummation by the Company of the transactions contemplated
hereby are within the powers of the Company and have been duly authorized by all necessary action. This Agreement has been duly
and validly executed and delivered by the Company and assuming due execution and delivery by Leucadia, this Agreement constitutes
a valid and binding Agreement of the Company enforceable against it in accordance with its terms.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt; color: #010000">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-size: 10pt">The
execution, delivery and performance by the Company of this Agreement and the consummation of the transactions contemplated hereby
do not and will not (i) violate the certificate of formation or operating agreement of the Company or its Subsidiaries, (ii) materially
violate any applicable law, rule, regulation, judgment, injunction, order or decree, (iii) require any consent or other action
by any Person under, constitute a default under, or give rise to any right of termination, cancellation or acceleration or to
a loss of any benefit to which the Company or its Subsidiaries are entitled under any provision of any agreement or other instrument
binding on the Company or (iv) result in the imposition of any lien (other than pursuant to this Agreement) on any asset of the
Company or any of its Subsidiaries (including the Common Stock).</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><FONT STYLE="font-size: 10pt">ARTICLE
V<BR>
<BR>
MISCELLANEOUS</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt; color: #010000">Section
5.1&#9;</FONT><FONT STYLE="font-size: 10pt"><U>Effectiveness</U>. Other than with respect to <U>Sections 5.4</U> and <U>5.5</U>,
which shall be effective as of the date hereof, this Agreement will be effective as of the Effective Time and this Agreement will
automatically terminate and be null and void if the Merger Agreement is terminated prior to the Effective Time in accordance with
its terms.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt; color: #010000">Section
5.2&#9;</FONT><FONT STYLE="font-size: 10pt"><U>Notice</U>. All notices, requests, claims, demands and other communications under
this Agreement will be in writing and will be deemed given if delivered personally, sent via facsimile (receipt confirmed), sent
via email (receipt confirmed), sent by a nationally recognized overnight courier (providing proof of delivery), or mailed in the
United States by</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: left"><FONT STYLE="font-size: 10pt">certified
or registered mail, postage prepaid, to the Parties at the following addresses (or at such other address for any Party as may
be specified by like notice):</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 17.25pt"></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 17.25pt"><FONT STYLE="font-size: 10pt">If to the Company:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 17.25pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in"><FONT STYLE="font-size: 10pt">Spectrum Brands Holdings,
Inc.<BR>
3001 Deming Way<BR>
Middleton, WI 53562<BR>
Fax No.: (608) 288-7546<BR>
Email: nathan.fagre@spectrumbrands.com<BR>
Attention: Nathan E. Fagre</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 17.25pt"><FONT STYLE="font-size: 10pt">With a copy (which
will not constitute notice hereunder) to:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 17.25pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in"><FONT STYLE="font-size: 10pt">Kirkland &amp; Ellis
LLP<BR>
601 Lexington Avenue<BR>
New York, New York 10022<BR>
Fax No.: <FONT STYLE="background-color: white">(212)&nbsp;446-6460</FONT><BR>
Email: <U>sarkis.jebejian@kirkland.com</U>; <U>jonathan.davis@kirkland.com</U><BR>
Attention: Sarkis Jebejian, Esq.; Jonathan L. Davis, Esq.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in"><FONT STYLE="font-size: 10pt">and</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in"><FONT STYLE="font-size: 10pt; background-color: white">Cleary
Gottlieb Steen&nbsp;&amp; Hamilton LLP</FONT><FONT STYLE="font-size: 10pt"><BR>
<FONT STYLE="background-color: white">One Liberty Plaza</FONT><BR>
New York, NY 10006<BR>
Fax No.: (212)&nbsp;225-3999</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in"><FONT STYLE="font-size: 10pt">Email: <U>pshim@cgsh.com</U>;&nbsp;<U>jlangston@cgsh.com</U><BR>
<FONT STYLE="background-color: white">Attention: Paul J. Shim; James E. Langston</FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 17.25pt"><FONT STYLE="font-size: 10pt">If to Leucadia:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 17.25pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in"><FONT STYLE="font-size: 10pt">Leucadia National Corporation<BR>
520 Madison Avenue<BR>
New York, NY 10022<BR>
Fax No.: (646) 619-4974<BR>
Email: msharp@jefferies.com<BR>
Attention: Michael J. Sharp</FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt; color: #010000">Section
5.3&#9;</FONT><FONT STYLE="font-size: 10pt"><U>Enforcement</U>. The Parties agree that irreparable damage would occur and that
the Parties would not have any adequate remedy at law in the event that any of the provisions of this Agreement were not performed
in accordance with their specific terms or were otherwise breached by the other Party. It is accordingly agreed that each of the
Parties will be entitled to an injunction or injunctions to prevent breaches and/or threatened breaches of this Agreement and
to enforce specifically the terms and provisions of this Agreement, in each case without the necessity of providing any bond or
other security, in any federal court located in the State of Delaware or in Delaware state court, this being in addition to any
other remedy to which they are entitled at law or in equity.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt; color: #010000">Section
5.4&#9;</FONT><FONT STYLE="font-size: 10pt"><U>Entire Agreement; No Third Party Beneficiaries</U>. This Agreement constitutes
the entire agreement among the Parties with respect to the subject matter hereof and supersedes all prior agreements and understandings,
both written and oral, between the Parties with respect to the subject matter hereof. This Agreement will be binding upon and
inure solely to the benefit of each Party and its successors and permitted assigns. Except as set forth in the immediately preceding
sentence, nothing in this Agreement, express or implied, is intended to or will confer upon any Person that is not a Party (other
than Spectrum and its successors and assigns) any rights, benefits or remedies hereunder. Notwithstanding the foregoing, the parties
hereto agree that Spectrum shall be an express third party beneficiary of this Agreement and, without limiting the generality
of the foregoing, shall have the right to enforce this Agreement directly against the Parties hereto.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt; color: #010000">Section
5.5&#9;</FONT><FONT STYLE="font-size: 10pt"><U>Amendments; Waiver</U>. No provision of this Agreement may be amended or waived
unless (a) in the case of any amendment or waiver prior to the Effective Time, Spectrum has provided its prior written consent
thereto and (b)&nbsp;such amendment or waiver is in writing and signed, in the case of an amendment, by the Parties, or in the
case of a waiver, by the Party against whom the waiver is to be effective. No failure or delay by any Party in exercising any
right, power or privilege hereunder shall operate as a waiver thereof nor shall any single or partial exercise thereof preclude
any other or further exercise thereof or the exercise of any other right, power or privilege. The rights and remedies herein provided
shall be cumulative and not exclusive of any rights or remedies provided by applicable Law.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt; color: #010000">Section
5.6&#9;</FONT><FONT STYLE="font-size: 10pt"><U>Assignment</U>. Neither this Agreement nor any of the rights, interests or obligations
under this Agreement may be assigned, in whole or in part, by either Party without the prior written consent of the other Party.
Any assignment in violation of the preceding sentence will be void. Subject to the preceding two sentences, this Agreement will
be binding upon, inure to the benefit of, and be enforceable by, the Parties and their respective successors and assigns. This
<U>Section 5.6</U> shall not be deemed to prevent the Company from engaging in any merger, consolidation or other business combination
transaction. For the avoidance of doubt, no transferee of Equity Securities of the Company shall acquire any rights under, or
be deemed to have the benefit of, any of the provisions contained in this Agreement.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt; color: #010000">Section
5.7&#9;</FONT><FONT STYLE="font-size: 10pt"><U>Governing Law</U>. This Agreement and any claim, controversy or dispute arising
under or related thereto, the relationship of the Parties, and/or the interpretation and enforcement of the rights and duties
of the Parties, whether arising at law or in equity, in contract, tort or otherwise, will be governed by, and construed and interpreted
in accordance with, the laws of the State of Delaware, without regard to its rules regarding conflicts of law to the extent that
the application of the laws of another jurisdiction would be required thereby.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt; color: #010000">Section
5.8&#9;</FONT><FONT STYLE="font-size: 10pt"><U>Interpretation</U>. Unless otherwise expressly provided, for the purposes of this
Agreement, the following rules of interpretation shall apply:</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt; color: #010000">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-size: 10pt">The
article and section headings contained in this Agreement are for convenience of reference only and will not affect in any way
the meaning or interpretation hereof.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt; color: #010000">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-size: 10pt">When
a reference is made in this Agreement to an article or a section, paragraph, such reference will be to an article or a section,
paragraph hereof unless otherwise clearly indicated to the contrary.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt; color: #010000">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-size: 10pt">Unless
it would be duplicative, whenever the words &ldquo;include,&rdquo; &ldquo;includes&rdquo; or &ldquo;including&rdquo; are used
in this Agreement, they will be deemed to be followed by the words &ldquo;without limitation.&rdquo;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt; color: #010000">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-size: 10pt">The
words &ldquo;hereof,&rdquo; &ldquo;herein&rdquo; and &ldquo;herewith&rdquo; and words of similar import will, unless otherwise
stated, be construed to refer to this Agreement as a whole and not to any particular provision of this Agreement.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt; color: #010000">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-size: 10pt">The
word &ldquo;extent&rdquo; in the phrase &ldquo;to the extent&rdquo; will mean the degree to which a subject or other thing extends,
and such phrase will not mean simply &ldquo;if.&rdquo;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt; color: #010000">(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-size: 10pt">The
meaning assigned to each term defined herein will be equally applicable to both the singular and the plural forms of such term,
and words denoting any gender will include all genders. Where a word or phrase is defined herein, each of its other grammatical
forms will have a corresponding meaning.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt; color: #010000">(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-size: 10pt">A
reference to any period of days will be deemed to be to the relevant number of calendar days, unless otherwise specified.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt; color: #010000">(h)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-size: 10pt">All
terms defined in this Agreement will have the defined meanings when used in any certificate or other document made or delivered
pursuant hereto unless otherwise defined therein.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt; color: #010000">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-size: 10pt">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 will be construed as if drafted jointly by the Parties, and no presumption or
burden of proof will arise favoring or disfavoring any Party by virtue of the authorship of any provisions hereof.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt; color: #010000">(j)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-size: 10pt">Any
statute or rule defined or referred to herein or in any agreement or instrument that is referred to herein means such statute
or rule as from time to time amended, modified or supplemented, including by succession of comparable successor statutes or rules
and references to all attachments thereto and instruments incorporated therein.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt; color: #010000">Section
5.9&#9;</FONT><FONT STYLE="font-size: 10pt"><U>Consent to Jurisdiction</U>. Each of the Parties agrees that any legal action or
proceeding with respect to this Agreement, or for recognition and enforcement of any judgment in respect of this Agreement and
obligations arising hereunder brought by any other Party or its successors or assigns, will be brought and determined exclusively
in the Delaware Court of Chancery and any state appellate court therefrom within the State of Delaware (or, if the Delaware Court
of Chancery declines to accept jurisdiction over a particular matter, any state or federal court within the State of Delaware).
Each of the Parties hereby irrevocably submits with regard to any such action or proceeding for itself and in respect of its property,
generally and unconditionally, to the personal jurisdiction of the aforesaid courts and agrees that it will not bring any action
relating to this Agreement in any court other than the aforesaid courts. Each of</FONT></P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: left"><FONT STYLE="font-size: 10pt">the
Parties hereby irrevocably waives, and agrees not to assert, by way of motion, as a defense, counterclaim or otherwise, in any
action or proceeding with respect to this Agreement (a) any claim that it is not personally subject to the jurisdiction of the
above-named courts for any reason other than the failure to serve in accordance with this <U>Section 5.9</U>, (b) any claim that
it or its property is exempt or immune from jurisdiction of any such court or from any legal process commenced in such courts
(whether through service of notice, attachment prior to judgment, attachment in aid of execution of judgment, execution of judgment
or otherwise), and (c) to the fullest extent permitted by the applicable law, any claim that (i) the suit, action or proceeding
in such court is brought in an inconvenient forum, (ii) the venue of such suit, action or proceeding is improper, or (iii) this
Agreement or the subject matter hereof, may not be enforced in or by such courts.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt; color: #010000">Section
5.10&#9;</FONT><FONT STYLE="font-size: 10pt"><U>Waiver of Jury Trial</U>. EACH OF THE PARTIES HEREBY IRREVOCABLY WAIVES ALL RIGHT
TO TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM (WHETHER BASED ON CONTRACT, TORT OR OTHERWISE) ARISING OUT OF OR RELATING
TO THIS AGREEMENT, THE TRANSACTIONS CONTEMPLATED HEREBY OR THE ACTIONS OF ANY OF THE PARTIES IN THE NEGOTIATION, ADMINISTRATION,
PERFORMANCE AND ENFORCEMENT OF THIS AGREEMENT.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt; color: #010000">Section
5.11&#9;</FONT><FONT STYLE="font-size: 10pt"><U>Severability</U>. If any term or other provision of this Agreement is held to
be invalid, illegal or incapable of being enforced by any rule of law or public policy by a court of competent jurisdiction, all
other conditions and provisions of this Agreement will nevertheless remain in full force and effect, insofar as the foregoing
can be accomplished without materially affecting the economic benefits anticipated by the Parties. Upon such determination that
any term or other provision is invalid, illegal or incapable of being enforced, the Parties will negotiate in good faith to modify
this Agreement so as to effect the original intent of the Parties as closely as possible to the fullest extent permitted by applicable
law in an acceptable manner to the end that the transactions contemplated by this Agreement are fulfilled to the extent possible.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt; color: #010000">Section
5.12&#9;</FONT><FONT STYLE="font-size: 10pt"><U>Headings</U>. The descriptive headings contained in this Agreement are for reference
purposes only and will not affect in any way the meaning or interpretation of this Agreement.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt; color: #010000">Section
5.13&#9;</FONT><FONT STYLE="font-size: 10pt"><U>Counterparts</U>. This Agreement may be executed in two or more counterparts,
each of which when executed will be deemed to be an original, and all of which together will be considered one and the same agreement
and will become effective when one or more counterparts have been signed by each of the Parties and delivered to the other Parties.
For purposes of this Agreement, facsimile signatures or signatures by other electronic form of transfer will be deemed originals,
and the Parties agree to exchange original signatures as promptly as possible.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

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of Page Intentionally Left Blank.</I>]</FONT></P>

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

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

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">IN
WITNESS WHEREOF, the Parties have caused this Agreement to be duly executed and delivered as of the day and year first above written.</FONT></P>

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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR>
    <TD>&nbsp;</TD>
    <TD COLSPAN="3"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="3"><FONT STYLE="font-size: 10pt">LEUCADIA NATIONAL CORPORATION</FONT></TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; border-bottom: black 1pt solid">/s/  Michael J. Sharp</TD></TR>
<TR>
    <TD STYLE="width: 60%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 4%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 4%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 32%"><FONT STYLE="font-size: 10pt">Name: Michael J. Sharp</FONT></TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 10pt">Title: Executive Vice President and General Counsel</FONT></TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD COLSPAN="3"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="3"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD COLSPAN="3"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="3"><FONT STYLE="font-size: 10pt">HRG GROUP, INC.</FONT></TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; border-bottom: black 1pt solid">/s/  Joseph Steinberg</TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 10pt">Name: Joseph Steinberg</FONT></TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 10pt">Title: Chairman</FONT></TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD COLSPAN="3"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
</TABLE>

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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>9
<FILENAME>dp87180_ex9901.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
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<P STYLE="margin: 0; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Exhibit 99.1</B></FONT></P>

<P STYLE="margin: 0">&nbsp;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>FOR
IMMEDIATE RELEASE</B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="width: 50%">&nbsp;<IMG SRC="image_001.jpg" ALT="" STYLE="height: 24.75pt; width: 90.75pt"></TD>
    <TD STYLE="width: 50%; text-align: right">&nbsp;<IMG SRC="image_002.jpg" ALT=""></TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 51.8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><BR STYLE="clear: both"></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 51.8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Spectrum
Brands Holdings to Combine with HRG Group in Transaction Valued at $10 Billion</B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><I>Spectrum
Brands to Become Independent Company with Widely Distributed Shareholder Base</I></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><I>Combined
Company Well Positioned to Advance Strategy as Faster-Growing, </I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><I>Higher-Margin,
More Focused Consumer Brands Business</I></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><I>Spectrum
Brands Management Team to Continue in Current Roles</I></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">MIDDLETON,
WI and NEW YORK, February 26, 2018 &ndash; Spectrum Brands Holdings, Inc. (NYSE: SPB) (&ldquo;Spectrum Brands&rdquo;), a global
consumer products company offering a portfolio of leading brands providing superior value to consumers and customers every day,
and HRG Group, Inc. (NYSE: HRG) (&quot;HRG&quot;), a holding company with shares of Spectrum Brands as its principal holding,
today announced that they have entered into a definitive merger agreement pursuant to which Spectrum Brands will combine with
HRG. As a result, HRG's shareholders will effectively hold HRG&rsquo;s interests in Spectrum Brands directly following the combination.
The transaction has been unanimously recommended by the Special Committee of independent directors of the Spectrum Brands Board
of Directors (the &ldquo;Special Committee&rdquo;), and was also approved by the Spectrum Brands and HRG boards.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Under
the terms of the agreement, immediately prior to closing, HRG will effect a reverse stock split such that HRG shareholders receive
in the aggregate a number of shares of the combined company equal to the number of shares of Spectrum Brands currently held by
HRG, subject to certain adjustments to account for HRG&rsquo;s net debt and transaction costs as well as a $200 million upward
adjustment. The $200 million upward adjustment takes into account that the combination transforms Spectrum Brands into an independent
public company with no controlling shareholder and a widely held shareholder base as well as certain favorable tax attributes
of HRG. Upon closing, Spectrum Brands shareholders will receive one newly issued share of the combined company for each share
of Spectrum Brands that they owned prior to the combination. The transaction is expected to be tax free to Spectrum Brands and
Spectrum Brands shareholders, and to HRG and HRG shareholders.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Following
the transaction, the current Spectrum Brands management team will lead the combined company. In addition, HRG&rsquo;s board will
be replaced by the Spectrum Brands board. Ehsan Zargar will resign from the Spectrum Brands board and will be replaced by an independent
director to be selected by Leucadia National Corporation (&ldquo;Leucadia&rdquo;), HRG&rsquo;s largest shareholder. Leucadia also
has an ongoing right to designate one director, so long as it owns at least 10% of the number of combined company&rsquo;s shares
issued and outstanding as of the closing, which is initially expected to be the current Spectrum Brands&rsquo; director and Leucadia&rsquo;s
Chairman, Joseph Steinberg. Pro forma for the reverse stock split, the merger and the adjustments described above, Leucadia is
expected to hold approximately 13% of the combined company and another 45% of the combined company is expected to be widely held
by HRG&rsquo;s legacy stockholders. Such ownership percentages assume approximately $324 million of HRG&rsquo;s net debt at closing
and are based on the number of shares outstanding and market prices as of February 22, 2018 (but are subject to adjustment for
HRG's actual amount of net debt, transaction costs and outstanding shares at closing).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&ldquo;We
are pleased to have reached this mutually-beneficial agreement with HRG,&rdquo; said Terry Polistina, Chairman of the Special
Committee of Spectrum Brands. &ldquo;Under this new ownership structure, Spectrum Brands will be an independent company with a
widely distributed shareholder base and improved governance structure. We believe this transaction will deliver substantial value
to all Spectrum Brands shareholders, including the company&rsquo;s minority shareholders, and we look forward to the current Spectrum
Brands&rsquo; management team advancing our growth and success.&quot;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&ldquo;I
want to thank the special committee for their work in negotiating this transaction with HRG, which will result in an independent
company with meaningfully increased trading liquidity in our common stock,&rdquo; said David Maura, Executive Chairman of Spectrum
Brands. &ldquo;Spectrum Brands is making substantial progress in its ongoing, rapid transformation, including the planned reallocation
of approximately $3.6 billion of gross capital. We are excited to emerge as a faster-growing, higher-margin company with a meaningfully
stronger balance sheet and the flexibility to strategically redeploy a large amount of capital through share repurchases and highly
accretive acquisitions, as opportunities present themselves. We remain poised to deliver stronger organic growth across our organization
and build upon our near 10-year track record of serving our investors with exceptional shareholder value creation. We have come
a long way over the last decade, and the team couldn&rsquo;t be more excited about the future of Spectrum Brands and our ability
to serve our customers, employees and our stakeholders like never before.&rdquo;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&ldquo;We
believe this agreement represents a constructive outcome for Spectrum Brands, HRG and all shareholders,&rdquo; said Joseph Steinberg,
Chairman of the Board and Chief Executive Officer of HRG. &ldquo;The transaction advances the wind down of the HRG parent company
and eliminates its overhead. Importantly, the combination with Spectrum Brands provides our shareholders with the ability to participate
in the upside potential of the combined company.&rdquo;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&ldquo;With
this transaction, we are unlocking value for HRG shareholders and providing them with enhanced liquidity going forward. We want
to express our sincere gratitude to the HRG board and our employees, both past and present, for all of their contributions to
the success of HRG. Since 2011, their talent and dedication helped build strong businesses, and enabled HRG to deliver maximum
value to our shareholders,&rdquo; said Ehsan Zargar, Executive Vice President, Chief Operating Officer, General Counsel and Corporate
Secretary of HRG.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Timeframe
to Completion</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
transaction is expected to close by the end of the second calendar quarter of 2018. Closing of the transaction remains subject
to the satisfaction of customary closing conditions, including the approval of both the holders of a majority of Spectrum Brands&rsquo;
outstanding shares and the holders of the majority of such shares held by persons other than HRG and its affiliates and the executive
officers of Spectrum Brands. Closing is also subject to the approval of a majority of HRG&rsquo;s outstanding shares. HRG has
entered into a voting agreement with respect to the Spectrum Brands vote. Leucadia and Fortress Investment Group, which together
own approximately 40% of HRG&rsquo;s common shares, enthusiastically support the transactions and have entered into customary
voting agreements to vote their shares of HRG in favor of the transaction. The parties do not anticipate needing any regulatory
approvals in connection with the transaction.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
combined company will be named Spectrum Brands Holdings, Inc. and will trade under the ticker &quot;SPB.&quot; The company will
remain headquartered in Middleton, Wisconsin.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Other
Transaction Terms</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Spectrum
Brands&rsquo; board has approved a short-term shareholder rights plan, effective today. The plan is intended to ensure that the
Spectrum Brands board can protect all shareholder interests as it executes the changes announced today by preserving the value
of the combined company&rsquo;s substantial net operating and capital loss carryforwards. The plan is not intended to prevent
any action that the Spectrum Brands board determines to be in the best interests of the company.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">HRG&rsquo;s
board has approved a shareholder rights plan, effective today. The plan is intended to ensure that the HRG board can protect all
shareholder interests as it executes the changes announced today by preserving the value of the combined company&rsquo;s substantial
net operating and capital loss carryforwards. The plan is not intended to prevent any action that the HRG board determines to
be in the best interests of the company.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Batteries
and Appliances Sale Processes</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
combination with HRG will not have an impact on the previously announced pending sale of Spectrum Brands&rsquo; global battery
business to Energizer Holdings, Inc. It will also not have an impact on Spectrum Brands&rsquo; previously announced exploration
of alternatives for its appliances business, which has received strong interest from potential buyers with an expected agreement
and closing by the end of fiscal year 2018. In total, Spectrum Brands expects to receive $3.6-$3.7 billion in gross proceeds,
including $2 billion from the sale of Spectrum Brands&rsquo; global battery business and $1.6-$1.7 billion from the sale of its
appliances business.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Advisors</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Moelis
&amp; Company LLC is serving as financial advisor to the Special Committee and Kirkland &amp; Ellis LLP and Cleary Gottlieb Steen
&amp; Hamilton LLP are serving as its legal advisors.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">J.P.
Morgan Securities LLC and Jefferies LLC are serving as financial advisors to HRG and Davis Polk &amp; Wardwell LLP is serving
as its legal advisor.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>About
Spectrum Brands Holdings, Inc.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Spectrum
Brands Holdings, a member of the Russell 1000 Index, is a global and diversified consumer products company and a leading supplier
of consumer batteries, residential locksets, residential builders&rsquo; hardware, plumbing, shaving and grooming products, personal
care products, small household appliances, specialty pet supplies, lawn and garden and home pest control products, personal insect
repellents, and auto care products. Helping to meet the needs of consumers worldwide, our Company offers a broad portfolio of
market-leading, well-known and widely trusted brands including Rayovac&reg;, VARTA&reg;, Kwikset&reg;, Weiser&reg;, Baldwin&reg;,
National Hardware&reg;, Pfister&reg;, Remington&reg;, George Foreman&reg;, Black + Decker&reg;, Tetra&reg;, Marineland&reg;, Nature&rsquo;s
Miracle&reg;, Dingo&reg;, 8-in-1&reg;, FURminator&reg;, IAMS&reg; and Eukanuba&reg; (Europe only), Healthy-Hide&reg;, Digest-eeze&trade;,
Littermaid&reg;, Spectracide&reg;, Cutter&reg;, Repel&reg;, Hot Shot&reg;, Black Flag&reg;, Liquid Fence&reg;, Armor All&reg;,
STP&reg; and A/C PRO&reg;. Spectrum Brands' products are sold in approximately 160 countries. For more information, visit <U>www.spectrumbrands.com</U>.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>About
HRG Group, Inc.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">HRG
Group, Inc. is a holding company that conducts its operations through its operating subsidiaries. As of December 31, 2017, the
Company's principal operating subsidiary was Spectrum Brands, a global branded consumer products company. HRG is headquartered
in New York and traded on the New York Stock Exchange under the symbol HRG. For more information on HRG, visit: www.HRGgroup.com.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Additional
Information and Where You Can Find It</B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">In
connection with the proposed transaction, Spectrum Brands and HRG will file with the Securities and Exchange Commission (the &ldquo;SEC&rdquo;)
a registration statement on Form S-4 that will include a joint proxy statement of Spectrum Brands and HRG and that also will constitute
a prospectus for the HRG shares being issued to Spectrum Brands&rsquo; stockholders in the proposed transaction. Spectrum Brands
and HRG also may file other documents with the SEC regarding the proposed transaction. This press release is not a substitute
for the joint proxy statement/prospectus or registration statement or any other document which Spectrum Brands and HRG may file
with the SEC. INVESTORS AND SECURITY HOLDERS OF SPECTRUM BRANDS AND HRG ARE URGED TO READ THE REGISTRATION STATEMENT, THE JOINT
PROXY STATEMENT/PROSPECTUS AND ANY OTHER RELEVANT DOCUMENTS THAT ARE FILED OR WILL BE FILED WITH THE SEC, AS WELL AS ANY AMENDMENTS
OR SUPPLEMENTS TO THESE DOCUMENTS, CAREFULLY AND IN THEIR ENTIRETY BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION
ABOUT THE PROPOSED TRANSACTION AND RELATED MATTERS. Investors and security holders may obtain free copies of the registration
statement and the joint proxy statement/prospectus (when available) and other documents filed with the SEC by Spectrum</FONT></P>

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


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Brands
and HRG through the web site maintained by the SEC at www.sec.gov or by contacting the investor relations department of Spectrum
Brands and HRG at the contact information listed below.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">This
press release is for informational purposes only and shall not constitute an offer to sell or the solicitation of an offer to
buy any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would
be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction. This press release
is not a substitute for the prospectus or any other document that Spectrum Brands and HRG may file with the SEC in connection
with the proposed transaction. No offering of securities shall be made, except by means of a prospectus meeting the requirements
of Section 10 of the Securities Act of 1933, as amended.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Participants
in the Solicitation</B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Spectrum
Brands, HRG and their respective directors and executive officers may be deemed to be participants in the solicitation of proxies
in respect of the proposed transaction. Information regarding Spectrum Brands&rsquo; directors and executive officers, including
a description of their direct interests, by security holdings or otherwise, is contained in Spectrum Brands&rsquo; Form 10-K for
the year ended September 30, 2017, as amended, which is on file with the SEC. Information regarding HRG&rsquo;s directors and
executive officers, including a description of their direct interests, by security holdings or otherwise, is contained in HRG&rsquo;s
Form 10-K for the year ended September 30, 2017, which is filed with the SEC. A more complete description will be available in
the registration statement on Form S-4 and the joint proxy statement/prospectus.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Forward-Looking
Statements</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&#65279;</B>Certain
matters discussed in this press release may be forward-looking statements within the meaning of the Private Securities Litigation
Reform Act of 1995. We have tried, whenever possible, to identify these statements by using words like &ldquo;future,&rdquo; &ldquo;anticipate,&rdquo;
&ldquo;intend,&rdquo; &ldquo;plan,&rdquo; &ldquo;estimate,&rdquo; &ldquo;believe,&rdquo; &ldquo;expect,&rdquo; &ldquo;project,&rdquo;
&ldquo;forecast,&rdquo; &ldquo;could,&rdquo; &ldquo;would,&rdquo; &ldquo;should,&rdquo; &ldquo;will,&rdquo; &ldquo;may,&rdquo;
and similar expressions of future intent or the negative of such terms. These statements are subject to a number of risks and
uncertainties that could cause results to differ materially from those anticipated as of the date of this release.&nbsp;Actual
results may differ materially as a result of (1) the ability to consummate the announced transaction on the expected terms and
within the anticipated time period, or at all, which is dependent on the parties&rsquo; ability to satisfy certain closing conditions,
including the required shareholder approvals; (2) any delay or inability of the combined company to realize the expected benefits
of the transaction; (3) changes in tax laws, regulations, rates, policies or interpretations; (4) the value of the combined company
shares to be issued in the transaction; (5) the risk of unexpected significant transaction costs and/or unknown liabilities; (6)
potential litigation relating to the proposed transaction; (7) the outcome of Spectrum Brands&rsquo; previously announced transaction
to sell the Global Battery and Lighting Business and exploration of strategic options for Spectrum Brands&rsquo; Appliances business,
including uncertainty regarding consummation of any such transaction or transactions and the terms of such transaction or transactions,
if any, and, if consummated, Spectrum Brands&rsquo; ability to realize the expected benefits of such transaction; (8) the impact
of actions taken by significant stockholders; (9) the impact of expenses resulting from the implementation of new business strategies,
divestitures or current and proposed restructuring activities; (10) the potential disruption to Spectrum Brands&rsquo; or HRG&rsquo;s
business or diverted management attention, and the unanticipated loss of key members of senior management or other employees,
in each case as a result of the announced transaction, the previously announced transaction to sell Spectrum Brands&rsquo; Global
Battery and Lighting Business, in connection with the strategic options for Spectrum Brands&rsquo; Appliances business or otherwise;
and (11) general economic and business conditions that affect the combined company following the transaction. Risks that could
cause actual risks to differ from those anticipated as of the date hereof include those discussed herein, those set forth in the
combined securities filings of Spectrum Brands and SB/RH Holdings, LLC, including their most recently filed Annual Report on Form
10-K, and those set forth in the securities filings of HRG, including its most recently filed Annual Report on Form 10-K.</FONT></P>

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


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Spectrum
Brands also cautions the reader that undue reliance should not be placed on any forward-looking statements, which speak only as
of the date of this release.&nbsp;Spectrum Brands undertakes no duty or responsibility to update any of these forward-looking
statements to reflect events or circumstances after the date of this report or to reflect actual outcomes.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Spectrum
Brands Holdings, Inc.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Investor/Media
Contact:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Dave
Prichard</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">608-278-6141</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Jonathan
Keehner / Adam Pollack</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Joele
Frank, Wilkinson Brimmer Katcher</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">212-355-4449</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>HRG
Group, Inc.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Tel:
212.906.8555</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Email:
<U>investorrelations@HRGgroup.com</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>


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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
