<SEC-DOCUMENT>0001539497-25-000841.txt : 20250305
<SEC-HEADER>0001539497-25-000841.hdr.sgml : 20250305
<ACCEPTANCE-DATETIME>20250305170024
ACCESSION NUMBER:		0001539497-25-000841
CONFORMED SUBMISSION TYPE:	SCHEDULE 13D/A
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20250305
DATE AS OF CHANGE:		20250305

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			DAKTRONICS INC /SD/
		CENTRAL INDEX KEY:			0000915779
		STANDARD INDUSTRIAL CLASSIFICATION:	MISCELLANEOUS MANUFACTURING INDUSTRIES [3990]
		ORGANIZATION NAME:           	04 Manufacturing
		IRS NUMBER:				460306862
		STATE OF INCORPORATION:			SD
		FISCAL YEAR END:			0426

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13D/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-45102
		FILM NUMBER:		25712204

	BUSINESS ADDRESS:	
		STREET 1:		PO BOX 5128
		STREET 2:		201 DAKTRONICS DRIVE
		CITY:			BROOKINGS
		STATE:			SD
		ZIP:			57006
		BUSINESS PHONE:		6056974000

	MAIL ADDRESS:	
		STREET 1:		P O BOX 5128
		CITY:			BROOKINGS
		STATE:			SD
		ZIP:			57006

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Alta Fox Opportunities Fund, LP
		CENTRAL INDEX KEY:			0001734916
		ORGANIZATION NAME:           	
		IRS NUMBER:				824336568
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13D/A

	BUSINESS ADDRESS:	
		STREET 1:		1751 RIVER RUN
		STREET 2:		SUITE 400
		CITY:			FORT WORTH
		STATE:			TX
		ZIP:			76107
		BUSINESS PHONE:		817-350-4230

	MAIL ADDRESS:	
		STREET 1:		1751 RIVER RUN
		STREET 2:		SUITE 400
		CITY:			FORT WORTH
		STATE:			TX
		ZIP:			76107
</SEC-HEADER>
<DOCUMENT>
<TYPE>SCHEDULE 13D/A
<SEQUENCE>1
<FILENAME>primary_doc.xml
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    <submissionType>SCHEDULE 13D/A</submissionType>
    <previousAccessionNumber>0001539497-24-002619</previousAccessionNumber>
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      <filer>
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          <cik>0001734916</cik>
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      <liveTestFlag>LIVE</liveTestFlag>


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    <coverPageHeader>
      <amendmentNo>2</amendmentNo>
      <securitiesClassTitle>Common Stock, no par value</securitiesClassTitle>
      <dateOfEvent>03/03/2025</dateOfEvent>
      <previouslyFiledFlag>false</previouslyFiledFlag>
      <issuerInfo>
        <issuerCIK>0000915779</issuerCIK>
        <issuerCUSIP>234264109</issuerCUSIP>
        <issuerName>DAKTRONICS INC /SD/</issuerName>
        <address>
          <com:street1>PO BOX 5128</com:street1>
          <com:street2>201 DAKTRONICS DRIVE</com:street2>
          <com:city>BROOKINGS</com:city>
          <com:stateOrCountry>SD</com:stateOrCountry>
          <com:zipCode>57006</com:zipCode>
        </address>
      </issuerInfo>
      <authorizedPersons>
        <notificationInfo>
          <personName>CONNOR HALEY</personName>
          <personPhoneNum>(817) 639-2369</personPhoneNum>
          <personAddress>
            <com:street1>ALTA FOX CAPITAL MANAGEMENT, LLC</com:street1>
            <com:street2>640 Taylor Street, Ste. 2522</com:street2>
            <com:city>Fort Worth</com:city>
            <com:stateOrCountry>TX</com:stateOrCountry>
            <com:zipCode>76102</com:zipCode>
          </personAddress>
        </notificationInfo>
        <notificationInfo>
          <personName>SEBASTIAN ALSHEIMER, ESQ.</personName>
          <personPhoneNum>(212) 999-5800</personPhoneNum>
          <personAddress>
            <com:street1>WILSON SONSINI GOODRICH &amp; ROSATI</com:street1>
            <com:street2>1301 Avenue of the Americas</com:street2>
            <com:city>New York</com:city>
            <com:stateOrCountry>NY</com:stateOrCountry>
            <com:zipCode>10019</com:zipCode>
          </personAddress>
        </notificationInfo>
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      <reportingPersonInfo>
        <reportingPersonCIK>0001734916</reportingPersonCIK>
        <reportingPersonNoCIK>N</reportingPersonNoCIK>
        <reportingPersonName>ALTA FOX OPPORTUNITIES FUND, LP</reportingPersonName>
        <fundType>WC</fundType>
        <legalProceedings>N</legalProceedings>
        <citizenshipOrOrganization>DE</citizenshipOrOrganization>
        <soleVotingPower>0.00</soleVotingPower>
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        <aggregateAmountOwned>5973599.00</aggregateAmountOwned>
        <isAggregateExcludeShares>N</isAggregateExcludeShares>
        <percentOfClass>11.7</percentOfClass>
        <typeOfReportingPerson>PN</typeOfReportingPerson>
        <commentContent>Note to rows (8)(10)(11)(13): Includes 680,563 Shares currently issuable upon the conversion of certain Convertible Notes (as defined in the Schedule 13D).</commentContent>
      </reportingPersonInfo>
      <reportingPersonInfo>
        <reportingPersonNoCIK>Y</reportingPersonNoCIK>
        <reportingPersonName>ALTA FOX GENPAR, LP</reportingPersonName>
        <fundType>OO</fundType>
        <legalProceedings>N</legalProceedings>
        <citizenshipOrOrganization>DE</citizenshipOrOrganization>
        <soleVotingPower>0.00</soleVotingPower>
        <sharedVotingPower>5973599.00</sharedVotingPower>
        <soleDispositivePower>0.00</soleDispositivePower>
        <sharedDispositivePower>5973599.00</sharedDispositivePower>
        <aggregateAmountOwned>5973599.00</aggregateAmountOwned>
        <isAggregateExcludeShares>N</isAggregateExcludeShares>
        <percentOfClass>11.7</percentOfClass>
        <typeOfReportingPerson>PN</typeOfReportingPerson>
        <commentContent>Note to rows (8)(10)(11)(13): Includes 680,563 Shares currently issuable upon the conversion of certain Convertible Notes.</commentContent>
      </reportingPersonInfo>
      <reportingPersonInfo>
        <reportingPersonNoCIK>Y</reportingPersonNoCIK>
        <reportingPersonName>ALTA FOX EQUITY, LLC</reportingPersonName>
        <fundType>OO</fundType>
        <legalProceedings>N</legalProceedings>
        <citizenshipOrOrganization>DE</citizenshipOrOrganization>
        <soleVotingPower>0.00</soleVotingPower>
        <sharedVotingPower>5973599.00</sharedVotingPower>
        <soleDispositivePower>0.00</soleDispositivePower>
        <sharedDispositivePower>5973599.00</sharedDispositivePower>
        <aggregateAmountOwned>5973599.00</aggregateAmountOwned>
        <isAggregateExcludeShares>N</isAggregateExcludeShares>
        <percentOfClass>11.7</percentOfClass>
        <typeOfReportingPerson>OO</typeOfReportingPerson>
        <commentContent>Note to rows (8)(10)(11)(13): Includes 680,563 Shares currently issuable upon the conversion of certain Convertible Notes.</commentContent>
      </reportingPersonInfo>
      <reportingPersonInfo>
        <reportingPersonNoCIK>Y</reportingPersonNoCIK>
        <reportingPersonName>ALTA FOX CAPITAL MANAGEMENT, LLC</reportingPersonName>
        <fundType>OO</fundType>
        <legalProceedings>N</legalProceedings>
        <citizenshipOrOrganization>TX</citizenshipOrOrganization>
        <soleVotingPower>0.00</soleVotingPower>
        <sharedVotingPower>5973599.00</sharedVotingPower>
        <soleDispositivePower>0.00</soleDispositivePower>
        <sharedDispositivePower>5973599.00</sharedDispositivePower>
        <aggregateAmountOwned>5973599.00</aggregateAmountOwned>
        <isAggregateExcludeShares>N</isAggregateExcludeShares>
        <percentOfClass>11.7</percentOfClass>
        <typeOfReportingPerson>OO</typeOfReportingPerson>
        <commentContent>Note to rows (8)(10)(11)(13): Includes 680,563 Shares currently issuable upon the conversion of certain Convertible Notes.</commentContent>
      </reportingPersonInfo>
      <reportingPersonInfo>
        <reportingPersonNoCIK>Y</reportingPersonNoCIK>
        <reportingPersonName>P. CONNOR HALEY</reportingPersonName>
        <fundType>OO</fundType>
        <legalProceedings>N</legalProceedings>
        <citizenshipOrOrganization>X1</citizenshipOrOrganization>
        <soleVotingPower>0.00</soleVotingPower>
        <sharedVotingPower>5973599.00</sharedVotingPower>
        <soleDispositivePower>0.00</soleDispositivePower>
        <sharedDispositivePower>5973599.00</sharedDispositivePower>
        <aggregateAmountOwned>5973599.00</aggregateAmountOwned>
        <isAggregateExcludeShares>N</isAggregateExcludeShares>
        <percentOfClass>11.7</percentOfClass>
        <typeOfReportingPerson>IN</typeOfReportingPerson>
        <commentContent>Note to rows (8)(10)(11)(13): Includes 680,563 Shares currently issuable upon the conversion of certain Convertible Notes.</commentContent>
      </reportingPersonInfo>
    </reportingPersons>
    <items1To7>
      <item1>
        <securityTitle>Common Stock, no par value</securityTitle>
        <issuerName>DAKTRONICS INC /SD/</issuerName>
        <issuerPrincipalAddress>
          <com:street1>PO BOX 5128</com:street1>
          <com:street2>201 DAKTRONICS DRIVE</com:street2>
          <com:city>BROOKINGS</com:city>
          <com:stateOrCountry>SD</com:stateOrCountry>
          <com:zipCode>57006</com:zipCode>
        </issuerPrincipalAddress>
        <commentText>The following constitutes Amendment No. 2 to the Schedule 13D filed by the undersigned ("Amendment No. 2"). This Amendment No. 2 amends the Schedule 13D as specifically set forth herein. Unless otherwise defined herein, all capitalized terms used herein shall the meanings given to them in the Schedule 13D.</commentText>
      </item1>
      <item4>
        <transactionPurpose>Item 4 is hereby amended to add the following:

On March 3, 2025 (the "Effective Date"), the Reporting Persons entered into a cooperation agreement with the Issuer (the "Agreement") regarding the composition of the  Board and certain other matters. The following description of the Agreement is qualified in its entirety by reference to the Agreement, which is attached as Exhibit 99.1 hereto and is incorporated herein by reference.

Pursuant to the terms of the Agreement, the Issuer agreed, among other things, to (i)  appoint Peter Feigin (the "New Director") to the Board with a term expiring at the Issuer's 2027 Annual Meeting of Shareholders (the "2027 Annual Meeting"), (ii) appoint the New Director to the Transformation Committee of the Board, (iii) increase the size of the Board from eight (8) to nine (9) directors, (iv) not re-nominate one of the Issuer's incumbent directors for re-election to the Board at the Issuer's 2025 Annual Meeting of Shareholders, and (v) amend the Issuer's Bylaws to require a Lead Independent Director in the event that the Chairperson of the Board is not an independent director.

The Agreement also provides that the Board, in consultation with the Compensation Committee of the Board, shall engage an independent compensation consultant no later than March 31, 2025, to conduct a review of the Issuer's compensation program. Moreover, as soon as practical following the Effective Date, the Issuer will take all necessary actions to amend its Shareholder Rights Agreement, dated as of November 16, 2018, as amended on November 19, 2021 and November 19, 2024, by and between the Issuer and Equiniti Trust Company, LLC (the "Rights Agreement") such that the Final Expiration Date (as defined in the Rights Agreement) shall occur as promptly as practicable following Effective Date. Additionally, no later than December 31, 2025, the Issuer will hold an investor day and provide mid and long term targets with respect to certain financial metrics and a capital allocation policy. The Reporting Persons will also provide input on the Issuer's ongoing search for a new Chief Financial Officer.

Under the Agreement, the Reporting Persons agreed to abide by customary standstill restrictions and voting commitments, to the extent they remain in effect until the Termination Date. The Termination Date is defined in the Agreement until the day following the conclusion of the 2027 Annual Meeting. Until the Termination Date, the Reporting Persons and the Issuer also agreed to a mutual non-disparagement clause and the withdrawal of all litigation. The Agreement also provides that if the New Director ceases to be a member of the Board during the Standstill Period, as defined in the Agreement, the Reporting Persons will have qualified replacement rights.

The Reporting Persons also agreed to take all necessary actions to immediately cease any solicitation activities in connection with the 2025 Special Meeting and to, no later than five (5) business days following the Effective Date, dismiss with prejudice all claims asserted in any actions against the Issuer, including, without limitation, the Alta Fox Litigation.

The Issuer and the Reporting Persons also made certain customary representations and agreed on a mutually agreeable press release announcing certain terms of the Agreement.</transactionPurpose>
      </item4>
      <item5>
        <percentageOfClassSecurities>Items 5 (a)-(c) are hereby amended and restated to read as follows:

The aggregate percentage of Shares reported owned by each person named herein is based upon a denominator that is the sum of (i) 46,986,282 Shares outstanding, as of November 25, 2024, which is the total number of Shares outstanding as reported in the Issuer's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on December 4, 2024 and (ii) 4,008,613 Shares, including 680,563 Shares that are currently issuable upon the conversion of the Convertible Notes.

A. Alta Fox Opportunities

(a) As of the date hereof, Alta Fox Opportunities beneficially owns 5,973,599 Shares, including 680,563 Shares currently issuable upon the conversion of certain Convertible Notes.

Percentage: Approximately 11.7%

B. Alta Fox GP

(a) Alta Fox GP, as the general partner of Alta Fox Opportunities, may be deemed the beneficial owner of the 5,973,599 Shares owned by Alta Fox Opportunities.

Percentage: Approximately 11.7%

C. Alta Fox LLC

(a) Alta Fox LLC, as the general partner of Alta Fox GP, may be deemed the beneficial owner of the 5,973,599 Shares owned by Alta Fox Opportunities.

Percentage: Approximately 11.7%

D. Alta Fox Capital

(a) Alta Fox Capital, as the investment manager of Alta Fox Opportunities, may be deemed the beneficial owner of the 5,973,599 Shares owned by Alta Fox Opportunities.

Percentage: Approximately 11.7%

E. Mr. Haley

(a) Mr. Haley, as the sole owner, member and manager of each of Alta Fox Capital and Alta Fox LLC, may be deemed the beneficial owner of the 5,973,599 Shares owned by Alta Fox Opportunities.

Percentage: Approximately 11.7%</percentageOfClassSecurities>
        <numberOfShares>1. Sole power to vote or direct vote: 0
2. Shared power to vote or direct vote: 5,973,599
3. Sole power to dispose or direct the disposition: 0
4. Shared power to dispose or direct the disposition: 5,973,599</numberOfShares>
        <transactionDesc>Alta Fox Opportunities has not entered into any transactions in the Shares during the past sixty days.

Alta Fox GP has not entered into any transactions in the Shares during the past sixty days.

Alta Fox LLC has not entered into any transactions in the Shares during the past sixty days.

Alta Fox Capital has not entered into any transactions in the Shares during the past sixty days.

Mr. Haley has not entered into any transactions in the Shares during the past sixty days.</transactionDesc>
      </item5>
      <item7>
        <filedExhibits>Item 7 is hereby amended to add the following exhibit:

99.1 Agreement by and among Alta Fox Capital Management, LLC, Alta Fox Opportunities Fund, LP, Alta Fox GenPar, LP, Alta Fox Equity, LLC and P. Connor Haley, and Daktronics, Inc., dated as of March 3, 2025.</filedExhibits>
      </item7>
    </items1To7>
    <signatureInfo>
      <signaturePerson>
        <signatureReportingPerson>ALTA FOX OPPORTUNITIES FUND, LP</signatureReportingPerson>
        <signatureDetails>
          <signature>/s/ Alta Fox GenPar, LP, its general partner</signature>
          <title>P. Connor Haley, Authorized Signatory</title>
          <date>03/05/2025</date>
        </signatureDetails>
      </signaturePerson>
      <signaturePerson>
        <signatureReportingPerson>ALTA FOX GENPAR, LP</signatureReportingPerson>
        <signatureDetails>
          <signature>/s/ Alta Fox Equity, LLC, its general partner</signature>
          <title>P. Connor Haley, Authorized Signatory</title>
          <date>03/05/2025</date>
        </signatureDetails>
      </signaturePerson>
      <signaturePerson>
        <signatureReportingPerson>ALTA FOX EQUITY, LLC</signatureReportingPerson>
        <signatureDetails>
          <signature>/s/ P. Connor Haley, its manager</signature>
          <title>Authorized Signatory</title>
          <date>03/05/2025</date>
        </signatureDetails>
      </signaturePerson>
      <signaturePerson>
        <signatureReportingPerson>ALTA FOX CAPITAL MANAGEMENT, LLC</signatureReportingPerson>
        <signatureDetails>
          <signature>/s/ P. Connor Haley, its manager</signature>
          <title>Authorized Signatory</title>
          <date>03/05/2025</date>
        </signatureDetails>
      </signaturePerson>
      <signaturePerson>
        <signatureReportingPerson>P. CONNOR HALEY</signatureReportingPerson>
        <signatureDetails>
          <signature>/s/ P. Connor Haley</signature>
          <title>Authorized Signatory</title>
          <date>03/05/2025</date>
        </signatureDetails>
      </signaturePerson>
    </signatureInfo>
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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>exh99-1.htm
<DESCRIPTION>AGREEMENT, DATED MARCH 3, 2025
<TEXT>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right"><B>Exhibit 99.1</B></P>

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">This Cooperation Agreement
(this &ldquo;<B>Agreement</B>&rdquo;), effective as of March 3, 2025 (the&nbsp;&ldquo;<B>Effective Date</B>&rdquo;), is entered into by
and between Daktronics, Inc., a South Dakota corporation (the&nbsp;&rdquo;<B>Company</B>&rdquo;), on the one hand, and Alta Fox Capital
Management, LLC (the&nbsp;&ldquo;<B>Investor</B>&rdquo;), Alta Fox Opportunities Fund, LP (&ldquo;<B>Alta Fox Opportunities</B>&rdquo;),
Alta Fox GenPar, LP, Alta Fox Equity, LLC and P. Connor Haley (each of the Investor, Alta Fox Opportunities and the foregoing, an &ldquo;<B>Investor
Party</B>&rdquo; and, collectively with their Affiliates and Associates, the &ldquo;<B>Investor Parties</B>&rdquo;), on the other hand.
Unless otherwise defined herein, capitalized terms shall have the meanings given to them in <U>Section&nbsp;19</U> hereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in"><B>WHEREAS</B>, on December
12, 2022, the Investor submitted a non-binding term sheet to the Company to purchase senior secured convertible promissory notes from
the Company;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in"><B>WHEREAS</B>, on January
26, 2023, the Investor Parties delivered a letter to the Strategy and Financing Review Committee of the Company&rsquo;s Board of Directors
(the &ldquo;<B>Board</B>&rdquo;) reiterating its desire to provide financing to the Company in exchange for the Company&rsquo;s senior
secured convertible promissory notes;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in"><B>WHEREAS</B>, on May
11, 2023, the Company entered into that certain Securities Purchase Agreement (the &ldquo;<B>Securities Purchase Agreement</B>&rdquo;)
with Alta Fox Opportunities, pursuant to which the Company agreed to sell and issue to Alta Fox Opportunities a senior secured convertible
note (together with any and all replacement senior secured convertible notes issued thereunder, the &ldquo;<B>Convertible Note</B>&rdquo;)
in exchange for the payment by Alta Fox Opportunities to the Company of $25 million;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in"><B>WHEREAS</B>, on May
11, 2023, the Company also entered into a Note Guarantee Agreement, a Pledge and Security Agreement, a Copyright Security Agreement, a
Patent Security Agreement and a Trademark Security Agreement (collectively, the &ldquo;<B>Guarantees and Securities</B>&rdquo;);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in"><B>WHEREAS</B>, on May
11, 2023, the Company also entered into the certain Registration Rights Agreement with Alta Fox Opportunities (the &ldquo;<B>Registration
Rights Agreement</B>&rdquo; and collectively with the Securities Purchase Agreement, the Convertible Note and the Guarantees and Securities,
the &ldquo;<B>Notes Related Agreements</B>&rdquo;);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in"><B>WHEREAS</B>, on September
26, 2024, the Investor Parties&rsquo; counsel initiated settlement discussions and sent a non-binding term sheet to the Company&rsquo;s
counsel that included a proposed buyout of the Convertible Note;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in"><B>WHEREAS</B>, on November
11, 2024, the Company delivered a notice of conversion to Alta Fox Opportunities, pursuant to which the Company provided notice of its
intent to exercise its right to force the conversion of 1,109,350 shares of Common Stock (the &ldquo;<B>First Conversion Notice</B>&rdquo;);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in"><B>WHEREAS</B>, on November
21, 2024, Alta Fox Opportunities sent the Company a demand to inspect certain of the Company&rsquo;s books and records pursuant to South
Dakota Business Corporation Act &sect;47-1A-1602 (the &ldquo;<B>November 2024 Demand</B>&rdquo;);</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in"><B>WHEREAS</B>, on November
25, 2024, Alta Fox Opportunities delivered a note to the Company increasing the &ldquo;Maximum Percentage&rdquo; (as defined in the Convertible
Note) to 14.99%;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in"><B>WHEREAS</B>, on December
11, 2024, the Company delivered a notice of conversion to Alta Fox Opportunities, pursuant to which the Company provided notice of its
intent to exercise its right to force the conversion of 1,109,350 shares of Common Stock (the &ldquo;<B>Second Conversion Notice</B>&rdquo;);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in"><B>WHEREAS</B>, on December
12, 2024, Alta Fox Opportunities sent the Company a second demand to inspect certain of the Company&rsquo;s books and records pursuant
to South Dakota Business Corporation Act &sect;47-1A-1602 (the &ldquo;<B>December 2024 Demand</B>&rdquo;);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in"><B>WHEREAS</B>, on January
10, 2025, the Company delivered a notice of conversion to Alta Fox Opportunities, pursuant to which the Company provided notice of its
intent to exercise its right to force the conversion of 1,109,350 shares of Common Stock (the &ldquo;<B>Third Conversion Notice</B>&rdquo;);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in"><B>WHEREAS</B>, on January
27, 2025, the Company issued 2,218,700 shares of its Common Stock to Alta Fox Opportunities in full satisfaction of the First Conversion
Notice and Second Conversion Notice, and on February 4, 2025, the Company issued 1,109,350 shares of Common Stock in full satisfaction
of the Third Conversion Notice;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in"><B>WHEREAS</B>, on February
4, 2025, Alta Fox Opportunities filed a lawsuit (the &ldquo;<B>Alta Fox Litigation</B>&rdquo;) in the U.S. District Court for the District
of South Dakota (the &ldquo;<B>South Dakota District Court</B>&rdquo;) and styled <I>Alta Fox Opportunities Fund, LP v. Daktronics, Inc.
et al.</I>, Case No. 4:25-cv-4017, relating to the 2025 Special Meeting of Shareholders (including, without limitation, any adjournments
or postponements thereof and any meeting which may be called in lieu thereof, the &ldquo;<B>2025 Special Meeting</B>&rdquo;) and seeking,
among other things, declaratory and injunctive relief preventing the Company from holding the 2025 Special Meeting to vote on the reincorporation
of the Company from South Dakota to Delaware (the &ldquo;<B>Reincorporation</B>&rdquo;);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in"><B>WHEREAS</B>, on February
10, 2025, the Company delivered a notice of conversion to Alta Fox Opportunities, pursuant to which the Company provided notice of its
intent to exercise its right to force the conversion of 680,563 shares of Common Stock (the &ldquo;<B>Final Conversion Notice</B>&rdquo;),
which shares will be delivered on March 4, 2025 following satisfaction of the obligations under the Convertible Note by the parties thereto;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in"><B>WHEREAS</B>, on February
25, 2025, the South Dakota District Court issued a memorandum in the Alta Fox Litigation indicating its intention to deny Alta Fox Opportunities&rsquo;
preliminary injunction motion with a written opinion and Order;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in"><B>WHEREAS</B>, as of the
Effective Date, the Investor Parties beneficially own an aggregate of 5,973,599 shares of Common Stock; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in"><B>WHEREAS</B>, the Company
and the Investor Parties desire to enter into this Agreement regarding compositional change to the Board and certain other matters, as
provided in this Agreement, and to resolve the existing disputes among them, including the November 2024 Demand, the December 2024 Demand
and the Alta Fox Litigation.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in"><B>NOW, THEREFORE</B>,
in consideration of the promises, representations and mutual covenants and agreements set forth herein, and for other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, each Party hereby agrees as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-weight: normal">1.<FONT STYLE="font-size: 10pt">&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;</FONT></FONT><B><U>Board Composition and Other Company Matters</U></B><FONT STYLE="font-weight: normal">.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-weight: normal">(a)<FONT STYLE="font-size: 10pt">&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;</FONT><U>New Director</U>.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 1in; text-align: justify; text-indent: 0.5in">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;
</FONT>As soon as reasonably practicable following the Effective Date, the Board, and all applicable committees of the Board, shall take
all necessary actions to: (A)&thinsp;increase the size of the Board from eight (8)&thinsp;to nine (9)&thinsp;directors, and (B)&thinsp;appoint
Peter Feigin (the &ldquo;<B>New Director</B>&rdquo;), who shall fill the newly created vacancy resulting from the increase in the size
of the Board, to serve as a director with a term expiring at the Company&rsquo;s 2027 Annual Meeting of Shareholders (including, without
limitation, any adjournments or postponements thereof and any meeting which may be called in lieu thereof, the &ldquo;<B>2027 Annual Meeting</B>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 1in; text-align: justify; text-indent: 0.5in">(ii)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;
</FONT>Prior to the appointment of the New Director to the Board, the Board shall determine whether the New Director (A) is an Independent
Director and (B) meets the standards for eligibility and qualification and other requirements set forth in the Company&rsquo;s Board of
Directors Corporate Governance Guidelines (the &ldquo;<B>Corporate Governance Guidelines</B>&rdquo;). In connection with the foregoing,
and as a condition to the appointment of the New Director to the Board, the New Director&thinsp;shall (C) provide (x)&thinsp;such information
required to be or customarily disclosed by directors or director candidates in proxy statements or other filings under applicable law
or stock exchange regulations, (y)&thinsp;such information reasonably requested by the Board in connection with assessing eligibility, independence
and other criteria applicable to directors or satisfying compliance and legal obligations and (z)&thinsp;a fully completed and executed
copy of the Company&rsquo;s director candidate questionnaire (substantially in the form completed by the Company&rsquo;s incumbent non&#45;management
directors) and (D)&thinsp;participate in customary procedures for new director candidates, including, without limitation, an interview with
the Nominating and Corporate Governance Committee of the Board (the&thinsp;&ldquo;<B>Nominating Committee</B>&rdquo;) and an appropriate
background check, comparable to those undergone by other non&#45;management directors of the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 0.5in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;</FONT><U>Board Committees</U>. Immediately following the appointment of the New Director to the Board, the Board and all applicable committees
of the Board shall take all necessary actions to appoint the New Director to the Transformation Committee of the Board. Without limiting
the foregoing, the New Director shall be equally eligible for membership to any other committees of the Board as any other Independent
Director of the Board with similar relevant expertise and qualifications.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 0.5in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;</FONT><U>Replacement Rights</U>. If the New Director is unable or unwilling to serve as a director, is not appointed pursuant to <U>Section
1(a)(i)</U> hereof, resigns as a director, or otherwise ceases to be a director, in each case due to death or disability prior to the</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify">Termination Date (as defined below),
and at such time the Investor Parties&rsquo; beneficial ownership, in the aggregate, equals or exceeds three percent (3.0%) of the then-outstanding
Common Stock (subject to adjustment for stock splits, reclassifications, combinations and similar adjustments, the &ldquo;<B>Minimum Ownership
Threshold</B>&rdquo;), then the Investor Parties shall have the right to select a candidate to replace the New Director (such person,
a &ldquo;<B>Replacement New Director</B>&rdquo;); <U>provided</U>, <U>however</U>, that prior to and as a condition precedent to the appointment
of the Replacement New Director, the Replacement New Director shall (i)&thinsp;satisfy the NASDAQ Independence Standards of the NASDAQ Stock
Market LLC (or applicable requirement of such other national securities exchange designated as the primary market on which the Common
Stock is listed for trading), (ii)&thinsp;provide such information and participate in such customary procedures required for the New Director
under <U>Section&thinsp;1(a)(ii)</U> hereof, (iii)&thinsp;have a substantially similar skill set as the New Director, (iv) satisfy the eligibility,
qualification and other requirements set forth in the Corporate Governance Guidelines and (v)&thinsp;have been deemed otherwise reasonably
acceptable by the Nominating Committee and approved of by the Board (with each such approval and acceptance not to be unreasonably withheld).
Effective upon the Replacement New Director&rsquo;s appointment to the Board, such Replacement New Director will be considered the New
Director for all purposes of this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 0.5in">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;<U>Board
Refreshment</U>. The Company agrees that the Board will abstain from nominating, or otherwise recommending that the shareholders of the
Company vote to re-elect at least one of the incumbent directors serving on the Board as of the Effective Date whose term expires at
the Company&rsquo;s 2025 Annual Meeting of Shareholders (including, without limitation, any adjournments or postponements thereof and
any meeting which may be called in lieu thereof).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-weight: normal">(e)<FONT STYLE="font-size: 10pt">&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;<U>Board
Policies and Procedures</U>. Each Party acknowledges that the New Director, upon his appointment to the Board and for so long as he is
a member of the Board, shall be governed by all of the same policies, processes, procedures, codes, rules, standards and guidelines applicable
to members of the Board, including, without limitation, the Company&rsquo;s Code of Conduct, Corporate Governance Guidelines, Stock Trading
Policy and any other policies on stock ownership, public disclosures, legal compliance and confidentiality (collectively, the&thinsp;&ldquo;</FONT></FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Company
Policies</B><FONT STYLE="font-weight: normal">&rdquo;) and all applicable rules and regulations of the NASDAQ Stock Market LLC (including,
without limitation, its independence standards), and will be required to strictly adhere to the Company&rsquo;s policies on confidentiality
imposed on all members of the Board. The Company agrees that, upon his appointment to the Board and for so long as he is a member of
the Board, the New Director shall receive (i)&thinsp;the same benefits of director and officer insurance as all other&thinsp;non-management&thinsp;directors
on the Board, (ii)&thinsp;the same compensation for his service as a director as the compensation received by other&thinsp;non&#45;management&thinsp;directors
on the Board and (iii)&thinsp;such other benefits on the same basis as all other&thinsp;non-management&thinsp;directors on the Board.</FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 0.5in">(f)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-weight: normal"><U>Lead Independent Director</U></FONT>. As soon
as practicable following the Effective Date, the Board, and all applicable committees of the Board, shall take all actions necessary to
amend the Bylaws to require the Independent Directors of the Board to select from among themselves a Lead Independent Director in the
event that the Chairperson of the</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify">Board is not an Independent Director
of the Board. The Lead Independent Director shall have such duties and responsibilities as determined by a majority of the Independent
Directors of the Board.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-weight: normal">2.<FONT STYLE="font-size: 10pt">&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;</FONT></FONT><B><U>Corporate
Governance and Related Matters</U></B><FONT STYLE="font-weight: normal">.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-weight: normal">(a)<FONT STYLE="font-size: 10pt">&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;</FONT><U>Compensation Matters</U>. </FONT>The Board, in consultation with the Compensation Committee of the Board (the &ldquo;<B>Compensation
Committee</B>&rdquo;), shall take all necessary actions to engage an independent compensation consultant (the &ldquo;<B>Compensation Consultant</B>&rdquo;)
no later than March 31, 2025, to conduct a review of the Company&rsquo;s compensation program. The Compensation Committee shall work with
the Compensation Consultant on such review and use its reasonable best efforts to recommend to the Board modifications to the Company&rsquo;s
executive compensation program to incorporate performance-based equity awards with medium- or long-term performance targets no later than
September 30, 2025 for the Board&rsquo;s approval and implementation (such approval and implementation not to be unreasonably withheld
and subject to the Board&rsquo;s determination that approval of such modifications is consistent with the Board&rsquo;s fiduciary duties).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 0.5in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-weight: normal"><U>Rights Agreement</U>. As soon as practicable following
the Effective Date, </FONT>the Company shall take all necessary actions to amend, and shall direct <FONT STYLE="font-size: 10pt">Equiniti
Trust Company, LLC </FONT>(the &ldquo;<B>Rights Agent</B>&rdquo;) to approve, with such obligation of the Rights Agent to approve being
qualified by the terms described in that certain Rights Agreement, dated as of November 16, 2018, as amended on November 19, 2021 and
November 19, 2024, by and between the Company and the Rights Agent (the &ldquo;<B>Rights Agreement</B>&rdquo;), an amendment to the Rights
Agreement, such that the &ldquo;Final Expiration Date&rdquo; (as defined in the Rights Agreement) shall be accelerated to occur as promptly
as practicable following the Effective Date, and that such amendment be made effective in accordance with the terms of the Rights Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-weight: normal">(c)<FONT STYLE="font-size: 10pt">&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;<U>Cooperation</U>.
The Company agrees to provide the Investor Parties a reasonable opportunity to communicate their views to the Company regarding its ongoing
search for a new Chief Financial Officer so long as such communications by the Investor Parties are not intended to, or would not reasonably
be expected to, require any public disclosure of such communications by any Party.</FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 0.5in">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;<U>Investor
Day</U>. The Company agrees that prior to December 31, 2025, the Company shall hold an investor day (the &ldquo;<B>Investor Day</B>&rdquo;)
at an appropriate date and time as shall be determined by the Board, at which the Company shall provide capital allocation guidance and
mid- to long-term targets with respect to one or more financial or accounting metrics. No more than three (3) weeks nor less than one
(1) week prior to the Investor Day, the Company shall provide the Investor Parties an opportunity to enter into a customary information
sharing agreement to enable the Company to share confidential information with the Investor Parties in connection with the Company&rsquo;s
anticipated communications at the Investor Day.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-weight: normal">3.<FONT STYLE="font-size: 10pt">&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;</FONT></FONT><B><U>Withdrawal of Campaign and Related Matters</U></B><FONT STYLE="font-weight: normal">. Effective upon the execution
and delivery of this Agreement, the Investor Parties hereby: </FONT></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 0in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;</FONT>irrevocably withdraw any pending demand or request for a copy of the Company&rsquo;s list of shareholders or its other books and
records pursuant to Rule 14a-7 under the Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder
(the &ldquo;<B>Exchange Act</B>&rdquo;) or under any statutory or regulatory provisions of South Dakota providing for shareholder access
to books and records (including, without limitation, lists of shareholders) of the Company, including, without limitation, the November
2024 Demand and the December 2024 Demand (with this Agreement deemed to evidence such withdrawal);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 0in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;</FONT>agree to take all necessary actions to immediately cease any and all solicitation and other activities in connection with the 2025
Special Meeting (it being understood and agreed that the Investor Parties are required to vote their shares of Common Stock beneficially
owned as of the record date with respect to the 2025 Special Meeting, subject to the provisions of this Agreement); and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-weight: normal">(c)<FONT STYLE="font-size: 10pt">&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;</FONT>agree
to take all necessary actions to immediately disable and not permit to be re-enabled the website &ldquo;www.FixDaktronics.com&rdquo;
and any other websites the Investor Parties directly or indirectly maintain with respect to their solicitation efforts and/or campaigns
with respect to the Company and/or the 2025 Special Meeting.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">4.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif"><B><U>Voting Commitment</U></B></FONT>. From the Effective Date until
the Termination Date (the &ldquo;<B>Standstill Period</B>&rdquo;), each of the Investor Parties agrees that it will appear in person
or by proxy at each annual or special meeting of shareholders of the Company (including, without limitation, any adjournments or postponements
thereof and any meetings which may be called in lieu thereof), whether such meeting is held at a physical location or virtually by means
of remote communications or a hybrid combination thereof, and will vote (or execute a consent with respect to) all Voting Securities
beneficially owned by it in accordance with the Board&rsquo;s recommendations with respect to (a)&thinsp;the election, removal or replacement
of any director, (b)&thinsp;the ratification of the appointment of the Company&rsquo;s independent registered public accounting firm,
(c)&thinsp;the Company&rsquo;s &ldquo;say-on-pay&rdquo; proposal, <FONT STYLE="color: red"><STRIKE></STRIKE></FONT>(d)&thinsp;the
Reincorporation and (e) any other proposal to be submitted to the shareholders of the Company by either the Company or any shareholder
of the Company; <U>provided</U>, <U>however</U>, that if Institutional Shareholder Services Inc. (&ldquo;<B>ISS</B>&rdquo;) and Glass,
Lewis &amp; Co. LLC (&ldquo;<B>Glass Lewis</B>&rdquo;) (including, without limitation, any successor thereto) issue a voting recommendation
that differs from the Board&rsquo;s recommendation with respect to any proposal submitted to shareholders (other than as related to the
election, removal or replacement of any director, or the Reincorporation), the Investor Parties shall be permitted to vote in accordance
with ISS&rsquo;s and Glass Lewis&rsquo;s recommendation; <U>provided</U>, <U>further</U>, that the Investor Parties shall be permitted
to vote in their sole discretion on any proposal of the Company in respect of any Extraordinary Transaction.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">5.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif"><B><U>Non-Disparagement</U></B></FONT>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 0.5in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;</FONT>During the Standstill Period, none of the Investor Parties shall make, nor cause to be made, and shall cause each of its or his
Representatives not to make or cause to be made, any public statement with respect to this Agreement, or take any action that is intended
to or would reasonably be expected to require any public disclosure by an Investor Party, in each case regarding this Agreement, the subject
matter contained herein, or any</P>


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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&thinsp;</P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify">Party or any Party&rsquo;s Representatives,
except as provided in <U>Section 5(c)</U> or <U>Section 13(c)</U> hereto.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 0.5in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;</FONT>During the Standstill Period, the Company agrees that neither it nor any of its Affiliates shall make any public statement that
constitutes an <I>ad hominem</I> attack on, or otherwise disparages, defames or damages the reputation or good name of the Investor Parties
or is otherwise critical, negative towards or derogatory of the Investor Parties or any of the Investor Parties&rsquo; known Representatives.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 0.5in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;</FONT>Notwithstanding the foregoing, nothing in this <U>Section&thinsp;5</U> or elsewhere in this Agreement shall prohibit any Party from
making any truthful statement or disclosure as may be required under the federal securities laws or other applicable laws (including,
without limitation, to comply with the terms of any valid subpoena, order or other legal process from any governmental or regulatory authority
with competent jurisdiction over the relevant Party hereto), by deposition, interrogatory, request for documents, civil investigative
demand or stock exchange regulations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">6.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;<B><U>No
Litigation</U></B></FONT>. During the Standstill Period, each Party covenants and agrees solely for and on behalf of itself that it shall
not, and shall not permit any of its Representatives (solely in the context of their representation of such Party in connection with
the subject matter of this Agreement) to, alone or in concert with others, knowingly encourage or pursue, or knowingly assist any other
Person to threaten, initiate or pursue, any lawsuit, claim or proceeding (including, without limitation, with respect to the Investor
Parties, commencing, encouraging or supporting any derivative or similar action in the name of the Company or any class action against
the Company or any of its officers or directors) before any court or governmental, administrative or regulatory body (collectively, a
&ldquo;<B>Legal Proceeding</B>&rdquo;) against (a)&thinsp;with respect to the Investor Parties, the Company or any of its Representatives
(solely in the context of their representation of the Company in connection with the subject matter of this Agreement) and (b)&thinsp;with
respect to the Company, the Investor or any of its Representatives (solely in the context of their representation of the Investor in
connection with the subject matter of this Agreement); <U>provided</U>, <U>however</U>, that the foregoing shall not prevent (w)&thinsp;any
Party or any of its Representatives from responding to oral questions, interrogatories, requests for information or documents, subpoenas,
civil investigative demands or similar processes (a &ldquo;<B>Legal Requirement</B>&rdquo;) in connection with any Legal Proceeding if
such Legal Proceeding has not been initiated by, or on behalf of, such Party or any of its Representatives (solely in the context of
their representation of such Party in connection with the subject matter of this Agreement), (x)&thinsp;litigation by any Party to enforce
the provisions of this Agreement, (y)&thinsp;counterclaims with respect to any proceeding initiated by a Party in breach of this Agreement
and (z)&thinsp;the exercise of statutory appraisal rights; <U>provided</U>, <U>further</U>, that in the event that such Party or any
of its Representatives receives such Legal Requirement, such Party shall, unless prohibited by applicable law, give prompt written notice
of such Legal Requirement to the other Party. For the avoidance of doubt, the provisions of this <U>Section 6</U> apply fully and without
limitation to any Legal Proceeding with respect to or concerning the Notes Related Agreements.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-weight: normal">7.<FONT STYLE="font-size: 10pt">&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;</FONT></FONT><B><U>Releases</U></B><FONT STYLE="font-weight: normal">.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 0.5in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;</FONT>As of the Effective Date, the Company, for itself, and to the fullest extent possible, and on behalf of the Company&rsquo;s subsidiaries,
joint ventures and partnerships,</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify">successors, assigns, officers, directors,
partners, members, managers, principals, predecessor or successor entities, agents, employees, shareholders, auditors, advisors, consultants,
attorneys, insurers, heirs, executors, administrators and successors and assigns of any such Person, permanently, fully, and completely
releases, acquits and discharges the Investor Parties, and their respective joint ventures and partnerships, Affiliates, successors, assigns,
officers, directors, partners, members, managers, principals, predecessor or successor entities, agents, employees, shareholders, auditors,
advisors, consultants, attorneys, insurers, heirs, executors, administrators and successors and assigns of any such Person (collectively,
the &ldquo;<B>Investor Released Parties</B>&rdquo;), jointly or severally, of and from any and all claims, demands, damages, causes of
action, debts, liabilities, controversies, judgments and suits of every kind and nature whatsoever, foreseen, unforeseen, known or unknown,
that the Company has had, now has, or may have against any of the Investor Released Parties, collectively, jointly or severally, at any
time prior to and including the Effective Date, including, without limitation, any and all claims arising out of or in any way whatsoever
related to the Investor Parties&rsquo; involvement with the Company (such release by the Company, the &ldquo;<B>Company Release</B>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 0.5in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;</FONT>As of the Effective Date, the Investor Parties, and each of them, permanently, fully and completely release, acquit and discharge
the Company, and the Company&rsquo;s subsidiaries, Affiliates, Associates, joint ventures and partnerships, successors, assigns, officers,
directors, partners, members, managers, principals, predecessor or successor entities, agents, employees, shareholders, auditors, advisors,
consultants, attorneys, insurers, heirs, executors, administrators and successors and assigns of any such Person (in each case, and in
their capacities as such) (collectively, the &ldquo;<B>Company Released Parties</B>&rdquo;), jointly or severally, of and from any and
all claims, demands, damages, causes of action, debts, liabilities, controversies, judgments and suits of every kind and nature whatsoever,
foreseen, unforeseen, known or unknown, that the Investor Parties or any of them, for themselves or itself, and on behalf of their joint
ventures and partnerships, successors, assigns, officers, directors, partners, members, managers, principals, predecessor or successor
entities, agents, employees, shareholders, auditors, advisors, consultants, attorneys, insurers, heirs, executors, administrators and
successors and assigns of any such Person, have had, now have, or may have against any of the Company Released Parties, collectively,
jointly or severally, at any time prior to and including the Effective Date, including, without limitation, any and all claims arising
out of or in any way whatsoever related to (i)&thinsp;the facts, allegations and claims asserted in the Alta Fox Litigation, the November
2024 Demand and the December 2024 Demand, (ii)&thinsp;the Investor Parties&rsquo; involvement with the Company or (iii) any Notes Related
Agreement (such release by the Investor Parties, the &ldquo;<B>Investor Release</B>&rdquo; and together with the Company Release, the
&ldquo;<B>Releases</B>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 0.5in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;</FONT>Each Party hereby acknowledges that as of the time of the Effective Date, the Parties may have claims against one another that
a Party does not know or suspect to exist in their or its favor, including, without limitation, claims that, had they been known, might
have affected the decision to enter into this Agreement, or to provide the Releases set forth in this <U>Section&thinsp;7</U>. In connection
with such any such claims, each Party agrees that they intend to waive, relinquish and release any and all provisions, rights and benefits
any state or territory of the United States or other jurisdiction that purports to limit the</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify">application of a release to unknown claims,
or to facts unknown at the time the release was entered into. In connection with this waiver, each Party acknowledges that they, or any
of them, may (including, without limitation, after the Effective Date) discover facts in addition to or different from those known or
believed by them to be true with respect to the subject matter of the Releases set forth in this <U>Section&thinsp;7</U>, but it is the
intention of the Parties to complete, fully, finally and forever compromise, settle, release, discharge and extinguish any and all claims
that they may have one against another, known or unknown, suspected or unsuspected, contingent or absolute, accrued or unaccrued, apparent
or unapparent, that now exist or previously existed, without regard to the subsequent discovery of additional or different facts. Each
Party acknowledges that the foregoing waiver is a key, bargained&#45;for element to this Agreement and the Releases that are part of it.
The Investor Parties agree and expressly waive and relinquish, to the fullest extent permitted by law, the provisions, rights and benefits
of Section 1542 of the California Civil Code, as well as any other similar provision under federal or state law, which provides:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 1in 12pt; text-align: justify">A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS
THAT THE CREDITOR OR RELEASING PARTY DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE AND THAT,
IF KNOWN BY HIM OR HER, WOULD HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR OR RELEASED PARTY.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 0.5in">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;</FONT>The Releases provided for in this <U>Section&thinsp;7</U> are intended to be broad, and this breadth is a bargained-for feature of
this Agreement. Despite this, the Releases provided for in this <U>Section&thinsp;7</U> are not intended to, and do not, extend to any Party&rsquo;s
obligations under this Agreement or to any Party&rsquo;s ongoing obligations after the Effective Date under the Convertible Note and Notes
Related Agreements, including the issuance of shares pursuant to the Final Conversion Notice. For the avoidance of doubt, upon the delivery
to Alta Fox Opportunities of the 680,563 shares of Common Stock pursuant to the Final Conversion Notice as provided in <U>Section 11(g)</U>
hereto, the Investor Release set forth in <U>Section 7(b)</U> hereto shall apply with full force and effect to any claims arising under
the Convertible Note and Notes Related Agreements.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-weight: normal">8.<FONT STYLE="font-size: 10pt">&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;</FONT></FONT><FONT STYLE="font-family: Times New Roman, Times, Serif"><B><U>Dismissal of Litigation</U></B><FONT STYLE="font-weight: normal">.
</FONT></FONT>As a condition precedent to the Company&rsquo;s obligations under this Agreement, and in any case no later than five (5)
business days following the Effective Date, the Investor Parties shall take all actions necessary to dismiss with prejudice all claims
asserted in any actions currently pending against the Company Released Parties, including, without</P>


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    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">limitation, the Alta Fox Litigation. The Company
will reasonably cooperate with any filing necessary to effectuate the dismissal.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">9.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif"><B><U>Standstill</U></B></FONT>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 0.5in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;</FONT>During the Standstill Period, each Investor Party agrees that it shall not, and shall cause its or his Affiliates and Associates
not to, directly or indirectly:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 1in; text-align: justify; text-indent: 0.5in">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;</FONT>acquire, offer or seek to acquire, agree to acquire, or acquire rights or options to acquire (except by way of stock dividends
or other distributions or offerings made available to holders of Voting Securities generally on a pro rata basis or pursuant to an Extraordinary
Transaction), whether by purchase, tender or exchange offer, through the acquisition of control of another Person, by joining a group,
through swap or hedging transactions or otherwise, any securities of the Company (other than through a broad-based market basket or index
or pursuant to the conversion mechanics of the senior second lien secured convertible promissory notes of the Company, including the Convertible
Note), any rights decoupled from the underlying securities of the Company, or any derivative securities, contracts or instruments in any
way related to the price of shares of Common Stock, or any assets or liabilities of the Company, that would result in the Investor Parties
beneficially owning, in the aggregate, more than 5,973,599 shares of Common Stock;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 1in; text-align: justify; text-indent: 0.5in">(ii)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;</FONT>take any action in support of or make any proposal or request that constitutes or would result in any public announcement or proposal
with respect to, or publicly offer or propose, <FONT STYLE="color: red"><STRIKE></STRIKE></FONT>(A)&thinsp;any form of business combination
or acquisition or other transaction relating to a material amount of assets or securities of the Company or any of its subsidiaries, <FONT STYLE="color: red"><STRIKE></STRIKE></FONT>(B)&thinsp;any
form of restructuring, recapitalization or similar transaction with respect to the Company or any of its subsidiaries or <FONT STYLE="color: red"><STRIKE></STRIKE></FONT>(C)&thinsp;any
form of tender or exchange offer for shares of Common Stock or other Voting Securities, whether or not such transaction involves a Change
of Control; it being understood that the foregoing shall not prohibit an Investor Party or its or his Affiliates or Associates from (x)&thinsp;acquiring
Voting Securities to the extent permitted by the proviso in <U>Section 9(a)(i)</U>, (y)&thinsp;selling or tendering its or his shares of
Common Stock, and otherwise receiving consideration, pursuant to any such transaction or (z) voting on any such transaction in accordance
with <U>Section&thinsp;4</U> hereof;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 1in; text-align: justify; text-indent: 0.5in">(iii)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;</FONT>engage in, or knowingly assist in the engagement in (including, without limitation, engagement by use of or in coordination with
a universal proxy card), any solicitation of proxies or written consents to vote any Voting Securities, or conduct, or assist in the conducting
of, any type of binding or nonbinding referendum with respect to any Voting Securities, or assist or participate in any other way, directly
or indirectly, in any solicitation of proxies (or written consents) with respect to, or from the holders of, any Voting Securities, or
otherwise become a &ldquo;participant&rdquo; in a &ldquo;solicitation,&rdquo; as such terms are defined in Instruction 3 of Item 4 of
Schedule&thinsp;14A and Rule&thinsp;14a-1 of Regulation 14A, respectively, under the</P>


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    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 1in; text-align: justify">Exchange Act, to vote any securities of
the Company (including, without limitation, by initiating, encouraging or participating in any &ldquo;withhold&rdquo; or similar campaign),
in each case, other than in a manner that is consistent with the Board&rsquo;s recommendation on a matter;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 1in; text-align: justify; text-indent: 0.5in">(iv)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;</FONT>advise or knowingly encourage any Person with respect to the voting of (or execution of a written consent in respect of) or disposition
of any securities of the Company, other than in a manner that is consistent with the Board&rsquo;s recommendation on a matter after obtaining
the prior written consent of the Board;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 1in; text-align: justify; text-indent: 0.5in">(v)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;</FONT>other than in open market sale transactions where the identity of the purchaser is not known, sell, offer or agree to sell, directly
or indirectly, through swap or hedging transactions or otherwise, any securities of the Company or any rights decoupled from the underlying
securities held by an Investor Party to any Third Party with a known history of activism or known plans to engage in activism;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 1in; text-align: justify; text-indent: 0.5in">(vi)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;</FONT>take any action in support of or make any proposal or request that constitutes or would result in: (A)&thinsp;advising, replacing
or influencing any director or the management of the Company, including, without limitation, any plans or proposals to change the number
or term of directors or to fill any vacancies on the Board, (B)&thinsp;any material change in the capitalization, stock repurchase programs
and practices or dividend policy of the Company, <FONT STYLE="color: red"><STRIKE></STRIKE></FONT>(C)&thinsp;any other material change
in the Company&rsquo;s management, business or corporate structure, <FONT STYLE="color: red"><STRIKE></STRIKE></FONT>(D)&thinsp;seeking
to have the Company waive or make amendments or modifications to the Bylaws or the Charter, or other actions that could reasonably be
expected to impede or facilitate the acquisition of control of the Company by any Person, <FONT STYLE="color: red"><STRIKE></STRIKE></FONT>(E)&thinsp;causing
a class of securities of the Company to be delisted from, or to cease to be authorized to be quoted on, any securities exchange or <FONT STYLE="color: red"><STRIKE></STRIKE></FONT>(F)&thinsp;causing
a class of securities of the Company to become eligible for termination of registration pursuant to Section&thinsp;12(g)(4) of the Exchange
Act (in each case except as otherwise permitted by <U>Section&thinsp;1</U> or <U>Section&thinsp;4</U> hereof);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 1in; text-align: justify; text-indent: 0.5in">(vii)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;</FONT>call or seek to call, or request the call of, alone or in concert with others, any meeting of shareholders, whether or not such
a meeting is permitted by the Bylaws, including, without limitation, a &ldquo;town hall meeting&rdquo;;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 1in; text-align: justify; text-indent: 0.5in">(viii)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;</FONT>deposit any shares of Common Stock or other Voting Securities in any voting trust or subject any shares of Common Stock or other
Voting Securities to any arrangement or agreement with respect to the voting of any shares of Common Stock or Voting Securities (other
than customary brokerage accounts, margin accounts, prime brokerage accounts and the like);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 1in; text-align: justify; text-indent: 0.5in">(ix)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;</FONT>seek, or knowingly encourage or advise any Person, to submit nominations in furtherance of a &ldquo;contested solicitation&rdquo;
for the election or removal of directors with respect to the Company or seek, or knowingly encourage or take any other action with respect
to, the election or removal of any directors;</P>


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    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 1in; text-align: justify; text-indent: 0.5in">(x)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;</FONT>form,
join or in any other way participate in any &ldquo;group&rdquo; (within the meaning of Section&thinsp;13(d)(3) of the Exchange Act) with
respect to any Voting Security;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 1in; text-align: justify; text-indent: 0.5in">(xi)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;</FONT>demand a copy of the Company&rsquo;s list of shareholders or its other books and records or make any request pursuant to Rule&thinsp;14a-7
under the Exchange Act or under any statutory or regulatory provisions of applicable state law providing for shareholder access to books
and records (including, without limitation, lists of shareholders) of the Company;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 1in; text-align: justify; text-indent: 0.5in">(xii)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;</FONT>make any request or submit any proposal to amend or waive the terms of this <U>Section&thinsp;8</U> other than through non-public
communications with the Company that would not be reasonably likely to trigger public disclosure obligations for any Party; or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 1in; text-align: justify; text-indent: 0.5in">(xiii)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;
</FONT>enter into any discussions, negotiations, agreements or understandings with any Person with respect to any action an Investor Party
is prohibited from taking pursuant to this <U>Section&thinsp;8</U>, or advise, assist, knowingly encourage or seek to persuade any Person
to take any action or make any statement with respect to any such action, or otherwise take or cause any action or make any statement
inconsistent with any of the foregoing.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 0.5in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;</FONT>Notwithstanding
anything to the contrary contained in <U>Section&thinsp;9(a)</U> hereof or elsewhere in this Agreement, the Investor Parties shall not
be prohibited or restricted from: (i)&thinsp;communicating privately with members of the Board or officers of the Company regarding any
matter in a manner consistent with communications that may be reasonably made by all shareholders of the Company, so long as such communications
are not intended to, and would not reasonably be expected to, require any public disclosure of such communications by any Party, (ii)&thinsp;taking
any action necessary to comply with any law, rule or regulation or any action required by any governmental or regulatory authority or
stock exchange that has, or may have, jurisdiction over the Investor Parties; <U>provided</U>, that a breach by such Investor Party of
this Agreement is not the cause of the applicable requirement, <FONT STYLE="color: red"><STRIKE></STRIKE></FONT>(iii)&thinsp; publicly
disclosing how the Investor Parties or any Investor Party intends to vote or act with respect to any securities of the Company in connection
with any Extraordinary Transaction submitted for a vote of the Company&rsquo;s shareholders, if, and only if, required under federal
securities laws or other applicable laws in accordance with <U>Section 5(c)</U> hereto or (iv) communicating with shareholders of the
Company and others in a manner that does not otherwise violate this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 0.5in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;</FONT>The provisions of <U>Section&thinsp;9(a)</U> hereof shall also not prevent the Investor Parties from freely voting their shares of
Common Stock (except as otherwise provided in <U>Section&thinsp;4</U> hereof).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 0.5in">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;</FONT>During the Standstill Period, the Investor Parties shall refrain from taking any actions which could reasonably be expected to
have the effect of encouraging or assisting any Third Party to engage in actions which, if taken by the Investor Parties, would violate
this Agreement.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 0.5in">(e)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;</FONT>The
Investor Parties and the Company acknowledge that, other than as permitted by <U>Section 2(c)</U> and <U>Section 2(d)</U> or otherwise
restricted by any other terms in this Agreement or applicable law, each Investor Party shall conduct itself or himself as, and be treated
as, any other shareholder of the Company, with similar shareholder rights and access to management and the Board. Each Investor Party
shall not have or claim any information rights beyond those afforded to all other shareholders (other than as provided by <U>Section
2(d)</U> as limited or otherwise restricted by the provisions of <U>Section&thinsp;9(a)</U> hereof) and acknowledges the Company&rsquo;s
securities disclosure obligations, including, without limitation, the Company&rsquo;s Regulation FD obligations. Notwithstanding anything
to the contrary contained in <U>Section&thinsp;9(a)</U> hereof or elsewhere in this Agreement, no term of this Agreement shall limit
in any respect the actions of any director of the Company in his or her capacity as such, recognizing that such actions are subject to
such director&rsquo;s fiduciary duties to the Company and its shareholders and the Company Policies (it being understood and agreed that
the Investor Parties shall not take any actions to indirectly violate any provision of&thinsp;<U>Section&thinsp;9(a)</U> hereof).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">10.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif"><B><U>Representations and Warranties of the Company</U></B></FONT>. The
Company represents and warrants to the Investor Parties that (a)&thinsp;the Company has the corporate power and authority to execute
this Agreement and to bind it thereto, (b)&thinsp;this Agreement has been duly and validly authorized, executed and delivered by the
Company, constitutes a valid and binding obligation and agreement of the Company, and is enforceable against the Company in accordance
with its terms, except as enforcement thereof may be limited by applicable bankruptcy, insolvency, reorganization, moratorium, fraudulent
conveyance or similar laws generally affecting the rights and remedies of creditors and subject to general equity principles and <FONT STYLE="color: red"><STRIKE></STRIKE></FONT>(c)&thinsp;the
execution, delivery and performance of this Agreement by the Company does not and will not violate or conflict with <FONT STYLE="color: red"><STRIKE></STRIKE></FONT>(i)&thinsp;any
law, rule, regulation, order, judgment or decree applicable to it or <FONT STYLE="color: red"><STRIKE></STRIKE></FONT>(ii)&thinsp;result
in any breach or violation of or constitute a default (or an event which with notice or lapse of time or both could become a default)
under or pursuant to, or result in the loss of a material benefit under, or give any right of termination, amendment, acceleration or
cancellation of, any organizational document, or any material agreement, contract, commitment, understanding or arrangement to which
the Company is a party or by which it is bound.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">11.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;<B><U>Representations
and Warranties and Acknowledgement of the Investor Parties</U></B>. Each Investor Party represents and warrants to the Company solely
for and on behalf of itself or himself that <FONT STYLE="color: red"><STRIKE></STRIKE></FONT>(a)&thinsp;this Agreement has been duly
and validly authorized, executed and delivered by such Investor Party, constitutes a valid and binding obligation and agreement of such
Investor Party, and is enforceable against such Investor Party in accordance with its terms, except as enforcement thereof may be limited
by applicable bankruptcy, insolvency, reorganization, moratorium, fraudulent conveyance or similar laws generally affecting the rights
and remedies of creditors and subject to general equity principles, <FONT STYLE="color: red"><STRIKE></STRIKE></FONT>(b)&thinsp;the
Investor Parties beneficially own an aggregate of 5,973,599 shares of Common Stock, (c) the signatory for such Investor Party has the
power and authority to execute this Agreement on behalf of itself or himself and the applicable Investor Party associated with that signatory&rsquo;s
name, and to bind such Investor Party to the terms hereof, (d)&thinsp;the execution, delivery and performance of this Agreement by such
Investor Party does not and will not violate or conflict with <FONT STYLE="color: red"><STRIKE> </STRIKE></FONT>(i)&thinsp;any law,
rule, regulation, order, judgment or decree applicable to it or <FONT STYLE="color: red"><STRIKE></STRIKE></FONT>(ii)&thinsp;result
in any breach or violation of or constitute a default (or an event which with notice or lapse of time or both could become a default)
under or pursuant to, or result in the</FONT></P>


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    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">loss of a material benefit under, or give any
right of termination, amendment, acceleration or cancellation of, any organizational document or any material agreement, contract, commitment,
understanding or arrangement to which such Investor Party is a party or by which it or he is bound, (e) the New Director is not and will
not be a stockholder designee or representative of any Investor Party, and each Investor Party shall not seek, and further acknowledges
that it or he does not and will not have the right to receive, confidential information concerning the Company from the New Director,
(f)&thinsp;each Investor Party is not, nor will any Investor Party become, party to any&thinsp;agreement, arrangement or understanding (whether
written or oral) with the New Director with respect to his service as a director on the Board and (g) each Investor Party acknowledges
that upon the delivery to Alta Fox Opportunities of the 680,563 shares of Common Stock converted pursuant to the Final Conversion Notice,
the Convertible Note will be fully converted, and therefore any and all obligations arising under the Notes Related Agreements shall be
deemed fully satisfied, accordingly, and subject to such delivery, the Investor Parties shall physically surrender the Convertible Note
to the Company, take any and all action to release any securities or obligations pursuant to the Guarantees and Securities and terminate
the Registration Rights Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">12.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;<B><U>No
Other Discussions or Arrangements</U></B>. Each Investor Party represents and warrants that, as of the Effective Date, except as publicly
disclosed in their respective filings with the U.S. Securities and Exchange Commission (the &ldquo;<B>SEC</B>&rdquo;) or otherwise specifically
disclosed to the Company in writing prior to the Effective Date, <FONT STYLE="color: red"><STRIKE></STRIKE></FONT>(a)&thinsp;none
of the Investor Parties owns, of record or beneficially, any Voting Securities or any securities convertible into, or exchangeable or
exercisable for, any Voting Securities, <FONT STYLE="color: red"><STRIKE></STRIKE></FONT>(b)&thinsp;none of the Investor Parties has
entered into, <FONT STYLE="font-weight: normal">directly or indirectly, any agreements or understandings with any Person (other than
their own respective Representatives) with respect to any potential transaction involving the Company or the voting or disposition of
any securities of the Company and (c) none of the Investor Parties is a member of or participant in a &ldquo;group&rdquo; (within the
meaning of Section 13(d)(3) of the Exchange Act) with respect to any Voting Securities as of the Effective Date except as has been disclosed
in that </FONT>certain Schedule 13D originally filed by the Investor Parties with the SEC on December 2, 2024 (the &ldquo;<B>Investor
Parties Schedule 13D</B>&rdquo;).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-weight: normal">13.<FONT STYLE="font-size: 10pt">&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;</FONT></FONT><B><U>Public Statements; SEC Filings</U></B><FONT STYLE="font-weight: normal">. </FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 0.5in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;</FONT>Within one (1) Business Day following the date of this Agreement, the Company shall issue a press release announcing this Agreement,
substantially in the form attached hereto as <U>Exhibit A</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 0.5in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;</FONT>The Company shall file with the SEC a Current Report on Form&thinsp;8-K&thinsp;reporting its entry into this Agreement and appending
this Agreement as an exhibit thereto (the &ldquo;<B>Form&thinsp;8-K</B>&rdquo;). The Form&thinsp;8-K&thinsp;shall be consistent with the terms
of this Agreement. The Company shall provide the Investor Parties with a reasonable opportunity to review and comment on the Form&thinsp;8-K&thinsp;prior
to the filing of the Form 8-K with the SEC and consider in good faith any such comments of the Investor Parties.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-weight: normal">(c)<FONT STYLE="font-size: 10pt">&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;No
later than two (2)&thinsp;Business Days following the Effective Date, the Investor Parties shall file with the SEC an amendment to the
Investor Parties Schedule 13D, in compliance with Section&thinsp;13 of the Exchange Act, to report their entry into this Agreement (such
amendment, the &ldquo;</FONT></FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Schedule 13D Amendment</B><FONT STYLE="font-weight: normal">&rdquo;).
The Schedule 13D</FONT></FONT></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify">Amendment shall be consistent with the
terms of this Agreement. The Investor Parties shall provide the Company with a reasonable opportunity to review and comment on the Schedule
13D Amendment prior to the filing of the Schedule 13D Amendment with the SEC and consider in good faith any such comments of the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">14.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif"><B><U>Term;
Termination</U></B></FONT>. The term of this Agreement shall commence on the Effective Date and shall remain in effect until the date
immediately following the conclusion of the 2027 Annual Meeting (such date, the&thinsp;&ldquo;<B>Termination Date</B>&rdquo;); <U>provided</U>,&thinsp;<U>however</U>,
that (a)&thinsp;the Investor Parties may earlier terminate this Agreement if the Company commits a material breach of its obligations
under this Agreement that (if capable of being cured) is not cured within fifteen (15)&thinsp;days after the Company&rsquo;s receipt
of written notice from the Investor Parties specifying the material breach, or, if impossible to cure within fifteen (15)&thinsp;days,
that the Company has not taken any substantive action to cure within such fifteen (15)&thinsp;day period and (b)&thinsp;the Company may
earlier terminate this Agreement if any Investor Party commits a material breach of this Agreement that (if capable of being cured) is
not cured within fifteen (15)&thinsp;days after such Investor Party&rsquo;s receipt of written notice from the Company specifying the
material breach, or, if impossible to cure within fifteen (15)&thinsp;days, that such Investor Party has not taken any substantive action
to cure within such fifteen (15)&thinsp;day period. Notwithstanding anything to the contrary contained herein, the provisions of <U>Section
7</U> and <U>Section&thinsp;15</U> through <U>Section&thinsp;26</U> hereof shall survive the termination of this Agreement. The termination
of this Agreement shall not relieve any Party from its responsibilities in respect of any breach of this Agreement prior to such termination.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-weight: normal">15.<FONT STYLE="font-size: 10pt">&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;</FONT></FONT><B><U>Expenses</U></B>. The Company shall pay to the Investor Parties an amount not to exceed in the aggregate $1,200,000
(a) in exchange for the Investor Release set forth in <U>Section 7(b)</U> hereof, (b) the dismissal with prejudice of the Alta Fox Litigation
set forth in <U>Section 8</U> hereof and (c)&thinsp;as reimbursement for the Investor Parties&rsquo; reasonable, well-documented, out-of-pocket
fees and expenses (including legal expenses) incurred by the Investor Parties in connection with the negotiation and execution of this
Agreement and the transactions contemplated hereby.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">16.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif"><B><U>Governing
Law; Jurisdiction</U></B></FONT>. This Agreement shall be governed by and construed in accordance with the internal laws of the State
of Delaware without giving effect to any choice or conflict of law provision or rule that would cause the application of laws of any
jurisdiction other than those of the State of Delaware. Each Party agrees that it shall bring any suit, action, or other proceeding in
respect of any claim arising out of or related to this Agreement (each, an &ldquo;<B>Action</B>&rdquo;) exclusively in (a)&thinsp;the
Delaware Court of Chancery in and for New Castle County, (b)&thinsp;in the event (but only in the event) that the Delaware Court of Chancery
in and for New Castle County does not have subject matter jurisdiction over such Action, the United States District Court for the District
of Delaware or (c)&thinsp;in the event (but only in the event) that United States District Court for the District of Delaware does not
have subject matter jurisdiction over such Action, any other Delaware state court (collectively, the &ldquo;<B>Chosen Courts</B>&rdquo;),
and, solely in connection with an Action, irrevocably (i)&thinsp;submits to the exclusive jurisdiction of the Chosen Courts, (ii)&thinsp;waives
any jurisdictional defenses (including, without limitation, personal jurisdiction and venue) to any such Action, (iii)&thinsp;waives
any objection that the Chosen Courts are an inconvenient forum or do not have jurisdiction over any Party and (iv)&thinsp;agrees that
service of process upon such Party in any such Action shall be effective if notice is given in accordance with&thinsp;<U>Section&thinsp;20
</U>hereof. Each Party agrees that a final judgment in any Action brought in the Chosen Courts shall be conclusive and binding</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">upon each Party and may be enforced in any
other courts, the jurisdiction of which each Party is or may be subject, by suit upon such judgment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">17.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif"><B><U>Waiver
of Jury Trial</U></B></FONT>. EACH PARTY TO THIS AGREEMENT ACKNOWLEDGES AND AGREES THAT ANY CONTROVERSY WHICH MAY ARISE UNDER THIS
AGREEMENT IS LIKELY TO INVOLVE COMPLICATED AND DIFFICULT ISSUES AND, THEREFORE, EACH SUCH PARTY IRREVOCABLY AND UNCONDITIONALLY
WAIVES TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LEGAL ACTION
ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED BY THIS AGREEMENT. EACH PARTY TO THIS AGREEMENT
CERTIFIES AND ACKNOWLEDGES THAT <FONT STYLE="color: red"><STRIKE></STRIKE></FONT>(A)&thinsp;NO REPRESENTATIVE OF ANY OTHER PARTY HAS
REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT SEEK TO ENFORCE THE FOREGOING WAIVER IN THE EVENT OF A LEGAL
ACTION, <FONT STYLE="color: red"><STRIKE></STRIKE></FONT>(B)&thinsp;SUCH PARTY HAS CONSIDERED THE IMPLICATIONS OF THIS WAIVER, <FONT STYLE="color: red"><STRIKE> </STRIKE></FONT>(C)&thinsp;SUCH
PARTY MAKES THIS WAIVER VOLUNTARILY AND <FONT STYLE="color: red"><STRIKE></STRIKE></FONT>(D)&thinsp;SUCH PARTY HAS BEEN INDUCED TO
ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS <U>SECTION&thinsp;17</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">18.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif"><B><U>Specific Performance</U></B></FONT>. Each Party acknowledges and
agrees that irreparable injury to the other Party or Parties may occur in the event any of the provisions of this Agreement are not performed
in accordance with their specific terms or are otherwise breached and that such injury may not be adequately compensable by the remedies
available at law (including, without limitation, the payment of money damages). It is accordingly agreed that each Party (the &ldquo;<B>Moving
Party</B>&rdquo;) shall be entitled to seek specific enforcement, injunctive or other equitable relief as a remedy for any such breach
or to prevent any violation or threatened violation of, the terms hereof, and the other Party will not take action, directly or indirectly,
in opposition to the Moving Party seeking such relief on the grounds that any other remedy or relief is available at law or in equity.
Each Party further agrees to waive any requirement for the security or posting of any bond in connection with any such relief. The remedies
available pursuant to this <U>Section&thinsp;18</U> shall not be deemed to be the exclusive remedies for a breach of this Agreement but
shall be in addition to all other remedies available at law or equity.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">19.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif"><B><U>Certain Definitions</U></B></FONT>. As used in this Agreement:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 0.5in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;</FONT>&ldquo;<B>Affiliate</B>&rdquo; shall mean any &ldquo;Affiliate&rdquo; as defined in Rule&thinsp;12b-2 promulgated by the SEC under
the Exchange Act, and, for the avoidance of doubt, including, without limitation, Persons who become Affiliates subsequent to the Effective
Date; <U>provided</U>, <U>however</U>, that, for purposes of this Agreement, no Investor Party shall be deemed an Affiliate of the Company,
and the Company shall not be deemed an Affiliate of any Investor Party;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 0.5in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;</FONT>&ldquo;<B>Associate</B>&rdquo; shall mean any &ldquo;Associate&rdquo; as defined in Rule&thinsp;12b-2 promulgated by the SEC under
the Exchange Act, and, for the avoidance of doubt, including, without limitation, Persons who become Associates subsequent to the Effective
Date;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 0.5in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;</FONT>&ldquo;<B>Business
Day</B>&rdquo; shall mean any day other than a Saturday, Sunday or day on which the commercial banks in the State of New York are authorized
or obligated to be closed by applicable law;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 0.5in">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;</FONT>&ldquo;<B>Bylaws</B>&rdquo; shall mean the Amended and Restated Bylaws of the Company, as amended and restated on January&thinsp;29,
2023, and as may be amended, corrected, or further amended and restated from time to time;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 0.5in">(e)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;</FONT>&ldquo;<B>Change of Control</B>&rdquo; shall be deemed to have taken place if <FONT STYLE="color: red"><STRIKE></STRIKE></FONT>(i)&thinsp;any
Person is or becomes a beneficial owner, directly or indirectly, of securities of the Company representing more than fifty percent (50%)
of the equity interests and voting power of the Company&rsquo;s then-outstanding equity securities or <FONT STYLE="color: red"><STRIKE></STRIKE></FONT>(ii)&thinsp;the
Company enters into a stock-for-stock transaction whereby, immediately after the consummation of the transaction the Company&rsquo;s shareholders
retain, directly or indirectly, less than fifty percent (50%) of the equity interests and voting power of the surviving entity&rsquo;s
then-outstanding equity securities;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 0.5in">(f)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;</FONT>&ldquo;<B>Charter</B>&rdquo; shall mean the Amended and Restated Articles of Incorporation with Articles of Amendment of the Company,
as amended and restated on November&thinsp;16, 2018, and as may be amended, corrected, or further amended and restated from time to time;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 0.5in">(g)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;</FONT>&ldquo;<B>Common Stock</B>&rdquo; shall mean the shares of common stock, no par value, of the Company;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 0.5in">(h)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;</FONT>&ldquo;<B>Extraordinary Transaction</B>&rdquo; shall mean any equity tender offer, equity exchange offer, merger, acquisition,
joint venture, business combination, financing, recapitalization, reorganization, restructuring, disposition, distribution, or other transaction
with a Third Party that, in each case, would result in a Change of Control of the Company, the liquidation, dissolution or other extraordinary
transaction involving a majority of its equity securities or a majority of its assets (determined on a consolidated basis), or any transaction
with a Third Party that is submitted for a vote of the Company&rsquo;s shareholders (including, for the avoidance of doubt, any PIPE,
convertible note, convertible preferred security or similar structure that on a fully diluted basis, would result in an increase of 10%
or more of the shares then outstanding prior to the contemplated transaction);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 0.5in">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;</FONT>&ldquo;<B>Independent Director</B>&rdquo; shall have the meaning ascribed to it in the Listing Rule 5605(a)(2) of the NASDAQ Stock
Market LLC or the applicable requirements of such other national securities exchange designated as the primary market on which the Common
Stock is listed for trading;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 0.5in">(j)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;</FONT>&ldquo;<B>Parties</B>&rdquo; shall mean the Company and the collective Investor Parties, and each of the Company and the collective
Investor Parties, respectively, a &ldquo;<B>Party</B>&rdquo;;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 0.5in">(k)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;</FONT>&ldquo;<B>Person</B>&rdquo; or &ldquo;<B>Persons</B>&rdquo; shall mean any individual, corporation (including, without limitation,
not-for-profit), general or limited partnership, limited liability company, joint venture, estate, trust, association, organization or
other entity of any kind, structure or nature;</P>


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 0.5in">(l)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;</FONT>&ldquo;<B>Representative</B>&rdquo;
shall mean a Person&rsquo;s Affiliates and Associates and its and their respective directors, officers, employees, partners, members,
managers, consultants, legal or other advisors, agents and other representatives; <U>provided</U>, that when used with respect to the
Company, &ldquo;Representative&rdquo; shall not include any non-executive employees;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 0.5in">(m)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;</FONT>&ldquo;<B>Third Party</B>&rdquo; shall mean any Person that is not (i)&thinsp;a Party to this Agreement, (ii)&thinsp;a member
of the Board, <FONT STYLE="color: red"><STRIKE></STRIKE></FONT>(iii)&thinsp;an officer of the Company or <FONT STYLE="color: red"><STRIKE></STRIKE></FONT>(iv)&thinsp;an
Affiliate or Associate of any Party; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 0.5in">(n)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;</FONT>&ldquo;<B>Voting Securities</B>&rdquo; shall mean the Common Stock and any other securities of the Company entitled to vote in
the election of directors.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">20.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;<B><U>Notices</U></B>.
All notices, requests, consents, claims, demands, waivers, and other communications hereunder shall be in writing and shall be deemed
to have been given: (a)&thinsp;when delivered by hand (with written confirmation of receipt), (b)&thinsp;when received by the addressee
if sent by a nationally recognized overnight courier (receipt requested),  (c)&thinsp;on the date sent by email (with confirmation of
transmission) if sent during normal business hours, and on the next Business Day if sent after normal business hours or (d)&thinsp;on
the third day after the date mailed, by certified or registered mail, return receipt requested, postage prepaid. Such communications
must be sent to the respective Parties at the addresses set forth in this <U>Section&thinsp;20</U> (or to such other address that may
be designated by a Party from time to time in accordance with this <U>Section&thinsp;20</U>).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">If to the Company, to its address at:<BR>
<BR>
Daktronics, Inc.<BR>
201 Daktronics Drive<BR>
Brookings, South Dakota 57006<BR>
Attention: &#9;Sheila M. Anderson<BR>
Email: &#9;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;Sheila.Anderson@daktronics.com</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">with a copy (which shall not constitute
notice) to:<BR>
<BR>
Vinson &amp; Elkins L.L.P.<BR>
1114 Avenue of the Americas, 32nd Floor<BR>
New York, New York 10036<BR>
Attention:&thinsp;&thinsp;Lawrence&thinsp;S. Elbaum<BR>
&#9;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;Francisco Morales Barr&oacute;n<BR>
&#9;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;C. Patrick Gadson<BR>
&thinsp;Email: &#9;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;lelbaum@velaw.com<BR>
&#9;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;fmorales@velaw.com<BR>
&#9;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;pgadson@velaw.com</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">If to an Investor Party, to the address
at:<BR>
<BR>
Alta Fox Capital Management, LLC<BR>
640 Taylor Street, Suite 2522<BR>
Fort Worth, Texas 76102<BR>
Attention: &#9;P. Connor Haley<BR>
Email: &#9;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;Connor@altafoxcapital.com</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">with a copy (which shall not constitute
notice) to:<BR>
<BR>
Wilson Sonsini Goodrich &amp; Rosati<BR>
1301 Avenue of the Americas, 40th Floor<BR>
New York, New York 10019<BR>
Attention: &#9;Sebastian Alsheimer<BR>
Email: &#9;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;salsheimer@wsgr.com</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">21.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif"><B><U>Entire Agreement; Amendment</U></B></FONT>. This Agreement constitutes
the sole and entire agreement of the Parties with respect to the subject matters contained herein, and it supersedes all prior and contemporaneous
understandings, agreements, representations, and warranties, both written and oral, with respect to such subject matters. This Agreement
may be amended, modified or supplemented only by an agreement in writing signed by each Party.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">22.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;<B><U>Severability</U></B></FONT>.
If any term or provision of this Agreement is invalid, illegal or unenforceable in any jurisdiction, such invalidity, illegality or unenforceability
shall not affect any other term or provision of this Agreement or invalidate or render unenforceable such term or provision in any other
jurisdiction.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">23.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;<B><U>Counterparts</U></B></FONT>.
This Agreement may be executed in counterparts, each of which shall be deemed an original, but all of which together shall be deemed
to be one and the same agreement. A signed copy of this Agreement delivered by email or other means of electronic transmission shall
be deemed to have the same legal effect as delivery of an original signed copy of this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">24.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;<B><U>Assignment</U></B></FONT>.
No Party may assign any of its rights or delegate any of its obligations hereunder without the prior written consent of the other Party;
<U>provided</U>, that each Party may assign any of its rights and delegate any of its obligations hereunder to any Person that acquires
substantially all of that Party&rsquo;s assets, whether by stock sale, merger, asset sale or otherwise. Any purported assignment or delegation
in violation of this <U>Section&thinsp;24</U> shall be null and void. No assignment or delegation shall relieve the assigning or delegating
Party of any of its obligations hereunder. This Agreement is for the sole benefit of the Parties and their respective successors and
permitted assigns and nothing herein, express or implied, is intended to or shall confer upon any other Person any legal or equitable
right, benefit or remedy of any nature whatsoever under or by reason of this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">25.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif"><B><U>Waivers</U></B></FONT>. No waiver by any Party of any of the provisions
of this Agreement shall be effective unless explicitly set forth in writing and signed by the Party so waiving. No waiver by any Party
shall operate or be construed as a waiver in respect of any failure, breach, or default not</P>


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    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">expressly identified by such written waiver,
whether of a similar or different character, and whether occurring before or after that waiver. No failure to exercise, or delay in exercising,
any right, remedy, power, or privilege arising from this Agreement shall operate or be construed as a waiver thereof; nor shall any single
or partial exercise of any right, remedy, power, or privilege hereunder preclude any other or further exercise thereof or the exercise
of any other right, remedy, power, or privilege.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">26.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;
</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif"><B><U>Interpretation</U></B></FONT>. Each Party acknowledges that it
has been represented by legal counsel of its choice throughout all negotiations that have preceded the execution of this Agreement and
that it has executed the same with the advice of said counsel. Each Party and its respective legal counsel cooperated and participated
in the drafting and preparation of this Agreement and the documents referred to herein, and may not be construed against any Party by
reason of its drafting or preparation. Accordingly, any rule of law or any legal decision that would require interpretation of any ambiguities
in this Agreement against any Party that drafted or prepared it is of no application and is expressly waived by each Party, and any controversy
over interpretations of this Agreement shall be decided without regard to events of drafting or preparation. The headings set forth in
this Agreement are for convenience of reference purposes only and shall not affect or be deemed to affect in any way the meaning or interpretation
of this Agreement or any term or provision of this Agreement. In this Agreement, unless a clear contrary intention appears, (a)&thinsp;the
word &ldquo;including&rdquo; (in its various forms) means &ldquo;including, without limitation,&rdquo; (b)&thinsp;the words &ldquo;hereunder,&rdquo;
&ldquo;hereof,&rdquo; &ldquo;hereto&rdquo; and words of similar import are references in this Agreement as a whole and not to any particular
provision of this Agreement, (c)&thinsp;the word &ldquo;or&rdquo; is not exclusive, (d)&thinsp;references to &ldquo;Sections&rdquo; in
this Agreement are references to Sections of this Agreement unless otherwise indicated, and (e)&thinsp;whenever the context requires,
the masculine gender shall include the feminine and neuter genders.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center">(<I>Signature Page Follows</I>)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left"><B>&thinsp;</B></P>


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    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in"><B>IN WITNESS WHEREOF</B>,
the Parties have executed this Agreement to be effective as of the Effective Date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 3in; text-align: left">&thinsp;</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"><B><U>THE COMPANY</U>:</B></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 49%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2"><B>DAKTRONICS, INC.</B></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid">/s/ Reece A. Kurtenbach</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>Name:&nbsp;</TD>
    <TD>Reece A. Kurtenbach</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>Title:</TD>
    <TD>President and Chief Executive Officer</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 3in; text-align: left">&thinsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 3in; text-align: left"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 3in; text-align: left">&thinsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 3in; text-align: left">&thinsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 3in; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><I>(Signature Page to Cooperation Agreement)</I></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">&thinsp;</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><B>&nbsp;</B></TD>
    <TD COLSPAN="2"><B><U>INVESTOR PARTIES</U>:</B></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 49%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2"><B>ALTA FOX CAPITAL MANAGEMENT, LLC</B></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid">/s/ P. Connor Haley</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>Name:</TD>
    <TD>P. Connor Haley</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>Title:</TD>
    <TD>Manager</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2"><B>ALTA FOX OPPORTUNITIES FUND, LP</B></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>By:</TD>
    <TD>Alta Fox GenPar, LP, its General Partner</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>By:</TD>
    <TD>Alta Fox Equity, LLC, its General Partner</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid">/s/ P. Connor Haley</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>Name:</TD>
    <TD>P. Connor Haley</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>Title:</TD>
    <TD>Manager</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2"><B>ALTA FOX GENPAR, LP</B></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>By:</TD>
    <TD>Alta Fox Equity, LLC, its General Partner</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid">/s/ P. Connor Haley</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>Name:</TD>
    <TD>P. Connor Haley</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>Title:</TD>
    <TD>Manager</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2"><B>ALTA FOX EQUITY, LLC</B></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid">/s/ P. Connor Haley</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>Name:</TD>
    <TD>P. Connor Haley</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>Title:</TD>
    <TD>Manager</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2"><B>P. CONNOR HALEY</B></TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 3in; text-align: left"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 3in; text-align: left"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 3in; text-align: left"><B></B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><I>(Signature Page to Cooperation Agreement)</I>&nbsp;</P>


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 3in; text-align: left"><B>&thinsp;</B></P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Daktronics and Alta Fox Enter into Cooperation Agreement</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><I>Daktronics to Appoint Peter Feigin to the Board</I></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><I>Daktronics Confirms Its Commitment to An Investor
Day in 2025</I></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><I>Alta Fox to Withdraw Litigation and Support Reincorporation
to Delaware</I></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">BROOKINGS, S.D., March 3, 2025 &ndash; Daktronics,
Inc. (&ldquo;Daktronics,&rdquo; the &ldquo;Company,&rdquo; &ldquo;we,&rdquo; or &ldquo;us&rdquo;) (NASDAQ-DAKT), the leading U.S.-based
designer and manufacturer of best-in-class dynamic video communication displays and control systems for customers worldwide, today announced
it has entered into a cooperation agreement (the &ldquo;Cooperation Agreement&rdquo;) with Alta Fox Capital Management, LLC (collectively
with certain of its affiliates, &ldquo;Alta Fox&rdquo;), which is the Company&rsquo;s largest shareholder.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Pursuant to the Cooperation Agreement, the Company
will appoint Peter Feigin, an Alta Fox-recommended candidate, as a new independent member of its Board of Directors (the &ldquo;Board&rdquo;).
Mr. Feigin will immediately join the Board&rsquo;s Transformation Committee. He currently serves as the President of Milwaukee Bucks Inc.
(the &ldquo;Bucks&rdquo;) and the Fiserv Forum sports arena, brings more than 25 years of sales and marketing experience, including as
Chief Marketing and Revenue Officer of Deluxe Entertainment Services Group, an international entertainment company.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Daktronics has also confirmed that it will host an
Investor Day in 2025 to provide shareholders with greater insight into the Company&rsquo;s strategy, financial targets and outlook, and
capital allocation framework. In addition, Daktronics will solicit input from Alta Fox on its search for a new Chief Financial Officer.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">As part of the Cooperation Agreement, Alta Fox has
agreed to withdraw all litigation against the Company with prejudice, support the Company&rsquo;s reincorporation to Delaware, and adhere
to customary standstill restrictions and voting commitments through the Company&rsquo;s 2027 annual meeting of shareholders.</P>

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


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&ldquo;The addition of Peter Feigin to the Board will
bolster the Company&rsquo;s efforts to drive long-term value,&rdquo; said Reece Kurtenbach, Daktronics Chairman, President, and Chief
Executive Officer. &ldquo;We welcome him and look forward to working together.&rdquo;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Connor Haley, Managing Partner of Alta Fox, added,
&ldquo;It is a win for all of Daktronics&rsquo; shareholders and stakeholders to have Peter, a well-known sports and entertainment industry
leader, join the Company&rsquo;s Board. Together with leadership&rsquo;s governance enhancements and investor relations commitments, his
appointment positions Daktronics for long-term success. We are pleased to move forward in a constructive manner and work with the Board
and management to enhance value for shareholders.&rdquo;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">A copy of the Cooperation Agreement will be included
as an exhibit to the Company&rsquo;s Current Report on Form 8-K, which will be filed with the U.S. Securities and Exchange Commission
(the &ldquo;SEC&rdquo;).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left"><B>About Peter Feigin</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Peter Feigin currently serves as the President of
the Bucks, an American professional basketball team that won the NBA Championship in 2021, and Fiserv Forum, the Bucks&rsquo; arena. Prior
to joining the Bucks, Mr. Feigin served as the Chief Marketing and Revenue Officer of Deluxe Entertainment Services Group, a major international
entertainment company, from May 2013 to October 2014. Prior to that, Mr. Feigin was the President of Marquis Jet Partners Inc., a leading
private aviation company from 2010 to 2011. From 1998 to 2004, Mr. Feigin worked for the New York Knicks in a variety of roles, culminating
in a position as the Vice President of Marketing of Madison Square Garden Sports Corp. (NYSE: MSGS). From 1993 to 1998, he held various
sales and marketing positions, including Director of Marketing and Promotions, with Six Flags Theme Parks Inc., which was then a Time
Warner company. Mr. Feigin received his B.A. from Franklin &amp; Marshall College.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Daktronics has strong leadership positions in, and
is the world's largest supplier of, large-screen video displays, electronic scoreboards, LED text and graphics displays, and related control
systems. The Company excels in the control of display systems, including those that require integration of multiple complex displays showing
real-time information, graphics, animation, and video. Daktronics designs, manufactures, markets and services display systems for customers
around the world in four domestic business units: Live</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Events, Commercial, High School Park and Recreation,
and Transportation, and one International business unit. For more information, visit the Company's website at: <FONT STYLE="color: #467886">www.daktronics.com</FONT>.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Cautionary Notice: In addition to statements of historical
fact, this news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995
and is intended to enjoy the protection of that Act. These forward-looking statements reflect the Company's expectations or beliefs concerning
future events. The Company cautions that these and similar statements involve risk and uncertainties which could cause actual results
to differ materially from our expectations, including, but not limited to, changes in economic and market conditions, management of growth,
timing and magnitude of future contracts and orders, fluctuations in margins, the introduction of new products and technology, the impact
of adverse weather conditions, increased regulation, and other risks described in the Company's filings with the SEC, including its Annual
Report on Form 10-K for its 2024 fiscal year. Forward-looking statements are made in the context of information available as of the date
stated. The Company undertakes no obligation to update or revise such statements to reflect new circumstances or unanticipated events
as they occur.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left"><B>For more information contact:</B></P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left">Sheila M. Anderson, Chief Financial Officer</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left">Tel (605) 692-0200</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; color: #467886">Investor@daktronics.com</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left">Carolyn Capaccio / Jody Burfening</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; color: #467886">DAKTIRTeam@allianceadvisors.com</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left">Riyaz Lalani / Lindsay Barber</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; color: #467886">Daktronics@gagnierfc.com</P>

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

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

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

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



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