<SEC-DOCUMENT>0001654954-21-002446.txt : 20210308
<SEC-HEADER>0001654954-21-002446.hdr.sgml : 20210308
<ACCEPTANCE-DATETIME>20210308091535
ACCESSION NUMBER:		0001654954-21-002446
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		5
CONFORMED PERIOD OF REPORT:	20210305
ITEM INFORMATION:		Entry into a Material Definitive Agreement
ITEM INFORMATION:		Unregistered Sales of Equity Securities
ITEM INFORMATION:		Regulation FD Disclosure
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20210308
DATE AS OF CHANGE:		20210308

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Crexendo, Inc.
		CENTRAL INDEX KEY:			0001075736
		STANDARD INDUSTRIAL CLASSIFICATION:	TELEPHONE COMMUNICATIONS (NO RADIO TELEPHONE) [4813]
		IRS NUMBER:				870591719
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-32277
		FILM NUMBER:		21720757

	BUSINESS ADDRESS:	
		STREET 1:		1615 S. 52ND STREET
		CITY:			TEMPE
		STATE:			AZ
		ZIP:			85281
		BUSINESS PHONE:		8012270004

	MAIL ADDRESS:	
		STREET 1:		1615 S. 52ND STREET
		CITY:			TEMPE
		STATE:			AZ
		ZIP:			85281

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	IMERGENT INC
		DATE OF NAME CHANGE:	20020710

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	NETGATEWAY INC
		DATE OF NAME CHANGE:	19990527
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>cxdo_8k.htm
<DESCRIPTION>CURRENT REPORT
<TEXT>
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UNITED STATES</font></div>
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SECURITIES AND EXCHANGE COMMISSION</font></div>
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FORM 8-K</font></div>
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_______________</font></div>
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CURRENT REPORT</font></div>
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Pursuant to Section&#xA0;13 or 15(d) of The Securities Exchange Act
of 1934</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Date of
report (Date of earliest event reported):&#xA0;March 5,
2021</font></div>
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_______________</font></div>
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Crexendo, Inc.</font></div>
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(Exact Name of Registrant as Specified in Its Charter)</font></div>
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_______________</font></div>
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Nevada</font></div>
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001-32277</font></div>
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87-0591719</font></div>
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of Incorporation)</font></div>
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File Number)</font></div>
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Identification No.)</font></div>
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1615 S. 52<font style="font-size: 70%; vertical-align: top">nd</font> Street, Tempe, AZ
85281</font></div>
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(Address of Principal Executive Offices) (Zip Code)</font></div>
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(602) 714-8500</font></div>
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below):</font></div>
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communications pursuant to Rule&#xA0;425 under the Securities Act
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pursuant to Rule&#xA0;14a-12 under the Exchange Act (17 CFR
240.14a-12)</font></div>
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communications pursuant to Rule&#xA0;14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))</font></div>
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communications pursuant to Rule&#xA0;13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c))</font></div>
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<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Securities
registered or to be registered pursuant to Section 12(b) of the
Act:</font></div>
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Title of each class</font></div>
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Trading Symbol(s)</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Common
Stock, par value $0.001 per share</font></div>
</td>
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<font style="font-family: Times New Roman; font-size: 13px">CXDO</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">The
Nasdaq Capital Market</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Indicate
by check mark whether the registrant is an emerging growth company
as defined in Rule 405 of the Securities Act of 1933 (&#xA7;230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of
1934 (&#xA7;240.12b-2 of this chapter).</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<td style="vertical-align: top; width: 90%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Emerging growth company</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-size: 13px">&#x2610;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 3%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 90%">
<div style="text-align: justify; margin-left: 36px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">If
an emerging growth company, indicate by check mark if the
registrant has elected not to use the extended transition period
for complying with any new or revised financial accounting
standards provided pursuant to Section 13(a) of the Exchange
Act.</font></div>
</td>
<td style="vertical-align: top; width: 7%">
<div style="text-align: center"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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</div>
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<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
Item 1.01 Entry Into A Material Definitive Agreement.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px">
The Merger Agreement</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">On
March 5, 2021, Crexendo, Inc. (&#x201C;we,&#x201D; &#x201C;us,&#x201D;
&#x201C;our&#x201D; or the &#x201C;Company&#x201D;) entered into an
Agreement and Plan of Merger and Reorganization (the &#x201C;Merger
Agreement&#x201D;) with<font style="font-size: 13px">&#xA0;</font>Crexendo Merger Sub, Inc., a
Delaware corporation and a direct, wholly-owned subsidiary of the
Company (&#x201C;Merger Sub I&#x201D;), Crexendo Merger Sub, LLC, a
Delaware limited liability company and a direct, wholly-owned
subsidiary of the Company (&#x201C;Merger Sub II&#x201D; and,
together with Merger Sub I, the &#x201C;Merger Subs&#x201D;),
NetSapiens, Inc., a Delaware corporation
(&#x201C;NetSapiens&#x201D;), and David Wang as the Stockholder
Representative (as defined in the Merger Agreement).</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">Pursuant to the
Merger Agreement, Merger Sub I will merge with and into NetSapiens,
with NetSapiens continuing as the surviving entity (the
&#x201C;First Merger&#x201D;), and, as a part of the same overall
transaction, the surviving entity of the First Merger will merge
with and into Merger Sub II, with Merger Sub II continuing as the
surviving entity and a wholly-owned subsidiary of the Company (the
&#x201C;Second Merger,&#x201D; and, together with the First Merger,
the &#x201C;Mergers&#x201D;). Immediately following the consummation
of the Second Merger, the name of Merger Sub II will be changed to
&#x201C;NetSapiens, LLC&#x201D;.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">The
board of directors of the Company and NetSapiens have approved the
Merger Agreement and the transactions contemplated thereby (the
&#x201C;Transactions&#x201D;).</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="text-decoration: underline; font-style: italic; font-family: Times New Roman; font-size: 13px">
Consideration</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">Subject
to the terms of the Merger Agreement<font style="font-size: 13px">,</font> <font style="color: #212529">the total
consideration for the Mergers, including repayment of debt and
expenses, is approximately $50 million, consisting of (1)
$10&#xA0;million in cash, and (2) approximately $40 million in the
form of approximately 6,462,036 shares of the Company&#x2019;s
common stock, par value $0.001 per share, and valued at $6.19 per
share for the purpose of determining the aggregate number of shares
payable to NetSapiens&#x2019; equityholders (the
&#x201C;Shares&#x201D;). The merger consideration is subject to
customary upward or downward adjustments for NetSapiens&#x2019;s net
working capital and closing cash. At the closing, a portion of
NetSapiens&#x2019; outstanding in-the-money options will be
cancelled and exchanged for the Company&#x2019;s options to be
issued under the Company&#x2019;s equity incentive plan at an
exchange ratio determined pursuant to the Merger Agreement. In
addition, holders of outstanding common stock, in-the-money stock
options and in-the-money warrants of the Company will receive a
portion of the merger consideration as described above on a pro
rata basis and/or in accordance with the Merger Agreement and any
option or warrant cancellation agreements entered into by such
equityholders.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="text-decoration: underline; font-style: italic; font-family: Times New Roman; font-size: 13px">
Representations, Warranties and Covenants</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">The
Merger Agreement contains mutual customary representations and
warranties made by each of the Company, Merger Subs and NetSapiens.
It also contains customary pre-closing covenants, including
covenants for NetSapiens, among others, (i)&#xA0;to operate its
businesses in the ordinary course consistent with past practice and
to refrain from taking certain actions without the Company&#x2019;s
consent, (ii)&#xA0;not to solicit, initiate or knowingly take any
action to facilitate or encourage, and, subject to certain
exceptions, not to participate or engage in any discussions or
negotiations, or cooperate in any way with respect to, any
inquiries or the making of, any proposal of an alternative
transaction, (iii)&#xA0;subject to certain exceptions, not to
withdraw, qualify or modify the support of its board of directors
for the Merger Agreement and the Transactions, as applicable, and
(iv)&#xA0;to use its reasonable best efforts to obtain governmental
and third party approvals. In addition, the Merger Agreement
contains covenants that require each of the Company and NetSapiens
to hold a stockholder vote on the Mergers and the other
Transactions as soon as reasonably practicable after signing the
Merger Agreement and, subject to certain exceptions, require each
of the boards of directors of the Company and NetSapiens to
recommend to its stockholders to approve the
Transactions.</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="text-decoration: underline; font-style: italic; font-family: Times New Roman; font-size: 13px">
Conditions to the Mergers</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 36px">
<font style="font-family: Times New Roman; font-size: 13px">The
completion of the Mergers is subject to the satisfaction or waiver
of certain conditions, including (i)&#xA0;the adoption of the
Merger Agreement by the affirmative vote of the holders of a
majority of all outstanding shares of NetSapiens entitled to vote
thereon (the &#x201C;NetSapiens Stockholder Approval&#x201D;);
(ii)&#xA0;the approval of the issuance of the Shares and the other
matters requiring stockholder approval for the consummation of the
Transactions (collectively, the &#x201C;Parent Proposals&#x201D;) by
the affirmative vote of the holders of a majority of all
outstanding shares of the Company entitled to vote thereon (the
&#x201C;Company Stockholder Approval&#x201D;); and (iii) the absence
of governmental restraints or prohibitions preventing the
consummation of the Mergers. The obligation of each of the Company
and NetSapiens to consummate the Mergers is also conditioned on,
among other things, the truth and correctness of the
representations and warranties made by the other party as of the
closing date (subject to certain &#x201C;materiality&#x201D; and
&#x201C;material adverse effect&#x201D; qualifiers), the performance
of the covenants required by the Merger Agreement in all material
respects and there being no material adverse effect with respect to
the Company or NetSapiens. In addition, the obligation of
NetSapiens to consummate the Mergers is conditioned on it
reasonably determining that the Transactions qualify as a tax-free
reorganization pursuant to Section 368(a)(1) of the Internal
Revenue Code<font style="font-size: 13px">&#xA0;</font>of 1986, as
amended.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="text-decoration: underline; font-style: italic; font-family: Times New Roman; font-size: 13px">
Certain Other Terms of the Merger Agreement</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 36px">
<font style="font-family: Times New Roman; font-size: 13px">The
Merger Agreement contains certain termination rights for each of
the Company and NetSapiens, including in the event that
(i)&#xA0;the Mergers are not consummated on or before 120 days
after the signing date (the &#x201C;End Date&#x201D;), (ii)&#xA0;the
NetSapiens Stockholder Approval or the Company Stockholder Approval
is not obtained, or (iii)&#xA0;if any law or governmental order
having the effect of preventing the consummation of the
Transactions shall have become final and nonappealable, provided
that this right to termination shall not be available to the party
whose breach of representation, warranty or covenant resulted in
the issuance of such law or governmental order. Either of the
Company or NetSapiens may also terminate the Merger Agreement if
the other party has materially breached any representation,
warranty or covenant causing certain closing conditions to not be
satisfied, subject to a 20-day cure period, provided, that, the
terminating party is not in any material breach of its
representation, warranty or covenant.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 36px">
<font style="font-family: Times New Roman; font-size: 13px">The
Merger Agreement further provides that subject to certain
limitations, if either the Company or NetSapiens fails to obtain
its stockholder approval of the Transactions prior to the End Date,
then it will need to pay the other party the out-of-pocket expenses
incurred by the other party to effect the Mergers since entering
into the non-binding letter of intent regarding the Mergers (the
&#x201C;Expenses&#x201D;); provided, that, if NetSapiens fails to
obtain its stockholder approval as a result of its board of
directors changing its recommendation in favor of the Transactions
or causing NetSapiens to enter into an alternative transaction with
respect to a Superior Proposal (as defined in the Merger
Agreement), NetSapiens will be required to pay the Expenses as well
as grant a two-year license to the Company, as specified in the
Merger Agreement.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 36px">
<font style="font-family: Times New Roman; font-size: 13px">The
Agreement provides for mutual indemnification for breaches of
representations and covenants, subject to certain deductible and
cap limitations.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 36px">
<font style="font-family: Times New Roman; font-size: 13px">The
foregoing description of the Merger Agreement is not complete and
is qualified in its entirety by the text of the Merger Agreement,
which is filed as Exhibit 2.1 to this Current Report on Form 8-K
and is incorporated herein by reference. The Merger Agreement has
been attached to provide investors with information regarding its
terms. It is not intended to provide any other factual information
about the Company or NetSapiens. The Merger Agreement contains
representations, warranties and covenants that the respective
parties made to each other as of the date of the Merger Agreement
or other specific dates. The assertions embodied in those
representations, warranties and covenants were made for purposes of
the contract among the respective parties and are subject to
important qualifications and limitations agreed to by the parties
in connection with negotiating such agreement. The representations,
warranties and covenants in the Merger Agreement are also modified
in important part by the underlying disclosure schedules which are
not filed publicly and which are subject to a contractual standard
of materiality different from that generally applicable to
stockholders and were used for the purpose of allocating risk among
the parties rather than establishing matters as facts. We do not
believe that these schedules contain information that is material
to an investment decision. The representations and warranties in
the Merger Agreement should not be relied upon as characterizations
of the actual state of facts about the Company or
NetSapiens.</font></div>
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</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-style: italic; color: #000000; font-family: Times New Roman; font-size: 13px">
The Voting and Support Agreements</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-style: italic; color: #000000; font-family: Times New Roman; font-size: 13px">
&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Concurrent
with the execution of the Merger Agreement, the Company and certain
principal stockholders of NetSapiens entered into a voting and
support agreement (the &#x201C;Company Principal Stockholders Voting
and Support Agreement&#x201D;), pursuant to which such stockholders
agreed to, among other things, (i) vote the shares of common stock
of NetSapiens beneficially owned by them in favor of the adoption
of the Merger Agreement and the Transactions, and (ii) against any
action, proposals, transaction or agreement that would result in a
breach of any representation, warrant, covenant, obligation or
agreement of NetSapiens contained in the Merger Agreement,
provided, that the agreement shall not limit the
stockholders&#x2019; actions in their capacity as a director or
officer of NetSapiens.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Concurrent
with the execution of the Merger Agreement, NetSapiens and the
majority stockholder of the Company also entered into a voting and
support agreement (the &#x201C;Parent Majority Stockholder Voting
and Support Agreement&#x201D;, collectively with the Company
Principal Stockholders Voting and Support Agreement, the
&#x201C;Voting and Support Agreements&#x201D;), pursuant to which the
stockholder agreed to, among other things, (i) vote the shares of
common stock of the Company beneficially owned by him in favor of
the adoption of the Parent Proposals, and (ii) against any action,
proposals, transaction or agreement that would result in a breach
of any representation, warrant, covenant, obligation or agreement
of the Company contained in the Merger Agreement, provided, that
the agreement shall not limit the stockholder&#x2019;s actions in
his capacity as a director or officer of the Company.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Each
Voting and Support Agreement will terminate upon the earlier to
occur of, (x) the mutual written consent of the parties therein,
(y) the closing of the Mergers, and (z) the date of termination of
the Merger Agreement.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">The
foregoing description of the Voting and Support Agreements is not
complete and is qualified in its entirety by the text of the Voting
and Support Agreements, which are filed as Exhibits 10.1 and 10.2
to this Current Report on Form 8-K and is incorporated herein by
reference.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">Item
3.02 Unregistered Sales of Equity Securities.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">The
disclosure set forth above in Item 1.01 of this Current Report is
incorporated by reference into this Item 3.02. The Shares of the
Company to be issued in connection with the Merger Agreement and
the Transactions contemplated thereby, will not be registered under
the Securities Act of 1933, as amended (the &#x201C;Securities
Act&#x201D;), in reliance on the exemption from registration
provided by Section 4(a)(2) of the Securities Act and/or Regulation
D promulgated thereunder.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
Item 7.01 Regulation FD Disclosure.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">On
March 8, 2021, the Company issued a press release announcing the
execution of the Merger Agreement. The press release is attached
hereto as Exhibit 99.1.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
&#xA0;&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">The
foregoing is being furnished pursuant to Item 7.01 and will not be
deemed to be filed for purposes of Section 18 of the Securities and
Exchange Act of 1934, as amended (the &#x201C;Exchange Act&#x201D;),
or otherwise be subject to the liabilities of that section, nor
will it be deemed to be incorporated by reference in any filing
under the Securities Act.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
Additional Information</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">The
Company intends to file a&#xA0;proxy statement (&#x201C;Proxy
Statement&#x201D;) with the Securities and Exchange Commission (the
&#x201C;SEC&#x201D;) in connection with its annual meeting of
stockholders to approve, among other things, the Parent Proposals
as of a record date to be established (the &#x201C;Meeting&#x201D;).
The Company will mail the Proxy Statement and other relevant
documents to its stockholders. Investors and security holders of
the Company are advised to read, when available, the Proxy
Statement because the Proxy Statement will contain important
information about the proposed Mergers and the related transactions
and the parties to such transactions. Stockholders of the Company
will also be able to obtain copies of the Proxy Statement, without
charge, once available, at the SEC website at www.sec.gov or by
directing a request to: Crexendo, Inc., 1615 S. 52nd Street, Tempe,
AZ 85281.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
Participants in the Solicitation</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">The
Company and its directors, executive officers, other members of
management, and employees, under SEC rules, may be deemed to be
participants in the solicitation of proxies of the Company&#x2019;s
stockholders in connection with the Mergers and the related
transactions. Investors and security holders may obtain more
detailed information regarding the names and interests in the
proposed transactions of the Company&#x2019;s directors and
officers, including a description of their direct interests, by
security holdings or otherwise, in the Company&#x2019;s filings with
the SEC, including the Company&#x2019;s prospectus filed with the
SEC on September 24, 2020, and such information will also be in the
Proxy Statement to be filed with the SEC by the Company in
connection with the Meeting to be held to approve the Parent
Proposals.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
Forward Looking Statements</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000; background-color: #FFFFFF">This Current Report on
Form 8-K includes &#x201C;forward looking statements&#x201D; within
the meaning of the &#x201C;safe harbor&#x201D; provisions of the
United States Private Securities Litigation Reform Act of 1995.
When used in this&#xA0;Current Report on Form 8-K, the words
&#x201C;estimates,&#x201D; &#x201C;projected,&#x201D;
&#x201C;expects,&#x201D; &#x201C;anticipates,&#x201D;
&#x201C;forecasts,&#x201D; &#x201C;plans,&#x201D;
&#x201C;intends,&#x201D; &#x201C;believes,&#x201D; &#x201C;seeks,&#x201D;
&#x201C;may,&#x201D; &#x201C;will,&#x201D; &#x201C;should,&#x201D;
&#x201C;future,&#x201D; &#x201C;propose&#x201D; and variations of these
words or similar expressions (or the negative versions of such
words or expressions) are intended to identify forward-looking
statements. These forward-looking statements are not guarantees of
future performance, conditions or results, and involve a number of
known and unknown risks, uncertainties, assumptions and other
important factors, many of which are outside the Company&#x2019;s
management&#x2019;s control, that could cause actual results or
outcomes to differ materially from those discussed in the
forward-looking statements. Important factors, among others, that
may affect actual results or outcomes
include:&#xA0;</font><font style="color: #000000">the conditions to
the completion of the Mergers, including the required approval by
the Company&#x2019;s stockholders or NetSapiens&#x2019; stockholders,
may not be satisfied on the terms expected or on the anticipated
schedule; the parties&#x2019; ability to meet expectations regarding
the timing and completion of the Mergers; the occurrence of any
event, change or other circumstance that could give rise to the
termination of the Merger Agreement; the outcome of any legal
proceedings that may be instituted against the Company related to
the Mergers or the Merger Agreement; and the amount of the costs,
fees, expenses and other charges related to the
Mergers</font><font style="color: #000000; background-color: #FFFFFF">. The Company
undertakes no obligation to update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise, except as required by law.</font></font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; text-indent: 0px; margin-right: 0px;">
<div style="display: table-row">
<div style="display: table-cell; width: 384px"><font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">Item
9.01. Financial Statements and Exhibits.</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px">
(d) Exhibits</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left">
<table cellpadding="0" cellspacing="0" style="text-align: left; width: 100%; font-family: Times New Roman; font-size: 13px; margin: 0px auto 0px 0px;">
<tr>
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<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px"><font style="font-weight: bold"><font style="font-weight: bold"><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-weight: bold;">
Exhibit Number</font></font></font></font></div>
</td>
<td style="vertical-align: bottom; width: 1%;">
<div><font style="font-size: 13px"><font style="font-weight: bold"><font style="font-weight: bold"><font style="font-family: Times New Roman; font-weight: bold;">&#xA0;</font></font></font></font></div>
</td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 89%;">
<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px"><font style="font-weight: bold"><font style="font-weight: bold"><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-weight: bold;">
Description</font></font></font></font> <font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 10%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
<a href="cxdo_ex21.htm">2.1</a>*</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: bottom; width: 1%;">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td colspan="2" style="vertical-align: top; width: 89%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Agreement
and Plan of Merger and Reorganization, dated March 5, 2021, by and
among Crexendo, Inc., Crexendo Merger Sub, Inc., Crexendo Merger
Sub, LLC, NetSapiens, Inc. and David Wang as stockholder
representative.</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 10%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">
<a href="cxdo_ex101.htm">10.1</a></font><font style="color: #000000; font-family: Times New Roman; background-color: #FFFFFF">+</font></font></div>
</td>
<td style="vertical-align: bottom; width: 1%;">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td colspan="2" style="vertical-align: top; width: 89%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Voting
and Support Agreement, dated March 5, 2021, by and among Crexendo,
Inc., Anand Buch, David T.K. Wang and James Murphy.</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 10%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
<a href="cxdo_ex102.htm">10.2</a></font></div>
</td>
<td style="vertical-align: bottom; width: 1%;">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td colspan="2" style="vertical-align: top; width: 89%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Voting
and Support Agreement, dated March 5, 2021, by and between
NetSapiens, Inc. and Steven G. Mihaylo.</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 10%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
<a href="cxdo_ex991.htm">99.1</a></font></div>
</td>
<td style="vertical-align: bottom; width: 1%;">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td colspan="2" style="vertical-align: top; width: 89%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Press
Release, dated March 8, 2021.</font></div>
</td>
</tr></table>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
*&#xA0;&#xA0;The schedules and exhibits to this agreement have been
omitted in accordance with Regulation S-K Item 601(b)(2). The
Company agrees to furnish supplementally a copy of any omitted
exhibit or schedule to the SEC upon request.</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000; font-family: Times New Roman; background-color: #FFFFFF">
+</font> Portions of this exhibit have been omitted in accordance
with Item&#xA0;601 of&#xA0;Regulation&#xA0;S-K.</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
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<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
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</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
SIGNATURES</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Pursuant
to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div>
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<tr>
<td rowspan="1" style="width: 50%; vertical-align: top;">
<br></td>
<td colspan="2" rowspan="1" style="vertical-align: bottom; width: 38%;">
<div><font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">Crexendo,
Inc.</font></div>
</td>
<td rowspan="1" style="width: 12%; vertical-align: top;">
<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px; font-family: Times New Roman">&#xA0;</font></div>
</td>
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<td style="width: 50%; vertical-align: top;"><br></td>
<td style="width: 3%; vertical-align: top;">
<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px; font-family: Times New Roman">&#xA0;</font></div>
</td>
<td style="width: 35%; vertical-align: top;">
<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px; font-family: Times New Roman">&#xA0;</font></div>
</td>
<td style="width: 12%; vertical-align: top;">
<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px; font-family: Times New Roman">&#xA0;</font></div>
</td>
</tr><tr>
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<br></td>
<td style="vertical-align: top; width: 3%; border-bottom: medium solid rgb(255, 255, 255);">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px; font-family: Times New Roman">By:&#xA0;&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 35%; border-bottom: 2px solid black; white-space: nowrap;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px; font-family: Times New Roman">/s/ <font style="font-family: Times New Roman; font-size: 13px"><font style="font-variant: small-caps">Ronald
Vincent</font></font></font></div>
</td>
<td style="vertical-align: top; width: 12%; border-bottom: medium solid rgb(255, 255, 255);">
<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px; font-family: Times New Roman">&#xA0;</font></div>
</td>
</tr><tr>
<td style="width: 50%; vertical-align: top;"><br></td>
<td style="width: 3%; vertical-align: top;">
<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px; font-family: Times New Roman">&#xA0;</font></div>
</td>
<td style="vertical-align: bottom; width: 35%; white-space: nowrap;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px; font-family: Times New Roman"><font style="font-family: Times New Roman; font-size: 13px">Ronald
Vincent</font>&#xA0;</font></div>
</td>
<td style="width: 12%; vertical-align: top;">
<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px; font-family: Times New Roman">&#xA0;</font></div>
</td>
</tr><tr>
<td style="width: 50%; vertical-align: top;"><br></td>
<td style="width: 3%; vertical-align: top;">
<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px; font-family: Times New Roman">&#xA0;</font></div>
</td>
<td style="width: 35%; vertical-align: top;">
<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px; font-family: Times New Roman"><font style="font-family: Times New Roman; font-size: 13px">Chief Financial
Officer</font>&#xA0;</font></div>
</td>
<td style="width: 12%; vertical-align: top;">
<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px; font-family: Times New Roman">&#xA0;</font></div>
</td>
</tr></table>
</div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Dated:
March 8, 2021</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-2.1
<SEQUENCE>2
<FILENAME>cxdo_ex21.htm
<DESCRIPTION>AGREEMENT AND PLAN OF MERGER AND REORGANIZATION
<TEXT>
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<font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px">
</font><font style="font-weight: bold; font-family: Times New Roman; font-size: 13px;">Exhibit
2.1</font><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px">[Execution
Version]</font></div>
</div>
</div>
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<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
AGREEMENT AND PLAN OF MERGER AND REORGANIZATION</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
BY AND AMONG</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
CREXENDO, INC.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">CREXENDO
MERGER SUB, INC.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">CREXENDO
MERGER SUB, LLC</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">NETSAPIENS,
INC.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">AND</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">DAVID
WANG,</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">AS
STOCKHOLDER REPRESENTATIVE</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">March
5, 2021</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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</font></div>
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TABLE OF CONTENTS</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">ARTICLE
I THE MERGERS&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 9%">
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<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 9%">
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<font style="font-family: Times New Roman; font-size: 13px">Section
1.1&#xA0;The Mergers&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Section
1.2&#xA0;Closing and Effective Times&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Section
1.3&#xA0;Effect of the Mergers&#xA0;</font></div>
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<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Section
1.4&#xA0;Organizational Documents&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Section
1.5&#xA0;Directors and Officers&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Section
1.6 Effect of First Merger on Securities of Constituent
Corporations&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Section
1.7 Effect of the Second Merger on Capital Stock of Constituent
Entities&#xA0;</font></div>
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<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Section
1.8&#xA0;Closing Date Procedures&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Section
1.9&#xA0;Closing Date Adjustment&#xA0;</font></div>
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<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Section
1.10&#xA0;Withholding&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Section
1.11&#xA0;Tax Consequences&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Section
1.12&#xA0;Taking of Further Action&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">ARTICLE
II REPRESENTATIONS AND WARRANTIES OF THE COMPANY&#xA0;</font></div>
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<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Section
2.1&#xA0;Organization and Good Standing&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Section
2.2&#xA0;Authority and Enforceability&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Section
2.3&#xA0;Governmental Approvals and Consents&#xA0;</font></div>
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<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Section
2.4&#xA0;No Conflicts&#xA0;</font></div>
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<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Section
2.5&#xA0;Company Capital Structure&#xA0;</font></div>
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<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Section
2.6&#xA0;Company Subsidiaries.&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Section
2.7 Company Financial Statements; Internal Financial
Controls&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Section
2.8&#xA0;No Undisclosed Liabilities&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Section
2.9&#xA0;No Changes&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Section
2.10&#xA0;Taxes&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Section
2.11&#xA0;Real Property&#xA0;</font></div>
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<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Section
2.12&#xA0;Tangible Property&#xA0;</font></div>
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<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Section
2.13&#xA0;Intellectual Property.&#xA0;</font></div>
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<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Section
2.14&#xA0;Material Contracts&#xA0;</font></div>
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<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Section
2.15&#xA0;Employee Benefit Plans&#xA0;</font></div>
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<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Section
2.16&#xA0;Employment Matters&#xA0;</font></div>
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<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Section
2.17&#xA0;Authorizations&#xA0;</font></div>
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<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Section
2.18&#xA0;Litigation&#xA0;</font></div>
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<td style="vertical-align: top; width: 9%">
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<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Section
2.19&#xA0;Insurance&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Section
2.20&#xA0;Compliance with Legal Requirements&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Section
2.21&#xA0;Interested Party Transactions&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Section
2.22&#xA0;Books and Records; Powers of Attorney&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Section
2.23&#xA0;Company Broker&#x2019;s Fees&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Section
2.24&#xA0;Top Customers and Top Suppliers&#xA0;</font></div>
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<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Section
2.25&#xA0;Environmental Matters&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Section
2.26&#xA0;State Takeover Statutes&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Section
2.27&#xA0;Disclosure&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Section
2.28&#xA0;No Other Representations&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">ARTICLE
III REPRESENTATIONS AND WARRANTIES OF PARENT AND THE MERGER
SUBS&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Section
3.1&#xA0;Organization and Standing&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Section
3.2&#xA0;Authority and Enforceability&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Section
3.3&#xA0;Governmental Approvals and Consents&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Section
3.4&#xA0;No Conflict&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Section
3.5&#xA0;Litigation; Compliance with Laws&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Section
3.6&#xA0;SEC Reports and Financial Statements&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Section
3.7&#xA0;Total Stock Consideration&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Section
3.8&#xA0;Parent Broker&#x2019;s Fees&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Section
3.9&#xA0;Financial Ability&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Section
3.10&#xA0;Taxes&#xA0;</font></div>
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<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Section
3.11&#xA0;Listing&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Section
3.12&#xA0;No Parent Material Adverse Effect&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Section
3.13&#xA0;No Other Representations; Non-Reliance&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">ARTICLE
IV ADDITIONAL AGREEMENTS&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Section
4.1&#xA0;General; Stockholder Approvals and
Notice&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Section
4.2&#xA0;Employee Matters&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Section
4.3&#xA0;Payoff Letters; Release of Liens; PPP
Loan&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Section
4.4&#xA0;Transaction Expenses&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Section
4.5&#xA0;Spreadsheet&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Section
4.6&#xA0;Tail Policy&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Section
4.7&#xA0;R&amp;W Insurance Policy&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Section
4.8&#xA0;State Takeover Statutes&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Section
4.9Access to Information; Notices of Certain Events; Supplement to
Disclosure Schedule&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Section
4.10&#xA0;No Solicitation of Other Bids&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Section
4.11&#xA0;Closing Parent Board&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Section
4.12&#xA0;[Intentionally Omitted]&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Section
4.13&#xA0;Proxy Statement; Parent Stockholder
Meeting.&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Section
4.14&#xA0;Record Retention&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Section
4.15&#xA0;Conduct of Business Prior to the
Closing&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">ARTICLE
V CLOSING CONDITIONS AND DELIVERABLES&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Section
5.1Conditions to Each Party&#x2019;s Obligation to Effect the
Mergers&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Section
5.2 Conditions to Obligations of Parent and Merger
Subs&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Section
5.3&#xA0;Conditions to Obligations of Company&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Section
5.4&#xA0;Company Closing Deliverables&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Section
5.5&#xA0;Parent Closing Deliverables&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">ARTICLE
VI TAX MATTERS&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Section
6.1&#xA0;Straddle Period Taxes&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Section
6.2&#xA0;Tax Returns&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Section
6.3&#xA0;Tax Proceedings&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Section
6.4&#xA0;Cooperation&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Section
6.5&#xA0;Post-Closing Actions&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Section
6.6&#xA0;Tax Treatment of Mergers&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Section
6.7&#xA0;Transfer Taxes&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Section
6.8&#xA0;Refunds&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Section
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<font style="font-family: Times New Roman; font-size: 13px">ARTICLE
VII POST-CLOSING INDEMNIFICATION&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Section
7.1&#xA0;Survival of Representations and
Warranties&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Section
7.2&#xA0;Indemnification&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Section
7.3&#xA0;Limitations on Indemnification&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Section
7.4&#xA0;Indemnification Claim Procedures&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Section
7.5&#xA0;Third Party Claims&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Section
7.6&#xA0;Stockholder Representative&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Section
7.7&#xA0;Exclusive Remedies&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Section
7.8&#xA0;Effect of Knowledge&#xA0;</font></div>
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<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Section
7.9&#xA0;Recourse to R&amp;W Insurance Policy&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 9%">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">56</font></div>
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<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<div style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr><tr style="background-color: #cceeff">
<td style="vertical-align: top; width: 91%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">ARTICLE
VIII TERMINATION, AMENDMENT, AND WAIVER</font></div>
</td>
<td style="vertical-align: top; width: 9%">
<div style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr><tr>
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<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<div style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr><tr style="background-color: #cceeff">
<td style="vertical-align: top; width: 91%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Section
8.1&#xA0;Termination by Mutual Consent&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 9%">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">56</font></div>
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<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
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<div style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr><tr style="background-color: #cceeff">
<td style="vertical-align: top; width: 91%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Section
8.2&#xA0;Termination by Either Parent or the
Company&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 9%">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">57</font></div>
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<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
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<div style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr><tr style="background-color: #cceeff">
<td style="vertical-align: top; width: 91%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Section
8.3&#xA0;Termination by Parent&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 9%">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">57</font></div>
</td>
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<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 9%">
<div style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr><tr style="background-color: #cceeff">
<td style="vertical-align: top; width: 91%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Section
8.4&#xA0;Termination by the Company&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 9%">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">57</font></div>
</td>
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<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 9%">
<div style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr><tr style="background-color: #cceeff">
<td style="vertical-align: top; width: 91%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Section
8.5&#xA0;Notice of Termination; Effect of
Termination&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 9%">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">57</font></div>
</td>
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<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 9%">
<div style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr><tr style="background-color: #cceeff">
<td style="vertical-align: top; width: 91%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Section
8.6&#xA0;Breakup Fee Following Termination&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 9%">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">58</font></div>
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<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
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<div style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr><tr style="background-color: #cceeff">
<td style="vertical-align: top; width: 91%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Section
8.7&#xA0;Amendment&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 9%">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">58</font></div>
</td>
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<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
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<div style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr><tr style="background-color: #cceeff">
<td style="vertical-align: top; width: 91%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Section
8.8&#xA0;Extension; Waiver&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 9%">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">58</font></div>
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</td>
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<div style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr><tr style="background-color: #cceeff">
<td style="vertical-align: top; width: 91%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">ARTICLE
IX GENERAL PROVISIONS&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 9%">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">58</font></div>
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</td>
</tr><tr style="background-color: #cceeff">
<td style="vertical-align: top; width: 91%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Section
9.1&#xA0;Certain Interpretations&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 9%">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">58</font></div>
</td>
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<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 9%">
<div style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr><tr style="background-color: #cceeff">
<td style="vertical-align: top; width: 91%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Section
9.2&#xA0;Assignment&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 9%">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">59</font></div>
</td>
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<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
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<div style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr><tr style="background-color: #cceeff">
<td style="vertical-align: top; width: 91%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Section
9.3&#xA0;Notices&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 9%">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">59</font></div>
</td>
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</td>
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<div style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr><tr style="background-color: #cceeff">
<td style="vertical-align: top; width: 91%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Section
9.4&#xA0;Confidentiality&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 9%">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">60</font></div>
</td>
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</td>
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</td>
</tr><tr style="background-color: #cceeff">
<td style="vertical-align: top; width: 91%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Section
9.5&#xA0;Public Disclosure&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 9%">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">60</font></div>
</td>
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</td>
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<div style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr><tr style="background-color: #cceeff">
<td style="vertical-align: top; width: 91%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Section
9.6&#xA0;Entire Agreement&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 9%">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">60</font></div>
</td>
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<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
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</td>
</tr><tr style="background-color: #cceeff">
<td style="vertical-align: top; width: 91%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Section
9.7&#xA0;No Third Party Beneficiaries&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 9%">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">61</font></div>
</td>
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</td>
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</td>
</tr><tr style="background-color: #cceeff">
<td style="vertical-align: top; width: 91%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Section
9.8&#xA0;Specific Performance&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 9%">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">61</font></div>
</td>
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<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
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<div style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr><tr style="background-color: #cceeff">
<td style="vertical-align: top; width: 91%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Section
9.9&#xA0;Severability&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 9%">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">61</font></div>
</td>
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</td>
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<div style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr><tr style="background-color: #cceeff">
<td style="vertical-align: top; width: 91%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Section
9.10&#xA0;Governing Law&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 9%">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">61</font></div>
</td>
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</td>
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</td>
</tr><tr style="background-color: #cceeff">
<td style="vertical-align: top; width: 91%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Section
9.11&#xA0;Exclusive Jurisdiction&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 9%">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">61</font></div>
</td>
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<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
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</td>
</tr><tr style="background-color: #cceeff">
<td style="vertical-align: top; width: 91%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Section
9.12&#xA0;Waiver of Jury Trial&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 9%">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">61</font></div>
</td>
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<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
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<div style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr><tr style="background-color: #cceeff">
<td style="vertical-align: top; width: 91%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Section
9.13&#xA0;Counterparts&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 9%">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">61</font></div>
</td>
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<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 9%">
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</td>
</tr><tr style="background-color: #cceeff">
<td style="vertical-align: top; width: 91%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Section
9.14&#xA0;Non-Recourse&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 9%">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">61</font></div>
</td>
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<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
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</td>
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<td style="vertical-align: top; width: 91%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Section
9.15&#xA0;Attorney-Client Privilege&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 9%">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">62</font></div>
</td>
</tr></table>
</div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<div id="ftr">
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</div>
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<div id="hdr">
<div style="text-align: right; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px;">
INDEX OF EXHIBITS</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="display: table">
<div style="display: table-row">
<div style="display: table-cell; width: 142px;"><font style="font-weight: bold; font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline;">
Annex</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font></div>
<div style="text-align: left; display: table-cell"><font style="font-weight: bold; font-family: Times New Roman; font-size: 13px;">
Description</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="display: table;">
<div style="display: table-row;">
<div style="text-align: left; display: table-cell; width: 144px;">
<font style="font-family: Times New Roman; font-size: 13px;">Annex
A</font></div>
<div style="text-align: justify; display: table-cell; margin-left: 0px; text-indent: 0px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px;">Certain Defined
Terms</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="display: table">
<div style="display: table-row">
<div style="display: table-cell; width: 142px;"><font style="font-weight: bold; font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline;">
Exhibit</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font></div>
<div style="text-align: left; display: table-cell"><font style="font-weight: bold; font-family: Times New Roman; font-size: 13px;">
Description</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="display: table;">
<div style="display: table-row;">
<div style="text-align: left; display: table-cell; width: 144px;">
<font style="font-family: Times New Roman; font-size: 13px">Exhibit
A</font></div>
<div style="text-align: justify; display: table-cell; margin-left: 0px; text-indent: 0px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">[<font style="font-style: italic;">Intentionally Omitted</font>]</font></div>
</div>
</div>
<div style="display: table;">
<div style="display: table-row;">
<div style="text-align: left; display: table-cell; width: 144px;">
<font style="font-family: Times New Roman; font-size: 13px;">Exhibit
B-1</font></div>
<div style="text-align: justify; display: table-cell; margin-left: 0px; text-indent: 0px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px;">Form of First
Certificate of Merger</font></div>
</div>
</div>
<div style="display: table;">
<div style="display: table-row;">
<div style="text-align: left; display: table-cell; width: 144px;">
<font style="font-family: Times New Roman; font-size: 13px;">Exhibit
B-2</font></div>
<div style="text-align: justify; display: table-cell; margin-left: 0px; text-indent: 0px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px;">Form of Second
Certificate of Merger</font></div>
</div>
</div>
<div style="display: table;">
<div style="display: table-row;">
<div style="text-align: left; display: table-cell; width: 144px;">
<font style="font-family: Times New Roman; font-size: 13px;">Exhibit
C</font></div>
<div style="text-align: justify; display: table-cell; margin-left: 0px; text-indent: 0px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px;">Form of Key
Employee Employment Agreement</font></div>
</div>
</div>
<div style="display: table;">
<div style="display: table-row;">
<div style="text-align: left; display: table-cell; width: 144px;">
<font style="font-family: Times New Roman; font-size: 13px;">Exhibit
D</font></div>
<div style="text-align: justify; display: table-cell; margin-left: 0px; text-indent: 0px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px;">Form of Exchange
Documents</font></div>
</div>
</div>
<div style="display: table;">
<div style="display: table-row;">
<div style="text-align: left; display: table-cell; width: 144px;">
<font style="font-family: Times New Roman; font-size: 13px;">Exhibit
E</font></div>
<div style="text-align: justify; display: table-cell; margin-left: 0px; text-indent: 0px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px;">Form of Joinder
Agreement</font></div>
</div>
</div>
<div style="display: table;">
<div style="display: table-row;">
<div style="text-align: left; display: table-cell; width: 144px;">
<font style="font-family: Times New Roman; font-size: 13px">Exhibit
F</font></div>
<div style="text-align: justify; display: table-cell; margin-left: 0px; text-indent: 0px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">[<font style="font-style: italic;">Intentionally Omitted</font>]</font></div>
</div>
</div>
<div style="display: table;">
<div style="display: table-row;">
<div style="text-align: left; display: table-cell; width: 144px;">
<font style="font-family: Times New Roman; font-size: 13px">Exhibit
G</font></div>
<div style="text-align: justify; display: table-cell; margin-left: 0px; text-indent: 0px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">[<font style="font-style: italic;">Intentionally Omitted</font>]</font></div>
</div>
</div>
<div style="display: table;">
<div style="display: table-row;">
<div style="text-align: left; display: table-cell; width: 144px;">
<font style="font-family: Times New Roman; font-size: 13px;">Exhibit
H</font></div>
<div style="text-align: justify; display: table-cell; margin-left: 0px; text-indent: 0px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px;">R&amp;W Insurance
Policy</font></div>
</div>
</div>
<div style="display: table;">
<div style="display: table-row;">
<div style="text-align: left; display: table-cell; width: 144px;">
<font style="background-color: rgb(255, 255, 255); font-family: Times New Roman; font-size: 13px;">
Exhibit I</font></div>
<div style="text-align: justify; display: table-cell; margin-left: 0px; text-indent: 0px; margin-right: 0px;"><font style="background-color: rgb(255, 255, 255); font-family: Times New Roman; font-size: 13px;">
Company Principal Stockholders Voting and Support
Agreement</font></div>
</div>
</div>
<div style="display: table;">
<div style="display: table-row;">
<div style="text-align: left; display: table-cell; width: 144px;">
<font style="background-color: rgb(255, 255, 255); font-family: Times New Roman; font-size: 13px;">
<font style="background-color: rgb(255, 255, 255);">Exhibit
J</font></font></div>
<div style="text-align: justify; display: table-cell; margin-left: 0px; text-indent: 0px; margin-right: 0px;"><font style="background-color: rgb(255, 255, 255); font-family: Times New Roman; font-size: 13px;">
Parent Majority Stockholder Voting and Support
Agreement</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="display: table">
<div style="display: table-row">
<div style="display: table-cell; width: 106px"><font style="font-weight: bold; font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline;">
Schedule</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font></div>
<div style="text-align: left; display: table-cell"><font style="font-weight: bold; font-family: Times New Roman; font-size: 13px;">
Description</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="display: table;">
<div style="display: table-row;">
<div style="text-align: left; display: table-cell; width: 144px;">
<font style="font-family: Times New Roman; font-size: 13px;">Schedule
A</font></div>
<div style="text-align: justify; display: table-cell; margin-left: 0px; text-indent: 0px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px;">Key
Employees</font></div>
</div>
</div>
<div style="display: table;">
<div style="display: table-row;">
<div style="text-align: left; display: table-cell; width: 144px;">
<font style="font-family: Times New Roman; font-size: 13px;">Schedule
B</font></div>
<div style="text-align: justify; display: table-cell; margin-left: 0px; text-indent: 0px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px;">Knowledge
Group</font></div>
</div>
</div>
<div style="display: table;">
<div style="display: table-row;">
<div style="text-align: left; display: table-cell; width: 144px;">
<font style="font-family: Times New Roman; font-size: 13px;">Schedule
C</font></div>
<div style="text-align: justify; display: table-cell; margin-left: 0px; text-indent: 0px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px;">Net Working
Capital</font></div>
</div>
</div>
<div style="display: table;">
<div style="display: table-row;">
<div style="text-align: left; display: table-cell; width: 144px;">
<font style="font-family: Times New Roman; font-size: 13px;">Schedule
D</font></div>
<div style="text-align: justify; display: table-cell; margin-left: 0px; text-indent: 0px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px;">Accrued Employee
Amounts</font></div>
</div>
</div>
<div style="display: table;">
<div style="display: table-row;">
<div style="text-align: left; display: table-cell; width: 144px;">
<font style="font-family: Times New Roman; font-size: 13px;">Schedule
E</font></div>
<div style="text-align: justify; display: table-cell; margin-left: 0px; text-indent: 0px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px;">Two-Year
License</font></div>
</div>
</div>
<div style="display: table;">
<div style="display: table-row;">
<div style="text-align: left; display: table-cell; width: 144px;">
<font style="font-family: Times New Roman; font-size: 13px;">Schedule</font></div>
<div style="text-align: justify; display: table-cell; margin-left: 0px; text-indent: 0px; margin-right: 0px;">
<font style="font-family: Times New Roman; font-size: 13px;">4.2(a)
Continuing Employee Entitled to Severance</font></div>
</div>
</div>
<div style="display: table;">
<div style="display: table-row;">
<div style="text-align: left; display: table-cell; width: 144px;">
<font style="font-family: Times New Roman; font-size: 13px;">Schedule</font></div>
<div style="text-align: justify; display: table-cell; margin-left: 0px; text-indent: 0px; margin-right: 0px;">
<font style="font-family: Times New Roman; font-size: 13px;">4.2(b)
Continuing Company Benefit Plans</font></div>
</div>
</div>
<div style="display: table;">
<div style="display: table-row;">
<div style="text-align: left; display: table-cell; width: 144px;">
<font style="font-family: Times New Roman; font-size: 13px;">Schedule</font></div>
<div style="text-align: justify; display: table-cell; margin-left: 0px; text-indent: 0px; margin-right: 0px;">
<font style="font-family: Times New Roman; font-size: 13px;">4.15
Exceptions to Negative Covenants</font></div>
</div>
</div>
<div style="display: table;">
<div style="display: table-row;">
<div style="text-align: left; display: table-cell; width: 144px;">
<font style="font-family: Times New Roman; font-size: 13px;">Schedule
5.4(d)</font></div>
<div style="text-align: justify; display: table-cell; margin-left: 0px; text-indent: 0px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px;">Retained Directors
and Officers</font></div>
</div>
</div>
<div style="display: table;">
<div style="display: table-row;">
<div style="text-align: left; display: table-cell; width: 144px;">
<font style="font-family: Times New Roman; font-size: 13px;">Schedule</font></div>
<div style="text-align: justify; display: table-cell; margin-left: 0px; text-indent: 0px; margin-right: 0px;">
<font style="font-family: Times New Roman; font-size: 13px;">7.2(a)(C) Special
Indemnification Matter</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
</div>
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<div id="hdr">
<div style="text-align: right; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
AGREEMENT AND PLAN OF MERGER AND REORGANIZATION</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">THIS
AGREEMENT AND PLAN OF MERGER AND REORGANIZATION (the
&#x201C;<font style="font-weight: bold">Agreement</font>&#x201D;)<font style="font-weight: bold">&#xA0;</font>is made and entered into as of
March 5, 2021 by and among Crexendo, Inc., a Nevada corporation
(&#x201C;<font style="font-weight: bold">Parent</font>&#x201D;),<font style="font-weight: bold">&#xA0;</font>Crexendo Merger Sub, Inc., a
Delaware corporation and a direct, wholly-owned subsidiary of
Parent (&#x201C;<font style="font-weight: bold">Merger Sub
I</font>&#x201D;),<font style="font-weight: bold">&#xA0;</font>Crexendo Merger Sub, LLC, a
Delaware limited liability company and a direct, wholly-owned
subsidiary of Parent (&#x201C;<font style="font-weight: bold">Merger
Sub II</font>&#x201D;<font style="font-weight: bold">&#xA0;</font>and, together with Merger Sub I,
the &#x201C;<font style="font-weight: bold">Merger
Subs</font>&#x201D;),<font style="font-weight: bold">&#xA0;</font>NetSapiens, Inc., a Delaware
corporation (the &#x201C;<font style="font-weight: bold">Company</font>&#x201D;),<font style="font-weight: bold">&#xA0;</font>and David Wang, as stockholder
representative of Contributing Equityholders (the
&#x201C;<font style="font-weight: bold">Stockholder
Representative</font>&#x201D;).<font style="font-weight: bold">&#xA0;</font>All capitalized terms that are
used but not defined herein shall have the respective meanings
ascribed thereto in <font style="font-weight: bold">Annex
A.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px;">
WITNESSETH:</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">WHEREAS, the boards
of directors or managers (as applicable) of each of Parent, the
Merger Subs and the Company have determined that it would be
advisable and in the best interests of each respective corporation
or limited liability company (as applicable) and their respective
stockholders or members (as applicable) that Parent acquire the
Company through the statutory merger of Merger Sub I<font style="font-weight: bold">&#xA0;</font>with and into the Company (the
&#x201C;<font style="font-weight: bold">First Merger</font>&#x201D;),
and, as part of the same overall transaction, the Surviving
Corporation in the First Merger would merge with and into Merger
Sub II (the &#x201C;<font style="font-weight: bold">Second
Merger</font>,&#x201D;<font style="font-weight: bold">&#xA0;</font>and together with the First
Merger, the &#x201C;<font style="font-weight: bold">Mergers</font>&#x201D;), pursuant to which
Merger Sub II would continue as a wholly-owned subsidiary of
Parent, in each case upon the terms and conditions set forth in
this Agreement and in accordance with the applicable provisions of
Delaware Law, and in furtherance thereof, have approved this
Agreement, the Mergers and the other transactions contemplated by
this Agreement and the Related Agreements (the &#x201C;<font style="font-weight: bold">Transactions</font>&#x201D;);</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">WHEREAS, the board
of directors of Parent has approved resolutions recommending that
the holders of shares of Parent Common Stock approve the issuance
of shares of Parent Common Stock in connection with the Mergers on
the terms and subject to the conditions set forth in this Agreement
(the &#x201C;<font style="font-weight: bold">Parent Stock
Issuance</font>&#x201D;);</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">WHEREAS, Parent,
the Merger Subs and the Company desire to make certain
representations, warranties, covenants and agreements, as more
fully set forth herein, in connection with the Mergers and the
other Transactions;</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">WHEREAS, it is
intended that for U.S. federal income Tax purposes, the Mergers
contemplated herein shall qualify as a &#x201C;reorganization&#x201D;
within the meaning of Section 368(a) of the Code (as hereinafter
defined);</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">WHEREAS,
<font style="background-color: rgb(255, 255, 255);">&#xA0;as a
condition to Parent, Merger Sub I and Merger Sub II entering into
this Agreement, and incurring the obligations set forth herein, and
as an inducement and in consideration for Parent, Merger Sub I and
Merger Sub II to enter into this Agreement, concurrently with the
execution and delivery of this Agreement, Parent is entering into a
voting and support agreement, in the form attached
as&#xA0;</font><font style="font-weight: bold; text-decoration: underline">Exhibit
I</font><font style="background-color: rgb(255, 255, 255);">&#xA0;hereto, with certain
Company Principal Stockholders pursuant to which, among other
things, such Company Principal Stockholders have agreed, subject to
the terms thereof, to vote all of such Company Principal
Stockholders&#x2019; shares of Company Common Stock in accordance
with the terms of such voting and support agreement (the
&#x201C;</font><font style="font-weight: bold; background-color: rgb(255, 255, 255);">Company
Principal Stockholders Voting and Support
Agreement</font><font style="background-color: rgb(255, 255, 255);">&#x201D;);
and</font></font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">WHEREAS,
<font style="background-color: rgb(255, 255, 255);">&#xA0;as a
condition to the Company and the Stockholder Representative
entering into this Agreement, and incurring the obligations set
forth herein, and as an inducement and in consideration for the
Company and the Stockholder Representative to enter into this
Agreement, concurrently with the execution and delivery of this
Agreement, the Company is entering into a voting and support
agreement, in the form attached as&#xA0;</font><font style="font-weight: bold; text-decoration: underline">Exhibit
J</font><font style="background-color: rgb(255, 255, 255);">&#xA0;hereto, with the
Parent Majority Stockholder pursuant to which, among other things,
such Parent Majority Stockholder has agreed, subject to the terms
thereof, to vote all of such Parent Majority Stockholder&#x2019;s
shares of Parent Common Stock in accordance with the terms of such
voting and support agreement (the &#x201C;</font><font style="font-weight: bold; background-color: rgb(255, 255, 255);">Parent
Majority Stockholder Voting and Support
Agreement</font><font style="background-color: rgb(255, 255, 255);">&#x201D;).</font></font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">NOW,
THEREFORE, in consideration of the mutual agreements, covenants and
other premises set forth herein, the mutual benefits to be gained
by the performance thereof, and for other good and valuable
consideration, the receipt and sufficiency of which are hereby
acknowledged and accepted, the parties hereto hereby agree as
follows:</font></div>


<div style="text-align: left; margin-left: 0px; text-indent: 0px; margin-right: 0px;">
<div style="text-align: center; display: table-row"><font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font></div>
</div>
<div style="text-align: center"><font style="font-family: Times New Roman; font-size: 10">&#xA0; <font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">ARTICLE
I</font></font></div>
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<font style="font-family: Times New Roman; font-size: 13px"><a name="_Toc65851678"><!--anchor--></a><font style="font-weight: bold">THE MERGERS</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px;">
Section 1.1</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px"><a name="_Toc65851679"><!--anchor--></a><font style="text-decoration: underline">The Mergers.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10"><br></font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(a)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">At the First
Effective Time, on the terms and subject to the conditions set
forth in this Agreement, the First Certificate of Merger and the
applicable provisions of Delaware Law, Merger Sub I<font style="font-weight: bold">&#xA0;</font>shall merge with and into the
Company, the separate corporate existence of Merger Sub I shall
cease, and the Company shall continue as the surviving corporation
and as a wholly-owned subsidiary of Parent (the &#x201C;<font style="font-weight: bold">Surviving
Corporation</font>&#x201D;).</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(b)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">At the Second
Effective Time, on the terms and subject to the conditions set
forth in this Agreement, the Second Certificate of Merger and the
applicable provisions of Delaware Law, the Surviving Corporation
shall merge with and into Merger Sub II, the separate corporate
existence of the Surviving Corporation shall cease and Merger Sub
II<font style="font-weight: bold">&#xA0;</font>shall continue as
the surviving entity and a wholly-owned subsidiary of Parent.
Merger Sub II, as the surviving entity after the Second Merger, is
hereinafter sometimes referred to as the &#x201C;<font style="font-weight: bold">Surviving LLC</font>.&#x201D;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px;">
Section 1.2</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px"><a name="_Toc65851680"></a><font style="text-decoration: underline">Closing and Effective
Times.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(a)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; font-style: italic">Closing</font>. The closing
of the Mergers (the &#x201C;<font style="font-weight: bold">Closing</font>&#x201D;) shall take place after
the date of this Agreement at such date, time and place as agreed
to in writing by Parent and the Company, following and subject to
the satisfaction or, to the extent permitted by applicable Legal
Requirements, waiver of the conditions set forth in <font style="font-weight: bold">Article V</font> (but in no event later than
five (5) Business days after such waiver or satisfaction of the
conditions set forth in <font style="font-weight: bold">Article
V</font>), remotely by electronic exchange of documents. The date
on which the Closing occurs is referred to in this Agreement as the
&#x201C;<font style="font-weight: bold">Closing
Date</font>.&#x201D;</font></div>
&#xA0; <font style="font-family: Times New Roman; font-size: 13px;"><br>
</font></div>
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<div style="text-align: right; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
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</div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(b)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; font-style: italic">First Merger Effective
Time</font>. On the Closing Date, the parties hereto shall cause
the First Merger to be consummated by filing the First Certificate
of Merger with the Secretary of State of the State of Delaware in
accordance with the relevant provisions of Delaware Law (the time
of such filing and acceptance by the Secretary of State of the
State of Delaware, or such other later time as may be agreed in
writing by Parent and the Company and specified in the First
Certificate of Merger, shall be referred to herein as the
&#x201C;<font style="font-weight: bold">First Effective
Time</font>&#x201D;).</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(c)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; font-style: italic">Second Effective
Time</font>. Promptly following the First Effective Time, the
parties hereto shall cause the Second Merger to be consummated by
filing the Second Certificate of Merger with the Secretary of State
of the State of Delaware in accordance with the relevant provisions
of Delaware Law (the time of such filing and acceptance by the
Secretary of State of the State of Delaware, or such other later
time as may be agreed in writing by Parent and the Company and
specified in the Second Certificate of Merger, shall be referred to
herein as the &#x201C;<font style="font-weight: bold">Second
Effective Time</font>&#x201D;).</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px;">
Section 1.3</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px"><a name="_Toc65851681"><!--anchor--></a><font style="text-decoration: underline">Effect of the
Mergers.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(a)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; font-style: italic">First Merger</font>. At the
First Effective Time, the effect of the First Merger shall be as
provided in the applicable provisions of Delaware Law. Without
limiting the generality of the foregoing, and subject thereto, at
the First Effective Time, except as otherwise agreed to pursuant to
the terms of this Agreement, all of the property, rights,
privileges, powers and franchises of the Company and Merger Sub I
shall vest in the Surviving Corporation, and all debts, liabilities
and duties of the Company and Merger Sub I shall become the debts,
liabilities and duties of the Surviving Corporation.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(b)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; font-style: italic">Second Merger</font>. At
the Second Effective Time, the effect of the Second Merger shall be
as provided in the applicable provisions of Delaware Law. Without
limiting the generality of the foregoing, and subject thereto, at
the Second Effective Time, except as otherwise agreed to pursuant
to the terms of this Agreement, all of the property, rights,
privileges, powers and franchises of Merger Sub II and the
Surviving Corporation shall vest in the Surviving LLC, and all
debts, liabilities and duties of Merger Sub II and the Surviving
Corporation shall become the debts, liabilities and duties of the
Surviving LLC.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px;">
Section 1.4</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px"><a name="_Toc65851682"><!--anchor--></a><font style="text-decoration: underline">Organizational
Documents.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(a)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; font-style: italic">First Merger</font>. The
certificate of incorporation of the Surviving Corporation shall be
amended and restated as of the First Effective Time to be identical
to the certificate of incorporation of Merger Sub I as in effect
immediately prior to the First Effective Time, until thereafter
amended in accordance with Delaware Law and as provided in such
certificate of incorporation; provided, however, that the name of
the Surviving Corporation shall not be amended. The bylaws of
Merger Sub I as in effect immediately prior to the First Effective
Time shall be the bylaws of the Surviving Corporation as of the
First Effective Time until thereafter amended in accordance with
Delaware Law and as provided in the certificate of incorporation of
the Surviving Corporation and such bylaws.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(b)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; font-style: italic">Second Merger.</font> The
certificate of formation of Merger Sub II, as in effect immediately
prior to the Second Effective Time, shall be the certificate of
formation of the Surviving LLC at the Second Effective Time, until
thereafter amended in accordance with Delaware Law and as provided
in such certificate of formation; provided, however, that at the
Second Effective Time, <font style="font-weight: bold">Article
I</font> of the certificate of formation of the Surviving LLC shall
be amended and restated in its entirety to read as follows:
&#x201C;The name of the limited liability company is NetSapiens,
LLC&#x201D;. Unless otherwise determined by Parent prior to the
Second Effective Time, the limited liability company agreement of
Merger Sub II, as in effect immediately prior to the Second
Effective Time, shall be the limited liability company agreement of
the Surviving LLC at the Second Effective Time, until such time as
such agreement may be replaced, amended or modified by
Parent.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px;">
Section 1.5</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px"><a name="_Toc65851683"><!--anchor--></a><font style="text-decoration: underline">Directors and
Officers.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(a)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; font-style: italic">Directors of Surviving
Corporation</font>. The directors of Merger Sub I immediately prior
to the First Effective Time shall be the directors of the Surviving
Corporation as of the First Effective Time, each to hold the office
of a director of the Surviving Corporation in accordance with the
provisions of Delaware Law and the certificate of incorporation and
bylaws of the Surviving Corporation until their successor is duly
elected and qualified.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(b)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; font-style: italic">Officers of Surviving
Corporation</font>. The officers of Merger Sub I immediately prior
to the First Effective Time shall be the officers of the Surviving
Corporation as of the First Effective Time, each to hold office in
accordance with the provisions of the bylaws of the Surviving
Corporation.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(c)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; font-style: italic">Members and Officers of
Surviving LLC</font>. Unless otherwise determined by Parent prior
to the Second Effective Time, Parent shall be the Managing Member
(as defined in the limited liability company agreement of the
Surviving LLC) of the Surviving LLC. Unless otherwise determined by
Parent prior to the Second Effective Time, the officers of Merger
Sub II immediately prior to the Second Effective Time shall be the
officers of the Surviving LLC as of the Second Effective Time, each
to hold office in accordance with the provisions of the limited
liability company agreement of the Surviving LLC.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px;">
Section 1.6</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px"><a name="_Toc65851684"><!--anchor--></a><font style="text-decoration: underline">Effect of First Merger on Securities
of Constituent Corporations.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(a)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; font-style: italic">Effect on Capital Stock of
Merger Sub I.</font> At the First Effective Time, each share of
capital stock of Merger Sub I that is issued and outstanding
immediately prior to the First Effective Time shall, by virtue of
the First Merger and without further action on the part of the sole
stockholder of Merger Sub I, be converted into and become one share
of common stock of the Surviving Corporation (and the shares of the
Surviving Corporation into which the shares of Merger Sub I capital
stock are so converted shall be the only shares of the Surviving
Corporation&#x2019;s capital stock that are issued and outstanding
immediately after the First Effective Time). Each certificate
evidencing ownership of shares of Merger Sub I common stock will
evidence ownership of such shares of common stock of the Surviving
Corporation.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(b)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; font-style: italic">Company Capital
Stock</font>.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 96px"><font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">(i)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; font-style: italic">Generally.</font> At the
First Effective Time, by virtue of the First Merger and without
further action on the part of Parent, Merger Subs, the Company or
the stockholders thereof, each share of Company Capital Stock
(excluding (A) Cancelled Shares, which shall be treated in the
manner set forth in <font style="font-weight: bold">Section
1.6(b)(iii)</font>, and (B) Dissenting Shares, which shall be
treated in the manner set forth in <font style="font-weight: bold">Section 1.6(b)(iv)</font>) issued and
outstanding as of immediately prior to the First Effective Time
shall be cancelled, extinguished and converted automatically into
the right of each holder of Company Capital Stock to receive, upon
the terms set forth in this <font style="font-weight: bold">Section
1.6</font> and throughout this Agreement (including <font style="font-weight: bold">Section 1.9</font> and the indemnification and
escrow provisions of this Agreement), and subject to the provisions
of <font style="font-weight: bold">Section 1.6(e)</font> and the
valid surrender of the certificate representing such shares of
Company Capital Stock in the manner provided in <font style="font-weight: bold">Section 1.8</font> such holder&#x2019;s Pro Rata
Portion of: (1) the Closing Stock Merger Consideration, the amounts
of which are indicated on the Spreadsheet; (2) the Closing Cash
Merger Consideration, the amounts of which are indicated on the
Spreadsheet; and (3) a right to receive, at the times and subject
to the requirements and contingencies set forth in this Agreement,
the portion of the Escrow Shares and Escrow Cash, if any, required
to be delivered to such holder with respect thereto in accordance
with <font style="font-weight: bold">Section 1.9</font>,
<font style="font-weight: bold">Section 4.3(c)</font> and
<font style="font-weight: bold">Article VII</font> and the Escrow
Agreements, as and when such deliveries are required to be made, in
accordance with their Escrow Pro Rata Portion.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 96px"><font style="font-family: Times New Roman; font-size: 13px">(ii)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; font-style: italic">Fractional Interests;
Calculations.</font> No fraction of a share of Parent Common Stock
will be issued by virtue of the First Merger or any release of
Escrow Shares pursuant to this Agreement. Any Equityholder who
would otherwise be entitled to receive a fraction of a share of
Parent Common Stock by virtue of the First Merger or any release of
Escrow Shares pursuant to this Agreement, shall receive an amount
of cash equal to the product obtained by <font style="font-style: italic">multiplying</font> (A) such fraction
<font style="font-style: italic">by</font> (B) the Parent Trading
Price, rounded down to the nearest whole cent. As for each Assumed
Option, to the extent that the net value of the Exchange Option
issued in exchange for such Assumed Option pursuant to <font style="font-weight: bold">Section 1.6(c)(ii)</font> (calculated by
multiplying (x) the sum of the Parent Trading Price <font style="font-style: italic">minus</font> the exercise price after the
exchange by (y) the number of shares of Parent Common Stock subject
to the Exchange Option) is lower than the net value of such Assumed
Option (calculated by multiplying (x) the sum of the Gross Per
Share Merger Consideration <font style="font-style: italic">minus</font> the exercise price before the
exchange by (y) the number of shares of Company Common Stock
subject to the Assumed Option), the Company may (but will not be
obligated to) pay such difference to the holder of the Assumed
Option in cash.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 96px"><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px">
(iii)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; font-style: italic">Cancelled Shares.</font> At
the First Effective Time, by virtue of the First Merger and without
further action on the part of Parent, Merger Subs, the Company or
the respective stockholders or members, as applicable, thereof,
each share of Company Capital Stock that is issued and outstanding
and held by the Company (as treasury stock or otherwise) or Parent
as of immediately prior to the First Effective Time
(&#x201C;<font style="font-weight: bold">Cancelled
Shares</font>&#x201D;)<font style="font-weight: bold">&#xA0;</font>shall be cancelled without any
consideration paid therefor.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 96px"><font style="font-family: Times New Roman; font-size: 13px">(iv)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; font-style: italic">Dissenting Shares;
Appraisal Rights</font>. Notwithstanding any other provisions of
this Agreement to the contrary, any shares of Company Capital Stock
outstanding immediately prior to the First Effective Time and which
are held by Stockholders who shall have neither voted in favor of
the Mergers nor consented thereto in writing and who shall have, in
all respects, properly exercised and perfected a demand for and are
entitled to appraisal for such shares in accordance with Section
262 of Delaware Law or purchase thereof under Section 1301 of the
California Corporations Code, as applicable, and shall not have
effectively withdrawn or lost such Person&#x2019;s rights to such
appraisal and payment under Delaware Law or purchase under the
California Corporations Code with respect to such shares
(collectively, the &#x201C;<font style="font-weight: bold">Dissenting Shares</font>&#x201D;), shall not be
converted into or represent a right to receive the applicable
consideration for Company Capital Stock set forth in <font style="font-weight: bold">Section 1.6(b)(i)</font> but the holder thereof
shall only be entitled to such rights as are provided by Delaware
Law or the California Corporations Code, as applicable.
Notwithstanding the provisions of this <font style="font-weight: bold">Section 1.6(b)(iv)</font>, if any holder of
Dissenting Shares shall effectively withdraw or lose (through
failure to perfect or otherwise) such holder&#x2019;s appraisal or
purchase rights under Delaware Law or the California Corporations
Code, as applicable, then, as of the later of the First Effective
Time and the occurrence of such event, such holder&#x2019;s shares
shall automatically be converted into and represent only the right
to receive, upon surrender of the certificate representing such
shares, upon the terms set forth in this <font style="font-weight: bold">Section 1.6</font> and throughout this
Agreement (including the indemnification and escrow provisions of
this Agreement), the consideration for Company Capital Stock set
forth in <font style="font-weight: bold">Section 1.6(b)(i)</font>,
without interest thereon. The Company shall provide to any holder
of Dissenting Shares the notice and other materials required by the
applicable provisions of the California Corporations Code promptly
following approval of the Mergers by the Stockholders. The Paying
Agent and the Company shall give (A) Parent prompt notice of any
written demand for appraisal or payment received by the Company
pursuant to the applicable provisions of Delaware Law and/or the
California Corporations Code and (B) the opportunity to participate
in all negotiations and proceedings with respect to such demands.
The Company shall not, except with the prior written consent of
Parent, make any payment with respect to any such demands or offer
to settle or settle any such demands. Any communication to be made
by the Company to any Stockholder with respect to such demands
shall be submitted to Parent in advance and shall not be presented
to any Stockholder prior to the Company receiving Parent&#x2019;s
written consent, which shall not be unreasonably withheld,
conditioned or delayed.</font></div>
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</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(c)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; font-style: italic">Company Options and
Warrants</font>.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 96px"><font style="font-family: Times New Roman; font-size: 13px">(i)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; font-style: italic">Participating
Options.</font> At the First Effective Time, by virtue of the First
Merger and without any action on the part of Parent, Merger Subs,
the Company or, the Company Option or Company Warrant holders, each
vested In-the-Money Company Option or Company Warrant designated on
the Spreadsheet as a Participating Option (collectively, the
&#x201C;<font style="font-weight: bold">Participating
Options</font>&#x201D;) outstanding immediately prior to the First
Effective Time shall be cancelled and extinguished at the First
Effective Time and converted automatically on a net value basis, as
set forth in the Spreadsheet, into the right to receive, upon the
terms set forth in this <font style="font-weight: bold">Section
1.6</font> and throughout this Agreement (including <font style="font-weight: bold">Section 1.9</font> and the indemnification and
escrow provisions of this Agreement), and subject to the provisions
of <font style="font-weight: bold">Section 1.6(e)</font> such
holder&#x2019;s Pro Rata Portion of: (A) the Closing Stock Merger
Consideration; (B) the Closing Cash Merger Consideration; and (C) a
right to receive, at the times and subject to the requirements and
contingencies set forth in this Agreement, the portion of the
Escrow Shares and Escrow Cash, if any, required to be delivered to
such holder with respect thereto in accordance with <font style="font-weight: bold">Section 1.9</font>, <font style="font-weight: bold">Section 4.3</font> and <font style="font-weight: bold">Article VII</font> and the Escrow Agreements,
as and when such deliveries are required to be made, all amounts as
indicated on the Spreadsheet.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 96px"><font style="font-family: Times New Roman; font-size: 13px">(ii)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; font-style: italic">Assumed Options</font>. At
the First Effective Time, by virtue of the First Merger and without
any action on the part of Parent, Merger Subs, the Company or, the
Company Option holders thereof, each Company Option that is
In-the-Money and is not a Cashed-Out Option or Participating
Option, whether vested or unvested, and as designated on the
Spreadsheet (&#x201C;<font style="font-weight: bold">Assumed
Option</font>&#x201D;), which is outstanding immediately prior to
the First Effective Time, shall cease to represent a right to
acquire shares of Company Common Stock and shall be assumed and
converted, on a net value basis, as set forth on the Spreadsheet,
at the First Effective Time, into an option to purchase registered
shares of Parent Common Stock, on the same terms and conditions
(including any vesting or forfeiture and post-termination exercise
provisions, and taking into account any acceleration thereof
provided for in the relevant equity incentive plans of the Company
or in the related award documents by reason of the transactions
contemplated hereby) as were applicable to such Company Option as
of immediately prior to the First Effective Time. The number of
shares of Parent Common Stock subject to each such Assumed Option
shall be equal to (A) the number of shares of Company Common Stock
subject to each Company Option immediately prior to the First
Effective Time <font style="font-style: italic">multiplied</font>
by (B) the Exchange Ratio, rounded down, if necessary, to the
nearest whole share of Parent Common Stock, and such Assumed Option
shall have an exercise price per share (rounded up to the nearest
whole cent) equal to (C) the exercise price per share of Company
Common Stock otherwise purchasable pursuant to such Company Option
divided by (D) the Exchange Ratio; provided, that in the case of
any Assumed Option to which Section 421 of the Code applies as of
the First Effective Time (taking into account the effect of any
accelerated vesting thereof, if applicable) by reason of its
qualification under Section 422 of the Code, the exercise price,
the number of shares of Parent Common Stock subject to such option
and the terms and conditions of exercise of such option shall be
determined in a manner consistent with the requirements of Section
424(a) of the Code; provided further, that in the case of any
Assumed Option to which Section 409A of the Code applies as of the
First Effective Time, the exercise price, the number of shares of
Parent Common Stock subject to such option and the terms and
conditions of exercise of such option shall be determined in a
manner consistent with the requirements of Section 409A of the Code
in order to avoid the imposition of any additional Taxes
thereunder.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 96px"><font style="font-family: Times New Roman; font-size: 13px">(iii)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; font-style: italic">Canceled Company
Options.</font> At the First Effective Time, each Company Option,
whether vested or unvested, that is outstanding as of immediately
prior to the First Effective Time and that is not a Participating
Option or an Assumed Option and as designated on the Spreadsheet,
shall be cancelled for no consideration (only in the case of
Company Options that are Out-of-Money) or, for consideration of
such holder&#x2019;s Pro Rata Portion of the Closing Stock Merger
Consideration and the Closing Cash Merger Consideration as
designated on the Spreadsheet, pursuant to relevant equity
incentive plans of the Company or the related award documents or,
an option cancellation agreement entered into between the Company
and the Optionholder (each, a &#x201C;<font style="font-weight: bold">Cashed-Out Option</font>&#x201D;) and shall
thereafter be of no further force and effect.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 96px"><font style="font-family: Times New Roman; font-size: 13px">(iv)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; font-style: italic">Canceled Company
Warrants.</font> At the First Effective Time, each Company Warrant
that is outstanding and unexercised immediately prior to the First
Effective Time and is not a Participating Option, as designed in
the Spreadsheet, whether or not then vested or exercisable, shall
be cancelled for no consideration (only in the case of Company
Warrants that are Out-of-Money) or, for consideration of such
holder&#x2019;s Pro Rata Portion of the Closing Stock Merger
Consideration and/or the Closing Cash Merger Consideration as
designated on the Spreadsheet (which may be calculated not on a net
value basis), pursuant to the related warrant documents or a
warrant cancellation agreement entered into between the Company and
the Company Warrant holder (each, a &#x201C;<font style="font-weight: bold">Cashed-Out Warrant</font>&#x201D;)<font style="font-weight: bold">&#xA0;</font>and shall thereafter be of no
further force and effect.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 96px"><font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">(v)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; font-style: italic">Company Actions Regarding
Company Options and Company Warrants</font>. The Company shall,
prior to the First Effective Time, take or cause to be taken such
actions, and shall obtain all such consents including consents of
applicable Company Option and Company Warrant holders to (A)
exchange their Company Options and Company Warrants for such
holder&#x2019;s Pro Rata Portion of the Closing Stock Merger
Consideration and/or the Closing Cash Merger Consideration,
Exchange Options or other cash consideration pursuant to the
applicable warrant documents, as applicable, and cancel their
Company Options and Company Warrants concurrently at the Closing
and (B) release the Company, Parent and the Merger Subs from any
liability arising from such holders&#x2019; Company Options or
Company Warrants (collectively, &#x201C;<font style="font-weight: bold">Evidence of Company Actions Taken Regarding
Company Options and Company Warrants</font>&#x201D;), as may be
reasonably required to effect the foregoing provisions of this
<font style="font-weight: bold">Section 1.6(c)</font>, after
consultation with, and subject to the reasonable approval of,
Parent. Prior to the Closing, the Company shall provide notice (in
a form reasonably satisfactory to Parent and pursuant to the
applicable option or warrant documents) to each holder of an
outstanding Company Option or Company Warrant describing the
treatment of such Company Option or Company Warrant in accordance
with this <font style="font-weight: bold">Section 1.6(c)</font> and
shall provide the Evidence of Company Actions Taken Regarding
Company Options and Company Warrants to Parent. Notwithstanding the
foregoing, in the event any holder of Company Options or Company
Warrants does not return their Evidence of Company Actions Taken
Regarding Company Options and Company Warrants to the Company prior
to the Closing, such holder&#x2019;s Pro Rata Portion of the Closing
Stock Merger Consideration and/or the Closing Cash Merger
Consideration shall be paid by Parent to the Paying Agent at the
Closing and retained by the Paying Agent until such holder returns
their Evidence of Company Actions Taken Regarding Company Options
and Company Warrants to the Surviving LLC.</font></div>
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</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(d)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px">Private
Placement.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 96px"><font style="font-family: Times New Roman; font-size: 13px">(i)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">The Company shall
use commercially reasonable efforts to take such actions and cause
the holders of Company Capital Stock, Company Warrants and Company
Options who will receive Parent Common Stock upon the Closing to
provide all documentation, including investor questionnaires,
reasonably requested by Parent to allow Parent to issue the Parent
Common Stock to such holders in a manner that satisfies the private
placement requirements of Section 4(a)(2) and/or Rule 506 of
Regulation D under the Securities Act, including certifications to
Parent that (i) such holder is and will be, as of the First
Effective Time, an &#x201C;accredited investor&#x201D; (as such term
is defined in Rule 501 of Regulation D under the Securities Act)
and as to the basis on which such holder is an accredited investor;
or (ii) such holder is not and will not be, as of the First
Effective Time, an &#x201C;accredited investor&#x201D;, in which case
such holder either alone or with such holder&#x2019;s purchaser
representative has such knowledge and experience in financial and
business matters that such holder is capable of evaluating the
merits and risks of the Parent Common Stock; and (iii) that the
Parent Common Stock is being acquired for such holder&#x2019;s
account for investment only and not with a view towards, or with
any intention of, a distribution or resale thereof for at least a
period of six (6) months following the Closing. As it relates to
any holder that is not and will not be an &#x201C;accredited
investor&#x201D; as of the First Effective Time, Parent covenants
and agrees to furnish all information to such holders as is
required for compliance with Rule 502(b)(2) of Regulation D under
the Securities Act. The Parent Common Stock issued pursuant to this
Agreement will be deemed restricted shares as defined in Rule
144(a)(3) of the Securities Act and will be subject to certain
resale restrictions, including a six (6) month holding period, at
which time the holders thereof may request the Rule 144
restrictions be removed, and Parent agrees to take such action
reasonably requested by the holders thereof to authorize the
removal of any restricted legends and/or other restrictions on the
Parent Common Stock, including, if required, an opinion of the
Parent&#x2019;s general counsel; provided, however, that in the
event Parent&#x2019;s general counsel does not respond and fulfill a
request for an opinion from any such holder within five (5)
Business Days, such holder may select an alternative counsel
reasonably acceptable to Parent to provide such opinion, and, in
each case, the costs of such opinion shall be borne by Parent.
&#xA0;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(e)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; font-style: italic">Escrow Funds.</font> On the
Closing Date and in accordance with the escrow agreement in a form
reasonably acceptable to Parent, the Company, the Stockholder
Representative and the Escrow Agent (the &#x201C;<font style="font-weight: bold">Escrow Agreement</font>&#x201D;), Parent shall
deposit or cause to be deposited with the Escrow
Agent:</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 96px"><font style="font-family: Times New Roman; font-size: 13px">(i)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">the Indemnity
Escrow Amount (such shares in deposit (as may be reduced from time
to time), together with any interest, dividends, gains and other
income thereon, the &#x201C;<font style="font-weight: bold">Indemnity Escrow Fund</font>&#x201D;), which
shall be held for the purpose of securing the indemnification
obligations of the Contributing Equityholders set forth in
<font style="font-weight: bold">Article VII</font> and the
obligations of the Contributing Equityholders pursuant to
<font style="font-weight: bold">Section 1.9(e)</font>;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 96px"><font style="font-family: Times New Roman; font-size: 13px">(ii)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">the Purchase Price
Adjustment Escrow Amount (such shares in deposit (as may be reduced
from time to time), together with any interest, dividends, gains
and other income thereon, the &#x201C;<font style="font-weight: bold">Purchase Price Adjustment Escrow
Fund</font>&#x201D;), which shall be held for the purpose of
securing the obligations of the Contributing Equityholders in
<font style="font-weight: bold">Section 1.9(e)</font>;
and</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 96px"><font style="font-family: Times New Roman; font-size: 13px">(iii)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">the Special
Indemnification Escrow Amount (such cash in deposit (as may be
reduced from time to time), together with any interest, dividends,
gains and other income thereon, the &#x201C;<font style="font-weight: bold">Special Indemnification Escrow
Fund</font>&#x201D;), which shall be held for the purpose of
securing the obligations of the Contributing Equityholders with
respect to the Special Indemnification Matter.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(f)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; font-style: italic">PPP Escrow Funds.</font> On
the Closing Date and in accordance with the escrow agreement in a
form reasonably acceptable to the Company, Parent and the PPP
Lender (the &#x201C;<font style="font-weight: bold">PPP</font>
<font style="font-weight: bold">Escrow Agreement</font>&#x201D;),
Parent shall deposit or cause to be deposited with the PPP Lender
an amount in cash equal to the PPP Loan Escrow Amount (such amount
(as may be reduced from time to time), together with any interest,
dividends, gains and other income thereon, the &#x201C;<font style="font-weight: bold">PPP Loan Escrow Fund</font>&#x201D;), to be held
for the purpose of paying off the PPP Loan to the extent that the
Company&#x2019;s outstanding PPP Loan assumed by the Surviving LLC
is not fully forgiven by the U.S. Small Business Administration
post-Closing.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">(g)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;The
Escrow Cash and Escrow Shares shall be withheld from the amounts
payable to Equityholders pursuant <font style="font-weight: bold">Section 1.6(b)</font> and <font style="font-weight: bold">Section 1.6(c)</font> in accordance with their
respective Escrow Pro Rata Portion, as applicable, and the amount
of Escrow Cash and Escrow Shares so withheld shall be deemed to
have been contributed to the Escrow Funds with respect to such
Equityholders (the &#x201C;<font style="font-weight: bold">Contributing Equityholders</font>&#x201D;), as
set forth on the Spreadsheet. Except to the extent delivered to
Parent or a Parent Indemnified Party in connection with the
post-Closing price adjustment pursuant to <font style="font-weight: bold">Section 1.9</font> or an indemnity claim
pursuant to <font style="font-weight: bold">Article VII</font>, the
Parent Common Stock transferred to the Escrow Funds shall be
treated by Parent and its Affiliates as issued and outstanding
Parent Common Stock, and shall be held by the Escrow Agent in
accordance with the terms of the Escrow Agreement as a book
position registered in the name of Western Alliance Bank, as Escrow
Agent, in trust for the account and benefit of the Contributing
Equityholders. The Contributing Equityholders will be entitled to
exercise voting rights, and will be entitled to receive dividends
(other than non-taxable stock dividends, which shall be withheld by
Parent and included as part of the Escrow Funds), in each case with
respect to such Parent Common Stock. The Contributing Equityholders
shall be treated as owner of cash in the PPP Loan Escrow Fund for
Tax purposes prior to disbursement and all interest on or other
taxable income, if any, earned from the investment of such cash in
the PPP Loan Escrow Fund pursuant to this Agreement shall be
treated for tax purposes as earned by the Contributing
Equityholders. Parent shall be treated as owner of cash in the
Special Indemnification Escrow Fund for Tax purposes prior to
disbursement; all interest on or other taxable income, if any,
earned from the investment of such cash in the Special
Indemnification Escrow Fund pursuant to this Agreement shall be
treated for tax purposes as earned by Parent. Any payments to be
made out of the Escrow Funds for the benefit of the Contributing
Equityholders shall be made in accordance with <font style="font-weight: bold">Section 1.9</font>, <font style="font-weight: bold">Section 4.3</font> and <font style="font-weight: bold">Article VII</font>. Each Contributing
Equityholder&#x2019;s right, if any, to receive amounts or shares,
as applicable, from the Escrow Funds are non-transferable and
non-assignable, except that each Contributing Equityholder shall be
entitled to assign such Contributing Equityholder&#x2019;s rights to
such amounts or shares, as applicable, by will, by the laws of
intestacy or by other similar operation of law.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<div style="text-align: right; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px;">
Section 1.7</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px"><a name="_Toc65851685"><!--anchor--></a><font style="text-decoration: underline">Effect of the Second Merger on Capital
Stock of Constituent Entities</font></font><font style="font-family: Times New Roman; font-size: 10">.</font> <font style="font-family: Times New Roman; font-size: 13px">At the Second
Effective Time, by virtue of the Second Merger and without any
action on the part of Parent, the Surviving Corporation, Merger Sub
II, the Company or the respective stockholders or member as
applicable, thereof, (a) each share of capital stock of the
Surviving Corporation that is issued and outstanding immediately
prior to the Second Effective Time shall, by virtue of the Second
Merger and without further action on the part of the sole
stockholder of the Surviving Corporation, be cancelled and
extinguished for no consideration (b) each membership interest of
Merger Sub II that is issued and outstanding immediately prior to
the Second Effective Time shall, by virtue of the Second Merger and
without further action on the part of the sole member of Merger Sub
II, remain issued and outstanding.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px;">
Section 1.8</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px"><a name="_Toc65851686"><!--anchor--></a><font style="text-decoration: underline">Closing Date
Procedures.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(a)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; font-style: italic">Paying Agent</font>. As
soon as reasonably practicable after the date hereof, Parent shall
enter into the paying agent agreement in a form reasonably
acceptable to Parent, the Company, the Stockholder Representative
and the Paying Agent (the &#x201C;<font style="font-weight: bold; font-style: italic">Paying Agent
Agreement</font>&#x201D;), pursuant to which Parent shall appoint
the Paying Agent to act as the Paying Agent pursuant to the terms
of the Paying Agent Agreement for the purposes of distributing the
Aggregate Merger Consideration to the Equityholders (other than
Employee Optionholders) in accordance with the terms of the
Spreadsheet and this Agreement.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(b)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; font-style: italic">Closing Date Cash
Payments</font>.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 96px"><font style="font-family: Times New Roman; font-size: 13px">(i)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">At or prior to the
Closing, Parent shall cause an amount in cash equal to the Closing
Cash Merger Consideration, to be deposited in an account designated
by the Paying Agent for further distribution to the Equityholders
in accordance with <font style="font-weight: bold">Section
1.6(b)(i)</font>, <font style="font-weight: bold">Section
1.6(b)(ii)</font>, <font style="font-weight: bold">Section
1.6(c)(i), Section 1.6(c)(iii), Section 1.6(c)(iv), Section
1.8(c)</font> and the Spreadsheet as soon as reasonably practical
following the Closing and in accordance with the provisions of this
<font style="font-weight: bold">Section 1.8</font>. The aggregate
amount of the Pro Rata Portion of the Closing Cash Merger
Consideration that represents payments to all current or former
Employee holders of Cashed-Out Options or Participating Options
(collectively, the &#x201C;<font style="font-weight: bold">Employee
Optionholders</font>&#x201D;) as indicated to Parent by the Company
on the Spreadsheet, shall be deposited in an account designated by
Parent for further distribution to Company Option holders through
the Surviving LLC&#x2019;s payroll system, less any applicable
income and employment withholding Taxes, in accordance with
<font style="font-weight: bold">Section 1.6(c)(i)</font> and
<font style="font-weight: bold">Section 1.6(c)(iii)</font> and the
Spreadsheet as soon as reasonably practical following the Closing
and in accordance with the provisions of this <font style="font-weight: bold">Section 1.8</font>.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 96px"><font style="font-family: Times New Roman; font-size: 13px">(ii)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">At or prior to the
Closing, Parent shall cause an amount in cash equal to PPP Loan
Escrow Amount to be deposited in an account designated by the PPP
Lender to be held in accordance with the terms of the PPP Escrow
Agreement.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 96px"><font style="font-family: Times New Roman; font-size: 13px">(iii)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">At or prior to the
Closing, Parent shall cause an amount in cash equal to Special
Indemnification Escrow Amount to be deposited in an account
designated by the Escrow Agent to be held in accordance with the
terms of the Escrow Agreement.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 96px"><font style="font-family: Times New Roman; font-size: 13px">(iv)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">At or prior to the
Closing, Parent shall pay or cause to be paid, on behalf of the
Company or its applicable Subsidiary, the amounts set forth in the
Payoff Letters delivered pursuant to <font style="font-weight: bold">Section 4.3(a)</font> (collectively, the
&#x201C;<font style="font-weight: bold">Closing Indebtedness
Paid-off Amount</font>&#x201D;) by wire transfer of immediately
available funds to the accounts of the applicable lenders or other
parties as set forth in the Payoff Letters.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 96px"><font style="font-family: Times New Roman; font-size: 13px">(v)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">At or prior to the
Closing, Parent shall pay or cause to be paid, on behalf of the
Company or its applicable Subsidiary, by wire transfer of
immediately available funds, the Transaction Expenses set forth in
the Statement of Expenses to the applicable recipients as set forth
on the Statement of Expenses.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px;">(c)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; font-style: italic">Exchange Procedures for
Stockholders.</font> As soon as reasonably practicable after the
Closing, and in any event within three (3) Business days after the
Closing Date for each Stockholder for whom Paying Agent has
received such Stockholder&#x2019;s name, email address, certificate
number(s) and associated number(s) of shares of Company Capital
Stock, Parent or the Paying Agent shall mail or deliver via
electronic transmission a letter of transmittal in substantially
the form attached hereto as <font style="font-weight: bold; text-decoration: underline">Exhibit D</font>
(the &#x201C;<font style="font-weight: bold">Exchange
Documents</font>&#x201D;), together with the notification required
by Section 603(b) of the California Corporations Code, a statement
in accordance with the California Corporation Code regarding
appraisal rights, a cover letter, including such information
regarding the Mergers as may be required under the California
Corporations Code and all applicable Legal Requirements, together
with a copy of this Agreement, to allow the Stockholders to validly
waive or assert any appraisal rights or demands to purchase, all
tax-related documentation reasonably required by Parent, including
an IRS Form W-9 and/or IRS Form W-8BEN, as applicable, and such
additional information as Parent may determine is
appropriate,<font style="font-weight: bold">&#xA0;</font>to the
address set forth opposite each Stockholder&#x2019;s name on the
Spreadsheet. As soon as reasonably practical after Parent or the
Paying Agent receives the Exchange Documents and any applicable tax
forms that Parent or the Paying Agent may reasonably require in
connection therewith, duly completed and validly executed in
accordance with the instructions thereto, and a certificate
representing shares of Company Capital Stock (the
&#x201C;<font style="font-weight: bold">Company Stock
Certificates</font>&#x201D;) from a Stockholder,<font style="font-weight: bold">&#xA0;</font>(i) and in any event, in no less
than two (2) Business Days after receipt of the applicable Exchange
Documents and any other information reasonably required by the
Paying Agent or Parent,<font style="font-weight: bold">&#xA0;</font>the Paying Agent shall pay to such
Stockholder the portion of the cash consideration payable in
respect of such shares of Company Capital Stock pursuant to
<font style="font-weight: bold">Section 1.6(b)(i)</font> and the
Spreadsheet;<font style="font-weight: bold">&#xA0;</font>(ii)&#xA0;and in any event, in no
less than five (5) Business Days after receipt of the applicable
Exchange Documents and any other information reasonably required by
the Paying Agent or Parent, Parent shall cause its transfer agent
to issue to such Stockholder such holder&#x2019;s Pro Rata Portion
of the Closing Stock Merger Consideration issuable in respect of
each share of Company Capital Stock held by such Stockholder
pursuant to <font style="font-weight: bold">Section
1.6(b)(i)</font><font style="font-weight: bold;">&#xA0;</font>and
the Spreadsheet, and (iii) the Company Stock Certificate, if
applicable, so surrendered shall be marked as
&#x201C;cancelled&#x201D;. Until so surrendered, each Company Stock
Certificate outstanding after the First Effective Time will be
deemed, for all corporate purposes thereafter, to evidence only the
right to receive that portion of the Aggregate Merger Consideration
(each, without interest) issuable in exchange for the Company
Capital Stock represented by such Company Stock Certificate. No
portion of the Aggregate Merger Consideration will be paid to the
holder of any unsurrendered Company Stock Certificate with respect
to shares of Company Capital Stock formerly represented thereby
until the holder of record of such Company Stock Certificate shall
surrender such Company Stock Certificate and validly executed
Exchange Documents in accordance with the provisions of this
<font style="font-weight: bold;">Section 1.8</font>. For all
purposes of this Agreement and for U.S. federal income tax
purposes, in accordance with Treasury Regulation Section
1.358-2(a)(2)(ii), each Stockholder shall be treated as having
surrendered shares of Company Capital Stock, in the order set forth
in the Exchange Documents, in exchange for the cash consideration
payable to such Stockholder, and the portion of such shares treated
as exchanged for such cash consideration shall be equal to the
product of (x) the total number of shares of Company Capital Stock
to be surrendered by such Stockholder, multiplied by (y) the
percentage of the total value of the aggregate consideration
payable to such Stockholder in cash.</font></div>
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<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(d)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; font-style: italic">Issuance of Parent Common
Stock to Holders of Participating Options, Cashed-Out Options and
Cashed-Out Warrants and to Be Held in Applicable Escrow Funds;
Issuance of Exchange Options</font>. On the Closing Date, Parent
shall cause its transfer agent to (i) issue to each former holder
of Participating Options such holder&#x2019;s Pro Rata Portion of
the Closing Stock Merger Consideration issuable in respect thereof
pursuant to <font style="font-weight: bold">Section
1.6(c)(i)</font> and the Spreadsheet; (ii) issue to each former
holder of Cashed-Out Options such holder&#x2019;s Pro Rata Portion
of the Closing Stock Merger Consideration issuable in respect
thereof pursuant to <font style="font-weight: bold">Section
1.6(c)(iii)</font> and the Spreadsheet; (iii) issue to each former
holder of Cashed-Out Warrants such holder&#x2019;s Pro Rata Portion
of the Closing Stock Merger Consideration issuable in respect
thereof pursuant to <font style="font-weight: bold">Section
1.6(c)(iv)</font> and the Spreadsheet, if applicable; (iv) issue
such number of shares of Parent Common Stock equal to the sum of
(x) the Indemnity Escrow Amount and (y) the Purchase Price
Adjustment Escrow Amount to the Escrow Agent to be deposited in the
respective accounts of the Contributing Equityholders as designated
by the Escrow Agent in the amounts set forth in the Spreadsheet and
to be held in accordance with the terms of the Escrow Agreement;
and (v) issue to each Assumed Option holder the Exchange Options in
respect thereof pursuant to <font style="font-weight: bold">Section
1.6(c)(ii)</font> and the Spreadsheet.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px">
(e)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; font-style: italic">Lost, Stolen or Destroyed
Certificates.</font> In the event any Company Stock Certificate
shall have been lost, stolen or destroyed, the Paying Agent or
Parent shall pay and/or issue, in exchange for such lost, stolen or
destroyed certificate, the portion of the Aggregate Merger
Consideration, if any, payable and/or issuable in respect thereto
pursuant to <font style="font-weight: bold">Section
1.6(b)(i)</font> upon the making of a customary affidavit of that
fact by the holder thereof; <font style="font-style: italic">provided, however,</font> that if the
aggregate value of Company Stock Certificates being claimed by a
Stockholder as lost, stolen or destroyed exceeds $10,000, Parent
may, in its discretion and as a condition precedent to the issuance
thereof, require the Stockholder who is the owner of such lost,
stolen or destroyed certificates to provide a customary
indemnification agreement in form and substance reasonably
acceptable to Parent against any claim that may be made against
Parent, the Surviving Corporation, the Surviving LLC or the Paying
Agent with respect to the certificates alleged to have been lost,
stolen or destroyed.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px">
(f)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; font-style: italic">Transfers of
Ownership.</font> If any cash payments are to be made or any shares
of Parent Common Stock are to be issued pursuant to <font style="font-weight: bold">Section 1.6</font> and this <font style="font-weight: bold">Section 1.8</font> to a Person other than the
Person whose name is reflected on the Company Stock Certificate
surrendered in exchange therefor, it will be a condition of the
issuance or delivery thereof that the certificate so surrendered
will be properly endorsed (to the extent applicable) and otherwise
in proper form for transfer and that the person requesting such
exchange will have paid to Parent or any agent designated by it any
transfer or other Taxes required by reason of the payment of any
portion of the Aggregate Merger Consideration in any name other
than that of the registered holder of the certificate surrendered,
or established to the satisfaction of Parent or any agent
designated by it that such Tax has been paid or is not
payable.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px">
(g)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; font-style: italic">No Further Ownership Rights
in Company Capital Stock.</font> The amounts paid or payable or
issued or issuable in respect of the surrender for exchange of
shares of Company Capital Stock in accordance with the terms hereof
shall be paid or payable or issued or issuable in full satisfaction
of all rights pertaining to such shares of Company Capital Stock,
and there shall be no further registration of transfers on the
records of the Surviving Corporation or the Surviving LLC of shares
of Company Capital Stock which were outstanding immediately prior
to the First Effective Time or Second Effective Time. If, after the
First Effective Time, Company Stock Certificates are presented to
the Surviving Corporation or Surviving LLC for any reason, they
shall be canceled and exchanged as provided in this <font style="font-weight: bold">Article I.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px">
(h)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; font-style: italic">No Liability.</font>
Notwithstanding anything to the contrary in this Agreement, none of
Parent, Merger Subs, the Paying Agent, the Surviving Corporation,
the Surviving LLC, the Stockholder Representative or any party
hereto shall be liable to a Stockholder for any amount paid to a
public official pursuant to any applicable abandoned property,
escheat or similar Legal Requirement.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px;">
Section 1.9</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px"><a name="_Toc65851687"><!--anchor--></a><font style="text-decoration: underline">Closing Date
Adjustment.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(a)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">At least two (2)
Business Days prior to Closing, the Company shall deliver to Parent
a statement (the &#x201C;<font style="font-weight: bold">Estimated
Closing Statement</font>&#x201D;)<font style="font-weight: bold">&#xA0;</font>setting forth a good-faith
estimation of (A) the Net Working Capital (the &#x201C;<font style="font-weight: bold">Estimated Net Working Capital</font>&#x201D;)
and (B) the Closing Cash (the &#x201C;<font style="font-weight: bold">Estimated Closing Cash</font>&#x201D;) as of the
Determination Time and how such amounts are calculated, which shall
be prepared in accordance with the definitions of Net Working
Capital and Closing Cash, respectively, provided in this Agreement
and reasonably acceptable to Parent. The Closing Cash amount will
remain on the balance sheet for use in the business on and after
the Closing Date. For the avoidance of doubt, the Aggregate Merger
Consideration shall be paid on an estimated basis at the Closing
based on the Estimated Net Working Capital and the Estimated
Closing Cash and shall be subject to adjustment and true-up as
provided in this <font style="font-weight: bold">Section
1.9</font>.</font></div>
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<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(b)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">Parent, the Company
and the Stockholder Representative acknowledge and agree that the
Net Working Capital and the Closing Cash as of the Determination
Time may be different from the Estimated Net Working Capital and
the Estimated Closing Cash, respectively. Accordingly, as soon as
reasonably practicable, but not later than ninety (90) days after
the Closing Date, Parent shall prepare in good faith and deliver to
the Stockholder Representative (i) Parent&#x2019;s determination of
the Net Working Capital and the Closing Cash as of the
Determination Time, and (ii) a statement setting forth
Parent&#x2019;s resulting calculation of the Adjustment Amount,
together with reasonable detailed supporting documentation therefor
(the &#x201C;<font style="font-weight: bold">Parent Closing
Statement</font>&#x201D;).<font style="font-weight: bold">&#xA0;</font>Such estimates shall be based on
the Company&#x2019;s books and records and have been prepared in
accordance with GAAP and the definitions provided in this
Agreement. The Parent Closing Statement shall include a
reconciliation of such amounts with the amounts set forth in the
Estimated Closing Statement and shall set forth in reasonable
detail (and be accompanied by reasonable supporting documentation)
the basis for any discrepancy or disagreement. If Parent does not
deliver the Parent Closing Statement to the Stockholder
Representative within ninety (90) days after the Closing Date,
then, the Adjustment Amount, the Estimated Net Working Capital and
the Estimated Closing Cash included in the Estimated Closing
Statement shall become final and binding upon the parties hereto as
the final Adjustment Amount, the final Net Working Capital and the
final Closing Cash for all purposes hereunder.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(c)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">The Stockholder
Representative and Parent will have the right to review all
records, work papers and calculations, and shall have access to
such personnel and advisors of the Surviving LLC and Parent on
reasonable advance notice and during regular working hours, that
are reasonably necessary for the purpose of reviewing the Estimated
Closing Statement and the Parent Closing Statement; <font style="font-style: italic">provided</font> that Parent and the
Stockholder Representative will be entitled to withhold portions of
any such books, records, documents or other information or access
from the Stockholder Representative or Parent, as applicable, the
provision of which would, or would reasonably be likely, to cause
the attorney-client privilege thereof to be waived. The Stockholder
Representative will have thirty (30) days after Parent delivers the
Parent Closing Statement in which to notify Parent in writing (such
notice, a &#x201C;<font style="font-weight: bold">Closing Statement
Dispute Notice</font>&#x201D;)<font style="font-weight: bold">&#xA0;</font>of any discrepancy in, or
disagreement with, any calculations supporting, or any items
reflected on, the Parent Closing Statement (and specifying the
amount in dispute and setting forth in reasonable detail the basis
for such discrepancy or disagreement), and Parent and the
Stockholder Representative shall negotiate in good faith to resolve
such disputed items and, upon mutual agreement by Parent and the
Stockholder Representative in writing, an appropriate adjustment
will be made thereto. If the Stockholder Representative does not
deliver a Closing Statement Dispute Notice to Parent during such
thirty (30) day period, the Parent Closing Statement will be deemed
to be accepted in the form presented to the Stockholder
Representative and the Adjustment Amount, the Net Working Capital
and the Closing Cash included in the Parent Closing Statement shall
become final and binding upon the parties hereto as the final
Adjustment Amount, the final Net Working Capital and the final
Closing Cash for all purposes hereunder. If the Stockholder
Representative timely delivers a Closing Statement Dispute Notice
and Parent and the Stockholder Representative do not resolve,
within fifteen (15) days after timely delivery of the Closing
Statement Dispute Notice, any discrepancy or disagreement therein,
the discrepancy or disagreement may be submitted by either party
for review and final determination by the Designated Accounting
Firm. The parties hereto acknowledge and agree that the Federal
Rules of Evidence Rule 408 shall apply to Parent, the Surviving LLC
and the Stockholder Representative during such fifteen (15)-day
period of negotiations. The review by the Designated Accounting
Firm will be limited to the discrepancies and disagreements set
forth in the Closing Statement Dispute Notice, and the resolution
of such discrepancies and disagreements and the determination of
the Net Working Capital and the Closing Cash and (A) the resulting
calculation of the Adjustment Amount by the Designated Accounting
Firm must be in writing, (B) made in accordance with GAAP and the
definitions set forth herein, (C) with respect to any specific
discrepancy or disagreement, no greater than the higher amount
calculated by Parent or the Stockholder Representative, as the case
may be, and no lower than the lower amount calculated by Parent or
the Stockholder Representative as the case may be, (D) made as
promptly as practical after the submission of such discrepancies
and disagreements to the Designated Accounting Firm (but in no
event later than thirty (30) days after the date of submission),
(E) be based solely on written presentations by Parent and
Stockholder Representative that are in accordance with the
guidelines and procedures set forth in this Agreement and not on
the basis of an independent review, and (F) final and binding upon,
and non-appealable by, the parties hereto and their respective
successors and assigns for all purposes hereof, and not subject to
collateral attack for any reason absent manifest error or fraud.
The fees, costs and expenses of retaining the Designated Accounting
Firm will be allocated between (x) the Contributing Equityholders
and (y) Parent in inverse proportion as they may prevail on matters
resolved by the Designated Accounting Firm, which proportion will
be based on the amounts proposed by the Stockholder Representative
and Parent. Following the resolution of all objections of the
Stockholder Representative regarding the manner in which any item
or items are treated on the Parent Closing Statement, by mutual
agreement or as determined by the Designated Accounting Firm,
Parent will prepare the final statement reflecting such agreement
or determination of the Adjustment Amount, the Net Working Capital
and the Closing Cash and will deliver copies thereof to the
Stockholder Representative and such final statement will be the
final<font style="font-weight: bold">&#xA0;</font>Closing
Statement,<font style="font-weight: bold">&#xA0;</font>and, for the
avoidance of doubt, the Adjustment Amount, the Net Working Capital
and the Closing Cash set forth in such final Closing Statement will
be the final Adjustment Amount, the final Net Working Capital and
the final Closing Cash.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(d)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">If the final
Adjustment Amount reflects a positive adjustment (such positive
adjustment amount, the &#x201C;<font style="font-weight: bold">Excess Amount</font>&#x201D;), then Parent and
the Stockholder Representative shall issue joint written
instructions to the Escrow Agent to release the Adjustment Escrow
Fund within five (5) Business Days of the final determination of
the Adjustment Amount and Parent shall deposit the Excess Amount in
cash or shares of Parent Common Stock valued at the Parent Trading
Price per share, at Parent&#x2019;s choice, within five (5) Business
Days of the final determination of the Adjustment Amount with the
Paying Agent for further distribution to the Contributing
Equityholders based on their Escrow Pro Rata Portions in accordance
with the Spreadsheet.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(e)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">If the final
Adjustment Amount reflects a negative adjustment (such negative
amount, the &#x201C;<font style="font-weight: bold">Shortfall
Amount</font>&#x201D;), then Parent and the Stockholder
Representative shall issue joint written instructions to the Escrow
Agent to release the lesser of such (i) Shortfall Amount divided by
the Parent Trading Price (&#x201C;<font style="font-weight: bold">Shortfall Amount Shares</font>&#x201D;) and (ii)
the balance of the Purchase Price Adjustment Escrow Fund from the
Purchase Price Adjustment Escrow Fund to Parent, and to release any
remaining balance, if any, of the Purchase Price Adjustment Escrow
Fund to the Paying Agent for further distribution to the
Contributing Equityholders based on their Escrow Pro Rata Portions
in accordance with the Spreadsheet; <font style="font-style: italic">provided, however,</font> to the extent the
Purchase Price Adjustment Escrow Fund is insufficient to satisfy
the Shortfall Amount Shares, in such joint written instructions,
Parent and the Stockholder Representative shall direct the Escrow
Agent to release the balance of the Shortfall Amount Shares from
the Indemnity Escrow Fund to Parent. For the avoidance of doubt,
recovery from these Escrow Funds shall be the sole and exclusive
remedy available to Parent, the Surviving LLC and any of their
respective Affiliates with respect to any Shortfall
Amount.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px;">
Section 1.10</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px"><a name="_Toc65851688"><!--anchor--></a><font style="text-decoration: underline">Withholding</font></font><font style="font-family: Times New Roman; font-size: 10">.</font> <font style="font-family: Times New Roman; font-size: 13px">The Company, the
Paying Agent, Parent, the Surviving Corporation and the Surviving
LLC, shall be entitled to deduct and withhold, or cause to be
deducted and withheld, from any consideration payable or otherwise
deliverable pursuant to this Agreement such amounts as are required
to be deducted or withheld therefrom under any provision of Tax law
or under any Legal Requirements or applicable Orders, and to be
provided any necessary Tax forms, including a valid IRS Form W-9;
provided, however, that, except with respect to any deductions or
withholdings with respect to payments to Employees, Parent shall
use commercially reasonable efforts to (a) notify any Person
receiving any payment subject to deduction or withholding under
this <font style="font-weight: bold">Section 1.10</font> in
writing, prior to deducting or withholding any amounts or
permitting any such deduction or withholding, that such deduction
or withholding is required and (b) cooperate and cause its
Affiliates to cooperate with the Stockholder Representative in
order to permit such amounts to be paid without deduction or
withholding or at a reduced rate of deduction and withholding. To
the extent such amounts are so deducted or withheld and duly paid
over to the appropriate Governmental Entity, such amounts shall be
treated for all purposes under this Agreement as having been paid
to the Person to which such amounts would otherwise have been
paid.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px;">
Section 1.11</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px"><a name="_Toc65851689"><!--anchor--></a><font style="text-decoration: underline">Tax
Consequences</font></font><font style="font-family: Times New Roman; font-size: 10">.</font> <font style="font-family: Times New Roman; font-size: 13px">The parties hereto
intend for the Mergers to be treated as integrated steps in a
single transaction and together to qualify as a
&#x201C;reorganization&#x201D; within the meaning of Section 368(a)
of the Code, and this Agreement is intended to constitute a
&#x201C;plan of reorganization&#x201D; within the meaning of Treasury
Regulations Sections 1.368-2(g) and 1.368-3. The parties hereto
shall report for all tax, financial and accounting purposes the
Transactions as a reorganization under Section 368(a) of the Code,
unless otherwise required by Applicable Law. Notwithstanding the
foregoing, except as otherwise expressly provided in this
Agreement, none of Parent or any of its Affiliates makes any
representations or warranties to the Company or to any Equityholder
of the Company regarding the Tax treatment of the Mergers, or any
of the Tax consequences to the Company or any Equityholder of the
Company of this Agreement, the Mergers or any of the other
transactions or agreements contemplated hereby, and the Company
acknowledges that the Company and the Equityholders of the Company
are relying solely on their own Tax advisors in connection with
this Agreement, the Mergers and the other transactions and
agreements contemplated hereby.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px;">
Section 1.12</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px"><a name="_Toc65851690"><!--anchor--></a><font style="text-decoration: underline">Taking of Further
Action</font></font><font style="font-family: Times New Roman; font-size: 10">.</font> <font style="font-family: Times New Roman; font-size: 13px">If at any time
after the First Effective Time, any further action is necessary or
desirable to carry out the purposes of this Agreement, to vest the
Surviving LLC with full right, title and possession to all assets,
property, rights, privileges, powers and franchises of the Company,
to vest Parent with full right, title and possession to all of the
Company Capital Stock or to otherwise carry out the purposes of
this Agreement, then each of the Stockholder Representative, the
Company, Parent and the officers and directors of each of the
Company and Parent are fully authorized in the name of their
respective corporations or otherwise to take, and will take, all
such lawful and necessary action as any other party may reasonably
request.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; text-indent: 0px; margin-right: 0px;">
<div style="display: table-row"><font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font></div>
</div>
<div style="text-align: center"><font style="font-family: Times New Roman; font-size: 10"><font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">ARTICLE
II&#xA0;</font>&#xA0;<br></font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><a name="_Toc65851691"><!--anchor--></a></font><font style="font-family: Times New Roman; font-size: 13px; font-weight: bold;">REPRESENTATIONS
AND WARRANTIES</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold"><font style="font-family: Times New Roman; font-size: 13px">OF THE
COMPANY</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">Subject
to any disclosure set forth in the disclosure schedule delivered by
the Company to Parent on the date hereof concurrently with the
execution and delivery of this Agreement (the &#x201C;<font style="font-weight: bold">Disclosure Schedule</font>&#x201D;, the Company
hereby represents and warrants to Parent and Merger Subs that the
statements in this Article II are true and correct as of the date
hereof (except to the extent such representations and warranties
expressly relate to an earlier date). The Disclosure Schedule has
been arranged in separately numbered sections, subsections and
subclauses that correspond to the specific sections, subsections or
subclauses of each representation and warranty set forth in this
<font style="font-weight: bold">Article II</font>; <font style="font-style: italic">provided, however</font>, the disclosure of
any item in any section, subsection or subclause of the Disclosure
Schedule shall be deemed to incorporate by reference all
information disclosed in any other section, subsection or subclause
of the Disclosure Schedule to which the relevance of such item is
reasonably apparent without reading or knowing the underlying
documents.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px;">
Section 2.1</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px"><a name="_Toc65851692"><!--anchor--></a><font style="text-decoration: underline">Organization and Good
Standing.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(a)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">The Company is a
corporation duly incorporated, validly existing and in good
standing under the laws of the State of Delaware. The Company has
the requisite corporate power to own, lease and operate its assets
and properties and to carry on its business as currently conducted.
The Company is duly qualified or licensed to do business and in
good standing as a foreign corporation in California and each other
jurisdiction in which the character or location of its assets or
properties (whether owned, leased or licensed) or the nature of its
business requires such qualification or license, except where the
failure to so qualify or be licensed would not have a Company
Material Adverse Effect, <font style="background-color: rgb(255, 255, 255);">all of which jurisdictions
are set forth on</font> <font style="font-weight: bold">Section
2.1(a)</font> of the Disclosure Schedule.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(b)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">The Company has
Made Available true, correct and complete copies of its certificate
of incorporation, as amended to date (the &#x201C;<font style="font-weight: bold">Certificate of
Incorporation</font>&#x201D;)<font style="font-weight: bold">&#xA0;</font>and bylaws, as amended to date,
each in full force and effect on the date hereof (collectively, the
&#x201C;<font style="font-weight: bold">Charter
Documents</font>&#x201D;).<font style="font-weight: bold">&#xA0;</font>The board of directors of the
Company has not approved any amendment to any of the Charter
Documents that has not been Made Available. <font style="font-weight: bold">Section 2.1(b)</font> of the Disclosure
Schedule lists the directors and officers of the Company and every
jurisdiction in which the Company and its Subsidiaries have
Employee or own or lease facilities. The operations now being
conducted by the Company and its Subsidiaries are not now and have
never been conducted by the Company or any of its Subsidiaries
under any other name.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<div style="text-align: right; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px;">
Section 2.2</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px"><a name="_Toc65851693"><!--anchor--></a><font style="text-decoration: underline">Authority and
Enforceability</font></font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-style: italic">.</font> The Company has all requisite
corporate power and authority to enter into this Agreement and any
Related Agreements to which it is a party and, subject to receipt
of the Company Stockholder Approval, to consummate the First Merger
and the other Transactions. The execution and delivery of this
Agreement and any Related Agreements to which the Company is a
party and the consummation of the Mergers and the other
Transactions have been duly authorized by all requisite corporate
action on the part of the Company and no further corporate action
is required on the part of the Company to authorize the
Company&#x2019;s entry into this Agreement and any Related
Agreements to which the Company is a party or the consummation of
the Mergers or any other Transactions by the Company, other than
the adoption of this Agreement and approval of the Mergers by the
holders of at least a majority of the issued and outstanding shares
of Company Common Stock (the &#x201C;<font style="font-weight: bold">Company Stockholder Approval</font>&#x201D;).
The board of directors of the Company has unanimously approved this
Agreement, the Mergers and the other Transactions, and recommended
to the Stockholders that they vote in favor of adoption of this
Agreement and approval of the Mergers and the other Transactions
(the &#x201C;<font style="font-weight: bold">Company Board
Recommendation</font>&#x201D;). This Agreement and each of the
Related Agreements to which the Company is a party have been, or
when executed and delivered by the Company will be, duly executed
and delivered by the Company and, assuming the due authorization,
execution and delivery by the other parties hereto and thereto,
constitute, or when executed and delivered will constitute, the
valid and binding obligations of the Company enforceable against it
in accordance with their respective terms, subject to (x) Legal
Requirements of general application relating to bankruptcy,
insolvency, moratorium, the relief of debtors and enforcement of
creditors&#x2019; rights in general, and (y) rules of law governing
specific performance, injunctive relief, other equitable remedies
and other general principles of equity (clauses (x) and (y)
collectively, the &#x201C;<font style="font-weight: bold">Enforceability
Limitations</font>&#x201D;).</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px;">
Section 2.3</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px"><a name="_Toc65851694"><!--anchor--></a><font style="text-decoration: underline">Governmental Approvals and
Consents</font></font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-style: italic">.</font> Except as set forth on <font style="font-weight: bold">Section 2.3</font> of the Disclosure Schedule,
no consent, notice, waiver, approval, Order or authorization of, or
registration, declaration or filing with any Governmental Entity,
is required by, or with respect to, the Company or any of its
Subsidiaries in connection with the execution and delivery of this
Agreement and any Related Agreement to which the Company or any of
its Subsidiaries is a party or the consummation of the Mergers or
any other Transactions, except for (a) such consents, notices,
waivers, approvals, Orders, authorizations, registrations,
declarations and filings as may be required under applicable
securities laws and state &#x201C;blue sky&#x201D; laws, and (b) the
filing of the Certificates of Merger with the Secretary of State of
the State of Delaware.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px">
Section 2.4</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px"><a name="_Toc65851695"><!--anchor--></a><font style="text-decoration: underline">No Conflicts</font></font> <font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; font-style: italic">.</font> Assuming
compliance with the other regulatory measures, if any, described in
<font style="font-weight: bold">Section 2.3</font> hereto, and
except all necessary notices, consents, waivers and approvals of
parties to any Contracts as are required thereunder in connection
with the Mergers or any other Transactions as set forth on
<font style="font-weight: bold">Section 2.4</font> of the
Disclosure Schedule,<font style="font-weight: bold">&#xA0;</font>(i) the execution and delivery by
the Company of this Agreement and any Related Agreement to which
the Company or any of its Subsidiaries is a party, and (ii) the
consummation of the Mergers or any other Transactions, will not
conflict with or result in any violation of or default under (with
or without notice or lapse of time, or both) or give rise to a
right of termination, cancellation, material modification or
acceleration of any obligation or reasonably be expected to result
in a loss of any material benefit (any such event, a
&#x201C;<font style="font-weight: bold">Conflict</font>&#x201D;)
under (a) any provision of the Charter Documents (or the
organizational documents of any Subsidiary of the Company), as
amended, (b) any Company Contract or (c) any Legal Requirement or
Order applicable to the Company or any of its Subsidiaries or any
of their respective properties or assets (whether tangible or
intangible).</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px;">
Section 2.5</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px"><a name="_Toc65851696"><!--anchor--></a><font style="text-decoration: underline">Company Capital
Structure.</font></font></div>
<div><font>&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(a)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">The authorized
capital stock of the Company consists of 20,000,000 shares of
Company Common Stock, of which 6,157,856 shares are issued and
outstanding on the date hereof. The Company Capital Stock is held
by the Persons and in the amounts set forth in <font style="font-weight: bold">Section 2.5(a)</font> of the Disclosure
Schedule which further sets forth for each such Person the number
of shares held, class and/or series of such shares and the number
of the applicable stock certificates representing such shares (if
any). Except as set forth on <font style="font-weight: bold">Section 2.5(a)(2)</font> of the Disclosure
Schedule, all outstanding shares of Company Capital Stock are duly
authorized, validly issued, fully paid and non-assessable and are
not subject to preemptive rights created by statute, the Charter
Documents, or any Company Contract.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(b)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">All outstanding
shares of Company Capital Stock, Company Options, Company Warrants
and Company Convertible Notes have been (i) issued or repurchased
(in the case of shares that were outstanding and repurchased by the
Company) in compliance with all applicable Legal Requirements, (ii)
to the Knowledge of the Company, in the case of shares that were
transferred by the Company&#x2019;s Equityholders, transferred in
compliance with all applicable securities laws, (iii) to the
Knowledge of the Company, were issued, transferred and repurchased
(in the case of shares that were outstanding and repurchased by the
Company and in the case of shares transferred by the
Company&#x2019;s Equityholders) in accordance with any right of
first refusal or similar right or limitation. Other than the
Company Capital Stock set forth in <font style="font-weight: bold">Section 2.5(a)</font> of the Disclosure
Schedule, the Company has no other capital stock authorized, issued
or outstanding. There are no declared or accrued but unpaid
dividends with respect to any shares of Company Capital Stock.
True, correct and complete copies of all agreements and instruments
relating to any securities of the Company (to the extent in the
Company&#x2019;s possession or otherwise reasonably obtainable by
the Company) have been Made Available and such agreements and
instruments have not been amended, modified or
supplemented.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<div style="text-align: right; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(c)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">Except for the
Plan, and except as set forth on <font style="font-weight: bold">Section 2.5(c)</font> of the Disclosure
Schedule, neither the Company nor any of its Subsidiaries currently
maintain any stock option plan or any other plan or agreement
providing for equity or equity-related compensation to any Person
(whether payable in shares, cash or otherwise). The Company has
reserved 4,000,000 shares of Company Common Stock for issuance to
employees and directors of, and consultants to, the Company upon
the issuance of stock or the exercise of options granted under the
Plan, of which (i) 1,466,500 shares are issuable, as of the date
hereof, upon the exercise of outstanding, unexercised options
granted under the Plan, (ii) 1,000 shares have been issued upon the
exercise of options granted under the Plan and remain outstanding
as of the date hereof, (iii) zero (0) shares have been issued as
other types of equity awards under the Plan and remain outstanding
as of the date hereof, and (iv) 2,533,500 shares remain available
for future grant. In addition, 322,836 shares are issuable, as of
the date hereof, upon the exercise of outstanding, unexercised
warrants. All holders of Company Options are current or former
employees or non-employee directors or independent contractors,
advisors or consultants to or of the Company or a Subsidiary of the
Company. No Company Option or other &#x201C;stock right&#x201D; (as
defined in U.S. Treasury Department regulation 1.409A-1(1)) (A) has
an exercise price that was less than the fair market value of the
underlying equity as of the date such option or right was granted
and no exercise price of any Company Option has been amended
following the grant date of such Company Option to an exercise
price less than the fair market value on the date of such
amendment, (B) has any feature for the deferral of compensation
other than the deferral of recognition of income until the later of
exercise or disposition of such Company Option or other stock
rights, (C) has been granted after the Company&#x2019;s
incorporation, with respect to any class of stock of the Company
that is not &#x201C;service recipient stock&#x201D; (within the
meaning of applicable regulations under Section 409A), or (D) has
ever been accounted for other than fully in accordance with GAAP in
the Year-End Financial Statements.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">(d)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">Section 2.5(d)</font> of the Disclosure
Schedule sets forth for each outstanding Company Option and Company
Warrant, the name of the holder, the type of award for a Company
Option, the number of shares of Company Capital Stock issuable upon
the exercise of such Company Option or Company Warrant, the date of
grant for a Company Option and the exercise period for a Company
Warrant, the exercise price and the vesting status.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(e)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">Except as set forth
on <font style="font-weight: bold">Section 2.5(e)</font> of the
Disclosure Schedule, no bonds, debentures, notes or other
indebtedness of the Company or any of its Subsidiaries (i) having
the right to vote on any matters on which stockholders may vote (or
which is convertible into, or exchangeable for, securities having
such right) or (ii) the value of which is in any way based upon or
derived from capital or voting stock of the Company, are issued or
outstanding as of the date hereof.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(f)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">Except for the
Company Options, Company Warrants and Company Convertible Notes,
and except as set forth on <font style="font-weight: bold">Section
2.5(f)</font> of the Disclosure Schedule, there are no options,
warrants, calls, rights, convertible securities, commitments or
agreements of any character, written or oral, to which the Company
or any of its Subsidiaries is a party or by which the Company or
any of its Subsidiaries is bound obligating the Company or any of
its Subsidiaries to issue, deliver, sell, repurchase or redeem, or
cause to be issued, delivered, sold, repurchased or redeemed, any
shares of the capital stock of the Company or any of its
Subsidiaries or obligating the Company or any of its Subsidiaries
to grant, extend, accelerate the vesting of, change the price of,
otherwise amend or enter into any such option, warrant, call,
right, commitment or agreement. Except for the Company Options,
there are no outstanding or authorized stock appreciation, phantom
stock, profit participation, or other equity-compensation rights of
the Company or any of its Subsidiaries (whether payable in shares,
cash or otherwise). Except as contemplated hereby, there are no
voting trusts, proxies, or other agreements or understandings with
respect to the voting stock of the Company or any of its
Subsidiaries, and there are no agreements to which the Company or
any of its Subsidiaries is a party relating to the registration,
sale or transfer (including agreements relating to rights of first
refusal, co-sale rights or &#x201C;drag-along&#x201D; rights) of any
Company Capital Stock.</font></div>
&#xA0; <font style="font-family: Times New Roman; font-size: 13px;"><br>
</font></div>
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</div>
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</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">The
Company is not aware of any fact that will contradict the
following: As a result of the First Merger, Parent will be the sole
record and beneficial holder of all issued and outstanding Company
Capital Stock and all rights to acquire or receive any shares of
Company Capital Stock, whether or not such shares of Company
Capital Stock are outstanding. The information contained in the
Spreadsheet will be true, correct and complete as of the Closing
Date and the calculations performed to compute the information
contained therein will be accurate and in accordance with
applicable Legal Requirements, the terms of this Agreement, the
Charter Documents and all other agreements and instruments among
the Company and/or any of the Stockholders, and no Stockholder nor
any other holder of Company securities will be entitled to any
amounts except as provided in the Spreadsheet or applicable Legal
Requirements with respect to Dissenting Shares.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px">
Section 2.6</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px"><a name="_Toc65851697"><!--anchor--></a><font style="text-decoration: underline">Company
Subsidiaries.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(a)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">Section 2.6(a)(i)</font> of the Disclosure
Schedule lists each Subsidiary of the Company along with its
jurisdiction of incorporation or organization. Each Subsidiary of
the Company is an entity validly existing and in good standing
under the laws of the jurisdiction of its incorporation or
organization (or in the event good standing is not an applicable
concept in such jurisdiction, no proceedings have been initiated
for the dissolution of such Subsidiary under the laws of its
jurisdiction of incorporation or organization). Each Subsidiary of
the Company has the power to own its assets and properties and to
carry on its business as currently conducted. Each Subsidiary of
the Company is duly qualified or licensed to do business and is in
good standing in each jurisdiction in which the character or
location of its assets or properties (whether owned, leased or
licensed) or the nature of its business require such qualifications
or licenses (except in the event good standing is not an applicable
concept in any such jurisdiction), except where the failure to so
qualify or be licensed would not have a Company Material Adverse
Effect. Except as set forth on <font style="font-weight: bold">Section 2.6(a)(ii)</font> of the Disclosure
Schedule, all of the outstanding shares or other equity interests
of each Subsidiary of the Company are owned of record and
beneficially by the Company. All of the outstanding shares or other
equity interests of each Subsidiary of the Company are duly
authorized, validly issued, fully paid and non-assessable and are
not subject to preemptive rights created by statute, the charter
documents or bylaws or other organizational documents of such
Subsidiary, or any agreement to which such Subsidiary is a party or
by which it is bound, and have been issued in compliance with all
applicable Legal Requirements. There are no options, warrants,
calls, rights, commitments or agreements of any character, written
or oral, to which any Subsidiary of the Company is a party or by
which any Subsidiary of the Company is bound obligating such
Subsidiary to issue, deliver, sell, repurchase or redeem, or cause
to be issued, sold, repurchased or redeemed, any shares of the
capital stock or other equity interests of such Subsidiary or
obligating such Subsidiary to grant, extend, accelerate the vesting
of, change the price of, otherwise amend or enter into any such
option, warrant, call right, commitment or agreement. There are no
outstanding or authorized stock appreciation, phantom stock, profit
participation, or other similar rights with respect to any
Subsidiary of the Company.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(b)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">A true, correct and
complete copy of the charter documents and bylaws or other
organizational documents of each Subsidiary of the Company, each as
amended to date and in full force and effect on the date hereof,
has been Made Available. No Subsidiary of the Company is threatened
with or subject to any bankruptcy or insolvency proceedings or is
or likely to become unable to pay its due debts upon their
maturity. <font style="font-weight: bold">Section 2.6(b)(i)</font>
of the Disclosure Schedule lists, for each Subsidiary of the
Company on the date of this Agreement, (A) the managers, directors
and officers for each such Subsidiary and (B) the name(s) of the
shareholder(s) and other equity interest holders (and percentage
owned by each), if applicable, of such Subsidiary. Except as set
forth on <font style="font-weight: bold">Section 2.6(b)(ii)</font>
of the Disclosure Schedule, any Subsidiaries that are not
wholly-owned by the Company are controlled by the Company and
consolidated with the Company in the Financials.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(c)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">Section 2.6(c)</font> of the Disclosure
Schedule lists each corporation, limited liability company,
partnership, association, joint venture or other business entity
(other than the Company&#x2019;s Subsidiaries) in which the Company
owns, directly or indirectly, any shares or any interest. Neither
the Company nor any of its Subsidiaries have entered into any
Contracts to make any future investment in or capital contribution
to any Person.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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</div>
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</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px;">
Section 2.7</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px"><a name="_Toc65851698"><!--anchor--></a><font style="text-decoration: underline">Company Financial Statements; Internal
Financial Controls.</font></font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font><font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">(a)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">Section 2.7(a)</font> of the Disclosure
Schedule sets forth the Company&#x2019;s (i) audited consolidated
balance sheets as of December 31, 2019, December 31, 2018 and
December 31, 2017 and each of the related consolidated statements
of income, cash flow and stockholders&#x2019; equity for the twelve
(12) month periods then ended (the &#x201C;<font style="font-weight: bold">Year-End Financials</font>&#x201D;), and (ii)
reviewed unaudited consolidated balance sheet as of September 30,
2020 (the &#x201C;<font style="font-weight: bold">Balance Sheet
Date</font>&#x201D;),<font style="font-weight: bold">&#xA0;</font>and the related unaudited
consolidated statements of income, cash flow and
stockholders&#x2019; equity for the nine (9) months then ended (the
&#x201C;<font style="font-weight: bold">Interim
Financials</font>&#x201D;<font style="font-weight: bold">&#xA0;</font>and, together with the Year-End
Financials, collectively referred to as the &#x201C;<font style="font-weight: bold">Financials</font>&#x201D;).<font style="font-weight: bold">&#xA0;</font>The Year-End Financials and the
Interim Financials have been prepared in accordance with GAAP. The
Financials present fairly in all material respects the
Company&#x2019;s consolidated financial condition, operating results
and cash flows as of the dates and during the periods indicated
therein, subject in the case of the Interim Financials to normal
year-end adjustments, which are not material in amount or
significance in any individual case or in the aggregate and the
absence of footnote disclosures and other presentation items. The
Company&#x2019;s unaudited consolidated balance sheet as of the
Balance Sheet Date is referred to hereinafter as the
&#x201C;<font style="font-weight: bold">Current Balance
Sheet</font>.&#x201D;<font style="font-weight: bold">&#xA0;</font>The Books and Records of the
Company and each of its Subsidiaries have been, and are being,
maintained in all material respects in accordance with applicable
legal and accounting requirements, and the Financials are
consistent with such Books and Records.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(b)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">All of the accounts
receivable, whether billed or unbilled, of the Company and each of
its Subsidiaries arose in the ordinary course of business, are not
subject to any valid set-off or counterclaim, do not represent
obligations for goods sold on consignment, on approval or on a
sale-or-return basis and are not subject to any other repurchase or
return arrangement.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(c)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">The Company and
each of its Subsidiaries have established and maintain, adhere to
and enforce a system of internal accounting controls which are
effective in providing reasonable assurance regarding the
reliability of financial reporting and the preparation of financial
statements (including the Financials), in accordance with GAAP,
including policies and procedures that (i) require the maintenance
of records that in reasonable detail accurately and fairly reflect
the transactions and dispositions of the assets of the Company and
each of its Subsidiaries in all material respects, (ii) provide
assurance that transactions are recorded as necessary to permit
preparation of financial statements in accordance with GAAP, and
that receipts and expenditures of the Company and each of its
Subsidiaries are being made only in accordance with appropriate
authorizations of management and the board of directors of the
Company in all material respects and (iii) provide assurance
regarding prevention or timely detection of unauthorized
acquisition, use or disposition of the assets of the Company and
each of its Subsidiaries. Neither the Company nor any of its
Subsidiaries (including any manager thereof) have identified or
been made aware of (x) any significant deficiency or material
weakness in the system of internal accounting controls utilized by
the Company or any of its Subsidiaries, (y) any fraud, whether or
not material, that involves the management or other Employees of
the Company (current or former) or any of its Subsidiaries who have
a role in the preparation of financial statements or the internal
accounting controls utilized by the Company or any of its
Subsidiaries or (z) any claim or allegation regarding any of the
foregoing.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px">
Section 2.8</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px"><a name="_Toc65851699"><!--anchor--></a><font style="text-decoration: underline">No Undisclosed
Liabilities</font></font> <font style="font-family: Times New Roman; font-size: 13px">. As of the date of
this Agreement, neither the Company nor any of its Subsidiaries
have any liability, indebtedness, obligation, commitment, expense,
claim, deficiency, guaranty or endorsement of any type, whether
accrued, absolute, contingent, matured, unmatured or otherwise
(whether or not required to be reflected in financial statements
prepared in accordance with GAAP), except (a) for those which have
been reflected in the Current Balance Sheet, (b) those that are
expressly disclosed on <font style="font-weight: bold">Section
2.8</font> of the Disclosure Schedule, (c) contractual and other
liabilities which have been incurred or have arisen in the ordinary
course of business (none of which is a liability for breach of
contract, breach of warranty, tort, infringement, misappropriation,
dilution or violation of law), (d) for those which incurred solely
as a result of any action expressly required to be taken pursuant
to the terms of the Agreement, or (e) those, that to the Knowledge
of the Company, do not individually exceed $10,000, or $50,000 in
the aggregate. All reserves that are set forth in or reflected in
the Current Balance Sheet have been established in accordance with
GAAP as consistently applied by the Company for pre-Closing
periods.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px">
Section 2.9</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px"><a name="_Toc65851700"><!--anchor--></a><font style="text-decoration: underline">No Changes</font></font> <font style="font-family: Times New Roman; font-size: 13px">. Since the Balance
Sheet Date through the date hereof,</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(a)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">no event,
occurrence or development that has had, or could reasonably be
expected to have, individually or in the aggregate, a Company
Material Adverse Effect has occurred or arisen, and</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(b)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">except as set forth
on <font style="font-weight: bold">Section 2.9(b)</font> of the
Disclosure Schedule, neither the Company nor any of its
Subsidiaries have taken any of the following actions:</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 96px"><font style="font-family: Times New Roman; font-size: 13px">(i)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">caused or permitted
any modifications, amendments or changes to the Charter Documents
or the organizational documents of any of its
Subsidiaries;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 96px"><font style="font-family: Times New Roman; font-size: 13px">(ii)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">split, combined or
reclassified of any shares of its capital stock;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 96px"><font style="font-family: Times New Roman; font-size: 13px">(iii)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">issued, sold or
otherwise disposed of any of its capital stock (other than in
connection with the Transactions under this Agreement), or granted
any options, warrants or other rights to purchase or obtain
(including upon conversion, exchange or exercise) any of its
capital stock;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 96px"><font style="font-family: Times New Roman; font-size: 13px">(iv)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">declared or paid
any dividends or distributions on or in respect of any of its
capital stock or redeemed, purchased or acquired any of its capital
stock;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 96px"><font style="font-family: Times New Roman; font-size: 13px">(v)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">formed, or entered
into any commitment to form, a subsidiary, or acquired, or entered
into any commitment to acquire, an interest in any corporation,
association, joint venture, partnership or other business entity or
division thereof;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 96px"><font style="font-family: Times New Roman; font-size: 13px">(vi)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">made or agreed to
make any capital expenditure or entered into any agreement
obligating the Company to make a capital expenditure exceeding
$20,000 individually or $75,000 in the aggregate;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 96px"><font style="font-family: Times New Roman; font-size: 13px">(vii)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">entered into any
agreement, contract or commitment for the sale, lease, license or
transfer of any Company IP or any agreement, contract or commitment
or modification or amendment to any agreement with respect to
Company IP with any Person, except non-exclusive licenses or
sublicenses granted in the ordinary course of business consistent
with past practice;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 96px"><font style="font-family: Times New Roman; font-size: 13px">(viii)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">abandoned or
allowed to lapse or failed to maintain in full force and effect any
Registered IP, or failed to take or maintain reasonable measures to
protect the confidentiality or value of any trade secrets included
in the Company Intellectual Property;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 96px"><font style="font-family: Times New Roman; font-size: 13px">(ix)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">acquired or agreed
to acquire or disposed or agreed to dispose of any assets of the
Company or any of its Subsidiaries or any business enterprise or
division thereof outside the ordinary course of the business of the
Company or any of its Subsidiaries, and consistent with past
practice;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 96px"><font style="font-family: Times New Roman; font-size: 13px">(x)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">incurred any
Indebtedness, which is not paid off as of the date of this
Agreement, issued or sold any debt securities, created a Lien
(other than Permitted Liens) over any asset of the Company or any
of its Subsidiaries or materially amended the terms of any
outstanding loan agreement;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 96px"><font style="font-family: Times New Roman; font-size: 13px">(xi)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">suffered any
material damage, destruction or loss (whether or not covered by
insurance) to its tangible or intangible property;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 96px"><font style="font-family: Times New Roman; font-size: 13px">(xii)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">accelerated,
terminated, materially modified or cancelled any material Contract
(including, but not limited to, any Material Contract) to which the
Company is a party or by which it is bound;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 96px"><font style="font-family: Times New Roman; font-size: 13px">(xiii)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">made any loan to
any Person (except for advances to employees for reasonable
business travel and other business expenses in the ordinary course
of business consistent with past practice), purchased debt
securities of any Person or guaranteed any indebtedness of any
Person;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 96px"><font style="font-family: Times New Roman; font-size: 13px">(xiv)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">paid, discharged,
released, waived or satisfied any claims, rights or liabilities,
other than the payment, discharge or satisfaction in the ordinary
course of business of liabilities reflected on the Current Balance
Sheet or incurred in the ordinary course of business after the
Balance Sheet Date;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 96px"><font style="font-family: Times New Roman; font-size: 13px">(xv)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">adopted or changed
accounting methods or practices (including any change in
depreciation or amortization policies or rates or any change to
practices that would impact the methodology for recognizing
revenue) other than as required by GAAP;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 96px"><font style="font-family: Times New Roman; font-size: 13px">(xvi)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">(A) made or changed
any material election in respect of Taxes other than in the
ordinary course of business consistent with past practice, (B)
adopted or changed any accounting method in respect of Taxes, (C)
entered into any closing agreement in respect of Taxes, (D) settled
any claim or assessment in respect of a material amount of Taxes,
(E) consented to any extension or waiver of the limitation period
applicable to any claim or assessment in respect of material Taxes,
(F) made or requested any Tax ruling, (G) entered into any Tax
sharing or similar agreement or arrangement, (other than any
agreement or arrangement the primary subject matter of which is not
Taxes), or (H) amended any income or other material Tax
Return;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 96px"><font style="font-family: Times New Roman; font-size: 13px">(xvii)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">increased, or
agreed to increase, in excess of $50,000 in the aggregate, the base
cash compensation payable, to its officers, directors, senior
Employees, independent contractors or consultants with annual base
compensation in excess of $100,000, or granted any change in
control benefit, severance or termination pay to, or entered into
any employment or severance agreement with, any of its current
Employees, directors, independent contractors or consultants, other
than in the ordinary course of business consistent with past
practice or as required by Legal Requirement;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 96px"><font style="font-family: Times New Roman; font-size: 13px">(xviii)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">terminated any
Employee whose annual salary exceeded $150,000, other than in the
ordinary course of business consistent with past practice or as
required by Legal Requirement or otherwise cause any Employees to
resign, in each case other than (x) in the ordinary course of
business consistent with past practice or (y) for
&#x201C;cause&#x201D; or poor performance;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 96px"><font style="font-family: Times New Roman; font-size: 13px">(xix)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">canceled, amended
(other than in connection with the addition of customers and
suppliers to such insurance policies from time to time in the
ordinary course of business consistent with past practices) or
failed to renew (on substantially similar terms) any insurance
policy of the Company or any of its Subsidiaries;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 96px"><font style="font-family: Times New Roman; font-size: 13px">(xx)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">except as required
by applicable Legal Requirements and the Transactions contemplated
herein, convened any regular or special meeting (or any adjournment
or postponement thereof) of the Stockholders; or</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 96px"><font style="font-family: Times New Roman; font-size: 13px">(xxi)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">taken, committed,
or agreed in writing or otherwise to take, any of the actions
described in the foregoing clauses of this <font style="font-weight: bold">Section 2.9(b)</font>.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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</div>
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</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px;">
Section 2.10</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px"><a name="_Toc65851701"><!--anchor--></a><font style="text-decoration: underline">Taxes.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10"><br></font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(a)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; font-style: italic">Tax Returns and
Payments.</font> Each income and other Tax Return required to be
filed by or on behalf of the Company or any of its Subsidiaries
with any Governmental Entity, including all Tax Returns required to
be filed by the Company for fiscal years ending on or prior to
December 31, 2019: (i) except as set forth on Section <font style="font-weight: bold">2.10(a)(i)</font> of the Disclosure Schedule,
has been filed on or before its applicable due date (including any
extensions of such due date); and (ii) has been accurately and
completely prepared in compliance with all applicable Legal
Requirements. All amounts of Taxes required to be paid by the
Company and each of its Subsidiaries have been timely paid (whether
or not shown on any Tax Return). Neither the Company nor any
Subsidiary is the beneficiary of any extension of time within which
to file any Tax Return, except extensions not currently in effect
or obtained in the ordinary course of business. Neither the Company
nor any of its Subsidiaries has deferred or delayed the payment of
any Taxes under provisions of the CARES Act or any executive order,
or has otherwise availed themselves of any Tax benefits or
deferrals provided under the CARES Act.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(b)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; font-style: italic">Reserves for Payment of
Taxes.</font> The Financials accurately and fully accrue in all
material respects all actual and contingent liabilities for Taxes
with respect to all periods through the dates thereof in accordance
with GAAP. Neither the Company nor any of its Subsidiaries have
incurred any liability for Taxes since the Balance Sheet Date other
than in the ordinary course of business.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(c)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; font-style: italic">Audits; Claims; Etc.</font>
No Tax Return of the Company or any of its Subsidiaries is
currently under any examination or audit by any Governmental
Entity. Neither the Company nor any of its Subsidiaries have
received from any Governmental Entity any: (i) written notice
indicating an intent to open a Tax audit or other review; (ii)
written request for information related to Tax matters; or (iii)
written notice of deficiency or proposed Tax adjustment, in each
case, which has not settled or resolved. No claim or legal
proceeding is pending or threatened in writing against the Company
or any of its Subsidiaries in respect of any Tax (including any Tax
filing or Tax reporting obligation). There are no unsatisfied
liabilities for Taxes with respect to any notice of deficiency or
similar document received by the Company or any of its
Subsidiaries. There are no Liens for Taxes upon any of the assets
of the Company or any of its Subsidiaries except Liens for current
Taxes not yet due and payable or which are being contested in good
faith (and for which there are adequate accruals made in accordance
with GAAP).</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(d)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; font-style: italic">Distributed Stock.</font>
Neither the Company nor any of its Subsidiaries have distributed
stock of another Person, and neither the Company nor any of its
Subsidiaries have had their stock distributed by another Person, in
a transaction that was purported or intended to be governed in
whole or in part by Section 355 or Section 361 of the Code during
the two (2) years prior to the date of this Agreement.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px">
(e)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; font-style: italic">Sales Tax.</font> Except as
set forth on Section <font style="font-weight: bold">2.10(e)</font>
of the Disclosure Schedule, the Company and each of its
Subsidiaries has collected and remitted all amounts, sales, use,
value added, ad valorem, personal property and similar Taxes
(<font style="font-weight: bold">&#x201C;Sales
Taxes&#x201D;</font>)<font style="font-weight: bold">&#xA0;</font>with respect to sales made or
services provided and, for all sales or provision of services that
are exempt from Sales Taxes and that were made without charging or
remitting Sales Taxes, the Company or its Subsidiaries, as
applicable, has received and retained any required Tax exemption
certificates or other documentation qualifying such sale or
provision of services as exempt.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px">
(f)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; font-style: italic">Gain Recognition
Agreements.</font> The Company is not a party to a gain recognition
agreement under Section 367 of the Code.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px">
(g)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; font-style: italic">Section 965.</font> The
Company will not be required to include in income following the
Closing any amount as a result of an election under Section 965(h)
of the Code.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px">
(h)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; font-style: italic">Tax Indemnity Agreements;
Etc.</font> Neither the Company nor any of its Subsidiaries
currently are a party to or bound by any Tax indemnity agreement,
Tax sharing agreement, Tax allocation agreement or similar Contract
(in each case, other than any Contract, agreement or arrangement
(i) between or among the Company and any of its Subsidiaries or
(ii) the primary subject matter of which is not Taxes), and after
the Closing Date, neither the Company nor any of its Subsidiaries
will be bound by any such agreement or similar arrangement or have
any liability thereunder for any amounts. Neither the Company nor
any of its Subsidiaries have any liability for Taxes of any Person
(other than the Company and its Subsidiaries, as the case may be)
under Treasury Regulations Section 1.1502-6 (or any similar
provision of state, local or non-U.S. Legal Requirements), as a
transferee or successor, by operation of law or
otherwise.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px">
(i)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; font-style: italic">No Other Jurisdictions for
Filing Tax Returns.</font> Neither the Company nor any of its
Subsidiaries are subject to Tax in any country other than their
respective countries of incorporation or formation by virtue of
having a permanent establishment or other place of business in that
country. No claim has ever been made by a Governmental Entity in a
jurisdiction where the Company or any of its Subsidiaries does not
file Tax Returns that the Company or any of its Subsidiaries, as
the case may be, is or may be subject to taxation by that
jurisdiction.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px">
(j)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; font-style: italic">Transfer Pricing.</font>
The Company and each of its Subsidiaries are in compliance with all
applicable transfer pricing laws, including Treasury Regulations
promulgated under Section 482 of the Code (or any comparable
provisions of state, local or non-U.S. Legal Requirements). All
intercompany agreements have been adequately documented, and such
documents have been duly executed in a timely manner.</font></div>
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</div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px;">(k)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; font-style: italic">Tax Shelters; Listed
Transactions; Etc.</font> Neither the Company nor any of its
Subsidiaries have consummated or participated in, nor is the
Company or any of its Subsidiaries currently participating in, any
transaction which was or is a &#x201C;tax shelter&#x201D; transaction
as defined in Section 6662 of the Code and the Treasury Regulations
promulgated thereunder. Neither the Company nor any of its
Subsidiaries have ever participated in, nor is currently
participating in, a &#x201C;listed transaction&#x201D; within the
meaning of Section 6707A(c) of the <font style="font-weight: bold; font-style: italic">Code</font> or Treasury
Regulations Section 1.6011-4(b). The Company and each of its
Subsidiaries has disclosed on its respective Tax Returns any Tax
reporting position taken in any Tax Return which could reasonably
be expected to result in the imposition of penalties under Section
6662 of the Code (or any comparable provisions of state, local or
non-U.S. Legal Requirements).</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(l)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; font-style: italic">Withholding.</font> The
Company and each of its Subsidiaries: (i) has complied with all
applicable Legal Requirements relating to the payment, reporting
and withholding of Taxes (including withholding of Taxes pursuant
to Sections 1441, 1442, 1445 and 1446 of the Code or similar
provisions under any non-U.S. Legal Requirement); (ii) has, within
the time and in the manner prescribed by applicable Legal
Requirements, withheld from employee wages or consulting
compensation and timely paid over to the proper Governmental
Entities (or is properly holding for such timely payment) all
amounts required to be so withheld and paid over under all
applicable Legal Requirements, including federal and state income
and employment Taxes, Federal Insurance Contribution Act, Medicare,
Federal Unemployment Tax Act, and relevant non-U.S. income and
employment Tax withholding Legal Requirements; and (iii) has timely
filed all withholding Tax Returns, for all periods.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px">
(m)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; font-style: italic">Change in Accounting
Methods; Closing Agreements; Etc.</font> Neither the Company nor
any of its Subsidiaries will be required to include any item of
income in, or exclude any item of deduction from, taxable income
for any taxable period (or portion thereof) ending after the
Closing Date as a result of any: (i) change in method of accounting
made prior to the First Effective Time or use of an improper method
of accounting for any taxable period (or portion thereof) ending on
or before the Closing Date; (ii) closing agreement as described in
Section 7121 of the Code (or any corresponding or similar provision
of state, local, or non-U.S. Tax law) executed prior to the First
Effective Time; (iii) intercompany transactions or excess loss
accounts described in Treasury Regulations under Section 1502 of
the Code (or any similar provision of state, local, or non-U.S. Tax
law) with respect to a transaction occurring prior to the First
Effective Time; (iv) installment sale or open transaction
disposition made prior to the First Effective Time; (v) prepaid
amount received or deferred revenue accrued on or prior to the
First Effective Time; or (vi) election under Section 108(i) of the
Code (or any similar provision of state, local, or non-U.S. Tax
law.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px">
(n)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; font-style: italic">Consolidated Groups.</font>
N either the Company nor any of its Subsidiaries have ever been a
member of an affiliated, combined, consolidated or unified group
(including within the meaning of Section 1504(a) of the Code)
filing a consolidated federal income Tax Return (other than a group
the common parent of which was the Company).</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px">
(o)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; font-style: italic">PFICs; CFCs.</font> Except
as set forth on <font style="font-weight: bold">Section
2.10(o)</font> of the Disclosure Schedule, the Company does not own
any interest in any controlled foreign corporation (as defined in
Section 957 of the Code) (&#x201C;<font style="font-weight: bold">CFC</font>&#x201D;)<font style="font-weight: bold">&#xA0;</font>or passive foreign investment
company (as defined in Section 1297 of the Code)
(&#x201C;<font style="font-weight: bold">PFIC</font>&#x201D;).</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(p)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; font-style: italic">Section 83(b).</font> To
the Company&#x2019;s Knowledge, no Person holds, or has ever
acquired, shares of Company Common Stock that are nontransferable
and subject to a substantial risk of forfeiture within the meaning
of Section 83 of the Code with respect to which a valid election
under Section 83(b) of the Code has not timely been made. The
Company has Made Available true, correct and complete copies in its
possession of all election statements under Section 83(b) of the
Code, together with evidence in its possession of timely filing of
such election statements with the appropriate Internal Revenue
Service Center, with respect to any unvested securities or other
property issued by the Company, or any Subsidiary to any of their
respective employees, non-employee directors, consultants and other
service providers.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px">
(q)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; font-style: italic">Section 409A.</font> Except
as set forth on <font style="font-weight: bold">Section
2.10(q)</font> of the Disclosure Schedule, each Company Employee
Plan and Contract, agreement or arrangement between the Company or
any Subsidiary and any Employee that is a &#x201C;nonqualified
deferred compensation plan&#x201D; (as such term is defined in
Section 409A(d)(1) of the Code), has been at all times since the
Company&#x2019;s incorporation in operational and documentary
compliance with Section 409A of the Code (or any state law
equivalent) and the regulations and guidance thereunder
(&#x201C;<font style="font-weight: bold">Section
409A</font>&#x201D;). No nonqualified deferred compensation plan
that was originally exempt from application of Section 409A has
been &#x201C;materially modified&#x201D; (within the meaning of IRS
Notice 2005-1) at any time since the Company&#x2019;s incorporation.
No compensation will, or could reasonably be expected to be,
includable in the gross income of any Employee as a result of the
operation of Section 409A with respect to any Company Employee Plan
or other arrangements or agreements that is or has been in effect
at any time prior to the First Effective Time. To the extent
required, the Company and each of its Subsidiaries have properly
reported and/or withheld and remitted on amounts deferred under any
nonqualified deferred compensation plan subject to Section 409A.
There is no Contract, agreement, plan or arrangement to which the
Company or any Subsidiary is a party covering any Employee of the
Company or any of its Subsidiaries, which individually or
collectively obligates the Company or any of its Affiliates to pay
a Tax gross-up payment to, or otherwise indemnify or reimburse, any
Employee for Tax-related payments under Section 409A.</font></div>
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</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px">
(r)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; font-style: italic">Section 280G.</font> There
is no agreement, plan, arrangement or other Contract covering any
current or former Employee to which the Company and/or any
Subsidiary is a party or by which the Company and/or any Subsidiary
is bound that, considered individually or collectively with any
other such agreements, plans, arrangements or other Contracts,
will, or could reasonably be expected to, as a result of the
Transactions and other agreements contemplated by this Agreement
(whether alone or upon the occurrence of any additional or
subsequent events), be characterized as an &#x201C;excess parachute
payment&#x201D; within the meaning of Section 280G of the Code (or
any corresponding or similar provision of state, local or foreign
Tax law). No stock of the Company or any Stockholders is readily
tradable on an established securities market or otherwise (within
the meaning of Section 280G and the regulations promulgated
thereunder) such that the Company is ineligible to seek stockholder
approval in a manner that complies with Code Section 280G(b)(5). No
amount that will be received (whether in cash or property or the
vesting of any property) as a result of the consummation of the
Transactions by any employee, director, or other service provider
of the Company under any Company Employee Plan or otherwise would
not be deductible by reason of Section 280G of the Code nor would
be subject to an excise tax under Section 4999 of the
Code.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px">
(s)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; font-style: italic">Section 4999.</font> There
is no agreement, plan, arrangement or other Company Contract by
which the Company or any of its Subsidiaries is bound to compensate
any Employee for excise taxes paid pursuant to Section 4999 of the
Code.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(t)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">The representations
and warranties set forth in this <font style="font-weight: bold">Section 2.9</font> (other than the final
sentence of <font style="font-weight: bold">Section 2.9(a)</font>,
<font style="font-weight: bold">Sections 2.10(f)</font> through
<font style="font-weight: bold">(h)</font> and <font style="font-weight: bold">Section 2.10(m)</font>) are made only with
respect to Pre-Closing Tax Periods and shall not be construed as a
representation or warranty with respect to Tax positions that
Parent or any of its Affiliates (including the Company and its
Subsidiaries) may take in or in respect of a Tax period (or portion
thereof) beginning after the Closing Date.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px">
Section 2.11</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px"><a name="_Toc65851702"><!--anchor--></a><font style="text-decoration: underline">Real
Property</font></font>
<font style="font-family: Times New Roman; font-size: 13px">. The Company and
its Subsidiaries do not own any real property. <font style="font-weight: bold">Section 2.11(a)</font> of the Disclosure
Schedule sets forth a list of all real property currently leased,
subleased or licensed by or from the Company or any of its
Subsidiaries or otherwise used or occupied by the Company or any of
its Subsidiaries (collectively, the &#x201C;<font style="font-weight: bold">Leased Real Property</font>&#x201D;).
<font style="font-weight: bold">Section 2.11(a)</font> of the
Disclosure Schedule lists (a) the street address of each parcel of
Leased Real Property; (b) if such property is leased or subleased
by the Company, the landlord under the lease, the rental amount
currently being paid, and the expiration of the term of such lease
or sublease for each leased or subleased property; and (c) the
current use of such property. The Company has Made Available a true
and complete copy of all leases, lease guaranties, subleases,
agreements for the leasing, use or occupancy of, or otherwise
granting a right in or relating to the Leased Real Property,
including all amendments, terminations and modifications thereof
(collectively, the &#x201C;<font style="font-weight: bold">Lease
Agreements</font>&#x201D;). Except as set forth on <font style="font-weight: bold">Section 2.11(b)</font> of the Disclosure
Schedule, (i) the Company and its Subsidiaries currently occupy all
of the Leased Real Property for the operation of its business, and
(ii) there are no other parties occupying, or with a right to
occupy, the Leased Real Property. The use and operation of the
Leased Real Property in the conduct of the Company&#x2019;s business
do not violate any Legal Requirement, covenant, condition,
restriction, easement, license, permit or agreement. To the
Knowledge of the Company, no material improvements constituting a
part of the Leased Real Property encroach on real property owned or
leased by a Person other than the Company (for the avoidance of
doubt, all material improvements constituting a part of the Leased
Real Property are on real property owned by the Company&#x2019;s or
its Subsidiaries&#x2019; respective landlord for each such parcel of
Leased Real Property). There are no Actions pending nor, to the
Knowledge of the Company, threatened against or affecting the
Leased Real Property or any portion thereof or interest therein in
the nature or in lieu of condemnation or eminent domain
proceedings.</font></div>
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<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px">
Section 2.12</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px"><a name="_Toc65851703"><!--anchor--></a><font style="text-decoration: underline">Tangible
Property</font></font> <font style="font-family: Times New Roman; font-size: 13px">. The Company and
each of its Subsidiaries have good and valid title to, or, in the
case of Leased Real Property, valid leasehold interests in, all of
their tangible properties and assets, real, personal and mixed,
used or held for use in its business, free and clear of any Liens,
except (a) as reflected in the Current Balance Sheet, (b) Liens for
Taxes not yet due and payable or which are being contested in good
faith and for which there are adequate accruals made in accordance
with GAAP (c) such imperfections of title and encumbrances, if any,
which do not detract from the value or interfere with the present
use of the property subject thereto or affected thereby, (d) as set
forth on <font style="font-weight: bold;">Section 2.12</font> of
the Disclosure Schedules and (e) Permitted Liens. The material
items of equipment owned or leased by the Company and each of its
Subsidiaries (i) are reasonably adequate for the conduct of the
business of the Company and its Subsidiaries in accordance with the
Company&#x2019;s past practices, and (ii) in good operating
condition, regularly and properly maintained, subject to normal
wear and tear.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px">
Section 2.13</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px"><a name="_Toc65851704"><!--anchor--></a><font style="text-decoration: underline">Intellectual
Property</font>.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px;">(a)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; font-style: italic">Disclosures.</font> The
Disclosure Schedule accurately identifies and describes: (i) in
<font style="font-weight: bold">Section 2.13(a)(i)</font> of the
Disclosure Schedule, each current Company Product (by name, version
number, and other appropriate identifiers); (ii) in <font style="font-weight: bold">Section 2.13(a)(ii)</font> of the Disclosure
Schedule, (A) each item of Intellectual Property Rights that are
owned by, or purported to be owned by, the Company or any of its
Subsidiaries that is Registered IP, (B) the record owner, and, if
different, the legal and beneficial owner, of such item of such
Registered IP, (C) the jurisdiction in which such item of
Registered IP has been registered or filed and the applicable
application, registration or serial number, (D) the status of each
item of Registered IP, including any upcoming deadlines in the next
60 days and (E) for each domain name registration, the applicable
domain name registrar, the expiration date for the registration,
and name of the registrant and (iii) in <font style="font-weight: bold;">Section 2.13(a)(iii)</font> of the Disclosure
Schedule, all unregistered trademarks owned or used by the Company
or any of its Subsidiaries.</font></div>
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<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(b)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; font-style: italic">Ownership Free and
Clear.</font> Except as set forth on <font style="font-weight: bold">Section 2.13(b)</font> of the Disclosure
Schedule, the Company or one of its Subsidiaries exclusively own
all right, title and interest to and in the Company IP, free and
clear of any Liens other than Permitted Liens. Without limiting the
generality of the foregoing:</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 96px"><font style="font-family: Times New Roman; font-size: 13px">(i)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">all documents and
instruments necessary to perfect the rights of the Company and its
Subsidiaries in the Company IP that is Registered IP have been
validly executed, delivered and filed in a timely manner with the
applicable Governmental Entity;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 96px"><font style="font-family: Times New Roman; font-size: 13px">(ii)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">except as set forth
on <font style="font-weight: bold">Section 2.13(b)(ii)</font> of
the Disclosure Schedule, each Employee (current or former) who is
or was involved in the authorship, invention, creation, conception
or development of any Company IP for or on behalf of the Company or
any of its Subsidiaries has entered into a written agreement (A)
assigning all such Intellectual Property and such Intellectual
Property Rights to the Company and its Subsidiaries, and (B)
containing confidentiality provisions protecting the Company
IP;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 96px"><font style="font-family: Times New Roman; font-size: 13px">(iii)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">except as set forth
on <font style="font-weight: bold">Section 2.13(b)(iii)</font> of
the Disclosure Schedule, all Company IP created by the
Company&#x2019;s or its Subsidiaries&#x2019; founders or other
Persons for or on behalf of or in contemplation of the Company or
its Subsidiaries (A) prior to the inception of the Company or its
Subsidiaries or (B) prior to their commencement of employment with
the Company or its Subsidiaries have been irrevocably assigned to
the Company;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 96px"><font style="font-family: Times New Roman; font-size: 13px">(iv)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">except as set forth
on <font style="font-weight: bold">Section 2.13(b)(iv)</font> of
the Disclosure Schedule, no Employee or former employer of any
Employee has any claim, right or interest (including the right to
obtain any claim, right or interest) to or in any Company
IP;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 96px"><font style="font-family: Times New Roman; font-size: 13px">(v)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">neither the Company
nor any of its Subsidiaries are utilizing (A) any unlicensed
Intellectual Property or Intellectual Property Rights authored,
invented, created, conceived or developed by any third party or by
any Employees or Persons the Company or any of its Subsidiaries
currently intends to hire or engage as a contractor, or (B) to the
Knowledge of the Company, any confidential information of any other
Persons to which such Employees were exposed prior to their
employment by the Company or any of its Subsidiaries;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 96px"><font style="font-family: Times New Roman; font-size: 13px">(vi)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">to the Knowledge of
the Company, no Employee is in breach of any Contract with any
former or concurrent employer or other Person concerning
Intellectual Property Rights, confidentiality or
noncompetition;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 96px"><font style="font-family: Times New Roman; font-size: 13px">(vii)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">no funding,
facilities, resources or personnel of any Governmental Entity or
any research or educational institution were used to develop or
create any Company IP;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 96px"><font style="font-family: Times New Roman; font-size: 13px">(viii)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">except as set forth
on <font style="font-weight: bold">Section 2.13(b)(viii)</font> of
the Disclosure Schedule, the Company and each of its Subsidiaries
have taken all commercially reasonable steps to maintain the
confidentiality of all material proprietary information held by the
Company or any of its Subsidiaries, or purported to be held by the
Company or any of its Subsidiaries, as a trade secret, including
any confidential information or trade secrets provided to the
Company or any of its Subsidiaries by any Person under an
obligation of confidentiality, and no such proprietary information
has been authorized to be disclosed or has actually been disclosed
to any Person other than pursuant to a written confidentiality
Contract restricting the disclosure and use of such proprietary
information;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 96px"><font style="font-family: Times New Roman; font-size: 13px;">(ix)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">neither the Company
nor any of its Subsidiaries have made, directly or indirectly, any
commitments, promises, submissions, suggestions, statements or
declarations (including any membership commitments or other
commitments, promises, submissions, suggestions, statements or
declarations that could require or obligate the Company or any of
its Subsidiaries to grant or offer to any other Person any license
or right to any Company IP or otherwise impair or limit the Company
or any of its Subsidiaries&#x2019; control of any Company IP) to any
standards-setting bodies, industry groups or other similar
organizations (&#x201C;<font style="font-weight: bold;">Standards
Organizations</font>&#x201D;) with respect to Company IP, and no
patent or copyright included in the Company IP (A) except as set
forth on <font style="font-weight: bold">Section
2.13(b)(ix)(A)</font> of the Disclosure Schedule, is subject to any
commitment that would require the grant of any license or other
right to any Person or otherwise limit the Company&#x2019;s control
of any Company IP or (B) has been identified by the Company or, to
the Knowledge of the Company, any other Person as essential to any
Standards Organization or any standard promulgated by any Standards
Organization;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 96px"><font style="font-family: Times New Roman; font-size: 13px">(x)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">except as set forth
on <font style="font-weight: bold">Section 2.13(b)(x)</font> of the
Disclosure Schedule, either the Company or any one or more of its
Subsidiaries owns or otherwise has the right to use, and after the
Closing will continue to have, all Intellectual Property Rights and
Intellectual Property used in or needed to conduct the business of
such entity as currently conducted by the Company and its
Subsidiaries;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 96px"><font style="font-family: Times New Roman; font-size: 13px">(xi)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">all material
Company IP will be fully transferable and alienable by the Company
or one or more of its Subsidiaries at the Closing without
restriction, other than Permitted Liens, and without payment of any
kind to any Person;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 96px"><font style="font-family: Times New Roman; font-size: 13px">(xii)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">no Company IP is
subject to any Action that restricts in any manner the use, offer
for sale, sale, license, practice and other exploitation thereof or
that would reasonably be expected to have an adverse effect on the
use, validity or enforceability thereof in the business or
operations of the Company or any of its Subsidiaries;
and</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 96px"><font style="font-family: Times New Roman; font-size: 13px">(xiii)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">the Company and its
Subsidiaries have the exclusive right to bring an Action against a
third party for infringement or misappropriation of the Company
IP.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(c)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; font-style: italic">Legal Requirements.</font>
No trademark (whether registered or unregistered), trade name,
domain name or otherwise protected designation <font style="font-style: italic">(e.g.,</font> worktitle) used by Company
conflicts or interferes with any trademark (whether registered or
unregistered), trade name or domain name owned, used or applied for
by any other Person. None of the goodwill associated with or
inherent in any trademark (whether registered or unregistered)
within the Company IP has been impaired. To the Knowledge of the
Company, each item of Company IP that is Registered IP has been in
compliance with all Legal Requirements, and all filings, payments
and other actions required to be made or taken to maintain such
item of Company IP in full force and effect have been made by the
applicable deadline. To the Knowledge of the Company, there is no
basis for a claim that any Company IP is invalid or, except for
pending applications, unenforceable. No issuance or registration
obtained and no application filed by the Company or any of its
Subsidiaries in connection with the Company IP has been cancelled,
abandoned, allowed to lapse or not renewed, except (i) where the
Company or its Subsidiaries, as applicable, has in its reasonable
business judgment decided to cancel, abandon, allow to lapse or not
renew such issuance, registration, or application, and (ii) except
as set forth on <font style="font-weight: bold">Section
2.13(c)</font> of the Disclosure Schedule.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px">
(d)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; font-style: italic">Effects of the
Mergers.</font> Neither the execution, delivery or performance of
this Agreement or any Related Agreement nor the consummation of the
Mergers or any of the other Transactions will, with or without
notice or the lapse of time, result in or give any other Person the
right or option to cause or declare: (i) a loss of, or Lien on
(except for any Permitted Liens), any Company IP; (ii) the release,
disclosure or delivery of any Company IP by or to any escrow agent
or other Person; (iii) the grant, assignment or transfer to any
other Person of any license or other right or interest under, to or
in any of the Company IP or any Intellectual Property or
Intellectual Property Rights owned by, or licensed to, Parent or
any of its Subsidiaries (other than the Company or any of its
Subsidiaries); or (iv) payment of any royalties or other license
fees with respect to Intellectual Property Rights of any other
Person in excess of those payable by the Company or any of its
Subsidiaries in the absence of this Agreement or the
Transactions.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px">
(e)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; font-style: italic">No Third Party Infringement
of Company IP.</font> To the Knowledge of the Company, no Person
has infringed, misappropriated, or otherwise violated, and no
Person is currently infringing, misappropriating or otherwise
violating, any Company IP. Neither the Company nor any of its
Subsidiaries have brought any Actions alleging (i) infringement,
misappropriation or other violation of any Company IP or (ii)
breach of any license, sublicense or other agreement authorizing
another party to use any Company IP, and, to the Knowledge of the
Company, there do not exist any facts which could currently form
the basis of any such Actions. Neither the Company nor any of its
Subsidiaries have entered into any agreement granting any Person
the right to bring infringement actions with respect to, or
otherwise to enforce rights with respect to, the Company IP.
<font style="font-weight: bold">Section 2.13(e)</font> of the
Disclosure Schedule accurately identifies (and the Company has Made
Available a true, correct and complete copy of) each letter or
other written or electronic communication or correspondence that
has been sent or otherwise delivered by or to the Company or any of
its Subsidiaries or representatives regarding any actual, alleged
or suspected infringement or misappropriation of any Company IP by
a Person.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px">
(f)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; font-style: italic">Use of Licensed IP.</font>
The Company has written licenses or rights under compulsory
licenses for all Licensed IP and, except as set forth on
<font style="font-weight: bold">Section 2.13(f)</font> of the
Disclosure Schedule, such licenses are of sufficient scope to
permit the Company and each of its Subsidiaries to conduct its
business as currently conducted without infringing or violating the
rights of the respective licensors of such Licensed IP. Neither the
Company nor any of its Subsidiaries, or, to the Knowledge of the
Company, any other Person, is in breach of any Licensed IP
Contract.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px">
(g)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; font-style: italic">Sufficiency of IP.</font>
The Company IP and the Licensed IP together constitute all of the
Intellectual Property and Intellectual Property Rights used to
operate the businesses of the Company and each of its Subsidiaries
as currently conducted.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px;">(h)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; font-style: italic">No Infringement of Third
Party IP Rights.</font> Neither the Company nor any of its
Subsidiaries is infringing, misappropriating or otherwise
violating, or has infringed, misappropriated or otherwise violated,
any Intellectual Property Right of any other Person, and the
conduct of the business of the Company and each of its
Subsidiaries, as conducted by the Company and each of its
Subsidiaries prior the Closing Date, does not infringe,
misappropriate or otherwise violate any Intellectual Property Right
of any other Person, violate any right of any Person (including any
right to privacy or publicity), or constitute unfair competition or
trade practices under any Legal Requirement. Without limiting the
generality of the foregoing: (i) to the Knowledge of the Company,
no Company Product has ever infringed, misappropriated or otherwise
violated any Intellectual Property Right of any other Person in any
material respect; (ii) no Action for infringement, misappropriation
or similar claim or legal proceeding is pending or has been
threatened against the Company or any of its Subsidiaries or, to
the Knowledge of the Company, against any other Person who may be
entitled to be indemnified, defended, held harmless or reimbursed
by the Company or any of its Subsidiaries with respect to such
claim or legal proceeding and (iii) neither the Company nor any of
its Subsidiaries have received any notice or other communication
(A) relating to any actual, alleged or suspected infringement,
misappropriation or violation of any Intellectual Property Right of
any other Person, (B) inviting the Company or any of its
Subsidiaries to license any Intellectual Property Right of any
other Person or (C) claiming that any Company Product or the
operation of the business of the Company or any of its Subsidiaries
constitutes unfair competition or trade practices under any Legal
Requirements.</font></div>
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</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px">
(i)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; font-style: italic">Bugs.</font> None of the
Company Software: (i) except as set forth on <font style="font-weight: bold">Section 2.13(i)</font> of the Disclosure
Schedule, contains any defect or vulnerability that adversely
affects the security of such Company Software; or (ii) to the
Knowledge of the Company, fails to comply with any applicable
warranty or other contractual commitment relating to the use,
functionality, security or performance of such Company Software.
The Company has Made Available a true, correct and complete list of
all known material bugs, defects and errors (the effect of which
would render Company software inoperable or suffering significant
reduction in functionality) in the current version of the Company
Software. Without limiting the foregoing, there are no warranty,
indemnification requests or other claims asserted against the
Company or any of its Subsidiaries related to any Company Software
which remain unresolved as of the date hereof.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px">
(j)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; font-style: italic">No Harmful Code.</font>
None of the Company Software contains any &#x201C;back door,&#x201D;
&#x201C;drop dead device,&#x201D; &#x201C;time bomb,&#x201D;
&#x201C;Trojan horse,&#x201D; or &#x201C;worm&#x201D; or to the
Knowledge of the Company, &#x201C;virus&#x201D; (as such terms are
commonly understood in the Software industry) or any other code
designed or intended to have, or capable of performing, any of the
following functions: (i) disrupting, disabling, harming or
otherwise impeding in any manner the operation of, or providing
unauthorized access to, a computer system or network or other
device on which such code is stored or installed; or (ii) damaging
or destroying any data or file without the user&#x2019;s consent
(collectively, &#x201C;<font style="font-weight: bold">Harmful
Code</font>&#x201D;).</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px">
(k)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; font-style: italic">Company IT Assets.</font>
All Software, systems, servers, computers, hardware, firmware,
middleware, networks, data communications lines, routers, hubs,
switches and other information technology equipment used in the
operation of the Company&#x2019;s and each of its
Subsidiaries&#x2019; businesses (collectively, the
&#x201C;<font style="font-weight: bold">Company IT
Assets</font>&#x201D;) are in good working order, operate in a
manner consistent with their documentation and specifications and
are adequate for the operation of such businesses as presently
conducted. The Company IT Assets have not materially malfunctioned
or failed within the past three (3) years, and do not contain any
Harmful Code or other Software routines or hardware components that
(i) disrupt or adversely affect the functionality of any Company IT
Assets or other Software or systems, or (ii) enable or assist any
Person to access without authorization any Company IT Assets. The
Company and each of its Subsidiaries have taken commercially
reasonable steps to provide for the archival, back-up, recovery and
restoration of the Company IT Assets.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px">
(l)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; font-style: italic">Security Measures.</font>
The Company and each of its Subsidiaries have taken steps and
implemented procedures intended to ensure that the information
technology systems used in connection with the operation of the
businesses of the Company and each of its Subsidiaries are free
from any Harmful Code. The Company and each of its Subsidiaries
have implemented disaster recovery and security plans, procedures
and facilities for the businesses of the Company and each of its
Subsidiaries, and have taken reasonable administrative, technical
and physical measures consistent with (or exceeding) industry
standards to safeguard the Company Software and Company IT Assets
from unauthorized access, disclosure or use by any Person. Without
limiting the generality of the foregoing, the Company and each of
its Subsidiaries have implemented security plans that are intended
to (i) identify internal and external risks to the security of the
Company&#x2019;s and each of its Subsidiaries&#x2019; confidential
information and any Private Data held or used by the Company and
each of its Subsidiaries and (ii) implement, monitor and improve
adequate and effective safeguards to control those risks. Such
security plans described above have been designed with the security
standards referenced in the Company or any of the
Subsidiaries&#x2019; product marketing materials. To the Knowledge
of the Company, there have been no unauthorized intrusions or
breaches of the security of the Company IT Assets or Company
Software.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px">
(m)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; font-style: italic">No Spyware or
Malware.</font> None of the Company Software performs the following
functions, without the knowledge and consent of the owner or
authorized user of a computer system or device: (i) sends
information of a user to any other Person without the user&#x2019;s
consent or collects Personal Data stored on the computer system or
device; (ii) interferes with the owner&#x2019;s or an authorized
user&#x2019;s control of the computer system or device; (iii)
changes or interferes with settings, preferences or commands
already installed or stored on the computer system or device
without the knowledge of the owner or an authorized user of the
computer system or device; (iv) changes or interferes with data
that is stored, accessed or accessible on any computer system or
device in a manner that obstructs, interrupts or interferes with
lawful access to or use of that data by the owner or an authorized
user of the computer system or device; (v) causes the computer
system or device to communicate with another computer system or
device; (vi) installs a computer program that may be activated by a
Person other than the owner or an authorized user of the computer
system or device; (vii) records a user&#x2019;s actions without the
user&#x2019;s knowledge; or (viii) employs a user&#x2019;s Internet
connection without the user&#x2019;s knowledge to gather or transmit
information regarding the user or the user&#x2019;s
behavior.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px">
(n)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px">Use
of Open Source Code.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 96px"><font style="font-family: Times New Roman; font-size: 13px">(i)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">Neither the Company
nor any of its Subsidiaries has used, modified, or distributed any
Open Source Software in a manner that: (A) could or does require
(or could or does condition the use or distribution of such
Software on) the disclosure, licensing or distribution of any
source code for any Company IP or any portion of any material
Company Product other than such Open Source Software; (B) could or
does require the licensing or disclosure of any Company
IP,<font style="font-weight: bold">&#xA0;</font>or any portion of
any material Company Product other than such Open Source Software,
for the purpose of making derivative works; (C) except as set forth
on <font style="font-weight: bold">Section 2.13(n)(i)(C)</font> of
the Disclosure Schedule, could or does otherwise impose any
limitation, restriction or condition on the right or ability of the
Company or any of its Subsidiaries to use or distribute any
material Company IP, including restrictions on the consideration to
be charged for the distribution of any material Company Product;
(D) creates obligations for the Company or any of its Subsidiaries
with respect to Company IP or grants to any Person any rights or
immunities under Company IP; or (E) except as set forth on
<font style="font-weight: bold">Section 2.13(n)(i)(E)</font> of the
Disclosure Schedule, imposes any other limitation, restriction or
condition on the right of the Company or any of its Subsidiaries to
use or distribute any Company Product.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 96px"><font style="font-family: Times New Roman; font-size: 13px">(ii)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">Except as set forth
on <font style="font-weight: bold">Section 2.13(n)(ii)</font> of
the Disclosure Schedule, The Company and each of its Subsidiaries
have complied with all of the terms and conditions of each
applicable license for Open Source Software, including all
requirements pertaining to attribution and copyright notices. The
Company and each of its Subsidiaries regulate the use,
modification, and distribution of Open Source Software in
connection with the businesses of the Company and each of its
Subsidiaries and the Company Products, in compliance with the
applicable licenses for such Open Source Software. There has been
no deviation from or violation of the Company&#x2019;s or any of its
Subsidiaries&#x2019; policies with respect to Open Source
Software.</font></div>
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<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px">
(o)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; font-style: italic">No License of Source
Code.</font> No source code for any Company IP has been delivered,
licensed or made available to any escrow agent or other Person who
is not, as of the date of this Agreement, an Employee, including
under any license for Open Source Software. Except as set forth on
<font style="font-weight: bold">Section 2.13(o)</font> of the
Disclosure Schedule, neither the Company nor any of its
Subsidiaries have any duty or obligation (whether present,
contingent or otherwise) to deliver, license or make available the
source code for any Company Software to any escrow agent or any
other Person who is not, as of the date of this Agreement, an
Employee of the Company or any of its Subsidiaries. No event has
occurred, and no circumstance or condition exists, that (with or
without notice or lapse of time) will, or could reasonably be
expected to, result in the delivery, license or disclosure of any
source code for any Company Software to any other Person who is
not, as of the date of this Agreement, an Employee of the Company
or any of its Subsidiaries.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px">
(p)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; font-style: italic">Marketing
Communications.</font> To the extent required by Privacy Legal
Requirements, recipients of any communications initiated by or for
the Company or any of its Subsidiaries have consented to receive
such communications, and, with respect to such communications, the
Company and each of its Subsidiaries and all Persons performing for
the Company and each of its Subsidiaries have at all times
complied, in all material respects, with the federal Controlling
the Assault of Non-Solicited Pornography and Marketing Act of 2003,
the Privacy and Electronic Communications Directive 2002/58/EC
(ePrivacy) (as amended), and all other Legal Requirements relating
to marketing, promotion, email harvesting, and the transmission of
unsolicited communications.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px">
(q)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; font-style: italic">Private Data.</font> No
breach or violation of any security policy of the Company or its
Subsidiaries has occurred in the past three (3) years, or is
threatened, and to the Knowledge of the Company, there has been no
loss, damage or unauthorized or illegal use, disclosure,
modification, possession, interception, or other processing of or
access to, or other misuse of, any of material Private Data or
other material data or information in any of the databases owned or
used by the Company including any third party databases used to
process Private Data for the Company.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px">
(r)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; font-style: italic">Privacy Policies and
Privacy Legal Requirements.</font> No statement on any Company
Product or any Company Site, or in any Company Privacy Policy, has
been misleading, deceptive or in violation of any Privacy Legal
Requirement. In the past three (3) years, the Company and its
Subsidiaries have complied at all times with all: Company Privacy
Policies, all Privacy Legal Requirements and all filings,
registrations and certifications made with respect to such Privacy
Legal Requirements. The execution, delivery and performance of this
Agreement and any Related Agreements and the consummation of the
Transactions will comply with all Company Privacy Policies and
Privacy Legal Requirements. Neither the Company nor any of the
Subsidiaries has exceeded its rights to data provided or accessed
under any Contract. Neither the Company nor any of the Subsidiaries
uses or has used (whether or not in anonymous form or for the
purpose of improving any Company Product) any data directly or
indirectly provided by, or obtained from, any counter party to any
Contract, except in compliance with the applicable Contract.
Neither the Company nor any of the Subsidiaries sell any Private
Data. The systems, products and services of the Company and each of
the Subsidiaries are adequate and sufficient to meet the
requirements of all applicable Privacy Legal Requirements with
respect to the protection of the privacy and confidentiality of all
Private Data present, stored, used or processed in connection with
such systems, products or services. The Company and each of the
Subsidiaries have at all times taken reasonable steps intended to
ensure that all Private Data is protected against loss, destruction
or damage and against unauthorized access, use, modification,
disclosure or other misuse and, to the Knowledge of the Company,
there has been no loss, destruction or damage of or unauthorized
access to or other misuse of Private Data in the past three (3)
years. In the past three (3) years, there is not and has not been
any complaint to, or any audit, proceeding, or to the Knowledge of
the Company, any (i) investigation (formal or informal) or (ii)
Action of or against the Company, any of its Subsidiaries, or any
of their customers (in the case of customers, to the extent
relating to any Company Product or Company Site or the practices of
the Company or any of its Subsidiaries or any Person performing for
the Company or any of its Subsidiaries) by any private party, the
Federal Trade Commission, any state attorney general or any other
Governmental Entity, in each case, with respect to the collection,
storage, hosting, use, disclosure, transmission, transfer,
disposal, possession, interception, other processing or security of
any Private Data by the Company or any of its Subsidiaries. To the
Knowledge of the Company, there are no facts or circumstances that
could constitute a reasonable basis for such an Action. There has
been no Order or government or third-party settlement affecting the
collection, storage, hosting, use, disclosure, transmission,
transfer, disposal, possession, interception, other processing or
security of any Private Data by or for the Company or any of its
Subsidiaries.</font></div>
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</div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; text-indent: 48px">
<font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px">
(s)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; font-style: italic">Private Data Processing
Agreements.</font> No statement on any Company Product or any
Company Site, or in any Company Privacy Policy, has been
misleading, deceptive or in violation of any Privacy Legal
Requirement. The Company has Made Available a true, correct and
complete copy of its standard form of Company Private Data
Processing Contract currently used by the Company.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold"><font style="font-family: Times New Roman; font-size: 13px; font-weight: bold;">(t)</font>
&#xA0; &#xA0;</font> <font style="font-family: Times New Roman; font-size: 13px">The conduct and
operation of the Company&#x2019;s and its Subsidiaries&#x2019;
businesses, including the operation of the Company Products and
their distribution to and use by customers, complies with Privacy
Legal Requirements, including but not limited to the Regulation
(EU) 2016/679 of the European Parliament and of the Council of 27
April 2016 on the protection of natural persons with regard to the
processing of personal data and on the free movement of such data,
and repealing Directive 95/46/EC (General Data Protection
Regulation) (applicable as of 25 May 2018) (&#x201C;<font style="font-weight: bold">GDPR</font>&#x201D;), and the California
Consumer Privacy Act of 2018, Title 1.81.5 (commencing with Section
1798.100) to Part 4 of Division 3 of the Civil Code. Where the
Company or any of its Subsidiaries uses a third party to process
Private Data, there is in existence a written Contract between the
Company and each such third party that (i) complies with the
requirements of all Privacy Legal Requirements, and (ii) requires
such third party to comply with the requirements of all Privacy
Legal Requirements and to take all reasonable steps to ensure that
all Private Data in such third parties&#x2019; possession or control
is protected against damage, loss, and unauthorized access,
acquisition, use, modification, or disclosure thereof. To the
Knowledge of the Company, such third parties have not breached any
such Contracts pertaining to Private Data processed by such Persons
on behalf of Company. Neither the Company nor any of its
Subsidiaries has transferred or authorized the transfer of Private
Data outside of the originating country, except where such
transfers have complied with the requirements of Privacy Legal
Requirements. The Company and each of its Subsidiaries are not
currently involved in or the subject of any Proceedings related to
any Privacy Legal Requirements, and, to the Knowledge of the
Company, no such Proceedings are threatened. Neither the Company
nor any of its Subsidiaries has made any agreement with any
Governmental Entity regarding data protection, privacy or the
collection, use, disclosure, sale or licensing of Private Data, or
otherwise relating to Privacy Legal Requirements. The Company and
each of its Subsidiaries are not currently party to any consent
order, consent decree, settlement or other similar agreement
regarding data protection, privacy or the collection, use,
disclosure, sale or licensing of Private Data, or otherwise
relating to Privacy Legal Requirements. The Company and its
Subsidiaries do not currently and have not in the past three (3)
years, collected, stored or used any credit card information,
credit scores, financial account information, social security
numbers, health or medical information, any information regarding
anyone under the age of thirteen (13) years, or any data designated
as &#x201C;sensitive&#x201D; under any Privacy Legal Requirements,
except as otherwise permitted under such Privacy Legal
Requirements. No circumstance has arisen in which Privacy Legal
Requirements would require the Company or any of the Subsidiaries
to notify a Governmental Entity or any other Person of a data
security breach, security incident or violation of any data
security policy.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px;">
Section 2.14</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px"><a name="_Toc65851705"></a><font style="text-decoration: underline">Material
Contracts.</font></font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">(a)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="font-weight: bold">Section
2.14(a)</font> of the Disclosure Schedule identifies, in each
subpart that corresponds to the subsection listed below, any
Company Contract, including all amendments and modifications
thereto, in effect as of the date hereof (the Company Contracts
described below, whether or not set forth in <font style="font-weight: bold">Section 2.14(a)</font> of the Disclosure
Schedule, being referred to herein as the &#x201C;<font style="font-weight: bold">Material Contracts</font>&#x201D;):</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 96px"><font style="font-family: Times New Roman; font-size: 13px">(i)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">that is with (A) a
Top Customer or (B) a Top Supplier;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 96px"><font style="font-family: Times New Roman; font-size: 13px">(ii)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">pursuant to which
the Company or any of its Subsidiaries has been appointed a
partner, reseller or distributor or OEM and which would reasonably
be expected to result in payments to the Company and its
Subsidiaries in excess of $50,000 per year;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 96px"><font style="font-family: Times New Roman; font-size: 13px">(iii)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">pursuant to which
the Company or any of its Subsidiaries has appointed another party
as a partner, reseller, or distributor or OEM and which would
reasonably be expected to result in payments to the Company and its
Subsidiaries in excess of $50,000 per year;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 96px"><font style="font-family: Times New Roman; font-size: 13px">(iv)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">which involves
aggregate consideration in excess of $50,000 per year and which, in
each case, cannot be cancelled by the Company without penalty or
without more than 90 days&#x2019; notice;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 96px"><font style="font-family: Times New Roman; font-size: 13px">(v)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">pursuant to which
the Company or any of its Subsidiaries is bound to, or has
committed to provide or license, any Company Product to any third
party on an exclusive basis or to acquire or license any product or
service on an exclusive basis from a third party;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 96px"><font style="font-family: Times New Roman; font-size: 13px">(vi)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">pursuant to which
the Company has an obligation to assign Intellectual Property
Rights;</font></div>
&#xA0;<font style="font-family: Times New Roman; font-size: 13px;"><br></font></div>
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</div>
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</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 96px"><font style="font-family: Times New Roman; font-size: 13px">(vii)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">imposing any
restriction on the right or ability of the Company or any of its
Subsidiaries: (A) to engage in any business practices (excluding
any confidentiality, secrecy or non-disclosure Contracts entered
into by the Company on its standard form of customer, employee or
independent contractor non-disclosure or confidentiality agreement,
in each case, in substantially the form Made Available by the
Company to Parent); or (B) to compete with any other Person or to
engage in any line of business, market or geographic area or to
sell, license, manufacture or otherwise distribute any of its
technology or products, or from providing services, to customers or
potential customers or any class of customers, in any geographic
area, during any period of time, or in any segment of the
market;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 96px"><font style="font-family: Times New Roman; font-size: 13px">(viii)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">that is a license
agreement of any third-party Intellectual Property that is material
to the Company or its Subsidiaries (excluding license agreements
requiring an annual payment of less than $50,000 and agreements for
commercial or &#x201C;off-the-shelf&#x201D; software or
services);</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 96px"><font style="font-family: Times New Roman; font-size: 13px">(ix)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">that is a
collective bargaining agreement or similar Contract with any union,
works councilor or specifically authorized employee
representative;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 96px"><font style="font-family: Times New Roman; font-size: 13px">(x)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">that is a Lease
Agreement;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 96px"><font style="font-family: Times New Roman; font-size: 13px">(xi)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">for capital
expenditures and involving future payments in excess of $20,000
individually or $75,000 in the aggregate;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 96px"><font style="font-family: Times New Roman; font-size: 13px">(xii)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">for the settlement
of any Action with respect to which the Company or any of its
Subsidiaries has or is reasonably expected to have outstanding
obligations in excess of $50,000 as of the date of this
Agreement;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 96px"><font style="font-family: Times New Roman; font-size: 13px">(xiii)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">entered into in the
last three (3) years and relating to (A) the disposition or
acquisition of material assets or any material interest in any
Person outside of the ordinary course of business or (B) the
acquisition, issuance or transfer of any material securities in
connection with any such transaction referenced in Section
2.14(a)(xiii)(A);</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 96px"><font style="font-family: Times New Roman; font-size: 13px">(xiv)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">that is a mortgage,
indenture, guarantee, loan or credit agreement, security agreement
or other Contract or instrument relating to indebtedness of the
Company or extension of credit or the creation of any Lien (other
than Permitted Liens) with respect to any asset of the Company or
any of its Subsidiaries;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 96px"><font style="font-family: Times New Roman; font-size: 13px">(xv)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">involving or
incorporating any guaranty, pledge, performance or completion bond,
indemnity or surety arrangement, other than those indemnities that
do not deviate in any material respect from the corresponding
Standard Form IP Contract or that would not be material to business
or operations of the Company or any of its
Subsidiaries;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div>
<div style="margin-left: 0px; text-indent: 96px"><font style="font-family: Times New Roman; font-size: 13px">(xvi)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">creating or for any
partnership or joint venture or involving any sharing of revenues,
profits, losses, costs or liabilities (other than agreements solely
involving an indemnity arrangement entered into by the Company in
the ordinary course of business consistent with past
practice);</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 96px"><font style="font-family: Times New Roman; font-size: 13px">(xvii)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">that is an
employment agreement or Contract with any independent contractors
or consultants (or similar arrangements) to which the Company is a
party and which are not cancellable without material penalty or
without more than ninety (90) days&#x2019; notice;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 96px"><font style="font-family: Times New Roman; font-size: 13px">(xviii)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">for the purchase or
sale of any product or other asset by or to, or the performance of
any services by or for, any Interested Party; and</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 96px"><font style="font-family: Times New Roman; font-size: 13px">(xix)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">constituting any
(A) prime contract, subcontract, letter contract, purchase order or
delivery order executed or submitted to or on behalf of any
Governmental Entity or any prime contractor or higher-tier
subcontractor, or under which any Governmental Entity or any such
prime contractor or subcontractor otherwise has any right or
interest, or (B) quotation, bid or proposal submitted to any
Governmental Entity or any proposed prime contractor or higher-tier
subcontractor of any Governmental Entity.</font></div>
&#xA0; <font style="font-family: Times New Roman; font-size: 13px;"><br>
</font></div>
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</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(u)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">The Company has
Made Available true, correct and complete copies of all written
Material Contracts, including all amendments thereto. Assuming the
due authorization, execution and delivery thereof by the other
party or parties thereto, each Material Contract is valid and in
full force and effect and is enforceable against the Company or any
of its Subsidiaries and by the Company or any of its Subsidiaries
in accordance with its terms, subject to the Enforceability
Limitations. Neither the Company nor any of its Subsidiaries is in
breach or default under, any Material Contract, and, to the
Knowledge of the Company, no other Person has violated or breached,
or committed any default under, any such Material Contract. Neither
the Company nor any of its Subsidiaries have received any written
notice or other written communication regarding any actual
violation or breach of, or default under, any Material Contract or
otherwise has Knowledge of any actual violation or breach of, or
default under, any Material Contract. Neither the Company nor any
of its Subsidiaries have waived any of its rights under any
Material Contract. No Person has threatened in writing to terminate
or refuse to perform its obligations under any Material Contract
(regardless of whether such Person has the right to do so under
such Contract).</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px;">
Section 2.15</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px"><a name="_Toc65851706"><!--anchor--></a><font style="text-decoration: underline">Employee Benefit
Plans.</font></font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">(a)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; font-style: italic">Schedule.</font>
<font style="font-weight: bold">Section 2.15(a)(1)</font> of the
Disclosure Schedule contains an accurate and complete list of each
Company Employee Plan. No Person, other than any current or former
Employee, is or was a participant or former participant in any
Company Employee Plan. <font style="font-weight: bold">Section
2.15(a)(2)</font> of the Disclosure Schedule sets forth a table
setting forth the name, hiring date, title, supervisor, annual
salary or base wages, commissions (both commission target and
earned commissions), bonus (target, maximum and any amounts paid
for the current year), overtime classification, status (full time,
part time, or temporary) and accrued but unpaid vacation balances
of each current Employee, as of the date hereof; provided, that
such information will only be provided with respect to such
Employees to the extent such information may be provided without
violating any applicable Legal Requirements, rules, or regulations,
whether relating to the transfer or disclosure of personally
identifiable information, data privacy or otherwise. To the
Knowledge of the Company, no Employee listed on <font style="font-weight: bold">Section 2.15(a)(2)</font> of the Disclosure
Schedule intends to terminate their employment for any reason,
other than in accordance with any employment arrangements as may be
provided for in this Agreement. <font style="font-weight: bold">Section 2.15(a)(3)</font> of the Disclosure
Schedule contains an accurate and complete list of all Persons that
have a consulting or advisory relationship with the Company or any
of its Subsidiaries.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(b)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; font-style: italic">Documents.</font> The
Company has Made Available, with respect to each Company Employee
Plan, as applicable: (i) correct and complete copies of each
Company Employee Plan in effect as of the date hereof or under
which the Company or any of its Subsidiaries has any liability or
obligation, including all amendments thereto and all related trust
documents; (ii) the three most recent annual reports (Form Series
5500 and all schedules and financial statements attached thereto),
if any, required under ERISA or the Code; (iii) the most recent
summary plan description together with the summary(ies) of material
modifications thereto, if any, required under ERISA with respect to
each Company Employee Plan; (iv) all non-routine correspondence
and/or notifications to or from any governmental agency in the last
three (3) years; (v) the most recent written agreements and
Contracts relating to each Company Employee Plan, including
administrative service agreements and group or other insurance
Contracts; (vi) all material communications within the three most
recent plan years to any Employee(s) relating to any Company
Employee Plan and any proposed Company Employee Plan, in each case,
relating to any amendments, terminations, establishments, increases
or decreases in compensation benefits, acceleration of payments or
vesting schedules or other events which would result in any
liability to the Company or any of its Subsidiaries; (vii) all
policies currently in effect pertaining to fiduciary liability
insurance covering the fiduciaries for each Company Employee Plan;
(viii) all discrimination tests for each Company Employee Plan for
the three most recent plan years; (ix) all privacy notices under
HIPAA currently in effect and all Business Associate Agreements to
the extent required under HIPAA; and (x) the most recent IRS
determination, opinion, or advisory letters. To the Knowledge of
the Company, there is no fact, condition, or circumstance since the
date the documents were provided in accordance with this
<font style="font-weight: bold">Section 2.15(b)</font>,<font style="font-weight: bold">&#xA0;</font>which would affect the information
contained therein.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(c)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; font-style: italic">Employee Plan
Compliance.</font> Except as set forth in <font style="font-weight: bold">Section 2.15(c)</font> of the Disclosure
Schedule, each Company Employee Plan has been established and
maintained in accordance with its terms and in compliance with all
applicable Legal Requirements including ERISA and the Code; and, to
the Knowledge of the Company, the Company and its Subsidiaries are
not in default or violation of, and there is no default or
violation by any other party to, any Company Employee Plan. Any
Company Employee Plan intended to be qualified under Section 401(a)
of the Code is so qualified, has obtained a favorable determination
letter from the IRS (or relied upon an opinion, notification or
advisory letter issued by the IRS to a prototype plan provider, if
applicable) as to its qualified status under the Code and, to the
Knowledge of the Company, nothing has occurred since the date of
such letter that is reasonably likely to affect such qualification.
No &#x201C;prohibited transaction,&#x201D; within the meaning of
Section 4975 of the Code or Sections 406 and 407 of ERISA, and not
otherwise exempt under Section 408 of ERISA, has occurred with
respect to any Company Employee Plan. There are no actions, suits
or claims pending or, to the Knowledge of the Company, threatened
(other than routine claims for benefits) against any Company
Employee Plan or against the assets of any Company Employee Plan.
There are no audits, inquiries or proceedings pending or, to the
Knowledge of the Company, threatened by the IRS, DOL, or any other
Governmental Entity with respect to any Company Employee Plan.
Neither the Company nor any of its Subsidiaries is subject to any
penalty or Tax with respect to any Company Employee Plan under
Section 502(i) of ERISA or Sections 4975 through 4980 of the Code.
The Company and each of its Subsidiaries has timely made all
contributions and other payments required by and due under the
terms of each Company Employee Plan and/or pursuant to applicable
Legal Requirements.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(d)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; font-style: italic">No Pension Plan.</font>
Neither the Company nor any of its Subsidiaries has ever
maintained, sponsored, participated in, contributed to, or has any
liability with respect to, any Pension Plan subject to Title IV of
ERISA or Section 412 of the Code.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(e)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; font-style: italic">No Self-Insured
Plan.</font> Except as set forth on <font style="font-weight: bold">Section 2.15(e)</font> of the Disclosure
Schedule, neither the Company nor any of its Subsidiaries has ever
maintained, established, sponsored, participated in or contributed
to any self-insured Welfare Plan that provides, or provided,
benefits to current, or former, Employee (including any such
Welfare Plan pursuant to which a stop-loss policy or contract
applies or applied).</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(f)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; font-style: italic">Multiemployer and
Multiple-Employer Plan, Funded Welfare Plans and MEWAs.</font> The
Company does not contribute to or have an obligation to contribute
to any multiemployer plan (as defined in Section 3(37) of ERISA).
The Company does not maintain, sponsor, participate in or
contribute to any multiple employer plan or to any plan described
in Section 413(c) of the Code or a &#x201C;multiple employer welfare
arrangement&#x201D;, as defined under Section 3(40)(A) of ERISA
(without regard to Section 514(b)(6)(B) of ERISA).</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(g)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; font-style: italic">Healthcare Reform
Laws.</font> The Company and its Subsidiaries, and each Company
Employee Plan that is a &#x201C;group health plan&#x201D; as defined
in Section 733(a)(1) of ERISA (a &#x201C;<font style="font-weight: bold">Company Health Plan</font>&#x201D;) (i) is
currently in compliance with the Patient Protection and Affordable
Care Act, Pub. L. No. 111-148 (&#x201C;<font style="font-weight: bold">PPACA</font>&#x201D;), the Health Care and
Education Reconciliation Act of 2010, Pub. L. No. 111-152
(&#x201C;<font style="font-weight: bold">HCERA</font>&#x201D;) and
all regulations and guidance issued thereunder (collectively, with
PPACA and HCERA, the &#x201C;<font style="font-weight: bold">Healthcare Reform Laws</font>&#x201D;), and (ii)
has been in compliance with applicable Healthcare Reform Laws since
March 23, 2010. No event has occurred and, to the Knowledge of the
Company, no condition or circumstance exists, that could reasonably
be expected to subject the Company, any of its Subsidiaries or any
Company Health Plan to penalties or excise Taxes under Sections
4980D, 4980H, or 4980I of the Code or any other provision of the
Healthcare Reform Laws.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(h)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; font-style: italic">No Post-Employment
Obligations.</font> Except as set forth on Section 2.15(h) of the
Disclosure Schedule, no Company Employee Plan provides, or reflects
or represents or has any liability to provide, post-termination or
retiree or post-employment life insurance, health or similar
benefits to any person for any reason, except as may be required by
Legal Requirements, including COBRA or applicable state law, and
neither the Company nor any of its Subsidiaries has represented,
promised or contracted (in oral or written form) to any Employee
(either individually or to Employees as a group) or any other
person that such Employee(s) or other person would be provided with
post-termination, retiree or post-employment life insurance, health
or similar benefits, except to the extent required by statute or
other applicable Legal Requirements. No former Employee, or spouse
or other dependent of a former Employee, is currently receiving or
is scheduled to receive any compensation or benefits relating to
such former Employee&#x2019;s service with the Company or any of its
Subsidiaries.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(i)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; font-style: italic">Effect of Mergers.</font>
Neither the execution and delivery of this Agreement nor the
consummation of the Mergers or the other Transactions (alone or in
connection with additional or subsequent events) or any termination
of employment or service in connection therewith will:</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 96px"><font style="font-family: Times New Roman; font-size: 13px">(i)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">except as set forth
in <font style="font-weight: bold">Section 2.15(i)(i)</font> of the
Disclosure Schedule, result in any payment or benefit (including,
without limitation, severance, golden parachute, or bonus) becoming
due to any Employee,</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 96px"><font style="font-family: Times New Roman; font-size: 13px">(ii)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">result in any
forgiveness of indebtedness owed by any Employee to the Company,
or</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 96px"><font style="font-family: Times New Roman; font-size: 13px">(iii)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">except as set forth
in <font style="font-weight: bold">Section 2.15(i)(iii)</font> of
the Disclosure Schedule, result in the acceleration of the time of
payment or vesting of any such payments or benefits due under any
Company Employee Plan except as required under Section 411(d)(3) of
the Code.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px;">
Section 2.16</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px"><a name="_Toc65851707"><!--anchor--></a><font style="text-decoration: underline">Employment
Matters.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(a)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; font-style: italic">Compliance with Employment
Laws.</font> Except as set forth on <font style="font-weight: bold">Schedule 2.16(a)</font> of the Disclosure
Schedule, the Company and each of its Subsidiaries are in
compliance in all material respects with all applicable federal,
state and local laws, rules and regulations respecting employment,
employment practices, terms and conditions of employment, worker
classification (including employee versus independent contractor
classification), employee classification (including exempt versus
non-exempt classification for purposes of overtime pay), employment
tax withholding, social security contributions withholding,
prohibited discrimination, harassment, and retaliation, working
time, labor, union, and works council relations, equal employment,
pay equity, fair employment practices, meal and rest periods,
immigration status, occupational safety and health, wages
(including overtime wages), compensation, leaves of absence, and
hours of work. There are no actions, suits, claims or
administrative matters pending, or to the Knowledge of the Company,
threatened before any Governmental Entity against the Company or
any of its Subsidiaries relating to any Employee. Neither the
Company nor any of its Subsidiaries is party to a conciliation
agreement, consent decree or other agreement or order with any
federal, state, or local Governmental Entity with respect to the
Company or its Subsidiaries&#x2019; employment practices. Employees
of the Company and each of its Subsidiaries are all terminable by
the Company at will with any exceptions disclosed in <font style="font-weight: bold">Section 2.15(a)(1)</font> of the Disclosure
Schedule. The Company has complied in all material respects with
the Families First Coronavirus Response Act (&#x201C;<font style="font-weight: bold">FFCRA</font>&#x201D;) Emergency Paid Sick Leave
Act, the FFCRA Paid Family &amp; Medical Leave Act, state and local
paid sick leave and paid family leave acts, and COVID-19
supplemental paid sick leave ordinances. Since January 1, 2018, the
Company has complied with all required recording and reporting
obligations imposed by the federal Occupational Safety and Health
Act, California Occupational Safety and Health Act, or similar
state or local law. Since January 1, 2020, no Employee has
identified himself or herself as a &#x201C;whistleblower&#x201D; or
raised concerns in writing regarding actual or perceived violations
by the Company of federal, state, or local law or
regulation.</font></div>
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</div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(b)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; font-style: italic">Harassment and
Discrimination.</font> The Company has adopted an equal employment
opportunity, non-discrimination, and anti-harassment policy. Since
January 1, 2015, there have been no material actions, suits, claims
or administrative matters pending before any Governmental Entity
against the Company or any of its Subsidiaries brought by any
Employee related to alleged violations of Title VII of the Civil
Rights Act of 1964, the Age Discrimination in Employment Act, the
Americans with Disabilities Act (&#x201C;<font style="font-weight: bold">ADA</font>&#x201D;), the Genetic Information
Non-Discrimination Act, the Fair Employment and Housing Act
(&#x201C;<font style="font-weight: bold">FEHA</font>&#x201D;), and
other applicable foreign, federal, state or local laws or
regulations prohibiting discrimination against or harassment of
employees (collectively, &#x201C;<font style="font-weight: bold">Anti-Discrimination Laws</font>&#x201D;). Except
as set forth in <font style="font-weight: bold">Section
2.16(b)</font> of the Disclosure Schedule, to the Knowledge of the
Company, there are no facts that would reasonably be expected to
give risk to a claim of sexual harassment, other unlawful
harassment, discrimination or retaliation made against the Company
or any of its Subsidiaries or its current or former directors,
officers or employees, in their capacity as such. Since January 1,
2015, neither the Company nor any of its Subsidiaries has entered
into any settlement agreement, non-disclosure agreement or similar
agreement related to the resolution of any allegations, reports,
investigations or incidents of a violation of its equal employment
opportunity, non-discrimination and anti-harassment policy or
Anti-Discrimination Laws involving any Employees.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px">
(c)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; font-style: italic">Labor.</font> No labor or
works council dispute, slowdown, work stoppage or labor strike
against the Company or any of its Subsidiaries is pending, or to
the Knowledge of the Company, threatened. The Company has no
Knowledge of any activities or proceedings of any labor union to
organize any Employees. Since January 1, 2015, neither the Company
nor any of its Subsidiaries has been party to any unfair labor
practice charges or complaints before the National Labor Relations
Board. Neither the Company nor any of its Subsidiaries is a party
to, or bound by, any collective bargaining agreement, works
council, union or similar agreement with respect to Employees and
no such agreement is being negotiated by the Company or any of its
Subsidiaries. Neither the Company nor any of its Subsidiaries has
taken any action in the ninety (90) day period prior to the date of
this Agreement that required notice under the Worker Adjustment and
Retraining Notification Act of 1988, as amended
(&#x201C;<font style="font-weight: bold">WARN
Act</font>&#x201D;)<font style="font-weight: bold">&#xA0;</font>or
similar state or local law.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px">
(d)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; font-style: italic">No Interference or
Conflict.</font> To the Knowledge of the Company, no Employee is in
violation of any term of any employment agreement, non-competition
agreement or any restrictive covenant to a former employer relating
to the right of any such Employee to be employed by the Company or
any of its Subsidiaries because of the nature of the business
conducted or currently proposed to be conducted by the Company or
any of its Subsidiaries. Neither the Company nor any of its
Subsidiaries is a party to any Contract with any of their
respective Employees or service providers that provide any
additional payment of compensation to such service provider in
connection with any period of non-competition or &#x201C;garden
leave&#x201D; following the cessation of services to the Company or
any of its Subsidiaries. Neither the execution nor delivery of this
Agreement, nor the carrying on of the Company&#x2019;s and each of
its Subsidiaries&#x2019; business as presently conducted nor any
activity of such officers, directors, Employees or consultants in
connection with the carrying on of the Company&#x2019;s and each of
its Subsidiaries&#x2019; business as presently conducted, to the
Knowledge of the Company, conflicts with or results in a breach of
the terms, conditions, or provisions or, or constitutes a default
under any Contract under which any of such officer, director,
Employee, or consultant is now bound. Except as set forth in
<font style="font-weight: bold">Section 2.16(d)</font> of the
Disclosure Schedule, to the Knowledge of the Company, no Employee
has given written notice that any such Employee intends to
terminate his or her employment with the Company or any of its
Subsidiaries within the one year period following the
Closing.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px">
Section 2.17</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px"><a name="_Toc65851708"><!--anchor--></a><font style="text-decoration: underline">Authorizations</font></font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">.</font>
Each notification, consent, license, permit, grant or other
authorization (a) pursuant to which the Company and each of its
Subsidiaries currently operates or holds any interest in any of its
properties, or (b) which is required for the operation of the
Company&#x2019;s and each of its Subsidiaries&#x2019; business as
currently conducted or the holding of any such interest
(collectively, &#x201C;<font style="font-weight: bold">Company
Authorizations</font>&#x201D;) has been issued or granted to the
Company and each of its Subsidiaries, as the case may be, and has
been set forth on <font style="font-weight: bold">Section
2.17</font> of the Disclosure Schedule. The Company Authorizations
are in full force and effect and constitute all Company
Authorizations required to permit the Company and each of its
Subsidiaries to operate or conduct its businesses as currently
conducted or hold any interest in its properties or assets and,
except as set forth on <font style="font-weight: bold">Section
2.3</font> or <font style="font-weight: bold">Section 2.4</font> of
the Disclosure Schedule, none of the Company Authorizations is
subject to any term, provision, condition or limitation which would
reasonably be expected to result in an adverse modification or
termination of such Company Authorizations by virtue of the
completion of the Mergers. The Company and each of its Subsidiaries
have been and are in material compliance with the terms and
conditions of the Company Authorizations.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px;">
<font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px">
Section 2.18</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px"><a name="_Toc65851709"><!--anchor--></a><font style="text-decoration: underline">Litigation</font></font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; font-style: italic">.</font> Except as set
forth on <font style="font-weight: bold">Section 2.18</font> of the
Disclosure Schedule, there is no Action pending, or to the
Knowledge of the Company, threatened in writing, (a) against the
Company or any of its Subsidiaries, its properties or assets
(tangible or intangible) or any of its officers or directors (in
their capacities as such); or (b) against or by the Company that
challenges or seeks to prevent, enjoin or otherwise delay the
Transactions contemplated by this Agreement. No Governmental Entity
has challenged or questioned in writing the legal right of the
Company and each of its Subsidiaries to conduct their operations as
presently or previously conducted. To the Knowledge of the Company,
there is no Action pending or threatened in writing against any
Person who has a contractual right or a right pursuant to
applicable Legal Requirements to indemnification from the Company
or any of its Subsidiaries related to facts and circumstances
existing prior to the Closing Date, nor, to the Knowledge of the
Company, is there any reasonable basis therefor. Neither the
Company nor any of its Subsidiaries has instituted any Action
against any other Person that is currently pending.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px;">
<font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px">
Section 2.19</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px"><a name="_Toc65851710"><!--anchor--></a><font style="text-decoration: underline">Insurance</font></font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; font-style: italic">.</font> <font style="font-weight: bold">Section 2.19</font> of the Disclosure Schedule
lists all insurance policies and fidelity bonds covering the
assets, business, equipment, properties, operations, employees,
officers and directors of the Company (in their capacities as
such), including the type of coverage, the carrier, the amount of
coverage, the term and the annual premiums of such policies (such
policies and bonds, collectively, &#x201C;<font style="font-weight: bold">Insurance Policies</font>&#x201D;).<font style="font-weight: bold">&#xA0;</font>True and complete copies of such
Insurance Policies have been Made Available to Parent. There is
currently no claim by the Company pending under any of such
Insurance Policies as to which coverage has been questioned, denied
or disputed in writing by the applicable insurance provider. To the
Knowledge of the Company, no facts or circumstances exists which
would permit the Company to make a valid claim pursuant to any
Insurance Policy which the Company has not made as of the date
hereof. Except as set forth in <font style="font-weight: bold">Section 2.19</font> of the Disclosure Schedule,
all premiums due and payable as of the date hereof under all
Insurance Policies have been paid, and the Company is otherwise in
material compliance with the terms of such Insurance Policies. The
Insurance Policies have been in effect since their inception and
remain in full force and effect. The Company does not have any
Knowledge of threatened termination of, or premium increase with
respect to, any of the Insurance Policies.</font></div>
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<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px">
Section 2.20</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px"><a name="_Toc65851711"><!--anchor--></a><font style="text-decoration: underline">Compliance with Legal
Requirements.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(a)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; font-style: italic">General</font><font style="font-weight: bold">.</font> Since January 1, 2014, the Company and
each of its Subsidiaries have complied in all material respect with
all Legal Requirements and are not in violation, in any material
respect, of any Legal Requirement. Since January 1, 2014, neither
the Company nor any of its Subsidiaries have received any written
notices of suspected, potential or actual violation with respect
to, any Legal Requirement. The representations and warranties set
forth in this <font style="font-weight: bold">Section
2.20(a)</font> do not apply to the representations or warranties as
to compliance with Legal Requirements relating to any matter that
is the subject of another representation or warranty under this
Agreement, including, without limitation, tax matters which are
addressed in <font style="font-weight: bold">Section 2.10</font>,
intellectual property and data privacy matters which are addressed
in <font style="font-weight: bold">Section 2.13</font>, employee
benefit plans which are addressed in <font style="font-weight: bold">Section 2.15</font>, labor and employment
matters which are addressed in <font style="font-weight: bold">Section 2.16</font>, environmental matters
which are addressed in <font style="font-weight: bold">Section
2.25</font>, and regulatory matters which are addressed in
<font style="font-weight: bold">Section
2.20(b)</font>.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(b)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; font-style: italic">Export Control Laws</font>.
The Company and each of its Subsidiaries have in the past six (6)
years conducted its export and re-export transactions in accordance
in all material respects with (x) all applicable U.S. export and
re-export control Legal Requirements, including the Export
Administration Regulations maintained by the U.S. Department of
Commerce, trade and economic sanctions maintained by the Treasury
Department&#x2019;s Office of Foreign Assets Control, and the
International Traffic in Arms Regulations maintained by the
Department of State, and (y) all other applicable import/export
controls in other countries in which the Company and each of its
Subsidiaries conduct business. Without limiting the foregoing, (i)
the Company and each of its Subsidiaries have in the past three (3)
years obtained all material export and import licenses, license
exceptions and other consents, notices, waivers, approvals, Orders,
authorizations, registrations, declarations and filings with any
Governmental Entity required for (A) any export, import and
re-export of products, services, software and technologies and (B)
releases of technologies and software to foreign nationals located
in the United States and abroad (&#x201C;<font style="font-weight: bold">Export Approvals</font>&#x201D;); (ii) the
Company and each of its Subsidiaries are in compliance with the
terms of all applicable Export Approvals; (iii) there are no
pending or, to the Company&#x2019;s Knowledge, threatened claims
against the Company or any of its Subsidiaries with respect to such
Export Approvals or export or re-export transactions; (iv) no
Export Approvals for the transfer of export licenses to Parent or
the Surviving LLC are required, or if required, such Export
Approvals can be obtained expeditiously without material cost; and
(v) <font style="font-weight: bold">Section 2.20(b)</font> of the
Disclosure Schedule sets forth the true, correct and complete
export control classifications applicable to the Company&#x2019;s
and each of its Subsidiaries&#x2019; products, services, software
and technologies.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(c)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; font-style: italic">Anticorruption Laws</font>.
Neither the Company nor any of its Subsidiaries nor, any director,
officer, employee, distributor, reseller or consultant, agent or,
to the Knowledge of the Company, other third party acting on behalf
of the Company or any of its Subsidiaries, has in the past three
(3) years provided, attempted to provide, or authorized the
provision of anything of value (including but not limited to
payments, meals, entertainment, travel expenses or accommodations,
or gifts), directly or indirectly, to any person, including a
&#x201C;foreign official&#x201D;, as defined by the Foreign Corrupt
Practices Act (&#x201C;<font style="font-weight: bold">FCPA</font>&#x201D;), which includes employees
or officials working for state-owned or controlled entities, a
foreign political party or candidate, any individual employed by or
working on behalf of a public international organization, or any
other person, for the purpose of (i) obtaining or retaining
business; (ii) influencing any act or decision of a foreign
government official in their official capacity; (iii) inducing a
foreign government official to do or omit to do any act in
violation of their lawful duties; (iv) directing business to
another; or (v) securing any advantage in violation of the FCPA or
United Kingdom Bribery Act of 2010 (&#x201C;<font style="font-weight: bold">UKBA</font>&#x201D;) or any applicable local,
domestic, or international anticorruption laws. Neither the Company
nor any of its Subsidiaries, nor any director, officer, employee or
agent of the Company or any of its Subsidiaries has in the past
three (3) years used any corporate funds to maintain any
off-the-books funds or engage in any off-the-books transactions nor
has any of the before-stated parties falsified any documents of the
Company or any of its Subsidiaries. Neither the Company nor any of
its Subsidiaries have in the past three (3) years made any unlawful
provisions to any person (including foreign government officials)
that would constitute an improper rebate, commercial bribe,
influence payment, extortion, kickback, or other improper payment
in violation of the FCPA, UKBA, or any other applicable
anticorruption law. The Company and each of its Subsidiaries
maintain internal controls and compliance programs that are
reasonably designed to detect and prevent material violations of
anticorruption laws (including the FCPA and UKBA), ensure its books
and records are accurately maintained, and track any payments made
to third parties and foreign government officials. Neither the
Company nor any of its Subsidiaries have in the past three (3)
years conducted any internal or government-initiated investigation,
or made a voluntary, directed, or involuntary disclosure to any
governmental body or similar agency with respect to any alleged act
or omission arising under or relating to any noncompliance with any
anticorruption law, including the FCPA and UKBA. Upon reasonable
request, the Company and each of its Subsidiaries agree to provide
Parent with anticorruption law certifications.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px;">
<font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px">
Section 2.21</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px"><a name="_Toc65851712"><!--anchor--></a><font style="text-decoration: underline">Interested Party
Transactions</font></font><font style="font-family: Times New Roman; font-size: 13px">. Except as set
forth on Section 2.21 of the Disclosure Schedule, no officer,
director or, to the Knowledge of the Company, any other current
stockholder or employee of the Company (nor, to the Knowledge of
the Company, any immediate family member of any of such Persons)
(each, an &#x201C;<font style="font-weight: bold">Interested
Party</font>&#x201D;), has or has had, directly or indirectly, (a)
any interest in any Person which furnishes or sells services,
products, technology or Intellectual Property Rights that the
Company or any of its Subsidiaries furnish or sell, or (b) any
interest in any Person that purchases from or sells or furnishes to
the Company or any of its Subsidiaries, any goods or services, or
(c) any interest in, or is a party to, any Company Contract, other
than written employment agreements between the Company and such
Interested Party that have been Made Available to Parent or as
otherwise disclosed on <font style="font-weight: bold">Section
2.15(a)(1)</font> or <font style="font-weight: bold">Section
2.15(a)(2)</font> of the Disclosure Schedules; provided, however,
that ownership of no more than three percent (3%) of the
outstanding voting stock of a publicly traded corporation shall not
be deemed to be an &#x201C;interest in any Person&#x201D; for
purposes of this <font style="font-weight: bold">Section
2.21</font>. All material transactions pursuant to which any
Interested Party has purchased any services, products, technology
or Intellectual Property Rights from, or sold or furnished any
services, products, technology or Intellectual Property Rights to,
the Company or any of its Subsidiaries have been on an arms-length
basis on terms no less favorable to the Company or such Subsidiary
than would be available from an unaffiliated party.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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</div>
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<div id="hdr">
<div style="text-align: right; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px;">
Section 2.22</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px"><a name="_Toc65851713"><!--anchor--></a><font style="text-decoration: underline">Books and Records; Powers of
Attorney</font></font><font style="font-family: Times New Roman; font-size: 13px">. The minute books
of the Company and each of its Subsidiaries that have been Made
Available are complete in all material respects. The Company and
each of its Subsidiaries have made and kept business records,
financial books and records, personnel records, ledgers, sales
accounting records, tax records and related work papers and other
books and records (collectively, the &#x201C;<font style="font-weight: bold">Books and Records</font>&#x201D;) that are true,
correct and complete in all material respects and accurately and
fairly reflect, in all material respects, the business activities
of the Company and each of its Subsidiaries. Neither the Company
nor any of its Subsidiaries have engaged in any material
transaction, maintained any bank account or used any corporate
funds except as reflected in its normally maintained Books and
Records. At the Closing, the minute books and other Books and
Records (to the extent in the Company&#x2019;s possession or
otherwise reasonably obtainable by the Company) will be in the
possession of the Company. Except as set forth on <font style="font-weight: bold">Section 2.22</font> of the Disclosure Schedule,
there are no material outstanding powers of attorney executed by or
on behalf of the Company or any of its Subsidiaries.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px;">
<font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px;">
Section 2.23</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px"><a name="_Toc65851714"><!--anchor--></a><font style="text-decoration: underline">Company Broker&#x2019;s
Fees</font></font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; font-style: italic">.</font> Other than as set
forth on <font style="font-weight: bold">Section 2.23</font> of the
Disclosure Schedule, neither the Company nor any of its
Subsidiaries have incurred, directly or indirectly, any liability
for brokerage or finders&#x2019; fees or agents&#x2019; commissions,
fees related to investment banking or similar advisory services or
any similar charges in connection with the Agreement or any
transaction contemplated hereby, nor will Parent or the Surviving
LLC incur, directly or indirectly, any such liability based on
arrangements made by or on behalf of the Company or any of its
Subsidiaries. <font style="font-weight: bold">Section 2.23</font>
of the Disclosure Schedule sets forth the principal terms and
conditions of any oral agreement with respect to such
fees.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px;">
Section 2.24</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px"><a name="_Toc65851715"><!--anchor--></a><font style="text-decoration: underline">Top Customers and Top
Suppliers.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">(a)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">Section 2.24(a)</font> of the Disclosure
Schedule contains a true and correct list of the top twenty (20)
currently active customers of Company Products (or group of
affiliated customers) in connection with such customers based on
revenue for the twelve (12) month period ending on the Balance
Sheet Date (each such customer, a &#x201C;<font style="font-weight: bold">Top Customer</font>&#x201D;). Neither the
Company nor any of its Subsidiaries have received written notice,
nor does the Company have Knowledge, that any Top Customer (i)
intends to cancel, or otherwise materially and adversely modify its
relationship with the Company or any of its Subsidiaries (whether
related to payment, price or otherwise) on account of the
Transactions or otherwise, or (ii) is threatened with bankruptcy or
insolvency.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(b)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">Section 2.24(b)</font> of the Disclosure
Schedule contains a true and correct list of the top twenty (20)
currently active suppliers of the Company and its Subsidiaries,
whether of products, services, Intellectual Property Rights or
otherwise, based on amounts paid or payable by the Company and its
Subsidiaries for the twelve (12) month period ending on the Balance
Sheet Date (each such supplier, a &#x201C;<font style="font-weight: bold">Top Supplier</font>&#x201D;). Neither the
Company nor any of its Subsidiaries have received written notice,
nor does the Company have Knowledge, that any Top Supplier (i)
intends to cancel, or otherwise materially and adversely modify its
relationship with the Company and its Subsidiaries (whether related
to payment, price or otherwise) on account of the Transactions or
otherwise, or (ii) is threatened with bankruptcy or
insolvency.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(c)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">Since January 1,
2020, the Company and its Subsidiaries have not experienced any (i)
material failure of any of the Top Suppliers to timely manufacture,
ship or deliver products, raw materials and goods, (ii) material
reductions in customer demand, (iii) claim of force majeure by the
Company or any of its Subsidiaries or a counterparty to any
Material Contract, or (iv) material default under a Material
Contract to which the Company or any of its Subsidiaries is a
party, in each case, arising out of, resulting from or related to
COVID-I9 or COVID-19 Measures.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px">
Section 2.25</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px"><a name="_Toc65851716"><!--anchor--></a><font style="text-decoration: underline">Environmental
Matters.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;&#xA0;The
Company represents that:</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(a)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; font-style: italic">Compliance with
Environmental Laws</font>. The Company and its Subsidiaries are and
have been, in material compliance with all Environmental Laws,
which compliance includes the possession, maintenance of,
compliance with, or application for, all permits, licenses,
registrations, variances, clearances, consents, commissions,
exemptions, Orders, authorizations, and approvals from Governmental
Entities (&#x201C;<font style="font-weight: bold">Permits</font>&#x201D;) required under
applicable Environmental Laws for the operation of the business of
the Company and its Subsidiaries as currently
conducted.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(b)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; font-style: italic">No Disposal, Release, or
Discharge of Hazardous Substances</font>. Neither the Company nor
any of its Subsidiaries has disposed of, released, or discharged
any Hazardous Substances on, at, under, in, or from any real
property currently or, to the Knowledge of the Company, formerly
owned, leased, or operated by it or any of its Subsidiaries or at
any other location that is: (i) currently subject to any
investigation, remediation, or monitoring; or (ii) reasonably
likely to result in liability to the Company or any of its
Subsidiaries, in either case of (i) or (ii) under any applicable
Environmental Laws.</font></div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(c)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; font-style: italic">No Production or Exposure
of Hazardous Substances</font>. Neither the Company nor any of its
Subsidiaries has: (i) produced, processed, manufactured, generated,
transported, treated, handled, used, or stored any Hazardous
Substances, except in compliance with Environmental Laws; or (ii)
exposed any employee or any third party to any Hazardous Substances
under circumstances reasonably expected to give rise to any
material liability or obligation under any Environmental
Law.</font></div>
&#xA0; <font style="font-family: Times New Roman; font-size: 13px;"><br>
</font></div>
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<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">35</font></div>
</div>
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<div id="hdr">
<div style="text-align: right; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">(d)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; font-style: italic">No Legal Actions or
Orders</font>. Neither the Company nor any of its Subsidiaries has
received written notice of and there is no Action pending, or to
the Knowledge of the Company, threatened against the Company or any
of its Subsidiaries, alleging any liability or responsibility under
or non-compliance with any Environmental Law or seeking to impose
any financial responsibility for any investigation, cleanup,
removal, containment, or any other remediation or compliance under
any Environmental Law. Neither the Company nor any of its
Subsidiaries is subject to any Order, settlement agreement, or
other written agreement by or with any Governmental Entity or third
party imposing any material liability or obligation with respect to
any of the foregoing.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">(e)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; font-style: italic">No Assumption of
Environmental Law Liabilities</font>. Neither the Company nor any
of its Subsidiaries has expressly assumed or retained any
liabilities under any applicable Environmental Laws of any other
Person, including in any acquisition or divestiture of any property
or business.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px;">
<font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px">
Section 2.26</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px"><a name="_Toc65851717"><!--anchor--></a><font style="text-decoration: underline">State Takeover
Statutes</font></font><font style="font-family: Times New Roman; font-size: 13px">. The board of
directors of the Company has taken all requisite action to ensure
that any restrictions on business combinations contained under
applicable Legal Requirements or Delaware Law will not apply to the
Mergers and the other Transactions. No other &#x201C;business
combination,&#x201D; &#x201C;fair price,&#x201D;
&#x201C;moratorium,&#x201D; &#x201C;control share acquisition&#x201D;
or other similar Legal Requirement relating to anti-takeover law or
antitakeover provisions in the Charter Documents is applicable to
the Company, the shares of Company Capital Stock, the Mergers or
the other Transactions.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px;">
Section 2.27</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px"><a name="_Toc65851718"><!--anchor--></a><font style="text-decoration: underline">Disclosure</font></font><font style="font-family: Times New Roman; font-size: 13px">. No representation
or warranty or other statement made by the Company in this
Agreement, the Disclosure Schedule, the certificates delivered
pursuant to this Agreement or the Related Agreements contains any
untrue statement of a material fact or omits to state any material
fact necessary in order to make the statements contained herein and
therein, in light of the circumstances under which such statements
were made, not misleading. The Company has Made Available true,
correct, complete (to the extent in the Company&#x2019;s possession
or otherwise reasonably obtainable by the Company) and, where
applicable, executed copies of each document that is listed in the
Disclosure Schedule.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px;">
Section 2.28</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px"><a name="_Toc65851719"><!--anchor--></a><font style="text-decoration: underline">No Other
Representations</font></font><font style="font-family: Times New Roman; font-size: 13px">. The
representations and warranties made by the Company in Article II of
this Agreement (as modified by the Disclosure Schedule) and made by
the Equityholders (in their capacities as such) in the Related
Agreements are the exclusive representations and warranties made by
the Company and the Equityholders in connection with the
transactions contemplated by this Agreement. The Company and the
Equityholders hereby disclaim, on behalf of themselves, their
respective Affiliates and their respective representatives, any
other express or implied representations or warranties with respect
to such matters, whether made by the Company, any Equityholder,
their respective Affiliates or any of their respective
representatives or any other Person. Notwithstanding the foregoing,
this <font style="font-weight: bold">Section 2.28</font> shall not
prejudice the rights and remedies of Parent and Merger Subs in
connection with an action pursued against the perpetrator of
Fraud.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="display: table">
<div style="display: table-row"><font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font></div>
</div>
<div style="text-align: center"><font style="font-family: Times New Roman; font-size: 10">&#xA0; <font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">ARTICLE
III</font></font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><a name="_Toc65851720"><!--anchor--></a></font><font style="font-family: Times New Roman; font-size: 13px; font-weight: bold;">REPRESENTATIONS
AND WARRANTIES</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold"><font style="font-family: Times New Roman; font-size: 13px">OF PARENT AND THE
MERGER SUBS</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">Parent
and each of the Merger Subs hereby represent and warrant to the
Company as of the date hereof as follows:</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px">
Section 3.1</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px"><a name="_Toc65851721"><!--anchor--></a><font style="text-decoration: underline">Organization and
Standing</font></font><font style="font-family: Times New Roman; font-size: 13px">. Parent is a
corporation duly organized, validly existing and in good standing
under the laws of Nevada. Merger Sub I is a corporation duly
organized, validly existing and in good standing under the laws of
Delaware. Merger Sub II is a limited liability company duly
organized, validly existing and in good standing under the laws of
Delaware and is properly classified as an entity disregarded as
separate from Parent for U.S. federal income tax purposes. Parent
directly owns beneficially and of record all outstanding equity
interests in the Merger Subs, no other Person holds any capital
stock or other equity interests of either of the Merger Subs nor
has any rights to acquire any interest in either of the Merger
Subs. The Merger Subs were formed solely for the purpose of
effecting the Mergers and have not engaged in any business
activities or conducted any operations other than in connection
with the Transactions; neither Merger Sub owns any property or
assets or has any liabilities. Parent has the requisite corporate
power to own, lease and operate its assets and properties and to
carry on its business as currently conducted. Parent is duly
qualified or licensed to do business and in good standing as a
foreign corporation in Arizona and each other jurisdiction in which
the character or location of its assets or properties (whether
owned, leased or licensed) or the nature of its business requires
such qualification or license, except where the failure to so
qualify or be licensed would not have a Parent Material Adverse
Effect.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px">
Section 3.2</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px"><a name="_Toc65851722"><!--anchor--></a><font style="text-decoration: underline">Authority and
Enforceability</font></font><font style="font-family: Times New Roman; font-size: 13px">. Each of Parent
and the Merger Subs has all requisite corporate or limited
liability company, as applicable, power and authority to enter into
this Agreement and any Related Agreements to which it is a party
and to consummate the Mergers and the other Transactions. The
execution and delivery by each of Parent and the Merger Subs of
this Agreement and any Related Agreements to which it is a party
and the consummation of the Mergers and the other Transactions have
been duly authorized by all necessary corporate, limited liability
company and other action on the part of Parent and the Merger Subs
and no further corporate or limited liability company action is
required on the part of Parent or the Merger Subs (or their
respective equityholders) to authorize the Parent&#x2019;s and the
Merger Subs&#x2019; entry into this Agreement and any Related
Agreements to which Parent or the Merger Subs is a party or the
consummation of the Mergers or any other Transactions by Parent and
the Merger Subs, other than the Parent Stockholder Approval of the
Parent Stock Issuance and other Transactions under this Agreement
requiring Parent Stockholder Approval. The boards of directors of
Parent and Merger Sub I, and the Manager of Merger Sub II, have
unanimously approved this Agreement, the Mergers and the other
Transactions and determined that the Transactions are in the best
interests of Parent and its stockholders, and approved resolutions
recommending that the holders of shares of Parent Common Stock
approve the Parent Stock Issuance. This Agreement and any Related
Agreements to which Parent and/or the Merger Subs are a party have
been, or when executed and delivered by Parent and/or the Merger
Subs, as applicable, will be, duly executed and delivered by Parent
and the Merger Subs and constitute, or when executed and delivered
will constitute, the valid and binding obligations of Parent and
the Merger Subs, enforceable against each of Parent and the Merger
Subs in accordance with their terms, subject to the Enforceability
Limitations.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<div id="hdr">
<div style="text-align: right; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px;">
<font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px">
Section 3.3</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px"><a name="_Toc65851723"><!--anchor--></a><font style="text-decoration: underline">Governmental Approvals and
Consents</font></font><font style="font-family: Times New Roman; font-size: 13px">. No consent,
waiver, approval, Order or authorization of, or registration,
declaration or filing with, any Governmental Entity is required by
or with respect to Parent or the Merger Subs in connection with the
execution and delivery of this Agreement and any Related Agreements
to which Parent or the Merger Subs are a party or the consummation
of the Mergers and the other Transactions, except for (a) such
consents, waivers, approvals, Orders, authorizations,
registrations, declarations and filings as may be required under
applicable securities laws and state &#x201C;blue sky&#x201D; laws,
and (b) the filing of the Certificates of Merger with the Secretary
of State of the State of Delaware , and (c) such other consents,
waivers, approvals, Orders, authorizations, registrations,
declarations and filings which, if not obtained or made, would not
materially impair Parent&#x2019;s or the Merger Subs&#x2019; ability
to consummate the Mergers.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px">
Section 3.4</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px"><a name="_Toc65851724"><!--anchor--></a><font style="text-decoration: underline">No Conflict</font></font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; font-style: italic">.</font> Assuming
compliance with the other regulatory measures, if any described in
<font style="font-weight: bold">Section 3.3</font> hereto, the
execution, delivery and performance by each of Parent and the
Merger Subs of this Agreement, and the consummation of the
Transactions contemplated hereby, do not and will not: (a) conflict
with or violate the organizational documents of Parent or the
Merger Subs, including, without limitation, their respective
articles or certificate of incorporation, certificate of formation,
bylaws and limited liability company agreement, as the case may be,
(b) conflict with or violate any material Legal Requirement with
respect to Parent or the Merger Subs, as the case may be or (c)
result in any material breach of, constitute a material default (or
an event that, with notice or lapse of time or both, would become a
material default or breach) under or require an consent of any
Person pursuant to, any &#x201C;material contract&#x201D; (as defined
by Regulation S-K&#x201D; Section 601(b)(10)) or material Permit of
Parent or the Merger Subs, as applicable.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px">
Section 3.5</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px"><a name="_Toc65851725"><!--anchor--></a><font style="text-decoration: underline">Litigation; Compliance with
Laws.</font></font></div>
<div><font>&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px">
(a)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">Except as disclosed
in the Parent SEC Documents, there is no Action pending or, to the
knowledge of Parent, threatened in writing, against Parent or the
Merger Subs, its properties or assets (tangible or intangible) or
any of its officers or directors (in their capacities as such),
which, if determined or resolved adversely in accordance with the
plaintiff&#x2019;s demands, would, individually or in the aggregate,
reasonably be expected to be material to the business of Parent and
Merger Subs, taken as a whole, or seeks to prevent, enjoin or
materially delay the consummation by Parent or Merger Subs of the
transactions contemplated by, or the performance by Parent or
Merger Sub of their respective obligations under, this Agreement
and the Related Agreements. No Governmental Entity has at any time
since January 1, 2018 challenged or questioned the legal right of
Parent or the Merger Subs to conduct their operations as presently
or previously conducted or as currently contemplated to be
conducted. There is no Action pending or, to the knowledge of
Parent, threatened in writing, against any Person who has a
contractual right or a right pursuant to Legal Requirements to
indemnification from Parent or the Merger Subs related to the facts
and circumstances existing prior to the First Effective
Time.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px">
(b)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">Since January 1,
2016, Parent has complied in all material respects with all Legal
Requirements and is not in violation, in any material respect, of
any Legal Requirement<font style="font-weight: bold; font-style: italic">.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px;">
Section 3.6</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px"><a name="_Toc65851726"><!--anchor--></a><font style="text-decoration: underline">SEC Reports and Financial
Statements.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(a)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">Parent has timely
filed all forms, reports, schedules and statements, including any
exhibits thereto, required to be filed by it with the SEC under the
Securities Act or Exchange Act, respectively, since January 1,
2018, together with any amendments, restatements, or supplements
thereto (collectively, the &#x201C;<font style="font-weight: bold">Parent SEC
Documents</font>&#x201D;).<font style="font-weight: bold">&#xA0;</font>A
true and complete copy of each Parent SEC Document is available on
the website maintained by the SEC at http://www.sec.gov, other than
portions in respect of which confidential treatment was granted by
the SEC. As of their respective filing dates, the Parent SEC
Documents complied in all material respects with the requirements
of the Securities Act and the Exchange Act and the Sarbanes-Oxley
Act, as the case may be, and the rules and regulations of the SEC
promulgated thereunder applicable to such Parent SEC
Documents.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(b)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">&#xA0;The financial
statements of Parent included in the Parent SEC Documents complied
in all material respects with the published rules and regulations
of the SEC with respect thereto, were prepared in accordance with
United States generally accepted accounting principles applied on a
consistent basis throughout the periods indicated (except as may be
indicated in the notes thereto, except in the case of pro forma
statements, or, in the case of unaudited financial statements,
except as permitted under Form 10-Q under the Exchange Act) and
Regulation S-X and Regulation S-K, as applicable, and fairly
presented in all material respects the consolidated financial
position of Parent and its consolidated subsidiaries as of the
respective dates thereof and the consolidated results of
Parent&#x2019;s operations and cash flows for the periods indicated
(subject to, in the case of unaudited statements, normal and
recurring year-end audit adjustments).</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(c)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">To the knowledge of
Parent, no employee of Parent is providing information to any law
enforcement agency regarding the commission or possible commission
of any crime or the violation or possible violation of any
applicable Legal Requirement, which, if determined or resolved
adversely in accordance with the such employee&#x2019;s assertions,
would, individually or in the aggregate, reasonably be expected to
be material to the business of Parent and Merger Subs, taken as a
whole, or may prevent, enjoin or materially delay the consummation
by Parent or Merger Subs of the transactions contemplated by, or
the performance by Parent or Merger Sub of their respective
obligations under, this Agreement and the Related
Agreements.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px">
Section 3.7</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px"><a name="_Toc65851727"><!--anchor--></a><font style="text-decoration: underline">Total Stock
Consideration</font></font><font style="font-family: Times New Roman; font-size: 13px">. The Parent Common
Stock to be issued by Parent as part the Aggregate Merger
Consideration has been duly authorized, and upon consummation of
the Mergers and the issuance of such shares of Parent Common Stock
pursuant to and in accordance with the terms hereof, will be
validly issued, fully paid and non-assessable.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<div id="hdr">
<div style="text-align: right; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px;">
<font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px">
Section 3.8</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px"><a name="_Toc65851728"><!--anchor--></a><font style="text-decoration: underline">Parent Broker&#x2019;s
Fees</font></font><font style="font-family: Times New Roman; font-size: 13px">. No investment
banker, broker, finder or similar party is or shall be entitled to
any payment of any fees of expenses in connection with the origin,
negotiation or execution of this Agreement or in connection with
the Mergers or any other Transactions based upon arrangements made
by or on behalf of Parent, the Merger Subs or any of their
Affiliates.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; text-indent: 48px">
<font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px;">
Section 3.9</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px"><a name="_Toc65851729"><!--anchor--></a><font style="text-decoration: underline">Financial
Ability</font></font><font style="font-family: Times New Roman; font-size: 13px">. Parent has, and
at the Closing will have, cash available or other sources of
immediately available funds sufficient to enable it to consummate
the Transactions, including payment of the Base Cash Merger
Consideration.</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; text-indent: 48px">
<font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px;">
Section 3.10</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px"><a name="_Toc65851730"><!--anchor--></a><font style="text-decoration: underline">Taxes</font></font><font style="font-family: Times New Roman; font-size: 13px">. Parent has no
plan or intention to reacquire any of its stock issued to the
Company Equityholders in the Mergers. Parent has no plan or
intention to sell or otherwise dispose of any of the assets
acquired from the Company in the Mergers, other than dispositions
made in the ordinary course of business or described in Treasury
Regulation Section 1.368-2(k). Parent will continue the
&#x201C;historic business&#x201D; of the Company or use a significant
portion of the Company&#x2019;s historic business assets in a
business meeting the requirements of Section 368(a) of the
Code.</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; text-indent: 48px">
<font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px;">
Section 3.11</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px"><a name="_Toc65851731"><!--anchor--></a><font style="text-decoration: underline">Listing.</font></font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">. The
issued and outstanding shares of Parent Common Stock are registered
pursuant to Section 12(b) of the Exchange Act and are listed for
trading on the Nasdaq Capital Market under the symbol
&#x201C;CXDO.&#x201D; As of the date of this Agreement, there is no
Action pending or, to the knowledge of Parent, threatened in
writing against Parent by the Nasdaq Capital Market or the SEC with
respect to any intention by such entity to deregister the shares of
Parent Common Stock or terminate the listing of Parent on the
Nasdaq Capital Market. None of Parent or any of its affiliates has
taken any action in an attempt to terminate the registration of the
shares of Parent Common Stock under the Exchange Act. Parent is in
compliance in all material respects with the applicable listing and
corporate governance rules and regulations of the Nasdaq Capital
Market.</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; text-indent: 48px">
<font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px;">
Section 3.12</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px"><a name="_Toc65851732"><!--anchor--></a><font style="text-decoration: underline">No Parent Material Adverse
Effect</font></font><font style="font-family: Times New Roman; font-size: 13px">. Since November
11, 2020, there has not been any Parent Material Adverse
Effect.</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; text-indent: 48px">
<font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px;">
Section 3.13</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px"><a name="_Toc65851733"><!--anchor--></a><font style="text-decoration: underline">No Other Representations;
Non-Reliance</font></font><font style="font-family: Times New Roman; font-size: 13px">. Except for the
specific representations and warranties set forth in Article II of
this Agreement (as modified by the Disclosure Schedule) or made by
any Equityholder (in his, her or its capacity as such) in any
Related Agreements, Parent specifically disclaims that it is
relying upon or has relied upon any other representations or
warranties that may have been made by the Company, any Equityholder
or any other Person, and acknowledges and agrees that the Company
and the Equityholders have specifically disclaimed and does hereby
specifically disclaim any such other representation or warranty
made by the Company, any Equityholder or any other Person.
Notwithstanding the foregoing, this <font style="font-weight: bold">Section 3.13</font> shall not prejudice the
rights and remedies of Parent and the Merger Subs in connection
with an action pursued against the perpetrator of
Fraud.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
ARTICLE IV</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><a name="_Toc65851734"><!--anchor--></a><font style="font-weight: bold">ADDITIONAL AGREEMENTS</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; text-indent: 48px">
<font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px">
Section 4.1</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px"><a name="_Toc65851735"><!--anchor--></a><font style="text-decoration: underline">General; Stockholder Approvals and
Notice.</font></font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">(a)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="background-color: rgb(255, 255, 255);">Each
of the parties will use its commercially reasonable efforts to take
all actions and to do all things necessary, proper, or advisable in
order to consummate and make effective the Transactions
contemplated by this Agreement, including that</font> prior to the
Closing<font style="background-color: rgb(255, 255, 255);">:</font></font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; text-indent: 96px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px"><font style="background-color: rgb(255, 255, 255);">(i)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
<font style="background-color: rgb(255, 255, 255);">the Company
shall use commercially reasonable efforts to obtain the third-party
consents required in connection with the Mergers or any other
Transactions set forth under</font> <font style="font-weight: bold">Section 2.4</font> of the Disclosure Schedule
and shall have obtained the consents from customers for the
assignment in connection with the Mergers of those certain
agreements set forth under <font style="font-weight: bold">Section
2.4(b),</font> <font style="font-weight: bold; font-style: italic">Company Contracts Requiring
Prior Written Consent,</font> <font style="font-weight: bold">Item
1</font> of the Disclosure Schedule (the &#x201C;<font style="font-weight: bold">Listed Customers</font>&#x201D;) from the Listed
Customers who collectively generated at least 80% of the total
Company revenue generated by all the Listed Customers in the
Company&#x2019;s last completed fiscal year;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">(ii)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;the
Company shall have settled the dispute matter set forth under
<font style="font-weight: bold">Section 2.8, Item 1</font> of the
Disclosure Schedule pursuant to written agreements reasonably
acceptable to Parent and paid off any settlement amounts required
under such written agreements or, if any remaining balance of such
required settlement amounts is not paid prior to the Closing, such
balance will be accounted for in the calculation of Net Working
Capital;</font></div>
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</div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">(iii)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;the
Company shall use commercially reasonable efforts to enter into a
new Master Services Agreement with the customer set forth under
<font style="font-weight: bold">Section 2.9(b)(vii), Item 2</font>
of the Disclosure Schedule as described therein and reasonably
acceptable to Parent; and</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">(iv)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;the
Company shall <font style="background-color: rgb(255, 255, 255);">have</font> obtained
written intellectual property assignments from those persons set
forth on <font style="font-weight: bold">Sections 2.13(b)(ii) Item
1(a) &#x2013; (e)</font> and <font style="font-weight: bold">Item
2(a)-(b)</font> of the Disclosure Schedule.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">(b)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;As
promptly as practical after the date of this Agreement and during
the Pre-Closing Period, Parent and the Company shall each take all
legal actions reasonably necessary (including recommendation by
each party&#x2019;s board of directors to its stockholders) to call,
give notice of, convene, and hold stockholders meetings or, obtain
a written consent from the stockholders, to approve the
Transactions in accordance with their respective organizational
documents, including certificates and articles of incorporation,
certificates of formation, bylaws and limited liability company
agreements, and the applicable Legal Requirements (the
&#x201C;<font style="font-weight: bold">Company Stockholder Approval
Process</font>&#x201D;). Promptly following the Closing, the
Surviving LLC shall prepare and send to all Stockholders, all
notices required pursuant to Delaware Law and the California
Corporations Code, including to the extent applicable, notices
required by Chapter 13 of the California Corporations Code and
Sections 228 and 262 of the Delaware Law, together with a copy of
Section 262 of Delaware Law.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px;">
Section 4.2</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px"><a name="_Toc65851736"><!--anchor--></a><font style="text-decoration: underline">Employee Matters.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(a)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; font-style: italic">Benefits
Continuation.</font> For purposes of eligibility to participate,
vesting, determining the level of benefits, and vacation and paid
time off accrual (to the extent applicable) under each employee
benefit plan of Parent and its Affiliates established or maintained
following the Closing Date (the &#x201C;<font style="font-weight: bold">Parent Plans</font>&#x201D;), each Employee who
continues to be employed by the Surviving Corporation, the
Surviving LLC or any of either such entity&#x2019;s Subsidiaries
immediately following the Closing Date (each, a &#x201C;<font style="font-weight: bold">Continuing Employee</font>&#x201D;) shall be
credited with all service with the Company, its Subsidiaries and
their respective predecessors before the Closing Date, provided
that no such service shall be credited to the extent that it would
result in a duplication of benefits. In addition, Parent shall, and
shall cause its Affiliates (including, after the Closing, the
Surviving Corporation or Surviving LLC, as applicable) to use
commercially reasonable efforts to provide full credit for expenses
incurred by each Continuing Employee (and his or her eligible
dependents) under a Company Employee Plan that is a group health
plan during the portion of the applicable plan year prior to the
Closing Date for purposes of satisfying any deductible,
out-of-pocket, and co-payment requirements under the corresponding
Parent Plan in which such Continuing Employee (and his or her
eligible dependents) participates following the Closing Date, to
the extent permitted under such Parent Plans. During the period
commencing on the Closing Date and ending on December 31, 2021 (or
if earlier, the date of the Continuing Employee&#x2019;s termination
of employment with Surviving Corporation or Surviving LLC, as
applicable, or any of either such entity&#x2019;s Subsidiaries),
Parent shall, or shall cause the Surviving Corporation or Surviving
LLC, as applicable, or such entity&#x2019;s applicable Subsidiary
to, provide each Continuing Employee with: (i) base salary or
hourly wages which are no less than the base salary or hourly wages
provided by Seller immediately prior to the Closing; (ii)
commission and target bonus opportunities (excluding equity-based
compensation), if any, which are no less than the commission and
target bonus opportunities (excluding equity-based compensation)
provided by the Company immediately prior to the Closing; (iii)
retirement and welfare benefits that are no less favorable in the
aggregate than those provided by the Company immediately prior to
the Closing; provided, however, that notwithstanding this clause
(iii), the parties acknowledge and agree that in the event the
Company&#x2019;s health, dental, life and AD&amp;D insurance Company
Employee Plans cannot be maintained by the Company and its
Subsidiaries following the Second Effective Time, the Continuing
Employees shall be covered under the existing Parent Plans with
respect to health, dental, life and AD&amp;D insurance; and (iv)
severance benefits that are no less favorable than the practice,
plan or policy in effect for such Continuing Employee immediately
prior to the Closing; notwithstanding the foregoing clause (iv),
the individuals set forth on <font style="font-weight: bold">Schedule 4.2(a)</font> shall receive at least
one (1) month of severance for every two (2) years of service up to
a maximum of six (6) months&#x2019; severance (and each such
individual shall be credited with all service with the Company, its
Subsidiaries and their respective predecessors before the Closing
Date for such purpose).</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(b)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; font-style: italic">No Employment Commitment or
Plan Amendments.</font> No provision of this Agreement is intended,
or shall be interpreted, to provide nor create any employee benefit
plan, third party beneficiary rights or any other rights of any
kind or nature whatsoever in any Stockholder, Employee or any other
Person, including any rights of employment for any specified period
and/or any employee benefits, in favor of any Person, union,
association, Continuing Employee, Key Employee, Employee,
consultant or contractor or any other Person, other than the
parties hereto, and their respective successors and permitted
assigns, and all provisions hereof will be personal solely among
the parties to this Agreement. In addition, except with respect to
assumption of the Assumed Options and issuance of the Exchange
Options, no provision of this Agreement is intended, or shall be
interpreted, to amend any term or condition of a Company Employee
Plan or any other employee related plan, program or policy of
Parent, any Subsidiary of Parent, the Company or any of its
Subsidiaries. Further, each of Company, Parent and its subsidiaries
retain the right to amend or terminate its benefit plans at any
time and from time to time; provided, however, that notwithstanding
the foregoing, Parent agrees that, to the extent permitted by
applicable Legal Requirements, it shall cause the Company and its
Subsidiaries to maintain the Company Employee Plans set forth on
<font style="font-weight: bold">Schedule 4.2(b)</font> until
December 31, 2021.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(c)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; font-style: italic">Cooperation with respect to
Company Employee Plans</font>.<font style="font-weight: bold; font-style: italic">&#xA0;</font>The parties
hereto agree and acknowledge that they understand that certain of
the Company Benefit Plans set forth on <font style="font-weight: bold">Schedule 4.2(b)</font> may not be able to
maintained by the Company and its Subsidiaries from and after the
Closing pursuant to applicable Legal Requirements. The parties
hereto further acknowledge and agree that from the date hereof
until the Closing Date they shall cooperate in good faith with
respect to determining the optimal treatment for the Continuing
Employees with respect to any Company Benefit Plans set forth on
<font style="font-weight: bold">Schedule 4.2(b)</font> that cannot
be maintained under applicable Legal Requirements and shall work
together in good faith to find a resolution in the spirit of this
Agreement.</font></div>
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</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px;">
Section 4.3</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px"><a name="_Toc65851737"><!--anchor--></a><font style="text-decoration: underline">Payoff Letters; Release of Liens; PPP
Loan.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px">
(a)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; font-style: italic">Payoff Letters.</font> At
least two (2) Business Days prior to the Closing Date, the Company
shall obtain from each holder of Closing Indebtedness except the
PPP Loan, and deliver to Parent, an executed payoff letter, in form
and substance reasonably acceptable to Parent, setting forth: (i)
the amounts required to pay off in full on the Closing Date the
Indebtedness owing to such creditor (the &#x201C;<font style="font-weight: bold">Payoff Amount</font>&#x201D;)<font style="font-weight: bold">&#xA0;</font>and wire transfer information for
the payment of the Payoff Amount; and (ii) the commitment of the
creditor to release all Liens, if any, that the creditor may hold
on any of the assets of the Company and each of its Subsidiaries
upon receipt of the applicable Payoff Amount (each, a <font style="font-weight: bold">&#x201C;Payoff
Letter&#x201D;</font>).</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(b)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; font-style: italic">PPP Loan.</font> At the
Closing, the PPP Loan Escrow Amount shall be withheld from the
Aggregate Merger Consideration and deposited into the escrow
account designated by the PPP Lender pursuant to the PPP Escrow
Agreement to pay for all or any portion of the PPP Loan that is not
forgiven by the U.S. Small Business Administration following the
Closing.<font style="font-weight: bold; font-style: italic">&#xA0;</font>Further to the
PPP Escrow Agreement, within five (5) Business Days following the
PPP Forgiveness Date, the remainder of the PPP Loan Escrow Fund
shall be released to the Paying Agent for further distribution to
the Contributing Equityholders based on their Escrow Pro Rata
Portions.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">(c)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="font-weight: bold; font-style: italic">Telecom
Investment Note</font>. To the extent that a portion of the total
amount due under the Telecom Investment Note can be paid off by
Parent Common Stock, Parent may elect to pay such amount by issuing
Parent Common Stock to the note holder, in which case the parties
shall reduce the same amount from the Base Stock Merger
Consideration and Closing Stock Merger Consideration to be paid by
Parent at the Closing.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px;">
Section 4.4</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px"><a name="_Toc65851738"><!--anchor--></a><font style="text-decoration: underline">Transaction
Expenses.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(a)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">Subject to the
provisions of <font style="font-weight: bold">Article VII</font>,
each party shall be responsible for its own expenses and costs that
it incurs with respect to the negotiation, execution, delivery and
performance of this Agreement and the Related Agreements.
Notwithstanding the foregoing, to the extent that the Company is
required to prepare audited financial statements in connection with
the Transactions, Parent shall bear and pay half of all the costs
and fees relating to such audit, provided that such payment shall
not exceed $40,000.00.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(b)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">At least two (2)
Business Days prior to the Closing, the Company shall provide
Parent with a statement, in a form reasonably satisfactory to
Parent, setting forth all unpaid Transaction Expenses incurred by
or on behalf of the Company and its Subsidiaries as of the Closing
Date, or anticipated to be incurred or payable by or on behalf of
the Company and its Subsidiaries after the Closing, to be paid from
the Aggregate Merger Consideration (the &#x201C;<font style="font-weight: bold">Statement of
Expenses</font>&#x201D;).</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px">
Section 4.5</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px"><a name="_Toc65851739"><!--anchor--></a><font style="text-decoration: underline">Spreadsheet</font></font><font style="font-family: Times New Roman; font-size: 13px">. At least two (2)
Business Days prior to the Closing, the Company shall deliver to
Parent a spreadsheet (the &#x201C;<font style="font-weight: bold">Spreadsheet</font>&#x201D;) setting forth the
following information, in form and substance reasonably approved by
Parent, accompanied by documentation in support of the calculation
of the information set forth therein as reasonably requested by
Parent:</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(a)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">the Closing
Financial Information, as calculated by the Company using the
information set forth in based on the Estimated Closing Statement
and in accordance with the definitions provided in this
Agreement;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(b)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">with respect to
each Stockholder: (i) the name and address of such holder, (ii)
whether such holder is an accredited investor, (iii) the number,
class and series of shares of Company Capital Stock held by such
holder and the respective certificate numbers, (iv) whether any
Taxes are to be withheld in accordance with <font style="font-weight: bold">Section 1.10</font> from the consideration that
such holder is entitled to receive pursuant to <font style="font-weight: bold">Section 1.6(b)(i),</font> (v) the stock or cash
consideration that such holder is entitled to receive pursuant to
<font style="font-weight: bold">Section 1.6(b)(i)</font> and
<font style="font-weight: bold">Section 1.6(b)(ii),</font> (vi) the
Pro Rata Portion of such holder, (vii) the Escrow Pro Rata Portion
of such holder, (viii) whether shares of Company Capital Stock held
by such Stockholder is a &#x201C;covered security&#x201D; (as defined
in Section 6045) of the Code or not and, if such share of Company
Capital Stock is a &#x201C;covered security&#x201D;, the acquisition
date and Tax basis of such security, (ix) the amount of cash and
stock deemed contributed by such holder into the Indemnity Escrow
Fund, Special Indemnification Escrow Fund, Purchase Price
Adjustment Escrow Fund and the PPP Loan Escrow Fund,
respectively;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(c)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">with respect to
each holder of a Company Option: (i) the name and address of the
holder, (ii) whether the holder is an accredited investor, an
Employee or a former employee, (iii) the exercise price per share
and the number, class and series of shares of Company Capital Stock
underlying such Company Option immediately prior to the Closing,
(iv) whether any Taxes are to be withheld in accordance with
<font style="font-weight: bold">Section 1.10</font> from the
consideration that such holder is entitled to receive pursuant to
<font style="font-weight: bold">Section 1.6(c),</font> (v) whether
such holders&#x2019; Company Options are Participating Options,
Assumed Options or Cashed-Out Options; (vi) the stock or cash
consideration that such holder is entitled to receive pursuant to
<font style="font-weight: bold">Section 1.6(b)(ii)</font> and
<font style="font-weight: bold">Section 1.6(c)</font> for each
category of Company Options such holder has (and, as for each
Assumed Option, the number of shares of Parent Common Stock subject
to the Exchange Option), (vii) the Pro Rata Portion of such holder,
(viii) the Escrow Pro Rata Portion of such holder, (ix) if such
holder has Participating Options or Cashed-Out Options, the amount
of cash and stock deemed deducted to pay the exercise price of such
Participating Options or Cashed-Out Options, as applicable, and (x)
if such holder has Participating Options, the amount of cash and
stock deemed contributed by such holder into the Indemnity Escrow
Fund, Special Indemnification Escrow Fund, Purchase Price
Adjustment Escrow Fund and the PPP Loan Escrow Fund,
respectively.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(d)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">with respect to
each holder of a Company Warrant which is not a Participating
Option: (i) the name and address of such holder, (ii) whether such
holder is an accredited investor, (iii) the exercise price per
share and the number, class and series of shares of Company Capital
Stock underlying such Company Warrant immediately prior to the
Closing, (iv) whether any Taxes are to be withheld in accordance
with <font style="font-weight: bold">Section 1.10</font> from the
consideration that such holder is entitled to receive pursuant to
<font style="font-weight: bold">Section 1.6(c)</font>, (v) the Pro
Rata Portion of such holder, if applicable;<font style="font-weight: bold">&#xA0;</font>(vi) the stock or cash
consideration that such holder is entitled to receive pursuant to
<font style="font-weight: bold">Section 1.6(b)(ii)</font> and
<font style="font-weight: bold">Section
1.6(c)(iv)</font>.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<div id="hdr">
<div style="text-align: right; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px">
Section 4.6</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px"><a name="_Toc65851740"><!--anchor--></a><font style="text-decoration: underline">Tail Policy.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(a)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">Parent hereby
agrees that all rights to indemnification, advancement of expenses
and exculpation by the Company and/or any Subsidiary now existing
in favor of each Person who is now, or has been at any time prior
to the date hereof or who becomes prior to the First Effective Time
an officer or manager of the Company and/or any Subsidiary (each an
&#x201C;<font style="font-weight: bold">D&amp;O Indemnified
Parties</font>&#x201D;) as provided in the organizational documents
of the Company and its Subsidiaries, in each case as in effect on
the date of this Agreement, shall be assumed by Parent in the
Transactions, without further action, at the First Effective Time
and shall survive the Transactions and shall remain in full force
and effect in accordance with their terms, and, in the event that
any proceeding is pending or asserted or any claim made during such
period, until the final disposition of such proceeding or
claim.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(b)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="background-color: #FFFFFF">Prior to the First Effective Time, the
Company shall acquire for the benefit of the Indemnified D&amp;Os,
a directors&#x2019; and officers&#x2019; liability insurance policy,
in form and substance reasonably acceptable to Parent (any such
insurance policy, the &#x201C;</font><font style="font-weight: bold; background-color: #FFFFFF">D&amp;O
Policy</font><font style="background-color: #FFFFFF">&#x201D;),
providing &#x201C;tail&#x201D; coverage for six (6) years following
the Closing. In no event shall Parent or the Surviving LLC take any
action that would cause such D&amp;O Policy to cease to be
effective and shall take all commercially reasonable actions (other
than paying additional premiums) to maintain in effect such D&amp;O
Policy for the benefit of the Indemnified D&amp;Os. Parent shall
use, and shall cause its subsidiaries (including the Surviving LLC)
to use, commercially reasonable efforts to make the proceeds, if
any, under the D&amp;O Policy available for the payment of claims
against the Indemnified D&amp;Os.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(c)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="background-color: #FFFFFF">The obligations of Parent and the
Surviving LLC under this</font> <font style="font-weight: bold; background-color: #FFFFFF">Section 4.6</font>
<font style="background-color: #FFFFFF">shall survive the
consummation of the Transactions and shall not be terminated or
modified in such a manner as to adversely affect any D&amp;O
Indemnified Parties or Indemnified D&amp;Os to whom this</font>
<font style="font-weight: bold; background-color: #FFFFFF">Section
4.6</font> <font style="background-color: #FFFFFF">applies without
the consent of such affected D&amp;O Indemnified Parties or
Indemnified D&amp;Os (it being expressly agreed that the D&amp;O
Indemnified Parties and or Indemnified D&amp;Os to whom this</font>
<font style="font-weight: bold; background-color: #FFFFFF">Section
4.6</font> <font style="background-color: #FFFFFF">applies shall be
third party beneficiaries of this</font> <font style="font-weight: bold; background-color: #FFFFFF">Section
4.6</font><font style="background-color: #FFFFFF">, each of whom
may enforce the provisions of this</font> <font style="font-weight: bold; background-color: #FFFFFF">Section
4.6</font><font style="background-color: #FFFFFF">).</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(d)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="background-color: #FFFFFF">In the event Parent, the Surviving LLC
or any of their respective successors or assigns (i) consolidates
with or merges into any other Person and shall not be the
continuing or surviving company or entity in such consolidation or
merger or (ii) transfers all or substantially all of its properties
and assets to any Person, then, and in either such case, proper
provision shall be made so that the successors and assigns of
Parent or the Surviving LLC, as the case may be, shall assume all
of the obligations set forth in this</font> <font style="font-weight: bold; background-color: #FFFFFF">Section
4.6</font><font style="background-color: #FFFFFF">. The agreements
and covenants contained herein shall not be deemed to be exclusive
of any other rights to which any D&amp;O Indemnified Parties or
Indemnified D&amp;Os is entitled, whether pursuant to applicable
Legal Requirements, contract or otherwise. Nothing in this
Agreement is intended to, shall be construed to or shall release,
waive or impair any rights to managers&#x2019; and officers&#x2019;
insurance claims under any policy that is or has been in existence
with respect to the Company, any Subsidiary or their respective
officers, managers and employees, it being understood and agreed
that the indemnification provided for in this</font> <font style="font-weight: bold; background-color: #FFFFFF">Section 4.6</font>
<font style="background-color: #FFFFFF">is not prior to, or in
substitution for, any such claims under any such
policies.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px">
Section 4.7</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px"><a name="_Toc65851741"><!--anchor--></a><font style="text-decoration: underline">R&amp;W Insurance
Policy</font></font><font style="font-family: Times New Roman; font-size: 13px">. On or prior to
the Closing Date, Parent shall obtain a binder agreement incepting
coverage under the R&amp;W Insurance Policy, effective as of the
Closing, in a form reasonably acceptable to the Stockholder
Representative, which provides that (a) except with respect to
claims pursued against the perpetrator of Fraud, the insurer shall
have no, and shall waive and not pursue any and all, subrogation
rights against any Equityholder or the Stockholder Representative;
(b) each of the Equityholders and the Stockholder Representative is
a third party beneficiary of such waiver; and (c) following the
Closing, the R&amp;W Insurance Policy shall not be amended in a
manner adverse to any Equityholder (including with respect to the
subrogation provisions or the exclusion provisions) without
Stockholder Representative&#x2019;s express written consent. Parent
agrees to use commercially reasonable efforts to cause the provider
to issue the R&amp;W Insurance Policy as promptly as possible
following the Closing in accordance with such binder agreement. The
fees and expenses of the R&amp;W Insurance Policy, including
application fees, premiums, underwriting fees, brokers&#x2019; and
agents&#x2019; commissions (collectively, the &#x201C;<font style="font-weight: bold">R&amp;W Insurance Policy
Expenses</font>&#x201D;), shall be paid at or prior to the Closing
and shall be borne equally by the Company and Parent.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 36px;">
<font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px">
Section 4.8</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px"><a name="_Toc65851742"><!--anchor--></a><font style="text-decoration: underline">State Takeover
Statutes</font></font><font style="font-family: Times New Roman; font-size: 13px">. In the event that
any &#x201C;business combination,&#x201D; &#x201C;fair price,&#x201D;
&#x201C;moratorium,&#x201D; &#x201C;control share acquisition,&#x201D;
or other Legal Requirement relating to anti-takeover laws or any
anti-takeover provision of the Charter Documents is or becomes, or
at the First Effective Time will be, applicable to the Company,
shares of Company Capital Stock, the Mergers or the other
Transactions, during the period from the date of this Agreement
until the earlier of the Closing and the termination of this
Agreement pursuant to <font style="font-weight: bold">Article
8</font> hereof (the &#x201C;<font style="font-weight: bold">Pre-Closing Period</font>&#x201D;), the Company,
at the direction of the board of directors of the Company, shall
use its commercially reasonable efforts to ensure that the Mergers
and the other Transactions may be consummated as promptly as
practicable on the terms and subject to the conditions set forth in
this Agreement, and otherwise to minimize the effect of such Legal
Requirement on this Agreement and the other
Transactions.</font></div>
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</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px">
Section 4.9</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px"><a name="_Toc65851743"><!--anchor--></a><font style="text-decoration: underline">Access to Information; Notices of
Certain Events; Supplement to Disclosure
Schedule.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(a)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; font-style: italic">Access to
Information</font>. During the Pre-Closing Period, the Company and
Parent shall each (i) afford the other party and its designated
representatives reasonable access and the right to inspect all of
the real property, properties, assets, premises, books and records,
Contracts and other documents and data (including Tax Returns,
internal working papers, client files, client Contracts and
director service agreements) related to such party, in each case,
during normal business hours upon reasonable notice; (ii) upon the
other party&#x2019;s request, furnish the other party and its
designated representatives with such financial, operating and other
data and information related to such party as the other party or
any of its representatives may reasonably request; and (iii)
instruct such party&#x2019;s representatives to reasonably cooperate
with the other party in its investigation provided herein. Any
investigation pursuant to this <font style="font-weight: bold">Section 4.9</font> shall be conducted in such
manner as not to interfere unreasonably with the conduct of the
business of the investigated party. Notwithstanding anything herein
to the contrary, no such investigation or examination shall be
permitted to the extent that it would require Parent to disclose
(a) information that is (i) material non-public information of
Parent under applicable securities laws, (ii) subject to
attorney-client privilege, (iii) which would conflict with any
confidentiality obligations to which the Parent is bound, or (iv)
related to the analysis of the Transactions by the Parent, and (c)
any document or information prohibited to be shared by Legal
Requirements until such time as such documents are not prohibited
to be shared. Notwithstanding anything herein to the contrary, no
such investigation or examination shall be permitted to the extent
that it would require the Company to disclose (a) due diligence
questions, lists or investigations conducted by others, names,
bids, letters of intent, expressions of interest, or other
proposals received from others prior to the parties&#x2019; entry
into that certain Letter of Intent dated as of October 21, 2020, in
connection with the transactions contemplated hereby or otherwise
information and analyses relating to such communications, (b)
information (i) subject to attorney-client privilege, (ii) which
would conflict with any confidentiality obligations to which the
Company or any Equityholder is bound, or (iv) related to the
analysis of the Transactions by the Company or any Equityholder,
and (c) any document or information prohibited to be shared by
Legal Requirements until such time as such documents are not
prohibited to be shared. Notwithstanding anything herein to the
contrary, the Company must approve, in its sole discretion, and an
officer of the Company must be present and included in any
communications with customers or employees of the Company and
Parent and Merger Subs shall not, and shall cause their affiliates
not to, and shall direct their representatives not to, contact or
communicate with any employees, customers, suppliers, distributors
or licensors of the Company or any other persons having a business
relationship with the Company regarding the Transactions without
the prior written consent of the Company. Parent will treat such
information as Confidential Information under the Non-Disclosure
Agreement.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(b)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; font-style: italic">Notices of Certain
Events</font>. During the Pre-Closing Period, the Company shall
notify Parent, and Parent shall notify the Company, promptly of:
(i) any notice or other communication from any Person alleging that
the consent of such Person is or may be required in connection with
the Transactions; (ii) any notice or other communication from any
Governmental Entity in connection with the Transactions; and (iii)
any event, change, or effect between the date of this Agreement and
the First Effective Time which causes or is reasonably likely to
cause the failure of the conditions set forth in <font style="font-weight: bold">Section 5.2(a), Section 5.2(b), or Section
5.2(c)</font> of this Agreement (in the case of the Company and its
Subsidiaries) or <font style="font-weight: bold">Section
5.3(a)</font>, <font style="font-weight: bold">Section
5.3(b)</font>,<font style="font-weight: bold">&#xA0;</font>or
<font style="font-weight: bold">Section 5.3(c)</font> of this
Agreement (in the case of Parent and Merger Subs), to be
satisfied.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(c)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; font-style: italic">Supplement to Disclosure
Schedule</font>.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 96px"><font style="font-family: Times New Roman; font-size: 13px">(i)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">From and after the
date of this Agreement until six (6) Business Days prior to the
Closing Date, the Company and Parent may each prepare and deliver
to the other party (such other party, the &#x201C;<font style="font-weight: bold">Receiving Party</font>&#x201D;), supplements
and/or amendments to the Disclosure Schedule of the Company by
listing new or additional matters on the applicable schedule of the
Disclosure Schedule to which such matter is responsive or,
disclosures applicable to Parent&#x2019;s representations (each such
new or additional matter being referred to as a &#x201C;<font style="font-weight: bold">Disclosure Update</font>&#x201D;) with respect
to only matters first arising after the date hereof which would or
would reasonably be expected to cause any inaccuracy,
misrepresentation or breach of any representation or warranty made
by the Company in <font style="font-weight: bold">Article II</font>
of this Agreement or, by Parent and Merger Subs in <font style="font-weight: bold">Article III</font> of this Agreement, as
applicable.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 96px"><font style="font-family: Times New Roman; font-size: 13px">(ii)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">Notwithstanding
anything contained herein to the contrary, each such Disclosure
Update shall be deemed to be an amendment to this Agreement for all
purposes hereof. Following the receipt or delivery of each
Disclosure Update, the Receiving Party shall have five (5) Business
Days to make a good faith determination of the likely Losses, if
any, that the Receiving Party expects to incur as a result of the
matter(s) identified in such Disclosure Update (the
&#x201C;<font style="font-weight: bold">Estimated
Losses</font>&#x201D;).</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 96px"><font style="font-family: Times New Roman; font-size: 13px">(iii)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">If the amount of
the Estimated Losses <font style="font-style: italic">plus</font>
any other Estimated Losses with respect to any previous Disclosure
Updates, in the aggregate exceeds $100,000 (the &#x201C;<font style="font-weight: bold">Update Threshold</font>&#x201D;), then the
Receiving Party shall be entitled to request that Parent and the
Company negotiate an indemnity agreement with respect to such
Disclosure Update(s) (an &#x201C;<font style="font-weight: bold">Interim Disclosure Indemnity&#x201D;</font>) in
favor of the Receiving Party (or if the Company is the Receiving
Party, in favor of the Equityholders).<font style="font-weight: bold">&#xA0;</font>Following such request, Parent and
the Company shall negotiate in good faith for a period of thirty
(30) days the terms of an Interim Disclosure Indemnity under which
the Contributing Equityholders or, Parent, as applicable, would
agree to indemnify the other party (or if the Company is the
Receiving Party, in favor of the Equityholders) with respect to all
or some portion of the Losses that actually exceed the Update
Threshold.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 96px"><font style="font-family: Times New Roman; font-size: 13px">(iv)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">&#xA0;If the
Receiving Party requests the negotiation of an Interim Disclosure
Indemnity and Parent and the Company are not able to reach
agreement on an Interim Disclosure Indemnity within such thirty
(30) day period, then the Receiving Party may elect to proceed to
Closing without any additional indemnification with respect to
Losses arising from the matters contained in the Disclosure
Updates.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 96px"><font style="font-family: Times New Roman; font-size: 13px">(v)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">If the Receiving
Party requests the negotiation of an Interim Disclosure Indemnity
and Parent and the Company are not able to reach agreement on an
Interim Disclosure Indemnity within such thirty (30) day period,
and the Receiving Party does not elect to proceed to Closing
without any additional indemnification from the other party with
respect to Losses arising from the matters contained in the
Disclosure Updates, then the Receiving Party may elect to terminate
this Agreement pursuant to <font style="font-weight: bold">Section
8.3</font>.</font></div>
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</div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px">
Section 4.10</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px"><a name="_Toc65851744"><!--anchor--></a><font style="text-decoration: underline">No Solicitation of Other
Bids.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(a)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">During the
Pre-Closing Period, the Company shall not, and shall not authorize
or permit any of its Affiliates or any of its or their
representatives to, directly or indirectly, (i) encourage, solicit,
initiate, facilitate or continue inquiries regarding an Acquisition
Proposal; (ii) enter into discussions or negotiations with, or
provide any information to, any Person concerning a possible
Acquisition Proposal; or (iii) enter into any agreements or other
instruments (whether or not binding) regarding an Acquisition
Proposal (each, a &#x201C;<font style="font-weight: bold">Company
Acquisition Agreement</font>&#x201D;). The Company shall immediately
cease and cause to be terminated, and shall cause its Affiliates
and all of its and their representatives to immediately cease and
cause to be terminated, all existing discussions or negotiations
with any Persons conducted heretofore with respect to, or that
could lead to, an Acquisition Proposal. For purposes hereof,
&#x201C;<font style="font-weight: bold">Acquisition
Proposal</font>&#x201D; shall mean any inquiry, proposal or offer
from any Person (other than Parent or any of its Affiliates)
concerning (A) the issuance or acquisition of shares of capital
stock or other equity securities of the Company representing more
than twenty-five percent (25%) or more of the total voting power of
the equity securities of the Company (whether by merger,
consolidation, liquidation, recapitalization, share exchange or
other business combination transaction involving the Company); or
(B) the sale, lease, exchange or other disposition of any
significant portion of the Company&#x2019;s properties or
assets.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(b)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">Notwithstanding
<font style="font-weight: bold">Section 4.10(a)</font>, prior to
the receipt of the Company Stockholder Approval, the
Company&#x2019;s Board of Directors, directly or indirectly through
any representative, may, subject to <font style="font-weight: bold">Section 4.10(c)</font>, (i)&#xA0;participate in
negotiations or discussions with any third party that has made (and
not withdrawn) a bona fide, unsolicited Acquisition Proposal in
writing that the Company&#x2019;s Board of Directors reasonably
believes in good faith, after consultation with outside legal
counsel, constitutes or would reasonably be expected to result in a
Superior Proposal and (ii)&#xA0;thereafter, furnish to such third
party non-public information relating to the Company pursuant to an
executed confidentiality agreement that constitutes an Acceptable
Confidentiality Agreement (a copy of such confidentiality agreement
shall be promptly (in all events within two (2) Business Days)
provided to Parent); <font style="font-style: italic">provided,
that</font> the Company shall promptly provide to Parent and Merger
Subs any material non-public information that is provided to any
such Person which has not previously been provided to Parent and
Merger Subs. Notwithstanding anything to the contrary herein, the
Company may grant a waiver, amendment or release under any
confidentiality or standstill agreement to the extent (x) necessary
to allow a confidential Acquisition Proposal to be made to the
Company or the Company Board of Directors so long as the Company
Board of Directors promptly (and, in any event, within two (2)
Business Days) notifies Parent after granting any such waiver,
amendment or release or (y) the Company Board of Directors
reasonably believes in good faith, after consultation with outside
legal counsel, that the failure to grant such waiver, amendment or
release would be reasonably expected to be inconsistent with its
fiduciary duties under applicable Legal Requirements.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(c)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">The Company Board
of Directors shall not take any of the actions referred to in
<font style="font-weight: bold">Section 4.10(b)</font> unless the
Company shall have delivered to Parent a prior written notice
advising Parent that it intends to take such action. The Company
shall notify Parent promptly (but in no event later than
forty-eight (48) hours) after receipt by the Company or any of
their respective representatives of any Acquisition Proposal, any
inquiry that would reasonably be expected to lead to an Acquisition
Proposal or any request for non-public information relating to the
Company or for access to the business, properties, assets,
personnel, books or records of the Company by any third party,
outside of the ordinary course of business. In such notice, the
Company shall, to the extent permitted by applicable Legal
Requirements and any confidentiality agreement to which the Company
is then subject, identify the third party making any such
Acquisition Proposal, indication or request and provide the details
of the material terms and conditions of any such Acquisition
Proposal, indication or request. The Company shall keep Parent
reasonably informed, on a current and prompt basis, of the status
and material terms of any such Acquisition Proposal, indication or
request, including the material terms and conditions thereof and
any material amendments or proposed amendments.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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</div>
</div>
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<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(d)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">Except as set forth
in this <font style="font-weight: bold">Section 4.10(d)</font>
neither the Company Board of Directors nor any committee thereof
shall (i) (A) fail to make, change, withdraw, withhold, amend,
modify or qualify, or publicly propose to make, change, withdraw,
withhold, amend, modify or qualify, in a manner adverse to Parent
or Merger Subs, the Company Board Recommendation, or
(B)&#xA0;adopt, approve, endorse or recommend, or publicly propose
to adopt, approve, endorse or recommend to the stockholders of the
Company any Acquisition Proposal or Superior Proposal,
(ii)&#xA0;make any public statement inconsistent with the Company
Board Recommendation, (iii)&#xA0;resolve or agree to take any of
the foregoing actions (any of the foregoing, a &#x201C;<font style="font-weight: bold">Company Adverse Recommendation
Change</font>&#x201D;), or (iv)&#xA0;authorize, cause or permit the
Company or any of their respective representatives to enter into
any Company Acquisition Agreement. Notwithstanding the foregoing,
at any time prior to the receipt of the Company Stockholder
Approval, but not after, the Company Board may make a Company
Adverse Recommendation Change or cause the Company to enter into a
Company Acquisition Agreement with respect to an Acquisition
Proposal only if the Company Board of Directors has reasonably
determined in good faith, after consultation with its outside legal
counsel, that (i)&#xA0;the failure to take such action would
reasonably be expected to be inconsistent with the Company Board of
Director&#x2019;s fiduciary duties under applicable Legal
Requirements and (ii) such Acquisition Proposal constitutes a
Superior Proposal; <font style="font-style: italic">provided,
however</font>, that prior to taking such action, (A)&#xA0;the
Company promptly notifies Parent, in writing, at least forty-eight
(48) hours (the &#x201C;<font style="font-weight: bold">Notice
Period</font>&#x201D;) before making a Company Adverse
Recommendation Change or entering into a Company Acquisition
Agreement, of its intention to take such action with respect to a
Superior Proposal or its intention to make a Company Adverse
Recommendation Change, which notice shall specify the basis for
such Company Adverse Recommendation Change and, in the case of a
Superior Proposal, (1)&#xA0;state expressly that the Company has
received an Acquisition Proposal that the Company Board intends to
declare a Superior Proposal and that the Company Board intends to
make a Company Adverse Recommendation Change and/or the Company
intends to enter into a Company Acquisition Agreement, and (2)
include a copy of the most current version of the proposed
agreement relating to such Superior Proposal (which version shall
be updated on a prompt basis), and a description of any financing
commitments relating thereto (or, if no draft exists, a summary of
the material terms and conditions of such Superior Proposal);
(B)&#xA0;the Company shall, during the Notice Period, negotiate
with Parent in good faith in respect of adjustments in the terms
and conditions of this Agreement if Parent, in its discretion,
proposes to make such adjustments as would permit the Company Board
of Directors in the exercise of its fiduciary duties not to effect
a Company Adverse Recommendation Change (it being agreed that in
the event that, after commencement of the Notice Period, there is
any material revision to the terms of a Superior Proposal,
including, any revision in price, the Notice Period shall be
extended, if applicable, to ensure that at least forty-eight (48)
hours remain in the Notice Period subsequent to the time the
Company notifies Parent of any such material revision (it being
understood that there may be multiple extensions)); and
(C)&#xA0;following the end of such Notice Period (as extended
pursuant to the preceding clause (B)) the Company Board of
Directors determines in good faith, after consulting with outside
legal counsel, that the failure to make such a Company Adverse
Recommendation Change would reasonably be expected to be
inconsistent with its fiduciary duties under applicable law and
that, in the case of a Company Adverse Recommendation Change with
respect to an Acquisition Proposal, such Acquisition Proposal
continues to constitute a Superior Proposal after taking into
account any adjustments made by Parent during the Notice Period in
the terms and conditions of this Agreement; and <font style="font-style: italic">provided, further</font>, that the Company has
complied with its obligations under this <font style="font-weight: bold">Section 4.10</font>.</font></div>
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</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(e)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">Nothing contained
in this <font style="font-weight: bold">Section 4.10</font> shall
prohibit the Company, after the receipt of advice from outside
legal counsel that failure to disclose such position would
constitute a violation of applicable Legal Requirements, from
(i)&#xA0;disclosing to its stockholders a position contemplated by
Rule 14d-9 or Rule 14e-2(a) promulgated under the Exchange Act, or
(ii)&#xA0;making any &#x201C;stop-look-and-listen&#x201D;
communication to the stockholders of the Company contemplated by
Section&#xA0;14d-9(f) promulgated under the Exchange Act (or any
similar communications to the stockholders of the Company) in which
the Company indicates that it has not changed the Company Board
Recommendation or making any legally required disclosure to the
Stockholders with regards to an Acquisition Proposal, which
actions, in the case of clause (i) through (iii), shall not
constitute or be deemed to constitute a Company Adverse
Recommendation Change so long as any such disclosure (x) includes
an express reaffirmation of the Company Board Recommendation and
(y) does not include any statement that constitutes, and does not
otherwise constitute, a Company Adverse Recommendation
Change.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(f)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">The Company agrees
that the rights and remedies for noncompliance with this
<font style="font-weight: bold">Section 4.10</font> shall include
Parent seeking to have such provision specifically enforced by any
court having equity jurisdiction, it being acknowledged and agreed
that any such breach or threatened breach may cause irreparable
injury to Parent and that money damages may not provide an adequate
remedy to Parent.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px">
Section 4.11</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px"><a name="_Toc65851745"><!--anchor--></a><font style="text-decoration: underline">Closing Parent
Board.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(a)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">Parent shall take
all such action as may be necessary or appropriate such that
immediately following the First Effective Time, an individual
designated by the Company&#x2019;s Board of Directors and acceptable
to Parent (which approval shall not be unreasonably conditioned,
withheld or delayed) (or any successor thereto as designated by the
Stockholder Representative, the &#x201C;<font style="font-weight: bold">NetSapiens Board Designee</font>&#x201D;) shall
be elected to the board of directors of Parent.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(b)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">From and after the
Closing, Parent hereby agrees to (i) include the NetSapiens Board
Designee as a nominee to the Board of Directors on each slate of
nominees for election to the Board of Directors proposed by
management of Parent, (ii) recommend the election of the NetSapiens
Board Designee to the stockholders of Parent and (iii) without
limiting the foregoing, otherwise use its reasonable best efforts
to cause the NetSapiens Board Designee to be elected to the Board
of Directors. The initial NetSapiens Board Designee, Anand Buch,
shall be elected to the Board of Directors immediately following
the First Effective Time (which approval shall not be unreasonably
conditioned, withheld or delayed).</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px">
Section 4.12</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px"><a name="_Toc65851746"><!--anchor--></a><font style="text-decoration: underline">[Intentionally
Omitted]</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px">
Section 4.13</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px"><a name="_Toc65851747"><!--anchor--></a><font style="text-decoration: underline">Proxy Statement; Parent Stockholder
Meeting.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(a)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">As promptly as
practicable after the date hereof, Parent shall file with the SEC a
proxy statement (as amended or supplemented, the
&#x201C;<font style="font-weight: bold">Proxy
Statement</font>&#x201D;) to be sent to the stockholders of the
Parent relating to the meeting of Parent&#x2019;s stockholders (the
&#x201C;<font style="font-weight: bold">Parent Stockholder
Meeting</font>&#x201D;) to be held to consider the approval of the
Parent Stock Issuance and any other proposals the parties deem
necessary to effectuate the Mergers and the other Transactions or
as may be mutual agreed upon by the Company and Parent (the
&#x201C;<font style="font-weight: bold">Parent
Proposals</font>&#x201D;). Parent shall file the definitive Proxy
Statement with the SEC and cause the Proxy Statement to be mailed
to its stockholders of record, as of the record date to be
established by the board of directors of Parent, as promptly as
practicable (but in no event later than ten (10) Business Days)
following the earlier to occur of: (Y) in the event the preliminary
Proxy Statement is not reviewed by the SEC, the expiration of the
waiting period in Rule 14a-6(a) under the Exchange Act; or (Z) in
the event the preliminary Proxy Statement is reviewed by the SEC,
receipt of oral or written notification of the completion of the
review by the SEC). Parent covenants that none of the Parent Board
of Directors or any committee thereof shall withdraw or modify, or
propose publicly or by formal action of the Parent Board of
Directors to withdraw or modify, in a manner adverse to the
Company, the approval or recommendation by the Parent Board of the
Parent Proposals and the Proxy Statement shall include the
recommendation of the Parent Board of Directors to the stockholders
of Parent in favor of the Parent Proposals, <font style="font-style: italic">provided that</font>, the Parent Board of
Directors or any committee thereof may withdraw or modify the
recommendation of the Parent Proposals to the stockholders of
Parent to the extent that the Parent Board of Directors reasonably
believes in good faith, after consultation with outside legal
counsel, that the recommendation of the Parent Proposals to the
stockholders of Parent would be reasonably expected to be
inconsistent with its fiduciary duties under applicable Legal
Requirements.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(b)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">From and after the
date hereof and prior to the First Effective Time, prior to filing
with the SEC, Parent will make available to the Company drafts of
the Proxy Statement and any other documents to be filed with the
SEC by Parent, both preliminary and final, and any amendment or
supplement to the Proxy Statement or such other document and will
provide the Company with a reasonable opportunity to comment on
such drafts and shall consider such comments in good faith. Parent
shall not file any such documents with the SEC without the prior
written consent of the Company (such consent not to be unreasonably
withheld, conditioned or delayed). Parent will advise the Company
promptly after it receives notice thereof, of: (A) the time when
the Proxy Statement has been filed; (B) in the event the
preliminary Proxy Statement is not reviewed by the SEC, the
expiration of the waiting period in Rule&#xA0;14a-6(a) under the
Exchange Act; (C) in the event the preliminary Proxy Statement is
reviewed by the SEC, receipt of oral or written notification of the
completion of the review by the SEC; (D) the filing of any
supplement or amendment to the Proxy Statement; (E)&#xA0;the
issuance of any stop order by the SEC; (F) any request by the SEC
for amendment of the Proxy Statement; (G) any comments from the SEC
relating to the Proxy Statement and responses thereto; and (H)
requests by the SEC for additional information. Prior to responding
to any requests or comments from the SEC, Parent will make
available to the Company drafts of any such response and provide
the Company with a reasonable opportunity to comment on such
drafts.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<div id="hdr">
<div style="text-align: right; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(c)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">The Company shall
furnish to Parent at Parent&#x2019;s request such information as is
required to be included under the Exchange Act in the Proxy
Statement (or any amendment or supplement thereto). The Company
represents that the information supplied by the Company for
inclusion in the Proxy Statement shall not, at (i) the time the
Proxy Statement (or any amendment thereof or supplement thereto) is
first mailed to the stockholders of Parent, (ii)&#xA0;the time of
the Parent Stockholders&#x2019; Meeting, and (iii)&#xA0;the
Effective Time, contain any untrue statement of a material fact or
fail to state any material fact required to be stated therein or
necessary in order to make the statements therein, in light of the
circumstances under which they were made, not misleading. If, at
any time prior to the Effective Time, any event or circumstance
relating to the Company, or its officers or directors or otherwise
supplied by the Company for inclusion in the Proxy Statement,
should be discovered by the Company which should be set forth in an
amendment or a supplement to the Proxy Statement, so that such
documents would not include any misstatement of a material fact or
omit to state any material fact necessary to make the statements
therein, in light of the circumstances under which they were made,
not misleading, the Company shall promptly inform Parent. All
documents that Parent is responsible for filing with the SEC in
connection with the Mergers or the other Transactions, will comply
as to form and substance in all material aspects with the
applicable requirements of the Exchange Act and the rules and
regulations thereunder. Parent shall make all necessary filings, if
any, with respect to the Transactions under the Securities Act, the
Exchange Act and applicable &#x201C;blue sky&#x201D; laws, and any
rules and regulations thereunder.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(d)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">Parent shall call
and hold the Parent Stockholders&#x2019; Meeting as promptly as
practicable for the purpose of voting upon the Parent Proposals,
and Parent shall use its reasonable best efforts to hold the Parent
Stockholders Meeting within twenty (20)&#xA0;Business Days
following the date the Proxy Statement is mailed to the
stockholders of Parent. Subject to <font style="font-weight: bold;">Section 4.13(a)</font>, Parent shall use its
reasonable best efforts to obtain the approval of the Parent
Proposals at the Parent Stockholders Meeting, including by
soliciting from its stockholders proxies as promptly as possible in
favor of the Parent Proposals, and shall take all other action
necessary or advisable to secure the required vote or consent of
its stockholders therefor.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px;">
Section 4.14</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px"><a name="_Toc65851748"><!--anchor--></a><font style="text-decoration: underline">Record
Retention</font></font><font style="font-family: Times New Roman; font-size: 13px">. From and after
the Closing Date, Parent will, and Parent will cause the Surviving
LLC to, retain all of the books and records of the Company in the
Surviving LLC&#x2019;s possession, in compliance with Parent&#x2019;s
record retention policies (which shall be in place on or before the
Closing Date), which would be reasonably be expected to be relevant
to any legal, regulatory or tax audit, investigation, inquiry or
requirement of the Equityholders (including, for the avoidance of
doubt, the Stockholder Representative) and will not, and will cause
the Surviving LLC not to, destroy or dispose of any such books or
records without the prior written consent of the Stockholder
Representative (which will not be unreasonably withheld). Parent
will, and will cause the Surviving LLC to, at reasonable times upon
reasonable notice, afford the Stockholder Representative and its
representatives reasonable access (including the right to make, at
the Stockholder Representative&#x2019;s expense, photocopies),
during normal business hours, to such books and records in the
Parent&#x2019;s or Surviving LLC&#x2019;s possession as the
Stockholder Representative may reasonably request.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px;">
Section 4.15</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px"><a name="_Toc65851749"><!--anchor--></a><font style="text-decoration: underline">Conduct of Business Prior to the
Closing</font></font><font style="font-family: Times New Roman; font-size: 13px">. From the date
hereof until the Closing, the Company and Parent shall each, except
as otherwise provided in this Agreement or consented to in writing
by the other party (which consent shall not be unreasonably
withheld, conditioned or delayed), (x) conduct its business in the
ordinary course of business consistent with past practice; and (y)
use reasonable best efforts to maintain and preserve intact its
current organization, business and franchise and to preserve the
rights, franchises, goodwill and relationships of its employees,
customers, lenders, suppliers, regulators and others having
business relationships with it. Without limiting the foregoing,
from the date hereof until the Closing Date, except as set forth on
<font style="font-weight: bold">Schedule 4.15</font>, the Company
and Parent shall each not take or permit any action that would
cause any of the changes, events or conditions described in
<font style="font-weight: bold">Section 2.9</font> in the case of
the Company or, <font style="font-weight: bold">Section 3.12</font>
in the case of Parent, to occur.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
ARTICLE V</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><a name="_Toc65851750"><!--anchor--></a><font style="font-weight: bold">CLOSING CONDITIONS AND
DELIVERABLES</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px">
Section 5.1</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px"><a name="_Toc65851751"><!--anchor--></a><font style="text-decoration: underline">Conditions to Each Party&#x2019;s
Obligation to Effect the Mergers</font></font><font style="font-family: Times New Roman; font-size: 13px">. The respective
obligations of each party to this Agreement to effect the Closing
are subject to the satisfaction or waiver (where permissible
pursuant to applicable law) on or prior to the Closing Date of each
of the following conditions:</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(a)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; font-style: italic">Company Stockholder
Approval</font>. This Agreement and the Mergers will have been duly
adopted by the Stockholders in accordance with the Company&#x2019;s
Charter Documents and the applicable Legal
Requirements.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(b)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; font-style: italic">Parent Stockholder
Approval</font>. The Parent Proposals including the Parent Stock
Issuance will have been approved by the requisite holders of Parent
Common Stock in accordance with Parent&#x2019;s Charter Documents
and the applicable Legal Requirements (the &#x201C;<font style="font-weight: bold">Parent Stockholder
Approval</font>&#x201D;).</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(c)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; font-style: italic">No Injunctions, Restraints,
or Illegality</font>. No Governmental Entity having jurisdiction
over any party hereto shall have enacted, issued, promulgated,
enforced, or entered any laws or Orders, whether temporary,
preliminary, or permanent, that make illegal, enjoin, or otherwise
prohibit consummation of the Mergers, the Parent Stock Issuance, or
the other Transactions.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<div id="hdr">
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</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px">
Section 5.2</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px"><a name="_Toc65851752"><!--anchor--></a><font style="text-decoration: underline">Conditions to Obligations of Parent
and Merger Subs</font></font><font style="font-family: Times New Roman; font-size: 13px">. The obligations
of Parent and Merger Subs to effect the Closing are also subject to
the satisfaction by the Company or waiver (where permissible
pursuant to applicable Legal Requirements) by Parent and Merger
Subs on or prior to the Closing of the following
conditions:</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(a)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; font-style: italic">Representations and
Warranties</font>. (i) Each of the Fundamental Representations
(each interpreted without giving effect to any limitation or
qualification as to materiality or Company Material Adverse Effect)
shall be true and correct in all but de minimis respects when made
and as of immediately prior to the Closing, as if made at and as of
such time (except those representations and warranties that address
matters only as of a particular date, which shall be true and
correct in all respects as of that date), and (ii) the other
representations and warranties of the Company set forth in
<font style="font-weight: bold">Article II</font> (each interpreted
without giving effect to any limitation or qualification as to
materiality or Company Material Adverse Effect) shall be true and
correct in all respects when made and as of immediately prior to
the Closing, as if made at and as of such time (in each case,
except those representations and warranties that address matters
only as of a particular date, which shall be true and correct in
all respects as of that date), except in the case of this clause
(ii) for any failure of such representations or warranties to be so
true and correct as had not had and would not reasonably be
expected to have, individually or in the aggregate with all such
other failures, a Company Material Adverse Effect.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px;">(b)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; font-style: italic">Performance of
Covenants</font>. The Company shall have performed in all material
respects all obligations, and complied in all material respects
with the agreements and covenants, in this Agreement required to be
performed by or complied with by it at or prior to the
Closing.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px;">(c)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; font-style: italic">Company Material Adverse
Effect</font>. Since the date of this Agreement, there shall not
have been any Company Material Adverse Effect.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px;">(d)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; font-style: italic">Officers
Certificate</font>. Parent will have received a certificate, signed
by the chief executive officer or chief financial officer of the
Company, certifying as to the matters set forth in <font style="font-weight: bold">Section 5.2(a), Section 5.2(b),</font> and
<font style="font-weight: bold">Section 5.2(c)</font>
hereof.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 36px;">
<font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px">
Section 5.3</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px"><a name="_Toc65851753"><!--anchor--></a><font style="text-decoration: underline">Conditions to Obligations of
Company</font></font><font style="font-family: Times New Roman; font-size: 13px">. The obligation of
the Company to effect the Mergers is also subject to the
satisfaction by Parent or Merger Subs, as the case may be, or
waiver (where permissible pursuant to applicable Legal
Requirements) by the Company on or prior to the Closing of the
following conditions:</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(a)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; font-style: italic">Representations and
Warranties</font>. (i) Each of the Parent Fundamental
Representations (each interpreted without giving effect to any
limitation or qualification as to materiality or Parent Material
Adverse Effect) shall be true and correct in all but de minimis
respects as of the Closing as if made anew as of such time (except
those representations and warranties that address matters only as
of a particular date, which shall be true and correct in all
respects as of that date), and (ii) the other representations and
warranties of Parent and Merger Subs set forth in <font style="font-weight: bold">Article III</font> (each interpreted without
giving effect to any limitation or qualification as to materiality
or Parent Material Adverse Effect) shall be true and correct in all
respects when made and as of immediately prior to the Closing, as
if made at and as of such time (in each case, except those
representations and warranties that address matters only as of a
particular date, which shall be true and correct in all respects as
of that date), except in the case of this clause (ii) for any
failure of such representations or warranties to be so true and
correct as had not had and would not reasonably be expected to
have, individually or in the aggregate with all such other
failures, a Parent Material Adverse Effect.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px;">(b)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; font-style: italic">Performance of
Covenants</font>. Parent and Merger Subs shall have performed in
all material respects all obligations, and complied in all material
respects with the agreements and covenants, in this Agreement
required to be performed by or complied with by each of them at or
prior to the Closing.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px;">(c)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; font-style: italic">Parent Material Adverse
Effect</font>. Since the date of this Agreement, there shall not
have been any Parent Material Adverse Effect.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(d)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; font-style: italic">Officers
Certificate</font>. Parent will have received a certificate, signed
by the chief executive officer or chief financial officer of
Parent, certifying as to the matters set forth in <font style="font-weight: bold">Section 5.3(a)</font>, <font style="font-weight: bold">Section 5.3(b),</font> and <font style="font-weight: bold">Section 5.3(c)</font> hereof.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(e)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; font-style: italic">Tax</font>-<font style="font-weight: bold; font-style: italic">Free Reorganization</font>.
The Company reasonably and in good faith determines that the
Transactions are a tax-free reorganization pursuant to Section
368(a)(1) of the Code.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; text-indent: 24px; margin-right: 0px;"><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px">
Section 5.4</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px"><a name="_Toc65851754"><!--anchor--></a><font style="text-decoration: underline">Company Closing
Deliverables</font></font><font style="font-family: Times New Roman; font-size: 13px">. On or prior to
the Closing Date, the Company shall deliver or cause to be
delivered to Parent:</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(a)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; font-style: italic">Joinder Agreements.</font>
Joinder Agreements executed by (i) the holders of no less than 90%
of the shares of Company Common Stock held by all Contributing
Equityholders and (ii) all Contributing Equityholders except no
more than five (5) Contributing Equityholders;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(b)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; font-style: italic">Key Employee
Documents</font>. Executed copies of the Key Employee Employment
Agreements substantially in the form attached hereto as
<font style="font-weight: bold; text-decoration: underline">Exhibit
C</font> and the documents ancillary thereto from each of the Key
Employees;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<div style="text-align: right; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(c)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; font-style: italic">FIRPTA Certificate</font>.
A certificate from the Company, validly executed by a duly
authorized officer of the Company, that the Company is not, and has
not been at any time during the five (5) years preceding the date
of such statement, a &#x201C;United States real property holding
corporation,&#x201D; as defined in Section 897(c)(2) of the Code,
such certificate in form and substance reasonably satisfactory to
Parent and conforming to the requirements of Treasury Regulations
Section 1.1445-2(c)(3) and 1.897-2(h), and proof reasonably
satisfactory to Parent that the Company has provided notice of such
statement to the IRS in a manner consistent with the provisions of
Treasury Regulations Section 1.897-2(h)(2);</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(d)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; font-style: italic">Resignation Letter of
Directors and Officers</font>. Executed copies of a resignation
letter, effective as of the Closing, from each officer and director
of the Company and its Subsidiaries, other than those officers and
directors listed on <font style="font-weight: bold">Schedule
5.4(d)</font>;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(e)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; font-style: italic">D&amp;O Policy</font>.
Evidence reasonably satisfactory to Parent that the D&amp;O Policy
will be bound at the Closing;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(f)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; font-style: italic">Escrow Agreement</font>.
Executed counterpart signature pages of the Company and the
Stockholder Representative to the Escrow Agreement;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(g)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; font-style: italic">PPP Escrow
Agreement</font>. Executed counterpart signature pages of the PPP
Lender, the Company and the Stockholder Representative to the PPP
Escrow Agreement and;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(h)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; font-style: italic">Documentary
Deliverables</font>. All certificates and other documents that it
is expressly required to deliver to Parent pursuant to this
Agreement prior to the Closing, including the Spreadsheet, the
Statement of Expenses and the Payoff Letters.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 24px;">
<font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px">
Section 5.5</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px"><a name="_Toc65851755"><!--anchor--></a><font style="text-decoration: underline">Parent Closing
Deliverables</font></font><font style="font-family: Times New Roman; font-size: 13px">. On or prior to
the Closing Date, Parent shall deliver or cause to be delivered to
the Company:</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px">
(a)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; font-style: italic">R&amp;W Insurance
Policy.</font> A final draft copy of the R&amp;W Insurance Policy
that is being bound at the Closing;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(b)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; font-style: italic">Escrow Agreement.</font>
Executed counterpart signature pages of Parent and the Escrow Agent
to the Escrow Agreement;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(c)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; font-style: italic">PPP Escrow
Agreement.</font> Executed counterpart signature page of Parent to
the Escrow Agreement;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(d)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; font-style: italic">Paying Agent
Agreement.</font> Executed counterpart signature pages of Parent
and the Paying Agent to the Paying Agent Agreement;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(e)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; font-style: italic">Joinder Agreements</font>.
Executed counterpart signature pages of Parent to each of the
Joinder Agreements;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(f)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; font-style: italic">Voting Agreement.</font> A
voting agreement, in a form to be mutually agreed upon by the
Company and Parent, executed by Parent and the Parent Majority
Stockholder;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(g)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; font-style: italic">Key Employee
Documents</font>. Executed counterpart signature pages to each Key
Employee Employment Agreement and the documents ancillary thereto
from Parent;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(h)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; font-style: italic">Documentary
Deliverables</font>. All certificates and other documents that it
is expressly required to deliver to Company or the Stockholder
Representative pursuant to this Agreement prior to the Closing;
and</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(i)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; font-style: italic">Secretary&#x2019;s
Certificate.</font> A certificate of the Secretary of Parent
certifying that attached thereto are true and complete copies of
all resolutions adopted by the board of directors of Parent and
Merger Sub I, and the manager and members of Merger Sub II,
authorizing the execution, delivery and performance of this
Agreement and the other Related Agreements and the consummation of
the Transactions, and that all such resolutions are in full force
and effect and are all the resolutions adopted in connection with
the Transactions.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div>
<div style="text-align: center"><font style="font-family: Times New Roman; font-size: 10"><font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">ARTICLE
VI</font></font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><a name="_Toc65851756"></a><font style="font-weight: bold">TAX
MATTERS</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px">
Section 6.1</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px"><a name="_Toc65851757"></a><font style="text-decoration: underline">Straddle Period
Taxes</font></font><font style="font-family: Times New Roman; font-size: 13px">. For purposes of
this Agreement, any real, personal and intangible property Taxes
and other Taxes imposed on a periodic basis for any Straddle Period
shall be allocated to the portion of the Straddle Period ending on
the Closing Date on a per diem basis, and all other Taxes for any
Straddle Period shall be allocated as if such Straddle Period ended
on the Closing Date, except that exemptions, allowances or
deductions that are calculated on an annual basis (including
depreciation and amortization deductions), other than with respect
to property placed in service after the Closing, shall be allocated
on a per diem basis.</font></div>
&#xA0; <font style="font-family: Times New Roman; font-size: 13px;"><br>
</font></div>
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<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">48</font></div>
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<div id="hdr">
<div style="text-align: right; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px;">
<font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px">
Section 6.2</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px"><a name="_Toc65851758"><!--anchor--></a><font style="text-decoration: underline">Tax Returns</font></font><font style="font-family: Times New Roman; font-size: 13px">. Parent shall
timely prepare and file (or cause to be timely prepared and filed)
all Tax Returns of the Company and its Subsidiaries for any
Pre-Closing Tax Period or Straddle Period that are due or filed
after the Closing Date. All such Tax Returns shall be prepared in a
manner consistent with the past custom and practices of the Company
and its Subsidiaries, except as otherwise required by applicable
law. The parties acknowledge and agree that all Transaction Tax
Deductions shall be reported in the Pre-Closing Tax Period (and
otherwise treated as attributable to the Pre-Closing Tax Period) to
the extent permitted by applicable law. At least fifteen (15) days
prior to filing any such Tax Return, Parent shall submit such Tax
Return that reflects any Tax liability for which the Indemnifying
Parties could reasonably be expected to be liable pursuant to this
Agreement to the Stockholder Representative for its review and
comment and shall consider in good faith any revisions as are
reasonably requested by the Stockholder Representative prior to
filing.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; text-indent: 48px">
<font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px">
Section 6.3</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px"><a name="_Toc65851759"><!--anchor--></a><font style="text-decoration: underline">Tax
Proceedings</font></font><font style="font-family: Times New Roman; font-size: 13px">. For purposes of
this Agreement, a &#x201C;<font style="font-weight: bold">Pre-Closing Tax Contest&#x201D;</font> is any
claim, action, cause of action, inquiry, audit, notice of
violation, or other administrative or judicial proceeding or other
dispute with respect to any Tax matter that affects the Company or
any of its Subsidiaries with respect to any Pre-Closing Tax Period
or Straddle Period for which the Indemnifying Parties could
reasonably be expected to be liable pursuant to this Agreement. The
Stockholder Representative will, at its election, have the right to
represent the Company&#x2019;s interests in any Pre-Closing Tax
Contest relating to a Tax matter arising in a Tax period beginning
before the Closing Date, to employ counsel of their choice at the
Indemnifying Parties&#x2019; expense, and to control the conduct of
such Pre-Closing Tax Contest, including settlement or other
disposition thereof; provided, however, that Parent will have the
right to consult with the Stockholder Representative regarding any
such Pre-Closing Tax Contest that may affect the Company for any
Tax periods ending after the Closing Date at Parent&#x2019;s own
expense and provided, further, that any settlement or other
disposition of any such Pre-Closing Tax Contest may only be with
the consent of Parent, which consent will not be unreasonably
withheld, conditioned or delayed. Parent will have the right to
control the conduct of any Pre-Closing Tax Contest with respect to
any Tax matter arising in a Tax period beginning after the Closing
Date.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; text-indent: 48px">
<font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px">
Section 6.4</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px"><a name="_Toc65851760"><!--anchor--></a><font style="text-decoration: underline">Cooperation</font></font><font style="font-family: Times New Roman; font-size: 13px">. Parent and the
Stockholder Representative agree to furnish or cause to be
furnished to the other, upon request, as promptly as practicable,
such information and assistance relating to Taxes, including access
to books and records, as is reasonably necessary for the filing of
all Tax Returns by Parent, the making of any election relating to
Taxes, the preparation for any audit by any Tax authority and the
prosecution or defense of any claim, suit or proceeding relating to
any Tax. Each of Parent, the Company and the Stockholder
Representative shall retain all books and records in their
possession with respect to Taxes for a period of at least seven (7)
years following the Closing Date. Notwithstanding anything to the
contrary in this Agreement, Parent shall not be required to
disclose to the Stockholder Representative or any Stockholder any
consolidated, combined, affiliated or unitary Tax Return which
includes Parent or any of its Affiliates or any Tax related work
papers.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; text-indent: 48px">
<font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px">
Section 6.5</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px"><a name="_Toc65851761"><!--anchor--></a><font style="text-decoration: underline">Post-Closing
Actions</font></font><font style="font-family: Times New Roman; font-size: 13px">. Following the
Closing, each of Parent and its Affiliates (including the Company
and its Subsidiaries) shall file each Tax Return of the Company and
its Subsidiaries with respect to any Pre-Closing Tax Period or
Straddle Period, conduct and manage each Pre-Closing Tax Proceeding
(including any proceeding relating to Voluntary Disclosure
Agreements), and otherwise conduct its affairs with respect to
Taxes of the Company and its Subsidiaries in good faith and in the
same manner as though such Person was the sole Person economically
responsible for the relevant Taxes, without any right to
indemnification or reimbursement from any other Person (including
pursuant to this Agreement).</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px;">
<font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px">
Section 6.6</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px"><a name="_Toc65851762"><!--anchor--></a><font style="text-decoration: underline">Tax Treatment of
Mergers</font></font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; font-style: italic">.</font> This Agreement is
intended to be, and is adopted as, a &#x201C;plan of
reorganization&#x201D; for purposes of Sections 354, 361 and 368 of
the Code and within the meaning of Treasury Regulations Section
1.368-2(g). The parties intend that, for U.S. federal income Tax
purposes, the Mergers, taken together, constitute an integrated
plan described in Rev. Rul. 2001-46, 2001-2 C.B. 321 and qualify as
a &#x201C;reorganization&#x201D; within the meaning of Section 368(a)
of the Code and the Treasury Regulations thereunder. Further, each
party hereto shall cause all Tax Returns to be filed on the basis
of treating the Mergers as a &#x201C;reorganization&#x201D; within
the meaning of Section 368(a) of the Code unless otherwise required
by applicable Law.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; text-indent: 48px">
<font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px">
Section 6.7</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px"><a name="_Toc65851763"><!--anchor--></a><font style="text-decoration: underline">Transfer
Taxes</font></font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; font-style: italic">.</font> All Transfer Taxes
incurred in connection with this Agreement shall be paid fifty
percent (50%) by Parent and fifty percent (50%) by the Stockholder
Representative (on behalf of and subject to reimbursement by the
Stockholders) when due, and the party required by law shall, at its
own expense, file all necessary Tax Returns and other documentation
with respect to all such Transfer Taxes. The parties shall, and
shall cause their respective Affiliates to, join in the execution
of any such Tax Returns and other documentation to the extent
required by applicable law.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px;">
Section 6.8</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px"><a name="_Toc65851764"><!--anchor--></a><font style="text-decoration: underline">Refunds</font></font><font style="font-family: Times New Roman; font-size: 13px">. The Parent and
the Company shall pay or cause to be paid, in immediately available
funds using wire transfer instructions as designated by the
Stockholder Representative, within ten (10) days of receipt of any
Refund of Taxes by the Parent or any of its Affiliates (including
the Company or any of its Subsidiaries), any Refund of Taxes
(including Refunds arising from amended returns filed after the
Closing Date) received by the Parent or Company to the extent that
such amounts were not taken into account in the computation of Net
Working Capital or Closing Indebtedness or otherwise as a component
of the Adjustment Amount. For this purpose, <font style="font-weight: bold; font-family: Times New Roman">"Refund"</font>
means any refund or overpayment of the Taxes of the Company or any
of its Subsidiaries plus any interest received with respect thereto
from the applicable Taxing authorities for any Pre-Closing Tax
Period or pre-Closing portion of a Straddle Period, net of any
out-of-pocket expenses and net of any Taxes on such Refund. To the
extent any such Refund of Taxes that was paid to the Stockholder
Representative pursuant to this Section 6.8 is subsequently
disallowed or reduced, any such disallowed amount or reduction,
including any Taxes, penalties or interest arising from the
disallowance or reduction of such Refund, shall be paid by the
Stockholder Representative, on behalf of the Contributing
Equityholders, to the Parent within ten (10) days after
notification of such disallowance or reduction by the Parent to the
Stockholder Representative.</font></div>
<div style="text-align: left"> <font style="font-family: Times New Roman; font-size: 13px;"><br>
</font></div>
<div style="text-align: left">
<div style="text-align: left; margin-left: 0px; text-indent: 48px">
<font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px;">
Section 6.9</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px"><a name="_Toc65851765"></a><font style="text-decoration: underline">Conflicts</font></font><font style="font-family: Times New Roman; font-size: 13px">. Notwithstanding
anything to the contrary in this Agreement, the provisions of this
<font style="font-weight: bold">Article VI</font> shall control in
the event of any conflict or inconsistency with the provisions of
<font style="font-weight: bold">Article VII</font>.</font></div>
</div>


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<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: center"><font style="font-family: Times New Roman; font-size: 10"><font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">ARTICLE
VII&#xA0;</font>&#xA0;<br></font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><a name="_Toc65851766"><!--anchor--></a><font style="font-weight: bold">POST-CLOSING
INDEMNIFICATION</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px">
Section 7.1</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px"><a name="_Toc65851767"><!--anchor--></a><font style="text-decoration: underline">Survival of Representations and
Warranties</font></font><font style="font-family: Times New Roman; font-size: 13px">. The
representations and warranties of the Company set forth in
<font style="font-weight: bold">Article II</font> and Parent and
Merger Subs set forth in <font style="font-weight: bold">Article
III</font> of this Agreement shall survive until 11:59 p.m. Pacific
Time on the date that is eighteen (18) months following the Closing
Date and the covenants and agreements of the parties hereto
contained in this Agreement or in the Related Agreements shall
survive the Closing for the applicable statute of limitations, or
for the shorter period explicitly specified therein, except that
for such covenants and agreements that survive for such shorter
period, breaches thereof shall survive for the applicable statute
of limitations or until the latest date permitted by law (the date
of expiration of such period, the &#x201C;<font style="font-weight: bold">Expiration Date</font>&#x201D;); <font style="font-style: italic">provided, however,</font> (a) if a good faith
claim hereunder is made in writing prior to the expiration of the
survival period for such representation and warranty, such claim
shall survive and remain a basis for indemnity hereunder until such
claim has been finally resolved or disposed of in accordance with
the terms hereof; (b) the representations and warranties under
<font style="font-weight: bold">Section&#xA0;2.1(a)</font>
<font style="font-style: italic">(Organization and Good
Standing),</font> <font style="font-weight: bold">Section
2.2</font> (<font style="font-style: italic">Authority and
Enforceability</font>), <font style="font-weight: bold">Section
2.5</font> (<font style="font-style: italic">Company Capital
Structure</font>), <font style="font-weight: bold">Section
2.6(a)</font> (<font style="font-style: italic">Company
Subsidiaries</font>), the first sentence of <font style="font-weight: bold">Section 2.23</font> (<font style="font-style: italic">Company Brokers&#x2019; Fees</font>),
<font style="font-weight: bold">Section 3.1</font> (<font style="font-style: italic">Organization and Standing</font>),
<font style="font-weight: bold">Section 3.2</font> (<font style="font-style: italic">Authority and Enforceability</font>),
<font style="font-weight: bold">Section 3.7</font> (<font style="font-style: italic">Total Stock Consideration</font>),
<font style="font-weight: bold; font-style: italic">Section</font>
<font style="font-weight: bold">3.8</font> (Parent Broker&#x2019;s
Fees), and <font style="font-weight: bold">Section 3.13</font>
(<font style="font-style: italic">No Other Representations;
Non-Reliance</font>), shall survive for six (6) years; and (c) the
representations and warranties under <font style="font-weight: bold">Section 2.10</font> (<font style="font-style: italic">Taxes</font>) and <font style="font-weight: bold">Section 3.10</font> (<font style="font-style: italic">Taxes</font>)<font style="font-weight: bold; font-style: italic">&#xA0;</font>shall survive
until thirty (30) days after the expiration of applicable statutes
of limitations. For the avoidance of doubt, it is the intention of
the parties hereto that the foregoing respective survival periods
and termination dates supersede any applicable statutes of
limitations that would otherwise apply to such representations and
warranties and covenants and agreements, and the parties
acknowledge that the survival periods set forth in this
<font style="font-weight: bold">Section 7.1</font> for the
assertion of claims under this Agreement are the result of
arms&#x2019;-length negotiation among the parties, and any claim
brought pursuant to this <font style="font-weight: bold">Article
VII</font> must be brought or filed prior to the Expiration
Date.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px;">
Section 7.2</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px"><a name="_Toc65851768"><!--anchor--></a><font style="text-decoration: underline">Indemnification.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10"><br></font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(a)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">From and after, and
by virtue of, the Mergers, subject to the terms of this
<font style="font-weight: bold">Article&#xA0;VII</font>, the
Contributing Equityholders (other than holders of Cancelled Shares
solely in their capacities as such), (each, an &#x201C;<font style="font-weight: bold">Company Indemnifying Party</font>&#x201D; and
collectively, the &#x201C;<font style="font-weight: bold">Company
Indemnifying Parties</font>&#x201D;) agree to (i) jointly, to the
extent of the funds then available from the Indemnity Escrow Fund
or Special Indemnification Escrow Fund, as applicable, and (ii) as
to any amounts exceeding the funds then available from the
Indemnity Escrow Fund, severally (based on such Indemnifying
Party&#x2019;s Escrow Pro Rata Portion), but not jointly, indemnify,
defend and hold harmless Parent and its officers, directors,
Affiliates, employees, agents and representatives, including the
Surviving LLC (each, an &#x201C;<font style="font-weight: bold">Parent Indemnified Party</font>&#x201D; and
collectively, the &#x201C;<font style="font-weight: bold">Parent</font> <font style="font-weight: bold">Indemnified Parties</font>&#x201D;), from and
against all losses, liabilities, damages, costs, interest, awards,
judgments, settlements, penalties or expenses, (including
reasonable attorneys&#x2019; and consultants&#x2019; fees and
expenses and including any such reasonable expenses incurred in
connection with investigating, defending against or settling any of
the foregoing) (hereinafter individually a &#x201C;<font style="font-weight: bold">Loss</font>&#x201D; and collectively
&#x201C;<font style="font-weight: bold">Losses</font>&#x201D;) paid,
incurred, suffered or sustained by any Parent Indemnified Party
(including the Surviving LLC) (regardless of whether or not such
Losses relate to any third party claims), resulting from, arising
out of, or relating to any of the following:</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 144px">
<font style="font-family: Times New Roman; font-size: 13px">(A)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;any
breach of or inaccuracy in a representation or warranty of the
Company set forth in <font style="font-weight: bold">Article
II</font> of this Agreement;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 144px">
<font style="font-family: Times New Roman; font-size: 13px">(B)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;any
failure by the Company to perform or comply with any of its
covenants or agreements set forth in this Agreement;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 144px">
<font style="font-family: Times New Roman; font-size: 13px">(C)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;any
Pre-Closing Taxes, including any of the matters described on
<font style="font-weight: bold">Schedule 7.2(a)(C)</font> (the
&#x201C;<font style="font-weight: bold">Special Indemnification
Matter</font>&#x201D;); and</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 144px">
<font style="font-family: Times New Roman; font-size: 13px">(D)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;[Intentionally
Omitted].</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-style: italic; font-family: Times New Roman; font-size: 13px">
</font><font style="font-family: Times New Roman; font-size: 13px;">(b)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">From and after, and
by virtue of, the Mergers, subject to the terms of this
<font style="font-weight: bold">Article&#xA0;VII</font>, Parent and
Merger Subs (each, an &#x201C;<font style="font-weight: bold">Parent
Indemnifying Party</font>&#x201D; and collectively, the
&#x201C;<font style="font-weight: bold">Parent Indemnifying
Parties</font>&#x201D;) agree to jointly or severally indemnify,
defend and hold harmless the Equityholders and their respective
officers, directors, Affiliates, employees, agents and
representatives (each, an &#x201C;<font style="font-weight: bold">Equityholder Indemnified Party</font>&#x201D;
and collectively, the &#x201C;<font style="font-weight: bold">Equityholder Indemnified
Parties</font>&#x201D;), from and against Losses paid, incurred,
suffered or sustained by any Equityholder Indemnified Party
(regardless of whether or not such Losses relate to any third party
claims), resulting from, arising out of, or relating to (i) any
breach of or inaccuracy in a representation or warranty of Parent
and Merger Subs set forth in <font style="font-weight: bold">Article III</font> of this Agreement; and (ii)
any failure by Parent and/or Merger Subs to perform or comply with
any of their respective covenants or agreements set forth in this
Agreement.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(c)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">For the purpose of
this <font style="font-weight: bold">Article VII</font>, for
purposes of both determining whether a breach of or inaccuracy in a
representation or warranty has occurred and determining the amount
of Losses paid, incurred, suffered or sustained by an Indemnified
Party as a result of any breach of or inaccuracy in a
representation or warranty that is qualified or limited in scope as
to materiality or Company Material Adverse Effect, such
representation or warranty shall be deemed to be made without such
qualification or limitation; <font style="font-style: italic">provided</font> that such qualification or
limitation shall not be disregarded (i) to the extent used in
<font style="font-weight: bold">Section 2.9(a)</font>,<font style="font-weight: bold">&#xA0;</font>(ii) to the extent used with
respect to a defined term (e.g., &#x201C;Material Contract&#x201D;,
etc.), (iii) to the extent used to determine the enumerated items
on a list, or (iv) to the extent applicable pursuant to
GAAP.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(d)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">The Company
Indemnifying Parties (including any officer or director of the
Company or any of its Subsidiaries) shall not have any right of
contribution, indemnification or right of advancement from the
Surviving LLC or Parent with respect to any Loss claimed by an
Parent Indemnified Party.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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</div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(e)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">Any payments made
to a Parent Indemnified Party pursuant to any indemnification
obligations under this <font style="font-weight: bold">Article
VII</font> will be treated as adjustments to the Aggregate Merger
Consideration for Tax purposes, unless otherwise required by
applicable Legal Requirements.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(f)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">As further set
forth in the Escrow Agreement, (i) within two (2) Business Days
following the date that is 18 months after the Closing Date, the
remainder of the Indemnity Escrow Fund, and (ii) within two (2)
Business Days following the Special Indemnification Matter
Expiration Date, the remainder of the Special Indemnification
Escrow Fund, shall be released by the Escrow Agent to the Paying
Agent for further distribution to the Contributing Equityholders
based on their Escrow Pro Rata Portions, provided, that if (A) at
the Expiration Date there are pending and unresolved indemnity
claims which would be payable from the Indemnity Escrow Fund or (B)
at the Special Indemnification Matter Expiration Date there are
pending and unresolved indemnity claims which would be payable from
the Special Indemnification Escrow Fund (&#x201C;<font style="font-weight: bold">Outstanding Indemnity Claims</font>&#x201D;),
then an amount shall be retained by the Escrow Agent pursuant to
the Escrow Agreement equal to the aggregate maximum amount of all
such Outstanding Indemnity Claims (the &#x201C;<font style="font-weight: bold">Outstanding Indemnity Claims
Amount</font>&#x201D;), and a portion of the Outstanding Indemnity
Claims Amount, net of any amounts paid to Parent in respect of such
Outstanding Indemnity Claim, shall be released to the Paying Agent
for distribution to the Contributing Equityholders in accordance
with their Escrow Pro Rata Portions following complete resolution
of each such Outstanding Indemnity Claim.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px;">
Section 7.3</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px"><a name="_Toc65851769"><!--anchor--></a><font style="text-decoration: underline">Limitations on
Indemnification.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px">
</font><font style="font-weight: bold; font-family: Times New Roman; font-size: 13px;">(a)</font>
<font id="tab2" style="letter-spacing: 12px;"><br></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 96px"><font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">(i)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">Except in the case
of indemnification claims under <font style="font-weight: bold">Section 7.2(a)(A)</font> for breaches of or
inaccuracies in the Fundamental Representations, the Parent
Indemnified Parties, as a group, may not recover any Losses
pursuant to an indemnification claim under <font style="font-weight: bold">Section 7.2(a)(A)</font> relating to breaches
of or inaccuracies in the representations or warranties of the
Company unless and until the Parent Indemnified Parties, as a
group, shall have paid, incurred, suffered or sustained at least
$250,000.00 in Losses (the &#x201C;<font style="font-weight: bold">Deductible</font>&#x201D;)<font style="font-weight: bold">&#xA0;</font>in the aggregate for all claims,
in which event the Parent Indemnified Parties may recover only the
excess of such Losses above the Deductible. For the avoidance of
doubt, the limitations set forth in this <font style="font-weight: bold">Section 7.3(a)(i)</font> shall not apply to
indemnification claims under clauses <font style="font-weight: bold">(B)</font> through <font style="font-weight: bold">(D)</font> of <font style="font-weight: bold">Section 7.2(a).</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 96px"><font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">(ii)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">The Parent
Indemnified Parties, as a group, may not recover any Losses
pursuant to an indemnification claim under <font style="font-weight: bold">Section 7.2(a)(C)</font> with respect to the
Special Indemnification Matter unless and until the Parent
Indemnified Parties, as a group, shall have paid, incurred,
suffered or sustained at least $500,000 in Losses (the
&#x201C;<font style="font-weight: bold">Special Indemnification
Matter Deductible</font>&#x201D;)<font style="font-weight: bold">&#xA0;</font>in the aggregate for all claims,
in which event the Parent Indemnified Parties may recover only the
excess of such Losses above the Special Indemnification Matter
Deductible. For the avoidance of doubt, the limitations set forth
in this <font style="font-weight: bold">Section 7.3(a)(ii)</font>
shall not apply to indemnification claims under clauses
<font style="font-weight: bold">(C)</font> of <font style="font-weight: bold">Section 7.2(a)</font> with respect to matters
other than the Special Indemnification Matter.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 96px"><font style="font-family: Times New Roman; font-size: 13px">(iii)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">Except in the case
of indemnification claims under <font style="font-weight: bold">Section 7.2(b)(i)</font> for breaches of or
inaccuracies in the Parent Fundamental Representations, the
Equityholder Indemnified Parties, as a group, may not recover any
Losses pursuant to an indemnification claim under <font style="font-weight: bold">Section 7.2(b)(i)</font> relating to breaches
of or inaccuracies in the representations or warranties of the
Parent and Merger Subs unless and until the Equityholder
Indemnified Parties, each as a group, shall have paid, incurred,
suffered or sustained at least the Deductible<font style="font-weight: bold">&#xA0;</font>in the aggregate for all claims,
in which event the Equityholder Indemnified Parties may recover
only the excess of such Losses above the Deductible. For the
avoidance of doubt, the limitations set forth in this <font style="font-weight: bold">Section 7.3(a)(iii)</font> shall not apply to
indemnification claims under clause <font style="font-weight: bold">(ii)</font> of <font style="font-weight: bold">Section 7.2(b).</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(b)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 96px"><font style="font-family: Times New Roman; font-size: 13px">(i)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">Except in the case
of (i) indemnification claims under <font style="font-weight: bold">Section 7.2(a)(A)</font> for breaches of or
inaccuracies in the Fundamental Representations and (ii)
indemnification claims under clauses <font style="font-weight: bold">(B)</font> through <font style="font-weight: bold">(D)</font> of <font style="font-weight: bold">Section 7.2(a)</font>,<font style="font-weight: bold">&#xA0;</font>in no event shall any Company
Indemnifying Party be liable for Losses under <font style="font-weight: bold">Section 7.2(a)</font> in excess of the
Indemnity Escrow Fund.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 96px"><font style="font-family: Times New Roman; font-size: 13px">(ii)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">In no event shall
any Company Indemnifying Party be liable for Losses under
<font style="font-weight: bold">Section 7.2(a)(C)</font> with
respect to the Special Indemnification Matter<font style="font-weight: bold">&#xA0;</font>in excess of the Special
Indemnification Escrow Fund.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 96px"><font style="font-family: Times New Roman; font-size: 13px">(iii)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">Except in the case
of (i) indemnification claims under <font style="font-weight: bold">Section 7.2(b)(i)</font> for breaches of or
inaccuracies in the Parent Fundamental Representations and (ii)
indemnification claims under clause <font style="font-weight: bold">(ii)</font> of <font style="font-weight: bold">Section 7.2(b)</font>,<font style="font-weight: bold">&#xA0;</font>in no event shall any Parent
Indemnifying Party be liable for Losses under <font style="font-weight: bold">Section 7.2(b)</font> in excess of
$5,000,000.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 96px"><font style="font-family: Times New Roman; font-size: 13px">(iv)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">The aggregate
Liability of the Parent Indemnifying Parties, as a group, for
Losses under this <font style="font-weight: bold">Article
VII</font> and under the Related Agreements shall not exceed
$50,000,001 in the aggregate. The aggregate Liability of the
Company Indemnifying Parties, as a group, for Losses under this
<font style="font-weight: bold">Article VII</font> and under the
Related Agreements shall not exceed $50,000,001 in the aggregate;
<font style="font-style: italic">provided, further</font>, that no
Contributing Equityholder shall have liability for any Losses in
excess of the actual dollar amount and number of shares of Parent
Common Stock included in such Contributing Equityholder&#x2019;s Pro
Rata Portion of the Aggregate Merger Consideration. Parent
acknowledges that the liability of the Contributing Equityholders
under this Agreement is several and not joint (except with respect
to amounts in the Indemnity Escrow Fund, Special Indemnification
Escrow Fund and Purchase Price Adjustment Escrow
Fund).</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<div style="text-align: right; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(c)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">The amount of any
Losses recoverable by any Indemnified Party against any
Indemnifying Party under <font style="font-weight: bold">Section
7.2</font> shall be calculated net of any insurance proceeds
actually received by, and/or any indemnification or contribution
payments actually paid by any third party to, such Indemnified
Party in respect of such Losses in, each case net of all costs
directly incurred in such recovery; <font style="font-style: italic">provided</font> that the Parent Indemnified
Party shall be required to seek to obtain such proceeds with
respect to the R&amp;W Insurance Policy (to the extent available
and to the extent there is insufficient Indemnity Escrow Fund) and
shall use its commercially reasonable efforts to seek or obtain any
other such insurance proceeds and; <font style="font-style: italic">provided, further</font> that the Indemnified
Parties shall have no obligations to seek any third party
indemnification or contribution. In the event that an insurance
recovery is received by any Indemnified Party with respect to any
Losses for which any such Person has been indemnified and which
Losses such Person had received from the Indemnifying Parties
hereunder, then a refund equal to the aggregate amount of the
recovery (net of reasonable costs and expenses incurred in
recovering such amounts) shall be promptly made to the Paying Agent
for distribution to the Company Indemnifying Parties in accordance
with their Escrow Pro Rata Portions or to the Parent for
distribution to the Equityholder Indemnified Parties, as
applicable. Each Indemnified Party shall use commercially
reasonable efforts within their control (including incurring such
reasonable costs or expenses) to mitigate any Loss or potential
Loss upon acquiring actual knowledge of any event or occurrence
that would reasonably be expected to, or that in fact does, give
rise to such Loss.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(d)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">No Indemnified
Party shall be entitled to indemnification for punitive damages,
unless such damages are actually paid to a third party in respect
of a Third Party Claim for which such Indemnified Party is entitled
to indemnification under this <font style="font-weight: bold">Article VII.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(e)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">Notwithstanding any
other provision of this Agreement, the Company Indemnifying Parties
shall not have any liability or indemnification obligation for any
Taxes of the Company resulting from any election made under Section
338 of the Code with respect to the Mergers.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(f)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">Other than the
limitations set forth in <font style="font-weight: bold">Section
7.3(b)(iv)</font>, nothing in this Agreement shall limit the
liability of an Indemnifying Party in connection with a claim based
on Fraud.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(g)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">This Agreement
shall not permit duplicative indemnifications in respect of the
same Loss or any component thereof if more than one provision of
this Agreement gives rise to an indemnification obligation with
respect to the same Loss.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(h)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">In no event shall
any Parent Indemnified Party be entitled to recover or make a claim
for any amount included in the calculation of the Net Working
Capital as finally determined pursuant to <font style="font-weight: bold">Section 1.9</font>. The amount of Losses to
which a Parent Indemnified Party is entitled in respect of a
particular matter will be reduced by the amount of any reserve
established specifically for such matter which reserve is reflected
on the Company&#x2019;s books and records and in the Estimated
Closing Statement as of the Closing Date, but only to the extent
such reserve is actually taken into account in the calculation of
the Net Working Capital as finally determined pursuant to
<font style="font-weight: bold">Section 1.9</font> (or Closing
Indebtedness).</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(i)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">The limitations set
forth above in this <font style="font-weight: bold">Article
VII</font> and <font style="font-weight: bold">Section 7.3</font>
are cumulative such that one or more of such limitations may apply
to a claim by an Indemnified Party for indemnification under this
<font style="font-weight: bold">Article VII</font> (and the fact
that certain provisions in this <font style="font-weight: bold">Article VII</font> reference the cumulative
nature of such limitations and others shall not in any way limit
the generality of this <font style="font-weight: bold">Section
7.3</font>).</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px;">
Section 7.4</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px"><a name="_Toc65851770"><!--anchor--></a><font style="text-decoration: underline">Indemnification Claim
Procedures.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(a)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">Subject to the
limitations set forth in <font style="font-weight: bold">Section
7.1</font> and <font style="font-weight: bold">Section 7.3</font>,
if an Indemnified Party wishes to make an indemnification claim
under this <font style="font-weight: bold">Article VII</font> for
any matter not involving a Third Party Claim,<font style="font-weight: bold">&#xA0;</font>such Indemnified Party shall
deliver a written notice (an &#x201C;<font style="font-weight: bold">Indemnification Claim
Notice</font>&#x201D;)<font style="font-weight: bold">&#xA0;</font>to the Stockholder Representative,
in the event the Indemnified Party is a Parent Indemnified Party,
or the Parent, in the event the Indemnified Party is an
Equityholder Indemnified Party, (i) stating that an Indemnified
Party has paid, incurred, suffered or sustained, or reasonably
anticipates that it may pay, incur, suffer or sustain Losses, and
(ii) specifying in reasonable detail the individual items of such
Losses, the date each such item was paid, incurred, suffered or
sustained, or the basis for such anticipated liability, and, if
applicable, the nature of the misrepresentation, breach of warranty
or covenant to which such item is related. Parent may update an
Indemnification Claim Notice from time to time to reflect any new
information discovered with respect to the claim set forth in such
Indemnification Claim Notice.</font></div>
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<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(b)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">If the Stockholder
Representative on behalf of the Company Indemnifying Parties, or
the Parent on behalf of the Parent Indemnifying Parties, as
applicable, shall not object in writing within the thirty (30)-day
period after receipt of an Indemnification Claim Notice by delivery
of a written notice of objection containing a reasonably detailed
description of the facts and circumstances supporting an objection
to the applicable indemnification claim (an &#x201C;<font style="font-weight: bold">Indemnification Claim Objection
Notice</font>&#x201D;), such failure to so object shall be an
irrevocable acknowledgment by the Stockholder Representative on
behalf of the Company Indemnifying Parties (or the applicable
Company Indemnifying Party), or the Parent on behalf of the Parent
Indemnifying Parties (or the applicable Parent Indemnifying Party),
that the Indemnified Party is entitled to the full amount of the
claim for Losses set forth in such Indemnification Claim Notice
subject to the limitations set forth in <font style="font-weight: bold">Section 7.3</font>.<font style="font-weight: bold">&#xA0;</font>In such event, in the event the
Indemnified Party is a Parent Indemnified Party, Parent and the
Stockholder Representative shall promptly execute and deliver joint
written instructions to the Escrow Agent to release to the
applicable Parent Indemnified Party from the Indemnity Escrow Fund
or the Special Indemnification Escrow Fund, as applicable, the
amount of Losses set forth in such Indemnification Claim Notice. In
such event, in the event the Indemnified Party is an Equityholder
Indemnified Party, Parent shall promptly, and in any event in no
less than ten (10) Business Days pay to the Paying Agent, for
further distribution to the Equityholder Indemnified Parties, the
amount of Losses set forth in such Indemnification Claim Notice.
Subject to the limitations set forth in <font style="font-weight: bold">Section 7.3</font>, only with respect to an
indemnification claim made pursuant to <font style="font-weight: bold">(B)</font> through <font style="font-weight: bold">(D)</font> of <font style="font-weight: bold">Section 7.2(a)</font> (except for
indemnification claims under <font style="font-weight: bold">Section 7.2(a)(C)</font> with respect to the
Special Indemnification Matter) or<font style="font-weight: bold">&#xA0;</font>for breaches of or inaccuracies in
the Fundamental Representations within their respective survival
periods provided under <font style="font-weight: bold">Section
7.1</font>,<font style="font-weight: bold">&#xA0;</font>should the
amount held in the Indemnity Escrow Fund, if any, be insufficient
to satisfy in whole the amount to be paid to a Parent Indemnified
Party by the Company Indemnifying Parties in accordance with the
applicable Indemnification Claim Notice, then each Company
Indemnifying Party shall, within ten (10) Business Days following
the expiration date of the right of the Stockholder Representative
on behalf of the Company Indemnifying Parties (or the applicable
Company Indemnifying Party) to make an Indemnification Claim
Objection Notice, pay to the Parent Indemnified Party, such
Indemnifying Parties&#x2019; Escrow Pro Rata Portion of such
shortfall.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(c)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">In the event that
the Stockholder Representative or the Parent shall deliver an
Indemnification Claim Objection Notice in accordance with
<font style="font-weight: bold">Section 7.4(b)</font> within thirty
(30) days after delivery of such Indemnification Claim Notice, the
Stockholder Representative and Parent shall attempt in good faith
to agree upon the rights of the respective parties with respect to
each of such claims, subject to the limitations set forth in
<font style="font-weight: bold">Section 7.3</font>. In such event,
as applicable, Parent and the Stockholder Representative shall
promptly execute and deliver joint written instructions to the
Escrow Agent to release from the Indemnity Escrow Fund or Special
Indemnification Escrow Fund, as applicable, or Parent shall
promptly, and in any event in no less than ten (10) Business Days
pay to the Paying Agent, for further distribution to the
Equityholder Indemnified Parties, the amount of Losses agreed upon
by Parent and the Stockholder Representative documented in a
memorandum. Subject to the limitations set forth in <font style="font-weight: bold">Section 7.3</font>, only with respect to an
indemnification claim made pursuant to <font style="font-weight: bold">(B)</font> through <font style="font-weight: bold">(D)</font> of <font style="font-weight: bold">Section 7.2(a)</font> (except for
indemnification claims under <font style="font-weight: bold">Section 7.2(a)(C)</font> with respect to the
Special Indemnification Matter) or<font style="font-weight: bold">&#xA0;</font>for breaches of or inaccuracies in
the Fundamental Representations within their respective survival
periods provided under <font style="font-weight: bold">Section
7.1</font>, should the amount held in the Indemnity Escrow Fund, if
any, be insufficient to satisfy in whole the amount owed to a
Parent Indemnified Party in accordance with such memorandum and
this Agreement, then each Company Indemnifying Party shall, within
ten (10) Business Days following the date of such memorandum, pay
to the Parent Indemnified Party such Indemnifying Party&#x2019;s
Escrow Pro Rata Portion of such shortfall.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(d)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">If no such
agreement can be reached after good faith negotiation and prior to
thirty (30) days after delivery of an Indemnification Claim
Objection Notice, the parties shall have the right to pursue all
available remedies to resolve such dispute. From and after the time
that an Indemnification Claim Notice is received and until such
claim is finally resolved, the Indemnified Parties, the
Indemnifying Parties, Parent, the Surviving LLC, and the
Stockholder Representative shall cooperate in good
faith.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(e)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">For purposes of
this <font style="font-weight: bold">Article VII</font>, including
in determining the number of Escrow Shares to be released from the
Indemnity Escrow Fund to Parent in connection with any
indemnification claim as finally resolved by the parties hereto in
accordance with the terms hereof, each Escrow Share shall be deemed
to have a value equal to the Parent Trading Price.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px;">
Section 7.5</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px"><a name="_Toc65851771"><!--anchor--></a><font style="text-decoration: underline">Third Party
Claims.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(a)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">In the event an
Indemnified Party becomes aware of a third party claim (a
&#x201C;<font style="font-weight: bold">Third Party
Claim</font>&#x201D;)<font style="font-weight: bold">&#xA0;</font>which the Indemnified Party
reasonably believes would result in a demand against the Indemnity
Escrow Fund, the Special Indemnification Escrow Fund or for other
indemnification pursuant to this <font style="font-weight: bold">Article VII</font>,<font style="font-weight: bold">&#xA0;</font>the Indemnified Party shall,
within ten (10) Business Days after such third party asserts such
claim, notify the Stockholder Representative on behalf of the
Company Indemnifying Parties or Parent on behalf of the Parent
Indemnifying Parties, as applicable, of such Third Party Claim (it
being understood that no delay in providing such notice (a
&#x201C;<font style="font-weight: bold">Third Party Claim
Notice</font>&#x201D;)<font style="font-weight: bold">&#xA0;</font>shall prejudice an Indemnified
Party&#x2019;s rights under this <font style="font-weight: bold">Article VII</font> except to the extent that
the applicable Indemnifying Party is materially prejudiced by
reason of such failure).</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">53</font></div>
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</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(b)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">Subject to the
provisions of the R&amp;W Insurance Policy, the Indemnifying Party
shall have the right (but not the obligation), to be exercised
within ten (10) Business Days following its receipt of the Third
Party Claim Notice by delivering written notice to the Indemnified
Party, to assume and thereafter conduct and control the defense of
such Third Party Claim (with counsel of such Indemnifying
Party&#x2019;s choice that is reasonably satisfactory to the
Indemnified Party), but only if and for so long as (1) such Third
Party Claim does not seek monetary damages in an amount in excess
of the remaining amount for which the Indemnifying Party could be
liable by virtue of the caps on Losses expressly set forth herein,
(2) such Third Party Claim does not allege criminal activity, and
(3) such Third Party Claim does not seek equitable remedies. For so
long as the Indemnifying Party is conducting and controlling such
defense, (I) each Indemnified Party shall have the right, but not
the obligation, to participate in such defense with separate
counsel of its choosing at its sole cost and expense (or at the
Indemnifying Parties&#x2019; sole cost and expense if there are any
conflicts of interests with respect to such defense as between any
Indemnified Party and any Indemnifying Party), and (II) each
Indemnified Party shall cooperate with the Indemnifying Party in
such defense and make available to the Indemnifying Party and its
Representatives, all witnesses, pertinent records, materials and
information in or under such Indemnified Party&#x2019;s possession
or control relating thereto as may be reasonably requested by the
Indemnifying Party. The Indemnifying Party shall not be permitted
to consent to the entry of any judgment or enter into any
settlement with respect to such Third Party Claim without the prior
written consent of the Indemnified Party (which such consent shall
not be unreasonably withheld, conditioned or delayed); <font style="font-style: italic">provided, that</font>, notwithstanding the
foregoing, the Indemnifying Party shall be permitted to consent to
the entry of any judgment or enter into any settlement agreement
with respect to such Third Party Claim if such judgment or
settlement does not (w) involve the admission of fraudulent or
criminal wrongdoing on the part of any Indemnified Party, (x)
impose equitable relief or any other restrictions or non-monetary
obligations on any Person, (y) impose any monetary damages on any
Indemnified Party, and (z) contains a complete and unconditional
release of each applicable Indemnified Party from all liability
with respect to such Third Party Claim.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(c)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">Subject to the
provisions of the R&amp;W Insurance Policy, unless and until the
Indemnifying Party assumes the defense of any Third Party Claim as
provided above, each applicable Indemnified Party may defend
against such Third Party Claim in any manner it may reasonably deem
appropriate (with counsel of such Indemnified Party&#x2019;s
choice), in which case the Indemnifying Party shall cooperate with
such Indemnified Party in such defense and make available to such
Indemnified Party and its Representatives all witnesses, pertinent
records, materials, and information in or under the Indemnifying
Party&#x2019;s possession or control relating thereto as may be
reasonably requested by such Indemnified Party (provided that
nothing herein required shall require the Company Members or the
Members&#x2019; Agent to disclose any information subject to
attorney-client privilege). The conduct of such defense by such
Indemnified Party shall not be construed to be a waiver of such
Indemnified Party&#x2019;s right to indemnification with respect to
such Third Party Claim. No Indemnified Party shall be permitted to
consent to the entry of any judgment or enter into any settlement
with respect to such Third Party Claim without the prior written
consent of the Indemnifying Party (not to be unreasonably withheld,
conditioned, or delayed); <font style="font-style: italic">provided, further</font>, that, except with
the express consent of the Indemnifying Party, no settlement or
resolution of any such Third Party Claim shall be determinative of
the existence or the amount of Losses resulting from, arising out
of or relating to such Third Party Claim; and <font style="font-style: italic">provided, further</font>, that the parties
hereto agree and acknowledge that it shall be reasonable for an
Indemnifying Party to withhold consent to the entry of any judgment
or entry into any settlement with respect to a Third Party Claim in
the event such Indemnifying Party disputes the amount of Losses or
its obligation to indemnify the Indemnified Party under this
<font style="font-weight: bold">Article VII</font>.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(d)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">In the event that
the Indemnifying Party has consented to any settlement or
resolution of a Third Party Claim, the Indemnifying Parties shall
have no power or authority to object under any provision of this
<font style="font-weight: bold">Article VII</font> to the amount of
Losses resulting from, arising out of or relating to such Third
Party Claim, and the Indemnified Parties shall be entitled to
indemnification for the entire amount of such Losses, subject to
the applicable limitations contained in <font style="font-weight: bold">Section 7.3.</font> In the event that the
Indemnifying Parties<font style="font-weight: bold">&#xA0;</font>does not, in accordance with the
terms of this <font style="font-weight: bold">Section
7.5(b)</font>, consent to any such settlement or resolution or the
existence or the amount of Losses resulting from, arising out of or
relating to such Third Party Claim, then the Indemnified Parties
shall be entitled pursue all available remedies to resolve such
dispute with respect to the existence or amount of Losses resulting
from, arising out of or relating to such Third Party
Claim.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(e)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">For the avoidance
of doubt and subject to the other terms of this Agreement, the
Indemnifying Parties shall keep any information obtained in
connection with any Third Party Claim confidential in accordance
with <font style="font-weight: bold">Section 9.6</font> hereof, and
in no event shall any Indemnifying Party disclose such information
to any third party unless and until such party has executed a
confidentiality agreement with respect to such information, or is
otherwise subject to applicable confidentiality obligations,
containing confidentiality terms no less favorable to the Company
than those contained in the Non-Disclosure Agreement.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px;">
Section 7.6</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px"><a name="_Toc65851772"><!--anchor--></a><font style="text-decoration: underline">Stockholder
Representative.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(a)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">By virtue of the
execution and delivery of a Joinder Agreement, and the adoption of
this Agreement and approval of the Mergers by the Stockholders,
each of the Contributing Equityholders shall be deemed to have
agreed to appoint David Wang as its agent and attorney-in-fact and
as the Stockholder Representative with full power and authority to
act for and on behalf of the Contributing Equityholders to pay each
such Contributing Equityholder&#x2019;s expenses (whether incurred
on or after the date hereof) incurred in connection with the
negotiation and performance of this Agreement, to receive, give
receipt and disburse any funds received hereunder or on behalf of
or to each such Contributing Equityholder, to negotiate, settle,
compromise and make any required payments from the Escrow Funds on
behalf of all Contributing Equityholders, to give and receive
notices and communications on behalf of any Contributing
Equityholder or all Contributing Equityholders collectively, both
generally with respect to matters contemplated by this Agreement or
more specifically in respect of indemnification claims under this
Agreement, to authorize payment from the Escrow Funds in
satisfaction of any indemnification claims hereunder, to object to
such payments, to agree to, negotiate, enter into settlements and
compromises of, and demand arbitration and comply with orders of
courts and awards of arbitrators with respect to any such
indemnification or other claims, to assert, negotiate, enter into
settlements and compromises of, and demand arbitration and comply
with orders of courts and awards of arbitrators with respect to,
any such indemnification claim by any Indemnified Party hereunder
against any Indemnifying Party or by any such Indemnifying Party
against any Indemnified Party or any dispute between any
Indemnified Party and any such Indemnifying Party, in each case
relating to this Agreement or the Transactions, and to take all
other actions that are either (i) necessary or appropriate in the
judgment of the Stockholder Representative for the accomplishment
of the foregoing or (ii) specifically mandated by the terms of this
Agreement. Such agency may be changed by the Stockholders from time
to time upon not less than thirty (30) days prior written notice to
Parent; <font style="font-style: italic">provided,
however,</font><font style="font-weight: bold; font-style: italic">&#xA0;</font>that the
Stockholder Representative may not be removed unless holders of a
majority in interest of the Escrow Funds agree to such removal and
to<font style="font-weight: bold">&#xA0;</font>the identity of the
substituted agent. Notwithstanding the foregoing, in the event of a
resignation of the Stockholder Representative or other vacancy in
the position of Stockholder Representative, such vacancy may be
filled by the holders of a majority in interest of the Escrow
Funds. No bond shall be required of the Stockholder Representative,
and the Stockholder Representative shall not receive any
compensation for its services. Notices or communications to or from
the Stockholder Representative shall constitute notice to or from
the Indemnifying Parties. The agency and proxy granted to the
Stockholder Representative pursuant to this <font style="font-weight: bold">Section 7.6(a)</font> are coupled with an
interest, and are therefore irrevocable without the consent of
holder, unless otherwise agreed to between the Stockholder
Representative and any such Person in writing.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(b)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">A decision, act,
consent or instruction of the Stockholder Representative, including
an amendment of any provision of this Agreement pursuant to
<font style="font-weight: bold">Section 8.7</font> hereof, shall
constitute a decision of the Contributing Equityholders and shall
be final, binding and conclusive upon the Contributing
Equityholders, and Parent may rely upon any such decision, act,
consent or instruction of the Stockholder Representative as being
the decision, act, consent or instruction of the Contributing
Equityholders. Parent is hereby relieved from any liability to any
person for any acts done by Parent in accordance with such
decision, act, consent or instruction of the Stockholder
Representative. The Stockholder Representative shall not have by
reason of this Agreement a fiduciary relationship in respect of any
Contributing Equityholder, except in respect of amounts actually
received on behalf of such Contributing Equityholder. The
Stockholder Representative shall not be required to make any
inquiry concerning either the performance or observance of any of
the terms, provisions or conditions of this Agreement.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(c)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">The Stockholder
Representative shall not be, nor shall any person employed by or
otherwise affiliated with the Stockholder Representative be, liable
for any act done or omitted hereunder as Stockholder Representative
except for actions or omissions constituting willful misconduct or
gross negligence of the Stockholder Representative in connection
therewith. The Contributing Equityholders shall severally (and not
jointly and severally) in accordance with their respective Escrow
Pro Rata Portion pay for all reasonable and documented fees, costs
and expenses incurred by the Stockholder Representative in
connection with the acceptance and administration of its duties
hereunder and shall indemnify the Stockholder Representative and
hold the Stockholder Representative harmless against any and all
Losses arising out of or in connection with the acceptance or
administration of the Stockholder Representative&#x2019;s duties
hereunder, including all reasonable fees and expenses of defending
the Stockholder Representative against any claim of liability
(&#x201C;<font style="font-weight: bold">Stockholder Representative
Expenses</font>&#x201D;). From time to time in its sole discretion,
the Stockholder Representative may pay or cause to be paid or
reimburse itself for any Stockholder Representative Expenses from
the Stockholder Representative Expense Fund or, if such funds are
depleted, from the Escrow Funds (only to the extent that such
reimbursement is paid from payments that would otherwise have been
made to the Contributing Equityholders (i.e. after the release of
any escrowed amounts), and prior to any such payment or
reimbursement, shall deliver to the Parent a certificate setting
forth the Stockholder Representative Expenses to be so paid. For
the avoidance of doubt, while this section allows the Stockholder
Representative to be paid from the Stockholder Representative
Expense Fund and the Escrow Funds this <font style="font-weight: bold">Section 7.6(c)</font> shall not limit the
obligation of any Contributing Equityholders to promptly pay such
Stockholder Representative Expenses as they are incurred. A
decision, act, consent or instruction of the Stockholder
Representative, including an amendment, extension or waiver of this
Agreement pursuant to <font style="font-weight: bold">Section
8.7</font>, <font style="font-weight: bold">Section 9.2</font> or
<font style="font-weight: bold">Section 9.3</font>,<font style="font-weight: bold">&#xA0;</font>shall constitute a decision of the
Contributing Equityholders and shall be final, conclusive and
binding upon the Contributing Equityholders; and the Parent may
rely upon any such decision, act, consent or instruction of the
Stockholder Representative as being the decision, act, consent or
instruction of the Contributing Equityholders. The Parent is hereby
relieved from any liability to any person for any acts done by it
in accordance with such decision, act, consent or instruction of
the Stockholder Representative. The Stockholder Representative
shall notify the Contributing Equityholders if additional funds are
required to cover any Stockholder Representative Expenses and such
Contributing Equityholders shall be required to deposit additional
funds in accordance with their respective Escrow Pro Rata Portion
into an account designated by the Stockholder Representative. The
Stockholder Representative may release at any time, in its sole
discretion, all or any portion of the Stockholder Representative
Expense Fund for distribution to the Contributing Equityholders in
accordance with their Escrow Pro Rata Portions.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<div id="hdr">
<div style="text-align: right; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px;">
Section 7.7</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px"><a name="_Toc65851773"><!--anchor--></a><font style="text-decoration: underline">Exclusive
Remedies</font></font><font style="font-family: Times New Roman; font-size: 13px">.
Subject to Section 1.9 and Section 9.8, and except with respect to
claims arising from Fraud pursued against a perpetrator of Fraud or
claims under the Related Agreements, the parties acknowledge and
agree that their sole and exclusive remedy with respect to any and
all claims for any breach of any representation, warranty,
covenant, agreement or obligation set forth herein or otherwise
relating to the subject matter of this Agreement, shall be pursuant
to the indemnification provisions set forth in this Article VII. In
furtherance of the foregoing, each party hereby waives, to the
fullest extent permitted under Legal Requirements, any and all
rights, claims and causes of action for any breach of any
representation, warranty, covenant, agreement or obligation set
forth herein or otherwise relating to the subject matter of this
Agreement it may have against the other parties hereto and their
Affiliates and each of their respective representatives arising
under or based upon any Legal Requirements, except pursuant to the
indemnification provisions set forth in this Article VII. Nothing
in this Section 7.7 shall limit any Person&#x2019;s right to seek
and obtain any equitable relief to which any Person shall be
entitled pursuant to Section 9.8. Nothing in this Agreement shall
limit (i) the remedies available to any party in connection with
any claim based on Fraud or (ii) the right of any Indemnified Party
hereunder to pursue remedies under any Related Agreement against
the party thereto; <font style="font-style: italic">provided,
however</font>, that <font style="font-family: Times New Roman">for
the avoidance of doubt, nothing in this</font> <font style="font-weight: bold; font-family: Times New Roman">Section
7.7</font> <font style="font-family: Times New Roman">shall be
deemed to affect or limit the provisions of</font> <font style="font-weight: bold; font-family: Times New Roman">Section
7.3(b)(iv)</font> <font style="font-family: Times New Roman">and</font> <font style="font-weight: bold; font-family: Times New Roman">Section
7.3(b)(f)</font> <font style="font-family: Times New Roman">with
respect to the limitations of Liability set forth
therein.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px;">
Section 7.8</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px"><a name="_Toc65851774"><!--anchor--></a><font style="text-decoration: underline">Effect of
Knowledge</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">.
Notwithstanding anything to the contrary contained herein, no
Equityholder shall be liable to any Parent Indemnified Parties for
any Loss resulting from any inaccuracy in or breach of any
representation or warranty of the Company contained in <font style="font-weight: bold">Article II</font> of this Agreement if Parent
had actual knowledge of such inaccuracy or breach prior to the
Closing.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px;">
Section 7.9</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px"><a name="_Toc65851775"><!--anchor--></a><font style="text-decoration: underline">Recourse to R&amp;W Insurance
Policy.</font></font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(a)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">Except in the case
of indemnification claims under <font style="font-weight: bold">Section 7.2(a)(A)</font> for breaches of or
inaccuracies in the Fundamental Representations, the Parent
Indemnified Parties shall seek recovery with respect to any
indemnification claim under <font style="font-weight: bold">Section
7.2(a)(A)</font> in the following order and priority: (i) first,
against the Deductible, (ii) second, against funds then held in the
Indemnity Escrow Fund, if any, and (iii) then under the R&amp;W
Insurance Policy, and in no event will any Parent Indemnified Party
be entitled to make a claim for indemnification against, seek to
recover from, or have any right to recover directly from any
Equityholder for such Losses.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(b)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">The Parent
Indemnified Parties shall seek recovery with respect to any
indemnification claims under (i) <font style="font-weight: bold">Section 7.2(a)(A)</font> for breaches of or
inaccuracies in the Fundamental Representations, and (ii) except in
the case of indemnification claims under <font style="font-weight: bold">Section 7.2(a)(C)</font> with respect to the
Special Indemnification Matter, <font style="font-weight: bold">Section 7.2(a)(B)</font> through <font style="font-weight: bold">Section 7.2(a)(D)</font>, in the following
order and priority, (1) first, against funds held in the Indemnity
Escrow Fund, if any, (2) second, under the R&amp;W Insurance Policy
to the extent covered thereby, and (3) thereafter, directly against
the Contributing Equityholders, subject to the limitations on
indemnification set forth in this <font style="font-weight: bold">Article VII</font>. Unless the applicable
indemnification claim is expressly excluded from coverage under the
R&amp;W Insurance Policy, Parent shall, before seeking recovery
directly against the Contributing Equityholders pursuant to clause
(iii) of the preceding sentence, seek to recover all of such
Damages under the R&amp;W Insurance Policy.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(c)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">The Parent
Indemnified Parties shall seek recovery with respect to any
indemnification claims under <font style="font-weight: bold">Section 7.2(a)(C)</font> with respect to the
Special Indemnification Matter, in the following order and
priority, (i) first, against the Special Indemnification Matter
Deductible, (ii) second, under the R&amp;W Insurance Policy to the
extent covered thereby, and (iii) third, against funds held in the
Special Indemnification Escrow Fund, subject to the limitations on
indemnification set forth in this <font style="font-weight: bold">Article VII</font>.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center"><font style="font-family: Times New Roman; font-size: 10"><font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">ARTICLE
VIII</font>&#xA0;<br></font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><a name="_Toc65851776"><!--anchor--></a><font style="font-weight: bold">TERMINATION, AMENDMENT, AND
WAIVER</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px;">
<font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px">
Section 8.1</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px"><a name="_Toc65851777"><!--anchor--></a><font style="text-decoration: underline">Termination by Mutual
Consent</font></font><font style="font-family: Times New Roman; font-size: 13px">. This Agreement
may be terminated at any time prior to the First Effective Time
(whether before or after the receipt of the Company Stockholder
Approval or the Parent Stockholder Approval) by the mutual written
consent of Parent and the Company.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">56</font></div>
</div>
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<div style="text-align: right; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; text-indent: 48px">
<font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px">
Section 8.2</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px"><a name="_Toc65851778"><!--anchor--></a><font style="text-decoration: underline">Termination by Either Parent or the
Company</font></font><font style="font-family: Times New Roman; font-size: 13px">. This Agreement
may be terminated by either Parent or the Company at any time prior
to the First Effective Time (whether before or after the receipt of
the Company Stockholder Approval or the Parent Stockholder
Approval):</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(a)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">if the Mergers have
not been consummated on or before 120 days after the signing of
this Agreement (the &#x201C;<font style="font-weight: bold">End
Date</font>&#x201D;), provided, however, that the right to terminate
this Agreement pursuant to this <font style="font-weight: bold">Section&#xA0;8.2(a)</font> shall not be
available to any party the breach by which of any representation,
warranty, covenant, or agreement set forth in this Agreement has
been the cause of, or resulted in, the failure of the Mergers to be
consummated on or before the End Date;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(b)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">if any Governmental
Entity of competent jurisdiction shall have enacted, issued,
promulgated, enforced, or entered any law or Order making illegal,
permanently enjoining, or otherwise permanently prohibiting the
consummation of the Mergers or the Parent Stock Issuance, and such
law or Order shall have become final and nonappealable, provided,
however, that the right to terminate this Agreement pursuant to
this <font style="font-weight: bold">Section 8.2(b)</font> shall
not be available to the party the breach by which of any
representation, warranty, covenant, or agreement set forth in this
Agreement has been the cause of, or resulted in, the issuance,
promulgation, enforcement, or entry of any such law or
Order;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(c)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">if the Company
Stockholder Approval is not received pursuant to the Company
Stockholder Approval Process; or</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(d)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">if any of the
Parent Proposals shall fail to receive the requisite vote for
approval at the Parent Stockholder Meeting duly convened therefor
or at any adjournment or postponement thereof.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; text-indent: 48px">
<font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px">
Section 8.3</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px"><a name="_Toc65851779"><!--anchor--></a><font style="text-decoration: underline">Termination by
Parent</font></font><font style="font-family: Times New Roman; font-size: 13px">. This Agreement
may be terminated by Parent at any time prior to the First
Effective Time if there shall have been a material breach of any
representation, warranty, covenant, or agreement on the part of the
Company set forth in this Agreement such that the conditions to the
Closing of the Mergers set forth in <font style="font-weight: bold">Section 5.2(a)</font> or <font style="font-weight: bold">Section 5.2(b)</font>, as applicable, would not
be satisfied and, in either such case, such breach is incapable of
being cured by the End Date; provided that Parent shall have given
the Company at least twenty (20) days&#x2019; written notice prior
to such termination stating Parent&#x2019;s intention to terminate
this Agreement pursuant to this <font style="font-weight: bold">Section 8.3</font> and provided further that
Parent shall not have the right to terminate this Agreement
pursuant to this <font style="font-weight: bold">Section 8.3</font>
if Parent or either Merger Sub is then in material breach of any
representation, warranty, covenant, or obligation hereunder, which
breach has not been cured.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px;">
<font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px">
Section 8.4</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px"><a name="_Toc65851780"><!--anchor--></a><font style="text-decoration: underline">Termination by the
Company</font></font><font style="font-family: Times New Roman; font-size: 13px">. This Agreement
may be terminated by the Company at any time prior to the First
Effective Time if there shall have been a material breach of any
representation, warranty, covenant, or agreement on the part of
Parent or either Merger Sub set forth in this Agreement such that
the conditions to the Closing of the Mergers set forth in
<font style="font-weight: bold">Section 5.3(a)</font> or
<font style="font-weight: bold">Section 5.3(b)</font>, as
applicable, would not be satisfied and, in either such case, such
breach is incapable of being cured by the End Date; provided that
the Company shall have given Parent at least twenty (20)
days&#x2019; written notice prior to such termination stating the
Company&#x2019;s intention to terminate this Agreement pursuant to
this <font style="font-weight: bold">Section 8.4</font> and
provided further that the Company shall not have the right to
terminate this Agreement pursuant to this <font style="font-weight: bold">Section 8.4</font> if the Company is then in
material breach of any representation, warranty, covenant, or
obligation hereunder, which breach has not been cured.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px;">
<font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px">
Section 8.5</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px"><a name="_Toc65851781"><!--anchor--></a><font style="text-decoration: underline">Notice of Termination; Effect of
Termination</font></font><font style="font-family: Times New Roman; font-size: 13px">. The party
desiring to terminate this Agreement pursuant to this <font style="font-weight: bold">Article VIII</font> (other than pursuant to
<font style="font-weight: bold">Section 8.1</font>) shall deliver
written notice of such termination to each other party hereto
specifying with particularity the reason for such termination, and
any such termination in accordance with this <font style="font-weight: bold">Section 8.5</font> shall be effective
immediately upon delivery of such written notice to the other
party. If this Agreement is terminated pursuant to this
<font style="font-weight: bold">Article VIII</font>, this Agreement
shall become void and of no further force and effect, with no
liability on the part of any party to this Agreement (or any
stockholder, director, officer, employee, agent, or representative
of such party) to any other party hereto, except: (a) with respect
to this <font style="font-weight: bold">Section 8.5, Section
8.6,</font> and <font style="font-weight: bold">Article IX</font>
(and any related definitions contained in any such Sections or
Article), which shall remain in full force and effect and (b) with
respect to any liabilities or damages incurred or suffered by a
party, to the extent such liabilities or damages were the result of
Fraud or the breach by another party of any of its representations,
warranties, covenants, or other agreements set forth in this
Agreement.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<div style="text-align: right; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px">
Section 8.6</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px"><a name="_Toc65851782"><!--anchor--></a><font style="text-decoration: underline">Breakup Fee Following
Termination.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(a)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">If the Company is
not entitled to terminate this Agreement pursuant to <font style="font-weight: bold">Section 8.4</font> and this Agreement is
terminated by Parent because the Company fails to obtain the
Company Stockholder Approval prior to the End Date, then the
Company shall pay to Parent (by wire transfer of immediately
available funds), within five (5) Business Days after such
termination, the Expense Reimbursement, <font style="font-style: italic">provided, that</font> if this Agreement is
terminated by Parent or by the Company pursuant to <font style="font-weight: bold">Section 8.2(c)</font>, because the Company
fails to obtain the Company Stockholder Approval as a result of the
Company Board of Directors making a Company Adverse Recommendation
Change or causing the Company to enter into a Company Acquisition
Agreement with respect to an Acquisition Proposal pursuant to
<font style="font-weight: bold">Section 4.10</font>, then five (5)
Business Days after such termination, the Company shall pay the
Expense Reimbursement and provide the Two-Year License to
Parent.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(b)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">If Parent is not
entitled to terminate this Agreement pursuant to <font style="font-weight: bold">Section 8.3</font> and this Agreement is
terminated by the Company because Parent fails to obtain Parent
Stockholder Approval prior to the End Date, or if this Agreement is
terminated by Parent or by the Company pursuant to <font style="font-weight: bold">Section 8.2(d)</font>, then Parent shall pay to
the Company (by wire transfer of immediately available funds),
within five (5) Business Days after such termination, the Expense
Reimbursement.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(c)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">The parties
acknowledge and hereby agree that the provisions of this
<font style="font-weight: bold">Section 8.6</font> are an integral
part of the transactions contemplated by this Agreement (including
the Mergers), and that, without such provisions, the parties would
not have entered into this Agreement. If the Company, on the one
hand, or Parent and Merger Subs, on the other hand, shall fail to
pay in a timely manner the amounts due pursuant to this
<font style="font-weight: bold">Section 8.6</font> and, in order to
obtain such payment, the other party makes a claim against the
non-paying party that results in a judgment, the non-paying party
shall pay to the other party the reasonable costs and expenses
(including its reasonable attorneys&#x2019; fees and expenses)
incurred or accrued in connection with such suit, together with
interest on the amounts set forth in this <font style="font-weight: bold">Section 8.6</font> at the prime rate as
published in The Wall Street Journal in effect on the date such
payment was actually received, or a lesser rate that is the maximum
permitted by applicable law. The parties acknowledge and agree that
in no event shall a party be obligated to pay any fees under this
<font style="font-weight: bold">Section 8.6</font>, on more than
one occasion.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px">
Section 8.7</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px"><a name="_Toc65851783"><!--anchor--></a><font style="text-decoration: underline">Amendment</font></font><font style="font-family: Times New Roman; font-size: 13px">. At any time prior
to the First Effective Time, this Agreement may be amended or
supplemented in any and all respects, whether before or after
receipt of the Company Stockholder Approval or the Parent
Stockholder Approval, by written agreement signed by each of the
parties hereto,&#xA0;provided, however, that: (a) following the
receipt of the Company Stockholder Approval, there shall be no
amendment or supplement to the provisions of this Agreement which
by law would require further approval by the holders of Company
Capital Stock without such approval and (b) following the receipt
of the Parent Stockholder Approval, there shall be no amendment or
supplement to the provisions of this Agreement which by law would
require further approval by the holders of Parent Common Stock
without such approval.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px">
Section 8.8</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px"><a name="_Toc65851784"><!--anchor--></a><font style="text-decoration: underline">Extension;
Waiver</font></font><font style="font-family: Times New Roman; font-size: 13px">. At any time prior
to the First Effective Time, Parent or Merger Subs, on the one
hand, or the Company, on the other hand, may: (a) extend the time
for the performance of any of the obligations of the other
party(ies); (b) waive any inaccuracies in the representations and
warranties of the other party(ies) contained in this Agreement or
in any document delivered under this Agreement; or (c) unless
prohibited by applicable Legal Requirements, waive compliance with
any of the covenants, agreements, or conditions contained in this
Agreement. Any agreement on the part of a party to any extension or
waiver will be valid only if set forth in an instrument in writing
signed by such party. The failure of any party to assert any of its
rights under this Agreement or otherwise will not constitute a
waiver of such rights.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
ARTICLE IX</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><a name="_Toc65851785"><!--anchor--></a>GENERAL PROVISIONS</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px">
Section 9.1</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px"><a name="_Toc65851786"><!--anchor--></a><font style="text-decoration: underline">Certain
Interpretation</font></font><font style="font-family: Times New Roman; font-size: 13px">. When a reference
is made in this Agreement to an Annex, Exhibit or Schedule, such
reference shall be to an Annex, Schedule or Exhibit to this
Agreement unless otherwise indicated. When a reference is made in
this Agreement to an Article or a Section, such reference shall be
to an Article or a Section of this Agreement unless otherwise
indicated. The words &#x201C;include,&#x201D; &#x201C;includes&#x201D;
and &#x201C;including&#x201D; when used herein shall be deemed in
each case to be followed by the words &#x201C;without
limitation.&#x201D; All references in this Agreement to
&#x201C;$&#x201D; or dollars shall mean U.S. denominated dollars. The
words &#x201C;hereof,&#x201D; &#x201C;herein&#x201D; and
&#x201C;herewith&#x201D; and words of similar import shall, unless
otherwise stated, be construed to refer to this Agreement as a
whole and not to any particular provision of this Agreement.
&#x201C;Extent&#x201D; in the phrase &#x201C;to the extent&#x201D;
shall mean the degree to which a subject or other item extends and
shall not simply mean &#x201C;if&#x201D;. The word &#x201C;or&#x201D;
is used in the inclusive sense of &#x201C;and/or&#x201D;. The meaning
assigned to each term defined herein shall be equally applicable to
both the singular and the plural forms of such term, and words
denoting any gender shall include all genders. Where a word or
phrase is defined herein, each of its other grammatical forms shall
have a corresponding meaning. The table of contents and headings
set forth in this Agreement are for reference purposes only and
shall not affect in any way the meaning or interpretation of this
Agreement. A reference to any party to this Agreement or any other
agreement or document shall include such party&#x2019;s successors
and permitted assigns. The parties hereto agree that they have been
represented by counsel during the negotiation and execution of this
Agreement and, therefore, waive the application of any law,
regulation, holding or rule of construction providing that
ambiguities in an agreement or other document will be construed
against the party drafting such agreement or document.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<div style="text-align: right; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px;">
<font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px">
Section 9.2</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px"><a name="_Toc65851787"><!--anchor--></a><font style="text-decoration: underline">Assignment</font></font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; font-style: italic">.</font> This Agreement
shall not be assigned by operation of law or otherwise, except that
Parent may assign its rights and delegate its obligations hereunder
to its Affiliates as long as Parent remains ultimately liable for
all of Parent&#x2019;s obligations hereunder.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px;">
<font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px">
Section 9.3</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px"><a name="_Toc65851788"><!--anchor--></a><font style="text-decoration: underline">Notices</font></font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; font-style: italic">.</font> All notices and
other communications hereunder shall be in writing and shall be
deemed given if delivered personally or by commercial messenger or
courier service, or mailed by registered or certified mail (return
receipt requested) or sent via email (with automated or personal
acknowledgment of receipt) to the parties at the following
addresses (or at such other address for a party as shall be
specified by like notice or, if specifically provided for elsewhere
in this Agreement, by email):</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">(a)</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">if to Parent,
either of the Merger Subs or the Surviving LLC, to:</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 96px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;">Crexendo,
Inc.</font></div>
<div style="text-align: left; margin-left: 96px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;">1615
South 52nd Street</font></div>
<div style="text-align: left; margin-left: 96px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;">Tempe,
AZ 85281</font></div>
<div style="text-align: left; margin-left: 96px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;">Attention: Jeffrey
Korn, General Counsel</font></div>
<div style="text-align: left; margin-left: 96px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;">Email:
jkorn@crexendo.com</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 96px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;">with a
copy (which shall not constitute notice) to:</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 96px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;">Squire
Patton Boggs (US) LLP</font></div>
<div style="text-align: left; margin-left: 96px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;">1 E.
Washington St., Suite 2700</font></div>
<div style="text-align: left; margin-left: 96px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;">Phoenix, Arizona
85004</font></div>
<div style="text-align: left; margin-left: 96px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;">Attention: Matthew
M. Holman, Esq.</font></div>
<div style="text-align: left; margin-left: 96px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Email:
matthew.holman@squirepb.com</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 48px; margin-right: 0px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px">(b)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
if to the Stockholder Representative, to:</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 96px; margin-right: 0px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px;">David
Wang</font></div>
<div style="text-align: left; margin-left: 96px; margin-right: 0px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px;">PO Box
8588</font></div>
<div style="text-align: left; margin-left: 96px; margin-right: 0px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px;">LA
Jolla, CA 92038</font></div>
<div style="text-align: left; margin-left: 96px; margin-right: 0px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px">Email:
david@wangsfamily.net<br></font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 72px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;">with a
copy (which shall not constitute notice) to:</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 96px; margin-right: 0px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px;">Procopio, Cory,
Hargreaves &amp; Savitch LLP</font></div>
<div style="text-align: left; margin-left: 96px; margin-right: 0px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px;">525 B
Street, Suite 2200</font></div>
<div style="text-align: left; margin-left: 96px; margin-right: 0px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px;">San
Diego, California 92101</font></div>
<div style="text-align: left; margin-left: 96px; margin-right: 0px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px;">Attention: William
W. Eigner, Esq.</font></div>
<div style="text-align: left; margin-left: 96px; margin-right: 0px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px">Email:
william.eigner@procopio.com</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 48px; text-indent: 0px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px;">(c)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
Prior to the Closing, if to the Company, to:</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 96px; text-indent: 0px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px;">NetSapiens,
Inc.</font></div>
<div style="text-align: left; margin-left: 96px; text-indent: 0px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 96px; margin-right: 0px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px;">PO Box
8588</font></div>
<div style="text-align: left; margin-left: 96px; margin-right: 0px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px;">La
Jolla, CA 92038</font></div>
<div style="text-align: left; margin-left: 96px; margin-right: 0px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px;">Attention: Anand
Buch</font></div>
<div style="text-align: left; margin-left: 96px; margin-right: 0px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px;">Email:
abuch@netsapiens.com</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">59</font></div>
</div>
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<div id="hdr">
<div style="text-align: right; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: left; margin-left: 72px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;">with a
copy (which shall not constitute notice) to:</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 96px; margin-right: 0px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px;">Procopio, Cory,
Hargreaves &amp; Savitch LLP</font></div>
<div style="text-align: left; margin-left: 96px; margin-right: 0px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px;">525 B
Street, Suite 2200</font></div>
<div style="text-align: left; margin-left: 96px; margin-right: 0px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px;">San
Diego, California 92101</font></div>
<div style="text-align: left; margin-left: 96px; margin-right: 0px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px;">Attention: William
W. Eigner, Esq.</font></div>
<div style="text-align: left; margin-left: 96px; margin-right: 0px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px">Email:
william.eigner@procopio.com</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Any
notice given as specified in this <font style="font-weight: bold;">Section 9.3</font> (i) if delivered personally
shall conclusively be deemed to have been give or served at the
time of delivery (ii) if delivered by electronic mail shall
conclusively be deemed to have been given effective upon actual
receipt if during the recipient&#x2019;s normal business hours, or
at the beginning of the recipient&#x2019;s next normal business day
after receipt if not received during the recipient&#x2019;s normal
business hours, and (ii) if sent by commercial delivery service or
mailed by registered or certified mail (return receipt requested)
shall conclusively be deemed to have been received on the third
Business Day after the post of the same. No notice to Parent,
Merger Sub I, Merger Sub II, the Company or the Stockholder
Representative shall be deemed given or received unless the entity
noted &#x201C;with a copy to&#x201D; is simultaneously given notice
in the same manner as any notice given to the Parent, Merger Sub I,
Merger Sub II, the Company or the Stockholder Representative as the
case may be; provided, however, that no notice to such party shall
constitute notice to the Parent, Merger Sub I, Merger Sub II, the
Company or the Stockholder Representative for purposes of this
<font style="font-weight: bold;">Section 9.3</font>.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; text-indent: 48px">
<font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px">
Section 9.4</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px"><a name="_Toc65851789"><!--anchor--></a><font style="text-decoration: underline">Confidentiality</font></font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; font-style: italic">.</font>
Each of the parties hereto hereby agrees that any information
obtained pursuant to the negotiation and execution of this
Agreement or the effectuation of the Transactions, shall be
governed by the terms of the Mutual Confidentiality Agreement dated
as of April 30, 2020 (as may be amended from time to time, the
&#x201C;<font style="font-weight: bold">Non-Disclosure
Agreement</font>&#x201D;), between the Company and Parent, which
will survive after the termination of this Agreement; provided,
however, that notwithstanding any provision hereof to the contrary,
the parties hereto agree and acknowledge that upon the Closing of
the Transactions as set forth herein, the Nondisclosure Agreement
shall be deemed terminated and be of no further force or effect. In
this regard, the Company acknowledges that the common stock of
Parent is publicly traded and that any information obtained during
the course of its due diligence could be considered to be material
non-public information within the meaning of federal and state
securities laws. Accordingly, the Company acknowledges and agrees
not to engage and will cause its representatives or any
Equityholders having access to Parent&#x2019;s material non-public
information to engage in any discussions, correspondence or
transactions in the securities of Parent in violation of applicable
securities laws.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px;">
<font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px">
Section 9.5</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px"><a name="_Toc65851790"><!--anchor--></a><font style="text-decoration: underline">Public
Disclosure</font></font><font style="font-family: Times New Roman; font-size: 13px">. Except as
required by Legal Requirements, neither the Company nor any of its
representatives nor Parent nor any of its representatives shall
issue any statement or communication to any third party (other than
its agents that are bound by confidentiality restrictions)
regarding the subject matter of this Agreement or the Transactions,
including, if applicable, the termination of this Agreement and the
reasons therefor, without the consent of Parent, on the one hand,
or the Stockholder Representative, on the other hand; <font style="font-style: italic">provided, however,</font> that the
Equityholders which are private equity or venture capital firms and
their Affiliates may disclose information regarding this Agreement
and the Transactions to their current or prospective limited
partners or investors or to the current or prospective limited
partners or investors in any funds or investment vehicles managed
by any Affiliates of such Equityholder that are subject to
customary confidentiality restrictions. Notwithstanding the
foregoing limitations, neither the Company, the Stockholder
Representative nor any Equityholder will be required to keep
confidential any information that (i) is known or available through
other lawful sources not known by the Company, the Stockholder
Representative or such Equityholder, as applicable, to be bound by
a confidentiality agreement with Parent; (ii) is or becomes
publicly known or generally known in the industry through no fault
of the Company, the Stockholder Representative, or the
Equityholders or their respective representatives; (iii) in
connection with an Action under this Agreement or any Related
Agreement (including in an indemnification claim or response to any
summons, subpoena or other legal process or formal or informal
investigative demand issued by or to the Shareholders in the course
of any litigation, arbitration, mediation, investigation or
administrative proceeding); (iv) relates to the Tax aspects and
consequences of the transactions contemplated by this Agreement;
(v) as part of a plan to announce the Transactions as agreed upon
by the parties hereto; or (vi) to the extent that such disclosure
or use is reasonably related to and required by an
Equityholder&#x2019;s performance of duties as a representative of
(or as otherwise assigned to such Equityholder by) any of the
Company, Parent, Surviving LLC or any of their respective
Affiliates. Notwithstanding anything to the contrary herein,
nothing in this Agreement shall restrict the Equityholders from
disclosing any information about the Transactions, this Agreement
and the Related Agreements to their representatives or family
members.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 36px;">
<font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px">
Section 9.6</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px"><a name="_Toc65851791"><!--anchor--></a><font style="text-decoration: underline">Entire
Agreement</font></font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; font-style: italic">.</font> This Agreement,
Annex A hereto, the Exhibits and Schedules hereto, the Disclosure
Schedule, the Related Agreements, and the documents and instruments
and other agreements among the parties hereto referenced herein
constitute the entire agreement among the parties hereto with
respect to the subject matter hereof and supersede all prior
agreements and understandings both written and oral, including,
without limitation, that certain Letter of Intent dated as of
October 21, 2020, among the parties with respect to the subject
matter hereof, and are not intended to confer upon any other person
any rights or remedies hereunder.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">60</font></div>
</div>
<div id="pb" style="text-align: center; margin-left: 0px; margin-right: 0px; margin-bottom: 6px; page-break-after: always; width: 100%; height: 1px; background-color: #000000">
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<div id="hdr">
<div style="text-align: right; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 36px;">
<font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px">
Section 9.7</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px"><a name="_Toc65851792"><!--anchor--></a><font style="text-decoration: underline">No Third Party
Beneficiaries</font></font><font style="font-family: Times New Roman; font-size: 13px">. Nothing in this
Agreement is intended to, or shall be construed to, confer upon any
other person any rights or remedies hereunder, except for the
Indemnified D&amp;Os and D&amp;O Indemnified Parties under
<font style="font-weight: bold">Section 4.6</font> and the
Indemnified Parties under <font style="font-weight: bold">Article
VII.</font></font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; text-indent: 36px; margin-right: 0px;"><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px;">
Section 9.8</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px"><a name="_Toc65851793"><!--anchor--></a><font style="text-decoration: underline">Specific
Performance</font></font><font style="font-family: Times New Roman; font-size: 13px">. The parties to
this Agreement agree that in the event of any breach or threatened
breach by the other party or parties hereto or any Equityholder of
any covenant, obligation or other agreement set forth in this
Agreement, each party and the Equityholders shall be entitled,
without any proof of actual damages (and in addition to any other
remedy that may be available to it by law or equity), to seek a
decree or order of specific performance or mandamus to enforce the
observance and performance of such covenant, obligation or other
agreement and seek an injunction preventing or restraining such
breach or threatened breach.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 36px;">
<font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px">
Section 9.9</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px"><a name="_Toc65851794"><!--anchor--></a><font style="text-decoration: underline">Severability</font></font><font style="font-family: Times New Roman; font-size: 13px">. In the event that
any provision of this Agreement or the application thereof, becomes
or is declared by a court of competent jurisdiction to be illegal,
void or unenforceable, the remainder of this Agreement will
continue in full force and effect and the application of such
provision to other persons or circumstances will be interpreted so
as reasonably to effect the intent of the parties hereto. The
parties further agree to replace such void or unenforceable
provision of this Agreement with a valid and enforceable provision
that will achieve, to the extent possible, the economic, business
and other purposes of such void or unenforceable
provision.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 36px;">
<font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px">
Section 9.10</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px"><a name="_Toc65851795"><!--anchor--></a><font style="text-decoration: underline">Governing
Law</font></font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; font-style: italic">.</font>
This Agreement shall be governed by and construed in accordance
with the laws of the State of Delaware regardless of the laws that
might otherwise govern under applicable principles of conflicts of
laws thereof.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; text-indent: 36px; margin-right: 0px;"><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px">
Section 9.11</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px"><a name="_Toc65851796"><!--anchor--></a><font style="text-decoration: underline">Exclusive
Jurisdiction</font></font><font style="font-family: Times New Roman; font-size: 13px">. Each of the
parties hereto irrevocably consents to the exclusive jurisdiction
and venue of the Court of Chancery of the State of Delaware in
connection with any matter based upon or arising out of this
Agreement, the Mergers and the other Transactions or any other
matters contemplated herein (or, only if the Court of Chancery of
the State of Delaware declines to accept jurisdiction over a
particular matter, any federal court within the State of Delaware).
Each party agrees not to commence any legal proceedings related
hereto except in such court (or, only if the Court of Chancery of
the State of Delaware declines to accept jurisdiction over a
particular matter, in any federal court within federal court within
the State of Delaware). By execution and delivery of this
Agreement, each party hereto and the Equityholders irrevocably and
unconditionally submit to the exclusive jurisdiction of such courts
and to the appellate courts therefrom solely for the purposes of
disputes arising under the this Agreement and not as a general
submission to such jurisdiction or with respect to any other
dispute, matter or claim whatsoever. The parties hereto and the
Equityholders irrevocably consent to the service of process out of
any of the aforementioned courts in any such action or proceeding
by the delivery of copies thereof by overnight courier to the
address for such party to which notices are deliverable hereunder.
Any such service of process shall be effective upon delivery.
Nothing herein shall affect the right to serve process in any other
manner permitted by applicable Legal Requirements. The parties
hereto and the Equityholders hereby waive any right to stay or
dismiss any action or proceeding under or in connection with this
Agreement brought before the foregoing courts on the basis of (a)
any claim that it is not personally subject to the jurisdiction of
the above-named courts for any reason, or that it or any of its
property is immune from the above-described legal process, or (b)
that such action or proceeding is brought in an inconvenient forum,
that venue for the action or proceeding is improper or that this
Agreement may not be enforced in or by such courts.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 36px;">
<font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px">
Section 9.12</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px"><a name="_Toc65851797"><!--anchor--></a><font style="text-decoration: underline">Waiver of Jury
Trial</font></font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; font-style: italic">.</font> EACH OF THE
PARTIES HERETO HEREBY IRREVOCABLY WAIVES ALL RIGHT TO TRIAL BY JURY
AND ANY ACTION, PROCEEDING OR COUNTERCLAIM (WHETHER BASED ON
CONTRACT, TORT, OR OTHERWISE) ARISING OUT OF OR RELATING TO THIS
AGREEMENT OR THE ACTIONS OF ANY PARTY HERETO IN NEGOTIATION,
ADMINISTRATION, PERFORMANCE OR ENFORCEMENT HEREOF.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 36px;">
<font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px">
Section 9.13</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px"><a name="_Toc65851798"><!--anchor--></a><font style="text-decoration: underline">Counterparts</font></font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; font-style: italic">.</font> This Agreement may
be executed in one or more counterparts, all of which shall be
considered one and the same agreement and shall become effective
when one or more counterparts have been signed by each of the
parties and delivered to the other party, it being understood that
all parties need not sign the same counterpart. The exchange of a
fully executed Agreement (in counterparts or otherwise) by
facsimile, electronic transmission in PDF or any electronic
signature complying with the U.S. federal ESIGN Act of 2000, e.g.,
www.docusign.com format shall be sufficient to bind the parties to
the terms and conditions of this Agreement.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; text-indent: 36px; margin-right: 0px;"><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px">
Section 9.14</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px"><a name="_Toc65851799"><!--anchor--></a><font style="text-decoration: underline">Non-Recourse</font></font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; font-style: italic">.</font> All claims or
causes of action (whether in contract or in tort, at law or in
equity) that may be based upon, arise out of or relate to this
Agreement or the Related Agreements, or the negotiation, execution
or performance of this Agreement or the Related Agreements
(including any representation or warranty made in or in connection
with this Agreement or the Related Agreements or as an inducement
to enter into this Agreement or the Related Agreements) may be made
only against the entities that are expressly identified as parties
hereto and thereto. Except to the extent named as a party to this
Agreement or any Related Agreements (then only to the extent of the
specific obligations of such parties set forth in this Agreement or
such Related Agreements), no Affiliate of Parent (except the Merger
Subs), the Stockholder Representative, the Equityholders or the
Company shall have any liability (whether in contract or in tort,
in law or in equity, or based upon any theory that seeks to impose
liability of an entity party against its owners or affiliates) for
any obligations or liabilities arising under, in connection with or
related to this Agreement or such other Related Agreement or any
transactions contemplated hereby or thereby or for any claim based
on, in respect of, or by reason of this Agreement or such other
Related Agreement (as the case may be), the transactions
contemplated hereby and thereby or the negotiation or execution
hereof or thereof; and each party hereto waives and releases all
such liabilities, claims and obligations against any Affiliate of
the Company, the Equityholders, the Stockholder Representative or
Parent (except for the Merger Subs). The Affiliates of the Company,
the Equityholders, the Stockholder Representative and Parent are
expressly intended as third party beneficiaries of this provision
of this <font style="font-weight: bold">Section 9.14</font>. For
the avoidance of doubt, this <font style="font-weight: bold">Section 9.14</font> shall not limit any
remedies available to any Person under the Non-Disclosure
Agreement.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">61</font></div>
</div>
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<div id="hdr">
<div style="text-align: right; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px;">
Section 9.15</font><font id="tab2" style="letter-spacing: 12px;">&#xA0;</font><font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px"><a name="_Toc65851800"><!--anchor--></a><font style="text-decoration: underline">Attorney-Client
Privilege</font></font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-size: 13px">. Each of the parties acknowledges and agrees, on
its own behalf and on behalf of its Affiliates, that the Company is
a client of Procopio, Cory, Hargreaves &amp; Savitch LLP
(&#x201C;PCHS&#x201D;) and that PCHS has represented the Company
and/or one or more Equityholders in connection with this Agreement
and the Transactions contemplated hereby. After the Closing, it is
possible that PCHS will represent one or more of the Stockholder
Representative and/or the Equityholders and/or the
Equityholders&#x2019; Affiliates (individually and collectively, the
&#x201C;Seller Group&#x201D;) in connection with a variety of
matters, including matters adverse or potentially adverse to the
interests of the Company, Surviving LLC, Parent or an Affiliate or
direct or indirect equityholder of Parent. Each of the parties
hereby agrees that PCHS (or any successor) may serve as counsel to
all or a portion of the Seller Group in connection with any matter
arising from or relating to this Agreement, any document, agreement
or instrument entered into or delivered in connection herewith or
the Transactions contemplated hereby and thereby after the date
hereof. Each of the parties hereto consents to such representation,
and waives any conflict of interest arising therefrom. Each of the
parties acknowledges that such consent and waiver is voluntary,
that it has been carefully considered, and that the parties have
consulted with counsel in connection herewith. Notwithstanding the
Mergers, Parent and the Merger Subs (including in the capacity as
the Surviving Corporation and Surviving LLC) agree that they shall
not have the right to assert the attorney/client privilege as to
pre-Closing communications between any member of the Seller Group
or the Company (for the Company, only with respect to pre-Closing
communications), on one hand, and its counsel, PCHS, on the other
hand, to the extent that the privileged communications relates in
substantial part to this Agreement, the documents, instruments, or
other deliverables contemplated hereby or delivered in connection
herewith the Transactions contemplated hereby and thereby. The
parties agree that only the Seller Group shall be entitled to
assert such attorney/client privilege in connection with such
communications following the Closing. Such privileged portions of
the files generated and maintained by PCHS in connection with the
representation by PCHS of the Company with respect to this
Agreement, the documents, instruments, or other deliverables
contemplated hereby or delivered in connection herewith, and the
Transactions contemplated hereby and thereby shall remain the
exclusive property of the Seller Group. Parent and the Merger Subs
further acknowledge and agree that the Seller Group is not waiving,
and will not be deemed to have waived or diminished, any of its
attorney work product protections, attorney-client privileges or
similar protections and privileges with respect to email that was
sent to or received from (as applicable) PCHS, including all
attachments to such sent or received emails solely in their
capacity as attachments to such emails, stored in any digital
format on any device at any location under the control of the
Company or its successors.</font> <font style="font-size: 13px;">Notwithstanding the foregoing, in the event that
a dispute arises between Parent, the Merger Subs, and the Company,
on the one hand, and a Person other than a party to this Agreement
or the Seller Group, on the other hand, after the Closing, the
Surviving LLC may assert the attorney-client privilege to prevent
disclosure to such third-party of confidential communications by
PCHS to the Company.</font> <font style="font-family: Times New Roman;">&#xA0;&#xA0;</font></font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">62</font></div>
</div>
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<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">IN
WITNESS WHEREOF, Parent, Merger Sub I, Merger Sub II, the Company
and the Stockholder Representative have caused this Agreement to be
executed as of the date first written above.</font></div>
<div style="text-align: left; margin-left: 288px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px;">
CREXENDO, INC.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="display: table; margin-left: 288px">
<div style="display: table-row">
<div style="display: table-cell; width: 306px"><font style="font-family: Times New Roman; font-size: 13px">By:&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font>
<font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px;">
/s/ Steven G. Mihaylo</font></div>
</div>
</div>
<div style="text-align: left; margin-left: 324px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;">Name:
Steven G. Mihaylo</font></div>
<div style="text-align: left; margin-left: 324px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;">Title:
Chief Executive Officer</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 288px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px;">
CREXENDO MERGER SUB, INC.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="display: table; margin-left: 288px">
<div style="display: table-row">
<div style="display: table-cell; width: 306px"><font style="font-family: Times New Roman; font-size: 13px">By: &#xA0;
&#xA0;&#xA0;</font> <font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px;">
/s/ Doug Gaylor</font></div>
</div>
</div>
<div style="text-align: left; margin-left: 324px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;">Name:
Doug Gaylor</font></div>
<div style="text-align: left; margin-left: 324px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;">Title:
President</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 288px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px;">
CREXENDO MERGER SUB, LLC</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="display: table; margin-left: 288px">
<div style="display: table-row">
<div style="display: table-cell; width: 306px"><font style="font-family: Times New Roman; font-size: 13px">By:&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font>
<font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px;">
/s/ Doug Gaylor</font></div>
</div>
</div>
<div style="text-align: left; margin-left: 324px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;">Name:
Doug Gaylor</font></div>
<div style="text-align: left; margin-left: 324px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;">Title:
President</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-style: italic; font-family: Times New Roman; font-size: 13px;">
[Signature Page to the Merger Agreement]</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<div id="ftr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">63</font></div>
</div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">IN
WITNESS WHEREOF, Parent, Merger Sub I, Merger Sub II, the Company
and the Stockholder Representative have caused this Agreement to be
executed as of the date first written above.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 288px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px;">
NETSAPIENS, INC.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="display: table; margin-left: 288px">
<div style="display: table-row">
<div style="display: table-cell; width: 306px"><font style="font-family: Times New Roman; font-size: 13px">By:&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font><font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px;">/s/
Anand Buch</font></div>
</div>
</div>
<div style="text-align: left; margin-left: 324px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;">Name:
Anand Buch</font></div>
<div style="text-align: left; margin-left: 324px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;">Title:
Chief Executive Officer</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-style: italic; font-family: Times New Roman; font-size: 13px;">
[Signature Page to the Merger Agreement]</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">64</font></div>
</div>
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<div id="hdr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px;">IN
WITNESS WHEREOF, Parent, Merger Sub I, Merger Sub II, the Company
and the Stockholder Representative have caused this Agreement to be
executed as of the date first written above.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 288px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px;">
DAVID WANG,</font></div>
<div style="text-align: left; margin-left: 288px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;">solely
in its capacity as the Stockholder Representative</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="display: table; margin-left: 288px">
<div style="display: table-row">
<div style="display: table-cell; width: 306px"><font style="font-family: Times New Roman; font-size: 13px">By:&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font>
<font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px;">
/s/ David Wang</font></div>
</div>
</div>
<div style="text-align: left; margin-left: 324px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;">David
Wang</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-style: italic; font-family: Times New Roman; font-size: 13px;">
[Signature Page to the Merger Agreement]</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px;">
ANNEX A</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px;">
CERTAIN DEFINED TERMS</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Accrued Employee Amounts&#x201D;</font>
shall mean any line items listed on <font style="font-weight: bold">Schedule D.</font></font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Acceptable Confidentiality
Agreement&#x201D;</font> means a confidentiality agreement that is
in a form reasonably acceptable to the Company and Parent, it being
understood that such an agreement in substantially the form of the
Non-Disclosure Agreement (in each case, except for such changes
specifically necessary in order for the Company to be able to
comply with its obligations under this Agreement and such
non-material changes requested by the counterparty to ensure the
confidentiality agreement is consistent with its
organization&#x2019;s customary policies, procedures and practices
with respect to confidentiality agreements), or such an agreement
which is no less restrictive than the Non-Disclosure Agreement,
shall be considered a form acceptable to the Company and
Parent.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#xA0;&#x201C;Action&#x201D;</font> shall mean
any action, suit, claim, complaint, litigation, investigation,
audit, proceeding, arbitration or other similar dispute by or
before a Governmental Entity.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;ADA&#x201D;</font> shall have the meaning
assigned to it in <font style="font-weight: bold">Section
2.16(a)</font>.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Adjustment Amount&#x201D;</font> shall
mean an amount equal to the sum of (a) Net Working Capital
<font style="font-style: italic">minus</font> Net Working Capital
Target (which may be a positive or negative number), <font style="font-style: italic">plus</font> (b) Closing Cash <font style="font-style: italic">minus</font> Estimated Closing
Cash.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#xA0;&#x201C;Affiliate&#x201D;</font> of any
Person shall mean another Person that directly or indirectly
through one or more intermediaries controls, is controlled by or is
under common control with, such first Person.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Aggregate Closing Merger
Consideration&#x201D;</font> shall mean (a) Aggregate Merger
Consideration, <font style="font-style: italic">plus</font> (b) the
Aggregate Exercise Price, <font style="font-style: italic">minus</font> (c) the Transaction Expenses,
<font style="font-style: italic">minus</font> (d) Closing
Indebtedness Paid-off Amount.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#xA0;&#x201C;Aggregate Exercise
Price</font>&#x201D; means the aggregate exercise price of all
Participating Options, Cashed-Out Options, Assumed Options and
Company Warrants.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#xA0;&#x201C;Aggregate Merger
Consideration&#x201D;</font> shall mean (a) Base Merger
Consideration, <font style="font-style: italic">plus</font> (b) Net
Working Capital <font style="font-style: italic">minus</font> Net
Working Capital Target, <font style="font-style: italic">plus</font> (c) the Closing Cash.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#xA0;</font>&#x201C;<font style="font-weight: bold">Aggregate Value of Exchange
Options&#x201D;</font> shall mean (a) the gross value of the
Exchange Options, calculated as the product of the Exchange Options
multiplied by the Parent Trading Price, <font style="font-style: italic">minus</font> (b) the aggregate exercise price
of the Exchange Options, as set forth on the
Spreadsheet.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Agreement&#x201D;</font> shall have the
meaning assigned to it in the <font style="font-weight: bold">preamble to the Recitals.</font></font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Anti-Discrimination Laws&#x201D;</font>
shall have the meaning assigned to it in <font style="font-weight: bold">Section 2.16(b)</font>.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Acquisition Proposal&#x201D;</font> shall
have the meaning assigned to it in <font style="font-weight: bold">Section 4.10</font>.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Assumed Option&#x201D;</font> shall have
the meaning assigned to it in <font style="font-weight: bold">Section 1.6(c)(ii)</font>.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Balance Sheet Date&#x201D;</font> shall
have the meaning assigned to it in <font style="font-weight: bold">Section 2.6(a)</font>.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Base Cash Merger
Consideration&#x201D;</font> shall mean an amount of cash equal to
$10,000,000.00.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Base Merger Consideration&#x201D;</font>
shall mean an amount equal to $50,000,001.00.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Base Stock Merger
Consideration&#x201D;</font> shall mean a number of shares of Parent
Common Stock equal to the quotient of dividing $40,000,001.00 by
the Parent Trading Price.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">66</font></div>
</div>
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<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Behavioral Data&#x201D;</font> shall mean
any behavioral, browsing, usage, purchase, interest-based,
demographic or other information attributable to a
Person.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Books and Records&#x201D;</font> shall
have the meaning assigned to it in <font style="font-weight: bold">Section 2.21.</font></font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Business Day&#x201D;</font> shall mean
each day that is not a Saturday, Sunday or other day on which
banking institutions located in Phoenix, Arizona are authorized or
obligated by law or executive order to close.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;CARES Act&#x201D;</font> shall mean the
Coronavirus Aid, Relief, and Economic Security Act (P.L. 116-136),
enacted March 27, 2020.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Cashed-Out Option&#x201D;</font> shall
have the meaning assigned to it in <font style="font-weight: bold">Section 1.6(c)(iii)</font>.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Certificate of
Incorporation&#x201D;</font> shall have the meaning assigned to it
in <font style="font-weight: bold">Section 2.1</font>.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Certificates of Merger&#x201D;</font>
shall mean, collectively, the First Certificate of Merger and the
Second Certificate of Merger.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Charter Documents&#x201D;</font> shall
have the meaning assigned to it in <font style="font-weight: bold">Section 2.1</font>.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Closing&#x201D;</font> shall have the
meaning assigned to it in <font style="font-weight: bold">Section
1.2(a)</font>.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Closing Cash&#x201D;</font> shall mean
the aggregate amount (without duplication and which cannot be a
negative number) of any unrestricted cash and cash equivalents of
the Company and its Subsidiaries as of immediately prior to the
First Effective Time, including all deposits in transit or amounts
held for deposit that have not yet cleared, other wire transfers
and drafts deposited or received and available for deposit but
excluding outstanding checks or other negotiable instruments used
like checks of the Company and its Subsidiaries including all
deposits in transit or amounts held for deposit that have not yet
cleared, other wire transfers and drafts deposited or received and
available for deposit but excluding amounts subject to outstanding
checks.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Closing Cash Merger
Consideration&#x201D;</font> shall mean the Base Cash Merger
Consideration <font style="font-style: italic">minus</font> (a) the
Transaction Expenses, (b) the Closing Indebtedness Paid-off Amount,
(c) the cash payment for any fractional interest pursuant to
<font style="font-weight: bold">Section 1.6(b)(ii)</font>, (d) the
Special Indemnification Escrow Amount and (e) the PPP Loan Escrow
Amount, as set forth on the Spreadsheet.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Closing Date&#x201D;</font> shall have
the meaning assigned to it in <font style="font-weight: bold">Section 1.2(a)</font>.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Closing Financial
Information&#x201D;</font> shall mean the Aggregate Merger
Consideration, the Aggregate Closing Merger Consideration, the cash
payment pursuant to <font style="font-weight: bold">Section
1.6(b)(ii),</font> the Closing Indebtedness Paid-off Amount, the
Transaction Expenses amount, the Stockholder Representative Expense
Fund amount, the Closing Cash Merger Consideration and the Closing
Stock Merger Consideration.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Closing Indebtedness&#x201D;</font> shall
mean the aggregate amount (without duplication) of all outstanding
Indebtedness (including principal and accrued and unpaid interest)
of the Company and its Subsidiaries as of immediately prior to the
Closing, including any termination, pre-payment or balloon or
similar penalties or premiums that are paid or become payable as a
result of the full repayment and retirement of such Indebtedness
immediately following the First Effective Time (including, for the
avoidance of doubt, all outstanding convertible promissory notes
that are not converted into shares of Company Capital Stock prior
to the First Effective Time).</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Closing Indebtedness Paid-off
Amount&#x201D;</font> shall have the meaning assigned to it in
<font style="font-weight: bold">Section 1.8(a)(iv)</font> and shall
equal to Closing Indebtedness <font style="font-style: italic">minus</font> the PPP Loan Escrow Amount
<font style="font-style: italic">minus</font> any amount due under
the Telecom Investment Note that is paid off by the issuance of
shares of Parent Common Stock at the Closing.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Closing Stock Merger
Consideration&#x201D;</font> shall mean the Base Stock Merger
Consideration <font style="font-style: italic">plus</font> (a) the
Net Working Capital <font style="font-style: italic">minus</font>
Net Working Capital Target (which may be a positive or a negative
number), <font style="font-style: italic">plus</font> (b) the
Closing Cash, <font style="font-style: italic">minus</font> (c) the
Aggregate Value of Exchange Options, <font style="font-style: italic">minus</font> (d) the Indemnity Escrow Amount,
<font style="font-style: italic">minus</font> (e) the Purchase
Price Adjustment Escrow Amount, as set forth on the
Spreadsheet.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Closing Statement Dispute
Notice&#x201D;</font> shall have the meaning assigned to it in
<font style="font-weight: bold">Section 1.9(d)</font>.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;COBRA&#x201D;</font> shall mean the
Consolidated Omnibus Budget Reconciliation Act of 1985, as
amended.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Code&#x201D;</font> shall mean the
Internal Revenue Code of 1986, as amended.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<div id="ftr">
<div style="text-align: left; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">67</font></div>
</div>
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<div id="hdr">
<div style="text-align: right; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Company&#x201D;</font> shall have the
meaning assigned to it in <font style="font-weight: bold">the
Preamble to the</font> <font style="font-weight: bold">Recitals</font>.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Company Acquisition
Agreement&#x201D;</font> shall have the meaning assigned to it in
<font style="font-weight: bold">Section
4.10(a)</font>.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Company Adverse Recommendation
Change&#x201D;</font> shall have the meaning assigned to it in
<font style="font-weight: bold">Section 4.9(d)</font>.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Company Authorizations&#x201D;</font>
shall have the meaning assigned to it in <font style="font-weight: bold">Section 2.17</font>.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Company Capital Stock&#x201D;</font>
shall mean the capital stock of the Company. As of the date of this
Agreement and of the Closing, the only class of Company Capital
Stock outstanding is Company Common Stock.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Company Common Stock&#x201D;</font> shall
mean the common stock of the Company, par value $0.001 per
share.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Company Contract&#x201D;</font> shall
mean any Contract to which the Company or any of its Subsidiaries
is or was a party or by which the Company or any of its
Subsidiaries is or was bound.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Company Convertible Notes&#x201D;</font>
shall mean Indebtedness of the Company which is convertible into
Company Capital Stock in accordance with its terms.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#xA0;&#x201C;Company Employee
Plan&#x201D;</font> shall mean any plan, program, policy, practice,
Contract or other arrangement providing for compensation,
severance, termination indemnity, change of control, termination
pay, deferred compensation, profit sharing, performance awards,
equity or equity-related awards, retirement benefits, welfare
benefits, health benefits or medical, dental, vision, disability,
accident or life insurance benefits, Code Section 125 pre-tax
benefits, fringe benefits, perquisites or other employee benefits
or remuneration of any kind, and any other plans, programs or
arrangements similar to the foregoing, whether written, unwritten
or otherwise, funded or unfunded, including each &#x201C;employee
benefit plan,&#x201D; within the meaning of Section 3(3) of ERISA
which is or has been maintained, sponsored, contributed to or
required to be contributed to by the Company or any of its
Subsidiaries for the benefit of any current or former Employee (or
any dependent thereof), or with respect to which the Company or any
of its Subsidiaries has or may have any liability or
obligation.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Company Health Plan</font>&#x201D; shall have
the meaning assigned to it in <font style="font-weight: bold">Section 2.15(g)</font>.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Company Indemnifying Party&#x201D;</font>
and <font style="font-weight: bold">&#x201C;Company Indemnifying
Parties&#x201D;</font> shall have the meaning assigned to them in
<font style="font-weight: bold">Section 7.2(a).</font></font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#xA0;&#x201C;Company IP&#x201D;</font> shall
mean any and all Intellectual Property Rights and Intellectual
Property that are owned by, or purported to be owned by, the
Company or any of its Subsidiaries.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Company IP Contract&#x201D;</font> shall
mean<font style="font-weight: bold">&#xA0;</font>any Company
Contract that contains any assignment or license of, or any
covenant not to assert or enforce, any Company IP.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Company IT Assets&#x201D;</font> shall
have the meaning assigned to it in <font style="font-weight: bold">Section 2.13(k)</font>.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Company Material Adverse
Effect&#x201D;</font> shall mean any<font style="font-weight: bold">&#xA0;</font>change, event, circumstance,
condition or effect (regardless of whether or not such change,
event, circumstance, condition or effect is inconsistent with the
representations or warranties made by the Company in this
Agreement) that, individually or in the aggregate, taking into
account all other changes, events, circumstances, conditions or
effects, has or would reasonably be likely to be materially adverse
to the condition (financial or otherwise), properties, products,
assets (including intangible assets), liabilities, business,
operations, results of operations or prospects of the Company and
its Subsidiaries, taken as a whole, except to the extent that any
such change, event, circumstance, condition or effect results from
(i) the outbreak or escalation of war, hostilities or terrorist
activities in any jurisdiction in which the Company and its
Subsidiaries have material operations; (ii) changes in any
applicable Legal Requirements or regulations or GAAP or other
accounting standards (or the interpretation thereof) applicable to
the Company or its Subsidiaries; (iii) changes or conditions
affecting the industry or markets in which the Company have
material operations; (iv) any earthquake, hurricane, tornado or
other natural disaster or pandemic (including COVID-19) in any
jurisdiction in which the Company and its Subsidiaries have
material operations including any worsening thereof (including with
respect to COVID-19); (v) conditions generally affecting the United
States economy or credit, securities, currency, financial, banking
or capital markets (including any disruption thereof and any
decline in the price of any security or any market index) in the
United States or elsewhere in the world; (vi) the taking of any
action contemplated by this Agreement and the Related Agreements
contemplated hereby, including the completion and announcement of
the Transactions or any actions taken by Parent or Merger Subs
following the execution and delivery of this Agreement or the
Closing; and (vii) the taking of any action approved or consented
to in writing by Parent; <font style="font-style: italic">provided,
however,</font> that such changes in (i) &#x2014; (v) do not have a
disproportionate effect on the Company or its Subsidiaries (and, in
which case, only the incremental disproportionate impact may be
taken into account in determining whether there has been a Company
Material Adverse Effect).</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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</div>
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<div id="hdr">
<div style="text-align: right; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Company Options&#x201D;</font> shall mean
all issued and outstanding options to purchase or otherwise acquire
Company Common Stock (whether or not vested) held by any
Person.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Company Principal
Stockholder&#x201D;</font> shall mean each of Anand Buch, David
Wang, and Jim Murphy.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Company Privacy Policy&#x201D;</font>
shall mean each external, past or present privacy policy of the
Company or any of its Subsidiaries.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Company Private Data Processing
Contract&#x201D;</font> shall mean any Company Contract that relates
to the collection, use, disclosure, transfer, transmission,
storage, hosting, disposal, retention, interception or other
processing of Private Data.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Company Product&#x201D;</font> shall mean
each product (including software and databases) or service,
licensed-out or sold by or on behalf of the Company or any of its
Subsidiaries.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#xA0;&#x201C;Company Site&#x201D;</font> means
www.netsapiens.com.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Company Software&#x201D;</font> shall
mean any Software (including Software that is Company IP or
Licensed IP), that is embedded in, or used in the delivery, hosting
or distribution of, any Company Products, including any such
Software that is used to collect, transfer, transmit, store, host
or otherwise process Private Data.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Company Stock Certificates&#x201D;</font>
shall have the meaning assigned to it in <font style="font-weight: bold">Section 1.8(c)</font>.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Company Stockholder
Approval&#x201D;</font> shall the meaning assigned to it in
<font style="font-weight: bold">Section 2.2</font>.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Company Warrants&#x201D;</font> shall
mean all issued and outstanding warrants to purchase or otherwise
acquire Company Common Stock held by any Person.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Conflict&#x201D;</font> shall have the
meaning assigned to it in <font style="font-weight: bold">Section
2.3</font>.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Contract&#x201D;</font> shall mean any
contract, statement of work, mortgage, indenture, lease, license,
covenant, plan, insurance policy or other agreement, instrument,
arrangement, understanding or commitment, permit, concession,
franchise, license or obligation, whether written or
oral.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Contributing Equityholders&#x201D;</font>
shall have the meaning assigned to it in <font style="font-weight: bold">Section 1.6(g)</font>.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;COVID-19&#x201D;</font> shall mean
SARS-CoV-2 or COVID-19, and any natural evolutions thereof or
related or associated epidemics, pandemics or disease outbreaks
thereof.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;COVID-19 Measures&#x201D;</font> shall
mean any quarantine, &#x201C;shelter in place,&#x201D; &#x201C;stay at
home,&#x201D; workforce reduction, social distancing, shut down,
closure, sequester or any other Legal Requirement, Order or
directive by any Governmental Entity in connection with or in
response to COVID-19, including the CARES Act.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Current Balance Sheet&#x201D;</font>
shall have the meaning assigned to it in <font style="font-weight: bold">Section 2.6(a).</font></font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;D&amp;O Policy&#x201D;</font> shall have
the meaning assigned to it in <font style="font-weight: bold">Section 4.6</font>.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Delaware Law&#x201D;</font> shall mean
the General Corporation Law of the State of Delaware.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Designated Accounting Firm&#x201D;</font>
shall mean Moss Adams LLP, or if Moss Adams LLP is unavailable, an
independent certified public accounting firm of nationally
recognized standing to be mutually agreed by the
parties.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Determination Time</font>&#x201D; shall mean
12:01 a.m. Pacific Time on the Closing Date.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<div style="text-align: right; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Disclosure Schedule&#x201D;</font> shall
have the meaning assigned to it in the <font style="font-weight: bold">preamble to Article II.</font></font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Disclosure Updates&#x201D;</font> shall
have the meaning assigned to it in <font style="font-weight: bold">Section 4.9(c)(ii).</font></font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;DOL&#x201D;</font> shall mean the United
States Department of Labor.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#xA0;</font>&#x201C;<font style="font-weight: bold">End Date</font>&#x201D; shall have the meaning
assigned to it in <font style="font-weight: bold">Section
8.2(a)</font>.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Employee&#x201D;</font> shall mean any
employee of the Company or any of its Subsidiaries.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Employee Optionholders&#x201D;</font> shall have
the meaning assigned to it in <font style="font-weight: bold">Section 1.8(b)(i)</font>.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Enforceability Limitations&#x201D;</font>
shall have the meaning assigned to it in <font style="font-weight: bold">Section 2.1</font>.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Environmental Laws&#x201D;</font> shall
mean<font style="font-weight: bold">&#xA0;</font>any applicable law
of, and any Order or binding agreement with, any Governmental
Entity: (a) regulating pollution (or the cleanup thereof) or the
protection of natural resources, endangered or threatened species,
human health or safety, or the environment (including ambient air,
soil, surface water or groundwater, or subsurface strata); or (b)
regulating the presence of, exposure to, or the management,
manufacture, use, containment, storage, recycling, reclamation,
reuse, treatment, generation, discharge, transportation,
processing, production, disposal or remediation of any Hazardous
Substances. The term &#x201C;<font style="font-weight: bold">Environmental Law</font>&#x201D; includes,
without limitation, the following (including their implementing
regulations and any state analogs): the Comprehensive Environmental
Response, Compensation, and Liability Act of 1980, as amended by
the Superfund Amendments and Reauthorization Act of 1986, 42 U.S.C.
&#xA7;&#xA7; 9601 et seq.; the Solid Waste Disposal Act, as amended
by the Resource Conservation and Recovery Act of 1976, as amended
by the Hazardous and Solid Waste Amendments of 1984, 42 U.S.C.
&#xA7;&#xA7; 6901 et seq.; the Federal Water Pollution Control Act
of 1972, as amended by the Clean Water Act of 1977, 33 U.S.C.
&#xA7;&#xA7; 1251 et seq.; the Toxic Substances Control Act of
1976, as amended, 15 U.S.C. &#xA7;&#xA7; 2601 et seq.; the
Emergency Planning and Community Right-to-Know Act of 1986, 42
U.S.C. &#xA7;&#xA7; 11001 et seq.; the Clean Air Act of 1966, as
amended by the Clean Air Act Amendments of 1990, 42 U.S.C.
&#xA7;&#xA7; 7401 et seq.; and the Occupational Safety and Health
Act of 1970, as amended, 29 U.S.C. &#xA7;&#xA7; 651 et
seq.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Equityholder&#x201D;</font> shall mean
any holder of Company Capital Stock, Company Options or Company
Warrants, in each case, as of immediately prior to the First
Effective Time.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Equityholder Indemnified
Party&#x201D;</font> and <font style="font-weight: bold">&#x201C;Equityholder Indemnified
Parties&#x201D;</font> shall have the meaning assigned to them in
<font style="font-weight: bold">Section 7.2(b).</font></font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;ERISA&#x201D;</font> shall mean the
Employee Retirement Income Security Act of 1974, as
amended.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Escrow Agent&#x201D;</font> means Western
Alliance Bank.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Escrow Agreement&#x201D;</font>
shall<font style="font-weight: bold">&#xA0;</font>have the meaning
assigned to it in <font style="font-weight: bold">Section
1.6(e)</font>.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Escrow Agreements&#x201D;</font> shall
mean each of the Escrow Agreement and the PPP Escrow
Agreement.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Escrow Cash&#x201D;</font> shall mean the
amount of cash deposited in the PPP Loan Escrow Fund and the
Special Indemnification Escrow Fund pursuant to <font style="font-weight: bold">Section 1.6(e)</font> at the
Closing.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Escrow Fund&#x201D;</font> shall mean
each of the Indemnity Escrow Fund, the Purchase Price Adjustment
Escrow Fund, the Special Indemnification Escrow Fund or the PPP
Loan Escrow Fund.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-family: Times New Roman">&#x201C;</font><font style="font-weight: bold; font-family: Times New Roman">Escrow Pro Rata
Portion&#x201D;</font> shall mean with respect to each Contributing
Equityholder</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">(other
than holders of Cancelled Shares solely in their capacities as
such), an amount equal to the quotient obtained by <font style="font-style: italic; font-family: Times New Roman">dividing</font>
(x) the portion of the Aggregate Closing Merger Consideration
received by such holder in respect of the shares of Company Capital
Stock owned by such holder owned by such holder, as applicable
(including cash withheld in respect of Taxes), as of immediately
prior to the First Effective Time, <font style="font-style: italic; font-family: Times New Roman">by</font> (y)
the portion of the Aggregate Closing Merger Consideration received
by all Contributing Equityholders (including cash withheld in
respect of Taxes), as set forth on the Spreadsheet.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">70</font></div>
</div>
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<div id="hdr">
<div style="text-align: right; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Estimated Losses&#x201D;</font> shall
have the meaning assigned to it in <font style="font-weight: bold">Section 4.9(c)(iii)</font>.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Estimated Closing
Statement&#x201D;</font> shall have the meaning assigned to it in
<font style="font-weight: bold">Section 1.9(a).</font></font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Estimated Closing Cash&#x201D;</font>
shall have the meaning assigned to it in <font style="font-weight: bold">Section 1.9(a)</font>, which cannot be a
negative number.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Escrow Shares&#x201D;</font> shall mean
the shares of Parent Common Stock deposited in the Indemnity Escrow
Fund and the Purchase Price Adjustment Escrow Fund pursuant to
<font style="font-weight: bold">Section 1.6(e)</font> at the
Closing.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#xA0;&#x201C;Estimated Net Working
Capital&#x201D;</font> shall have the meaning assigned to it in
<font style="font-weight: bold">Section 1.9(a)</font>.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Evidence of Company Actions Taken
Regarding Company Options and Company Warrants&#x201D;</font> shall
have the meaning assigned to it in <font style="font-weight: bold">Section 1.6(c)(v)</font>.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Expense Reimbursement&#x201D;</font>
shall mean the total actual third-party expenses incurred by Parent
or the Company, as the case may be, to effect the Mergers from the
date when the parties entered into a non-binding letter of intent
regarding the Mergers to the termination.</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Excess Amount&#x201D;</font> shall have
the meaning assigned to it in <font style="font-weight: bold">Section 1.9(d).</font></font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Exchange Act&#x201D;</font> shall mean
the Securities Exchange Act of 1934, as amended.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Exchange Documents&#x201D;</font> shall
have the meaning assigned to it in <font style="font-weight: bold">Section 1.8(c).</font></font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Exchange Options</font>&#x201D; shall mean
options to purchase Parent Common Stock issued under Parent&#x2019;s
equity incentive plans and pursuant to <font style="font-weight: bold">Section 1.6(c)(ii)</font>.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Exchange Ratio&#x201D;</font> shall mean
the quotient obtained by dividing (a) the Gross Per Share Merger
Consideration by (b) the Parent Trading Price.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Expiration Date&#x201D;</font> shall have
the meaning assigned to it in <font style="font-weight: bold">Section 7.1.</font></font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Export Approvals&#x201D;</font> shall
have the meaning assigned to it in <font style="font-weight: bold">Section 2.20(b)</font>.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;FCPA&#x201D;</font> shall have the
meaning assigned to it in <font style="font-weight: bold">Section
2.20(c)</font>.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;FEHA&#x201D;</font> shall have the
meaning assigned to it in <font style="font-weight: bold">Section
2.16(a)</font>.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;FFCRA&#x201D;</font> shall have the
meaning assigned to it in <font style="font-weight: bold">Section
2.16(a)</font>.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Final Closing Statement&#x201D;</font>
shall have the meaning assigned to it in <font style="font-weight: bold">Section 1.9(c).</font></font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Financials&#x201D;</font> shall have the
meaning assigned to it in <font style="font-weight: bold">Section
2.6(a).</font></font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;First Certificate of
Merger&#x201D;</font> shall mean<font style="font-weight: bold">&#xA0;</font>a certificate of merger in
substantially the form attached hereto as <font style="font-weight: bold; text-decoration: underline">Exhibit&#xA0;B-1</font>.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;First Effective Time&#x201D;</font> shall
have the meaning assigned to it in <font style="font-weight: bold">Section 1.2(b).</font></font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;First Merger&#x201D;</font> shall have
the meaning assigned to it in the <font style="font-weight: bold">Recitals.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">71</font></div>
</div>
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<div id="hdr">
<div style="text-align: right; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Fraud&#x201D;</font> shall mean (i) with
respect to the Company, the actual fraud perpetrated by the
executive officers of the Company (Anand Buch, David Wang, and/or
Jim Murphy) with the intent to deceive Parent in connection with
the Transaction that is relied upon by Parent to its detriment; and
(ii) with respect to the Parent or Merger Subs, the actual fraud
perpetrated by the executive officers of Parent (Steven Mihaylo,
Doug Gaylor, and Ron Vincent) with the intent to deceive the
Company or the Equityholders in connection with the Transaction
that is relied upon by the Company or the Equityholders to their
detriment.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Fundamental
Representations&#x201D;</font> shall mean representations and
warranties of the Company set forth in <font style="font-weight: bold">Section 2.1(a)</font> <font style="font-style: italic">(Organization and Good Standing),</font>
<font style="font-weight: bold">Section 2.2</font> <font style="font-style: italic">(Authority and Enforceability),</font>
<font style="font-weight: bold">Section 2.5(a)</font> <font style="font-style: italic">(Company Capital Structure),</font>
<font style="font-weight: bold">Section 2.6(a)</font> <font style="font-style: italic">(Company Subsidiaries),</font> <font style="font-weight: bold">Section 2.10</font> <font style="font-style: italic">(Taxes),</font> and the first sentence of
<font style="font-weight: bold">Section 2.23</font> <font style="font-style: italic">(Brokers&#x2019; Fees).</font></font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;GAAP&#x201D;</font> shall mean United
States generally accepted accounting principles, consistently
applied.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;GDPR&#x201D;</font> shall have the
meaning assigned to it in <font style="font-weight: bold">Section
2.13(t).</font></font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Governmental Entity&#x201D;</font> shall
mean any court, administrative agency, entity or commission or
other federal, state, county, local, regional or other foreign
governmental authority, instrumentality, agency, entity or
commission.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Gross Per Share Merger
Consideration</font>&#x201D; shall mean the quotient equal to
dividing (x) the Aggregate Closing Merger Consideration (calculated
on an estimated basis at the Closing and not subject to adjustment
pursuant to <font style="font-weight: bold">Section 1.9</font>), by
(y) the sum of (A) the aggregate number of shares of Company Common
Stock outstanding immediately prior to the First Effective Time
(other than the Cancelled Shares), and (B) the aggregate number of
shares of Company Common Stock issuable upon the exercise in full
of all Participating Options, Cashed-Out Options, Assumed Options
and Cashed-Out Warrants outstanding immediately prior to the First
Effective Time, as set forth on the Spreadsheet.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#xA0;&#x201C;Harmful Code&#x201D;</font> shall
have the meaning assigned to it in <font style="font-weight: bold">Section 2.13(j)</font>.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Hazardous Substances&#x201D;</font> shall
mean: (a) any material, substance, chemical, waste, product,
derivative, compound, mixture, solid, liquid, mineral, or gas, in
each case, whether naturally occurring or man-made, that is
hazardous, acutely hazardous, toxic, or words of similar import or
regulatory effect under Environmental Laws; and (b) any petroleum
or petroleum-derived products, radon, radioactive materials or
wastes, asbestos in any form, lead or lead-containing materials,
urea formaldehyde foam insulation, and polychlorinated
biphenyls.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;HCERA&#x201D;</font> shall have the
meaning assigned to it in <font style="font-weight: bold">Section
2.15(g)</font>.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Healthcare Reform Laws&#x201D;</font>
shall have the meaning assigned to it in <font style="font-weight: bold">Section 2.15(g)</font>.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;HIPAA&#x201D;</font> shall mean the
Health Insurance Portability and Accountability Act of 1996, as
amended.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#xA0;&#x201C;Indebtedness&#x201D;</font> of any
Person shall mean, without duplication: (i) all liabilities of such
Person for borrowed money, whether current or funded, secured or
unsecured, all obligations evidenced by bonds, debentures, notes or
similar instruments, and all liabilities in respect of mandatorily
redeemable or purchasable share capital or securities convertible
into share capital; (ii) all liabilities of such Person for the
deferred purchase price of property or services, which are required
to be classified and accounted for under GAAP as liabilities, other
than customary trade payables or accrued expenses; (iii) all
liabilities of such Person in respect of any lease of (or other
arrangement conveying the right to use) real or personal property,
or a combination thereof, which are, and to the extent, required to
be classified and accounted for under GAAP as capital leases; (iv)
all liabilities of such Person evidenced by any letter of credit or
similar credit transaction entered into for the purpose of securing
any lease deposit; (v) all obligations of the Company under any
interest rate swap agreement, forward rate agreement, interest rate
cap or collar agreement or other financial agreement or arrangement
entered into for the purpose of limiting or managing interest rate
risks; (vi) with respect to the Company, all liabilities arising
out of Contracts with or any payables owed to Interested Parties or
Affiliates of Interested Parties (other than resulting from
ordinary course arm&#x2019;s-length transactions with portfolio
companies of the Stockholders); (vii) any unpaid Accrued Employee
Amounts; (viii) all liabilities of such Person for the
reimbursement of any obligor on any letter of credit,
banker&#x2019;s acceptance or similar credit transaction securing
obligations of a type described in clauses (i) through (vii) above
to the extent drawn; (ix) all guarantees by such Person of any
liabilities of a third party of a nature similar to the types of
liabilities described in clauses (i) through (viii) above, to the
extent of the obligation guaranteed or secured by a Lien on the
assets of such Person, and (x) all interest, fees, prepayment
premiums and other expenses owed with respect to the indebtedness
referred to in clauses (i) through (ix) above; provided, however,
deferred revenue, Taxes and Transaction Expenses and any items
included in the calculation of Net Working Capital shall be
excluded from the definition of Indebtedness.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Indemnification Claim
Notice&#x201D;</font> shall have the meaning assigned to it in
<font style="font-weight: bold">Section 7.4(a).</font></font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Indemnification Claim Objection
Notice&#x201D;</font> shall have the meaning assigned to it in
<font style="font-weight: bold">Section 7.4(b).</font></font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Indemnified D&amp;O&#x201D;</font> shall
mean each Person who is or was covered by any of the
Company&#x2019;s or any of its Subsidiaries&#x2019; employees&#x2019;,
fiduciaries&#x2019;, trustees&#x2019;, directors&#x2019; and
officers&#x2019; liability insurance policies as of or any time
prior to the First Effective Time.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">72</font></div>
</div>
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<div id="hdr">
<div style="text-align: right; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Indemnified Party&#x201D;</font> and
<font style="font-weight: bold">&#x201C;Indemnified
Parties&#x201D;</font> shall mean the Parent Indemnified Parties and
Equityholder Indemnified Parties.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Indemnifying Party&#x201D;</font> and
<font style="font-weight: bold">&#x201C;Indemnifying
Parties&#x201D;</font> shall mean the Company Indemnifying Parties
and the Parent Indemnifying Parties.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Indemnity Escrow Amount&#x201D;</font>
shall mean 40,388 shares of Parent Common Stock.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Indemnity Escrow Fund&#x201D;</font>
shall have the meaning assigned to it in <font style="font-weight: bold">Section 1.6(e)(i).</font>&#xA0;</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Insurance Policies&#x201D;</font> shall
have the meaning assigned to it in <font style="font-weight: bold">Section 2.18.</font></font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Intellectual Property&#x201D;</font>
shall mean algorithms, APIs, data, databases, data collections,
diagrams, formulae, inventions (whether or not patentable),
know-how, logos, designs, marks (including brand names, product
names, logos, and slogans), methods, network configurations and
architectures, processes, proprietary information, protocols,
schematics, specifications, Software, Software code (in any form,
including source code and executable or object code), subroutines,
techniques, user interfaces, URLs, web sites, works of authorship
(including written, audio and visual materials), business or
technical information (including technical data, customer and
supplier lists, pricing and cost information, and business and
marketing plans and proposals), all other forms of technology
(whether or not embodied in any tangible form and including all
tangible embodiments of the foregoing), and other such items for
which Intellectual Property Rights may be secured, including any
documents or other tangible media containing any of the
foregoing.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Intellectual Property
Rights&#x201D;</font> shall mean all rights of the following types,
which may exist or be created under the laws of any jurisdiction in
the world: (i) rights associated with works of authorship,
including exclusive exploitation rights, copyrights and moral
rights; (ii) trademark, service mark, business name, brand name,
domain name and trade name rights and similar rights; (iii) trade
secret rights; (iv) patents, patent applications, utility models,
design rights, and all related patent rights; (v) other proprietary
rights in Intellectual Property; (vi) rights in or relating to
applications, registrations, renewals, extensions, combinations,
revisions, divisions, continuations, continuations-in-part and
reissues of, and applications for, any of the rights referred to in
clauses (i) through (v) above; and (vii) all causes of action and
rights to sue or seek other remedies arising from or relating to
the foregoing, including for any past or ongoing infringement,
misuse or misappropriation.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Interested Party&#x201D;</font> shall
have the meaning assigned to it in <font style="font-weight: bold">Section 2.21.</font></font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Interim Financials&#x201D;</font> shall
have the meaning assigned to it in <font style="font-weight: bold">Section 2.6(a).</font></font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Interim Disclosure Update&#x201D;</font>
shall have the meaning assigned to it in <font style="font-weight: bold">Section 4.9(c)(i)</font>.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#xA0;&#x201C;In-the-Money&#x201D;</font> shall
mean a Company Option or Company Warrant, as applicable, that is
not Out-of-Money.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;IRS&#x201D;</font> shall mean the United
States Internal Revenue Service.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Joinder Agreements&#x201D;</font> shall
mean the joinder agreements, in substantially the form attached
hereto as&#xA0;<font style="text-decoration: underline">Exhibit&#xA0;E</font>.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Key Employees&#x201D;</font> shall mean
each of the individuals listed on <font style="font-weight: bold">Schedule A.</font></font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Key Employee Employment
Agreements&#x201D;</font> shall mean the employment agreements
executed and delivered by each Key Employee in substantially the
form attached hereto as <font style="font-weight: bold; text-decoration: underline">Exhibit
C.</font></font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Knowledge&#x201D;</font> or <font style="font-weight: bold">&#x201C;Known&#x201D;</font> shall mean, with
respect to the Company, the actual knowledge of any of the
individuals identified on <font style="font-weight: bold">Schedule
B</font> without independent investigation, none of whom, for the
sake of clarity and avoidance of doubt, shall have any personal
liability or obligations regarding such knowledge (other than with
respect to such person&#x2019;s capacity as an Indemnifying Party as
set forth in <font style="font-weight: bold">Article VII,</font>
severally, and not jointly, with the other Indemnifying
Parties).</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<div id="ftr">
<div style="text-align: left; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">73</font></div>
</div>
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<div id="hdr">
<div style="text-align: right; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Lease Agreements&#x201D;</font> shall
have the meaning assigned to it in <font style="font-weight: bold">Section 2.11</font>.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Leased Real Property&#x201D;</font> shall
have the meaning assigned to it in <font style="font-weight: bold">Section 2.11</font>.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Legal Requirement&#x201D;</font> shall
mean any applicable U.S. or non-U.S. federal, state, local or other
constitution, law, treaty, directive, statute, ordinance, rule,
regulation, or principle of common law, or any Order, in any case
issued, enacted, adopted, promulgated, implemented or otherwise put
into legal effect by or under the authority of any Governmental
Entity.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Licensed IP&#x201D;</font> shall mean all
Intellectual Property Rights and Intellectual Property used,
practiced or held for use or practice in the conduct of the
business of the Company or any of its Subsidiaries as currently
conducted or as currently proposed to be conducted, in each case
that are not owned by, or purported to be owned or by, the Company
or any of its Subsidiaries.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Licensed IP Contract&#x201D;</font> shall
mean any Company Contract pursuant to which the Company or any of
its Subsidiaries is granted a license, covenant not to sue, or
other rights with respect to Licensed IP.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Lien&#x201D;</font> shall mean any lien,
pledge, charge, claim, mortgage, assessment, claims, hypothecation,
infringement, deed of trust, lease, option, right of first refusal,
easement, right of way, security interest, preemptive right,
covenant, exclusive license, servitude, transfer restriction or
other encumbrance of any kind or character whatsoever.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Listed Customers&#x201D;</font> shall
have the meaning assigned to them in <font style="font-weight: bold">Section 4.1(a)</font>.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Loss&#x201D;</font> and <font style="font-weight: bold">&#x201C;Losses&#x201D;</font> shall have the
meaning assigned to them in <font style="font-weight: bold">Section
7.2(a)</font>.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Made Available&#x201D;</font> shall mean
that the Company has posted such materials to the virtual data room
hosted by SecureDocs and made available to Parent and its
representatives during the negotiation of this Agreement, but only
if so posted and made available at least one (1) Business Day prior
to the date of this Agreement.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Material Contracts&#x201D;</font> shall
have the meaning assigned to it in <font style="font-weight: bold">Section 2.13(a)</font>.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Merger Sub I&#x201D;</font> shall have
the meaning assigned to it in the <font style="font-weight: bold">preamble to the Recitals.</font></font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Merger Sub II&#x201D;</font> shall have
the meaning assigned to it in the <font style="font-weight: bold">preamble to the Recitals.</font></font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Merger Subs&#x201D;</font> shall have the
meaning assigned to it in the <font style="font-weight: bold">preamble to the Recitals.</font></font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Mergers&#x201D;</font> shall have the
meaning assigned to it in the Recitals.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;NetSapiens Board Designee&#x201D;</font>
shall have the meaning assigned to it in <font style="font-weight: bold">Section 4.11(a)</font>.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Net Working Capital&#x201D;</font> shall
mean (i) current assets (other than Closing Cash) <font style="font-style: italic">minus</font> (ii) current liabilities
determined in accordance with GAAP (applying, for the avoidance of
doubt, ASC 605), as set forth on <font style="font-weight: bold">Schedule C</font>, and in each case calculated
in a manner consistent with the Example Statement of Working
Capital in <font style="font-weight: bold">Schedule C</font>, and
excluding the line items which are identified in <font style="font-weight: bold">Schedule C</font> as being excluded from
&#x201C;Net Working Capital&#x201D;.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#xA0;&#x201C;Net Working Capital
Target&#x201D;</font> shall mean $911,000.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#xA0;&#x201C;Non-Disclosure Agreement&#x201D;
shall have the</font> meaning assigned to it in <font style="font-weight: bold">Section 9.4</font>.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Open Source Software&#x201D;</font> shall
mean any item of Company Software that is subject to any version of
the GNU General Public License, the Affero General Public License,
the GNU Lesser General Public License, the Eclipse Public License,
the Common Public License, the Mozilla Public License, or any other
license identified as an open source license by the Open Source
Initiative <font style="text-decoration: underline">(</font><font style="text-decoration: underline;">www.opensource.org</font><font style="text-decoration: underline">).</font></font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Order&#x201D;</font> shall<font style="font-weight: bold">&#xA0;</font>mean any order, judgment,
injunction, ruling, edict, or other decree, whether temporary,
preliminary or permanent, enacted, issued, promulgated, enforced or
entered by any Governmental Entity.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Original Disclosure Update&#x201D;</font>
shall have the meaning assigned to it in <font style="font-weight: bold">Section 4.9(c)(ii).</font></font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">74</font></div>
</div>
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<div id="hdr">
<div style="text-align: right; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Out-of-Money</font>&#x201D; shall mean a Company
Option or Company Warrant, as applicable, having an exercise price
in excess of the Gross Per Share Merger Consideration.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Outstanding Indemnity
Claims&#x201D;</font> shall have the meaning assigned to it in
<font style="font-weight: bold">Section 7.2(g)</font>.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Outstanding Indemnity Claims
Amount&#x201D;</font> shall have the meaning assigned to it in
<font style="font-weight: bold">Section 7.2(g)</font>.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Parent&#x201D;</font> shall have the
meaning assigned to it in the <font style="font-weight: bold">preamble to the Recitals.</font></font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Parent Closing Statement&#x201D;</font>
shall have the meaning assigned to it in <font style="font-weight: bold">Section 1.9(b).</font></font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Parent Common Stock&#x201D;</font> shall
mean shares of the common stock, par value $0.001 per share, of
Parent.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Parent Fundamental
Representations&#x201D;</font> shall mean <font style="font-weight: bold">Section 3.1</font> (<font style="font-style: italic">Organization and Standing</font>),
<font style="font-weight: bold">Section 3.2</font> (<font style="font-style: italic">Authority and Enforceability</font>),
<font style="font-weight: bold">Section 3.7</font> (<font style="font-style: italic">Total Stock Consideration</font>),
<font style="font-weight: bold">Section 3.8</font> (Parent
Broker&#x2019;s Fees), <font style="font-weight: bold">Section
3.10</font> (<font style="font-style: italic">Taxes</font>), and
<font style="font-weight: bold">Section 3.13</font> (<font style="font-style: italic">No Other Representations;
Non-Reliance</font>).</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Parent Indemnified Party&#x201D;</font>
and <font style="font-weight: bold">&#x201C;Parent Indemnified
Parties&#x201D;</font> shall have the meaning assigned to them in
<font style="font-weight: bold">Section 7.2(a).</font></font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Parent Indemnifying Party&#x201D;</font>
and <font style="font-weight: bold">&#x201C;Parent Indemnifying
Parties&#x201D;</font> shall have the meaning assigned to them in
<font style="font-weight: bold">Section 7.2(b).</font></font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Parent Majority
Stockholder&#x201D;</font> shall mean Steven G.
Mihaylo.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Parent Majority Stockholder Voting and Support
Agreement</font>&#x201D; shall have the meaning assigned to it in
the <font style="font-weight: bold">Recitals.</font></font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Parent Material Adverse
Effect&#x201D;</font> shall mean any change, event, circumstance,
condition or effect (regardless of whether or not such change,
event, circumstance, condition or effect is inconsistent with the
representations or warranties made by Parent in this Agreement)
that, individually or in the aggregate, taking into account all
other changes, events, circumstances, conditions or effects, has or
would reasonably be likely to be materially adverse to the
condition (financial or otherwise), properties, products, assets
(including intangible assets), liabilities, business, operations,
results of operations or prospects of Parent and its Subsidiaries,
taken as a whole, except to the extent that any such change, event,
circumstance, condition or effect results from (i) the outbreak or
escalation of war, hostilities or terrorist activities in any
jurisdiction in which Parent and its Subsidiaries have material
operations; (ii) changes in any applicable laws or regulations or
GAAP or other accounting standards (or the interpretation thereof)
applicable to Parent or its Subsidiaries; (iii) changes or
conditions affecting the industry or markets in which Parent have
material operations; (iv) any earthquake, hurricane, tornado or
other natural disaster or pandemic (including COVID-19) in any
jurisdiction in which Parent and its Subsidiaries have material
operations including any <font style="font-family: Times New Roman">worsening thereof (including with
respect to COVID-19)</font>; (v) conditions generally affecting the
United States economy or credit, securities, currency, financial,
banking or capital markets (including any disruption thereof and
any decline in the price of any security or any market index) in
the United States or elsewhere in the world; (vi) the taking of any
action <font style="background-color: #FFFFFF">contemplated by this
Agreement and the Related Agreements contemplated hereby, including
the completion and announcement of the Transactions or any actions
taken by the Company following the execution and delivery of this
Agreement or the Closing; and (vii) the taking of any action
approved or consented to in writing by the
Company;&#xA0;</font><font style="font-style: italic; background-color: #FFFFFF">provided,
however</font><font style="background-color: #FFFFFF">, that such
changes in (i)&#xA0;&#x2013; (v)&#xA0;do not have a disproportionate
effect on Parent or its Subsidiaries (and, in which case, only the
incremental disproportionate impact may be taken into account in
determining whether there has been a Parent Material Adverse
Effect).</font></font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Parent Proposals&#x201D;</font> shall the
meaning assigned to it in <font style="font-weight: bold">Section
5.13(a)</font></font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Parent SEC Documents&#x201D;</font> shall
have the meaning assigned to it in <font style="font-weight: bold">Section 3.6(a)</font>.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Parent Stock Issuance&#x201D;</font>
shall have the meaning assigned to it in the <font style="font-weight: bold">Recitals.</font></font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Parent Stockholder
Approval&#x201D;</font> shall the meaning assigned to it in
<font style="font-weight: bold">Section 5.1</font>.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Parent Stockholder Meeting&#x201D;</font>
shall the meaning assigned to it in <font style="font-weight: bold">Section 5.13(a)</font>.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">75</font></div>
</div>
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<div id="hdr">
<div style="text-align: right; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Parent Trading Price&#x201D;</font> shall
mean an amount<font style="font-weight: bold">&#xA0;</font>equal to
$6.19 (as adjusted to appropriately reflect any stock split,
reverse stock split, stock dividend, reorganization,
reclassification, combination, recapitalization or other like
change with respect to Parent Common Stock occurring after the date
of this Agreement).</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Participating Equityholder&#x201D;</font>
shall mean any holder of Company Capital Stock, Participating
Option, Cashed-Out Options and Cashed-Out Warrants, in each case,
as of immediately prior to the First Effective Time, as set forth
on the Spreadsheet.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Participating Option&#x201D;</font> shall
have the meaning assigned to it in <font style="font-weight: bold">Section 1.6(c)(i).</font></font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Paying Agent&#x201D;</font> shall mean
Western Alliance Bank.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Payoff Amount&#x201D;</font> shall have
the meaning assigned to it in <font style="font-weight: bold">Section 4.3(a)</font></font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Payoff Letter&#x201D;</font> shall have
the meaning assigned to it in <font style="font-weight: bold">Section 4.3(a).</font></font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;PCHS&#x201D;</font> shall have the
meaning assigned to it in <font style="font-weight: bold">Section
9.15.</font></font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Pension Plan&#x201D;</font> shall mean
each Company Employee Plan that is an &#x201C;employee pension
benefit plan,&#x201D; within the meaning of Section 3(2) of
ERISA.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Permits&#x201D;</font> shall have the
meaning assigned to it in <font style="font-weight: bold">Section
2.25.</font></font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Permitted Liens&#x201D;</font> means (i)
lessor&#x2019;s, mechanic&#x2019;s, materialmen&#x2019;s,
carriers&#x2019;, repairers&#x2019; and other Liens arising or
incurred in the ordinary course of business for amounts that are
not yet delinquent or are being contested in good faith, as well as
bank Liens arising under banks&#x2019; standard terms and
conditions, (ii) Liens for Taxes, assessments or other governmental
charges not yet due and payable as of the Closing Date or which are
being contested in good faith by appropriate proceedings (provided
that in each case, a reserve is established therefor as required by
GAAP), (iii) encumbrances and restrictions on real property
(including easements, covenants, rights of way and similar
restrictions of record) that do not materially interfere with the
Company&#x2019;s and its Subsidiaries&#x2019; present uses or
occupancy of such real property, (iv) Liens securing the
obligations of the Company and its Subsidiaries under the Closing
Indebtedness, (v) Liens which would not be material to the Company
and its Subsidiaries, (vi) zoning, building codes and other land
use laws regulating the use or occupancy of real property or the
activities conducted thereon which are imposed by any Governmental
Entity having jurisdiction over such real property and which are
not violated by the current use<font style="font-style: italic">&#xA0;</font>or occupancy of such real
property or the operation of the businesses of the Company and its
Subsidiaries, (vii) non-exclusive licenses of Intellectual Property
Rights granted arising in the ordinary course of business, (viii)
statutory or common law liens to secure obligations to landlords,
lessors or rents under leases or rental agreements, and (ix)
pledges, deposits or other Liens securing the performance of bids,
trade contracts, leases or statutory obligations (including
workers&#x2019; compensation, unemployment insurance, other social
security legislation or similar programs mandated by Laws) arising
or incurred in the ordinary course of business consistent with past
practice or amounts that are not delinquent and which are not,
individually or in the aggregate, material to the business of the
Company and its Subsidiaries, taken as a whole.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Person&#x201D;</font> shall mean an
individual or entity, including a partnership, a limited liability
company, a corporation, an association, a joint stock company, a
trust, a joint venture, an unincorporated organization, or a
Governmental Entity (or any department, agency, or political
subdivision thereof).</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Personal Data&#x201D;</font> shall mean,
in addition to all information defined or described by the Company
as &#x201C;personal information,&#x201D; &#x201C;personally
identifiable information,&#x201D; &#x201C;PII,&#x201D; or using any
similar term in any Company privacy policy or other public-facing
statement: (i) a natural person&#x2019;s name, street address,
telephone number, e-mail address, photograph, social security
number or tax identification number, driver&#x2019;s license number,
passport number, credit card number, bank information, or customer
or account number, biometric identifiers, or any other piece of
information that reasonably allows for the identification or
location of, or contact with, a natural person (and for greater
certainty includes all such information with respect to employees);
(ii) any other information defined as &#x201C;personal data&#x201D;,
&#x201C;personally identifiable information&#x201D;,
&#x201C;individually identifiable health information,&#x201D;
&#x201C;protected health information,&#x201D; or &#x201C;personal
information&#x201D; under any Legal Requirement; and (iii) any
information that is associated, directly or indirectly (by, for
example, records linked via unique keys), with any of the
foregoing.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Plan&#x201D;</font> shall mean the
Company&#x2019;s 2016 Equity Incentive Plan.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;PPACA&#x201D;</font> shall have the
meaning assigned to it in <font style="font-weight: bold">Section
2.15(g)</font>.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;PPP Escrow Agreement&#x201D;</font> shall
have the meaning assigned to it in <font style="font-weight: bold">Section 1.6(f)</font>.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;PPP Forgiveness Date</font>&#x201D; shall
mean the date the PPP Loan Escrow Amount is completely forgiven, as
finally determined by the applicable Governmental
Entity.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; font-family: Times New Roman">&#x201C;PPP
Lender&#x201D;</font> <font style="font-family: Times New Roman">means</font> Pacific Mercantile
Bank<font style="font-family: Times New Roman">.</font></font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; font-family: Times New Roman">&#x201C;PPP
Loan&#x201D;</font> <font style="font-family: Times New Roman">shall
mean the</font> Note, dated April 16, 2020, between the Company and
Pacific Mercantile Bank<font style="font-family: Times New Roman">.</font></font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">76</font></div>
</div>
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<div id="hdr">
<div style="text-align: right; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;PPP Loan Escrow
Amount&#x201D;</font>&#xA0;shall mean that certain amount required
to be placed in an account controlled by the PPP Lender pursuant to
that certain SBA Procedural Notice Control Number 5000-20057 (the
&#x201C;<font style="font-weight: bold; font-style: italic">Notice</font>&#x201D;)<font style="font-weight: bold; font-style: italic">&#xA0;</font>for
the purpose of rendering unnecessary the consent of the U.S. Small
Business Administration to the Transaction, as set forth in the
Notice, the amount shall include the entire unpaid principal amount
of the PPP Loan as of the Closing Date and all interest accrued
through the maturity of the PPP Loan.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">PPP Loan Escrow Fund</font>&#x201D; shall have
the meaning assigned to it in <font style="font-weight: bold">Section 1.6(e)(iii)</font>.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Pre-Closing Period&#x201D;</font> shall
have the meaning assigned to it in <font style="font-weight: bold">Section 4.8</font>.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Pre-Closing Tax Contest&#x201D;</font>
shall have the meaning assigned to it in <font style="font-weight: bold">Section 6.3.</font></font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Pre-Closing Tax Period&#x201D;</font>
shall mean any taxable period or portion thereof ending on or
before the Closing Date.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Pre-Closing Taxes&#x201D;</font> shall
mean, without duplication (i) any Taxes of the Company or any of
its Subsidiaries attributable or allocable to any Pre-Closing Tax
Period, <font style="font-style: italic">provided</font> that
amounts described in this definition shall be determined by
treating any advance payments, deferred revenues or other prepaid
amounts received or arising in any Pre-Closing Tax Period as
subject to Tax in such period regardless of when actually
recognized for income Tax purposes, unless previously recognized
for income Tax purposes on or before the Closing Date, (ii) any
Taxes of the Stockholders or other equity holders of the Company
attributable or allocable to any Pre-Closing Tax Period for which
the Company or any of its Subsidiaries is liable, whether by reason
of any requirement to withhold or otherwise, (iii) any Taxes of the
Company or any of its Subsidiaries arising as a result of the
Company or any of its Subsidiaries being (or ceasing to be), on or
prior to the Closing Date, a member of an affiliated, combined,
consolidated or unified group pursuant to Treasury Regulations
Section 1.1502-6 (or any similar provision of state, local or
non-U.S. law), as transferee or successor to the extent relating to
transactions or events occurring prior to Closing, or by Contract
entered into prior to the Closing (other than any Contract (A)
between or among the Company and any of its Subsidiaries or (B)
entered into in the ordinary course of business the primary subject
matter of which is not Taxes) and (iv) the share of any Transfer
Taxes borne by the Stockholders under the terms of <font style="font-weight: bold">Section 6.7</font> and all Taxes deferred under
the CARES Act; provided, however, that Pre-Closing Taxes shall not
include any amount of Taxes to the extent that such amount was
taken into account in the computation of Net Working Capital or
Closing Indebtedness or otherwise as a component of the Adjustment
Amount.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#xA0;&#x201C;Privacy Legal
Requirement&#x201D;</font> shall mean any and all applicable Legal
Requirements, industry standards of any industry organization of or
in which the Company or any of its Subsidiaries is a member or
otherwise participates, and any and all contractual and other
obligations legally binding upon the Company or any of the
Subsidiaries, in each case concerning the collection, use, storage
or handling of Personal Data, Tracking Data, email communications
or mobile communications, including, to the extent applicable, (i)
Legal Requirements relating to the collection, storage, processing,
use, transfer or deletion of Personal Data or Tracking Data (ii)
Legal Requirements relating to electronic and mobile
communications, text messages, marketing or advertising materials,
including anti-SPAM , unsolicited advertising or communications
Laws, and Laws regarding the &#x201C;right to be forgotten&#x201D;,
(iii) Laws relating to use of any Credentials; and (iv) the Canada
Personal Information Protection and Electronic Documents Act
(PIPEDA), the United Kingdom Data Protection Act, the Health
Insurance Portability and Accountability Act (HIPAA), the
Australian Privacy Principals, the European Union Data Protection
Directive and all implementing regulations, the European Union
General Data Protection Regulation (GDPR), the EU Directive on
Electronic Communications Networks and Services, the Privacy and
Electronic Communications Directive 2002/58/EC (ePrivacy) (as
amended) and all implementing regulations, the Children&#x2019;s
Online Privacy Protection Act (COPPA), the Computer Fraud and Abuse
Act (CFAA), the California Consumer Privacy Act of 2018 (CCPA), the
California Computer Crime Law (CCCL), California Penal Code Sec.
502, California Invasion of Privacy Act, California Penal Code Sec.
630 et seq., Fair Credit Reporting Act (FCRA), California Consumer
Legal Remedies Act (CLRA), California Civil Code Sec. 1750 et seq.,
Unfair Competition Law, California Business and Professions Code
Sec. 17200 et seq., Fair and Accurate Credit Transactions Act
(FACTA), Gramm-Leach-Bliley Act (GLBA), Dodd-Frank Wall Street
Reform and Consumer Protection Act, Payment Card Industry (PCI)
Data Security Standards, and the Telephone Consumer Protection Act
(TCPA).</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Private Data&#x201D;</font> shall mean
Behavioral Data and Personal Data.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#xA0;&#x201C;Pro Rata Portion&#x201D;</font>
shall mean with respect to each Participating Equityholder (other
than holders of Cancelled Shares solely in their capacities as
such), an amount equal to the quotient obtained by <font style="font-style: italic">dividing</font> (x) the portion of the
Aggregate Closing Merger Consideration received by such holder in
respect of the shares of Company Capital Stock owned by such holder
or underlying the Participating Options, Cashed-Out Options or
Cashed-Out Warrants, as applicable (including cash withheld in
respect of Taxes), as of immediately prior to the First Effective
Time, <font style="font-style: italic">by</font> (y) the portion of
the Aggregate Closing Merger Consideration received by all
Participating Equityholders (including cash withheld in respect of
Taxes), as set forth on the Spreadsheet.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Proxy Statement&#x201D;</font> shall have
the meaning assigned to it in <font style="font-weight: bold">Section 4.13(a)</font>.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Purchase Price Adjustment Escrow
Amount&#x201D;</font> shall mean 16,155 shares of Parent Common
Stock.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Purchase Price Adjustment Escrow
Fund&#x201D;</font> shall have the meaning assigned to it in
<font style="font-weight: bold">Section
1.6(e)(iii)</font>.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;R&amp;W Insurance Policy&#x201D;</font>
shall mean that certain representation and warranty insurance
policy to be issued by Dual Transactional Risk to Parent for the
benefit of Parent obtained in connection with this Agreement on
terms and conditions reasonably satisfactory to Parent and the
Stockholder Representative and with a policy limit up to
$5,000,000, in substantially the form attached hereto as
<font style="font-weight: bold; text-decoration: underline">Exhibit
H</font>.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<div id="ftr">
<div style="text-align: left; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">77</font></div>
</div>
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<div id="hdr">
<div style="text-align: right; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Registered IP&#x201D;</font> shall mean
all Intellectual Property Rights that are registered, filed, or
issued under the authority of, with or by any Governmental Entity,
including all patents, registered copyrights, and registered
trademarks, and domain names, and all applications for any of the
foregoing.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Regulation D&#x201D;</font> shall mean
Regulation D promulgated under the Securities Act.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Related Agreements&#x201D;</font> shall
mean the Joinder Agreements, the Key Employee Employment
Agreements, the Voting Agreement, the Parent Majority Stockholder
Voting and Support Agreement, the Company Principal Stockholders
Voting and Support Agreement, the Paying Agent Agreement, the
Escrow Agreements, the Letters of Transmittal and all other
agreements and certificates entered into by the Company or any of
the Equityholders in connection with the Transactions.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Sales Taxes&#x201D;</font> shall have the
meaning assigned to it in <font style="font-weight: bold">Section
2.10(e).</font></font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;SEC&#x201D;</font> shall mean the United
States Securities and Exchange Commission.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Second Certificate of
Merger&#x201D;</font> shall a certificate of merger in substantially
the form attached hereto as <font style="font-weight: bold; text-decoration: underline">Exhibit
B-2</font>.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Second Effective Time&#x201D;</font>
shall have the meaning assigned to it in <font style="font-weight: bold">Section 1.2(c)</font>.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Second Merger&#x201D;</font> shall have
the meaning assigned to it in the Recitals.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Securities Act&#x201D;</font> shall mean
the Securities Act of 1933, as amended.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Shortfall Amount&#x201D;</font> shall
have the meaning assigned to it in <font style="font-weight: bold">Section 1.9(e)</font>.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Shortfall Amount Shares&#x201D;</font>
shall have the meaning assigned to it in <font style="font-weight: bold">Section 1.9(e)</font>.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Software&#x201D;</font> means computer
software and databases, together with, as applicable, object code,
source code, firmware, files, development tools, and embedded
versions thereof, and documentation related thereto.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Special Indemnification Escrow
Amount&#x201D;</font>&#xA0;shall mean $850,000.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#xA0;&#x201C;Special Indemnification Escrow
Fund&#x201D;</font>&#xA0;shall have the meaning assigned to it in
<font style="font-weight: bold">Section
1.6(e)(iii)</font>.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#xA0;&#x201C;Special Indemnification
Matter&#x201D;</font>&#xA0;shall have the meaning assigned to it in
<font style="font-weight: bold">Section
7.2(a)(D).</font></font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Special Indemnification Matter
Deductible&#x201D;</font>&#xA0;shall have the meaning assigned to it
in <font style="font-weight: bold">Section
7.3(a)(ii)</font>.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Special Indemnification Matter Expiration
Date</font>&#x201D; shall mean the date that is the earlier of (i)
thirty-six (36) months after the Closing Date and (ii) the date on
which the Special Indemnification Matter has been fully and finally
resolved; provided, however, that notwithstanding the foregoing,
the parties hereto agree that on each of the twelve (12)-month and
twenty-four (24) month anniversaries of the Closing Date, the
Parent and the Stockholder Representative shall meet and confer and
make a good faith effort to agree upon a reasonable reduction to
the Special Indemnification Matter Escrow Fund based upon the
remaining estimated Losses with respect to the Special
Indemnification Matter.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Spreadsheet&#x201D;</font> shall have the
meaning assigned to it in <font style="font-weight: bold">Section
4.5.</font></font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Standard Form IP Contract&#x201D;</font>
shall mean each standard form of Company IP Contract only when used
by the Company or any of its Subsidiaries at any time without
material modification, including such standard form of the
following types of agreements, to the extent the Company or any of
its Subsidiaries actually utilizes such a standard form in the
conduct of its business: (i) license and/or service agreement; (ii)
development agreement; (iii) distributor, reseller or affiliate
agreement; (iv) employee agreement containing any assignment or
license of Intellectual Property or Intellectual Property Rights or
any confidentiality provision; (v) professional services,
outsourced development, consulting, or independent contractor
agreement containing any assignment or license of Intellectual
Property or Intellectual Property Rights or any confidentiality
provision; and (vi) confidentiality or nondisclosure
agreement.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Standards Organizations&#x201D;</font>
shall have the meaning assigned to it in <font style="font-weight: bold">Section 2.13(b)(ix)</font>.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Statement of Expenses&#x201D;</font>
shall have the meaning assigned to it in <font style="font-weight: bold">Section 4.4(b).</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<div style="text-align: left; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">78</font></div>
</div>
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<div style="text-align: right; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Stockholder&#x201D;</font> shall mean any
holder of any Company Capital Stock as of immediately prior to the
First Effective Time.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Stockholder Notice&#x201D;</font> shall
have the meaning assigned to it in the Recitals.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Stockholder Representative&#x201D;</font>
shall have the meaning assigned to it in the <font style="font-weight: bold">preamble to the Recitals.</font></font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Stockholder Representative Expense
Fund&#x201D;</font> shall mean an amount of Stockholder
Representative Expenses Fund in cash to be deposited in an account
designated by the Stockholder Representative to be held and used by
the Stockholder Representative in accordance with <font style="font-weight: bold">Section 7.6</font>.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Stockholder Representative
Expenses&#x201D;</font> shall have the meaning assigned to it in
<font style="font-weight: bold">Section 7.6(c)</font>.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Straddle Period&#x201D;</font> shall mean
any taxable period beginning on or before the Closing Date and
ending after the Closing Date.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Subsidiary&#x201D;</font> shall mean,
with respect to any Person, any corporation, limited liability
company, partnership, association, joint venture or other business
entity of which such Person owns, directly or indirectly, more than
fifty percent (50%) of the stock or other equity interest entitled
to vote on the election of the members of the board of directors or
similar governing body.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Superior Proposal</font>&#x201D; means a bona
fide, written Acquisition Proposal, not solicited, received,
initiated or facilitated in violation of <font style="font-weight: bold">Section 4.l0</font> involving (a) assets that
generate more than 50% of the consolidated total revenues of the
Company, taken as a whole, (b) assets that constitute more than 50%
of the consolidated total assets of the Company, taken as a whole,
or (c) more than 50% of the total voting power of the equity
securities of the Company, in each case, that the Company Board of
Directors (after consultation with outside financial advisors and
legal counsel) reasonably determines, in good faith, would, if
consummated, result in a transaction that is more favorable to the
Company than the Transactions after taking into account all such
factors and matters deemed relevant in good faith by the Company
Board of Directors, including legal, financial (including the
financing terms of any such proposal), regulatory, timing or other
aspects of such proposal and the transactions contemplated hereby
and after taking into account any changes to the terms of this
Agreement irrevocably offered in writing by Parent in response to
such Superior Proposal pursuant to, and in accordance with,
<font style="font-weight: bold">Section
4.10(d)</font>.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Surviving Corporation&#x201D;</font>
shall have the meaning assigned to it in <font style="font-weight: bold">Section 1.2(a). &#x201C;Surviving
LLC&#x201D;</font> shall have the meaning assigned to it in
<font style="font-weight: bold">Section 1.2(b).</font></font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Tax&#x201D;</font> (and, with correlative
meaning, <font style="font-weight: bold">&#x201C;Taxes&#x201D;</font>
and <font style="font-weight: bold">&#x201C;taxable&#x201D;)</font>
means any net income, alternative or add-on minimum tax, gross
income, estimated, gross receipts, sales, use, ad valorem, value
added, transfer, franchise, fringe benefit, share capital, profits,
license, registration, withholding, payroll, social security (or
equivalent), employment, unemployment, disability, excise,
severance, stamp, occupation, premium, property (real, tangible or
intangible), environmental or windfall profit tax, custom duty or
other tax, or similar governmental fee, assessment or charge
(direct or reverse) in the nature of a tax, together with any
interest or any penalty, addition to tax or additional amount in
relation to such tax (whether disputed or not) imposed by any
Governmental Entity (U.S. or non-U.S.).</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Tax Liability Amount&#x201D;</font> means
the aggregate amount of unpaid Taxes of the Company and its
Subsidiaries, on a combined basis, attributable to any Pre-Closing
Tax Period, in each case, determined (i) consistent with the past
custom and practices of the Company and its Subsidiaries, (ii)
disregarding any transactions entered into by or at the direction
of Parent after the Closing (including on the Closing Date), (iii)
treating any Transaction Tax Deductions as being properly
attributable to the Pre-Closing Tax Period, (iv) taking into
account any estimated payments and overpayments of income Taxes to
the extent such estimated payments or overpayments may be utilized
to reduce such unpaid income Taxes and (v) disregarding all
deferred Tax liabilities established for GAAP and any liabilities
for accruals or reserves established under GAAP methodologies for
contingent liabilities for Taxes; <font style="font-style: italic">provided,</font> that Tax Liability Amount
shall not include any type of Taxes taken into account in the
calculation of Net Working Capital as set forth on <font style="font-weight: bold">Schedule C.</font></font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Tax Return&#x201D;</font> shall mean any
return (including any information return), report, statement,
declaration, estimate, schedule, notice, notification, form,
election, certificate or other document or information filed with
or submitted to, or required to be filed with or submitted to, any
Governmental Entity in connection with the determination,
assessment, collection or payment of any Tax or in connection with
the administration, implementation or enforcement of or compliance
with any Legal Requirement relating to any Tax, including any
amendment thereof or attachment thereto and any related or
supporting schedules or statements.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Telecom Investment Note&#x201D;</font>
shall mean that certain Convertible Promissory Note, dated November
12, 2019, between the Company and Telecom Investments,
LLC.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Third Party Claim&#x201D;</font> shall
have the meaning assigned to it in <font style="font-weight: bold">Section 7.5.</font></font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Transaction Expenses&#x201D;</font> shall
mean, without duplication, all fees and expenses incurred by or on
behalf of the Company and its Subsidiaries at or prior to the
Closing and unpaid as of the Closing in connection with this
Agreement, the Mergers and the other Transactions, including (i)
all legal, accounting, financial advisory, consulting, and
finders&#x2019; fees and expenses incurred by the Company or any of
its Subsidiaries in connection with the negotiation and
effectuation of the terms and conditions of this Agreement, all
other agreements, instruments and other documents referenced herein
or contemplated hereby, the Mergers and the other Transactions,
(ii) one-half (1/2) of the costs of any D&amp;O Policy, (iii) half
of the R&amp;W Insurance Policy Expenses, (iv) the Stockholder
Representative Expense Fund, (v) one-half (1/2) of the Escrow
Agent&#x2019;s and Paying Agent&#x2019;s fees and expenses associated
with the initial hiring and retention of the Escrow Agent and
Paying Agent, and (vi) any &#x201C;single trigger&#x201D; or similar
bonus, severance, change-in-control payments or similar payment
obligations of the Company or any of its Subsidiaries that become
due or payable solely as a result of the consummation of the
Mergers and the other Transactions; provided, however, that
&#x201C;Transaction Expenses&#x201D; shall not include any fees or
expenses incurred at the direction of Parent or its Affiliates or
representatives from and after the Closing.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<div id="ftr">
<div style="text-align: left; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">79</font></div>
</div>
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<div style="text-align: right; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Top Customer&#x201D;</font> shall have
the meaning assigned to it in <font style="font-weight: bold">Section 2.24(a).</font></font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Top Supplier&#x201D;</font> shall have
the meaning assigned to it in <font style="font-weight: bold">Section 2.24(b).</font></font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#xA0;&#x201C;Tracking Data&#x201D;</font> means
Personal Data.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Transaction Payroll Taxes&#x201D;</font>
shall mean all employer portion payroll or employment Taxes
incurred in connection with any bonuses, option cash-outs or other
compensatory payments in connection with the
Transactions.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Transaction Tax Deductions&#x201D;</font>
means, without duplication, any and all deductions incurred in
connection with (a) any capitalized financing costs and expenses
(including any loan fees, any costs related to the redemption of
any indebtedness, any costs related to interest rate collar
agreements, prepayment penalties or premiums and any accrued (and
not previously deducted) original issue discount) on any
indebtedness of the Company and its Subsidiaries, including in
connection with the retirement of Indebtedness as contemplated by
this Agreement, (b) payments of Transaction Expenses or Transaction
Payroll Taxes and any compensatory payments made in connection with
the transactions contemplated by this Agreement, (c) any
management, advisory, consulting, accounting or legal fees and
other similar items (including the fees payable to any financial
advisors in connection with the transactions contemplated by this
Agreement), and (d) any other expenses incurred in connection with
the transactions contemplated by, and the negotiation, preparation
and execution of, this Agreement that are economically borne by the
Indemnifying Parties. For the purpose of calculating the
Transaction Tax Deductions, any success-based fees shall be treated
as deductible in accordance with Revenue Procedure
2011-29.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Transactions&#x201D;</font> shall have
the meaning assigned to it in the <font style="font-weight: bold">Recitals.</font></font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Transfer Taxes&#x201D;</font> shall mean
any and all transfer, documentary, sales, use, registration, real
property transfer, stamp, excise or stock transfer Taxes and other
similar Taxes, and any penalties or interest with respect thereto,
imposed with respect to the Transactions.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">Two-Year License&#x201D;</font> shall mean a
license to Parent to use the Company&#x2019;s technologies provided
under a new Master Services Agreement with respect to a 2000
session SNAPaccel &#x2013; SNAPsolution Subscription, to be entered
into by and between the Company and Parent providing for a term to
extend for two years from the date of termination (such two-year
period, the &#x201C;<font style="font-weight: bold">Initial
Term</font>&#x201D;); there will be no license fee for the Initial
Term provided, however, that notwithstanding the foregoing, Parent
will pay for Maintenance and Support and M-IAAS at the
Company&#x2019;s typical rates as set forth on <font style="font-weight: bold">Schedule E</font> attached hereto.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;UKBA&#x201D;</font> shall have the
meaning assigned to it in <font style="font-weight: bold">Section
2.20(c)</font>.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Unvested Company Option&#x201D;</font>
shall mean a Company Option (or portion thereof) that is
outstanding and unvested as of immediately prior to the First
Effective Time and is not a Vested Company Option.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Vested Company Option&#x201D;</font>
shall mean any Company Option (or portion thereof) that is
outstanding and vested as of immediately prior to the First
Effective Time, after taking into account any Company Option (or
portion thereof) that, as a result of the Mergers will accelerate
in full and no longer be subject to any further vesting, right of
repurchase, risk of forfeiture or other such
conditions.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Welfare Plan&#x201D;</font> shall have
the meaning set forth in Section 3(1) of ERISA.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">&#x201C;Year-End Financials&#x201D;</font> shall
have the meaning assigned to it in <font style="font-weight: bold">Section 2.7(a).</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>3
<FILENAME>cxdo_ex101.htm
<DESCRIPTION>VOTING AND SUPPORT AGREEMENT
<TEXT>
<html>
<head>
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<title>cxdo_ex101</title>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
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<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
Exhibit 10.1</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px;">
VOTING AND SUPPORT AGREEMENT</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">This
VOTING AND SUPPORT AGREEMENT (this &#x201C;<font style="font-weight: bold">Agreement</font>&#x201D;), dated as of March 5,
2021, is entered into by and between the undersigned stockholders
(each, a &#x201C;<font style="font-weight: bold">Stockholder</font>&#x201D; and collectively,
&#x201C;<font style="font-weight: bold">Stockholders</font>&#x201D;)
of NetSapiens, Inc., a Delaware corporation (the
&#x201C;<font style="font-weight: bold">Company</font>&#x201D;), and
Crexendo, Inc., a Nevada corporation (&#x201C;<font style="font-weight: bold">Parent</font>&#x201D;). Parent and the
Stockholders are each sometimes referred to herein individually as
a &#x201C;<font style="font-weight: bold">Party</font>&#x201D; and
collectively as the &#x201C;<font style="font-weight: bold">Parties.</font>&#x201D;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">WHEREAS,
concurrently with the execution of this Agreement, the Company,
Parent, Crexendo Merger Sub, Inc., a Delaware corporation and a
direct, wholly-owned subsidiary of Parent (&#x201C;<font style="font-weight: bold">Merger Sub I</font>&#x201D;), Crexendo Merger
Sub, LLC, a Delaware limited liability company and a direct,
wholly-owned subsidiary of Parent (&#x201C;<font style="font-weight: bold">Merger Sub II</font>&#x201D; and, together with
Merger Sub I, the &#x201C;<font style="font-weight: bold">Merger
Subs</font>&#x201D;) and David Wang, as Stockholder Representative
therein, have entered into an Agreement and Plan of Merger and
Reorganization (as the same may be amended from time to time, the
&#x201C;<font style="font-weight: bold">Merger
Agreement</font>&#x201D;), providing for, among other things, a
statutory merger of Merger Sub I with and into the Company (the
&#x201C;<font style="font-weight: bold">First Merger</font>&#x201D;),
and, as part of the same overall transaction, the Surviving
Corporation in the First Merger would merge with and into Merger
Sub II (the &#x201C;<font style="font-weight: bold">Second
Merger</font>,&#x201D; and together with the First Merger, the
&#x201C;<font style="font-weight: bold">Mergers</font>&#x201D;)
pursuant to the terms and conditions of the Merger
Agreement;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">WHEREAS, in order
to induce Parent to enter into the Merger Agreement, each
Stockholder is willing to make certain representations, warranties,
covenants, and agreements as set forth in this Agreement with
respect to the shares of common stock, par value $0.001 per share,
of the Company (&#x201C;<font style="font-weight: bold">Company
Common Stock</font>&#x201D;) Beneficially Owned (as defined below)
by such Stockholder and set forth on Schedule 1 attached hereto
(the &#x201C;<font style="font-weight: bold">Original
Shares</font>&#x201D; and, together with any additional shares of
Company Common Stock pursuant to Section 6 hereof,
the &#x201C;<font style="font-weight: bold">Shares</font>&#x201D;);
and</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">WHEREAS, the Board
of Directors of the Company has approved this Agreement and the
execution, delivery and performance thereof by the parties
hereto;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">WHEREAS, obtaining
the Company Stockholder Approval is a condition precedent to the
consummation of the Mergers;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">WHEREAS, as a
condition to its willingness to enter into the Merger Agreement,
Parent has required that each Stockholder, and each Stockholder has
agreed to, execute and deliver this Agreement.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">NOW,
THEREFORE, in consideration of the foregoing and the respective
representations, warranties, covenants, and agreements set forth
below and for other good and valuable consideration, the receipt,
sufficiency, and adequacy of which are hereby acknowledged, the
Parties hereto, intending to be legally bound, do hereby agree as
follows:</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<div id="ftr">
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">-1-</font></div>
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<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px"><a name="a394067">
<!--anchor--></a>1.&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline; background-color: rgb(255, 255, 255);">Definitions</font>.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">For
purposes of this Agreement, capitalized terms used and not
otherwise defined herein shall have the respective meanings
ascribed to such terms in the Merger Agreement. When used in this
Agreement, the following terms in all of their tenses, cases, and
correlative forms shall have the meanings assigned to them in this
Section 1.</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">(a)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#x201C;<font style="font-weight: bold;">Beneficially
Own</font>&#x201D; or &#x201C;<font style="font-weight: bold;">Beneficial Ownership</font>&#x201D; has the
meaning assigned to such term in Rule 13d-3 under the Exchange Act,
and a Person&#x2019;s beneficial ownership of securities shall be
calculated in accordance with the provisions of such rule (in each
case, irrespective of whether or not such rule is actually
applicable in such circumstance). For the avoidance of doubt,
&#x201C;Beneficially Own&#x201D; and &#x201C;Beneficial
Ownership&#x201D; shall also include record ownership of
securities.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 48px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">(b)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#x201C;<font style="font-weight: bold;">Beneficial
Owner</font>&#x201D; shall mean the Person who Beneficially Owns the
referenced securities.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">2.&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline; background-color: rgb(255, 255, 255);">Representations
of Stockholder</font><font style="text-decoration: underline;">s</font>.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px;">Each
Stockholder represents and warrants to Parent, solely with respect
to such Stockholder, that:</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">(a)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="font-weight: bold;">Ownership
of Shares</font>. Stockholder: (i) is the Beneficial Owner of all
of the Original Shares free and clear of any proxy, voting
restriction, adverse claim, or other Liens, other than those
created by this Agreement or under applicable federal or state
securities laws; and (ii) has the sole voting power over all of the
Original Shares. Except pursuant to this Agreement, there are no
options, warrants, or other rights, agreements, arrangements, or
commitments of any character to which Stockholder is a party
relating to the pledge, disposition, or voting of any of the
Original Shares and there are no voting trusts or voting agreements
with respect to the Original Shares.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 48px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">(b)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="font-weight: bold;">Disclosure
of All Shares Owned</font>. Stockholder does not Beneficially Own
any shares of Company Common Stock other than: (i) the Original
Shares; and (ii) any options, warrants, or other rights to acquire
any additional shares of Company Common Stock or any security
exercisable for or convertible into shares of Company Common Stock,
set forth on the signature page of this Agreement (collectively,
&#x201C;<font style="font-weight: bold;">Options</font>&#x201D;).</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 48px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">(c)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="font-weight: bold;">Power
and Authority; Binding Agreement.</font> Stockholder has the
requisite power and authority and legal capacity to enter into,
execute, and deliver this Agreement and to perform fully
Stockholder&#x2019;s obligations hereunder (including the proxy
described in Section 3(b) below)). This Agreement has been duly and
validly executed and delivered by Stockholder and constitutes the
legal, valid, and binding obligation of Stockholder, enforceable
against Stockholder in accordance with its terms except as may be
limited by applicable bankruptcy, insolvency, reorganization,
moratorium or other similar laws affecting creditors&#x2019; rights
generally or rules of law governing specific performance,
injunctive relief, other equitable remedies and other general
principles of equity.</font></div>
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<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">-2-</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 48px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">(d)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="font-weight: bold;">No
Conflict.</font> The execution and delivery of this Agreement by
Stockholder does not, and the consummation of the transactions
contemplated hereby and the compliance with the provisions hereof
will not, conflict with or violate any law applicable to
Stockholder or result in any breach of or violation of, or
constitute a default (or an event that with notice or lapse of time
or both would become a default) under, or give to others any rights
of termination, amendment, acceleration, or cancellation of, or
result in the creation of any Lien on any of the Shares pursuant
to, any agreement or other instrument or obligation binding upon
Stockholder or any of the Shares.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 48px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">(e)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="font-weight: bold;">No
Consents.</font> No consent, approval, Order, or authorization of,
or, except for any filings required under the Securities Exchange
Act of 1934, as amended, and the rules and regulations promulgated
thereunder, registration, declaration, or filing with, any
Governmental Entity or any other Person on the part of Stockholder
is required in connection with the valid execution and delivery of
this Agreement. No consent of Stockholder&#x2019;s spouse is
necessary under any &#x201C;community property&#x201D; or other laws
in order for Stockholder to enter into and perform its obligations
under this Agreement or, if required, such consent has been
obtained and is evidenced by a signed copy of the Consent of Spouse
on the form attached hereto as <font style="text-decoration: underline;">Exhibit A</font> delivered to Parent
prior to or at the time of signing this Agreement;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 48px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">(f)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="font-weight: bold;">No
Litigation.</font> There is no action, suit, investigation, or
proceeding (whether judicial, arbitral, administrative, or other)
(each an &#x201C;<font style="font-weight: bold;">Action</font>&#x201D;) pending against, or, to
the knowledge of Stockholder, threatened against or affecting,
Stockholder that would reasonably be expected to materially impair
or materially adversely affect the ability of Stockholder to
perform Stockholder&#x2019;s obligations hereunder or to consummate
the transactions contemplated by this Agreement on a timely
basis.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 48px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">(g)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="font-weight: bold;">Independent
Advice.</font> Stockholder has carefully reviewed the Merger
Agreement, the other documentation relating to the Mergers and
other transactions contemplated in the Merger Agreement referred to
therein and this Agreement, and has had an opportunity to discuss
the Merger Agreement, such other documentation and this Agreement
with an attorney of his, her or its own choosing.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">3.&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline; background-color: rgb(255, 255, 255);">Agreement
to Vote Shares; Irrevocable Proxy</font>.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 48px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><a name="a488034">
<!--anchor--></a>(a)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="font-weight: bold;">Agreement
to Vote and Approve.</font> Each Stockholder irrevocably and
unconditionally agrees during the term of this Agreement, at any
annual or special meeting of the Company called with respect to the
following matters, and at every adjournment or postponement
thereof, and on every action or approval by written consent or
consents of the Company stockholders with respect to any of the
following matters, to vote or cause the holder of record to vote
the Shares: (i) in favor of (1) the Merger Agreement and the
Mergers and the other transactions contemplated by the Merger
Agreement, and (2) any proposal to adjourn or postpone such meeting
of stockholders of the Company to a later date if there are not
sufficient votes to approve the Mergers; and (ii) against (1) any
Acquisition Proposal, Company Acquisition Agreement, or any of the
transactions contemplated thereby, (2) any action, proposal,
transaction, or agreement which would reasonably be expected to
result in a breach of any covenant, representation or warranty, or
any other obligation or agreement of the Company under the Merger
Agreement or of Stockholder under this Agreement, and (3) any
action, proposal, transaction, or agreement that would reasonably
be expected to impede, interfere with, delay, discourage, adversely
affect, or inhibit the consummation of the Mergers or the
fulfillment of Parent&#x2019;s, the Company&#x2019;s, the Stockholder
Representative&#x2019;s or the Merger Subs&#x2019; conditions under
the Merger Agreement or change in any manner the voting rights of
any class of shares of the Company (including any amendments to the
Company&#x2019;s Charter Documents).</font></div>
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</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 48px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><a name="a733857">
<!--anchor--></a>(b)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="font-weight: bold;">Proxy.</font>
Each Stockholder hereby appoints Parent and any designee of Parent,
and each of them individually, until the Expiration Time (as
defined below) (at which time this proxy shall automatically be
revoked), its proxies and attorneys-in-fact, with full power of
substitution and resubstitution, to vote or act by written consent
during the term of this Agreement with respect to the Shares in
accordance with Section 3(a). This proxy and power of attorney is
given to secure the performance of the duties of the Stockholder
under this Agreement. Each Stockholder shall take such further
action or execute such other instruments as may be necessary to
effectuate the intent of this proxy. This proxy and power of
attorney granted by the Stockholder shall be irrevocable during
until the Expiration Time, shall be deemed to be coupled with an
interest sufficient in law to support an irrevocable proxy, and
shall revoke any and all prior proxies granted by the Stockholder
with respect to the Shares. The power of attorney granted by each
Stockholder herein is a durable power of attorney and shall survive
the bankruptcy, death, or incapacity of Stockholder. The proxy and
power of attorney granted hereunder shall terminate at the
Expiration Time.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">4.&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline; background-color: rgb(255, 255, 255);">No
Voting Trusts or Other Arrangement</font>.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px;">Each
Stockholder agrees that during the term of this Agreement, the
Stockholder will not, and will not permit any entity under
Stockholder&#x2019;s control to, deposit any of the Shares in a
voting trust, grant any proxies with respect to the Shares, or
subject any of the Shares to any arrangement with respect to the
voting of the Shares other than agreements entered into with
Parent.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px"><a name="a895848">
<!--anchor--></a>5.&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline; background-color: rgb(255, 255, 255);">Transfer
and Encumbrance</font>.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">Each
Stockholder agrees that during the term of this Agreement,
Stockholder will not, directly or indirectly, transfer, sell,
offer, exchange, assign, pledge, convey any legal or Beneficial
Ownership interest in or otherwise dispose of (by merger (including
by conversion into securities or other consideration), by tendering
into any tender or exchange offer, by testamentary disposition, by
operation of law, or otherwise), or encumber (&#x201C;<font style="font-weight: bold;">Transfer</font>&#x201D;) any of the Shares or
enter into any contract, option, or other agreement with respect
to, or consent to, a Transfer of, any of the Shares or
Stockholder&#x2019;s voting or economic interest therein, except as
specifically contemplated by the Merger Agreement. Any attempted
Transfer of Shares or any interest therein in violation of
this&#xA0; Section 5 shall be null and void. This Section 5 shall
not prohibit a Transfer of the Shares by any Stockholder to any
member of Stockholder&#x2019;s immediate family, or to a trust for
the benefit of Stockholder or any member of Stockholder&#x2019;s
immediate family, or upon the death of Stockholder, or to an
Affiliate of Stockholder; provided, that a Transfer referred to in
this sentence shall be permitted only if, as a precondition to such
Transfer, the transferee agrees in a writing, reasonably
satisfactory in form and substance to Parent, to be bound by all of
the terms of this Agreement.</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px"><a name="a472640">
<!--anchor--></a>6.&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline; background-color: rgb(255, 255, 255);">Additional
Shares</font>.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px;">Each
Stockholder agrees that all shares of Company Common Stock that
Stockholder purchases, acquires the right to vote, or otherwise
acquires Beneficial Ownership of after the execution of this
Agreement and prior to the Expiration Time shall be subject to the
terms and conditions of this Agreement and shall constitute Shares
for all purposes of this Agreement. In the event of any stock
split, stock dividend, merger, reorganization, recapitalization,
reclassification, combination, exchange of shares, or the like of
the capital stock of the Company affecting the Shares, the terms of
this Agreement shall apply to the resulting securities and such
resulting securities shall be deemed to be &#x201C;Shares&#x201D; for
all purposes of this Agreement.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">7.&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline; background-color: rgb(255, 255, 255);">Waiver
of Appraisal and Dissenters&#x2019; Rights and Certain Other
Actions</font>.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 48px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">(a)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="font-weight: bold;">Waiver
of Appraisal and Dissenters&#x2019; Rights.</font> Each Stockholder
hereby irrevocably and unconditionally waives, and agrees not to
assert or perfect, any rights of appraisal or rights to dissent in
connection with the Mergers that Stockholder may have by virtue of
ownership of the Shares in accordance with Section 262 of Delaware
Law or purchase thereof under Section 1301 of the California
Corporations Code, as applicable.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 48px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">(b)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="font-weight: bold;">Waiver
of Certain Other Actions.</font> To the fullest extent permitted
under law, each Stockholder hereby agrees not to commence or
participate in, and to take all actions necessary to opt out of any
class in any class action with respect to, any Action, derivative
or otherwise, against Parent, the Company, or any of their
respective subsidiaries or successors: (a) challenging the validity
of, or seeking to enjoin or delay the operation of, any provision
of this Agreement or the Merger Agreement (including any claim
seeking to enjoin or delay the Closing); or (b) alleging a breach
of any duty of the Board of Directors of the Company or Parent in
connection with the Merger Agreement, this Agreement, or the
transactions contemplated thereby or hereby.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px"><a name="a793933">
<!--anchor--></a>8.&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline; background-color: rgb(255, 255, 255);">Termination</font>.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">This
Agreement shall terminate upon the earliest to occur of (the
&#x201C;<font style="font-weight: bold;">Expiration
Time</font>&#x201D;): (a) the First Effective Time; (b) the date on
which the Merger Agreement is terminated in accordance with its
terms; and (c) the termination of this Agreement by mutual written
consent of the Parties. Nothing in this Section 8 shall relieve or
otherwise limit the liability of any Party for any intentional
breach of this Agreement prior to such termination.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">9.&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline; background-color: rgb(255, 255, 255);">No
Solicitation</font><font style="background-color: rgb(255, 255, 255);">.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">Subject
to Section 10, each Stockholder shall not and shall use it
reasonable best efforts to cause its Affiliates and representatives
not to: (a) directly or indirectly solicit, seek, initiate,
knowingly encourage, or knowingly facilitate any inquiries
regarding, or the making of, any submission or announcement of a
proposal or offer that constitutes, or would reasonably be expected
to lead to, any Acquisition Proposal; (b) directly or indirectly
engage in, continue, or otherwise participate in any discussions or
negotiations regarding, or furnish or afford access to any other
Person any information in connection with or for the purpose of
encouraging or facilitating, any proposal or offer that
constitutes, or would reasonably be expected to lead to, any
Acquisition Proposal; (c) enter into any agreement, agreement in
principle, letter of intent, memorandum of understanding, or
similar arrangement with respect to an Acquisition Proposal; (d)
solicit proxies with respect to an Acquisition Proposal (other than
the Mergers and the Merger Agreement) or otherwise encourage or
assist any Person in taking or planning any action that would
reasonably be expected to compete with, restrain, or otherwise
serve to interfere with or inhibit the timely consummation of the
Mergers in accordance with the terms of the Merger Agreement; or
(e) initiate a stockholders&#x2019; vote or action by written
consent of the Company&#x2019;s stockholders with respect to an
Acquisition Proposal.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<div id="ftr">
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">-5-</font></div>
</div>
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<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px"><a name="a327173">
<!--anchor--></a>10.&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline; background-color: rgb(255, 255, 255);">No
Agreement as Director or Officer</font>.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px;">Each
Stockholder makes no agreement or understanding in this Agreement
in Stockholder&#x2019;s capacity as a director or officer of the
Company or any of its subsidiaries (if Stockholder holds such
office), and nothing in this Agreement: (a) will limit or affect
any actions or omissions taken by Stockholder in
stockholder&#x2019;s capacity as such a director or officer of the
Company, including in exercising rights under the Merger Agreement,
and no such actions or omissions shall be deemed a breach of this
Agreement; or (b) will be construed to prohibit, limit, or restrict
Stockholder from exercising Stockholder&#x2019;s fiduciary duties as
an officer or director to the Company or its
stockholders.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">11.&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline; background-color: rgb(255, 255, 255);">Further
Assurances</font>.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px;">Each
Stockholder agrees, from time to time, and without additional
consideration, to execute and deliver such additional documents and
other instruments and to take all such further action as Parent may
reasonably request to consummate and make effective the
transactions contemplated by this Agreement.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">12.</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="font-weight: bold; text-decoration: underline; background-color: rgb(255, 255, 255);">RESERVED</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">13.&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline; background-color: rgb(255, 255, 255);">Specific
Performance</font>.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px;">Each
Party hereto acknowledges that it will be difficult to measure in
money the damage to the other Party if a Party hereto fails to
comply with any of the obligations imposed by this Agreement, that
every such obligation is material and that, in the event of any
such failure, the other Party may not have an adequate remedy at
law or damages. Accordingly, each Party hereto agrees that the
other party may seek injunctive relief or other equitable remedy,
in addition to remedies at law or damages, as a remedy for any such
failure and will not oppose the seeking of such relief on the basis
that the other Party has an adequate remedy at law. Each Party
hereto agrees that it will not seek, and agrees to waive any
requirement for, the securing or posting of a bond in connection
with the other Party&#x2019;s seeking or obtaining such equitable
relief.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">14.&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline; background-color: rgb(255, 255, 255);">Entire
Agreement</font>.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px;">This
Agreement supersedes all prior agreements, written or oral, between
the Parties hereto with respect to the subject matter hereof and
contains the entire agreement between the Parties with respect to
the subject matter hereof. This Agreement may not be amended or
supplemented, and no provisions hereof may be modified or waived,
except by an instrument in writing signed by both of the Parties
hereto. No waiver of any provisions hereof by either Party shall be
deemed a waiver of any other provisions hereof by such Party, nor
shall any such waiver be deemed a continuing waiver of any
provision hereof by such Party.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">-6-</font></div>
</div>
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<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px"><a name="a742264">
<!--anchor--></a>15.&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline; background-color: rgb(255, 255, 255);">Notices</font>.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">All
notices, requests, consents, claims, demands, waivers and other
communications hereunder shall be in writing and shall be deemed to
have been given: (a) when delivered by hand (with written
confirmation of receipt); (b) when received by the addressee if
sent by a nationally recognized overnight courier (receipt
requested); (c) on the date sent by email of a PDF document (with
confirmation of transmission) if sent during normal business hours
of the recipient, and on the next Business Day if sent after normal
business hours of the recipient; or (d) 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 following addresses (or at such other
address for a Party as shall be specified in a notice given in
accordance with this Section 15):</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 96px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;">Crexendo,
Inc.</font></div>
<div style="text-align: left; margin-left: 96px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;">1615
South 52nd Street</font></div>
<div style="text-align: left; margin-left: 96px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;">Tempe,
AZ 85281</font></div>
<div style="text-align: left; margin-left: 96px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;">Attention: Jeffrey
Korn, General Counsel</font></div>
<div style="text-align: left; margin-left: 96px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;">Email:
jkorn@crexendo.com</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 96px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;">with a
copy (which shall not constitute notice) to:</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 96px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;">Squire
Patton Boggs (US) LLP</font></div>
<div style="text-align: left; margin-left: 96px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;">1 E.
Washington St., Suite 2700</font></div>
<div style="text-align: left; margin-left: 96px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;">Phoenix, Arizona
85004</font></div>
<div style="text-align: left; margin-left: 96px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;">Attention: Matthew
M. Holman, Esq.</font></div>
<div style="text-align: left; margin-left: 96px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;">Email:
matthew.holman@squirepb.com</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px;">If to
a Stockholder, to the address or email address set forth for
Stockholder on Schedule 1 attached hereto.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px;">Copy
to:</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 72px; margin-right: 0px; text-indent: 36px">
<font style="font-family: Times New Roman; font-size: 13px;">Procopio, Cory,
Hargreaves &amp; Savitch LLP</font></div>
<div style="text-align: left; margin-left: 72px; margin-right: 0px; text-indent: 36px">
<font style="font-family: Times New Roman; font-size: 13px;">525 B
Street, Suite 2200</font></div>
<div style="text-align: left; margin-left: 72px; margin-right: 0px; text-indent: 36px">
<font style="font-family: Times New Roman; font-size: 13px;">San
Diego, California 92101</font></div>
<div style="text-align: left; margin-left: 72px; margin-right: 0px; text-indent: 36px">
<font style="font-family: Times New Roman; font-size: 13px;">Attention: William
W. Eigner, Esq.</font></div>
<div style="text-align: left; margin-left: 72px; margin-right: 0px; text-indent: 36px">
<font style="font-family: Times New Roman; font-size: 13px">Email:
william.eigner@procopio.com</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">16.&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline; background-color: rgb(255, 255, 255);">Miscellaneous</font>.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 48px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">(a)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="font-weight: bold;">Governing
Law.</font> This Agreement shall be governed by and construed in
accordance with the laws of the State of Delaware regardless of the
laws that might otherwise govern under applicable principles of
conflicts of laws thereof.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<div id="ftr">
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">-7-</font></div>
</div>
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<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 48px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><a name="a700393">
<!--anchor--></a>(b)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="font-weight: bold;">Submission
to Jurisdiction.</font> Each of the Parties hereto irrevocably
agrees that any legal action with respect to this Agreement and the
rights and obligations arising hereunder, or for recognition and
enforcement of any judgment in respect of this Agreement and the
rights and obligations arising hereunder brought by the other Party
hereto or its successors or assigns shall be brought and determined
exclusively in the Court of Chancery of the State of Delaware, or
in the event (but only in the event) that such court does not have
subject matter jurisdiction over such legal action, in the federal
court within the State of Delaware. Each of the Parties hereto
agrees that mailing of process or other papers in connection with
any such legal action in the manner provided in Section 15 or in
such other manner as may be permitted by applicable laws, will be
valid and sufficient service thereof. Each of the Parties hereto
hereby irrevocably submits with regard to any such legal action for
itself and in respect of its property, generally and
unconditionally, to the personal jurisdiction of the aforesaid
courts and agrees that it will not bring any action relating to
this Agreement or any of the transactions contemplated by this
Agreement in any court or tribunal other than the aforesaid courts.
Each of the Parties hereto hereby irrevocably waives, and agrees
not to assert, by way of motion, as a defense, counterclaim, or
otherwise, in any legal action with respect to this Agreement and
the rights and obligations arising hereunder, or for recognition
and enforcement of any judgment in respect of this Agreement and
the rights and obligations arising hereunder: (i) any claim that it
is not personally subject to the jurisdiction of the above named
courts for any reason other than the failure to serve process in
accordance with this <font>Section 16(b)</font>; (ii) any claim
that it or its property is exempt or immune from jurisdiction of
any such court or from any legal process commenced in such courts
(whether through service of notice, attachment prior to judgment,
attachment in aid of execution of judgment, execution of judgment,
or otherwise); and (iii) to the fullest extent permitted by the
applicable law, any claim that (x) the suit, action, or proceeding
in such court is brought in an inconvenient forum, (y) the venue of
such suit, action, or proceeding is improper, or (z) this
Agreement, or the subject matter hereof, may not be enforced in or
by such courts.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 48px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-family: Times New Roman;">(c)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="font-weight: bold; font-family: Times New Roman;">Waiver
of Jury Trial.</font><font style="font-family: Times New Roman;">&#xA0;</font>EACH OF THE PARTIES
HERETO HEREBY IRREVOCABLY WAIVES ALL RIGHT TO TRIAL BY JURY AND ANY
ACTION, PROCEEDING OR COUNTERCLAIM (WHETHER BASED ON CONTRACT,
TORT, OR OTHERWISE) ARISING OUT OF OR RELATING TO THIS AGREEMENT OR
THE ACTIONS OF ANY PARTY HERETO IN NEGOTIATION, ADMINISTRATION,
PERFORMANCE OR ENFORCEMENT HEREOF<font style="font-family: Times New Roman;">.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 48px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">(d)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="font-weight: bold;">Expenses.</font>
All costs and expenses incurred in connection with this Agreement
shall be paid by the Party incurring such cost or expense, whether
or not the Mergers is consummated; provided that the Company shall
pay the costs and expenses of the Stockholders.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 48px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-family: Times New Roman;">(e)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="font-weight: bold; font-family: Times New Roman;">Severability.</font><font style="font-family: Times New Roman;">&#xA0;</font>In
the event that any provision of this Agreement or the application
thereof, becomes or is declared by a court of competent
jurisdiction to be illegal, void or unenforceable, the remainder of
this Agreement will continue in full force and effect and the
application of such provision to other persons or circumstances
will be interpreted so as reasonably to effect the intent of the
parties hereto. The parties further agree to replace such void or
unenforceable provision of this Agreement with a valid and
enforceable provision that will achieve, to the extent possible,
the economic, business and other purposes of such void or
unenforceable provision<font style="font-family: Times New Roman;">.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">-8-</font></div>
</div>
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<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 48px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-family: Times New Roman;">(f)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="font-weight: bold; font-family: Times New Roman;">Counterparts.</font>
<font style="font-family: Times New Roman;">This Agreement may be
executed in one or more counterparts,</font> all of which shall be
considered one and the same agreement and shall become effective
when one or more counterparts have been signed by each of the
parties and delivered to the other party, it being understood that
all parties need not sign the same counterpart. The exchange of a
fully executed Agreement (in counterparts or otherwise) by
facsimile, electronic transmission in PDF or any electronic
signature complying with the U.S. federal ESIGN Act of 2000, e.g.,
www.docusign.com format shall be sufficient to bind the parties to
the terms and conditions of this Agreement<font style="font-family: Times New Roman;">.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">(g)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="font-weight: bold;">Section
Headings.</font> All section headings herein are for convenience of
reference only and are not part of this Agreement, and no
construction or reference shall be derived therefrom.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<!--anchor--></a>(h)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="font-weight: bold;">Assignment</font>.
Neither Party to this Agreement may assign any of its rights or
obligations under this Agreement without the prior written consent
of the other Party hereto, except that Parent may assign, in its
sole discretion, all or any of its rights, interests and
obligations hereunder to any of its Affiliates. Subject to the
preceding sentence, this Agreement will be binding upon, inure to
the benefit of and be enforceable by the Parties and their
respective permitted successors and assigns. Any assignment
contrary to the provisions of this <font>Section 16(h)</font> shall
be null and void.</font></div>
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Third-Party Beneficiaries.</font> Nothing in this Agreement,
express or implied, is intended to or shall confer upon any Person
other than the Parties and their respective successors and
permitted assigns any legal or equitable right, benefit, or remedy
of any nature under or by reason of this Agreement.</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">[<font style="font-style: italic;">SIGNATURE
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<font style="font-family: Times New Roman; font-size: 13px">IN
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<font style="font-family: Times New Roman; font-size: 13px">CREXENDO,
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<font style="font-family: Times New Roman; font-size: 13px">Name:
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<font style="font-family: Times New Roman; font-size: 13px">Title:
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<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
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<font style="text-decoration: underline"><font style="font-family: Times New Roman; font-size: 13px">/s/ Anand
Buch<br></font></font></div>
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<font style="font-family: Times New Roman; font-size: 13px;">Name:
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<font style="text-decoration: underline"><font style="font-family: Times New Roman; font-size: 13px">/s/ David T.K.
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<font style="font-family: Times New Roman; font-size: 13px;">Name:
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<font style="font-family: Times New Roman; font-size: 13px;">[Signature
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<font style="text-decoration: underline"><font style="font-family: Times New Roman; font-size: 13px">/s/ James
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<font style="font-family: Times New Roman; font-size: 13px;">Name:
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EXHIBIT A</font></div>
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<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px;">
CONSENT OF SPOUSE</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">I,
[SIGNING SPOUSE NAME], spouse of [STOCKHOLDER NAME], acknowledge
that I have read the Voting and Support Agreement, dated as of
March ___, 2021, by and among Crexendo, Inc., a Nevada corporation
and those certain stockholders of NetSapiens, Inc., a Delaware
corporation (the &#x201C;<font style="font-weight: bold;">Company</font>&#x201D;), indicated on the
signature pages therein, to which this Consent is attached as
<font style="text-decoration: underline;">Exhibit A</font> (as the
same may be amended or amended and restated from time to time, the
&#x201C;<font style="font-weight: bold;">Agreement</font>&#x201D;),
and that I understand the contents of the Agreement. I am aware
that my spouse is a party to the Agreement and the Agreement
contains provisions regarding the voting and transfer of the Shares
(as defined in the Agreement) of the Company which my spouse may
own, including any interest I might have therein.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px;">I
hereby agree that I and any interest, including any community
property interest, that I may have in any of the Shares subject to
the Agreement shall be irrevocably bound by the Agreement,
including any restrictions on the transfer or other disposition of
any of the Shares or voting or other obligations as set forth in
the Agreement. I hereby appoint [STOCKHOLDER NAME] as my
attorney-in-fact with respect to the exercise of any rights and
obligations under the Agreement.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px;">This
Consent shall be binding on my executors, administrators, heirs and
assigns. I agree to execute and deliver such documents as may be
necessary to carry out the intent of the Agreement and this
Consent.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px;">I am
aware that the legal, financial and related matters contained in
the Agreement are complex and that I am free to seek independent
professional guidance or counsel with respect to this Consent. I
have either sought such guidance or counsel or determined after
reviewing the Agreement carefully that I will waive such right. I
am under no disability or impairment that affects my decision to
sign this Consent and I knowingly and voluntarily intend to be
legally bound by this Consent.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px;">Dated
as of __________</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px;">__________________________________</font></div>
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<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px;">Signature</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px;">__________________________________</font></div>
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<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px;">Print
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<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>4
<FILENAME>cxdo_ex102.htm
<DESCRIPTION>VOTING AND SUPPORT AGREEMENT
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px;">
Exhibit 10.2</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px;">
VOTING AND SUPPORT AGREEMENT</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">This
VOTING AND SUPPORT AGREEMENT (this &#x201C;<font style="font-weight: bold">Agreement</font>&#x201D;), dated as of March 5,
2021, is entered into by and between the undersigned stockholder
(&#x201C;<font style="font-weight: bold">Stockholder</font>&#x201D;)
of Crexendo, Inc., a Nevada corporation (the &#x201C;<font style="font-weight: bold">Parent</font>&#x201D;), and NetSapiens, Inc., a
Delaware corporation (&#x201C;<font style="font-weight: bold">Company</font>&#x201D;). Parent and Stockholder
are each sometimes referred to herein individually as a
&#x201C;<font style="font-weight: bold">Party</font>&#x201D; and
collectively as the &#x201C;<font style="font-weight: bold">Parties.</font>&#x201D;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">WHEREAS,
concurrently with the execution of this Agreement, the Company,
Parent, Crexendo Merger Sub, Inc., a Delaware corporation and a
direct, wholly-owned subsidiary of Parent (&#x201C;<font style="font-weight: bold">Merger Sub I</font>&#x201D;), Crexendo Merger
Sub, LLC, a Delaware limited liability company and a direct,
wholly-owned subsidiary of Parent (&#x201C;<font style="font-weight: bold">Merger Sub II</font>&#x201D; and, together with
Merger Sub I, the &#x201C;<font style="font-weight: bold">Merger
Subs</font>&#x201D;) and David Wang as Stockholder Representative
therein, have entered, into an Agreement and Plan of Merger and
Reorganization (as the same may be amended from time to time, the
&#x201C;<font style="font-weight: bold">Merger
Agreement</font>&#x201D;), providing for, among other things, a
statutory merger of Merger Sub I with and into the Company (the
&#x201C;<font style="font-weight: bold">First Merger</font>&#x201D;),
and, as part of the same overall transaction, the surviving
corporation in the First Merger would merge with and into Merger
Sub II (the &#x201C;<font style="font-weight: bold">Second
Merger</font>,&#x201D; and together with the First Merger, the
&#x201C;<font style="font-weight: bold">Mergers</font>&#x201D;)
pursuant to the terms and conditions of the Merger
Agreement;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">WHEREAS, in order
to induce the Company to enter into the Merger Agreement,
Stockholder is willing to make certain representations, warranties,
covenants, and agreements as set forth in this Agreement with
respect to the shares of common stock, par value $0.001 per share,
of Parent (&#x201C;<font style="font-weight: bold">Parent Common
Stock</font>&#x201D;) Beneficially Owned by Stockholder and set
forth below Stockholder&#x2019;s signature on the signature page
hereto (the &#x201C;<font style="font-weight: bold">Original
Shares</font>&#x201D; and, together with any additional shares of
Parent Common Stock pursuant to <font style="font-family: Times New Roman; font-size: 13px">Section</font> 6
hereof, the &#x201C;<font style="font-weight: bold">Shares</font>&#x201D;); and</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">WHEREAS, the Board
of Directors of Parent has approved this Agreement and the
execution, delivery and performance thereof by the parties
hereto;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">WHEREAS, obtaining
the Parent Stockholder Approval is a condition precedent to the
consummation of the Mergers;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">WHEREAS, as a
condition to its willingness to enter into the Merger Agreement,
the Company has required that Stockholder, and Stockholder has
agreed to, execute and deliver this Agreement.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">NOW,
THEREFORE, in consideration of the foregoing and the respective
representations, warranties, covenants, and agreements set forth
below and for other good and valuable consideration, the receipt,
sufficiency, and adequacy of which are hereby acknowledged, the
Parties hereto, intending to be legally bound, do hereby agree as
follows:</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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</div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px"><a name="a394067">
<!--anchor--></a>1.&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline; background-color: rgb(255, 255, 255);">Definitions</font>.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">For
purposes of this Agreement, capitalized terms used and not
otherwise defined herein shall have the respective meanings
ascribed to such terms in the Merger Agreement. When used in this
Agreement, the following terms in all of their tenses, cases, and
correlative forms shall have the meanings assigned to them in this
Section 1.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 48px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">(a)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#x201C;<font style="font-weight: bold;">Beneficially
Own</font>&#x201D; or &#x201C;<font style="font-weight: bold;">Beneficial Ownership</font>&#x201D; has the
meaning assigned to such term in Rule 13d-3 under the Exchange Act,
and a Person&#x2019;s beneficial ownership of securities shall be
calculated in accordance with the provisions of such rule (in each
case, irrespective of whether or not such rule is actually
applicable in such circumstance). For the avoidance of doubt,
&#x201C;Beneficially Own&#x201D; and &#x201C;Beneficial
Ownership&#x201D; shall also include record ownership of
securities.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 48px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">(b)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#x201C;<font style="font-weight: bold;">Beneficial
Owner</font>&#x201D; shall mean the Person who Beneficially Owns the
referenced securities.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">2.&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline; background-color: rgb(255, 255, 255);">Representations
of Stockholder</font>.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px;">Stockholder
represents and warrants to the Company that:</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 48px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">(a)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="font-weight: bold;">Ownership
of Shares</font>. Stockholder: (i) is the Beneficial Owner of all
of the Original Shares free and clear of any proxy, voting
restriction, adverse claim, or other Liens, other than those
created by this Agreement or under applicable federal or state
securities laws; and (ii) has the sole voting power over all of the
Original Shares. Except pursuant to this Agreement, there are no
options, warrants, or other rights, agreements, arrangements, or
commitments of any character to which Stockholder is a party
relating to the pledge, disposition, or voting of any of the
Original Shares and there are no voting trusts or voting agreements
with respect to the Original Shares.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 48px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">(b)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="font-weight: bold;">Disclosure
of All Shares Owned</font>. Stockholder does not Beneficially Own
any shares of Parent Common Stock other than: (i) the Original
Shares; and (ii) any options, warrants, or other rights to acquire
any additional shares of Parent Common Stock or any security
exercisable for or convertible into shares of Parent Common Stock,
set forth on the signature page of this Agreement (collectively,
&#x201C;<font style="font-weight: bold;">Options</font>&#x201D;).</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 48px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">(c)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="font-weight: bold;">Power
and Authority; Binding Agreement.</font> Stockholder has the
requisite power and authority and legal capacity to enter into,
execute, and deliver this Agreement and to perform fully
Stockholder&#x2019;s obligations hereunder (including the proxy
described in <font>Section 3(b)</font> below)). This Agreement has
been duly and validly executed and delivered by Stockholder and
constitutes the legal, valid, and binding obligation of
Stockholder, enforceable against Stockholder in accordance with its
terms except as may be limited by applicable bankruptcy,
insolvency, reorganization, moratorium or other similar laws
affecting creditors&#x2019; rights generally or rules of law
governing specific performance, injunctive relief, other equitable
remedies and other general principles of equity.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 48px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">(d)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="font-weight: bold;">No
Conflict.</font> The execution and delivery of this Agreement by
Stockholder does not, and the consummation of the transactions
contemplated hereby and the compliance with the provisions hereof
will not, conflict with or violate any law applicable to
Stockholder or result in any breach of or violation of, or
constitute a default (or an event that with notice or lapse of time
or both would become a default) under, or give to others any rights
of termination, amendment, acceleration, or cancellation of, or
result in the creation of any Lien on any of the Shares pursuant
to, any agreement or other instrument or obligation binding upon
Stockholder or any of the Shares.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 48px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">(e)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="font-weight: bold;">No
Consents.</font> No consent, approval, Order, or authorization of,
or, except for any filings required under the Securities Exchange
Act of 1934, as amended, and the rules and regulations promulgated
thereunder, registration, declaration, or filing with, any
Governmental Entity or any other Person on the part of Stockholder
is required in connection with the valid execution and delivery of
this Agreement. No consent of Stockholder&#x2019;s spouse is
necessary under any &#x201C;community property&#x201D; or other laws
in order for Stockholder to enter into and perform its obligations
under this Agreement or, if required, such consent has been
obtained and is evidenced by a signed copy of the Consent of Spouse
on the form attached hereto as <font style="text-decoration: underline;">Exhibit A</font> delivered to the
Company prior to or at the time of signing this
Agreement;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 48px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">(f)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="font-weight: bold;">No
Litigation.</font> There is no action, suit, investigation, or
proceeding (whether judicial, arbitral, administrative, or other)
(each an &#x201C;<font style="font-weight: bold;">Action</font>&#x201D;) pending against, or, to
the knowledge of Stockholder, threatened against or affecting,
Stockholder that would reasonably be expected to materially impair
or materially adversely affect the ability of Stockholder to
perform Stockholder&#x2019;s obligations hereunder or to consummate
the transactions contemplated by this Agreement on a timely
basis.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 48px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">(g)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="font-weight: bold;">Independent
Advice.</font> Stockholder has carefully reviewed the Merger
Agreement, the other documentation relating to the Mergers and
other transactions contemplated in the Merger Agreement referred to
therein and this Agreement, and has had an opportunity to discuss
the Merger Agreement, such other documentation and this Agreement
with an attorney of his own choosing.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">3.&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline; background-color: rgb(255, 255, 255);">Agreement
to Vote Shares; Irrevocable Proxy</font>.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 48px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><a name="a488034">
<!--anchor--></a>(a)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="font-weight: bold;">Agreement
to Vote and Approve.</font> Stockholder irrevocably and
unconditionally agrees during the term of this Agreement, at any
annual or special meeting of Parent called with respect to the
following matters, and at every adjournment or postponement
thereof, and on every action or approval by written consent or
consents of Parent stockholders with respect to any of the
following matters, to vote or cause the holder of record to vote
the Shares: (i) in favor of (1) the Merger Agreement and the Parent
Stock Issuance and the other transactions contemplated by the
Merger Agreement, and (2) any proposal to adjourn or postpone such
meeting of stockholders of Parent to a later date if there are not
sufficient votes to approve the Parent Proposals; and (ii) (1)
against any action, proposal, transaction, or agreement which would
reasonably be expected to result in a breach of any covenant,
representation or warranty, or any other obligation or agreement of
Parent under the Merger Agreement or of Stockholder under this
Agreement, and (2) any action, proposal, transaction, or agreement
that would reasonably be expected to impede, interfere with, delay,
discourage, adversely affect, or inhibit the consummation of the
Mergers or the fulfillment of Parent&#x2019;s, the Company&#x2019;s,
the Stockholder Representative&#x2019;s or the Merger Subs&#x2019;
conditions under the Merger Agreement or change in any manner the
voting rights of any class of shares of Parent (including any
amendments to the Parent&#x2019;s charter documents).</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 48px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><a name="a733857">
<!--anchor--></a>(b)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="font-weight: bold;">Proxy.</font>
Stockholder hereby appoints the Company and any designee of the
Company, and each of them individually, until the Expiration Time
(as defined below) (at which time this proxy shall automatically be
revoked), its proxies and attorneys-in-fact, with full power of
substitution and resubstitution, to vote or act by written consent
during the term of this Agreement with respect to the Shares in
accordance with <font>Section 3(a)</font>. This proxy and power of
attorney is given to secure the performance of the duties of the
Stockholder under this Agreement. Stockholder shall take such
further action or execute such other instruments as may be
necessary to effectuate the intent of this proxy. This proxy and
power of attorney granted by Stockholder shall be irrevocable until
the Expiration Time, shall be deemed to be coupled with an interest
sufficient in law to support an irrevocable proxy, and shall revoke
any and all prior proxies granted by the Stockholder with respect
to the Shares. The power of attorney granted by Stockholder herein
is a durable power of attorney and shall survive the bankruptcy,
death, or incapacity of Stockholder. The proxy and power of
attorney granted hereunder shall terminate at the Expiration
Time.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">4.&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline; background-color: rgb(255, 255, 255);">No
Voting Trusts or Other Arrangement</font>.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px;">Stockholder agrees
that during the term of this Agreement, Stockholder will not, and
will not permit any entity under Stockholder&#x2019;s control to,
deposit any of the Shares in a voting trust, grant any proxies with
respect to the Shares, or subject any of the Shares to any
arrangement with respect to the voting of the Shares other than
agreements entered into with the Company.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px"><a name="a895848">
<!--anchor--></a>5.&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline; background-color: rgb(255, 255, 255);">Transfer
and Encumbrance</font>.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">Stockholder agrees
that during the term of this Agreement, except as specifically
contemplated by the Merger Agreement, Stockholder will not,
directly or indirectly, transfer, sell, offer, exchange, assign,
pledge, convey any legal or Beneficial Ownership interest in or
otherwise dispose of (by merger (including by conversion into
securities or other consideration), by tendering into any tender or
exchange offer, by testamentary disposition, by operation of law,
or otherwise), or encumber (&#x201C;<font style="font-weight: bold;">Transfer</font>&#x201D;) any of the Shares or
enter into any contract, option, or other agreement with respect
to, or consent to, a Transfer of, any of the Shares or
Stockholder&#x2019;s voting or economic interest therein, provided,
that Stockholder may pledge or encumber any of the Shares so long
as such pledge or encumbrance would not impair Stockholder&#x2019;s
ability to perform his obligations under this Agreement. Any
attempted Transfer of Shares or any interest therein in violation
of this Section 5 shall be null and void. This Section 5 shall not
prohibit a Transfer of the Shares by any Stockholder to any member
of Stockholder&#x2019;s immediate family, or to a trust for the
benefit of Stockholder or any member of Stockholder&#x2019;s
immediate family, or upon the death of Stockholder or to an
Affiliate of Stockholder; provided, that a Transfer referred to in
this sentence shall be permitted only if, as a precondition to such
Transfer, the transferee agrees in a writing, reasonably
satisfactory in form and substance to Parent, to be bound by all of
the terms of this Agreement.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">-4-</font></div>
</div>
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<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px"><a name="a472640">
<!--anchor--></a>6.&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline; background-color: rgb(255, 255, 255);">Additional
Shares</font>.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px;">Stockholder agrees
that all shares of Parent Common Stock that Stockholder purchases,
acquires the right to vote, or otherwise acquires Beneficial
Ownership of after the execution of this Agreement and prior to the
Expiration Time shall be subject to the terms and conditions of
this Agreement and shall constitute Shares for all purposes of this
Agreement. In the event of any stock split, stock dividend, merger,
reorganization, recapitalization, reclassification, combination,
exchange of shares, or the like of the capital stock of Parent
affecting the Shares, the terms of this Agreement shall apply to
the resulting securities and such resulting securities shall be
deemed to be &#x201C;Shares&#x201D; for all purposes of this
Agreement.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">7.&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline; background-color: rgb(255, 255, 255);">Waiver
of Certain Other Actions</font>.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 48px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">(a)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="font-weight: bold;">[Intentionally
Omitted]</font>.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 48px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">(b)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="font-weight: bold;">Waiver
of Certain Other Actions.</font> To the fullest extent permitted
under law, Stockholder hereby agrees not to commence or participate
in, and to take all actions necessary to opt out of any class in
any class action with respect to, any Action, derivative or
otherwise, against Parent, the Company, or any of their respective
subsidiaries or successors: (a) challenging the validity of, or
seeking to enjoin or delay the operation of, any provision of this
Agreement or the Merger Agreement (including any claim seeking to
enjoin or delay the Closing); or (b) alleging a breach of any duty
of the Board of Directors of the Company or Parent in connection
with the Merger Agreement, this Agreement, or the transactions
contemplated thereby or hereby.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px"><a name="a793933">
<!--anchor--></a>8.&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline; background-color: rgb(255, 255, 255);">Termination</font>.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">This
Agreement shall terminate upon the earliest to occur of (the
&#x201C;<font style="font-weight: bold;">Expiration
Time</font>&#x201D;): (a) the First Effective Time; (b) the date on
which the Merger Agreement is terminated in accordance with its
terms; and (c) the termination of this Agreement by mutual written
consent of the Parties. Nothing in this Section 8 shall relieve or
otherwise limit the liability of any Party for any intentional
breach of this Agreement prior to such termination.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">9.&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline; background-color: rgb(255, 255, 255);">[Intentionally
Omitted]</font><font style="background-color: rgb(255, 255, 255);">.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">10.&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline; background-color: rgb(255, 255, 255);">No
Agreement as Director or Officer</font>.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px;">Stockholder makes
no agreement or understanding in this Agreement in
Stockholder&#x2019;s capacity as a director or officer of Parent or
any of its subsidiaries (if Stockholder holds such office), and
nothing in this Agreement: (a) will limit or affect any actions or
omissions taken by Stockholder in stockholder&#x2019;s capacity as
such a director or officer of Parent, including in exercising
rights under the Merger Agreement, and no such actions or omissions
shall be deemed a breach of this Agreement; or (b) will be
construed to prohibit, limit, or restrict Stockholder from
exercising Stockholder&#x2019;s fiduciary duties as an officer or
director to Parent or its stockholders.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">11.&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline; background-color: rgb(255, 255, 255);">Further
Assurances</font>.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px;">Stockholder
agrees, from time to time, and without additional consideration, to
execute and deliver such additional documents and other instruments
and to take all such further action as the Company may reasonably
request to consummate and make effective the transactions
contemplated by this Agreement.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">-5-</font></div>
</div>
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<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">12.&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline; background-color: rgb(255, 255, 255);">Reserved.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">13.&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline; background-color: rgb(255, 255, 255);">Specific
Performance</font>.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px;">Each
Party hereto acknowledges that it will be difficult to measure in
money the damage to the other Party if a Party hereto fails to
comply with any of the obligations imposed by this Agreement, that
every such obligation is material and that, in the event of any
such failure, the other Party may not have an adequate remedy at
law or damages. Accordingly, each Party hereto agrees that the
other Party may seek injunctive relief or other equitable remedy,
in addition to remedies at law or damages, as a remedy for any such
failure and will not oppose the seeking of such relief on the basis
that the other Party has an adequate remedy at law. Each Party
hereto agrees that it will not seek, and agrees to waive any
requirement for, the securing or posting of a bond in connection
with the other Party&#x2019;s seeking or obtaining such equitable
relief.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">14.&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline; background-color: rgb(255, 255, 255);">Entire
Agreement</font>.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px;">This
Agreement supersedes all prior agreements, written or oral, between
the Parties hereto with respect to the subject matter hereof and
contains the entire agreement between the Parties with respect to
the subject matter hereof. This Agreement may not be amended or
supplemented, and no provisions hereof may be modified or waived,
except by an instrument in writing signed by both of the Parties
hereto. No waiver of any provisions hereof by either Party shall be
deemed a waiver of any other provisions hereof by such Party, nor
shall any such waiver be deemed a continuing waiver of any
provision hereof by such Party.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px"><a name="a742264">
<!--anchor--></a>15.&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline; background-color: rgb(255, 255, 255);">Notices</font>.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">All
notices, requests, consents, claims, demands, waivers and other
communications hereunder shall be in writing and shall be deemed to
have been given: (a) when delivered by hand (with written
confirmation of receipt); (b) when received by the addressee if
sent by a nationally recognized overnight courier (receipt
requested); (c) on the date sent by email of a PDF document (with
confirmation of transmission) if sent during normal business hours
of the recipient, and on the next Business Day if sent after normal
business hours of the recipient; or (d) 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 following addresses (or at such other
address for a Party as shall be specified in a notice given in
accordance with this Section 15):</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 96px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;">NetSapiens,
Inc.</font></div>
<div style="text-align: left; margin-left: 96px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;">PO Box
8588</font></div>
<div style="text-align: left; margin-left: 96px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;">La
Jolla, CA 92038</font></div>
<div style="text-align: left; margin-left: 96px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;">Attention: Anand
Buch</font></div>
<div style="text-align: left; margin-left: 96px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Email:
abuch@netsapiens.com</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 96px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;">with a
copy (which shall not constitute notice) to:</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 96px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;">Procopio, Cory,
Hargreaves &amp; Savitch LLP</font></div>
<div style="text-align: justify; margin-left: 48px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px;">525 B
Street, Suite 2200</font></div>
<div style="text-align: justify; margin-left: 48px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px;">San
Diego, California 92101</font></div>
<div style="text-align: justify; margin-left: 48px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px;">Attention: William
W. Eigner, Esq.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">Email:
william.eigner@procopio.com</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<div id="ftr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">-6-</font></div>
</div>
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<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px;">If to
Stockholder, to the address or email address set forth for
Stockholder on the signature page hereof.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px;">Copy
to:</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 96px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;">Squire
Patton Boggs (US) LLP</font></div>
<div style="text-align: left; margin-left: 96px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;">1 E.
Washington St., Suite 2700</font></div>
<div style="text-align: left; margin-left: 96px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;">Phoenix, Arizona
85004</font></div>
<div style="text-align: left; margin-left: 96px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;">Attention: Matthew
M. Holman, Esq.</font></div>
<div style="text-align: left; margin-left: 96px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;">Email:
matthew.holman@squirepb.com</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">16.&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline; background-color: rgb(255, 255, 255);">Miscellaneous</font>.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 48px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">(a)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="font-weight: bold;">Governing
Law.</font> This Agreement shall be governed by and construed in
accordance with the laws of the State of Delaware regardless of the
laws that might otherwise govern under applicable principles of
conflicts of laws thereof.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 48px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><a name="a700393">
<!--anchor--></a>(b)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="font-weight: bold;">Submission
to Jurisdiction.</font> Each of the Parties hereto irrevocably
agrees that any legal action with respect to this Agreement and the
rights and obligations arising hereunder, or for recognition and
enforcement of any judgment in respect of this Agreement and the
rights and obligations arising hereunder brought by the other Party
hereto or its successors or assigns shall be brought and determined
exclusively in the Court of Chancery of the State of Delaware, or
in the event (but only in the event) that such court does not have
subject matter jurisdiction over such legal action, in the federal
court within the State of Delaware. Each of the Parties hereto
agrees that mailing of process or other papers in connection with
any such legal action in the manner provided in Section 15 or in
such other manner as may be permitted by applicable laws, will be
valid and sufficient service thereof. Each of the Parties hereto
hereby irrevocably submits with regard to any such legal action for
itself and in respect of its property, generally and
unconditionally, to the personal jurisdiction of the aforesaid
courts and agrees that it will not bring any action relating to
this Agreement or any of the transactions contemplated by this
Agreement in any court or tribunal other than the aforesaid courts.
Each of the Parties hereto hereby irrevocably waives, and agrees
not to assert, by way of motion, as a defense, counterclaim, or
otherwise, in any legal action with respect to this Agreement and
the rights and obligations arising hereunder, or for recognition
and enforcement of any judgment in respect of this Agreement and
the rights and obligations arising hereunder: (i) any claim that it
is not personally subject to the jurisdiction of the above named
courts for any reason other than the failure to serve process in
accordance with this <font>Section 16(b)</font>; (ii) any claim
that it or its property is exempt or immune from jurisdiction of
any such court or from any legal process commenced in such courts
(whether through service of notice, attachment prior to judgment,
attachment in aid of execution of judgment, execution of judgment,
or otherwise); and (iii) to the fullest extent permitted by the
applicable law, any claim that (x) the suit, action, or proceeding
in such court is brought in an inconvenient forum, (y) the venue of
such suit, action, or proceeding is improper, or (z) this
Agreement, or the subject matter hereof, may not be enforced in or
by such courts.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<div id="ftr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">-7-</font></div>
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<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 48px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">(c)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="font-weight: bold;">Waiver
of Jury Trial.</font> EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY
WAIVES ALL RIGHT TO TRIAL BY JURY AND ANY ACTION, PROCEEDING OR
COUNTERCLAIM (WHETHER BASED ON CONTACT, TORT, OR OTHERWISE) ARISING
OUT OF OR RELATING TO THIS AGREEMENT OR THE ACTIONS OF ANY PARTY
HERETO IN NEGOTIATION, ADMINISTRATION, PERFORMANCE OR THE ACTIONS
OF ANY PARTY HERETO IN NEGOTIATION, ADMINISTRATION, PERFORMANCE OR
ENFORCEMENT HEREOF.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 48px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">(d)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="font-weight: bold;">Expenses.</font>
All costs and expenses incurred in connection with this Agreement
shall be paid by the Party incurring such cost or expense, whether
or not the Mergers is consummated; provided that the Company shall
pay the costs and expenses of the Stockholder.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 48px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">(e)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="font-weight: bold;">Severability.</font>
In the event that any provision of this Agreement or the
application thereof, becomes or is declared by a court of competent
jurisdiction to be illegal, void or unenforceable, the remainder of
this Agreement will continue in full force and effect and the
application of such provision to other persons or circumstances
will be interpreted so as reasonably to effect the intent of the
parties hereto. The parties further agree to replace such void or
unenforceable provision of this Agreement with a valid and
enforceable provision that will achieve, to the extent possible,
the economic, business and other purposes of such void or
unenforceable provision.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 48px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">(f<font style="font-weight: bold;">)<font style="font-family: Times New Roman; font-size: 13px">&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
</font></font><font style="font-weight: bold; font-family: Times New Roman;">Counterparts</font><font style="font-family: Times New Roman;">.</font><font style="font-weight: bold; font-family: Times New Roman;">&#xA0;</font>This
Agreement may be executed in one or more counterparts, all of which
shall be considered one and the same agreement and shall become
effective when one or more counterparts have been signed by each of
the parties and delivered to the other party, it being understood
that all parties need not sign the same counterpart. The exchange
of a fully executed Agreement (in counterparts or otherwise) by
facsimile, electronic transmission in PDF or any electronic
signature complying with the U.S. federal ESIGN Act of 2000, e.g.,
www.docusign.com format shall be sufficient to bind the parties to
the terms and conditions of this Agreement.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 48px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">(g)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="font-weight: bold;">Section
Headings.</font> All section headings herein are for convenience of
reference only and are not part of this Agreement, and no
construction or reference shall be derived therefrom.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 48px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><a name="a252377">
<!--anchor--></a>(h)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="font-weight: bold;">Assignment</font>.
Neither Party to this Agreement may assign any of its rights or
obligations under this Agreement without the prior written consent
of the other Party hereto. Subject to the preceding sentence, this
Agreement will be binding upon, inure to the benefit of and be
enforceable by the Parties and their respective permitted
successors and assigns. Any assignment contrary to the provisions
of this <font>Section 16(h)</font> shall be null and
void.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 48px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">(i)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="font-weight: bold;">No
Third-Party Beneficiaries.</font> Nothing in this Agreement,
express or implied, is intended to or shall confer upon any Person
other than the Parties and their respective successors and
permitted assigns any legal or equitable right, benefit, or remedy
of any nature under or by reason of this Agreement.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">[<font style="font-style: italic;">SIGNATURE
PAGE FOLLOWS</font>]</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">-8-</font></div>
</div>
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</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">IN
WITNESS WHEREOF, the Parties hereto have executed and delivered
this Agreement as of the date first written above.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div>
<table cellpadding="0" cellspacing="0" style="width: 100%; font-family: Times New Roman; font-size: 13px">
<tr>
<td style="vertical-align: top; width: 3%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 97%">
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 36px">
<font style="font-family: Times New Roman; font-size: 13px">NETSAPIENS,
INC.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<td style="vertical-align: top; width: 97%;">
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 36px">
<font style="font-family: Times New Roman; font-size: 13px">By
<font style="text-decoration: underline">/s/Anand
Buch</font><br></font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 36px">
<font style="font-family: Times New Roman; font-size: 13px">Name:
Anand Buch</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 36px">
<font style="font-family: Times New Roman; font-size: 13px">Title:
Chief Executive Officer &amp;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 36px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Co-Founder</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 3%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 97%">
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 36px">
<font style="font-family: Times New Roman; font-size: 13px">STOCKHOLDER</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 3%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 97%;">
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 36px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">/s/<font style="font-family: Times New Roman; text-decoration: underline;">&#xA0;</font>Steven
G. Mihaylo</font><br></font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 36px">
<font style="font-family: Times New Roman; font-size: 13px">Name:
Steven G. Mihaylo</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 36px">
<font style="font-family: Times New Roman; font-size: 13px">Number
of Shares of Parent Common Stock Beneficially Owned as of the date
of this Agreement: 10,298,468</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 36px">
<font style="font-family: Times New Roman; font-size: 13px">Number
of Options Beneficially Owned as of the date of this Agreement:
116,234</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 36px">
<font style="font-family: Times New Roman; font-size: 13px">Street
Address: 1615 S. 52nd Street</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 36px">
<font style="font-family: Times New Roman; font-size: 13px">City/State/Zip
Code: Tempe, AZ 85281</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 36px">
<font style="font-family: Times New Roman; font-size: 13px">Email:
smihaylo@crexendo.com</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px;">[Signature Page to
Voting and Support Agreement]</font></div>
</div>
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</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="text-decoration: underline; font-weight: bold; font-family: Times New Roman; font-size: 13px;">
EXHIBIT A</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px;">
CONSENT OF SPOUSE</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">I,
_________________, spouse of Steven G. Mihaylo, acknowledge that I
have read the Voting and Support Agreement, dated as of March ___,
2021, by and between NetSapiens, Inc., a Delaware corporation, and
Steven G. Mihaylo, to which this Consent is attached as
<font style="text-decoration: underline;">Exhibit A</font> (as the
same may be amended or amended and restated from time to time, the
&#x201C;<font style="font-weight: bold;">Agreement</font>&#x201D;),
and that I understand the contents of the Agreement. I am aware
that my spouse is a party to the Agreement and the Agreement
contains provisions regarding the voting and transfer of the Shares
(as defined in the Agreement) which my spouse may own, including
any interest I might have therein.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px;">I
hereby agree that I and any interest, including any community
property interest, that I may have in any of the Shares subject to
the Agreement shall be irrevocably bound by the Agreement,
including any restrictions on the transfer or other disposition of
any of the Shares or voting or other obligations as set forth in
the Agreement. I hereby appoint Steven G. Mihaylo as my
attorney-in-fact with respect to the exercise of any rights and
obligations under the Agreement.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px;">This
Consent shall be binding on my executors, administrators, heirs and
assigns. I agree to execute and deliver such documents as may be
necessary to carry out the intent of the Agreement and this
Consent.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px;">I am
aware that the legal, financial and related matters contained in
the Agreement are complex and that I am free to seek independent
professional guidance or counsel with respect to this Consent. I
have either sought such guidance or counsel or determined after
reviewing the Agreement carefully that I will waive such right. I
am under no disability or impairment that affects my decision to
sign this Consent and I knowingly and voluntarily intend to be
legally bound by this Consent.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px;">Dated
as of __________</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px;">__________________________________</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px;">Signature</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px;">__________________________________</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px;">Print
Name</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>5
<FILENAME>cxdo_ex991.htm
<DESCRIPTION>PRESS RELEASE
<TEXT>
<html>
<head>
<!-- Document created using Blueprint(R) - powered by Issuer Direct - www.issuerdirect.com -->
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<title>cxdo_ex991</title>
</head>
<body style="font-family: Times New Roman; font-size: 13px;">
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="hdr">
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</div>
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<font style="font-size: 13px"><font style="font-weight: bold; font-family: Times New Roman; font-size: 16px"><font style="font-size: 13px">
Exhibit 99.1</font></font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 16px">
Crexendo Enters into Definitive Agreement to Acquire
NetSapiens</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font><font style="font-family: Times New Roman; font-size: 10"><br>
</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">PHOENIX,
AZ / ACCESSWIRE / March 8, 2021 / Crexendo, Inc. (NASDAQ:CXDO)
<font style="color: #080808; background-color: #FDFDFA">an
award-winning premier provider of cloud communications, UCaaS
(Unified Communications as a Service), call center, collaboration
services, and other cloud business services that are designed to
provide enterprise-class cloud services to any size business at
affordable monthly rates,</font> today announced that it had
entered into a definitive agreement to acquire NetSapiens,
Inc.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">NetSapiens
is an award-winning, patented cloud-native communications platform
delivered via a high availability, multi-tenant solution that can
be consumed however the service providers prefer, in their cloud or
the NetSapiens cloud, on a subscription or a purchase model. They
currently support over 1.7 million users on their platform through
a community of partners</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Pursuant
to the agreement, Crexendo will acquire NetSapiens through a merger
for approximately Fifty Million Dollars, consisting of $10 Million
in cash and the remainder in stock consideration (which will
include both shares of common stock and stock options), Crexendo
will be issuing approximately 6,462,036 total shares and
options.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">The
transaction will be subject to approval by both Crexendo and
NetSapiens shareholders. Crexendo will be issuing a proxy which
will include a definitive proxy statement relating to a merger or
acquisition. Crexendo will then be holding a meeting of
shareholders expected to be in April or May 2021 with closing
expected to occur shortly thereafter.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Steven
G. Mihaylo, Chief Executive Officer commented "This is an important
and transformational step for Crexendo. This is our first material
accretive acquisition, and I could not be more pleased with the
synergies between our companies. Crexendo with this step is enabled
to become a dominant supplier with a rapidly growing global
platform supporting over 1.7M users. This is our first major step
in accelerating our growth and expanding our footprint. This
accretive and synergistic acquisition is a win for both companies.
Crexendo will be able to increase its offerings and size using the
NetSapiens technology and will further benefit from a wealth of
additional engineering, sales, and marketing talent. The NetSapiens
team will benefit from the Crexendo resources and public company
cache to continue their growth and enhance their offering
portfolio. I could not be more excited about this acquisition, the
benefits for both companies and our future. We believe that this
transaction is going to substantially increase shareholder value. I
look forward to welcoming Anand and his team, and I know we will
make a winning combination.&#x201D;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Doug
Gaylor, President and Chief Operating Officer, stated, "I am very
excited about our merger with NetSapiens and what this means for
the combined company. Our senior management teams have been working
together for some time and we have developed a superb working
relationship and friendships. We have all come to believe that the
combination of these two excellent companies will be a benefit for
all customers, employees and most particularly Crexendo
shareholders. The combined company will open up opportunities to
provide excellence to our customers and to accelerate our
growth.&#x201D;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Anand
Buch, co-founder and CEO of NetSapiens stated &#x201C;Today&#x2019;s
announcement is an exciting milestone for NetSapiens and an
important step in accelerating our growth. I share Doug&#x2019;s
sentiment that our teams will work closely together to provide
substantial value to our partner community, our customers and
Crexendo shareholders. This agreement with Crexendo is a testament
to the value NetSapiens has created and the reputation our team has
built. This partnership with Crexendo, will enable us to move
faster, be more agile, accelerate our strategic vision and
ultimately deliver deeper more powerful solutions that help our
service provider community thrive.&#x201D;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Colliers
Securities LLC is serving as the exclusive financial advisor to
Crexendo in the transaction.</font></div>
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<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font>
<font style="font-family: Times New Roman; font-size: 10"><br>
</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
About Crexendo</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Crexendo,
Inc. is an award-winning premier provider of UCaaS (Unified
Communications as a Service), call center, collaboration services,
and other cloud business services that are designed to provide
enterprise-class cloud services to any size business at affordable
monthly rates.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #373737; background-color: #FFFFFF; font-weight: bold; font-family: Times New Roman; font-size: 13px">
About NetSapiens</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #373737; background-color: #FFFFFF">
NetSapiens, Inc. provides</font><font style="color: #333333; background-color: #FFFFFF">&#xA0; a comprehensive
suite of unified communications (UC), video conferencing,
Collaboration &amp; contact center solutions to</font> <font style="color: #373737; background-color: #FFFFFF">over 190+ service
providers , servicing over 1.7M users around the globe.</font>
<font style="color: #333333; background-color: #FFFFFF">Our
platform enables our service provider partners to custom-package
with unprecedented levels of flexibility, profitability, and ease
of use.</font></font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
Forward Looking Statement/Safe Harbor</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">This
press release contains forward-looking statements. The Private
Securities Litigation Reform Act of 1995 provides a "safe harbor"
for such forward-looking statements. The words "believe," "expect,"
"anticipate," "estimate," "will" and other similar statements of
expectation identify forward-looking statements.<font style="font-family: Times New Roman">&#xA0;</font>Specific
forward-looking statements in this press release include
information about Crexendo (i) believing the transaction is an
important and transformational step; (ii) being pleased with the
synergies between the companies; (iii) becoming a dominant supplier
with a rapidly growing global platform supporting over 1.7M users;
(iv) having this as its first major step in accelerating its growth
and expanding its footprint; (v) believing this is an accretive and
synergistic acquisition and being a win for both companies; (vi)
being able to increase its offerings and size using the NetSapiens
technology and benefiting from additional engineering, sales, and
marketing talent; (vii) NetSapiens benefiting from the Crexendo
resources and public company cache to continue their growth and
enhance their offering portfolio; (viii) being excited about this
acquisition and the future for both companies; (ix) believing that
this transaction is going to substantially increase shareholder
value; (x) looking forward to welcoming Anand and his team which
will be a winning combination; (xi) being excited about the merger
with NetSapiens and what this means for the combined company; (xii)
believing that the combination of these two excellent companies
will be a benefit for all customers, employees and Crexendo
shareholders; (xiii) believing the combined company will open up
opportunities to provide excellence to its customers and to
accelerate its growth; (xiv) believing this is a very important
step in accelerating the NetSapiens growth; (xv) believing that
that the teams will work closely together to provide substantial
value to customers and shareholders; (xvi) the agreement is a
testament to the value NetSapiens has created and the reputation it
has built.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">For a
more detailed discussion of risk factors that may affect Crexendo's
operations and results, please refer to the company's Form 10-K for
the year ended December 31, 2019, Form 10-K for the fiscal year
ended December 31, 2020 (when filed) the SEC Form 8K when filed
with the SEC. These forward-looking statements speak only as of the
date on which such statements are made, and the company undertakes
no obligation to update such forward-looking statements, except as
required by law.</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;<br>
</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
Additional Information and Where to Find It</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">In
connection with the proposed Transactions, Crexendo plans to file
relevant materials with the Securities and Exchange Commission (the
&#x201C;SEC&#x201D;), including a proxy statement on Schedule 14A.
Promptly after filing its definitive proxy statement with the SEC,
the company will mail the definitive proxy statement to each
shareholder entitled to vote at the stockholder meeting relating to
the Transactions. INVESTORS AND SHAREHOLDERS ARE URGED TO CAREFULLY
READ THE PROXY STATEMENT (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS
THERETO AND ANY DOCUMENTS INCORPORATED BY REFERENCE THEREIN) AND
ANY OTHER RELEVANT DOCUMENTS IN CONNECTION WITH THE TRANSACTIONS
THAT THE COMPANY WILL FILE WITH THE SEC WHEN THEY BECOME AVAILABLE
BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE
TRANSACTIONS AND THE PARTIES TO THE TRANSACTION. The definitive
proxy statement, the preliminary proxy statement, and other
relevant materials in connection with the Transactions (when they
become available) and any other documents filed by the company with
the SEC may be obtained free of charge at the SEC&#x2019;s website
(www.sec.gov).</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
Participants in the Solicitation</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Crexendo
and its directors, executive officers, other members of management,
and employees, under SEC rules, may be deemed to be participants in
the solicitation of proxies of the company&#x2019;s stockholders in
connection with the Mergers and the related transactions. Investors
and security holders may obtain more detailed information regarding
the names and interests in the proposed transactions of the
company&#x2019;s directors and officers, including a description of
their direct interests, by security holdings or otherwise, in the
company&#x2019;s filings with the SEC, including the proxy statement
to be filed with the SEC.</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
CONTACT:</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Crexendo,
Inc.</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Doug
Gaylor</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">President
and Chief Operating Officer</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">602-732-7990</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">dgaylor@crexendo.com</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">SOURCE:
Crexendo, Inc.</font></div>
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