<SEC-DOCUMENT>0001104659-20-138128.txt : 20201221
<SEC-HEADER>0001104659-20-138128.hdr.sgml : 20201221
<ACCEPTANCE-DATETIME>20201221171630
ACCESSION NUMBER:		0001104659-20-138128
CONFORMED SUBMISSION TYPE:	DEFA14A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20201221
DATE AS OF CHANGE:		20201221
EFFECTIVENESS DATE:		20201221

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SPORTSMAN'S WAREHOUSE HOLDINGS, INC.
		CENTRAL INDEX KEY:			0001132105
		STANDARD INDUSTRIAL CLASSIFICATION:	RETAIL-MISCELLANEOUS SHOPPING GOODS STORES [5940]
		IRS NUMBER:				391795614
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0130

	FILING VALUES:
		FORM TYPE:		DEFA14A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-36401
		FILM NUMBER:		201405068

	BUSINESS ADDRESS:	
		STREET 1:		1475 WEST 9000 SOUTH
		STREET 2:		SUITE A
		CITY:			WEST JORDAN
		STATE:			UT
		ZIP:			84088
		BUSINESS PHONE:		801-566-6681

	MAIL ADDRESS:	
		STREET 1:		1475 WEST 9000 SOUTH
		STREET 2:		SUITE A
		CITY:			WEST JORDAN
		STATE:			UT
		ZIP:			84088

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SPORTSMAN'S WAREHOUSE HOLDINGS, INC
		DATE OF NAME CHANGE:	20131211

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SPORTSMANS WAREHOUSE HOLDINGS INC
		DATE OF NAME CHANGE:	20010109
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<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>UNITED STATES </B></P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Washington, D.C. 20549 </B></P>

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<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>FORM 8-K</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Pursuant to Section 13 or 15(d) </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>of The Securities Exchange Act of 1934
</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Date of Report (Date of earliest event
reported): December 21, 2020</B></P>

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<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SPORTSMAN'S WAREHOUSE HOLDINGS,
INC. </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(Exact name of registrant as specified
in its charter)</B></P>

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        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>1475 West 9000, Suite A</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>West Jordan, Utah</B></P></TD>
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including area code (<FONT ID="xdx_90A_edei--CityAreaCode_c20201221__20201221_zHvd56Z5R79i">801</FONT>) <FONT ID="xdx_909_edei--LocalPhoneNumber_c20201221__20201221_z9rPoOo7vGpd">566-6681</FONT></B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction
A.2 below):</P>

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    <TD STYLE="padding-top: 0.75pt; font-size: 10pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</FONT></TD></TR>
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    <TD STYLE="padding-top: 0.75pt; font-size: 10pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</FONT></TD></TR>
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    <TD STYLE="padding-top: 0.75pt; font-size: 10pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</FONT></TD></TR>
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    <TD STYLE="padding-top: 0.75pt; font-size: 10pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</FONT></TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Securities registered pursuant to Section 12(b) of the Act:</P>

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

<TABLE STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 99.89%">
<TR STYLE="vertical-align: top">
    <TD STYLE="border-top: Black 1pt solid; border-left: Black 1pt solid; width: 33%; text-align: center">Title of each class</TD>
    <TD STYLE="border-top: Black 1pt solid; border-left: Black 1pt solid; width: 34%; text-align: center">Trading Symbol(s)</TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; width: 33%; text-align: center">Name of each exchange on which registered</TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Indicate by check mark whether the registrant is an emerging
growth company as defined in Rule 405 of the Securities Act of 1933 (&#167;230.405 of this chapter) or Rule 12b-2 of the Securities
Exchange Act of 1934 (&#167;240.12b-2 of this chapter).</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Emerging growth company <FONT STYLE="font-family: Wingdings">&#168;</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">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 STYLE="font-family: Wingdings"><FONT STYLE="font-family: Wingdings">&#168;</FONT></FONT></P>

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<TD STYLE="width: 1in"><B>Item 1.01</B></TD><TD><B>Entry into a Material Definitive Agreement.</B></TD></TR></TABLE>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><FONT STYLE="text-decoration: underline">Merger Agreement</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2pt; text-align: justify; text-indent: 34pt">On December
21, 2020 (the &#8220;<FONT STYLE="text-decoration: underline">Signing Date</FONT>&#8221;), Sportsman&#8217;s Warehouse Holdings, Inc., a Delaware corporation (the &#8220;<FONT STYLE="text-decoration: underline">Company</FONT>&#8221;),
Great Outdoors Group, LLC, a Delaware limited liability company (&#8220;<FONT STYLE="text-decoration: underline">Parent</FONT>&#8221;), and Phoenix Merger Sub I, Inc.,
a Delaware corporation and a wholly-owned subsidiary of Parent (&#8220;<FONT STYLE="text-decoration: underline">Merger Subsidiary</FONT>&#8221;), entered into a definitive
Agreement and Plan of Merger (the &#8220;<FONT STYLE="text-decoration: underline">Merger Agreement</FONT>&#8221;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2pt; text-align: justify; text-indent: 34pt">&#160;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2pt; text-align: justify; text-indent: 34pt">Pursuant to
the terms and conditions set forth in the Merger Agreement, Merger Subsidiary will be merged with and into the Company (the &#8220;<FONT STYLE="text-decoration: underline">Merger</FONT>&#8221;),
with the Company continuing as the surviving corporation in the Merger and a wholly-owned subsidiary of Parent. Subject to the
terms and conditions set forth in the Merger Agreement, at the effective time of the Merger (the &#8220;<FONT STYLE="text-decoration: underline">Effective Time</FONT>&#8221;),
each share of the Company&#8217;s common stock, par value $0.01 per share (the &#8220;<FONT STYLE="text-decoration: underline">Shares</FONT>&#8221;), outstanding immediately
prior to the Effective Time (other than such Shares held by (i) Parent, Merger Subsidiary, or any other subsidiary of Parent, (ii)
the Company or its subsidiaries, as treasury stock or (iii) stockholders of the Company who properly exercised their appraisal
rights for such Shares under the Delaware General Corporation Law) will automatically be canceled and converted into the right
to receive $18.00 per Share in cash, without interest and less any applicable withholding taxes (the &#8220;<FONT STYLE="text-decoration: underline">Per Share Merger
Consideration</FONT>&#8221;). In addition, at or immediately prior to the Effective Time, each award of restricted stock units with
respect to Shares (each an &#8220;<FONT STYLE="text-decoration: underline">RSU Award</FONT>&#8221;) that is outstanding immediately prior to the Effective Time will be
cancelled and converted into the right to receive an amount in cash equal to product of (x) the number of Shares subject to such
RSU Award immediately prior to the Effective Time (provided that (1) as to any such RSU Award that is subject to performance-based
vesting conditions, such number of Shares will be determined in accordance with the change of control provision of the applicable
award agreement for such RSU Award, and (2) as to any such RSU Award that is granted after the Signing Date and provides for pro-rata
vesting should the Effective Time occur within six months after the grant date of such award, such number of Shares will be determined
based on such pro-rata vesting provision of the applicable award agreement for such RSU Award), multiplied by (y) the Per Share
Merger Consideration.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2pt; text-align: justify; text-indent: 34pt">&#160;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2pt; text-align: justify; text-indent: 34pt">The Merger Agreement
has been unanimously adopted by the board of directors of the Company (the &#8220;<FONT STYLE="text-decoration: underline">Board</FONT>&#8221;), and the Board has unanimously
recommended that stockholders of the Company adopt the Merger Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2pt; text-align: justify; text-indent: 34pt">&#160;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2pt; text-align: justify; text-indent: 34pt">Completion of
the Merger is subject to the satisfaction of several conditions, including: (i) adoption of the Merger Agreement by the affirmative
vote of the holders of a majority of the outstanding Shares; (ii) the expiration or termination of any applicable waiting period
(and any extensions thereof) relating to the Merger under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended
(the &#8220;<FONT STYLE="text-decoration: underline">HSR Act</FONT>&#8221;); (iii) the absence of any order, injunction, or other judgment by any governmental authority
of competent jurisdiction that enjoins or otherwise prohibits the consummation of the Merger; (iv) the accuracy of each party&#8217;s
representations and warranties (subject to certain qualifications); (v) each party&#8217;s performance in all material respects
of its obligations contained in the Merger Agreement; and (vi) the absence of a material adverse effect on the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2pt; text-align: justify; text-indent: 34pt">&#160;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2pt; text-align: justify; text-indent: 34pt">Parent and the
Company have made customary representations, warranties and covenants in the Merger Agreement, including covenants: (i) in the
case of the Company, to cause a meeting of the Company&#8217;s stockholders to be duly called and held as soon as reasonably practicable
(and in any event within forty-five days) following the clearance of a proxy statement in connection with the Merger by the U.S.
Securities and Exchange Commission (the &#8220;<FONT STYLE="text-decoration: underline">SEC</FONT>&#8221;), for the purpose of voting on the adoption of the Merger Agreement
and certain related proposals; (ii) to use their reasonable best efforts to effect all necessary filings, notices, petitions, registrations,
and other submissions required pursuant to governmental approvals and other applicable laws, including making appropriate filings
required in connection with the Merger pursuant to the HSR Act and any other antitrust laws of other jurisdictions; and (iii) to
cooperate with each other and use their reasonable best efforts to consummate the Merger and the other transactions contemplated
by the Merger Agreement as promptly as practicable. The Company has also agreed, subject to certain exceptions, to conduct its
business in the ordinary course consistent with past practice, including not taking certain specified actions, prior to the consummation
of the Merger or the termination of the Merger Agreement pursuant to its terms.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2pt; text-align: justify; text-indent: 34pt">&#160;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2pt; text-align: justify; text-indent: 34pt"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2pt; text-align: justify; text-indent: 34pt">&#160;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2pt; text-align: justify; text-indent: 34pt">The parties
to the Merger Agreement also agreed that during the period beginning on the Signing Date and continuing until the end of the day
on January 31, 2021 (such date, the &#8220;<FONT STYLE="text-decoration: underline">No-Shop Period Start Date</FONT>&#8221; and such period, the &#8220;<FONT STYLE="text-decoration: underline">Go-Shop Period</FONT>&#8221;),
the Company, its subsidiaries and their respective representatives will have the right to: (i) solicit, initiate, propose or induce
the making, submission or announcement of, or encourage, facilitate or assist any proposal or offer that could constitute an alternative
proposal for the acquisition of the Company; (ii) provide information (including non-public information and data) relating to the
Company or any of its subsidiaries, and afford access to the business, properties, assets, books, records or other non-public information,
or to any personnel, of the Company or any of its subsidiaries to any person or entity (including their representatives and potential
financing sources), pursuant to a confidentiality agreement between the Company and such persons; (iii) engage in, enter into,
continue or otherwise participate in, any discussion or negotiations with any person or entity (including their representatives
and potential financing sources) with respect to any alternative proposal for the acquisition of the Company (or any inquiries,
proposals, offers or other efforts that would reasonably be expected to lead to such an alternative proposal); and (iv) cooperate
with, assist or participate in, or facilitate any such inquiries, proposals, discussions or negotiations or any effort or attempt
to make an alternative proposal for the acquisition of the Company. Within one business day after the No-Shop Period Start Date,
the Company has agreed to deliver to Parent a list identifying each person or entity (&#8220;<FONT STYLE="text-decoration: underline">Excluded Parties</FONT>&#8221;) that
made an alternative proposal to acquire the Company during the Go-Shop Period that the Board has determined prior to the No-Shop
Period Start Date in good faith (and after consultation with its financial advisor and outside legal counsel) to constitute or
would reasonably be expected to lead to a superior proposal to the proposed Merger.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2pt; text-align: justify; text-indent: 34pt">&#160;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2pt; text-align: justify; text-indent: 34pt">In addition,
the Company has agreed that starting on the No-Shop Period Start Date and until the earlier of the Effective Time or the valid
termination of the Merger Agreement, it will not: (i) solicit, initiate, knowingly encourage or knowingly facilitate any proposal
or offer which constitutes, or would reasonably be expected to lead to, any alternative proposal for the acquisition of the Company;
or (ii) engage in, continue or otherwise participate in any discussions or negotiations with third parties regarding, or furnish
any information to third parties in connection with, or for the purpose of knowingly encouraging or knowingly facilitating, any
inquiry, proposal or offer that constitutes or would reasonably be expected to lead to an alternative proposal for the acquisition
of the Company. However, these restrictions will not commence with respect to Excluded Parties until the end of the day on February
20, 2021, and even after such date, the Company will be permitted to continue discussions with and provide non-public information
to such Excluded Parties (and their representatives and potential financial sources) in connection with their alternative proposal,
to the same extent as permitted during the Go-Shop Period.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2pt; text-align: justify; text-indent: 34pt">&#160;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Company further
agreed that from the Signing Date until the earlier of the Effective Time or the termination of the Merger Agreement, neither the
Board nor any committee thereof will: (i) change, qualify, withdraw, withhold or modify the Board&#8217;s recommendation that stockholders
of the Company adopt and approve the Merger Agreement (the &#8220;<FONT STYLE="text-decoration: underline">Board Recommendation</FONT>&#8221;) in a manner adverse to Parent
or fail to include such the Board Recommendation in the Company&#8217;s proxy statement for a special meeting of the Company&#8217;s
stockholders to vote on the Merger; (ii) adopt, approve, endorse, or recommend that the Company&#8217;s stockholders approve, any
alternative proposal for the acquisition of the Company; (iii) fail to make or reaffirm the Board Recommendation after any alternative
proposal for the acquisition of the Company or a material modification thereto is first published, within ten business days of
Parent&#8217;s written request that the Board make or reaffirm the Board Recommendation; (iv) fail to recommend against certain
alternative proposals for the acquisition of the Company that are structured as a tender or exchange offer within ten business
days after the commencement of such offer; or (v) publicly propose or agree to any of the following.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">However prior to adoption
of the Merger Agreement by the affirmative vote of the holders of a majority of the outstanding Shares and subject to the satisfaction
of certain conditions, the Company and the Board, as applicable, are permitted to take certain actions which may, as more fully
described in the Merger Agreement, include changing the Board Recommendation following receipt of an alternative proposal for the
acquisition of the Company, if the Board has determined in good faith after consultation with its financial advisor and outside
legal counsel that (x) such alternative proposal constitutes a superior proposal to the Merger and (y) failure to change the Board
Recommendation would reasonably be expected to result in a breach of the Board&#8217;s fiduciary duties under applicable law. In
addition, the Board is permitted to change its recommendation, for reasons not related to the receipt of an alternative acquisition
proposal, if an intervening event occurs and the Board has determined in good faith, after consultation with its financial advisors
and outside legal counsel, that failure to do so would reasonably be expected to result in a breach of the Board&#8217;s fiduciary
duties under applicable law.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2pt; text-align: justify; text-indent: 34pt">The Merger Agreement
contains certain termination rights for each of Parent and the Company and further provides that, upon termination of the Merger
Agreement, under specified circumstances, (i) the Company may be required to pay Parent a termination fee of $9,000,000 or $23,000,000,
depending on the circumstances involved, or (ii) Parent may be required to pay the Company a termination fee of $55,000,000.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2pt; text-align: justify; text-indent: 34pt">&#160;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2pt; text-align: justify; text-indent: 34pt"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2pt; text-align: justify; text-indent: 34pt">&#160;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2pt; text-align: justify; text-indent: 34pt">The foregoing
description of the Merger and the Merger Agreement does not purport to be complete and is qualified in its entirety by reference
to the Merger Agreement, which is attached hereto as Exhibit 2.1 and incorporated herein by reference. The Merger Agreement has
been incorporated herein by reference to provide information regarding the terms of the Merger Agreement and is not intended to
modify or supplement any factual disclosures about the Company in any public reports filed with the SEC by the Company. In particular,
the assertions embodied in the representations, warranties and covenants contained in the Merger Agreement were made only for purposes
of the Merger Agreement as of the specific dates therein, were solely for the benefit of the parties to the Merger Agreement, and
may be subject to limitations agreed upon by the contracting parties, including being qualified by information in confidential
disclosure schedules provided by the Company to Parent in connection with the signing of the Merger Agreement. These disclosure
schedules contain information that modifies, qualifies and creates exceptions to the representations and warranties set forth in
the Merger Agreement. Moreover, the representations and warranties in the Merger Agreement were used for the purpose of allocating
risk between the Company, Parent and Merger Subsidiary, rather than establishing matters of fact. Accordingly, the representations
and warranties in the Merger Agreement may not constitute the actual state of facts with respect to the Company, Parent or Merger
Subsidiary. The representations and warranties set forth in the Merger Agreement may also be subject to a contractual standard
of materiality different from that generally applicable to investors under federal securities laws. Moreover, information concerning
the subject matter of the representations and warranties may change after the date of the Merger Agreement, which subsequent information
may or may not be fully reflected in the Company&#8217;s public disclosures. The Merger Agreement should not be read alone, but
should instead be read in conjunction with the other information regarding the Company, Parent and Merger Subsidiary and the transactions
contemplated by the Merger Agreement that will be contained in, or incorporated by reference into, the definitive proxy statement
the Company will file with the SEC, and mail to its stockholders, in connection with the Merger, as well as in the Forms 10-K,
Forms 10-Q, Forms 8-K and other filings that the Company makes with the SEC.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2pt; text-align: justify; text-indent: 34pt"><B>&#160;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"><B>Item 8.01</B></TD><TD><B>Other Events. </B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white">&#160;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white">On
December 21, 2020, the Company and Parent issued a joint press release announcing the entry into the Merger Agreement. A copy of
the press release is attached as Exhibit 99.1 and is incorporated herein by reference.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white">&#160;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"><B>Item 9.01</B></TD><TD><B>Financial Statements and Exhibits.</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&#160;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 12%; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>Exhibit No.</B></FONT></TD>
    <TD STYLE="width: 3%; padding-right: 3pt; padding-left: 3pt">&#160;</TD>
    <TD STYLE="width: 85%; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>Description</B></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 3pt; padding-left: 3pt; text-align: center"><A HREF="#a_001"><FONT STYLE="font-size: 10pt">2.1</FONT></A></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt">&#160;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: -1.4pt; padding-left: 3pt"><A HREF="#a_001"><FONT STYLE="font-size: 10pt">Agreement and Plan of Merger, dated as of December 21, 2020, among the Company, Parent, and Merger Subsidiary.</FONT></A></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 3pt; padding-left: 3pt; text-align: center">&#160;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt">&#160;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: -1.4pt; padding-left: 3pt">&#160;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 3pt; padding-left: 3pt; text-align: center"><A HREF="#a_002"><FONT STYLE="font-size: 10pt">99.1</FONT></A></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt">&#160;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: -1.4pt; padding-left: 3pt"><A HREF="#a_002"><FONT STYLE="font-size: 10pt">Joint Press Release issued December 21, 2020.</FONT></A></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 3pt; padding-left: 3pt">&#160;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt">&#160;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt">&#160;</TD></TR>
<TR>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-size: 10pt">104</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt">&#160;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-size: 10pt">Cover Page Interactive Data File (embedded within the Inline XBRL document).</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 3pt; padding-left: 3pt">&#160;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt">&#160;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt">&#160;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&#160;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><FONT STYLE="text-decoration: underline">Additional Information and Where to Find It </FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">This
communication may be deemed to be solicitation material in respect of the proposed merger of the Company with Merger
Subsidiary, a wholly-owned subsidiary of Parent. The Company intends to file relevant materials with the SEC, including a
proxy statement in preliminary and definitive form, in connection with the solicitation of proxies for the proposed merger.
The definitive proxy statement will contain important information about the proposed merger and related matters. BEFORE
MAKING A VOTING DECISION, STOCKHOLDERS OF THE COMPANY ARE URGED TO READ THE DEFINITIVE PROXY STATEMENT AND OTHER RELEVANT
MATERIALS CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT
THE COMPANY AND THE MERGER. Stockholders will be able to obtain copies of the proxy statement and other relevant materials
(when they become available) and any other documents filed by the Company with the SEC for no charge at the SEC&#8217;s
website at www.sec.gov. In addition, stockholders will be able to obtain free copies of the proxy statement from the Company
by contacting the Company&#8217;s Investor Relations Department by telephone at (801) 566-6681, by mail to Sportsman&#8217;s
Warehouse Holdings, Inc., Attention: Investor Relations, 1475 West 9000 South, Suite A, West Jordan, Utah 84088, or by going
to the Company&#8217;s Investor Relations page on its corporate website at http://investors.sportsmans.com.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</P>

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Company and certain
of its directors, executive officers and other employees may be deemed to be participants in the solicitation of proxies from the
Company&#8217;s stockholders in respect of the Merger. Information about the Company&#8217;s directors and executive officers is
available in the Company&#8217;s proxy statement for its 2020 annual meeting of stockholders filed with the SEC on April 17, 2020.
Other information regarding persons who may be deemed participants in the proxy solicitation, including their respective direct
or indirect interests by security holdings or otherwise, will be set forth in the definitive proxy statement that the Company intends
to file with the SEC in respect of the Merger. These documents can be obtained free of charge from the sources indicated above.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</P>

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&#160;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Pursuant to the requirements of the Securities Exchange Act
of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD>&#160;</TD>
    <TD COLSPAN="2"><FONT STYLE="font-size: 10pt"><B>SPORTSMAN&#8217;S WAREHOUSE HOLDINGS, INC.</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&#160;</TD>
    <TD COLSPAN="2">&#160;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 50%; padding-bottom: 1pt">&#160;</TD>
    <TD STYLE="width: 3%; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 47%; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">/s/ Robert K. Julian</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&#160;</TD>
    <TD><FONT STYLE="font-size: 10pt">Name:</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Robert K. Julian</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&#160;</TD>
    <TD><FONT STYLE="font-size: 10pt">Title:</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Secretary and Chief Financial Officer</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Date: December 21, 2020</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</P>

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

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    <!-- Field: /Page -->

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B><A NAME="a_001"></A>Exhibit 2.1</B></P>

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

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

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

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">December 21, 2020</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B>Sportsman&rsquo;s
Warehouse Holdings, Inc.</B></FONT><B>,</B></P>

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

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>PHOENIX MERGER SUB I, INC.</B></P>

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

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

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page --><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2">&nbsp;</TD>
    <TD STYLE="text-align: center; text-decoration: underline"><B><U>PAGE</U></B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Article 1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Definitions</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.125in; width: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 1.01.</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Definitions</FONT></TD>
    <TD STYLE="text-align: center; width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.125in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 1.02.</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Other Definitional and Interpretative Provisions</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">11</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Article 2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Merger</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">12</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.125in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 2.01.</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Merger</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">12</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.125in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 2.02.</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Conversion of Shares</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">13</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.125in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 2.03.</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Surrender and Payment</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">13</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.125in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 2.04.</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Dissenting Shares</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">15</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.125in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 2.05.</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Company Equity Awards</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">15</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.125in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 2.06.</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Withholding Rights</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">16</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.125in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 2.07.</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Lost Certificates</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">16</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Article 3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Surviving Corporation</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">17</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.125in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 3.01.</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Certificate of Incorporation</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">17</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.125in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 3.02.</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Bylaws</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">17</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.125in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 3.03.</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Directors and Officers</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">17</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Article 4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Representations and Warranties of the Company</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">17</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.125in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 4.01.</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Corporate Existence and Power</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">17</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.125in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 4.02.</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Corporate Authorization</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">18</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.125in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 4.03.</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Governmental Authorization</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">18</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.125in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 4.04.</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Non-contravention</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">19</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.125in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 4.05.</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Capitalization</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">19</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.125in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 4.06.</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Subsidiaries</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">20</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.125in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 4.07.</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SEC Filings and the Sarbanes-Oxley Act</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">21</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.125in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 4.08.</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Financial Statements</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">22</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.125in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 4.09.</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Disclosure Documents</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">22</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.125in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 4.10.</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Absence of Certain Changes</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">22</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.125in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 4.11.</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">No Undisclosed Material Liabilities</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">23</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.125in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 4.12.</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Compliance with Laws and Court Orders; Permits</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">23</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.125in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 4.13.</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Litigation</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">24</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.125in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 4.14.</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Properties</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">24</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.125in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 4.15.</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Intellectual Property</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">25</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.125in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 4.16.</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Taxes</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">27</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.125in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 4.17.</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Employee Benefit Plans</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">29</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.125in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 4.18.</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Labor and Employment Matters</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">31</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.125in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 4.19.</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Insurance</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">32</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.125in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 4.20.</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Environmental Matters</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">32</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.125in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 4.21.</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Material Contracts</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">33</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.125in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 4.22.</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Major Suppliers</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">35</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.125in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 4.23.</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Compliance with the U.S. Foreign Corrupt Practices Act and Other Applicable Anti-Corruption Laws</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">35</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.125in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 4.24.</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Finders&rsquo; Fees</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">36</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.125in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 4.25.</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Opinion of Financial Advisor</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">36</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.125in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 4.26.</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Antitakeover Statutes</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">36</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.125in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 4.27.</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Trade Laws</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">36</FONT></TD></TR>
</TABLE>
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<TR STYLE="vertical-align: top">
    <TD COLSPAN="2">&nbsp;</TD>
    <TD STYLE="text-align: center; text-decoration: underline"><B><U>PAGE</U></B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Article 5&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Representations and Warranties of Parent and Merger Subsidiary</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">37</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.125in; width: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 5.01.</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Corporate Existence and Power</FONT></TD>
    <TD STYLE="text-align: center; width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">37</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.125in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 5.02.</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Corporate Authorization</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">37</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.125in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 5.03.</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Governmental Authorization</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">38</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.125in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 5.04.</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Non-contravention</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">38</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.125in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 5.05.</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Disclosure Documents</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">38</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.125in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 5.06.</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Financing</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">39</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.125in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 5.07.</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Certain Arrangements</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">39</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.125in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 5.08.</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Litigation</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">39</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.125in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 5.09.</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Ownership of Company Securities</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">39</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.125in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 5.10.</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">No Vote of Parent Stockholders</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">39</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.125in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 5.11.</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Finders&rsquo; Fees</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">39</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Article 6&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Covenants of the Company</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">40</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.125in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 6.01.</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Conduct of the Company</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">40</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.125in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 6.02.</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Company Stockholder Meeting</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">43</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.125in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 6.03.</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">No Solicitation</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">44</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.125in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 6.04.</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Access to Information</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">47</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.125in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 6.05.</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 16 Matters</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">48</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.125in">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Article 7&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Covenants of Parent and Merger Subsidiary</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">48</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.125in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 7.01.</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Obligations of Merger Subsidiary</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">48</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.125in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 7.02.</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Parent Owned Shares</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">48</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.125in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 7.03.</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Indemnification and Insurance</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">48</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.125in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 7.04.</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Employee Matters</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">50</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.125in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 7.05.</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">No Impeding Actions</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">52</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Article 8&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Covenants of Parent, Merger Subsidiary and the Company</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">52</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.125in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 8.01.</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Reasonable Best Efforts</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">52</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.125in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 8.02.</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Proxy Statement</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">54</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.125in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 8.03.</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Public Announcements</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">55</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.125in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 8.04.</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Further Assurances</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">55</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.125in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 8.05.</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Notices of Certain Events</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">55</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.125in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 8.06.</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Transaction Litigation</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">56</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.125in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 8.07.</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">No Control of Other Party&rsquo;s Business</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">56</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.125in">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Article 9&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Conditions to the Merger</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">56</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.125in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 9.01.</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Conditions to the Obligations of Each Party</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">56</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.125in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 9.02.</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Conditions to the Obligations of Parent and Merger Subsidiary</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">56</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.125in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 9.03.</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Conditions to the Obligations of the Company</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">57</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.125in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 9.04.</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Frustration of Closing Conditions</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">58</FONT></TD></TR>
</TABLE>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

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

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center; text-decoration: underline"><B><U>PAGE</U></B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Article 10&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Termination</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">58</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.125in; width: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 10.01.</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Termination</FONT></TD>
    <TD STYLE="text-align: center; width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">58</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.125in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 10.02.</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Effect of Termination</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">60</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.125in">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Article 11&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Miscellaneous</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">60</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.125in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 11.01.</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Notices</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">60</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.125in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 11.02.</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Non-Survival of Representations and Warranties</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">61</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.125in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 11.03.</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Amendments and Waivers</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">61</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.125in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 11.04.</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Expenses</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">61</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.125in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 11.05.</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Disclosure Letter References</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">63</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.125in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 11.06.</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Binding Effect; Benefit; Assignment</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">63</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.125in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 11.07.</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Governing Law</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">64</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.125in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 11.08.</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Consent to Jurisdiction</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">64</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.125in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 11.09.</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">WAIVER OF JURY TRIAL</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">64</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.125in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 11.10.</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Counterparts; Effectiveness</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">65</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.125in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 11.11.</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Entire Agreement; No Other Representations and Warranties</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">65</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.125in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 11.12.</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Severability</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">66</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.125in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 11.13.</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Specific Performance</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">66</FONT></TD></TR>
</TABLE>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">AGREEMENT AND PLAN
OF MERGER (this &ldquo;<B>Agreement</B>&rdquo;) dated as of December 21, 2020 among Sportsman&rsquo;s Warehouse Holdings, Inc.,
a Delaware corporation (the &ldquo;<B>Company</B>&rdquo;), Great Outdoors Group, LLC, a Delaware limited liability company (&ldquo;<B>Parent</B>&rdquo;),
and Phoenix Merger Sub I, Inc., a Delaware corporation and a wholly-owned subsidiary of Parent (&ldquo;<B>Merger Subsidiary</B>&rdquo;).</P>

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

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center">W I T N
E S S E T H :</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">WHEREAS, each of the
Company Board and the Board of Directors of Merger Subsidiary (a) have adopted and deemed it advisable and in the best interests
of the Company and Merger Subsidiary and the respective stockholders of the Company and Merger Subsidiary to adopt and approve
this Agreement pursuant to which, among other things, Parent would acquire the Company by means of a merger of Merger Subsidiary
with and into the Company on the terms and subject to the conditions set forth in this Agreement, (b) have approved the execution,
delivery and performance by the Company and Merger Subsidiary of this Agreement and the consummation of the transactions contemplated
hereby, including the Merger, and (c) have resolved to recommend adoption of this Agreement and approval of the transactions contemplated
hereby, including the Merger, by the respective stockholders of the Company and Merger Subsidiary.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">NOW, THEREFORE, in
consideration of the foregoing and the representations, warranties, covenants and agreements contained herein, the parties hereto
agree as follows:</P>

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

<P STYLE="font: small-caps 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><FONT STYLE="font-variant: normal; text-transform: uppercase">Article
1</FONT><BR>
<FONT STYLE="font-variant: normal"><U>Definitions</U></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 1.01.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>Definitions.</I> (a) As used herein, the following terms have the following meanings:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>1933 Act</B>&rdquo;
means the Securities Act of 1933, as amended, and the rules and regulations promulgated thereunder.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>1934 Act</B>&rdquo;
means the Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Acceptable
Confidentiality Agreement</B>&rdquo; means a confidentiality agreement that contains provisions that are no less favorable in the
aggregate to the Company than those contained in the Confidentiality Agreements (excluding, for this purpose, the Confidentiality
Agreements referenced in clause (b) and clause (c) of such definition), <U>provided</U>, that such confidentiality agreement may
contain a less restrictive or no standstill restriction, in which case the Confidentiality Agreement (excluding, for this purpose,
the Confidentiality Agreements referenced in clause (b) and clause (c) of such definition) shall be deemed to be amended to contain
only such less restrictive provision, or to omit such provision, as applicable. The Company shall provide Parent with copies of
any Acceptable Confidentiality Agreements promptly following execution thereof.</P>

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

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Acquisition
Proposal</B>&rdquo; means, other than the transactions contemplated by this Agreement, any offer or proposal of any Third Party
relating to (a)&nbsp;any acquisition or purchase (including through any lease, exchange, exclusive license, transfer or disposition,
in each case, other than in the ordinary course of business consistent with past practice), direct or indirect, of assets equal
to 20% or more of the consolidated assets of the Company or to which 20% or more of the consolidated revenues or earnings of the
Company are attributable or 20% or more of any class of equity or voting securities of the Company, (b)&nbsp;any tender offer or
exchange offer that, if consummated, would result in such Third Party beneficially owning 20% or more of any class of equity or
voting securities of the Company, or (c)&nbsp;a merger, consolidation, business combination, sale of all or substantially all of
the assets, liquidation, dissolution or other similar extraordinary transaction (i) involving the Company or any of its Subsidiaries
whose assets, individually or in the aggregate, constitute 20% or more of the consolidated assets of the Company or to which 20%
or more of the consolidated revenues or earnings of the Company and its Subsidiaries, taken as a whole, are attributable or (ii)
pursuant to which the stockholders of the Company immediately prior to the consummation of such transaction would, as a result
of such transaction, hold less than 80% of the equity interests in the surviving entity of such transaction.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Affiliate</B>&rdquo;
means, with respect to any Person, any other Person directly or indirectly controlling, controlled by, or under common control
with such Person; <U>provided</U>, that, for the avoidance of doubt, as it applies to Parent and Merger Sub, &ldquo;<B>Affiliate</B>&rdquo;
shall not include minority members, shareholders or co-investors of such entities. The term &ldquo;<B>control</B>&rdquo; means
the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of a Person,
whether through the ownership of voting securities, by contract or otherwise, and the terms &ldquo;<B>controlled</B>&rdquo; and
&ldquo;<B>controlling</B>&rdquo; have meanings correlative thereto.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Antitrust
Authority</B>&rdquo; means the Federal Trade Commission, the Department of Justice, any attorney general of any state of the United
States, the European Commission or any other competition authority of any jurisdiction.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Applicable
Law</B>&rdquo; means, with respect to any Person, any federal, state, local or foreign statute, law (including common law), ordinance,
code, rule, Order or regulation enacted, adopted, promulgated or applied by a Governmental Authority that is legally binding upon
and applicable to such Person.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Business
Day</B>&rdquo; means a day, other than Saturday, Sunday or other day on which commercial banks in New York, New York, are authorized
or required by Applicable Law to close.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Code</B>&rdquo;
means the Internal Revenue Code of 1986, as amended.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Company Balance
Sheet</B>&rdquo; means the consolidated balance sheet of the Company as of February 1, 2020 and the notes thereto set forth in
the Company&rsquo;s Form 10-K filed with the SEC for the fiscal year ended February 1, 2020.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Company Balance
Sheet Date</B>&rdquo; means February 1, 2020.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Company Board</B>&rdquo;
means the Board of Directors of the Company.</P>

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

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Company Disclosure
Letter</B>&rdquo; means the disclosure letter dated the date of this Agreement regarding this Agreement that has been provided
by the Company to Parent and Merger Subsidiary.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Company Owned
IP</B>&rdquo; means any and all Intellectual Property that is owned or purportedly owned by the Company or any of its Subsidiaries
(including any and all Company Registered IP).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Company Registered
IP</B>&rdquo; means all of the Registered IP owned or purportedly owned by the Company or any of its Subsidiaries.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Company Stock</B>&rdquo;
means shares of common stock, par value $0.01 per share, of the Company.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Company Stock
Plans</B>&rdquo; means each plan or non-plan award agreement pursuant to which stock options or other equity awards have been granted
to current or former employees, officers, directors or other service providers of the Company.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Company Termination
Fee</B>&rdquo; shall mean (a) if payable in connection with a valid termination of this Agreement by the Company pursuant to Section
10.01(d)(i) prior to the No-Shop Period Start Date or, with respect to a Superior Proposal made by an Excluded Party prior to the
Cut-Off Time, an amount in cash equal to $9,000,000 and (b) if payable in any other circumstance, an amount in cash equal to $23,000,000.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Confidentiality
Agreements</B>&rdquo; mean, collectively, (a) the letter agreement between Parent and the Company dated October 19, 2020, (b) the
confidentiality agreement between Parent and the Company dated November 11, 2020 and (c) the clean team agreement between Parent
and the Company, dated December 8, 2020.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Contract</B>&rdquo;
means any legally binding contract, agreement, note, bond, indenture, lease, license, or other written or oral agreement that is
in force and effect.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>COVID-19</B>&rdquo;
means the COVID-19 or SARS-CoV-2 virus (or any mutation or variation thereof).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>COVID-19
Measures</B>&rdquo; means, as applicable to the Company or its Subsidiaries, any quarantine, &ldquo;shelter in place&rdquo;, &ldquo;stay
at home&rdquo;, workforce reduction, social distancing, shut down, closure or sequester order, guideline or recommendation of any
Governmental Authority or as required by any Applicable Law, in each case, in connection with or in response to COVID-19.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Delaware
Law</B>&rdquo; means the General Corporation Law of the State of Delaware.</P>

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

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Environmental
Laws</B>&rdquo; means any law or other legal requirement pertaining to the environment, pollution, protection of worker health
and safety, or exposure of Persons to Hazardous Substances, and relating to the presence, use, production, generation, handling,
transportation, treatment, storage, disposal, distribution, labeling, testing, processing, discharge, Release, threatened Release,
re-use, recycling, reclamation, removal, remediation, control or cleanup of any Hazardous Substance in the environment, and including
but not limited to the Clean Air Act, as amended (42 U.S.C. &sect; 7401 et seq.), the Comprehensive Environmental Response, Compensation
and Liability Act of 1980, including the Superfund Amendments and Reauthorization Act of 1986, each as amended (42 U.S.C. &sect;
9601 et seq.) (&ldquo;<B>CERCLA</B>&rdquo;), the Federal Water Pollution Control Act, as amended (33 U.S.C. &sect; 1251 et seq.),
the Resource Conservation and Recovery Act of 1976, as amended (42 U.S.C. &sect; 6901 et seq.) (&ldquo;<B>RCRA</B>&rdquo;), the
Safe Drinking Water Act, as amended (42 U.S.C. &sect; 300f et seq.), the Toxic Substances Control Act, as amended (15 U.S.C. &sect;
2601 et seq.), the Oil Pollution Act of 1990 (33 U.S.C. &sect; 2701 et seq.), the Hazardous Materials Transportation Act, as amended
(49 U.S.C. &sect; 5101 et seq.), the Emergency Planning and Community Right to Know Act, as amended (42 U.S.C. &sect; 11001 et
seq.), the Occupational Safety and Health Act, as amended (29 U.S.C. &sect; 651 et seq.), the Federal Insecticide, Fungicide, and
Rodenticide Act, as amended (7 U.S.C. &sect; 136 et seq.), and any foreign, state or local laws analogous to any of the foregoing,
together with all judicial interpretations thereof.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Environmental
Permits</B>&rdquo; means all Permits required by Environmental Laws for the operation of the business of the Company or any of
its Subsidiaries as currently conducted.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>ERISA</B>&rdquo;
means the Employee Retirement Income Security Act of 1974, as amended.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>ERISA Affiliate</B>&rdquo;
of any entity means any other entity that, together with such entity, would be treated as a &ldquo;single employer&rdquo; within
the meaning of Section 414(b), (c), (m) or (o) of the Code.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>ESPP</B>&rdquo;
means the Company&rsquo;s Employee Stock Purchase Plan.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&ldquo;<B>Excluded Party</B>&rdquo; shall
mean any Person or group of Persons from whom the Company or any of its Representatives has received an Acquisition Proposal after
the execution of this Agreement and prior to the No-Shop Period Start Date that the Company Board determines in good faith (such
determination to be made prior to the No-Shop Period Start Date and after consultation with its outside legal advisor and financial
advisor) constitutes or would be reasonably expected to lead to a Superior Proposal; provided that any Person shall cease to be
an Excluded Party if, at any time after the No-Shop Period Start Date, the Acquisition Proposal submitted by such Person is withdrawn
or terminated or modified in any material respect such that such Acquisition Proposal would no longer constitute or reasonably
be expected to lead to a Superior Proposal.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>GAAP</B>&rdquo;
means generally accepted accounting principles in the United States.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Governmental
Authority</B>&rdquo; means any transnational, domestic or foreign, federal, provincial, state, municipal or local governmental,
quasi-governmental, regulatory or administrative authority, department, court, agency or official, including any political subdivision
thereof.</P>

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

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Hazardous
Substance</B>&rdquo; means any hazardous substance as defined in CERCLA, regulations promulgated thereunder, and all applicable
state and local Environmental Laws, rules, and regulations relating to hazardous substances; any hazardous waste as defined in
RCRA, regulations promulgated thereunder, and all applicable state and local Environmental Law, rules, and regulations relating
to hazardous wastes; any pollutant or contaminant as defined in CERCLA, regulations promulgated thereunder, and all applicable
state and local Environmental Laws, rules, and regulations relating to pollutants or contaminants; petroleum, including crude oil
or any fraction thereof; or any toxic substance, or hazardous material or other chemical or substance (including asbestos in any
form, urea formaldehyde, perchlorate or polychlorinated biphenyls, per- and polyfluoroalkyl substances, lead, microbial matter,
mold) regulated by or forming the basis of liability under any Environmental Laws.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>HSR Act</B>&rdquo;
means the Hart-Scott-Rodino Antitrust Improvements Act of 1976.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Intellectual
Property</B>&rdquo; means all intellectual property and related rights in any jurisdiction throughout the world, including any
or all of the following and all rights in: (i) all United States, international and foreign patents and applications therefor and
all reissues, divisions, divisionals, renewals, extensions, provisionals, continuations and continuations-in-part thereof; (ii)
all inventions (whether or not patentable), trade secrets, know how, technologies, content, computer software, databases and data,
original works of authorship (whether published or unpublished), business methods, algorithms, processes, techniques, technical
and business data and customer and vendor lists, confidential information and proprietary information; (iii) all copyrights and
copyright registrations, including rights in computer software and databases, throughout the world, mask works and mask work registrations;
(iv) all industrial designs and any registrations and applications therefor throughout the world; (v) all trade names, logos, trademarks
and service marks, trade dress, domain names, URLs, social media platform identifiers, tags and handles and other designations
of origin or source, all registrations and applications therefor throughout the world and all goodwill symbolized by any of the
foregoing; (vi) rights of attribution and integrity and other moral rights of an author; (vii) rights in, arising out of, or associated
with a person&rsquo;s name, voice, signature, photograph, or likeness, including rights of personality, publicity or similar rights;
(viii) all claims or causes of action arising out of or related to past, present or future infringement or misappropriation of
the foregoing, including the right to sue for and recover damages for such infringement or misappropriation; and (ix) any and all
other proprietary rights in any jurisdiction worldwide.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Intervening
Event</B>&rdquo; means an event, fact, circumstance, development or occurrence that is material to the Company and its Subsidiaries,
taken as a whole, that (a) is not known to or reasonably foreseeable by the Company Board as of the date of this Agreement and
did not result from or arise out of the announcement or pendency of this Agreement; (b) becomes known to or by the Company Board
prior to obtaining the Company Stockholder Approval; and (c) does not relate to an Acquisition Proposal or any matter relating
thereto or consequence thereof; <U>provided</U>, <U>however</U>, that in no event shall the following events or developments constitute
an &ldquo;<B>Intervening Event</B>&rdquo;: (i) the receipt, existence or terms of an Acquisition Proposal or any matter relating
thereto or consequence thereof, (ii) any events or developments relating to Parent or Merger Subsidiary or any of their Subsidiaries
or (iii) changes in the market price or trading volume of the equity securities of the Company, any changes in the ratings or the
ratings outlook for the Company or any of the Subsidiaries of the Company by any applicable rating agency, any changes in any analyst&rsquo;s
recommendations or ratings with respect to the Company (it being understood that the exceptions in this clause (iii) shall not
prevent or otherwise affect the underlying cause of any such event or development referred to therein (to the extent not otherwise
falling within any of the exceptions provided by clauses (i) through (ii)) from being taken into account in determining whether
an Intervening Event has occurred).</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>knowledge</B>&rdquo;
of any Person that is not an individual means the actual knowledge (after reasonable inquiry) of such Person&rsquo;s executive
officers; <U>provided</U>, <U>however</U>, that &ldquo;knowledge&rdquo; of the Company means the actual knowledge (after reasonable
inquiry) of the individuals listed in <U>Section 1.01(a)</U> of the Company Disclosure Letter.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Lien</B>&rdquo;
means, with respect to any property or asset, any mortgage, lien (statutory or otherwise), pledge, charge, security interest, encumbrance,
option or other adverse claim or similar restriction of any kind in respect of such property or asset, other than a Permitted Lien.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Material
Adverse Effect</B>&rdquo; means any change, effect, event, circumstance, development, condition or occurrence that (a) has, or
would reasonably be expected to have, a material adverse effect on the financial condition, business, assets or results of operations
of the Company and its Subsidiaries, taken as a whole, excluding any change, effect, event, circumstance, development, condition
or occurrence resulting from or arising in connection with (i) changes in the financial, securities, credit or other capital markets
or general economic or regulatory, legislative or political conditions, (ii) changes or conditions generally affecting the outdoor
sporting goods retail or firearms retail industries, (iii) geopolitical conditions, any outbreak or escalation of hostilities,
acts of war (whether or not declared), acts of armed hostility, sabotage, terrorism or national or international calamity (or material
worsening of any such conditions), (iv) any hurricane, tornado, tsunami, flood, volcanic eruption, earthquake, nuclear incident,
pandemic (including COVID-19 or the taking of actions to ensure compliance by the Company and its Subsidiaries and their respective
directors, officers, employees, consultants and customers with any COVID-19 Measure), quarantine restrictions, weather conditions
or other natural or man-made disaster or other force majeure event, (v) changes in Applicable Law or GAAP or authoritative interpretation
or enforcement thereof, including any changes in any Applicable Laws with respect to the sale of firearms, ammunition and other
similar products in any jurisdiction in which the Company or any of its Subsidiaries has operations, sales or other business relationships,
(vi) the failure, in and of itself, of the Company to meet any internal or published projections, forecasts, budgets, guidance,
estimates or predictions in respect of revenues, earnings or other financial or operating metrics or other matters before, on or
after the date of this Agreement, or changes or prospective changes in the market price or trading volume of the securities of
the Company or the credit rating of the Company (it being understood that the underlying facts giving rise or contributing to such
failure or change may be taken into account in determining whether there has been a Material Adverse Effect if such facts are not
otherwise excluded under this definition), (vii) the identity of, or any facts or circumstances solely relating to Parent, Merger
Subsidiary or their respective Affiliates, or the negotiation, announcement or pendency of the transactions contemplated by this
Agreement (<U>provided</U>, that the exception set forth in this clause (vii) shall not apply with respect to the representation
and warranty in <U>Section 4.04</U> to the extent that the purpose of such representation or warranty is to address the consequences
resulting from the execution, delivery or performance of this Agreement or the consummation of the Merger and, to the extent related
to such representation and warranty, the condition set forth in <U>Section 9.02(a)(ii)</U>), (viii) any stockholder class action,
derivative or similar litigation, suit, action or proceeding challenging the Merger or the other transactions contemplated hereby,
(ix) the matters set forth on <U>Section 1.01(b)</U> of the Company Disclosure Letter, and (x) any action taken by the Company
or any of its Subsidiaries at the written request, or with the written consent, of Parent or Merger Subsidiary; <U>provided</U>,
<U>however</U>, that any change, effect, event, fact, condition or occurrence referred to in clauses (i), (ii), (iii) or (iv) shall
be taken into account in determining whether a Material Adverse Effect has occurred or would reasonably be expected to occur to
the extent (and only to the extent) that such change, effect, event, circumstance, development, condition or occurrence has a materially
disproportionate effect on the Company and its Subsidiaries, taken as a whole, compared to other participants in the outdoor sporting
goods retail or firearms retail industries (whichever such group is more severely impacted); or (b) prevents, materially impedes,
interferes with, hinders or delays, or would reasonably be expected to prevent or, materially impede, interfere with, hinder or
delay the consummation by the Company of the Merger or any of the other transactions contemplated by this Agreement.</P>

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

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Minimum Liquidity</B>&rdquo;
means the aggregate amount of the Company&rsquo;s and its Subsidiaries&rsquo; (a) unrestricted cash on hand <U>plus</U> (b) available
borrowings under the Company&rsquo;s revolving line of credit facility in effect as of the date of this Agreement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Nasdaq</B>&rdquo;
means The Nasdaq Stock Market LLC.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Orders</B>&rdquo;
means any judgment, order or decree of a Governmental Authority of competent jurisdiction.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Parent Material
Adverse Effect</B>&rdquo; means any change, effect, event, circumstance, development, condition or occurrence that prevents or
materially impedes, interferes with, hinders or delays or would reasonably be expected to prevent or materially impede, interfere
with, hinder or delay (a) the consummation by Parent or Merger Subsidiary of the Merger or any of the other transactions contemplated
by this Agreement on a timely basis or (b) the compliance by Parent or Merger Subsidiary of its obligations under this Agreement
in any material respect.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Permits</B>&rdquo;
means all approvals, authorizations, registrations, licenses, exemptions, permits and consents of Governmental Authorities.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Permitted
Liens</B>&rdquo; means (a)&nbsp;Liens for Taxes that are not due and payable or that are being contested in good faith by appropriate
proceedings and for which adequate reserves have been established and maintained in accordance with GAAP, (b)&nbsp;mechanics&rsquo;,
carriers&rsquo;, workmen&rsquo;s, warehousemen&rsquo;s, repairmen&rsquo;s or other like Liens arising or incurred in the ordinary
course of business consistent with past practice, (c)&nbsp;Liens incurred in the ordinary course of business consistent with past
practice in connection with workers&rsquo; compensation, unemployment insurance and other types of social security or to secure
the performance of tenders, statutory obligations, surety and appeal bonds, bids, leases, government Contracts, performance and
return of money bonds and similar obligations, (d)&nbsp;zoning, building and other similar codes and regulations, which are not
violated in any material respect by the current use or occupancy of the applicable real property or the business operated thereon,
(e) Liens the existence of which are disclosed in the notes to the consolidated financial statements of the Company included in
the Company SEC Documents filed on or after the Applicable Date, (f)&nbsp;any conditions that would be disclosed by a current,
accurate survey or physical inspection (other than such matters that, individually or in the aggregate, materially and adversely
impair title to or the current use of the subject real property in the business of the Company and the Subsidiaries as currently
conducted), (g)&nbsp;matters shown by the public records, including any reservation, exception, encroachment, easement, right-of
way, covenant, condition, restriction or similar title exception or encumbrance affecting the title to the Leased Real Property,
(h) Liens, easements, rights-of-way, covenants and other similar restrictions that have been placed of record by any developer,
landlord (including statutory landlord Liens) or other Person on property over which the Company or any of its Subsidiaries has
easement rights or on any property leased by the Company or any of its Subsidiaries and subordination or similar agreements relating
thereto, (i) licenses granted under Intellectual Property and (j) Liens (other than Liens securing indebtedness for borrowed money),
defects or irregularities in title, easements, rights-of-way, covenants, restrictions and other similar matters that would not
reasonably be expected to, individually or in the aggregate, materially impair the continued use and operation of the assets to
which they relate in the business of the Company and its Subsidiaries as currently conducted.</P>

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

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Person</B>&rdquo;
means an individual, corporation, partnership, limited liability company, association, trust or other entity or organization, including
a government or political subdivision or an agency or instrumentality thereof.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Public Official</B>&rdquo;
means: (a) any Representative of any regional, federal, state, provincial, county or municipal government or government department,
agency, or other division; (b) any Representative of any commercial enterprise that is owned or controlled by a government; (c)
any Representative of any public international organization; (d) any Person acting in an official capacity for any government or
government entity, enterprise, or organization identified above; or (e) any political party, party official or candidate for political
office.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Registered
IP</B>&rdquo; means all registered Intellectual Property and applications therefor.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Release</B>&rdquo;
means any spilling, leaking, pumping, pouring, emitting, emptying, discharging, injecting, escaping, leaching, migrating, dumping,
or disposing of Hazardous Substances into the environment, including the indoor and outdoor environment and all media, including
ambient air, surface water, groundwater, land surface or subsurface strata, and natural resources, and including the abandonment
or discarding of any barrels, containers and other closed receptacles.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Representative</B>&rdquo;
means, with respect to any Person, such Person&rsquo;s directors, officers, employees, Affiliates, investment bankers, attorneys,
accountants and other advisors or representatives.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Sanctioned
Country</B>&rdquo; means a country or territory that is a target of comprehensive Sanctions (as of the date hereof, Cuba, Iran,
North Korea, Syria and the Crimea region of Ukraine).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Sanctioned
Person</B>&rdquo; means (i) any person listed in any Sanctions-related list of designated Persons maintained by the Office of Foreign
Assets Control of the U.S. Department of the Treasury, the U.S. Department of Commerce or the U.S. Department of State&#894; or
(ii) any other Persons that are targets of U.S. government restrictions of a similar nature.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Sanctions</B>&rdquo;
means economic or financial sanctions or trade embargoes imposed, administered or enforced from time to time by the U.S. government,
including those administered by the Office of Foreign Assets Control of the U.S. Department of the Treasury, the U.S. Department
of Commerce or the U.S. Department of State.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Sarbanes-Oxley
Act</B>&rdquo; means the Sarbanes-Oxley Act of 2002.</P>

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

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>SEC</B>&rdquo;
means the United States Securities and Exchange Commission.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Subsidiary</B>&rdquo;
means, with respect to any Person, any entity of which securities or other ownership interests having ordinary voting power to
elect a majority of the board of directors or other Persons performing similar functions are at any time directly or indirectly
owned by such Person.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Superior
Proposal</B>&rdquo; mean a bona fide, written Acquisition Proposal (with references to 20% or more and 80% being deemed to be replaced
with a reference to a majority) by a Third Party, which the Company Board determines in good faith after consultation with the
Company&rsquo;s outside legal counsel and financial advisors to be (a) reasonably likely to be consummated and (b) more favorable
to the Company and its stockholders from a financial point of view than the Merger, taking into account all factors which the Company
Board deems relevant (including the financing terms thereof, the conditionality and the timing and likelihood of consummation of
such Acquisition Proposal).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Tax</B>&rdquo;
means any and all federal, state, local, foreign or other taxes, including income, gross receipts, franchise, estimated, alternative
minimum, add-on minimum, sales, use, transfer, real property gains, value added, excise, natural resources, severance, stamp, occupation,
premium, real property, personal property, capital stock, social security (or similar), unemployment, disability, payroll, license,
employee or other withholding, or other tax, duty, fee, levy, imposts imposed by a Governmental Authority, whether disputed or
not, including any interest, additions, fines and penalties in respect of the foregoing.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Tax Return</B>&rdquo;
means any Tax return, statement, report, election, declaration, disclosure, schedule or form (including any estimated Tax or information
return or report) filed or required to be filed with any Taxing Authority, including any attachments thereto.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Taxing Authority</B>&rdquo;
means any Governmental Authority (domestic or foreign) responsible for the imposition or collection of any Tax.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Third Party</B>&rdquo;
means any Person, including as defined in Section 13(d) of the 1934 Act, other than Parent or any of its Affiliates.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Trade Laws</B>&rdquo;
means any law, regulations, Orders, Permit or other decision or requirement having the force or effect of law and as amended from
time to time, of any Governmental Authority, concerning the importation of products, the exportation or reexportation of products
(including hardware, software, and technology and services), the terms and conduct of international transactions, and the making
or receiving of international payments, including, as applicable, the Tariff Act of 1930 and other laws and programs administered
or enforced by U.S. Customs and Border Protection and U.S. Immigration and Customs Enforcement, and their predecessor agencies,
the Export Control Reform Act of 2018, Export Administration Regulations, International Emergency Economic Powers Act, Trading
With the Enemy Act, Arms Export Control Act, International Traffic in Arms Regulations, Executive Orders of the President regarding
embargoes and restrictions on transactions with designated entities, the embargoes and restrictions administered by the U.S. Department
of the Treasury, Office of Foreign Assets Control and the antiboycott laws administered by the U.S. Departments of Commerce and
Treasury, and any similar customs and international trade laws in any jurisdiction in which the Company conducts business.</P>

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

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

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>Transaction
Documents</B>&rdquo; means this Agreement and any other agreement or certificate executed and delivered in connection with this
Agreement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each
of the following terms is defined in the Section set forth opposite such term:</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 70%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; margin-left: 0.5in">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 77%; text-decoration: underline"><B><U>Term</U></B></TD>
    <TD STYLE="width: 23%; text-align: center; text-decoration: underline"><B><U>Section</U></B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Adverse Recommendation Change</TD>
    <TD STYLE="text-align: center">6.03(e)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Agreement</TD>
    <TD STYLE="text-align: center">Preamble</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Anti-corruption Laws</TD>
    <TD STYLE="text-align: center">4.23(a)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Antitrust Laws</TD>
    <TD STYLE="text-align: center">8.01(b)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Applicable Date</TD>
    <TD STYLE="text-align: center">Article 4</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>ATF</TD>
    <TD STYLE="text-align: center">4.12(b)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Breach</TD>
    <TD STYLE="text-align: center">4.15(i)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Certificate of Merger</TD>
    <TD STYLE="text-align: center">2.01(b)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Certificates</TD>
    <TD STYLE="text-align: center">2.03(a)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Chosen Court</TD>
    <TD STYLE="text-align: center">11.08</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Claim</TD>
    <TD STYLE="text-align: center">7.03(b)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Closing</TD>
    <TD STYLE="text-align: center">2.01(a)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Closing Date</TD>
    <TD STYLE="text-align: center">2.01(a)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Company</TD>
    <TD STYLE="text-align: center">Preamble</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Company 401(k) Plan</TD>
    <TD STYLE="text-align: center">7.04(e)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Company Acquisition Agreement</TD>
    <TD STYLE="text-align: center">6.03(e)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Company Board Recommendation</TD>
    <TD STYLE="text-align: center">4.02(b)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Company Employee</TD>
    <TD STYLE="text-align: center">7.04(a)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Company Equity Awards</TD>
    <TD STYLE="text-align: center">4.05(c)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Company RSU</TD>
    <TD STYLE="text-align: center">2.05(a)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Company RSU Merger Consideration</TD>
    <TD STYLE="text-align: center">2.05(a)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Company SEC Documents</TD>
    <TD STYLE="text-align: center">4.07(a)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Company Securities</TD>
    <TD STYLE="text-align: center">4.05(b)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Company Stockholder Approval</TD>
    <TD STYLE="text-align: center">4.02(a)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Company Stockholder Meeting</TD>
    <TD STYLE="text-align: center">6.02</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Company Subsidiary Securities</TD>
    <TD STYLE="text-align: center">4.06(c)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Cut-Off Time</TD>
    <TD STYLE="text-align: center">6.03(b)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Data Security Obligations</TD>
    <TD STYLE="text-align: center">4.15(i)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Dissenting Shares</TD>
    <TD STYLE="text-align: center">2.04</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Effective Time</TD>
    <TD STYLE="text-align: center">2.01(b)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Employee Plan</TD>
    <TD STYLE="text-align: center">4.17(a)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>End Date</TD>
    <TD STYLE="text-align: center">10.01(b)(i)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Firearms, Ammunition and Explosives Laws</TD>
    <TD STYLE="text-align: center">4.12(b)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Foreign Antitrust Laws</TD>
    <TD STYLE="text-align: center">4.03</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>FCPA</TD>
    <TD STYLE="text-align: center">4.23(a)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Indemnified Person</TD>
    <TD STYLE="text-align: center">7.03(a)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Internal Controls</TD>
    <TD STYLE="text-align: center">4.07(f)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>IRS</TD>
    <TD STYLE="text-align: center">4.17(a)</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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

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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="margin-left: 0.5in; font: 10pt Times New Roman, Times, Serif; width: 70%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 77%; text-decoration: underline"><B><U>Term</U></B></TD>
    <TD STYLE="text-align: center; width: 23%; text-decoration: underline"><B><U>Section</U></B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Leased Real Property</TD>
    <TD STYLE="text-align: center">4.14(a)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Major Supplier</TD>
    <TD STYLE="text-align: center">4.22</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Material Contract</TD>
    <TD STYLE="text-align: center">4.21(a)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Maximum Tail Premium</TD>
    <TD STYLE="text-align: center">7.03(c)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Merger</TD>
    <TD STYLE="text-align: center">2.01</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Merger Consideration</TD>
    <TD STYLE="text-align: center">2.02(a)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Merger Subsidiary</TD>
    <TD STYLE="text-align: center">Preamble</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Multiemployer Plan</TD>
    <TD STYLE="text-align: center">4.17(c)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>No-Shop Period Start Date</TD>
    <TD STYLE="text-align: center">6.03(a)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Parent</TD>
    <TD STYLE="text-align: center">Preamble</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Parent Termination Fee</TD>
    <TD STYLE="text-align: center">11.04(b)(iii)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Paying Agent</TD>
    <TD STYLE="text-align: center">2.03(a)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Payment Fund</TD>
    <TD STYLE="text-align: center">2.03(b)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Preferred Stock</TD>
    <TD STYLE="text-align: center">4.05(a)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Proxy Statement</TD>
    <TD STYLE="text-align: center">4.09</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Real Property Lease</TD>
    <TD STYLE="text-align: center">4.14(a)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Reference Time</TD>
    <TD STYLE="text-align: center">4.05(a)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Regulated Data</TD>
    <TD STYLE="text-align: center">4.15(i)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Restraints</TD>
    <TD STYLE="text-align: center">9.01(b)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Surviving Corporation</TD>
    <TD STYLE="text-align: center">2.01</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Uncertificated Shares</TD>
    <TD STYLE="text-align: center">2.03(a)</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 1.02.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>Other Definitional and Interpretative Provisions. </I>The words &ldquo;hereof&rdquo;, &ldquo;herein&rdquo; and &ldquo;hereunder&rdquo;
and words of like import used in this Agreement shall refer to this Agreement as a whole and not to any particular provision of
this Agreement. The table of contents and captions herein are included for convenience of reference only and shall be ignored in
the construction or interpretation hereof. References to Articles, Sections, Annexes, Exhibits and Schedules are to Articles, Sections,
Annexes, Exhibits and Schedules of this Agreement unless otherwise specified. All Annexes, Exhibits and Schedules annexed hereto
or referred to herein are hereby incorporated in and made a part of this Agreement as if set forth in full herein. Any terms used
in any Annex, Exhibit or Schedule or in any certificate or other document made or delivered pursuant hereto but not otherwise defined
therein shall have the meaning as defined in this Agreement. The definition of terms herein shall apply equally to the singular
and the plural. Whenever the context may require, any pronoun shall include the corresponding masculine, feminine and neuter forms.
The word &ldquo;will&rdquo; shall be construed to have the same meaning as the word &ldquo;shall&rdquo;. Whenever the words &ldquo;include&rdquo;,
&ldquo;includes&rdquo; or &ldquo;including&rdquo; are used in this Agreement, they shall be deemed to be followed by the words
&ldquo;without limitation&rdquo;, whether or not they are in fact followed by those words or words of like import. The word &ldquo;extent&rdquo;
in the phrase &ldquo;to the extent&rdquo; shall mean the degree to which a subject or thing extends, and such shall not mean simply
&ldquo;if&rdquo;. The word &ldquo;or&rdquo; shall not be exclusive. &ldquo;Writing&rdquo;, &ldquo;written&rdquo; and comparable
terms refer to printing, typing and other means of reproducing words (including electronic media) in a visible form. Unless otherwise
specified, references to any statute shall be deemed to refer to such statute as amended from time to time and to any rules or
regulations promulgated thereunder. References to any agreement or Contract are to that agreement or Contract as amended, modified
or supplemented from time to time in accordance with the terms hereof and thereof. References to any Person include the successors
and permitted assigns of that Person. This Agreement shall be construed without regard to any presumption or rule requiring construction
or interpretation against the party drafting or causing any instrument to be drafted. The phrase &ldquo;date hereof&rdquo; or &ldquo;date
of this Agreement&rdquo; shall be deemed to refer to the date set forth in the preamble of this Agreement. References from or through
any date mean, unless otherwise specified, from and including or through and including, respectively. The measure of a period of
one month or year for purposes of this Agreement will be the date of the following month or year corresponding to the starting
date; and, if no corresponding date exists, then the end date of such period being measured will be the next actual date of the
following month or year (for example, one month following February 18 is March 18 and one month following March 31 is May 1). References
to &ldquo;law&rdquo;, &ldquo;laws&rdquo; or to a particular statute or law shall be deemed also to include any Applicable Law.
Any references in this Agreement to &ldquo;dollars&rdquo; or &ldquo;$&rdquo; shall be to U.S. dollars.</P>

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

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

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<P STYLE="font: small-caps 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><FONT STYLE="font-variant: normal; text-transform: uppercase">Article
2</FONT><BR>
<FONT STYLE="font-variant: normal"><U>The Merger</U></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 2.01.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>The Merger. </I> Upon the terms and subject to the satisfaction or waiver of the conditions set forth in this Agreement,
and in accordance with Delaware Law, at the Effective Time, Merger Subsidiary shall be merged (the &ldquo;<B>Merger</B>&rdquo;)
with and into the Company in accordance with Delaware Law, whereupon, the separate existence of Merger Subsidiary shall cease and
the Company shall be the surviving corporation (the &ldquo;<B>Surviving Corporation</B>&rdquo;).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Subject to the provisions of <U>Article 9</U>, the closing of the Merger (the &ldquo;<B>Closing</B>&rdquo;) shall take place
by means of the exchange of signatures electronically at 7:00 a.m. San Francisco, California time, as soon as possible, but in
any event no later than three (3) Business Days after the date the conditions set forth in <U>Article 9</U> (other than conditions
that by their nature are to be satisfied at the Closing, but subject to the satisfaction or, to the extent permissible, waiver
of those conditions at the Closing) have been satisfied or, to the extent permissible, waived by the party or parties entitled
to the benefit of such conditions, or at such other time or on such other date as Parent and the Company may mutually agree (the
&ldquo;<B>Closing Date</B>&rdquo;).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>As promptly as practicable on the Closing Date, the parties hereto shall cause a certificate of merger meeting the requirements
of Section 251 of Delaware Law (the &ldquo;<B>Certificate of Merger</B>&rdquo;) relating to the Merger to be properly executed
and filed with the Secretary of State of the State of Delaware in accordance with the terms and conditions of Delaware Law and
in such form as is reasonably satisfactory to both Parent and the Company. The Merger shall become effective at the time of filing
of the Certificate of Merger with the Secretary of State of the State of Delaware in accordance with Delaware Law, or at such later
time which the parties hereto shall have agreed and designated in the Certificate of Merger as the effective time of the Certificate
of Merger (the &ldquo;<B>Effective Time</B>&rdquo;).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The Merger shall have the effects set forth in this Agreement and the applicable provisions of Delaware Law. Without limiting
the generality of the foregoing and subject thereto, at the Effective Time, all the property, rights, privileges, immunities, powers
and franchises of the Company and Merger Subsidiary shall vest in the Company as the Surviving Corporation in the Merger, and all
debts, liabilities, obligations and duties of the Company and Merger Subsidiary shall become the debts, liabilities, obligations
and duties of the Company as the Surviving Corporation in the Merger.</P>

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

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 2.02.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>Conversion of Shares. </I> At the Effective Time, by virtue of the Merger and without any action on the part of the holders
thereof:</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>except as otherwise provided in <U>Section 2.02(b)</U> or <U>Section 2.04</U>, each share of Company Stock outstanding immediately
prior to the Effective Time, other than the Dissenting Shares, shall be automatically canceled and converted into the right to
receive $18.00 in cash, without interest and subject to <U>Section 2.06</U> (the &ldquo;<B>Merger Consideration</B>&rdquo;).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>each share of Company Stock held by the Company or any Subsidiary of the Company as treasury stock or owned by Parent or
Merger Subsidiary, or by any other Subsidiary of Parent, immediately prior to the Effective Time shall be canceled and shall cease
to exist, and no payment shall be made with respect thereto; and</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>each share of common stock of Merger Subsidiary outstanding immediately prior to the Effective Time shall be converted into
and become one share of common stock, par value $0.01 per share, of the Surviving Corporation and shall constitute the only outstanding
shares of capital stock of the Surviving Corporation.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 2.03.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>Surrender and Payment.</I></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Prior to the Effective Time, Parent shall appoint an agent reasonably acceptable to the Company (the &ldquo;<B>Paying Agent</B>&rdquo;)
for the purpose of paying the Merger Consideration in respect of (i) certificates representing shares of Company Stock (the &ldquo;<B>Certificates</B>&rdquo;)
or (ii) uncertificated shares of Company Stock (the &ldquo;<B>Uncertificated Shares</B>&rdquo;). Prior to the Effective Time, Parent
shall make available to the Paying Agent the Merger Consideration to be paid in respect of the Certificates and the Uncertificated
Shares. Promptly after the Effective Time (but in no event later than two (2) Business Days after the Effective Time), Parent shall
send, or shall cause the Paying Agent to send, to each holder of record of shares of Company Stock at the Effective Time a letter
of transmittal (in a form that was reasonably acceptable to the Company prior to the Effective Time) and instructions (which shall
specify that the delivery shall be effected, and risk of loss and title shall pass, only upon proper delivery of the Certificates
or transfer of the Uncertificated Shares to the Paying Agent) for use in such exchange.</P>

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

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Each holder of shares of Company Stock that have been converted into the right to receive the Merger Consideration shall
be entitled to receive, upon (i) surrender to the Paying Agent of a Certificate, together with a properly completed letter of transmittal,
or (ii) receipt of an &ldquo;agent&rsquo;s message&rdquo; by the Paying Agent (or such other evidence, if any, of transfer as the
Paying Agent may reasonably request) in the case of a book-entry transfer of Uncertificated Shares, the Merger Consideration in
respect of the Company Stock represented by a Certificate or Uncertificated Share. Until so surrendered or transferred, as the
case may be, each such Certificate or Uncertificated Share shall represent after the Effective Time for all purposes only the right
to receive such Merger Consideration. At or prior to the Effective Time or in the case of payments pursuant to <U>Section 2.04</U>,
when ascertained, Parent shall deposit, or cause to be deposited, with the Paying Agent, for the benefit of the holders of Company
Stock, cash in an amount sufficient to pay the Merger Consideration (such cash being hereinafter referred to as the &ldquo;<B>Payment
Fund</B>&rdquo;). The Payment Fund shall, pending its disbursement to the holders of Company Stock, be invested by the Paying Agent
as directed by Parent or, after the Effective Time, the Surviving Corporation in (w) short-term direct obligations of the United
States of America, (x) short-term obligations for which the full faith and credit of the United States of America is pledged to
provide for the payment of principal and interest, (y) short-term commercial paper rated the highest quality by either Moody&rsquo;s
Investors Service, Inc. or Standard and Poor&rsquo;s Ratings Services, or (z) certificates of deposit, bank repurchase agreements
or banker&rsquo;s acceptances of commercial banks reasonably acceptable to the Company; <U>provided</U>, that no such investment
or losses shall affect the amounts payable to such holders of Company Stock and Parent shall promptly replace or cause to be replaced
any funds deposited with the Paying Agent that are lost through any investment so as to ensure that the Payment Fund is at all
times maintained at a level sufficient for the Paying Agent to pay the Merger Consideration. Earnings from investments, subject
to the immediately preceding proviso, shall be paid to and shall be the sole and exclusive property of Parent and the Surviving
Corporation. Except as contemplated by <U>Section 2.03(e)</U> hereof, the Payment Fund shall not be used for any other purpose.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>If any portion of the Merger Consideration is to be paid to a Person other than the Person in whose name the surrendered
Certificate or the transferred Uncertificated Share is registered, it shall be a condition to such payment that (i) either such
Certificate shall be properly endorsed or shall otherwise be in proper form for transfer or such Uncertificated Share shall be
properly transferred and (ii) the Person requesting such payment shall pay to the Paying Agent any transfer or other Taxes required
as a result of such payment to a Person other than the registered holder of such Certificate or Uncertificated Share or establish
to the satisfaction of the Paying Agent that such Tax has been paid or is not payable.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>After the Effective Time, there shall be no further registration of transfers of shares of Company Stock outstanding immediately
prior to the Effective Time. If, after the Effective Time, Certificates or Uncertificated Shares are presented to the Surviving
Corporation or the Paying Agent, they shall be canceled and exchanged for the Merger Consideration provided for, and in accordance
with the procedures set forth, in this <U>Article 2</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(e)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Any portion of the Merger Consideration made available to the Paying Agent pursuant to <U>Section 2.03(a)</U> that remains
unclaimed by the holders of shares of Company Stock one (1) year after the Effective Time shall be returned to Parent, upon demand,
and any such holder who has not exchanged shares of Company Stock for the Merger Consideration in accordance with this <U>Section
2.03</U> prior to that time shall thereafter look only to Parent for payment of the Merger Consideration, in respect of such shares
without any interest thereon. Notwithstanding the foregoing, Parent shall not be liable to any holder of shares of Company Stock
for any amounts paid to a Public Official pursuant to applicable abandoned property, escheat or similar laws. Any amounts remaining
unclaimed by holders of shares of Company Stock immediately prior to such time when such amounts would otherwise escheat to or
become property of any Governmental Authority shall become, to the extent permitted by Applicable Law, the property of Parent free
and clear of any claims or interest of any Person previously entitled thereto.</P>

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

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(f)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT> Any portion of the Merger Consideration made available to the Paying Agent pursuant to <U>Section 2.04</U> in respect of
any Dissenting Shares shall be returned to Parent, upon demand.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 2.04.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>Dissenting Shares</I>. Notwithstanding any other provision of this Agreement to the contrary, shares of Company Stock
that are outstanding immediately prior to the Effective Time and which are held by stockholders who shall have, in all respects,
properly exercised appraisal rights of such shares and perfected a demand for and are entitled to appraisal for such shares in
accordance with Section 262 of Delaware Law and, as of the Effective Time, have complied in all respects with Section 262 of Delaware
Law and shall not have waived, effectively withdrawn or lost such Person&rsquo;s rights to such appraisal and payment under Delaware
Law with respect to such shares (collectively, the &ldquo;<B>Dissenting Shares</B>&rdquo;) shall not be converted into or represent
the right to receive the Merger Consideration pursuant to <U>Section 2.02</U>. Such stockholders instead shall only be entitled
to receive the fair value of such Dissenting Shares held by them in accordance with the provisions of, and as provided by, Section
262 of Delaware Law. At the Effective Time, such Dissenting Shares shall no longer be outstanding and shall automatically be canceled
and shall cease to exist and such stockholders shall cease to have any rights with respect thereto except the rights set forth
in Section 262 of Delaware Law. All Dissenting Shares held by stockholders who shall have failed to perfect or who effectively
shall have waived, withdrawn, or otherwise lost the right to appraisal of such shares of Company Stock under Section 262 of Delaware
Law shall thereupon be deemed to have been canceled and converted into and to have become exchangeable, as of the Effective Time,
for the right to receive, without any interest thereon, and after giving effect to any required Tax withholdings, the Merger Consideration
upon surrender in the manner provided in <U>Section 2.03</U>. The Company shall (a) give Parent prompt notice of any notice or
demand for appraisal or payment for shares of Company Stock or any withdrawals of such demands received by the Company prior to
the Effective Time, (b) give Parent the opportunity to direct all negotiations and proceedings with respect to any such demands
and (c) not, without the prior written consent of Parent, make any payment with respect to, or settle or offer to settle or otherwise
negotiate, any such demands, or approve any withdrawal of any such demands, or waive any failure to timely deliver a written demand
for appraisal or otherwise to comply with the provisions under Section 262 of Delaware Law, or agree to do any of the foregoing.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 2.05.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>Company Equity Awards</I>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>At or immediately prior to the Effective Time, each award of restricted stock units with respect to shares of Company Stock
granted under a Company Stock Plan (each, a &ldquo;<B>Company RSU</B>&rdquo;) that is outstanding immediately prior to the Effective
Time shall be canceled by virtue of the Merger and without any action on the part of the holder thereof and converted into the
right to receive, in consideration of the cancellation of such Company RSU and in settlement therefor, an amount in cash equal
to (i) the number of shares of Company Stock subject to such Company RSU immediately prior to the Effective Time (as to any such
Company RSU subject to performance-based vesting conditions, with such number of shares determined in accordance with the applicable
award agreement and after giving effect to the change in control provisions applicable to such award), multiplied by (ii) the Merger
Consideration (such amount, the &ldquo;<B>Company RSU Merger Consideration</B>&rdquo;). Parent shall cause the Surviving Corporation
to pay the Company RSU Merger Consideration, without interest and less any required Tax withholdings, to the holder of the applicable
Company RSU through its payroll at or reasonably promptly after the Effective Time (but in no event later than three (3) Business
Days after the Effective Time). Following the Effective Time, no holder of any Company RSU shall have the right to acquire any
equity interest in the Company or the Surviving Corporation in respect thereof. As of the Effective Time, all Company Stock Plans
shall terminate, and, except as provided in this <U>Section 2.05</U>, no further rights with respect to Company RSUs or other awards
thereunder shall be granted or remain outstanding or in effect thereunder.</P>

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

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Prior to the Effective Time, the Company Board (or, if appropriate, any committee thereof administering any Company Stock
Plan) shall adopt such resolutions or take action by written consent in lieu of a meeting, providing for the transactions contemplated
by <U>Section&nbsp;2.05(a)</U>, including (1) the termination of all Company Stock Plans effective as of the Effective Time and
(2) so that, following the Effective Time, no holder of any Company RSU shall have the right to acquire any equity interest in
the Company or the Surviving Corporation in respect thereof.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The rights of participants in the ESPP with respect to any offering period underway immediately prior to the Effective Time
under the ESPP shall be determined by treating the last Business Day prior to the Effective Time as the last day of such offering
period and by making such other pro-rata adjustments as may be necessary to reflect the shortened offering period but otherwise
treating such shortened offering period as a fully effective and completed offering period for all purposes under the ESPP. After
the date of this Agreement, no new participants shall be permitted to enroll in the ESPP, no participant may increase the rate
of his or her participation in the ESPP from the level in effect on the date of this Agreement, and no new offering or purchase
period shall commence under the ESPP. The ESPP shall terminate as of the Effective Time. The Company and the Company Board (or,
if appropriate, any committee thereof administering the ESPP) shall adopt such resolutions, or take action by written consent in
lieu of a meeting, providing for the transactions contemplated by this <U>Section 2.05(c)</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 2.06.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>Withholding Rights</I>. Each of the Paying Agent, Merger Subsidiary, the Surviving Corporation and Parent shall be entitled
to deduct and withhold from the consideration otherwise payable to any Person pursuant to this <U>Article 2</U> such amounts as
it is required to deduct and withhold with respect to the making of such payment under any provision of federal, state, local or
foreign Tax law. If the Paying Agent, Merger Subsidiary, the Surviving Corporation or Parent, as the case may be, withholds any
such amounts and properly pays such amounts over to the appropriate Taxing Authority, such amounts shall be treated for all purposes
of this Agreement as having been paid to the Person in respect of which such withholding was made.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 2.07.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>Lost Certificates</I>. If any Certificate shall have been lost, stolen or destroyed, upon the making of an affidavit
of that fact by the Person claiming such Certificate to be lost, stolen or destroyed and, if required by the Surviving Corporation,
the posting by such Person of a bond, in such reasonable amount as the Surviving Corporation may direct, as indemnity against any
claim that may be made against it with respect to such Certificate, the Paying Agent will issue, in exchange for such lost, stolen
or destroyed Certificate, the Merger Consideration to be paid in respect of the shares of Company Stock represented by such Certificate,
as contemplated by this <U>Article 2</U>.</P>

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

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

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<P STYLE="font: small-caps 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><FONT STYLE="font-variant: normal; text-transform: uppercase">Article
3</FONT></P>

<P STYLE="font: small-caps 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><FONT STYLE="font-variant: normal"><U>The
Surviving Corporation</U></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 3.01.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>Certificate of Incorporation. </I>The certificate of incorporation of the Company shall be amended and restated, as a
result of the Merger, at the Effective Time to read in its entirety in the form attached hereto as Exhibit A and, as so amended
and restated, shall be the certificate of incorporation of the Surviving Corporation until amended in accordance with Applicable
Law.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 3.02.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>Bylaws</I>. The bylaws of the Company shall be amended and restated at the Effective Time to read in their entirety in
the form attached hereto as Exhibit B and, as so amended and restated, shall be the bylaws of the Surviving Corporation until amended
in accordance with Applicable Law.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 3.03.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>Directors and Officers. </I>From and after the Effective Time, until successors are duly elected or appointed and qualified
in accordance with Applicable Law, (a) the directors of Merger Subsidiary at the Effective Time shall be the directors of the Surviving
Corporation and (b) the officers of the Company at the Effective Time shall be the officers of the Surviving Corporation.</P>

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

<P STYLE="font: small-caps 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><FONT STYLE="font-variant: normal; text-transform: uppercase">Article
4</FONT><BR>
<FONT STYLE="font-variant: normal"><U>Representations and Warranties of the Company</U></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Subject to <U>Section
11.05</U>, except as disclosed in the Company SEC Documents filed with the SEC on its Electronic Data Gathering Analysis and Retrieval
System on or after February 2, 2018 (the &ldquo;<B>Applicable Date</B>&rdquo;) but at least two (2) Business Days prior to the
date of this Agreement (but excluding any forward-looking disclosures set forth in any &ldquo;risk factors&rdquo; section, any
disclosures in any &ldquo;forward-looking statements&rdquo; section and any other disclosures included therein that are cautionary,
predictive or forward-looking in nature, which in no event shall be deemed to be an exception to or a disclosure against any representation
or warranty set forth in this <U>Article 4</U>) or as set forth in the Company Disclosure Letter, the Company represents and warrants
to Parent and Merger Subsidiary that:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 4.01.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>Corporate Existence and Power. </I></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The Company is a corporation duly incorporated, validly existing and in good standing under the laws of the State of Delaware.
The Company has all requisite corporate power and authority, and all Permits required to own, lease and operate its properties
and assets and to carry on its business as currently conducted, except where the failure to have such power or Permits would not
reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect on the Company. The Company is duly
qualified to do business as a foreign corporation and (where applicable and recognized) is in good standing in each jurisdiction
where such qualification is necessary, except for those jurisdictions where failure to be so qualified would not reasonably be
expected to have, individually or in the aggregate, a Material Adverse Effect on the Company.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>True, complete and correct copies of the certificate of incorporation and bylaws of the Company, each as amended to the
date of this Agreement, have been made available through filings with the SEC. Each of the certificate of incorporation and bylaws
of the Company is in full force and effect, and the Company is not in violation of any of the provisions of such documents.</P>

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

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 4.02.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>Corporate Authorization. </I></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The execution, delivery and performance by the Company of this Agreement and the other Transaction Documents to be delivered
by the Company at Closing and the consummation by the Company of the transactions contemplated hereby are within the Company&rsquo;s
corporate powers and, except for the Company Stockholder Approval required in connection with the consummation of the Merger, have
been duly authorized by all necessary corporate action on the part of the Company. The affirmative vote of the holders of a majority
of the outstanding shares of Company Stock in favor of adoption of this Agreement is the only vote of the holders of any of the
Company&rsquo;s capital stock necessary in connection with the consummation of the Merger (the &ldquo;<B>Company Stockholder Approval</B>&rdquo;).
Assuming due authorization, execution and delivery by Parent and Merger Subsidiary, this Agreement constitutes, and each Transaction
Document to which the Company is a party will constitute, a valid and binding agreement of the Company enforceable against the
Company in accordance with its terms (subject to applicable bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium
and other laws affecting creditors&rsquo; rights generally and general principles of equity).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>At a meeting duly called and held, pursuant to resolutions that have not been subsequently rescinded, withdrawn or qualified,
the Company Board has (i)&nbsp; determined that this Agreement and the transactions contemplated hereby are advisable and in the
best interests of the Company&rsquo;s stockholders, (ii) approved and declared advisable this Agreement and the transactions contemplated
hereby, (iii) directed that this Agreement be submitted to the Company&rsquo;s stockholders to be adopted and (iv) resolved, subject
to <U>Section&nbsp;6.03</U>, to recommend adoption and approval of this Agreement by the Company&rsquo;s stockholders (such recommendation
in the preceding clause (iv), the &ldquo;<B>Company Board Recommendation</B>&rdquo;).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 4.03.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>Governmental Authorization. </I>Neither the execution, delivery or performance by the Company of this Agreement and the
other Transaction Documents to be delivered pursuant hereto by the Company at the Closing nor the consummation by the Company of
the transactions contemplated hereby require any action by or in respect of, or filing with, any Governmental Authority, other
than (a) the filing of the Certificate of Merger with respect to the Merger with the Secretary of State of the State of Delaware
and appropriate documents with the relevant authorities of other states in which the Company is qualified to do business, (b) compliance
with any applicable requirements of the HSR Act and competition, merger control, antitrust or similar Applicable Law of any jurisdiction
outside of the United States (&ldquo;<B>Foreign Antitrust Laws</B>&rdquo;), (c) compliance with any applicable requirements of
the 1933 Act, 1934 Act and any other applicable state or federal securities laws, (d) compliance with any applicable rules of Nasdaq,
and (e) any actions or filings the absence of which would not reasonably be expected to have, individually or in the aggregate,
a Material Adverse Effect on the Company.</P>

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

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 4.04.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>Non-contravention. </I>Neither the execution, delivery or performance by the Company of this Agreement or the Transaction
Documents to be delivered pursuant hereto by the Company at the Closing nor the consummation of the transactions contemplated hereby
do or will (a) subject to obtaining the Company Stockholder Approval, contravene, conflict with, or result in any violation or
breach of any provision of the certificate of incorporation or bylaws of the Company or any equivalent organizational or governing
documents of any Subsidiary of the Company, (b) assuming compliance with the matters referred to in <U>Section 4.03</U>, contravene,
conflict with or result in a violation or breach of any provision of any Applicable Law, (c) assuming compliance with the matters
referred to in <U>Section 4.03</U>, require any consent or other action by any Person under, constitute a default, or an event
that, with or without notice or lapse of time or both, would constitute a default, under, or cause or permit the termination, cancellation,
acceleration or other change of any right or obligation or the loss of any benefit to which the Company or any of its Subsidiaries
is entitled under any provision of any agreement or other instrument binding upon the Company or any of its Subsidiaries or (d)
result in the creation or imposition of any Lien (other than Permitted Liens) on any asset of the Company or any of its Subsidiaries,
with only such exceptions, in the case of each of clauses (b) through (d), as would not reasonably be expected to have, individually
or in the aggregate, a Material Adverse Effect on the Company.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 4.05.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>Capitalization. </I></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The authorized capital stock of the Company consists of 100,000,000 shares of Company Stock and 20,000,000 shares of preferred
stock, par value $0.01 per share, of the Company (&ldquo;<B>Preferred Stock</B>&rdquo;). As of 5:00 p.m., California time, on December
15, 2020 (the &ldquo;<B>Reference Time</B>&rdquo;), there were (i) 43,615,660 shares of Company Stock outstanding, (ii) an aggregate
of 1,415,865 shares of Company Stock reserved for issuance pursuant to outstanding Company RSUs (assuming maximum vesting levels),
and (iii) no shares of Preferred Stock outstanding. All outstanding shares of capital stock of the Company have been, and all shares
that may be issued pursuant to any Company Stock Plan or other Employee Plan will be, when issued in accordance with the respective
terms thereof, duly authorized, validly issued, fully paid and nonassessable.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Except as set forth in this <U>Section 4.05</U> and for changes since the Reference Time expressly permitted pursuant to
<U>Section 6.01(c)</U> or <U>Section 6.01(c)</U> of the Company Disclosure Letter, there are no issued, reserved for issuance or
outstanding: (i) shares of capital stock or other voting securities of or ownership interests in the Company, (ii) securities of
the Company convertible into or exchangeable for shares of capital stock or other voting securities of or ownership interests in
the Company, (iii) warrants, calls, options, subscriptions or other rights or agreements to acquire from the Company, or other
obligation of the Company to issue, any capital stock, voting securities or securities convertible into or exchangeable for capital
stock or voting securities of the Company or (iv) restricted shares, stock appreciation rights, restricted stock units, performance
units, profits interests, contingent value rights, &ldquo;phantom&rdquo; stock or similar securities or rights that are derivative
of, or provide economic benefits based, directly or indirectly, on the value or price of, any capital stock of or voting securities
of the Company (the items in clauses (i) through (iv) being referred to collectively as the &ldquo;<B>Company Securities</B>&rdquo;).
Neither the Company nor any of its Subsidiaries has an obligation to repurchase, redeem or otherwise acquire any capital stock
or equity or voting securities of the Company, other than to satisfy applicable withholding obligations in connection with the
settlement of Company RSUs. Neither the Company nor any of its Subsidiaries is a party to any voting agreement, voting trusts,
stockholder agreements, registration rights agreements or similar agreements with respect to the voting of any Company Securities.</P>

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

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT> <U>Section 4.05(c)</U> of the Company Disclosure Letter sets forth a complete and correct list, as of the Reference Time,
of each outstanding award of Company RSUs (collectively, the &ldquo;<B>Company Equity Awards</B>&rdquo;), including, with respect
to each such award, (i) the grant date, (ii) the name of the holder thereof, (iii) the number of shares of Company Stock subject
to such award, (iv) the number of vested and unvested shares of Company Stock subject to such award and (v) the expiration date,
if any.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Except as set forth on <U>Section 4.05(d)</U> of the Company Disclosure Letter, no (i) shares of capital stock of the Company
or (ii) Company Securities are owned by any Subsidiary of the Company.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 4.06.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>Subsidiaries. </I></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Section 4.06(a)</U> of the Company Disclosure Letter sets forth a complete and correct list, as of the date of this Agreement,
of each Subsidiary of the Company and its place and form of organization</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Each Subsidiary of the Company has been duly organized, is validly existing and (where applicable) in good standing under
the laws of its jurisdiction of organization. Each Subsidiary of the Company has all organizational powers and all Permits required
to own, lease and operate its properties and assets and to carry on its business as currently conducted, except where the failure
to have such power or Permits would not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect
on the Company. Each such Subsidiary is duly qualified to do business as a foreign entity and (where applicable) is in good standing
in each jurisdiction where such qualification is necessary, except for those jurisdictions where failure to be so qualified would
not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect on the Company.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>All of the outstanding capital stock of or other voting securities of, or ownership interests in, each Subsidiary of the
Company, is owned by the Company, directly or indirectly, free and clear of any Lien (other than Permitted Liens) and free of any
transfer restriction (other than transfer restrictions of general applicability as may be provided under the 1933 Act or other
applicable securities laws), including any restriction on the right to vote, sell or otherwise dispose of such capital stock or
other voting securities or ownership interests. There are no issued, reserved for issuance or outstanding (i) securities of the
Company or any of its Subsidiaries convertible into, or exchangeable for, shares of capital stock or other voting securities of,
or ownership interests in, any Subsidiary of the Company, (ii) warrants, calls, options, subscriptions or other rights or agreements
to acquire from the Company or any of its Subsidiaries, or other obligations of the Company or any of its Subsidiaries to issue,
any capital stock or other voting securities of, or ownership interests in, or any securities convertible into, or exchangeable
for, any capital stock or other voting securities of, or ownership interests in, any Subsidiary of the Company or (iii) restricted
shares, stock appreciation rights, stock-based performance units, profits interests, contingent value rights, &ldquo;phantom&rdquo;
stock or similar securities or rights that are derivative of, or provide economic benefits based, directly or indirectly, on the
value or price of, any capital stock or other voting securities of, or ownership interests in, any Subsidiary of the Company (the
items in clauses (i) through (iii) being referred to collectively as the &ldquo;<B>Company Subsidiary Securities</B>&rdquo;). There
are no outstanding obligations of the Company or any of its Subsidiaries to repurchase, redeem or otherwise acquire any of the
Company Subsidiary Securities. Neither the Company nor any of its Subsidiaries is a party to any voting agreement, voting trusts,
stockholder agreements, registration rights agreements or similar agreements with respect to the voting of any Company Subsidiary
Securities.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 4.07.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>SEC Filings and the Sarbanes-Oxley Act. </I></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Since the Applicable Date, the Company has timely filed with or furnished to the SEC all reports, schedules, forms, statements,
prospectuses, registration statements and other documents required to be filed with or furnished to the SEC by the Company (collectively,
together with any exhibits and schedules thereto and other information incorporated therein, the &ldquo;<B>Company SEC Documents</B>&rdquo;).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>No Subsidiary of the Company is required to file or furnish any report, statement, schedule, form or other document with,
or make any other filing with, or furnish any other material to, the SEC.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>As of its filing date (or, if amended or superseded by a filing prior to the date of this Agreement, on the date of such
filing), each Company SEC Document filed pursuant to the 1934 Act did not contain any untrue statement of a material fact or omit
to state any material fact necessary in order to make the statements made therein, in the light of the circumstances under which
they were made, not misleading.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Each Company SEC Document that is a registration statement, as amended or supplemented, if applicable, filed pursuant to
the 1933 Act, as of the date such registration statement or amendment became effective, complied in all material respects with
the requirements of the 1933 Act and did not contain any untrue statement of a material fact or omit to state any material fact
required to be stated therein or necessary to make the statements therein not misleading.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(e)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT> (i) There are no material outstanding or unresolved comments from the SEC with respect to the Company SEC Documents and
(ii) to the knowledge of the Company, none of the Company SEC Documents is the subject of outstanding SEC comments or an outstanding
SEC investigation.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(f)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The Company and each of its officers are in compliance in all material respects with the applicable provisions of the Sarbanes-Oxley
Act. The management of the Company has, in material compliance with Rule 13a-15 under the 1934 Act, designed disclosure controls
and procedures to ensure that material information relating to the Company, including its consolidated Subsidiaries, is made known
to the management of the Company by others within those entities, and disclosed, based on its most recent evaluation prior to the
date of this Agreement, to the Company&rsquo;s auditors and the audit committee of the Company Board (i) any significant deficiencies
in the design or operation of internal control over financial reporting (&ldquo;<B>Internal Controls</B>&rdquo;) which would adversely
affect the Company&rsquo;s ability to record, process, summarize and report financial data and have identified for the Company&rsquo;s
auditors any material weaknesses in Internal Controls and (ii) any fraud, whether or not material, that involves management or
other employees who have a significant role in the Company&rsquo;s Internal Controls.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(g)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT> The Company and its Subsidiaries maintain a system of Internal Controls (as defined in Rule 13a-15 under the 1934 Act)
sufficient to provide reasonable assurance regarding the reliability of the Company&rsquo;s financial reporting and the preparation
of Company financial statements for external purposes in accordance with GAAP. The Company has disclosed, based on its most recent
evaluation of Internal Controls prior to the date of this Agreement, to the Company&rsquo;s auditors and audit committee (i) any
significant deficiencies and material weaknesses in the design or operation of the Company&rsquo;s Internal Controls, which are
reasonably likely to adversely affect the Company&rsquo;s ability to record, process, summarize and report financial information
and (ii) any fraud, whether or not material, that involves management or other employees who have a significant role in the Company&rsquo;s
Internal Control.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(h)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Since the Applicable Date, the Company has complied in all material respects with the applicable listing and corporate governance
rules and regulations of Nasdaq.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 4.08.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>Financial Statements. </I>The audited consolidated financial statements and unaudited consolidated quarterly financial
statements (in each case, including the related notes and schedules) of the Company included or incorporated by reference in the
Company SEC Documents (a) have been prepared in conformity with GAAP applied on a consistent basis for the periods then ended (except
as may be indicated in the notes thereto) and (b) fairly present, in all material respects, the consolidated financial position
of the Company and its consolidated Subsidiaries as of the dates thereof and their consolidated results of operations and cash
flows for the periods then ended (except, in the case of any unaudited quarterly financial statements with respect to clause (a)
or (b), as permitted by Form 10-Q of the SEC or other rules and regulations of the SEC and subject to normal and recurring year-end
audit adjustments that were not or will not be material in amount or effect). Since February 2, 2019, there has been no change
in the Company&rsquo;s accounting policies or methods of making accounting estimates or changes in estimates that are material
to the Company&rsquo;s financial statements.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 4.09.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>Disclosure Documents. </I>The information supplied by the Company for inclusion in the proxy statement, or any amendment
or supplement thereto, to be sent to the Company stockholders in connection with the Merger and the other transactions contemplated
by this Agreement (the &ldquo;<B>Proxy Statement</B>&rdquo;) shall not, on the date the Proxy Statement, and any amendments or
supplements thereto, is first filed with the SEC or first mailed to the stockholders of the Company or at the time of the Company
Stockholder Approval contain any untrue statement of a material fact or omit to state any material fact necessary in order to make
the statements therein, in light of the circumstances under which they were made, not misleading. The representations and warranties
contained in this <U>Section 4.09</U> shall not apply to statements or omissions included or incorporated by reference in the Proxy
Statement based upon information supplied by Parent, Merger Subsidiary or any of their respective Representatives specifically
for use or incorporation by reference therein. The Proxy Statement will comply as to form in all material respects with the provisions
of the 1934 Act and the rules and regulations thereunder and other Applicable Law.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 4.10.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>Absence of Certain Changes. </I></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>From
the Company Balance Sheet Date until the date of this Agreement, there have not been any changes, effects, events,
circumstances, developments, conditions or occurrences that have had, or would reasonably be expected to have, individually
or in the aggregate, a Material Adverse Effect.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Except for actions taken to ensure compliance by the Company and its Subsidiaries and their respective directors, officers,
employees, consultants or customers with respect to any COVID-19 Measures, from the Company Balance Sheet Date until the date of
this Agreement, (i) the business of the Company and its Subsidiaries has been conducted in all material respects in the ordinary
course of business consistent with past practice and (ii) there has not been any action taken by the Company or any of its Subsidiaries
that, if taken during the period from the date of this Agreement through the Effective Time without Parent&rsquo;s consent, would
constitute a breach of <U>Section 6.01</U> (other than <U>Section 6.01(c)</U>, <U>Section 6.01(d)</U> and <U>Section 6.01(j)</U>).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>From the Company Balance Sheet Date until the date of this Agreement, there has not been, with respect to the Company or
any of its Subsidiaries, (i) any Tax election (or the rescission of any Tax election) that has a material effect on Taxes, (ii)
any amendment with respect to any Tax Return relating to a material amount of Taxes, (iii) any settlement or compromise of any
material Tax claim, (iv) any material Tax audit or assessment, (v) the entry into of any closing agreement, (vi) any extension
or waiver of the statute of limitations relating to a material amount of Taxes, (vii) any action to surrender any right to claim
a material Tax refund, (viii) any change to an annual Tax accounting period, or (ix) any change of any Tax accounting method that
has a material effect on Taxes, except, in each case, for actions taken in the ordinary course.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 4.11.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>No Undisclosed Material Liabilities. </I>There are no liabilities or obligations of the Company or any of its Subsidiaries
of any kind whatsoever, whether accrued, contingent, absolute, determined, determinable or otherwise, other than: &nbsp;(i) liabilities
or obligations disclosed, reflected or reserved against in the Company Balance Sheet; (ii)&nbsp;liabilities or obligations incurred
in the ordinary course of business consistent with past practice since the Company Balance Sheet Date; (iii)&nbsp;liabilities or
obligations incurred under this Agreement or in connection with the transactions contemplated hereby; (iv) liabilities or obligations
that would not be required to be reflected or reserved against in the Company Balance Sheet under GAAP and (v)&nbsp;liabilities
or obligations that would not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect on the
Company.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 4.12.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>Compliance with Laws and Court Orders; Permits</I>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The Company and each of its Subsidiaries (i) are, and have at all times since the Applicable Date been, in material compliance
with Applicable Law, and (ii) since the Applicable Date, have not received any written notices from any Governmental Authority
alleging, nor, to the Company&rsquo;s knowledge, has any Governmental Authority otherwise threatened, that the Company or any of
its Subsidiaries is in material violation of Applicable Law. The Company and each of its Subsidiaries has in full force and effect
all Permits which are necessary for it conduct its business as presently conducted, except for such Permits the absence of which
have not had and would not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect on the Company.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Without
limiting the generality of <U>Section 4.12(a)</U>, each of the Company and its Subsidiaries (i) conducts its business and is
in material compliance with all federal, state and local laws governing or otherwise regulating the importation,
transportation, purchase or other acquisition, possession or sale or other transfer of firearms, ammunition or explosives,
including without limitation the Gun Control Act of 1968, as amended (Chapter 44 of Title 18, United States Code), the
National Firearms Act of 1934, as amended (Chapter 53 of Title 26, United States Code), and the Arms Export Control Act (22
U.S.C. &sect; 2778), as well as all applicable rules and regulations of the Bureau of Alcohol, Tobacco, Firearms and
Explosives (the &ldquo;<B>ATF</B>&rdquo;) (collectively, the &ldquo;<B>Firearms, Ammunition and Explosives Laws</B>&rdquo;);
and (ii) possesses, and is in compliance with the terms of, all material Permits required in order for the Company and its
Subsidiaries to conduct their respective businesses including with respect to the sale of firearms, ammunition and
explosives. Since the Applicable Date, neither the Company nor any of its Subsidiaries has received from the ATF or any other
Governmental Authority any notice of revocation, suspension, termination or material impairment of any such Permit and has no
reason to believe that the ATF or any other Governmental Authority may issue any such notice, except for any such notice that
would not, individually or in the aggregate, be material to the business of the Company or its Subsidiaries taken as a whole.
Neither the Company nor any of its Subsidiaries (1) has received from the ATF or any other Governmental Authority any notice
of material violation of any Firearms, Ammunition and Explosives Law or other Applicable Laws or (2) has any reason to
believe that the ATF or any other Governmental Authority may issue any such notice.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>There is no material judgment, decree, injunction, rule or order of any arbitrator or Governmental Authority outstanding
against the Company or any of its Subsidiaries.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 4.13.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>Litigation. </I>There is no action, suit, investigation or proceeding pending or, to the knowledge of the Company, threatened
against the Company, any of its Subsidiaries or any present or former officer, director or employee of the Company or any of its
Subsidiaries for whom the Company or any of its Subsidiaries may be liable before (or, in the case of threatened actions, suits,
investigations or proceedings, that would be before) or by any Governmental Authority or arbitrator that has resulted or would
reasonably be expected to result in material liability to the Company or its Subsidiaries taken as a whole. Since the Applicable
Date, there have not been, nor are there currently pending, any internal investigations conducted by the Company Board (or any
committee thereof) or at the request of the Company Board (or any committee thereof) by any Third Party, in each case concerning
any actual or alleged financial, accounting, conflict of interest, fraudulent or deceptive conduct or other misfeasance or malfeasance
issues relating to the Company, in each case except for those that, individually or in the aggregate, have not had and would not
reasonably be expected to have a Material Adverse Effect.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 4.14.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>Properties. </I></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>The
Company and its Subsidiaries do not own any real property. <U>Section 4.14(a)</U> of the Company Disclosure Letter sets forth
a true, correct and complete list of all leases, subleases or other occupancy agreements (including all amendments,
extensions, renewals and guaranties with respect thereto) (each a &ldquo;<B>Real Property Lease</B>&rdquo;) for real property
(such real property, the &ldquo;<B>Leased Real Property</B>&rdquo;) pursuant to which the Company or any of its Subsidiaries
is a tenant, subtenant or occupant as of the date of this Agreement. Except as would not have, individually or in the
aggregate, a Material Adverse Effect, each Real Property Lease is valid and binding on the Company or its Subsidiary, as
applicable, and is in full force and effect and enforceable in accordance with its terms (subject to applicable bankruptcy,
insolvency, reorganization, moratorium or other laws affecting generally the enforcement of creditors&rsquo; rights and
subject to general principles of equity).</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Except as would not have, individually or in the aggregate, a Material Adverse Effect, none of the Company, any of its Subsidiaries
nor, to the Company&rsquo;s knowledge, any of the other parties thereto, is in breach of or default under any Real Property Lease
and, to the Company&rsquo;s knowledge, no circumstances or state of facts presently exists which, with the giving of notice or
passage of time, or both, would constitute a breach or default under any Real Property Lease. The Company and its Subsidiaries
are not parties to any written or oral sublease, license, occupancy agreement or other Contract of any kind that grants to any
other Person the right to use or occupy any Leased Real Property. There is no pending, and to the knowledge of the Company, there
is no threatened condemnation, eminent domain, taking or similar proceeding affecting any Leased Real Property or any portion thereof.
The Company has made available to Parent and Merger Subsidiary prior to the date of this Agreement true and complete copies of
each Real Property Lease. No security deposit or portion thereof deposited with respect to any Real Property Lease has been applied
in respect of a breach or default under such Real Property Lease which has not been redeposited in full. Neither the Company nor
any Company Subsidiary owes, or will owe in the future, any material brokerage commissions or finder&rsquo;s fees with respect
to any Real Property Lease.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The Company and its Subsidiaries have good, valid and marketable title to, or leases and has a valid leasehold interest
in, all of the assets, properties and interests in properties (tangible or intangible) reflected as being owned or leased to the
Company or its Subsidiaries in the Company Balance Sheet or acquired after the Company Balance Sheet Date (including a valid leasehold
interest in all Leased Real Property), free and clear of all Liens, except (i) for Permitted Liens, (ii) for assets disposed of
in the ordinary course of business consistent with past practices after the Company Balance Sheet Date and (iii) as would not have,
individually or in the aggregate, a Material Adverse Effect. Except as would not have, individually or in the aggregate, a Material
Adverse Effect, such assets, properties and interests in properties (tangible and intangible) include all assets, properties and
interests in properties (tangible and intangible) necessary to enable the Company and its Subsidiaries to carry on their respective
businesses as presently conducted and the Company or a Company Subsidiary has peaceful, undisturbed possession of all the Leased
Real Property. All tangible personal property used by the Company or its Subsidiaries in the operation of their respective business
is in reasonably good condition and repair, subject to reasonable wear and tear considering the age and ordinary course of use
of such property consistent with past practice.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 4.15.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>Intellectual Property. </I></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The Company and/or its Subsidiaries have valid title and exclusive ownership interest in the Company Owned IP, free and
clear of any Liens (other than Permitted Liens). The Company and its Subsidiaries have the valid and enforceable right to use the
Company Owned IP in the operation of their business as currently conducted. The Company and its Subsidiaries also have the valid
and enforceable right to use all other Intellectual Property used or held for use by the Company and its Subsidiaries in the operation
of their businesses as currently conducted, except where such failure would not reasonably be expected to have, individually or
in the aggregate, a Material Adverse Effect on the Company.</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT> There are no legal actions, proceedings, disputes or claims pending or, to the knowledge of the Company, threatened in
writing, alleging infringement, misappropriation or any other violation of any Intellectual Property rights of any Third Party
by the Company or any of its Subsidiaries, challenging ownership by the Company or any of its Subsidiaries in and to the Company
Owned IP or alleging that any Company Registered IP is invalid or unenforceable, that would reasonably be expected to have a Material
Adverse Effect on the Company.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>None of the Company or its Subsidiaries has infringed, misappropriated or otherwise violated any Intellectual Property rights
of any Person, except for such infringements, misappropriations or violations that would not reasonably be expected to have, individually
or in the aggregate, a Material Adverse Effect on the Company.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>None of the Company or its Subsidiaries is aware that any Company Owned IP has been infringed, misappropriated or otherwise
violated by any Third Party, except for such infringements, misappropriations or violations that would not reasonably be expected
to have, individually or in the aggregate, a Material Adverse Effect on the Company.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(e)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Section 4.15(e)</U> of the Company Disclosure Letter contains a complete and correct list, as of the date of this Agreement,
of all Company Registered IP, indicating for each item, as applicable, the type of application or registration, application or
registration number, date and jurisdiction of filing or issuance and current legal owner. Except as would not reasonably be expected
to have a Material Adverse Effect on the Company, (i) to the knowledge of the Company, all issued Company Registered IP is valid
and enforceable, (ii) the Company and its Subsidiaries have paid all maintenance and renewal fees and filed all statements of use
reasonably necessary to maintain the Company Registered IP, and (iii) none of the issued Company Registered IP has been adjudged
invalid or unenforceable in whole or in part.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(f)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The Company and its Subsidiaries have taken commercially reasonable steps to protect the trade secrets in the Company Owned
IP and to protect any confidential information provided to them by any other Person under obligation of confidentiality, except,
in each case, where failures to do so would not reasonably be expected to have, individually or in the aggregate, a Material Adverse
Effect on the Company.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(g)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The Company and its Subsidiaries have obtained from all parties (including Company Employees and current or former consultants
and subcontractors) who have contributed to any, or otherwise who would have any rights in or to, any material Company Owned IP,
written and enforceable agreements assigning to the Company or one of its Subsidiaries, as applicable, all Intellectual Property
created by that Person within the scope of such Person&rsquo;s employment or consulting duties (or equivalent assignment of rights
under the law) and prohibiting such Person from using or disclosing trade secrets or confidential information of the Company or
such Subsidiary, except use for or disclosure to the Company or its Subsidiaries. To the knowledge of the Company, no Company Employee
or current or former consultant or subcontractor of the Company or its Subsidiaries is in violation in any material respect of
any such agreement.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(h)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>The
Company and its Subsidiaries lawfully own, lease or license all computer systems, software, hardware, data communication
equipment and lines, telecommunications equipment and lines, hosting locations and systems, and all other information
technology systems that are used in the operations of the businesses of the Company and its Subsidiaries (collectively, the
 &ldquo; <B>Computer Systems</B>&rdquo;) and the Computer Systems are reasonably sufficient for the businesses of the Company
and its Subsidiaries as currently conducted. The Company and its Subsidiaries use commercially reasonable efforts to (i)
maintain and protect the integrity, confidentiality, security, and operation of the Computer Systems and all information
stored or contained therein or transmitted thereby against any unauthorized use, access, interruption, modification, or
corruption, (ii) ensure that the Computer Systems are free from any material bug, virus or malware, and (iii) implement
security patches and upgrades that are generally available for the Computer Systems. The Company and its Subsidiaries have
taken commercially reasonable measures to implement and maintain information security, disaster recovery and business
continuity plans, procedures and facilities. Since the Applicable Date, to the knowledge of Company, there have been no
failures, breakdowns, breaches, outages or unavailability of the Computer Systems used by the Company or its Subsidiaries, in
each case, which has caused a material disruption in or to the Company or its Subsidiaries, the use of the Computer Systems,
or the operation of the businesses of the Company and its Subsidiaries.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Except, in each case, where failure to do so would not reasonably be expected to be material to the Company and its Subsidiaries,
(i) the Company and its Subsidiaries have complied and are presently in compliance with all internal and external Company privacy
policies, contractual obligations, Applicable Laws (including federal and state consumer protection laws and state privacy laws,
such as the California Consumer Privacy Act), Orders and industry standards applicable to the industries in which the Company and
its Subsidiaries operate, including the Payment Card Industry Data Security Standards (&ldquo;<B>Data Security Obligations</B>&rdquo;),
in each case, relating to the collection, use, transfer, import, export, storage, protection, disposal and disclosure by the Company
or any of its Subsidiaries of personal, personally identifiable, sensitive, confidential or regulated data (&ldquo;<B>Regulated
Data</B>&rdquo;); (ii) neither the Company nor any of its Subsidiaries has received any notification of or complaint regarding
non-compliance with any Data Security Obligation; (iii) the Company is not aware of any action, suit, investigation or proceeding
by or before any court or governmental agency, authority or body pending or threatened against the Company or any of its Subsidiaries
alleging non-compliance with any Data Security Obligation; (iv) the Company and its Subsidiaries have established, maintained,
implemented, and complied with, commercially reasonable information security for the Computer Systems and data protection controls,
policies and procedures, that are designed to protect against and prevent any unauthorized access, use or disclosure of any Regulated
Data used in connection with the operation of the Company&rsquo;s and its Subsidiaries&rsquo; businesses (collectively, a &ldquo;<B>Breach</B>&rdquo;);
and (v) there has not been a Breach of any Computer System or a Breach of any Regulated Data controlled by Company and its Subsidiaries.
Neither the execution and delivery of this Agreement nor the Closing will, as a result of any contractual obligation to which the
Company or any of its Subsidiaries is a party, result in a material breach or violation of, or constitute a material default under,
any Data Security Obligation.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 4.16.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>Taxes</I>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>All material Tax Returns required by Applicable Law to be filed with any Taxing Authority by the Company or any of its Subsidiaries
have been filed when due (taking into account any extension of time within which to file) in accordance with all Applicable Law,
and all such material Tax Returns were, at the time of filing, true and complete in all material respects.</P>

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


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    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->27<!-- Field: /Sequence --></FONT></P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT> The Company and each of its Subsidiaries has paid or has withheld and remitted to the appropriate Taxing Authority all
material Taxes due and payable, other than such Taxes that are being contested in good faith by appropriate proceedings.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Neither the Company nor any of its Subsidiaries has granted any extension or waiver of the statute of limitations period
applicable to any income or franchise Tax Return, which period (after giving effect to such extension or waiver) has not yet expired.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>There is no claim, audit, action, suit, proceeding or investigation now pending or, to the Company&rsquo;s knowledge, threatened
against or with respect to the Company or its Subsidiaries in respect of any Tax or Tax asset.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(e)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>No material deficiency with respect to Taxes has been assessed against the Company or any of its Subsidiaries that has not
been fully paid or adequately reserved in the Company&rsquo;s financial statements in accordance with GAAP.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(f)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The Company and its Subsidiaries have withheld all Taxes that are required to be withheld with respect to amounts paid to
its employees, agents, shareholders, contractors and other Third Parties and remitted such amounts to the proper authorities.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(g)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>There are no Liens for Taxes (other than Taxes not yet due and payable) upon any of the assets of the Company or any of
its Subsidiaries.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(h)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>During the last three (3) years, neither the Company nor any of its Subsidiaries has been a party to any transaction treated
by the parties thereto as one to which Section 355 of the Code (or any similar provision of state, local or foreign law) applied.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>None of the Company or any of its Subsidiaries (i)&nbsp;has ever been a member of an affiliated group of corporations within
the meaning of Section&nbsp;1504 of the Code (other than an affiliated group of which the Company was the common parent corporation);
and (ii)&nbsp;has any liability for Taxes of any Person under Treasury Regulations Section&nbsp;1.1502-6 (or any similar provision
of state, local or foreign Applicable Law).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(j)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Within the past three (3) years, no claim has been made by a Taxing Authority in a jurisdiction where the Company or any
of its Subsidiaries has not filed a material Tax Return that the Company or any of its Subsidiaries is or may be required to file
such material Tax Return or be subject to a material type of Tax in that jurisdiction.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(k)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>None of the Company or any of its Subsidiaries is a party to, is bound by or has any obligation under any material Tax sharing,
allocation or indemnity agreement or similar Contract or arrangement (other than any such agreement relating solely to an affiliated
group consisting of the Company and its Subsidiaries and of which the Company was the common parent corporation or any such agreement
entered into in the ordinary course of business the primary purpose of which is not the sharing of Taxes).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(l)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Neither the Company nor any of its Subsidiaries has been a United States real property holding corporation within the meaning
of Section 897(c)(2) of the Code during the applicable period described in Section 897(c)(1)(A)(ii) of the Code.</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(m)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT> Neither the Company nor any of its Subsidiaries will be required to include any material item of income in, or exclude
any material item of deduction from, taxable income for any taxable period ending after the Closing Date as a result of (i) any
change in method of accounting for a Tax period ending on or prior to the Closing Date, (ii) use of an improper method of accounting
for a taxable period ending on or prior to the Closing Date, (iii) any closing agreement described in Section 7121 of the Code
(or any similar provision of state, local or foreign Applicable Law) entered into prior to the Closing, (iv) any installment sale
or open transaction commenced prior to the Closing, or (v) any prepaid amount received or paid prior to the Closing.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(n)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Neither the Company nor any of its Subsidiaries has, or has had, a branch or permanent establishment in any country other
than the country of its organization.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(o)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Pacific Flyway Wholesale, LLC, Sportsman&rsquo;s Warehouse Development I, and Sportsman&rsquo;s Warehouse Development II
each is, and has been since formation, validly treated as a disregarded entity for U.S. federal income tax purposes.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(p)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Neither the Company nor any of its Subsidiaries has engaged in any transaction that is a &ldquo;reportable transaction&rdquo;
under Section 1.6011-4(b) of the Treasury Regulations.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 4.17.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>Employee Benefit Plans.</I></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Section 4.17</U> of the Company Disclosure Letter contains a complete and correct list, as of the date of this Agreement,
of each material Employee Plan. &ldquo;<B>Employee Plan</B>&rdquo; means each &ldquo;employee benefit plan,&rdquo; as defined in
Section 3(3) of ERISA, whether or not subject to ERISA, and each other material employment, severance or similar Contract, plan,
practice, arrangement or policy providing for compensation, bonuses, profit-sharing, stock option or other stock-related rights
or other forms of incentive or deferred compensation, vacation benefits, insurance (including any self-insured arrangements), health
or medical benefits, employee assistance program, disability or other welfare benefits, sick leave benefits, and post-employment
or retirement benefits (including compensation, pension, health, medical or life insurance benefits), which is maintained, administered
or contributed to by the Company or any of its Subsidiaries or with respect to which the Company or any of its Subsidiaries has
any liability, actual or contingent, including through any of their ERISA Affiliates, other than any plan, policy, program, arrangement
or understanding mandated by Applicable Law. The Company has delivered the following documents to Parent with respect to each material
Employee Plan: (i) correct and complete copies of all documents embodying such Employee Plan, and each trust, insurance or other
funding document, including (without limitation) all amendments thereto, (ii)&nbsp; the most recent summary plan description together
with the summary or summaries of material modifications thereto, if any, (iii) all Internal Revenue Service (&ldquo;<B>IRS</B>&rdquo;)
or Department of Labor determination, opinion, notification and advisory letters, (iv) the most recent annual report (Form Series
5500 and all schedules, financial statements and actuarial reports attached thereto), if any, and (v) all discrimination tests
for the most recent plan year.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Neither the Company nor any of its Subsidiaries or their respective ERISA Affiliates sponsors, maintains or contributes
to, or has in the past six (6) years sponsored, maintained or contributed to, and the Company and its Subsidiaries have no liability,
actual or contingent, under, any Employee Plan subject to Section 302 or Title IV of ERISA or Section 412 of the Code.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Neither the Company nor any of its Subsidiaries or their respective ERISA Affiliates contributes to, or has in the past
six (6) years contributed to, and the Company and its Subsidiaries have no liability, actual or contingent, under, any multiemployer
plan, as defined in Section 3(37) of ERISA (a &ldquo;<B>Multiemployer Plan</B>&rdquo;), or any plan that has two or more contributing
sponsors at least two of whom are not under common control within the meaning of Section 4063 of ERISA.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Each Employee Plan that is intended to be qualified under Section 401(a) of the Code has received a favorable determination
letter, or has pending or has time remaining in which to file an application for such determination from the IRS, and, to the knowledge
of the Company, no revocation of any such determination letter has been threatened by any Governmental Authority and, to the knowledge
of the Company, no circumstances have occurred that would reasonably be expected to result in disqualification of any such Employee
Plan or related trust.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(e)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Except as would not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect on the Company,
(i) each Employee Plan has been maintained in compliance with its terms and with the requirements prescribed by any and all statutes,
Orders, rules and regulations including ERISA and the Code, which are applicable to such Employee Plan, and whether as a matter
of substantive law or in order to secure any intended Tax qualification, (ii) no &ldquo;Prohibited Transaction,&rdquo; within the
meaning of Section 4975 of the Code or Sections 406 or 407 of ERISA and not otherwise exempt under Section 408 of ERISA, has occurred
with respect to any Employee Plan, and (iii) all contributions, reserves or premium payments required to have been made or accrued,
or that are due, as of the date hereof to or with respect to the Employee Plans have been timely made or accrued.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(f)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Except as expressly provided in this Agreement, the consummation of the transactions contemplated by this Agreement will
not (either alone or together with any other event, to the extent such other event standing alone would not by itself trigger such
benefit) (i) entitle any employee, director or independent contractor of the Company or any of its Subsidiaries to any payment,
forgiveness of indebtedness, vesting or distribution, (ii) accelerate the time of payment or vesting or trigger any payment or
funding (through a grantor trust or otherwise) of compensation or benefits under, or increase the amount payable under or trigger
any other material obligation pursuant to, any Employee Plan, or (iii) result in any payment (whether in cash or property or the
vesting of property), to any &ldquo;disqualified individual&rdquo; (as such term is defined in Section 280G of the Code and the
regulations thereunder) that could reasonably be expected to, individually or in combination with any other such payment, be characterized
as an &ldquo;excess parachute payment&rdquo; (as defined in Section 280G(b)(1) of the Code).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(g)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Neither
the Company nor any of its Subsidiaries has any liability in respect of post-retirement health, medical or life insurance or
other welfare benefits for retired, former or current employees of the Company or its Subsidiaries except (i) benefits in the
nature of severance pay with respect to one or more of the Employee Plans identified on <U>Section 4.17</U> of the Company
Disclosure Letter, or (ii) coverage or benefits as required under Section 4980B of the Code or any other Applicable Law.
Except as would not reasonably be expected to result, individually or in the aggregate, in a material liability to the
Company or any of its Subsidiaries, the Company and its Subsidiaries and ERISA Affiliates have complied with the requirements
of Section 4980B of the Code and Part 6 of Subtitle B of Title I of ERISA.</P>

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

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

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

<!-- Field: Split-Segment; Name: a5 --><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(h)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Except
as would not reasonably be expected to result, individually or in the aggregate, in a material liability to the Company or its
Subsidiaries, each Employee Plan that is a &ldquo;nonqualified deferred compensation plan&rdquo; (as defined in Section 409A(d)(1)
of the Code) that is subject to Section 409A of the Code has been maintained and operated in good faith compliance with Section
409A of the Code.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Except
as would not reasonably be expected to result, individually or in the aggregate, in a material liability to the Company or its
Subsidiaries, the Company and its Subsidiaries and each Employee Plan that is a &ldquo;group health plan&rdquo; as defined in Section
733(a)(1) of ERISA is and has been in compliance with the Patient Protection and Affordable Care Act of 2010, as amended, and the
regulations and other applicable regulatory guidance issued thereunder. Except as would not reasonably be expected to result, individually
or in the aggregate, in a material liability to the Company or any of its Subsidiaries, no event has occurred, and no condition
exists, that would reasonably be expected to subject the Company or any of its Subsidiaries to any liability under Code Section
4980D, or 4980H or 4980I.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(j)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>There
is no action, suit, investigation, audit or proceeding pending against or, to the knowledge of the Company, threatened against,
any Employee Plan before any Governmental Authority, other than routine claims for benefits, that would reasonably be expected
to result in any material liability to the Company or any of its Subsidiaries.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 4.18.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><I>Labor
and Employment Matters</I>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Neither
the Company nor any of its Subsidiaries is a party to or bound by any collective bargaining agreement or other agreement with a
labor union or organization. Except as would not reasonably be expected to have, individually or in the aggregate, a Material Adverse
Effect on the Company, there is no, and has not been since the Applicable Date any unfair labor practice, charge or complaint,
labor dispute or labor arbitration proceeding pending or, to the knowledge of the Company, threatened against the Company or any
of its Subsidiaries. There is no, and since the Applicable Date, there has not been any (i) activity or proceeding by a labor union
or Representative thereof to the knowledge of the Company to organize any employees of the Company or any of its Subsidiaries or
(ii) lockouts, strikes, slowdowns, work stoppages or threats thereof by or with respect to such employees.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>The
Company is, and since the Applicable Date has been, in material compliance with all Applicable Laws respecting employment, including
those applicable to discrimination in employment, terms and conditions of employment, worker classification (including the proper
classification of workers as independent contractors and consultants), wages, hours and occupational safety and health and employment
practices, including the Immigration Reform and Control Act and the Worker Adjustment and Retraining Notification Act of 1988.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Except
as would not have, individually or in the aggregate, a Material Adverse Effect, there are no labor- or employment-related claims,
disputes, grievances, controversies,agency charges, administrative proceedings, formal discrimination complaints, audits, or to
the knowledge of the Company, investigations pending or, to the Company&rsquo;s knowledge, threatened against the Company or any
of its Subsidiaries.</P>

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

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>To
the knowledge of the Company, no officer, executive or other key employee of the Company or any of its Subsidiaries has any present
intention to terminate or materially alter or modify the nature of his or her employment with the Company or such Subsidiary within
the first twelve (12) months following the Effective Time.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 4.19.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><I>Insurance</I>.
Except as would not, individually or in the aggregate, have a Material Adverse Effect on the Company, (i) the Company and its Subsidiaries
maintain insurance in such amounts and against such risks as is sufficient to comply with Applicable Law and as are customary in
all material respects for companies of similar size in the same or similar lines of business, (ii) all insurance policies of the
Company and its Subsidiaries are in full force and effect and all premiums due and payable thereon have been paid, (iii) neither
the Company nor any of its Subsidiaries is in breach of, or default under, any such insurance policy or has taken any action or
failed to take any action which, with notice or lapse or time or both, would constitute a breach or default of any such insurance
policy, (iv) no written notice of cancelation or termination has been received with respect to any such insurance policy, other
than in connection with ordinary renewals, and neither the Company nor any of its Subsidiaries has taken any action or failed to
take any action which, with notice or lapse or time or both, would permit termination of any such insurance policy, and (v) no
claim for coverage pending under any such policies has been denied by an insurer. The Company has made available to Parent true
and complete copies of all material insurance policies held or maintained by the Company and its Subsidiaries as of the date hereof
relating to the business, assets and operations of the Company and its Subsidiaries.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 4.20.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><I>Environmental
Matters. </I> Except as would not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect on
the Company:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>(i)
No action, claim, suit or proceeding is pending or, to the knowledge of the Company, threatened by any Governmental Authority or
other Person, in each case that alleges that the Company or any of its Subsidiaries has violated or has any liability under any
Environmental Law, (ii) there is no judgment, decree, injunction or order of any Governmental Authority issued under any Environmental
Law outstanding against the Company or any of its Subsidiaries and (iii) neither the Company nor any of its Subsidiaries have received
any written notice, demand, potentially responsible party or other letter, claim or request for information that would reasonably
be expected to result in any liability to the Company or any of its Subsidiaries under any Environmental Law;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>since
December 31, 2015, the Company and its Subsidiaries have been in compliance with all Environmental Laws and have obtained and have
been in compliance with all Environmental Permits;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>to
the knowledge of the Company, there has been no Release or threatened Release of any Hazardous Substance that has resulted in any
liability or obligation to conduct any removal, remedial or corrective action of the Company or any of its Subsidiaries under or
pursuant to any Environmental Law; and</P>

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

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>neither
the Company nor its Subsidiaries have undertaken or assumed any liability of any Third Party under any Environmental Law by Contract
or, to the Company&rsquo;s knowledge, by operation of Applicable Law.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">The parties agree and
acknowledge that this <U>Section 4.20</U> shall be the Company&rsquo;s sole and exclusive representations and warranties regarding
environmental matters, Environmental Laws and Hazardous Substances.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 4.21.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>Material Contracts. </I></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Except
for (x) this Agreement, (y) any Employee Plans and (z) the Contracts filed as exhibits to the Company SEC Documents after the Applicable
Date but at least one (1) day prior to the date hereof, <U>Section 4.21</U> of the Company Disclosure Letter contains a true, complete
and correct list, as of the date of this Agreement, of each Contract described below in this <U>Section 4.21 </U>under which the
Company or any of its Subsidiaries is a party and bound by, in each case as of the date of this Agreement (together with Contracts
filed as exhibits to the Company SEC Documents after the Applicable Date but at least one (1) day prior to the date hereof, each,
a &ldquo;<B>Material Contract</B>&rdquo;):</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>any
Contract that (A) contains a provision that materially limits, curtails or restricts, the ability of the Company or any of its
Subsidiaries to (1) compete or conduct activities in any geographic area or line of business with any Person or (2) hire or solicit
any Person, other than pursuant to nondisclosure and confidentiality agreements entered into in the ordinary course of business
consistent with past practice, (B) includes any &ldquo;most favored nation&rdquo;, exclusive marketing, right of first refusal,
first offer or first negotiation or other material exclusive rights of any type or scope, in each case, that is granted by the
Company to a Third Party, (C) contains &ldquo;take or pay&rdquo;, &ldquo;requirements&rdquo; or other similar provisions obligating
the Company or any of its Subsidiaries to provide the quantity of goods or services required by another Person, or (D) that otherwise
materially restricts the Company or any of its Subsidiaries;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(ii)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>any
Contract providing for (A) the acquisition or divestiture of a business or material assets of the Company or its Subsidiaries (including
equity interests and whether by merger, sale of stock, sale of assets or otherwise) or (B) any exclusive licensing agreement that
contains representations, covenants, indemnities or other obligations (including &ldquo;earnout&rdquo; or other contingent payment
obligations), in each case, that would reasonably be expected to result in the receipt or making of future payments in excess of
$2,500,000;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(iii)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>any
Contract (excluding licenses for off-the-shelf computer software or software-as-a-service that are generally available to the Company
or its Subsidiaries on commercial terms) under which the Company or any of its Subsidiaries is granted any license, option or other
right (including a covenant not to be sued or right to enforce or prosecute any patents) with respect to any Intellectual Property
of a Third Party, or under which any Third Party is granted any license, option or other right (including a covenant not to be
sued or right to enforce or prosecute any patents) with respect to any material Intellectual Property of the Company or any of
its Subsidiaries, other than non-exclusive licenses granted in the ordinary course of business that are not material to the Company
and its Subsidiaries, taken as a whole;</P>

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

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(iv)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>any
Contract providing for contribution or any guaranty in an amount that is material to the Company and its Subsidiaries, taken as
a whole;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(v)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>any
material Contract with a Major Supplier;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(vi)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>any
Contract with any Governmental Authority that is material to the conduct of the business of the Company and its Subsidiaries, taken
as a whole;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(vii)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>each
Contract entered into in connection with the settlement or other resolution of any action or proceeding (A) under which the Company
or any of its Subsidiaries have any continuing obligations, liabilities or restrictions that are material to the Company and its
Subsidiaries, taken as a whole, or (B) that involved or would reasonably be expected to involve payment by the Company or any of
its Subsidiaries of more than $2,500,000 on or after February 2, 2020;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(viii)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;</FONT>each
Contract under which the Company or any of its Subsidiaries has, directly or indirectly, made any loan, capital contribution to,
or other investment in, any Person (except for the Company or any of its Subsidiaries), other than (A) extensions of credit in
the ordinary course of business consistent with past practice and (B) investments in marketable securities in the ordinary course
of business consistent with past practice;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(ix)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>each
Contract (other than Real Property Leases) not otherwise described in any other subsection of this <U>Section 4.21(a)</U> pursuant
to which the Company or any of its Subsidiaries is obligated to pay, or entitled to receive, payments (A) in excess of $1,000,000
in the twelve (12) month period following the date of this Agreement or (B) in excess of $5,000,000 in the aggregate under such
Contract after the date of this Agreement, in each case, which cannot be terminated by the Company or such Subsidiary of the Company
on less than sixty (60) days&rsquo; notice without material payment or penalty;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(x)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>any
joint venture, joint development, or legal partnership, or any strategic alliance, joint development or partnership agreement that
is material to the Company and its Subsidiaries, taken as a whole;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(xi)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>each
Contract with a temporary employee staffing agency, employee leasing agency, or professional employer organization;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(xii)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>each
Contract relating to the creation, incurrence, assumption or guarantee of outstanding indebtedness of the Company or the Subsidiaries
of the Company for borrowed money (whether incurred, assumed, guaranteed or secured by any asset) or creating any Lien (other than
Permitted Liens) on any material assets of the Company or its Subsidiaries;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(xiii)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>any
Contract with an Affiliate that would be required to be disclosed by Item 404(a) of Regulation S-K promulgated under the 1934 Act;
and</P>

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(xiv)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&nbsp;any
Contract that requires the Company or any Subsidiary of the Company to make any capital commitment or capital expenditure in excess
of $2,500,000 during any twelve (12) month period following the date hereof or in excess of $5,000,000 in the aggregate under such
Contract, other than as expressly set forth in the capital expenditure budget set forth in <U>Section 6.01(d)</U> of the Company
Disclosure Letter.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Except as would not have, individually or in the aggregate, a Material Adverse Effect, each Material Contract is in full
force and effect and is a legal, valid and binding agreement of the Company or its Subsidiary, as the case may be, and, to the
knowledge of the Company, of each other party thereto, enforceable against the Company or such Subsidiary, as the case may be,
and, to the knowledge of the Company, against the other party or parties thereto, in each case, in accordance with its terms except
as such enforceability may be limited by bankruptcy, insolvency, moratorium and other similar Applicable Law affecting creditors&rsquo;
rights generally and by general principles of equity. Except as would not have, individually or in the aggregate, a Material Adverse
Effect, none of the Company, any of its Subsidiaries or, to the knowledge of the Company, any other party thereto is in default
or breach under the terms of any Material Contract and, to the knowledge of the Company, no event or condition or circumstance
has occurred that, with or without notice or lapse of time or both, would constitute any event of default thereunder.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Copies
of each Material Contract have been filed with the SEC or made available by the Company to Parent. All Contracts, including amendments
thereto, required to be filed as an exhibit to any report of the Company filed pursuant to the 1934 Act of the type described in
Item 601(b)(10) of Regulation S-K promulgated by the SEC have been so filed.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 4.22.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><I>Major
Suppliers</I>. <U>Section 4.22</U> of the Company Disclosure Letter lists the ten (10) largest suppliers of the Company and its
Subsidiaries (determined on the basis of aggregate purchases made by the Company and its Subsidiaries over the four consecutive
fiscal quarter period ended February 1, 2020) (each, a &ldquo;<B>Major Supplier</B>&rdquo;). Except as would not reasonably be
expected to have a Material Adverse Effect on the Company, the Company has not received, as of the date of this Agreement, any
notice in writing from any Major Supplier that it intends to terminate, amend or modify in a manner adverse to the Company, or
not renew, its agreement or arrangement with the Company or its Subsidiaries.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 4.23.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><I>Compliance
with the U.S. Foreign Corrupt Practices Act and Other Applicable Anti-Corruption Laws</I>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Since
December 1, 2015, the Company and its Subsidiaries, and to the Company&rsquo;s knowledge, all Person&rsquo;s acting on behalf of
the Company or any of its Subsidiaries, have materially complied with the U.S. Foreign Corrupt Practices Act of 1977 (the &ldquo;<B>FCPA</B>&rdquo;)
and other anti-corruption laws applicable to the Company or its Subsidiaries (collectively, &ldquo;<B>Anti-corruption Laws</B>&rdquo;).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Since
December 1, 2015, neither the Company nor any of its Subsidiaries, nor, to the knowledge of the Company, any Person acting on behalf
of the Company or any of its Subsidiaries, has offered, given, promised, or authorized the giving of anything of value, directly
or indirectly, to or from any Person, including any Public Official, for the purposes of (i) improperly influencing any action
or decision of a Person in his or her official capacity, (ii) inducing a Public Official to do or omit to do any act in violation
of the lawful duty of such official, (iii) securing any improper advantage, or (iv) improperly inducing a Person to use his or
her influence with any Governmental Authority to affect or influence any act or decision of such Governmental Authority to assist
the Company or any Subsidiary in obtaining or retaining business or any business advantage for or with, or directing business to,
any Person, in any such case where such action would violate in any material respect any Anti-corruption Laws.</P>

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

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>To
the Company&rsquo;s knowledge, since December 1, 2015, there have been no material violations, internal investigations, enforcement
actions, penalties or threats of penalty, whistleblower reports, governmental investigations, internal or external audits, voluntary
disclosures to a Governmental Authority, or pending litigation related to Anti-corruption Laws, involving the Company or any of
its Subsidiaries.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&nbsp;The
Company and its Subsidiaries have instituted an anti-corruption compliance program designed to achieve compliance with Anti-corruption
Laws.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(e)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Since
December 1, 2015, the Company and its Subsidiaries have maintained accurate and reasonably detailed books and records and maintained
adequate internal controls as required under the accounting provisions of the FCPA.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 4.24.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><I>Finders&rsquo;
Fees. </I>Except for Robert W. Baird &amp; Co. Incorporated, there is no investment banker, broker, finder or other intermediary
that has been retained by or is authorized to act on behalf of the Company or any of its Subsidiaries who is entitled to any fee
or commission from the Company or any of its Affiliates in connection with the transactions contemplated by this Agreement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 4.25.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><I>Opinion
of Financial Advisor. </I>The Company Board has received the opinion of Robert W. Baird &amp; Co. Incorporated, financial advisor
to the Company, to the effect that, as of the date of this Agreement, the Merger Consideration to be received by the holders of
shares of Company Stock (other than Parent and its Affiliates) in the Merger is fair, from a financial point of view, to such holders,
and such opinion has not been modified, amended, qualified, revoked or rescinded in any respect. A signed copy of such opinion
will be made available to Parent for information purposes only promptly following the date of this Agreement. The Company has been
authorized by Robert W. Baird &amp; Co. Incorporated to include its written opinion in its entirety in the Proxy Statement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 4.26.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><I>Antitakeover
Statutes. </I>Subject to the accuracy of <U>Section 5.09</U>, on or prior to the date of this Agreement, the Company Board has
taken all necessary actions so that the restrictions on business combinations set forth in Section 203 of Delaware Law and any
other similar Applicable Law are not applicable to this Agreement, the Merger or the transactions contemplated hereby. No other
state takeover statute, &ldquo;control share acquisition,&rdquo; &ldquo;fair price,&rdquo; &ldquo;moratorium,&rdquo; &ldquo;business
combination&rdquo; or similar statute or regulation applies to or purports to apply to this Agreement, the Merger or the other
transactions contemplated hereby.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 4.27.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><I>Trade
Laws</I>. Except as would not have, individually or in the aggregate, a Material Adverse Effect on the Company: (a) the Company
is, and at all times since the Applicable Date has been, in compliance with all applicable Trade Laws, (b) there are no material
pending or,to the knowledge of the Company, threatened unresolved claims concerning any liability of the Company with respect to
any false statement or omission made by the Company in violation of any applicable Trade Laws or any applicable export licenses,
(c) none of the Company or any Company Subsidiary or, to the knowledge of the Company, any of their directors, officers, or employees
is a Sanctioned Person, and (d) neither the Company nor any Company Subsidiary, nor to the knowledge of the Company, any of their
directors, officers, employees or any Person acting on their behalf has engaged in transactions or dealings, directly or indirectly,
with any Sanctioned Person or in any Sanctioned Country that at the time of the transaction or dealing was unlawful.</P>

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

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

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<P STYLE="font: small-caps 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><FONT STYLE="font-variant: normal; text-transform: uppercase">Article
5</FONT><BR>
<FONT STYLE="font-variant: normal"><U>Representations and Warranties of Parent and Merger Subsidiary</U></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Parent and Merger Subsidiary
jointly and severally represent and warrant to the Company that:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 5.01.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><I>Corporate
Existence and Power. </I></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Parent
is a limited liability company duly organized, validly existing and in good standing under the laws of the State of Delaware. Merger
Subsidiary is a corporation duly incorporated, validly existing and in good standing under the laws of the State of Delaware. Each
of Parent and Merger Subsidiary has all corporate or other powers and all Permits required to own, lease and operate its properties
and assets and to carry on its business as currently conducted, except where the failure to have such power or Permits would not
reasonably be expected to have, individually or in the aggregate, a Parent Material Adverse Effect. Since the date of its incorporation,
Merger Subsidiary has not engaged in any activities other than in connection with or as contemplated by this Agreement. Parent
owns beneficially and of record all of the outstanding capital stock of Merger Subsidiary.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Parent
has heretofore made available to the Company true, complete and correct copies of the certificates of incorporation and bylaws
of Merger Subsidiary as currently in effect. Neither Parent nor Merger Subsidiary is in violation of any of the provisions of their
respective certificates of incorporation, bylaws, limited liability company agreements or other organizational documents.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 5.02.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><I>Corporate
Authorization. </I>The execution, delivery and performance by Parent and Merger Subsidiary of this Agreement, and the Transaction
Documents to be delivered pursuant hereto, and the consummation by Parent and Merger Subsidiary of the transactions contemplated
hereby are within the corporate powers of Parent and Merger Subsidiary and have been duly authorized by all necessary corporate
action. Parent, as sole stockholder of Merger Subsidiary, has delivered an action by written consent (which shall become effective
immediately after the execution and delivery of this Agreement in accordance with Section 228(c) of Delaware Law) adopting and
approving this Agreement and no other corporate proceedings on the part of Parent or Merger Subsidiary are necessary to authorize
this Agreement or to consummate the Merger and the other transactions contemplated by this Agreement. This Agreement has been duly
executed and delivered by Parent and Merger Subsidiary and, assuming due authorization, execution and delivery by the Company,
this Agreement constitutes a valid and binding agreement of each of Parent and Merger Subsidiary, enforceable against each of Parent
and Merger Subsidiary in accordance with its terms (subject to applicable bankruptcy, insolvency, fraudulent transfer, reorganization,
moratorium and other laws affecting creditors&rsquo; rights generally and general principles of equity).</P>

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

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 5.03.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><I>Governmental
Authorization. </I>Neither the execution, delivery or performance by Parent and Merger Subsidiary of this Agreement or the Transaction
Documents to be delivered pursuant hereto by Parent or Merger Subsidiary at the Closing nor the consummation by Parent and Merger
Subsidiary of the transactions contemplated hereby require any action by or in respect of, or filing with, any Governmental Authority,
other than (a) the filing of Certificate of Merger with respect to the Merger with the Secretary of State of the State of Delaware
and appropriate documents with the relevant authorities of other states in which Parent is qualified to do business, (b) compliance
with any applicable requirements of the HSR Act and Foreign Antitrust Laws, (c) compliance with any applicable requirements of
the 1933 Act, the 1934 Act and any other state or federal securities laws, (d) compliance with any applicable rules of Nasdaq,
and (e) any actions or filings the absence of which would not reasonably be expected to have, individually or in the aggregate,
a Parent Material Adverse Effect.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 5.04.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><I>Non-contravention.
</I>Neither the execution, delivery and performance by Parent and Merger Subsidiary of this Agreement, or the Transaction Documents
to be delivered pursuant hereto by Parent or Merger Subsidiary at the Closing, as applicable, nor the consummation by Parent and
Merger Subsidiary of the transactions contemplated hereby, including the Merger, do or will (a) contravene, conflict with, or result
in any violation or breach of any provision of the certificates of incorporation or bylaws of Parent or Merger Subsidiary, (b)
assuming compliance with the matters referred to in <U>Section 5.03</U>, contravene, conflict with or result in a violation or
breach of any provision of any Applicable Law, (c) assuming compliance with the matters referred to in <U>Section 5.03</U>, require
any consent or other action by any Person under, constitute a default, or an event that, with or without notice or lapse of time
or both, would constitute a default, under, or cause or permit the termination, cancellation, acceleration or other change of any
right or obligation or the loss of any benefit to which Parent or any of its Subsidiaries is entitled under any provision of any
agreement or other instrument binding upon Parent or any of its Subsidiaries or any license, franchise, Permit, certificate, approval
or other similar authorization by which any asset of Parent or any of its Subsidiaries is bound or (d) result in the creation or
imposition of any Lien (other than Permitted Liens) on any asset of Parent or any of its Subsidiaries, except, in the case of each
of clauses (b) through (d), as would not reasonably be expected to have, individually or in the aggregate, a Parent Material Adverse
Effect.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 5.05.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><I>Disclosure
Documents. </I>The information supplied by Parent or Merger Subsidiary for inclusion in the Proxy Statement shall not, on the date
the Proxy Statement, and any amendments or supplements thereto, is first filed with the SEC or first mailed to the stockholders
of the Company or at the time of the Company Stockholder Approval, contain any untrue statement of a material fact or omit to state
any material fact necessary in order to make the statements therein, in light of the circumstances under which they were made,
not misleading. The representations and warranties contained in this <U>Section 5.05</U> shall not apply to statements or omissions
included or incorporated by reference in the Proxy Statement based upon information supplied by the Company or any of its Representatives
specifically for use or incorporation by reference therein.</P>

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

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 5.06.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Financing.
Parent has, and as of the Effective Time shall have and shall have at all times between the date of this Agreement and the Effective
Time, sufficient funds immediately available to fully fund all of Parent&rsquo;s and Merger Subsidiary&rsquo;s obligations under
this Agreement, including payment of the aggregate Merger Consideration and payment of all fees and expenses related to the transactions
contemplated by this Agreement, and such obligations are not and will not be subject to the receipt by Parent of any financing
or the consummation of any other transaction.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 5.07.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><I>Certain
Arrangements</I>. There are no Contracts or commitments to enter into Contracts (a) between Parent, Merger Subsidiary or any of
their Affiliates, on the one hand, and any director or officer of the Company or any of its Subsidiaries, on the other hand, or
(b) pursuant to which any stockholder of the Company would be entitled to receive consideration of a different amount or nature
than the Merger Consideration or pursuant to which any stockholder of the Company agrees to vote or approve this Agreement or the
Merger or agrees to vote against any Superior Proposal.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 5.08.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><I>Litigation</I>.
There are no actions pending or, to the knowledge of Parent and Merger Subsidiary, threatened against Parent, Merger Subsidiary
or any of their respective Affiliates, other than any such action that would not, individually or in the aggregate, reasonably
be expected to prevent or materially delay the consummation of Merger by Parent or Merger Subsidiary, and neither Parent nor Merger
Subsidiary nor any of its Affiliates is a party to or subject to the provisions of any order which would reasonably be expected
to prevent or materially delay the consummation of Merger by Parent or Merger Subsidiary.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 5.09.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;</FONT><I>Ownership
of Company Securities</I>. Parent and its Affiliates do not &ldquo;beneficially own&rdquo; (within the meaning of Regulation 13D
promulgated under the 1934 Act) and do not &ldquo;own&rdquo;, and have not &ldquo;owned&rdquo; (each, as defined in Section 203
of Delaware Law) at any times during the past three (3) years, any shares of Company Stock, Company Securities or other securities
of the Company or any options, warrants or other rights to acquire Company Stock, Company Securities or other securities of, or
any other economic interest (through derivative securities or otherwise) in, the Company.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 5.10.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><I>No
Vote of Parent Stockholders</I>. No vote of the stockholders of Parent or the holders of any other securities of Parent (equity
or otherwise) is required by any Applicable Law, the certificate of incorporation or bylaws or other equivalent organizational
documents of Parent or the applicable rules of any exchange on which securities of Parent are traded, in order for Parent to consummate
the transactions contemplated hereby. For purposes of this <U>Section 5.10</U>, &ldquo;Parent&rdquo; also includes the equity holders
of Parent.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 5.11.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><I>Finders&rsquo;
Fees</I>. Except for J.P. Morgan Securities LLC, there is no investment banker, broker, finder or other intermediary that has been
retained by or is authorized to act on behalf of Parent, Merger Subsidiary or any of their respective Subsidiaries who is entitled
to any fee or commission from Parent, Merger Subsidiary or any of their respective Affiliates in connection with the transactions
contemplated by this Agreement.</P>

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

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

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="font: small-caps 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><FONT STYLE="font-variant: normal; text-transform: uppercase">Article
6</FONT><BR>
<FONT STYLE="font-variant: normal"><U>Covenants of the Company</U></FONT></P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 6.01.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><I>Conduct
of the Company.</I> Except for matters set forth in <U>Section 6.01</U> of the Company Disclosure Letter, for any actions taken
to ensure compliance by the Company and its Subsidiaries and their respective directors, officers, employees, consultants and customers
with any COVID-19 Measures, as permitted by this Agreement, as required by Applicable Law or with the prior written consent of
Parent (which consent shall not be unreasonably withheld, conditioned or delayed), from and after the date of this Agreement until
the Effective Time (or the earlier valid termination of this Agreement in accordance with <U>Article 10</U> hereof), the Company
shall, and shall cause each of its Subsidiaries to, conduct its business in the ordinary course of business consistent with past
practice and use its reasonable best efforts to (x) preserve intact its present business organization, (y) keep available the services
of its directors, officers and key employees and (z) preserve the goodwill of and relationships with its customers, lenders, suppliers
and others having material business relationships with it. Without limiting the generality of the foregoing, except for matters
set forth in <U>Section 6.01</U> of the Company Disclosure Letter, actions taken to ensure compliance by the Company and its Subsidiaries
and their respective directors, officers, employees, consultants and customers with any COVID-19 Measures, required by Applicable
Law or with the prior written consent of Parent (which consent shall not be unreasonably withheld, conditioned or delayed), from
and after the date of this Agreement until the Effective Time (or the earlier valid termination of this Agreement in accordance
with <U>Article 10</U> hereof), the Company shall not, nor shall it permit any of its Subsidiaries to:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>(i) amend, modify or rescind the certificate of incorporation or bylaws of the Company or (ii) amend in any manner adverse
to Parent or Merger Subsidiary, the comparable organizational documents of any Subsidiary of the Company;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>(i) split, combine or reclassify any shares of its capital stock, (ii) declare, set aside or pay any dividends on, or make
any other distributions (whether in cash, stock, property or otherwise) in respect of, or enter into any agreement with respect
to the voting of, any capital stock of the Company or any of its Subsidiaries, other than dividends and distributions by a direct
or indirect wholly owned Subsidiary of the Company to its parent or (iii) redeem, repurchase or otherwise acquire or offer to redeem,
repurchase or otherwise acquire any Company Securities or any Company Subsidiary Securities, other than (A) the withholding of
shares of Company Stock to satisfy Tax obligations with respect to awards granted pursuant to the Company Stock Plans, and (B)
as required by any Employee Plan as in effect on the date of this Agreement;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>(i) issue, deliver, sell, grant, pledge, transfer, subject to any Lien (other than Permitted Liens) or otherwise encumber
or dispose of any Company Securities or Company Subsidiary Securities, other than the issuance of (A) any shares of Company Stock
upon the settlement of Company RSUs that are outstanding on the date of this Agreement in accordance with their terms on the date
of this Agreement, (B) the issuance of shares of Company Stock as required by the ESPP and (C) any Company Subsidiary Securities
to the Company or any other Subsidiary of the Company or (ii) amend any term of any Company Security or any Company Subsidiary
Security;</P>

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

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT> incur any capital expenditures or any obligations or liabilities in respect thereof, except for (i) those contemplated
by the capital expenditure budget as set forth in <U>Section 6.01(d)</U> of the Company Disclosure Letter and (ii) any unbudgeted
capital expenditures not to exceed $2,500,000 individually or $5,000,000 in the aggregate;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(e)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>merge or consolidate the Company or any of its Subsidiaries with any Person or adopt a plan or agreement of, or resolutions
providing for or authorizing, complete or partial liquidation, dissolution, restructuring, recapitalization or other reorganization,
each with respect to the Company or any of its Subsidiaries (other than the dissolution of any inactive Subsidiary of the Company
and reorganizations solely among Subsidiaries of the Company);</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(f)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>acquire or offer to acquire (by merger, consolidation, acquisition of stock or assets or otherwise), directly or indirectly,
any properties, interests or businesses, or any assets or securities in connection with the acquisition of properties, interests
or businesses, other than (i) acquisitions for consideration that is individually not in excess of $2,500,000, or in the aggregate
not in excess of $5,000,000, (ii) pursuant to the existing Contracts set forth on <U>Section 6.01(f)</U> of the Company Disclosure
Letter or (iii) acquisitions of Third Party products and services, inventory or equipment in the ordinary course of business consistent
with past practice;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(g)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>sell, lease or otherwise transfer, or create or incur any Lien (other than Permitted Liens) on, any of the Company&rsquo;s
or its Subsidiaries&rsquo; assets, securities, properties, interests or businesses, other than sales, leases, dispositions or transfers
for consideration that is individually not in excess of $2,500,000, or in the aggregate not in excess of $5,000,000, other than
(i) pursuant to existing Contracts or commitments or (ii) sales of Company products and services, inventory or used equipment in
the ordinary course of business consistent with past practice;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(h)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>grant any license under any of Company Owned IP, other than non-exclusive licenses granted to a customer or supplier in
the ordinary course of business consistent with past practice;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>make any loans, advances or capital contributions to, or investments in, any other Person in excess of $2,500,000 in the
aggregate (other than (i) to the Company or any of its Subsidiaries in the ordinary course of business consistent with past practice
or (ii) accounts receivable and extensions of credit and advances of expenses to employees, in each case, in the ordinary course
of business consistent with past practice);</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(j)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>except in the ordinary course of business consistent with past practice, (i) enter into any Contract that would, if entered
into prior to the date of this Agreement, be a Material Contract or Real Property Lease, (ii) materially modify, materially amend
or terminate any Real Property Lease or Material Contract or (iii) waive, release, terminate, amend, renew or assign any material
rights or claims of the Company or any of its Subsidiaries under any Real Property Lease or Material Contract;</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(k)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>except
(v) as required by the terms of any Employee Plan as in effect on the date of this Agreement, (w) in the ordinary course of
business consistent with past practice, (x) disclosed on <U>Section 6.01(k)</U> of the Company Disclosure Letter, or (y) as
would not be material to the Company: (i) hire any new officer to whom a written offer of employment has not previously been
made and accepted prior to the date of this Agreement, (ii) grant to any current or former director or officer of the Company
or any of its Subsidiaries any increase (or to any current or former employee of the Company or any of its Subsidiaries any
special or extraordinary increase other than ordinary course annual increases that are consistent with past practice) in
compensation, bonus or benefits in addition to those pursuant to arrangements in effect on the date of this Agreement, (iii)
make any current or former officer, director or employee of the Company a participant in or party to any employee retention,
change of control or severance plan or grant any material increase in any employee retention, change of control or severance
compensation or (iv) establish, adopt, enter into or materially amend any Employee Plan (other than entering into offer
letters that contemplate &ldquo;at will&rdquo; employment, where permitted by Applicable Law, or employment agreements
consistent with the Company&rsquo;s past practices in the applicable jurisdiction) or collective bargaining agreement; <U>provided</U>, <U>however</U>,
that the foregoing shall not restrict the Company or any of its Subsidiaries from entering into or making available to newly
hired employees, or to employees in the context of promotions based on job performance or to fill a vacant position, Employee
Plans and benefits and compensation practices and arrangements (excluding equity grants) that have a value that is consistent
with those previously provided to similarly situated employees or newly hired employees;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(l)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>(i) institute, pay, discharge, compromise, settle or satisfy (or agree to do any of the preceding with respect to) any claims,
liabilities or obligations (whether absolute, accrued, asserted or unasserted, contingent or otherwise), in excess of $2,500,000
in any individual case or $5,000,000 in the aggregate, other than as required by their terms as in effect on the date of this Agreement
and other than such claims, liabilities or obligations reserved against on the Company Balance Sheet (for amounts not in excess
of such reserves); <U>provided</U>, that the payment, discharge, settlement or satisfaction of such claim, liability or obligation
does not include any material obligations (other than the payment of money) to be performed by the Company or any of its Subsidiaries
following the Closing, or (ii) waive, relinquish, release, grant, transfer or assign any right with a value of more than $2,500,000
in any individual case or $5,000,000 in the aggregate;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(m)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>make any material change in any financial accounting principles, methods or practices (including any Tax accounting policies
or procedures) or any of its methods of reporting income, deductions or other material items for financial or Tax accounting purposes,
in each case except for any such change required by GAAP or Applicable Law, including Regulation S-X under the 1934 Act;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(n)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>voluntarily terminate, cancel, amend or modify any material insurance coverage policy maintained by the Company or any of
its Subsidiaries that is not concurrently replaced by a comparable amount of insurance coverage, other than renewals in the ordinary
course of business consistent with past practice;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(o)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>other than in the ordinary course of business consistent with past practice, make, change or revoke any material Tax election,
change any annual Tax accounting period, adopt or change any method of material Tax accounting, amend or refile any material Tax
Return, enter into any closing agreement, settle or compromise any Tax claim or assessment or consent to any extension or waiver
of the statutory period of limitations applicable to any claim or assessment in respect of Taxes;</P>

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(p)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT> incur, create, redeem, repurchase, prepay, defease or cancel any debt or issue any debt securities, or assume or guarantee
the obligations of any Person (other than a wholly owned Company Subsidiary) for borrowed money, except for borrowings and repayments
under the Company&rsquo;s revolving line of credit facility in effect as of the date of this Agreement to fund acquisitions of
inventory and other working capital purposes (including successive repayments and reborrowings); <U>provided</U>, that the Company
shall, at all times between the date hereof and the Effective Time, maintain Minimum Liquidity of at least $50,000,000&#894;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(q)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>engage in any transaction with, or enter into any agreement, arrangement or understanding with any Affiliate of the Company
or other person covered by Item 404 of Regulation S-K promulgated under the 1934 Act&#894; or</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(r)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>agree, authorize or commit to do any of the foregoing.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">In the event the Company
or any of its Subsidiaries intends to rely upon the exception for actions taken to ensure compliance by the Company and its Subsidiaries
and their respective directors, officers, employees, consultants and customers with any COVID-19 Measures, the Company shall use
its reasonable best efforts (taking into account any reasonable timing constraints) to discuss with and shall consider in good
faith the views of Parent with respect to such actions taken to ensure compliance with such COVID-19 Measures.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section
6.02.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I>Company
Stockholder Meeting. </I>The Company shall cause a meeting of its stockholders (the &ldquo;<B>Company Stockholder
Meeting</B>&rdquo;) to be duly called and held as soon as reasonably practicable following clearance of the Proxy Statement
(and in any event no more than forty-five (45) days after such clearance) by the SEC for the purpose of voting on the
adoption of this Agreement, the adjournment the Company Stockholder Meeting, if necessary to solicit additional proxies if
there are not sufficient votes to adopt this Agreement, and a non-binding advisory proposal to approve change-in-control
payments to executives of the Company. Except as required by Applicable Law, the Company shall not submit any other proposal
to its stockholders at the Company Stockholder Meeting without the prior written consent of Parent. The record date and
meeting date of the Company Stockholder Meeting shall be selected by the Company after reasonable consultation with Parent.
Notwithstanding anything to the contrary herein, the Company may, in its reasonable discretion, adjourn or postpone the
Company Stockholder Meeting (a) after consultation with Parent, to the extent necessary to ensure that any required
supplement or amendment to the Proxy Statement is provided to the Company&rsquo;s stockholders within a reasonable amount of
time in advance of the Company Stockholder Meeting, (b) as otherwise required by Applicable Law or (c) if as of the time for
which the Company Stockholder Meeting is scheduled as set forth in the Proxy Statement, there are insufficient shares of
Company Stock represented (in person or by proxy) to obtain Company Stockholder Approval; <U>provided</U>, <U>however</U>,
that unless and only for so long as the Company is in a Parent notice period in accordance with <U>Section 6.03(e) </U>or <U>Section
6.03(f)</U>, the Company Stockholder Meeting shall not be adjourned for more than thirty (30) days in the aggregate from the
originally scheduled date of the Company Stockholder Meeting without the prior written consent of Parent (which consent shall
not be unreasonably withheld, conditioned or delayed). The Company shall, upon the reasonable request of Parent, advise
Parent on a daily basis on each of the last seven (7) days prior to the date of the Company Stockholder Meeting (and any
reconvening thereof) as to the aggregate tally of proxies received by the Company with respect to the Company Stockholder
Approval and whether such proxies have been voted affirmatively or negatively with respect to each of the proposals to be
presented at the Company Stockholder Meeting. Subject to <U>Section 6.03</U>, the Company Board shall (i)&nbsp;recommend
adoption of this Agreement by the Company&rsquo;s stockholders, (ii) use its reasonable best efforts to obtain the Company
Stockholder Approval and (iii) otherwise comply with all legal requirements applicable to such meeting. Notwithstanding
anything to the contrary set forth this Agreement, but subject to the fourth sentence of this <U>Section 6.02</U>, unless
this Agreement is terminated pursuant to, and in accordance with, <U>Section 10.01</U>, (i) the obligation of the Company to
establish a record date for, give notice of, and convene and hold the Company Stockholder Meeting and to hold a vote of the
Company&rsquo;s stockholders on the adoption of this Agreement at the Company Stockholder Meeting pursuant to this <U>Section
6.02</U> shall not be limited or otherwise affected by the commencement, disclosure, announcement or submission to it of any
Acquisition Proposal (whether or not a Superior Proposal) or by an Adverse Recommendation Change, and (ii) in any case in
which the Company makes an Adverse Recommendation Change pursuant to <U>Section 6.03</U>, the Company shall nevertheless
submit this Agreement to a vote of its stockholders at the Company Stockholder Meeting for the purpose of the adoption of
this Agreement.</P>

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

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 6.03.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>No Solicitation</I>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Notwithstanding anything to the contrary contained in this Agreement, during the period beginning on the date of this Agreement
and continuing until 11:59 p.m. New York City time on January 31, 2021 (the &ldquo;<B>No-Shop Period Start Date</B>&rdquo;), the
Company and its Subsidiaries and their respective directors, officers, employees, investment bankers, attorneys, accountants and
other advisors or Representatives shall have the right to (i) solicit, initiate, propose or induce the making, submission or announcement
of, or encourage, facilitate or assist, any proposal or offer that could constitute an Acquisition Proposal, (ii) provide information
(including non-public information and data) relating to the Company or any of its Subsidiaries and afford access to the business,
properties, assets, books, records or other non-public information, or to any personnel, of the Company or any of its Subsidiaries
to any Person (and its Representatives, including potential financing sources) pursuant to an Acceptable Confidentiality Agreement;
provided, however, that the Company shall provide to Parent and Merger Subsidiary any non-public information or data that is provided
to any Person given such access that was not previously provided or made available to Parent or Merger Subsidiary prior to or substantially
concurrently with the time it is provided to such Person, (iii) engage in, enter into, continue or otherwise participate in, any
discussions or negotiations with any Persons (and their respective Representatives, including potential financing sources) with
respect to any Acquisition Proposals (or inquiries, proposals or offers or other efforts that would reasonably be expected to lead
to a Acquisition Proposal) and (iv) cooperate with or assist or participate in or facilitate any such inquiries, proposals, offers,
discussions or negotiations or any effort or attempt to make any Acquisition Proposals. As promptly as reasonably practicable,
and in any event within one (1) Business Day following the No-Shop Period Start Date, the Company shall deliver to Parent a written
notice setting forth the identity of each Excluded Party.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Except as expressly permitted by this Section 6.03, from the No-Shop Period Start Date (or, with respect to an Excluded
Party, from 11:59 p.m. New York City time on the twentieth (20th) day following the No-Shop Period Start Date) (the twentieth
(20th) day, the &ldquo;<B>Cut-Off Time</B>&rdquo;) until the earlier to occur of the valid termination of this Agreement pursuant
to <U>Article 10</U> and the Effective Time, the Company shall not, and shall cause each of its Subsidiaries and its and
their respective officers and directors, and shall instruct its and its Subsidiaries&rsquo; other Representatives not to, directly
or indirectly, (i) solicit, initiate, or knowingly encourage or knowingly facilitate any proposal or offer that constitutes, or
would reasonably be expected to lead to, an Acquisition Proposal, or (ii) engage in, continue or otherwise participate in any
discussions or negotiations regarding, or furnish to any other Person any information in connection with or for the purpose of
knowingly encouraging or knowingly facilitating, any inquiry, proposal or offer that constitutes, or would reasonably be expected
to lead to, an Acquisition Proposal. The Company shall, and the Company shall cause its Subsidiaries, and its and their respective
officers and directors to, and shall use its reasonable best efforts to cause its and its Subsidiaries&rsquo; other Representatives
to, immediately after the No Shop Period Start Date (or, with respect to an Excluded Party, the Cut-Off Time), cease any and all
existing solicitation, discussions or negotiations with any Persons (or provision of any nonpublic information to any Persons)
with respect to any inquiry, proposal or offer that constitutes, or would reasonably be expected to lead to, an Acquisition Proposal,
except as set forth in the last sentence of this <U>Section 6.03(b)</U>. Within five (5) Business Days following the No-Shop Period
Start Date (or, with respect to an Excluded Party, within five (5) Business Days after the Company Stockholder Approval has been
obtained), the Company shall (A) request in writing that each Person that has heretofore executed a confidentiality agreement
in connection with its consideration of an Acquisition Proposal or potential Acquisition Proposal promptly destroy or return to
the Company all nonpublic information heretofore furnished by the Company or any of its Representatives to such Person or any
of its Representatives in accordance with the terms of such confidentiality agreement and (B) terminate access to any physical
or electronic data rooms relating to a possible Acquisition Proposal by such Person and its Representatives. Notwithstanding the
commencement of the No-Shop Period Start Date, the Company may continue to engage in the activities described in clauses (ii)
and (iii) of <U>Section 6.03(a)</U> (subject to compliance with the terms thereof) with respect to any Excluded Party, including
with respect to any amended or modified Acquisition Proposal submitted by any Excluded Party following the No-Shop Period Start
Date until obtaining the Company Stockholder Approval, and the restrictions in this <U>Section 6.03(b)</U> shall not apply with
respect thereto.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Notwithstanding
anything to the contrary contained in this Agreement, if, at any time from and after the No-Shop Period Start Date and prior
to the Company obtaining the Company Stockholder Approval, the Company receives a bona fide written Acquisition Proposal that
is not withdrawn from any Person that did not result from a material breach of <U>Section 6.03(b)</U>, and if the Company
Board determines in good faith, after consultation with its financial advisors and outside legal counsel, (i) that such
Acquisition Proposal constitutes or would reasonably be expected to lead to a Superior Proposal, and (ii) failure to take the
actions set forth in clauses (A) and (B) below would reasonably be expected to result in a breach of the Company
Board&rsquo;s fiduciary duties under Applicable Law, then the Company and its Representatives may, in response to such
Acquisition Proposal, (A) furnish, pursuant to an Acceptable Confidentiality Agreement, information (including non-public
information) with respect to the Company and its Subsidiaries to the Person that has made such written Acquisition Proposal
and its Representatives; <U>provided</U>, that the Company shall, prior to or substantially concurrently with the delivery to
such Person, provide to Parent any information concerning the Company or any of its Subsidiaries that is provided or made
available to such Person or its Representatives unless such information has been previously provided to Parent; and (B)
engage in or otherwise participate in discussions or negotiations with the Person making such Acquisition Proposal and its
Representatives regarding such Acquisition Proposal. The Company shall promptly (and in any event within 24 hours) notify
Parent in writing if the Company Board makes the determinations set forth in this <U>Section 6.03(c)</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>At any time after the No-Shop Period Start Date (or, with respect to an Excluded Party, the Cut-Off Time) and until the
earlier to occur of the valid termination of this Agreement pursuant to <U>Article 10</U> and the Effective Time, the Company shall
(i) promptly (and in no event later than 24 hours after receipt) notify Parent in writing in the event that the Company or any
of its Subsidiaries or its or their Representatives receives an Acquisition Proposal or any offer, proposal, inquiry or request
for information or discussions relating to the Company or its Subsidiaries that is or would be reasonably likely to lead to an
Acquisition Proposal or in each case, any amendment or modification to the material terms of any Acquisition Proposal, including
the identity of the Person making the Acquisition Proposal or offer, proposal, inquiry or request and the material terms and conditions
thereof (and, if the Acquisition Proposal is made in writing, an unredacted copy of such Acquisition Proposal, any relevant proposed
transaction agreements and a copy of any financing commitments), and (ii) keep Parent reasonably informed, on a reasonably current
basis, as to any material developments with respect to such Acquisition Proposal, offer, proposal, inquiry or request.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(e)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Notwithstanding
anything else in this Agreement to the contrary, from the date of this Agreement until the earlier to occur of the
termination of this Agreement pursuant to <U>Article 10</U> and the Effective Time, except as expressly permitted by this <U>Section
6.03(e)</U> or <U>Section 6.03(f)</U>, neither the Company Board nor any committee thereof shall (i) (A) change, qualify,
withhold, withdraw or modify, or authorize or resolve to or publicly propose or announce its intention to change, qualify,
withhold, withdraw or modify, in each case in any manner adverse to Parent, the Company Board Recommendation, or fail to
include the Company Board Recommendation in the Proxy Statement, (B) adopt, approve, endorse or recommend to the stockholders
of the Company, or resolve to or publicly propose or announce its intention to adopt, approve, endorse or recommend to the
stockholders of the Company, an Acquisition Proposal, (C) within ten (10) Business Days of Parent&rsquo;s written request,
fail to make or reaffirm the Company Board Recommendation following the date any Acquisition Proposal or any material
modification thereto is first published or sent or given to the stockholders of the Company; <U>provided</U>, that Parent may
not make any such request on more than one occasion in respect of any Acquisition Proposal or more than one occasion in
respect of any material modification of an Acquisition Proposal, (D) fail to recommend, in a Solicitation/Recommendation
Statement on Schedule 14D-9 against any Acquisition Proposal that is a tender offer or exchange offer subject to Regulation
14D promulgated under the 1934 Act within ten (10) Business Days after the commencement (within the meaning of Rule 14d-2
under the 1934 Act) of such tender offer or exchange offer, or (E) publicly propose or agree to any of the foregoing (any
action described in this clause (i) being referred to as an &ldquo;<B>Adverse Recommendation Change</B>&rdquo;), or (ii)
cause or direct the Company or any of its Subsidiaries to enter into any letter of intent, memorandum of understanding,
agreement (including an acquisition agreement, merger agreement, option agreement, expense reimbursement agreement, joint
venture agreement or other similar agreement), legally binding commitment or agreement in principle with respect to, or that
would reasonably be expected to lead to, any Acquisition Proposal (other than an Acceptable Confidentiality Agreement entered
into in accordance with <U>Section 6.03(c)</U>) (a &ldquo;<B>Company Acquisition Agreement</B>&rdquo;) or publicly propose or
agree to do any of the foregoing. Notwithstanding anything to the contrary set forth in this Agreement, prior to obtaining
the Company Stockholder Approval, the Company Board may, in response to an Acquisition Proposal received by the Company after
the date of this Agreement that did not result from a material breach of <U>Section 6.03(b)</U>, (x) make an Adverse
Recommendation Change or (y) cause the Company to validly terminate this Agreement in accordance with <U>Section
10.01(d)(i)</U> in order to cause the Company to enter into a definitive agreement with respect to an Acquisition Proposal,
if and only if the Company Board has determined in good faith, after consultation with its financial advisor and outside
legal counsel and after taking into account any revisions to the terms of this Agreement that may be offered in writing by
Parent in accordance with this <U>Section 6.03(e)</U>, (I) that such Acquisition Proposal constitutes a Superior Proposal,
and (II) that the failure to make an Adverse Recommendation Change or cause the Company to validly terminate this Agreement
in accordance with <U>Section 10.01(d)(i)</U> would reasonably be expected to result in a breach of the Company Board&rsquo;s
fiduciary duties under Applicable Law; <U>provided</U>, that prior to making such Adverse Recommendation Change or
terminating this Agreement in accordance with <U>Section 10.01(d)(i)</U>, (A) the Company shall have given Parent at least
four (4) Business Day&rsquo;s prior written notice of its intention to take such action, including the material terms and
conditions of, and the identity of the Person making any such Superior Proposal and contemporaneously provided to Parent a
copy of the Superior Proposal, a copy of any proposed Company Acquisition Agreement and all related documentation, (B) during
such four (4) Business Day period following the date on which such notice is received, the Company shall and shall cause its
Representatives to, if requested by Parent, negotiate with Parent in good faith to make such adjustments to the terms and
conditions of this Agreement as Parent may propose, (C) upon the end of such notice period (or such subsequent notice period
as contemplated by clause (D)), the Company Board shall have considered in good faith any revisions to the terms of this
Agreement proposed in writing by Parent and capable of being accepted by the Company, and shall have determined, after
consultation with its financial advisors and outside legal counsel, that the Superior Proposal would nevertheless continue to
constitute a Superior Proposal, and (D) in the event of any change to any of the financial terms or any other material terms
of such Superior Proposal, the Company shall, in each case, have delivered to Parent an additional notice consistent with
that described in clause (A) above of this proviso and a new notice period under clause (A) of this proviso shall commence
(<U>provided</U>, that the notice period thereunder shall only be three (3) Business Days) during which time the Company
shall be required to comply with the requirements of this <U>Section 6.03(e)</U> anew with respect to such additional notice,
including clauses (A) through (C) above of this proviso. For the avoidance of doubt, the Cut-Off Time shall be tolled and
shall not take effect during the periods described in the foregoing sentence.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(f)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>The
foregoing notwithstanding, prior to obtaining the Company Stockholder Approval, the Company Board may, in response to an
Intervening Event, make an Adverse Recommendation Change, if the Company Board determines in good faith, after consultation
with the Company&rsquo;s financial advisors and outside legal counsel, that the failure of the Company Board to take such
action would reasonably be expected to result in a breach of the Company Board&rsquo;s fiduciary duties under Applicable Law; <U>provided</U>, <U>however</U>,
that the Company Board shall not be entitled to effect such an Adverse Recommendation Change until (i) the Company shall have
given Parent at least four (4) Business Day&rsquo;s prior written notice of its intention to effect such an Adverse
Recommendation Change and specifying the reasons therefor, which notice shall include a description the applicable
Intervening Event, (ii) during the four (4) Business Day period following the date on which such notice is received, the
Company shall and shall cause its Representatives to, if requested by Parent, negotiate in good faith with Parent, to make
adjustments to the terms and conditions of this Agreement and (iii) following the end of such four (4) Business Day period,
the Company Board, after consultation with the Company&rsquo;s financial advisors and outside legal counsel and taking into
account any revisions to the terms and conditions of this Agreement proposed in writing by Parent and capable of being
accepted by the Company, shall have determined in good faith that the failure of the Company Board to make such an Adverse
Recommendation Change would reasonably be expected to result in a breach of the Company Board&rsquo;s fiduciary duties under
Applicable Law.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(g)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Nothing contained in this <U>Section 6.03</U> shall prohibit the Company or the Company Board from (i) taking and disclosing
to the stockholders of the Company a position contemplated by Rule 14e-2(a) or Rule 14d-9 promulgated under the 1934 Act, (ii)
making any disclosure to the stockholders of the Company that is required by Applicable Law or (iii) making any &ldquo;stop, look
and listen&rdquo; communication to the stockholders of the Company pursuant to Rule 14d-9(f) under the 1934 Act; <U>provided</U>,
<U>however</U>, that this <U>Section 6.03(g)</U> shall not be deemed to permit the Company Board to make an Adverse Recommendation
Change other than in accordance with <U>Section 6.03(e)</U> or <U>Section 6.03(f)</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 6.04.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>Access to Information</I>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>From the date of this Agreement until the earlier of the Effective Time and the valid termination of this Agreement in accordance
with <U>Article 10</U> hereof, and subject to Applicable Law and the Confidentiality Agreements, the Company shall, and shall cause
each of its Subsidiaries to, (i) give to Parent, its counsel, financial advisors, auditors and other authorized Representatives
reasonable access during normal business hours to the employees, offices (subject to the Company taking actions to ensure compliance
by the Company and its Subsidiaries and their respective directors, officers and employees with any COVID-19 Measures), properties,
books and records of such party, (ii) furnish reasonably promptly to Parent, its counsel, financial advisors, auditors and other
authorized Representatives all information (financial or otherwise) as such Persons may reasonably request concerning the Company&rsquo;s
and its Subsidiaries&rsquo; business, properties and personnel, and (iii) instruct its employees, counsel, financial advisors,
auditors and other authorized Representatives to reasonably cooperate with Parent in its investigation. Any investigation pursuant
to this <U>Section 6.04</U> shall be conducted under supervision of appropriate personnel of the Company and in such manner as
not to unreasonably interfere with the conduct of the business of the Company, and shall not include the collection or analysis
of any environmental samples, except for the purposes of assessing a &ldquo;recognized environmental condition&rdquo; identified
in any Phase I environmental site assessment and then only upon prior written consent from the Company (which consent shall not
be unreasonably withheld, conditioned or delayed), and, if required under the applicable Real Property Lease, the prior written
consent of the lessor of the applicable property.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Notwithstanding
the foregoing in this <U>Section 6.04</U> or the provisions of <U>Section 8.01</U>, the Company may, as it deems advisable
and necessary, reasonably designate any competitively sensitive material provided under this <U>Section 6.04 </U>and <U>Section
8.01</U> as &ldquo;<B>Outside Counsel Only Material</B>&rdquo;. Outside Counsel Only Material and the information contained
therein shall be given only to the outside counsel of the recipient and will not be disclosed by such outside counsel to
employees, officers, directors or other Representatives of the recipient unless express permission is obtained in advance
from the Company or its legal counsel. Anything to the contrary contained in this <U>Section 6.04</U> and <U>Section 8.01</U>
notwithstanding, materials provided pursuant to this <U>Section 6.04</U> or <U>Section 8.01</U> may be redacted (i) as
necessary to comply with terms of any applicable confidentiality arrangements to which the Company or any of its Subsidiaries
is a party as of the date of this Agreement (<U>provided</U>, that the Company shall use its commercially reasonable efforts
to allow for such access or disclosure that does not result in a violation), and (ii) as necessary to address reasonable
legal privilege concerns (<U>provided</U>, that the Company shall use its reasonable best efforts to allow for such access or
disclosure to the maximum extent that does not result in such loss of any such attorney-client, attorney work product or
other legal privilege); <U>provided</U>, <U>however</U>, that if any of the restrictions in the foregoing clauses (i)-(ii)
shall apply, the Company shall advise Parent of the subject matter of any such information that cannot be disclosed and shall
use commercially reasonable efforts to make appropriate alternate disclosure arrangements, including adopting additional
specific procedures to protect the confidentiality of sensitive material and to ensure protection of legal privilege.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Parent will hold, and will cause its Representatives and Affiliates to hold, any nonpublic information, including any information
exchanged pursuant to this <U>Section 6.04</U> and <U>Section 8.01</U>, in confidence to the extent required by and in accordance
with, and will otherwise comply with, the terms of the Confidentiality Agreements.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 6.05.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>Section 16 Matters. </I>Prior to the Effective Time, the Company shall take all reasonable steps intended to cause any
dispositions of Company Stock (including derivative securities with respect to Company Stock) resulting from the transactions contemplated
by <U>Article 2</U> of this Agreement by each individual who is subject to the reporting requirements of Section 16(a) of the 1934
Act with respect to the Company to be exempt under Rule 16b-3 promulgated under the 1934 Act.</P>

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

<P STYLE="font: small-caps 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><FONT STYLE="font-variant: normal; text-transform: uppercase">Article
7</FONT><BR>
<FONT STYLE="font-variant: normal"><U>Covenants of Parent and Merger Subsidiary</U></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Parent and Merger Subsidiary
jointly and severally agree that:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 7.01.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>Obligations of Merger Subsidiary. </I>Parent shall take all action necessary to cause Merger Subsidiary to perform its
obligations under this Agreement and to consummate the Merger on the terms and subject to the conditions set forth in this Agreement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 7.02.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>Parent Owned Shares. </I>Parent shall vote or cause to be voted all shares of Company Stock beneficially owned by it
or any of its Affiliates in favor of adoption and approval of this Agreement at the Company Stockholder Meeting.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 7.03.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>Indemnification and Insurance. </I>Parent shall cause the Surviving Corporation, and the Surviving Corporation hereby
agrees, to do the following:</P>

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

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>All
rights to indemnification and exculpation from liabilities for acts or omissions occurring at or prior to the Effective Time
and rights to advancement of expenses relating thereto now existing in favor of any Person who is or prior to the Effective
Time becomes, or has been at any time prior to the date of this Agreement, a present or former director, officer, employee or
agent (including as a fiduciary with respect to an employee benefit plan) of the Company, any of its Subsidiaries or any of
their respective predecessors (each, an &ldquo;<B>Indemnified Person</B>&rdquo;) as provided in the certificate of
incorporation and bylaws of the Company, the organizational documents of any Subsidiary of the Company or any indemnification
agreement, or other agreement containing any indemnification provisions, including any employment agreements, between such
Indemnified Person and the Company or any of its Subsidiaries shall survive the Merger and shall not be amended, repealed or
otherwise modified in any manner that would adversely affect any right thereunder of any such Indemnified Person. For six (6)
years after the Effective Time, the Surviving Corporation and each of its Subsidiaries shall, and Parent will cause the
Surviving Corporation and each of its Subsidiaries to, cause to be maintained in effect provisions in the certificate of
incorporation and bylaws of the Surviving Corporation and each of its Subsidiaries (or in such documents of any successor to
the business of the Surviving Corporation or any of its Subsidiaries) regarding elimination of liability of directors,
indemnification of officers, directors and employees and advancement of expenses that are no less advantageous to the
intended beneficiaries than the corresponding provisions in the certificate of incorporation and bylaws of the Company and
each of its Subsidiaries in existence on the date of this Agreement. From and after the Effective Time, any agreement of any
Indemnified Person with the Company or any of its Subsidiaries regarding elimination of liability, indemnification or
advancement of expenses shall be assumed by the Surviving Corporation, shall survive the Merger and shall continue in full
force and effect in accordance with its terms.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>For six years after the Effective Time, the Surviving Corporation shall, and Parent shall cause the Surviving Corporation
to, indemnify and hold harmless all Indemnified Persons to the fullest extent permitted by Delaware Law and any other Applicable
Law in the event of any threatened or actual claim, suit, action, proceeding or investigation (a &ldquo;<B>Claim</B>&rdquo;), whether
civil, criminal or administrative, based in whole or in part on, or arising in whole or in part out of, or pertaining to (i) the
fact that the Indemnified Person is or was a director (including in a capacity as a member of any board committee), officer, employee
or agent of the Company, any of its Subsidiaries or any of their respective predecessors or (ii) this Agreement or any of the transactions
contemplated hereby, whether in any case asserted or arising before, on or after the Effective Time, against any losses, claims,
damages, liabilities, costs, expenses (including reasonable attorney&rsquo;s fees and expenses in advance of the final disposition
of any claim, suit, proceeding or investigation to each Indemnified Person to the fullest extent permitted by Applicable Law upon
receipt of any undertaking required by Applicable Law), judgments, fines and amounts paid in settlement of or in connection with
any such threatened or actual Claim. Neither Parent nor the Surviving Corporation shall settle, compromise or consent to the entry
of any judgment in any threatened or actual Claim for which indemnification could be sought by an Indemnified Person hereunder,
unless such settlement, compromise or consent includes an unconditional release of such Indemnified Person from all liability arising
out of such Claim or such Indemnified Person otherwise consents in writing to such settlement, compromise or consent. Parent and
the Surviving Corporation shall cooperate with an Indemnified Person in the defense of any matter for which such Indemnified Person
could seek indemnification hereunder.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Prior
to the Effective Time, the Company shall, or if the Company is unable to, Parent shall cause the Surviving Corporation as of
the Effective Time to, obtain and fully pay the premium for the non-cancellable extension of the directors&rsquo; and
officers&rsquo; liability coverage of the Company&rsquo;s existing directors&rsquo; and officers&rsquo; insurance policies
and the Company&rsquo;s existing fiduciary liability insurance policies, in each case for a claims reporting or discovery
period of at least six (6) years from and after the Effective Time with respect to any claim related to any period or time at
or prior to the Effective Time (including claims with respect to the adoption of this Agreement and the consummation of the
transactions contemplated hereby) with terms, conditions, retentions and limits of liability that are no less favorable than
the coverage provided under the Company&rsquo;s existing policies; <U>provided</U>, that the Company shall give Parent a
reasonable opportunity to participate in the selection of such &ldquo;tail&rdquo; insurance policy and the Company shall give
good faith consideration to any comments made by Parent with respect thereto; and <U>provided</U>, that the premium per annum
payable for such &ldquo;tail&rdquo; insurance policy shall not exceed 300% of the amount per annum the Company paid in its
last full fiscal year (which amount is set forth in <U>Section&nbsp;7.03(c) </U>of the Company Disclosure Letter) (such
maximum amount, the &ldquo;<B>Maximum Tail Premium</B>&rdquo;) and if the cost for such &ldquo;tail&rdquo; insurance policy
exceeds the Maximum Tail Premium, then the Company (or the Surviving Corporation, as the case may be) shall obtain a policy
with the greatest coverage available for a cost not exceeding the Maximum Tail Premium.</P>

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

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>If Parent or the Surviving Corporation (i) consolidates with or merges into any other Person and shall not be the continuing
or surviving corporation or entity of such consolidation or merger, or (ii) transfers or conveys of its property and assets to
any Person, then, and in each such case, proper provision shall be made so that the applicable successor, assign or transferee
shall assume the obligations set forth in this <U>Section 7.03</U> (including this <U>Section 7.03(d)</U>).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(e)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The rights of each Indemnified Person under this <U>Section 7.03</U> shall be in addition to any rights such Person may
have under the certificate of incorporation and bylaws of the Company or any of its Subsidiaries, under Delaware Law or any other
Applicable Law, under any agreement of any Indemnified Person with the Company or any of its Subsidiaries or otherwise. These rights
shall survive consummation of the Merger and are intended to benefit, and shall be enforceable by, each Indemnified Person. The
obligations of Parent and the Surviving Corporation under this <U>Section 7.03</U> shall not be terminated or modified in such
a manner as to adversely affect the rights of any Indemnified Person without the consent of such Indemnified Person.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(f)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The Surviving Corporation shall pay, and Parent shall cause the Surviving Corporation to pay, on an as-incurred basis the
fees and expenses of such Indemnified Person (including the reasonable fees and expenses of counsel) in advance of the final disposition
of any action, suit, proceeding or investigation that is the subject of the right to indemnification, <U>provided</U>, that such
Person shall, prior to the receipt of any such advancements, undertake to reimburse the Surviving Corporation for all amounts so
advanced if a court of competent jurisdiction determines, by a final, nonappealable order or judgment, that such Person is not
entitled to indemnification.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 7.04.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>Employee Matters</I>.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>With respect to employees of the Company or its Subsidiaries immediately before the Effective Time who continue such employment
immediately following the Effective Time (each, a &ldquo;<B>Company Employee</B>&rdquo;), for a period of twelve (12) months following
the Closing (or, if earlier, the termination of the applicable Company Employee&rsquo;s employment with Parent, the Surviving Corporation
and their Affiliates), Parent shall, or shall cause the Surviving Corporation to provide (i) base salary or wage rate and target
cash incentive compensation opportunity no less favorable and (ii) other employee benefits (other than equity compensation) no
less favorable in the aggregate, in each case, than the compensation and benefits (other than any equity-based compensation, ESPP
participation and severance benefits) provided to the Company Employee immediately prior to the Effective Time.</P>

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

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Without limiting the generality of <U>Section 7.04(a)</U>, from and after the Effective Time, Parent shall, or shall cause
the Surviving Corporation, to assume, honor and continue during the twelve (12) month period following the Effective Time or, if
sooner, until all obligations thereunder have been satisfied, all of the Company&rsquo;s employment, severance, change in control,
retention and termination plans and agreements, in each case, as in effect as of the Effective Time, which are set forth on <U>Section
7.04(b)</U> of the Company Disclosure Letter, including with respect to any payments, benefits or rights arising as a result of
the transactions contemplated by this Agreement (either alone or in combination with any other event), without any amendment or
modification, other than any amendment or modification required to comply with Applicable Law or with the consent of the applicable
Company Employee.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>With respect to any employee benefit plan maintained by Parent, the Surviving Corporation or any of their Affiliates, for
purposes of determining eligibility to participate and vesting and for purposes of determining the level of benefits under any
vacation, paid time off or severance plan only, each Company Employee&rsquo;s service with the Company or any of its Subsidiaries
prior to the Effective Time (as well as service with any predecessor employer of the Company or any such Subsidiary, to the extent
service with the predecessor employer is recognized by the Company or such Subsidiary under the comparable Employee Plans) shall
be treated as service with Parent, the Surviving Corporation or their Affiliates; <U>provided</U>, <U>however</U>, that such service
need not be recognized to the extent that such recognition would result in any duplication of benefits or apply to any defined
benefit pension plans.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Parent shall use commercially reasonable efforts to waive, or shall cause the Surviving Corporation or any of its Affiliates
to use commercially reasonable efforts to waive, any pre-existing condition limitations, exclusions, actively-at-work requirements
and waiting periods under any welfare benefit plan maintained by the Parent, the Surviving Corporation or any of their Affiliates
in which any Company Employee (or the dependents of any eligible employee) will be eligible to participate from and after the Effective
Time, except to the extent that such pre-existing condition limitations, exclusions, actively-at-work requirements and waiting
periods would not have been satisfied or waived under the comparable Employee Plan immediately prior to the Effective Time. Parent
shall use commercially reasonable efforts to recognize, or shall cause the Surviving Corporation or any of its Affiliates to use
commercially reasonable efforts to recognize, the dollar amount of all co-payments, deductibles and similar expenses incurred by
each Company Employee (and his or her eligible dependents) under the applicable Employee Plan during the calendar year in which
the Effective Time occurs for purposes of satisfying such year&rsquo;s deductible and out-of-pocket limitations under the relevant
welfare benefit plans in which such Company Employee will be eligible to participate from and after the Effective Time.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(e)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>If requested by Parent in writing at least fifteen (15) Business Days prior to the Effective Time, the Company shall cause
any Employee Plan that is a defined contribution plan intended to be qualified under Section 401(a) of the Code and that includes
a cash or deferred arrangement under Code Section 401(k) (a &ldquo;<B>Company 401(k) Plan</B>&rdquo;) to be terminated effective
as of the day immediately prior to the Effective Time and contingent upon the occurrence of the Closing. In the event that Parent
requests that the Company 401(k) Plan be terminated, the Company shall provide Parent with evidence that such Employee Plan has
been terminated effective as of the day immediately prior to the Effective Time and contingent upon the occurrence of the Closing
(the form and substance of which shall be reasonably acceptable to Parent) not later than two (2) Business Days immediately preceding
the Effective Time, and the Parent shall cause the Company Employees to be eligible to participate, effective as soon as practicable
following the Effective Time, in a defined contribution plan intended to be qualified under Section 401(a) of the Code sponsored
or maintained by Parent or one of its Subsidiaries.</P>

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

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(f)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Nothing in this <U>Section 7.04</U> shall create any right in any Person, including any employees, former employees, any
participant in any Employee Plan or any beneficiary thereof, with respect to any Employee Plan, nor create any right to continued
employment with Parent, Company, the Surviving Corporation or any of their Affiliates, nor be construed in any way as modifying
or amending the provisions of an Employee Plan or any employee benefit plan, program or policy of Parent or its Affiliates, including
the Surviving Corporation, nor obligate Parent, the Surviving Corporation or any of their Affiliates to maintain any Employee Plan
or other benefit plan.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 7.05.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>No Impeding Actions</I>. Each of Parent and Merger Subsidiary agrees that, from the date of this Agreement to the earlier
of the Effective Time and the valid termination of this Agreement in accordance with <U>Article 10</U> hereof, it shall not: (a)
take any action that is intended to or would reasonably be likely to result in any of the conditions to consummating the Merger
becoming incapable of being satisfied or (b) take any action or fail to take any action which would, or would be reasonably likely
to, individually or in the aggregate, prevent, materially delay or materially impede the ability of Parent or Merger Subsidiary
to consummate the Merger or the other transactions contemplated under this Agreement.</P>

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

<P STYLE="font: small-caps 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><FONT STYLE="font-variant: normal; text-transform: uppercase">Article
8</FONT><BR>
<FONT STYLE="font-variant: normal"><U>Covenants of Parent, Merger Subsidiary and the Company</U></FONT></P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 8.01.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>Reasonable Best Efforts. </I></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>On the terms and subject to the conditions of this Agreement, the Company and Parent shall cooperate with each other and
use their reasonable best efforts to take, or cause to be taken, all actions and to do, or cause to be done, all things necessary,
proper or advisable under Applicable Law to consummate the Merger and the other transactions contemplated by this Agreement as
promptly as practicable, including (i) preparing and filing as promptly as practicable after the date of this Agreement with any
Governmental Authority all documentation to effect all necessary filings, notices, petitions, statements, registrations, submissions
of information, applications and other documents, (ii) obtaining and maintaining all approvals, consents, registrations, Permits,
authorizations, licenses, waivers and other confirmations required to be obtained from any Governmental Authority or any other
third party that are necessary in connection with the consummation of the transactions contemplated by this Agreement, (iii) defending
or contesting any action, suit or proceeding challenging this Agreement or the transactions contemplated hereby and (iv) executing
and delivering any additional instruments necessary to consummate the transactions contemplated hereby.</P>

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

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT> In furtherance and not in limitation of the foregoing, each of Parent and the Company shall (i) make (A) an appropriate
filing of a Notification and Report Form pursuant to the HSR Act as promptly as practicable (and in any event within ten (10) Business
Days after the date of this Agreement) and (B) each other appropriate filing required pursuant to any Foreign Antitrust Law (collectively
with the HSR Act, the &ldquo;<B>Antitrust Laws</B>&rdquo;) as promptly as practicable (and in any event within ten (10) Business
Days after the date of this Agreement), in each case with respect to the transactions contemplated hereby, (ii) use reasonable
best efforts to certify compliance as soon as reasonably practicable with any request under any Antitrust Laws for additional information,
documents, or other materials received by each of them or any of their respective Subsidiaries or Affiliates from any Governmental
Authority in respect of such filings or such transactions and (iii) cooperate with each other in connection with any such filing
(including, to the extent permitted by Applicable Law, providing copies of all such documents to the non-filing parties prior to
filing and considering all reasonable additions, deletions or changes suggested in connection therewith) and in connection with
resolving any investigation or other inquiry of any Governmental Authority under any of the Antitrust Laws with respect to any
such filing or any such transaction; <U>provided</U>, <U>however</U>, that, subject to reasonable consultation with the Company,
Parent shall make the final determination as to the appropriate course of action regarding obtaining clearance from any Governmental
Authority under any of the Antitrust Laws and resolving any investigation or other inquiry of any Governmental Authority under
any of the Antitrust Laws. Each such party shall use its best efforts to furnish to each other all information required for any
application or other filing to be made pursuant to any Applicable Law in connection with the transactions contemplated by this
Agreement. Each such party shall promptly inform the other parties hereto of any oral communication with, and provide copies of
written communications with, any Governmental Authority regarding any such filings or any such transaction. No party hereto shall
independently participate in any formal meeting with any Governmental Authority in respect of any such filings, investigation,
or other inquiry without giving the other parties hereto prior notice of the meeting and, to the extent permitted by such Governmental
Authority, the opportunity to attend and/or participate. Subject to Applicable Law, the parties hereto will consult and cooperate
with one another in connection with any analyses, appearances, presentations, memoranda, briefs, arguments, opinions and proposals
made or submitted by or on behalf of any party hereto relating to proceedings under any of the Antitrust Laws. The parties shall
take reasonable efforts to share information protected from disclosure under the attorney-client privilege, work product doctrine,
joint defense privilege or any other privilege pursuant to this section so as to preserve any applicable privilege.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Notwithstanding anything herein to the contrary: Parent shall (i) use its reasonable best efforts to take any and all action
necessary to ensure that no Governmental Authority enters any order, decision, judgment, decree, ruling, injunction (preliminary
or permanent), or establishes any law, rule, regulation or other action preliminarily or permanently restraining, enjoining or
prohibiting the consummation of the Merger and to ensure that no Antitrust Authority with the authority to clear, authorize or
otherwise approve the consummation of the Merger, fails to do so by the End Date; and (ii) not take any action (including the acquisition
by it or its Affiliates of any interest in any Person that derives revenues from products, services or lines of business similar
to the Company&rsquo;s products, services or lines of business) if such action would make it materially more likely that there
would arise any impediments under any Antitrust Law that may be asserted by any Governmental Authority to the consummation of the
transactions contemplated hereby as soon as practicable. In the event that any action is threatened or instituted challenging the
Merger as violative of any Antitrust Law, Parent shall use its reasonable best efforts to take all action necessary to avoid or
resolve such action. In the event that any permanent or preliminary injunction or other order is entered or becomes reasonably
foreseeable to be entered in any proceeding that would make consummation of the transactions contemplated hereby in accordance
with the terms of this Agreement unlawful or that would restrain, enjoin or otherwise prevent or materially delay the consummation
of the transactions contemplated by this Agreement, Parent shall use its reasonable best efforts to take promptly any and all steps
necessary to vacate, modify or suspend such injunction or order so as to permit such consummation prior to the End Date; <U>provided</U>,
<U>however</U>, that (x) the Company will not enter into any agreement or understanding that places divestiture or structural or
conduct relief obligations on the Company as a condition for obtaining any clearance from any such Governmental Authority and (y)
neither Parent nor any of its Affiliates will be obligated by any provision in this Agreement to consent to any divestiture or
other structural or conduct relief with respect to Parent&rsquo;s or the Company&rsquo;s assets or business in order to obtain
clearance from any such Governmental Authority.</P>

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

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 8.02.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>Proxy Statement. </I>As promptly as practicable (and in no event later than forty-five (45) days after the date of this
Agreement), the Company shall prepare and file the Proxy Statement in preliminary form with the SEC; <U>provided</U>, that the
Company shall provide Parent and its counsel a reasonable opportunity to review the Company&rsquo;s proposed preliminary Proxy
Statement in advance of filing and consider in good faith any comments reasonably proposed by Parent and its counsel. Subject to
<U>Section&nbsp;6.03</U>, the Proxy Statement shall include the recommendation of the Company Board in favor of approval and adoption
of this Agreement and the Merger. Prior to filing or mailing the Proxy Statement or any related documents (or in each case, any
amendment or supplement thereto), the Company shall provide Parent with an opportunity to review and comment on such document or
written response and shall consider in good faith any comments on such document or response reasonably proposed by Parent. The
Company shall use its reasonable best efforts to cause the Proxy Statement to be mailed to its stockholders as promptly as practicable
following clearance of the Proxy Statement by the SEC, and in any event within five (5) Business Days after such clearance. Parent
and Merger Subsidiary shall furnish to the Company all information concerning Parent and Merger Subsidiary as may be reasonably
required by the Company in connection with the Proxy Statement. Each of the Company, Parent and Merger Subsidiary shall promptly
correct any information provided by it for use in the Proxy Statement if and to the extent that such information shall have become
false or misleading in any material respect, and the Company shall take all steps necessary to amend or supplement the Proxy Statement
and to cause the Proxy Statement, as so amended or supplemented, to be filed with SEC and mailed to its stockholders, in each case
as and to the extent required by Applicable Law. The Company shall (a) as promptly as practicable after receipt thereof, provide
Parent and its counsel with copies of any written comments, and advise Parent and its counsel of any oral comments, with respect
to the Proxy Statement (or any amendment or supplement thereto) received from the SEC or its staff, (b) provide Parent and its
counsel a reasonable opportunity to review the Company&rsquo;s proposed response to such comments and (c) consider in good faith
any comments reasonably proposed by Parent and its counsel. Notwithstanding any other provision herein to the contrary, no amendment
or supplement to the Proxy Statement to modify any information solely relating to Parent or Merger Subsidiary and any of their
respective Affiliates shall be made without the prior written approval of Parent unless required by Applicable Law (and then only
after Parent has been provided an opportunity to review and comment on such amendment or supplement and the Company has considered
in good faith any comments on such amendment or supplement reasonably proposed by Parent).</P>

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

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 8.03.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>Public Announcements. </I>The initial press release issued by Parent and the Company concerning this Agreement and the
transactions contemplated hereby shall be a joint press release, the contents of which have received prior approval from both such
parties, and thereafter, subject to <U>Section 6.03</U>, and unless and until an Adverse Recommendation Change has occurred, Parent
and the Company (a) shall consult with each other (i) in accordance with <U>Section 8.03</U> of the Company Disclosure Letter and
(ii) before issuing any press release, having any communication with the press (whether or not for attribution), making any other
public statement or scheduling any press conference or conference call with investors or analysts with respect to this Agreement
or the transactions contemplated hereby; and (b) except in respect of any such press release, communication, other public statement,
press conference or conference call as may be required by Applicable Law or any listing agreement with or rule of any national
securities exchange or association, shall not issue any such press release, have any such communication, make any such other public
statement or schedule any such press conference or conference call prior to consultation in accordance with clause (a) hereof.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 8.04.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>Further Assurances. </I>At and after the Effective Time, the officers and directors of the Surviving Corporation shall
be authorized to execute and deliver, in the name and on behalf of the Company or Merger Subsidiary, any deeds, bills of sale,
assignments or assurances and to take and do, in the name and on behalf of the Company or Merger Subsidiary, any other actions
and things to vest, perfect or confirm of record or otherwise in the Surviving Corporation any and all right, title and interest
in, to and under any of the rights, properties or assets of the Company acquired or to be acquired by the Surviving Corporation
as a result of, or in connection with, the Merger.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 8.05.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>Notices of Certain Events. </I>Each of the Company and Parent shall promptly notify the other of:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>any written notice or other written communication from any Person alleging that the consent of such Person is or may be
required in connection with the transactions contemplated by this Agreement;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>any written notice or other written communication from any Governmental Authority in connection with the transactions contemplated
by this Agreement;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>any actions, suits, claims, investigations or proceedings commenced or, to its knowledge, threatened against the Company
or any of its Subsidiaries or Parent and any of its Subsidiaries, as the case may be, that relate to the consummation of the transactions
contemplated by this Agreement; and</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>any representation or warranty made in this Agreement becoming untrue or inaccurate such that the conditions set forth in
<U>Article 9</U> would not be satisfied or of any failure to comply with any covenant to be complied with under this Agreement
such that the conditions in <U>Article 9</U> would not be satisfied.</P>

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

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">The failure to deliver
any such notice shall not affect any of the conditions set forth in <U>Article 9</U> or give rise to any right to terminate under
<U>Article 9</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 8.06.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>Transaction Litigation.</I> Prior to the earlier of the Effective Time or the termination of this Agreement, the Company
shall control the defense of any litigation brought by stockholders of the Company against the Company and/or its directors relating
to the transactions contemplated by this Agreement, including the Merger; <U>provided</U>, <U>however</U>, that the Company (a)
shall promptly provide Parent with copies of all proceedings and correspondence relating to such litigation and (b) shall give
Parent the opportunity to participate with the Company regarding the defense or settlement of any such litigation. Prior to the
earlier of the Effective Time and the valid termination of this Agreement in accordance with its terms, the Company shall not settle
or make an offer to settle any litigation against the Company or any director by any stockholder relating to this Agreement, the
Merger or the other transactions contemplated by this Agreement, in each case, without the prior written consent of Parent (which
consent shall not be unreasonably withheld, conditioned or delayed).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 8.07.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>No Control of Other Party&rsquo;s Business</I>. Nothing contained in this Agreement shall give Parent or Merger Subsidiary,
directly or indirectly, the right to control or direct the Company&rsquo;s or its Subsidiaries&rsquo; operations prior to the Effective
Time. Prior to the Effective Time, the Company shall exercise, consistent with the terms and conditions of this Agreement, complete
control and supervision over its and its Subsidiaries&rsquo; operations.</P>

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

<P STYLE="font: small-caps 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><FONT STYLE="font-variant: normal; text-transform: uppercase">Article
9</FONT><BR>
<FONT STYLE="font-variant: normal"><U>Conditions to the Merger</U></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 9.01.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>Conditions to the Obligations of Each Party. </I>The obligations of the Company, Parent and Merger Subsidiary to consummate
the Merger are subject to the satisfaction of the following conditions:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>the Company Stockholder Approval shall have been obtained in accordance with Delaware Law;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>no temporary restraining order, preliminary or permanent injunction or other judgment issued by any Governmental Authority
of competent jurisdiction (collectively, &ldquo;<B>Restraints</B>&rdquo;) shall be in effect enjoining or otherwise prohibiting
the consummation of the Merger; and</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>any applicable waiting period (and any extensions thereof) under the HSR Act relating to the Merger shall have expired or
been terminated.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 9.02.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>Conditions to the Obligations of Parent and Merger Subsidiary</I>. The obligations of Parent and Merger Subsidiary to
consummate the Merger are subject to the satisfaction of the following further conditions:</P>

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

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT> (i) the Company shall have performed or complied with, in all material respects, all of its obligations hereunder required
to be performed by it at or prior to the Effective Time, (ii) (A) the representations and warranties of the Company contained in
<U>Section 4.10(a)</U> shall be true in all respects as of the date of this Agreement and at and as of the Effective Time as if
made at and as of such time, (B) the representations and warranties of the Company contained in <U>Section 4.01(a)</U>, <U>Section
4.02</U>, <U>Section 4.06</U>, <U>Section 4.24</U>, <U>Section 4.25</U> and <U>Section 4.26</U> (disregarding all materiality and
Material Adverse Effect qualifications contained therein) shall be true in all material respects as of the date of this Agreement
and at and as of the Effective Time as if made at and as of such time (other than such representations and warranties that by their
terms address matters only as of another specified time, which shall be true only as of such time), (C) the representations and
warranties of the Company set forth in <U>Section 4.05</U> (disregarding all materiality and Material Adverse Effect qualifications
contained therein) shall be true and correct in all but de minimis respects as of the date of this Agreement and as of the Effective
Time as if at and as of such time (other than such representations and warranties that by their terms address matters only as of
another specified time, which shall be true only as of such time), and (D) the other representations and warranties of the Company
contained in <U>Article 4</U> (disregarding all materiality and Material Adverse Effect qualifications contained therein) shall
be true and correct as of the date of this Agreement and at and as of the Effective Time as if made at and as of such time (other
than representations and warranties that by their terms address matters only as of another specified time, which shall be true
only as of such time), with, in the case of this clause (D) only, only such exceptions as would not have, individually or in the
aggregate, a Material Adverse Effect, and (iii) Parent shall have received a certificate signed by an executive officer of the
Company to the foregoing effect; and</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>since the date of this Agreement there shall not have occurred a Material Adverse Effect on the Company.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 9.03.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>Conditions to the Obligations of the Company</I>. The obligations of the Company to consummate the Merger are subject
to the satisfaction of the following further conditions:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>(i) each of Parent and Merger Subsidiary shall have performed, in all material respects, all of its obligations hereunder
required to be performed by it at or prior to the Effective Time, (ii) (A) the representations and warranties of Parent and Merger
Subsidiary contained in, <U>Section 5.06</U> and <U>Section 5.07</U>, shall be true in all respects at and as of the Effective
Time as if made at and as of such time (other than such representations and warranties that by their terms address matters only
as of another specified time, which shall be true only as of such time), (B) the representations and warranties of Parent and Merger
Subsidiary contained in <U>Section 5.01(a)</U> and <U>Section 5.02</U>, shall be true in all material respects at and as of the
Effective Time as if made at and as of such time (other than such representations and warranties that by their terms address matters
only as of another specified time, which shall be true only as of such time) and (C) the other representations and warranties of
Parent and Merger Subsidiary contained in <U>Article 5</U> (disregarding all materiality and Parent Material Adverse Effect qualifications
contained therein) shall be true at and as of the Effective Time as if made at and as of such time (other than representations
and warranties that by their terms address matters only as of another specified time, which shall be true only as of such time),
with, in the case of this clause (C) only, only such exceptions as would not have, individually or in the aggregate, a Parent Material
Adverse Effect, and (iii) the Company shall have received a certificate signed by an executive officer of Parent to the foregoing
effect.</P>

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

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

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 9.04.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>Frustration of Closing Conditions</I>. Neither Parent nor Merger Subsidiary, on the one hand, nor the Company, on the
other hand, may rely on the failure of any condition set forth in <U>Article 9</U> to be satisfied if such failure was caused by
the failure of Parent or Merger Subsidiary, on the one hand, or the Company, on the other hand, to perform any of its obligations
under this Agreement, to act in good faith or to use its reasonable best efforts to consummate the Merger and the other transactions
contemplated by this Agreement, as required by and subject to <U>Section 8.01</U>.</P>

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

<P STYLE="font: small-caps 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><FONT STYLE="font-variant: normal; text-transform: uppercase">Article
10</FONT><BR>
<FONT STYLE="font-variant: normal"><U>Termination</U></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 10.01. <I>Termination.
</I>This Agreement may be terminated and the Merger may be abandoned at any time prior to the Effective Time (notwithstanding any
adoption and approval of this Agreement by the stockholders of the Company):</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>by mutual written agreement of the Company and Parent; or</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>by either the Company or Parent, if:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>the Merger has not been consummated on or before the date that is 270 days after the date of this Agreement (the &ldquo;<B>End
Date</B>&rdquo;); <U>provided</U>, that the End Date will be automatically extended for up to ninety (90) days if the conditions
set forth in <U>Section 9.01(c)</U> have not been satisfied on or prior to the End Date; <U>provided</U>, <U>further</U>, that
the right to terminate this Agreement pursuant to this <U>Section&nbsp;10.01(b)(i)</U> shall not be available to any party whose
breach of any provision of this Agreement primarily results in the failure of the Merger to be consummated by the End Date (it
being understood that Parent and Merger Subsidiary shall be deemed a single party for purposes of the foregoing proviso); or</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(ii)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>any Restraint shall be in effect permanently enjoining or otherwise permanently prohibiting the consummation of the Merger,
and such Restraint shall have become final and nonappealable; <U>provided</U>, that the right to terminate this Agreement pursuant
to this <U>Section&nbsp;10.01(b)(ii)</U> shall not be available to any party whose breach of any provision of this Agreement results
in such Restraint; or</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(iii)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>at the Company Stockholder Meeting (including any adjournment or postponement thereof), the Company Stockholder Approval
shall not have been obtained upon a vote taken thereon; or</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>prior to obtaining the Company Stockholder Approval, if the Company Board shall have effected an Adverse Recommendation
Change; or</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(ii)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>if any member of the Company Board or any executive officer of the Company, has breached, or has caused or directed the
Company, its Subsidiaries or their respective Representatives to breach, in any material respect, any of the obligations under
<U>Section 6.03(b)</U>; <U>provided</U>, that Parent shall only be permitted to terminate this Agreement pursuant to this <U>Section
10.01(c)(ii)</U> if Parent exercises such termination right no later than the earlier of (A) the date that is ten (10) days after
Parent learns or is made aware of such breach of <U>Section 6.03(b)</U> and (B) the date immediately preceding the date that the
Company Stockholder Approval is obtained; or</P>

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

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(iii)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>if a breach of any representation or warranty or failure to perform any covenant or agreement on the part of the Company
set forth in this Agreement shall have occurred that would cause the condition set forth in <U>Section 9.02(a)</U> not to be satisfied;
<U>provided</U>, that Parent will not be entitled to terminate this Agreement pursuant to this <U>Section 10.01(c)(iii)</U> prior
to the earlier of (A) thirty (30) days following the Company&rsquo;s receipt of written notice of breach from Parent and of Parent&rsquo;s
intention to terminate this Agreement pursuant to this <U>Section 10.01(c)(iii)</U> and (B) the End Date, it being understood that
Parent will not be entitled to terminate this Agreement pursuant to this <U>Section 10.01(c)(iii)</U> with respect to such breach
or failure to perform if such breach or failure to perform is cured, if capable of cure, prior to the end of such period; <U>provided</U>,
<U>further</U>, that the right to terminate this Agreement pursuant to this <U>Section 10.01(c)(iii)</U> shall not be available
to Parent if Parent&rsquo;s breach of any provision of this Agreement would cause the conditions set forth in <U>Section 9.03(a)</U>
not to be satisfied; or</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>if, prior to obtaining the Company Stockholder Approval, in accordance with, and subject to compliance with the terms and
conditions of, <U>Section 6.03(e)</U> in order to enter into a Company Acquisition Agreement to effect a Superior Proposal (with
such Company Acquisition Agreement being entered into substantially concurrently with the termination of this Agreement); <U>provided</U>,
that concurrently with such termination, the Company pays the Company Termination Fee pursuant to <U>Section 11.04(b)</U>; or</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(ii)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>a breach of any representation or warranty or failure to perform any covenant or agreement on the part of Parent or Merger
Subsidiary set forth in this Agreement shall have occurred that would cause the conditions set forth in <U>Section 9.03(a)</U>
not to be satisfied; <U>provided</U>, that the Company will not be entitled to terminate this Agreement pursuant to this <U>Section
10.01(d)(ii)</U> prior to the earlier of (A) thirty (30) days following the Parent&rsquo;s receipt of written notice of breach
from the Company and of the Company&rsquo;s intention to terminate this Agreement pursuant to this <U>Section 10.01(d)(ii)</U>
and (B) the End Date, it being understood that the Company will not be entitled to terminate this Agreement pursuant to this <U>Section
10.01(d)(ii)</U> with respect to such breach or failure to perform if such breach or failure to perform is cured, if capable of
cure, prior to the end of such period; <U>provided</U>, <U>further</U>, that the right to terminate this Agreement pursuant to
this <U>Section 10.01(d)(ii)</U> shall not be available to the Company if the Company&rsquo;s breach of any provision of this Agreement
would cause the condition set forth in <U>Section 9.02(a)</U> not to be satisfied.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The party desiring to terminate this Agreement
pursuant to this <U>Section&nbsp;10.01</U> (other than pursuant to <U>Section&nbsp;10.01(a)</U>) shall give written notice of such
termination to the other party.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 10.02.&nbsp;&nbsp;&nbsp;&nbsp;
<I>Effect of Termination</I>. If this Agreement is terminated pursuant to <U>Section 10.01</U>, this Agreement shall become void
and of no effect without liability of any party (or any stockholder, director, officer, employee, agent, consultant or Representative
of such party) to the other party hereto; <U>provided</U>, that (a) the provisions of this <U>Section&nbsp;10.02</U> and <U>Section
11.01</U>, <U>Section 11.04</U>, <U>Section 11.07</U>, <U>Section 11.08</U>, <U>Section 11.09</U> and <U>Section 11.13</U>, and
the Confidentiality Agreements shall survive any termination hereof pursuant to <U>Section&nbsp;10.01</U> and (b) subject to Section
<U>11.04(b)(v) </U>or <U>Section 11.04(b)(vi)</U>, neither the Company nor Parent shall be relieved or released from any liabilities
or damages arising out of its willful and material breach of any provision of this Agreement.</P>

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

<P STYLE="font: small-caps 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><FONT STYLE="font-variant: normal; text-transform: uppercase">Article
11</FONT><BR>
<FONT STYLE="font-variant: normal"><U>Miscellaneous</U></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 11.01.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>Notices. </I>All notices, requests and other communications to any party hereunder shall be in writing (including email
(<U>provided</U>, that such email states that it is a notice delivered pursuant to this <U>Section 11.01)</U>) and shall be given,</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">if to Parent or Merger Subsidiary, to:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1in">Great Outdoors Group, LLC<BR>
2500 East Kearney Ave.<BR>
Springfield, Missouri 65898<BR>
Attention: John L. Morris, Founder and CEO</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">with a copy to (which shall not constitute
notice):</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: 0in">King &amp; Spalding LLP</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: 0in">1180 Peachtree St NE</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: 0in">Atlanta, GA 30309</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: 0in">Attention: Keith Townsend; Robert
J. Leclerc</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1in">Email: ktownsend@kslaw.com; rleclerc@kslaw.com</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1in">&nbsp;</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1in">Sportsman&rsquo;s Warehouse Holdings, Inc.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1in">1475 West 9000 South Suite A</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1in">West Jordan, Utah 84088</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1in">Attention: Robert K. Julian, Secretary and Chief Financial
Officer</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1in">Email: rjulian@sportsmans.com</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">with a copy to (which shall not constitute
notice):</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1in">O&rsquo;Melveny &amp; Myers LLP<BR>
400 South Hope Street, 18<SUP>th</SUP> Floor<BR>
Los Angeles, California 90071<BR>
Attention: John-Paul Motley<BR>
Email: jpmotley@omm.com</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1in"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1in">and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1in">O&rsquo;Melveny &amp; Myers LLP<BR>
610 Newport Center Drive, 17<SUP>th</SUP> Floor<BR>
Newport Beach, California 92660<BR>
Attention: Andor D. Terner<BR>
Email: aterner@omm.com</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">or to such other address or email address
as such party may hereafter specify for the purpose by notice to the other parties hereto. All such notices, requests and other
communications shall be deemed received on the date of receipt by the recipient thereof if received prior to 5:00 p.m. on a Business
Day in the place of receipt. Otherwise, any such notice, request or communication shall be deemed to have been received on the
next succeeding Business Day in the place of receipt.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 11.02.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>Non-Survival of Representations and Warranties. </I>The representations, warranties, covenants and agreements contained
herein and in any certificate or other writing delivered pursuant hereto shall not survive the Effective Time; <U>provided</U>,
that this <U>Section&nbsp;11.02</U> shall not limit any covenant or agreement by the parties that by its terms contemplates performance
after the Effective Time.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 11.03. <I>&nbsp;&nbsp;&nbsp;&nbsp;
Amendments and Waivers. </I></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Any provision of this Agreement may be amended or waived at any time prior to the Effective Time if, but only if, such amendment
or waiver is in writing and is signed, in the case of an amendment, by each party to this Agreement or, in the case of a waiver,
by each party against whom the waiver is to be effective; <U>provided</U>, <U>however</U>, that after the Company Stockholder Approval
has been obtained, there shall be no amendment or waiver that by Applicable Law requires further approval by the stockholders of
the Company without such approval having been obtained.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>No failure or delay by any party in exercising any right, power or privilege hereunder shall operate as a waiver thereof,
nor shall any single or partial exercise thereof preclude any other or further exercise thereof or the exercise of any other right,
power or privilege. The rights and remedies herein provided shall be cumulative and not exclusive of any rights or remedies provided
by Applicable Law.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 11.04.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>Expenses. </I></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>General</U>. Except as otherwise provided in this <U>Section&nbsp;11.04</U>, all costs and expenses incurred in connection
with this Agreement shall be paid by the party incurring such cost or expense.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>If
this Agreement is terminated (A) by the Company pursuant to <U>Section 10.01(d)(i)</U> or (B) by Parent pursuant to <U>Section
10.01(c)(i)</U> or <U>Section 10.01(c)(ii)</U>, then the Company shall pay the Company Termination Fee to Parent (or its
designee), substantially concurrently with the termination in the case of a termination by the Company, or as promptly as
reasonably practicable (and, in any event, within two (2) Business Days following such termination) in the case of a
termination by Parent, in each case, payable by wire transfer of immediately available funds.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(ii)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>If (A) after the date of this Agreement and prior to the receipt of the Company Stockholder Approval, a bona fide Acquisition
Proposal shall have been publicly made, publicly announced or otherwise communicated to the Company Board or to the Company or
shall have been made directly to the stockholders of the Company generally (and in, any such case, such Acquisition Proposal is
not withdrawn), (B) thereafter, this Agreement is terminated by Parent or the Company pursuant to <U>Section 10.01(b)(i)</U> (at
a time when Parent could have terminated this Agreement pursuant to such provision), <U>Section 10.01(b)(iii)</U> or <U>Section
10.01(c)(ii)</U>, and (C) within twelve (12) months after such termination, the Company consummates any Acquisition Proposal or
enters into a definitive agreement in respect of any Acquisition Proposal that is later consummated, then the Company shall pay
to Parent the Company Termination Fee by wire transfer of same-day funds on the date of consummation of such Acquisition Proposal.
For purposes of this <U>Section 11.04(b)(ii)</U>, all references to &ldquo;20%&rdquo; in the definition of &ldquo;Acquisition Proposal&rdquo;
shall be deemed to be references to &ldquo;50%&rdquo;.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(iii)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>If this Agreement is terminated by Parent or the Company pursuant to <U>Section 10.01(b)(ii)</U>, if the Restraint is in
connection with an Antitrust Law or the Order is pursuant to any Antitrust Law, then Parent shall pay, by wire transfer of immediately
available funds to an account designated in writing by the Company, to the Company $55,000,000 (the &ldquo;<B>Parent Termination
Fee</B>&rdquo;) concurrently with such termination, in the case of a termination by Parent, or within two (2) Business Days following
such termination, in the case of a termination by the Company; <U>provided</U>, that no Parent Termination Fee shall be payable
by Parent pursuant this <U>Section 11.04(b)(iii)</U> if Parent terminates this Agreement pursuant to <U>Section 10.01(b)(ii)</U>
at a time when the Company is not permitted to terminate this Agreement pursuant to such section as a result of the provisos set
forth therein.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(iv)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>If (A) this Agreement is terminated by Parent or the Company pursuant to <U>Section 10.01(b)(i)</U> and (B) as of the time
of such termination, the only conditions to Closing set forth in <U>Section 9.01</U> and <U>Section 9.02</U> that have not been
satisfied (other than those conditions that by their nature are to be satisfied by actions taken at the Closing, each of which
shall be capable of being satisfied if the Closing Date were the date the notice of termination is delivered) are those set forth
in <U>Section 9.01(b)</U> or <U>Section 9.01(c)</U> (solely due to a Restraint arising under, or an Applicable Law that is, an
Antitrust Law), then Parent shall pay, by wire transfer of immediately available funds to an account designated in writing by the
Company, to the Company the Parent Termination Fee concurrently with such termination, in the case of a termination by Parent,
or within two (2) Business Days following such termination, in the case of a termination by the Company; <U>provided</U>, that
no Parent Termination Fee shall be payable by Parent pursuant this <U>Section 11.04(b)(iv)</U> if Parent terminates this Agreement
pursuant to <U>Section 10.01(b)(i)</U> at a time when the Company is not permitted to terminate this Agreement pursuant to such
section as a result of the provisos set forth therein.</P>

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

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(v)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT> In no event shall the Company be required to pay the Company Termination Fee on more than one occasion. Parent and Merger
Subsidiary agree that if the Company Termination Fee is paid in full to Parent pursuant to <U>Section 11.04(b)(i)</U> or <U>Section
11.04(b)(ii)</U>, Parent and Merger Subsidiary shall be precluded from any other remedy against the Company, at law or in equity
or otherwise, and neither Parent nor Merger Subsidiary shall seek to obtain any recovery, judgment, or damages of any kind, including
consequential, indirect, or punitive damages, against the Company or any of the Company&rsquo;s Subsidiaries or any of their respective
directors, officers, employees, partners, managers, members, stockholders or Affiliates or their respective Representatives in
connection with this Agreement or the transactions contemplated hereby.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(vi)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>In no event shall Parent be required to pay the Parent Termination Fee on more than one occasion. The Company agrees that
if the Parent Termination Fee is paid in full to the Company pursuant to <U>Section 11.04(b)(iii)</U> or Section <U>11.04(b)(iv)</U>,
then the Company shall be precluded from any other remedy against Parent or Merger Subsidiary, at law or in equity or otherwise,
and the Company shall not seek to obtain any recovery, judgment, or damages of any kind, including consequential, indirect, or
punitive damages, against Parent, Merger Subsidiary or any of their respective Subsidiaries or any of their respective directors,
officers, employees, partners, managers, members, stockholders or Affiliates or their respective Representatives in connection
with this Agreement or the transactions contemplated hereby.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 11.05.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>Disclosure Letter References. </I>Notwithstanding anything to the contrary herein, the parties hereto agree that any
reference in a particular Section of the Company Disclosure Letter shall be deemed to be an exception to (or, as applicable, a
disclosure for purposes of) the representations, warranties, covenants, agreements or other provisions hereof of the relevant party
that are contained in the corresponding Section of this Agreement, and any other representations, warranties, covenants, agreements
or other provisions hereof of such party that is contained in this Agreement, but only if the relevance of that reference as an
exception to (or a disclosure for purposes of) such representations, warranties, covenants, agreements and other provisions hereof,
would be reasonably apparent on its face. The mere inclusion of an item in the Company Disclosure Letter as an exception to a representation,
warranty, covenant, agreement or other provision hereof shall not be deemed an admission that such item represents a material exception
or material fact, event or circumstance or that such item has had or would reasonably be expected to have a Material Adverse Effect
on the Company.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 11.06.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>Binding Effect; Benefit; Assignment. </I></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The provisions of this Agreement shall be binding upon, shall inure to the benefit of and shall be enforceable by the parties
hereto and their respective successors and permitted assigns. Except as provided in <U>Article 2</U> and <U>Section&nbsp;7.03</U>,
no provision of this Agreement is intended to confer any rights, benefits, remedies, obligations or liabilities hereunder upon
any Person other than the parties hereto and their respective successors and permitted assigns.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>No party may assign, delegate or otherwise transfer, by operation of law or otherwise, any of its rights or obligations
under this Agreement without the consent of each other party hereto, except that Parent or Merger Subsidiary may transfer or assign
all (but not less than all) of its rights and obligations under this Agreement to one of its wholly-owned Subsidiaries at any
time and Parent may transfer the shares of capital stock of Merger Subsidiary to one of its wholly-owned, direct or indirect,
Subsidiaries at any time; <U>provided</U>, that no such transfer or assignment shall relieve Parent or Merger Subsidiary of its
obligations hereunder or enlarge, alter or change any obligation of any other party hereto or due to Parent or Merger Subsidiary.
Any purported assignment not permitted under this <U>Section&nbsp;11.06(b)</U> shall be null and void.</P>

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 11.07.
 &nbsp;&nbsp;&nbsp;&nbsp; <I>Governing Law. </I>This Agreement shall be governed by and construed in accordance with the laws
of the State of Delaware, without regard to the conflicts of law rules of such State.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 11.08.
 &nbsp;&nbsp;&nbsp;&nbsp; <I>Consent to Jurisdiction. </I>Each of Parent, Merger Subsidiary and the Company irrevocably
submits to the exclusive jurisdiction of the Court of Chancery of the State of Delaware, New Castle County, for the purposes
of any suit, action or other proceeding arising out of this Agreement, the other agreements contemplated hereby or any
transaction contemplated hereby (or, if the Court of Chancery of the State of Delaware declines to accept jurisdiction over
any such suit, action or other proceeding, any state or federal court within the State of Delaware) (the &ldquo;<B>Chosen
Court</B>&rdquo;). Each of Parent, Merger Subsidiary and the Company agrees to commence any action, suit or proceeding
relating hereto in the applicable Chosen Court pursuant to the immediately preceding sentence. Each of Parent, Merger
Subsidiary and the Company further agrees that service of any process, summons, notice or document by U.S. registered mail to
such party&rsquo;s respective address set forth above shall be effective service of process for any action, suit or
proceeding in Delaware with respect to any matters to which it has submitted to jurisdiction in this <U>Section 11.08</U>.
Each of Parent, Merger Subsidiary and the Company irrevocably and unconditionally waives any objection to the laying of venue
of any action, suit or proceeding arising out of this Agreement or the transactions contemplated hereby in the applicable
Chosen Court, and hereby further irrevocably and unconditionally waives and agrees not to plead or claim in any such court
that any such action, suit or proceeding brought in any such court has been brought in an inconvenient forum. Each of Parent,
Merger Subsidiary and the Company irrevocably waives any objections or immunities to jurisdiction to which it may otherwise
be entitled or become entitled (including sovereign immunity, immunity to pre-judgment attachment, post-judgment attachment
and execution) in any legal suit, action or proceeding against it arising out of or relating to this Agreement or the
transactions contemplated hereby which is instituted in any such court. The parties agree that a final trial court judgment
in any such suit, action or other proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the
judgment or in any other manner provided by Applicable Law; <U>provided</U>, <U>however</U>, that nothing in the foregoing
shall restrict any party&rsquo;s rights to seek any post-judgment relief regarding, or any appeal from, such final trial
court judgment. Each of the parties hereto agrees that service of process, summons, notice or document by registered mail
addressed to it at the addresses set forth in <U>Section 11.01</U> shall be effective service of process for any suit, action
or proceeding brought in any such court. The parties agree that service of process may also be effected by certified or
registered mail, return receipt requested, or by reputable overnight courier service, directed to the other party at the
addresses set forth herein in <U>Section 11.01</U>, and service so made shall be completed when received.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section
11.09.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT STYLE="text-transform: uppercase"><I>WAIVER
OF JURY TRIAL</I></FONT>. EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY WAIVES ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY
LEGAL PROCEEDING ARISING OUT OF OR RELATED TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 11.10.
 &nbsp;&nbsp;&nbsp;&nbsp; <I>Counterparts; Effectiveness. </I>This Agreement may be signed in any number of counterparts, each
of which shall be an original, with the same effect as if the signatures thereto and hereto were upon the same instrument.
This Agreement shall become effective when each party hereto shall have received a counterpart hereof signed by all of the
other parties hereto. Until and unless each party has received a counterpart hereof signed by the other party hereto, this
Agreement shall have no effect and no party shall have any right or obligation hereunder (whether by virtue of any other oral
or written agreement or other communication). Delivery of an executed counterpart of a signature page to this Agreement by
 &ldquo;.pdf&rdquo; format or scanned pages shall be effective as delivery of a manually executed counterpart to this
Agreement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 11.11.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>Entire Agreement; No Other Representations and Warranties. </I></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>This Agreement, including the Company Disclosure Letter, together with the Confidentiality Agreements, constitutes the entire
agreement between the parties with respect to the subject matter of this Agreement and supersedes all prior agreements and understandings,
both oral and written, between the parties with respect to the subject matter of this Agreement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Except for the representations and warranties made by the Company in <U>Article 4</U>, neither the Company nor any other
Person makes, and neither Parent nor Merger Subsidiary is relying on, any other express or implied representation or warranty with
respect to the Company or any of its Subsidiaries or with respect to any other information made available to Parent or Merger Subsidiary
in connection with the transactions contemplated by this Agreement. Neither the Company nor any other Person will have or be subject
to any liability or indemnification obligation to Parent, Merger Subsidiary or any other Person resulting from the distribution
to Parent or Merger Subsidiary, or Parent&rsquo;s or Merger Subsidiary&rsquo;s use of, any such information, including any information,
documents, projections, forecasts or other material made available to Parent or Merger Subsidiary in certain &ldquo;data rooms&rdquo;
or management presentations in expectation of the transactions contemplated by this Agreement, unless, and then only to the extent
that, any such information is expressly included in a representation or warranty contained in <U>Article 4</U>. The Company has
made available to Parent and Merger Subsidiary, and may continue to make available, certain estimates, projections and other forecasts
for the business of the Company and its Subsidiaries and certain plan and budget information. Each of Parent and Merger Subsidiary
acknowledges that these estimates, projections, forecasts, plans and budgets and the assumptions on which they are based were prepared
for specific purposes and may vary significantly from each other. Further, each of Parent and Merger Subsidiary acknowledges that
there are uncertainties inherent in attempting to make such estimates, projections, forecasts, plans and budgets, that Parent and
Merger Subsidiary are taking full responsibility for making their own evaluation of the adequacy and accuracy of all estimates,
projections, forecasts, plans and budgets so furnished to them (including the reasonableness of the assumptions underlying such
estimates, projections, forecasts, plans and budgets), and that neither Parent nor Merger Subsidiary is relying on any estimates,
projections, forecasts, plans or budgets furnished by the Company, its Subsidiaries or their respective Affiliates and Representatives,
and neither Parent nor Merger Subsidiary shall, and shall cause its Affiliates and their respective Representatives not to, hold
any such Person liable with respect thereto, to the fullest extent permitted by Applicable Law.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT> Except for the representations and warranties contained in <U>Article 5</U>, the Company acknowledges that none of Parent,
Merger Subsidiary or any other Person on behalf of Parent or Merger Subsidiary makes any other express or implied representation
or warranty with respect to Parent or Merger Subsidiary or with respect to any other information made available to the Company
in connection with the transactions contemplated by this Agreement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 11.12.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>Severability. </I>If any term, provision, covenant or restriction of this Agreement is held by a court of competent jurisdiction
or other Governmental Authority to be invalid, void or unenforceable, the remainder of the terms, provisions, covenants and restrictions
of this Agreement shall remain in full force and effect and shall in no way be affected, impaired or invalidated so long as the
economic or legal substance of the transactions contemplated hereby is not affected in any manner materially adverse to any party.
Upon such a determination, the parties shall negotiate in good faith to modify this Agreement so as to effect the original intent
of the parties as closely as possible in an acceptable manner in order that the transactions contemplated hereby be consummated
as originally contemplated to the fullest extent possible.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 11.13.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>Specific Performance. </I>The parties hereto agree that irreparable damage for which monetary damages, even if available,
would not be an adequate remedy would occur in the event that the parties hereto do not perform their obligations under the provisions
of this Agreement (including failing to take such actions as are required of them hereunder to consummate the Merger and the other
transactions contemplated by this Agreement) in accordance with its specified terms or otherwise breach such provisions. The parties
acknowledge and agree that the parties shall be entitled to an injunction or injunctions, specific performance or other equitable
relief to prevent breaches of this Agreement and to enforce specifically the terms and provisions hereof in the courts described
in <U>Section 11.08</U> without proof of damages or otherwise, this being in addition to any other remedy to which they are entitled
under this Agreement at law or in equity, and the right of specific enforcement is an integral part of the transactions contemplated
by this Agreement and without that right, neither the Company nor Parent would have entered into this Agreement. Each of the parties
hereto agrees that it will not oppose the granting of an injunction, specific performance and other equitable relief on the basis
that the other parties hereto have an adequate remedy at law or an award of specific performance is not an appropriate remedy for
any reason at law or in equity. The parties hereto acknowledge and agree that any party seeking an injunction or injunctions to
prevent breaches of this Agreement and to enforce specifically the terms and provisions of this Agreement in accordance with this
<U>Section 11.13</U> shall not be required to provide any bond or other security in connection with any such order or injunction.
If, prior to the End Date, any party brings any suit, action or proceeding, in each case in accordance with <U>Section 11.08</U>,
to prevent breaches of this Agreement and to enforce specifically the terms and provisions hereof, the End Date shall automatically
be extended by (A) the amount of time during which such suit, action or proceeding is pending, plus twenty (20) Business Days or
(B) such other time period established by the court presiding over such suit, action or proceeding, as the case may be; <U>provided</U>,
that nothing in this sentence shall limit the right of any party hereto to validly terminate this Agreement pursuant to <U>Section
10.01</U> (other than, with respect to <U>Section 10.01(b)(i)</U>, the extension of the End Date as provided by this sentence).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><I>[The remainder of this page has been
intentionally left blank</I>; <I>the next<BR>
page is the signature page.]</I></P>

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.75in">IN WITNESS WHEREOF,
the parties hereto have caused this Agreement to be duly executed by their respective authorized officers as of the date set forth
on the cover page of this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.75in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; text-transform: uppercase"><B>Sportsman&rsquo;s Warehouse Holdings, Inc.</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">By:</TD>
    <TD COLSPAN="2" STYLE="text-align: left; border-bottom: Black 1pt solid">/s/ Jon Barker</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left; width: 50%">&nbsp;</TD>
    <TD STYLE="width: 3%; text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left; width: 5%">Name:</TD>
    <TD STYLE="text-align: left; width: 42%">Jon Barker</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Title:</TD>
    <TD STYLE="text-align: left">President and Chief Executive Officer</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: left"><B>GREAT OUTDOORS GROUP, LLC</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">By:</TD>
    <TD COLSPAN="2" STYLE="text-align: left; border-bottom: Black 1pt solid">/s/ John L. Morris</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Name:</TD>
    <TD STYLE="text-align: left">John L. Morris</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Title:</TD>
    <TD STYLE="text-align: left">Chief Executive Officer</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: left"><B>PHOENIX MERGER SUB I, INC.</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">By:</TD>
    <TD COLSPAN="2" STYLE="text-align: left; border-bottom: Black 1pt solid">/s/ John L. Morris</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Name:</TD>
    <TD STYLE="text-align: left">John L. Morris</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Title:</TD>
    <TD STYLE="text-align: left">Chief Executive Officer</TD></TR>
</TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">[Signature Page to Agreement and Plan of Merger]</P>

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

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

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    <!-- Field: /Page -->

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 10.5pt"><B><U>Amended and Restated
Certificate of Incorporation of Surviving Corporation</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 10.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 10.5pt">&nbsp;</P>

<!-- Field: Page; Sequence: 78; Options: NewSection; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">Ex. A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->1<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page --><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 10.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right; text-indent: 10.5pt">EXHIBIT A</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 10.5pt">&nbsp;</P>

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

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

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SPORTSMAN&rsquo;S WAREHOUSE HOLDINGS,
INC.</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>FIRST</B>: The name
of the corporation (which is hereinafter referred to as the &ldquo;<U>Corporation</U>&rdquo;) is Sportsman&rsquo;s Warehouse Holdings,
Inc.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>SECOND</B>: The
registered office of the Corporation in the State of Delaware is located at 1209 Orange Street, in the City of Wilmington, County
of New Castle, 19801. The registered agent at such address is The Corporation Trust Company.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>THIRD</B>: The purpose
of the Corporation is to engage in any lawful act or activity for which corporations may be organized under the General Corporation
Law of the State of Delaware (the &ldquo;<U>DGCL</U>&rdquo;).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>FOURTH</B>: The
total number of shares of capital stock which the Corporation shall have authority to issue is 1,000, all of which shares shall
be common stock having a par value of $0.01 per share.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>FIFTH</B>: The business
and affairs of the Corporation shall be managed by or under the direction of the Corporation&rsquo;s board of directors (the &ldquo;<U>Board</U>&rdquo;).
The number of directors of the Corporation shall be fixed from time to time by the Board. Unless and except to the extent that
the bylaws of the Corporation so require, the election of directors of the Corporation need not be by written ballot.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>SIXTH</B>: In furtherance
and not in limitation of the powers conferred upon it by law, the Board is expressly authorized to adopt, amend or repeal the bylaws
of the Corporation.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>SEVENTH</B>: No
director shall be personally liable to the Corporation or to any of its stockholders for monetary damages for breach of fiduciary
duty as a director, except to the extent such elimination from liability or limitation thereof is not permitted under the DGCL
as the same exists or may hereafter be amended. If the DGCL is amended hereafter to authorize the further elimination or limitation
of the liability of directors, then the liability of a director of the Corporation shall be eliminated or limited to the fullest
extent authorized by the DGCL, as so amended. Any repeal or modification of this Article Seventh, because of amendments or modifications
of the DGCL or otherwise, shall not adversely affect any right or protection of a director of the Corporation existing at the time
of such repeal or modification with respect to acts or omissions occurring prior to the effective date of such repeal or modification.</P>

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

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

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page --><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>EIGHTH: </B>Unless
the Corporation consents in writing to the selection of an alternative forum, the Court of Chancery of the State of Delaware shall,
to the fullest extent permitted by law, be the sole and exclusive forum for (a) any derivative action or proceeding brought on
behalf of the Corporation, (b) any action asserting a claim of breach of a fiduciary duty owed by any director, officer, employee
or agent of the Corporation to the Corporation or the Corporation&rsquo;s stockholders, (c) any action asserting a claim arising
pursuant to any provision of the DGCL, or (d) any action asserting a claim governed by the internal affairs doctrine. Any person
or entity purchasing or otherwise acquiring or holding any interest in shares of the capital stock of the Corporation shall be
deemed to have notice of and consented to the provisions of this Article Eighth.</P>

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

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

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page --><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>IN WITNESS WHEREOF</B>,
the undersigned, being the incorporator hereinbefore named, has executed this Amended and Restated Certificate of Incorporation
this ____ day of ________, 2021.</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 51%">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; width: 3%"><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; width: 46%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">Name:</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">Title:</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

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

<!-- Field: Page; Sequence: 81 -->
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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page --><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;&nbsp;</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 10.5pt"><B><U>Amended and Restated
Bylaws of Surviving Corporation</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 10.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 10.5pt">&nbsp;</P>

<!-- Field: Page; Sequence: 82; Options: NewSection; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">Ex. B-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->1<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page --><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 10.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right; text-indent: 10.5pt">EXHIBIT B</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 10.5pt">&nbsp;</P>

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

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

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

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

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase">SPORTSMAN&rsquo;S
WAREHOUSE HOLDINGS, INC.</FONT></P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; vertical-align: baseline"><B>Section
1.01<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Offices.</B></FONT> The address of the registered
office of Sportsman&rsquo;s Warehouse Holdings, Inc. (hereinafter called the &quot;<B>Corporation</B>&quot;) in the State of Delaware
shall be the registered office set forth in the Corporation&rsquo;s Certificate of Incorporation (the &quot;<B>Certificate of Incorporation</B>&quot;).
The Corporation may have other offices, both within and without the State of Delaware, as the board of directors of the Corporation
(the &quot;<B>Board of Directors</B>&quot;) from time to time shall determine or the business of the Corporation may require.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; vertical-align: baseline"><B>Section
1.02<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Books and Records.</B></FONT> Any records administered
by or on behalf of the Corporation in the regular course of its business, including its stock ledger, books of account, and minute
books, may be maintained on any information storage device, method, or one or more electronic networks or databases (including
one or more distributed electronic networks or databases); <U>provided</U>, that the records so kept can be converted into clearly
legible paper form within a reasonable time, and, with respect to the stock ledger, the records so kept comply with Section 224
of the Delaware General Corporation Law. The Corporation shall so convert any records so kept upon the request of any person entitled
to inspect such records pursuant to applicable law.</P>

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

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in">ARTICLE II<FONT STYLE="text-transform: uppercase"><BR>
Meetings of the Stockholders</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; vertical-align: baseline"><B>Section
2.01<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Place of Meetings.</B></FONT> All meetings of the
stockholders shall be held at such place, if any, either within or without the State of Delaware, or by means of remote communication,
as shall be designated from time to time by resolution of the Board of Directors and stated in the notice of meeting.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; vertical-align: baseline"><B>Section
2.02<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Annual Meeting.</B></FONT> The annual meeting of
the stockholders for the election of directors and for the transaction of such other business as may properly come before the meeting
shall be held at such date, time and place, if any, as shall be determined by the Board of Directors and stated in the notice of
the meeting.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; vertical-align: baseline"><B>Section
2.03<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Special Meetings.</B></FONT> Special meetings of
stockholders for any purpose or purposes shall be called pursuant to a resolution approved by the Board of Directors and may not
be called by any other person or persons. The only business which may be conducted at a special meeting shall be the matter or
matters set forth in the notice of such meeting.</P>

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

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; vertical-align: baseline"><B>Section
2.04<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Adjournments.</B></FONT> Any meeting of the stockholders,
annual or special, may be adjourned from time to time to reconvene at the same or some other place, if any, and notice need not
be given of any such adjourned meeting if the time, place, if any, thereof, and the means of remote communication, if any, are
announced at the meeting at which the adjournment is taken. At the adjourned meeting, the Corporation may transact any business
which might have been transacted at the original meeting. If the adjournment is for more than 30 days, a notice of the adjourned
meeting shall be given to each stockholder of record entitled to vote at the meeting. If after the adjournment a new record date
is fixed for stockholders entitled to vote at the adjourned meeting, the Board of Directors shall fix a new record date for notice
of the adjourned meeting and shall give notice of the adjourned meeting to each stockholder of record entitled to vote at the adjourned
meeting as of the record date fixed for notice of the adjourned meeting.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; vertical-align: baseline"><B>Section
2.05<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Notice of Meetings.</B></FONT> Notice of the place,
if any, date, hour, the record date for determining the stockholders entitled to vote at the meeting (if such date is different
from the record date for stockholders entitled to notice of the meeting) and means of remote communication, if any, of every meeting
of stockholders shall be given by the Corporation not less than 10 days nor more than 60 days before the meeting (unless a different
time is specified by law) to every stockholder entitled to vote at the meeting as of the record date for determining the stockholders
entitled to notice of the meeting. Notices of special meetings shall also specify the purpose or purposes for which the meeting
has been called. Notices of meetings to stockholders may be given by mailing the same, addressed to the stockholder entitled thereto,
at such stockholder's mailing address as it appears on the records of the Corporation and such notice shall be deemed to be given
when deposited in the U.S. mail, postage prepaid. Without limiting the manner by which notices of meetings otherwise may be given
effectively to stockholders, any such notice may be given by electronic transmission in accordance with applicable law. Notice
of any meeting need not be given to any stockholder who shall, either before or after the meeting, submit a waiver of notice or
who shall attend such meeting, except when the stockholder attends for the express purpose of objecting, at the beginning of the
meeting, to the transaction of any business because the meeting is not lawfully called or convened. Any stockholder so waiving
notice of the meeting shall be bound by the proceedings of the meeting in all respects as if due notice thereof had been given.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; vertical-align: baseline"><B>Section
2.06<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>List of Stockholders.</B></FONT> The Corporation
shall prepare a complete list of the stockholders entitled to vote at any meeting of stockholders (provided, however, if the record
date for determining the stockholders entitled to vote is less than ten days before the date of the meeting, the list shall reflect
the stockholders entitled to vote as of the tenth day before the meeting date), arranged in alphabetical order, and showing the
address of each stockholder and the number of shares of each class of capital stock of the Corporation registered in the name of
each stockholder at least ten days before any meeting of the stockholders. Such list shall be open to the examination of any stockholder,
for any purpose germane to the meeting, on a reasonably accessible electronic network if the information required to gain access
to such list was provided with the notice of the meeting or during ordinary business hours, at the principal place of business
of the Corporation for a period of at least ten days before the meeting. If the meeting is to be held at a place, the list shall
also be produced and kept at the time and place of the meeting the whole time thereof and may be inspected by any stockholder who
is present. If the meeting is held solely by means of remote communication, the list shall also be open for inspection by any stockholder
during the whole time of the meeting as provided by applicable law. Except as provided by applicable law, the stock ledger of the
Corporation shall be the only evidence as to who are the stockholders entitled to examine the stock ledger and the list of stockholders
or to vote in person or by proxy at any meeting of stockholders.</P>

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; vertical-align: baseline"><B>Section
2.07<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Quorum.</B></FONT> Unless otherwise required by law,
the Certificate of Incorporation or these by-laws, at each meeting of the stockholders, a majority in voting power of the shares
of the Corporation entitled to vote at the meeting, present in person or represented by proxy, shall constitute a quorum. If, however,
such quorum shall not be present or represented at any meeting of the stockholders, the stockholders entitled to vote thereat,
present in person or represented by proxy, shall have power, by the affirmative vote of a majority in voting power thereof, to
adjourn the meeting from time to time, in the manner provided in Section 2.04, until a quorum shall be present or represented.
A quorum, once established, shall not be broken by the subsequent withdrawal of enough votes to leave less than a quorum. At any
such adjourned meeting at which there is a quorum, any business may be transacted that might have been transacted at the meeting
originally called.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; vertical-align: baseline"><B>Section
2.08<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Conduct of Meetings.</B></FONT> The Board of Directors
may adopt by resolution such rules and regulations for the conduct of the meeting of the stockholders as it shall deem appropriate.
At every meeting of the stockholders, the president, or in his or her absence or inability to act, the person whom the president
shall appoint, shall act as chair of, and preside at, the meeting. The secretary or, in his or her absence or inability to act,
the person whom the chair of the meeting shall appoint secretary of the meeting, shall act as secretary of the meeting and keep
the minutes thereof. Except to the extent inconsistent with such rules and regulations as adopted by the Board of Directors, the
chair of any meeting of the stockholders shall have the right and authority to prescribe such rules, regulations, and procedures
and to do all such acts as, in the judgment of such chair, are appropriate for the proper conduct of the meeting. Such rules, regulations,
or procedures, whether adopted by the Board of Directors or prescribed by the chair of the meeting, may include, without limitation,
the following: (a) the establishment of an agenda or order of business for the meeting; (b) the determination of when the polls
shall open and close for any given matter to be voted on at the meeting; (c) rules and procedures for maintaining order at the
meeting and the safety of those present; (d) limitations on attendance at or participation in the meeting to stockholders of record
of the Corporation, their duly authorized and constituted proxies or such other persons as the chair of the meeting shall determine;
(e) restrictions on entry to the meeting after the time fixed for the commencement thereof; and (f) limitations on the time allotted
to questions or comments by participants.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; vertical-align: baseline"><B>Section
2.09<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Voting; Proxies.</B></FONT> Unless otherwise required
by law or the Certificate of Incorporation, the election of directors shall be decided by a plurality of the votes cast at a meeting
of the stockholders by the holders of stock entitled to vote in the election. Unless otherwise required by law, the Certificate
of Incorporation, or these by-laws, any matter, other than the election of directors, brought before any meeting of stockholders
shall be decided by the affirmative vote of the majority of shares present in person or represented by proxy at the meeting and
entitled to vote on the matter. Each stockholder entitled to vote at a meeting of stockholders or to express consent to corporate
action without a meeting may authorize another person or persons to act for such stockholder by proxy, but no such proxy shall
be voted or acted upon after three years from its date, unless the proxy provides for a longer period. A proxy shall be irrevocable
if it states that it is irrevocable and if, and only as long as, it is coupled with an interest sufficient in law to support an
irrevocable power. A stockholder may revoke any proxy which is not irrevocable by attending the meeting and voting in person or
by delivering to the secretary of the Corporation a revocation of the proxy or a new proxy bearing a later date. Voting at meetings
of stockholders need not be by written ballot.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; vertical-align: baseline"><B>Section
2.10<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Inspectors at Meetings of Stockholders.</B></FONT>
The Board of Directors, in advance of any meeting of stockholders, may, and shall if required by law, appoint one or more inspectors,
who may be employees of the Corporation, to act at the meeting or any adjournment thereof and make a written report thereof. The
Board of Directors may designate one or more persons as alternate inspectors to replace any inspector who fails to act. If no inspector
or alternate is able to act at a meeting, the person presiding at the meeting shall appoint one or more inspectors to act at the
meeting. Each inspector, before entering upon the discharge of his or her duties, shall take and sign an oath faithfully to execute
the duties of inspector with strict impartiality and according to the best of his or her ability. The inspectors shall (a) ascertain
the number of shares outstanding and the voting power of each, (b) determine the shares represented at the meeting, the existence
of a quorum and the validity of proxies and ballots, (c) count all votes and ballots, (d) determine and retain for a reasonable
period a record of the disposition of any challenges made to any determination by the inspectors, and (e) certify their determination
of the number of shares represented at the meeting and their count of all votes and ballots. The inspectors may appoint or retain
other persons or entities to assist the inspectors in the performance of their duties. Unless otherwise provided by the Board of
Directors, the date and time of the opening and the closing of the polls for each matter upon which the stockholders will vote
at a meeting shall be announced at the meeting. No ballot, proxies, votes, or any revocation thereof or change thereto, shall be
accepted by the inspectors after the closing of the polls unless the Court of Chancery of the State of Delaware upon application
by a stockholder shall determine otherwise. In determining the validity and counting of proxies and ballots cast at any meeting
of stockholders, the inspectors may consider such information as is permitted by applicable law. No person who is a candidate for
office at an election may serve as an inspector at such election.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; vertical-align: baseline"><B>Section
2.11<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Consent of Stockholders Without a Meeting.</B></FONT>
Any action to be taken at any annual or special meeting of stockholders may be taken without a meeting, without prior notice and
without a vote, if a consent or consents in writing or by electronic transmission, setting forth the action to be so taken, shall
be signed by the holders of outstanding stock having not less than the minimum number of votes that would be necessary to authorize
or take such action at a meeting at which all shares entitled to vote thereon were present and voted and shall be delivered to
the Corporation by delivery to its registered office in the State of Delaware (by hand or by certified or registered mail, return
receipt requested), its principal place of business, an officer or agent of the Corporation having custody of the book in which
proceedings of meetings of stockholders are recorded, or to an information processing system designated by the Corporation for
receiving such consents in accordance with applicable law. Every consent shall bear the date of signature of each stockholder who
signs the consent, and no written consent shall be effective to take the corporate action referred to therein unless, within 60
days of the earliest dated consent delivered in the manner required by this Section 2.11, consents signed by a sufficient number
of holders to take action are delivered to the Corporation as aforesaid. Prompt notice of the taking of the corporate action without
a meeting by less than unanimous consent shall, to the extent required by applicable law, be given to those stockholders who have
not consented in writing, and who, if the action had been taken at a meeting, would have been entitled to notice of the meeting
if the record date for notice of such meeting had been the date that consents signed by a sufficient number of holders to take
the action were delivered to the Corporation.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="vertical-align: baseline"><B>Section
2.12<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Fixing the Record Date.</B></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>In order that the Corporation may determine the stockholders entitled to notice of or to vote at any meeting of stockholders
or any adjournment thereof, the Board of Directors may fix a record date, which record date shall not precede the date upon which
the resolution fixing the record date is adopted by the Board of Directors, and which record date shall not be more than 60 nor
less than ten days before the date of such meeting. If the Board of Directors so fixes a date, such date shall also be the record
date for determining the stockholders entitled to vote at such meeting unless the Board of Directors determines, at the time it
fixes such record date, that a later date on or before the date of the meeting shall be the date for making such determination.
If no record date is fixed by the Board of Directors, the record date for determining stockholders entitled to notice of or to
vote at a meeting of stockholders shall be at the close of business on the day next preceding the day on which notice is given,
or, if notice is waived, at the close of business on the day next preceding the day on which the meeting is held. A determination
of stockholders of record entitled to notice of or to vote at a meeting of stockholders shall apply to any adjournment of the meeting;
<I>provided, however,</I> that the Board of Directors may fix a new record date for the determination of stockholders entitled
to vote at the adjourned meeting and in such case shall also fix as the record date for stockholders entitled to notice of such
adjourned meeting the same or an earlier date as that fixed for the determination of stockholders entitled to vote therewith at
the adjourned meeting.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>In order that the Corporation may determine the stockholders entitled to consent to corporate action without a meeting,
the Board of Directors may fix a record date, which record date shall not precede the date upon which the resolution fixing the
record date is adopted by the Board of Directors, and which record date shall not be more than ten days after the date upon which
the resolution fixing the record date is adopted by the Board of Directors. If no record date has been fixed by the Board of Directors,
the record date for determining stockholders entitled to consent to corporate action without a meeting: (i) when no prior action
by the Board of Directors is required by law, the record date for such purpose shall be the first date on which a signed consent
setting forth the action taken or proposed to be taken is delivered to the Corporation by delivery (by hand, or by certified or
registered mail, return receipt requested) to its registered office in the State of Delaware, its principal place of business,
or an officer or agent of the Corporation having custody of the book in which proceedings of meetings of stockholders are recorded
and (ii) if prior action by the Board of Directors is required by law, the record date for such purpose shall be at the close of
business on the day on which the Board of Directors adopts the resolution taking such prior action.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT> In order that the Corporation may determine the stockholders entitled to receive payment of any dividend or other distribution
or allotment of any rights or the stockholders entitled to exercise any rights in respect of any change, conversion, or exchange
of stock, or for the purpose of any other lawful action, the Board of Directors may fix a record date, which record date shall
not precede the date upon which the resolution fixing the record date is adopted, and which record date shall be not more than
60 days prior to such action. If no record date is fixed, the record date for determining stockholders for any such purpose shall
be at the close of business on the day on which the Board of Directors adopts the resolution relating thereto.</P>

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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in">ARTICLE III<FONT STYLE="text-transform: uppercase"><BR>
Board of Directors</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; vertical-align: baseline"><B>Section
3.01<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>General Powers.</B></FONT> The business and affairs
of the Corporation shall be managed by or under the direction of the Board of Directors. The Board of Directors may adopt such
rules and procedures, not inconsistent with the Certificate of Incorporation, these by-laws, or applicable law, as it may deem
proper for the conduct of its meetings and the management of the Corporation.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; vertical-align: baseline"><B>Section
3.02<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Number; Term of Office.</B></FONT> The Board of Directors
shall consist of at least one (1) member. Each director shall hold office until a successor is duly elected and qualified or until
the director's earlier death, resignation, disqualification, or removal.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; vertical-align: baseline"><B>Section
3.03<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Newly Created Directorships and Vacancies.</B></FONT>
Any newly created directorships resulting from an increase in the authorized number of directors and any vacancies occurring in
the Board of Directors, may be filled by the affirmative vote of a majority of the remaining members of the Board of Directors,
although less than a quorum, or by a sole remaining director. A director so elected shall be elected to hold office until the earlier
of the expiration of the term of office of the director whom he or she has replaced, a successor is duly elected and qualified,
or the earlier of such director's death, resignation or removal.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; vertical-align: baseline"><B>Section
3.04<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Resignation.</B></FONT> Any director may resign at
any time by notice given either in writing or by electronic transmission to the Corporation. Such resignation shall take effect
at the date of receipt of such notice by the Corporation or at such later time as is therein specified. A verbal resignation shall
not be deemed effective until confirmed by the director in writing or by electronic transmission to the Corporation.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; vertical-align: baseline"><B>Section
3.05<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Removal.</B></FONT> Except as prohibited by applicable
law or the Certificate of Incorporation, the stockholders entitled to vote in an election of directors may remove any director
from office at any time, with or without cause, by the affirmative vote of a majority in voting power thereof.</P>

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

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; vertical-align: baseline"><B>Section
3.06<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Fees and Expenses.</B></FONT> Directors shall receive
such fees and expenses as the Board of Directors shall from time to time prescribe.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="vertical-align: baseline"><B>Section
3.07<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B></FONT><B>Regular Meetings.</B> Regular meetings
of the Board of Directors may be held without notice at such times and at such places as may be determined from time to time by
the Board of Directors.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; vertical-align: baseline"><B>Section
3.08<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Special Meetings.</B></FONT> Special meetings of
the Board of Directors may be held at such times and at such places as may be determined by the president on at least 24 hours'
notice to each director given by one of the means specified in Section 3.11 hereof other than by mail or on at least three days'
notice if given by mail. Special meetings shall be called by the president in like manner and on like notice on the written request
of any two or more directors.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; vertical-align: baseline"><B>Section
3.09<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Telephone Meetings.</B></FONT> Board of Directors&rsquo;
meetings or Board of Directors&rsquo; committee meetings may be held by means of telephone conference or other communications equipment
by means of which all persons participating in the meeting can hear each other and be heard. Participation by a director in a meeting
pursuant to this Section 3.09 shall constitute presence in person at such meeting.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; vertical-align: baseline"><B>Section
3.10<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Adjourned Meetings.</B></FONT> A majority of the
directors present at any meeting of the Board of Directors, including an adjourned meeting, whether or not a quorum is present,
may adjourn and reconvene such meeting to another time and place. At least 24 hours' notice of any adjourned meeting of the Board
of Directors shall be given to each director whether or not present at the time of the adjournment, if such notice shall be given
by one of the means specified in Section 3.11 hereof other than by mail, or at least three days' notice if by mail. Any business
may be transacted at an adjourned meeting that might have been transacted at the meeting as originally called.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; vertical-align: baseline"><B>Section
3.11<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Notices.</B></FONT> Subject to Section 3.08, Section
3.10, and Section 3.12 hereof, whenever notice is required to be given to any director by applicable law, the Certificate of Incorporation,
or these by-laws, such notice shall be deemed given effectively if given in person or by telephone, mail addressed to such director
at such director's address as it appears on the records of the Corporation, facsimile, email, or by other means of electronic transmission.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; vertical-align: baseline"><B>Section
3.12<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Waiver of Notice.</B></FONT> Whenever notice to directors
is required by applicable law, the Certificate of Incorporation, or these by-laws, a waiver thereof, in writing signed by, or by
electronic transmission by, the director entitled to the notice, whether before or after such notice is required, shall be deemed
equivalent to notice. Attendance by a director at a meeting shall constitute a waiver of notice of such meeting except when the
director attends a meeting for the express purpose of objecting, at the beginning of the meeting, to the transaction of any business
on the ground that the meeting was not lawfully called or convened. Neither the business to be transacted at, nor the purpose of,
any regular or special meeting of the Board of Directors or meeting of a committee of the Board of Directors need be specified
in any waiver of notice.</P>

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

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; vertical-align: baseline"><B>Section
3.13<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Organization.</B></FONT> At each meeting of the Board
of Directors, a director selected by the Board of Directors shall preside. The secretary shall act as secretary at each meeting
of the Board of Directors. If the secretary is absent from any meeting of the Board of Directors, an assistant secretary shall
perform the duties of secretary at such meeting; and in the absence from any such meeting of the secretary and all assistant secretaries,
the person presiding at the meeting may appoint any person to act as secretary of the meeting.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; vertical-align: baseline"><B>Section
3.14<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Quorum of Directors.</B></FONT> Except as otherwise
permitted by the Certificate of Incorporation, these by-laws, or applicable law, the presence of a majority of the Board of Directors
shall be necessary and sufficient to constitute a quorum for the transaction of business at any meeting of the Board of Directors.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; vertical-align: baseline"><B>Section
3.15<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Action by Majority Vote.</B></FONT> Except as otherwise
expressly required by these by-laws, the Certificate of Incorporation, or by applicable law, the vote of a majority of the directors
present at a meeting at which a quorum is present shall be the act of the Board of Directors.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; vertical-align: baseline"><B>Section
3.16<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Action Without Meeting.</B></FONT> Unless otherwise
restricted by the Certificate of Incorporation or these by-laws, any action required or permitted to be taken at any meeting of
the Board of Directors or of any committee thereof may be taken without a meeting if all directors or members of such committee,
as the case may be, consent thereto in writing or by electronic transmission. After an action is taken, the consent or consents
relating thereto shall be filed with the minutes of proceedings of the Board of Directors or committee in accordance with applicable
law.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; vertical-align: baseline"><B>Section
3.17<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Committees of the Board of Directors.</B></FONT>
The Board of Directors may designate one or more committees, each committee to consist of one or more of the directors of the Corporation.
The Board of Directors may designate one or more directors as alternate members of any committee, who may replace any absent or
disqualified member at any meeting of the committee. If a member of a committee shall be absent from any meeting, or disqualified
from voting thereat, the remaining member or members present at the meeting and not disqualified from voting, whether or not such
member or members constitute a quorum, may unanimously appoint another member of the Board of Directors to act at the meeting in
the place of any such absent or disqualified member. Any such committee, to the extent permitted by applicable law, shall have
and may exercise all the powers and authority of the Board of Directors in the management of the business and affairs of the Corporation
and may authorize the seal of the Corporation to be affixed to all papers that may require it to the extent so authorized by the
Board of Directors. Unless the Board of Directors provides otherwise, at all meetings of such committee, a majority of the then
authorized members of the committee shall constitute a quorum for the transaction of business, and the vote of a majority of the
members of the committee present at any meeting at which there is a quorum shall be the act of the committee. Each committee shall
keep regular minutes of its meetings. Unless the Board of Directors provides otherwise, each committee designated by the Board
of Directors may make, alter, and repeal rules and procedures for the conduct of its business. In the absence of such rules and
procedures each committee shall conduct its business in the same manner as the Board of Directors conducts its business pursuant
to this Article III.</P>

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

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

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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in">ARTICLE IV<FONT STYLE="text-transform: uppercase"><BR>
Officers </FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="vertical-align: baseline"><B>Section
4.01<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B></FONT><B>Positions and Election.</B> The officers
of the Corporation shall be elected annually by the Board of Directors and shall include a president, a treasurer, and a secretary.
The Board of Directors, in its discretion, may also elect one or more vice chairs (who must be directors), and one or more vice
presidents, assistant treasurers, assistant secretaries, and other officers. Any two or more offices may be held by the same person.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; vertical-align: baseline"><B>Section
4.02<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Term.</B></FONT> Each officer of the Corporation
shall hold office until such officer's successor is elected and qualified or until such officer's earlier death, resignation, or
removal. Any officer elected or appointed by the Board of Directors may be removed by the Board of Directors at any time, with
or without cause, by the majority vote of the members of the Board of Directors then in office. The removal of an officer shall
be without prejudice to his or her contract rights, if any. The election or appointment of an officer shall not of itself create
contract rights. Any officer of the Corporation may resign at any time by giving written notice of his or her resignation to the
president or the secretary. Any such resignation shall take effect at the time specified therein or, if the time when it shall
become effective shall not be specified therein, immediately upon its receipt. Unless otherwise specified therein, the acceptance
of such resignation shall not be necessary to make it effective. Should any vacancy occur among the officers, the position shall
be filled for the unexpired portion of the term by appointment made by the Board of Directors.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; vertical-align: baseline"><B>Section
4.03<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>The President.</B></FONT> The president shall have
general supervision over the business of the Corporation and other duties incident to the office of president, and any other duties
as may be from time to time assigned to the president by the Board of Directors and subject to the control of the Board of Directors
in each case.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; vertical-align: baseline"><B>Section
4.04<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Vice Presidents.</B></FONT> Each vice president shall
have such powers and perform such duties as may be assigned to him or her from time to time by the Board of Directors or the president.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; vertical-align: baseline"><B>Section
4.05<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>The Secretary.</B></FONT> The secretary shall attend
all sessions of the Board of Directors and all meetings of the stockholders and record all votes and the minutes of all proceedings
in a book to be kept for that purpose, and shall perform like duties for committees when required. He or she shall give, or cause
to be given, notice of all meetings of the stockholders and meetings of the Board of Directors, and shall perform such other duties
as may be prescribed by the Board of Directors or the president. The secretary shall keep in safe custody the seal of the Corporation
and have authority to affix the seal to all documents requiring it and attest to the same.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; vertical-align: baseline"><B>Section
4.06<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>The Treasurer.</B></FONT> The treasurer shall have
the custody of the corporate funds and securities, except as otherwise provided by the Board of Directors, and shall keep full
and accurate accounts of receipts and disbursements in books belonging to the Corporation and shall deposit all moneys and other
valuable effects in the name and to the credit of the Corporation in such depositories as may be designated by the Board of Directors.
The treasurer shall disburse the funds of the Corporation as may be ordered by the Board of Directors, taking proper vouchers for
such disbursements, and shall render to the president and the directors, at the regular meetings of the Board of Directors, or
whenever they may require it, an account of all his or her transactions as treasurer and of the financial condition of the Corporation.</P>

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

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="vertical-align: baseline"><B>Section
4.07<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B></FONT><B>Duties of Officers May Be Delegated.
</B>In case any officer is absent, or for any other reason that the Board of Directors may deem sufficient, the president or the
Board of Directors may delegate for the time being the powers or duties of such officer to any other officer or to any director.</P>

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

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in">ARTICLE V<FONT STYLE="text-transform: uppercase"><BR>
Stock Certificates and Their Transfer</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; vertical-align: baseline"><B>Section
5.01<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Certificates Representing Shares.</B></FONT> The
shares of stock of the Corporation shall be represented by certificates; provided that the Board of Directors may provide by resolution
or resolutions that some or all of any class or series shall be uncertificated shares that may be evidenced by a book-entry system
maintained by the registrar of such stock. If shares are represented by certificates, such certificates shall be in the form, other
than bearer form, approved by the Board of Directors. The certificates representing shares of stock of each class shall be signed
by, or in the name of, the Corporation by any two authorized officers of the Corporation. Any or all such signatures may be facsimiles.
Although any officer, transfer agent, or registrar whose manual or facsimile signature is affixed to such a certificate ceases
to be such officer, transfer agent, or registrar before such certificate has been issued, it may nevertheless be issued by the
Corporation with the same effect as if such officer, transfer agent, or registrar were still such at the date of its issue.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; vertical-align: baseline"><B>Section
5.02<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Transfers of Stock.</B></FONT> Stock of the Corporation
shall be transferable in the manner prescribed by law and in these by-laws. Transfers of stock shall be made on the books of the
Corporation only by the holder of record thereof, by such person's attorney lawfully constituted in writing and, in the case of
certificated shares, upon the surrender of the certificate thereof, which shall be cancelled before a new certificate or uncertificated
shares shall be issued. No transfer of stock shall be valid as against the Corporation for any purpose until it shall have been
entered in the stock records of the Corporation by an entry showing from and to whom transferred. To the extent designated by the
president or any vice president or the treasurer of the Corporation, the Corporation may recognize the transfer of fractional uncertificated
shares, but shall not otherwise be required to recognize the transfer of fractional shares.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; vertical-align: baseline"><B>Section
5.03<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Transfer Agents and Registrars.</B></FONT> The Board
of Directors may appoint, or authorize any officer or officers to appoint, one or more transfer agents and one or more registrars.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; vertical-align: baseline"><B>Section
5.04<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Lost, Stolen, or Destroyed Certificates.</B></FONT>
The Board of Directors may direct a new certificate or uncertificated shares to be issued in place of any certificate theretofore
issued by the Corporation alleged to have been lost, stolen, or destroyed upon the making of an affidavit of that fact by the owner
of the allegedly lost, stolen, or destroyed certificate. When authorizing such issue of a new certificate or uncertificated shares,
the Board of Directors may, in its discretion and as a condition precedent to the issuance thereof, require the owner of the lost,
stolen, or destroyed certificate, or the owner's legal representative to give the Corporation a bond sufficient to indemnify it
against any claim that may be made against the Corporation with respect to the certificate alleged to have been lost, stolen, or
destroyed or the issuance of such new certificate or uncertificated shares.</P>

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

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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in">ARTICLE VI<BR>
<FONT STYLE="text-transform: uppercase">General Provisions</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; vertical-align: baseline"><B>Section
6.01<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Seal.</B></FONT> The seal of the Corporation shall
be in such form as shall be approved by the Board of Directors. The seal may be used by causing it or a facsimile thereof to be
impressed or affixed or reproduced or otherwise, as may be prescribed by law or custom or by the Board of Directors.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; vertical-align: baseline"><B>Section
6.02<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Fiscal Year.</B></FONT> The fiscal year of the Corporation
shall be the calendar year unless otherwise determined by the Board of Directors.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; vertical-align: baseline"><B>Section
6.03<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Checks, Notes, Drafts, Etc.</B></FONT> All checks,
notes, drafts, or other orders for the payment of money of the Corporation shall be signed, endorsed, or accepted in the name of
the Corporation by such officer, officers, person, or persons as from time to time may be designated by the Board of Directors
or by an officer or officers authorized by the Board of Directors to make such designation.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; vertical-align: baseline"><B>Section
6.04<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Dividends.</B></FONT> Subject to applicable law and
the Certificate of Incorporation, dividends upon the shares of capital stock of the Corporation may be declared by the Board of
Directors at any regular or special meeting of the Board of Directors. Dividends may be paid in cash, in property, or in shares
of the Corporation's capital stock, unless otherwise provided by applicable law or the Certificate of Incorporation.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>Section 6.05<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B><B><FONT STYLE="font-family: Times New Roman, Times, Serif; vertical-align: baseline">Conflict with Applicable Law or
Certificate of Incorporation.</FONT></B> These by-laws are adopted subject to any applicable law and the Certificate of Incorporation.
Whenever these by-laws may conflict with any applicable law or the Certificate of Incorporation, such conflict shall be resolved
in favor of such law or the Certificate of Incorporation.</P>

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

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><FONT STYLE="vertical-align: baseline"><B>ARTICLE
VII</B></FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><FONT STYLE="vertical-align: baseline"><B>INDEMNIFICATION
AND ADVANCEMENT OF EXPENSES</B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>Section 7.01 Definitions.</B>
For purposes of this Article VII, the following terms shall have the meanings set forth below: (a) &ldquo;Action&rdquo; means any
threatened, pending or completed action, suit or proceeding, whether civil, criminal, administrative or investigative. (b) &ldquo;Indemnified
Party&rdquo; means any person who is or was a party or is threatened to be made a party to any Action by reason of the fact that
such person is or was a director or officer of the Corporation (which shall include actions taken in connection with or relating
to the incorporation of the Corporation) or, while a director or officer of the Corporation, is or was serving at the request of
the Corporation as a director, officer, employee or agent of another corporation, partnership, limited liability company, joint
venture, trust or other enterprise, including any employee benefit plan of the Corporation.</P>

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>Section 7.02 Indemnification.
</B>The Corporation shall indemnify and hold harmless, to the fullest extent permitted by applicable law as it presently exists
or may hereafter be amended, any Indemnified Party against any and all liability and loss suffered and expenses (including attorneys&rsquo;
fees) reasonably incurred by such Indemnified Party. Notwithstanding the preceding sentence, except as provided in Section 7.05
of this Article VII, the Corporation shall be required to indemnify an Indemnified Party in connection with an Action (or part
thereof) commenced by such Indemnified Party only if the commencement of such Action (or part thereof) by the Indemnified Party
was authorized in the specific case by the Board of Directors.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>Section 7.03 Determination.</B>
Any indemnification under this Article VII (unless ordered by a court) shall be made by the Corporation only as authorized in the
specific case upon a determination that the indemnification of Indemnified Party is proper in the circumstances because such Indemnified
Party has met the applicable standard of conduct required by applicable law, as the case may be. Such determination shall be made,
with respect to an Indemnified Party who is a director or officer at the time of such determination, (a) by a majority vote of
the directors who are not parties to such Action, even though less than a quorum, or (b) by a committee of such directors designated
by a majority vote of such directors, even though less than a quorum, or (c) if there are no such directors, or if such directors
so direct, by independent legal counsel in a written opinion or (d) by the stockholders. Such determination shall be made, with
respect to former directors or officers, by any person or persons having the authority to act on the matter on behalf of the Corporation.
To the extent, however, that a present or former Indemnified Party of the Corporation has been successful on the merits or otherwise
in defense of any Action or in defense of any claim, issue or matter therein, such Indemnified Party shall be indemnified against
expenses (including attorneys&rsquo; fees) actually and reasonably incurred by such Indemnified Party in connection therewith,
without the necessity of authorization in the specific case.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>Section 7.04 Expenses
Payable in Advance.</B> Expenses, including without limitation attorneys&rsquo; fees, incurred by an Indemnified Party in defending
any Action shall be paid by the Corporation in advance of the final disposition of such Action upon receipt of an undertaking by
or on behalf of such Indemnified Party to repay such amount if it shall ultimately be determined that such Indemnified Party is
not entitled to be indemnified by the Corporation as authorized in this Article VII.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>Section 7.05 Claim.</B>
If a claim for indemnification under this Article VII (following the final disposition of such proceeding) is not paid in full
within sixty (60) days after the Corporation has received a claim therefor by the Indemnified Party, or if a claim for any advancement
of expenses under this Article VII is not paid in full within thirty (30) days after the Corporation has received a statement or
statements requesting such amounts to be advanced, the Indemnified Party shall thereupon (but not before) be entitled to file suit
to recover the unpaid amount of such claim. If successful in whole or in part, the Indemnified Party shall be entitled to be paid
the expense of prosecuting such claim to the fullest extent permitted by law. In any such action, the Corporation shall have the
burden of proving that the Indemnified Party is not entitled to the requested indemnification or advancement of expenses under
applicable law.</P>

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>Section 7.06 Other
Indemnification or Advancement.</B> The rights to indemnification and advancement of expenses provided by this Article VII shall
not be construed to be exclusive of or limit any other rights to which any Indemnified Party or other person may be entitled under
the Certificate of Incorporation or any bylaw, agreement, vote of the stockholders or disinterested directors or otherwise, both
as to action in such Indemnified Party&rsquo;s official capacity and as to action in another capacity while holding office.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>Section 7.07 Insurance.</B>
The Corporation may purchase and maintain insurance in the amounts the Board of Directors deems appropriate or advisable on behalf
of any Indemnified Party against any liability asserted against such Indemnified Party and incurred by such Indemnified Party in
such Indemnified Party&rsquo;s capacity, or arising out of such Indemnified Party&rsquo;s status, as an Indemnified Party, whether
or not the Corporation would have the power to indemnify such Indemnified Party against such liability under applicable provisions
of law.</P>

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

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in">ARTICLE VII<FONT STYLE="text-transform: uppercase">I<BR>
Amendments</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; vertical-align: baseline"><B>Section
8.01 Amendments.</B></FONT> These by-laws may be adopted, amended, or repealed or new by-laws adopted by the Board of Directors.
The stockholders may make additional by-laws and may adopt, amend, or repeal any by-laws whether such by-laws were originally adopted
by them or otherwise.</P>

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

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

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

<P STYLE="font-size: 10pt; text-align: right; margin: 0pt 0"><A NAME="a_002"></A><B>Exhibit&nbsp;99.1</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">FOR IMMEDIATE RELEASE</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Sportsman&#8217;s Warehouse to join </B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>to better serve outdoorsmen and women</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Historic union of world&#8217;s finest
outdoor brands to further strengthen steadfast commitment to customers and conservation</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Springfield, Mo. and West Jordan, Utah
(December 21, 2020)</B> &#8211; In an effort to better serve its loyal customers, Sportsman&#8217;s Warehouse has entered into
a definitive agreement to join the Great American Outdoors Group, parent company of Bass Pro Shops, Cabela&#8217;s, White River
Marine Group and a collection of nature-based resorts. The Great American Outdoors Group will remain a private company with a long-term
view to do what is best for its customers, team members and conservation initiatives. As part of the agreement, Sportsman&#8217;s
Warehouse will be acquired for $18.00 per share in cash.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The driving force behind the partnership
is the two companies&#8217; similar histories and highly complementary business philosophies and geographic footprints. <FONT STYLE="background-color: white">Both
entities share a passion with their customers for fishing, camping, hunting, boating and other outdoor activities. Likewise, both
are highly acclaimed retailers with well-deserved reputations for a broad offering of outstanding brand name and proprietary products,
superior customer service, deeply knowledgeable team members and an unwavering passion for conservation. Uniting together represents
an unprecedented &#8220;win-win&#8221; opportunity for outdoor enthusiasts.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#8220;We are excited to be joining the
Great American Outdoors Group. This merger brings together the greatest brands in the outdoor industry. As we look to the future,
the combined entities provide our passionate associates with greater opportunities to serve the outdoor enthusiast. I couldn&#8217;t
be more proud of the nearly 8,000 Sportsman&#8217;s Warehouse associates and their success in building our brand over the last
33 years. We look forward to a smooth transition and building our partnership,&#8221; said Sportsman&#8217;s Warehouse CEO Jon
Barker.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#8220;Today is a happy day for our companies,
outdoor enthusiasts and for the cause of conservation,&#8221; said Bass Pro Shops Founder and Great American Outdoors Group Leader,
Johnny Morris. &#8220;As outdoor sports specialists with unwavering dedication to people who fish, hunt and enjoy the outdoors,
we greatly admire the passionate team at Sportsman&#8217;s Warehouse for their commitment to their customers and the sports we
all love. By combining our best practices, our aim is to give our customers a best-of-the-best experience while further uniting
them to support conservation,&#8221; added Morris.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Sportsman&#8217;s Warehouse customers can expect all of what
they love now plus a whole lot more</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Widely expanded product offerings including:</B></P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 0.25in">&nbsp;</TD>
    <TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD>
    <TD><B>Access to the world&#8217;s largest selection of premium fishing tackle</B> including legendary Bass Pro Shops and other premier brands</TD></TR>
</TABLE>
<P STYLE="margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 0.25in">&nbsp;</TD>
    <TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD>
    <TD><B>The largest selection of premium hunting gear</B> including the iconic Cabela&#8217;s brand</TD></TR>
</TABLE>
<P STYLE="margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 0.25in">&nbsp;</TD>
    <TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD>
    <TD STYLE="text-align: justify"><B>Sportsman&#8217;s Warehouse will be able to offer customers the world&#8217;s leading boat brands, side-by-sides and ATVs at money-saving prices</B>. The company&#8217;s great family of brands, Tracker, Nitro, Ranger, Ascend Kayaks and other products, are all built right here in the USA by American craftsmen and sold directly to customers through our stores and a select group of dealers, effectively giving customers the opportunity to buy factory-direct at money-saving prices.</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Low prices &#8211; guaranteed</B>.</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 0.25in">&nbsp;</TD>
    <TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD>
    <TD STYLE="text-align: justify"><B>Sportsman&#8217;s Warehouse customers will enjoy The Great American Outdoors Group &#8220;Low Price Guarantee&#8221;</B> which offers the lowest everyday price on its full assortment, and will match or beat any qualified competing offers in store or online.</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Greater convenience and expanded online
services and selection</B></P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify; width: 0.25in">&nbsp;</TD>
    <TD STYLE="text-align: justify; width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD>
    <TD STYLE="text-align: justify"><B>Receiving the best products faster</B> by leveraging the combined company&#8217;s extensive network of distribution centers and stores to get the best products the fastest way possible in stores or online.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD>
    <TD STYLE="text-align: justify"><B>Maintaining a strong commitment to a regional and seasonal focus</B>. Customers will continue to enjoy localized merchandise and efforts like area weather conditions, hunting and fishing reports, photo braggin&#8217; boards and the opportunity to get &#8220;hands-on&#8221; with products alongside the guidance of local experts.</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Uniting together to better serve customers and the outdoors</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>The companies have collectively demonstrated
unmatched commitment to customer service and satisfaction. <U>Bass Pro Shops recently ranked as the number three most reputable
retailer in America by Reputation.com</U>.</B> Both companies are keenly focused on conservation initiatives and recognized for
their commitment to serving their communities responsibly, ranking at the top of outdoor retailers on firearm safety and compliance.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">More than anything, the partnership will
invite Sportsman&#8217;s Warehouse employees and customers to become a part of something bigger &#8211; a legendary commitment
to conservation.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Inspired by the vision of Johnny Morris,
The Great American Outdoors Group is leading North America&#8217;s largest conservation movement &#8211; bringing together millions
of passionate customers alongside dedicated team members, industry partners and leading conservation organizations &#8211; to collectively
shape the future of the outdoors and all who love it for generations to come.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">This unprecedented alliance is bringing
together sportsmen and women to protect millions of acres of wildlife habitat every year, introduce thousands of kids and families
to nature, and achieve major legislative victories that advance the outdoors and all who love it.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="background-color: white"><B>About
The Great American Outdoors Group</B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="background-color: white">The
mission of the Great American Outdoors Group is to inspire everyone to enjoy, love and conserve the outdoors:</FONT></P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 0.25in">&nbsp;</TD>
    <TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="background-color: white"><B>Bass Pro Shops and Cabela&#8217;s</B>: As an avid young angler, Johnny Morris founded Bass Pro Shops in 1972 with eight square feet of space in the back of his father&#8217;s liquor store in Springfield, Missouri, the company&#8217;s sole location for its first 13 years of business. Johnny has turned his unending love of the outdoors into a company that serves millions of outdoor enthusiasts across the United States and Canada. Bass Pro Shops united with Cabela&#8217;s in 2017. Today, they operate 169 stores and more than 500 million outdoor enthusiasts visit its websites annually.</FONT></TD></TR>
</TABLE>
<P STYLE="margin: 0pt 0">&nbsp;</P>

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<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 0.25in">&nbsp;</TD>
    <TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="background-color: white"><B>About White River Marine Group</B>: In 1978, Johnny revolutionized the marine industry when he introduced Tracker Boats, the first professionally rigged and nationally marketed boat, motor and trailer package. The popularity of Tracker Boats exploded and they have been the number one selling fishing boat brand in America for the last 42 years. White River Marine Group offers an unsurpassed collection of industry-leading brands. Collectively known as White River Marine Group, today the family of brands is the world&#8217;s largest manufacturer of boats. In 2019, the company partnered with Textron to launch TRACKER OFF ROAD, offering a full line of ATVs and side-by-sides.</FONT></TD></TR>
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    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
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    <TD STYLE="text-align: justify; width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD>
    <TD STYLE="text-align: justify"><B>About Our Nature Resorts: </B><FONT STYLE="background-color: white">The company also operates a thriving hospitality division with award-winning nature resorts and attractions including Big Cedar Lodge in Missouri&#8217;s Ozark Mountains. </FONT>Located in the heart of Missouri&#8217;s Ozark Mountains,&nbsp;Big Cedar Lodge&nbsp;is America&#8217;s premier wilderness resort. A passion of Bass Pro Shops&#8217; founder, the 4,600-acre lakeside retreat connects families to the outdoors with a variety of nature-based experiences including fishing, boating, hiking, spa and wellness offerings, hosting 2.4 million guests annually. Signature attractions include Top of the Rock, home to world-class golf, dining, and entertainment; and Dogwood Canyon Nature Park, a 10,000-acre nonprofit wildlife nature park. Named &#8220;Number One Resort in the Midwest&#8221; by the readers of&nbsp;<I>Travel + Leisure</I>, the resort offers genuine Ozarks hospitality and a convenient location just south of Branson, Missouri.</TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: white"><B>About Sportsman&#8217;s
Warehouse</B></FONT></P>

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    <TD STYLE="text-align: justify"><FONT STYLE="background-color: white">Since its start in West Jordan, Utah over 30 years ago, Sportsman&#8217;s Warehouse has been providing outdoor enthusiasts with quality merchandise in a friendly, low-key shopping environment and is a leading outdoor specialty company based in the Western U.S with 112 store locations. The company is admired for its successful formula of ultra-convenient stores sized right for the communities they serve, highly trained employees with an understanding of local equipment preferences, and a data-driven local marketing focus.</FONT><BR>
<BR>
<FONT STYLE="background-color: white">Much like Bass Pro Shops, the company was founded on the principle of being good stewards of the outdoors and protecting and preserving wildlife habitats. Today, Sportsman&#8217;s Warehouse is known for its top-quality, brand-name products, obsessive customer service and deep ties to conservation groups across the country.</FONT></TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: white"><B>Transaction Overview</B></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The merger agreement was unanimously approved
by Sportsman&#8217;s Warehouse&#8217;s Board of Directors. The transaction, which is expected to close in the&nbsp;second half
of 2021, will be completed through a cash merger and is subject to approval by Sportsman&#8217;s Warehouse&#8217;s shareholders,
as well as regulatory approvals and other customary closing conditions. The transaction is not subject to any financing condition.
The entities will continue to operate independently until the transaction closes.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">J.P. Morgan Securities LLC served as lead
financial advisor; Moelis &amp; Company served as an additional financial advisor to the Great American Outdoors Group and King
&amp; Spalding LLP served as the Great American Outdoors Group legal counsel, with expert assistance from Debevoise &amp; Plimpton
LLP. Baird served as exclusive financial advisor to Sportsman&#8217;s Warehouse. O&#8217;Melveny &amp; Myers served as legal counsel
to Sportsman&#8217;s Warehouse.&nbsp;</P>

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><U>Additional Information and Where to Find It</U>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">This communication may be deemed to be
solicitation material in respect of the proposed merger.&nbsp; Sportsman&#8217;s Warehouse intends to file relevant materials with
the U.S. Securities and Exchange Commission (the &#8220;SEC&#8221;), including a proxy statement in preliminary and definitive
form, in connection with the solicitation of proxies for the proposed merger. The definitive proxy statement will contain important
information about the proposed merger and related matters. BEFORE MAKING A VOTING DECISION, STOCKHOLDERS OF SPORTSMAN&#8217;S WAREHOUSE&nbsp;ARE
URGED TO READ THE DEFINITIVE PROXY STATEMENT AND OTHER RELEVANT MATERIALS CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE
BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT SPORTSMAN&#8217;S&nbsp;WAREHOUSE&nbsp;AND THE MERGER.&nbsp; Stockholders
will be able to obtain copies of the proxy statement and other relevant materials (when they become available) and any other documents
filed by Sportsman&#8217;s Warehouse with the SEC for no charge at the SEC&#8217;s website at&nbsp;www.sec.gov. In addition, stockholders
will be able to obtain free copies of the proxy statement from Sportsman&#8217;s Warehouse by contacting Sportsman&#8217;s Warehouse&#8217;s
&nbsp;Investor Relations Department by telephone at&nbsp;(801) 566-6681, by mail to Sportsman&#8217;s Warehouse, Attention: Investor
Relations, 1475 West 9000 South, Suite A, West Jordan, Utah 84088, or by going to Sportsman&#8217;s Warehouse&#8217;s Investor
Relations page on its corporate website at&nbsp;http://investors.sportsmans.com.&nbsp;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Sportsman&#8217;s Warehouse and certain
of its directors, executive officers and other employees may be deemed to be participants in the solicitation of proxies from Sportsman&#8217;s
Warehouse stockholders in respect of the merger. Information about Sportsman&#8217;s Warehouse&#8217;s directors and executive
officers is available in Sportsman&#8217;s Warehouse&#8217;s proxy statement for its 2020 annual meeting of stockholders filed
with the SEC on April 17, 2020.&nbsp; Other information regarding persons who may be deemed participants in the proxy solicitation,
including their respective direct or indirect interests by security holdings or otherwise, will be set forth in the definitive
proxy statement that Sportsman&#8217;s Warehouse intends to file with the SEC in respect of the merger. These documents can be
obtained free of charge from the sources indicated above.&nbsp;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">This filing contains forward-looking statements
within the meaning of the Private Securities Litigation Reform Act of 1995 as contained in Section 27A of the Securities Act of
1933 and Section 21E of the Securities Exchange Act of 1934.&nbsp; Forward&#45;looking statements in this filing include, but are
not limited to, statements regarding the expected timing of the completion of the merger and the anticipated benefits of the merger.&nbsp;
Investors can identify these statements by the fact that they use words such as &#8220;continue,&#8221; &#8220;expect,&#8221; &#8220;may,&#8221;
&#8220;opportunity,&#8221; &#8220;plan,&#8221; &#8220;future,&#8221; &#8220;ahead&#8221; and similar terms and phrases.&nbsp; Actual
results may differ materially from the forward-looking statements due to risks and uncertainties concerning Great American Outdoors
Group&#8217;s proposed acquisition of Sportsman&#8217;s Warehouse.&nbsp; The potential risks and uncertainties include, among others,
the possibility that Sportsman&#8217;s Warehouse may be unable to obtain the required stockholder approval or antitrust regulatory
approvals or that other conditions to closing the merger may not be satisfied, such that the merger may not close or that the closing
may be delayed; the reaction of customers, vendors, and employees to the announcement or consummation of the merger; general economic
conditions, including the risk and uncertainties caused by COVID-19 and measures taken in response to the pandemic; that the merger
may involve unexpected costs, liabilities or delays; risks that the merger disrupts current plans and operations of the parties
to the transaction; the amount of the costs, fees, expenses and charges related to the merger; the outcome of any legal proceedings
related to the merger; the occurrence of any event, change or other circumstances that could give rise to the termination of the
merger agreement; and other factors about Sportsman&#8217;s Warehouse and its business that are set forth in Sportsman&#8217;s
Warehouse&#8217;s other filings with the SEC, including under the caption &#8220;Risk Factors&#8221; in Sportsman&#8217;s Warehouse&#8217;s
Form 10-K for the fiscal year ended February 1, 2020 which was filed with the SEC on April 9, 2020. Any forward-looking statement
made by Sportsman&#8217;s Warehouse in this release speaks only as of the date on which Sportsman&#8217;s Warehouse makes it.&nbsp;
Factors or events that could cause Sportsman&#8217;s Warehouse&#8217;s actual results to differ may emerge from time to time, and
it is not possible for Sportsman&#8217;s Warehouse to predict all of them.&nbsp; Sportsman&#8217;s Warehouse undertakes no obligation
to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except
as may be required by any applicable securities laws.</P>

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