<SEC-DOCUMENT>0001654954-19-000080.txt : 20190103
<SEC-HEADER>0001654954-19-000080.hdr.sgml : 20190103
<ACCEPTANCE-DATETIME>20190103162140
ACCESSION NUMBER:		0001654954-19-000080
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20190103
ITEM INFORMATION:		Entry into a Material Definitive Agreement
ITEM INFORMATION:		Completion of Acquisition or Disposition of Assets
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20190103
DATE AS OF CHANGE:		20190103

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ISSUER DIRECT CORP
		CENTRAL INDEX KEY:			0000843006
		STANDARD INDUSTRIAL CLASSIFICATION:	COMMERCIAL PRINTING [2750]
		IRS NUMBER:				261331503
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-10185
		FILM NUMBER:		19505772

	BUSINESS ADDRESS:	
		STREET 1:		500 PERIMETER PARK DRIVE
		STREET 2:		SUITE D
		CITY:			MORRISVILLE
		STATE:			NC
		ZIP:			27560
		BUSINESS PHONE:		9194611600

	MAIL ADDRESS:	
		STREET 1:		500 PERIMETER PARK DRIVE
		STREET 2:		SUITE D
		CITY:			MORRISVILLE
		STATE:			NC
		ZIP:			27560

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	DOCUCON INC
		DATE OF NAME CHANGE:	20071002

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	DOCUCON INCORPORATED
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>isdr_8k.htm
<DESCRIPTION>CURRENT REPORT
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UNITED STATES</font></div>
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<font style="font-weight: bold"><font style="font-family: Times New Roman; font-size: 13px">SECURITIES AND
EXCHANGE COMMISSION</font></font></div>
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Washington, D.C. 20549</font></div>
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______________</font></div>
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FORM 8-K</font></div>
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CURRENT REPORT</font></div>
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Date of Report (Date of earliest event reported): January 3, 2019
(January 3, 2019)</font></div>
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______________</font></div>
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Issuer Direct Corporation</font></div>
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(Exact name of registrant as specified in its charter)</font></div>
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Delaware</font></div>
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1-10185</font></div>
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26-1331503</font></div>
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(I.R.S. Employer</font></div>
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of incorporation)</font></div>
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File Number)</font></div>
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Identification No.)</font></div>
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500 Perimeter Park, Suite D, Morrisville, North Carolina
27560</font></div>
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(Address of principal executive offices) (Zip Code)</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Registrant&#x2019;s
telephone number, including area code <font style="font-weight: bold; font-size: 13px">(919)
481-4000</font></font></div>
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under any of the following provisions (<font style="text-decoration: underline">see</font> General Instruction A.2.
below):</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Soliciting material
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communications pursuant to Rule 14d-2(b) under the Exchange Act (17
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communications pursuant to Rule 13e-4(c) under the Exchange Act (17
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by check <font style="color: #000000">mark whether the registrant
is an</font> emerging growth company as defined in in Rule 405 of
the Securities Act of 1933 (&#xA7;230.405 of this chapter) or Rule
12b-2 of the Securities Exchange Act of 1934 (&#xA7;240.12b-2 of
this chapter).</font></div>
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growth company&#xA0;<font style="font-family: Times New Roman">&#x2610;</font>&#xA0;&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">If an
emerging growth company, indicate by checkmark if the registrant
has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided
pursuant to Section 13(a) of the Exchange Act.&#xA0;&#xA0;
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Item 1.01 Entry into a Material Definitive Agreement.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">On
January 3, 2019 (the &#x201C;Closing Date&#x201D;), Issuer Direct
Corporation, a Delaware corporation (the &#x201C;Company&#x201D;)
entered into an Asset Purchase Agreement (the &#x201C;Purchase
Agreement&#x201D;) with Onstream Media Corporation, a Florida
corporation (the &#x201C;Seller&#x201D;), whereby the Company
purchased certain assets related primarily to customer accounts,
intellectual property, fixed assets and assumed certain existing
contractual obligations related primarily to data processing and
storage, bandwidth and facility leases relating to the webcasting
business of the Seller (collectively, the
&#x201C;Business&#x201D;).</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Under
the terms of the Purchase Agreement and on the Closing Date, the
Company paid the Seller a cash payment of $2,787,627 (the
&#x201C;Cash Payment&#x201D;). The Cash Payment is not subject to any
escrow conditions.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">The
Purchase Agreement and the transaction contemplated thereby are not
subject to approval by the shareholders of the Company. The
Purchase Agreement contains standard representations and warranties
regarding the Seller and the Business and certain limited
representations and warranties regarding the Company. The Purchase
Agreement also contains indemnification provisions for the benefit
of the Company and the Seller. Neither the Company nor the Seller
shall be liable for more than $2,000,000 under the indemnification
provisions except in the case of fraud or willful misconduct. The
Seller and the Seller&#x2019;s Chief Executive Officer and Chief
Financial Officer agreed to 5-year non-compete provisions as part
of the Purchase Agreement, subject to the exceptions set forth
below.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">In
connection with the Purchase Agreement, the Company and the Seller
entered into two reseller agreements whereby the Seller shall
continue to utilize certain technology relating to the Business
with respect to portions of the Seller&#x2019;s operations and
business which the Seller will be retaining after the Effective
Date. The reseller agreements each have five-year terms and may be
extended for an unlimited number of one-year terms thereafter. The
Company will receive 35% of all revenue generated from these
reseller agreements for the first two years and then receive 50% of
all revenue for the final three years and during any extension of
the term of the reseller agreements. The Seller&#x2019;s performance
under the terms of these reseller agreements will not be violations
of the non-competition requirements set forth above. Also in
connection with the Purchase Agreement, the Company agreed to
exclusively use the Seller&#x2019;s teleconferencing service for a
period of five years which may be extended for an unlimited number
of one-year terms thereafter for a discounted pricing
rate.</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">This
summary of certain terms of the Purchase Agreement does not purport
to be complete and is subject to, and qualified in its entirety by,
the full text of the Purchase Agreement, a copy of which is
attached hereto as Exhibit 10.1 and is hereby incorporated into
this Current Report on Form 8-K (this &#x201C;Form 8-K&#x201D;) by
reference.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">The
Purchase Agreement has been included solely to provide investors
and security holders with information regarding its terms. It is
not intended to be a source of financial, business or operational
information, or to provide any other factual information, about the
Company, the Seller or their respective subsidiaries or affiliates.
The representations, warranties and covenants contained in the
Purchase Agreement are made only for purposes of the Purchase
Agreement and are made as of specific dates; are solely for the
benefit of the parties (except as specifically set forth therein);
may be subject to qualifications and limitations agreed upon by the
parties in connection with negotiating the terms of the Purchase
Agreement; and may be subject to standards of materiality and
knowledge applicable to the contracting parties that differ from
those applicable to investors or security holders. Investors and
security holders should not rely on the representations, warranties
and covenants or any description thereof as characterizations of
the actual state of facts or condition of the Company, the Seller
or any of their respective subsidiaries or affiliates. Moreover,
information concerning the subject matter of the representations,
warranties and covenants may change after the date of the Purchase
Agreement, as applicable, which subsequent information may or may
not be fully reflected in public disclosures.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
Item 2.01.&#xA0;&#xA0;Completion of Acquisition or Disposition of
Assets.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
The information set forth in Item 1.01of this Form 8-K is
incorporated herein by reference in its entirety.</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
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Item 8.01.&#xA0;&#xA0;Other Events.</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
On January 3, 2019, the Company issued a press release announcing
the entry into the Purchase Agreement and the acquisition of the
Business.&#xA0;&#xA0;A copy of the press release is filed as
Exhibit 99.1 hereto and incorporated herein by reference in its
entirety.</font></div>
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<font style="color: #000000; font-weight: bold; font-family: Times New Roman; font-size: 13px">
Item 9.01.&#xA0;&#xA0;Financial Statements and
Exhibits.</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
(a)&#xA0;&#xA0;Financial statements of business
acquired.</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; color: #000000">
(</font><font style="color: #000000">b)&#xA0;&#xA0;Pro forma
financial information.</font></font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Any financial statements and pro forma financial information
required by this Item will be filed by amendment to this Form 8-K
within 75 calendar days from the date that this Form 8-K must be
filed with the Securities and Exchange Commission.</font></div>
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<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
(d)&#xA0;&#xA0;Exhibits</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<div style="display: table-cell; width: 48px"><font style="color: rgb(0, 0, 0);"><a href="isdr_ex10-1.htm"><font style="font-family: Times New Roman; font-size: 13px">10.1</font></a></font></div>
<div style="text-align: justify; display: table-cell"><font style="font-family: Times New Roman; font-size: 13px">Asset Purchase
Agreement dated January 3, 2019 between Issuer Direct Corporation
and Onstream Media Corporation (schedules and exhibits identified
in the Purchase Agreement have been omitted pursuant to Item 601b.2
of Regulation S-K).</font></div>
</div>
</div>
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<div style="display: table-row">
<div style="display: table-cell; width: 48px"><font style="color: rgb(0, 0, 0);"><a href="isdr_ex991.htm"><font style="font-size: 13px;">99.1<br></font></a></font></div>
<div style="text-align: justify; display: table-cell"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Press
release issued by Issuer Direct Corporation on January 3,
2019.</font></div>
</div>
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<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">SIGNATURES</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">Pursuant to the
requirements of the Securities Exchange Act of 1934, the Registrant
has duly caused this report to be signed on its behalf by the
undersigned, hereunto duly authorized.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<td colspan="2" rowspan="1" style="vertical-align: bottom; width: 38%;">
<div><font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">Issuer
Direct Corporation</font></div>
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<td style="vertical-align: top; width: 50%; border-bottom: medium solid rgb(255, 255, 255);">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px; font-family: Times New Roman"><font style="font-family: Times New Roman; font-size: 13px">Date: January 3,
2019</font></font></div>
</td>
<td style="vertical-align: top; width: 3%; border-bottom: medium solid rgb(255, 255, 255);">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px; font-family: Times New Roman">By:&#xA0;&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 35%; border-bottom: 2px solid black; white-space: nowrap;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px; font-family: Times New Roman">/s/ <font style="font-family: Times New Roman; font-size: 13px">Brian R.
Balbirnie</font></font></div>
</td>
<td style="vertical-align: top; width: 12%; border-bottom: medium solid rgb(255, 255, 255);">
<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px">
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</td>
<td style="vertical-align: bottom; width: 35%; white-space: nowrap;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px; font-family: Times New Roman"><font style="font-family: Times New Roman; font-size: 13px">Brian R.
Balbirnie</font>&#xA0;</font></div>
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<font style="font-size: 13px; font-family: Times New Roman"><font style="font-family: Times New Roman; font-size: 13px">Chief Executive
Officer</font>&#xA0;</font></div>
</td>
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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>isdr_ex10-1.htm
<DESCRIPTION>ASSET PURCHASE AGREEMENT
<TEXT>
<html>
<head>
<!-- Document created using Blueprint(R) - powered by Issuer Direct - www.issuerdirect.com -->
<!-- Copyright 2019 Issuer Direct Corporation -->
<title>Blueprint</title>
</head>
<body style="font-family: Times New Roman; font-size: 13px;">
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&#xA0; <font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">Exhibit 10.1</font><br></font></div>
</div>
</div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
</font></div>
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<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
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<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
ASSET PURCHASE AGREEMENT</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 60px">
<font style="font-family: Times New Roman; font-size: 13px">This
Asset Purchase Agreement (this &#x201C;<font style="text-decoration: underline">Agreement</font>&#x201D;) entered into
as of January 3, 2019, by and between Issuer Direct Corporation, a
Delaware corporation (the &#x201C;<font style="text-decoration: underline">Buyer</font>&#x201D;), and Onstream
Media Corporation, a Florida corporation (the &#x201C;<font style="text-decoration: underline">Seller</font>&#x201D;). The Buyer and
the Seller are referred to collectively herein as the
&#x201C;<font style="text-decoration: underline">Parties.</font>&#x201D;</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">BACKGROUND</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 60px">
<font style="font-family: Times New Roman; font-size: 13px">This
Agreement contemplates a transaction in which the Buyer will
purchase certain assets related primarily to customer accounts,
intellectual property, fixed assets and facility leases and certain
existing contractual obligations related primarily to data
processing and storage, bandwidth and facility leases relating to
the webcasting business of the Seller (the &#x201C;<font style="text-decoration: underline">Business</font>&#x201D;) in return for
cash.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">AGREEMENT</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 60px">
<font style="font-family: Times New Roman; font-size: 13px">NOW,
THEREFORE, in consideration of the premises and the mutual promises
herein made, and in consideration of the representations,
warranties, and covenants herein contained, the Parties agree as
follows.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="display: table; margin-left: 49px">
<div style="display: table-row">
<div style="display: table-cell; width: 47px"><font style="font-family: Times New Roman; font-size: 13px">1.&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font></div>
<div style="text-align: left; display: table-cell"><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Definitions</font>.</font></div>
</div>
</div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 60px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="text-decoration: underline">Acquired Assets</font>&#x201D; means
all right, title, and interest in and to all of the assets relating
to the Business set forth on <font style="text-decoration: underline">Schedule A</font> attached
hereto.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 60px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="text-decoration: underline">Adverse Consequences</font>&#x201D;
means all actions, suits, proceedings, hearings, investigations,
charges, complaints, claims, demands, injunctions, judgments,
orders, decrees, rulings, damages, dues, penalties, fines, costs,
amounts paid in settlement, Liabilities, obligations, Taxes, liens,
losses, expenses, and fees, including court costs and reasonable
attorney&#x2019;s fees and expenses.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 60px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="text-decoration: underline">Affiliate</font>&#x201D; has the
meaning set forth in Rule 12b-2 of the regulations promulgated
under the Securities Exchange Act.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 60px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="text-decoration: underline">Affiliated Group</font>&#x201D; means
any affiliated group within the meaning of Code
&#xA7;1504(a).</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 60px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="text-decoration: underline">Applicable Rate</font>&#x201D; means
the corporate base rate of interest publicly announced from time to
time by Wells Fargo Bank, N.A. plus 2% per annum.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 60px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="text-decoration: underline">Assumed Liabilities</font>&#x201D;
means any Liability relating to the Business set forth on
<font style="text-decoration: underline">Schedule B</font> attached
hereto; <font style="font-style: italic">provided, however</font>,
that the Assumed Liabilities shall not include (i) any Liability
not specifically identified on <font style="text-decoration: underline">Schedule B</font> attached hereto,
(ii) any Liability of the Seller for unpaid Taxes for periods prior
to the Closing, (iii) any Liability of the Seller for income,
transfer, sales, use, and other Taxes arising in connection with
the consummation of the transactions contemplated hereby, (iv) any
Liability of the Seller for the unpaid Taxes of any Person other
than the Seller under Reg. &#xA7;1.1502-6 (or any similar provision
of state, local, or foreign law), as a transferee or successor, by
contract or otherwise, (v) any obligation of the Seller to
indemnify any Person by reason of the fact that such Person was a
director, officer, employee, or agent of the Seller or was serving
at the request of the Seller as a partner, trustee, director,
officer, employee, or agent of another entity (whether such
indemnification is for judgments, damages, penalties, fines, costs,
amounts paid in settlement, losses, expenses, or otherwise and
whether such indemnification is pursuant to any statute, charter
document, bylaw, agreement, or otherwise), (vi) any Liability of
the Seller for costs and expenses incurred in connection with this
Agreement and the transactions contemplated hereby, or (vii) any
Liability or obligation of the Seller under this Agreement (or
under any side agreement between the Seller on the one hand and the
Buyer on the other hand entered into on or after the date of this
Agreement).</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">1</font></div>
</div>
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<div id="hdr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 60px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="text-decoration: underline">Basis</font>&#x201D; means any past or
present fact, situation, circumstance, status, condition, activity,
practice, plan, occurrence, event, incident, action, failure to
act, or transaction that forms or could be reasonably expected to
form the basis for any specified consequence.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 60px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="text-decoration: underline">Buyer</font>&#x201D; has the meaning
set forth in the preface above.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 60px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="text-decoration: underline">Closing</font>&#x201D; has the meaning
set forth in &#xA7;2(d) below.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 60px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="text-decoration: underline">Closing Date</font>&#x201D; has the
meaning set forth in &#xA7;2(d) below.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 60px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="text-decoration: underline">Code</font>&#x201D; means the Internal
Revenue Code of 1986, as amended.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 60px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="text-decoration: underline">Confidential Information</font>&#x201D;
means any information concerning the businesses and affairs of the
Business that is not already generally available to the public
provided further that confidential information shall not include
any information if it becomes available from a third party not
bound by an agreement of confidentiality.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 60px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="text-decoration: underline">Consent and Assignment of
Lease</font>&#x201D; has the meaning set forth in &#xA7;7(a)
below.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 60px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="text-decoration: underline">Deferred Intercompany
Transaction</font>&#x201D; has the meaning set forth in Reg.
&#xA7;1.1502-13.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 60px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="text-decoration: underline">Disclosure Schedule</font>&#x201D; has
the meaning set forth in &#xA7;3 below.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 60px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="text-decoration: underline">Business</font>&#x201D; has the meaning
set forth in the recitals above.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 60px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="text-decoration: underline">Employee Benefit Plan</font>&#x201D;
means any &#x201C;employee benefit plan&#x201D; (as such term is
defined in ERISA &#xA7;3(3)) and any other material employee
benefit plan, program or arrangement of any kind.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 60px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="text-decoration: underline">Employee Pension Benefit
Plan</font>&#x201D; has the meaning set forth in ERISA
&#xA7;3(2).</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 60px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="text-decoration: underline">Employee Welfare Benefit
Plan</font>&#x201D; has the meaning set forth in ERISA
&#xA7;3(1).</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 60px">
<font style="font-family: Times New Roman; font-size: 13px"><a name="_Toc93761947"><!--anchor--></a>&#x201C;<font style="text-decoration: underline">Encumbrance</font>&#x201D; means any
mortgage, lien, security interest, security agreement, conditional
sale or other title retention agreement, pledge, option, right of
first refusal, right of first offer, charge, assessment,
restriction on transfer or any exception to or defect in title or
other ownership interest (including reservations, rights of way,
possibilities of reverter, encroachments, easements, rights of
entry, restrictive covenants, leases and licenses).</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 60px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="text-decoration: underline">Environmental, Health, and Safety
Requirements</font>&#x201D; shall mean all federal, state, local and
foreign statutes, regulations, ordinances and other provisions
having the force or effect of law, all judicial and administrative
orders and determinations, all contractual obligations and all
common law concerning public health and safety, worker health and
safety, and pollution or protection of the environment, including
without limitation all those relating to the presence, use,
production, generation, handling, transportation, treatment,
storage, disposal, distribution, labeling, testing, processing,
discharge, release, threatened release, control, or cleanup of any
hazardous materials, substances or wastes, chemical substances or
mixtures, pesticides, pollutants, contaminants, toxic chemicals,
petroleum products or byproducts, asbestos, polychlorinated
biphenyls, noise or radiation, each as amended and as now or
hereafter in effect.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 60px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="text-decoration: underline">ERISA</font>&#x201D; means the Employee
Retirement Income Security Act of 1974, as amended.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 60px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="text-decoration: underline">ERISA Affiliate</font>&#x201D; means
each entity which is treated as a single employer with the Seller
for purposes of Code &#xA7;414.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<div id="ftr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">2</font></div>
</div>
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<div id="hdr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 60px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="text-decoration: underline">Excess Loss Account</font>&#x201D; has
the meaning set forth in Reg. &#xA7;1.1502-19.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 60px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="text-decoration: underline">Financial Statements</font>&#x201D; has
the meaning set forth in &#xA7;3(f) below.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 60px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="text-decoration: underline">GAAP</font>&#x201D; means United States
generally accepted accounting principles as in effect from time to
time.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 60px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="text-decoration: underline">Indemnified Party</font>&#x201D; has
the meaning set forth in &#xA7;8(d) below.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 60px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="text-decoration: underline">Indemnifying Party</font>&#x201D; has
the meaning set forth in &#xA7;8(d) below.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 60px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="text-decoration: underline">Intellectual Property</font>&#x201D;
means all of the following in any jurisdiction throughout the
world: (a) all inventions (whether patentable or unpatentable and
whether or not reduced to practice), all improvements thereto, and
all patents, patent applications, and patent disclosures, together
with all reissuances, continuations, continuations-in-part,
revisions, extensions, and reexaminations thereof, (b) all
trademarks, service marks, trade dress, logos, slogans, trade
names, corporate names, Internet domain names, and rights in
telephone numbers, together with all translations, adaptations,
derivations, and combinations thereof and including all goodwill
associated therewith, and all applications, registrations, and
renewals in connection therewith, (c) all copyrightable works, all
copyrights, and all applications, registrations, and renewals in
connection therewith, (d) all mask works and all applications,
registrations, and renewals in connection therewith, (e) all trade
secrets and confidential business information (including ideas,
research and development, know-how, formulas, compositions,
manufacturing and production processes and techniques, technical
data, designs, drawings, specifications, customer and supplier
lists, pricing and cost information, and business and marketing
plans and proposals), (f) all computer software (including source
code, executable code, data, databases and related documentation),
(g) all advertising and promotional materials, (h) all other
proprietary rights, and (i) all copies and tangible embodiments
thereof (in whatever form or medium).</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 60px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="text-decoration: underline">Knowledge</font>&#x201D; means actual
knowledge of Randy S. Selman, Robert Tomlinson and any other
individual specifically referred to herein after reasonable
inquiry.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 60px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="text-decoration: underline">Landlord Estoppel
Certificate</font>&#x201D; has the meaning set forth in &#xA7;7(a)
below.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 60px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="text-decoration: underline">Leased Real Property</font>&#x201D;
means all leasehold or subleasehold estates and other rights to use
or occupy any land, buildings, structures, improvements, fixtures
or other interest in real property held by the
Business.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 60px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="text-decoration: underline">Leases</font>&#x201D; means all leases,
subleases, licenses, concessions and other agreements (written or
oral), including all amendments, extensions, renewals, guaranties
and other agreements with respect thereto, pursuant to which the
Business holds any Leased Real Property, including the right to all
security deposits and other amounts and instruments deposited by or
on behalf of the Business thereunder.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 60px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="text-decoration: underline">Liability</font>&#x201D; means any
liability (whether known or unknown, whether asserted or
unasserted, whether absolute or contingent, whether accrued or
unaccrued, whether liquidated or unliquidated, and whether due or
to become due), including any liability for Taxes.</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 60px">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 60px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="text-decoration: underline">Material Adverse Effect</font>&#x201D;
means any event, change, circumstance, effect or other matter that
has, or could reasonably be expected to have, either individually
or in the aggregate with all other events, changes, circumstances,
effects or other matters, with or without notice, lapse of time or
both, a material adverse effect on the Business, Acquired Assets,
Liabilities, Real Property, condition (financial or otherwise),
operating results, or operations of the Business except that a
Material Adverse Effect shall not be deemed to have incurred if it
caused by an event or events which impact other industry
participants who engage in activities sustainably similar to the
Business in a proportionate manner.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 60px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="text-decoration: underline">Most Recent Fiscal Year
End</font>&#x201D; has the meaning set forth in &#xA7;3(f)
below.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">3</font></div>
</div>
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<div id="hdr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 60px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="text-decoration: underline">Non-Compete Agreement</font>&#x201D;
has the meaning set forth in &#xA7;7(a)(viii) below.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 60px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="text-decoration: underline">Ordinary Course of
Business</font>&#x201D; means the ordinary course of business
consistent with past custom and practice (including with respect to
quantity and frequency).</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 60px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="text-decoration: underline">Owned Real Property</font>&#x201D;
means all land, together with all buildings, structures,
improvements and fixtures located thereon, including all
electrical, mechanical, plumbing and other building systems, fire
protection, security and surveillance systems, telecommunications,
computer wiring and cable installations, utility installations,
water distribution systems, and landscaping, together with all
easements and other rights and interests appurtenant thereto
(including air, oil, gas, mineral and water rights, owned by the
Business).</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 60px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="text-decoration: underline">Parties</font>&#x201D; has the meaning
set forth in the preface above.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 60px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="text-decoration: underline">PBGC</font>&#x201D; means the Pension
Benefit Guaranty Corporation.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 60px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="text-decoration: underline">Person</font>&#x201D; means an
individual, a partnership, a corporation, an association, a joint
stock company, a trust, a joint venture, an unincorporated
organization, or a governmental entity (or any department, agency,
or political subdivision thereof).</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 60px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="text-decoration: underline">Purchase Price</font>&#x201D; has the
meaning set forth in &#xA7;2(c) below.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 60px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="text-decoration: underline">Real Property</font>&#x201D; has the
meaning set forth in &#xA7;3(k) below.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 60px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="text-decoration: underline">Reseller Agreements</font>&#x201D; has
the meaning set forth in &#xA7;7(a)(vi) below.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 60px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="text-decoration: underline">Securities Exchange Act</font>&#x201D;
means the Securities Exchange Act of 1934, as amended.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 60px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="text-decoration: underline">Security Interest</font>&#x201D; means
any mortgage, pledge, lien, encumbrance, charge, or other security
interest, <font style="font-style: italic">other than</font> (a)
mechanics, materialmens, and similar liens, (b) liens for Taxes not
yet due and payable, (c) purchase money liens and liens securing
rental payments under capital lease arrangements, and (d) other
liens arising in the Ordinary Course of Business and not incurred
in connection with the borrowing of money.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 60px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="text-decoration: underline">Seller</font>&#x201D; has the meaning
set forth in the preface above.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 60px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="text-decoration: underline">Subordination, Non-Disturbance and
Attornment Agreement</font>&#x201D; has the meaning set forth in
&#xA7;7(a) below.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 60px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="text-decoration: underline">Subsidiary</font>&#x201D; means any
corporation with respect to which a specified Person (or a
Subsidiary thereof) owns a majority of the common stock or has the
power to vote or direct the voting of sufficient securities to
elect a majority of the directors.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 60px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;&#x201C;<font style="text-decoration: underline">Tax</font>&#x201D;
means any federal, state, local, or foreign income, gross receipts,
license, payroll, employment, excise, severance, stamp, occupation,
premium, windfall profits, environmental (including taxes under
Code &#xA7;59A), customs duties, capital stock, franchise, profits,
withholding, social security (or similar), unemployment,
disability, real property, personal property, sales, use, transfer,
registration, value added, alternative or add-on minimum,
estimated, or other tax of any kind whatsoever, including any
interest, penalty, or addition thereto, whether disputed or
not.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 60px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="text-decoration: underline">Tax Return</font>&#x201D; means any
return, declaration, report, claim for refund, or information
return or statement relating to Taxes, including any schedule or
attachment thereto, and including any amendment
thereof.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">4</font></div>
</div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 60px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="text-decoration: underline">Teleconferencing Reseller
Agreement</font>&#x201D; has the meaning set forth in
&#xA7;7(a)(vii) below.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 60px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="text-decoration: underline">Third Party Claim</font>&#x201D; has
the meaning set forth in &#xA7;8(d) below.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 60px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="text-decoration: underline">URL Agreement</font>&#x201D; has the
meaning set forth in &#xA7;7(a)(xiv) below.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="display: table; margin-left: 49px">
<div style="display: table-row">
<div style="display: table-cell; width: 47px"><font style="font-family: Times New Roman; font-size: 13px">2.&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font></div>
<div style="text-align: left; display: table-cell"><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Basic Transaction</font>.</font></div>
</div>
</div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 60px">
<font style="font-family: Times New Roman; font-size: 13px">(a)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Purchase
and Sale of Assets</font>. On and subject to the terms and
conditions of this Agreement, the Buyer agrees to purchase from the
Seller, and the Seller agrees to sell, transfer, convey, and
deliver to the Buyer, all of the Acquired Assets at the Closing for
the consideration specified below in this &#xA7;2.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 60px">
<font style="font-family: Times New Roman; font-size: 13px">(b)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Assumption
of Liabilities</font>. On and subject to the terms and conditions
of this Agreement, the Buyer agrees to assume and become
responsible for all of the Assumed Liabilities at the Closing. The
Buyer will not assume or have any responsibility, however, with
respect to any other obligation or Liability of the Seller not
included within the definition of Assumed Liabilities.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 60px">
<font style="font-family: Times New Roman; font-size: 13px">(c)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Purchase
Price</font>. The Buyer agrees to pay to the Seller at the Closing
$2,787,627.74 (the &#x201C;<font style="text-decoration: underline">Purchase Price</font>&#x201D;) in cash
payable by wire transfer or delivery of other immediately available
funds.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 60px">
<font style="font-family: Times New Roman; font-size: 13px">(d)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">The
Closing</font>. The closing of the transactions contemplated by
this Agreement (the &#x201C;<font style="text-decoration: underline">Closing</font>&#x201D;) shall take
place at 9:00 a.m. local time on the second business day following
the satisfaction or waiver of all conditions to the obligations of
the Parties to consummate the transactions contemplated hereby
(other than conditions with respect to actions the respective
Parties will take at the Closing itself) or such other date as the
Parties may mutually determine (the &#x201C;<font style="text-decoration: underline">Closing
Date</font>&#x201D;).</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 60px">
<font style="font-family: Times New Roman; font-size: 13px">(e)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Deliveries
at the Closing</font>. At the Closing, (i) the Seller will deliver
to the Buyer the various certificates, instruments, and documents
referred to in &#xA7;7(a) below; (ii) the Buyer will deliver to the
Seller the various certificates, instruments, and documents
referred to in &#xA7;7(b) below; (iii) the Seller will execute,
acknowledge (if appropriate), and deliver to the Buyer (A)
Assignment and Assumption Agreement in substantially the form
attached hereto as Exhibit A and such other assignment documents
(including the Intellectual Property Assignment and Assumption
Agreement in substantially the form attached hereto as Exhibit A-1)
in the forms reasonably acceptable to the Buyer and (B) such other
instruments of sale, transfer, conveyance, and assignment as the
Buyer and its counsel may request, including in substantially the
forms attached hereto as Exhibits A-2, A-3 and A-4; (iv) the Buyer
will execute, acknowledge (if appropriate), and deliver to the
Seller (A) an Assignment and Assumption Agreement in the form
attached hereto as Exhibit A and (B) such other instruments of
assumption as the Seller and its counsel may request, including in
substantially the forms attached hereto as Exhibits A-2, A-3 and
A-4; and (v) the Buyer will deliver to the Seller the consideration
specified in &#xA7;2(c) above.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 60px">
<font style="font-family: Times New Roman; font-size: 13px">(f)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Allocation</font>.
The Parties agree to allocate the Purchase Price (and all other
capitalizable costs) among the Acquired Assets for all purposes
(including financial accounting and tax purposes) pursuant to an
allocation schedule to be determined no later than seventy-five
(75) days after the Closing.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">3.&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Representations
and Warranties of the Seller</font>. The Seller represents and
warrants to the Buyer that the statements contained in this &#xA7;3
are correct and complete as of the date of this Agreement and will
be correct and complete as of the Closing Date (as though made then
and as though the Closing Date were substituted for the date of
this Agreement throughout this &#xA7;3), except as set forth in the
disclosure schedule accompanying this Agreement (the
&#x201C;Disclosure Schedule<font style="font-style: italic">&#x201D;</font>). The Disclosure Schedule will
be arranged in paragraphs corresponding to the lettered and
numbered paragraphs contained in this &#xA7;3. The disclosures in
any section of this Disclosure Schedule qualify any other
applicable sections of the Disclosure Schedule to the extent it is
reasonably apparent from a reading of the disclosure that such
disclosure is applicable to such other sections of the Disclosure
Schedule.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">5</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 60px">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 60px">
<font style="font-family: Times New Roman; font-size: 13px">(a)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Organization
of the Seller</font>. The Seller is a corporation duly organized,
validly existing, and in good standing under the laws of the
jurisdiction of its incorporation.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 60px">
<font style="font-family: Times New Roman; font-size: 13px">(b)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Authorization
of Transaction</font>. The Seller has full power and authority
(including full corporate power and authority) to execute and
deliver this Agreement and to perform its obligations hereunder.
Without limiting the generality of the foregoing, the board of
directors of the Seller has duly authorized the execution,
delivery, and performance of this Agreement by the Seller. This
Agreement constitutes the valid and legally binding obligation of
the Seller, enforceable in accordance with its terms and
conditions.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 60px">
<font style="font-family: Times New Roman; font-size: 13px">(c)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Noncontravention</font>.
Neither the execution and the delivery of this Agreement, nor the
consummation of the transactions contemplated hereby (including the
assignments and assumptions referred to in &#xA7;2 above), will (i)
violate any constitution, statute, regulation, rule, injunction,
judgment, order, decree, ruling, charge, or other restriction of
any government, governmental agency, or court to which any of the
Seller and the Business is subject or any provision of the charter
or bylaws of any of the Seller or (ii) conflict with, result in a
breach of, constitute a default under, result in the acceleration
of, create in any party the right to accelerate, terminate, modify,
or cancel, or require any notice under any agreement, contract,
lease, license, instrument, or other arrangement to which any of
the Seller is a party or by which it is bound or to which any of
its assets is subject (or result in the imposition of any Security
Interest upon any of its assets). The Seller does not need to give
any notice to, make any filing with, or obtain any authorization,
consent, or approval of any government or governmental agency in
order for the Parties to consummate the transactions contemplated
by this Agreement (including the assignments and assumptions
referred to in &#xA7;2 above).</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 60px">
<font style="font-family: Times New Roman; font-size: 13px">(d)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Brokers
Fees</font>. The Seller has no Liability or obligation to pay any
fees or commissions to any broker, finder, or agent with respect to
the transactions contemplated by this Agreement for which the Buyer
could become liable or obligated.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 60px">
<font style="font-family: Times New Roman; font-size: 13px">(e)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Title
to Assets</font>. As of the Closing Date, the Seller will have good
and marketable title to, or a valid leasehold interest in, the
Acquired Assets, free and clear of all Security Interests. Except
as otherwise set forth in the Reseller Agreement, the Acquired
Assets are all the assets reasonably necessary to permit Buyer to
conduct the Business as the Business is currently being conducted
(except for the assets to which the Reseller Agreement shall
apply).</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 60px">
<font style="font-family: Times New Roman; font-size: 13px">(f)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Financial
Statements</font>. Attached hereto as Exhibit B are the following
financial statements (collectively the &#x201C;<font style="text-decoration: underline">Financial Statements</font>&#x201D;):
unaudited statements of revenues and direct expenses for the fiscal
years ended September 30, 2016, September 30, 2017 and September
30, 2018 (the latter being the &#x201C;<font style="text-decoration: underline">Most Recent Fiscal Year
End</font>&#x201D;) for the Business. The Financial Statements
present fairly the results of operations of the Business for such
periods, are correct and complete in all material respects, and are
consistent with the books and records of the Business (which books
and records are correct and complete). Notwithstanding this, the
Financial Statements do not reflect the allocation of any corporate
overhead but do include the allocation of certain costs, that are
considered to be direct in nature to the Business, on a judgement
basis between the Business and other operations of the Seller. The
Financial Statements also do not reflect any income tax
considerations and do not include explanatory
footnotes.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 60px">
<font style="font-family: Times New Roman; font-size: 13px">(g)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Events
Subsequent to Most Recent Fiscal Year End</font>. Except as listed
in &#xA7;3(g) of the Disclosure Schedule, since the Most Recent
Fiscal Year End, (i) there has been no Material Adverse Effect and
to the Sellers Knowledge no events or circumstances have occurred
which would reasonably be expected to have a Material Adverse
Effect with respect to the Acquired Assets or the Business;
(ii)&#xA0;the Seller has operated the Business only in the Ordinary
Course of Business; (iii)&#xA0;there has been no sale, assignment,
transfer or Encumbrance of any Acquired Assets, or, to the Sellers
Knowledge, any theft, damage, removal of property, destruction,
casualty loss or other diminution in value of the Assets that would
reasonably be expected to have a Material Adverse Effect to the
Acquired Assets; and (iv)&#xA0;the Seller has not agreed, committed
or offered (in writing or otherwise) to take any of the actions
referred to in clause (iii) above.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">6</font></div>
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<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 60px">
<font style="font-family: Times New Roman; font-size: 13px">(h)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Undisclosed
Liabilities</font>. The Business has no Liability (and there is no
Basis for any present or future action, suit, proceeding, hearing,
investigation, charge, complaint, claim, or demand against any of
them giving rise to any Liability against the Business), except for
Liabilities set forth on &#xA7;3(h) of the Disclosure
Schedule.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 60px">
<font style="font-family: Times New Roman; font-size: 13px">(i)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Legal
Compliance</font>. Since January 1, 2014, the Seller and its
respective predecessors has complied in all material respects with
all applicable laws (including rules, regulations, codes, plans,
injunctions, judgments, orders, decrees, rulings, and charges
thereunder) of federal, state, local, and foreign governments (and
all agencies thereof) with respect to the operation of the
Business, and no action, suit, proceeding, hearing, investigation,
charge, complaint, claim, demand, or notice has been filed or
commenced against any of them alleging any failure so to comply
relating to the Business.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 60px">
<font style="font-family: Times New Roman; font-size: 13px">(j)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Tax
Matters</font>. The Seller has received no notice of, nor does the
Seller have any knowledge of, any material deficiency, assessment,
audit, dispute or claim or proposed deficiency, assessment audit,
dispute or claim from any Governmental Authority which could affect
or result in the imposition of an Encumbrance upon the Acquired
Assets.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 60px">
<font style="font-family: Times New Roman; font-size: 13px">(k)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Real
Property</font>. &#xA7;3(k) of the Disclosure Schedule sets forth
the address of each parcel of Leased Real Property relating to the
Business, and a true and complete list of all Leases for each such
parcel of Leased Real Property. The Seller has delivered to the
Buyer a true and complete copy of each such Lease
document.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 60px">
<font style="font-family: Times New Roman; font-size: 13px">(l)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Intellectual
Property</font>. &#xA7;3(l) of the Disclosure Schedule identifies
each patent or registration which has been issued to any of the
Seller and its Subsidiaries with respect to any of its Intellectual
Property relating to the Business or the Acquired Assets,
identifies each pending patent application or application for
registration which any of the Seller and its Subsidiaries has made
with respect to any of its Intellectual Property relating to the
Business or the Acquired Assets, and identifies each material
license, agreement, or other permission which any of the Seller and
its Subsidiaries has granted to any third party with respect to any
of its Intellectual Property relating to the Business or the
Acquired Assets.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 60px">
<font style="font-family: Times New Roman; font-size: 13px">(m)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Contracts</font>.
&#xA7;3(m) of the Disclosure Schedule lists the following contracts
and other agreements or understandings to which the Seller is a
party which relate to the Business. The Seller has delivered to the
Buyer a correct and complete copy of each written agreement (as
amended to date) listed in &#xA7;3(m) of the Disclosure Schedule
and a written summary setting forth the terms and conditions of
each oral agreement referred to in &#xA7;3(m) of the Disclosure
Schedule. With respect to each such agreement: (A) the agreement is
legal, valid, binding, enforceable, and in full force and effect;
(B) the agreement will continue to be legal, valid, binding,
enforceable, and in full force and effect on identical terms
following the consummation of the transactions contemplated hereby;
(C) to Sellers Knowledge, no party is in breach or default, and no
event has occurred which with notice or lapse of time would
constitute a breach or default, or permit termination,
modification, or acceleration, under the agreement; and (D to
Sellers knowledge) no party has repudiated any provision of the
agreement.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 60px">
<font style="font-family: Times New Roman; font-size: 13px">(n)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Litigation</font>.
There is no judgment or order outstanding, or any action, suit,
complaint, proceeding or to Sellers Knowledge investigation by or
before any Governmental Authority or any arbitrator pending, or to
the Sellers knowledge, threatened, involving or affecting all or
any part of the Business or the Acquired Assets or which, if
adversely determined, would delay, restrain or enjoin the
consummation of the transactions contemplated by this Agreement or
declare unlawful the transactions or events contemplated by this
Agreement or cause any of such transactions to be rescinded. To the
Sellers knowledge, no event has occurred, and no claim or dispute
exists, that could reasonably be expected to give rise to or serve
as a basis for the commencement of any such proceeding. There is no
order of any Governmental Authority to which any of the Acquired
Assets is subject.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">7</font></div>
</div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 60px">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 60px">
<font style="font-family: Times New Roman; font-size: 13px">(o)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Employee
Benefits</font><font style="font-size: 13px">.</font></font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 48px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">(i)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;All
contributions (including all employer contributions and employee
salary reduction contributions) which are due have been made to
each such Employee Benefit Plan which is an Employee Pension
Benefit Plan and relates to any of the Seller&#x2019;s employees
described in Section 7(a)(ix) below. All premiums or other payments
which are due have been paid with respect to each such Employee
Benefit Plan which is an Employee Welfare Benefit Plan and relates
to any of the Seller&#x2019;s employees described in Section
7(a)(ix) below.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 48px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">(ii)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
With respect to each Employee Benefit Plan that any of the Seller
and its Subsidiaries or any ERISA Affiliate maintains or has
maintained during the prior six years or to which any of them
contributes relating to any of the Sellers employees described in
Section 7(a)(ix) below, or has been required to contribute during
the prior six years relating to any of the Sellers employees
described in Section 7(a)(ix) below:</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 84px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">(A)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;No
action, suit, proceeding, hearing, or investigation with respect to
the administration or the investment of the assets of any such
Employee Benefit Plan (other than routine claims for benefits) is
pending, except where the action, suit, proceeding, hearing, or
investigation would not have a material adverse effect on the
financial condition of the Seller and its Subsidiaries taken as a
whole.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 84px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">(B)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;None
of the Seller and its Subsidiaries has incurred any liability to
the PBGC (other than PBGC premium payments) or otherwise under
Title IV of ERISA (including any withdrawal liability) with respect
to any such Employee Benefit Plan which is an Employee Pension
Benefit Plan.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 60px">
<font style="font-family: Times New Roman; font-size: 13px">(p)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Environmental,
Health, and Safety Matters</font>.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 48px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">(i)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;To
the Sellers Knowledge, the Seller and its Subsidiaries are in
compliance with Environmental, Health, and Safety Requirements
relating to the Business and the Acquired Assets, except for such
noncompliance as would not have a material adverse effect on the
financial condition of the Seller and its Subsidiaries taken as a
whole relating to the Business and the Acquired
Assets.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 48px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">(ii)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;To
the Sellers Knowledge, the Seller and its Subsidiaries have not
received any written notice, report or other information regarding
any actual or alleged material violation of Environmental, Health,
and Safety Requirements, or any material liabilities or potential
material liabilities (whether accrued, absolute, contingent,
unliquidated or otherwise), including any investigatory, remedial
or corrective obligations, relating to the Seller or its
Subsidiaries or their facilities arising under Environmental,
Health, and Safety Requirements relating to the Business and the
Acquired Assets, the subject of which would have a material adverse
effect on the financial condition of the Business or the Acquired
Assets.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 48px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">(iii)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;This
&#xA7; 3(p) contains the sole and exclusive representations and
warranties of the Seller with respect to any environmental, health,
or safety matters, including without limitation any arising under
any Environmental, Health, and Safety Requirements.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 60px">
<font style="font-family: Times New Roman; font-size: 13px">(q)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Service
Warranty</font>. All services provided or delivered by the Seller
relating to the Business have been in material conformity with all
applicable contractual commitments and all express and implied
warranties, and the Seller has no material Liability (and there is
no Basis for any present or future action, suit, proceeding,
hearing, investigation, charge, complaint, claim, or demand against
any of them giving rise to any material Liability) for damages in
connection therewith relating to the Business. To the Sellers
Knowledge, no service sold, provided, or delivered by the Seller
and its Subsidiaries and related to the Business is subject to any
indemnity by a client or customer against the Seller or a
Subsidiary that represents a material liability to the Business.
The Seller has made available to the Buyer the form of any material
agreements it has with customers for which the Seller or a
Subsidiary has provided services relating to the Business for the
past three years.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">8</font></div>
</div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 60px">
<font style="font-family: Times New Roman; font-size: 13px">(r)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Service
Liability</font>. To the Sellers Knowledge, neither the Seller nor
its Subsidiaries have any Liability (and there is no Basis for any
present or future action, suit, proceeding, hearing, investigation,
charge, complaint, claim, or demand against any of them giving rise
to any Liability) arising out of any injury or damage to property
as a result of the ownership, possession, or use of any services
sold, provided, or delivered by the Seller or its
Subsidiaries.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 60px">
<font style="font-family: Times New Roman; font-size: 13px">(s)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Employees</font>.
To the Sellers Knowledge, no executive, key employee, or group of
employees who is materially involved in the direct operation of the
Business has any plans to terminate employment with Seller. With
respect to these employees, the Seller is not a party to or bound
by any collective bargaining agreement, nor has it experienced any
strikes, claims of unfair labor practices, or other collective
bargaining disputes. Since January 1, 2014, the Seller has not
committed any material unfair labor practice. To the Sellers
Knowledge, there is no organizational effort presently being made
or threatened by or on behalf of any labor union with respect to
employees of the Business.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 60px">
<font style="font-family: Times New Roman; font-size: 13px">(t)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Disclosure</font>.
The representations and warranties contained in this &#xA7;3 do not
contain any untrue statement of a material fact or knowingly omit
to state any material fact necessary in order to make the
statements and information contained in this &#xA7;3 not
misleading.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">4.&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Representations
and Warranties of the Buyer</font>. The Buyer represents and
warrants to the Seller that the statements contained in this
&#xA7;4 are correct and complete as of the date of this Agreement
and will be correct and complete as of the Closing Date (as though
made then and as though the Closing Date were substituted for the
date of this Agreement throughout this &#xA7;4), except as set
forth in the Disclosure Schedule. The Disclosure Schedule will be
arranged in paragraphs corresponding to the lettered and numbered
paragraphs contained in this &#xA7;4. The disclosures in any
section of this Disclosure Schedule qualify any other applicable
sections of the Disclosure Schedule to the extent it is reasonably
apparent from a reading of the disclosure that such disclosure is
applicable to such other sections of the Disclosure
Schedule.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 60px">
<font style="font-family: Times New Roman; font-size: 13px">(a)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Organization
of the Buyer</font>. The Buyer is a corporation duly organized,
validly existing, and in good standing under the laws of the
jurisdiction of its incorporation.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 60px">
<font style="font-family: Times New Roman; font-size: 13px">(b)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Authorization
of Transaction</font>. The Buyer has full power and authority
(including full corporate power and authority) to execute and
deliver this Agreement and to perform its obligations hereunder.
This Agreement constitutes the valid and legally binding obligation
of the Buyer, enforceable in accordance with its terms and
conditions.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 60px">
<font style="font-family: Times New Roman; font-size: 13px">(c)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Noncontravention</font>.
Neither the execution and the delivery of this Agreement, nor the
consummation of the transactions contemplated hereby (including the
assignments and assumptions referred to in &#xA7;2 above), will (i)
violate any constitution, statute, regulation, rule, injunction,
judgment, order, decree, ruling, charge, or other restriction of
any government, governmental agency, or court to which the Buyer is
subject or any provision of its charter or bylaws or (ii) conflict
with, result in a breach of, constitute a default under, result in
the acceleration of, create in any party the right to accelerate,
terminate, modify, or cancel, or require any notice under any
agreement, contract, lease, license, instrument, or other
arrangement to which the Buyer is a party or by which it is bound
or to which any of its assets is subject. The Buyer does not need
to give any notice to, make any filing with, or obtain any
authorization, consent, or approval of any government or
governmental agency in order for the Parties to consummate the
transactions contemplated by this Agreement (including the
assignments and assumptions referred to in &#xA7;2
above).</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 60px">
<font style="font-family: Times New Roman; font-size: 13px">(d)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Brokers
Fees</font>. The Buyer has no Liability or obligation to pay any
fees or commissions to any broker, finder, or agent with respect to
the transactions contemplated by this Agreement for which the
Seller could become liable or obligated.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">9</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">5.&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Pre-Closing
Covenants</font>. The Parties agree as follows with respect to the
period between the execution of this Agreement and the
Closing.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 60px">
<font style="font-family: Times New Roman; font-size: 13px">(a)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">General</font>.
Each of the Parties will use its reasonable best efforts to take
all action and to do all things necessary, proper, or advisable in
order to consummate and make effective the transactions
contemplated by this Agreement (including satisfaction, but not
waiver, of the Closing conditions set forth in &#xA7;7
below).</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 60px">
<font style="font-family: Times New Roman; font-size: 13px">(b)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Notices
and Consents</font>. The Seller will give any notices to third
parties, and the Seller will use its reasonable best efforts to
obtain any third party consents, approvals and cooperation to
ensure that material agreements and relationships relating to the
Acquired Assets and Business, as set forth on the Disclosure
Schedule, are assigned and transferred to the Buyer. The Buyer
agrees and acknowledges that the Sellers agreements with its
customers relating to the Business are terminable at will by the
customer upon limited written notice.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 60px">
<font style="font-family: Times New Roman; font-size: 13px">(c)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Operation
of Business</font>. The Seller will not cause or permit the
Business to engage in any practice, take any action, or enter into
any transaction outside the Ordinary Course of
Business.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 60px">
<font style="font-family: Times New Roman; font-size: 13px">(d)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Preservation
of Business</font>. The Seller will use its reasonable best efforts
to cause to keep its business and properties substantially intact,
including its present operations, physical facilities, working
conditions, and relationships with lessors, licensors, suppliers,
customers, and employees.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 60px">
<font style="font-family: Times New Roman; font-size: 13px">(e)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Full
Access</font>. The Seller will permit representatives of the Buyer
to have full access at all reasonable times and upon reasonable
advance notice and during normal business hours, and in a manner so
as not to interfere with the normal business operations of the
Business, to all premises, properties, personnel, books, records
(including Tax records), contracts, and documents of or pertaining
to the Business.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 60px">
<font style="font-family: Times New Roman; font-size: 13px">(f)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Notice
of Developments</font>. Each Party will give prompt written notice
to the other Party of any material adverse development causing a
breach of any of its own representations and warranties in &#xA7;3
and &#xA7;4 above. No disclosure by any Party pursuant to this
&#xA7;5(f), however, shall be deemed to amend or supplement the
Disclosure Schedule or to prevent or cure any misrepresentation,
breach of warranty, or breach of covenant.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 60px">
<font style="font-family: Times New Roman; font-size: 13px">(g)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Exclusivity</font>.
Through January 15, 2018, the Seller will not (and the Seller will
not cause or permit the Business to) (i) solicit, initiate, or
encourage the submission of any proposal or offer from any Person
relating to the acquisition of any capital stock or other voting
securities, or any substantial portion of the assets, of the
Business (including any acquisition structured as a merger,
consolidation, or share exchange) or (ii) participate in any
discussions or negotiations regarding, furnish any information with
respect to, assist or participate in, or facilitate in any other
manner any effort or attempt by any Person to do or seek any of the
foregoing. The Seller will notify the Buyer immediately if any
Person makes any proposal, offer, inquiry, or contact with respect
to any of the foregoing.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 60px">
<font style="font-family: Times New Roman; font-size: 13px">(h)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Maintenance
of Real Property</font>. The Seller will cause the Business to
maintain the Real Property, including all of the Improvements, in
substantially the same condition as of the date of this Agreement,
ordinary wear and tear excepted, and shall not demolish or remove
any of the existing Improvements, or erect new improvements on the
Real Property or any portion thereof, without the prior written
consent of the Buyer.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">10</font></div>
</div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 60px">
<font style="font-family: Times New Roman; font-size: 13px">(i)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Leases</font>.
The Seller will not and the Seller will not cause or permit the
Business to amend, modify, extend, renew or terminate any Lease,
nor shall the Business enter into any new lease, sublease, license
or other agreement for the use or occupancy of any real property,
without the prior written consent of the Buyer.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">6.&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Post-Closing
Covenants</font>. The Parties agree as follows with respect to the
period following the Closing.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 60px">
<font style="font-family: Times New Roman; font-size: 13px">(a)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">General</font>.
In case at any time after the Closing any further action is
necessary or desirable to carry out the purposes of this Agreement,
each of the Parties will take such further action (including the
execution and delivery of such further instruments and documents)
as the other Party reasonably may request, all the sole cost and
expense of the requesting Party (unless the requesting Party is
entitled to indemnification therefor under &#xA7;8 below). The
Seller acknowledges and agrees that from and after the Closing the
Buyer will be entitled to copies of all documents, books, records
(including Tax records), agreements, and financial data of any sort
relating to, and of continuing relevance to, the
Business.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 60px">
<font style="font-family: Times New Roman; font-size: 13px">(b)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Audits
and Other Filings</font>. Subsequent to the Closing Date, in the
event the Buyer is required by any Governmental Authority to make
any regulatory filings and/or disclosures, which may include but is
not limited to the preparation and filing of audited statement of
revenue and direct expenses of the Seller as they relate to the
Acquired Assets for the fiscal year ended September 30, 2018 (an
&#x201C;Audit&#x201D;), the Seller will use its best efforts to
cooperate and make available to the Buyer and any independent
auditing firm, as applicable, such books and records of the Seller
as are requested in order for the Buyer to comply with its
regulatory obligations, including an Audit, on a timely basis. For
the avoidance of doubt, a failure of the Seller to use its best
efforts to cooperate and make such books and records available as
set forth above shall be a material breach of this Agreement. In
the event an Audit is required, the independent auditing firm to
perform the Audit will be selected by the Buyer. The Buyer will be
responsible for costs and expenses, including professional fees,
relating to an Audit up to $30,000.00 (regardless of whether such
costs and expenses are incurred prior or subsequent to the
Closing). The Seller will be responsible for costs and expenses,
including professional fees, relating to an Audit which are in
excess of $30,000.00 (regardless of whether such costs and expenses
are incurred prior or subsequent to the Closing). For the purposes
of clarity, the Seller shall be responsible for all costs and
expenses relating to the preparation of any statement of revenue
and direct expenses necessary for an Audit (regardless of whether
such costs and expenses are incurred prior or subsequent to the
Closing); <font style="text-decoration: underline">provided,
however</font>, the Buyer shall solely be responsible for all costs
and expenses relating to the preparation and Audit of any
statements of assets acquired and liabilities assumed which might
be required as part of the regulatory requirements relating to this
transaction.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 60px">
<font style="font-family: Times New Roman; font-size: 13px">(c)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Litigation
Support</font>. In the event and for so long as any Party actively
is contesting or defending against any action, suit, proceeding,
hearing, investigation, charge, complaint, claim, or demand in
connection with (i) any transaction contemplated under this
Agreement or (ii) any fact, situation, circumstance, status,
condition, activity, practice, plan, occurrence, event, incident,
action, failure to act, or transaction on or prior to the Closing
Date involving the Business, the other Party will cooperate with
the contesting or defending Party and its counsel in the contest or
defense, make available its personnel, and provide such testimony
and access to its books and records as shall be necessary in
connection with the contest or defense, all at the sole cost and
expense of the contesting or defending Party (unless the contesting
or defending Party is entitled to indemnification therefor under
&#xA7;8 below).</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 60px">
<font style="font-family: Times New Roman; font-size: 13px">(d)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Transition</font>.
The Seller will not take any action that is designed or intended to
have the effect of discouraging any lessor, licensor, customer,
supplier, or other business associate of the Business from
maintaining the same business relationships with the Buyer after
the Closing as it maintained with the Business prior to the
Closing. The Seller will refer all customer inquiries relating to
the Business to the Buyer from and after the Closing.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">11</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 60px">
<font style="font-family: Times New Roman; font-size: 13px">(e)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Confidentiality</font>.
The Seller will treat and hold as such all of the Confidential
Information, refrain from using any of the Confidential Information
except in connection with this Agreement or for historical
accounting, regulatory and/or tax support. In the event that the
Seller is requested or required (by oral question or request for
information or documents in any legal proceeding, interrogatory,
subpoena, civil investigative demand, or similar process) to
disclose any Confidential Information, the Seller will notify the
Buyer promptly of the request or requirement so that the Buyer may
seek an appropriate protective order or waive compliance with the
provisions of this &#xA7;6(e). If, in the absence of a protective
order or the receipt of a waiver hereunder, the Seller is, on the
advice of counsel, compelled to disclose any Confidential
Information to any tribunal or else stand liable for contempt, the
Seller may disclose the Confidential Information to the tribunal;
<font style="font-style: italic">provided, however</font>, that the
Seller shall use its best efforts to obtain, at the request of the
Buyer, an order or other assurance that confidential treatment will
be accorded to such portion of the Confidential Information
required to be disclosed as the Buyer shall designate.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 60px">
<font style="font-family: Times New Roman; font-size: 13px">(f)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Covenant
Not to Compete</font>. For a period of five years from and after
the Closing Date, the Seller will not engage directly or indirectly
in any business that the Business conducts as of the Closing Date
in the United States; <font style="font-style: italic">provided,
however</font>, (i) the Sellers activity set forth in the Reseller
Agreement shall specifically not be a violation of this &#xA7;6(f)
and (ii) that no owner of less than 1% of the outstanding stock of
any publicly traded corporation shall not be a violation of this
&#xA7;6(f) solely by reason thereof. If the final judgment of a
court of competent jurisdiction declares that any term or provision
of this &#xA7;6(f) is invalid or unenforceable, the Parties agree
that the court making the determination of invalidity or
unenforceability shall have the power to reduce the scope,
duration, or area of the term or provision, to delete specific
words or phrases, or to replace any invalid or unenforceable term
or provision with a term or provision that is valid and enforceable
and that comes closest to expressing the intention of the invalid
or unenforceable term or provision, and this Agreement shall be
enforceable as so modified after the expiration of the time within
which the judgment may be appealed.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="display: table; margin-left: 49px">
<div style="display: table-row">
<div style="display: table-cell; width: 47px"><font style="font-family: Times New Roman; font-size: 13px">7.&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font></div>
<div style="text-align: left; display: table-cell"><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Conditions to Obligation to
Close</font>.</font></div>
</div>
</div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 60px">
<font style="font-family: Times New Roman; font-size: 13px">(a)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Conditions
to Obligation of the Buyer</font>. The obligation of the Buyer to
consummate the transactions to be performed by it in connection
with the Closing is subject to satisfaction of the following
conditions:</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 48px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">(i)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;the
representations and warranties set forth in &#xA7;3 above shall be
true and correct in all material respects at and as of the Closing
Date;</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 48px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">(ii)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
the Seller shall have performed and complied with all of its
covenants hereunder in all material respects through the
Closing;</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 48px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">(iii)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
the Seller shall have procured all of the third party consents
specified in &#xA7;5(b) above;</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 48px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">(iv)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
no action, suit, or proceeding shall be pending or threatened
before any court or quasi-judicial or administrative agency of any
federal, state, local, or foreign jurisdiction or before any
arbitrator wherein an unfavorable injunction, judgment, order,
decree, ruling, or charge would (A) prevent consummation of any of
the transactions contemplated by this Agreement, (B) cause any of
the transactions contemplated by this Agreement to be rescinded
following consummation, or (C) affect adversely the right of the
Buyer to own the Acquired Assets, to operate the former businesses
of the Business.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 48px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">(v)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
the Seller shall have delivered to the Buyer a certificate to the
effect that each of the conditions specified above in
&#xA7;7(a)(i)-(iv) is satisfied in all respects;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">12</font></div>
</div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: left; margin-left: 48px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">(vi)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
the Buyer and the Seller, and the Buyer and Seller&#x2019;s
wholly-owned subsidiary shall have entered into those certain
Reseller Agreements which shall become effective simultaneously
with the Closing in substantially the form attached hereto as
Exhibits C-1 and C-2 (the &#x201C;<font style="text-decoration: underline">Reseller
Agreements</font>&#x201D;);</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 48px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">(vii)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
the Buyer and the Seller&#x2019;s wholly owned subsidiary shall have
entered into that certain Teleconferencing Reseller Service
Agreement which shall become effective simultaneously with the
Closing in substantially the form attached hereto as Exhibit D (the
&#x201C;<font style="text-decoration: underline">Teleconferencing
Reseller Agreement</font>&#x201D;);</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 48px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">(viii)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
the Buyer and certain key members of the Sellers management to be
identified during the Buyers due diligence, and agreed to by
Seller, shall have entered into Non-Competition and
Non-Solicitation Agreements which shall become effective
simultaneously with the Closing in substantially the form attached
hereto as Exhibit E (the &#x201C;<font style="text-decoration: underline">Non-Compete
Agreement</font>&#x201D;);</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 48px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">(ix)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
the Buyer shall have entered into employee or consulting
arrangements with certain key employees of the Seller relating to
the Business to be identified during the Buyers due diligence, and
agreed to by Seller;</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 48px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;(x)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
all actions to be taken by the Seller in connection with
consummation of the transactions contemplated hereby and all
certificates, instruments, and other documents required to effect
the transactions contemplated hereby will be satisfactory in form
and substance to the Buyer, including but not limited to the Seller
providing the Buyer satisfactory written documentation regarding
the full and complete release of any claims, liens, or any other
type of security interest regarding the Acquired
Assets;</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 48px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;(xi)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
to the extent the Buyer has not entered into a separate lease
agreement with any of the landlords of the Leased Real Property
effective as of the Closing Date, the Seller shall have obtained
and delivered to the Buyer a written consent for the assignment of
each of the Leases (excepting any Leased Real Property located at
50 Hudson Street, New York, NY 10013) a waiver of landlord liens,
collateral assignment of lease or leasehold mortgage from the
landlord or other party whose consent thereto is required under
such Lease, in substantially the form attached hereto as Exhibit
F-1 (the &#x201C;<font style="text-decoration: underline">Consent
and Assignment of</font> <font style="text-decoration: underline">Lease</font>&#x201D;);</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 48px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">(xii)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
to the extent the Buyer has not entered into a separate lease
agreement with any of the landlords of the Leased Real Property
effective as of the Closing Date, the Seller shall have obtained
and delivered to the Buyer an estoppel certificate with respect to
each of the Leases (excepting any Leased Real Property located at
50 Hudson Street, New York, NY 10013), dated no more than 30 days
prior to the Closing Date, from the other party to such Lease, in
substantially the form attached hereto as Exhibit F-2 (the
&#x201C;<font style="text-decoration: underline">Landlord Estoppel
Certificate</font>&#x201D;);</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 48px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">(xiii)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
to the extent the Buyer has not entered into a separate lease
agreement with any of the landlords of the Leased Real Property
effective as of the Closing Date, the Seller shall have used its
best efforts to obtain and deliver to the Buyer a non-disturbance
agreement with respect to each of the Leases (excepting any Leased
Real Property located at 50 Hudson Street, New York, NY 10013) from
each lender encumbering any real property underlying the Leased
Real Property for such Lease, in substantially the form attached
hereto as Exhibit F-3 (the &#x201C;<font style="text-decoration: underline">Subordination, Non-Disturbance and
Attornment Agreement</font>&#x201D;);</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 48px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">(xiv)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
the Buyer and the Seller shall have entered into that certain URL
Assignment and Consent Agreement which shall become effective
simultaneously with the Closing in substantially the form attached
hereto as Exhibit G (the &#x201C;<font style="text-decoration: underline">URL Agreement</font>&#x201D;);
and</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">13</font></div>
</div>
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<div id="hdr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 48px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: left; margin-left: 48px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">(xv)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
no damage or destruction or other change has occurred with respect
to any of the Real Property or any portion thereof that,
individually or in the aggregate, would have a material adverse
effect on the use or occupancy of the Real Property or the
operation of the Business as currently conducted
thereon.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">The
Buyer may waive any condition specified in this &#xA7;7(a) if it
executes a writing so stating at or prior to the
Closing.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 60px">
<font style="font-family: Times New Roman; font-size: 13px">(b)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Conditions
to Obligation of the Seller</font>. The obligation of the Seller to
consummate the transactions to be performed by it in connection
with the Closing is subject to satisfaction of the following
conditions:</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 48px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">(i)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;the
representations and warranties set forth in &#xA7;4 above shall be
true and correct in all material respects at and as of the Closing
Date;</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 48px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">(ii)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
the Buyer shall have performed and complied with all of its
covenants hereunder in all material respects through the
Closing;</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 48px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">(iii)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
no action, suit, or proceeding shall be pending or threatened
before any court or quasi-judicial or administrative agency of any
federal, state, local, or foreign jurisdiction or before any
arbitrator wherein an unfavorable injunction, judgment, order,
decree, ruling, or charge would (A) prevent consummation of any of
the transactions contemplated by this Agreement or (B) cause any of
the transactions contemplated by this Agreement to be rescinded
following consummation (and no such injunction, judgment, order,
decree, ruling, or charge shall be in effect);</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 48px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">(iv)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
the Buyer shall have delivered to the Seller a certificate to the
effect that each of the conditions specified above in
&#xA7;7(b)(i)-(iii) is satisfied in all respects;</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 48px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">(v)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
the Buyer and the Seller, and the Buyer and the Seller&#x2019;s
wholly-owned subsidiary, shall have entered into those certain
Reseller Agreements which shall become effective simultaneously
with the Closing;</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 48px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">(vi)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
the Buyer and the Seller&#x2019;s wholly owned subsidiary shall have
entered into that certain Teleconferencing Reseller Agreement which
shall become effective simultaneously with the Closing;
and</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 48px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">(viii)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
all actions to be taken by the Buyer in connection with
consummation of the transactions contemplated hereby and all
certificates, instruments, and other documents required to effect
the transactions contemplated hereby will be satisfactory in form
and substance to the Seller.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">The
Seller may waive any condition specified in this &#xA7;7(b) if it
executes a writing so stating at or prior to the
Closing.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="display: table; margin-left: 49px">
<div style="display: table-row">
<div style="display: table-cell; width: 47px"><font style="font-family: Times New Roman; font-size: 13px">8.&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font></div>
<div style="text-align: left; display: table-cell"><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Remedies for Breaches of This
Agreement</font>.</font></div>
</div>
</div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 60px">
<font style="font-family: Times New Roman; font-size: 13px">(a)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Survival
of Representations and Warranties</font>. <font style="font-size: 13px">&#xA0;</font>All of the representations and
warranties of the Buyer and the Seller contained in this Agreement
shall survive the Closing (even if the damaged Party knew or had
reason to know of any misrepresentation or breach of warranty at
the time of Closing) for a period of 24 months (subject to any
applicable statutes of limitations); provided; however, the
representations and warranties of the Seller contained in Sections
3(a), (b), (c), (e) and (k) shall survive the Closing (even if the
damaged Party knew or had reason to know of any misrepresentation
or breach of warranty at the time of Closing) for a period of 60
months. These limitations shall not apply in the event of any fraud
or willful misconduct of wither the Buyer of the
Seller.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">14</font></div>
</div>
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<div id="hdr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 60px">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 60px">
<font style="font-family: Times New Roman; font-size: 13px">(b)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Indemnification
Provisions for Benefit of the Buyer</font>.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 48px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">(i)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;In
the event the Seller breaches (or in the event any third party
alleges facts that, if true, would mean the Seller has breached)
any of its representations, warranties, and covenants contained in
this Agreement, and, if there is an applicable survival period
pursuant to &#xA7;8(a) above, provided that the Buyer makes a
written claim for indemnification against the Seller pursuant to
&#xA7;10(g) below within such survival period, then the Seller
agrees to indemnify the Buyer from and against the entirety of any
Adverse Consequences the Buyer may suffer through and after the
date of the claim for indemnification (including any Adverse
Consequences the Buyer may suffer after the end of any applicable
survival period) resulting from, arising out of, relating to, in
the nature of, or caused by the breach (or the alleged
breach).</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 48px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">(ii)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;The
Seller agrees to indemnify the Buyer from and against the entirety
of any Adverse Consequences the Buyer may suffer resulting from,
arising out of, relating to, in the nature of, or caused by any
Liability of the Seller which is not an Assumed
Liability</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 60px">
<font style="font-family: Times New Roman; font-size: 13px">(c)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Indemnification
Provisions for Benefit of the Seller</font>.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 48px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">(i)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;In
the event the Buyer breaches (or in the event any third party
alleges facts that, if true, would mean the Buyer has breached) any
of its representations, warranties, and covenants contained in this
Agreement, and, if there is an applicable survival period pursuant
to &#xA7;8(a) above, provided that the Seller makes a written claim
for indemnification against the Buyer pursuant to &#xA7;10(g) below
within such survival period, then the Buyer agrees to indemnify the
Seller from and against the entirety of any Adverse Consequences
the Seller may suffer through and after the date of the claim for
indemnification (including any Adverse Consequences the Seller may
suffer after the end of any applicable survival period) resulting
from, arising out of, relating to, in the nature of, or caused by
the breach (or the alleged breach).</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 48px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">(ii)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
The Buyer agrees to indemnify the Seller from and against the
entirety of any Adverse Consequences the Seller may suffer
resulting from, arising out of, relating to, in the nature of, or
caused by any Assumed Liability.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 60px">
<font style="font-family: Times New Roman; font-size: 13px">(d)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Matters
Involving Third Parties</font>.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 48px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">(i)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;If
any third party shall notify any Party (the &#x201C;<font style="text-decoration: underline">Indemnified Party</font>&#x201D;) with
respect to any matter (a &#x201C;<font style="text-decoration: underline">Third Party Claim</font>&#x201D;) which
may give rise to a claim for indemnification against the other
Party (the &#x201C;<font style="text-decoration: underline">Indemnifying Party</font>&#x201D;)
under this &#xA7;8, then the Indemnified Party shall promptly
notify the Indemnifying Party thereof in writing; <font style="font-style: italic">provided, however</font>, that no delay on the
part of the Indemnified Party in notifying the Indemnifying Party
shall relieve the Indemnifying Party from any obligation hereunder
unless (and then solely to the extent) the Indemnifying Party
thereby is prejudiced.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 48px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">(ii)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;The
Indemnifying Party will have the right to defend the Indemnified
Party against the Third Party Claim with counsel of its choice
reasonably satisfactory to the Indemnified Party so long as (A) the
Indemnifying Party notifies the Indemnified Party in writing within
15 days after the Indemnified Party has given notice of the Third
Party Claim that the Indemnifying Party will indemnify the
Indemnified Party from and against any Adverse Consequences the
Indemnified Party may suffer resulting from, arising out of,
relating to, in the nature of, or caused by the Third Party Claim,
(B) the Indemnifying Party provides the Indemnified Party with
evidence acceptable to the Indemnified Party that the Indemnifying
Party will have the financial resources to defend against the Third
Party Claim and fulfill its indemnification obligations hereunder,
(C) the Third Party Claim involves only money damages and does not
seek an injunction or other equitable relief, (D) settlement of, or
an adverse judgment with respect to, the Third Party Claim is not,
in the good faith judgment of the Indemnified Party, likely to
establish a precedential custom or practice adverse to the
continuing business interests of the Indemnified Party, and (E) the
Indemnifying Party conducts the defense of the Third Party Claim
actively and diligently.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">15</font></div>
</div>
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<div id="hdr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 48px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: left; margin-left: 48px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">(iii)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;So
long as the Indemnifying Party is conducting the defense of the
Third Party Claim in accordance with &#xA7;8(d)(ii) above, (A) the
Indemnified Party may retain separate co-counsel at its sole cost
and expense and participate in the defense of the Third Party
Claim, (B) the Indemnified Party will not consent to the entry of
any judgment or enter into any settlement with respect to the Third
Party Claim without the prior written consent of the Indemnifying
Party, and (C) the Indemnifying Party will not consent to the entry
of any judgment or enter into any settlement with respect to the
Third Party Claim without the prior written consent of the
Indemnified Party.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 48px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">(iv)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;In
the event any of the conditions in &#xA7;8(d)(ii) above is or
becomes unsatisfied, however, (A) the Indemnified Party may defend
against, and consent to the entry of any judgment or enter into any
settlement with respect to, the Third Party Claim in any manner it
may deem appropriate (and the Indemnified Party need not consult
with, or obtain any consent from, the Indemnifying Party in
connection therewith), (B) the Indemnifying Party will reimburse
the Indemnified Party promptly and periodically for the costs of
defending against the Third Party Claim (including attorney&#x2019;s
fees and expenses), and (C) the Indemnifying Party will remain
responsible for any Adverse Consequences the Indemnified Party may
suffer resulting from, arising out of, relating to, in the nature
of, or caused by the Third Party Claim to the fullest extent
provided in this &#xA7;8.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 60px">
<font style="font-family: Times New Roman; font-size: 13px">(e)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Determination
of Adverse Consequences</font>. The Parties shall take into account
the time cost of money (using the Applicable Rate as the discount
rate) in determining Adverse Consequences for purposes of this
&#xA7;8. All indemnification payments under this &#xA7;8 shall be
deemed adjustments to the Purchase Price.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 60px">
<font style="font-family: Times New Roman; font-size: 13px">(f)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Certain
Limitations</font>. The indemnification provided for in Section 8
shall be subject to the following limitations:</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 48px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">(i)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;The
Indemnifying Party shall not be liable to the Indemnified Party for
indemnification under Section 8 until the aggregate amount of all
losses in respect of indemnification under Section 8 exceeds
$50,000 (the &#x201C;Deductible&#x201D;), in which event the
Indemnifying Party shall only be required to pay or be liable for
losses in excess of the Deductible.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 48px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">(ii)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;The
aggregate amount of all losses for which an Indemnifying Party
shall be liable pursuant to Section 8 shall not exceed $2,000,000.
This limitation shall not apply to any claim for fraud or willful
misconduct.</font></div>
<div style="text-align: left; margin-left: 48px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: left; margin-left: 48px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">(iii)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
&#xA0;&#xA0; Payments by an Indemnifying Party pursuant to Section
8 in respect of any loss shall be limited to the amount of any
liability or damage that remains after deducting therefrom any
insurance proceeds and any indemnity, contribution or other similar
payment received or reasonably expected to be received by the
Indemnified Party in respect of any such claim. The Indemnified
Party shall use its commercially reasonable efforts to recover
under insurance policies or indemnity, contribution or other
similar agreements for any losses prior to seeking indemnification
under this Agreement.</font></div>
<div style="text-align: left; margin-left: 48px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: left; margin-left: 48px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">(iv)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
Payments by an Indemnifying Party pursuant to Section 8 in respect
of any loss shall be reduced by an amount equal to any tax benefit
realized or reasonably expected to be realized as a result of such
loss by the Indemnified Party.</font></div>
<div style="text-align: left; margin-left: 48px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: left; margin-left: 48px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">(v)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;In
no event shall any Indemnifying Party be liable to any Indemnified
Party for any punitive, incidental, consequential, special or
indirect damages, including loss of future revenue or income, loss
of business reputation or opportunity relating to the breach or
alleged breach of this Agreement, or diminution of value or any
damages based on any type of multiple.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">16</font></div>
</div>
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<div id="hdr">
<div style="text-align: right; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: left; margin-left: 48px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">(vi)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Each
Indemnified Party shall take, and cause its affiliates to take, all
reasonable steps to mitigate any Loss upon becoming aware of any
event or circumstance that would be reasonably expected to, or
does, give rise thereto, including incurring costs only to the
minimum extent necessary to remedy the breach that gives rise to
such loss.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 60px">
<font style="font-family: Times New Roman; font-size: 13px">(g)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Other
Indemnification Provisions</font>. The foregoing indemnification
provisions are in addition to, and not in derogation of, equitable
remedy (but not any statutory or common law remedy) any Party may
have for breach of representation, warranty, or covenant (including
without limitation any such remedy arising under Environmental,
Health, and Safety Requirements) any Party may have with respect to
the Business or the transactions contemplated by this Agreement.
The limitations of this provision shall not apply to any claim for
fraud or willful misconduct.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="display: table; margin-left: 49px">
<div style="display: table-row">
<div style="display: table-cell; width: 47px"><font style="font-family: Times New Roman; font-size: 13px">9.&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font></div>
<div style="text-align: left; display: table-cell"><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Termination</font>.</font></div>
</div>
</div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 60px">
<font style="font-family: Times New Roman; font-size: 13px">(a)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Termination
of Agreement</font>. Certain of the Parties may terminate this
Agreement as provided below:</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 48px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">(i)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;the
Buyer and the Seller may terminate this Agreement by mutual written
consent at any time prior to the Closing;</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 48px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">(ii)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;the
Buyer may terminate this Agreement prior to the Closing by giving
written notice to the Seller on or before the 30th day following
the date of this Agreement if the Buyer is not satisfied with the
results of its continuing business, legal, environmental, and
accounting due diligence regarding the Business and provided that
Buyer identifies in writing as a basis for such termination the
material and relevant finding not previously disclosed to Buyer as
of the date of this Agreement;</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 48px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">(iii)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;the
Buyer may terminate this Agreement by giving written notice to the
Seller at any time prior to the Closing (A) in the event the Seller
has breached any material representation, warranty, or covenant
contained in this Agreement in any material respect, the Buyer has
notified the Seller of the breach, and the breach has continued
without cure for a period of 15 days after the notice of breach or
(B) if the Closing shall not have occurred on or before December
31, 2018 by reason of the failure of any condition precedent under
&#xA7;7(a) hereof (unless the failure results primarily from the
Buyer itself breaching any representation, warranty, or covenant
contained in this Agreement); and</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 48px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">(iv)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;the
Seller may terminate this Agreement by giving written notice to the
Buyer at any time prior to the Closing (A) in the event the Buyer
has breached any material representation, warranty, or covenant
contained in this Agreement in any material respect, the Seller has
notified the Buyer of the breach, and the breach has continued
without cure for a period of 15 days after the notice of breach or
(B) if the Closing shall not have occurred on or before December
31, 2018, by reason of the failure of any condition precedent under
&#xA7;7(b) hereof (unless the failure results primarily from the
Seller itself breaching any representation, warranty, or covenant
contained in this Agreement).</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 60px">
<font style="font-family: Times New Roman; font-size: 13px">(b)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Effect
of Termination</font>. If any Party terminates this Agreement
pursuant to &#xA7;9(a) above, all rights and obligations of the
Parties hereunder shall terminate without any Liability of any
Party to the other Party (except for any Liability of any Party
then in breach).</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="display: table; margin-left: 49px">
<div style="display: table-row">
<div style="display: table-cell; width: 47px"><font style="font-family: Times New Roman; font-size: 13px">10.&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font></div>
<div style="text-align: left; display: table-cell"><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Miscellaneous</font>.</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">17</font></div>
</div>
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<div id="hdr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 60px">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 60px">
<font style="font-family: Times New Roman; font-size: 13px">(a)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Press
Releases and Public Announcements</font>. No Party shall issue any
press release or make any public announcement relating to the
subject matter of this Agreement prior to the Closing without the
prior written approval of the other Party; <font style="font-style: italic">provided, however</font>, that any Party may
make any public disclosure it believes in good faith is required by
applicable law or any listing or trading agreement concerning its
publicly-traded securities (in which case the disclosing Party will
use its best efforts to advise the other Party prior to making the
disclosure).</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 60px">
<font style="font-family: Times New Roman; font-size: 13px">(b)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">No
Third-Party Beneficiaries</font>. This Agreement shall not confer
any rights or remedies upon any Person other than the Parties and
their respective successors and permitted assigns.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 60px">
<font style="font-family: Times New Roman; font-size: 13px">(c)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Entire
Agreement</font>. This Agreement (including the documents referred
to herein) constitutes the entire agreement between the Parties and
supersedes any prior understandings, agreements, or representations
by or between the Parties, written or oral, to the extent they have
related in any way to the subject matter hereof.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 60px">
<font style="font-family: Times New Roman; font-size: 13px">(d)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Succession
and Assignment</font>. This Agreement shall be binding upon and
inure to the benefit of the Parties named herein and their
respective successors and permitted assigns. No Party may assign
either this Agreement or any of its rights, interests, or
obligations hereunder without the prior written approval of the
other Party; <font style="font-style: italic">provided
however,</font> that the Buyer may (i) assign any or all of its
rights and interests hereunder to one or more of its Affiliates and
(ii) designate one or more of its Affiliates to perform its
obligations hereunder (in any or all of which cases the Buyer
nonetheless shall remain responsible for the performance of all of
its obligations hereunder).</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 60px">
<font style="font-family: Times New Roman; font-size: 13px">(e)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Counterparts</font>.
This Agreement may be executed in one or more counterparts, each of
which shall be deemed an original but all of which together will
constitute one and the same instrument.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 60px">
<font style="font-family: Times New Roman; font-size: 13px">(f)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Headings</font>.
The section headings contained in this Agreement are inserted for
convenience only and shall not affect in any way the meaning or
interpretation of this Agreement.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 60px">
<font style="font-family: Times New Roman; font-size: 13px">(g)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Notices</font>.
All notices, requests, demands, claims, and other communications
hereunder will be in writing. Any notice, request, demand, claim,
or other communication hereunder shall be deemed duly given if (and
then two business days after) it is sent by registered or certified
mail, return receipt requested, postage prepaid, and addressed to
the intended recipient as set forth below:</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 96px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">(i)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;if
to Buyer:</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 240px; margin-right: 0px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px">Issuer
Direct Corporation</font></div>
<div style="text-align: left; margin-left: 240px; margin-right: 0px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px">500
Perimeter Park Drive&#xA0;</font> <font style="font-family: Times New Roman; font-size: 13px">Suite
D</font></div>
<div style="text-align: left; margin-left: 240px; margin-right: 0px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px">Morrisville, North
Carolina 27560</font></div>
<div style="text-align: left; margin-left: 240px; margin-right: 0px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px">Attention: Brian R.
Balbirnie</font></div>
<div style="text-align: left; margin-left: 240px; margin-right: 0px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px">Facsimile No.:
646.225.7104</font></div>
<div style="text-align: left; margin-left: 240px; margin-right: 0px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: left; margin-left: 240px; margin-right: 0px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px">with a
copy (which shall not constitute notice)&#xA0;to:</font></div>
<div style="text-align: left; margin-left: 240px; margin-right: 0px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: left; margin-left: 240px; margin-right: 0px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px">Quick
Law Group PC</font></div>
<div style="text-align: left; margin-left: 240px; margin-right: 0px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px">1035
Pearl Street</font></div>
<div style="text-align: left; margin-left: 240px; margin-right: 0px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px">Suite
403</font></div>
<div style="text-align: left; margin-left: 240px; margin-right: 0px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px">Boulder, Colorado
80302</font></div>
<div style="text-align: left; margin-left: 240px; margin-right: 0px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px">Attention: Jeffrey
M. Quick</font></div>
<div style="text-align: left; margin-left: 240px; margin-right: 0px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px">Facsimile No.:
303.845.7315</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">18</font></div>
</div>
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<div id="hdr">
<div style="text-align: right; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 96px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">(ii)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
if to the Seller, to:</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 96px; margin-right: 0px; text-indent: 144px;">
<font style="font-family: Times New Roman; font-size: 13px">Onstream Media
Corporation</font></div>
<div style="text-align: left; margin-left: 96px; margin-right: 0px; text-indent: 144px;">
<font style="font-family: Times New Roman; font-size: 13px">1451
West Cypress Creek Road</font></div>
<div style="text-align: left; margin-left: 96px; margin-right: 0px; text-indent: 144px;">
<font style="font-family: Times New Roman; font-size: 13px">Suite
204</font></div>
<div style="text-align: left; margin-left: 96px; margin-right: 0px; text-indent: 144px;">
<font style="font-family: Times New Roman; font-size: 13px">Fort
Lauderdale, FL 33309</font></div>
<div style="text-align: left; margin-left: 96px; margin-right: 0px; text-indent: 144px;">
<font style="font-family: Times New Roman; font-size: 13px">Attention: Randy
Selman</font></div>
<div style="text-align: left; margin-left: 96px; margin-right: 0px; text-indent: 144px;">
<font style="font-family: Times New Roman; font-size: 13px">Facsimile No.:
954-917-6660</font></div>
<div style="text-align: left; margin-left: 96px; margin-right: 0px; text-indent: 144px;">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: left; margin-left: 96px; margin-right: 0px; text-indent: 144px;">
<font style="font-family: Times New Roman; font-size: 13px">with a
copy (which shall not constitute notice)&#xA0;to:</font></div>
<div style="text-align: left; margin-left: 96px; margin-right: 0px; text-indent: 144px;">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: left; margin-left: 96px; margin-right: 0px; text-indent: 144px;">
<font style="font-family: Times New Roman; font-size: 13px">Dickinson Wright
PLLC</font></div>
<div style="text-align: left; margin-left: 96px; margin-right: 0px; text-indent: 144px;">
<font style="font-family: Times New Roman; font-size: 13px">350
East Las Olas Blvd, Suite1750</font></div>
<div style="text-align: left; margin-left: 96px; margin-right: 0px; text-indent: 144px;">
<font style="font-family: Times New Roman; font-size: 13px">Ft
Lauderdale, FL 33301</font></div>
<div style="text-align: left; margin-left: 96px; margin-right: 0px; text-indent: 144px;">
<font style="font-family: Times New Roman; font-size: 13px">Attention: Joel
Mayersohn</font></div>
<div style="text-align: left; margin-left: 96px; margin-right: 0px; text-indent: 144px;">
<font style="font-family: Times New Roman; font-size: 13px">Facsimile No.:
844-670-6009</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 60px;">
<font style="font-family: Times New Roman; font-size: 13px">Any
Party may send any notice, request, demand, claim, or other
communication hereunder to the intended recipient at the address
set forth above using any other means (including personal delivery,
expedited courier, messenger service, telecopy, telex, ordinary
mail, or electronic mail), but no such notice, request, demand,
claim, or other communication shall be deemed to have been duly
given unless and until it actually is received by the intended
recipient. Any Party may change the address to which notices,
requests, demands, claims, and other communications hereunder are
to be delivered by giving the other Party notice in the manner
herein set forth.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 60px">
<font style="font-family: Times New Roman; font-size: 13px">(h)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Governing
Law</font>. This Agreement shall be governed by and construed in
accordance with the domestic laws of the State of Delaware without
giving effect to any choice or conflict of law provision or rule
(whether of the State of Delaware or any other jurisdiction) that
would cause the application of the laws of any jurisdiction other
than the State of Delaware<font style="font-style: italic">.</font></font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 60px">
<font style="font-family: Times New Roman; font-size: 13px">(i)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Amendments
and Waivers</font>. No amendment of any provision of this Agreement
shall be valid unless the same shall be in writing and signed by
the Buyer and the Seller. No waiver by any Party of any default,
misrepresentation, or breach of warranty or covenant hereunder,
whether intentional or not, shall be deemed to extend to any prior
or subsequent default, misrepresentation, or breach of warranty or
covenant hereunder or affect in any way any rights arising by
virtue of any prior or subsequent such occurrence.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 60px">
<font style="font-family: Times New Roman; font-size: 13px">(j)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Severability</font>.
Any term or provision of this Agreement that is invalid or
unenforceable in any situation in any jurisdiction shall not affect
the validity or enforceability of the remaining terms and
provisions hereof or the validity or enforceability of the
offending term or provision in any other situation or in any other
jurisdiction.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 60px">
<font style="font-family: Times New Roman; font-size: 13px">(k)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Expenses</font>.
Except for as specifically set forth in &#xA7;6(b), each of the
Buyer and the Seller will bear its own costs and expenses
(including legal fees and expenses) incurred in connection with
this Agreement and the transactions contemplated hereby. Without
limiting the generality of the foregoing, all transfer,
documentary, sales, use, stamp, registration and other such Taxes,
and all conveyance fees, recording charges and other fees and
charges (including any penalties and interest) incurred in
connection with the consummation of the transactions contemplated
by this Agreement shall be paid one half by Seller and one half by
Buyer when due, and the Seller will, at an expense shared one half
by Seller and one half by Buyer, file all necessary Tax Returns and
other documentation with respect to all such Taxes, fees and
charges, and, if required by applicable law, the Parties will, and
will cause their affiliates to, join in the execution of any such
Tax Returns and other documentation.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">19</font></div>
</div>
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<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 60px">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 60px">
<font style="font-family: Times New Roman; font-size: 13px">(l)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Construction</font>.
The Parties have participated jointly in the negotiation and
drafting of this Agreement. In the event an ambiguity or question
of intent or interpretation arises, this Agreement shall be
construed as if drafted jointly by the Parties and no presumption
or burden of proof shall arise favoring or disfavoring any Party by
virtue of the authorship of any of the provisions of this
Agreement. Any reference to any federal, state, local, or foreign
statute or law shall be deemed also to refer to all rules and
regulations promulgated thereunder, unless the context requires
otherwise. The word &#x201C;including&#x201D; shall mean including
without limitation. Nothing in the Disclosure Schedule shall be
deemed adequate to disclose an exception to a representation or
warranty made herein unless the Disclosure Schedule identifies the
exception with particularity and describes the relevant facts in
detail. Without limiting the generality of the foregoing, the mere
listing (or inclusion of a copy) of a document or other item shall
not be deemed adequate to disclose an exception to a representation
or warranty made herein (unless the representation or warranty has
to do with the existence of the document or other item itself). The
Parties intend that each representation, warranty, and covenant
contained herein shall have independent significance. If any Party
has breached any representation, warranty, or covenant contained
herein in any respect, the fact that there exists another
representation, warranty, or covenant relating to the same subject
matter (regardless of the relative levels of specificity) which the
Party has not breached shall not detract from or mitigate the fact
that the Party is in breach of the first representation, warranty,
or covenant.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 60px">
<font style="font-family: Times New Roman; font-size: 13px">(m)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
<font style="text-decoration: underline">Incorporation of Exhibits
and Schedules</font>. The Exhibits and Schedules identified in this
Agreement are incorporated herein by reference and made a part
hereof.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 60px">
<font style="font-family: Times New Roman; font-size: 13px">(n)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Specific
Performance</font>. Each of the Parties acknowledges and agrees
that the other Party would be damaged irreparably in the event any
of the provisions of this Agreement are not performed in accordance
with their specific terms or otherwise are breached. Accordingly,
each of the Parties agrees that the other Party shall be entitled
to an injunction or injunctions to prevent breaches of the
provisions of this Agreement and to enforce specifically this
Agreement and the terms and provisions hereof in any action
instituted in any court of the United States or any state thereof
having jurisdiction over the Parties and the matter (subject to the
provisions set forth in &#xA7;10(o) below), in addition to any
other remedy to which it may be entitled, at law or in
equity.</font></div>
<div style="text-align: left"><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 60px">
<font style="font-family: Times New Roman; font-size: 13px">(p)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Submission
to Jurisdiction</font>. Each of the Parties submits to the
jurisdiction of any state or federal court sitting in Wilmington,
Delaware in any action or proceeding arising out of or relating to
this Agreement and agrees that all claims in respect of the action
or proceeding may be heard and determined in any such court. Each
Party also agrees not to bring any action or proceeding arising out
of or relating to this Agreement in any other court. Each of the
Parties waives any defense of inconvenient forum to the maintenance
of any action or proceeding so brought and waives any bond, surety,
or other security that might be required of any other Party with
respect thereto. Any Party may make service on any other Party by
sending or delivering a copy of the process (i) to the Party to be
served at the address and in the manner provided for the giving of
notices in &#xA7;9(h) above. Nothing in this &#xA7;9(p), however,
shall affect the right of any Party to bring any action or
proceeding arising out of or relating to this Agreement in any
other court or to serve legal process in any other manner permitted
by law or at equity. Each Party agrees that a final judgment in any
action or proceeding so brought shall be conclusive and may be
enforced by suit on the judgment or in any other manner provided by
law or at equity.</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 60px">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 60px">
<font style="font-family: Times New Roman; font-size: 13px">(q)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Bulk
Law Sales.</font> The Parties hereby waive compliance with the
provisions of any bulk sales, bulk transfer or similar laws of any
jurisdiction that may otherwise be applicable with respect to the
sale of any or all of the Acquired Assets to Buyer.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
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<font style="font-family: Times New Roman; font-size: 13px">* * * *
*</font></div>
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</div>
</div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">IN
WITNESS WHEREOF, the Parties hereto have executed this Agreement on
the date first above written.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">
Buyer</font>:</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">ISSUER
DIRECT CORPORATION</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="display: table">
<div style="display: table-row">
<div style="display: table-cell; width: 296px"><font style="font-family: Times New Roman; font-size: 13px">By: <font style="text-decoration: underline">/s/ Brian R.
Balbirnie</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<br>
</font></div>
</div>
</div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Name:
Brian R. Balbirnie</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Title:
Chief Executive Officer</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">
Seller</font>:</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">ONSTREAM
MEDIA CORPORATION</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="display: table">
<div style="display: table-row">
<div style="display: table-cell; width: 296px"><font style="font-family: Times New Roman; font-size: 13px">By: <font style="text-decoration: underline">/s/ Randy S.
Selman</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<br>
</font></div>
</div>
</div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Name:
Randy S. Selman</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Title:
Chief Executive Officer</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">21</font></div>
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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>3
<FILENAME>isdr_ex991.htm
<DESCRIPTION>PRESS RELEASE
<TEXT>
<html>
<head>
<!-- Document created using Blueprint(R) - powered by Issuer Direct - www.issuerdirect.com -->
<!-- Copyright 2019 Issuer Direct Corporation -->
<title>Blueprint</title>
</head>
<body style="font-family: Times New Roman; font-size: 13px;">
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="hdr">
<div style="text-align: right; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold">&#xA0; <font style="font-family: Times New Roman; font-size: 13px">Exhibit
99.1</font><br></font></div>
</div>
</div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
Issuer Direct Acquires Onstream Media&#x2019;s Webcasting Platform,
Projected to Increase Annual Revenue 15%, Webcast Customer Base by
at Least 50%</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px">
The Acquisition Will Immediately Be Accretive and Expand the
Company's Customer Base by Over 120</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">
MORRISVILLE, NC / ACCESSWIRE / January 3, 2019 /</font>&#xA0;Issuer
Direct Corporation (NYSE American:&#xA0;<font style="text-decoration: underline; color: #0000FF">ISDR</font>) (the
"Company" or "Issuer Direct"), an
industry-leading&#xA0;<font style="text-decoration: underline; color: #0000FF">communications</font>
and&#xA0;<font style="text-decoration: underline; color: #0000FF">compliance</font>&#xA0;company,
today announced it has acquired the VisualWebcaster Platform, a
product suite from Onstream Media Corporation for $2.788 million
cash paid at closing. The acquisition is projected to increase
Issuer Direct&#x2019;s annual revenue 15% and its webcast customer
base by at least 50%.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">The
VisualWebcaster Platform (&#x201C;VWP&#x201D;) is a leading
cloud-based earnings webcast, webinar, and training platform that
delivers live and on-demand streaming of events to audiences of all
sizes. The platform allows customers to create, produce and deliver
events, which will integrate perfectly into Platform <font style="text-decoration: underline">id.</font> By acquiring VWP, the
Company significantly strengthens its Platform <font style="text-decoration: underline">id.</font> potential by providing the
VWP customer base the opportunity to utilize a single-sourced,
consolidated disclosure and communication offering for
disseminating their information to stakeholders.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Current
VWP customers will have the ability to immediately take advantage
of Issuer Direct's Platform <font style="text-decoration: underline">id.</font> offerings designed
specifically for customers conducting events that require more than
rich media webcasting. Once fully integrated, the combined
offerings of the Company and the VWP will include the following for
Issuer Direct&#x2019;s 2500+ customers:</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="margin-left: 24px; display: table">
<div style="display: table-row">
<div style="text-align: left; display: table-cell; width: 24px">
<font style="font-family: Times New Roman; font-size: 13px">&#x2013;</font></div>
<div style="text-align: justify; display: table-cell"><font style="font-family: Times New Roman; font-size: 13px">Dedicated phone
numbers for each customer</font></div>
</div>
</div>
<div style="margin-left: 24px; display: table">
<div style="display: table-row">
<div style="text-align: left; display: table-cell; width: 24px">
<font style="font-family: Times New Roman; font-size: 13px">&#x2013;</font></div>
<div style="text-align: justify; display: table-cell"><font style="font-family: Times New Roman; font-size: 13px">Analyst and
Investor VIP Priority access</font></div>
</div>
</div>
<div style="margin-left: 24px; display: table">
<div style="display: table-row">
<div style="text-align: left; display: table-cell; width: 24px">
<font style="font-family: Times New Roman; font-size: 13px">&#x2013;</font></div>
<div style="text-align: justify; display: table-cell"><font style="font-family: Times New Roman; font-size: 13px">Customizable
Insight and Analytics</font></div>
</div>
</div>
<div style="margin-left: 24px; display: table">
<div style="display: table-row">
<div style="text-align: left; display: table-cell; width: 24px">
<font style="font-family: Times New Roman; font-size: 13px">&#x2013;</font></div>
<div style="text-align: justify; display: table-cell"><font style="font-family: Times New Roman; font-size: 13px">100% self-service
start to finish</font></div>
</div>
</div>
<div style="margin-left: 24px; display: table">
<div style="display: table-row">
<div style="text-align: left; display: table-cell; width: 24px">
<font style="font-family: Times New Roman; font-size: 13px">&#x2013;</font></div>
<div style="text-align: justify; display: table-cell"><font style="font-family: Times New Roman; font-size: 13px">24/7 Event
Engineers</font></div>
</div>
</div>
<div style="margin-left: 24px; display: table">
<div style="display: table-row">
<div style="text-align: left; display: table-cell; width: 24px">
<font style="font-family: Times New Roman; font-size: 13px">&#x2013;</font></div>
<div style="text-align: justify; display: table-cell"><font style="font-family: Times New Roman; font-size: 13px">Choices between
Audio, Video, Slide and LIVE webcasting</font></div>
</div>
</div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Moreover,
as a result of the transaction, the Company will increase its
webcasting platform customer base from approximately 225 to
approximately 345.</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">"We
have known the team at Onstream for several years. The VWP product
suite is industry leading and trusted by some of the biggest names
in the Fortune 100 and beyond. We believe it will definitely
increase the quality and scope of our event business," said Brian
R. Balbirnie, Chief Executive Officer of Issuer
Direct.</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Mr.
Balbirnie continued "On an annual basis, this transaction is
projected to increase our overall annual revenues by approximately
15% and increase revenues of our core webcasting and event business
by more than two and a half times. We expect to leverage the
acquisition of the VWP and related customer base to continue our
long-term strategy, which has been to follow the shareholder,
provide deep analytics to our customers, and use our platform to
illuminate, analyze and engage audiences globally."</font></div>
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<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
About Onstream Media Corporation</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Founded
in 1993, Onstream Media (OTC: ONSM) is a leading, online service
provider of live and on-demand, rich media communications via the
Onstream Digital Media-Services Platform. Specializing in online
audio and video corporate communications, Onstream Media's
pioneering, digital-asset-management active server pages (ASP)
technology provides the necessary tools for webcasting, web
conferencing and content-publishing services focused on increasing
productivity and revenues in an affordable and highly secure
environment for any organization. Today, Onstream Media&#x2019;s
digital-media services are used by many Fortune 100 company
executives to broadcast their announcements in sales, marketing,
communications, Investor Relations, Human resources and
training.</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
About Issuer Direct Corporation</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Issuer
Direct&#xAE; is an industry-leading&#xA0;<font style="text-decoration: underline; color: #0000FF">communications</font>&#xA0;and&#xA0;<font style="text-decoration: underline; color: #0000FF">compliance</font>&#xA0;company
focusing on the needs of corporate issuers. Issuer Direct's
principal platform,&#xA0;<font style="text-decoration: underline; color: #0000FF">Platform id.</font>,
empowers users by thoughtfully integrating the most relevant tools,
technologies, and services, thus eliminating the complexity
associated with producing and distributing financial and business
communications. Headquartered in RTP, NC, Issuer Direct serves more
than 2,500 public and private companies in more than 18 countries.
For more information, please visit <font style="text-decoration: underline; color: #0000FF">www.issuerdirect.com</font>.</font></div>
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<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
Safe Harbor Statement Under the Private Securities Litigation
Reform Act of 1995</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
&#xA0;</div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">"Safe
Harbor" statement under the Private Securities Litigation Reform
Act of 1995: This press release contains forward-looking statements
concerning Issuer Direct's acquisition of VWP including, without
limitation, the potential of providing Issuer Direct's platform
services to VWP's customers, Issuer's Direct's projection regarding
increased annual revenues of 15% and the increase to its webcast
customer base by at least 50%, Issuer Direct&#x2019;s ability to
fully integrate the VWP offerings with Issuer Direct&#x2019;s other
platform offerings, Issuer Direct&#x2019;s belief that the VWP
offerings will increase the quality and scope of its event business
and Issuer Direct's expectation the VWP acquisition will continue
its long-term strategy. The achievement or success of the matters
covered by such forward-looking statements involve risks,
uncertainties, and assumptions. If any such risks or uncertainties
materialize or if any of the assumptions prove incorrect, the
Company's results could differ materially from the results
expressed or implied by the forward-looking statements the Company
makes.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">The
risks and uncertainties referred to above include - but are not
limited to - risks associated with: execution of our plans and
strategies, including; the loss of significant VWP's customers; our
ability to obtain new customers; our ability to integrate the
assets and personnel from the VWP acquisition; our ability to sell
our platform offering to VWP's customer; general economic
conditions; and changes in the competitive dynamics in the market
for communication and compliance services and
products.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Further
information on these and other factors that could affect the
Company's financial results is included in filings it makes with
the Securities and Exchange Commission from time to time, including
the section entitled "Risk Factors" in the Company's most recent
Form 10-K/A filed with the SEC. These documents are available on
the SEC Filings section of the Investor Relations section of the
Company's website at&#xA0;https://www.issuerdirect.com. All
information provided in this release is available as of January 3,
2019, and Issuer Direct undertakes no duty to update this
information.</font></div>
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<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
Contact:</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Brian
R. Balbirnie</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Issuer
Direct Corporation</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">919-481-4000</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">brian.balbirnie@issuerdirect.com</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Brett
Maas</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Hayden
IR</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">(646)
536-7331</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">brett@haydenir.com</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">James
Carbonara</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Hayden
IR</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">(646)-755-7412</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">james@haydenir.com</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">
SOURCE:</font>&#xA0;Issuer Direct Corporation</font></div>
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