<SEC-DOCUMENT>0001564590-20-005267.txt : 20200219
<SEC-HEADER>0001564590-20-005267.hdr.sgml : 20200219
<ACCEPTANCE-DATETIME>20200219160053
ACCESSION NUMBER:		0001564590-20-005267
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		4
CONFORMED PERIOD OF REPORT:	20200212
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:		20200219
DATE AS OF CHANGE:		20200219

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SMITH MICRO SOFTWARE, INC.
		CENTRAL INDEX KEY:			0000948708
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-PREPACKAGED SOFTWARE [7372]
		IRS NUMBER:				330029027
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-35525
		FILM NUMBER:		20629571

	BUSINESS ADDRESS:	
		STREET 1:		5800 CORPORATE DRIVE
		CITY:			PITTSBURGH
		STATE:			PA
		ZIP:			15237
		BUSINESS PHONE:		4128375300

	MAIL ADDRESS:	
		STREET 1:		5800 CORPORATE DRIVE
		CITY:			PITTSBURGH
		STATE:			PA
		ZIP:			15237

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SMITH MICRO SOFTWARE, INC
		DATE OF NAME CHANGE:	20181023

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SMITH MICRO SOFTWARE INC
		DATE OF NAME CHANGE:	19950731
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>smsi-8k_20200212.htm
<DESCRIPTION>8-K 2020-02-12 CIRCLE ACQUISITION
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<p style="text-align:center;margin-top:6pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-size:18pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">UNITED STATES</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:18pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">SECURITIES AND EXCHANGE COMMISSION</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:12pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">WASHINGTON, D.C. 20549 </p>
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<p style="text-align:center;margin-top:9pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-size:18pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">FORM 8-K </p>
<p style="text-align:center;margin-top:9pt;line-height:4pt;border-bottom:Solid 1pt;padding-bottom:1pt;margin-bottom:0pt;margin-left:40%;margin-right:40%;text-indent:0%;font-size:6pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;</p>
<p style="text-align:center;margin-top:9pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-size:12pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">CURRENT REPORT </p>
<p style="text-align:center;margin-top:9pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-size:12pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 </p>
<p style="text-align:center;margin-top:9pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Date of Report (Date of earliest event reported): February 12, 2020 </p>
<p style="text-align:center;margin-top:9pt;line-height:4pt;border-bottom:Solid 1pt;padding-bottom:1pt;margin-bottom:0pt;margin-left:40%;margin-right:40%;text-indent:0%;font-size:6pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;</p>
<p style="text-align:center;margin-top:9pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-size:24pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Smith Micro Software, Inc. </p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:7.5pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">(Exact name of Registrant as Specified in Its Charter) </p>
<p style="text-align:center;margin-top:9pt;line-height:4pt;border-bottom:Solid 1pt;padding-bottom:1pt;margin-bottom:0pt;margin-left:40%;margin-right:40%;text-indent:0%;font-size:6pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;</p>
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<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Delaware</p></td>
<td valign="bottom"  style="width:33.34%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">01-35525</p></td>
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<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">33-0029027</p></td>
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<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:7.5pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">(State or Other Jurisdiction</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:7.5pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">of Incorporation)</p></td>
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<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:7.5pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">(Commission </p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:7.5pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">File Number)</p></td>
<td valign="bottom"  style="width:33.34%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:7.5pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">(IRS Employer</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:7.5pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Identification No.)</p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:11pt;">&nbsp;</p>
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<table border="0" cellspacing="0" cellpadding="0" align="center" style="border-collapse:collapse; width:100%;">
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<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">5800 Corporate Drive</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Pittsburgh, PA</p>
<p style="line-height:2pt;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:4pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;</p></td>
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<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">15237</p></td>
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<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:7.5pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">(Address of Principal Executive Offices)</p>
<p style="line-height:2pt;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:4pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;</p></td>
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<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:7.5pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">(Zip Code)</p></td>
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<p style="text-align:center;margin-top:9pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Registrant&#8217;s Telephone Number, Including Area Code: (412) 837-5300 </p>
<p style="text-align:center;margin-top:9pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Not Applicable </p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:7.5pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">(Former Name or Former Address, if Changed Since Last Report) </p>
<p style="text-align:center;margin-top:9pt;line-height:4pt;border-bottom:Solid 1pt;padding-bottom:1pt;margin-bottom:0pt;margin-left:40%;margin-right:40%;text-indent:0%;font-size:6pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;</p>
<p style="text-align:justify;margin-top:6pt;margin-bottom:0pt;text-indent:0%;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Securities registered pursuant to Section&#160;12(b) of the Act:</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;color:#000000;font-size:4pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;</p>
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<table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse; width:100%;">
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<td valign="bottom"  style="width:38%; border-bottom:solid 0.75pt #000000;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:9pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Title of each class</p></td>
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<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:9pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">&#160;</p></td>
<td valign="bottom"  style="width:15.12%; border-bottom:solid 0.75pt #000000;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:9pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Trading</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:9pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Symbol(s)</p></td>
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<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:9pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">&#160;</p></td>
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<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:9pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Name of each exchange on which registered</p></td>
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<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:9pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Common Stock, par value $0.001 per share</p></td>
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<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:9pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">&#160;</p></td>
<td valign="bottom"  style="width:15.12%; border-top:solid 0.75pt #000000;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:9pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">SMSI</p></td>
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<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:9pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">&#160;</p></td>
<td valign="bottom"  style="width:44.9%; border-top:solid 0.75pt #000000;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:9pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">NASDAQ</p></td>
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<p style="margin-top:9pt;margin-bottom:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instructions A.2. below): </p>
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<p style="margin-top:9pt;margin-bottom:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:10pt;">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) </p></td></tr></table></div>
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<p style="margin-top:9pt;margin-bottom:0pt;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:'Times New Roman';"><font style="font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:'Times New Roman';"></font><font style="font-size:10pt;font-family:'Times New Roman'">&#9744;</font></p></td>
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<p style="margin-top:9pt;margin-bottom:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:10pt;">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) </p></td></tr></table></div>
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<p style="margin-top:9pt;margin-bottom:0pt;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:'Times New Roman';"><font style="font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:'Times New Roman';"></font><font style="font-size:10pt;font-family:'Times New Roman'">&#9744;</font></p></td>
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<p style="margin-top:9pt;margin-bottom:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:10pt;">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) </p></td></tr></table></div>
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<p style="margin-top:9pt;margin-bottom:0pt;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:'Times New Roman';"><font style="font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:'Times New Roman';"></font><font style="font-size:10pt;font-family:'Times New Roman'">&#9744;</font></p></td>
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<p style="margin-top:9pt;margin-bottom:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:10pt;">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) </p></td></tr></table></div>
<p style="margin-top:9pt;margin-bottom:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (&#167;&#8201;230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (&#167;&#8201;240.12b-2 of this chapter).</p>
<p style="margin-top:9pt;margin-bottom:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Emerging growth company&#160;<font style="font-family:'Times New Roman';"><font style="font-size:10pt;font-family:'Times New Roman'">&#9744;</font></font></p>
<p style="margin-top:9pt;margin-bottom:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.&#160;<font style="font-family:'Times New Roman';"><font style="font-size:10pt;font-family:'Times New Roman'">&#9744;</font></font></p>
<p style="margin-top:9pt;margin-bottom:0pt;text-indent:0%;font-size:12pt;">&nbsp;</p>
<p style="text-align:center;line-height:1pt;border-top:Solid 0.75pt #000000;padding-top:0pt;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:4pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;</p>
<p style="text-align:center;margin-top:1pt;line-height:1pt;border-top:Solid 1pt;padding-top:1pt;margin-bottom:0pt;text-indent:0%;font-size:4pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;</p>
<p style="text-align:center;margin-top:6pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;;font-size:18pt;">&nbsp;</p>
<p style="text-align:center;margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:11pt;">&nbsp;</p>
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<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"><a name="_AEIOULastRenderedPageBreakAEIOU2"></a><font style="font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Item&#160;1.01.&#160;&#160;Entry into a Material Definitive&#160;Agreement.</font></p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:7.69%;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">On February 12, 2020, Smith Micro Software, Inc. (the &#8220;<font style="font-weight:bold;">Company</font>&#8221;) entered into a definitive agreement to acquire the operator business of Circle Media Labs Inc. (&#8220;<font style="font-weight:bold;">Circle</font>&#8221;), a Delaware corporation, pursuant to a certain Asset Purchase Agreement (the &#8220;<font style="font-weight:bold;">Purchase Agreement</font>&#8221;) by and between the Company and Circle.</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:7.69%;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Pursuant to the terms of the Purchase Agreement, the Company acquired certain assets, including customer contracts and a perpetual license, for a purchase price of Thirteen Million Five Hundred Thousand Dollars ($13,500,000) in cash. An amount of One Million Three Hundred Fifty Thousand Dollars ($1,350,000) is being withheld by the Company from the purchase price as a source of funds for indemnity claims for a period of six months. The Company and Circle entered into a license agreement and support agreement in connection with the transaction.</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:7.69%;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The foregoing description of the terms and conditions of the Purchase Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Purchase Agreement, a copy of which is attached as Exhibit 2.1 to this Current Report on Form 8-K and incorporated herein by reference.</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:7.69%;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The Purchase Agreement governs the contractual rights between the parties in relation to the purchase and sale of the assets. The Purchase Agreement is being filed as an exhibit to this Current Report on Form 8-K to provide information regarding its terms and is not intended to provide, modify or supplement any information about the Company, Circle or any of their respective subsidiaries or affiliates, or their respective businesses. In particular, the Purchase Agreement is not intended to be, and should not be relied upon as, disclosures regarding any facts and circumstances relating to the Company or Circle. The representations and warranties contained in the Purchase Agreement have been negotiated with the principal purpose of allocating risk between the parties, rather than establishing matters as facts. The representations and warranties may also be subject to contractual standards of materiality that may be different from those generally applicable under the securities laws. For the foregoing reasons, the representations and warranties should not be relied upon as statements of factual information.</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Item 2.01.&nbsp;&nbsp;Completion of Acquisition or Disposition of Assets.</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:7.69%;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="T1"></a>See Item 1.01 above, which is incorporated herein by reference. On February 12, 2020, the Company completed the transaction described in Item 1.01, simultaneous with the execution of the Purchase Agreement.</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Item&#160;8.01.  Other Events.</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:7.69%;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">On February 13, 2020, the Company issued a press release announcing the acquisition of Circle&#8217;s operator business, which is furnished as Exhibit 99.1 hereto.&#160;The information in Exhibit 99.1 shall not be deemed &#8220;filed&#8221; for the purposes of Section&#160;18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section.</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Item 9.01.  Financial Statements and Exhibits.</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(a)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Financial Statements of Businesses Acquired.</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(b)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Pro Forma Financial Information.</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:7.69%;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The financial statements required by Item 9.01(a)&#160;and the pro forma financial information required by Item 9.01(b)&#160;have not been included in this filing and will be filed by amendment to this Current Report on Form&#160;8-K not later than seventy-one (71) calendar days after the date that this Current Report on Form&#160;8-K must be filed.</p>
<p style="margin-top:12pt;margin-bottom:12pt;text-indent:0%;font-family:Times New Roman;font-size:11pt;">&nbsp;</p>
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<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="_AEIOULastRenderedPageBreakAEIOU3"></a><font style="font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(d)</font><font style="margin-left:36pt;"></font><font style="text-decoration:underline;">Exhibits</font><font style="font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">.</font></p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;">&nbsp;</p>
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<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">&#160;</p></td>
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<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Description&#160;of&#160;Exhibit</p></td>
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<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:11pt;">&nbsp;</p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:11pt;">&nbsp;</p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:11pt;">&nbsp;</p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:11pt;">&nbsp;</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">99.1</p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:11pt;">&nbsp;</p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a href="smsi-ex21_6.htm"><font style="text-decoration:underline;">Asset Purchase Agreement between the Company and Circle, dated February 12, 2020*</font></a></p>
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:11pt;">&nbsp;</p>
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a href="smsi-ex991_7.htm"><font style="text-decoration:underline;">Press Release dated February 13, 2020</font></a></p></td>
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<p style="margin-bottom:8pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:11pt;">&nbsp;</p>
<p style="margin-bottom:8pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">* Schedules and exhibits have been omitted pursuant to Item 601(b)(2) of Regulation S-K. The Company hereby undertakes to furnish copies of any of the omitted schedules and exhibits upon request by the SEC.</p>
<p style="margin-top:12pt;margin-bottom:12pt;text-indent:0%;font-family:Times New Roman;font-size:11pt;">&nbsp;</p>
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<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"><a name="_AEIOULastRenderedPageBreakAEIOU4"></a><font style="font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">SIGNATURES</font></p>
<p style="margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.</p>
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<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Smith Micro Software, Inc.</p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Date:&nbsp;&nbsp;February 19, 2020</p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">By:</p></td>
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<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">/s/&nbsp;&nbsp;Timothy C. Huffmyer</p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td>
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<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Timothy C. Huffmyer</p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td>
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<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Vice President and Chief Financial Officer</p></td>
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<TYPE>EX-2.1
<SEQUENCE>2
<FILENAME>smsi-ex21_6.htm
<DESCRIPTION>EX-2.1
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<p style="text-align:right;margin-bottom:12pt;margin-top:0pt;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;text-indent:7.69%;"><font style="margin-left:36pt;"></font><font style="font-weight:bold;">EXHIBIT 2.1</font></p>
<p style="text-align:center;margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:12pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"><a name="_9kP1qJ9mv78B"></a>ASSET PURCHASE AGREEMENT</p>
<p style="text-align:center;margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-weight:normal;font-size:12pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">between</p>
<p style="text-align:center;margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:12pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Circle Media Labs Inc.</p>
<p style="text-align:center;margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-weight:normal;font-size:12pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">and</p>
<p style="text-align:center;margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:12pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Smith Micro Software, Inc.</p>
<p style="text-align:center;margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-weight:normal;font-size:12pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">dated as of</p>
<p style="text-align:center;margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-weight:normal;font-size:12pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">February 12, 2020</p>
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<p style="margin-bottom:6pt;margin-top:6pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:12pt;">1</p></td>
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<p style="margin-bottom:6pt;margin-top:6pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:12pt;">6</p></td>
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<p style="margin-bottom:6pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td>
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<p style="margin-bottom:6pt;margin-top:0pt;font-family:Times New Roman Bold;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-family:Times New Roman Bold;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Section 2.01</font></p></td>
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<p style="margin-bottom:6pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;"><font style="font-size:12pt;font-family:Times New Roman;">Purchase and Sale of Assets; License of Intellectual Property6</font></p></td>
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<p style="margin-bottom:6pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td></tr></table></div>
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<p style="margin-bottom:6pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td>
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<p style="margin-bottom:6pt;margin-top:0pt;font-family:Times New Roman Bold;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-family:Times New Roman Bold;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Section 2.02</font></p></td>
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<p style="margin-bottom:6pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;"><font style="font-size:12pt;font-family:Times New Roman;">Excluded Assets7</font></p></td>
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<p style="margin-bottom:6pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td>
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<p style="margin-bottom:6pt;margin-top:0pt;font-family:Times New Roman Bold;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-family:Times New Roman Bold;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Section 2.03</font></p></td>
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<p style="margin-bottom:6pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;"><font style="font-size:12pt;font-family:Times New Roman;">Assumed Liabilities7</font></p></td>
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<p style="margin-bottom:6pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td></tr></table></div>
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<p style="margin-bottom:6pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td>
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<p style="margin-bottom:6pt;margin-top:0pt;font-family:Times New Roman Bold;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-family:Times New Roman Bold;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Section 2.04</font></p></td>
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<p style="margin-bottom:6pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td></tr></table></div>
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<p style="margin-bottom:6pt;margin-top:0pt;font-family:Times New Roman Bold;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-family:Times New Roman Bold;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Section 2.05</font></p></td>
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<p style="margin-bottom:6pt;margin-top:0pt;font-family:Times New Roman Bold;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-family:Times New Roman Bold;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Section 2.06</font></p></td>
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<p style="margin-bottom:6pt;margin-top:0pt;font-family:Times New Roman Bold;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-family:Times New Roman Bold;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Section 2.07</font></p></td>
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<p style="margin-bottom:6pt;margin-top:0pt;font-family:Times New Roman Bold;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-family:Times New Roman Bold;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Section 2.08</font></p></td>
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<p style="margin-bottom:6pt;margin-top:0pt;font-family:Times New Roman Bold;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-family:Times New Roman Bold;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Section 2.09</font></p></td>
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<p style="margin-bottom:6pt;margin-top:6pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:12pt;">9</p></td>
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<p style="margin-bottom:6pt;margin-top:0pt;font-family:Times New Roman Bold;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-family:Times New Roman Bold;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Section 3.01</font></p></td>
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<p style="margin-bottom:6pt;margin-top:6pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:12pt;">11</p></td>
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<p style="margin-bottom:6pt;margin-top:0pt;font-family:Times New Roman Bold;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-family:Times New Roman Bold;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Section 4.02</font></p></td>
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<p style="margin-bottom:6pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;"><font style="font-size:12pt;font-family:Times New Roman;">Authority of Seller11</font></p></td>
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<p style="margin-bottom:6pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td></tr></table></div>
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<p style="margin-bottom:6pt;margin-top:0pt;font-family:Times New Roman Bold;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-family:Times New Roman Bold;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Section 4.03</font></p></td>
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<p style="margin-bottom:6pt;margin-top:0pt;font-family:Times New Roman Bold;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-family:Times New Roman Bold;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Section 4.04</font></p></td>
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<p style="margin-bottom:6pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td></tr></table></div>
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<p style="margin-bottom:6pt;margin-top:0pt;font-family:Times New Roman Bold;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-family:Times New Roman Bold;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Section 4.05</font></p></td>
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<p style="margin-bottom:6pt;margin-top:0pt;font-family:Times New Roman Bold;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-family:Times New Roman Bold;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Section 4.06</font></p></td>
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<p style="margin-bottom:6pt;margin-top:0pt;font-family:Times New Roman Bold;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-family:Times New Roman Bold;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Section 4.07</font></p></td>
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<p style="margin-bottom:6pt;margin-top:0pt;font-family:Times New Roman Bold;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-family:Times New Roman Bold;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Section 4.08</font></p></td>
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<p style="margin-bottom:6pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td>
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<p style="margin-bottom:6pt;margin-top:0pt;font-family:Times New Roman Bold;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-family:Times New Roman Bold;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Section 4.09</font></p></td>
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<p style="margin-bottom:6pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td></tr></table></div>
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<p style="margin-bottom:6pt;margin-top:0pt;font-family:Times New Roman Bold;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-family:Times New Roman Bold;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Section 4.10</font></p></td>
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<p style="margin-bottom:6pt;margin-top:0pt;font-family:Times New Roman Bold;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-family:Times New Roman Bold;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Section 4.11</font></p></td>
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<p style="margin-bottom:6pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td>
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<p style="margin-bottom:6pt;margin-top:0pt;font-family:Times New Roman Bold;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-family:Times New Roman Bold;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Section 4.12</font></p></td>
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<p style="margin-bottom:6pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td></tr></table></div>
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<p style="margin-bottom:6pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td>
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<p style="margin-bottom:6pt;margin-top:0pt;font-family:Times New Roman Bold;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-family:Times New Roman Bold;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Section 4.14</font></p></td>
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<p style="margin-bottom:6pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td></tr></table></div>
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<p style="margin-bottom:6pt;margin-top:6pt;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Article V Representations and Warranties of Buyer</font></p></td>
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<p style="margin-bottom:6pt;margin-top:6pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:12pt;">16</p></td>
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<p style="margin-bottom:6pt;margin-top:0pt;font-family:Times New Roman Bold;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-family:Times New Roman Bold;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Section 5.01</font></p></td>
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<p style="margin-bottom:6pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td></tr></table></div>
<p style="text-align:center;margin-top:12pt;margin-bottom:12pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">i</a></p>
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<p style="margin-bottom:6pt;margin-top:0pt;font-family:Times New Roman Bold;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-family:Times New Roman Bold;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Section 5.02</font></p></td>
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<p style="margin-bottom:6pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td></tr></table></div>
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<p style="margin-bottom:6pt;margin-top:0pt;font-family:Times New Roman Bold;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-family:Times New Roman Bold;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Section 5.03</font></p></td>
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<p style="margin-bottom:6pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td></tr></table></div>
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<p style="margin-bottom:6pt;margin-top:6pt;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Article VI Covenants</font></p></td>
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<p style="margin-bottom:6pt;margin-top:6pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:12pt;">17</p></td>
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<p style="margin-bottom:6pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td>
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<p style="margin-bottom:6pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td></tr></table></div>
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<p style="margin-bottom:6pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td>
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<p style="margin-bottom:6pt;margin-top:0pt;font-family:Times New Roman Bold;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-family:Times New Roman Bold;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Section 6.02</font></p></td>
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<p style="margin-bottom:6pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td></tr></table></div>
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<p style="margin-bottom:6pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td></tr></table></div>
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<p style="margin-bottom:6pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td>
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<p style="margin-bottom:6pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td></tr></table></div>
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<p style="margin-bottom:6pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td>
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<p style="margin-bottom:6pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td></tr></table></div>
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<p style="margin-bottom:6pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td>
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<p style="margin-bottom:6pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td></tr></table></div>
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<p style="margin-bottom:6pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td>
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<p style="margin-bottom:6pt;margin-top:0pt;font-family:Times New Roman Bold;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-family:Times New Roman Bold;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Section 6.07</font></p></td>
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<p style="margin-bottom:6pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td></tr></table></div>
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<p style="margin-bottom:6pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td>
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<p style="margin-bottom:6pt;margin-top:0pt;font-family:Times New Roman Bold;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-family:Times New Roman Bold;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Section 6.08</font></p></td>
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<p style="margin-bottom:6pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td></tr></table></div>
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<p style="margin-bottom:6pt;margin-top:6pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:12pt;">&nbsp;</p></td></tr></table></div>
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<p style="margin-bottom:6pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td>
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<p style="margin-bottom:6pt;margin-top:0pt;font-family:Times New Roman Bold;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-family:Times New Roman Bold;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Section 7.01</font></p></td>
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<p style="margin-bottom:6pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td></tr></table></div>
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<p style="margin-bottom:6pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td>
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<p style="margin-bottom:6pt;margin-top:0pt;font-family:Times New Roman Bold;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-family:Times New Roman Bold;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Section 7.02</font></p></td>
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<p style="margin-bottom:6pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td></tr></table></div>
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<p style="margin-bottom:6pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td>
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<p style="margin-bottom:6pt;margin-top:0pt;font-family:Times New Roman Bold;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-family:Times New Roman Bold;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Section 7.03</font></p></td>
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<p style="margin-bottom:6pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td></tr></table></div>
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<p style="margin-bottom:6pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td>
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<p style="margin-bottom:6pt;margin-top:0pt;font-family:Times New Roman Bold;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-family:Times New Roman Bold;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Section 7.04</font></p></td>
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<p style="margin-bottom:6pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td></tr></table></div>
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<p style="margin-bottom:6pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td>
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<p style="margin-bottom:6pt;margin-top:0pt;font-family:Times New Roman Bold;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-family:Times New Roman Bold;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Section 7.05</font></p></td>
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<p style="margin-bottom:6pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td></tr></table></div>
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<p style="margin-bottom:6pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td>
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<p style="margin-bottom:6pt;margin-top:0pt;font-family:Times New Roman Bold;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-family:Times New Roman Bold;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Section 7.06</font></p></td>
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<p style="margin-bottom:6pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td></tr></table></div>
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<p style="margin-bottom:6pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td></tr></table></div>
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<p style="margin-bottom:6pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td>
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<p style="margin-bottom:6pt;margin-top:0pt;font-family:Times New Roman Bold;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-family:Times New Roman Bold;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Section 7.08</font></p></td>
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<p style="margin-bottom:6pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td></tr></table></div>
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<p style="margin-bottom:6pt;margin-top:6pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:12pt;">26</p></td>
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<p style="margin-bottom:6pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td>
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<p style="margin-bottom:6pt;margin-top:0pt;font-family:Times New Roman Bold;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-family:Times New Roman Bold;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Section 8.01</font></p></td>
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<p style="margin-bottom:6pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td></tr></table></div>
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<p style="margin-bottom:6pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td>
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<p style="margin-bottom:6pt;margin-top:0pt;font-family:Times New Roman Bold;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-family:Times New Roman Bold;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Section 8.02</font></p></td>
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<p style="margin-bottom:6pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td></tr></table></div>
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<p style="margin-bottom:6pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td>
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<p style="margin-bottom:6pt;margin-top:0pt;font-family:Times New Roman Bold;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-family:Times New Roman Bold;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Section 8.03</font></p></td>
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<p style="margin-bottom:6pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td></tr></table></div>
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<p style="margin-bottom:6pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td>
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<p style="margin-bottom:6pt;margin-top:0pt;font-family:Times New Roman Bold;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-family:Times New Roman Bold;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Section 8.04</font></p></td>
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<p style="margin-bottom:6pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td></tr></table></div>
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<p style="margin-bottom:6pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td>
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<p style="margin-bottom:6pt;margin-top:0pt;font-family:Times New Roman Bold;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-family:Times New Roman Bold;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Section 8.05</font></p></td>
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<p style="margin-bottom:6pt;margin-top:0pt;font-family:Times New Roman Bold;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-family:Times New Roman Bold;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Section 8.06</font></p></td>
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<p style="margin-bottom:6pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td></tr></table></div>
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<p style="margin-bottom:6pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td></tr></table></div>
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<p style="margin-bottom:6pt;margin-top:0pt;font-family:Times New Roman Bold;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-family:Times New Roman Bold;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Section 8.08</font></p></td>
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<p style="margin-bottom:6pt;margin-top:0pt;font-family:Times New Roman Bold;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-family:Times New Roman Bold;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Section 8.09</font></p></td>
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<p style="margin-bottom:6pt;margin-top:0pt;font-family:Times New Roman Bold;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-family:Times New Roman Bold;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Section 8.12</font></p></td>
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<p style="margin-bottom:6pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td></tr></table></div>
<p style="text-align:center;margin-top:12pt;margin-bottom:12pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">ii</a></p>
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<p style="margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<p style="margin-bottom:0pt;text-align:justify;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<p style="margin-bottom:0pt;text-align:justify;margin-top:0pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="_9kR3WTr2AA4BDMQ0mhi1V"></a><a name="_9kR3WTr2AA4BEK8ptxsXNns"></a><a name="_9kR3WTr2AA4BGLH6xmszrt9xswKUJMHDLFBHeSG"></a>Exhibit A<a name="_9kR3WTr2AA4BEK8ptxsXNns"></a> &#8211; Bill of Sale,<a name="_9kR3WTr2AA4BGLH6xmszrt9xswKUJMHDLFBHeSG"></a> Assignment and Assumption Agreement</p>
<p style="margin-bottom:0pt;text-align:justify;margin-top:0pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="_9kR3WTr2AA4BHQQ0mhi1X"></a>Exhibit B &#8211; License Agreement</p>
<p style="margin-bottom:0pt;text-align:justify;margin-top:0pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="_9kR3WTr2AA4BKTQ0mhi1Z"></a>Exhibit C &#8211; Support Agreement</p>
<p style="margin-bottom:0pt;text-align:justify;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<p style="margin-bottom:0pt;text-align:justify;margin-top:0pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Disclosure Schedules:</p>
<p style="margin-bottom:0pt;text-align:justify;margin-top:0pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Section 1 &#8211; Proposed Conduct of Business</p>
<p style="margin-bottom:0pt;text-align:justify;margin-top:0pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Section 2.01(a) &#8211; Inventory</p>
<p style="margin-bottom:0pt;text-align:justify;margin-top:0pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Section 2.01(b) &#8211; Assigned Contracts </p>
<p style="margin-bottom:0pt;text-align:justify;margin-top:0pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Section 2.01(c) &#8211; Actions </p>
<p style="margin-bottom:0pt;text-align:justify;margin-top:0pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Section 2.01(d) &#8211; Prepaids</p>
<p style="margin-bottom:0pt;text-align:justify;margin-top:0pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Section 3.02(viii) &#8211; Certain Closing Deliverables</p>
<p style="margin-bottom:0pt;text-align:justify;margin-top:0pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Section 4.01 &#8211; Organization</p>
<p style="margin-bottom:0pt;text-align:justify;margin-top:0pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Section 4.03 &#8211; Consents </p>
<p style="margin-bottom:0pt;text-align:justify;margin-top:0pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Section 4.05 &#8211; Absence of Certain Changes, Events and Conditions</p>
<p style="margin-bottom:0pt;text-align:justify;margin-top:0pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Section 4.06(a) &#8211; Material Contracts</p>
<p style="margin-bottom:0pt;text-align:justify;margin-top:0pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Section 4.06(b) &#8211; Payments under Material Contracts</p>
<p style="margin-bottom:0pt;text-align:justify;margin-top:0pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Section 4.08 &#8211; Sufficiency of Assets</p>
<p style="margin-bottom:0pt;text-align:justify;margin-top:0pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Section 4.09(a) &#8211; Intellectual Property </p>
<p style="margin-bottom:0pt;text-align:justify;margin-top:0pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Section 4.09(b) &#8211; Intellectual Property Agreements Not Being Assigned to Buyer</p>
<p style="margin-bottom:0pt;text-align:justify;margin-top:0pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Section 4.09(c) &#8211; Intellectual Property Rights</p>
<p style="margin-bottom:0pt;text-align:justify;margin-top:0pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Section 4.09(f) &#8211; Intellectual Property Rights</p>
<p style="margin-bottom:0pt;text-align:justify;margin-top:0pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Section 4.10(a) &#8211; Material Customers</p>
<p style="margin-bottom:0pt;text-align:justify;margin-top:0pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Section 4.10(b) &#8211; Material Suppliers</p>
<p style="margin-bottom:0pt;text-align:justify;margin-top:0pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Section 4.12(a) &#8211; Legal Proceedings; Government Orders</p>
<p style="margin-bottom:0pt;text-align:justify;margin-top:0pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Section 4.14 &#8211; Brokers</p>
<p style="margin-bottom:0pt;text-align:justify;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<p style="margin-bottom:0pt;text-align:justify;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<p style="text-align:center;margin-top:12pt;margin-bottom:12pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">iii</a></p>
<hr style="page-break-after:always;width:100%;">
<p style="margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<p style="text-align:center;margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:12pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"><a name="a000001"></a><a name="_AEIOULastRenderedPageBreakAEIOU4"></a><font style="font-weight:bold;font-size:12pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">ASSET PURCHASE AGREEMENT</font></p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="_9kR3WTr24447EN5tsgpqs8"></a><a name="_9kR3WTr24479GQ5tsgpqs8"></a><a name="_9kR3WTr2447DGM5tsgpqs8"></a>This Asset Purchase Agreement (this <a name="_9kR3WTr24447EN5tsgpqs8"></a><a name="_9kR3WTr24479GQ5tsgpqs8"></a><a name="_9kR3WTr2447DGM5tsgpqs8"></a>&#8220;<font style="font-weight:bold;">Agreement</font>&#8221;), dated as of February 12, 2020 is entered into between Circle Media Labs Inc., a Delaware corporation (&#8220;<font style="font-weight:bold;">Seller</font>&#8221;) and Smith Micro Software, Inc., a Delaware corporation (&#8220;<font style="font-weight:bold;">Buyer</font>&#8221;).</p>
<p style="text-align:center;margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-weight:bold;text-transform:uppercase;font-size:12pt;font-family:Times New Roman;font-style:normal;font-variant: normal;"><a name="a000002"></a>Recitals</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="a469071"></a><a name="_9kR3WTr244489IK8xtqwB"></a><a name="_9kR3WTr24479BMK8xtqwB"></a><a name="_9kR3WTr2447DBIK8xtqwB"></a>WHEREAS, Seller is engaged in the business of developing and licensing software and related hardware parental control solutions to Operators in and for the Field (as defined in the License Agreement) (the <a name="_9kR3WTr244489IK8xtqwB"></a><a name="_9kR3WTr24479BMK8xtqwB"></a><a name="_9kR3WTr2447DBIK8xtqwB"></a>&#8220;<font style="font-weight:bold;">Business</font>&#8221;); and</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="a864279"></a>WHEREAS, Seller wishes to sell and assign to Buyer, and Buyer wishes to purchase and/or exclusively license from Seller, the assets of Seller which are specific to the Business and other assets of Seller necessary to operate the Business, subject to the terms and conditions set forth herein.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="a757280"></a><a name="_9kMHG5YVt46669GP7vuirsuA"></a><a name="_9kMHG5YVt46669GP7vuirsuA"></a>NOW, THEREFORE, in consideration of the mutual covenants and agreements hereinafter set forth and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:</p>
<p style="text-align:center;margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-family:Times New Roman Bold;text-transform:uppercase;font-size:12pt;font-style:normal;font-variant: normal;"><a name="a579743"></a><a name="_9kR3WTr2994BLQG6yimpNrorw56DEAGL"></a><a name="_Ref527477166"></a><a name="_Toc26528157"></a><a name="_Toc28857542"></a><a name="_Toc30098401"></a><a name="_Toc31109047"></a><a name="_Toc31892893"></a>Article I<br /><a name="_Ref527477166"></a><a name="_Toc26528157"></a><a name="_Toc28857542"></a><a name="_Toc30098401"></a><a name="_Toc31109047"></a><a name="_Toc31892893"></a>Definitions</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="PTOTemp"></a><a name="a000003"></a><a name="_9kMHG5YVt4BB6DNSI80korPtqty78FGCIN"></a><a name="_9kMHG5YVt4BB6DNSI80korPtqty78FGCIN"></a>The following terms have the meanings specified or referred to in this Article I:</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="a52969"></a><a name="_9kR3WTr24448AI1ryu0"></a><a name="_9kMHG5YVt46669IcCu"></a><a name="_9kR3WTr24448AI1ryu0"></a>&#8220;<font style="font-weight:bold;">Action</font>&#8221;<a name="_9kMHG5YVt46669IcCu"></a> means any claim, action, cause of action, demand, lawsuit, arbitration, inquiry, audit, notice of violation, proceeding, litigation, citation, summons, subpoena or investigation of any nature, civil, criminal, administrative, regulatory or otherwise, whether at law or in equity.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="a920747"></a><a name="_9kR3WTr2447BDL4gkrsiuz"></a><a name="_9kR3WTr2447FDH4gkrsiuz"></a><a name="_9kR3WTr19A459ZIr640"></a><a name="_9kR3WTr24448FcIr640"></a><a name="_9kR3WTr2447ACaIr640"></a><a name="_9kR3WTr2447ECWIr640"></a><a name="_9kMHG5YVt46669JUHz5AseyF"></a><a name="_9kR3WTr2447BDL4gkrsiuz"></a><a name="_9kR3WTr2447FDH4gkrsiuz"></a>&#8220;<font style="font-weight:bold;">Affiliate</font>&#8221;<a name="_9kR3WTr19A459ZIr640"></a><a name="_9kR3WTr24448FcIr640"></a><a name="_9kR3WTr2447ACaIr640"></a><a name="_9kR3WTr2447ECWIr640"></a> of a Person means any other Person that directly or indirectly, through one or more intermediaries, controls, is controlled by, or is under common control with, such Person.&nbsp;&nbsp;The term &#8220;control&#8221; (including the terms &#8220;controlled by&#8221; and &#8220;under common control with&#8221;<a name="_9kMHG5YVt46669JUHz5AseyF"></a>) means the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of a Person, whether through the ownership of voting securities, by contract or otherwise.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="a868105"></a>&#8220;<font style="font-weight:bold;">Agreement</font>&#8221; has the meaning set forth in the preamble.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="a683391"></a><a name="_9kR3WTr2AA4CDHAswobt2y4jTpsp6F0"></a><a name="_9kR3WTr2AA4CDHAswobt2y4jTpsp6F0"></a>&#8220;<font style="font-weight:bold;">Allocation Schedule</font>&#8221; has the meaning set forth in Section 2.06.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="a593638"></a><a name="_9kR3WTr2AA4CGKClhrvlsHePv2Dy0G"></a><a name="_9kMHG5YVt4CC6DGMArvzuZPpu"></a><a name="_9kR3WTr2AA4CHLH6xmszrt9xswKUJMHDLFBHeSG"></a><a name="_9kMIH5YVt46669GP7vuirsuA"></a><a name="_9kR3WTr2AA4CGKClhrvlsHePv2Dy0G"></a>&#8220;<font style="font-weight:bold;">Ancillary Documents</font>&#8221;<a name="_9kMHG5YVt4CC6DGMArvzuZPpu"></a> means the Bill of Sale<a name="_9kR3WTr2AA4CHLH6xmszrt9xswKUJMHDLFBHeSG"></a>, Assignment and Assumption Agreement, the License Agreement, the Support Agreement,<a name="_9kMIH5YVt46669GP7vuirsuA"></a> and the other agreements, instruments and documents required to be delivered at the Closing.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="a249485"></a><a name="a375804"></a><a name="_9kR3WTr2884CKgLcszv1IJK"></a><a name="_9kMHG5YVt4BB6ENjNeu1x3KLMcO3wx0wvzsvABG"></a>&#8220;<font style="font-weight:bold;">Annual Statements of Income</font><a name="_9kR3WTr2884CKgLcszv1IJK"></a><a name="_9kMHG5YVt4BB6ENjNeu1x3KLMcO3wx0wvzsvABG"></a>&#8221; has the meaning set forth in Section 4.04.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="_9kR3WTr2884CMiLcszv1GHHt"></a><a name="_9kMHG5YVt4BB6FGbNeu1x3IJJvKSAGL3p9QGC76"></a>&#8220;<font style="font-weight:bold;">Assigned Contracts</font>&#8221;<a name="_9kR3WTr2884CMiLcszv1GHHt"></a><a name="_9kMHG5YVt4BB6FGbNeu1x3IJJvKSAGL3p9QGC76"></a> has the meaning set forth in Section 2.01(b).</p>
<p style="margin-top:12pt;margin-bottom:12pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
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<p style="margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="a242346"></a><a name="_AEIOULastRenderedPageBreakAEIOU5"></a><a name="_9kR3WTr2884DHcLcszv1GHJ"></a><a name="_9kMHG5YVt4BB6FKfNeu1x3IJLWTILG1tbbxr0BC"></a><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#8220;</font><font style="font-weight:bold;">Assumed Liabilities</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#8221;</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="_9kR3WTr2884DHcLcszv1GHJ"></a><a name="_9kMHG5YVt4BB6FKfNeu1x3IJLWTILG1tbbxr0BC"></a> has the meaning set forth in </font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Section 2.03</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">.</font></p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#8220;<font style="font-weight:bold;">Audit Firm</font>&#8221; has the meaning set forth in Section 6.08.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="a651171"></a><a name="_9kR3WTr24448GP0hilogXVom2"></a><a name="_9kR3WTr2447A8I0hilogXVom2"></a><a name="_9kR3WTr2447DHO0hilogXVom2"></a><a name="_9kMHG5YVt4AA6EMiNeu1x3KLM"></a><a name="_9kMIH5YVt4BB6ENjNeu1x3KLMcO3wx0wvzsvABG"></a><a name="_9kR3WTr24448GP0hilogXVom2"></a><a name="_9kR3WTr2447A8I0hilogXVom2"></a><a name="_9kR3WTr2447DHO0hilogXVom2"></a>&#8220;<font style="font-weight:bold;">Balance Sheet</font>&#8221;<a name="_9kMHG5YVt4AA6EMiNeu1x3KLM"></a><a name="_9kMIH5YVt4BB6ENjNeu1x3KLMcO3wx0wvzsvABG"></a> has the meaning set forth in Section 4.04.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="a568311"></a><a name="_9kMIH5YVt4AA6EMiNeu1x3KLM"></a><a name="_9kMJI5YVt4BB6ENjNeu1x3KLMcO3wx0wvzsvABG"></a>&#8220;<font style="font-weight:bold;">Balance Sheet Date</font>&#8221;<a name="_9kMIH5YVt4AA6EMiNeu1x3KLM"></a><a name="_9kMJI5YVt4BB6ENjNeu1x3KLMcO3wx0wvzsvABG"></a> has the meaning set forth in Section 4.04.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="a236931"></a><a name="_9kMIH5YVt4CC6DGMArvzuZPpu"></a><a name="_9kR3WTr2884DNiLcszv1HIItn"></a><a name="_9kMHG5YVt4BB6GHbNeu1x3JKKvpqkt48C7C8275"></a><a name="_9kMIH5YVt4CC6DGMArvzuZPpu"></a>&#8220;<font style="font-weight:bold;">Bill of Sale, Assignment and Assumption Agreement</font>&#8221;<a name="_9kR3WTr2884DNiLcszv1HIItn"></a><a name="_9kMHG5YVt4BB6GHbNeu1x3JKKvpqkt48C7C8275"></a> has the meaning set forth in Section 3.02(a)(i).</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="a262682"></a>&#8220;<font style="font-weight:bold;">Business</font>&#8221; has the meaning set forth in the recitals.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="a882832"></a>&#8220;<font style="font-weight:bold;">Business Assets</font>&#8221; means the Purchased Assets together with the Licensed Assets.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="_9kR3WTr24448DMK8xtqwBXA2"></a><a name="_9kR3WTr2447BFOK8xtqwBXA2"></a><a name="_9kR3WTr2447FFKK8xtqwBXA2"></a><a name="_9kMHG5YVt4666ABKMAzvsyD"></a><a name="_9kR3WTr24448DMK8xtqwBXA2"></a><a name="_9kR3WTr2447BFOK8xtqwBXA2"></a><a name="_9kR3WTr2447FFKK8xtqwBXA2"></a>&#8220;<font style="font-weight:bold;">Business Day</font>&#8221;<a name="_9kMHG5YVt4666ABKMAzvsyD"></a> means any day except Saturday, Sunday or any other day on which commercial banks located in New York, NY are authorized or required by Law to be closed for business.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="a453622"></a>&#8220;<font style="font-weight:bold;">Buyer</font>&#8221; has the meaning set forth in the preamble.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="a756558"></a><a name="_9kR3WTr2444ABJCv3yut"></a><a name="_9kR3WTr24479FRCv3yut"></a><a name="_9kR3WTr2447DFNCv3yut"></a><a name="_9kR3WTr2884EMgLcszv1HIH"></a><a name="_9kMHG5YVt4BB6GPjNeu1x3JKJWO7FA65"></a><a name="_9kR3WTr2444ABJCv3yut"></a><a name="_9kR3WTr24479FRCv3yut"></a><a name="_9kR3WTr2447DFNCv3yut"></a>&#8220;<font style="font-weight:bold;">Closing</font>&#8221;<a name="_9kR3WTr2884EMgLcszv1HIH"></a><a name="_9kMHG5YVt4BB6GPjNeu1x3JKJWO7FA65"></a> has the meaning set forth in Section 3.01.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="a835373"></a><a name="_9kMHG5YVt4AA6GOiNeu1x3JKJ"></a><a name="_9kMIH5YVt4BB6GPjNeu1x3JKJWO7FA65"></a>&#8220;<font style="font-weight:bold;">Closing Date</font>&#8221;<a name="_9kMHG5YVt4AA6GOiNeu1x3JKJ"></a><a name="_9kMIH5YVt4BB6GPjNeu1x3JKJWO7FA65"></a> has the meaning set forth in Section 3.01.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="a980363"></a><a name="_9kR3WTr24448BLFne"></a><a name="_9kR3WTr2447ABMFne"></a><a name="_9kR3WTr2447DKSFne"></a><a name="_9kR3WTr277567QK2ut3nmeS34xE6PU2t57Ldlj"></a><a name="_9kR3WTr24448BLFne"></a><a name="_9kR3WTr2447ABMFne"></a><a name="_9kR3WTr2447DKSFne"></a>&#8220;<font style="font-weight:bold;">Code</font>&#8221;<a name="_9kR3WTr277567QK2ut3nmeS34xE6PU2t57Ldlj"></a> means the Internal Revenue Code of 1986, as amended.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="a210281"></a><a name="_9kR3WTr24447HSFx38qcwD"></a><a name="_9kR3WTr24479DPFx38qcwD"></a><a name="_9kR3WTr2447DDLFx38qcwD"></a><a name="_9kMJI5YVt46669GP7vuirsuA"></a><a name="_9kR3WTr24447HSFx38qcwD"></a><a name="_9kR3WTr24479DPFx38qcwD"></a><a name="_9kR3WTr2447DDLFx38qcwD"></a>&#8220;<font style="font-weight:bold;">Contracts</font>&#8221;<a name="_9kMJI5YVt46669GP7vuirsuA"></a> means all contracts, leases, deeds, mortgages, licenses, instruments, notes, commitments, undertakings, indentures, joint ventures and all other agreements, commitments and legally binding arrangements, whether written or oral.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="a165992"></a><a name="_9kR3WTr2AA56AOAwrly6DDyaTpsp6F08"></a><a name="_9kR3WTr244798LAwrly6DDyaTpsp6F08"></a><a name="_9kR3WTr2447CHRAwrly6DDyaTpsp6F08"></a><a name="_9kMHG5YVt4CC78CQCytn08FF0cVrur8H2A"></a><a name="_9kR3WTr2AA56AOAwrly6DDyaTpsp6F08"></a><a name="_9kR3WTr244798LAwrly6DDyaTpsp6F08"></a><a name="_9kR3WTr2447CHRAwrly6DDyaTpsp6F08"></a>&#8220;<font style="font-weight:bold;">Disclosure Schedules</font>&#8221;<a name="_9kMHG5YVt4CC78CQCytn08FF0cVrur8H2A"></a> means the Disclosure Schedules delivered by Seller and Buyer concurrently with the execution and delivery of this Agreement.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="a983719"></a><a name="_9kR3WTr1AB45BPGvtjq977"></a><a name="_9kR3WTr1AB45BPGvtjq977"></a>&#8220;<font style="font-weight:bold;">Dollars or $</font>&#8221; means the lawful currency of the United States.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="a555964"></a><a name="_9kR3WTr2447AGTGlt4msspsk"></a><a name="_9kR3WTr2447EGPGlt4msspsk"></a><a name="_9kR3WTr2447AGTGlt4msspsk"></a><a name="_9kR3WTr2447EGPGlt4msspsk"></a>&#8220;<font style="font-weight:bold;">Encumbrance</font>&#8221; means any charge, claim, community property interest, pledge, condition, equitable interest, lien (statutory or other), option, security interest, mortgage, easement, encroachment, right of way, right of first refusal, or restriction of any kind, including any restriction on use, voting, transfer, receipt of income or exercise of any other attribute of ownership.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="a292945"></a><a name="_9kR3WTr28859DdLcszv1GHI"></a><a name="_9kMHG5YVt4BB7BGgNeu1x3IJKZc7wF8tuRbQDFU"></a>&#8220;<font style="font-weight:bold;">Excluded Assets</font>&#8221;<a name="_9kR3WTr28859DdLcszv1GHI"></a><a name="_9kMHG5YVt4BB7BGgNeu1x3IJKZc7wF8tuRbQDFU"></a> has the meaning set forth in Section 2.02.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="a1001539"></a><a name="_9kR3WTr28859HhLcszv1GHK"></a><a name="_9kMHG5YVt4BB7BKkNeu1x3IJMbc7wF8tuccys1C"></a>&#8220;<font style="font-weight:bold;">Excluded Liabilities</font>&#8221;<a name="_9kR3WTr28859HhLcszv1GHK"></a><a name="_9kMHG5YVt4BB7BKkNeu1x3IJMbc7wF8tuccys1C"></a> has the meaning set forth in Section 2.04.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="a918384"></a><a name="_9kR3WTr24448CPCrklokjngjyz4yz1HN"></a><a name="_9kMHG5YVt4CC6CJUEtmnqmlpil016013JP"></a><a name="_9kR3WTr2447AHVCrklokjngjyz4yz1HN"></a><a name="_9kR3WTr2447EHRCrklokjngjyz4yz1HN"></a><a name="_9kMJI5YVt4AA6EMiNeu1x3KLM"></a><a name="_9kMKJ5YVt4BB6ENjNeu1x3KLMcO3wx0wvzsvABG"></a><a name="_9kR3WTr24448CPCrklokjngjyz4yz1HN"></a><a name="_9kMHG5YVt4CC6CJUEtmnqmlpil016013JP"></a><a name="_9kR3WTr2447AHVCrklokjngjyz4yz1HN"></a><a name="_9kR3WTr2447EHRCrklokjngjyz4yz1HN"></a>&#8220;<font style="font-weight:bold;">Financial Statements</font>&#8221;<a name="_9kMJI5YVt4AA6EMiNeu1x3KLM"></a><a name="_9kMKJ5YVt4BB6ENjNeu1x3KLMcO3wx0wvzsvABG"></a> has the meaning set forth in Section 4.04.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="a937962"></a><a name="_9kR3WTr2885AAZLcszv1HIItn9"></a><a name="_9kMHG5YVt4BB7CDcNeu1x3JKKvpB4mr7NF231uC"></a>&#8220;<font style="font-weight:bold;">FIRPTA Certificate</font>&#8221;<a name="_9kR3WTr2885AAZLcszv1HIItn9"></a><a name="_9kMHG5YVt4BB7CDcNeu1x3JKKvpB4mr7NF231uC"></a> has the meaning set forth in Section 3.02(a)(iv).</p>
<p style="text-align:center;margin-top:12pt;margin-bottom:12pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">2</a></p>
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<p style="margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="a611458"></a><a name="_AEIOULastRenderedPageBreakAEIOU6"></a><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#8220;</font><font style="font-weight:bold;">GAAP</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#8221;</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> means United States generally accepted accounting principles in effect from time to time.</font></p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="a981259"></a>&#8220;<font style="font-weight:bold;">Governmental Authority</font>&#8221; means any federal, state, local or foreign government or political subdivision thereof, or any agency or instrumentality of such government or political subdivision, or any self-regulated organization or other non-governmental regulatory authority or quasi-governmental authority (to the extent that the rules, regulations or orders of such organization or authority have the force of Law), or any arbitrator, court or tribunal of competent jurisdiction.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="a871855"></a>&#8220;<font style="font-weight:bold;">Governmental Order</font>&#8221; means any order, writ, judgment, injunction, decree, stipulation, determination or award entered by or with any Governmental Authority.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="a277746"></a>&#8220;<font style="font-weight:bold;">Holdback</font>&#8221; has the meaning set forth in Section 2.05.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="a461920"></a>&#8220;<font style="font-weight:bold;">Independent Accountant</font>&#8221; means the office of an impartial nationally recognized firm of independent certified public accountants mutually agreed upon and appointed by Buyer and Seller.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="a209532"></a>&#8220;<font style="font-weight:bold;">Insurance Benefits</font>&#8221; has the meaning set forth in Section 2.01(f).</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="_9kR3WTr24449ETK199qnqiWb4zrsv6"></a><a name="_9kR3WTr2885AIhLcszv1IKK"></a><a name="_9kMHG5YVt4BB7CLkNeu1x3KMMeWDLL2z2u"></a><a name="_9kR3WTr24449ETK199qnqiWb4zrsv6"></a>&#8220;<font style="font-weight:bold;">Insurance Policies</font>&#8221;<a name="_9kR3WTr2885AIhLcszv1IKK"></a><a name="_9kMHG5YVt4BB7CLkNeu1x3KMMeWDLL2z2u"></a> has the meaning set forth in Section 4.11.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="a526008"></a><a name="_9kR3WTr26645CTJ5wt3zrt9xqRVL95GBEVLGRUH"></a><a name="_9kR3WTr24449CYEpup5B"></a><a name="_9kMHG5YVt4669BCib30"></a><a name="_9kMHG5YVt4669ELob30"></a><a name="_9kR3WTr2447ADOFzADyoo2E"></a><a name="_9kR3WTr2447EDKFzADyoo2E"></a><a name="_9kMIH5YVt4669BCib30"></a><a name="_9kMIH5YVt4669ELob30"></a><a name="_9kMIH5YVt4666ABKMAzvsyD"></a><a name="_9kMHG5YVt4666ADNHpg"></a><a name="_9kMIH5YVt4666ADNHpg"></a><a name="_9kMJI5YVt4666ADNHpg"></a><a name="_9kR3WTr2447AAbVpvDvrw"></a><a name="_9kR3WTr2447DJhVpvDvrw"></a>&#8220;<font style="font-weight:bold;">Intellectual Property</font>&#8221; means any and all rights in, arising out of, or associated with any of the following in any jurisdiction throughout the world<a name="_9kR3WTr26645CTJ5wt3zrt9xqRVL95GBEVLGRUH"></a>:&nbsp;&nbsp;(a) issued patents and patent applications (whether provisional or non-provisional), including divisionals, continuations, continuations-in-part, substitutions, reissues, reexaminations, extensions, or restorations of any of the foregoing, and other Governmental Authority-issued indicia of invention ownership (including certificates of invention, petty patents, and patent utility models) (<a name="_9kR3WTr24449CYEpup5B"></a>&#8220;<font style="font-weight:bold;">Patents</font>&#8221;); (b) trademarks, service marks, brands, certification marks, logos, trade dress, trade names, and other similar indicia of source or origin, together with the goodwill connected with the use of and symbolized by, and all registrations, applications for registration, and renewals of, any of the foregoing (&#8220;<font style="font-weight:bold;">Trademarks</font>&#8221;<a name="_9kMHG5YVt4669BCib30"></a><a name="_9kMHG5YVt4669ELob30"></a>); (c) copyrights and works of authorship, whether or not copyrightable, and all registrations, applications for registration, and renewals of any of the foregoing (<a name="_9kR3WTr2447ADOFzADyoo2E"></a><a name="_9kR3WTr2447EDKFzADyoo2E"></a>&#8220;<font style="font-weight:bold;">Copyrights</font>&#8221;); (d) internet domain names and social media account or user names (including &#8220;handles&#8221;<a name="_9kMIH5YVt4669BCib30"></a><a name="_9kMIH5YVt4669ELob30"></a>), whether or not Trademarks, all associated web addresses, URLs, websites and web pages, social media accounts and pages, and all content and data thereon or relating thereto, whether or not Copyrights; (e) mask works<a name="_9kMIH5YVt4666ABKMAzvsyD"></a>, and all registrations, applications for registration, and renewals thereof; (f) industrial designs, and all Patents, registrations, applications for registration, and renewals thereof; (g) trade secrets, know-how, inventions (whether or not patentable), discoveries, improvements, technology, business and technical information, databases, data compilations and collections, tools, methods, processes, techniques, and other confidential and proprietary information and all rights therein (&#8220;<font style="font-weight:bold;">Trade Secrets</font>&#8221;); (h) computer programs, operating systems, applications, firmware, middleware<a name="_9kMHG5YVt4666ADNHpg"></a> and other code<a name="_9kMIH5YVt4666ADNHpg"></a>, including all source code<a name="_9kMJI5YVt4666ADNHpg"></a>, object code, application programming interfaces, data files, databases, protocols, specifications, build instructions and other documentation thereof (<a name="_9kR3WTr2447AAbVpvDvrw"></a><a name="_9kR3WTr2447DJhVpvDvrw"></a>&#8220;<font style="font-weight:bold;">Software</font>&#8221;); (i) rights of publicity; and (j) all other intellectual or industrial property and proprietary rights.</p>
<p style="text-align:center;margin-top:12pt;margin-bottom:12pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">3</a></p>
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<p style="margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="a537519"></a><a name="_AEIOULastRenderedPageBreakAEIOU7"></a><a name="_9kR3WTr2AA5BBPK2unvphxGyqghDC36MUmPDC09"></a><a name="_9kMLK5YVt46669GP7vuirsuA"></a><a name="_9kMML5YVt46669GP7vuirsuA"></a><a name="_9kMIH5YVt46669EeMnoety"></a><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="_9kR3WTr2AA5BBPK2unvphxGyqghDC36MUmPDC09"></a>&#8220;</font><font style="font-weight:bold;">Intellectual Property Agreements</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#8221;</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="_9kMLK5YVt46669GP7vuirsuA"></a> means all licenses, sublicenses, consent to use </font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">agreements</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="_9kMML5YVt46669GP7vuirsuA"></a>, settlements, coexistence </font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">agreements</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="_9kMIH5YVt46669EeMnoety"></a>, covenants not to sue, waivers, </font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">releases</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">, permissions and other Contracts, whether written or oral, relating to any Intellectual Property that is used or held for use in the conduct of the Business as currently conducted </font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">or proposed to be conducted</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> by Seller</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">;</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">to which Seller is a party, beneficiary or otherwise bound.</font></p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="a145951"></a><a name="_9kMIH5YVt4666ACK3t0w2"></a>&#8220;<font style="font-weight:bold;">Intellectual Property Assets</font>&#8221; means all Intellectual Property that is owned by Seller and used or held for use in the conduct of the Business as currently conducted or proposed to be conducted by Seller<a name="_9kMIH5YVt4666ACK3t0w2"></a>, together with all (i) royalties, fees, income, payments, and other proceeds now or hereafter due or payable to Seller with respect to such Intellectual Property; and (ii) claims and causes of action with respect to such Intellectual Property, whether accruing before, on, or after the date hereof/accruing on or after the date hereof, including all rights to and claims for damages, restitution, and injunctive and other legal or equitable relief for past, present, or future infringement, misappropriation, or other violation thereof.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="a558061"></a>&#8220;<font style="font-weight:bold;">Intellectual Property Registrations</font>&#8221; means all Intellectual Property Assets that are subject to any issuance, registration, or application by or with any Governmental Authority or authorized private registrar in any jurisdiction, including issued Patents, registered Trademarks, domain names and Copyrights, and pending applications for any of the foregoing.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#8220;<font style="font-weight:bold;">Intellectual Property Rights</font>&#8221; has the meaning set forth in Section 4.09(f).</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="a897841"></a><a name="_9kR3WTr2AA5BESK2utyuSJyrsvrqunq56B568OU"></a><a name="_9kMKJ5YVt4AA6EMiNeu1x3KLM"></a><a name="_9kMLK5YVt4BB6ENjNeu1x3KLMcO3wx0wvzsvABG"></a><a name="_9kR3WTr2AA5BESK2utyuSJyrsvrqunq56B568OU"></a>&#8220;<font style="font-weight:bold;">Interim Financial Statements</font>&#8221;<a name="_9kMKJ5YVt4AA6EMiNeu1x3KLM"></a><a name="_9kMLK5YVt4BB6ENjNeu1x3KLMcO3wx0wvzsvABG"></a> has the meaning set forth in Section 4.04.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="a72682"></a><a name="_9kR3WTr2885BFdLcszv1GHHs"></a><a name="_9kMHG5YVt4BB7DIgNeu1x3IJJup3H92IKJUJ4DE"></a>&#8220;<font style="font-weight:bold;">Inventory</font>&#8221;<a name="_9kR3WTr2885BFdLcszv1GHHs"></a><a name="_9kMHG5YVt4BB7DIgNeu1x3IJJup3H92IKJUJ4DE"></a> has the meaning set forth in Section 2.01(a).</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="a102800"></a><a name="_9kR3WTr1AB45DYMx75ohkmvxcWw4y5GHwe4C6DS"></a><a name="_9kR3WTr1AB45DYMx75ohkmvxcWw4y5GHwe4C6DS"></a>&#8220;<font style="font-weight:bold;">Knowledge of Seller or Seller&#8217;s Knowledge</font>&#8221; or any other similar knowledge qualification, means the actual knowledge, of Andrew Olson, Julie Crawford, Tiebing Zhang and Anne Bryan.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="a241657"></a><a name="_9kR3WTr24447GaAs"></a><a name="_9kR3WTr2447AFZAs"></a><a name="_9kR3WTr2447EFVAs"></a><a name="_9kMKJ5YVt4666ADNHpg"></a><a name="_9kR3WTr24447GaAs"></a><a name="_9kR3WTr2447AFZAs"></a><a name="_9kR3WTr2447EFVAs"></a>&#8220;<font style="font-weight:bold;">Law</font>&#8221;<a name="_9kMKJ5YVt4666ADNHpg"></a> means any statute, law, ordinance, regulation, rule, code, order, constitution, treaty, common law, judgment, decree, other requirement or rule of law of any Governmental Authority.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="a825085"></a><a name="_9kR3WTr24447AUIeYhst23p0"></a><a name="_9kR3WTr24479CXIeYhst23p0"></a><a name="_9kR3WTr2447DCTIeYhst23p0"></a><a name="a74801"></a><a name="_9kR3WTr24447AUIeYhst23p0"></a><a name="_9kR3WTr24479CXIeYhst23p0"></a><a name="_9kR3WTr2447DCTIeYhst23p0"></a>&#8220;<font style="font-weight:bold;">Liabilities</font>&#8221;<a name="a74801"></a> means liabilities, obligations or commitments of any nature whatsoever, asserted or unasserted, known or unknown, absolute or contingent, accrued or unaccrued, matured or unmatured or otherwise.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#8220;<font style="font-weight:bold;">License Agreement</font>&#8221; has the meaning set forth in Section 3.02(a)(ii).</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#8220;<font style="font-weight:bold;">Licensed Assets</font>&#8221; means any and all assets and rights licensed to Buyer pursuant to the License Agreement.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="_9kR3WTr24448IbO27uv"></a><a name="_9kMLK5YVt46669CWKgajuv45r2"></a><a name="_9kR3WTr24448IbO27uv"></a>&#8220;<font style="font-weight:bold;">Losses</font>&#8221;<a name="_9kMLK5YVt46669CWKgajuv45r2"></a> means losses, damages, liabilities, deficiencies, Actions, judgments, interest, awards, penalties, fines, costs or expenses of whatever kind, including reasonable attorneys&#8217; fees and the cost of enforcing any right to indemnification hereunder and the cost of pursuing any insurance providers.</p>
<p style="text-align:center;margin-top:12pt;margin-bottom:12pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">4</a></p>
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<p style="margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="a60075"></a><a name="_AEIOULastRenderedPageBreakAEIOU8"></a><a name="_9kR3WTr2447BAUBputyimNA241G4RNvvt9"></a><a name="_9kR3WTr2447EJaBputyimNA241G4RNvvt9"></a><a name="_9kMJI5YVt4666ABKMAzvsyD"></a><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="_9kR3WTr2447BAUBputyimNA241G4RNvvt9"></a><a name="_9kR3WTr2447EJaBputyimNA241G4RNvvt9"></a>&#8220;</font><font style="font-weight:bold;">Material Adverse Effect</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#8221;</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> means any event, occurrence, fact, condition or change that is, or </font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">w</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="_9kMJI5YVt4666ABKMAzvsyD"></a>ould reasonably be expected to become, individually or in the aggregate, materially adverse to (a) the </font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">business</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">, results of operations, condition (financial or otherwise) or assets of the Business, (b) the value of the Purchased Assets, or (c) the ability of Seller to consummate the transactions contemplated hereby on a timely basis</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">; </font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">provided, however, in each case other than a condition, circumstance, event or situation arising out of or resulting from (i) changes in the financial, banking or capital markets or general economic conditions; (ii) conditions affecting the industries in which the Business operates that do not disproportionately affect the Company taken as a whole; (iii) regulatory or political conditions, or securities markets in the United States of America or worldwide; (iv) any outbreak of hostilities, terrorists activities or war, or any material worsening of any such hostilities, activities or war underway as of the date hereof; (v) any natural disasters, including earthquakes, wild fires, floods, mud slides, tsunamis, storms and other similar force majeure events; (vi) changes in law or GAAP, or in the interpretation thereof, in each case that do not disproportionately affect the Company taken as a whole; or (vii) any failure of the Business to meet any projections, budgets or estimates of financial performance for any period ending on or after the date of this Agreement</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> (provided that the underlying cause of any such failure shall not be excluded from the definition of Material Adverse Effect, to the extent applicable)</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">.</font></p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="a369833"></a><a name="_9kMHG5YVt4CC6CKcDrwv0koRP7DI0m6"></a><a name="_9kR3WTr2885BHfLcszv1IJNy"></a><a name="_9kMHG5YVt4BB7DKiNeu1x3KLP0ZYp5C8EVWaB6C"></a><a name="_9kMHG5YVt4CC6CKcDrwv0koRP7DI0m6"></a>&#8220;<font style="font-weight:bold;">Material Contracts</font>&#8221;<a name="_9kR3WTr2885BHfLcszv1IJNy"></a><a name="_9kMHG5YVt4BB7DKiNeu1x3KLP0ZYp5C8EVWaB6C"></a> has the meaning set forth in Section 4.06(a).</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="a519017"></a><a name="_9kR3WTr2885BJhLcszv1IKJt"></a><a name="_9kMHG5YVt4BB7DMkNeu1x3KMLvZYp5C8EVXW66C"></a>&#8220;<font style="font-weight:bold;">Material Customers</font>&#8221;<a name="_9kR3WTr2885BJhLcszv1IKJt"></a><a name="_9kMHG5YVt4BB7DMkNeu1x3KMLvZYp5C8EVXW66C"></a> has the meaning set forth in Section 4.10(a).</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="a101177"></a><a name="_9kR3WTr2885CCZLcszv1IKJu"></a><a name="_9kMHG5YVt4BB7EFcNeu1x3KMLwaYp5C8EVXW77C"></a>&#8220;<font style="font-weight:bold;">Material Suppliers</font>&#8221;<a name="_9kR3WTr2885CCZLcszv1IKJu"></a><a name="_9kMHG5YVt4BB7EFcNeu1x3KMLwaYp5C8EVXW77C"></a> has the meaning set forth in Section 4.10(b).</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="a963942"></a><a name="a185157"></a>&#8220;<font style="font-weight:bold;">Operators</font>&#8221; means cable, broadband, mobile (cellular and satellite) and fixed line operators.&nbsp;&nbsp;For the avoidance of doubt, the term &#8220;Operators&#8221; includes mobile virtual network operators (MVNOs), however if such MVNO or other Operator is a part of a larger organization which in another capacity is also a Licensed CP Maker (as defined in the License Agreement) the term Operators shall only apply to the MVNO or other such Operator business of such company.<a name="a185157"></a> &#8220;<font style="font-weight:bold;">Permit</font>&#8221; means any authorization, approval, consent, certificate, license, permit or franchise of or from any Governmental Authority.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="_9kMHG5YVt3BC67BbKt862"></a><a name="_9kMML5YVt46669CWKgajuv45r2"></a><a name="_9kMHG5YVt3BC67BbKt862"></a>&#8220;<font style="font-weight:bold;">Person</font>&#8221;<a name="_9kMML5YVt46669CWKgajuv45r2"></a> means an individual, corporation, partnership, joint venture, limited liability company, Governmental Authority, unincorporated organization, trust, association or other entity.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="a859660"></a>&#8220;<font style="font-weight:bold;">Pre-Closing Tax Period</font>&#8221; means any taxable period ending on or before the Closing Date and, with respect to any taxable period beginning before and ending after the Closing Date, the portion of such taxable period ending on and including the Closing Date.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="a262517"></a><a name="_9kR3WTr24447BZY7qhgsxVd3pm"></a><a name="_9kR3WTr244799YY7qhgsxVd3pm"></a><a name="_9kR3WTr2447CIeY7qhgsxVd3pm"></a><a name="_9kR3WTr2885CKhLcszv1GHL"></a><a name="_9kMHG5YVt4BB7ENkNeu1x3IJNnkJ2ts49hpF1y"></a><a name="_9kR3WTr24447BZY7qhgsxVd3pm"></a><a name="_9kR3WTr244799YY7qhgsxVd3pm"></a><a name="_9kR3WTr2447CIeY7qhgsxVd3pm"></a>&#8220;<font style="font-weight:bold;">Purchase Price</font>&#8221;<a name="_9kR3WTr2885CKhLcszv1GHL"></a><a name="_9kMHG5YVt4BB7ENkNeu1x3IJNnkJ2ts49hpF1y"></a> has the meaning set forth in Section 2.05.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="a1042408"></a><a name="_9kR3WTr2885DDZLcszv1GHH"></a><a name="_9kMHG5YVt4BB7FGcNeu1x3IJJjkJ2ts49s26me4"></a>&#8220;<font style="font-weight:bold;">Purchased Assets</font>&#8221;<a name="_9kR3WTr2885DDZLcszv1GHH"></a><a name="_9kMHG5YVt4BB7FGcNeu1x3IJJjkJ2ts49s26me4"></a> has the meaning set forth in Section 2.01.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="a689457"></a><a name="_9kR3WTr24449AYKp3tvws8wx696"></a><a name="_9kR3WTr24449AYKp3tvws8wx696"></a>&#8220;<font style="font-weight:bold;">Representative</font>&#8221; means, with respect to any Person, any and all directors, officers, employees, consultants, financial advisors, counsel, accountants and other agents of such Person.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="a363754"></a><a name="_9kR3WTr2885DFbLcszv1KLJu"></a><a name="_9kMHG5YVt4BB7FIeNeu1x3MNLwMVE1058DB78B3"></a>&#8220;<font style="font-weight:bold;">Restricted Period</font>&#8221;<a name="_9kR3WTr2885DFbLcszv1KLJu"></a><a name="_9kMHG5YVt4BB7FIeNeu1x3MNLwMVE1058DB78B3"></a> has the meaning set forth in Section 6.02(a).</p>
<p style="text-align:center;margin-top:12pt;margin-bottom:12pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">5</a></p>
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<p style="margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="a145022"></a><a name="_AEIOULastRenderedPageBreakAEIOU9"></a><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#8220;</font><font style="font-weight:bold;">SEC</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#8221;</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> means the United States Securities and Exchange Commission.</font></p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#8220;<font style="font-weight:bold;">Seller</font>&#8221; has the meaning set forth in the preamble.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="a939869"></a><a name="_9kR3WTr2447B9ZbrqykljtI"></a><a name="_9kR3WTr2447EIfbrqykljtI"></a><a name="_9kR3WTr19A789ZIr640"></a><a name="_9kR3WTr19A7BIfIr640"></a><a name="_9kMHG5YVt4669BEZKgajuv45r2"></a><a name="_9kMHG5YVt4669FEVKgajuv45r2"></a><a name="_9kMIH5YVt4669BDOMAzvsyD"></a><a name="_9kMIH5YVt4669FDKMAzvsyD"></a><a name="_9kR3WTr2447B9ZbrqykljtI"></a><a name="_9kR3WTr2447EIfbrqykljtI"></a>&#8220;<font style="font-weight:bold;">Subsidiary</font><a name="_9kR3WTr19A789ZIr640"></a><a name="_9kR3WTr19A7BIfIr640"></a>&#8221; of a Person<a name="_9kMHG5YVt4669BEZKgajuv45r2"></a><a name="_9kMHG5YVt4669FEVKgajuv45r2"></a> means a corporation, partnership, limited liability<a name="_9kMIH5YVt4669BDOMAzvsyD"></a><a name="_9kMIH5YVt4669FDKMAzvsyD"></a> company, or other business entity of which a majority of the shares of voting securities is at the time beneficially owned, or the management of which is otherwise controlled, directly or indirectly, through one or more intermediaries, or both, by such Person.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#8220;<font style="font-weight:bold;">Support Agreement</font>&#8221; has the meaning set forth in Section 3.02(a)(iii).</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="a285037"></a><a name="a138386"></a><a name="_9kR3WTr24449DdItyu"></a><a name="_9kR3WTr24449DdItyu"></a>&#8220;<font style="font-weight:bold;">Tax Return</font>&#8221; means any return, declaration, report, claim for refund, information return or statement or other document relating to Taxes, including any schedule or attachment thereto, and including any amendment thereof.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="_9kR3WTr2447AEgItyu"></a><a name="_9kR3WTr2447EEcItyu"></a><a name="_9kR3WTr2447AEgItyu"></a><a name="_9kR3WTr2447EEcItyu"></a>&#8220;<font style="font-weight:bold;">Taxes</font>&#8221; means all federal, state, local, foreign and other income, gross receipts, sales, use, production, ad valorem, transfer, documentary, franchise, registration, profits, license, lease, service, service use, withholding, payroll, employment, unemployment, estimated, excise, severance, environmental, stamp, occupation, premium, property (real or personal), real property gains, windfall profits, customs, duties or other taxes, fees, assessments or charges of any kind whatsoever imposed by a Governmental Authority, together with any interest, additions or penalties with respect thereto and any interest in respect of such additions or penalties.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="a851032"></a><a name="_9kR3WTr2554ACbItlNwDC6"></a><a name="_9kR3WTr2554ACbItlNwDC6"></a>&#8220;<font style="font-weight:bold;">Territory</font>&#8221; means Worldwide.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="_9kR3WTr24479EkLn5pm62oz"></a><a name="_9kR3WTr2447DEgLn5pm62oz"></a><a name="_9kMHG5YVt4AA7CIhNeu1x3IJJ1"></a><a name="_9kMIH5YVt4BB7CJiNeu1x3IJJ1ot594jd3B5CRS"></a><a name="_9kR3WTr24479EkLn5pm62oz"></a><a name="_9kR3WTr2447DEgLn5pm62oz"></a>&#8220;<font style="font-weight:bold;">Warranties</font><a name="_9kMHG5YVt4AA7CIhNeu1x3IJJ1"></a><a name="_9kMIH5YVt4BB7CJiNeu1x3IJJ1ot594jd3B5CRS"></a>&#8221; has the meaning set forth in Section 2.01(e).</p>
<p style="text-align:center;margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-family:Times New Roman Bold;text-transform:uppercase;font-size:12pt;font-style:normal;font-variant: normal;"><a name="a974120"></a><a name="_Toc26528158"></a><a name="_Toc28857543"></a><a name="_Toc30098402"></a><a name="_Toc31109048"></a><a name="_Toc31892894"></a>Article II<br /><a name="_Toc26528158"></a><a name="_Toc28857543"></a><a name="_Toc30098402"></a><a name="_Toc31109048"></a><a name="_Toc31892894"></a>Purchase and Sale</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;color:#000000;font-family:Times New Roman Bold;font-weight:bold;font-size:12pt;font-style:normal;text-transform:none;font-variant: normal;"><a name="_Ref527480916"></a><a name="_Toc26528159"></a><a name="_Toc28857544"></a><a name="_Toc30098403"></a><a name="_Toc31109049"></a><a name="_Toc31892895"></a><a name="_9kR3WTr2995DEaLcszv1GHHhiH0rq27q04kc27B"></a><a name="a394738"></a><a name="_Ref_ContractCompanion_9kb9Ur457"></a>Section 2.01<font style="margin-left:36pt;"></font><font style="font-family:Times New Roman;color:#000000;">Purchase and Sale of Assets; License of Intellectual Property</font></p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">.&nbsp;&nbsp;Subject to the terms and conditions set forth herein, at the Closing, Seller shall sell, assign, transfer, convey and deliver to Buyer, and Buyer shall assume and purchase from Seller, free and clear of any Encumbrances except those Encumbrances expressly set forth in the Assigned Contracts or inherent to the specific asset, all of Seller&#8217;s right, title and interest in, to and under all of the following assets (collectively, the &#8220;<font style="font-weight:bold;">Purchased Assets</font>&#8221;):</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:7.69%;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="a197271"></a><a name="_9kR3WTr2995BGeLcszv1GHHsn1F70GIHSH2BCII"></a><a name="_9kMJI5YVt4669BCib30"></a><a name="_9kMJI5YVt4669ELob30"></a><a name="_9kR3WTr2AA5EKfLcszv1GHHstz58uRQC71EMTTE"></a>(a)<font style="margin-left:36pt;"></font><a name="_9kMJI5YVt4669BCib30"></a><a name="_9kMJI5YVt4669ELob30"></a>inventory, finished goods, raw materials, work in progress, packaging, supplies, parts and other inventories listed<a name="_9kR3WTr2AA5EKfLcszv1GHHstz58uRQC71EMTTE"></a> on Section 2.01(a) of the Disclosure Schedules (&#8220;<font style="font-weight:bold;">Inventory</font>&#8221;);</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:7.69%;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="a1011642"></a><a name="_9kR3WTr2994DEZLcszv1GHHtIQ8EJ1n7OEA54NG"></a><a name="_9kMIH5YVt4BB6FGbNeu1x3IJJvKSAGL3p9QGC76"></a><a name="_9kR3WTr2AA5ELgLcszv1GHHtuz58uRQC71EMTTE"></a>(b)<font style="margin-left:36pt;"></font>Contracts listed <a name="_9kMIH5YVt4BB6FGbNeu1x3IJJvKSAGL3p9QGC76"></a><a name="_9kR3WTr2AA5ELgLcszv1GHHtuz58uRQC71EMTTE"></a>on Section 2.01(b) of the Disclosure Schedules, including all rights to receive payments (whether due or already paid to Seller or its Affiliate) associated with such Contracts that are attributable to any period or to any product or service to be provided following the Closing Date (the &#8220;<font style="font-weight:bold;">Assigned Contracts</font>&#8221;);</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:7.69%;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="a195708"></a><a name="_9kR3WTr2AA5FHbLcszv1GHHxyz58uRQC71EMTTE"></a>(c)<font style="margin-left:36pt;"></font>rights to the Actions <a name="_9kR3WTr2AA5FHbLcszv1GHHxyz58uRQC71EMTTE"></a>listed on Section 2.01(c) of the Disclosure Schedules;</p>
<p style="text-align:center;margin-top:12pt;margin-bottom:12pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">6</a></p>
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<p style="margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:7.69%;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="a955853"></a><a name="_AEIOULastRenderedPageBreakAEIOU10"></a><a name="_9kR3WTr2AA5FIcJfifw5q8IIz0069vSRD82FNUU"></a><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(d)</font><font style="margin-left:36pt;"></font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">prepaid expenses, credits, advance payments, claims, security, refunds, rights of recovery, rights of set-off, rights of recoupment, deposits, charges, sums and </font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">fees</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> (including any such item relating to the payment of Taxes)</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">listed</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="_9kR3WTr2AA5FIcJfifw5q8IIz0069vSRD82FNUU"></a> on </font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">S</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">ection</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> 2.01(</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">d</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">) of the Disclosure Schedules</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">;</font></p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:7.69%;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="a730441"></a><a name="_9kR3WTr2995AHgLcszv1GHHzmr372hb193APQH7"></a>(e)<font style="margin-left:36pt;"></font>all of Seller&#8217;s rights (or the benefit of such rights, to the extent such rights themselves are not assignable but the benefit thereof can be passed on) under warranties, indemnities and all similar rights against third parties  to the extent specific to any Purchased Assets (&#8220;<font style="font-weight:bold;">Warranties</font>&#8221;);</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:7.69%;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="a466797"></a>(f)<font style="margin-left:36pt;"></font>all insurance benefits, including rights and proceeds, after the Closing Date, specific to the Business, the Purchased Assets, or the Assumed Liabilities (the &#8220;<font style="font-weight:bold;">Insurance Benefits</font>&#8221;); and</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:7.69%;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(g)<font style="margin-left:36pt;"></font>Customer prospect lists specific to the Business.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Additionally, Seller shall license to Buyer Intellectual Property used by Seller in the Business to the extent specified in and subject to the terms of the License Agreement.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;color:#000000;font-family:Times New Roman Bold;font-weight:bold;font-size:12pt;font-style:normal;text-transform:none;font-variant: normal;"><a name="_Ref527480641"></a><a name="_Toc26528160"></a><a name="_Toc28857545"></a><a name="_Toc30098404"></a><a name="_Toc31109050"></a><a name="_Toc31892896"></a><a name="_9kR3WTr29959EeLcszv1GHIXa5uD6rsPZOBDS"></a><a name="a834105"></a>Section 2.02<font style="margin-left:36pt;"></font><font style="font-family:Times New Roman;color:#000000;">Excluded Assets</font></p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">.&nbsp;&nbsp;Notwithstanding the foregoing, the only assets for which ownership rights are being transferred, assigned or otherwise conveyed pursuant to this Agreement are Purchased Assets and shall not include any other assets of Seller (the &#8220;<font style="font-weight:bold;">Excluded Assets</font>&#8221;).&nbsp;&nbsp;For clarification, license rights to the Licensed Assets are being licensed pursuant to and subject to the terms of the License Agreement.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;color:#000000;font-family:Times New Roman Bold;font-weight:bold;font-size:12pt;font-style:normal;text-transform:none;font-variant: normal;"><a name="_Ref527480421"></a><a name="_Toc26528161"></a><a name="_Toc28857546"></a><a name="_Toc30098405"></a><a name="_Toc31109051"></a><a name="_Toc31892897"></a><a name="_9kR3WTr2994DIdLcszv1GHJURGJEzrZZvpy9AJK"></a><a name="a942686"></a>Section 2.03<font style="margin-left:36pt;"></font><font style="font-family:Times New Roman;color:#000000;">Assumed Liabilities</font></p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">.&nbsp;&nbsp;Subject to the terms and conditions set forth herein, Buyer shall assume and agree to pay, perform and discharge only the Liabilities of Seller in respect of the Assigned Contracts, but only to the extent that such Liabilities thereunder do not relate to the delivery of goods or provision of services prior to Closing, are required to be performed after the Closing Date and do not relate to any default or noncompliance existing as of the Closing Date (the &#8220;<font style="font-weight:bold;">Assumed Liabilities</font>&#8221;).  </p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;color:#000000;font-family:Times New Roman Bold;font-weight:bold;font-size:12pt;font-style:normal;text-transform:none;font-variant: normal;"><a name="_Ref527480658"></a><a name="_Toc26528162"></a><a name="_Toc28857547"></a><a name="_Toc30098406"></a><a name="_Toc31109052"></a><a name="_Toc31892898"></a><a name="_9kR3WTr29959IiLcszv1GHKZa5uD6rsaawqzABK"></a><a name="a171412"></a>Section 2.04<font style="margin-left:36pt;"></font><font style="font-family:Times New Roman;color:#000000;">Excluded Liabilities</font></p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="_9kMIH5YVt4BB6FKfNeu1x3IJLWTILG1tbbxr0BC"></a>.<a name="_9kMIH5YVt4BB6FKfNeu1x3IJLWTILG1tbbxr0BC"></a>&nbsp;&nbsp;Notwithstanding the provisions of Section 2.03 or any other provision in this Agreement to the contrary, Buyer shall not assume and shall not be responsible to pay, perform or discharge any Liabilities of Seller or any of its Affiliates of any kind or nature whatsoever other than the Assumed Liabilities, including any Liability (other than Assumed Liabilities) based upon, resulting from or arising out of the business, operations, properties, assets or obligations of Seller or any of its Affiliates conducted, existing or arising on or prior to the Closing Date<font style="color:#FF0000;">,</font> which shall specifically include any Liability arising out of the sale or supply of hardware to a customer prior to the Closing Date, or the use by the customer of such hardware, whether such use occurs prior to, on or after the Closing Date (the &#8220;<font style="font-weight:bold;">Excluded Liabilities</font>&#8221;).&nbsp;&nbsp;Seller shall, and shall cause each of its controlled Affiliates to, indemnify and hold harmless Buyer from all Excluded Liabilities which they are obligated to pay and satisfy.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;color:#000000;font-family:Times New Roman Bold;font-weight:bold;font-size:12pt;font-style:normal;text-transform:none;font-variant: normal;"><a name="_Ref527480906"></a><a name="_Toc26528163"></a><a name="_Toc28857548"></a><a name="_Toc30098407"></a><a name="_Toc31109053"></a><a name="_Toc31892899"></a><a name="_9kR3WTr2995CLiLcszv1GHLliH0rq27fnDzw"></a><a name="a867307"></a>Section 2.05<font style="margin-left:36pt;"></font><font style="font-family:Times New Roman;color:#000000;">Purchase Price; Holdback</font></p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="_Ref528059858"></a><a name="_9kR3WTr29959AaLcszv1GHLwYasmpw87xu8DARU"></a><a name="_AEIOULastRenderedPageBreakAEIOU11"></a>.<a name="_Ref528059858"></a><a name="_9kR3WTr29959AaLcszv1GHLwYasmpw87xu8DARU"></a>&nbsp;&nbsp;The purchase price for the Business Assets, inclusive of the license fee for the license under the License Agreement, shall be equal to Thirteen Million Five Hundred Thousand Dollars ($13,500,000.00) (the &#8220;<font style="font-weight:bold;">Purchase Price</font>&#8221;).&nbsp;&nbsp;Notwithstanding the above, the amount of One Million Three Hundred Fifty Thousand Dollars<font style="letter-spacing:1.4pt;"> </font></p>
<p style="text-align:center;margin-top:12pt;margin-bottom:12pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">7</p>
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<p style="margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">($</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">1,35</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">0,000</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">)</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> (the &#8220;</font><font style="font-weight:bold;">Holdback</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#8221;) shall be withheld from the Purchase Price payable at Closing</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">, and the amount of $</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">468,761.61</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> (the &#8220;Wunderman Payment&#8221;) shall be withheld from the Purchase Price </font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">and </font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">be remitted by Buyer</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">, on behalf of Seller,</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">at Closing </font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">to </font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Th</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">e Seattle Wunderman Network, LLC d/</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">b</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">/</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">a Wunderman Thompson</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">.&nbsp;&nbsp;</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The Holdback, less any amounts</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> of the Holdback</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> previously distributed to Buyer and any amounts subject to outstanding claims made by Buyer </font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">in good faith </font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">pursuant to </font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">this Agreement, </font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">the License Agreement</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">, the Support Agreement</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> or any other Ancillary Document</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">, shall be d</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">istributed to Seller</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">six months followin</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">g the Closing Date</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">.&nbsp;&nbsp;The Holdback may be used by Buyer to satisfy any claims made by Buyer or any </font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">of its Affiliates </font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">against Seller or its Affiliates pursuant to</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> this Agreement, </font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">the License Agreement</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">, the Support Agreement</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> or any other Ancillary Document</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">.&nbsp;&nbsp;In the event any outstanding claims exist at the time such Holdback is to otherwise be distributed to Seller, such portion of the Holdback relating to such claims shall be retained by Buyer and distributed, if any such funds remain, at such time all such claims have been finally resolved.</font></p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;color:#000000;font-family:Times New Roman Bold;font-size:12pt;font-weight:bold;font-style:normal;text-transform:none;font-variant: normal;"><a name="_Ref532480962"></a><a name="_Ref532480963"></a><a name="_Toc26528164"></a><a name="_Toc28857549"></a><a name="_Toc30098408"></a><a name="_Toc31109054"></a><a name="_Toc31892900"></a><a name="a641448"></a>Section 2.06<font style="margin-left:36pt;"></font><font style="font-family:Times New Roman;color:#000000;">Allocation of Purchase Price.</font></p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:12pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"><a name="_9kMHG5YVt4CC6EFJCuyqdv406lVrur8H2"></a><a name="_9kMIH5YVt4CC6EFJCuyqdv406lVrur8H2"></a><a name="_9kMJI5YVt4CC6EFJCuyqdv406lVrur8H2"></a><a name="_9kMKJ5YVt4CC6EFJCuyqdv406lVrur8H2"></a><a name="_9kR3WTr27767FjZrbqBBGrSo5Bs1A6CrduAHDJX"></a><a name="_9kMLK5YVt4CC6EFJCuyqdv406lVrur8H2"></a>&nbsp;&nbsp;<font style="font-weight:normal;">Seller and Buyer agree that the Purchase Price and the Assumed Liabilities (plus other relevant items to the extent properly taken into account under Section 1060 of the Code) shall be allocated among the Business Assets for Tax purposes in a manner consistent with Section 1060 of the Code and the applicable Treasury Regulations thereunder (and any corresponding provisions of applicable state tax Law).&nbsp;&nbsp;A draft of the allocation schedule (the <a name="_9kMHG5YVt4CC6EFJCuyqdv406lVrur8H2"></a>&#8220;</font>Allocation Schedule<font style="font-weight:normal;">&#8221;) shall be prepared by Buyer and delivered to Seller within 120<a name="_9kMIH5YVt4CC6EFJCuyqdv406lVrur8H2"></a> days following the Closing Date.&nbsp;&nbsp;If Seller notifies Buyer in writing that Seller objects to one or more items reflected in the Allocation Schedule<a name="_9kMJI5YVt4CC6EFJCuyqdv406lVrur8H2"></a>, Seller and Buyer shall negotiate in good faith to resolve such dispute; provided, however, that if Seller and Buyer are unable to resolve any dispute with respect to the Allocation Schedule within sixty (60) days following Buyer&#8217;s delivery of the draft Allocation Schedule, such dispute shall be resolved by the Independent Accountant.&nbsp;&nbsp;The fees and expenses of the Independent Accountant incurred under this Section 2.06 shall be borne equally by Seller and <a name="_9kMKJ5YVt4CC6EFJCuyqdv406lVrur8H2"></a>Buyer.&nbsp;&nbsp;Buyer and Seller shall file all Tax Returns (including amended returns and claims for refund) and information reports in a manner consistent with the Allocation Schedule as agreed to by Seller and Buyer (or as resolved by the Independent Accountant).<a name="_9kR3WTr27767FjZrbqBBGrSo5Bs1A6CrduAHDJX"></a>&nbsp;&nbsp;Any adjustments to the Purchase Price herein shall be allocated pursuant to Treasury Regulation Section 1.1060-1(e)(1)(ii)(B)<a name="_9kMLK5YVt4CC6EFJCuyqdv406lVrur8H2"></a> in a manner consistent with the Allocation Schedule.</font></p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;color:#000000;font-family:Times New Roman Bold;font-weight:bold;font-size:12pt;font-style:normal;text-transform:none;font-variant: normal;"><a name="_Toc28857550"></a><a name="_Toc30098409"></a><a name="_Toc31109055"></a><a name="_Toc31892901"></a><a name="a166909"></a>Section 2.07<font style="margin-left:36pt;"></font><font style="font-family:Times New Roman;color:#000000;">Reserved</font></p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;color:#000000;font-family:Times New Roman Bold;font-weight:bold;font-size:12pt;font-style:normal;text-transform:none;font-variant: normal;"><a name="_Ref527481288"></a><a name="_Toc26528166"></a><a name="_Toc28857551"></a><a name="_Toc30098410"></a><a name="_Toc31109056"></a><a name="_Toc31892902"></a><a name="_9kR3WTr299688aLcszv1GHPtZv62bT2MUoZHMEA"></a><a name="a484267"></a>Section 2.08<font style="margin-left:36pt;"></font><font style="font-family:Times New Roman;color:#000000;">Third Party Consents</font></p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="_9kR3WTr2AA687JFx38qcw98kS1A2A"></a><a name="_9kMPO5YVt46669GP7vuirsuA"></a><a name="_9kMJI5YVt46669IcCu"></a><a name="_9kMHG5YVt4BB8AAcNeu1x3IJRvbx84dV4OWqbJO"></a><a name="_AEIOULastRenderedPageBreakAEIOU12"></a>.&nbsp;&nbsp;To the extent that Seller&#8217;<a name="_9kR3WTr2AA687JFx38qcw98kS1A2A"></a>s rights under any Assigned Contract<a name="_9kMPO5YVt46669GP7vuirsuA"></a>, may not be assigned to Buyer without the consent of another Person which has not been obtained, this Agreement shall not constitute an agreement to assign the same if an attempted assignment would constitute a breach thereof or be unlawful, and Seller, at its expense, shall use its reasonable best efforts to obtain any such required consent(s) as promptly as possible.&nbsp;&nbsp;If any such consent shall not be obtained or if any attempted assignment would be ineffective or would impair Buyer&#8217;s rights under the Assigned Contract<a name="_9kMJI5YVt46669IcCu"></a> in question so that Buyer would not in effect acquire the benefit of all such rights, Seller, to the maximum extent permitted by law and the Assigned Contract, shall act after the Closing as Buyer&#8217;s agent in order to obtain for it the benefits thereunder and shall cooperate, to the maximum extent permitted by Law and the  Assigned Contract<a name="_9kMHG5YVt4BB8AAcNeu1x3IJRvbx84dV4OWqbJO"></a>, with Buyer in any other reasonable arrangement designed to provide such benefits to Buyer.&nbsp;&nbsp;Notwithstanding any provision in this Section 2.08 to the contrary, Buyer shall not be deemed to have waived its rights under Section 3.02(a)(vii) hereof unless and until Buyer either provides </p>
<p style="text-align:center;margin-top:12pt;margin-bottom:12pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">8</p>
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<p style="margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">written waivers thereof or elects to proceed to consummate the transactions contemplated by this Agreement at Closing.</font></p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;color:#000000;font-family:Times New Roman Bold;font-weight:bold;font-size:12pt;font-style:normal;text-transform:none;font-variant: normal;"><a name="_Toc532207621"></a><a name="_Toc26528167"></a><a name="_Toc28857552"></a><a name="_Toc30098411"></a><a name="_Toc31109057"></a><a name="_Toc31892903"></a>Section 2.09<font style="margin-left:36pt;"></font><font style="font-family:Times New Roman;color:#000000;">Further Assurances for Purchased Assets.</font></p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;In the event that after the Closing, it is discovered that certain assets, properties or rights constituting Business Assets, including Intellectual Property Assets and rights under Intellectual Property Agreements, were not provided to Buyer at Closing, and such assets, properties or rights are needed by Buyer in the operation of the Business, then Seller shall either (at Seller&#8217;s election) provide temporary access to such required assets, properties or rights under the Support Agreement or, if such assets, properties or rights are not otherwise used by Seller, provide such assets, properties or rights to Buyer, in each case upon the reasonable request of Buyer, at no additional cost or expense to Buyer other than any costs properly chargeable under the Support Agreement.&nbsp;&nbsp;For clarity, Seller makes no representation or warranty that its license pursuant to the Settlement and Patent License Agreement by and between Seller and Kajeet, Inc., dated as of September 4, 2018 (the &#8220;<font style="font-weight:bold;">Kajeet Settlement</font>&#8221;) is assignable, and such license is not considered part of the Business Assets.</p>
<p style="text-align:center;margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-family:Times New Roman Bold;text-transform:uppercase;font-size:12pt;font-style:normal;font-variant: normal;"><a name="a531273"></a><a name="_Toc26528168"></a><a name="_Toc28857553"></a><a name="_Toc30098412"></a><a name="_Toc31109058"></a><a name="_Toc31892904"></a>Article III<br /><a name="_Toc26528168"></a><a name="_Toc28857553"></a><a name="_Toc30098412"></a><a name="_Toc31109058"></a><a name="_Toc31892904"></a>Closing</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;color:#000000;font-family:Times New Roman Bold;font-weight:bold;font-size:12pt;font-style:normal;text-transform:none;font-variant: normal;"><a name="_Ref527480575"></a><a name="_Toc26528169"></a><a name="_Toc28857554"></a><a name="_Toc30098413"></a><a name="_Toc31109059"></a><a name="_Toc31892905"></a><a name="_9kR3WTr2994ENhLcszv1HIHUM5D843"></a><a name="a242422"></a>Section 3.01<font style="margin-left:36pt;"></font><font style="font-family:Times New Roman;color:#000000;">Closing</font></p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">.&nbsp;&nbsp;The consummation of the transactions contemplated hereby (the &#8220;<font style="font-weight:bold;">Closing</font>&#8221;) shall take place remotely via the exchange of documents and signatures on the date hereof (the &#8220;<font style="font-weight:bold;">Closing Date</font>&#8221;).  The Closing shall be effective as of 12:01 a.m. (Eastern Time) on the Closing Date (the &#8220;<font style="font-weight:bold;">Effective Time</font>&#8221;) and all calculations, actions and proceedings to be taken and all documents to be executed and delivered by all parties at the Closing will be deemed to have been taken and executed simultaneously at the Effective Time and no actions or proceedings will be deemed to have been taken nor documents executed or delivered until all have been taken, executed and delivered.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;color:#000000;font-family:Times New Roman Bold;font-weight:bold;font-size:12pt;font-style:normal;text-transform:none;font-variant: normal;"><a name="_Ref527481256"></a><a name="_Toc26528170"></a><a name="_Toc28857555"></a><a name="_Toc30098414"></a><a name="_Toc31109060"></a><a name="_Toc31892906"></a><a name="a715177"></a><a name="_9kR3WTr299679cLcszv1HIIVM5D843UN27IFC9u"></a>Section 3.02<font style="margin-left:36pt;"></font><font style="font-family:Times New Roman;color:#000000;">Closing Deliverables</font></p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:7.69%;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="a531137"></a>(a)<font style="margin-left:36pt;"></font>At the Closing, Seller shall deliver, or cause to be delivered, to Buyer the following:</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:15.38%;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="a740718"></a><a name="_9kR3WTr2994EFZLcszv1HIItnoir26A5A6053DP"></a><a name="a563181"></a><a name="_9kR3WTr2994DGbLcszv1HIItnwpvw2LC17E68OC"></a><a name="_9kMHzG6ZWu5777AHQ8wvjstvB"></a><a name="_9kMHG5YVt4CC6DHQS2ojk3Y"></a><a name="_9kMIH5YVt4CC6DINJ8zou1tvBzuyMWLOJFNHDJg"></a>(i)<font style="margin-left:36pt;"></font>a bill of sale,<a name="a563181"></a><a name="_9kR3WTr2994DGbLcszv1HIItnwpvw2LC17E68OC"></a> <a name="_9kMHzG6ZWu5777AHQ8wvjstvB"></a>assignment and assumption agreement<a name="_9kMHG5YVt4CC6DHQS2ojk3Y"></a> in the form of Exhibit A hereto (the <a name="_9kMIH5YVt4CC6DINJ8zou1tvBzuyMWLOJFNHDJg"></a>&#8220;<font style="font-weight:bold;">Bill of Sale,</font> <font style="font-weight:bold;">Assignment and Assumption Agreement</font>&#8221;) and duly executed by Seller transferring the Purchased Assets to Buyer and effecting the assignment to and assumption by Buyer of the Purchased Assets and the Assumed Liabilities;</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:15.38%;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="a830214"></a><a name="_9kR3WTr2995BDbLcszv1HIItnwxq1KB06D57NTJ"></a><a name="_Ref_ContractCompanion_9kb9Ur3CF"></a><a name="_Ref_ContractCompanion_9kb9Ur3CH"></a>(ii)<font style="margin-left:36pt;"></font>a license agreement in the form of Exhibit B hereto (the &#8220;<font style="font-weight:bold;">License Agreement</font>&#8221;) duly executed by Seller;</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:15.38%;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="_Ref_ContractCompanion_9kb9Ur3DE"></a><a name="_Ref_ContractCompanion_9kb9Ur3DG"></a>(iii)<font style="margin-left:36pt;"></font>a support agreement in the form of Exhibit C hereto (the &#8220;<font style="font-weight:bold;">Support Agreement</font>&#8221;) duly executed by Seller;</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:15.38%;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="a653913"></a><a name="_9kR3WTr2995ABaLcszv1HIItn92kp5LD01zsAFC"></a><a name="_9kR3WTr27768AdZrbqBBGrSo5Bs1A6CHxevBIEK"></a><a name="_9kMHG5YVt4666AHeKt862"></a><a name="_9kR3WTr27768BdLcszv1FKOQBz58uQV3u"></a>(iv)<font style="margin-left:36pt;"></font><a name="_9kR3WTr27768AdZrbqBBGrSo5Bs1A6CHxevBIEK"></a>a certificate pursuant to Treasury Regulations Section 1.1445-2(b) (the &#8220;<font style="font-weight:bold;">FIRPTA Certificate</font>&#8221;<a name="_9kMHG5YVt4666AHeKt862"></a>) that Seller is not a foreign person<a name="_9kR3WTr27768BdLcszv1FKOQBz58uQV3u"></a> within the meaning of Section 1445 of the Code duly executed by Seller;</p>
<p style="text-align:center;margin-top:12pt;margin-bottom:12pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">9</a></p>
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<p style="margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:15.38%;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="a828060"></a><a name="_AEIOULastRenderedPageBreakAEIOU13"></a><a name="_9kMKJ5YVt4CC6EIMEnjtxnuJgRx4F02I"></a><a name="_9kMLK5YVt4CC6EIMEnjtxnuJgRx4F02I"></a><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(v)</font><font style="margin-left:36pt;"></font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">a certificate of the Secretary or Assistant Secretary </font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(or equivalent </font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">officer) of Seller certifying: </font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(i) that attached thereto are true and complete copies of all resolutions adopted by the board of </font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">directors</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="_9kMKJ5YVt4CC6EIMEnjtxnuJgRx4F02I"></a> of Seller authorizing the execution, delivery and performance of this Agreement and the </font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Ancillary Documents</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="_9kMLK5YVt4CC6EIMEnjtxnuJgRx4F02I"></a> and the consummation of the transactions contemplated hereby and thereby, and that all such resolutions are in full force and effect and are all the resolutions adopted in connection with the transactions contemplated hereby and thereby; and (ii) the names and signatures of the officers of Seller authorized to sign this Agreement, the </font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Ancillary Documents</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> and the other documents to be del</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">ivered hereunder and thereunder;</font></p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:15.38%;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="a445686"></a>(vi)<font style="margin-left:36pt;"></font>such other customary instruments of transfer, assumption, filings or documents, in form and substance reasonably satisfactory to Buyer, as may be required to give effect to this Agreement;</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:15.38%;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="_9kMHG5YVt4BB8AEgNeu1x3KLLjcYTB326yARlcK"></a><a name="_9kR3WTr2AA68DfLcszv1IJJ8y47tQPB60DLSSDp"></a>(vii)<font style="margin-left:36pt;"></font>executed counterparts of a<a name="_9kMHG5YVt4BB8AEgNeu1x3KLLjcYTB326yARlcK"></a><a name="_9kR3WTr2AA68DfLcszv1IJJ8y47tQPB60DLSSDp"></a>ll approvals, consents and waivers that are listed on Section 4.03 of the Disclosure Schedules and have been received by Seller, or to the extent any such consents have not been received by Seller, written confirmation from Buyer that such consent will not be required for Closing;</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:15.38%;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(viii)<font style="margin-left:36pt;"></font>counterparts to those agreements or amendments to agreements set forth in Section 3.02(viii) of the Disclosure Schedules executed by the parties set forth in Section 3.02(viii) of the Disclosure Schedules; and</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:15.38%;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(ix)<font style="margin-left:36pt;"></font>written authorization and confirmation from any Person holding an Encumbrance with respect to the Purchased Assets that, once any applicable payment is made as outlined in sufficient detail therein, any and all Encumbrances held by such Person on the Purchased Assets shall be terminated, and the appropriate filings may be made on such Person&#8217;s behalf to evidence the termination of such Encumbrances; each in a form that is reasonably acceptable to Buyer.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:7.69%;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="a706083"></a>(b)<font style="margin-left:36pt;"></font>At the Closing, Buyer shall deliver to Seller the following:</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:15.38%;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="a135928"></a>(i)<font style="margin-left:36pt;"></font>the Purchase Price, less the Holdback amount and the Wunderman Payment (the &#8220;<font style="font-weight:bold;">Closing Payment</font>&#8221;), by wire transfer of immediately available funds to the bank account specified in writing by Seller no less than five (5) Business Days prior to the Closing Date;</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:15.38%;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="a377553"></a><a name="_9kMJI5YVt4CC6DINJ8zou1tvBzuyMWLOJFNHDJg"></a>(ii)<font style="margin-left:36pt;"></font><a name="_9kMJI5YVt4CC6DINJ8zou1tvBzuyMWLOJFNHDJg"></a>the Bill of Sale, Assignment and Assumption Agreement duly executed by Buyer;</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:15.38%;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(iii)<font style="margin-left:36pt;"></font>the License Agreement duly executed by Buyer;</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:15.38%;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(iv)<font style="margin-left:36pt;"></font>the Support Agreement duly executed by Buyer; and</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:15.38%;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="a447890"></a><a name="_AEIOULastRenderedPageBreakAEIOU14"></a><a name="_9kMML5YVt4CC6EIMEnjtxnuJgRx4F02I"></a><a name="_9kMNM5YVt4CC6EIMEnjtxnuJgRx4F02I"></a>(v)<font style="margin-left:36pt;"></font>a certificate of the Secretary or Assistant Secretary (or equivalent officer) of Buyer certifying: (i) that attached thereto are true and complete copies </p>
<p style="text-align:center;margin-top:12pt;margin-bottom:12pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">10</p>
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<p style="margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:15.38%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="_9kMML5YVt4CC6EIMEnjtxnuJgRx4F02I"></a>of all resolutions adopted by the board of directors of Buyer authorizing the execution, delivery and performance of this Agreement and the </font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Ancillary Documents</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="_9kMNM5YVt4CC6EIMEnjtxnuJgRx4F02I"></a> and the consummation of the transactions contemplated hereby and thereby, and that all such resolutions are in full force and effect and are all the resolutions adopted in connection with the transactions contemplated hereby and thereby; and (ii) the names and signatures of the officers of Buyer authorized to sign this Agreement, the </font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Ancillary Documents</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> and the other documents to be del</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">ivered hereunder and thereunder.</font></p>
<p style="text-align:center;margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-family:Times New Roman Bold;text-transform:uppercase;font-size:12pt;font-style:normal;font-variant: normal;"><a name="a373189"></a><a name="_9kR3WTr299699IG6yimpN9J32G6895L9AJFLQEA"></a><a name="_Ref527481483"></a><a name="_Toc26528171"></a><a name="_Toc28857556"></a><a name="_Toc30098415"></a><a name="_Toc31109061"></a><a name="_Toc31892907"></a>Article IV<br /><a name="_Ref527481483"></a><a name="_Toc26528171"></a><a name="_Toc28857556"></a><a name="_Toc30098415"></a><a name="_Toc31109061"></a><a name="_Toc31892907"></a>Representations and Warranties of Seller</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="a000005"></a><a name="_9kR3WTr2AA698ZLcszv12v14qNM83xAIPPAmf14"></a><a name="_9kMHG5YVt4BB8BBKI80korPBL54I8AB7NBCLHNS"></a><a name="_9kR3WTr2AA698ZLcszv12v14qNM83xAIPPAmf14"></a>Except as set forth in the correspondingly numbered Section of the Disclosure Schedules<a name="_9kMHG5YVt4BB8BBKI80korPBL54I8AB7NBCLHNS"></a>, Seller represents and warrants to Buyer that the statements contained in this Article IV are true and correct as of the date hereof.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;color:#000000;font-family:Times New Roman Bold;font-weight:bold;font-size:12pt;font-style:normal;text-transform:none;font-variant: normal;"><a name="_Ref527481492"></a><a name="_Toc26528172"></a><a name="_Toc28857557"></a><a name="_Toc30098416"></a><a name="_Toc31109062"></a><a name="_Toc31892908"></a><a name="_9kR3WTr29969AbLcszv1IJHge3nv4HA5EAG348m"></a><a name="a512046"></a>Section 4.01<font style="margin-left:36pt;"></font><font style="font-family:Times New Roman;color:#000000;">Organization and Qualification of Seller</font></p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="_9kMHG5YVt4BB8BCdNeu1x3KLJig5px6JC7GCI56"></a><a name="_9kR3WTr2AA69BcLcszv1IJH6y47tQPB60DLSSDp"></a><a name="_9kMML5YVt4666ABKMAzvsyD"></a><a name="_9kMNM5YVt4666ABKMAzvsyD"></a>.&nbsp;&nbsp;Seller is a corporation duly organized, validly existing and in good standing under the Laws of the State of Delaware and has full corporate<a name="_9kMHG5YVt4BB8BCdNeu1x3KLJig5px6JC7GCI56"></a><a name="_9kR3WTr2AA69BcLcszv1IJH6y47tQPB60DLSSDp"></a> power and authority to own, operate or lease the properties and assets now owned, operated or leased by it and to carry on the Business as currently conducted.&nbsp;&nbsp;Section 4.01 of the Disclosure Schedules<a name="_9kMML5YVt4666ABKMAzvsyD"></a> sets forth each jurisdiction in which Seller is licensed or qualified to do business<a name="_9kMNM5YVt4666ABKMAzvsyD"></a>, and Seller is duly licensed or qualified to do business and is in good standing in each jurisdiction in which the ownership of the Business Assets or the operation of the Business as currently conducted makes such licensing or qualification necessary; except where the failure to be so duly qualified or in good standing would not, and would not reasonably be expected to, individually or in the aggregate, have a Material Adverse Effect.&nbsp;&nbsp;No Affiliate of Seller holds any right, title or interest in any of the Business Assets, nor does any Affiliate of Seller operate any portion of the Business.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;color:#000000;font-family:Times New Roman Bold;font-weight:bold;font-size:12pt;font-style:normal;text-transform:none;font-variant: normal;"><a name="_Ref527482818"></a><a name="_Toc26528173"></a><a name="_Toc28857558"></a><a name="_Toc30098417"></a><a name="_Toc31109063"></a><a name="_Toc31892909"></a><a name="_9kR3WTr2996EJfLcszv1IJITTJ73E9CTP7mg6E8"></a><a name="a95475"></a>Section 4.02<font style="margin-left:36pt;"></font><font style="font-family:Times New Roman;color:#000000;">Authority of Seller</font></p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="_9kMON5YVt4CC6EIMEnjtxnuJgRx4F02I"></a><a name="_9kMPO5YVt4CC6EIMEnjtxnuJgRx4F02I"></a><a name="_9kMKJ5YVt4666ACK3t0w2"></a><a name="_9kMHzG6ZWu5DD7FJNFokuyovKhSy5G13J"></a><a name="_9kMH0H6ZWu5DD7FJNFokuyovKhSy5G13J"></a>.&nbsp;&nbsp;Seller has full corporate<a name="_9kMON5YVt4CC6EIMEnjtxnuJgRx4F02I"></a> power and authority to enter into this Agreement and the Ancillary Documents<a name="_9kMPO5YVt4CC6EIMEnjtxnuJgRx4F02I"></a> to which Seller is a party, to carry out its obligations hereunder and thereunder and to consummate the transactions contemplated hereby and thereby.&nbsp;&nbsp;The execution and delivery by Seller of this Agreement and any Ancillary Document<a name="_9kMKJ5YVt4666ACK3t0w2"></a> to which Seller is a party, the performance by Seller of its obligations hereunder and thereunder and the consummation by Seller of the transactions contemplated hereby and thereby have been duly authorized by all requisite corporate action<a name="_9kMHzG6ZWu5DD7FJNFokuyovKhSy5G13J"></a> on the part of Seller.&nbsp;&nbsp;This Agreement has been duly executed and delivered by Seller, and (assuming due authorization, execution and delivery by Buyer) this Agreement constitutes a legal, valid and binding obligation of Seller enforceable against Seller in accordance with its terms.&nbsp;&nbsp;When each Ancillary Document<a name="_9kMH0H6ZWu5DD7FJNFokuyovKhSy5G13J"></a> to which Seller is or will be a party has been duly executed and delivered by Seller (assuming due authorization, execution and delivery by each other party thereto), such Ancillary Document will constitute a legal and binding obligation of Seller enforceable against it in accordance with its terms.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;color:#000000;font-family:Times New Roman Bold;font-weight:bold;font-size:12pt;font-style:normal;text-transform:none;font-variant: normal;"><a name="_Ref527481516"></a><a name="_Toc26528174"></a><a name="_Toc28857559"></a><a name="_Toc30098418"></a><a name="_Toc31109064"></a><a name="_Toc31892910"></a><a name="_9kR3WTr29968CeLcszv1IJJhaWR9104w8PjaINF"></a><a name="a764353"></a>Section 4.03<font style="margin-left:36pt;"></font><font style="font-family:Times New Roman;color:#000000;">No Conflicts; Consents</font></p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="_9kMH1I6ZWu5DD7FJNFokuyovKhSy5G13J"></a><a name="_AEIOULastRenderedPageBreakAEIOU15"></a><a name="_9kMIH5YVt4BB8AEgNeu1x3KLLjcYTB326yARlcK"></a><a name="_9kMHG5YVt4CC8AFhNeu1x3KLLA069vSRD82FNUU"></a><a name="_9kMLK5YVt4666ACK3t0w2"></a><a name="_9kMHG5YVt4CC8A9LHz5AseyBAmU3C4C"></a><a name="_9kMH2J6ZWu5DD7FJNFokuyovKhSy5G13J"></a>.<a name="_9kMH1I6ZWu5DD7FJNFokuyovKhSy5G13J"></a>&nbsp;&nbsp;The execution, delivery and performance by Seller of this Agreement and the Ancillary Documents to which it is a party, and the consummation of the transactions contemplated hereby and thereby, do not and will not:&nbsp;&nbsp;(a)&#160;conflict with or result in a violation or breach of, or default under, any provision of the certificate of incorporation, by-</p>
<p style="text-align:center;margin-top:12pt;margin-bottom:12pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">11</p>
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<p style="margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">laws or other organizational documents of Seller</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="_9kMIH5YVt4BB8AEgNeu1x3KLLjcYTB326yARlcK"></a><a name="_9kMHG5YVt4CC8AFhNeu1x3KLLA069vSRD82FNUU"></a>; (b)&#160;conflict with or result in a violation or breach of any provision of any Law or Governmental Order applicable to Seller, the Business or the Purchased Assets; (c) except as set forth in </font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Section 4.03</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> of the Disclosure Schedules</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="_9kMLK5YVt4666ACK3t0w2"></a>, require the consent, notice or other </font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">action</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="_9kMHG5YVt4CC8A9LHz5AseyBAmU3C4C"></a> by any Person under, conflict with, result in a violation or breach of, constitute a default or an event that, with or without notice or lapse of time or both, would constitute a default under, result in the acceleration of or create in any party the right to accelerate, terminate, modify or cancel any </font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Contract or Permit</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="_9kMH2J6ZWu5DD7FJNFokuyovKhSy5G13J"></a> to which Seller is a party or by which Seller or the Business is bound or to which any of the Purchased Assets are subject (including any Assigned Contract); or (d) result in the creation or imposition of any Encumbrance on the Purchased Assets.&nbsp;&nbsp;No consent, approval, Permit, Governmental Order, declaration or filing with, or notice to, any Governmental Authority is required by or with respect to Seller in connection with the execution and delivery of this Agreement or any of the </font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Ancillary Documents</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> and the consummation of the transactions contemplated hereby and thereby.</font></p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;color:#000000;font-family:Times New Roman Bold;font-weight:bold;font-size:12pt;font-style:normal;text-transform:none;font-variant: normal;"><a name="_Ref527480432"></a><a name="_Toc26528175"></a><a name="_Toc28857560"></a><a name="_Toc30098419"></a><a name="_Toc31109065"></a><a name="_Toc31892911"></a><a name="_9kMIH5YVt4CC6CJUEtmnqmlpil016013JP"></a><a name="_9kR3WTr2994CLhLcszv1IJKaM1uvyutxqt89E89"></a><a name="a234332"></a>Section 4.04<font style="margin-left:36pt;"></font><font style="font-family:Times New Roman;color:#000000;">Financial Statements</font></p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="_9kMHG5YVt4CC7DGUM4wv0wUL0tuxtswps78D78A"></a><a name="_9kMJI5YVt4CC6CJUEtmnqmlpil016013JP"></a><a name="_9kR3WTr2AA69CePhGFunornmqjm127124KQ"></a><a name="_9kMHG5YVt4669CBLG0x2tptYUmxD35"></a><a name="_9kMHG5YVt4669FKRG0x2tptYUmxD35"></a>.&nbsp;&nbsp;Copies of the statements of revenue and direct expenses of the Business for the fiscal year ending December 31, 2018 (the &#8220;<font style="font-weight:bold;">Annual Statements of Income</font>&#8221;), and financial statements consisting of assets acquired and liabilities assumed by Buyer as of December 31, 2019 and the related statement of revenue and direct expenses for the nine-month period then ended (the <a name="_9kMHG5YVt4CC7DGUM4wv0wUL0tuxtswps78D78A"></a>&#8220;<font style="font-weight:bold;">Interim Financial Statements</font>&#8221; and together with the Annual Statements of Income, the <a name="_9kMJI5YVt4CC6CJUEtmnqmlpil016013JP"></a>&#8220;<font style="font-weight:bold;">Financial Statements</font>&#8221;<a name="_9kR3WTr2AA69CePhGFunornmqjm127124KQ"></a>) have been delivered to Buyer.&nbsp;&nbsp;The Financial Statements <a name="_9kMHG5YVt4669CBLG0x2tptYUmxD35"></a><a name="_9kMHG5YVt4669FKRG0x2tptYUmxD35"></a>are based on the books and records of the Business, and fairly present (i) the assets acquired and liabilities assumed by Buyer and the revenue and direct expenses of the Business as of the respective dates they were prepared, and (ii) the operations of the Business for the periods indicated.&nbsp;&nbsp;The statement of assets acquired and liabilities assumed as of December 31, 2018 is referred to herein as the &#8220;<font style="font-weight:bold;">Balance Sheet</font>&#8221; and the date thereof as the &#8220;<font style="font-weight:bold;">Balance Sheet Date.</font>&#8221; Seller maintains a standard system of accounting.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;color:#000000;font-family:Times New Roman Bold;font-weight:bold;font-size:12pt;font-style:normal;text-transform:none;font-variant: normal;"><a name="_Toc26528176"></a><a name="_Toc28857561"></a><a name="_Toc30098420"></a><a name="_Toc31109066"></a><a name="_Toc31892912"></a><a name="a928618"></a>Section 4.05<font style="margin-left:36pt;"></font><font style="font-family:Times New Roman;color:#000000;">Absence of Certain Changes, Events and Conditions</font></p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="_9kR3WTr2AA69FgLcszv1IJMBy47tQPB60DLSSDp"></a><a name="_9kMPO5YVt4666ABKMAzvsyD"></a><a name="a580179"></a>.&nbsp;&nbsp;<a name="_9kR3WTr2AA69FgLcszv1IJMBy47tQPB60DLSSDp"></a>Except as listed on Section 4.05 of the Disclosure Schedules, since January 1, 2019, the Business has been operated in the <a name="_9kMPO5YVt4666ABKMAzvsyD"></a>ordinary course of business consistent with past practice and <a name="a580179"></a>there has not been any event, occurrence or development that has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect with respect to the Business.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;color:#000000;font-family:Times New Roman Bold;font-weight:bold;font-size:12pt;font-style:normal;text-transform:none;font-variant: normal;"><a name="_Ref527481651"></a><a name="_Toc26528177"></a><a name="_Toc28857562"></a><a name="_Toc30098421"></a><a name="_Toc31109067"></a><a name="_Toc31892913"></a><a name="_9kMJI5YVt4CC6CKcDrwv0koRP7DI0m6"></a><a name="a174289"></a><a name="_9kR3WTr2996ADdLcszv1IJNkLz438swZXFLQ8uE"></a>Section 4.06<font style="margin-left:36pt;"></font><font style="font-family:Times New Roman;color:#000000;">Material Contracts</font></p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:7.69%;text-indent:7.69%;color:#auto;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="_9kMIH5YVt4BB7DKiNeu1x3KLP0ZYp5C8EVWaB6C"></a><a name="_9kR3WTr2AA6A9ZLcszv1IJNytz58uRQC71EMTTE"></a><a name="_9kR3WTr2995BIgLcszv1IJNyXWn3A6CTUY94AGJ"></a><a name="a843167"></a><a name="_Ref527481616"></a><a name="_9kMKJ5YVt4CC6CKcDrwv0koRP7DI0m6"></a><font style="text-decoration:none;">(a)</font><font style="text-decoration:none;margin-left:36pt;"></font><font style="color:#000000;">Section 4.06(a)<a name="_Ref527481616"></a> of the Disclosure Schedules lists each Contract of Seller (x) by which the Business or any of the Business Assets are bound or materially affected or (y) to which Seller is a party or by which it is bound in connection with the Business or the Business Assets, including those Contracts that will not be assigned to Buyer and that Buyer will have to replace in order to operate the Business following the Closing, but excluding those related to general purpose facilities, infrastructure, administration and the like that are not specific to the Business (the <a name="_9kMKJ5YVt4CC6CKcDrwv0koRP7DI0m6"></a>&#8220;</font><font style="font-weight:bold;color:#000000;">Material Contracts</font><font style="color:#000000;">&#8221;), specifying for each the date, title and parties thereto.&nbsp;&nbsp;</font></p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:7.69%;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="a505410"></a><a name="_9kMLK5YVt4CC6CKcDrwv0koRP7DI0m6"></a><a name="_9kR3WTr266469TMx75ohkm"></a><a name="_AEIOULastRenderedPageBreakAEIOU16"></a><a name="_9kMML5YVt4CC6CKcDrwv0koRP7DI0m6"></a><a name="_9kMNM5YVt4CC6CKcDrwv0koRP7DI0m6"></a><a name="_9kMHG5YVt4666BDZKt2u2D"></a><a name="_9kMIH5YVt4666AKdQ49wx"></a>(b)<font style="margin-left:36pt;"></font><a name="_9kMLK5YVt4CC6CKcDrwv0koRP7DI0m6"></a>Each Material Contract is valid and binding on Seller in accordance with its terms and is in full force and effect.&nbsp;&nbsp;None of Seller or, to Seller&#8217;<a name="_9kR3WTr266469TMx75ohkm"></a>s Knowledge, any other party thereto is in breach of or default under (or is alleged to be in breach of or default </p>
<p style="text-align:center;margin-top:12pt;margin-bottom:12pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">12</p>
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<p style="margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">under), or has provided or received any notice of any intention to terminate, any</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="_9kMML5YVt4CC6CKcDrwv0koRP7DI0m6"></a> </font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Material Contract</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">.&nbsp;&nbsp;No event or circumstance has occurred that, with notice or lapse of time or both, would constitute an event of default under any</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="_9kMNM5YVt4CC6CKcDrwv0koRP7DI0m6"></a> </font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Material Contract</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="_9kMHG5YVt4666BDZKt2u2D"></a> or result in a termination thereof or would cause or </font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">permit</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="_9kMIH5YVt4666AKdQ49wx"></a> the acceleration or other changes of any right or obligation or the </font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">loss</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> of any benefit thereunder.&nbsp;&nbsp;</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Complete and correct copies of each Material Contract (including all modifications, amendments and supplements thereto and waivers thereunder) have been made available to Buyer.&nbsp;&nbsp;</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">There are no material disputes pending or threatened under any </font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Material </font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Contract </font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">related to the </font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Business</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">or </font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">any of the P</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">urchased Assets.</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Seller has not received any payments pursuant to the Assigned Contracts that relate to, are associated with or are attributable to any period, or to any product or service to be provided, following the Closing.</font></p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;color:#000000;font-family:Times New Roman Bold;font-weight:bold;font-size:12pt;font-style:normal;text-transform:none;font-variant: normal;"><a name="_Ref527480892"></a><a name="_Toc26528178"></a><a name="_Toc28857563"></a><a name="_Toc30098422"></a><a name="_Toc31109068"></a><a name="_Toc31892914"></a><a name="_9kR3WTr2995CJgLcszv1IJOsa7Bx6HopO7yx9E0"></a><a name="a189016"></a>Section 4.07<font style="margin-left:36pt;"></font><font style="font-family:Times New Roman;color:#000000;">Title to Purchased Assets</font></p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">.&nbsp;&nbsp;Seller has good and valid title to, or a valid leasehold interest in, all of the Purchased Assets.&nbsp;&nbsp;All such Purchased Assets (including leasehold interests) are free and clear of Encumbrances except those Encumbrances expressly set forth in the Assigned Contracts.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;color:#000000;font-family:Times New Roman Bold;font-weight:bold;font-size:12pt;font-style:normal;text-transform:none;font-variant: normal;"><a name="_Ref527483271"></a><a name="_Toc28857564"></a><a name="_Toc30098423"></a><a name="_Toc31109069"></a><a name="_Toc31892915"></a>Section 4.08<font style="margin-left:36pt;"></font><font style="font-family:Times New Roman;color:#000000;">Condition and Sufficiency of Assets</font></p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">.&nbsp;&nbsp;Except for the (i) assets used in the administrative and corporate overhead of the Business and (ii) assets set forth in Section 4.08 of the Disclosure Schedules, the Purchased Assets and Licensed Assets are all the material assets of&nbsp;&nbsp;Seller used by Seller in the conduct of the Business prior to the Closing, and, excluding those related to general purpose facilities, infrastructure, administration, and the like, constitute all of the material rights, property and assets necessary to conduct the Business as currently conducted.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;color:#000000;font-family:Times New Roman Bold;font-weight:bold;font-size:12pt;font-style:normal;text-transform:none;font-variant: normal;"><a name="_Ref528061737"></a><a name="_Toc26528180"></a><a name="_Toc28857565"></a><a name="_Toc30098424"></a><a name="_Toc31109070"></a><a name="_Toc31892916"></a><a name="a871166"></a><a name="_9kR3WTr2996AEeLcszv1IKIaUC4x5zr7Q80qrNM"></a><a name="_Ref_ContractCompanion_9kb9Ur3DI"></a>Section 4.09<font style="margin-left:36pt;"></font><font style="font-family:Times New Roman;color:#000000;">Intellectual Property</font></p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:7.69%;text-indent:7.69%;color:#auto;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="_9kMHG5YVt4BB8CJjNeu1x3KMKuZYp5C8EVXV56C"></a><a name="_9kR3WTr2AA6AIiLcszv1IKIstz58uRQC71EMTTE"></a><a name="_9kR3WTr2996AHhLcszv1IKIsXWn3A6CTVT34AGJ"></a><a name="a497252"></a><a name="_Ref527481718"></a><a name="_9kMHG5YVt4666BEaGrwr7D"></a><a name="_9kMON5YVt4666ACK3t0w2"></a><font style="text-decoration:none;">(a)</font><font style="text-decoration:none;margin-left:36pt;"></font><font style="color:#000000;">Section 4.09(a)<a name="_Ref527481718"></a> of the Disclosure Schedules contains a correct, current and complete list of:&nbsp;&nbsp;(i) all Intellectual Property Registrations of Seller relating to the Business<a name="_9kMHG5YVt4666BEaGrwr7D"></a>, specifying as to each, as applicable:&nbsp;&nbsp;the title, mark, or design; the jurisdiction by or in which it has been issued, registered or filed; the patent, registration or application serial number; the issue, registration or filing date; and the current status; (ii) all material unregistered Trademarks of Seller relating to the Business; and (iii) all Software proprietary to Seller relating to the Business by name and version number.&nbsp;&nbsp;All required filings and fees related to the Intellectual Property Registrations relating to the Business <a name="_9kMON5YVt4666ACK3t0w2"></a>have been timely filed with and paid to the relevant Governmental Authorities and authorized registrars, and all Intellectual Property Registrations are otherwise in good standing.&nbsp;&nbsp;Seller has provided Buyer with true and complete copies of file histories, documents, certificates, office actions, correspondence and other materials related to all Intellectual Property Registrations relating to the Business.</font></p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:7.69%;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="_9kMHG5YVt4BB8DCbNeu1x3KMKvqiZq6D9FWYW72"></a><a name="_9kR3WTr2AA6BBaLcszv1IKIto2069vSRD82FNUU"></a><a name="_9kR3WTr2996AAaLcszv1IKItogXo4B7DUWU50EC"></a><a name="_9kR3WTr2996BAZLcszv1IKItogXo4B7DUWU50EC"></a><a name="a767056"></a><a name="_Ref527623816"></a><a name="_Ref527481728"></a><a name="_9kMLK5YVt4CC7DDRM4wpxrjzI0sijFE58OWoRFE"></a><a name="_9kMH5M6ZWu5777AHQ8wvjstvB"></a><a name="_AEIOULastRenderedPageBreakAEIOU17"></a><a name="_9kMML5YVt4CC7DDRM4wpxrjzI0sijFE58OWoRFE"></a><a name="_9kR3WTr26678AVMx75ohkm"></a><a name="_9kR3WTr2667CARMx75ohkm"></a>(b)<font style="margin-left:36pt;"></font>Section 4.09(b)<a name="_Ref527481728"></a> of the Disclosure Schedules<a name="_9kMLK5YVt4CC7DDRM4wpxrjzI0sijFE58OWoRFE"></a> contains a correct, current and complete list of all Intellectual Property Agreements relating to the Business, that will not be assigned to Buyer and that Buyer will have to replace in order to operate the Business following the Closing and excluding those related to general purpose facilities, infrastructure, administration and the like that are not specific to the Business, specifying for each the date, title and parties thereto.<a name="_9kMH5M6ZWu5777AHQ8wvjstvB"></a>&nbsp;&nbsp;Seller has provided Buyer with true and complete copies (or in the case of any oral agreements, a complete and correct written description) </p>
<p style="text-align:center;margin-top:12pt;margin-bottom:12pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">13</p>
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<p style="margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="_9kMML5YVt4CC7DDRM4wpxrjzI0sijFE58OWoRFE"></a>of all such </font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Intellectual Property Agreements</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">relating to </font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">the Business</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">, including all modifications, amendments and supplements thereto and waivers thereunder.&nbsp;&nbsp;Each </font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">such </font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Intellectual Property Agreement </font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">relating to </font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">the Business </font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">is valid and binding on Seller in accordance with its terms and is in full force and effect.&nbsp;&nbsp;Neither Seller nor</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">,</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="_9kR3WTr26678AVMx75ohkm"></a><a name="_9kR3WTr2667CARMx75ohkm"></a>to Seller&#8217;s </font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Knowledge</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">, </font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">any other party thereto is, or is alleged to be, in breach of or default under, or has provided or received any notice of breach of, default under, or intention to terminate (including by non-renewal), any </font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">such </font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Intellectual Property Agreement</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">relating to</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> the Business</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">.</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </font></p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:7.69%;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="_9kR3WTr2996BEdLcszv1IKIuZWw4y5ACOE0CNH8"></a><a name="a710856"></a>(c)<font style="margin-left:36pt;"></font>Seller is the sole and exclusive legal and beneficial, and with respect to the Intellectual Property Registrations, record, owner of all right, title and interest in and to or has sufficient rights to use the Intellectual Property Assets relating to the Business, and has the valid and enforceable right to use all other Intellectual Property used or held for use in or necessary for the conduct of the Business as currently conducted.&nbsp;&nbsp;Seller has entered into binding, valid and enforceable written Contracts with each current and former employee and independent contractor who is or was involved in or has contributed to the invention, creation, or development of any Intellectual Property during the course of employment or engagement with Seller.&nbsp;&nbsp;</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:7.69%;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="a663507"></a><a name="_9kMJI5YVt4666AKdQ49wx"></a>(d)<font style="margin-left:36pt;"></font><a name="_9kMJI5YVt4666AKdQ49wx"></a>Neither the execution, delivery or performance of this Agreement, nor the consummation of the transactions contemplated hereunder, will result in the loss or impairment of or payment of any additional amounts with respect to, nor require the consent of any other Person in respect of, the Buyer&#8217;s right to own or use any Intellectual Property Assets relating to the Business or any Intellectual Property relating to the Business subject to any Intellectual Property Agreement.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:7.69%;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="a114507"></a>(e)<font style="margin-left:36pt;"></font>All Intellectual Property Registrations relating to the Business are subsisting and in full force and effect.&nbsp;&nbsp;Seller has taken commercially reasonable steps to maintain and protect the Intellectual Property Assets relating to the Business and to preserve the confidentiality of all Trade Secrets included in the Intellectual Property Assets.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:7.69%;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="_9kR3WTr2996BDcLcszv1IKIxdasozB1999M9FI4"></a><a name="a770099"></a><a name="_Ref_ContractCompanion_9kb9Ur3DK"></a><a name="_Ref_ContractCompanion_9kb9Ur453"></a><a name="_Ref_ContractCompanion_9kb9Ur455"></a>(f)<font style="margin-left:36pt;"></font>Seller has not received a notice (written or otherwise) that any of, the Intellectual Property Assets or the Intellectual Property licensed under the Intellectual Property Agreements (collectively, the &#8220;<font style="font-weight:bold;">Intellectual Property Rights</font>&#8221;) has expired, terminated or been abandoned, or is expected to expire or terminate or be abandoned, within two (2) years from the date of this Agreement.&nbsp;&nbsp;The Seller has not received a written notice of a claim nor, to the Knowledge of Seller, do the Intellectual Property Rights violate or infringe upon the rights of any Person.&nbsp;&nbsp;To the Knowledge of the Seller, all such Intellectual Property Rights are enforceable and there is no existing infringement by another Person of any of the Intellectual Property Rights.&nbsp;&nbsp;The Seller has taken reasonable security measures to protect the secrecy, confidentiality and value of all of the Intellectual Property Assets, except where failure to do so could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect.&nbsp;&nbsp;</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:7.69%;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="a778899"></a><a name="_9kMHG5YVt4889ACXOz97qjmo"></a><a name="_9kMHG5YVt4889ECTOz97qjmo"></a><a name="_AEIOULastRenderedPageBreakAEIOU18"></a>(g)<font style="margin-left:36pt;"></font>There are no Actions (including any opposition, cancellation, revocation, review, or other proceeding) settled, pending or <a name="_9kMHG5YVt4889ACXOz97qjmo"></a><a name="_9kMHG5YVt4889ECTOz97qjmo"></a>to Seller&#8217;s Knowledge threatened (including in the form of offers to obtain a license):&nbsp;&nbsp;(i) alleging any infringement, </p>
<p style="text-align:center;margin-top:12pt;margin-bottom:12pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">14</p>
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<p style="margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">misappropriation, or other violation of the Intellectual Property of any Person by Seller in the conduct of the Business; (ii) challenging the validity, enforceability, registrability, patentability, or ownership of any Intellectual Property Assets; or (iii) by Seller or any other Person alleging any infringement, misappropriation, or violation by any Person of any Intellectual Property Assets.&nbsp;&nbsp;Seller is not aware of any</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> specific</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> facts or circumstances that </font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">w</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">ould reasonably be expected to give rise to any such Action.&nbsp;&nbsp;</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">To Seller&#8217;s Knowledge, </font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Seller is not subject to any outstanding or prospective Governmental Order (including any motion or petition therefor) that does or could reasonably be expected to restrict or impair the use of any Intellectual Property Assets</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">relating to </font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">the Business</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">.</font></p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:7.69%;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(h)<font style="margin-left:36pt;"></font>Subject to the exclusions set forth in Sections 7.02(c)(A) and (B), the Buyer&#8217;s use of the Operator Technology Assets (as defined in the License Agreement) as licensed pursuant to the License Agreement, does not and shall not violate any third party&#8217;s Intellectual Property rights whether such violation arises before, on or after the Closing Date.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:7.69%;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(i)<font style="margin-left:36pt;"></font>For the avoidance of doubt, Seller does not make any of the foregoing representations or warranties with respect to the patents licensed under the Kajeet Settlement.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;color:#000000;font-family:Times New Roman Bold;font-weight:bold;font-size:12pt;font-style:normal;text-transform:none;font-variant: normal;"><a name="_Toc26528181"></a><a name="_Toc28857566"></a><a name="_Toc30098425"></a><a name="_Toc31109071"></a><a name="_Toc31892917"></a><a name="a385939"></a>Section 4.10<font style="margin-left:36pt;"></font><font style="font-family:Times New Roman;color:#000000;">Customers and Suppliers</font></p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:7.69%;text-indent:7.69%;color:#auto;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="_9kMIH5YVt4BB7DMkNeu1x3KMLvZYp5C8EVXW66C"></a><a name="_9kR3WTr2AA6BGfLcszv1IKJttz58uRQC71EMTTE"></a><a name="_9kR3WTr2995BKiLcszv1IKJtXWn3A6CTVU44AGJ"></a><a name="a385577"></a><a name="_Ref527481750"></a><font style="text-decoration:none;">(a)</font><font style="text-decoration:none;margin-left:36pt;"></font><font style="color:#000000;">Section 4.10(a)<a name="_Ref527481750"></a> of the Disclosure Schedules separately sets forth with respect to the Business (i) all customers of the Business in each of the two (2) most recent fiscal years (collectively, the &#8220;</font><font style="font-weight:bold;color:#000000;">Material Customers</font><font style="color:#000000;">&#8221;); and (ii) the amount of accrued revenue recognized from each Material Customer during such periods.&nbsp;&nbsp;Seller has not received any notice, and has no reason to believe, that any of the Material Customers has ceased, or intends to cease after the Closing, to use the goods or services of the Business or to otherwise terminate or materially reduce its relationship with the Business.</font></p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:7.69%;text-indent:7.69%;color:#auto;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="_9kMIH5YVt4BB7EFcNeu1x3KMLwaYp5C8EVXW77C"></a><a name="_9kR3WTr2AA6BHgLcszv1IKJuuz58uRQC71EMTTE"></a><a name="_9kR3WTr2995CDaLcszv1IKJuYWn3A6CTVU55AGJ"></a><a name="a945739"></a><a name="_Ref527481767"></a><font style="text-decoration:none;">(b)</font><font style="text-decoration:none;margin-left:36pt;"></font><font style="color:#000000;">Section 4.10(b)<a name="_Ref527481767"></a> of the Disclosure Schedules separately sets forth with respect to the Business (i) the top five (5) suppliers in aggregate consideration paid by Seller for each of the two (2) most recent fiscal years (collectively, the &#8220;</font><font style="font-weight:bold;color:#000000;">Material Suppliers</font><font style="color:#000000;">&#8221;); and (ii) the amount of purchases from each Material Supplier during such periods.&nbsp;&nbsp;Seller has not received any notice, and has no reason to believe, that any of the Material Suppliers has ceased, or intends to cease, to supply goods or services to the Business or to otherwise terminate or materially reduce its relationship with the Business.</font></p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;color:#000000;font-family:Times New Roman Bold;font-weight:bold;font-size:12pt;font-style:normal;text-transform:none;font-variant: normal;"><a name="_Ref527480755"></a><a name="_Toc26528182"></a><a name="_Toc28857567"></a><a name="_Toc30098426"></a><a name="_Toc31109072"></a><a name="_Toc31892918"></a><a name="_9kR3WTr2995AJiLcszv1IKKcUBJJ0x0s"></a><a name="a1018114"></a>Section 4.11<font style="margin-left:36pt;"></font><font style="font-family:Times New Roman;color:#000000;">Insurance</font></p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">.&nbsp;&nbsp;There are no claims related to the Business, the Business Assets or the Assumed Liabilities pending under any insurance policies maintained by Seller or its Affiliates (collectively, the &#8220;<font style="font-weight:bold;">Insurance Policies</font>&#8221;) as to which coverage has been questioned, denied or disputed or in respect of which there is an outstanding reservation of rights.</p>
<p style="text-align:center;margin-top:12pt;margin-bottom:12pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">15</a></p>
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<p style="margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;color:#000000;font-family:Times New Roman Bold;font-weight:bold;font-size:12pt;font-style:normal;text-transform:none;font-variant: normal;"><a name="_Toc26528183"></a><a name="_Toc28857568"></a><a name="_Toc30098427"></a><a name="_Toc31109073"></a><a name="_Toc31892919"></a><a name="a274466"></a><a name="_AEIOULastRenderedPageBreakAEIOU19"></a><font style="color:#000000;font-family:Times New Roman Bold;font-weight:bold;font-size:12pt;font-style:normal;text-transform:none;font-variant: normal;">Section 4.12</font><font style="margin-left:36pt;"></font><font style="font-family:Times New Roman;color:#000000;">Legal Proceedings; Governmental Orders</font></p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:7.69%;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="_9kR3WTr2996BIhLcszv1IKLvJb6o2I44NACEANT"></a><a name="a911860"></a><a name="_9kMHG5YVt4BB8DKjNeu1x3KMNxLd8q4K66PCEGC"></a><a name="_9kR3WTr2AA6BJiLcszv1IKLvtz58uRQC71EMTTE"></a><a name="_9kMHG5YVt48868BVOz97qjmo"></a>(a)<font style="margin-left:36pt;"></font><a name="_9kMHG5YVt4BB8DKjNeu1x3KMNxLd8q4K66PCEGC"></a><a name="_9kR3WTr2AA6BJiLcszv1IKLvtz58uRQC71EMTTE"></a>Except as set forth in Section 4.12(a) of the Disclosure Schedules, there are no Actions pending or, to Seller&#8217;<a name="_9kMHG5YVt48868BVOz97qjmo"></a>s Knowledge, threatened against or by Seller (a)&#160;relating to or affecting the Business, the Business Assets or the Assumed Liabilities; or (b) that challenge or seek to prevent, enjoin or otherwise delay the transactions contemplated by this Agreement.&nbsp;&nbsp;To Seller&#8217;s Knowledge, no event has occurred or circumstances exists that may give rise to, or serve as a basis for, any such Action.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:7.69%;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="a683508"></a>(b)<font style="margin-left:36pt;"></font>There are no outstanding Governmental Orders and no unsatisfied judgments, penalties or awards against, relating to or affecting the Business.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;color:#000000;font-family:Times New Roman Bold;font-weight:bold;font-size:12pt;font-style:normal;text-transform:none;font-variant: normal;"><a name="_Toc26528184"></a><a name="_Toc28857569"></a><a name="_Toc30098428"></a><a name="_Toc31109074"></a><a name="_Toc31892920"></a><a name="a277057"></a>Section 4.13<font style="margin-left:36pt;"></font><font style="font-family:Times New Roman;color:#000000;">Compliance with Laws</font></p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:7.69%;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="a168213"></a>(a)<font style="margin-left:36pt;"></font>Seller has complied, and is now complying, with all Laws applicable to the conduct of the Business as currently conducted or the ownership and use of the Business Assets, except any non-compliance which would not result in a material Loss.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;color:#000000;font-family:Times New Roman Bold;font-weight:bold;font-size:12pt;font-style:normal;text-transform:none;font-variant: normal;"><a name="_Ref527483284"></a><a name="_Toc26528185"></a><a name="_Toc28857570"></a><a name="_Toc30098429"></a><a name="_Toc31109075"></a><a name="_Toc31892921"></a><a name="_9kR3WTr2996EKgLcszv1ILISRB5w4J"></a><a name="a849804"></a>Section 4.14<font style="margin-left:36pt;"></font><font style="font-family:Times New Roman;color:#000000;">Brokers</font></p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="_9kMH3K6ZWu5DD7FJNFokuyovKhSy5G13J"></a>.&nbsp;&nbsp;Except as set forth in Section 4.14 of the Disclosure Schedules, no broker, finder or investment banker is entitled to any brokerage, finder&#8217;<a name="_9kMH3K6ZWu5DD7FJNFokuyovKhSy5G13J"></a>s or other fee or commission in connection with the transactions contemplated by this Agreement or any Ancillary Document based upon arrangements made by or on behalf of Seller.</p>
<p style="text-align:center;margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-family:Times New Roman Bold;text-transform:uppercase;font-size:12pt;font-style:normal;font-variant: normal;"><a name="a853849"></a><a name="_9kR3WTr2996DDIG6yimpaI21F5784K89IEKPD9D"></a><a name="_Ref527487424"></a><a name="_Toc26528187"></a><a name="_Toc28857571"></a><a name="_Toc30098430"></a><a name="_Toc31109076"></a><a name="_Toc31892922"></a>Article V<br /><a name="_Ref527487424"></a><a name="_Toc26528187"></a><a name="_Toc28857571"></a><a name="_Toc30098430"></a><a name="_Toc31109076"></a><a name="_Toc31892922"></a>Representations and Warranties of Buyer</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="a000010"></a><a name="_9kMHG5YVt4BB8FFKI80korcK43H79A6MABKGMRF"></a><a name="_9kMHG5YVt4BB8FFKI80korcK43H79A6MABKGMRF"></a>Buyer represents and warrants to Seller that the statements contained in this Article V are true and correct as of the date hereof.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;color:#000000;font-family:Times New Roman Bold;font-weight:bold;font-size:12pt;font-style:normal;text-transform:none;font-variant: normal;"><a name="_Ref527483290"></a><a name="_Toc26528188"></a><a name="_Toc28857572"></a><a name="_Toc30098431"></a><a name="_Toc31109077"></a><a name="_Toc31892923"></a><a name="_9kR3WTr2996ELhLcszv1JKHge3nv4HA5EAGHAYi"></a><a name="a804487"></a>Section 5.01<font style="margin-left:36pt;"></font><font style="font-family:Times New Roman;color:#000000;">Organization of Buyer</font></p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="_9kMKJ5YVt4669BDOMAzvsyD"></a><a name="_9kMKJ5YVt4669FDKMAzvsyD"></a>.&nbsp;&nbsp;Buyer is a corporation duly organized, validly existing and in good standing under the Laws of the State of Delaware<a name="_9kMKJ5YVt4669BDOMAzvsyD"></a><a name="_9kMKJ5YVt4669FDKMAzvsyD"></a>, and has the corporate power and authority to own, lease and operate its assets and properties and to carry on its business as now being and as heretofore conducted.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;color:#000000;font-family:Times New Roman Bold;font-weight:bold;font-size:12pt;font-style:normal;text-transform:none;font-variant: normal;"><a name="_Ref527483295"></a><a name="_Toc26528189"></a><a name="_Toc28857573"></a><a name="_Toc30098432"></a><a name="_Toc31109078"></a><a name="_Toc31892924"></a><a name="_9kR3WTr2996EMiLcszv1JKITTJ73E9CTP7VfZKE"></a><a name="a985535"></a>Section 5.02<font style="margin-left:36pt;"></font><font style="font-family:Times New Roman;color:#000000;">Authority of Buyer</font></p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="_9kMH4L6ZWu5DD7FJNFokuyovKhSy5G13J"></a><a name="_9kMH5M6ZWu5DD7FJNFokuyovKhSy5G13J"></a><a name="_9kMPO5YVt4666ACK3t0w2"></a><a name="_9kMH6N6ZWu5DD7FJNFokuyovKhSy5G13J"></a><a name="_9kMH7O6ZWu5DD7FJNFokuyovKhSy5G13J"></a>.<a name="_9kMH4L6ZWu5DD7FJNFokuyovKhSy5G13J"></a>&nbsp;&nbsp;Buyer has full corporate power and authority to enter into this Agreement and the Ancillary Documents<a name="_9kMH5M6ZWu5DD7FJNFokuyovKhSy5G13J"></a> to which Buyer is a party, to carry out its obligations hereunder and thereunder and to consummate the transactions contemplated hereby and thereby.&nbsp;&nbsp;The execution and delivery by Buyer of this Agreement and any Ancillary Document<a name="_9kMPO5YVt4666ACK3t0w2"></a> to which Buyer is a party, the performance by Buyer of its obligations hereunder and thereunder and the consummation by Buyer of the transactions contemplated hereby and thereby have been duly authorized by all requisite corporate action<a name="_9kMH6N6ZWu5DD7FJNFokuyovKhSy5G13J"></a> on the part of Buyer.&nbsp;&nbsp;This Agreement has been duly executed and delivered by Buyer, and (assuming due authorization, execution and delivery by Seller) this Agreement constitutes a legal, valid and binding obligation of Buyer enforceable against Buyer in accordance with its terms.&nbsp;&nbsp;When each Ancillary Document<a name="_9kMH7O6ZWu5DD7FJNFokuyovKhSy5G13J"></a> to which Buyer is or will be a party has been duly executed and delivered by Buyer (assuming due authorization, execution and delivery by each other party thereto), such Ancillary Document will constitute a legal and binding obligation of Buyer enforceable against it in accordance with its terms.</p>
<p style="text-align:center;margin-top:12pt;margin-bottom:12pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">16</a></p>
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<p style="margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;color:#000000;font-family:Times New Roman Bold;font-weight:bold;font-size:12pt;font-style:normal;text-transform:none;font-variant: normal;"><a name="_Ref527481463"></a><a name="_Toc26528190"></a><a name="_Toc28857574"></a><a name="_Toc30098433"></a><a name="_Toc31109079"></a><a name="_Toc31892925"></a><a name="_9kR3WTr29968FhLcszv1JKJhaWR9104w8PjaINF"></a><a name="a686993"></a><a name="_AEIOULastRenderedPageBreakAEIOU20"></a><font style="color:#000000;font-family:Times New Roman Bold;font-weight:bold;font-size:12pt;font-style:normal;text-transform:none;font-variant: normal;">Section 5.03</font><font style="margin-left:36pt;"></font><font style="font-family:Times New Roman;color:#000000;">No Conflicts; Consents</font></p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="_9kMH8P6ZWu5DD7FJNFokuyovKhSy5G13J"></a><a name="_9kMML5YVt46669IcCu"></a><a name="_9kMHzG6ZWu5777BDL4u1x3"></a><a name="_9kR3WTr2AA6DEYIr64078skzwtIiTBHM4qA"></a><a name="_9kMI0G6ZWu5DD7FJNFokuyovKhSy5G13J"></a>.<a name="_9kMH8P6ZWu5DD7FJNFokuyovKhSy5G13J"></a>&nbsp;&nbsp;The execution, delivery and performance by Buyer of this Agreement and the Ancillary Documents<a name="_9kMML5YVt46669IcCu"></a> to which it is a party, and the consummation of the transactions contemplated hereby and thereby, do not and will not:&nbsp;&nbsp;(a) conflict with or result in a violation or breach of, or default under, any provision of the certificate of incorporation, by-laws or other organizational documents of Buyer; (b) conflict with or result in a violation or breach of any provision of any Law or Governmental Order applicable to Buyer; or (c) <a name="_9kMHzG6ZWu5777BDL4u1x3"></a>require the consent, notice or other action<a name="_9kR3WTr2AA6DEYIr64078skzwtIiTBHM4qA"></a> by any Person under any Contract<a name="_9kMI0G6ZWu5DD7FJNFokuyovKhSy5G13J"></a> to which Buyer is a party.&nbsp;&nbsp;No consent, approval, Permit, Governmental Order, declaration or filing with, or notice to, any Governmental Authority is required by or with respect to Buyer in connection with the execution and delivery of this Agreement and the Ancillary Documents and the consummation of the transactions contemplated hereby and thereby.</p>
<p style="text-align:center;margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-family:Times New Roman Bold;text-transform:uppercase;font-size:12pt;font-style:normal;font-variant: normal;"><a name="a903210"></a><a name="_Toc26528191"></a><a name="_Toc28857575"></a><a name="_Toc30098434"></a><a name="_Toc31109080"></a><a name="_Toc31892926"></a>Article VI<br /><a name="_Toc26528191"></a><a name="_Toc28857575"></a><a name="_Toc30098434"></a><a name="_Toc31109080"></a><a name="_Toc31892926"></a>Covenants</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;color:#000000;font-family:Times New Roman Bold;font-weight:bold;font-size:12pt;font-style:normal;text-transform:none;font-variant: normal;"><a name="_Ref527484465"></a><a name="_Toc26528192"></a><a name="_Toc28857576"></a><a name="_Toc30098435"></a><a name="_Toc31109081"></a><a name="_Toc31892927"></a><a name="_9kR3WTr2996FNiLcszv1KLIVP7zvur2IEw09IZ"></a><a name="a272509"></a>Section 6.01<font style="margin-left:36pt;"></font><font style="font-family:Times New Roman;color:#000000;">Confidentiality</font></p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">.&nbsp;&nbsp;From and after the Closing, Seller shall, and shall cause its Affiliates to, hold, and shall use its reasonable best efforts to cause its or their respective Representatives to hold, in confidence any and all information, whether written or oral, concerning the Business, except to the extent that Seller can show that such information (a) is generally available to and known by the public through no fault of Seller, any of its Affiliates or their respective Representatives; or (b) is lawfully acquired by Seller, any of its Affiliates or their respective Representatives from and after the Closing from sources which are not prohibited from disclosing such information by a legal, contractual or fiduciary obligation.&nbsp;&nbsp;If Seller or any of its Affiliates or their respective Representatives are compelled to disclose any information by judicial or administrative process or by other requirements of Law, Seller shall promptly notify Buyer in writing and shall disclose only that portion of such information which Seller is advised by its counsel in writing is legally required to be disclosed, <font style="font-style:italic;">provided that</font> Seller shall use reasonable best efforts to obtain, at Buyer&#8217;s expense, an appropriate protective order or other reasonable assurance that confidential treatment will be accorded such information.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;color:#000000;font-family:Times New Roman Bold;font-weight:bold;font-size:12pt;font-style:normal;text-transform:none;font-variant: normal;"><a name="_Ref527482579"></a><a name="_Toc26528193"></a><a name="_Toc28857577"></a><a name="_Toc30098436"></a><a name="_Toc31109082"></a><a name="_Toc31892928"></a><a name="a902339"></a><a name="_9kR3WTr2996DLiLcszv1KLJha7WS9B49EFGCI"></a><a name="_Ref_ContractCompanion_9kb9Ur466"></a>Section 6.02<font style="margin-left:36pt;"></font><font style="font-family:Times New Roman;color:#000000;">Non-Competition</font></p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:7.69%;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="_9kR3WTr2995DGcLcszv1KLJuKTCzy36B95691BR"></a><a name="a802162"></a><a name="_9kMIH5YVt4666BDZKt2u2D"></a><a name="_9kMH8P6ZWu5777BCLNB0wtzE"></a><a name="_AEIOULastRenderedPageBreakAEIOU21"></a>(a)<font style="margin-left:36pt;"></font>For a period of five (5) years commencing on the Closing Date  (the &#8220;<font style="font-weight:bold;">Restricted Period</font>&#8221;<a name="_9kMIH5YVt4666BDZKt2u2D"></a>), Seller shall not, and shall not permit any of its Subsidiaries, to, directly or indirectly, (i) engage in or assist others in engaging in the Business in the Territory; (ii) have an ownership  interest in any Person that engages directly or indirectly in the Business in the Territory in any capacity, including as a partner, shareholder, member, principal, agent, trustee or consultant<a name="_9kMH8P6ZWu5777BCLNB0wtzE"></a>; or (iii) cause, induce or encourage any material actual or prospective client, customer, supplier or licensor of the Business (including any existing or former client or customer of Seller and any Person that becomes a client or customer of the Business after the Closing), or any other Person who has a material business relationship with the Business, to terminate or modify any such actual or prospective relationship, provided, however that each of the foregoing restrictions shall terminate immediately upon Seller&#8217;s exercise of the Circle License Expansion Option (as defined in the License Agreement).&nbsp;&nbsp;Notwithstanding the foregoing, Seller may own, directly or indirectly, solely as an investment, securities of any Person traded on any national securities exchange if Seller is not a controlling Person of, or a member of a group </p>
<p style="text-align:center;margin-top:12pt;margin-bottom:12pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">17</p>
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<p style="margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">which controls, such Person and does not, directly or indirectly, own five percent (5%) or more of any class of securities of such Person.</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">For the avoidance of doubt, </font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">the parties acknowledge and agree that </font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">the </font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">covenants</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> contained in this </font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Section 6.02</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> shall not be binding on any Seller successor</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> which was not an Affiliate prior to its becoming a successor</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">,</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">except with respect to such successor&#8217;s use of the Operator</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> Technology</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Assets </font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(other than </font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">know-how and </font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">the </font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">items set forth in Section 1.14(i) </font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">of the definition of </font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Intangibles) </font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(as </font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">both terms are </font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">defined in the License Agreement)</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">that is not expressly permitted by the License Agreement</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">.</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;</font></p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:7.69%;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="a1026240"></a><a name="_9kMHG5YVt4BB8FNkNeu1x3MNLjc9YUBD6BGHIEK"></a>(b)<font style="margin-left:36pt;"></font><a name="_9kMHG5YVt4BB8FNkNeu1x3MNLjc9YUBD6BGHIEK"></a>Seller acknowledges that a breach or threatened breach of this Section 6.02 could give rise to irreparable harm to Buyer, for which monetary damages would not be an adequate remedy, and hereby agrees that in the event of a breach or a threatened breach by Seller of any such obligations, Buyer shall, in addition to any and all other rights and remedies that may be available to it in respect of such breach, be entitled to seek equitable relief, including a temporary restraining order, an injunction, specific performance and any other relief that may be available from a court of competent jurisdiction (without any requirement to post bond).</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:7.69%;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="_9kR3WTr2996GNhLcszv1KLJwZWw4y52ozBGQO70"></a><a name="a716482"></a><a name="_9kMIH5YVt4BB8FNkNeu1x3MNLjc9YUBD6BGHIEK"></a><a name="_9kMJI5YVt4BB8FNkNeu1x3MNLjc9YUBD6BGHIEK"></a><a name="_9kMKJ5YVt4BB8FNkNeu1x3MNLjc9YUBD6BGHIEK"></a>(c)<font style="margin-left:36pt;"></font><a name="_9kMIH5YVt4BB8FNkNeu1x3MNLjc9YUBD6BGHIEK"></a>Seller acknowledges that the restrictions contained in this Section 6.02 are reasonable and necessary to protect the legitimate interests of Buyer and constitute a material inducement to Buyer to enter into this Agreement and consummate the transactions contemplated by this Agreement.<a name="_9kMJI5YVt4BB8FNkNeu1x3MNLjc9YUBD6BGHIEK"></a>&nbsp;&nbsp;In the event that any covenant contained in this Section 6.02<a name="_9kMKJ5YVt4BB8FNkNeu1x3MNLjc9YUBD6BGHIEK"></a> should ever be adjudicated to exceed the time, geographic, product or service or other limitations permitted by applicable Law in any jurisdiction, then any court is expressly empowered to reform such covenant, and such covenant shall be deemed reformed, in such jurisdiction to the maximum time, geographic, product or service or other limitations permitted by applicable Law.&nbsp;&nbsp;The covenants contained in this Section 6.02 and each provision hereof are severable and distinct covenants and provisions.&nbsp;&nbsp;The invalidity or unenforceability of any such covenant or provision as written shall not invalidate or render unenforceable the remaining covenants or provisions hereof, and any such invalidity or unenforceability in any jurisdiction shall not invalidate or render unenforceable such covenant or provision in any other jurisdiction.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:7.69%;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(d)<font style="margin-left:36pt;"></font>Notwithstanding the above, the restrictions set forth in this Section 6.02 shall not restrict the Seller or successor from taking any of the actions specified in Section 2.4.1 of the License Agreement.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;color:#000000;font-family:Times New Roman Bold;font-weight:bold;font-size:12pt;font-style:normal;text-transform:none;font-variant: normal;"><a name="_Ref527482623"></a><a name="_Toc26528194"></a><a name="_Toc28857578"></a><a name="_Toc30098437"></a><a name="_Toc31109083"></a><a name="_Toc31892929"></a><a name="a127519"></a><a name="_9kR3WTr2996EDZLcszv1KLKWO85A1x1gcu5LBD"></a>Section 6.03<font style="margin-left:36pt;"></font><font style="font-family:Times New Roman;color:#000000;">Books and Records</font></p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:7.69%;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="a249059"></a>(a)<font style="margin-left:36pt;"></font>In order to facilitate the resolution of any claims made against or incurred by Seller prior to the Closing, or for any other reasonable purpose, for a period of three (3) years after the Closing, Buyer shall:</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:15.38%;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="a618860"></a>(i)<font style="margin-left:36pt;"></font>retain the Books and Records (including personnel files) relating to periods prior to the Closing in a manner reasonably consistent with the prior practices of Seller; and</p>
<p style="text-align:center;margin-top:12pt;margin-bottom:12pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">18</a></p>
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<p style="margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:15.38%;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="a775034"></a><a name="_AEIOULastRenderedPageBreakAEIOU22"></a><a name="_9kMI0G6ZWu5777BCLNB0wtzE"></a><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(ii)</font><font style="margin-left:36pt;"></font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">upon reasonable notice, afford the Seller</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#8217;</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">s Representatives reasonable access (including the right to make, at Seller</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#8217;</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="_9kMI0G6ZWu5777BCLNB0wtzE"></a>s expense, photocopies), during normal </font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">business</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> hours, to such Books and Records.</font></p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:7.69%;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="a572089"></a>(b)<font style="margin-left:36pt;"></font>In order to facilitate the resolution of any claims made by or against or incurred by Buyer after the Closing, or for any other reasonable purpose, for a period of three (3) years following the Closing, Seller shall:</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:15.38%;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="a180926"></a><a name="_9kMIH5YVt4666AJSG0x2tptYUmxD35"></a>(i)<font style="margin-left:36pt;"></font><a name="_9kMIH5YVt4666AJSG0x2tptYUmxD35"></a>retain the books and records (including personnel files) of Seller which relate to the Business and its operations for periods prior to the Closing; and</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:15.38%;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="a88839"></a><a name="_9kMI1H6ZWu5777BCLNB0wtzE"></a><a name="_9kMJI5YVt4666AJSG0x2tptYUmxD35"></a>(ii)<font style="margin-left:36pt;"></font>upon reasonable notice, afford the Buyer&#8217;s Representatives reasonable access (including the right to make, at Buyer&#8217;<a name="_9kMI1H6ZWu5777BCLNB0wtzE"></a>s expense, photocopies), during normal business<a name="_9kMJI5YVt4666AJSG0x2tptYUmxD35"></a> hours, to such books and records.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:7.69%;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="a99520"></a><a name="_9kMHG5YVt4BB8GFbNeu1x3MNMYQA7C3z3iew7ND"></a>(c)<font style="margin-left:36pt;"></font><a name="_9kMHG5YVt4BB8GFbNeu1x3MNMYQA7C3z3iew7ND"></a>Neither Buyer nor Seller shall be obligated to provide the other party with access to any books or records (including personnel files) pursuant to this Section 6.03 where such access would violate any Law.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;color:#000000;font-family:Times New Roman Bold;font-weight:bold;font-size:12pt;font-style:normal;text-transform:none;font-variant: normal;"><a name="_Toc26528195"></a><a name="_Toc28857579"></a><a name="_Toc30098438"></a><a name="_Toc31109084"></a><a name="_Toc31892930"></a><a name="a661201"></a>Section 6.04<font style="margin-left:36pt;"></font><font style="font-family:Times New Roman;color:#000000;">Bulk Sales Laws</font></p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">.&nbsp;&nbsp;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 Purchased Assets to Buyer; it being understood that any Liabilities arising out of the failure of Seller to comply with the requirements and provisions of any bulk sales, bulk transfer or similar Laws of any jurisdiction which would not otherwise constitute Assumed Liabilities shall be treated as Excluded Liabilities.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;color:#000000;font-family:Times New Roman Bold;font-weight:bold;font-size:12pt;font-style:normal;text-transform:none;font-variant: normal;"><a name="_Toc26528196"></a><a name="_Toc28857580"></a><a name="_Toc30098439"></a><a name="_Toc31109085"></a><a name="_Toc31892931"></a><a name="a679544"></a>Section 6.05<font style="margin-left:36pt;"></font><font style="font-family:Times New Roman;color:#000000;">Receivables</font></p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">.&nbsp;&nbsp;From and after the Closing, if Seller or any of its Affiliates receives or collects any funds from performance after Closing of the Assigned Contracts, Seller or its Affiliate shall remit such funds to Buyer within five (5) Business Days after its receipt thereof.&nbsp;&nbsp;From and after the Closing, if Buyer or its Affiliate receives or collects any funds from performance before Closing of the Assigned Contracts, Buyer or its Affiliate shall remit any such funds to Seller within five (5) Business Days after its receipt thereof.&nbsp;&nbsp;</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;color:#000000;font-family:Times New Roman Bold;font-weight:bold;font-size:12pt;font-style:normal;text-transform:none;font-variant: normal;"><a name="_Ref527481180"></a><a name="_Toc26528197"></a><a name="_Toc28857581"></a><a name="_Toc30098440"></a><a name="_Toc31109086"></a><a name="_Toc31892932"></a><a name="_9kR3WTr2995FOiLcszv1KLNrjxuD6t6waBGC"></a><a name="a562531"></a>Section 6.06<font style="margin-left:36pt;"></font><font style="font-family:Times New Roman;color:#000000;">Transfer Taxes</font></p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="_9kMI2I6ZWu5DD7FJNFokuyovKhSy5G13J"></a>.<a name="_9kMI2I6ZWu5DD7FJNFokuyovKhSy5G13J"></a>&nbsp;&nbsp;All transfer, documentary, sales, use, stamp, registration, value added and other such Taxes and fees (including any penalties and interest) incurred in connection with this Agreement and the Ancillary Documents (including any real property transfer Tax and any other similar Tax) shall be borne and paid by Buyer when due.&nbsp;&nbsp;</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;color:#000000;font-family:Times New Roman Bold;font-weight:bold;font-size:12pt;font-style:normal;text-transform:none;font-variant: normal;"><a name="_Toc26528199"></a><a name="_Toc28857582"></a><a name="_Toc30098441"></a><a name="_Toc31109087"></a><a name="_Toc31892933"></a><a name="a165696"></a>Section 6.07<font style="margin-left:36pt;"></font><font style="font-family:Times New Roman;color:#000000;">Further Assurances</font></p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="_9kMH0H6ZWu5777BDL4u1x3"></a><a name="_9kMI3J6ZWu5DD7FJNFokuyovKhSy5G13J"></a><a name="_9kMH0H6ZWu5777BDL4u1x3"></a>.&nbsp;&nbsp;Following the Closing, each of the parties hereto shall, and shall cause their respective Affiliates to, execute and deliver such additional documents, instruments, conveyances and assurances and take such further actions<a name="_9kMI3J6ZWu5DD7FJNFokuyovKhSy5G13J"></a> as may be reasonably required to carry out the provisions hereof and give effect to the transactions contemplated by this Agreement and the Ancillary Documents.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;color:#000000;font-family:Times New Roman Bold;font-weight:bold;font-size:12pt;font-style:normal;text-transform:none;font-variant: normal;"><a name="_Ref531185559"></a><a name="_Ref531185943"></a><a name="_Toc26528200"></a><a name="_Toc28857583"></a><a name="_Toc30098442"></a><a name="_Toc31109088"></a><a name="_Toc31892934"></a><a name="_Ref_ContractCompanion_9kb9Ur45B"></a><a name="_Ref_ContractCompanion_9kb9Ur464"></a>Section 6.08<font style="margin-left:36pt;"></font><font style="font-family:Times New Roman;color:#000000;">Post-Closing Audit</font></p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="_AEIOULastRenderedPageBreakAEIOU23"></a>.&nbsp;&nbsp;Buyer may be required to prepare, or cause to be prepared, at Buyer&#8217;s sole cost and expense, certain balance sheets, statements of income, cash flows and stockholders&#8217; equity for the Business in accordance with GAAP and the applicable sections of the SEC Division of Corporate Finance&#8217;s Financial Reporting Manual, as required by Regulation S-</p>
<p style="text-align:center;margin-top:12pt;margin-bottom:12pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">19</p>
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<p style="margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">X for the following periods</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> (or any other such periods as may be required thereby)</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">, and together with all </font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">footnotes</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> required by GAAP, as of and for (A) each of the years ended </font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">2018</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">and </font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">2019</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">, which shall be audited by </font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">a registered accounting firm selected by Buyer (the &#8220;</font><font style="font-weight:bold;">Audit Firm</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#8221;) </font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">and (B) </font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">any </font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">partial </font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">yearly </font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">period </font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">required by such SEC rules until the Closing Date</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">, which shall </font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">not </font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">be </font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">required to be </font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">audited by</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> the Audit Firm</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">, which financial statements shall be prepared in a manner meeting the </font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">requirements</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> of GAAP</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">.&nbsp;&nbsp;Seller </font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">acknowledges and consents to the foregoing and to Audit Firm&#8217;s delivery of the financial statements</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> referenced in this </font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Section 6.08</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> to Buyer and </font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">agrees to, at Buyer&#8217;s sole cost and expense</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> for any incremental out-of-pocket costs, reasonably</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> promptly provide any necessary information post-Closing in cooperation with Buyer and </font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">the Audit Firm</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> to </font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">assist </font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> the Audit Firm</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> in the completion of an audit of the financial statements and, including executing such management and other </font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">representation</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> letters as shall be </font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">requested</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> by</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> the Audit Firm</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">, so that </font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">the Audit Firm</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> is able to complete its audit of the financial statements. </font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Seller shall also </font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">cooperate with Buyer </font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">by providing information in its possession </font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">to </font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">the Audit Firm</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> to </font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">facilitate its ability to </font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">deliver one or more customary &#8220;comfort letters&#8221; as reasonably requested by Buyer.&nbsp;&nbsp;</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Seller shall cooperate and provide information promptly upon request in order to facilitate </font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">the Audit Firm</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> being able to deliver t</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">he financial statements </font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">described in </font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">this </font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Section 6.08</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> on or prior to sixty (60) days following the Closing.&nbsp;&nbsp;</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">In addition to the foregoing, Seller agrees to, at Buyer&#8217;s sole cost and expense, take</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> any</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> additional actions </font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">necessary</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> post-Closing</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> in cooperation with Buyer and </font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">the Audit Firm</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> to</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> allow Buyer to comply with its reporting obligations under Regulation S-X in connection with its purchase of the Business.</font></p>
<p style="text-align:center;margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-family:Times New Roman Bold;text-transform:uppercase;font-size:12pt;font-style:normal;font-variant: normal;"><a name="a394049"></a><a name="_Ref527456951"></a><a name="_9kR3WTr29967CNG6yimpa9xy40s2C9231uCLHN"></a><a name="_Ref_ContractCompanion_9kb9Ur459"></a><a name="_Toc31109089"></a><a name="_Toc31892935"></a>Article VII<br /><a name="_Toc31109089"></a><a name="_Toc31892935"></a>INDEMNIFICATION</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;color:#000000;font-family:Times New Roman Bold;font-weight:bold;font-size:12pt;font-style:normal;text-transform:none;font-variant: normal;"><a name="_Toc26528202"></a><a name="_Toc30098444"></a><a name="_Toc28857585"></a><a name="_Toc31109090"></a><a name="_Toc31892936"></a><a name="a482091"></a><a name="a841210"></a>Section 7.01<font style="margin-left:36pt;"></font><font style="font-family:Times New Roman;color:#000000;">Survival</font></p>
<p style="text-align:left;margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="_9kMLK5YVt4669BGmNp7ro84q1"></a><a name="_9kMLK5YVt4669FGiNp7ro84q1"></a><a name="_9kMML5YVt4669BGmNp7ro84q1"></a><a name="_9kMML5YVt4669FGiNp7ro84q1"></a><a name="_9kMIH5YVt4BB8BCdNeu1x3KLJig5px6JC7GCI56"></a><a name="_9kMHG5YVt4BB8GLhNeu1x3KLKVVL95GBEVR9oi8"></a><a name="_9kMHG5YVt4BB8GMiNeu1x3KNKUTD7y6L"></a><a name="_9kMHG5YVt4BB8GNjNeu1x3LMJig5px6JC7GCIJC"></a><a name="_9kMHG5YVt4BB8GOkNeu1x3LMKVVL95GBEVR9Xhb"></a><a name="_9kMHG5YVt4BB8HGbNeu1x3LMMYTD7y6L"></a><a name="_9kMIH5YVt4BB8CGgNeu1x3KMKcWE6z71t9SA2st"></a><a name="_9kMHG5YVt4BB8HJeNeu1x3KMQeR999NEvTO7816"></a><a name="_9kMI8O6ZWu5777AHQ8wvjstvB"></a><a name="_9kMNM5YVt4669BGmNp7ro84q1"></a><a name="_9kMNM5YVt4669FGiNp7ro84q1"></a><a name="_9kMLK5YVt4669BGmNp7ro84q1"></a><a name="_9kMLK5YVt4669FGiNp7ro84q1"></a>.&nbsp;&nbsp;Subject to the limitations and other provisions of this Agreement, the representations and warranties of Seller contained herein, in the License Agreement and each of the other Ancillary Documents shall survive the Closing and shall remain in full force and effect until the two year anniversary of the date hereof; <font style="font-style:italic;">provided, that</font><a name="_9kMML5YVt4669BGmNp7ro84q1"></a><a name="_9kMML5YVt4669FGiNp7ro84q1"></a> the representations and warranties<a name="_9kMIH5YVt4BB8BCdNeu1x3KLJig5px6JC7GCI56"></a> in (i)&#160;Section 4.01<a name="_9kMHG5YVt4BB8GLhNeu1x3KLKVVL95GBEVR9oi8"></a> (Organization and Qualification of Seller), Section 4.02 (Authority of Seller), Section 4.03 (No Conflicts; Consents), Section 4.07 (Title to Purchased Assets),<a name="_9kMHG5YVt4BB8GMiNeu1x3KNKUTD7y6L"></a> Section 4.14<a name="_9kMHG5YVt4BB8GNjNeu1x3LMJig5px6JC7GCIJC"></a> (Brokers), Section 5.01<a name="_9kMHG5YVt4BB8GOkNeu1x3LMKVVL95GBEVR9Xhb"></a> (Organization of Buyer) and Section 5.02<a name="_9kMHG5YVt4BB8HGbNeu1x3LMMYTD7y6L"></a> (Authority of Buyer) of this Agreement (collectively, the &#8220;<font style="font-weight:bold;">Fundamental Representations</font><a name="_9kMIH5YVt4BB8CGgNeu1x3KMKcWE6z71t9SA2st"></a>&#8221;) shall survive for a period of three (3) years after the Closing and (ii) Section 4.09<a name="_9kMHG5YVt4BB8HJeNeu1x3KMQeR999NEvTO7816"></a> (Intellectual Property) of this Agreement and Sections 2.9 (Circle Warranties) and 2.11 (Open Source Technology) of the License Agreement (collectively, the &#8220;<font style="font-weight:bold;">IP Representations</font>&#8221;) shall survive for a period of three (3) years after the Closing<a name="_9kMI8O6ZWu5777AHQ8wvjstvB"></a>.&nbsp;&nbsp;All covenants and agreements<a name="_9kMNM5YVt4669BGmNp7ro84q1"></a><a name="_9kMNM5YVt4669FGiNp7ro84q1"></a> of the parties contained herein shall survive the Closing indefinitely or for the period explicitly specified therein.&nbsp;&nbsp;Notwithstanding the foregoing, any claims asserted in good faith with reasonable specificity (to the extent known at such time) and in writing by notice from the non-breaching party to the breaching party prior to the expiration date of the applicable survival period shall not thereafter be barred by the expiration of the relevant representation or warranty and such claims shall survive until finally resolved.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;color:#000000;font-family:Times New Roman Bold;font-weight:bold;font-size:12pt;font-style:normal;text-transform:none;font-variant: normal;"><a name="_Ref527480553"></a><a name="_Toc26528203"></a><a name="_Toc31109091"></a><a name="_Toc31892937"></a><a name="_9kR3WTr2994ELfLcszv1LMIbUwoy85yzxq8HDJ7"></a><a name="a215058"></a>Section 7.02<font style="margin-left:36pt;"></font><font style="font-family:Times New Roman;color:#000000;">Indemnification by Seller</font></p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="_AEIOULastRenderedPageBreakAEIOU24"></a>.&nbsp;&nbsp;Subject to the other terms and conditions of this Article VII, Seller shall indemnify and defend each of Buyer and its Affiliates and their respective Representatives (collectively, the &#8220;<font style="font-weight:bold;">Buyer Indemnitees</font>&#8221;) against, and shall hold each of them harmless from and against, and shall pay and reimburse each of them for, any and all Losses </p>
<p style="text-align:center;margin-top:12pt;margin-bottom:12pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">20</p>
<hr style="page-break-after:always;width:100%;">
<p style="margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">incurred or sustained by, or imposed upon, the Buyer Indemnitees based upon, arising out of, with respect to or by reason of:</font></p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:7.69%;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="a582883"></a><a name="_9kR3WTr2996FJeLcszv1LMItftIE4xnq9P6sHOE"></a><a name="_9kMON5YVt4669BGmNp7ro84q1"></a><a name="_9kMON5YVt4669FGiNp7ro84q1"></a><a name="_9kMI4K6ZWu5DD7FJNFokuyovKhSy5G13J"></a><a name="_9kMPO5YVt4669BGmNp7ro84q1"></a><a name="_9kMPO5YVt4669FGiNp7ro84q1"></a><a name="_9kMHzG6ZWu577ACHnOq8sp95r2"></a><a name="_9kMHzG6ZWu577AGHjOq8sp95r2"></a><a name="_9kMH0H6ZWu577ACHnOq8sp95r2"></a><a name="_9kMH0H6ZWu577AGHjOq8sp95r2"></a>(a)<font style="margin-left:36pt;"></font><a name="_9kMON5YVt4669BGmNp7ro84q1"></a><a name="_9kMON5YVt4669FGiNp7ro84q1"></a>any inaccuracy in or breach of any of the representations or warranties of Seller contained in this Agreement, <a name="_9kMI4K6ZWu5DD7FJNFokuyovKhSy5G13J"></a>the License Agreement, or any of the other Ancillary Documents <a name="_9kMPO5YVt4669BGmNp7ro84q1"></a><a name="_9kMPO5YVt4669FGiNp7ro84q1"></a>or in any certificate or instrument delivered by or on behalf of Seller pursuant to this Agreement, as of the date such representation or warranty<a name="_9kMHzG6ZWu577ACHnOq8sp95r2"></a><a name="_9kMHzG6ZWu577AGHjOq8sp95r2"></a> was made or as if such representation or warranty<a name="_9kMH0H6ZWu577ACHnOq8sp95r2"></a><a name="_9kMH0H6ZWu577AGHjOq8sp95r2"></a> was made on and as of the Closing Date (except for representations and warranties that expressly relate to a specified date, the inaccuracy in or breach of which will be determined with reference to such specified date);</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:7.69%;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="a313073"></a><a name="_9kMI9P6ZWu5777AHQ8wvjstvB"></a><a name="_9kMI5L6ZWu5DD7FJNFokuyovKhSy5G13J"></a>(b)<font style="margin-left:36pt;"></font><a name="_9kMI9P6ZWu5777AHQ8wvjstvB"></a>any breach or non-fulfillment of any covenant, agreement or obligation to be performed by Seller pursuant to this Agreement, <a name="_9kMI5L6ZWu5DD7FJNFokuyovKhSy5G13J"></a>the License Agreement, or any of the other Ancillary Documents or any certificate or instrument delivered by or on behalf of Seller pursuant to this Agreement;</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:7.69%;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(c)<font style="margin-left:36pt;"></font>any claim by a third party that the use of the Operator Technology Assets as licensed pursuant to the License Agreement, whether arising before, on or after the Closing Date violates such third party&#8217;s intellectual property rights (but not including any of the Licensed Patents (as defined in Kajeet Settlement); provided that the foregoing shall not apply to the extent of (A) any grossly negligent act or omission of any Buyer Indemnitee, or (B) a claim with respect to portions or components of the Operator Technology Assets (i)&#160;not provided by Seller, (ii)&#160;resulting from modifications made by Seller in accordance with Buyer written specifications, (iii)&#160;that are modified other than by Seller or its authorized representatives, (iv)&#160;combined with other products, processes or materials, (v)&#160;where Buyer continues allegedly infringing activity as to the Operator Technology Assets after being notified thereof and being provided by Seller with modifications that would have avoided the alleged infringement, or (vi)&#160;where Buyer&#8217;s use of the Operator Technology Assets is not in accordance with the License Agreement and all related documentation in any material respect, in each case (A) or (B) where the claim would not have arisen but for the occurrence of (A) or (B);</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:7.69%;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(d)<font style="margin-left:36pt;"></font>any breach of Seller&#8217;s Services (as defined in the Support Agreement) obligations under the Support Agreement; or</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:7.69%;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="a1058445"></a>(e)<font style="margin-left:36pt;"></font>any Excluded Asset and/or any Excluded Liability.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;color:#000000;font-family:Times New Roman Bold;font-weight:bold;font-size:12pt;font-style:normal;text-transform:none;font-variant: normal;"><a name="_Ref527480982"></a><a name="_Toc26528204"></a><a name="_Toc31109092"></a><a name="_Toc31892938"></a><a name="_9kR3WTr2995DKgLcszv1LMJcUwoy85yzxq8HDJh"></a><a name="a749124"></a>Section 7.03<font style="margin-left:36pt;"></font><font style="font-family:Times New Roman;color:#000000;">Indemnification by Buyer</font></p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">.&nbsp;&nbsp;Subject to the other terms and conditions of this Article VII, Buyer shall indemnify and defend each of Seller and its Affiliates and their respective Representatives (collectively, the &#8220;<font style="font-weight:bold;">Seller Indemnitees</font>&#8221;) against, and shall hold each of them harmless from and against, and shall pay and reimburse each of them for, any and all Losses incurred or sustained by, or imposed upon, the Seller Indemnitees based upon, arising out of, with respect to or by reason of:</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:7.69%;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="a764914"></a><a name="_9kR3WTr2996FKfLcszv1LMJuftIE4xnq9P6sHOE"></a><a name="_9kMH1I6ZWu577ACHnOq8sp95r2"></a><a name="_9kMH1I6ZWu577AGHjOq8sp95r2"></a><a name="_AEIOULastRenderedPageBreakAEIOU25"></a><a name="_9kMH2J6ZWu577ACHnOq8sp95r2"></a><a name="_9kMH2J6ZWu577AGHjOq8sp95r2"></a><a name="_9kMH3K6ZWu577ACHnOq8sp95r2"></a><a name="_9kMH3K6ZWu577AGHjOq8sp95r2"></a><a name="_9kMH4L6ZWu577ACHnOq8sp95r2"></a><a name="_9kMH4L6ZWu577AGHjOq8sp95r2"></a>(a)<font style="margin-left:36pt;"></font><a name="_9kMH1I6ZWu577ACHnOq8sp95r2"></a><a name="_9kMH1I6ZWu577AGHjOq8sp95r2"></a>any inaccuracy in or breach of any of the representations or warranties of Buyer contained in this Agreement, the License Agreement, or any of the other Ancillary Documents or in any certificate or instrument delivered by or on behalf of Buyer pursuant </p>
<p style="text-align:center;margin-top:12pt;margin-bottom:12pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">21</p>
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<p style="margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="_9kMH2J6ZWu577ACHnOq8sp95r2"></a><a name="_9kMH2J6ZWu577AGHjOq8sp95r2"></a>to this Agreement, as of the date such representation or </font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">warranty</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="_9kMH3K6ZWu577ACHnOq8sp95r2"></a><a name="_9kMH3K6ZWu577AGHjOq8sp95r2"></a> was made or as if such representation or </font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">warranty</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="_9kMH4L6ZWu577ACHnOq8sp95r2"></a><a name="_9kMH4L6ZWu577AGHjOq8sp95r2"></a> was made on and as of the Closing Date (except for representations and </font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">warranties</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> that expressly relate to a specified date, the inaccuracy in or breach of which will be determined with reference to such specified date);</font></p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:7.69%;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="a612653"></a><a name="_9kMJ1G6ZWu5777AHQ8wvjstvB"></a>(b)<font style="margin-left:36pt;"></font><a name="_9kMJ1G6ZWu5777AHQ8wvjstvB"></a>any breach or non-fulfillment of any covenant, agreement or obligation to be performed by Buyer pursuant to this Agreement, the License Agreement, or any of the other Ancillary Documents; or</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:7.69%;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(c)<font style="margin-left:36pt;"></font>any third party claim arising from or relating to (i) any claims of infringement relating to the SMSI Derivative Works (as defined in the License Agreement) whether arising before, on or after the Closing Date (but excluding any claims with respect to the Operator Technology Assets), and (ii) any claims of end users of the SMSI Derivative Works; provided that the foregoing indemnification obligations shall not apply to the extent of any grossly negligent act or omission of any Seller Indemnitee.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;color:#000000;font-family:Times New Roman Bold;font-weight:bold;font-size:12pt;font-style:normal;text-transform:none;font-variant: normal;"><a name="_Toc26528205"></a><a name="_Toc31109093"></a><a name="_Toc31892939"></a><a name="a285139"></a>Section 7.04<font style="margin-left:36pt;"></font><font style="font-family:Times New Roman;color:#000000;">Certain Limitations</font></p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="_9kMIH5YVt4BB6GNhNeu1x3NOKdWyq0A701zsAJF"></a><a name="_9kMJI5YVt4BB7FMiNeu1x3NOLeWyq0A701zsAJF"></a><a name="_9kMIH5YVt4BB6GNhNeu1x3NOKdWyq0A701zsAJF"></a>.&nbsp;&nbsp;The indemnification provided for in Section 7.02<a name="_9kMJI5YVt4BB7FMiNeu1x3NOLeWyq0A701zsAJF"></a> and Section 7.03 shall be subject to the following limitations:</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:7.69%;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="a279146"></a><a name="_9kMJI5YVt4BB8HLgNeu1x3NOKvhvKG6zpsBR8uJ"></a>(a)<font style="margin-left:36pt;"></font>Subject to Section 7.04(c) below, t<a name="_9kMJI5YVt4BB8HLgNeu1x3NOKvhvKG6zpsBR8uJ"></a>he aggregate amount of all Losses for which Seller shall be liable pursuant to Section 7.02(a) shall not exceed One Million Three Hundred Fifty Thousand Dollars ($1,350,000) (the &#8220;<font style="font-weight:bold;">Cap</font>&#8221;).</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:7.69%;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="a1058421"></a><a name="_9kMJI5YVt4BB8HMhNeu1x3NOLwhvKG6zpsBR8uJ"></a>(b)<font style="margin-left:36pt;"></font>Subject to Section 7.04(c) below, t<a name="_9kMJI5YVt4BB8HMhNeu1x3NOLwhvKG6zpsBR8uJ"></a>he aggregate amount of all Losses for which Buyer shall be liable pursuant to Section 7.03(a) shall not exceed the Cap.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:7.69%;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="a1058446"></a>(c)<font style="margin-left:36pt;"></font>Notwithstanding the foregoing, with respect to Losses based upon, arising out of, with respect to or by reason of any inaccuracy in or breach of any Fundamental Representations or IP Representations, the Cap shall increase from $1,350,000 to the Purchase Price.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:7.69%;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(d)<font style="margin-left:36pt;"></font>Notwithstanding the foregoing, the aggregate amount of all Losses for which Seller shall be liable pursuant to Section 7.02(c) shall not exceed the Purchase Price.&nbsp;&nbsp;Additionally, no claims may be made pursuant to Section 7.02(c) following the three (3) year anniversary of the Closing Date. Any indemnity under Section 7.02(c) shall apply towards any Cap with respect to indemnity for IP Representations and vice versa. </p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:7.69%;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(e)<font style="margin-left:36pt;"></font>Notwithstanding the foregoing, the aggregate amount of all Losses for which Seller shall be liable pursuant to (i) Section 7.02(a) and 7.02(b) as it relates to a breach of any representation, warranty, covenant under the Support Agreement and (ii) Section 7.02(d) shall not exceed (x) $1,350,000 for any claim related to the Initial Term (as defined in the Support Agreement); or (y) the aggregate amount of fees paid by Buyer to Seller under the Support Agreement in connection with the exercise of the extension term therein for any claim related to such extension term. </p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:7.69%;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="_AEIOULastRenderedPageBreakAEIOU26"></a>(f)<font style="margin-left:36pt;"></font>Notwithstanding the foregoing, the aggregate amount of all Losses for which Buyer shall be liable pursuant to Section 7.03(c) shall not exceed the Purchase Price.&nbsp;&nbsp;</p>
<p style="text-align:center;margin-top:12pt;margin-bottom:12pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">22</p>
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<p style="margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Additionally, no claims may be made pursuant to Section 7.03(c) following the three (3) year anniversary of the Closing Date.</font></p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:7.69%;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="a312360"></a>(g)<font style="margin-left:36pt;"></font>Notwithstanding the foregoing, the aggregate amount of all Losses for which Seller shall be liable pursuant to Sections 7.02(a), (b), (c), (d) <font style="text-decoration:underline;">plus</font> liquidated damages under Section 1.1(f) of the Support Agreement shall not exceed the Purchase Price. Additionally, no claims may be made pursuant to Section 7.02(a), (b), (c) and (d) following the three (3) year anniversary of the Closing Date.&nbsp;&nbsp;Notwithstanding the above, there shall be no limitation (in either amount, time or otherwise) on Seller&#8217;s obligation to pay the Circle Expansion Fee (as defined in the License Agreement), if Seller exercises the Circle License Expansion Option (as defined in the License Agreement).</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:7.69%;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(h)<font style="margin-left:36pt;"></font>Notwithstanding the foregoing, the aggregate amount of all Losses for which Buyer shall be liable pursuant to Sections 7.03(a), (b) and (c) shall not exceed the Purchase Price. Additionally, no claims may be made pursuant to Sections 7.03(a), (b), and (c) following the three (3) year anniversary of the Closing Date.&nbsp;&nbsp;Notwithstanding the above, there shall be no limitation (in either amount, time or otherwise) on Buyer&#8217;s obligation to pay the SMSI Expansion Fee (as defined in the License Agreement), if Buyer exercises the SMSI License Expansion Option (as defined in the License Agreement).</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:7.69%;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="_9kMH7O6ZWu577ACHnOq8sp95r2"></a><a name="_9kMH7O6ZWu577AGHjOq8sp95r2"></a>(i)<font style="margin-left:36pt;"></font>For purposes of this Article VII, the calculation of Losses shall <a name="_9kMH7O6ZWu577ACHnOq8sp95r2"></a><a name="_9kMH7O6ZWu577AGHjOq8sp95r2"></a>be determined without regard to any materiality, Material Adverse Effect or other similar qualification contained in or otherwise applicable to such representation, warranty, covenant or other agreement; provided, however, that such qualifications shall be included for purposes of determining whether there is an inaccuracy or breach.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:7.69%;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="_9kMKJ5YVt4669CHbCu"></a><a name="_9kMKJ5YVt4669GHXCu"></a>(j)<font style="margin-left:36pt;"></font>Each party shall (and shall cause its Affiliates to) use reasonable commercial efforts to pursue all legal rights and remedies available in order to mitigate the Losses for which indemnification is provided to it under this Article VII<a name="_9kMKJ5YVt4669CHbCu"></a><a name="_9kMKJ5YVt4669GHXCu"></a>, in accordance with applicable law.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:7.69%;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(k)<font style="margin-left:36pt;"></font>The amount of Losses for which indemnification is provided under this Agreement will be reduced to take account of any Tax benefit actually received by the Indemnified Party arising from the incurrence or payment of any such Losses.  </p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:7.69%;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="_AEIOULastRenderedPageBreakAEIOU27"></a><a name="_9kR3WTr5DA7FK"></a><a name="_9kR3WTr5DA7GG"></a><a name="_9kMPO5YVt4BB89EPI80korcBz062u4EB453wENJ"></a>(l)<font style="margin-left:36pt;"></font>The amount of Losses recoverable by an Indemnified Party under this Article VII with respect to an indemnity claim shall be reduced by the amount of any payment actually received by such Indemnified Party (or an Affiliate thereof), with respect to the Losses to which such indemnity claim relates, from an insurance carrier, net of any expenses incurred in connection therewith, including any increases to insurance premiums.  An Indemnified Party shall use reasonable commercial efforts to pursue, and to cause its Affiliates to pursue, all insurance claims to which it may be entitled in connection with any Losses it incurs, and the parties shall cooperate with each other in pursuing insurance claims with respect to any Losses or any indemnification obligations with respect to Losses.  If an Indemnified Party (or an Affiliate) actually receives any insurance payment in connection with any claim for Losses for which it has already received an indemnification payment from the Indemnifying Party, it shall pay to the Indemnifying </p>
<p style="text-align:center;margin-top:12pt;margin-bottom:12pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">23</p>
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<p style="margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Party, within 30 days of receiving such insurance payment, an amount equal to the excess of (A) the amount previously received by the Indemnified Party under this </font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Article VII</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> with respect to such claim plus the amount of the insurance payments </font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">actually </font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">received,</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="_9kR3WTr5DA7FK"></a><a name="_9kR3WTr5DA7GG"></a>net of any expenses incurred in connection therewith, including any increases to insurance premiums</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">,</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="_9kMPO5YVt4BB89EPI80korcBz062u4EB453wENJ"></a>over (B) the amount of Losses with respect to such claim which the Indemnified Party has become entitled to receive under this </font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Article VII</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">.</font></p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;color:#000000;font-family:Times New Roman Bold;font-weight:bold;font-size:12pt;font-style:normal;text-transform:none;font-variant: normal;"><a name="_Ref527480742"></a><a name="_Toc26528206"></a><a name="_Toc31109094"></a><a name="_Toc31892940"></a><a name="_9kR3WTr2995AFeLcszv1LMLeUwoy85yzxq8HDJv"></a><a name="a813212"></a>Section 7.05<font style="margin-left:36pt;"></font><font style="font-family:Times New Roman;color:#000000;">Indemnification Procedures</font></p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">.&nbsp;&nbsp;The party making a claim under this Article VII is referred to as the &#8220;<font style="font-weight:bold;">Indemnified Party</font>&#8221;, and the party against whom such claims are asserted under this Article VII is referred to as the &#8220;<font style="font-weight:bold;">Indemnifying Party</font>&#8221;.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:7.69%;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="_9kR3WTr2995EFaLcszv1LMLwYaw73cU3NVpX20D"></a><a name="a755760"></a><a name="_9kMHG5YVt4BB8HOjNeu1x3NONzaY6MF1346MOBr"></a><a name="_9kMH7O6ZWu5777BDL4u1x3"></a><a name="_9kMHG5YVt4669DGWMogq0xqrrnZR0KS"></a><a name="_9kMHG5YVt4669HGSMogq0xqrrnZR0KS"></a><a name="_AEIOULastRenderedPageBreakAEIOU28"></a><a name="_9kMIH5YVt4BB8HOjNeu1x3NONzaY6MF1346MOBr"></a><a name="_9kMHG5YVt4BB8HPkNeu1x3MNKXR91xwt4KGy2BK"></a>(a)<font style="margin-left:36pt;"></font>Third Party Claims.&nbsp;&nbsp;If any Indemnified Party receives notice of the assertion or commencement of any Action made or brought by any Person who is not a party to this Agreement or an Affiliate of a party to this Agreement or a Representative of the foregoing (a &#8220;<font style="font-weight:bold;">Third Party Claim</font>&#8221;) against such Indemnified Party with respect to which the Indemnifying Party is obligated to provide indemnification under this Agreement, the Indemnified Party shall give the Indemnifying Party reasonably prompt written notice thereof, but in any event not later than thirty (30) calendar days after receipt of such notice of such Third Party Claim.&nbsp;&nbsp;The failure to give such prompt written notice shall not, however, relieve the Indemnifying Party of its indemnification obligations, except and only to the extent that the Indemnifying Party forfeits rights or defenses by reason of such failure.&nbsp;&nbsp;Such notice by the Indemnified Party shall describe the Third Party Claim in reasonable detail, shall include copies of all material written evidence thereof and shall indicate the estimated amount, if reasonably practicable, of the Loss that has been or may be sustained by the Indemnified Party.&nbsp;&nbsp;The Indemnifying Party shall have the right to participate in, or by giving written notice to the Indemnified Party, to assume the defense of any Third Party Claim at the Indemnifying Party&#8217;s expense and by the Indemnifying Party&#8217;s own counsel, and the Indemnified Party shall cooperate in good faith in such defense; <font style="font-style:italic;">provided, that</font><a name="_9kMHG5YVt4BB8HOjNeu1x3NONzaY6MF1346MOBr"></a> if the Indemnifying Party is Seller, such Indemnifying Party shall not have the right to defend or direct the defense of any such Third Party Claim that (x) is asserted directly by or on behalf of a Person that is a supplier or customer of the Business, or (y) seeks an injunction or other equitable relief against the Indemnified Party.&nbsp;&nbsp;In the event that the Indemnifying Party assumes the defense of any Third Party Claim, subject to Section 7.05(b)<a name="_9kMH7O6ZWu5777BDL4u1x3"></a>, it shall have the right to take such action as it deems necessary to avoid, dispute, defend, appeal or make counterclaims pertaining to any such Third Party Claim in the name and on behalf of the Indemnified Party.&nbsp;&nbsp;The Indemnified Party shall have the right to participate in the defense of any Third Party Claim with counsel selected by it subject to the Indemnifying Party&#8217;s right to control the defense thereof.&nbsp;&nbsp;The fees and disbursements of such counsel shall be at the expense of the Indemnified Party, <font style="font-style:italic;">provided, that</font><a name="_9kMHG5YVt4669DGWMogq0xqrrnZR0KS"></a><a name="_9kMHG5YVt4669HGSMogq0xqrrnZR0KS"></a> if in the reasonable opinion of counsel to the indemnified party (A) there are legal defenses available to an Indemnified Party that are different from or additional to those available to the Indemnifying Party and that cannot be effectively pursued by counsel to Indemnifying Party; or (B) there exists a conflict of interest between the Indemnifying Party and the Indemnified Party that cannot be waived, the Indemnifying Party shall be liable for the reasonable fees and expenses of counsel to the Indemnified Party in each jurisdiction for which the Indemnified Party determines counsel is required.&nbsp;&nbsp;If the Indemnifying Party elects not to compromise or defend such Third Party Claim, fails to </p>
<p style="text-align:center;margin-top:12pt;margin-bottom:12pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">24</p>
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<p style="margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="_9kMIH5YVt4BB8HOjNeu1x3NONzaY6MF1346MOBr"></a>promptly notify the Indemnified Party in writing of its election to defend as provided in this Agreement, or fails to diligently prosecute the defense of such Third Party Claim, the Indemnified Party may, subject to </font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Section 7.05(b)</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="_9kMHG5YVt4BB8HPkNeu1x3MNKXR91xwt4KGy2BK"></a>, pay, compromise, defend such Third Party Claim and seek indemnification for any and all Losses based upon, arising from or relating to such Third Party Claim.&nbsp;&nbsp;Seller and Buyer shall cooperate with each other in all reasonable respects in connection with the defense of any Third Party Claim, including making available (subject to the provisions of </font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Section 6.01</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">) records relating to such Third Party Claim and furnishing, without expense (other than reimbursement of actual out-of-pocket expenses) to the defending party, management employees of the non-defending party as may be reasonably necessary for the preparation of the defense of such Third Party Claim.</font></p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:7.69%;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="_9kR3WTr2996FMhLcszv1LMLxYW4KDz124KM9pm8"></a><a name="a193695"></a><a name="_9kMJI5YVt4BB8HOjNeu1x3NONzaY6MF1346MOBr"></a><a name="_9kMI3J6ZWu5777ADXLhbkvw56s3"></a><a name="_9kMJI5YVt46669EeMnoety"></a><a name="_9kMI4K6ZWu5777ADXLhbkvw56s3"></a><a name="_9kMI5L6ZWu5777ADXLhbkvw56s3"></a><a name="_9kMIH5YVt4BB7GHcNeu1x3NONyacy95eW5PXrZ4"></a>(b)<font style="margin-left:36pt;"></font>Settlement of Third Party Claims.<a name="_9kMJI5YVt4BB8HOjNeu1x3NONzaY6MF1346MOBr"></a>&nbsp;&nbsp;Notwithstanding any other provision of this Agreement, the Indemnifying Party shall not enter into settlement of any Third Party Claim without the prior written consent of the Indemnified Party, except as provided in this Section 7.05(b)<a name="_9kMI3J6ZWu5777ADXLhbkvw56s3"></a>.&nbsp;&nbsp;If a firm offer is made to settle a Third Party Claim without leading to liability<a name="_9kMJI5YVt46669EeMnoety"></a> or the creation of a financial or other obligation on the part of the Indemnified Party and provides, in customary form, for the unconditional release<a name="_9kMI4K6ZWu5777ADXLhbkvw56s3"></a> of each Indemnified Party from all Liabilities<a name="_9kMI5L6ZWu5777ADXLhbkvw56s3"></a> and obligations in connection with such Third Party Claim and the Indemnifying Party desires to accept and agree to such offer, the Indemnifying Party shall give written notice to that effect to the Indemnified Party.&nbsp;&nbsp;If the Indemnified Party fails to consent to such firm offer within ten (10) calendar days after its receipt of such notice, the Indemnified Party may continue to contest or defend such Third Party Claim and in such event, the maximum liability<a name="_9kMIH5YVt4BB7GHcNeu1x3NONyacy95eW5PXrZ4"></a> of the Indemnifying Party as to such Third Party Claim shall not exceed the amount of such settlement offer.&nbsp;&nbsp;If the Indemnified Party fails to consent to such firm offer and also fails to assume defense of such Third Party Claim, the Indemnifying Party may settle the Third Party Claim upon the terms set forth in such firm offer to settle such Third Party Claim.&nbsp;&nbsp;If the Indemnified Party has assumed the defense pursuant to Section 7.05(a), it shall not agree to any settlement without the written consent of the Indemnifying Party (which consent shall not be unreasonably withheld or delayed).</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:7.69%;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="_9kR3WTr299569cLcszv1LMLyKL63p5gTyw9K"></a><a name="a86882"></a><a name="_AEIOULastRenderedPageBreakAEIOU29"></a>(c)<font style="margin-left:36pt;"></font>Direct Claims.&nbsp;&nbsp;Any Action by an Indemnified Party on account of a Loss which does not result from a Third Party Claim (a &#8220;<font style="font-weight:bold;">Direct Claim</font>&#8221;) shall be asserted by the Indemnified Party giving the Indemnifying Party reasonably prompt written notice thereof, but in any event not later than thirty (30) days after the Indemnified Party becomes aware of such Direct Claim.&nbsp;&nbsp;The failure to give such prompt written notice shall not, however, relieve the Indemnifying Party of its indemnification obligations, except and only to the extent that the Indemnifying Party forfeits rights or defenses by reason of such failure.&nbsp;&nbsp;Such notice by the Indemnified Party shall describe the Direct Claim in reasonable detail, shall include copies of all material written evidence thereof and shall indicate the estimated amount, if reasonably practicable, of the Loss that has been or may be sustained by the Indemnified Party.&nbsp;&nbsp;The Indemnifying Party shall have fifteen (15) calendar days after its receipt of such notice to respond in writing to such Direct Claim.&nbsp;&nbsp;The Indemnified Party shall allow the Indemnifying Party and its professional advisors to investigate the matter or circumstance alleged to give rise to the Direct Claim, and whether and to what extent any amount is payable in respect of the Direct Claim and the Indemnified Party shall assist </p>
<p style="text-align:center;margin-top:12pt;margin-bottom:12pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">25</p>
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<p style="margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">the Indemnifying Party&#8217;s investigation by giving such information and assistance (including access to the Indemnified Party&#8217;s premises and personnel and the right to examine and copy any accounts, documents or records) as the Indemnifying Party or any of its professional advisors may reasonably request.&nbsp;&nbsp;If the Indemnifying Party does not so respond within such fifteen (15) calendar day period, the Indemnifying Party shall be deemed to have rejected such claim, in which case the Indemnified Party shall be free to pursue such remedies as may be available to the Indemnified Party on the terms and subject to the provisions of this Agreement.</font></p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;color:#000000;font-family:Times New Roman Bold;font-weight:bold;font-size:12pt;font-style:normal;text-transform:none;font-variant: normal;"><a name="_Toc26528207"></a><a name="_Toc31109095"></a><a name="_Toc31892941"></a>Section 7.06<font style="margin-left:36pt;"></font><font style="font-family:Times New Roman;color:#000000;">Payments</font></p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">.&nbsp;&nbsp;Once a Loss is agreed to by the Indemnifying Party or finally adjudicated to be payable pursuant to this Article VII, the Indemnifying Party shall satisfy its obligations within ten (10) Business Days of such final, non-appealable adjudication by wire transfer of immediately available funds.&nbsp;&nbsp;The parties hereto agree that should an Indemnifying Party not make full payment of any such obligations within such ten (10) Business Day period, any amount payable shall accrue interest from and including the date of agreement of the Indemnifying Party or final, non-appealable adjudication to and including the date such payment has been made at a rate per annum equal to five percent (5%).&nbsp;&nbsp;Such interest shall be calculated daily on the basis of a 365 day year and the actual number of days elapsed, without compounding.&nbsp;&nbsp;Additionally, Buyer agrees to retain funds, to the extent sufficient funds are available, from the Holdback as its first source of recovery prior to seeking payment from Seller in accordance with the procedures set forth above in this Section 7.06.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;color:#000000;font-family:Times New Roman Bold;font-weight:bold;font-size:12pt;font-style:normal;text-transform:none;font-variant: normal;"><a name="_Toc26528208"></a><a name="_Toc31109096"></a><a name="_Toc31892942"></a><a name="a84291"></a>Section 7.07<font style="margin-left:36pt;"></font><font style="font-family:Times New Roman;color:#000000;">Tax Treatment of Indemnification Payments</font></p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">.&nbsp;&nbsp;All indemnification payments made under this Agreement shall be treated by the parties as an adjustment to the Purchase Price for Tax purposes, unless otherwise required by Law.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;color:#000000;font-family:Times New Roman Bold;font-weight:bold;font-size:12pt;font-style:normal;text-transform:none;font-variant: normal;"><a name="_Toc256000079"></a><a name="_Toc21095071"></a><a name="_Toc31109097"></a><a name="_Toc31892943"></a><a name="_Toc411938132"></a>Section 7.08<font style="margin-left:36pt;"></font><font style="font-family:Times New Roman;color:#000000;">Exclusive Remedy</font></p>
<p style="margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">.&nbsp;&nbsp;This <font style="text-decoration:underline;">Article VII</font> will be the sole and exclusive remedy of the Buyer Indemnitees and Seller Indemnitees from and after the Closing Date for any claims arising under this Agreement, the License Agreement, the Support Agreement or any of the other Ancillary Documents, including claims of inaccuracy in or breach of any representation, warranty, covenant or agreement contained herein; <font style="text-decoration:underline;">provided</font><font style="font-style:italic;">, </font><font style="text-decoration:underline;">however</font><font style="font-style:italic;">,</font> that the foregoing will not be deemed the sole remedy with respect to, a waiver of, or otherwise eliminate, restrict or limit in any way, (a) any right to specific performance or injunctive relief pursuant to equitable law or any other equitable remedy, including pursuant to Section 8.11 herein, (b) any right to enforce the liquidated damages provision in the Support Agreement, and (c) any right or remedy arising by reason of any claim of fraud, intentional misrepresentation or intentional breach with respect to this Agreement, the License Agreement, the Support Agreement or any of the other Ancillary Documents, or breach of confidentiality obligations with respect to the License Agreement.</p>
<p style="text-align:center;margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-family:Times New Roman Bold;text-transform:uppercase;font-size:12pt;font-style:normal;font-variant: normal;"><a name="_Toc26528210"></a><a name="_Toc28857587"></a><a name="_Toc30098445"></a><a name="_Toc31109098"></a><a name="_Toc31892944"></a>Article VIII<br /><a name="_Toc26528210"></a><a name="_Toc28857587"></a><a name="_Toc30098445"></a><a name="_Toc31109098"></a><a name="_Toc31892944"></a>Miscellaneous</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;color:#000000;font-family:Times New Roman Bold;font-weight:bold;font-size:12pt;font-style:normal;text-transform:none;font-variant: normal;"><a name="_Toc26528211"></a><a name="_Toc28857588"></a><a name="_Toc30098446"></a><a name="_Toc31109099"></a><a name="_Toc31892945"></a><a name="a937342"></a>Section 8.01<font style="margin-left:36pt;"></font><font style="font-family:Times New Roman;color:#000000;">Expenses</font></p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">.&nbsp;&nbsp;Except as otherwise expressly provided herein, all costs and expenses, including, without limitation, fees and disbursements of counsel, financial advisors and accountants, incurred in connection with this Agreement and the transactions contemplated hereby shall be paid by the party incurring such costs and expenses, whether or not the Closing shall have occurred.</p>
<p style="text-align:center;margin-top:12pt;margin-bottom:12pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">26</a></p>
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<p style="margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;color:#000000;font-family:Times New Roman Bold;font-weight:bold;font-size:12pt;font-style:normal;text-transform:none;font-variant: normal;"><a name="_Ref527484752"></a><a name="_Toc26528212"></a><a name="_Toc28857589"></a><a name="_Toc30098447"></a><a name="_Toc31109100"></a><a name="_Toc31892946"></a><a name="_9kR3WTr2996GJdLcszv1MNIgaD8sp6"></a><a name="a486136"></a><a name="_AEIOULastRenderedPageBreakAEIOU30"></a><font style="color:#000000;font-family:Times New Roman Bold;font-weight:bold;font-size:12pt;font-style:normal;text-transform:none;font-variant: normal;">Section 8.02</font><font style="margin-left:36pt;"></font><font style="font-family:Times New Roman;color:#000000;">Notices</font></p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="_9kMI3J6ZWu5777BCLNB0wtzE"></a><a name="_9kMI4K6ZWu5777BCLNB0wtzE"></a><a name="_9kMHG5YVt4669DHQMAzvsyDZC4"></a><a name="_9kMHG5YVt4669HHMMAzvsyDZC4"></a><a name="_9kMHG5YVt4BB8ILfNeu1x3OPKicFAur8"></a>.&nbsp;&nbsp;All notices, requests, consents, claims, demands, waivers and other communications hereunder shall be in writing and shall be deemed to have been given (a)&#160;when delivered by hand (with written confirmation of receipt); (b) when received by the addressee if sent by a nationally recognized overnight courier (receipt requested); (c) on the date sent by e<a name="_9kMI3J6ZWu5777BCLNB0wtzE"></a>&#8209;mail of a PDF document (with confirmation of transmission) if sent during normal business<a name="_9kMI4K6ZWu5777BCLNB0wtzE"></a> hours of the recipient, and on the next Business Day if sent after normal business hours of the recipient or (d) on the third (3<sup style="font-size:85%;line-height:120%;vertical-align:top">rd</sup><a name="_9kMHG5YVt4669DHQMAzvsyDZC4"></a><a name="_9kMHG5YVt4669HHMMAzvsyDZC4"></a>) business day<a name="_9kMHG5YVt4BB8ILfNeu1x3OPKicFAur8"></a> after the date mailed, by certified or registered mail, return receipt requested, postage prepaid.&nbsp;&nbsp;Such communications must be sent to the respective parties at the following addresses (or at such other address for a party as shall be specified in a notice given in accordance with this Section 8.02):</p>
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<p style="margin-bottom:0pt;text-align:justify;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">If to Seller:</p></td>
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<p style="margin-bottom:0pt;text-align:justify;margin-top:0pt;margin-left:57.2pt;;text-indent:-57.2pt;;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Circle Media Labs Inc.</p>
<p style="margin-bottom:0pt;text-align:justify;margin-top:0pt;margin-left:57.2pt;;text-indent:-57.2pt;;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">1104 NW 15<sup style="font-size:85%;line-height:120%;vertical-align:top">th</sup> Avenue</p>
<p style="margin-bottom:0pt;text-align:justify;margin-top:0pt;margin-left:57.2pt;;text-indent:-57.2pt;;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Portland, OR 97209</p>
<p style="margin-bottom:0pt;text-align:justify;margin-top:0pt;margin-left:57.2pt;;text-indent:-57.2pt;;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Attention: Andrew Olson</p>
<p style="margin-bottom:0pt;text-align:justify;margin-top:0pt;margin-left:57.2pt;;text-indent:-57.2pt;;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">E-mail: andrew.olson@meetcircle.com </p></td>
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<p style="margin-bottom:0pt;margin-top:12pt;text-align:justify;margin-left:0pt;;text-indent:0pt;;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">with a copy to:</p></td>
<td valign="top"  style="width:50%;">
<p style="margin-bottom:0pt;margin-top:12pt;text-align:justify;margin-left:57.2pt;;text-indent:-57.2pt;;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Gunderson Dettmer LLP</p>
<p style="margin-bottom:0pt;text-align:justify;margin-top:0pt;margin-left:57.2pt;;text-indent:-57.2pt;;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">550 Allerton Street</p>
<p style="margin-bottom:0pt;text-align:justify;margin-top:0pt;margin-left:57.2pt;;text-indent:-57.2pt;;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Redwood City, CA 94063</p>
<p style="margin-bottom:0pt;text-align:justify;margin-top:0pt;margin-left:57.2pt;;text-indent:-57.2pt;;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Attention: Dan O&#8217;Connor</p>
<p style="margin-bottom:0pt;text-align:justify;margin-top:0pt;margin-left:57.2pt;;text-indent:-57.2pt;;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">E-mail: doconnor@gunder.com</p></td>
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<p style="margin-bottom:0pt;margin-top:12pt;text-align:justify;margin-left:0pt;;text-indent:0pt;;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">If to Buyer:</p></td>
<td valign="top"  style="width:50%;">
<p style="margin-bottom:0pt;margin-top:12pt;text-align:justify;margin-left:57.2pt;;text-indent:-57.2pt;;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Smith Micro Software, Inc.</p>
<p style="margin-bottom:0pt;text-align:justify;margin-top:0pt;margin-left:57.2pt;;text-indent:-57.2pt;;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">5800 Corporate Drive, 5<sup style="font-size:85%;line-height:120%;vertical-align:top">th</sup> Floor</p>
<p style="margin-bottom:0pt;text-align:justify;margin-top:0pt;margin-left:57.2pt;;text-indent:-57.2pt;;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Pittsburgh, PA 15237</p>
<p style="margin-bottom:0pt;text-align:justify;margin-top:0pt;margin-left:57.2pt;;text-indent:-57.2pt;;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Attention:Timothy C. Huffmyer</p>
<p style="margin-bottom:0pt;text-align:justify;margin-top:0pt;margin-left:57.2pt;;text-indent:-57.2pt;;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">E-mail:thuffmyer@smithmicro.com</p>
<p style="margin-bottom:0pt;text-align:justify;margin-top:0pt;margin-left:57.2pt;;text-indent:0pt;;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">legal@smithmicro.com </p></td>
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<p style="margin-bottom:0pt;margin-top:12pt;text-align:justify;margin-left:0pt;;text-indent:0pt;;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">with a copy to:</p></td>
<td valign="top"  style="width:50%;">
<p style="margin-bottom:0pt;margin-top:12pt;text-align:justify;margin-left:57.2pt;;text-indent:-57.2pt;;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Buchanan Ingersoll &amp; Rooney PC</p>
<p style="margin-bottom:0pt;text-align:justify;margin-top:0pt;margin-left:57.2pt;;text-indent:-57.2pt;;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">501 Grant Street, Suite 200</p>
<p style="margin-bottom:0pt;text-align:justify;margin-top:0pt;margin-left:57.2pt;;text-indent:-57.2pt;;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Pittsburgh, PA 15219</p>
<p style="margin-bottom:0pt;text-align:justify;margin-top:0pt;margin-left:57.2pt;;text-indent:-57.2pt;;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Attention:Brian Novosel</p>
<p style="margin-bottom:0pt;text-align:justify;margin-top:0pt;margin-left:57.2pt;;text-indent:-57.2pt;;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">E-mail:brian.novosel@bipc.com</p></td>
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<p style="margin-bottom:0pt;text-align:justify;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;"><a name="a609758"></a>&nbsp;</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;color:#000000;font-family:Times New Roman Bold;font-weight:bold;font-size:12pt;font-style:normal;text-transform:none;font-variant: normal;"><a name="_Ref527483941"></a><a name="_Toc26528213"></a><a name="_Toc28857590"></a><a name="_Toc30098448"></a><a name="_Toc31109101"></a><a name="_Toc31892947"></a>Section 8.03<font style="margin-left:36pt;"></font><font style="font-family:Times New Roman;color:#000000;">Interpretation</font></p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="_9kR3WTr1AB46GQG6yimpxmTk0739EfQC71EMTTE"></a><a name="_9kR3WTr1AB478HG6yimpxmTk0739EfQC71EMTTE"></a><a name="_9kR3WTr2AA6GKMG6yimpxmTk0739EfQC71EMTTE"></a><a name="_9kR3WTr2AA6GLNG6yimpxuquaWn3A6CHJ7u37YY"></a><a name="_9kMJ5K6ZWu5777AHQ8wvjstvB"></a><a name="_9kMJ6L6ZWu5777AHQ8wvjstvB"></a><a name="_AEIOULastRenderedPageBreakAEIOU31"></a><a name="_9kR3WTr2AA6GMhPhEDzuo19GG1dWsvs9I3B848a"></a>.&nbsp;&nbsp;For purposes of this Agreement, (a) the words &#8220;include,&#8221; &#8220;includes&#8221; and &#8220;including&#8221; shall be deemed to be followed by the words &#8220;without limitation&#8221;; (b)&#160;the word &#8220;or&#8221; is not exclusive; and (c) the words &#8220;herein,&#8221; &#8220;hereof,&#8221; &#8220;hereby,&#8221; &#8220;hereto&#8221; and &#8220;hereunder&#8221;<a name="_9kR3WTr1AB46GQG6yimpxmTk0739EfQC71EMTTE"></a><a name="_9kR3WTr1AB478HG6yimpxmTk0739EfQC71EMTTE"></a><a name="_9kR3WTr2AA6GKMG6yimpxmTk0739EfQC71EMTTE"></a> refer to this Agreement as a whole.&nbsp;&nbsp;Unless the context otherwise requires, references herein:&nbsp;&nbsp;(x) to Articles, Sections, Disclosure Schedules and Exhibits<a name="_9kR3WTr2AA6GLNG6yimpxuquaWn3A6CHJ7u37YY"></a> mean the Articles and Sections of, and Disclosure Schedules and Exhibits<a name="_9kMJ5K6ZWu5777AHQ8wvjstvB"></a> attached to, this Agreement; (y) to an agreement<a name="_9kMJ6L6ZWu5777AHQ8wvjstvB"></a>, instrument or other document means such agreement, instrument or other document as amended, supplemented and modified from time to time to the extent permitted by the provisions thereof and (z) to a statute means such statute as amended from time to time and includes any successor legislation thereto and any regulations promulgated thereunder.&nbsp;&nbsp;This Agreement shall be construed without regard to any presumption or rule requiring construction or interpretation against the party drafting an instrument </p>
<p style="text-align:center;margin-top:12pt;margin-bottom:12pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">27</p>
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<p style="margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="_9kR3WTr2AA6GMhPhEDzuo19GG1dWsvs9I3B848a"></a>or causing any instrument to be drafted.&nbsp;&nbsp;</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The Disclosure Schedules and Exhibits</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> referred to herein shall be construed with, and as an integral part of, this Agreement to the same extent as if they were set forth verbatim herein.</font></p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;color:#000000;font-family:Times New Roman Bold;font-weight:bold;font-size:12pt;font-style:normal;text-transform:none;font-variant: normal;"><a name="_Toc26528214"></a><a name="_Toc28857591"></a><a name="_Toc30098449"></a><a name="_Toc31109102"></a><a name="_Toc31892948"></a><a name="a656949"></a>Section 8.04<font style="margin-left:36pt;"></font><font style="font-family:Times New Roman;color:#000000;">Headings</font></p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">.&nbsp;&nbsp;The headings in this Agreement are for reference only and shall not affect the interpretation of this Agreement.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;color:#000000;font-family:Times New Roman Bold;font-weight:bold;font-size:12pt;font-style:normal;text-transform:none;font-variant: normal;"><a name="_Toc26528215"></a><a name="_Toc28857592"></a><a name="_Toc30098450"></a><a name="_Toc31109103"></a><a name="_Toc31892949"></a><a name="a905298"></a>Section 8.05<font style="margin-left:36pt;"></font><font style="font-family:Times New Roman;color:#000000;">Severability</font></p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="_9kMHG5YVt4BB8IPjNeu1x3MNLybYy6074q1DISQ"></a><a name="_9kMHG5YVt4BB8IPjNeu1x3MNLybYy6074q1DISQ"></a>.&nbsp;&nbsp;If any term or provision of this Agreement is invalid, illegal or unenforceable in any jurisdiction, such invalidity, illegality or unenforceability shall not affect any other term or provision of this Agreement or invalidate or render unenforceable such term or provision in any other jurisdiction.&nbsp;&nbsp;Except as provided in Section 6.02(c), upon such determination that any term or other provision is invalid, illegal or unenforceable, the parties hereto shall negotiate in good faith to modify this Agreement so as to effect the original intent of the parties as closely as possible in a mutually acceptable manner in order that the transactions contemplated hereby be consummated as originally contemplated to the greatest extent possible.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;color:#000000;font-family:Times New Roman Bold;font-weight:bold;font-size:12pt;font-style:normal;text-transform:none;font-variant: normal;"><a name="_Toc26528216"></a><a name="_Toc28857593"></a><a name="_Toc30098451"></a><a name="_Toc31109104"></a><a name="_Toc31892950"></a><a name="a745079"></a>Section 8.06<font style="margin-left:36pt;"></font><font style="font-family:Times New Roman;color:#000000;">Entire Agreement</font></p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="_9kMI6M6ZWu5DD7FJNFokuyovKhSy5G13J"></a><a name="_9kMJ7M6ZWu5777AHQ8wvjstvB"></a><a name="_9kMJ8N6ZWu5777AHQ8wvjstvB"></a><a name="_9kMI6M6ZWu5DD7FJNFokuyovKhSy5G13J"></a>.&nbsp;&nbsp;This Agreement and the Ancillary Documents<a name="_9kMJ7M6ZWu5777AHQ8wvjstvB"></a> constitute the sole and entire agreement<a name="_9kMJ8N6ZWu5777AHQ8wvjstvB"></a> of the parties to this Agreement with respect to the subject matter contained herein and therein, and supersede all prior and contemporaneous understandings and agreements, both written and oral, with respect to such subject matter.&nbsp;&nbsp;</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;color:#000000;font-family:Times New Roman Bold;font-weight:bold;font-size:12pt;font-style:normal;text-transform:none;font-variant: normal;"><a name="_Toc26528217"></a><a name="_Toc28857594"></a><a name="_Toc30098452"></a><a name="_Toc31109105"></a><a name="_Toc31892951"></a><a name="a225739"></a>Section 8.07<font style="margin-left:36pt;"></font><font style="font-family:Times New Roman;color:#000000;">Successors and Assigns</font></p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">.&nbsp;&nbsp;This Agreement shall be binding upon and shall inure to the benefit of the parties hereto and their respective successors and permitted assigns.&nbsp;&nbsp;Neither party may assign its rights or obligations hereunder without the prior written consent of the other party, which consent shall not be unreasonably withheld or delayed, provided that no such consent shall be required with respect to any assignment to a third party acquirer of substantially all of a party&#8217;s business to which this Agreement relates; provided further, that such assignee assumes both the rights and obligations under this Agreement and the assigning party gives the other Party prompt notice of such assignment.&nbsp;&nbsp;No assignment shall relieve the assigning party of any of its obligations hereunder.&nbsp;&nbsp;</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;color:#000000;font-family:Times New Roman Bold;font-weight:bold;font-size:12pt;font-style:normal;text-transform:none;font-variant: normal;"><a name="_Toc26528218"></a><a name="_Toc28857595"></a><a name="_Toc30098453"></a><a name="_Toc31109106"></a><a name="_Toc31892952"></a><a name="a518180"></a><a name="_9kR3WTr266479bPlwsrpsCKdExyrwuvu4D1C"></a>Section 8.08<font style="margin-left:36pt;"></font><font style="font-family:Times New Roman;color:#000000;"><a name="_9kR3WTr266479bPlwsrpsCKdExyrwuvu4D1C"></a>No Third-Party Beneficiaries</font></p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">.&nbsp;&nbsp;This Agreement is for the sole benefit of the parties hereto and their respective successors and permitted assigns and nothing herein, express or implied, is intended to or shall confer upon any other Person or entity any legal or equitable right, benefit or remedy of any nature whatsoever under or by reason of this Agreement.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;color:#000000;font-family:Times New Roman Bold;font-weight:bold;font-size:12pt;font-style:normal;text-transform:none;font-variant: normal;"><a name="_Toc26528219"></a><a name="_Toc28857596"></a><a name="_Toc30098454"></a><a name="_Toc31109107"></a><a name="_Toc31892953"></a><a name="a375277"></a>Section 8.09<font style="margin-left:36pt;"></font><font style="font-family:Times New Roman;color:#000000;">Amendment and Modification; Waiver</font></p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="_9kMJ9O6ZWu5777AHQ8wvjstvB"></a><a name="_9kMJ9O6ZWu5777AHQ8wvjstvB"></a>.&nbsp;&nbsp;This Agreement may only be amended, modified or supplemented by an agreement in writing signed by each party hereto.&nbsp;&nbsp;No waiver by any party of any of the provisions hereof shall be effective unless explicitly set forth in writing and signed by the party so waiving.&nbsp;&nbsp;No waiver by any party shall operate or be construed as a waiver in respect of any failure, breach or default not expressly identified by such written waiver, whether of a similar or different character, and whether occurring before or after that waiver.&nbsp;&nbsp;No failure to exercise, or delay in exercising, any right, remedy, power or privilege arising from this Agreement shall operate or be construed as a waiver thereof; nor shall any single or partial exercise of any right, remedy, power or privilege hereunder preclude any other or further exercise thereof or the exercise of any other right, remedy, power or privilege.</p>
<p style="text-align:center;margin-top:12pt;margin-bottom:12pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">28</a></p>
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<p style="margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;color:#000000;font-family:Times New Roman Bold;font-weight:bold;font-size:12pt;font-style:normal;text-transform:none;font-variant: normal;"><a name="_Ref527484934"></a><a name="_Toc26528220"></a><a name="_Toc28857597"></a><a name="_Toc30098455"></a><a name="_Toc31109108"></a><a name="_Toc31892954"></a><a name="a69564"></a><a name="_9kR3WTr299786ZLcszv1MOHXTF63D565eTB4xD6"></a><a name="_AEIOULastRenderedPageBreakAEIOU32"></a><font style="color:#000000;font-family:Times New Roman Bold;font-weight:bold;font-size:12pt;font-style:normal;text-transform:none;font-variant: normal;">Section 8.10</font><font style="margin-left:36pt;"></font><font style="font-family:Times New Roman;color:#000000;">Governing Law; Submission to Jurisdiction; Waiver of Jury Trial</font></p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:7.69%;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="a345531"></a><a name="_9kMON5YVt46669IcCu"></a><a name="_9kMPO5YVt46669IcCu"></a>(a)<font style="margin-left:36pt;"></font><a name="_9kMON5YVt46669IcCu"></a>This Agreement shall be governed by and construed in accordance with the internal laws<a name="_9kMPO5YVt46669IcCu"></a> 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).</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:7.69%;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="a678423"></a>(b)<font style="margin-left:36pt;"></font>ANY LEGAL SUIT, ACTION OR PROCEEDING ARISING OUT OF OR BASED UPON THIS AGREEMENT, THE ANCILLARY DOCUMENTS OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY MAY BE INSTITUTED IN THE FEDERAL COURTS OF THE UNITED STATES OF AMERICA OR THE COURTS OF THE STATE OF DELAWARE IN EACH CASE LOCATED IN DELAWARE, AND EACH PARTY IRREVOCABLY SUBMITS TO THE EXCLUSIVE JURISDICTION OF SUCH COURTS IN ANY SUCH SUIT, ACTION OR PROCEEDING.&nbsp;&nbsp;THE PARTIES IRREVOCABLY AND UNCONDITIONALLY WAIVE ANY OBJECTION TO THE LAYING OF VENUE OF ANY SUIT, ACTION OR ANY PROCEEDING IN SUCH COURTS AND IRREVOCABLY WAIVE AND AGREE NOT TO PLEAD OR CLAIM IN ANY SUCH COURT THAT ANY SUCH SUIT, ACTION OR PROCEEDING BROUGHT IN ANY SUCH COURT HAS BEEN BROUGHT IN AN INCONVENIENT FORUM.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;color:#000000;font-family:Times New Roman Bold;font-weight:bold;font-size:12pt;font-style:normal;text-transform:none;font-variant: normal;"><a name="_Ref527484696"></a><a name="_Toc26528221"></a><a name="_Toc28857598"></a><a name="_Toc30098456"></a><a name="_Toc31109109"></a><a name="_Toc31892955"></a><a name="_9kR3WTr2996GHbLcszv1MOIkgznswxvda9B9ML5"></a><a name="a972153"></a>Section 8.11<font style="margin-left:36pt;"></font><font style="font-family:Times New Roman;color:#000000;">Specific Performance</font></p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="_9kMHzG6ZWu5777AJdDv"></a>.&nbsp;&nbsp;The parties agree that irreparable damage could occur if any provision of this Agreement, the License Agreement, the Support Agreement and each other Ancillary Document were not performed in accordance with the terms hereof and that the parties shall be entitled to seek <a name="_9kMHzG6ZWu5777AJdDv"></a>specific performance of the terms hereof, in addition to any other remedy to which they are entitled at law or in equity hereunder or thereunder.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;color:#000000;font-family:Times New Roman Bold;font-weight:bold;font-size:12pt;font-style:normal;text-transform:none;font-variant: normal;"><a name="_Toc26528222"></a><a name="_Toc28857599"></a><a name="_Toc30098457"></a><a name="_Toc31109110"></a><a name="_Toc31892956"></a><a name="a798485"></a>Section 8.12<font style="margin-left:36pt;"></font><font style="font-family:Times New Roman;color:#000000;">Counterparts</font></p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="_9kMJAP6ZWu5777AHQ8wvjstvB"></a><a name="_9kMJAP6ZWu5777AHQ8wvjstvB"></a>.&nbsp;&nbsp;This Agreement may be executed in counterparts, each of which shall be deemed an original, but all of which together shall be deemed to be one and the same agreement.&nbsp;&nbsp;A signed copy of this Agreement delivered by facsimile, e-mail or other means of electronic transmission shall be deemed to have the same legal effect as delivery of an original signed copy of this Agreement.</p>
<p style="text-align:center;margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">[SIGNATURE PAGE FOLLOWS]</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
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<table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse; width:100%;"></table></div>
<p style="text-align:center;margin-top:12pt;margin-bottom:12pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">29</a></p>
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<p style="margin-bottom:12pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
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<p style="margin-bottom:0pt;text-align:justify;margin-top:0pt;margin-left:0pt;;text-indent:36pt;;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="a254050"></a><a name="_AEIOULastRenderedPageBreakAEIOU33"></a><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed as of the date first written above by their respective officers thereunto duly authorized.</font><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </font></p>
<p style="margin-bottom:6pt;text-align:justify;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<p style="margin-bottom:6pt;text-align:justify;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td>
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<p style="margin-bottom:6pt;text-align:justify;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;">&nbsp;</p></td>
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<p style="margin-bottom:6pt;text-align:justify;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">SELLER:</p>
<p style="margin-bottom:6pt;text-align:justify;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:12pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Circle Media Labs Inc.</p>
<p style="margin-bottom:6pt;text-align:justify;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">By:<font style="text-decoration:underline;">&#160;&#160;/s/Andrew Olson</font></p>
<p style="margin-bottom:6pt;text-align:justify;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Name:&nbsp;&nbsp;Andrew Olson</p>
<p style="margin-bottom:0pt;text-align:justify;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Title:&nbsp;&nbsp;CEO</p></td>
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<p style="margin-bottom:0pt;text-align:justify;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;">&nbsp;</p></td>
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<p style="margin-bottom:6pt;text-align:justify;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<p style="margin-bottom:6pt;text-align:justify;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<p style="margin-bottom:6pt;text-align:justify;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">BUYER:</p>
<p style="margin-bottom:6pt;text-align:justify;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:12pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Smith Micro Software, Inc.<font style="font-weight:normal;"> </font></p></td>
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<p style="margin-bottom:0pt;text-align:justify;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;">&nbsp;</p></td>
<td valign="top"  style="width:50%;">
<p style="margin-bottom:6pt;text-align:justify;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">By:<font style="text-decoration:underline;">&#160;&#160;/s/Timothy C. Huffmyer</font></p>
<p style="margin-bottom:6pt;text-align:justify;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Name:&nbsp;&nbsp;Timothy C. Huffmyer</p>
<p style="margin-bottom:6pt;text-align:justify;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Title:&nbsp;&nbsp;CFO</p></td>
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<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:16pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Smith Micro Acquires Operator Business from </p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:16pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Circle Media Labs Inc.</p>
<p style="text-align:center;Background-color:#F9F9F9;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:normal;font-style:italic;font-size:14pt;font-family:Times New Roman;text-transform:none;font-variant: normal;">Acquisition brings together two industry-leading solutions to expand and further strengthen the SafePath<sup style="font-size:85%;line-height:120%;vertical-align:top">&#174;</sup> Connected Life Platform for cable, broadband, mobile and fixed line operators, and their customers, while adding two key customers to Smith Micro&#8217;s customer base</p>
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<p style="margin-top:15pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-family:Times New Roman;font-size:12pt;font-style:normal;text-transform:none;font-variant: normal;">PITTSBURGH, PA, February 13, 2020<font style="font-weight:normal;"> </font><font style="color:#000000;font-weight:normal;">&#8211; Smith Micro Software, Inc. </font><font style="font-weight:normal;">(</font><font style="text-decoration:underline;font-weight:normal;">NASDAQ: SMSI</font><font style="font-weight:normal;">) (&#8220;Smith Micro&#8221; or the &#8220;Company&#8221;) today announced that it has acquired the operator business of Circle Media Labs Inc. Pursuant to the transaction, Smith Micro has acquired certain assets, including customer contracts and a perpetual source code license to Circle&#8217;s robust parental control software. This newly acquired technology will further enhance Smith Micro&#8217;s SafePath<sup style="font-size:85%;line-height:120%;vertical-align:top">&#174;</sup> Connected Life Platform, providing a comprehensive connected life experience for </font><font style="text-decoration:underline;font-weight:normal;">Family Location and Parental Controls, IoT, and Home</font><font style="font-weight:normal;"> under a common experience.</font></p>
<p style="margin-top:15pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The acquisition expands the Smith Micro portfolio and will enhance the overall capabilities of the SafePath platform, combining two industry-leading solutions. The combined solutions will further bolster SafePath&#8217;s digital parenting value proposition in the operator marketplace with applications to optimize parental controls inside and outside of the home. </p>
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<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-style:italic;font-size:8pt;font-family:Cambria;font-weight:normal;text-transform:none;font-variant: normal;">Smith Micro Software<font style="margin-left:36pt;"></font><font style="font-size:12pt;font-style:normal;margin-left:36pt;"></font><font style="margin-left:36pt;"></font>Page 2</a> of 3</p>
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<p style="margin-top:15pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="_AEIOULastRenderedPageBreakAEIOU2"></a><font style="font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#8220;</font><font style="font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">I am very excited to announce </font><font style="font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">our </font><font style="font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">acquisition of </font><font style="font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Circle&#8217;s operator </font><font style="font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">business</font><font style="font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">. </font><font style="font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The transaction </font><font style="font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">diversifies</font><font style="font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> our customer base </font><font style="font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">and brings together</font><font style="font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> the best </font><font style="font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">product features </font><font style="font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">of two technology </font><font style="font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">leaders </font><font style="font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">to enhance o</font><font style="font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">u</font><font style="font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">r Connect</font><font style="font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">ed</font><font style="font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> Life Platform</font><font style="font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">,</font><font style="font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#8221;</font><font style="font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </font><font style="font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">said William W. Smith</font><font style="font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">, Jr.</font><font style="font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">, President and CEO of Smith Micro Software. &#8220;</font><font style="font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The transaction is a </font><font style="font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">win</font><font style="font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> for </font><font style="font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">both </font><font style="font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">c</font><font style="font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">ompanies as </font><font style="font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">it will </font><font style="font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">enable </font><font style="font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Smith Micro </font><font style="font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">to </font><font style="font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">continue </font><font style="font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">our </font><font style="font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">accelerate</font><font style="font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">d</font><font style="font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> growth</font><font style="font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> through the </font><font style="font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">m</font><font style="font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">obile </font><font style="font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">o</font><font style="font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">perator </font><font style="font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">space</font><font style="font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">, </font><font style="font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">while </font><font style="font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">allowing </font><font style="font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Circle</font><font style="font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> to focus their </font><font style="font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">strategic </font><font style="font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">efforts </font><font style="font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">on</font><font style="font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> the direct</font><font style="font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">-</font><font style="font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">to</font><font style="font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">-</font><font style="font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">consumer ma</font><font style="font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">r</font><font style="font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">ket.</font><font style="font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#8221;</font><font style="font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;</font></p>
<p style="margin-top:15pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;&#8220;At Circle, we&#8217;re constantly looking for ways to help the greatest number of families manage their digital lives at home or away, and one of the ways we&#8217;ve accomplished this is by working with broadband providers that customers trust,&#8221; said Andrew Olson, CEO of Circle. &#8220;We&#8217;re pleased to partner with Smith Micro, a respected global software provider, to help more parents seamlessly access the features they need to manage online content.&#8221; &#160;&#160;</p>
<p style="margin-top:15pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Mr. Smith concluded, &#8220;We look forward to working closely with Circle in the coming quarters as we integrate key enhancements to our SafePath platform, delivering a world-class family and home safety experience to our customers.&#8221; </p>
<p style="margin-top:15pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Pursuant to the terms of the transaction, Smith Micro acquired certain assets, including customer contracts and a perpetual software license for a purchase price of approximately $13.5 million in cash. In addition, with this acquisition, Smith Micro has added two key customers, T-Mobile USA and Sky, to the list of operators it serves. The operator business is expected to report 2019 revenue of $4 million. Further details will be released on Form 8-K as required and during the release of Smith Micro&#8217;s fiscal 2019 financial results. </p>
<p style="margin-top:15pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">B. Riley FBR, Inc. served as financial advisor, and Buchanan Ingersoll &amp; Rooney PC served as counsel to the Company.</p>
<p style="margin-top:15pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">For further information, please visit: <font style="text-decoration:underline;">SafePath Product Suite</font></p>
<p style="margin-top:18pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-family:Times New Roman;font-size:12pt;font-style:normal;text-transform:none;font-variant: normal;">About Smith Micro Software, Inc.</p>
<p style="margin-bottom:6pt;margin-top:6pt;text-indent:0%;font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="_AEIOULastRenderedPageBreakAEIOU3"></a>Smith Micro develops software to simplify and enhance the mobile experience, providing solutions to some of the leading wireless service providers and cable MSOs around the world.&#160;From enabling the family digital lifestyle to providing powerful voice messaging </p>
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<p style="margin-bottom:6pt;margin-top:6pt;font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">capabilities, our solutions enrich today&#8217;s connected lifestyles while creating new opportunities to engage consumers via smartphones and consumer IoT devices. The Smith Micro portfolio also includes a wide range of products for creating, sharing and monetizing rich content, such as visual voice messaging, optimizing retail content display and performing analytics on any product set. For more information, visit&#160;</font><font style="text-decoration:underline;">www.smithmicro.com</font><font style="text-decoration:underline;">.</font></p>
<p style="margin-top:15pt;margin-bottom:0pt;text-indent:0%;color:#000000;font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Smith Micro and the Smith Micro logo are registered trademarks or trademarks of Smith Micro Software, Inc. All other trademarks and product names are the property of their respective owners.</p>
<p style="margin-top:18pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-family:Times New Roman;font-size:12pt;font-style:normal;text-transform:none;font-variant: normal;">About Circle Media</p>
<p style="margin-top:6pt;margin-bottom:0pt;text-indent:0%;color:#000000;font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Circle, with offices in Portland, Oregon and Cypress, California,&#160;<font style="color:#222222;">is&#160;committed&#160;to its mission to make families&#8217; lives better, online and off.&#160;</font>We envision a world where families find balance, set healthy limits, build good habits, and get the best out of their digital experiences.</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:11pt;">&nbsp;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Circle Media Bureau</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;color:#0563C1;font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="text-decoration:underline;">press@meetcircle.com</font></p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">949-438-1088</p>
<p style="margin-top:18pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-style:italic;font-size:10pt;font-family:Times New Roman;text-transform:none;font-variant: normal;">Forward-Looking Statements</p>
<p style="margin-top:6pt;margin-bottom:0pt;text-indent:0%;font-style:italic;color:#242424;font-size:10pt;font-family:Times New Roman;font-weight:normal;text-transform:none;font-variant: normal;">Certain statements in this press release are forward-looking statements regarding future events or results, including statements related to the anticipated benefits to the Company of acquiring the Circle operator business and anticipated enhancements to our SafePath family of products and services, and statements using such words as &#8220;expect,&#8221; &#8220;anticipate,&#8221; &#8220;believe,&#8221; &#8220;plan,&#8221; &#8220;intend,&#8221; &#8220;could,&#8221; &#8220;will&#8221; and other similar expressions.&nbsp;&nbsp;Forward-looking statements involve risks and uncertainties, which could cause actual results to differ materially from those expressed or implied in the forward-looking statements.&nbsp;&nbsp;Among the important factors that could cause or contribute to such differences are our ability to integrate the acquired business with our existing operations, our ability to integrate the licensed software with our existing products, our ability to continue as a going concern, our ability to raise more funds to meet our capital needs, changes in demand for our products from our customers and their end-users, customer concentration, given that the majority of our sales depend on a few large customer relationships, new and changing technologies, customer acceptance and timing of deployment of those technologies, and our ability to compete effectively with other software and technology companies. These and other factors discussed in our filings with the Securities and Exchange Commission, including our filings on Forms 10-K and 10-Q, could cause actual results to differ materially from those expressed or implied in any forward-looking statements. The forward-looking statements contained in this release are made on the basis of the views and assumptions of management, and we do not undertake any obligation to update these statements to reflect events or circumstances occurring after the date of this release.</p></body>
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