<SEC-DOCUMENT>0001213900-18-003020.txt : 20180315
<SEC-HEADER>0001213900-18-003020.hdr.sgml : 20180315
<ACCEPTANCE-DATETIME>20180315161708
ACCESSION NUMBER:		0001213900-18-003020
CONFORMED SUBMISSION TYPE:	1-U
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20180312
ITEM INFORMATION:		Fundamental Changes
FILED AS OF DATE:		20180315
DATE AS OF CHANGE:		20180315

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			DatChat, Inc.
		CENTRAL INDEX KEY:			0001648960
		STANDARD INDUSTRIAL CLASSIFICATION:	TELEGRAPH & OTHER MESSAGE COMMUNICATIONS [4822]
		IRS NUMBER:				472502264
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		1-U
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	24R-00092
		FILM NUMBER:		18692586

	BUSINESS ADDRESS:	
		STREET 1:		65 CHURCH STREET
		STREET 2:		SECOND FLOOR
		CITY:			NEW BRUNSWICK
		STATE:			NJ
		ZIP:			08901
		BUSINESS PHONE:		7323544768

	MAIL ADDRESS:	
		STREET 1:		65 CHURCH STREET
		STREET 2:		SECOND FLOOR
		CITY:			NEW BRUNSWICK
		STATE:			NJ
		ZIP:			08901

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Dat Chat, Inc
		DATE OF NAME CHANGE:	20150722
</SEC-HEADER>
<DOCUMENT>
<TYPE>1-U
<SEQUENCE>1
<FILENAME>f1u031218_datchatinc.htm
<DESCRIPTION>CURRENT REPORT
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

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

<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 0; margin-bottom: 0"><DIV STYLE="font-size: 1pt; border-top: Black 2pt solid; border-bottom: Black 1pt solid; width: 100%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

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

<P STYLE="margin-top: 0; text-align: center; margin-bottom: 0; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>UNITED
STATES </B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>SECURITIES
AND EXCHANGE COMMISSION</B></FONT></P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>FORM
1-U</B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>CURRENT
REPORT PURSUANT TO REGULATION A</B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Date
of Report: March 12, 2018</B></FONT></P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>DATCHAT,
INC.</B></FONT></P>

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="width: 49%; text-align: center; border-bottom: Black 1.5pt solid; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Nevada</B></FONT></TD>
    <TD STYLE="width: 2%; padding-bottom: 1.5pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 49%; text-align: center; border-bottom: Black 1.5pt solid; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>47-2502264</B></FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>(State
    or other jurisdiction of incorporation</B></FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>(I.R.S.
    Employer Identification No.)</B></FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>or
    organization)</B></FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
</TABLE>


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>65
Church Street, Second Floor</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>New
Brunswick, New Jersey 08901</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>(Full
mailing address of principal executive offices)</B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>(732)
354-4766</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>(Issuer&rsquo;s
telephone number, including area code)</B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Title
of each class of securities issued pursuant to Regulation A: Common Stock</B></FONT></P>

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

<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 0; margin-bottom: 0"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid; border-bottom: Black 2pt solid; width: 100%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

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

<!-- Field: Page; Sequence: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0%; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.75in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Item
                                         1.</B></FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Fundamental
                                         Changes</B></FONT></TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><U>Merger
Agreement</U></B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">This
section describes the material provisions of the Merger Agreement (as defined below) but does not purport to describe all of the
terms thereof. The following summary is qualified in its entirety by reference to the complete text of the Merger Agreement, a
copy of which is attached hereto as Exhibit 6.1. Unless otherwise defined herein, the capitalized terms used below are defined
in the Merger Agreement.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>The
Merger</I></B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">On
March 12, 2018, DatChat, Inc., a Nevada corporation (&ldquo;<B>DatChat</B>&rdquo;), entered into an Agreement and Plan of Merger
(the &ldquo;<B>Merger Agreement</B>&rdquo;), by and among Spherix Incorporated, a Delaware corporation (&ldquo;<B>Spherix</B>&rdquo;),
Spherix Merger Subisdiary Inc., a Nevada corporation and a wholly-owned Subsidiary of Spherix (&ldquo;<B>Merger Sub</B>&rdquo;)
and Darin Myman in the capacity as the representative from and after the effective time of the Merger (the &ldquo;<B>Effective
Time</B>&rdquo;) for the stockholders of DatChat as of immediately prior to the Effective Time (the &ldquo;<B>Stockholder Representative</B>&rdquo;).</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Pursuant
to the Merger Agreement, subject to the terms and conditions set forth therein, at the closing of the transactions contemplated
by the Merger Agreement (the &ldquo;<B>Closing</B>&rdquo;), Merger Sub will merge with and into DatChat (the &ldquo;<B>Merger</B>&rdquo;),
with DatChat continuing as the surviving corporation in the Merger. Subject to the terms and conditions set forth in the Merger
Agreement, at the Effective Time: (i) all shares of capital stock of DatChat (the &ldquo;<B>DatChat Stock</B>&rdquo;) issued and
outstanding immediately prior to the Effective Time will be converted into the right to receive the Stockholder Merger Consideration
(as defined below).</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>Merger
Consideration</I></B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">At
or prior to the Closing, Spherix, the Stockholder Representative, and a mutually agreeable escrow agent (the &ldquo;<B><I>Escrow
Agent</I></B>&rdquo;), shall enter into an Escrow Agreement, effective as of the Effective Time, in form and substance reasonably
satisfactory to the Parties (the &ldquo;<B><I>Escrow Agreement</I></B>&rdquo;), pursuant to which Spherix shall deposit with the
Escrow Agent from the Stockholder Merger Consideration (as defined below) the following numbers of shares of Spherix common stock
(the sum of such amounts, the &ldquo;<B><I>Escrow Shares</I>&rdquo;</B>): (i) a number of shares Spherix common stock equal to
10% of the Stockholder Merger Consideration shares (including any equity securities paid as dividends or distributions with respect
to such shares or into which such shares are exchanged or converted, the &ldquo;<B>Indemnity Escrow Shares</B>&rdquo;), to be
held in a segregated escrow account (the &ldquo;<B>Indemnity Escrow Account</B>&rdquo;) and disbursed by the Escrow Agent and
(ii) a number of shares Spherix common stock equal 90% of the Stockholder Merger Consideration shares (including any equity securities
paid as dividends or distributions with respect to such shares or into which such shares are exchanged or converted, the &ldquo;<B>Distribution
Escrow Shares</B>&rdquo;), to be held in a segregated escrow account (the &ldquo;<B>Distribution Escrow Account)</B>&nbsp;and
disbursed by the Escrow Agent. Each stockholder of DatChat at the Effective Time (each, a &ldquo;<B>DatChat Stockholder</B>&rdquo;)
shall receive its pro rata share of the Stockholder Merger Consideration, less its pro rata portion of the Escrow Shares held
in the Escrow Account, based on the number of shares of DatChat Stock owned by such DatChat Stockholder as compared to the total
number of shares of DatChat Stock owned by all DatChat Stockholders as of immediately prior to the Effective Time. The Indemnity
Escrow Shares shall serve as a security for, and a source of payment of, the indemnity rights of the Spherix indemnified parties&rsquo;.
The Distribution Escrow Shares will be released from escrow over time in accordance with the schedule and restrictions as agreed
upon by Spherix and the Stockholder Representative and set forth in the Escrow Agreement. As consideration for the Merger, Spherix
shall deliver to the stockholders of DatChat an aggregate of 46,153,846 shares of Spherix common stock (the &ldquo;<B>Stockholder
Merger Consideration</B>&rdquo;), with each share of Spherix common stock valued at $1.30 per share.</FONT></P>

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

<!-- Field: Page; Sequence: 2; Options: NewSection; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->1<!-- Field: /Sequence -->-</TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>Representations
and Warranties</I></B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Merger Agreement contains customary representations and warranties by each of Spherix, DatChat and Merger Sub. Many of the representations
and warranties are qualified by materiality or Material Adverse Effect. &ldquo;<B>Material Adverse Effect</B>&rdquo; as used in
the Merger Agreement means any fact, event, occurrence, change or effect that has had or would reasonably be expected to have
a material adverse effect on the business, properties, assets, liabilities, condition (financial or otherwise), operations, licenses
or other franchises or results of operations of DatChat, or materially diminish the value of DatChat&rsquo;s capital stock, or
does or would reasonably be expected to materially impair or delay the ability of DatChat to perform its obligations under the
Merger Agreement or the ancillary documents or to consummate the transactions contemplated thereby, in each case subject to certain
customary exceptions. Certain of the representations are subject to specified exceptions and qualifications contained in the Merger
Agreement or in information provided pursuant to certain disclosure schedules to the Merger Agreement. The representations and
warranties made by Spherix, Merger Sub and DatChat survive the Closing for a period of 18 months.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>Indemnification</I></B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">From
and after the closing, DatChat Stockholders and their respective successors and assigns are required to severally indemnify Spherix,
and its affiliates and officers, directors, managers, employees, successors and permitted assigns from and against any losses
from (a) the breach of any of DatChat&rsquo;s representations and warranties, (b) the breach of any of DatChat&rsquo;s covenants,
(c) any actions by persons or entities who were holders of equity securities (including options, warrants, convertible securities
or other rights) of DatChat prior to the Closing arising out of the sale, purchase, termination, cancellation, expiration, redemption
or conversion of any such securities (d) any liabilities for taxes arising prior to the closing or (e) any liability of DatChat
incurred in the operation of the business on or prior to the closing</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">From
and after the closing, Spherix, Merger Sub and their respective successors and assigns are required to severally indemnify DatChat,
and its affiliates and officers, directors, managers, employees, successors and permitted assigns from and against any losses
from (a) the breach of any of Spherix and Merger Sub&rsquo;s representations and warranties, and (b) the breach of any of Spherix
and Merger Sub&rsquo;s covenants.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Except
for fraud-based claims, indemnification claims are subject to an aggregate basket of $100,000 before any indemnification claims
can be made, at which point all claims will be paid back to the first dollar. In any indemnification claim by a Spherix indemnified
party the Stockholder Representative will represent the DatChat Stockholders.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Indemnification
claims bay Spherix indemnified party will be limited to the escrow property in the Indemnity Escrow Account, first paid with the
Indemnity Escrow Shares and then with any other escrow Property. The aggregate maximum amount of indemnification is capped at
an amount equal to the value of 10% of the Stockholder Merger Consideration. The Indemnity Escrow Shares in the Escrow Account
will be released to the DatChat Stockholders, on a pro rata basis, after the 18 month anniversary of the Closing Date, except
for amounts withheld for unpaid or pending indemnification claims at that time. Such withheld amounts for unpaid or pending indemnification
claims, if any remain after payment of the related indemnification claims, will be released to the DatChat Stockholders, on a
pro rata basis, upon final resolution of all such pending indemnification claims.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>Covenants
of the Parties</I></B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Each
party agreed in the Merger Agreement to use its commercially reasonable efforts to effect the Closing. The Merger Agreement also
contains certain customary covenants by each of the parties during the period between the signing of the Merger Agreement and
the earlier of the Closing or the termination of the Merger Agreement in accordance with its terms (the &ldquo;<B>Interim Period</B>&rdquo;).</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Merger Agreement and the consummation of the transactions contemplated thereby requires the approval of both Spherix&rsquo;s stockholders
and DatChat&rsquo;s stockholders. Spherix agreed, as promptly as practicable after the date of the Merger Agreement, to prepare,
with the reasonable assistance of DatChat, and use its commercially reasonable efforts to file with the Securities and Exchange
Commission (the &ldquo;<B>SEC</B>&rdquo;), a registration statement on Form S-4 (as amended, the &ldquo;<B>Registration Statement</B>&rdquo;)
in connection with the registration under the Securities Act of 1933, as amended (the &ldquo;<B>Securities Act</B>&rdquo;) of
the issuance of shares of Spherix common stock to the DatChat stockholders, and containing a joint proxy statement/prospectus
for the purpose of (i) Spherix soliciting proxies from the stockholders of Spherix to approve the Merger Agreement, the transactions
contemplated thereby and related matters (the &ldquo;<B>Spherix Stockholder Approval</B>&rdquo;) at a special meeting of Spherix&rsquo;s
stockholders (the &ldquo;<B>Spherix Special Meeting</B>&rdquo;) and (ii) DatChat soliciting proxies from the stockholders of DatChat
to approve the Merger Agreement, the transactions contemplated thereby and related matters (the &ldquo;<B>DatChat Stockholder
Approval</B>&rdquo;) at a special meeting of DatChat&rsquo;s stockholders (the &ldquo;<B>DatChat Special Meeting</B>&rdquo;).</FONT></P>

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

<!-- Field: Page; Sequence: 3; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->2<!-- Field: /Sequence -->-</TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>Conditions
to Consummation of the Merger</I></B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
obligations of the parties to consummate the Merger is subject to various conditions, including the following mutual conditions
of the parties unless waived: (i) the effectiveness of the Registration Statement, (ii) the approval of the Merger Agreement and
the transactions contemplated thereby and related matters by the requisite vote of Spherix&rsquo;s stockholders and DatChat&rsquo;s
stockholders; (iii) receipt of requisite governmental approvals; (iv) no law or order preventing or prohibiting the Merger or
the other transactions contemplated by the Merger Agreement; and (v) no pending litigation to enjoin or restrict the consummation
of the Closing.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
addition, unless waived by DatChat, the obligations of DatChat to consummate the Merger are subject to the satisfaction of the
following Closing conditions, in addition to customary certificates and other closing deliveries:</FONT></P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
                                         representations and warranties of Spherix being true and correct as of the date of the
                                         Merger Agreement and as of the Closing (subject to Material Adverse Effect);</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Spherix
                                         having performed in all material respects its obligations and complied in all material
                                         respects with its covenants and agreements under the Merger Agreement required to be
                                         performed or complied with on or prior the date of the Closing; and</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Absence
                                         of any Material Adverse Effect with respect to Spherix since the date of the Merger Agreement
                                         which is continuing and uncured.</FONT></TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Unless
waived by Spherix, the obligations of Spherix and the Merger Sub to consummate the Merger are subject to the satisfaction of the
following Closing conditions, in addition to customary certificates and other closing deliveries:</FONT></P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
                                         representations and warranties of DatChat being true and correct as of the date of the
                                         Merger Agreement and as of the Closing (subject to Material Adverse Effect);</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">DatChat
                                         having performed in all material respects its obligations and complied in all material
                                         respects with its covenants and agreements under the Merger Agreement required to be
                                         performed or complied with on or prior to the Closing Date; and</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Absence
                                         of any Material Adverse Effect with respect to DatChat since the date of the Merger Agreement
                                         which is continuing and uncured.</FONT></TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>Termination</I></B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Merger Agreement may be terminated under certain customary and limited circumstances at any time prior to the Closing, including:</FONT></P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">by
                                         mutual written consent of Spherix and DatChat;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">by
                                         written notice by either Spherix or DatChat if the Closing has not occurred on or prior
                                         to November 15, 2018;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif">&#9679;</TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">by</FONT> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">written
                                                                                                                                                  notice by either Spherix or DatChat if a governmental authority of competent jurisdiction
                                                                                                                                                  shall have issued an order or taken any other action permanently restraining, enjoining
                                                                                                                                                  or otherwise prohibiting the transactions contemplated by the Merger Agreement, and such
                                                                                                                                                  order or other action has become final and non-appealable;&#9;</FONT></TD></TR>                                                                                                                                                                               <TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&#9679;</TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif">by written notice
                                                                                                                                                  by either party of the other party&rsquo;s uncured breach (subject to certain materiality
                                                                                                                                                  qualifiers);</TD></TR>
</TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">by
                                         written notice by Spherix if there has been a Material Adverse Effect on DatChat since
                                         the date of the Merger Agreement which is continuing and uncured;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">by
                                         written notice by Spherix or DatChat if Spherix holds the Spherix Special Meeting and
                                         it does not receive the Spherix Stockholder Approval; or</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">by
                                         written notice by Spherix or DatChat if DatChat holds the DatChat Special Meeting and
                                         it does not receive the DatChat Stockholder Approval.</FONT></TD></TR></TABLE>

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

<!-- Field: Page; Sequence: 4; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->3<!-- Field: /Sequence -->-</TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">If
the Merger Agreement is terminated, all further obligations of the parties under the Merger Agreement will terminate and will
be of no further force and effect (except that certain obligations related to public announcements, confidentiality, and termination
and certain general provisions will continue in effect), and no party will have any further liability to any other party thereto
except for liability for any fraud claims or willful breach of the Merger Agreement prior to such termination.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Participants
in the Solicitation</U></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Spherix
and DatChat and their respective directors, executive officers, other members of management, and employees, under SEC rules, may
be deemed to be participants in the solicitation of proxies of Spherix&rsquo;s stockholders in connection with the proposed transaction.&nbsp;&nbsp;<B>Investors
and security holders may obtain more detailed information in the Registration Statement to be filed with the SEC.</B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Forward
Looking Statements</U></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">Certain
statements made herein are not historical facts but are forward-looking statements for purposes of the safe harbor provisions
under The Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by words such
as &ldquo;may&rdquo;, &ldquo;should&rdquo;, &ldquo;would&rdquo;, &ldquo;plan&rdquo;, &ldquo;intend&rdquo;, &ldquo;anticipate&rdquo;,
&ldquo;believe&rdquo;, &ldquo;estimate&rdquo;, &ldquo;predict&rdquo;, &ldquo;potential&rdquo;, &ldquo;seem&rdquo;, &ldquo;seek&rdquo;,
&ldquo;continue&rdquo;, &ldquo;future&rdquo;, &ldquo;will&rdquo;, &ldquo;expect&rdquo;, &ldquo;outlook&rdquo; or other similar
words, phrases or expressions. These forward-looking statements include statements regarding Spherix&rsquo;s and DatChat&rsquo;s
industry, future events, the proposed transaction between the parties to the Merger Agreement, the estimated or anticipated future
results and benefits of the combined company following the transaction, including the likelihood and ability of the parties to
successfully consummate the proposed transaction, future opportunities for the combined company, and other statements that are
not historical facts. These statements are based on the current expectations of Spherix&rsquo;s management and are not predictions
of actual performance. These statements are subject to a number of risks and uncertainties regarding the businesses of Spherix
and DatChat and the transaction, and actual results may differ materially. These risks and uncertainties include, but are not
limited to, changes in the business environment in which Spherix or DatChat operates, including inflation and interest rates,
and general financial, economic, regulatory and political conditions affecting the industry in which Spherix or DatChat operates;
changes in taxes, governmental laws, and regulations; competitive product and pricing activity; difficulties of managing growth
profitably; the loss of one or more members of Spherix&rsquo;s or DatChat&rsquo;s management teams; the inability of the parties
to successfully or timely consummate the proposed transaction, including the risk that any required regulatory approvals are not
obtained, are delayed or are subject to unanticipated conditions that could adversely affect the combined company or the expected
benefits of the transaction or that the approval of the stockholders of Spherix or DatChat are not obtained; failure to realize
the anticipated benefits of the transaction, including as a result of a delay in consummating the transaction or a delay or difficulty
in integrating the businesses of Spherix and DatChat; uncertainty as to the long-term value of Spherix&rsquo;s common stock; those
discussed in the DatChat&rsquo;s Annual Reports and SemiAnnual Reports. There may be additional risks that DatChat presently does
not know or that DatChat currently believes are immaterial that could also cause actual results to differ from those contained
in the forward-looking statements. In addition, forward-looking statements provide DatChat&rsquo;s expectations, plans or forecasts
of future events and views as of the date of this communication. DatChat anticipates that subsequent events and developments will
cause DatChat&rsquo;s assessments to change. However, while DatChat may elect to update these forward-looking statements at some
point in the future, DatChat specifically disclaims any obligation to do so. These forward-looking statements should not be relied
upon as representing DatChat&rsquo;s assessments as of any date subsequent to the date of this communication.</FONT></P>

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

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="vertical-align: top; width: 9%; font: 10pt Times New Roman, Times, Serif; padding-right: 1pt; padding-left: 1pt; border-bottom: Black 1.5pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Exhibit<BR>

    No.</B></FONT></TD>
    <TD STYLE="vertical-align: top; width: 1%; font: 10pt Times New Roman, Times, Serif; padding-right: 1pt; padding-left: 1pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 90%; font: 10pt Times New Roman, Times, Serif; padding-right: 1pt; padding-left: 1pt; border-bottom: Black 1.5pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Description</B></FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">6.1&dagger;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 1pt; padding-left: 1pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="f1u031218ex6-1_datchat.htm">Agreement and Plan of Merger, dated as of March 12, 2018, by and among Spherix Incorporated, Spherix Merger Subsidiary Inc., DatChat, Inc. and Darin Myman</A></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&dagger;
The exhibits and schedules to this Exhibit have been omitted in accordance with Regulation S-K Item 601(b)(2). The Registrant
agrees to furnish supplementally a copy of all omitted exhibits and schedules to the Securities and Exchange Commission upon its
request.</FONT></P>

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

<!-- Field: Page; Sequence: 5; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->4<!-- Field: /Sequence -->-</TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Pursuant
to the requirements of Regulation A, the issuer has duly caused this report to be signed on its behalf by the undersigned, thereunto
duly authorized.</FONT></P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD>Date: March 15, 2018</TD>
    <TD COLSPAN="2"><B>DATCHAT, INC.</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 60%">&nbsp;</TD>
    <TD STYLE="width: 4%">By:</TD>
    <TD STYLE="width: 36%; border-bottom: Black 1.5pt solid">/s/ Darrin Myman</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Chief Executive Officer, Chief Financial Officer,<BR>
and Director</TD></TR>
</TABLE>


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt">-5-</P>

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

<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 0; margin-bottom: 0"><DIV STYLE="font-size: 1pt; border-top: Black 1.5pt solid; width: 100%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

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

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX1U-6 MAT CTRCT
<SEQUENCE>2
<FILENAME>f1u031218ex6-1_datchat.htm
<DESCRIPTION>AGREEMENT AND PLAN OF MERGER, DATED AS OF MARCH 12, 2018, BY AND AMONG SPHERIX INCORPORATED, SPHERIX MERGER SUBSIDIARY INC., DATCHAT, INC. AND DARIN MYMAN
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0; font: 10pt Times New Roman, Times, Serif; text-align: right"><B>Exhibit 6.1</B></P>

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

<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 0; margin-bottom: 0"><DIV STYLE="font-size: 1pt; border-top: Black 2pt solid; border-bottom: Black 1pt solid; width: 100%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

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

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

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

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 12pt">AGREEMENT
AND PLAN OF MERGER</FONT></P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>SPHERIX
INCORPORATED,</B><BR>
as Purchaser,</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>SPHERIX
MERGER SUBSIDIARY INC.,</B><BR>
as Merger Sub,</FONT></P>

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

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">DARIN
MYMAN,<BR>
<FONT STYLE="font-weight: normal">as the Stockholder Representative,</FONT></FONT></P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>DATCHAT,
INC</B><BR>
as the Company</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Dated
as of March 12, 2018</B></FONT></P>

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

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

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

<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 0; margin-bottom: 0"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid; border-bottom: Black 2pt solid; width: 100%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

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

<!-- Field: Page; Sequence: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

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

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

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

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="width: 91%; padding-right: 0; padding-left: 0in; text-indent: 0"><B>I. THE MERGER</B></TD>
    <TD STYLE="width: 1%; padding-right: 0; padding-left: 0; text-indent: 0"><B>&nbsp;</B></TD>
    <TD STYLE="text-align: center; width: 8%; padding-right: 0; padding-left: 0"><B>2</B></TD></TR>
<TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="font-weight: bold; padding-right: 0; padding-left: 0.125in; text-indent: 0">&nbsp;</TD>
    <TD STYLE="font-weight: bold; padding-right: 0; padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="font-weight: bold; padding-right: 0; padding-left: 0; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 0; padding-left: 0.125in; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-variant: small-caps">1.1.
    The Merger</FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-variant: small-caps">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; padding-right: 0; padding-left: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-variant: small-caps">2</FONT></TD></TR>
<TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="padding-right: 0; padding-left: 0.125in; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-variant: small-caps">1.2.
    Effective Time</FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-variant: small-caps">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; padding-right: 0; padding-left: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-variant: small-caps">2</FONT></TD></TR>
<TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 0; padding-left: 0.125in; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-variant: small-caps">1.3.
    Effect of the Merger</FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-variant: small-caps">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; padding-right: 0; padding-left: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-variant: small-caps">2</FONT></TD></TR>
<TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="padding-right: 0; padding-left: 0.125in; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-variant: small-caps">1.4.
    Merger Consideration</FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-variant: small-caps">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; padding-right: 0; padding-left: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-variant: small-caps">2</FONT></TD></TR>
<TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 0; padding-left: 0.125in; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-variant: small-caps">1.5.
    Effect of Merger on Company Securities</FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-variant: small-caps">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; padding-right: 0; padding-left: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-variant: small-caps">2</FONT></TD></TR>
<TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="padding-right: 0; padding-left: 0.125in; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-variant: small-caps">1.6.
    Governing Documents and Officers and Directors</FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-variant: small-caps">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; padding-right: 0; padding-left: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-variant: small-caps">3</FONT></TD></TR>
<TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 0; padding-left: 0.125in; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-variant: small-caps">1.7.
    Section 368 Reorganization</FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-variant: small-caps">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; padding-right: 0; padding-left: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-variant: small-caps">3</FONT></TD></TR>
<TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="padding-right: 0; padding-left: 0.125in; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-variant: small-caps">1.8.
    Further Actions</FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-variant: small-caps">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; padding-right: 0; padding-left: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-variant: small-caps">3</FONT></TD></TR>
<TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 0; padding-left: 0.125in; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-variant: small-caps">1.9.
    Escrow</FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-variant: small-caps">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; padding-right: 0; padding-left: 0">4</TD></TR>
<TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="padding-right: 0; padding-left: 0.125in; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-variant: small-caps">1.10.
    Surrender of Company Securities and Disbursement of Stockholder Merger Consideration</FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-variant: small-caps">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; padding-right: 0; padding-left: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-variant: small-caps">4</FONT></TD></TR>
<TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 0; padding-left: 0.125in; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="padding-right: 0; padding-left: 0in; text-indent: 0"><B>II. CLOSING</B></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0"><B>&nbsp;</B></TD>
    <TD STYLE="text-align: center; padding-right: 0; padding-left: 0"><B>5</B></TD></TR>
<TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 0; padding-left: 0.125in; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="padding-right: 0; padding-left: 0.125in; text-indent: 0"><FONT STYLE="font-variant: small-caps">2.1. Closing</FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; padding-right: 0; padding-left: 0"><FONT STYLE="font-variant: small-caps">5</FONT></TD></TR>
<TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 0; padding-left: 0.125in; text-indent: 0"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-align: center"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="padding-right: 0; padding-left: 0in; text-indent: 0"><B>III. REPRESENTATIONS AND WARRANTIES OF THE COMPANY</B></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0"><B>&nbsp;</B></TD>
    <TD STYLE="text-align: center; padding-right: 0; padding-left: 0"><B>5</B></TD></TR>
<TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 0; padding-left: 0.125in; text-indent: 0"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-align: center"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="padding-right: 0; padding-left: 0.125in; text-indent: 0"><FONT STYLE="font-variant: small-caps">3.1. Organization and
    Qualification</FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; padding-right: 0; padding-left: 0"><FONT STYLE="font-variant: small-caps">5</FONT></TD></TR>
<TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 0; padding-left: 0.125in; text-indent: 0"><FONT STYLE="font-variant: small-caps">3.2. Authorization; Corporate
    Documentation</FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; padding-right: 0; padding-left: 0">6</TD></TR>
<TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="padding-right: 0; padding-left: 0.125in; text-indent: 0"><FONT STYLE="font-variant: small-caps">3.3. Capitalization</FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; padding-right: 0; padding-left: 0"><FONT STYLE="font-variant: small-caps">6</FONT></TD></TR>
<TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 0; padding-left: 0.125in; text-indent: 0"><FONT STYLE="font-variant: small-caps">3.4. Non-Contravention</FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; padding-right: 0; padding-left: 0">7</TD></TR>
<TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="padding-right: 0; padding-left: 0.125in; text-indent: 0"><FONT STYLE="font-variant: small-caps">3.5. Financial Statements</FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; padding-right: 0; padding-left: 0"><FONT STYLE="font-variant: small-caps">7</FONT></TD></TR>
<TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 0; padding-left: 0.125in; text-indent: 0"><FONT STYLE="font-variant: small-caps">3.6. Absence of Liabilities</FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; padding-right: 0; padding-left: 0"><FONT STYLE="font-variant: small-caps">7</FONT></TD></TR>
<TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="padding-right: 0; padding-left: 0.125in; text-indent: 0"><FONT STYLE="font-variant: small-caps">3.7. Absence of Certain
    Changes</FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; padding-right: 0; padding-left: 0"><FONT STYLE="font-variant: small-caps">7</FONT></TD></TR>
<TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 0; padding-left: 0.125in; text-indent: 0"><FONT STYLE="font-variant: small-caps">3.8. Title to and Sufficiency
    of Assets</FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; padding-right: 0; padding-left: 0"><FONT STYLE="font-variant: small-caps">7</FONT></TD></TR>
<TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="padding-right: 0; padding-left: 0.125in; text-indent: 0"><FONT STYLE="font-variant: small-caps">3.9. Real Property</FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; padding-right: 0; padding-left: 0"><FONT STYLE="font-variant: small-caps">7</FONT></TD></TR>
<TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 0; padding-left: 0.125in; text-indent: 0"><FONT STYLE="font-variant: small-caps">3.10. Personal Property</FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; padding-right: 0; padding-left: 0"><FONT STYLE="font-variant: small-caps">8</FONT></TD></TR>
<TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="padding-right: 0; padding-left: 0.125in; text-indent: 0"><FONT STYLE="font-variant: small-caps">3.11. Intellectual Property</FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; padding-right: 0; padding-left: 0"><FONT STYLE="font-variant: small-caps">8</FONT></TD></TR>
<TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 0; padding-left: 0.125in; text-indent: 0"><FONT STYLE="font-variant: small-caps">3.12. Compliance with
    Laws</FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; padding-right: 0; padding-left: 0"><FONT STYLE="font-variant: small-caps">9</FONT></TD></TR>
<TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="padding-right: 0; padding-left: 0.125in; text-indent: 0"><FONT STYLE="font-variant: small-caps">3.13. Permits</FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; padding-right: 0; padding-left: 0"><FONT STYLE="font-variant: small-caps">10</FONT></TD></TR>
<TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 0; padding-left: 0.125in; text-indent: 0"><FONT STYLE="font-variant: small-caps">3.14. Litigation</FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; padding-right: 0; padding-left: 0"><FONT STYLE="font-variant: small-caps">10</FONT></TD></TR>
<TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="padding-right: 0; padding-left: 0.125in; text-indent: 0"><FONT STYLE="font-variant: small-caps">3.15. Contracts</FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; padding-right: 0; padding-left: 0"><FONT STYLE="font-variant: small-caps">10</FONT></TD></TR>
<TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 0; padding-left: 0.125in; text-indent: 0"><FONT STYLE="font-variant: small-caps">3.16. Tax Matters</FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; padding-right: 0; padding-left: 0"><FONT STYLE="font-variant: small-caps">11</FONT></TD></TR>
<TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="padding-right: 0; padding-left: 0.125in; text-indent: 0"><FONT STYLE="font-variant: small-caps">3.17. Employees and Labor
    Matters</FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; padding-right: 0; padding-left: 0"><FONT STYLE="font-variant: small-caps">12</FONT></TD></TR>
<TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 0; padding-left: 0.125in; text-indent: 0"><FONT STYLE="font-variant: small-caps">3.18. Benefit Plans</FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; padding-right: 0; padding-left: 0"><FONT STYLE="font-variant: small-caps">12</FONT></TD></TR>
<TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="padding-right: 0; padding-left: 0.125in; text-indent: 0"><FONT STYLE="font-variant: small-caps">3.19. Insurance</FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; padding-right: 0; padding-left: 0"><FONT STYLE="font-variant: small-caps">14</FONT></TD></TR>
<TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 0; padding-left: 0.125in; text-indent: 0"><FONT STYLE="font-variant: small-caps">3.20. Transactions with
    Related Persons</FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; padding-right: 0; padding-left: 0"><FONT STYLE="font-variant: small-caps">14</FONT></TD></TR>
<TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="padding-right: 0; padding-left: 0.125in; text-indent: 0"><FONT STYLE="font-variant: small-caps">3.21. Bank Accounts</FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; padding-right: 0; padding-left: 0"><FONT STYLE="font-variant: small-caps">14</FONT></TD></TR>
<TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 0; padding-left: 0.125in; text-indent: 0"><FONT STYLE="font-variant: small-caps">3.22. No Brokers</FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; padding-right: 0; padding-left: 0"><FONT STYLE="font-variant: small-caps">14</FONT></TD></TR>
<TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="padding-right: 0; padding-left: 0.125in; text-indent: 0"><FONT STYLE="font-variant: small-caps">3.23. Full Disclosure</FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; padding-right: 0; padding-left: 0"><FONT STYLE="font-variant: small-caps">15</FONT></TD></TR>
<TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 0; padding-left: 0.125in; text-indent: 0"><FONT STYLE="font-variant: small-caps">3.24. Registration Statement</FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; padding-right: 0; padding-left: 0"><FONT STYLE="font-variant: small-caps">15</FONT></TD></TR>
<TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="padding-right: 0; padding-left: 0.125in; text-indent: 0"><FONT STYLE="font-variant: small-caps">3.25. Reliance</FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; padding-right: 0; padding-left: 0"><FONT STYLE="font-variant: small-caps">15</FONT></TD></TR>
<TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 0; padding-left: 0.125in; text-indent: 0"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-align: center"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="padding-right: 0; padding-left: 0in; text-indent: 0"><B>IV. REPRESENTATIONS AND WARRANTIES OF THE PURCHASER AND MERGER
    SUB</B></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0"><B>&nbsp;</B></TD>
    <TD STYLE="text-align: center; padding-right: 0; padding-left: 0"><B>15</B></TD></TR>
<TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 0; padding-left: 0.125in; text-indent: 0"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-align: center"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="padding-right: 0; padding-left: 0.125in; text-indent: 0"><FONT STYLE="font-variant: small-caps">4.1. Organization and
    Qualification</FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; padding-right: 0; padding-left: 0"><FONT STYLE="font-variant: small-caps">15</FONT></TD></TR>
<TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 0; padding-left: 0.125in; text-indent: 0"><FONT STYLE="font-variant: small-caps">4.2. Authorization</FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; padding-right: 0; padding-left: 0"><FONT STYLE="font-variant: small-caps">16</FONT></TD></TR>
<TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="padding-right: 0; padding-left: 0.125in; text-indent: 0"><FONT STYLE="font-variant: small-caps">4.3. Non-Contravention</FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; padding-right: 0; padding-left: 0"><FONT STYLE="font-variant: small-caps">16</FONT></TD></TR>
<TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 0; padding-left: 0.125in; text-indent: 0"><FONT STYLE="font-variant: small-caps">4.4. Capitalization</FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; padding-right: 0; padding-left: 0"><FONT STYLE="font-variant: small-caps">16</FONT></TD></TR>
<TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="padding-right: 0; padding-left: 0.125in; text-indent: 0"><FONT STYLE="font-variant: small-caps">4.5. SEC Filings; Financial
    Statements</FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; padding-right: 0; padding-left: 0"><FONT STYLE="font-variant: small-caps">16</FONT></TD></TR>
<TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 0; padding-left: 0.125in; text-indent: 0"><FONT STYLE="font-variant: small-caps">4.6. Compliance with
    Laws</FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; padding-right: 0; padding-left: 0"><FONT STYLE="font-variant: small-caps">17</FONT></TD></TR>
<TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="padding-right: 0; padding-left: 0.125in; text-indent: 0"><FONT STYLE="font-variant: small-caps">4.7. No Brokers</FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; padding-right: 0; padding-left: 0"><FONT STYLE="font-variant: small-caps">17</FONT></TD></TR>
<TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 0; padding-left: 0.125in; text-indent: 0"><FONT STYLE="font-variant: small-caps">4.8. Litigation</FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; padding-right: 0; padding-left: 0"><FONT STYLE="font-variant: small-caps">17</FONT></TD></TR>
<TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="padding-right: 0; padding-left: 0.125in; text-indent: 0"><FONT STYLE="font-variant: small-caps">4.9. Labor Matters</FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; padding-right: 0; padding-left: 0"><FONT STYLE="font-variant: small-caps">17</FONT></TD></TR>
<TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 0; padding-left: 0.125in; text-indent: 0"><FONT STYLE="font-variant: small-caps">4.10. No Other Representations
    and Warranties</FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; padding-right: 0; padding-left: 0"><FONT STYLE="font-variant: small-caps">18</FONT></TD></TR>
<TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="padding-right: 0; padding-left: 0.125in; text-indent: 0"><FONT STYLE="font-variant: small-caps">4.11. Merger Sub</FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; padding-right: 0; padding-left: 0"><FONT STYLE="font-variant: small-caps">18</FONT></TD></TR>
</TABLE>
<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase">&nbsp;&nbsp;</P>

<!-- Field: Page; Sequence: 2; Options: NewSection -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt">-<!-- Field: Sequence; Type: LowerRoman; Name: PageNo -->i<!-- Field: /Sequence -->-</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

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

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 0; padding-left: 0.125in; text-indent: 0; width: 91%"><FONT STYLE="font-variant: small-caps">4.12. Absence of Certain
    Changes</FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0; width: 1%"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; padding-right: 0; padding-left: 0; width: 8%"><FONT STYLE="font-variant: small-caps">18</FONT></TD></TR>
<TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="padding-right: 0; padding-left: 0.125in; text-indent: 0"><FONT STYLE="font-variant: small-caps">4.13. Title to Assets</FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; padding-right: 0; padding-left: 0"><FONT STYLE="font-variant: small-caps">18</FONT></TD></TR>
<TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 0; padding-left: 0.125in; text-indent: 0"><FONT STYLE="font-variant: small-caps">4.14. Intellectual Property</FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; padding-right: 0; padding-left: 0"><FONT STYLE="font-variant: small-caps">18</FONT></TD></TR>
<TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="padding-right: 0; padding-left: 0.125in; text-indent: 0"><FONT STYLE="font-variant: small-caps">4.15. Tax Matters</FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; padding-right: 0; padding-left: 0"><FONT STYLE="font-variant: small-caps">19</FONT></TD></TR>
<TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 0; padding-left: 0.125in; text-indent: 0"><FONT STYLE="font-variant: small-caps">4.16. Insurance</FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; padding-right: 0; padding-left: 0"><FONT STYLE="font-variant: small-caps">19</FONT></TD></TR>
<TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="padding-right: 0; padding-left: 0.125in; text-indent: 0"><FONT STYLE="font-variant: small-caps">4.17. Full Disclosure</FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; padding-right: 0; padding-left: 0"><FONT STYLE="font-variant: small-caps">19</FONT></TD></TR>
<TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 0; padding-left: 0.125in; text-indent: 0"><FONT STYLE="font-variant: small-caps">4.18. Registration Statement;
    Proxy Statement/Prospectus</FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; padding-right: 0; padding-left: 0"><FONT STYLE="font-variant: small-caps">19</FONT></TD></TR>
<TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="padding-right: 0; padding-left: 0.125in; text-indent: 0"><FONT STYLE="font-variant: small-caps">4.19. Reliance</FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; padding-right: 0; padding-left: 0">20</TD></TR>
<TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 0; padding-left: 0.125in; text-indent: 0"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-align: center"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="padding-right: 0; padding-left: 0in; text-indent: 0"><B>V. COVENANTS</B></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0"><B>&nbsp;</B></TD>
    <TD STYLE="text-align: center; padding-right: 0; padding-left: 0"><B>20</B></TD></TR>
<TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 0; padding-left: 0.125in; text-indent: 0"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-align: center"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="padding-right: 0; padding-left: 0.125in; text-indent: 0"><FONT STYLE="font-variant: small-caps">5.1. Conduct of Business
    of the Company</FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; padding-right: 0; padding-left: 0"><FONT STYLE="font-variant: small-caps">20</FONT></TD></TR>
<TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 0; padding-left: 0.125in; text-indent: 0"><FONT STYLE="font-variant: small-caps">5.2. Conduct of Business
    by the Purchaser</FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; padding-right: 0; padding-left: 0"><FONT STYLE="font-variant: small-caps">22</FONT></TD></TR>
<TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="padding-right: 0; padding-left: 0.125in; text-indent: 0"><FONT STYLE="font-variant: small-caps">5.3. Further Assurances</FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; padding-right: 0; padding-left: 0"><FONT STYLE="font-variant: small-caps">22</FONT></TD></TR>
<TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 0; padding-left: 0.125in; text-indent: 0"><FONT STYLE="font-variant: small-caps">5.4. Confidentiality</FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; padding-right: 0; padding-left: 0"><FONT STYLE="font-variant: small-caps">23</FONT></TD></TR>
<TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="padding-right: 0; padding-left: 0.125in; text-indent: 0"><FONT STYLE="font-variant: small-caps">5.5. Publicity</FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; padding-right: 0; padding-left: 0"><FONT STYLE="font-variant: small-caps">23</FONT></TD></TR>
<TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 0; padding-left: 0.125in; text-indent: 0"><FONT STYLE="font-variant: small-caps">5.6. Litigation Support</FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; padding-right: 0; padding-left: 0"><FONT STYLE="font-variant: small-caps">23</FONT></TD></TR>
<TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="padding-right: 0; padding-left: 0.125in; text-indent: 0"><FONT STYLE="font-variant: small-caps">5.7. The Registration
    Statement</FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; padding-right: 0; padding-left: 0"><FONT STYLE="font-variant: small-caps">23</FONT></TD></TR>
<TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 0; padding-left: 0.125in; text-indent: 0"><FONT STYLE="font-variant: small-caps">5.8. Purchaser Board
    of Directors</FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; padding-right: 0; padding-left: 0"><FONT STYLE="font-variant: small-caps">24</FONT></TD></TR>
<TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="padding-right: 0; padding-left: 0.125in; text-indent: 0"><FONT STYLE="font-variant: small-caps">5.9. Escrow Agreement</FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; padding-right: 0; padding-left: 0"><FONT STYLE="font-variant: small-caps">24</FONT></TD></TR>
<TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 0; padding-left: 0.125in; text-indent: 0"><FONT STYLE="font-variant: small-caps">5.10. Access to Information</FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; padding-right: 0; padding-left: 0"><FONT STYLE="font-variant: small-caps">24</FONT></TD></TR>
<TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="padding-right: 0; padding-left: 0.125in; text-indent: 0"><FONT STYLE="font-variant: small-caps">5.11. Reasonable Efforts</FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; padding-right: 0; padding-left: 0"><FONT STYLE="font-variant: small-caps">25</FONT></TD></TR>
<TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 0; padding-left: 0.125in; text-indent: 0"><FONT STYLE="font-variant: small-caps">5.12. Directors' and
    Officers' Indemnification</FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; padding-right: 0; padding-left: 0"><FONT STYLE="font-variant: small-caps">25</FONT></TD></TR>
<TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="padding-right: 0; padding-left: 0.125in; text-indent: 0"><FONT STYLE="font-variant: small-caps">5.13. Notification; Updates
    to Company Disclosure Schedule</FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; padding-right: 0; padding-left: 0"><FONT STYLE="font-variant: small-caps">26</FONT></TD></TR>
<TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 0; padding-left: 0.125in; text-indent: 0"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-align: center"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="padding-right: 0; padding-left: 0in; text-indent: 0"><B>VI. INDEMNIFICATION</B></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0"><B>&nbsp;</B></TD>
    <TD STYLE="text-align: center; padding-right: 0; padding-left: 0"><B>27</B></TD></TR>
<TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 0; padding-left: 0.125in; text-indent: 0"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-align: center"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="padding-right: 0; padding-left: 0.125in; text-indent: 0"><FONT STYLE="font-variant: small-caps">6.1. Survival</FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; padding-right: 0; padding-left: 0"><FONT STYLE="font-variant: small-caps">27</FONT></TD></TR>
<TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 0; padding-left: 0.125in; text-indent: 0"><FONT STYLE="font-variant: small-caps">6.2. Indemnification</FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; padding-right: 0; padding-left: 0"><FONT STYLE="font-variant: small-caps">27</FONT></TD></TR>
<TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="padding-right: 0; padding-left: 0.125in; text-indent: 0"><FONT STYLE="font-variant: small-caps">6.3. Payment from Escrow
    Account</FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; padding-right: 0; padding-left: 0"><FONT STYLE="font-variant: small-caps">28</FONT></TD></TR>
<TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 0; padding-left: 0.125in; text-indent: 0"><FONT STYLE="font-variant: small-caps">6.4. Limitations and
    General Indemnification Provisions</FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; padding-right: 0; padding-left: 0"><FONT STYLE="font-variant: small-caps">28</FONT></TD></TR>
<TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="padding-right: 0; padding-left: 0.125in; text-indent: 0"><FONT STYLE="font-variant: small-caps">6.5. Indemnification
    Procedures</FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; padding-right: 0; padding-left: 0"><FONT STYLE="font-variant: small-caps">29</FONT></TD></TR>
<TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 0; padding-left: 0.125in; text-indent: 0"><FONT STYLE="font-variant: small-caps">6.6. Exclusive Remedy</FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; padding-right: 0; padding-left: 0"><FONT STYLE="font-variant: small-caps">30</FONT></TD></TR>
<TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="padding-right: 0; padding-left: 0.125in; text-indent: 0"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-align: center"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 0; padding-left: 0in; text-indent: 0"><B>VII. CLOSING CONDITIONS</B></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0"><B>&nbsp;</B></TD>
    <TD STYLE="text-align: center; padding-right: 0; padding-left: 0"><B>30</B></TD></TR>
<TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="padding-right: 0; padding-left: 0.125in; text-indent: 0"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-align: center"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 0; padding-left: 0.125in; text-indent: 0"><FONT STYLE="font-variant: small-caps">7.1. Conditions of Each
    Party&rsquo;s Obligations</FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; padding-right: 0; padding-left: 0"><FONT STYLE="font-variant: small-caps">30</FONT></TD></TR>
<TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="padding-right: 0; padding-left: 0.125in; text-indent: 0"><FONT STYLE="font-variant: small-caps">7.2. Conditions to Obligations
    of the Company</FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; padding-right: 0; padding-left: 0"><FONT STYLE="font-variant: small-caps">31</FONT></TD></TR>
<TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 0; padding-left: 0.125in; text-indent: 0"><FONT STYLE="font-variant: small-caps">7.3. Conditions to Obligations
    of the Purchaser</FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; padding-right: 0; padding-left: 0"><FONT STYLE="font-variant: small-caps">33</FONT></TD></TR>
<TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="padding-right: 0; padding-left: 0.125in; text-indent: 0"><FONT STYLE="font-variant: small-caps">7.4. Frustration of Conditions</FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; padding-right: 0; padding-left: 0"><FONT STYLE="font-variant: small-caps">33</FONT></TD></TR>
<TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 0; padding-left: 0.125in; text-indent: 0"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-align: center"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="padding-right: 0; padding-left: 0in; text-indent: 0"><B>VIII. TERMINATION AND EXPENSES</B></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0"><B>&nbsp;</B></TD>
    <TD STYLE="text-align: center; padding-right: 0; padding-left: 0"><B>34</B></TD></TR>
<TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 0; padding-left: 0.125in; text-indent: 0"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-align: center"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="padding-right: 0; padding-left: 0.125in; text-indent: 0"><FONT STYLE="font-variant: small-caps">8.1. Termination</FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; padding-right: 0; padding-left: 0"><FONT STYLE="font-variant: small-caps">33</FONT></TD></TR>
<TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 0; padding-left: 0.125in; text-indent: 0"><FONT STYLE="font-variant: small-caps">8.2. Effect of Termination</FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; padding-right: 0; padding-left: 0"><FONT STYLE="font-variant: small-caps">35</FONT></TD></TR>
<TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="padding-right: 0; padding-left: 0.125in; text-indent: 0"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-align: center"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 0; padding-left: 0in; text-indent: 0"><B>IX. GENERAL PROVISIONS</B></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0"><B>&nbsp;</B></TD>
    <TD STYLE="text-align: center; padding-right: 0; padding-left: 0"><B>35</B></TD></TR>
<TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="padding-right: 0; padding-left: 0.125in; text-indent: 0"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-align: center"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 0; padding-left: 0.125in; text-indent: 0"><FONT STYLE="font-variant: small-caps">9.1. Notices</FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; padding-right: 0; padding-left: 0"><FONT STYLE="font-variant: small-caps">35</FONT></TD></TR>
<TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="padding-right: 0; padding-left: 0.125in; text-indent: 0"><FONT STYLE="font-variant: small-caps">9.2. Fees and Expenses</FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; padding-right: 0; padding-left: 0"><FONT STYLE="font-variant: small-caps">35</FONT></TD></TR>
<TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 0; padding-left: 0.125in; text-indent: 0"><FONT STYLE="font-variant: small-caps">9.3. Severability</FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; padding-right: 0; padding-left: 0"><FONT STYLE="font-variant: small-caps">35</FONT></TD></TR>
<TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="padding-right: 0; padding-left: 0.125in; text-indent: 0"><FONT STYLE="font-variant: small-caps">9.4. Assignment</FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; padding-right: 0; padding-left: 0"><FONT STYLE="font-variant: small-caps">36</FONT></TD></TR>
<TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 0; padding-left: 0.125in; text-indent: 0"><FONT STYLE="font-variant: small-caps">9.5. No Third-Party Beneficiaries</FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; padding-right: 0; padding-left: 0"><FONT STYLE="font-variant: small-caps">36</FONT></TD></TR>
<TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="padding-right: 0; padding-left: 0.125in; text-indent: 0"><FONT STYLE="font-variant: small-caps">9.6. Amendment; Waiver</FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; padding-right: 0; padding-left: 0"><FONT STYLE="font-variant: small-caps">36</FONT></TD></TR>
<TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 0; padding-left: 0.125in; text-indent: 0"><FONT STYLE="font-variant: small-caps">9.7. Entire Agreement</FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; padding-right: 0; padding-left: 0"><FONT STYLE="font-variant: small-caps">36</FONT></TD></TR>
<TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="padding-right: 0; padding-left: 0.125in; text-indent: 0"><FONT STYLE="font-variant: small-caps">9.8. Remedies</FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; padding-right: 0; padding-left: 0"><FONT STYLE="font-variant: small-caps">36</FONT></TD></TR>
<TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 0; padding-left: 0.125in; text-indent: 0"><FONT STYLE="font-variant: small-caps">9.9. Dispute Resolution</FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; padding-right: 0; padding-left: 0"><FONT STYLE="font-variant: small-caps">37</FONT></TD></TR>
<TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="padding-right: 0; padding-left: 0.125in; text-indent: 0"><FONT STYLE="font-variant: small-caps">9.10. Governing Law;
    Jurisdiction</FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; padding-right: 0; padding-left: 0"><FONT STYLE="font-variant: small-caps">37</FONT></TD></TR>
<TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 0; padding-left: 0.125in; text-indent: 0"><FONT STYLE="font-variant: small-caps">9.11. Waiver of Jury
    Trial</FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; padding-right: 0; padding-left: 0"><FONT STYLE="font-variant: small-caps">38</FONT></TD></TR>
<TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="padding-right: 0; padding-left: 0.125in; text-indent: 0"><FONT STYLE="font-variant: small-caps">9.12. Interpretation</FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; padding-right: 0; padding-left: 0"><FONT STYLE="font-variant: small-caps">38</FONT></TD></TR>
<TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 0; padding-left: 0.125in; text-indent: 0"><FONT STYLE="font-variant: small-caps">9.13. Specific Performance</FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; padding-right: 0; padding-left: 0"><FONT STYLE="font-variant: small-caps">38</FONT></TD></TR>
<TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="padding-right: 0; padding-left: 0.125in; text-indent: 0"><FONT STYLE="font-variant: small-caps">9.14. Counterparts</FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; padding-right: 0; padding-left: 0"><FONT STYLE="font-variant: small-caps">39</FONT></TD></TR>
<TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 0; padding-left: 0.125in; text-indent: 0"><FONT STYLE="font-variant: small-caps">9.15. Stockholder Representative</FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; padding-right: 0; padding-left: 0"><FONT STYLE="font-variant: small-caps">39</FONT></TD></TR>
<TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="padding-right: 0; padding-left: 0.125in; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 0; padding-left: 0in; text-indent: 0"><B><U>EXHIBITS:</U></B></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: middle; background-color: White">
    <TD STYLE="padding-right: 0; padding-left: 0in; text-indent: 0">A&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Definitions</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-align: center">A-1</TD></TR>
<TR STYLE="vertical-align: middle; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 0; padding-left: 0in; text-indent: 0">B&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Form of Articles of Merger</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-align: center">B-1</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

<!-- Field: Page; Sequence: 3 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt">-<!-- Field: Sequence; Type: LowerRoman; Name: PageNo -->ii<!-- Field: /Sequence -->-</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">This
AGREEMENT AND PLAN OF MERGER (this &ldquo;<B><I>Agreement</I></B>&rdquo;), is made and entered into as of March 12, 2018, by and
among (i) SPHERIX INCORPORATED, a Delaware corporation (&ldquo;<B><I>Purchaser</I></B>&rdquo;), (ii) SPHERIX MERGER SUBISDIARY
INC., a Nevada corporation and a wholly-owned Subsidiary of Purchaser (&ldquo;<B><I>Merger Sub</I></B>&rdquo;), (iii) Darin Myman
in the capacity as the representative from and after the Effective Time (as defined below) for the stockholders of the Company
as of immediately prior to the Effective Time in accordance with the terms and conditions of this Agreement (the &ldquo;<B><I>Stockholder
Representative</I></B>&rdquo;) and (iv) DATCHAT, INC a Nevada corporation (the &ldquo;<B><I>Company</I></B>&rdquo;).</FONT></P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>WHEREAS</B>,
the Company, directly and indirectly through its subsidiaries, is engaged in the design and development of a mobile-based messaging
application, DatChat Messenger, which offers a traditional messaging platform, while providing users with complete privacy and
control features for their sent messages;</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>WHEREAS</B>,
the Purchaser owns all of the issued and outstanding shares of equity securities of Merger Sub, which was formed for the sole
purpose of the Merger (as defined below);</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>WHEREAS</B>,
the Parties intend to effect the merger of the Merger Sub with and into the Company, with the Company continuing as the surviving
entity (the &ldquo;<B><I>Merger</I></B>&rdquo;), as a result of which all of the issued and outstanding capital stock of the Company,
immediately prior to the Effective Time, shall no longer be outstanding and shall automatically be cancelled and retired and shall
cease to exist, and each certificate or other instrument previously representing any such shares shall thereafter represent the
right to receive a Pro Rata Share (as defined herein) of the Stockholder Merger Consideration (as defined herein), all upon the
terms and subject to the conditions set forth in this Agreement and in accordance with the applicable provisions of the Nevada
Revised Statues (as amended, &ldquo;<B><I>NRS</I></B>&rdquo;), all in accordance with the terms of this Agreement;</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>WHEREAS</B>,
the boards of directors of the Company, the Purchaser and Merger Sub have each (i) determined that the Merger is fair, advisable
and in the best interests of their respective companies and stockholders and (ii) approved this Agreement and the transactions
contemplated hereby, including the Merger, upon the terms and subject to the conditions set forth herein;</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>WHEREAS</B>,
the boards of directors of each of the Company, the Purchaser and Merger Sub have determined to recommend to their respective
stockholders the approval and adoption of this Agreement and the transactions contemplated hereby, including the Merger;</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>WHEREAS</B>,
the Parties intend that the Merger will qualify as a tax-free &ldquo;reorganization&rdquo; within the meaning of Section 368(a)
of the Code (as defined herein); and</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>WHEREAS</B>,
certain capitalized terms used herein are defined in <U>Exhibit A</U>.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>NOW,
THEREFORE</B>, in consideration of the premises set forth above and the respective representations, warranties, covenants and
agreements herein contained and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged,
and intending to be legally bound hereby, the parties hereto hereby agree as follows:</FONT></P>

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

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

<!-- Field: Page; Sequence: 4; Options: NewSection; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->1<!-- Field: /Sequence -->-</TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

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

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">ARTICLE
I<BR>
THE MERGER</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.1. <B>The
Merger.</B> At the Effective Time and subject to and upon the terms and conditions of this Agreement and the applicable provisions
of the NRS. Merger Sub and the Company shall consummate the Merger, pursuant to which Merger Sub shall merge with and into the
Company, the separate corporate existence of Merger Sub shall cease and the Company shall continue as the surviving corporation
in the Merger. The Company, as the surviving corporation after the Merger, is hereinafter sometimes referred to as the &ldquo;<B><I>Surviving
Corporation</I></B>&rdquo;.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.2. <B>Effective
Time.</B> Subject to the conditions of this Agreement, the parties shall cause the Merger to be consummated by filing articles
of merger in the form attached as <U>Exhibit B</U> hereto (the &ldquo;<B><I>Articles of Merger</I></B>&rdquo;) with the Secretary
of State of the State of Nevada in accordance with the applicable provisions of the NRS. The Merger will become effective upon
such filing with the Secretary of State of the State of Nevada or at such later date or time as may be agreed by the Purchaser
and the Company in writing and specified in the Articles of Merger (the effective time of the Merger being hereinafter referred
to as the &ldquo;<B><I>Effective Time</I></B>&rdquo;).</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.3. <B>Effect
of the Merger.</B> At the Effective Time, the effect of the Merger shall be as provided in this Agreement and the applicable provisions
of the NRS and other applicable Law. Without limiting the generality of the foregoing, and subject thereto, at the Effective Time
all the property, rights, agreements, privileges, powers and franchises of Merger Sub and the Company shall vest in the Surviving
Corporation, and all debts, liabilities, obligations and duties of Merger Sub and the Company shall become the debts, liabilities,
obligations and duties of the Surviving Corporation, including in each case the rights and obligations of each such party under
this Agreement and the other Ancillary Documents from and after the Effective Time.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.4. <B>Merger
Consideration.</B> As consideration for the Merger, Purchaser shall deliver to the Company Stockholders an aggregate of 46,153,846
shares of Purchaser Common Stock (the &ldquo;<B><I>Stockholder Merger Consideration</I></B>&rdquo;), with each share of Purchaser
Common Stock valued at the Purchaser Common Stock Price. Each Stockholder shall receive its pro rata share of the Stockholder
Merger Consideration based on the number of shares of Company Common Stock owned by such Company Stockholder as compared to the
total number of shares of Company Common Stock owned by all Company Stockholders (with any shares of Company Preferred Stock calculated
on an as-converted to Company Common Stock basis) as of immediately prior to the Effective Time (such proportion being such Stockholder&rsquo;s
&ldquo;<B><I>Pro Rata Share</I></B>&rdquo;).</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.5. <B>Effect
of Merger on Merger Sub and Company Securities.</B> At the Effective Time, by virtue of the Merger and without any action on the
part of any party hereto or any other Person:</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a) Subject
to <U>Section 1.5(b)</U>, all shares of capital stock of the Company issued and outstanding immediately prior to the Effective
Time will be cancelled and automatically deemed for all purposes to represent the right to receive, in the aggregate for all shares
of capital stock of the Company, the Stockholder Merger Consideration, with each Stockholder receiving its Pro Rata Share of the
Stockholder Merger Consideration with respect to its shares of capital stock of the Company, without interest. As of the Effective
Time, each Company Stockholder shall cease to have any other rights with respect to the capital stock of the Company, except the
right to receive is Pro Rata Share of the Stockholder Merger Consideration in accordance with and subject to the terms and conditions
set forth in this Agreement.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<!-- Field: Page; Sequence: 5; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->2<!-- Field: /Sequence -->-</TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b) Notwithstanding
<U>Section 1.5(a)</U> or any other provision of this Agreement to the contrary, at the Effective Time, if there are any shares
of capital stock of the Company that are owned by the Company as treasury shares or by any direct or indirect Subsidiary of the
Company immediately prior to the Effective Time, such shares of Company capital stock shall be canceled and extinguished without
any conversion thereof or payment therefor.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(c) all
options, warrants and other rights to acquire shares of capital stock of the Company, and all other securities that are convertible
into or exchangeable for shares of capital stock of the Company, including, without limitation, the Company Notes and the Company
Warrants, in each case, that are issued and outstanding immediately prior to the Effective Time will be cancelled and terminated
as of the Effective Time and the holders thereof shall no longer have the right to acquire, convert into or be exchanged for shares
of capital stock of the Company.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(d) Each
share of capital stock of Merger Sub outstanding immediately prior to the Effective Time shall be converted into an equal number
of shares of common stock of the Surviving Corporation, with the same rights, powers and privileges as the shares so converted
and shall constitute the only outstanding shares of capital stock of the Surviving Corporation.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.6. <B>Governing
Documents and Officers and Directors.</B> At the Effective Time, upon the consummation of the Merger, each of the Articles of
Incorporation and Bylaws of the Merger Sub in effect immediately prior to the Merger shall become the Articles of Incorporation
and Bylaws of the Surviving Corporation until thereafter amended in accordance with the provisions therein and as provided in
the NRS. At the Effective Time, (i) the directors of the Surviving Corporation shall be the directors of Merger Sub immediately
prior to the Merger and (ii) the executive officers of the Surviving Corporation shall be the executive officers of the Company
immediately prior to the Merger.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.7. <B>Section
368 Reorganization.</B> For U.S. federal income Tax purposes, the Merger is intended to constitute a &ldquo;reorganization&rdquo;
within the meaning of Section 368(a) of the Code. The parties hereby (a) adopt this Agreement as a &ldquo;plan of reorganization&rdquo;
within the meaning of Section 1.368-2(g) of the United States Treasury Regulations, (b) agree to file and retain such information
as shall be required under Section 1.368-3 of the United States Treasury Regulations, and (c) agree to file all Tax and other
informational returns on a basis consistent with such characterization. Each party acknowledges and agrees that such party (i)
has had the opportunity to obtain independent legal and tax advice with respect to the transactions contemplated by this Agreement,
and (ii) is responsible for paying its own Taxes, including any adverse Tax consequences that may result if the Merger is determined
not to qualify as a reorganization under Section 368 of the Code.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.8. <B>Further
Actions.</B> If, at any time after the Effective Time, any further action is necessary or desirable to carry out the purposes
of this Agreement and to vest the Surviving Corporation with full right, title and possession to all assets, property, rights,
privileges, powers and franchises of Merger Sub and the Company, the officers and directors of Surviving Corporation are fully
authorized in the name of the Surviving Corporation, Merger Sub and the Company to take, and will take, all such lawful and necessary
action, so long as such action is not inconsistent with this Agreement.</FONT></P>

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

<!-- Field: Page; Sequence: 6; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->3<!-- Field: /Sequence -->-</TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.9. <B>Escrow</B>.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a) At
or prior to the Closing, the Purchaser, the Stockholder Representative, and a mutually agreeable escrow agent (the &ldquo;<B><I>Escrow
Agent</I></B>&rdquo;), shall enter into an Escrow Agreement, effective as of the Effective Time, in form and substance reasonably
satisfactory to the Parties (the &ldquo;<B><I>Escrow Agreement</I></B>&rdquo;), pursuant to which the Purchaser shall deposit
from the Stockholder Merger Consideration the following numbers of shares of Purchaser Common Stock (the sum of such amounts,
the &ldquo;<B><I>Escrow Shares</I>&rdquo;</B>) with the Escrow Agent: (i) a number of shares Purchaser Common Stock equal to ten
percent (10%) of the Stockholder Merger Consideration (including any equity securities paid as dividends or distributions with
respect to such shares or into which such shares are exchanged or converted, the &ldquo;<B><I>Indemnity Escrow Shares</I></B>&rdquo;);
to be held and disbursed by the Escrow Agent in a segregated escrow account (the &ldquo;<B><I>Indemnity Escrow Account</I></B>&rdquo;)
in accordance with the terms of hereof and the Escrow Agreement; and (ii) a number of shares Purchaser Common Stock equal to ninety
percent (90%) of the Stockholder Merger Consideration (including any equity securities paid as dividends or distributions with
respect to such shares or into which such shares are exchanged or converted, the &ldquo;<B><I>Distribution Escrow Shares</I></B>&rdquo;),
to be held and disbursed by the Escrow Agent in a segregated escrow account (the &ldquo;<B><I>Distribution Escrow Account</I></B>).
The Escrow Shares shall be allocated among the Company Stockholders pro rata based on their respective Pro Rata Shares. The Indemnity
Escrow Shares shall serve as a security for, and a source of payment of, the Indemnified Parties&rsquo; indemnity rights pursuant
to <U>ARTICLE VI</U>. The Distribution Escrow Shares shall be released from escrow over time, in accordance with the schedule
and restrictions as agreed upon by the Purchaser and the Stockholder representative and set forth in the Escrow Agreement. Unless
otherwise required by Law, all distributions made from the Escrow Account shall be treated by the Parties as an adjustment to
the number of shares of Stockholder Merger Consideration received by the Company Stockholders pursuant to <U>ARTICLE I</U> hereof.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b) The
Indemnity Escrow Shares shall no longer be subject to any indemnification claim after the date which is 18 months after the Closing
Date (the &ldquo;<B><I>Expiration Date</I></B>&rdquo;); provided, however, with respect to any indemnification claims made in
accordance with <U>ARTICLE VI</U> hereof prior to the Expiration Date that remain unresolved at the time of the Expiration Date
(&ldquo;<B><I>Pending Claims</I></B>&rdquo;), all or a portion of the Indemnity Escrow Shares reasonably necessary to satisfy
such Pending Claims (as determined based on the amount of the indemnification claim included in the Claim Notice provided by the
Purchaser under <U>ARTICLE VI</U> and the Purchaser Common Stock Price) shall remain in the Indemnity Escrow Account until such
time as such Pending Claim shall have been finally resolved pursuant to the provisions of <U>ARTICLE VI</U>. After the Expiration
Date, any remaining Indemnity Escrow Shares remaining in the Indemnity Escrow Account that are not subject to Pending Claims,
if any, shall be disbursed by the Escrow Agent to the Company Stockholders that have previously delivered the Transmittal Documents
to the Escrow Agent in accordance with <U>Section 1.10</U> with each such Company Stockholder receiving its Pro Rate Share of
such Indemnity Escrow Shares (and any dividends, distributions or other income thereon). Promptly after the final resolution of
all Pending Claims and payment of all indemnification obligations in connection therewith, the Escrow Agent shall disburse any
remaining Indemnity Escrow Shares remaining in the Indemnity Escrow Account to the Exchange Agent for distribution to the Company
Stockholders, with each Company Stockholder receiving its Pro Rata Share of such Indemnity Escrow Shares (and any dividends, distributions
or other income thereon).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.10. <B>Surrender
of Company Securities and Disbursement of Stockholder Merger Consideration.</B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a) Prior
to the Effective Time, the Purchaser shall appoint Continental Stock Transfer &amp; Trust Company or another agent reasonably
acceptable to the Company (the &ldquo;<B><I>Exchange Agent</I></B>&rdquo;) for the purpose of exchanging the Purchaser stock certificates
representing Company Common Stock (&ldquo;<B><I>Company Certificates</I></B>&rdquo;). At or prior to the Effective Time, the Purchaser
shall deposit, or cause to be deposited, with the Exchange Agent (i) the Stockholder Merger Consideration (less the Escrow Shares)
to be paid in respect of the Company Certificates, in each case in accordance with each Company Stockholder&rsquo;s Pro Rata Share,
and (ii) the Indemnity Escrow Shares into the Indemnity Escrow Account and the Distribution Escrow Shares into the Distribution
Escrow Account in accordance with <U>Section 1.9</U>, as appropriate. Promptly after the Effective Time, the Purchaser shall send,
or shall cause the Exchange Agent to send, to each Company Stockholder, a letter of transmittal for use in such exchange (a &ldquo;<B><I>Letter
of Transmittal</I></B>&rdquo;) (which shall specify that the delivery shall be effected, and risk of loss and title shall pass,
only upon proper delivery of the Company Certificates to the Exchange Agent) for use in such exchange.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<!-- Field: Page; Sequence: 7; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->4<!-- Field: /Sequence -->-</TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b) Each
Company Stockholder shall be entitled to receive its Pro Rata Share of the Stockholder Merger Consideration (less the Escrow Shares)
in respect of the Company Common Stock represented by the Company Certificate(s), as soon as reasonably practicable, upon delivery
to the Exchange Agent of the following items (collectively, the &ldquo;<B><I>Transmittal Documents</I></B>&rdquo;): the Company
Certificate(s) for its Company Common Stock, together with a properly completed and duly executed Letter of Transmittal and such
other documents as may be reasonably requested by the Exchange Agent. Until so surrendered, each Company Certificate shall represent
after the Effective Time for all purposes only the right to receive such portion of the Stockholder Merger Consideration.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">ARTICLE
II<BR>
CLOSING</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2.1. <B>Closing.
</B>The closing of the transactions contemplated by this Agreement (the &ldquo;<B><I>Closing</I></B>&rdquo;) will take place at
the offices of Ellenoff, Grossman &amp; Schole LLP, 1345 Avenue of the Americas, New York, NY 10105, on a date and at a time to
be agreed upon by the Purchaser and the Company, which date shall be no later than the second (2nd) Business Day after all the
Closing conditions to this Agreement have been satisfied or waived. By mutual agreement of the parties the Closing may take place
by conference call and facsimile (or other electronic transmission of signature pages) with exchange of original signatures by
overnight mail. The date on which the Closing actually occurs will be referred to as the &ldquo;<B><I>Closing Date</I></B>&rdquo;.
The parties agree that to the extent permitted by applicable Law and GAAP, the Closing will be deemed effective as of the Effective
Time on the Closing Date.</FONT></P>

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

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">ARTICLE
III<BR>
REPRESENTATIONS AND WARRANTIES OF THE COMPANY</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Company represents and warrants to the Purchaser that the statements contained in this <U>ARTICLE III</U>, and the information
in the Disclosure Schedules that relates to and modifies the Sections within this <U>ARTICLE III</U> to the extent it is reasonably
apparent on the face of such disclosure that such disclosure is applicable to such Section, are true and correct as of the Closing
Date, except to the extent that a representation and warranty contained in this <U>ARTICLE III</U> expressly states that such
representation and warranty is current as of an earlier date and then such statements contained in this <U>ARTICLE III</U> are
true and correct as of such earlier date:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3.1. <B>Organization
and Qualification. </B>The Company is a corporation duly incorporated, validly existing and in good standing under the laws of
the State of Nevada. The Company has full corporate power and authority to own the assets owned by it and conduct its business
as and where it is being conducted by it, and is duly licensed or qualified to do business and in good standing as a foreign entity
in all jurisdictions in which its assets or the operation of its business makes such licensing or qualification necessary, except
for such failures to be licensed or qualified or in good standing that individually or in the aggregate that has not and would
not reasonably be expected to have a Material Adverse Effect. The Company does not have and has never had any Subsidiaries, and
does not own or have any rights to acquire, directly or indirectly, any capital stock or other equity interests of any Person,
and the Company is not a participant in any joint venture, partnership or similar arrangement. During the past five (5) years,
the Company has not been known by or used any corporate, fictitious or other name in the conduct of its business or in connection
with the use or operation of its assets.</FONT></P>

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

<!-- Field: Page; Sequence: 8; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->5<!-- Field: /Sequence -->-</TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3.2. <B>Authorization;
Corporate Documentation. </B>The Company has full corporate power and authority to enter into this Agreement and the Ancillary
Documents to which it is or is required to be a party and to consummate the transactions contemplated hereby and thereby and to
perform its obligations hereunder and thereunder. The execution and delivery of this Agreement and the Ancillary Documents and
the consummation of the transactions contemplated hereby and thereby have been duly authorized by all necessary corporate action
on the part of the Company, including requisite board of directors&rsquo; approval of the Company. Each of this Agreement and
each Ancillary Document to which the Company is or is required to be a party has been duly executed and delivered by the Company
and constitutes a legal, valid and binding obligation of the Company, enforceable against the Company in accordance with its terms,
except as the enforceability thereof may be limited by the Enforceability Exceptions. The copies of the Governing Documents of
the Company, as amended to date, copies of which have heretofore been delivered to Purchaser, are true, complete and correct copies
of the Governing Documents of the Company, as amended through and in effect on the date hereof. The minute books and records of
the proceedings of the Company, copies of which have been delivered to Purchaser, are true, correct and complete in all material
respects.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3.3.&#9;<B>Capitalization.
</B> (a)&#9;The Company is authorized to issue 180,000,000 shares of Company Common Stock, 24,345,606 of which shares are issued
and outstanding, and the Company is authorized to issue 20,000,000 shares of Company Preferred stock, none of which shares are
issued and outstanding. All of the issued and outstanding capital stock of the Company (i) have been duly and validly issued,
(ii) are fully paid and non-assessable and (iii) were not issued in violation of any preemptive rights or rights of first refusal
or first offer. Except for the Company Warrants and the Convertible Notes set forth on <U>Schedule 3.3</U>, there are no issued
or outstanding options, warrants or other rights to subscribe for or purchase any equity interests of the Company or securities
convertible into or exchangeable for, or that otherwise confer on the holder any right to acquire any equity securities of the
Company, or preemptive rights or rights of first refusal or first offer with respect to the equity securities of the Company,
nor are there any Contracts, commitments, understandings, arrangements or restrictions to which the Company, or to the Knowledge
of the Company, any stockholder, is a party or bound relating to any equity securities of the Company, whether or not outstanding.
There are no outstanding or authorized stock appreciation, phantom stock or similar rights with respect to the Company, nor are
there any voting trusts, proxies, stockholder agreements or any other agreements or understandings with respect to the voting
of the equity securities of the Company. All of the equity securities of the Company have been granted, offered, sold and issued
in compliance with all applicable corporate and securities Laws.</FONT></P>

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

<!-- Field: Page; Sequence: 9; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->6<!-- Field: /Sequence -->-</TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3.4. <B>Non-Contravention.
</B>Except as set forth on <U>Schedule 3.4</U>, neither the execution, delivery and performance of this Agreement or any Ancillary
Documents by the Company, nor the consummation of the transactions contemplated hereby or thereby, will (a) violate or conflict
with, any provision of the Governing Documents of the Company, (b) violate or conflict with any Law or Order to which the Company,
its assets or equity interests are bound or subject, (c) with or without giving notice or the lapse of time or both, breach or
conflict with, constitute or create a default under, or give rise to any right of termination, cancellation or acceleration of
any obligation or result in a loss of a material benefit under, or give rise to any obligation of the Company to make any payment
under, or to the increased, additional, accelerated or guaranteed rights or entitlements of any Person under, any of the terms,
conditions or provisions of any Contract, agreement, or other commitment to which the Company is a party or by which the Company,
its assets or equity interests may be bound, (d) result in the imposition of a Lien (other than a Permitted Lien) on any equity
interests or any assets of the Company or (e) require any filing with, or Permit, consent or approval of, or the giving of any
notice to, any Governmental Authority or other Person; except with respect to clauses (b), (c), (d) and (e) where such violations,
conflicts, defaults, Liens and failures to obtain Permits and consents, individually and in the aggregate, are not and would not
reasonably be expected to be material to the Company and do not and would not reasonably be expected to materially impair the
Company&rsquo;s ability to consummate the transactions contemplated by this Agreement and the Ancillary Documents or perform its
obligations hereunder or thereunder.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3.5. <B>Financial
Statements.</B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a) As
used herein, the term &ldquo;<B><I>Financial Statements</I></B>&rdquo; means the unaudited financial statements of the Company
(including, in each case, any related notes thereto), consisting of the balance sheet of the Company as of June 30, 2017 (the
&ldquo;<B><I>Balance Sheet Date</I></B>&rdquo;), and the related unaudited income statements, changes in stockholders&rsquo; equity
and statements of cash flows for the period then ended and the audited financial statements of the Company (including, in each
case, any related notes thereto), consisting of the balance sheet of the Company as of December 31, 2016 and the related audited
income statements, changes in stockholders&rsquo; equity and statements of cash flows for the year then ended. True and correct
copies of the Financial Statements have been provided to the Purchaser. The Financial Statements (i) accurately reflect the books
and records of the Company as of the times and for the periods referred to therein, (ii) were prepared in accordance with GAAP,
consistently applied throughout and among the periods involved (except that the unaudited statements exclude the footnote disclosures
and other presentation items required for GAAP and exclude year-end adjustments which will not be material in amount), and (iii)
fairly present in all material respects the financial position of the Company as of the respective dates thereof and the results
of the operations and cash flows of the Company for the periods indicated.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b) Except
as set forth on <U>Schedule 3.5(b)</U>, the Company has no Indebtedness.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3.6. <B>Absence
of Liabilities.</B> Except as set forth on <U>Schedule 3.6</U>, the Company is not subject to any Liabilities or obligations (whether
or not required to be reflected on a balance sheet prepared in accordance with GAAP), except for those that are either (i) adequately
reflected or reserved on or provided for in the balance sheet of the Company as of the Balance Sheet Date contained in the Financial
Statements or (ii) not material and that were incurred after the Balance Sheet Date in the ordinary course of business consistent
with past practice (other than Liabilities for breach of any Contract or violation of any Law).</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3.7. <B>Absence
of Certain Changes.</B> Except as set forth on <U>Schedule 3.7</U>, since the Balance Sheet Date: (a) the Company has conducted
its business only in the Ordinary Course of Business, and (b) there has not been a Material Adverse Effect. Without limiting the
foregoing, except as set forth on <U>Schedule 3.7</U>, since the Balance Sheet Date, the Company has not entered into any Contract,
made any commitment or incurred any Liability in excess of $50,000.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3.8. <B>Title
to and Sufficiency of Assets.</B> The Company has good and marketable title to all of its assets, free and clear of all Liens
other than Permitted Liens. The assets (including Contractual rights and Intellectual Property rights) of the Company constitute
all of the assets, rights and properties that are used in the operation of the Company&rsquo;s business as it is now conducted
or that are used or held by the Company for use in the operation of its business, and taken together, are adequate and sufficient
for the operation of the Company&rsquo;s business as currently conducted. Immediately following the Closing, all of the assets
of the Company will be owned, leased or available for use by the Company on terms and conditions substantially identical to those
under which, immediately prior to the Closing, the Company owns, leases, uses or holds available for use such assets.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3.9. <B>Real
Property</B>. The Company has provided to the Purchaser with a true and complete copy of each of all current leases, lease guarantees,
agreements and documents, including all amendments, terminations and modifications thereof or waivers thereto, relating to all
premises currently leased or subleased by the Company (collectively, the &ldquo;<B><I>Company Real Property Leases</I></B>&rdquo;),
and in the case of any oral Company Real Property Lease, a written summary of the material terms of such Company Real Property
Lease. The Company Real Property Leases are valid, binding and enforceable in accordance with their terms and are in full force
and effect. To the Knowledge of the Company, no event has occurred which (whether with or without notice, lapse of time or both
or the happening or occurrence of any other event) would constitute a default on the part of the Company or any other party under
any of the Company Real Property Leases, and the Company has not received written or, to the Knowledge of the Company, oral notice
of any such condition. The Company does not own or has ever owned any real property or any interest in real property (other than
the leasehold interests in the Company Real Property Leases).</FONT></P>

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

<!-- Field: Page; Sequence: 10; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->7<!-- Field: /Sequence -->-</TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3.10. <B>Personal
Property</B>. The Personal Property which is currently owned, used or leased by the Company is, in the aggregate, suitable for
its intended use in the business of the Company.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3.11. <B>Intellectual
Property.</B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a) <U>Schedule
3.11(a)</U> sets forth a true and complete list of (i) all registrations of Intellectual Property (and applications therefor)
necessary to conduct the business of the Company as presently conducted, specifying as to each item, as applicable: (A) the nature
of the item, including the title, (B) the owner of the item, (C) the jurisdictions in which the item is issued or registered or
in which an application for issuance or registration has been filed and the status of each such application and (D) the issuance,
registration or application numbers and dates; and (ii) all unregistered material Intellectual Property necessary to conduct the
business of the Company as presently conducted (clauses (i) and (ii), collectively with any immaterial unregistered Intellectual
Property owned by the Company that may not be set forth on <U>Schedule 3.11(a)</U>, the, &ldquo;<B><I>Owned IP</I></B>&rdquo;).
All registered Owned IP has been duly registered with, filed in, issued by or applied for with, as the case may be, the United
States Patent and Trademark Office or such other appropriate filing offices, and all such registrations, filings, issuances, applications
and other actions remain valid, in full force and effect, and are current, not abandoned, and not expired.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b) <U>Schedule
3.11(b)</U> sets forth a true and complete list of all Software developed in whole or in part by or on behalf of the Company,
including such developed Software and databases that are operated or used by the Company on its websites or used by the Company
or otherwise material to the Company&rsquo;s business (collectively, &ldquo;<B><I>Company Software</I></B>&rdquo;). Except for
&ldquo;click wrapped&rdquo;, &ldquo;shrink wrapped&rdquo; or &ldquo;off-the-shelf&rdquo; software that is generally available
to the public for use for a license of $2,000 or less (&ldquo;<B><I>Click Wrapped Software</I></B>&rdquo;), the Company Software
is the only Software that is used or held for use by or otherwise material to the business of the Company.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(c) The
Owned IP and Company Software includes all of the material Intellectual Property used in the business of the Company. The Company
does not license any Intellectual Property which is material to the business of the Company. Except as otherwise set forth on
<U>Schedule 3.11(c)</U>, to the Knowledge of the Company, the Company&rsquo;s ownership and use in the Ordinary Course of Business
of the Owned IP and the Company Software do not infringe upon or misappropriate the valid Intellectual Property rights, privacy
rights or right of publicity of any third party. To the Knowledge of the Company, the Company is the owner of the entire and unencumbered
right, title and interest in and to each item of the Owned IP, and the Company Software, and the Company is entitled to use, and
is using in its business, the Owned IP, and the Company Software, in the Ordinary Course of Business. To the Knowledge of the
Company, each of the Owned IP, and the Company Software is subsisting, valid and enforceable, and has not been adjudged invalid
or unenforceable in whole or in part.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<!-- Field: Page; Sequence: 11; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->8<!-- Field: /Sequence -->-</TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(d) Except
as otherwise set forth on <U>Schedule 3.11(d)</U>, no Actions have been asserted against the Company and are not disposed of,
or are pending or, to the Knowledge of the Company, threatened against the Company: (i) based upon or challenging or seeking to
deny, enjoin or restrict, in whole or in part, the use by the Company of any Owned IP and the Company Software; (ii) alleging
that the Company&rsquo;s products or services provided by or processes used by the Company infringe upon or misappropriate any
Intellectual Property right or Software of any third party; (iii) alleging that any Intellectual Property licensed to the Company
infringes upon any Intellectual Property right or Software of any third party or is being licensed or sublicensed to the Company
in conflict with the terms of any license or other agreement; or (iv) challenging the Company&rsquo;s ownership, or the validity
or enforceability, of the Owned IP, and the Company Software. To the Knowledge of the Company, no Person is engaged in any activity
that infringes upon the Owned IP or the Company Software. Except as set forth on <U>Schedule 3.11(d)</U> or licenses granted to
customers in the Ordinary Course of Business under the Company&rsquo;s standard click-through terms of use licenses, the Company
has not granted any license or other right currently outstanding to any third party with respect to the Owned IP, or the Company
Software.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(e) To
the Knowledge of the Company, the Company has the right to use all Software development tools, processing tools, library functions,
compilers and other third party Software, source code, object code and/or documentation that is material to the Company&rsquo;s
business or that is required to operate or modify the Company Software.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(f) The
Company have taken commercially reasonable steps to maintain the confidentiality of its Trade Secrets and other confidential Intellectual
Property and, to the Company&rsquo;s Knowledge, (i) there has been no misappropriation of any Trade Secrets or other material
confidential Intellectual Property of the Company by any current or former employee, independent contractor or agent of the Company,
or to the Knowledge of the Company, by any other Person; (ii) no current or former employee, independent contractor or agent of
the Company has misappropriated any trade secrets of any other Person in the course of his or her performance as an employee,
independent contractor or agent of the Company or has any claim to any of the Intellectual Property of the Company; and (iii)
no current or former employee, independent contractor or agent of the Company is in default or breach of any term of any employment
agreement, non-disclosure agreement, assignment of invention agreement, work-for-hire agreement, non-compete obligation or similar
agreement or contract relating in any way to the protection, ownership, development, use or transfer of Intellectual Property.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(g) To
the Knowledge of the Company, the Company&rsquo;s collection, storage, use, processing and dissemination of personal computer
information and personally identifiable information in connection with its business has been conducted in accordance with all
applicable Laws relating to privacy, data security and data protection that are binding on the Company and all applicable privacy
policies adopted by or on behalf of the Company.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3.12. <B>Compliance
with Laws.</B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a) The
Company is in compliance with, and has complied, in all material respects with all Laws, including consumer protection Laws, and
Orders applicable to the Company, its assets, employees, business or equity securities. None of the operation, activity, conduct
and transactions of the Company or the ownership, operation, use or possession of its assets or the employment of its employees
materially violates, or with or without the giving of notice or passage of time, or both, will materially violate, conflict with
or result in a material default, right to accelerate or loss of rights under, any terms or provisions of any Law or Order to which
the Company is a party or by which the Company or its assets, business, employees or equity securities may be bound or affected.
The Company has not received any written or, to the Knowledge of the Company, oral notice of any actual or alleged violation of
or non-compliance with applicable Laws by the Company.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<!-- Field: Page; Sequence: 12; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->9<!-- Field: /Sequence -->-</TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b) Neither
the Company, nor any of its directors or officers, nor, to the Knowledge of the Company, any other Representative acting on behalf
of the Company, is currently identified on the specially designated nationals or other blocked person list or otherwise currently
subject to any U.S. sanctions administered by OFAC. Neither the Company, nor any of its officers, directors or employees, nor
to the Knowledge of the Company, any other Representative acting on its behalf, has (i) used any funds for unlawful contributions,
gifts, entertainment or other unlawful expenses related to political activity, (ii) made any unlawful payment or offered anything
of value to foreign or domestic government officials or employees or to foreign or domestic political parties or campaigns, (iii)
made any other unlawful payment or (iv) violated any applicable money laundering or anti-terrorism law or regulation, nor have
any of them otherwise taken any action which would reasonably cause the Company to be in violation of the Foreign Corrupt Practices
Act of 1977, as amended, or any applicable Law of similar effect.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3.13. <B>Permits.
</B>There are no Permits required to be owned or possessed by the Company to own its assets or to conduct its business as now
being conducted and as presently proposed to be conducted, except to the extent that the failure to have any such Permits, individually
or in the aggregate, has not and would not reasonably be expected to have a Material Adverse Effect</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3.14. <B>Litigation.
</B>Except as described on <U>Schedule 3.14</U>, there is no (a) Action of any nature pending or, to the Knowledge of the Company,
threatened or (b) Order now pending or previously rendered by a Governmental Authority, in either case of clauses (a) or (b),
by or against the Company, any of its directors, officers or equity holders (provided, that any litigation involving the directors,
officers or equity holders of the Company must be related to the Company&rsquo;s business, assets or equity securities) or the
Company&rsquo;s business, assets or equity securities. During the past five (5) years, none of the Company&rsquo;s current or
former officers, senior management or directors have been charged with, indicted for, arrested for, or convicted of any felony
or any crime involving fraud. The Company has no any material Action pending against any other Person.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3.15. <B>Contracts.</B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a) <U>Schedule
3.15(a)</U> contains a complete, current and correct list of all of the Contracts to which the Company is a party, by which any
of its properties or assets are bound, or under which the Company otherwise has material obligations. True and correct copies
of such Contracts (including any amendments, modifications or supplements thereto) have been provided to Purchaser.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b) Except
as set forth on <U>Schedule 3.15(b)</U>, the Company is not a party to or bound by any Contract containing any covenant (i) limiting
in any respect the right of the Company or its Affiliates to engage in any line of business, to make use of any of its Intellectual
Property or compete with any Person in any line of business or in any geographic region, (ii) imposing non-solicitation restrictions
on the Company or its Affiliates, (iii) granting to the other party any exclusivity or similar provisions or rights, including
any covenant by the Company that includes an organizational conflict of interest prohibition, restriction, representation, warranty
or notice provision or any other restriction on future contracting, (iv) providing &ldquo;most favored customers&rdquo; or other
preferential pricing terms for the services of the Company or its Affiliates, or (v) otherwise limiting or restricting the right
of the Company to sell or distribute any Intellectual Property of the Company or to purchase or otherwise obtain any software
or Intellectual Property license.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<!-- Field: Page; Sequence: 13; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->10<!-- Field: /Sequence -->-</TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(c) All
of the Contracts to which the Company is a party, by which any of its properties or assets are bound, or under which the Company
otherwise has material obligations are in full force and effect, and are valid, binding, and enforceable in accordance with their
terms, subject to performance by the other party or parties to such Contract, except as the enforceability thereof may be limited
by the Enforceability Exceptions. There exists no breach, default or violation on the part of the Company or, to the Knowledge
of the Company, on the part of any other party to any such Contract nor has the Company received written or, to the Knowledge
of the Company, oral notice of any breach, default or violation. The Company has not received notice of an intention by any party
to any such Contract that provides for a continuing obligation by any party thereto on the date hereof to terminate such Contract
or amend the terms thereof, other than modifications in the Ordinary Course of Business that do not adversely affect the Company.
The Company has not waived any rights under any such Contract. To the Knowledge of the Company, no event has occurred which either
entitles, or would, with notice or lapse of time or both, entitle any party to any such Contract to declare breach, default or
violation under any such Contract or to accelerate, or which does accelerate, the maturity of any Indebtedness of the Company
under any such Contract. To the Knowledge of the Company, there is no reason to believe that any such Contract with a customer
of the Company will not remain in effect after the Closing through the remainder of its term or continue to generate substantially
the same or more revenue after the Closing through the remainder of its term as it currently generates.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3.16. <B>Tax
Matters.</B> Except as set forth on <U>Schedule 3.16</U>: (i) the Company has timely filed all Tax Returns required to have been
filed by it; (ii) all such Tax Returns are accurate and complete in all material respects; (iii) the Company has paid all Taxes
owed by it which were due and payable (whether or not shown on any Tax Return); (iv) the charges, accruals and reserves with respect
to Taxes included within the Financial Statements are accurate; (v) the Company has complied with all applicable Laws relating
to Tax; (vi) the Company is not currently the beneficiary of any extension of time within which to file any Tax Return; (vii)
there is no current Action against the Company in writing by a Governmental Authority in a jurisdiction where the Company does
not file Tax Returns that the Company is or may be subject to taxation by that jurisdiction; (viii) there are no pending or ongoing
audits or assessments of the Company&rsquo;s Tax Returns by a Governmental Authority; (ix) the Company has not requested or received
any ruling from, or signed any binding agreement with, any Governmental Authority, that would apply to any Tax periods ending
after the Closing Date; (x) there are no Liens on any of the assets of the Company that arose in connection with any failure (or
alleged failure) to pay any Tax; (xi) no unpaid Tax deficiency has been asserted in writing against or with respect to the Company
by any Governmental Authority which Tax remains unpaid; (xii) the Company has collected or withheld all Taxes currently required
to be collected or withheld by it, and all such Taxes have been paid to the appropriate Governmental Authorities or set aside
in appropriate accounts for future payment when due; (xiii) the Company has not granted or is subject to, any waiver of the period
of limitations for the assessment of Tax for any currently open taxable period; (xiv) the Company is not a party to any Tax allocation,
sharing or indemnity agreement or otherwise has any potential or actual material Liability for the Taxes of another Person, whether
by applicable Tax Law, as a transferee or successor or by contract, indemnity or otherwise; (xv) neither the Company nor any of
its former, current or future equity holders is required to include in income any amount for an adjustment pursuant to Section
481 of the Code or the Regulations thereunder; (xvi) there is no Contract or employee benefit plan covering any Person that, individually
or collectively, could give rise to the payment of any amount that would not be deductible by the Company by reason of Section
280G or Section 162(m) of the Code, and no arrangement exists pursuant to which the Company or its Affiliate will be required
to &ldquo;gross up&rdquo; or otherwise compensate any Person because of the imposition of any Tax on a payment to such Person;
(xvii) the Company has not been a beneficiary of or participated in any &ldquo;reportable transaction&rdquo; within the meaning
of Regulations Section 1.6011-4(b)(1) that was, is, or to the Knowledge of the Company will ever be, required to be disclosed
under Regulations Section 1.6011-4; (xviii) no Tax Return filed by or on behalf of the Company has contained a disclosure statement
under Section 6662 of the Code (or any similar provision of Law), and no Tax Return has been filed by or on behalf of the Company
with respect to which the preparer of such Tax Return advised consideration of inclusion of such a disclosure, which disclosure
was not made; (xix) the Company does not have a &ldquo;permanent establishment&rdquo; in any foreign country, as defined in any
applicable Tax treaty or convention between the United States of America and such foreign country, or has otherwise taken steps
or conducted business operations that have materially exposed, or will materially expose, it to the taxing jurisdiction of a foreign
country; (xx) the Company is materially in compliance with the terms and conditions of any applicable Tax exemptions, Tax agreements
or Tax orders of any Taxing Authority to which it may be subject or which it may have claimed, and the transactions contemplated
by this Agreement will not have any material and adverse effect on such compliance; (xxi) no written power of attorney which is
currently in force has been granted by or with respect to the Company with respect to any matter relating to Taxes; and (xxii)
there has not been any change in Tax accounting method by the Company and the Company has not received a ruling from, or signed
an agreement with, any Taxing Authority that would reasonably be expected to have a material impact on Taxes of the Company or
the equity holders of the Company following the Closing.</FONT></P>

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

<!-- Field: Page; Sequence: 14; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->11<!-- Field: /Sequence -->-</TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3.17. <B>Employees
and Labor Matters.</B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a) <U>Schedule
3.17(a)</U> sets forth a complete and accurate list of all employees of the Company as of the date hereof showing for each as
of that date (i) the employee&rsquo;s name, employer, job title or description, location, salary level (including any bonus, commission,
deferred compensation or other remuneration payable (other than any such arrangements under which payments are at the discretion
of the Company)) and (ii) any bonus, commission or other remuneration other than salary paid during the Company&rsquo; fiscal
year ending December 31, 2017 or during the 2018 fiscal year prior to the date hereof. Except as set forth on <U>Schedule 3.17(a)</U>,
no employee is a party to a written employment agreement or contract with the Company and each is employed &ldquo;at will&rdquo;.
The Company has paid in full to all employees all wages, salaries, commission, bonuses and other compensation due, including overtime
compensation, and there are no severance payments which are or could become payable by the Company to any employee under the terms
of any written or, to the Knowledge of the Company, oral agreement, or commitment or any Law, custom, trade or practice.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b) <U>Schedule
3.17(b)</U> contains a list of all independent contractors (including consultants) currently engaged by the Company, along with
the position, date of retention and rate of remuneration, most recent increase (or decrease) in remuneration and amount thereof,
for each such Person. All of such independent contractors are a party to a written agreement or contract with the Company. Each
such independent contractor has entered into customary covenants regarding confidentiality, non-competition and assignment of
inventions and copyrights in such Person&rsquo;s agreement with the Company, true and correct copies of which have been provided
to Purchaser. For the purposes of applicable Law, all independent contractors who are currently, or within the last six (6) years
have been, engaged by the Company are bona fide independent contractors and not employees of the Company. Each independent contractor
is terminable on fewer than thirty (30) days&rsquo; notice, without any obligation of the Company to pay severance or a termination
fee.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(c) The
Company is, to its Knowledge, in compliance with all applicable Laws respecting employment and employment practices, terms and
conditions of employment and wages and hours, and is not engaged in any unfair labor practice, failure to comply with which or
engagement in which, as the case may be, has had or would reasonably be expected to have, a Material Adverse Effect. There is
no unfair labor practice complaint pending or, to the Knowledge of the Company, threatened against the Company.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3.18. <B>Benefit
Plans</B>.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a) Set
forth on <U>Schedule 3.18(a)</U> is a true and complete list of each Benefit Plan the Company (each, a &ldquo;<B><I>Company Benefit
Plan</I></B>&rdquo;). With respect to each Company Benefit Plan, there are no funded benefit obligations for which contributions
have not been made or properly accrued and there are no unfunded benefit obligations that have not been accounted for by reserves,
or otherwise properly footnoted in accordance with GAAP on the Company Financials. The Company is not nor has in the past been
a member of a &ldquo;controlled group&rdquo; for purposes of Section 414(b), (c), (m) or (o) of the Code, nor does the Company
have any Liability with respect to any collectively-bargained for plans, whether or not subject to the provisions of ERISA. No
statement, either written or oral, has been made by the Company to any Person with regard to any Company Benefit Plan that was
not in accordance with the Company Benefit Plan in any material respect.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<!-- Field: Page; Sequence: 15; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->12<!-- Field: /Sequence -->-</TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b) Each
Company Benefit Plan is and has been operated at all times in compliance with all applicable Laws in all material respects, including
ERISA and the Code. Each Company Benefit Plan which is intended to be &ldquo;qualified&rdquo; within the meaning of Section 401(a)
of the Code (i) has been determined by the IRS to be so qualified (or is based on a prototype plan which has received a favorable
opinion letter) during the period from its adoption to the date of this Agreement and (ii) its related trust has been determined
to be exempt from taxation under Section 501(a) of the Code or the Company have requested an initial favorable IRS determination
of qualification and/or exemption within the period permitted by applicable Law. No fact exists which could adversely affect the
qualified status of such Company Benefit Plans or the exempt status of such trusts.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(c) With
respect to each Company Benefit Plan: (i) such Company Benefit Plan has been administered and enforced in all material respects
in accordance with its terms, the Code and ERISA; (ii) no breach of fiduciary duty has occurred; (iii) no Action is pending, or
to the Company&rsquo;s Knowledge, threatened (other than routine claims for benefits arising in the ordinary course of administration);
(iv) no prohibited transaction, as defined in Section 406 of ERISA or Section 4975 of the Code, has occurred, excluding transactions
effected pursuant to a statutory or administration exemption; and (v) all contributions and premiums due through the Closing Date
have been made in all material respects as required under ERISA or have been fully accrued in all material respects on the Company
Financials.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(d) No
Company Benefit Plan is a &ldquo;defined benefit plan&rdquo; (as defined in Section 414(j) of the Code), a &ldquo;multiemployer
plan&rdquo; (as defined in Section 3(37) of ERISA) or a &ldquo;multiple employer plan&rdquo; (as described in Section 413(c) of
the Code) or is otherwise subject to Title IV of ERISA or Section 412 of the Code, and no Target Company has incurred any Liability
or otherwise could have any Liability, contingent or otherwise, under Title IV of ERISA and no condition presently exists that
is expected to cause such Liability to be incurred. No Company Benefit Plan will become a multiple employer plan with respect
to the Company immediately after the Closing Date. No Target Company currently maintains or has ever maintained, or is required
currently or has ever been required to contribute to or otherwise participate in, a multiple employer welfare arrangement or voluntary
employees&rsquo; beneficiary association as defined in Section 501(c)(9) of the Code.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(e) There
is no arrangement under any Company Benefit Plan with respect to any employee that would result in the payment of any amount that
by operation of Sections 280G or 162(m) of the Code would not be deductible by the Company and no arrangement exists pursuant
to which the Company will be required to &ldquo;gross up&rdquo; or otherwise compensate any person because of the imposition of
any excise tax on a payment to such person.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(f) The
consummation of the transactions contemplated by this Agreement and the Ancillary Documents will not: (i) entitle any individual
to severance pay, unemployment compensation or other benefits or compensation; (ii) accelerate the time of payment or vesting,
or increase the amount of any compensation due, or in respect of, any individual; or (iii) result in or satisfy a condition to
the payment of compensation that would, in combination with any other payment, result in an &ldquo;excess parachute payment&rdquo;
within the meaning of Section 280G of the Code. The Company has not incurred any Liability for any Tax imposed under Chapter 43
of the Code or civil liability under Section 502(i) or (l) of ERISA.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(g) Except
to the extent required by Section 4980B of the Code or similar state Law, the Company does not provide health or welfare benefits
to any former or retired employee or is obligated to provide such benefits to any active employee following such employee&rsquo;s
retirement or other termination of employment or service.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<!-- Field: Page; Sequence: 16; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->13<!-- Field: /Sequence -->-</TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3.19. <B>Insurance.
</B><U>Schedule 3.19</U> lists all insurance policies held by the Company relating to the Company or the business, assets, properties,
directors, officers or employees of the Company, copies of which have been provided to Purchaser. Each such insurance policy (i)
is legal, valid, binding, enforceable and in full force and effect as of the date hereof and (ii) will continue to be legal, valid,
binding, enforceable, and in full force and effect on identical terms immediately following the Closing. The Company is not in
default with respect to its obligations under any insurance policy, nor has the Company ever been denied insurance coverage for
any reason. The Company has no any self-insurance or co-insurance programs. The Company has not made any claim against an insurance
policy as to which the insurer is denying coverage. <U>Schedule 3.19</U> identifies each individual insurance claim made by the
Company since January 1, 2013. The Company has reported to its insurers all Actions and pending circumstances that would reasonably
be expected to result in an Action, except where such failure to report such Actions, individually or in the aggregate, has not
and would not reasonably be expected to have a Material Adverse Effect. To the Knowledge of the Company, no event has occurred,
and no condition or circumstance exists, that would reasonably be expected to (with or without notice or lapse of time) give rise
to or serve as a basis for the denial of any such insurance claim.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3.20. <B>Transactions
with Related Persons.</B> Except as set forth on <U>Schedule 3.20</U>, no officer, director, manager, employee, trustee or beneficiary
of the Company or any Affiliate, nor any immediate family member of any of the foregoing (whether directly or indirectly through
an Affiliate of such Person) (each of the foregoing, a &ldquo;<B><I>Related Person</I></B>&rdquo;) is presently, or in the past
three (3) years has been, a party to any transaction with the Company, including any Contract or other arrangement (a) providing
for the furnishing of services by (other than as officers, directors or employees of the Company), (b) providing for the rental
of real or personal property from or (c) otherwise requiring payments to (other than for services or expenses as directors, officers
or employees of the Company in the Ordinary Course of Business) any Related Person or any Person in which any Related Person has
an interest as an owner, officer, manager, director, trustee or partner or in which any Related Person has any direct or indirect
interest. Except as set forth on <U>Schedule 3.20</U>, the Company does not have any outstanding Contract or other arrangement
or commitment with any Related Person, and no Related Person owns any real or personal property, or right, tangible or intangible
(including Intellectual Property) which is used in any Company&rsquo;s business. The Company&rsquo;s assets do not include any
receivable or other obligation from a Related Person, and the Liabilities of the Company do not include any payable or other obligation
or commitment to any Related Person. <U>Schedule 3.20</U> specifically identifies all Contracts, arrangements or commitments set
forth on <U>Schedule 3.20</U> that cannot be terminated upon sixty (60) days&rsquo; notice by the Company without cost or penalty.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3.21. <B>Bank
Accounts.</B> <U>Schedule 3.21</U> lists the names and locations of all banks and other financial institutions with which the Company
maintains an account (or at which an account is maintained to which the Company has access as to which deposits are made on behalf
of the Company) (each, a &ldquo;<B><I>Bank Account</I></B>&rdquo;), in each case listing the type of Bank Account, the Bank Account
number therefor, and the names of all Persons authorized to draw thereupon or have access thereto and lists the locations of all
safe deposit boxes used by the Company. All cash in such Bank Accounts is held on demand deposit and is not subject to any restriction
or limitation as to withdrawal.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3.22. <B>No
Brokers.</B> Neither the Company, nor any of their respective Representatives on their behalf, has employed any broker, finder
or investment banker or incurred any liability for any brokerage fees, commissions, finders&rsquo; fees or similar fees in connection
with the transactions contemplated by this Agreement.</FONT></P>

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

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

<!-- Field: Page; Sequence: 17; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->14<!-- Field: /Sequence -->-</TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3.23. <B>Full
Disclosure. </B>This Agreement does not, and any Ancillary Document will not, (i) contain any representation, warranty or information
by Company that is false or misleading with respect to any material fact, or (ii) omit to state any material fact necessary in
order to make the representations, warranties and information contained and to be contained herein and therein (in the light of
the circumstances under which such representations, warranties and information were or will be made or provided) not false or
misleading.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3.24. <B>Registration
Statement</B>. None of the information supplied or to be supplied by Company for inclusion or incorporation by reference in the
Registration Statement will, at the time the Registration Statement becomes effective under the Securities Act, contain any untrue
statement of a material fact or omit to state any material fact required to be stated therein or necessary in order to make the
statements therein, in light of the circumstances under which they are made, not misleading. Notwithstanding the foregoing, the
Company makes no representation or warranty with respect to any information supplied by the Purchaser or Merger Sub which is contained
in any of the foregoing documents.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3.25. <B>Reliance. </B> The Company acknowledges that, except for the representations and warranties of the Purchaser and Merger Sub contained
in <U>ARTICLE IV</U> or pursuant to the certificate to be delivered pursuant to <U>ARTICLE VII</U>, neither the Purchaser, Merger
Sub nor any other Person has made, and the Company has not relied on, any other express or implied representation or warranty
by or on behalf of, or with respect to, the Purchaser of Merger Sub. Except as set forth in any representation or warranty set
forth in <U>ARTICLE IV</U> or in the certificate to be delivered pursuant to <U>ARTICLE VII</U>, the Company acknowledge that
neither the Purchaser, nor Merger Sub, the nor any other Person, directly or indirectly, has made, and the Company has not relied
on, any representation or warranty regarding the financial projections or other forward-looking statements of the Purchaser or
Merger Sub, and the Company will make any claim with respect thereto.</FONT></P>

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

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">ARTICLE
IV<BR>
REPRESENTATIONS AND WARRANTIES OF THE PURCHASER AND MERGER SUB</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Purchaser and Merger Sub represent and warrant to the Company the following matters as of the date hereof (except to the extent
that a representation and warranty contained in this ARTICLE IV expressly states that such representation and warranty is current
as of an earlier date and then such statements contained in this ARTICLE IV are true and correct as of such earlier date), in
each case, except as set forth in the Disclosure Schedules or the SEC Reports:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.1. <B>Organization
and Qualification.</B> Purchaser is a corporation duly organized, validly existing and in good standing under the laws of the
State of Delaware and has the requisite corporate power and authority to own, lease and operate its assets and properties and
to carry on its business as it is now being conducted. Merger Sub is a wholly-owned Subsidiary of Purchaser, is duly organized,
validly existing and in good standing under the laws of the State of Nevada, and has the requisite corporate power and authority
to own, lease and operate its assets and properties and to carry on its business as it is now being conducted. Each of Purchaser
and Merger Sub is duly qualified or licensed to do business as a foreign corporation and is in good standing in each jurisdiction
where such qualification or license is required, except where the failure to be so qualified or be so licensed would not have
a material and adverse effect on the ability of the Purchaser to consummate the transactions contemplated by, and discharge its
obligations under, this Agreement and the Ancillary Documents to which the Purchaser is a party (a &ldquo;<B><I>Purchaser Material
Adverse Effect</I></B>&rdquo;).</FONT></P>

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

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

<!-- Field: Page; Sequence: 18; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->15<!-- Field: /Sequence -->-</TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.2. <B>Authorization.
</B>Purchaser has full corporate power and authority to enter into this Agreement and the Ancillary Documents to which it is a
party and to consummate the transactions contemplated hereby and thereby. The execution and delivery of this Agreement and the
Ancillary Documents to which each of Purchaser and Merger Sub are a party and the consummation of the transactions contemplated
hereby and thereby have been duly authorized by all necessary corporate action on the part of Purchaser and Merger Sub and no
other corporate proceedings on the part of Purchaser or Merger Sub are necessary to authorize this Agreement, or to consummate
the transactions so contemplated. This Agreement has been duly executed and delivered by the Purchaser and Merger Sub. This Agreement
and each Ancillary Document to which the Purchaser and Merger Sub are a party constitutes a legal, valid and binding obligation
of such Purchaser Party, enforceable against each of Purchaser and Merger Sub in accordance with its terms, except as the enforceability
thereof may be limited by the Enforceability Exceptions.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.3. <B>Non-Contravention.
</B>Neither the execution and delivery of this Agreement or any Ancillary Document by the Purchaser and Merger Sub, nor the consummation
of the transactions contemplated hereby or thereby, will violate or conflict with or (with or without notice or the passage of
time or both) constitute a breach of, or default under (a) any provision of the Governing Documents of the Purchaser, (b) any
Law or Order to which each of Purchaser and Merger Sub or any of their business or assets are bound or subject or (c) any Contract
or Permit to which Purchaser or Merger Sub is a party or by which Purchaser or Merger Sub or any of its properties may be bound
or affected, such violations and conflicts which would not reasonably be expected to have a Purchaser Material Adverse Effect.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.4. <B>Capitalization.
</B>The Purchaser is authorized to issue (i) 100,000,000 shares of Purchaser Common Stock, 6,294,898 of which shares are issued
and outstanding, and (ii) 50,000,000 shares of Purchaser Preferred Stock, of which there are 500,000 authorized but unissued shares
of Series A Preferred Stock; and there are 4,725 shares of Series D Preferred Stock and 834 shares of Series D-1 Preferred Stock
issued and outstanding as of the date hereof. The authorized capital stock of Merger Sub consists of 1,000 shares of common stock,
par value $0.001 per share, all of which, as of the date hereof, are issued and outstanding. Purchaser has reserved from its duly
authorized capital stock the Stockholder Merger Consideration issuable at the Closing pursuant to this Agreement. When issued
by Purchaser to the stockholders of the Company in accordance with the terms of this Agreement, the Stockholder Merger Consideration:
(a) will be issued free and clear of all Liens except (i) those imposed by applicable securities Laws, and (ii) the rights of
the Purchaser Indemnified Parties under this Agreement (including under <U>ARTICLE VII</U>); (b) will be validly and duly issued
and fully paid and non-assessable; and (c) will not be subject to any preemptive or similar rights of a stockholder of Purchaser
to subscribe for or purchase additional securities of Purchaser as a result of such issuance.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.5. <B>SEC
Filings; Financial Statements.</B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a) In
the past two (2) years, Purchaser has filed with, or otherwise transmitted to, the SEC all forms, reports, schedules, statements,
certifications and other documents (including all exhibits, amendments and supplements thereto) required by it to be filed with
or otherwise transmitted to (as applicable) the SEC (such documents, the &ldquo;<B><I>SEC Reports</I></B>&rdquo;), and such SEC
Reports are available on the SEC&rsquo;s website through EDGAR. As of their respective dates, each of the SEC Reports complied
in all material respects with the applicable requirements of all applicable Laws, including the Securities Act and the Exchange
Act, as the case may be, and the respective rules and regulations promulgated thereunder, each as in effect on the date so filed.
Except to the extent amended or superseded by a subsequent filing with the SEC, as of their respective dates (and if so amended
or superseded, then on the date of such subsequent filing), none of the SEC Reports contained any untrue statement of a material
fact or omitted to state a material fact required to be stated or incorporated by reference therein or necessary in order to make
the statements therein, in the light of the circumstances under which they were made, not misleading. There are no outstanding
or unresolved comments in any comment letters of the staff of the SEC received by Purchaser relating to the SEC Reports. Purchaser
has heretofore made available to the Company, through EDGAR or otherwise, true, correct and complete copies of all material written
correspondence between Purchaser and the SEC. None of the SEC Reports is, to the Knowledge of Purchaser, the subject of ongoing
SEC review. None of Purchaser&rsquo;s Subsidiaries is required to file any reports or other documents with the SEC.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>

<!-- Field: Page; Sequence: 19; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->16<!-- Field: /Sequence -->-</TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b) The
financial statements (including in all cases the notes thereto, if any) of Purchaser and its Subsidiaries included in the SEC
Reports (i) in all material respects, were prepared consistent with the books and records of Purchaser and its Subsidiaries, (ii)
in all material respects, present fairly the consolidated financial position of Purchaser and its Subsidiaries as of the respective
dates thereof and the consolidated results of operations and cash flows of Purchaser and its Subsidiaries for the periods thereof,
(iii) have been prepared in accordance with GAAP; provided, that, any unaudited, interim period financial statements need not
include footnote disclosures and other presentation items or year-end adjustments that are required by GAAP to be included in
year-end financial statements, and (iv) comply in all material respects with the applicable accounting requirements of the SEC,
the Securities Act and the Exchange Act, and the rules and regulations promulgated thereunder.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(c) Purchaser
maintains disclosure controls and procedures that satisfy the requirements of Rule 13a-15 under the Exchange Act, and such disclosure
controls and procedures are designed to ensure that all material information concerning Purchaser is made known on a timely basis
to the individuals responsible for the preparation of Purchaser&rsquo;s filings with the SEC and other public disclosure documents.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.6. <B>Compliance
with Laws.</B> Purchaser and its Subsidiaries are in compliance with, and have complied, in all material respects with all Laws
and Orders applicable to them, their assets, employees or business or the Stockholder Merger Consideration. None of the operation,
activity, conduct and transactions of Purchaser and its Subsidiaries or the ownership, operation, use or possession of their assets
or the employment of their employees materially violates, or with or without the giving of notice or passage of time, or both,
will materially violate, conflict with or result in a material default, right to accelerate or loss of rights under, any terms
or provisions of any Law or Order to which Purchaser or its Subsidiaries is a party or by which any of Purchaser or its Subsidiaries
or their respective assets, business or employees or the Stockholder Merger Consideration may be bound or affected. None of Purchaser
or its Subsidiaries have received any written or, to the Knowledge of Purchaser, oral notice of any actual or alleged violation
of or non-compliance with applicable Laws in any material respect by Purchaser or any of its Subsidiaries.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.7. <B>No
Brokers.</B> Neither Purchaser, nor any Representative of Purchaser on its behalf, has employed any broker, finder or investment
banker or incurred any liability for any brokerage fees, commissions, finders&rsquo; fees or similar fees in connection with the
transactions contemplated by this Agreement.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.8. <B>Litigation.
</B>Other than as disclosed in the SEC Reports, there is no Action pending or, to the Knowledge of Purchaser, threatened, nor
any Order of any Governmental Authority is outstanding, against or involving the Purchaser or any of its officers, directors,
stockholders, properties, assets or businesses, whether at law or in equity, before or by any Governmental Authority, which would
reasonably be expected to have a Purchaser Material Adverse Effect.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.9. <B>Labor
Matters.</B> The Purchaser and Merger Sub are in compliance with all applicable Laws respecting employment and employment practices,
terms and conditions of employment and wages and hours, and are not engaged in any unfair labor practice, where failure to comply
with or engagement in, as the case may be, has had or would reasonably be expected to have, a Purchaser Material Adverse Effect.
There is no unfair labor practice complaint pending or, to the Knowledge of the Company, threatened against the Purchaser.</FONT></P>

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

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

<!-- Field: Page; Sequence: 20; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->17<!-- Field: /Sequence -->-</TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.10. <B>No
Other Representations and Warranties.</B> Except for the representations and warranties contained in this Agreement and the Ancillary
Documents, no Purchaser Party makes any express or implied representations or warranties, and the Purchaser hereby disclaims any
other representations and warranties, whether made orally or in writing, by or on behalf of the Purchaser by any Person.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.11. <B>Merger
Sub.</B> Merger Sub is a direct wholly-owned subsidiary of Purchaser and: (a) was formed solely for the purpose of engaging in
the transactions contemplated by this Agreement; (b) has engaged in no other business activities; and (c)&nbsp;has conducted its
operations only as contemplated by this Agreement. All of the issued and outstanding equity of Merger Sub is validly issued, fully
paid and non-assessable and is owned, beneficially and of record, by Purchaser free and clear of all Liens, options, rights of
first refusal, stockholder agreements, limitations on Purchaser&rsquo;s voting rights and other encumbrances of any nature whatsoever.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.12. <B>Absence
of Certain Changes</B>. Except as expressly contemplated by this Agreement, between the date of Purchaser&rsquo;s most recent
quarterly report on Form 10-Q required to be filed with the SEC and the date of this Agreement, there has not occurred any change,
effect or event that has had or, with notice or lapse of time or both, would reasonably be expected to have a Purchaser Material
Adverse Effect.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.13. <B>Title
to Assets.</B> The Purchaser and Merger Sub have good and marketable title in fee simple to all real property owned by them and
good and marketable title in all personal property owned by them that is material to the business of the Purchaser and Merger
Sub, free and clear of all Liens other than Permitted Liens. Any real property and facilities held under lease by the Company
and Merger Sub are held by them under valid, subsisting and enforceable leases with which the Company and Merger Sub are in compliance.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.14. <B>Intellectual
Property. </B>The Purchaser and Merger Sub have, or have rights to use, all patents, patent applications, trademarks, trademark
applications, service marks, trade names, trade secrets, inventions, copyrights, licenses and other intellectual property rights
and similar rights necessary or required for use in connection with their respective businesses as described in the SEC Reports
and which the failure to so have could have a Purchaser Material Adverse Effect (collectively, the &ldquo;<B>Purchaser Intellectual
Property Rights</B>&rdquo;). Neither the Company nor Merger Sub has received a notice (written or otherwise) that any of, the
Purchaser Intellectual Property Rights 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. Neither the Purchaser nor Merger Sub has received, since the
date of the latest audited financial statements included within the SEC Reports, a written notice of a claim or otherwise has
any knowledge that the Purchaser Intellectual Property Rights violate or infringe upon the rights of any Person, except as could
not have or reasonably be expected to not have a Purchaser Material Adverse Effect. To the knowledge of the Company, all such
Intellectual Property Rights are enforceable and there is no existing infringement by another Person of any of the Purchaser Intellectual
Property Rights. The Company and its Subsidiaries have taken reasonable security measures to protect the secrecy, confidentiality
and value of all of their intellectual properties, except where failure to do so could not, individually or in the aggregate,
reasonably be expected to have a Purchaser Material Adverse Effect.</FONT></P>

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

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

<!-- Field: Page; Sequence: 21; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->18<!-- Field: /Sequence -->-</TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.15. <B>Tax
Matters. </B>Neither Purchaser nor any of its Subsidiaries has taken or agreed to take any action, or failed to take any action,
that would prevent the Merger from constituting a reorganization within the meaning of Section 368(a) of the Code.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.16. <B>Insurance.
</B>The Purchaser is insured by insurers of recognized financial responsibility against such losses and risks and in such amounts
as are prudent and customary in the businesses in which the Purchaser is engaged. Each insurance policy of the Purchaser (i) is
legal, valid, binding, enforceable and in full force and effect as of the date hereof and (ii) will continue to be legal, valid,
binding, enforceable, and in full force and effect on identical terms immediately following the Closing. </FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.17. <B>Full
Disclosure.</B> This Agreement does not, and any Ancillary Document will not, (i) contain any representation, warranty or information
by Purchaser or Merger Sub that is false or misleading with respect to any material fact, or (ii) omit to state any material fact
necessary in order to make the representations, warranties and information contained and to be contained herein and therein (in
the light of the circumstances under which such representations, warranties and information were or will be made or provided)
not false or misleading.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.18. <B>Registration
Statement; Proxy Statement/Prospectus</B>. None of the information supplied or to be supplied by Purchaser for inclusion or incorporation
by reference in (i) the Registration Statement will, at the time the Registration Statement becomes effective under the Securities
Act, contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary
in order to make the statements therein, in light of the circumstances under which they are made, not misleading; and (ii) the
Proxy Statement/Prospectus will, at the dates mailed to the Company Stockholders, at the time of the Stockholders&rsquo; Meeting
and as of the Effective Time, contain any untrue statement of a material fact by Purchaser or Merger Sub or omit to state any
material fact regarding Purchaser or Merger Sub required to be stated therein or necessary in order to make the statements therein,
in light of the circumstances under which they are made, not misleading. The Registration Statement will comply as to form in
all material respects with the provisions of the Securities Act and the rules and regulations promulgated by the SEC thereunder.
Notwithstanding the foregoing, Purchaser makes no representation or warranty with respect to any information supplied by the Company
which is contained in any of the foregoing documents.</FONT></P>

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

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

<!-- Field: Page; Sequence: 22; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->19<!-- Field: /Sequence -->-</TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.19. <B>Reliance.
</B>Purchaser and Merger Sub acknowledge that they and their respective representatives have been permitted access to the books
and records, facilities, equipment, tax returns, contracts, insurance policies (or summaries thereof) and other properties and
assets of the Company that they and their respective representatives have desired or requested to see or review, and that they
and their respective representatives have had a full opportunity to meet with the officers and employees of the Company to discuss
the business of the Company. Purchaser and Merger Sub acknowledge that none of the Company, the Stockholders&rsquo; Representative
or any other Person has made any representation or warranty, express or implied, written or oral, as to the accuracy or completeness
of any information that the Company furnished or made available to Purchaser, Merger Sub and their respective representatives,
except for representations by the Company expressly set forth herein or in the certificate to be delivered pursuant to this Agreement,
and neither the Company nor any other person shall have or be subject to any liability, except in the case of common law fraud,
to Purchaser or Merger Sub, or any other Person (including in contract or tort, at law or in equity, under federal or state securities
Laws or otherwise) resulting from Purchaser&rsquo;s or Merger Sub&rsquo;s use of any information, documents or material made available
to Purchaser or Merger Sub (or any omissions therefrom) in any &ldquo;data rooms,&rdquo; management presentations, due diligence
or in any other form in expectation of the transactions contemplated hereby. Purchaser and Merger Sub acknowledge that, should
the Closing occur, Purchaser and Merger Sub shall acquire the Company and the Company&rsquo;s Subsidiaries without any representation
or warranty as to merchantability or fitness for any particular purpose of their respective assets, in an &ldquo;as is&rdquo;
condition and on a &ldquo;where is&rdquo; basis, except as otherwise expressly represented or warranted herein or pursuant to
the certificate to be delivered pursuant this Agreement; <U>provided</U>, <U>however</U>, that nothing in this <U>Section 4.19
</U>is intended to limit or modify the representations and warranties contained in <U>ARTICLE III</U> or pursuant to the certificate
to be delivered pursuant to <U>ARTICLE VII</U>. Purchaser and Merger Sub acknowledge that, except for the representations and
warranties of the Company contained in <U>ARTICLE III</U> or pursuant to the certificate to be delivered pursuant to <U>ARTICLE
VII</U>, neither the Company nor any other Person has made, and neither Purchaser nor Merger Sub has relied on, any other express
or implied representation or warranty by or on behalf of, or with respect to, the Company. Except as set forth in any representation
or warranty set forth in <U>ARTICLE III</U> or in the certificate to be delivered pursuant to <U>ARTICLE VII</U>, Purchaser and
Merger Sub acknowledge that neither the Company, the Stockholders&rsquo; Representative nor any other Person, directly or indirectly,
has made, and neither Purchaser nor Merger Sub has relied on, any representation or warranty regarding the pro-forma financial
information, financial projections or other forward-looking statements of the Company or any Company Subsidiary, and neither Purchaser
nor Merger Sub will make any claim with respect thereto.</FONT></P>

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

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">ARTICLE
V<BR>
COVENANTS</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">5.1. <B>Conduct
of Business of the Company</B>.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a) Unless
the Purchaser shall otherwise consent in writing (such consent not to be unreasonably withheld, conditioned or delayed), during
the period from the date of this Agreement and continuing until the earlier of the termination of this Agreement in accordance
with <U>Section 8.1</U> or the Closing (the &ldquo;<B><I>Interim Period</I></B>&rdquo;), except as expressly contemplated by this
Agreement or as set forth on <U>Schedule 5.1</U>, the Company shall, and shall cause its Subsidiaries to, (i) conduct their respective
businesses, in all material respects, in the ordinary course of business consistent with past practice, (ii) comply with all Laws
applicable to the Company and its businesses, assets and employees, and (iii) take all reasonable measures necessary or appropriate
to preserve intact, in all material respects, their respective business organizations, to keep available the services of their
respective managers, directors, officers, employees and consultants, and to preserve the possession, control and condition of
their respective material assets, all as consistent with past practice.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b) Without
limiting the generality of <U>Section 5.1(a)</U> and except as contemplated by the terms of this Agreement or as set forth on
<U>Schedule 5.1</U>, during the Interim Period, without the prior written consent of the Purchaser (such consent not to be unreasonably
withheld, conditioned or delayed), the Company shall not, and shall cause its Subsidiaries to not:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(i) amend,
waive or otherwise change, in any respect, its Governing Documents;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(ii) authorize
for issuance, issue, grant, sell, pledge, dispose of or propose to issue, grant, sell, pledge or dispose of any of its equity
securities or any options, warrants, commitments, subscriptions or rights of any kind to acquire or sell any of its equity securities,
or other securities, including any securities convertible into or exchangeable for any of its shares or other equity securities
or securities of any class and any other equity-based awards, or engage in any hedging transaction with a third Person with respect
to such securities;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>

<!-- Field: Page; Sequence: 23; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->20<!-- Field: /Sequence -->-</TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(iii) split,
combine, recapitalize or reclassify any of its shares or other equity interests or issue any other securities in respect thereof
or pay or set aside any dividend or other distribution (whether in cash, equity or property or any combination thereof) in respect
of its equity interests, or directly or indirectly redeem, purchase or otherwise acquire or offer to acquire any of its securities;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(iv) incur,
create, assume, prepay or otherwise become liable for any Indebtedness (directly, contingently or otherwise) in excess of $50,000
(individually or in the aggregate), make a loan or advance to or investment in any third party, or guarantee or endorse any Indebtedness,
Liability or obligation of any Person;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(v) increase
the wages, salaries or compensation of its employees other than in the Ordinary Course of Business, consistent with past practice,
and in any event not in the aggregate by more than five percent (5%), or make or commit to make any bonus payment (whether in
cash, property or securities) to any employee, or materially increase other benefits of employees generally, or enter into, establish,
materially amend or terminate any Company Benefit Plan with, for or in respect of any current consultant, officer, manager director
or employee, in each case other than as required by applicable Law, pursuant to the terms of any Company Benefit Plans or in the
Ordinary Course of Business;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(vi) make
or rescind any material election relating to Taxes, settle any claim, action, suit, litigation, proceeding, arbitration, investigation,
audit or controversy relating to Taxes, file any amended Tax Return or claim for refund, or make any material change in its accounting
or Tax policies or procedures, in each case except as required by applicable Law or in compliance with GAAP;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(vii) transfer
or license to any Person or otherwise extend, materially amend or modify, permit to lapse or fail to preserve any of the Owned
IP, or disclose to any Person who has not entered into a confidentiality agreement any Trade Secrets;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(viii) terminate,
or waive or assign any material right under, any material Contract or enter into any Contract (A) involving amounts reasonably
expected to exceed $50,000 per year or $150,000 in the aggregate, (B) that would be a material Contract or (C) with a term longer
than one year that cannot be terminated without payment of a material penalty and upon notice of sixty (60) days or less;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(ix) establish
any Subsidiary or enter into any new line of business;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(x) make
any change in accounting methods, principles or practices, except to the extent required to comply with GAAP and after consulting
with the Company&rsquo;s outside auditors;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(xi) waive,
release, assign, settle or compromise any claim, action or proceeding (including any suit, action, claim, proceeding or investigation
relating to this Agreement or the transactions contemplated hereby), other than waivers, releases, assignments, settlements or
compromises that involve only the payment of monetary damages (and not the imposition of equitable relief on, or the admission
of wrongdoing by, the Company or its Affiliates) not in excess of $50,000 (individually or in the aggregate), or otherwise pay,
discharge or satisfy any Actions, Liabilities or obligations, unless such amount has been reserved in the Financial Statements;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>

<!-- Field: Page; Sequence: 24; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->21<!-- Field: /Sequence -->-</TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(xii) acquire,
including by merger, consolidation, acquisition of stock or assets, or any other form of business combination, any corporation,
partnership, limited liability company, other business organization or any division thereof, or any material amount of assets
outside the ordinary course of business consistent with past practice;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(xiii) make
capital expenditures in excess of $50,000 (individually for any project (or set of related projects) or $150,000 in the aggregate);</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(xiv) adopt
a plan of complete or partial liquidation, dissolution, merger, consolidation, restructuring, recapitalization or other reorganization;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(xv) voluntarily
incur any Liability or obligation (whether absolute, accrued, contingent or otherwise) in excess of $50,000 individually or $150,000
in the aggregate other than pursuant to the terms of a material Contract or Company Benefit Plan;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(xvi) sell,
lease, license, transfer, exchange or swap, mortgage or otherwise pledge or encumber (including securitizations), or otherwise
dispose of any material portion of its properties, assets or rights;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(xvii) enter
into any agreement, understanding or arrangement with respect to the voting of equity securities of the Company;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(xviii) enter
into, amend, waive or terminate (other than terminations in accordance with their terms) any transaction with any Related Person
(other than compensation and benefits and advancement of expenses, in each case, provided in the Ordinary Course of Business consistent
with past practice); or</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(xix) authorize
or agree to do any of the foregoing actions.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">5.2. <B>Conduct
of Business by the Purchaser.</B> During the Interim Period, Purchaser and each of its subsidiaries shall not (i) amend the Purchaser
certificate of incorporation, bylaws or other governing documents (other than to change its name); (ii) split, combine or reclassify
its outstanding shares of capital stock; or (iii) declare, set aside or pay any dividend payable in cash, stock or property in
respect of any capital stock other than dividends from its wholly-owned subsidiaries.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">5.3. <B>Further
Assurances.</B> In the event that at any time after the Closing any further action is reasonably necessary to carry out the purposes
of this Agreement, each of the parties will take such further action (including the execution and delivery of such further instruments
and documents) as the other parties reasonably may request, at the sole cost and expense of the requesting party (unless otherwise
specified herein or unless such requesting party is entitled to indemnification therefor under <U>ARTICLE VI</U> in which case,
the costs and expense will be borne by the parties as set forth in <U>ARTICLE VI</U>).</FONT></P>

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

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

<!-- Field: Page; Sequence: 25; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->22<!-- Field: /Sequence -->-</TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">5.4. <B>Confidentiality.
</B>The Company will, and will cause its Representatives to: (a) treat and hold in strict confidence any Confidential Information,
and will not use for any purpose (except in furtherance of their authorized duties on behalf of Purchaser, the Company or their
Affiliates), nor directly or indirectly disclose, distribute, publish, disseminate or otherwise make available to any third party
any of the Confidential Information without Purchaser&rsquo;s prior written consent; (b) in the event that the Company or a Representative
becomes legally compelled to disclose any Confidential Information, to provide Purchaser with prompt written notice of such requirement
so that Purchaser or an Affiliate thereof may seek a protective order or other remedy or that Purchaser may waive compliance with
this <U>Section&nbsp;5.4</U>; (c) in the event that such protective order or other remedy is not obtained, or Purchaser waives
compliance with this <U>Section&nbsp;5.4</U>, to furnish only that portion of such Confidential Information which is legally required
to be provided as advised in writing by outside counsel and to exercise their commercially reasonable efforts to obtain assurances
that confidential treatment will be accorded such Confidential Information; and (d) to promptly furnish to Purchaser any and all
copies (in whatever form or medium) of all such Confidential Information and to destroy any and all additional copies of such
Confidential Information and any analyses, compilations, studies or other documents prepared, in whole or in part, on the basis
thereof; provided, however, that Confidential Information will not include any information which, at the time of disclosure by
a Stockholder or its Representatives, is generally available publicly and was not disclosed in breach of this Agreement by a Stockholder
or its Representatives.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">5.5. <B>Publicity.
</B>No party hereto shall, and each shall cause their respective Representatives not to, disclose, make or issue, any statement
or announcement concerning this Agreement or the Ancillary Documents or the transactions contemplated hereby or thereby (including
the terms, conditions, status or other facts with respect thereto) to any third parties (other than its Representatives who need
to know such information in connection with carrying out or facilitating the transactions contemplated hereby) without the prior
written consent of the other parties (such consent not to be unreasonably withheld, delayed or conditioned), except (i) in the
case of the Company or the Stockholders, as required by applicable Law after conferring with the other parties concerning the
timing and content of such required disclosure, and (ii) in the case of Purchaser, as may be required of Purchaser or its Affiliates
by applicable Law (including any SEC position) or securities listing or trading requirement.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">5.6. <B>Litigation
Support.</B> Following the Closing, in the event that and for so long as any party is actively contesting or defending against
any third party or Governmental Authority Action in connection with any fact, situation, circumstance, status, condition, activity,
practice, plan, occurrence, event, incident, action, failure to act or transaction that existing on or prior to the Closing Date
involving the Company, each of the other parties will (i) reasonably cooperate with the contesting or defending party and its
counsel in the contest or defense, (ii) make available its personnel at reasonable times and upon reasonable notice and (iii)
provide (A) such testimony and (B) access to its non-privileged books and records as may be reasonably requested in connection
with the contest or defense, at the sole cost and expense of the contesting or defending party (unless such contesting or defending
party is entitled to indemnification therefor under <U>ARTICLE VI</U> in which case, the costs and expense will be borne by the
parties as set forth in <U>ARTICLE VI</U>).</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">5.7. <B>The
Registration Statement</B>.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a) As
promptly as practicable after the date hereof, the Purchaser shall prepare with the reasonable assistance of the Company, and
file with the SEC a registration statement on Form S-4 (as amended or supplemented from time to time, and including the Proxy
Statement contained therein, the &ldquo;<B><I>Registration Statement</I></B>&rdquo;) in connection with the registration under
the Securities Act of the Purchaser Common Stock to be issued under this Agreement as the Stockholder Merger Consideration, which
Registration Statement will also contain a proxy statement (as amended, the &ldquo;<B><I>Proxy Statement</I></B>&rdquo;) for the
purpose of (x) soliciting proxies from the Purchaser&rsquo;s stockholders for issuance of the Stockholder Merger Consideration
and the other the matters to be acted upon at the special meeting of the Purchaser&rsquo;s stockholders (the &rdquo;<B><I>Purchaser
Special Meeting</I></B>&rdquo;) and (y) soliciting proxies from the Company Stockholders for the matters to be acted upon at the
special meeting of the Company&rsquo;s Stockholders (the &ldquo;<B><I>Company Special Meeting</I></B>&rdquo;).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"></P>

<!-- Field: Page; Sequence: 26; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->23<!-- Field: /Sequence -->-</TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b) The
Purchaser and the Company, with the assistance of the other Parties, shall promptly respond to any SEC comments on the Registration
Statement and shall otherwise use its commercially reasonable efforts to cause the Registration Statement to &ldquo;clear&rdquo;
comments from the SEC and become effective. Each Party shall provide the other Party with copies of any written comments, and
shall inform the other Party of any material oral comments, that such Party or its Representatives receive from the SEC or its
staff with respect to the Registration Statement, the Purchaser Special Meeting, and the Company Special Meeting promptly after
the receipt of such comments and shall give the other Party a reasonable opportunity under the circumstances to review and comment
on any proposed written or material oral responses to such comments.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(c) Purchaser
shall file the reports required to be filed by it under the Exchange Act and the rules and regulations adopted by the SEC thereunder
(or, if Purchaser is not required to file such reports, will, make publicly available other information) and will take such further
action as the Company Stockholders may reasonably request, all to the extent required from time to time to enable the Company
Stockholders (or their designees) to sell the Merger Consideration without registration under the Securities Act within the limitation
of the exemptions provided by (i) Rule 144 under the Securities Act, as such Rule may be amended from time to time, or (ii) any
similar rule or regulation hereafter adopted by the SEC.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">5.8. <B>Purchaser
Board of Directors</B>. Immediately after the Closing, the Parties shall take all necessary action to designate and appoint to
the board of directors of the Purchaser, one (1) person who shall be designated by the Company prior to the Closing and who shall
be reasonably acceptable to the Purchaser.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">5.9. <B>Escrow
Agreement.</B> Promptly after the date of this Agreement, the Parties shall negotiate in good faith the terms and conditions of
the Escrow Agreement, including the provisions relating to the release of the Stockholder Merger Consideration from the Distribution
Escrow Account, which Escrow Agreement shall be delivered at the Closing.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">5.10. <B>Access
to Information.</B>&nbsp; During the Interim Period, each of Purchaser and Company shall afford the other and its accountants,
counsel and other representatives reasonable access during normal business hours to the properties, books, records and personnel
of Purchaser and the Company, as applicable, to obtain all information concerning the business of such company, including, without
limitation, the status of its product development efforts, properties, results of operations and personnel, as Purchaser and the
Company may reasonably request.<B>&nbsp; </B>No information or knowledge obtained by Purchaser and the Company during the course
of any investigation conducted pursuant to this <U>Section 5.10</U> shall affect, or be deemed to modify in any respect any representation
or warranty contained herein or the conditions to the obligations of the parties to consummate the transactions contemplated herein.</FONT></P>

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

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

<!-- Field: Page; Sequence: 27; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->24<!-- Field: /Sequence -->-</TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">5.11. <B>Reasonable
Efforts.</B> Upon the terms and subject to the conditions set forth in this Agreement, each of the parties hereto shall use its
commercially reasonable best efforts to take, or cause to be taken, all actions, and to do, or cause to be done, and to assist
and cooperate with the other parties hereto in doing, all things necessary, proper or advisable to consummate and make effective,
in the most expeditious manner practicable, the Merger and the other transactions contemplated by this Agreement, including, without
limitation, using reasonable efforts to accomplish the following: (i)&nbsp;the taking of all reasonable actions necessary to cause
the conditions precedent set forth in this Agreement to be satisfied, (ii)&nbsp;the obtaining of all necessary actions or nonactions,
waivers, consents, approvals, orders and authorizations from Governmental Authority, and the making of all necessary registrations,
declarations and filings (including registrations, declarations and filings with Governmental Authorities, if any), and the taking
of all reasonable steps as may be necessary to avoid any suit, claim, action, investigation or proceeding by any Governmental
Authority, (iii)&nbsp;the obtaining of all necessary consents, approvals or waivers from third parties which may be required or
desirable as a result of, or in connection with, the transactions contemplated by this Agreement, (iv)&nbsp;the defending of any
suits, claims, actions, investigations or proceedings, whether judicial or administrative, challenging this Agreement or the consummation
of the transactions contemplated hereby, including, without limitation, seeking to have any stay or temporary restraining order
entered by any court or other Governmental Entity vacated or reversed, and (v)&nbsp;the execution or delivery of any additional
certificates, instruments and other documents necessary to consummate the transactions contemplated by, and to fully carry out
the purposes of, this Agreement.&nbsp; In connection with and without limiting the foregoing, each of Purchaser and the Company
and its respective Board of Directors shall, if any state takeover statute or similar statute or regulation is or becomes applicable
to the Merger, this Agreement or any of the transactions contemplated by this Agreement, use all commercially reasonable efforts
to ensure that the Merger and the other transactions contemplated by this Agreement may be consummated as promptly as practicable
on the terms contemplated by this Agreement and otherwise to minimize the effect of such statute or regulation on the Merger,
this Agreement and the transactions contemplated hereby.&nbsp; Notwithstanding anything to the contrary in this Agreement, nothing
in this Agreement shall be deemed to require Purchaser and the Company or any subsidiary or affiliate thereof to agree to any
divestiture by itself or any of its affiliates of shares of capital stock or of any business, assets or property, or the imposition
of any material limitation on the ability of any of them to conduct their businesses or to own or exercise control of such assets,
properties and stock.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">5.12. <B>Directors'
and Officers' Indemnification</B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a) Purchaser
and Merger Sub agree that all rights to indemnification, advancement of expenses and exculpation by the Company now existing in
favor of each person who is now, or has been at any time prior to the date hereof or who becomes prior to the Closing Date an
officer or director of the Company (the &quot;<B><I>D&amp;O Indemnified Party</I></B>&quot;), in each case as in effect on the
date of this Agreement, or pursuant to any other contracts in effect on the date hereof, shall be assumed by the Surviving Corporation
in the Merger, without further action, at the Closing Date and shall survive the Merger and shall remain in full force and effect
in accordance with their terms, and, in the event that any proceeding is pending or asserted or any claim made during such period,
until the final disposition of such proceeding or claim.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b) For
six years after the Effective Time, to the fullest extent permitted under applicable Law, Purchaser and the Surviving Corporation
(the &quot;<B><I>D&amp;O Indemnifying Parties</I></B>&quot;) shall indemnify, defend and hold harmless each D&amp;O Indemnified
Party against all losses, claims, damages, liabilities, fees, expenses, judgments and fines arising in whole or in part out of
actions or omissions in their capacity as such occurring at or prior to the Effective Time (including in connection with the transactions
contemplated by this Agreement), and shall reimburse each D&amp;O Indemnified Party for any legal or other expenses reasonably
incurred by such D&amp;O Indemnified Party in connection with investigating or defending any such losses, claims, damages, liabilities,
fees, expenses, judgments and fines as such expenses are incurred, subject to the Surviving Corporation's receipt of an undertaking
by such D&amp;O Indemnified Party to repay such legal and other fees and expenses paid in advance if it is ultimately determined
in a final and non-appealable judgment of a court of competent jurisdiction that such Indemnified Party is not entitled to be
indemnified under applicable Law; <I>provided, however,</I> that the Surviving Corporation will not be liable for any settlement
effected without the Surviving Corporation's prior written consent (which consent shall not be unreasonably withheld or delayed).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(c) The
obligations of Purchaser and the Surviving Corporation under this <U>Section 5.12</U> shall survive the consummation of the Merger
and shall not be terminated or modified in such a manner as to adversely affect any D&amp;O Indemnified Party to whom this <U>Section
5.12</U>applies without the consent of such affected D&amp;O Indemnified Party (it being expressly agreed that the D&amp;O Indemnified
Parties to whom this Section 5.11 applies shall be third party beneficiaries of this <U>Section 5.12</U>, each of whom may enforce
the provisions of this <U>Section 5.12</U>).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"></P>

<!-- Field: Page; Sequence: 28; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->25<!-- Field: /Sequence -->-</TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(d) In
the event Purchaser, the Surviving Corporation or any of their respective successors or assigns (i) consolidates with or merges
into any other Person and shall not be the continuing or surviving corporation or entity in such consolidation or merger or (ii)
transfers all or substantially all of its properties and assets to any Person, then, and in either such case, proper provision
shall be made so that the successors and assigns of Purchaser or the Surviving Corporation, as the case may be, shall assume all
of the obligations set forth in this <U>Section 5.12</U>. The agreements and covenants contained herein shall not be deemed to
be exclusive of any other rights to which any Indemnified Party is entitled, whether pursuant to Law, Contract or otherwise. Nothing
in this Agreement is intended to, shall be construed to or shall release, waive or impair any rights to directors' and officers'
insurance claims under any policy that is or has been in existence with respect to the Company or its officers, directors and
employees, it being understood and agreed that the indemnification provided for in this <U>Section 5.12</U> is not prior to, or
in substitution for, any such claims under any such policies.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">5.13. <B>Notification;
Updates to Company Disclosure Schedule</B>.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a) Prior
to Closing, the Company shall promptly notify the Purchaser in writing of:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(i) the
discovery by the Company of any event, condition, fact or circumstance that occurred or existed on or prior to the date of this
Agreement and that caused or constitutes in any material respect an inaccuracy in or breach of any representation or warranty
made by the Company in this Agreement (as modified by the Company Disclosure Schedule);</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(ii) any
event, condition, fact or circumstance that occurs, arises or exists after the date of this Agreement and that would cause or
constitute in any material respect an inaccuracy in or breach of any representation or warranty made by the Company in this Agreement
if (A) such representation or warranty had been made as of the time of the occurrence, existence or discovery of such event, condition,
fact or circumstance, or (B) such event, condition, fact or circumstance had occurred, arisen or existed on or prior to the date
of this Agreement;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(iii) any
material breach of any covenant or obligation of the Company; and</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(iv) any
event, condition, fact or circumstance that would make the satisfaction of any of the conditions set forth in this Agreement impossible
or unlikely.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b) If
any event, condition, fact or circumstance that is required to be disclosed pursuant to <U>Section 5.13(a)</U> requires any change
in the Company Disclosure Schedule, or if any such event, condition, fact or circumstance would require such a change assuming
the Company Disclosure Schedule were dated as of the date of the occurrence, existence or discovery of such event, condition,
fact or circumstance, then the Company shall promptly deliver to the Purchaser an update to the Company Disclosure Schedule specifying
such change. No such update shall be deemed to supplement or amend the Company Disclosure Schedule for the purpose of (i) determining
the accuracy of any of the representations and warranties or the performance of any covenant made by the Company in this Agreement
(including for purposes of indemnification pursuant to <U>ARTICLE VI</U>), or (ii) determining whether any of the conditions set
forth in <U>ARTICLE VII</U> has been satisfied.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>

<!-- Field: Page; Sequence: 29; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->26<!-- Field: /Sequence -->-</TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">ARTICLE
VI<BR>
INDEMNIFICATION</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">6.1. <B>Survival</B>.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a) All
representations and warranties of the Purchaser, Merger Sub and the Company contained in this Agreement (including all schedules
and exhibits hereto and all certificates, documents, instruments and undertakings furnished pursuant to this Agreement) shall
survive the Closing through and until and including the Expiration Date; <U>provided</U>, that Fraud Claims against the Parties
shall survive indefinitely. If a Claim Notice for a claim of a breach of any representation or warranty has been given before
the applicable date when such representation or warranty no longer survives in accordance with this <U>Section 6.1(a)</U> then
the relevant representations and warranties shall survive as to such claim, until the claim has been finally resolved. All covenants,
obligations and agreements of the Purchaser, Merger Sub, and the Company contained in this Agreement (including all schedules
and exhibits hereto and all certificates, documents, instruments and undertakings furnished by the Company pursuant to this Agreement),
including any indemnification obligations, shall survive the Closing and continue until fully performed in accordance with their
terms. For the avoidance of doubt, a claim for indemnification under any subsection of <U>Section 6.2</U>(a) and <U>6.2(b)</U>
other than clauses (i) or (ii) thereof may be made at any time.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">6.2. <B>Indemnification
</B>.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a) Subject
to the terms and conditions of this ARTICLE VI and as acknowledged in the Letter of Transmittal executed by each Company Stockholder,
from and after the Closing, the Company Stockholders and their respective successors and assigns, (each, with respect to any claim
made pursuant to this Agreement, a &ldquo;<B><I>Company Indemnifying Party</I></B>&rdquo;) will jointly and severally indemnify,
defend and hold harmless the Purchaser, its Affiliates and their respective officers, directors, managers, employees, successors
and permitted assigns (each, with respect to any claim made pursuant to this Agreement, a &ldquo;<B><I>Purchaser Indemnified Party</I></B>&rdquo;)
from and against any and all losses, Actions, Orders, Liabilities, damages, diminution in value, Taxes, interest, penalties, Liens,
amounts paid in settlement, costs and expenses (including reasonable expenses of investigation and court costs and reasonable
attorneys&rsquo; fees and expenses), (any of the foregoing, a &ldquo;<B><I>Loss</I></B>&rdquo;) paid, suffered or incurred by,
or imposed upon, any Indemnified Party to the extent arising in whole or in part out of or resulting directly or indirectly from
(whether or not involving a Third Party Claim): (i) the breach of any representation or warranty made by the Company set forth
in this Agreement or in any certificate delivered by the Company, or the Stockholder Representative pursuant to this Agreement;
(ii) the breach of any covenant or agreement on the part of the Company set forth in this Agreement or in any certificate delivered
by the Company, any Company Stockholder or the Stockholder Representative; (iii) any Action by Person(s) who were holders of equity
securities of the Company, including options, warrants, convertible debt or other convertible securities or other rights to acquire
equity securities of the Company, prior to the Closing arising out of the sale, purchase, termination, cancellation, expiration,
redemption or conversion of any such securities; (iv) any and all Liabilities for Taxes in connection with or arising out of any
Company assets, employees (including pursuant to Section 409A of the Code), securities, activities or business on or prior to
the Closing Date; or (v) any Liability of the Company as of the Closing or incurred by the Company in the operation of the business
of the Company prior to the Closing.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b) Subject
to the terms and conditions of this ARTICLE VI, from and after the Closing, the Purchaser, Merger Sub and their respective successors
and assigns, (each, with respect to any claim made pursuant to this Agreement, a &ldquo;<B><I>Purchaser Indemnifying Party</I></B>&rdquo;
and together with a Company Indemnifying Party, an &ldquo;<B><I>Indemnifying Party</I></B>&rdquo;) will jointly and severally
indemnify, defend and hold harmless the Company, its Affiliates and their respective officers, directors, managers, employees,
successors and permitted assigns (each, with respect to any claim made pursuant to this Agreement, a &ldquo;<B><I>Company Indemnified
Party</I></B>&rdquo; and together with the Purchaser Indemnified Party, an &ldquo;<B><I>Indemnified Party</I></B>&rdquo;) from
and against any and all Losses paid, suffered or incurred by, or imposed upon, any Indemnified Party to the extent arising in
whole or in part out of or resulting directly or indirectly from (whether or not involving a Third Party Claim): (i) the breach
of any representation or warranty made by the Purchaser or Merger Sub set forth in this Agreement or in any certificate delivered
by the Purchaser or Merger Sub pursuant to this Agreement; or (ii) the breach of any covenant or agreement on the part of the
Purchaser or Merger Sub set forth in this Agreement or in any certificate delivered by the Purchaser or Merger Sub.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>

<!-- Field: Page; Sequence: 30; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->27<!-- Field: /Sequence -->-</TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">6.3. <B>Payment
from Indemnity Escrow Account</B>. Any indemnification claims by a Purchaser Indemnified Party shall first be paid with the Indemnity
Escrow Shares then remaining in the Indemnity Escrow Account, and then any other Indemnity Escrow property then remaining in the
Indemnity Escrow Account. With respect to any indemnification payment that includes Indemnity Escrow Shares, the value of each
Indemnity Escrow Share for purposes of determining the indemnification payment shall be the Purchaser Common Stock Price on the
date hereof. For successful indemnification claims by an Purchaser Indemnified Party, within five (5) Business Days after the
indemnification claim is finally determined in accordance with this <U>ARTICLE VI</U>, the Escrow Agent shall disburse a number
of Indemnity Escrow Shares, valued at the Purchaser Common Stock Price, together with any other Indemnity Escrow property equal
to the amount of such indemnification claim (as determined in accordance with this <U>ARTICLE VI</U>) from the Indemnity Escrow
Account to the Purchaser Indemnified Party (and the Purchaser and the Stockholder Representative will provide or cause to be provided
to the Escrow Agent any written instructions or other information or documents required by the Escrow Agent to do so).</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">6.4. <B>Limitations
and General Indemnification Provisions</B>.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a) Except
for Fraud Claims and claims under <U>Section 6.2(a)(iv)</U>, a Purchaser Indemnified Party shall not be entitled to indemnification
pursuant to this <U>ARTICLE VI,</U> until the aggregate amount of all Losses suffered by all Purchaser Indemnified Parties exceeds
Hundred Thousand Dollars ($100,000) (the &ldquo;<B>Basket</B>&rdquo;), at which point the full amount of all Losses from the first
dollar shall be recoverable, and the maximum aggregate amount of indemnification payments to which the Company Indemnifying Parties
will be obligated to pay in the aggregate under <U>Section 6.2</U> shall not exceed an amount equal to value of 10% of the Stockholder
Merger Consideration (the &ldquo;<B>Cap</B>&rdquo;).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b) Except
for Fraud Claims, a Company Indemnified Party shall not be entitled to indemnification pursuant to this <U>ARTICLE VI,</U> until
the aggregate amount of all Losses suffered by all Company Indemnified Parties exceeds the Basket, at which point the full amount
of all Losses from the first dollar shall be recoverable, and the maximum aggregate amount of indemnification payments to which
the Purchaser Indemnifying Parties will be obligated to pay in the aggregate under <U>Section 6.2</U> shall not exceed an amount
equal to the Cap.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(c) The
amount of any Losses suffered or incurred by any Indemnified Party shall be reduced by the amount of any insurance proceeds paid
to the Indemnified Party or any Affiliate thereof as a reimbursement with respect to such Losses (and no right of subrogation
shall accrue to any insurer hereunder, except to the extent that such waiver of subrogation would prejudice any applicable insurance
coverage), net of the costs of collection and the increases in insurance premiums resulting from such Loss or insurance payment.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(d) In
any claim for indemnification under this Agreement, no Person shall be required to indemnify any Person for punitive damages or
special damages, unless such punitive damages, or special damages are actually awarded to a Third Party.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>

<!-- Field: Page; Sequence: 31; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->28<!-- Field: /Sequence -->-</TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">6.5. <B>Indemnification
Procedures</B>.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a) The
Stockholder Representative shall have the sole right to act on behalf of the Indemnifying Parties with respect to any indemnification
claims made pursuant to this <U>ARTICLE VI</U>, including defending and settling any claims hereunder and receiving any notices
on behalf of the Indemnifying Parties.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)
In order to make a claim for indemnification hereunder, the Indemnified Party must provide written notice (a &ldquo;<B><I>Claim
Notice</I></B>&rdquo;) of such claim to the applicable Indemnifying Parties, to the Escrow Agent and to the Parties hereto, which
Claim Notice shall include (i) a reasonable description of the facts and circumstances which relate to the subject matter of such
indemnification claim to the extent then known and (ii) the amount of Losses suffered by the Indemnified Party in connection with
the claim to the extent known or reasonably estimable (provided, that the Indemnified Party may thereafter in good faith adjust
the amount of Losses with respect to the claim by providing a revised Claim Notice to the Stockholder Representative and the Escrow
Agent); <U>provided</U>, that the copy of any Claim Notice provided to the Escrow Agent shall be redacted for any confidential
or proprietary information of the Indemnifying Party or the Indemnified Party described in clause (i).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(c) In
the case of any claim for indemnification under this <U>ARTICLE VI</U> arising from a claim of a third party (including any Governmental
Authority) (a &ldquo;<B><I>Third Party Claim</I></B>&rdquo;), the Indemnified Party must give a Claim Notice with respect to such
Third Party Claim to the Stockholder Representative or the Purchaser, as the case may be, promptly (but in no event later than
thirty (30) days) after the Indemnified Party&rsquo;s receipt of notice of such Third Party Claim; <U>provided</U>, that the failure
to give such notice will not relieve the Indemnifying Party of its indemnification obligations except to the extent that the defense
of such Third Party Claim is materially and irrevocably prejudiced by the failure to give such notice. The Indemnifying Party
will have the right to defend and to direct the defense against any such Third Party Claim, at its expense and with counsel selected
by the Indemnifying Party, unless (i) the Indemnifying Party fails to acknowledge fully to the Indemnified Party the obligations
of the Indemnifying Party to the Indemnified Party within twenty (20) days after receiving notice of such Third Party Claim or
contests, in whole or in part, its indemnification obligations therefor or (ii) at any time while such Third Party Claim is pending,
(A) there is a conflict of interest between the the Indemnifying Party and the Indemnified Party in the conduct of such defense,
(B) the applicable third party alleges a Fraud Claim, (C) such claim is criminal in nature, could reasonably be expected to lead
to criminal proceedings, or seeks an injunction or other equitable relief against the Indemnified Party or (D) the amount of the
Third Party Claim exceeds or is reasonably expected to exceed the value of the Indemnity Escrow Shares in the Indemnity Escrow
Account at the Purchaser Common Stock Price. If the Indemnifying Party elects, and is entitled, to compromise or defend such Third
Party Claim, it will within twenty (20) days (or sooner, if the nature of the Third Party Claim so requires) notify the Indemnified
Party of its intent to do so, and the Indemnified Party will, at the request and expense of Indemnifying Party, cooperate in the
defense of such Third Party Claim. If the Indemnifying Party elects not to, or at any time is not entitled under this <U>Section
6.5</U> to, compromise or defend such Third Party Claim, fails to notify the Indemnified Party of its election as herein provided
or refuses to acknowledge or contests its obligation to indemnify under this Agreement, the Indemnified Party may pay, compromise
or defend such Third Party Claim. Notwithstanding anything to the contrary contained herein, the Indemnifying Party will have
no indemnification obligations with respect to any such Third Party Claim which is settled by the Indemnified Party without the
prior written consent of the Indemnifying Party (which consent will not be unreasonably withheld, delayed or conditioned); <U>provided</U>,
<U>however</U>, that notwithstanding the foregoing, the Indemnified Party will not be required to refrain from paying any Third
Party Claim which has matured by a final, non-appealable Order, nor will it be required to refrain from paying any Third Party
Claim where the delay in paying such claim would result in the foreclosure of a Lien upon any of the property or assets then held
by the Indemnified Party or where any delay in payment would cause the Indemnified Party material economic loss. The Indemnifying
Party to direct the defense will include the right to compromise or enter into an agreement settling any Third Party Claim; <U>provided</U>,
that no such compromise or settlement will obligate the Indemnified Party to agree to any settlement that that requires the taking
or restriction of any action (including the payment of money and competition restrictions) by the Indemnified Party other than
the execution of a release for such Third Party Claim and/or agreeing to be subject to customary confidentiality obligations in
connection therewith, except with the prior written consent of the Indemnified Party (such consent to be withheld, conditioned
or delayed only for a good faith reason). Notwithstanding the Indemnifying Party to compromise or settle in accordance with the
immediately preceding sentence, the Indemnifying Party may not settle or compromise any Third Party Claim over the objection of
the Indemnified Party; provided, however, that consent by the Indemnified Party to settlement or compromise will not be unreasonably
withheld, delayed or conditioned. The Indemnified Party will have the right to participate in the defense of any Third Party Claim
with counsel selected by it subject to the Indemnifying Party to direct the defense.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>

<!-- Field: Page; Sequence: 32; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->29<!-- Field: /Sequence -->-</TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(d) With
respect to any direct indemnification claim that is not a Third Party Claim, the Indemnifying Party will have a period of thirty
(30) days after receipt of the Claim Notice to respond thereto. If the Indemnifying Party does not respond within such thirty
(30) days, the Indemnifying Party will be deemed to have accepted responsibility for the Losses set forth in such Claim Notice
subject to the limitations on indemnification set forth in this <U>ARTICLE VI </U>and will have no further right to contest the
validity of such Claim Notice. If the Stockholder Representative on behalf of the Indemnifying Party responds within such thirty
(30) days after the receipt of the Claim Notice and rejects such claim in whole or in part, the Indemnified Party will be free
to pursue such remedies as may be available under this Agreement (subject to <U>Section 9.9,</U> any Ancillary Documents or applicable
Law.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">6.6. <B>Exclusive
Remedy</B>. From and after the Closing, except with respect to Fraud Claims, claims seeking injunctions or specific performance,
claims under the terms of the Letters of Transmittal or other Ancillary Documents, indemnification pursuant to this <U>ARTICLE
VI </U>shall be the sole and exclusive remedy for the Parties with respect to matters arising under this Agreement of any kind
or nature, including for any misrepresentation or breach of any warranty, covenant, or other provision contained in this Agreement
or in any certificate or instrument delivered pursuant to this Agreement or otherwise relating to the subject matter of this Agreement,
including the negotiation and discussion thereof.</FONT></P>

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

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">ARTICLE
VII<BR>
CLOSING CONDITIONS</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">7.1. <B>Conditions
to Each Party&rsquo;s Obligations</B>. The obligations of each Party to consummate the transactions described herein shall be
subject to the satisfaction or written waiver (where permissible) by the Company, the Purchaser and the Stockholder Representative
of the following conditions:</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a) The
SEC shall have declared the Registration Statement effective, and no stop order suspending the effectiveness of the Registration
Statement or any part thereof shall have been issued.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b) The
Purchaser shall have held a the Purchaser Special Meeting in accordance with the Delaware General Corporation Law, Nasdaq Stock
Market Rules and the Company&rsquo;s Governing Documents, and the issuance of the Stockholder Merger Consideration shall have
been submitted to the vote of the stockholders of the Purchaser at the Purchaser Special Meeting in accordance with the Proxy
Statement and shall have been approved by the requisite vote of the stockholders of the Purchaser at the Special Meeting (the
&ldquo;<B><I>Required Purchaser Stockholder Approval</I></B>&rdquo;).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(c) The
Company Stockholder&rsquo;s shall have held a Company Special Meeting in accordance with the NRS and the Company&rsquo;s Governing
Documents, and the execution and delivery of this Agreement and each Ancillary Document to which the Company is a party or bound,
the performance by the Company of its obligations hereunder and thereunder and the consummation of the transactions contemplated
hereby and thereby, including the Merger, shall have been approved by the requisite vote of the holders of Company Stock (the
&ldquo;<B><I>Required Company Stockholder Approval</I></B>&rdquo;).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<!-- Field: Page; Sequence: 33; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->30<!-- Field: /Sequence -->-</TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(d) All
Consents required to be obtained from or made with any Governmental Authority in order to consummate the transactions contemplated
by this Agreement, shall have been obtained or made.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(e) The
Consents required to be obtained from or made with any third Person (other than a Governmental Authority) in order to consummate
the transactions contemplated by this Agreement that are set forth in <U>Schedule 7.1(e)</U> shall have each been obtained or
made.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(f) No
Governmental Authority shall have enacted, issued, promulgated, enforced or entered any Law (whether temporary, preliminary or
permanent) or Order that is then in effect and which has the effect of making the transactions or agreements contemplated by this
Agreement illegal or which otherwise prevents or prohibits consummation of the transactions contemplated by this Agreement.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(g) There
shall not be any pending Action brought by a third-party non-Affiliate to enjoin or otherwise restrict the consummation of the
Closing.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">7.2. <B>Conditions
to Obligations of the Company</B>. In addition to the conditions specified in <U>Section 7.1</U>, the obligations of the Company
to consummate the transactions contemplated by this Agreement are subject to the satisfaction or written waiver (by the Company
and the Stockholder Representative) of the following conditions:</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a) All
of the representations and warranties of the Purchaser set forth in this Agreement and in any certificate delivered by the Purchaser
pursuant hereto shall be true and correct on and as of the date of this Agreement and on and as of the Closing Date as if made
on the Closing Date, except for (i) those representations and warranties that address matters only as of a particular date (which
representations and warranties shall have been accurate as of such date), and (ii) any failures to be true and correct that (without
giving effect to any qualifications or limitations as to materiality or Material Adverse Effect), individually or in the aggregate,
have not had and would not reasonably be expected to have a Material Adverse Effect on, or with respect to, the Purchaser and
that do not materially and adversely affect the Purchaser&rsquo;s ability to consummate the transactions contemplated hereby.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b) The
Purchaser shall have performed in all material respects all of the Purchaser&rsquo;s obligations and complied in all material
respects with all of the Purchaser&rsquo;s agreements and covenants under this Agreement to be performed or complied with by it
on or prior to the Closing Date.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(c) No
Material Adverse Effect shall have occurred with respect to the Purchaser since the date of this Agreement.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(d) Closing
Deliveries.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(i) The
Purchaser shall have delivered to the Company a certificate, dated the Closing Date, signed by an executive officer of the Purchaser
in such capacity, certifying as to the satisfaction of the conditions specified in <U>Sections 7.2(a)</U>, <U>7.2(b)</U> and <U>7.2(c)</U>.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<!-- Field: Page; Sequence: 34; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->31<!-- Field: /Sequence -->-</TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(ii) The
Purchaser shall have delivered to the Company a certificate from its secretary certifying as to (A) copies of the Purchaser&rsquo;s
Governing Documents as in effect as of the Closing Date, (B) the resolutions of the Purchaser&rsquo;s board of directors authorizing
the execution, delivery and performance of this Agreement and each of the Ancillary Documents to which it is a party or by which
it is bound, and the consummation of the transactions contemplated hereby and thereby, and (C) the incumbency of officers authorized
to execute this Agreement or any Ancillary Document to which the Purchaser is or is required to be a party or otherwise bound.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(iii) The
Purchaser shall have delivered to the Company a good standing certificate (or similar documents applicable for such jurisdictions)
for the Purchaser certified as of a date no later than thirty (30) days prior to the Closing Date from the proper Governmental
Authority of the Purchaser&rsquo;s jurisdiction of organization and from each other jurisdiction in which the Purchaser is qualified
to do business as a foreign entity as of the Closing, in each case to the extent that good standing certificates or similar documents
are generally available in such jurisdictions.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(iv) The
Company shall have received a copy of the Escrow Agreement, duly executed by the Purchaser and the Escrow Agent.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">7.3. <B>Conditions
to Obligations of the Purchaser</B>. In addition to the conditions specified in <U>Section 7.1</U>, the obligations of the Purchaser
to consummate the transactions contemplated by this Agreement are subject to the satisfaction or written waiver (by the Purchaser)
of the following conditions:</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a) All
of the representations and warranties of the Company set forth in this Agreement and in any certificate delivered by the Company,
shall be true and correct on and as of the date of this Agreement and on and as of the Closing Date as if made on the Closing
Date, except for (i) those representations and warranties that address matters only as of a particular date (which representations
and warranties shall have been accurate as of such date), and (ii) any failures to be true and correct that (without giving effect
to any qualifications or limitations as to materiality or Material Adverse Effect), individually or in the aggregate, have not
had and would not reasonably be expected to have a Material Adverse Effect on, or with respect to, the Company and that do not
materially and adversely affect the Company&rsquo;s and each stockholder of the Company&rsquo;s ability to consummate the transactions
contemplated hereby.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b) The
Company shall have performed in all material respects all of its obligations and complied in all material respects with all of
its agreements and covenants under this Agreement to be performed or complied with by it on or prior to the Closing Date.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(c) No
Material Adverse Effect shall have occurred with respect to the Company since the date of this Agreement.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(d) Closing
Deliveries.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(i) The
Purchaser shall have received a certificate from the Company, dated as the Closing Date, signed by an executive officer of the
Company in such capacity, certifying as to the satisfaction of the conditions specified in <U>Sections 7.3(a)</U>, <U>7.3(b)</U>
and <U>7.3(c)</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<!-- Field: Page; Sequence: 35; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->32<!-- Field: /Sequence -->-</TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(ii) The
Company shall have delivered to the Purchaser a certificate from its secretary certifying as to (A) copies of the Company&rsquo;s
Governing Documents as in effect as of the Closing Date, (B) the resolutions of the Company&rsquo;s board of directors and stockholders
authorizing the execution, delivery and performance of this Agreement and each of the Ancillary Documents to which it is a party
or by which it is bound, and the consummation of the transactions contemplated hereby and thereby, and (C) the incumbency of officers
authorized to execute this Agreement or any Ancillary Document to which the Company is or is required to be a party or otherwise
bound.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(iii) The
Company shall have delivered to the Purchaser a good standing certificate (or similar documents applicable for such jurisdictions)
for the Company certified as of a date no later than thirty (30) days prior to the Closing Date from the proper Governmental Authority
of the Company&rsquo;s jurisdiction of organization.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(iv) The
Purchaser shall have received a copy of the Escrow Agreement, duly executed by the Stockholder Representative and the Escrow Agent.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(v) The
Exchange Agent shall have received from each Company Stockholder: (A) the Company Certificates representing the Company Stock
(or duly executed affidavits of lost stock certificates in form and substance reasonably acceptable to the Purchaser and Exchange
Agent), (B) a properly completed and duly executed Letter of Transmittal, and (C) such other documents and executed instruments
of transfer in respect of the Company Stock as may be reasonably requested by the Exchange Agent and in form reasonably acceptable
for transfer on the books of the Company.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(vi) The
Purchaser shall have received duly executed written resolutions of the board of directors of the Company, in the agreed form,
approving: the Merger, Merger Agreement and the transactions contemplated thereby.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(vii) The
Purchaser shall have received written resignations, effective as of the Closing, of each of the directors and officers of the
Company as requested by the Purchaser prior to the Closing.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(viii) The
Purchaser shall have received evidence reasonably acceptable to the Purchaser that (i) the Company Notes and all other issued
or outstanding convertible securities of the Company or commitments therefor, including without limitation the Hudson Bay Notes,
the Hudson Bay Warrants and all other Company Notes and Company Warrants shall have been terminated, extinguished and cancelled
in full.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(ix)
The Purchaser shall have received evidence reasonably acceptable to the Purchaser, including payoff letters, that all outstanding
Indebtedness of the Company (other than the Convertible Notes terminated pursuant to <U>Section 7.3(d)(viii)</U> above) shall
be repaid or otherwise extinguished.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">7.4. <B>Frustration
of Condition</B>s. Notwithstanding anything contained herein to the contrary, no Party may rely on the failure of any condition
set forth in this <U>ARTICLE VII</U> to be satisfied if such failure was caused by the failure of such Party or its Affiliates
(or with respect to the Company, any stockholder of the Company) failure to comply with or perform any of its covenants or obligations
set forth in this Agreement.</FONT></P>

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

<!-- Field: Page; Sequence: 36; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->33<!-- Field: /Sequence -->-</TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

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

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">ARTICLE
VIII<BR>
TERMINATION AND EXPENSES</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">8.1. <B>Termination</B>.
This Agreement may be terminated and the transactions contemplated hereby may be abandoned at any time prior to the Closing as
follows:</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a) by
mutual written consent of the Purchaser and the Company;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b) by
written notice by the Purchaser or the Company if any of the conditions to the Closing set forth in <U>ARTICLE VII</U> have not
been satisfied or waived by November 15, 2018 (the &ldquo;<B><I>Outside Date</I></B>&rdquo;); <U>provided</U>, <U>however</U>,
the right to terminate this Agreement under this <U>Section 8.1(b)</U> shall not be available to a Party if the breach or violation
by such Party or its Affiliates of any representation, warranty, covenant or obligation under this Agreement was the cause of,
or resulted in, the failure of the Closing to occur on or before the Outside Date;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(c) by
written notice by either the Purchaser or the Company if a Governmental Authority of competent jurisdiction shall have issued
an Order or taken any other action permanently restraining, enjoining or otherwise prohibiting the transactions contemplated by
this Agreement, and such Order or other action has become final and non-appealable; <U>provided</U>, <U>however</U>, that the
right to terminate this Agreement pursuant to this <U>Section 8.1(c)</U> shall not be available to a Party if the failure by such
Party or its Affiliates to comply with any provision of this Agreement has been a substantial cause of, or substantially resulted
in, such action by such Governmental Authority;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(d) by
written notice by the Company, if (i) there has been a material breach by the Purchaser of any of its representations, warranties,
covenants or agreements contained in this Agreement, or if any representation or warranty of the Purchaser shall have become materially
untrue or materially inaccurate, in any case, which would result in a failure of a condition set forth in <U>Section 7.2(a)</U>
or <U>Section 7.2(b)</U> to be satisfied (treating the Closing Date for such purposes as the date of this Agreement or, if later,
the date of such breach), and (ii) the breach or inaccuracy is incapable of being cured or is not cured within the earlier of
(A) twenty (20) days after written notice of such breach or inaccuracy is provided by the Company or (B) the Outside Date;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(e) by
written notice by the Purchaser, if (i) there has been a breach by the Company of any of its representations, warranties, covenants
or agreements contained in this Agreement, or if any representation or warranty of such Parties shall have become untrue or inaccurate,
in any case, which would result in a failure of a condition set forth in <U>Section 7.3(a) </U>or <U>Section 7.3(b)</U> to be
satisfied (treating the Closing Date for such purposes as the date of this Agreement or, if later, the date of such breach), and
(ii) the breach or inaccuracy is incapable of being cured or is not cured within the earlier of (A) twenty (20) days after written
notice of such breach or inaccuracy is provided by the Purchaser or (B) the Outside Date;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(f) by
written notice by the Purchaser if there shall have been a Material Adverse Effect on the Company or its Subsidiaries following
the date of this Agreement which is uncured and continuing;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(g) by
written notice by either the Purchaser or the Company, if the Purchaser Special Meeting has been held (including any adjournment
or postponement thereof), has concluded, Purchaser&rsquo;s stockholders have duly voted, and the Required Purchaser Stockholder
Approval was not obtained; or</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(h) by
written notice by either the Purchaser or the Company, if the Company Stockholder Meeting has been held (including any adjournment
or postponement thereof), has concluded, the Company&rsquo;s Stockholders have duly voted, and the Required Company Stockholder
Approval was not obtained.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<!-- Field: Page; Sequence: 37; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->34<!-- Field: /Sequence -->-</TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">8.2. <B>Effect
of Termination</B>. This Agreement may only be terminated in the circumstances described in <U>Section 8.1</U> and pursuant to
a written notice delivered by the applicable Party to the other applicable Parties, which sets forth the basis for such termination,
including the provision of <U>Section 8.1</U> under which such termination is made. In the event of the valid termination of this
Agreement pursuant to <U>Section 8.1</U>, this Agreement shall forthwith become void, and there shall be no Liability on the part
of any Party or any of their respective Representatives, and all rights and obligations of each Party shall cease, except: (i)
<U>Sections 5.4</U>, <U>5.5</U>, <U>9.2</U>, ARTICLE IX and this <U>Section 8.2</U> shall survive the termination of this Agreement,
and (ii) nothing herein shall relieve any Party from Liability for any willful breach of any representation, warranty, covenant
or obligation under this Agreement or any Fraud Claim against such Party, in either case, prior to termination of this Agreement
(in each case of clauses (i) and (ii) above, subject to ARTICLE VII). Without limiting the foregoing, and except as provided in
<U>Section 9.2</U> and this <U>Section (g)</U>, but subject to Section <U>ARTICLE VII</U>, the Parties&rsquo; sole right prior
to the Closing with respect to any breach of any representation, warranty, covenant or other agreement contained in this Agreement
by another Party or with respect to the transactions contemplated by this Agreement shall be the right, if applicable, to terminate
this Agreement pursuant to <U>Section 8.1.</U></FONT></P>

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

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">ARTICLE
IX<BR>
GENERAL PROVISIONS</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">9.1. <B>Notices.
</B>Any notice, request, instruction or other document to be given hereunder by a party hereto shall be in writing and shall be
deemed to have been given, (i) when received if given in person or by courier or a courier service, (ii) on the date of transmission
if sent by facsimile or email (with affirmative confirmation of receipt, and provided, that the party providing notice shall within
two (2) Business Days provide notice by another method under this <U>Section 9.1</U>) or (iii) three (3) Business Days after being
deposited in the U.S. mail, certified or registered mail, postage prepaid:</FONT></P>

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 49%">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>If to the Stockholder Representative, any Stockholder or,
        prior to the Closing, the Company, to:</I></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>&nbsp;</I></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">DatChat, Inc.<BR>
        65 Church Street, 2nd Floor<BR>
        New Brunswick, NJ 08901<BR>
        Attn: Darin Myman, CEO<BR>
        Facsimile No.: (732) 910-8820<BR>
        Telephone No: (732)-354-4766<BR>
        Email: dmyman@datchats.com</P></TD>
    <TD STYLE="width: 2%; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 49%">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>with a copy (which will not constitute notice) to:</I></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Sheppard Mullin<BR>
        30 Rockefeller Plaza, 39th Floor</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">New York, NY 10112<BR>
        Attn: Richard A. Friedman, Esq.<BR>
        Facsimile No.: (212) 655-1729<BR>
        Telephone No.: (212) 634-3031<BR>
        Email: rafriedman@sheppardmullin.com</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>If to Purchaser or, after the Closing, the Company, to:</I></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Spherix Inc.<BR>
        One Rockefeller Plaza; 11th Fl</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">New York, NY 10020<BR>
        Attention: Anthony Hayes, CEO<BR>
        Telephone No.: (212) 745-1372</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Email: ahayes@spherix.com</P></TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>with a copy (which will not constitute notice) to:</I></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>&nbsp;</I></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">Ellenoff Grossman &amp; Schole LLP<BR>
        1345 Avenue of the Americas, 11th Floor<BR>
        New York, New York 10105<BR>
        Attention: Robert F. Charron, Esq.<BR>
        Facsimile No.: (212) 401-4741</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">Telephone No.: (212) 370-1300</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">Email: rcharron@egsllp.com</P></TD></TR>
</TABLE>


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">or
to such other individual or address as a party hereto may designate for itself by notice given as herein provided.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">9.2. <B>Fees
and Expenses</B>. Subject to <U>Section 9.15</U>, all Expenses incurred in connection with this Agreement and the transactions
contemplated hereby shall be paid by the Party incurring such expenses. As used in this Agreement, &ldquo;<B><I>Expenses</I></B>&rdquo;
shall include all out-of-pocket expenses (including all fees and expenses of counsel, accountants, investment bankers, financial
advisors, financing sources, experts and consultants to a Party hereto or any of its Affiliates) incurred by a Party or on its
behalf in connection with or related to the authorization, preparation, negotiation, execution or performance of this Agreement
or any Ancillary Document related hereto and all other matters related to the consummation of this Agreement.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">9.3. <B>Severability.
</B>In case any one or more of the provisions contained in this Agreement should be held invalid, illegal or unenforceable in
any respect, the validity, legality, and enforceability of the remaining provisions will not in any way be affected or impaired.
Any illegal or unenforceable term will be deemed to be void and of no force and effect only to the minimum extent necessary to
bring such term within the provisions of applicable Law and such term, as so modified, and the balance of this Agreement will
then be fully enforceable. The parties will substitute for any invalid, illegal or unenforceable provision a suitable and equitable
provision that carries out, so far as may be valid, legal and enforceable, the intent and purpose of such invalid, illegal or
unenforceable provision.</FONT></P>

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

<!-- Field: Page; Sequence: 38; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->35<!-- Field: /Sequence -->-</TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">9.4. <B>Assignment.
</B>This Agreement may not be assigned by any party without the prior written consent of the other parties hereto, and any attempted
assignment in violation of this <U>Section 9.4</U> will be null and void ab initio; <U>provided</U>, <U>however</U>, that after
the Closing, Purchaser and the Company may assign its rights and benefits hereunder (i) to any Affiliate of Purchaser or the Company,
as applicable (provided, that Purchaser or the Company, as applicable, shall remain primarily responsible for its obligations
hereunder), (ii) to any Person acquiring all or substantially all of the assets of Purchaser and its Subsidiaries taken as a whole
or all or substantially all of the assets of the Company and its Subsidiaries taken as a whole or a majority of the outstanding
equity securities of Purchaser or the Company (whether by stock purchase, merger, consolidation or otherwise); <U>provided</U>,
that the assignee expressly assumes the obligations of Purchaser or the Company, as applicable, hereunder or (iii) as security
to any Person providing debt financing to Purchaser or its Affiliates for the transactions contemplated hereby. Subject to the
preceding sentence, this Agreement will apply to, be binding in all respects upon and inure to the benefit of the successors and
permitted assigns of each party hereto.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">9.5. <B>No
Third-Party Beneficiaries.</B> Except for the indemnification rights of the Indemnified Parties set forth herein, this Agreement
is for the sole benefit of the parties hereto and their successors and permitted assigns and nothing herein expressed or implied
shall give or be construed to give to any Person, other than the parties hereto and such successors and permitted assigns, any
legal or equitable rights hereunder.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">9.6. <B>Amendment;
Waiver.</B> This Agreement may not be amended or modified except by an instrument in writing signed by each of the Parties hereto.
Notwithstanding anything to the contrary contained herein: (a) the failure of any party at any time to require performance by
the other of any provision of this Agreement will not affect such party&rsquo;s right thereafter to enforce the same; (b) no waiver
by any party of any default by any other party will be valid unless in writing and acknowledged by an authorized representative
of the non-defaulting party, and no such waiver will be taken or held to be a waiver by such party of any other preceding or subsequent
default; and (c) no extension of time granted by any party for the performance of any obligation or act by any other party will
be deemed to be an extension of time for the performance of any other obligation or act hereunder.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">9.7. <B>Entire
Agreement.</B> This Agreement (including the Exhibits and Schedules hereto, which are hereby incorporated herein by reference
and deemed part of this Agreement), together with the Ancillary Documents constitute the entire agreement among the parties hereto
with respect to the subject matter hereof and supersede all prior agreements and undertakings, both written and oral, with respect
to the subject matter hereof.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">9.8. <B>Remedies.
</B>Except as specifically set forth in this Agreement, any party having any rights under any provision of this Agreement will
have all rights and remedies set forth in this Agreement and all rights and remedies which such party may have been granted at
any time under any other contract or agreement and all of the rights which such party may have under any applicable Law. Except
as specifically set forth in this Agreement, any such party will be entitled to (a) enforce such rights specifically, without
posting a bond or other security or proving damages or that monetary damages would be inadequate, (b) to recover damages by reason
of a breach of any provision of this Agreement and (c) to exercise all other rights granted by applicable Law. The exercise of
any remedy by a party will not preclude the exercise of any other remedy by such party.</FONT></P>

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

<!-- Field: Page; Sequence: 39; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->36<!-- Field: /Sequence -->-</TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">9.9. <B>Dispute
Resolution.</B> Any and all disputes, controversies and claims (other than applications for a temporary restraining order, preliminary
injunction, permanent injunction or other equitable relief or application for enforcement of a resolution under this <U>Section
9.9</U>) arising out of, related to, or in connection with this Agreement or the transactions contemplated hereby (a &ldquo;<B><I>Dispute</I></B>&rdquo;)
shall be governed by this <U>Section 9.9</U>. A party must, in the first instance, provide written notice of any Disputes to the
other parties subject to such Dispute, which notice must provide a reasonably detailed description of the matters subject to the
Dispute. The parties involved in such Dispute shall seek to resolve the Dispute on an amicable basis within ten (10) Business
Days of the notice of such Dispute being received by such other parties subject to such Dispute; the &ldquo;<B><I>Resolution Period</I></B>&rdquo;);
provided, that if any Dispute would reasonably be expected to have become moot or otherwise irrelevant if not decided within sixty
(60) days after the occurrence of such Dispute, then there shall be no Resolution Period with respect to such Dispute. Any Dispute
that is not resolved during the Resolution Period may immediately be referred to and finally resolved by arbitration pursuant
to the then-existing Expedited Procedures of the Commercial Arbitration Rules (the &ldquo;<B><I>AAA Procedures</I></B>&rdquo;)
of the American Arbitration Association (the &ldquo;<B><I>AAA</I></B>&rdquo;). Any party involved in such Dispute may submit the
Dispute to the AAA to commence the proceedings after the Resolution Period. To the extent that the AAA Procedures and this Agreement
are in conflict, the terms of this Agreement shall control. The arbitration shall be conducted by one arbitrator nominated by
the AAA promptly (but in any event within five (5) Business Days) after the submission of the Dispute to the AAA and reasonably
acceptable to each party subject to the Dispute, which arbitrator shall be a commercial lawyer with substantial experience arbitrating
disputes under acquisition agreements. The arbitrator shall accept his or her appointment and begin the arbitration process promptly
(but in any event within five (5) Business Days) after his or her nomination and acceptance by the parties subject to the Dispute.
The proceedings shall be streamlined and efficient. The arbitrator shall decide the Dispute in accordance with the substantive
law of the State of Delaware. Time is of the essence. Each party shall submit a proposal for resolution of the Dispute to the
arbitrator within twenty (20) days after confirmation of the appointment of the arbitrator. The arbitrator shall have the power
to order any party to do, or to refrain from doing, anything consistent with this Agreement, the Ancillary Documents and applicable
Law, including to perform its contractual obligation(s); <U>provided</U>, that the arbitrator shall be limited to ordering pursuant
to the foregoing power (and, for the avoidance of doubt, shall order) the relevant party (or parties, as applicable) to comply
with only one or the other of the proposals. The arbitrator&rsquo;s award shall be in writing and shall include a reasonable explanation
of the arbitrator&rsquo;s reason(s) for selecting one or the other proposal. The seat of arbitration shall be in New York County,
State of New York, and the language of the arbitration shall be English.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-variant: small-caps">9.10. </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Governing
Law; Jurisdiction.</B> This Agreement shall be governed by, and construed in accordance with, the laws of the State of Delaware
(without giving effect to its choice of law principles). Subject to <U>Section 9.9</U>, for purposes of any Action arising out
of or in connection with this Agreement or any transaction contemplated hereby, each party hereto (a) irrevocably submits to the
exclusive jurisdiction and venue of any state or federal court located within New York County, State of New York (or in any court
in which appeal from such courts may be taken), (b) agrees that service of any process, summons, notice or document by U.S. registered
mail to such party&rsquo;s respective address set forth in <U>Section 9.1</U> shall be effective service of process for any Action
with respect to any matters to which it has submitted to jurisdiction in this <U>Section 9.10</U>, (c) waives and covenants not
to assert or plead, by way of motion, as a defense or otherwise, in any such Action, any claim that it is not subject personally
to the jurisdiction of such court, that the Action is brought in an inconvenient forum, that the venue of the Action is improper
or that this Agreement or the subject matter hereof may not be enforced in or by such court, and hereby agrees not to challenge
such jurisdiction or venue by reason of any offsets or counterclaims in any such Action, and (d) waives any bond, surety or other
security that might be required of any other party with respect thereto. Each party hereto agrees that a final judgment in any
such Action shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other manner provided
by law or in equity.</FONT></P>

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

<!-- Field: Page; Sequence: 40; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->37<!-- Field: /Sequence -->-</TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-variant: small-caps">9.11. <B>Waiver
of Jury Trial</B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">.</FONT></B><FONT STYLE="font: 10pt Times New Roman, Times, Serif">
<FONT STYLE="font-variant: small-caps">The parties hereto hereby knowingly, voluntarily and intentionally waive the right any
may have to a trial by jury in respect to any litigation based hereon, or arising out of, under, or in connection with this Agreement
and any agreement contemplated to be executed in connection herewith, or any course of conduct, course of dealing, statements
(whether verbal or written) or actions of any party in connection with such agreements, in each case whether now existing or hereafter
arising and whether sounding in tort or contract or otherwise. Each party hereto acknowledges that it has been informed by the
other parties hereto that this <U>Section 9.11</U> constitutes a material inducement upon which they are relying and will rely
in entering into this Agreement. Any party hereto may file an original counterpart or a copy of this <U>Section 9.11</U> with
any court as written evidence of the consent of each such party to the waiver of its right to trial by jury.</FONT></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">9.12. <B>Interpretation.
</B>The table of contents and the headings and subheadings of this Agreement are for reference and convenience purposes only and
in no way modify, interpret or construe the meaning of specific provisions of the Agreement. In this Agreement, unless the context
otherwise requires: (i) whenever required by the context, any pronoun used in this Agreement shall include the corresponding masculine,
feminine or neuter forms, and the singular form of nouns, pronouns and verbs shall include the plural and vice versa; (ii) reference
to any Person includes such Person&rsquo;s successors and assigns but, if applicable, only if such successors and assigns are
permitted by this Agreement, and reference to a Person in a particular capacity excludes such Person in any other capacity; (iii)
&ldquo;including&rdquo; (and with correlative meaning &ldquo;include&rdquo;) means including without limiting the generality of
any description preceding or succeeding such term and shall be deemed in each case to be followed by the words &ldquo;without
limitation&rdquo;; (iv) the words &ldquo;herein,&rdquo; &ldquo;hereto,&rdquo; and &ldquo;hereby&rdquo; and other words of similar
import in this Agreement shall be deemed in each case to refer to this Agreement as a whole and not to any particular Section
or other subdivision of this Agreement; (v) the word &ldquo;if&rdquo; and other words of similar import when used herein shall
be deemed in each case to be followed by the phrase &ldquo;and only if&rdquo;; (vi) the term &ldquo;or&rdquo; means &ldquo;and/or&rdquo;;
(vii) reference to &ldquo;dollars&rdquo; or &ldquo;$&rdquo; shall mean United States Dollars; (viii) reference to any statute
includes any rules and regulations promulgated thereunder; (ix) any agreement, instrument, insurance policy, Law or Order defined
or referred to herein or in any agreement or instrument that is referred to herein means such agreement, instrument, insurance
policy, Law or Order as from time to time amended, modified or supplemented, including (in the case of agreements or instruments)
by waiver or consent and (in the case of statutes, regulations, rules or orders) by succession of comparable successor statutes,
regulations, rules or orders and references to all attachments thereto and instruments incorporated therein; and (x) except as
otherwise indicated, all references in this Agreement to the words &ldquo;Section,&rdquo; &ldquo;Schedule&rdquo; and &ldquo;Exhibit&rdquo;
are intended to refer to Sections, Schedules and Exhibits to this Agreement.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">9.13. <B>Specific
Performance</B>. Each Party acknowledges that the rights of each Party to consummate the transactions contemplated hereby are
unique, recognizes and affirms that in the event of a breach of this Agreement by any Party, money damages may be inadequate and
the non-breaching Parties may have not adequate remedy at law, and agree that irreparable damage would occur in the event that
any of the provisions of this Agreement were not performed by an applicable Party in accordance with their specific terms or were
otherwise breached. Accordingly, each Party shall be entitled to seek an injunction or restraining order to prevent breaches of
this Agreement and to seek to enforce specifically the terms and provisions hereof, without the requirement to post any bond or
other security or to prove that money damages would be inadequate, this being in addition to any other right or remedy to which
such Party may be entitled under this Agreement, at law or in equity.</FONT></P>

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

<!-- Field: Page; Sequence: 41; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->38<!-- Field: /Sequence -->-</TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">9.14. <B>Counterparts.
</B>This Agreement may be executed in one or more counterparts, and by the different parties hereto in separate counterparts,
each of which when executed shall be deemed to be an original but all of which taken together shall constitute one and the same
agreement. A photocopy, faxed, scanned and/or emailed copy of this Agreement or any Ancillary Document or any signature page to
this Agreement or any Ancillary Document, shall have the same validity and enforceability as an originally signed copy.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">9.15. <B>Stockholder
Representative</B>.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a) By
the execution and delivery of this Agreement, the Company and each Company Stockholder on behalf of itself and its successors
and assigns, hereby irrevocably constitutes and appoints Darin Myman, in his capacity as the Stockholder Representative, as the
true and lawful agent and attorney-in-fact of the Company with full powers of substitution to act in the name, place and stead
of thereof with respect to the performance on behalf of such Person under the terms and provisions of this Agreement and the Ancillary
Documents to which the Stockholder Representative is a party, as the same may be from time to time amended, and to do or refrain
from doing all such further acts and things, and to execute all such documents on behalf of such Person, if any, as the Stockholder
Representative will deem necessary or appropriate in connection with any of the transactions contemplated under this Agreement
or any of the Ancillary Documents to which the Stockholder Representative is a party, including: (i) bringing, managing, controlling,
defending and settling on behalf of an Indemnified Party or Indemnifying Party any indemnification claims by or against any of
them under <U>ARTICLE VI</U>, including controlling, defending, managing, settling and participating in any Third Party Claim
in accordance with <U>Section 6.5</U>; (ii) acting on behalf of such Person under the Escrow Agreement; (iii) terminating, amending
or waiving on behalf of such Person any provision of this Agreement or any Ancillary Documents to which the Stockholder Representative
is a party (provided, that any such action, if material to the rights and obligations of the Company Stockholders in the reasonable
judgment of the Stockholder Representative, will be taken in the same manner with respect to all Company Stockholders unless otherwise
agreed by each Company Stockholder who is subject to any disparate treatment of a potentially adverse nature); (iv) signing on
behalf of such Person any releases or other documents with respect to any dispute or remedy arising under this Agreement or any
Ancillary Documents to which the Stockholder Representative is a party; (v) employing and obtaining the advice of legal counsel,
accountants and other professional advisors as the Stockholder Representative, in its sole discretion, deems necessary or advisable
in the performance of its duties as the Stockholder Representative and to rely on their advice and counsel; (vi) incurring and
paying expenses, including fees of brokers, attorneys and accountants incurred pursuant to the transactions contemplated hereby,
and any other fees and expenses allocable or in any way relating to such transaction or any indemnification claim, whether incurred
prior or subsequent to Closing; (vii) receiving all or any portion of the consideration provided to the Company Stockholders under
this Agreement and to distribute the same to the Company Stockholders in accordance with their Pro Rata Shares; and (ix) otherwise
enforcing the rights and obligations of any such Persons under this Agreement and the Ancillary Documents to which the Stockholder
Representative is a party, including giving and receiving all notices and communications hereunder or thereunder on behalf of
such Person. All decisions and actions by the Stockholder Representative, including any agreement between the Stockholder Representative
and the Purchaser or any Indemnified Party relating to the defense or settlement of any claims for which an Indemnifying Party
may be required to indemnify an Indemnified Party pursuant to <U>ARTICLE VI</U> shall be binding upon the Company, each Company
Stockholder and their respective successors and assigns, and they shall not have the right to object, dissent, protest or otherwise
contest the same. The provisions of this <U>Section 9.15</U> are irrevocable and coupled with an interest. The Stockholder Representative
hereby accepts its appointment and authorization as the Stockholder Representative under this Agreement</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<!-- Field: Page; Sequence: 42; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->39<!-- Field: /Sequence -->-</TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b) Any
other Person, including the Purchaser, the Company and the Indemnified Parties and the Indemnifying Parties may conclusively and
absolutely rely, without inquiry, upon any actions of the Stockholder Representative as the acts of Company and the Company Stockholders
hereunder or any Ancillary Document to which the Stockholder Representative is a party. The Purchaser, the Company and each Indemnified
Party and Indemnifying Party shall be entitled to rely conclusively on the instructions and decisions of the Stockholder Representative
as to (i) the settlement of any claims for indemnification by an Indemnified Party pursuant to <U>ARTICLE VI</U> (ii) any payment
instructions provided by the Stockholder Representative or (iii) any other actions required or permitted to be taken by the Stockholder
Representative hereunder, and neither the Company, any Company Stockholder nor any Indemnifying Party shall have any cause of
action against the Purchaser, the Company or any other Indemnified Party for any action taken by any of them in reliance upon
the instructions or decisions of the Stockholder Representative. The Purchaser, the Company and the other Indemnified Parties
shall not have any liability to the Company or any Company Stockholder or Indemnifying Party for any allocation or distribution
among the Company Stockholders by the Stockholder Representative of payments made to or at the direction of the Stockholder Representative.
All notices or other communications required to be made or delivered to the Company or a Company Stockholder under this Agreement
or any Ancillary Document to which the Stockholder Representative is a party shall be made to the Stockholder Representative for
the benefit of such Company Stockholder, and any notices so made shall discharge in full all notice requirements of the other
parties hereto or thereto to such Company Stockholder with respect thereto. All notices or other communications required to be
made or delivered by the Company or a Company Stockholder shall be made by the Stockholder Representative (except for a notice
under <U>Section 9.15(d)</U> of the replacement of the Stockholder Representative).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(c) The
Stockholder Representative will act for the Company and the Company Stockholders on all of the matters set forth in this Agreement
in the manner the Stockholder Representative believes to be in the best interest of the Company and the Company Stockholders,
but the Stockholder Representative will not be responsible to the Company or the Company Stockholders for any Losses that Company
or the Company Stockholders or Indemnifying Party may suffer by reason of the performance by the Stockholder Representative of
the Stockholder Representative&rsquo;s duties under this Agreement, other than Losses arising from the bad faith, gross negligence
or willful misconduct by the Stockholder Representative in the performance of its duties under this Agreement. The Company agrees
to indemnify, defend and hold the Stockholder Representative harmless from and against any and all Losses reasonably incurred
or suffered as a result of the performance of the Stockholder Representative&rsquo;s duties under this Agreement, except for any
such liability arising out of the bad faith, gross negligence or willful misconduct of the Stockholder Representative. The Stockholder
Representative will not be entitled to any fee, commission or other compensation for the performance of its services hereunder,
but will be entitled to the payment from the Company of all its expenses incurred as the Stockholder Representative.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(d) If
the Stockholder Representative shall die, become disabled, dissolve, resign or otherwise be unable or unwilling to fulfill its
responsibilities as representative and agent of Company Stockholders, then the Company Stockholders shall, within ten (10) days
after such death, disability, dissolution, resignation or other event, appoint a successor Stockholder Representative (by vote
or written consent of the Company Stockholders holding in the aggregate Pro Rata Shares in excess of fifty percent (50%)), and
promptly thereafter (but in any event within two (2) Business Days after such appointment) notify the Purchaser in writing of
the identity of such successor. Any such successor so appointed shall become the &ldquo;Stockholder Representative&rdquo; for
purposes of this Agreement.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-variant: small-caps"><B><I>[Remainder
of Page Intentionally Left Blank; Signatures Appear on Following Page]</I></B></FONT></P>

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

<!-- Field: Page; Sequence: 43; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->40<!-- Field: /Sequence -->-</TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">IN
WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed and delivered as of the date first written
above.</FONT></P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left; text-indent: 0in"><FONT STYLE="font-size: 10pt"><I>&nbsp;</I></FONT></TD>
    <TD COLSPAN="3" STYLE="text-align: left; text-indent: 0in"><FONT STYLE="font-size: 10pt"><I>Purchaser:</I></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left; text-indent: 0in">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: left; text-indent: 0in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left; text-indent: 0in">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: left; text-indent: 0in"><FONT STYLE="font-size: 10pt"><B>SPHERIX INC.</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left; text-indent: 0in">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: left; text-indent: 0in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left; text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in"><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD COLSPAN="2" STYLE="text-align: left; text-indent: 0in; border-bottom: Black 1.5pt solid">/s/ Anthony Hayes</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left; text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: left; text-indent: 0in"><FONT STYLE="font-size: 10pt">Name: Anthony Hayes</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left; text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: left; text-indent: 0in"><FONT STYLE="font-size: 10pt">Title: CEO</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left; text-indent: 0in"><FONT STYLE="font-size: 10pt"><I>&nbsp;</I></FONT></TD>
    <TD COLSPAN="3" STYLE="text-align: left; text-indent: 0in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left; text-indent: 0in"><FONT STYLE="font-size: 10pt"><I>&nbsp;</I></FONT></TD>
    <TD COLSPAN="3" STYLE="text-align: left; text-indent: 0in"><FONT STYLE="font-size: 10pt"><I>Merger Sub:</I></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left; text-indent: 0in">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: left; text-indent: 0in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left; text-indent: 0in">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: left; text-indent: 0in"><FONT STYLE="font-size: 10pt"><B>SPHERIX MERGER SUBISDIARY INC.</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left; text-indent: 0in">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: left; text-indent: 0in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left; text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in"><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD COLSPAN="2" STYLE="text-align: left; text-indent: 0in; border-bottom: Black 1.5pt solid">/s/ Anthony Hayes</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left; text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: left; text-indent: 0in"><FONT STYLE="font-size: 10pt">Name: Anthony Hayes</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left; text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: left; text-indent: 0in"><FONT STYLE="font-size: 10pt">Title: President</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left; text-indent: 0in"><FONT STYLE="font-size: 10pt"><I>&nbsp;</I></FONT></TD>
    <TD COLSPAN="3" STYLE="text-align: left; text-indent: 0in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left; text-indent: 0in"><FONT STYLE="font-size: 10pt"><I>&nbsp;</I></FONT></TD>
    <TD COLSPAN="3" STYLE="text-align: left; text-indent: 0in"><FONT STYLE="font-size: 10pt"><I>The Company:</I></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left; text-indent: 0in">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: left; text-indent: 0in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left; text-indent: 0in">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: left; text-indent: 0in"><FONT STYLE="font-size: 10pt"><B>DATCHAT, INC.</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left; text-indent: 0in">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: left; text-indent: 0in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left; text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in"><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD COLSPAN="2" STYLE="text-align: left; text-indent: 0in; border-bottom: Black 1.5pt solid">/s/ Darin Myman</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left; text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: left; text-indent: 0in"><FONT STYLE="font-size: 10pt">Name: Darin Myman</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left; text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: left; text-indent: 0in"><FONT STYLE="font-size: 10pt">Title: CEO</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left; text-indent: 0in"><FONT STYLE="font-size: 10pt"><I>&nbsp;</I></FONT></TD>
    <TD COLSPAN="3" STYLE="text-align: left; text-indent: 0in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left; text-indent: 0in"><FONT STYLE="font-size: 10pt"><I>&nbsp;</I></FONT></TD>
    <TD COLSPAN="3" STYLE="text-align: left; text-indent: 0in"><FONT STYLE="font-size: 10pt"><I>Stockholder Representative:</I></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left; text-indent: 0in">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: left; text-indent: 0in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left; text-indent: 0in">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: left; text-indent: 0in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify; text-indent: 0in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: justify; text-indent: 0in; border-bottom: Black 1.5pt solid">/s/ Darin Myman</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 60%">&nbsp;</TD>
    <TD STYLE="width: 4%">&nbsp;</TD>
    <TD STYLE="width: 4%"><FONT STYLE="font-size: 10pt">Name:</FONT></TD>
    <TD STYLE="width: 32%"><FONT STYLE="font-size: 10pt">Darin Myman</FONT></TD></TR>
</TABLE>


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B><I>[Signature
Page to Merger Agreement]</I></B></P>

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

<!-- Field: Page; Sequence: 44 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Exhibit
A</B><BR>
<B><U>Definitions</U></B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>1. <U>Certain
Defined Terms</U>.</B> As used in the Agreement, the following terms shall have the following meanings:</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<B><I>Action</I></B>&rdquo;
means any notice of noncompliance or violation, or any claim, demand, charge, action, suit, litigation, audit, settlement, complaint,
stipulation, assessment or arbitration, or any request (including any request for information), inquiry, hearing, proceeding or
investigation, by or before any Governmental Authority.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<B><I>Affiliate</I></B>&rdquo;
has the meaning set forth in Rule 12b-2 of the regulations under the Securities Exchange Act of 1934, as amended.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<B><I>Ancillary
Documents</I></B>&rdquo; means each agreement, instrument or document attached hereto as an Exhibit, including the Escrow Agreement,
Articles of Merger and the other agreements, certificates and instruments to be executed or delivered by any of the parties hereto
in connection with or pursuant to this Agreement.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<B><I>Business
Day</I></B>&rdquo; means any day that is not a Saturday, Sunday or any other day on which banks are required or authorized by
Law to be closed in New York City, New York.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<B><I>Code</I></B>&rdquo;
means the Internal Revenue Code of 1986 and any successor statute thereto, as amended. Reference to a specific section of the
Code shall include such section, any valid regulation promulgated thereunder, and any comparable provision of any future legislation
amending, supplementing or superseding such section.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<B><I>Company
Common Stock</I></B>&rdquo; means the common stock, par value $0.0001 per share, of the Company.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<B><I>Company
Notes</I></B>&rdquo; means the Senior Convertible Promissory Notes of the Company, including the Hudson Bay Note.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<B><I>Company
Preferred Stock</I></B>&rdquo; means the preferred stock, par value $0.0001 per share, of the Company.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<B><I>Company
Stock</I></B>&rdquo; means any shares of the Company Common Stock and the Company Preferred Stock.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<B><I>Company
Stockholders</I></B>&rdquo; means, collectively, the holders of Company Stock.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<B><I>Company
Warrants</I></B>&rdquo; means those warrants entitling the holders thereof to purchase Company Stock, including the Hudson Bay
Warrant.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<!-- Field: Page; Sequence: 45; Options: NewSection; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->1<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<B><I>Confidential
Information</I></B>&rdquo; means any information concerning the business and affairs of the Company or Purchaser or its Affiliates
that is not generally available to the public, including know-how, trade secrets, customer lists, details of customer or consultant
contracts, pricing policies, operational methods and marketing plans or strategies, and any information disclosed to the Company
or Purchaser or their respective Affiliates by third parties to the extent that they have an obligation of confidentiality in
connection therewith.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<B><I>Contract</I></B>&rdquo;
means any contract, agreement, binding arrangement, commitment or understanding, bond, note, indenture, mortgage, debt instrument,
license (or any other contract, agreement or binding arrangement concerning Intellectual Property), franchise, lease or other
instrument or obligation of any kind, written or oral (including any amendments or other modifications thereto).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<B><I>Copyrights</I></B>&rdquo;
means all works of authorship, mask works and all copyrights therein, including all renewals and extensions, copyright registrations
and applications for registration and renewal, and non-registered copyrights.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<B><I>Disclosure
Schedules</I></B>&rdquo; means the disclosure schedules to this Agreement dated as of the date hereof and forming a part of this
Agreement.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<B><I>Enforceability
Exceptions</I></B>&rdquo; means bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting the enforcement
of creditors&rsquo; rights generally and general principles of equity (regardless of whether enforceability is considered in a
proceeding at law or in equity).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<B><I>Exchange
Act</I></B>&rdquo; means the Securities Exchange Act of 1934, as amended.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<B><I>Fraud
Claim</I></B>&rdquo; means any claim based in whole or in part upon fraud, willful misconduct or intentional misrepresentation.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<B><I>GAAP</I></B>&rdquo;
means United States generally accepted accounting principles applied on a consistent basis.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<B><I>Governing
Documents</I></B>&rdquo; means, with respect to any entity, its certificate of incorporation, certificate of formation or similar
charter document and its bylaws, operating agreement or similar governing document.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<B><I>Governmental
Authority</I></B>&rdquo; means any federal, state, local, foreign or other governmental, quasi-governmental or administrative
body, instrumentality, department or agency or any court, tribunal, administrative hearing body, arbitration panel, commission,
or other similar dispute-resolving panel or body. The term &ldquo;Governmental Authority&rdquo; includes any Person acting on
behalf of a Governmental Authority.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<B><I>Hudson
Bay Note</I></B>&rdquo; means the convertible Promissory Note in the original principal amount of $300,000, issued to Hudson Bay
Master Fund Limited.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<B><I>Hudson
Bay Warrant</I></B>&rdquo; means the warrant to purchase 1,500,000 shares of Company Common Stock at an exercise price of $0.20
per share, issued to Hudson Bay Master Fund Limited.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<B><I>Indebtedness</I></B>&rdquo;
means, without duplication, (a) the outstanding principal of, and accrued and unpaid interest on, all bank or other third party
indebtedness for borrowed money of the Company, including indebtedness under any bank credit agreement and any other related agreements
and all obligations of the Company evidenced by notes, debentures, bonds or other similar instruments for the payment of which
the Company is responsible or liable, (b) all obligations of the Company for the reimbursement of any obligor on any line or letter
of credit, banker&rsquo;s acceptance, guarantee or similar credit transaction, in each case, that has been drawn or claimed against,
(c) all obligations of the Company issued or assumed for deferred purchase price payments, (d) all interest rate and currency
swaps, caps, collars and similar agreements or hedging devices under which payments are obligated to be made by the Company, whether
periodically or upon the happening of a contingency, (e) all obligations of the Company secured by a Lien (other than a Permitted
Lien) on any asset of the Company, whether or not such obligation is assumed by the Company, (f) any premiums, prepayment fees
or other penalties, fees, costs or expenses associated with payment of any Indebtedness and (g) all obligation described in clauses
(a) through (f) above of any other Person which is directly or indirectly guaranteed by the Company or which the Company has agreed
(contingently or otherwise) to purchase or otherwise acquire or in respect of which it has otherwise assured a creditor against
loss. In no event shall Indebtedness include trade payables.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<!-- Field: Page; Sequence: 46; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->2<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<B><I>Intellectual
Property</I></B>&rdquo; means all of the following, including any applications to register any of the following, as they exist
in any jurisdiction throughout the world: (a) Patents; (b) Trademarks; (c) Copyrights; (d) Trade Secrets; (e) all domain name
and domain name registrations, web sites and web pages and related rights, registrations, items and documentation related thereto;
(f) Software; (g) rights of publicity and privacy, and moral rights, and (h) all licenses, sublicenses, permissions, and other
agreements related to the preceding property.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<B><I>IRS</I></B>&rdquo;
means the U.S. Internal Revenue Service or any successor entity.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<B><I>Knowledge</I></B>&rdquo;
means: (i) with respect to the Company, the actual knowledge of a particular matter by any executive officer or director of the
Company, after reasonable due inquiry; (ii) with respect to any Stockholder shall mean the actual present knowledge of a particular
matter by such Stockholder; and (iii) with respect to the Purchaser, the actual present knowledge of a particular matter by any
of the executive officers or directors of the Purchaser, after reasonable due inquiry.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<B><I>Law</I></B>&rdquo;
means any federal, state, local, municipal, foreign or other law, statute, legislation, principle of common law, ordinance, code,
edict, decree, proclamation, treaty, convention, rule, regulation, directive, requirement, writ, injunction, settlement, Permit
or Order that is or has been issued, enacted, adopted, passed, approved, promulgated, made, implemented or otherwise put into
effect by or under the authority of any Governmental Authority.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<B><I>Liabilities</I></B>&rdquo;
means any and all debts, liabilities and obligations of any nature whatsoever, whether accrued or fixed, absolute or contingent,
mature or unmatured or determined or determinable, including those arising under any Law, Action, Order or Contract.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<B><I>Lien</I></B>&rdquo;
means any interest (including any security interest), pledge, mortgage, lien, encumbrance, charge, claim or other right of third
parties, including any spousal interests (community or otherwise), whether created by law or in equity, including any such restriction
on the use, voting, transfer, receipt of income or other exercise of any attributes of ownership.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<B><I>Material
Adverse Effect</I></B>&rdquo; means any event, fact, condition, change, circumstance, occurrence or effect, which, either individually
or in the aggregate with all other events, facts, conditions, changes, circumstances, occurrences or effects, (a) has had, or
would reasonably be expected to have, a material adverse effect on the business, properties, prospects, assets, Liabilities, condition
(financial or otherwise), operations, licenses or other franchises or results of operations of the Company, or materially diminish
the value of the Company&rsquo;s capital stock or (b) does or would reasonably be expected to materially impair or delay the ability
of the Company to perform its obligations under this Agreement and the Ancillary Documents or to consummate the transactions contemplated
hereby and thereby; <U>provided</U>, <U>however</U>, that with respect to the Company, a Material Adverse Effect will not include
any adverse effect or change resulting from any change, circumstance or effect relating to (A) the economy in general, (B) securities
markets, regulatory or political conditions in the United States (including terrorism or the escalation of any war, whether declared
or undeclared or other hostilities), (C) changes in applicable Laws or GAAP or the application or interpretation thereof, (D)
the industries in which the Company primarily operates and not specifically relating to the Company or (E) a natural disaster
(provided, that in the cases of clauses (A) through (E), the Company is not disproportionately affected by such event as compared
to other similar companies and businesses in similar industries and geographic regions as the Company).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<!-- Field: Page; Sequence: 47; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->3<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<B><I>OFAC</I></B>&rdquo;
means the Office of Foreign Assets Control of the U.S. Treasury Department.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<B><I>Order</I></B>&rdquo;
means any order, writ, rule, judgment, injunction, decree, stipulation, determination or award that is or has been made, entered,
rendered or otherwise put into effect by, with or under the authority of any Governmental Authority.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<B><I>Ordinary
Course of Business</I></B>&rdquo; means, with respect to a Person, an action taken by such Person if (a) such action is recurring
in nature, is consistent with the past practices of the Person and is taken in the ordinary course of the normal day-to-day operations
of the Person; (b) such action is not required to be authorized by the equity holders of such Person, the board of directors (or
equivalent) of such Person or any committee of the board of directors (or equivalent) of such Person and does not require any
other special authorization of any nature; and (c) such action is taken in accordance with sound and prudent business practice.
Unless the context or language herein requires otherwise, each reference to Ordinary Course of Business will be deemed to be a
reference to Ordinary Course of Business of the Company.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<B><I>Patents</I></B>&rdquo;
means all patents, patent applications and the inventions, designs and improvements described and claimed therein, patentable
inventions, and other patent rights (including any divisionals, continuations, continuations-in-part, substitutions, or reissues
thereof, whether or not patents are issued on any such applications and whether or not any such applications are amended, modified,
withdrawn, or refiled).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<B><I>Permit</I></B>&rdquo;
means any federal, state, local, foreign or other third-party permit, grant, easement, consent, approval, authorization, exemption,
license, franchise, concession, ratification, permission, clearance, confirmation, endorsement, waiver, certification, designation,
rating, registration or qualification that is or has been issued, granted, given or otherwise made available by or under the authority
of any Governmental Authority or other Person.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<B><I>Permitted
Liens</I></B>&rdquo; means any (a) statutory Liens of landlords, carriers, warehousemen, mechanics and materialmen and other similar
Liens imposed by Law in the Ordinary Course of Business for sums not yet due and payable; and (b) Liens for current taxes not
yet due and payable.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<B><I>Person</I></B>&rdquo;
shall include any individual, trust, firm, corporation, limited liability company, partnership, Governmental Authority or other
entity or association, whether acting in an individual, fiduciary or any other capacity.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<B><I>Personal
Property</I></B>&rdquo; means all of the machinery, equipment, tools, vehicles, furniture, leasehold improvements, office equipment,
plant, spare parts, and other tangible personal property which are owned, used or leased by the Company and used or useful, or
intended for use, in the conduct or operations of the Company&rsquo;s business.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<B><I>Purchaser
Common Stock</I></B>&rdquo; means shares of common stock, par value $0.0001 per share, of the Purchaser.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<!-- Field: Page; Sequence: 48; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->4<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<B><I>Purchaser
Common Stock Price</I></B>&rdquo; means an amount equal to $1.30 per share; provided, that in the event that any equity securities
are issued or issuable by Purchaser (or its successor) after the Closing with respect to shares of Purchaser Common Stock (whether
by way of any equity dividend, equity split or reverse equity split or in exchange for or upon conversion of such shares or otherwise
in connection with a combination of shares, recapitalization, merger, consolidation or other corporation reorganization), the
Purchaser Common Stock Price thereafter will be equitably adjusted for any such events are reasonably determined in good faith
by Purchaser.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<B><I>Purchaser
Preferred Stock</I></B>&rdquo; means shares of preferred stock, par value $0.0001 per share, of Purchaser, consisting of Series
A Preferred Stock, Series D Preferred Stock, and Series D-1 Preferred Stock.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<B><I>Representative</I></B>&rdquo;
means, as to any Person, such Person&rsquo;s Affiliates and its and their managers, directors, officers, employees, agents and
advisors (including financial advisors, counsel and accountants).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<B><I>SEC</I></B>&rdquo;
means the United States Securities and Exchange Commission.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<B><I>Securities
Act</I></B>&rdquo; means the Securities Act of 1933, as amended.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<B><I>Software</I></B>&rdquo;
means all computer software, including all source code, object code, and documentation related thereto and all software modules,
assemblers, applets, compilers, flow charts or diagrams, tools and databases.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<B><I>Subsidiary</I></B>&rdquo;
means, with respect to any Person, any corporation, partnership, association or other business entity of which (i) if a corporation,
a majority of the total voting power of shares of stock entitled (without regard to the occurrence of any contingency) to vote
in the election of directors, managers or trustees thereof is at the time owned or controlled, directly or indirectly, by that
Person or one or more of the other Subsidiaries of that Person or a combination thereof, or (ii) if a partnership, association
or other business entity, a majority of the partnership or other similar ownership interests thereof is at the time owned or controlled,
directly or indirectly, by any Person or one or more Subsidiaries of that Person or a combination thereof. For purposes hereof,
a Person or Persons will be deemed to have a majority ownership interest in a partnership, association or other business entity
if such Person or Persons will be allocated a majority of partnership, association or other business entity gains or losses or
will be or control the managing director, managing member, general partner or other managing Person of such partnership, association
or other business entity. Unless the context otherwise requires, any reference to a Subsidiary in this Agreement will mean a Subsidiary
of the Company.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<B><I>Tax</I></B>&rdquo;
means any federal, state, local or foreign income, gross receipts, license, payroll, parking, employment, excise, severance, stamp,
occupation, premium, windfall profits, environmental, natural resources, customs duties, capital stock, franchise, profits, withholding,
social security (or similar), payroll, unemployment, disability, real property, personal property, sales, use, transfer, registration,
value added, alternative or add-on minimum, estimated tax, or other tax of any kind whatsoever, including any interest, penalty,
or addition thereto, whether disputed or not, including such item for which Liability arises from the application of Treasury
Regulation 1.1502-6, as a transferee or successor-in-interest, by contract or otherwise, and any Liability assumed or arising
as a result of being, having been, or ceasing to be a member of any Affiliated Group (as defined in Section 1504(a) of the Code)
(or being included or required to be included in any Tax Return relating thereto) or as a result of any Tax indemnity, Tax sharing,
Tax allocation or similar Contract.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<!-- Field: Page; Sequence: 49; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->5<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<B><I>Tax
Return</I></B>&rdquo; means any return, report, information return, schedule, certificate, statement or other document (including
any related or supporting information) filed or required to be filed with a Taxing Authority in connection with any Tax, or, where
none is required to be filed with a Taxing Authority, the statement or other document issued by a Taxing Authority in connection
with any Tax.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<B><I>Taxing
Authority</I></B>&rdquo; means any Governmental Authority responsible for the imposition or collection of any Tax.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<B><I>Trademarks</I></B>&rdquo;
means all trademarks, service marks, trade dress, trade names, brand names, Internet domain names, designs, logos, or corporate/company
names (including, in each case, the goodwill associated therewith), whether registered or unregistered, and all registrations
and applications for registration and renewal thereof.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<B><I>Trade
Secrets</I></B>&rdquo; means any trade secrets, confidential business information, concepts, ideas, designs, research or development
information, processes, procedures, techniques, technical information, specifications, operating and maintenance manuals, engineering
drawings, methods, know-how, data, mask works, discoveries, inventions, modifications, extensions, improvements, and other proprietary
rights (whether or not patentable or subject to copyright, trademark, or trade secret protection).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>2. <U>Other
Defined Terms</U>.</B> The following capitalized terms, as used in the Agreement, have the respective meanings given to them in
the Section as set forth below adjacent to such terms:</FONT></P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 24%; text-align: left; border-bottom: Black 1.5pt solid; vertical-align: bottom"><B>Term</B></TD>
    <TD STYLE="width: 1%; text-align: left; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="width: 24%; text-align: left; border-bottom: Black 1.5pt solid; vertical-align: bottom"><B>Section</B></TD>
    <TD STYLE="width: 2%; text-align: left; vertical-align: bottom"><B>&nbsp;</B></TD>
    <TD STYLE="width: 24%; text-align: left; border-bottom: Black 1.5pt solid; vertical-align: bottom"><B>Term</B></TD>
    <TD STYLE="width: 1%; text-align: left; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="width: 24%; text-align: left; border-bottom: Black 1.5pt solid; vertical-align: bottom"><B>Section</B></TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; vertical-align: top">AAA</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">9.9</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: top">Indemnified Party</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">6.2(b)</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="text-align: left; vertical-align: top">AAA Procedures</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">9.9</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: top">Indemnifying Party</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">6.2(b)</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; vertical-align: top">Agreement</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Preamble</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: top">Indemnity Escrow Account</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">1.9(a)</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="text-align: left; vertical-align: top">Articles of Merger</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">1.2</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: top">Indemnity Escrow Shares</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">1.9(a)</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; vertical-align: top">Balance Sheet Date</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">3.5(a)</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: top">Interim Period</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">5.1(a)</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="text-align: left; vertical-align: top">Bank Account</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">3.21</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: top">Letter of Transmittal</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">1.10(a)</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; vertical-align: top">Basket</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">6.4(a)</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: top">Loss</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">6.2</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="text-align: left; vertical-align: top">Cap</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">6.4(a)</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: top">Merger</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Recitals</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; vertical-align: top">Company</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Preamble</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: top">Merger Sub</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Preamble</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="text-align: left; vertical-align: top">Company Benefit Plans</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">3.18(a)</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: top">NRS</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Recitals</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; vertical-align: top">Company Certificates</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">1.10(a)</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: top">Outside Date</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">8.1(b)</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="text-align: left; vertical-align: top">Company Indemnified Party</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">6.2(b)</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: top">Owned IP</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">3.11(a)</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; vertical-align: top">Company Indemnifying Party</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">6.2(a)</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: top">Pending Claims</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">1.9(b)</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="text-align: left; vertical-align: top">Company Software</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">3.11(b)</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: top">Pro Rata Share</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">1.4</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; vertical-align: top">Company Special Meeting</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">5.7(a)</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: top">Proxy Statement</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">5.7(a)</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="text-align: left; vertical-align: top">Company Real Property Leases</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">3.9</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: top">Purchaser</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Preamble</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; vertical-align: top">Claim Notice</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">6.5(b)</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: top">Purchaser Indemnified Party</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">6.2(a)</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="text-align: left; vertical-align: top">Click Wrapped Software</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">3.11(b)</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: top">Purchaser Indemnifying Party</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">6.2(b)</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; vertical-align: top">Closing</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">2.1</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: top">Purchaser Intellectual Property</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">4.14</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="text-align: left; vertical-align: top">Closing Date</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">2.1</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: top">Purchaser Special Meeting</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">5.7(a)</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; vertical-align: top">D&amp;O Indemnified Party</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">5.12(a)</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: top">Purchaser Material Adverse Effect</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">4.1</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="text-align: left; vertical-align: top">D&amp;O Indemnifying Party</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">5.12(b)</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: top">Registration Statement</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">5.7(a)</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; vertical-align: top">Dispute</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">9.9</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: top">Related Person</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">3.20</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="text-align: left; vertical-align: top">Distribution Escrow Account</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">1.9(a)</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: top">Required Company Stockholder Approval</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">7.1(c)</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; vertical-align: top">Distribution Escrow Shares</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">1.9(a)</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: top">Required Purchaser Stockholder Approval</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">7.1(b)</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="text-align: left; vertical-align: top">Exchange Agent</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">1.10(a)</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: top">Resolution Period</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">9.9</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; vertical-align: top">Effective Time</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">1.2</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: top">SEC Reports</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">4.5(a)</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="text-align: left; vertical-align: top">Expenses</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">9.2</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: top">Stockholder Merger Consideration</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">1.4</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; vertical-align: top">Escrow Agent</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">1.9(a)</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: top">Stockholder Representative</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Preamble</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="text-align: left; vertical-align: top">Escrow Agreement</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">1.9(a)</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: top">Surviving Corporation</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">1.1</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; vertical-align: top">Escrow Shares</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">1.9(a)</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: top">Transmittal Documents</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">1.10(b)</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="text-align: left; vertical-align: top">Expiration Date</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">1.9(b)</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: top">Third Party Claim</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">6.5(c)</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; vertical-align: top">Financial Statements</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">3.5(a)</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD></TR>
</TABLE>


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

<!-- Field: Page; Sequence: 50; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->6<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Exhibit
B</B><BR>
<B><U>Form of Articles of Merger</U></B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">See
Attached</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in">B-1</P>

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

<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 0; margin-bottom: 0"><DIV STYLE="font-size: 1pt; border-top: Black 1.5pt solid; width: 100%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

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

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
