<SEC-DOCUMENT>0001654954-19-014141.txt : 20191220
<SEC-HEADER>0001654954-19-014141.hdr.sgml : 20191220
<ACCEPTANCE-DATETIME>20191220163025
ACCESSION NUMBER:		0001654954-19-014141
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		9
CONFORMED PERIOD OF REPORT:	20191218
ITEM INFORMATION:		Entry into a Material Definitive Agreement
ITEM INFORMATION:		Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20191220
DATE AS OF CHANGE:		20191220

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			DropCar, Inc.
		CENTRAL INDEX KEY:			0001086745
		STANDARD INDUSTRIAL CLASSIFICATION:	COMMUNICATION SERVICES, NEC [4899]
		IRS NUMBER:				980204758
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0630

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-34643
		FILM NUMBER:		191301970

	BUSINESS ADDRESS:	
		STREET 1:		1412 BROADWAY, SUITE 2105
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10018
		BUSINESS PHONE:		(646) 342-1595

	MAIL ADDRESS:	
		STREET 1:		1412 BROADWAY, SUITE 2105
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10018

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	WPCS INTERNATIONAL INC
		DATE OF NAME CHANGE:	20020612

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	PHOENIX STAR VENTURES INC
		DATE OF NAME CHANGE:	20010424

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	WOWTOWN COM INC
		DATE OF NAME CHANGE:	20000315
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>dcar_8k.htm
<DESCRIPTION>CURRENT REPORT
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UNITED STATES</font></div>
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SECURITIES AND EXCHANGE COMMISSION</font></div>
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Current Report</font></div>
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Securities Exchange Act of 1934</font></div>
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Date of Report (Date of earliest event reported): December 18,
2019</font></div>
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DropCar, Inc.</font></div>
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Delaware</font></div>
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001-34643</font></div>
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98-0204758</font></div>
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of incorporation)</font></div>
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File No.)</font></div>
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Identification No.)</font></div>
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DropCar, Inc.</font></div>
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<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
1412 Broadway, Suite 2105</font></div>
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New York, New York 10018</font></div>
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of each class&#xA0;</font></div>
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Symbol(s)&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Name of
each exchange on which registered</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Common
stock, par value $0.0001 per share</font></div>
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<td style="vertical-align: top; width: 21%; border-top: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
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<font style="font-family: Times New Roman; font-size: 13px">DCAR</font></div>
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<td style="vertical-align: top; width: 38%; border-color: rgb(0, 0, 0); border-style: solid; border-width: 2px;">
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<font style="font-family: Times New Roman; font-size: 13px">The
Nasdaq Stock Market</font></div>
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<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Indicate by check mark whether the registrant is an emerging growth
company as defined in Rule 405 of the Securities Act of 1933
(&#xA7;230.405 of this chapter) or Rule 12b-2 of the Securities
Exchange Act of 1934 (&#xA7;240.12b-2 of this
chapter).</font></div>
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<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">
Emerging growth company&#xA0;</font><font style="color: #000000">&#x2610;</font></font></div>
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If an emerging growth company, indicate by check mark if the
registrant has elected not to use the extended transition period
for complying with any new or revised financial accounting
standards provided pursuant to Section&#xA0;13(a) of the Exchange
Act.&#xA0;&#xA0;</font><font style="color: #000000">&#x2610;</font></font></div>
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<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
Item 1.01 Entry into a Material Definitive Agreement</font></div>
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<font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px">
&#xA0;</font></div>
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<font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px">
Merger Agreement</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 36px;">
<font style="font-family: Times New Roman; font-size: 13px">On
December 19, 2019, DropCar,&#xA0;Inc., a Delaware corporation
(&#x201C;<font style="font-weight: bold; font-style: italic">DropCar</font>&#x201D;), ABC
Merger Sub,&#xA0;Inc., a Delaware corporation and a wholly owned
subsidiary of DropCar (&#x201C;<font style="font-weight: bold; font-style: italic">Merger Sub</font>&#x201D;),
and Ayro,&#xA0;Inc., a Delaware corporation (&#x201C;<font style="font-weight: bold; font-style: italic">Ayro</font>&#x201D;),
entered into an Agreement and Plan of Merger and Reorganization
(the &#x201C;<font style="font-weight: bold; font-style: italic">Merger
Agreement</font>&#x201D;), pursuant to which, among other matters,
and subject to the satisfaction or waiver of the conditions set
forth in the Merger Agreement, Merger Sub will merge with and into
Ayro, with Ayro continuing as a wholly owned subsidiary of DropCar
and the surviving corporation of the merger (the
&#x201C;<font style="font-weight: bold; font-style: italic">Merger</font>&#x201D;).&#xA0;
The Merger is intended to qualify for federal income tax purposes
as a tax-free reorganization under the provisions of
Section&#xA0;368(a)&#xA0;of the Internal Revenue Code of 1986, as
amended.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 36px">
<font style="font-family: Times New Roman; font-size: 13px">Subject
to the terms and conditions of the Merger Agreement, at the closing
of the Merger, (a)&#xA0;each outstanding share of Ayro common stock
and Ayro preferred stock will be converted into the right to
receive shares of DropCar common stock (the &#x201C;<font style="font-weight: bold; font-style: italic">DropCar Common
Stock</font>&#x201D;) (after giving effect to a reverse stock split
of DropCar Common Stock, as described below)&#xA0;equal to the
Exchange Ratio described below; and (b)&#xA0;each outstanding Ayro
stock option and Ayro warrant that has not previously been
exercised prior to the closing of the Merger will be assumed by
DropCar.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 36px">
<font style="font-family: Times New Roman; font-size: 13px">Under
the exchange ratio formula in the Merger Agreement (the
&#x201C;<font style="font-weight: bold; font-style: italic">Exchange
Ratio</font>&#x201D;), upon the closing of the Merger, on a pro
forma basis and based upon the number of shares of DropCar common
stock to be issued in the Merger, current DropCar shareholders
(along with DropCar&#x2019;s financial advisor) will own
approximately 20% of the combined company and current Ayro
investors will own approximately 80% of the combined company
(including the additional financing transaction referenced below).
For purposes of calculating the Exchange Ratio, the number of
outstanding shares of DropCar common stock immediately prior to the
Merger does not take into effect the dilutive effect of shares of
DropCar common stock underlying options, warrants or certain
classes of preferred stock outstanding as of the date of the Merger
Agreement.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 36px">
<font style="font-family: Times New Roman; font-size: 13px">In
connection with the Merger, DropCar will seek the approval of its
stockholders to amend its certificate of incorporation to:
(i)&#xA0;effect a reverse split of DropCar Common Stock at a ratio
to be determined by DropCar, which is intended to ensure that the
listing requirements of the Nasdaq Capital Market, or such other
stock market on which the DropCar Common Stock is trading, are
satisfied and (ii)&#xA0;change the name of DropCar to
Ayro,&#xA0;Inc., subject to the consummation of the
Merger.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 36px">
<font style="font-family: Times New Roman; font-size: 13px">Prior
to the execution and delivery of the Merger Agreement, and as a
condition of the willingness of the parties to enter into the
Merger Agreement, certain stockholders have entered into agreements
with Ayro pursuant to which such stockholders have agreed, subject
to the terms and conditions of such agreements, to purchase, prior
to the consummation of the Merger, shares of Ayro&#x2019;s common
stock (or common stock equivalents) and warrants to purchase Ayro's
common stock for an aggregate purchase price of $2.0 million (the
&#x201C;<font style="font-weight: bold; font-style: italic">Ayro
Pre-Closing Financing</font>&#x201D;). The consummation of the
transactions contemplated by such agreements is conditioned upon
the satisfaction or waiver of the conditions set forth in the
Merger Agreement. <font style="font-family: Times New Roman; font-size: 13px">After consummation
of the Merger, Ayro has agreed to cause DropCar to register the
resale of the DropCar Common Stock issued and issuable pursuant to
the warrants issued to the investors in the Ayro Pre-Closing
Financing.</font></font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 36px">
<font style="font-family: Times New Roman; font-size: 13px">Consummation of the
Merger is subject to certain closing conditions, including, among
other things, approval by the stockholders of DropCar and Ayro, the
continued listing of DropCar&#x2019;s common stock on the Nasdaq
Stock Market after the Merger and satisfaction of minimum net cash
thresholds by DropCar and Ayro.&#xA0; In accordance with the terms
of the Merger Agreement, (i)&#xA0;certain executive officers,
directors and stockholders of Ayro (solely in their respective
capacities as Ayro stockholders) holding approximately 10% of the
outstanding Ayro capital stock have entered into voting agreements
with DropCar to vote all of their shares of Ayro capital stock in
favor of adoption of the Merger Agreement (the &#x201C;<font style="font-weight: bold; font-style: italic">Ayro Voting
Agreements</font>&#x201D;) and (ii)&#xA0;certain executive officers,
directors and stockholders of DropCar (solely in their respective
capacities as DropCar stockholders) holding approximately 57% of
the outstanding DropCar common stock have entered into voting
agreements with Ayro to vote all of their shares of DropCar common
stock in favor of approval of the Merger Agreement (the
&#x201C;<font style="font-weight: bold; font-style: italic">DropCar
Voting Agreements</font>&#x201D;, and together with the Ayro Voting
Agreements, the &#x201C;<font style="font-weight: bold; font-style: italic">Voting
Agreements</font>&#x201D;).&#xA0; The Voting Agreements include
covenants with respect to the voting of such shares in favor of
approving the transactions contemplated by the Merger Agreement and
against any competing acquisition proposals.&#xA0; In addition,
concurrently with the execution of the Merger Agreement,
(i)&#xA0;certain executive officers, directors and stockholders of
Ayro and (ii)&#xA0;certain directors of DropCar have entered into
lock-up agreements (the &#x201C;<font style="font-weight: bold; font-style: italic">Lock-Up
Agreements</font>&#x201D;) pursuant to which they accepted certain
restrictions on transfers of shares of DropCar common stock for the
one-year period following the closing of the Merger.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<div id="ftr">
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
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<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 36px">
<font style="font-family: Times New Roman; font-size: 13px">The
Merger Agreement contains certain termination rights for both
DropCar and Ayro, and further provides that, upon termination of
the Merger Agreement under specified circumstances, either party
may be required to pay the other party a termination fee of
$1,000,000, or in some circumstances reimburse the other
party&#x2019;s reasonable expenses.&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 36px;">
<font style="font-family: Times New Roman; font-size: 13px">At the
effective time of the Merger, the Board of Directors of DropCar is
expected to consist of seven members, three of whom will be
designated by Ayro, three of whom will be designated by DropCar and
one of whom will be designated by the lead investor in the Ayro
Pre-Closing Financing. The Merger Agreement contains certain
provisions providing for the ability of Ayro to designate
additional members upon the achievement of certain business
milestones. As a condition to the consummation of the Merger,
DropCar will immediately prior to the Merger enter into</font>
<font style="font-family: Times New Roman; font-size: 13px">an
executive employment agreement with Rodney Keller, the current
chief executive officer of Ayro.</font><br></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 36px">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 36px;">
<font style="font-family: Times New Roman; font-size: 13px">Simultaneously with
the execution of the Merger Agreement, Ayro entered into a Loan and
Security Agreement, dated December 19, 2019 (the &#x201C;Loan
Agreement&#x201D;), by and among Ayro and the financial institutions
and individuals signatories thereto, pursuant to which, on December
19, 2019, Ayro received aggregate gross proceeds of $1,000,000.
Pursuant to the Loan Agreement, the aggregate obligations of Ayro
under the Loan Agreement are to automatically, immediately prior to
the consummation of the Merger, convert into shares of Ayro common
stock, subject to the terms and provisions of the Loan Agreement.
Pursuant to the Loan Agreement, upon conversion of the term loans
made by the investors subject to the terms of the Loan Agreement,
Ayro is required to cause DropCar to issue each bridge investor
warrants to purchase DropCar Common Stock. Upon consummation of the
Merger, Ayro has agreed to cause DropCar to register the resale of
the warrant shares.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;<br>
</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
In connection with the Merger, Ayro entered into the Stock
Subscription Agreement with an accredited investor, pursuant to
which, immediately prior to the Merger, Ayro will issue up to an
aggregate of 1,750,000 shares of Ayro common stock for the nominal
per share purchase price of $0.001 per share, or, if applicable,
pre-funded warrants to purchase Ayro common stock, in lieu of Ayro
common stock. The consummation of the transactions contemplated by
the Stock Subscription Agreement is conditioned upon the
satisfaction or waiver of the conditions set forth in the Merger
Agreement.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 36px">
<font style="font-family: Times New Roman; font-size: 13px">The
preceding summary does not purport to be complete and is qualified
in its entirety by reference to the Merger Agreement, the form of
Ayro Voting Agreement, the form of DropCar Voting Agreement and the
form of Lock-Up Agreement, which are filed as Exhibits 2.1, 2.2,
2.3, and 2.4, respectively, to this Form&#xA0;8-K and which are
incorporated herein by reference.&#xA0; The Merger Agreement has
been attached as an exhibit to this Current Report on Form&#xA0;8-K
to provide investors and securityholders with information regarding
its terms. It is not intended to provide any other factual
information about Ayro or DropCar or to modify or supplement any
factual disclosures about DropCar in its public reports filed with
the Securities and Exchange Commission (&#x201C;<font style="font-weight: bold; font-style: italic">SEC</font>&#x201D;). The
Merger Agreement includes representations, warranties and covenants
of Ayro and DropCar made solely for the purpose of the Merger
Agreement and solely for the benefit of the parties thereto in
connection with the negotiated terms of the Merger Agreement.
Investors should not rely on the representations, warranties and
covenants in the Merger Agreement or any descriptions thereof as
characterizations of the actual state of facts or conditions of
Ayro, DropCar or any of their respective affiliates. Moreover,
certain of those representations and warranties may not be accurate
or complete as of any specified date, may be subject to a
contractual standard of materiality different from those generally
applicable to SEC filings or may have been used for purposes of
allocating risk among the parties to the Merger Agreement, rather
than establishing matters of fact.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px">
Asset Purchase Agreement</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 36px">
<font style="font-family: Times New Roman; font-size: 13px">In
addition, on December 19, 2019, DropCar entered into an asset
purchase agreement (the &#x201C;<font style="font-weight: bold; font-style: italic">APA</font>&#x201D;) by and
among DropCar, DropCar Operating Company, Inc., a Delaware
corporation and wholly owned subsidiary of DropCar
(&#x201C;<font style="font-weight: bold; font-style: italic">DropCar
Operating</font>&#x201D;), DC Partners Acquisition, LLC (the
&#x201C;<font style="font-weight: bold; font-style: italic">Purchaser</font>&#x201D;),
Spencer Richardson and David Newman, pursuant to which DropCar
Operating agreed to sell substantially all of the assets associated
with its business of providing vehicle support, fleet logistics and
concierge services for both consumers and the automotive industry.
The aggregate purchase price for the purchased assets consists of
the cancellation of certain liabilities pursuant to those certain
employment agreements by and between DropCar Operating and each of
Mr. Richardson and Mr. Newman, plus the assumption of certain
liabilities relating to or arising out of workers&#x2019;
compensation claims that occurred prior to the closing date of the
APA.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 36px">
<font style="font-family: Times New Roman; font-size: 13px">The APA
contains representations, warranties and covenants by DropCar
Operating and the Purchaser that are typical for this type of
transaction. Completion of the APA is subject to certain
conditions, including customary closing conditions relating to the
(i)&#xA0;the&#xA0;accuracy of each party&#x2019;s representations
and warranties (subject to certain qualifications),
(ii)&#xA0;material compliance by the parties with their respective
covenants and agreements contained in the APA, (iii) the
consummation of a Change in Control (as defined in the APA),
including the Merger and (iv) the receipt by DropCar of the
affirmative vote of the holders of the majority of the shares of
DropCar common stock entitled to vote on such matters with respect
to the matters contemplated by the APA.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 36px">
<font style="font-family: Times New Roman; font-size: 13px">The APA
contains certain termination rights for both DropCar and
Purchaser.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 36px">
<font style="font-family: Times New Roman; font-size: 13px">The
preceding summary does not purport to be complete and is qualified
in its entirety by reference to the APA, which is filed as Exhibit
2.5 to this Form&#xA0;8-K and which is incorporated herein by
reference.&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px">
Forward-Looking Statements</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 36px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-size: 13px">This communication contains forward-looking
statements (including within the meaning of Section&#xA0;21E of the
Securities Exchange Act of 1934, as amended, and Section&#xA0;27A
of the Securities Act of 1933, as amended) concerning DropCar,
Ayro, the proposed transaction and other matters.&#xA0; These
statements may discuss goals, intentions and expectations as to
future plans, trends, events, results of operations or financial
condition, or otherwise, based on current beliefs of the management
of DropCar, as well as assumptions made by, and information
currently available to, management.&#xA0; Forward-looking
statements generally include statements that are predictive in
nature and depend upon or refer to future events or conditions, and
include words such as &#x201C;may,&#x201D; &#x201C;will,&#x201D;
&#x201C;should,&#x201D; &#x201C;would,&#x201D; &#x201C;expect,&#x201D;
&#x201C;anticipate,&#x201D; &#x201C;plan,&#x201D; &#x201C;likely,&#x201D;
&#x201C;believe,&#x201D; &#x201C;estimate,&#x201D;
&#x201C;project,&#x201D; &#x201C;intend,&#x201D; and other similar
expressions. Statements that are not historical facts are
forward-looking statements. Forward-looking statements are based on
current beliefs and assumptions that are subject to risks and
uncertainties and are not guarantees of future performance. Actual
results could differ materially from those contained in any
forward-looking statement as a result of various factors,
including, without limitation: the risk that the conditions to the
closing of the transaction are not satisfied, including the failure
to obtain stockholder approval for the transaction in a timely
manner or at all; uncertainties as to the timing of the
consummation of the transaction and the ability of each of DropCar
and Ayro to consummate the transaction; risks related to
DropCar&#x2019;s continued listing on the Nasdaq Capital Market
until closing of the proposed transaction; risks related to
DropCar&#x2019;s ability to&#xA0;correctly estimate its operating
expenses and its expenses associated with the transaction; the
ability of DropCar or Ayro to protect their respective intellectual
property rights; competitive responses to the transaction;
unexpected costs, charges or expenses</font> <font style="font-size: 13px">resulting from the transaction; potential adverse
reactions or changes to business relationships resulting from the
announcement or completion of the transaction; and legislative,
regulatory, political and economic developments. The foregoing
review of important factors that could cause actual events to
differ from expectations should not be construed as exhaustive and
should be read in conjunction with statements that are included
herein and elsewhere, including the risk factors included in
DropCar&#x2019;s most recent Annual Report on Form&#xA0;10-K,
Quarterly Reports on Form&#xA0;10-Q and Current Reports on
Form&#xA0;8-K filed with the SEC. DropCar can give no assurance
that the conditions to the transaction will be satisfied. Except as
required by applicable law, DropCar undertakes no obligation to
revise or update any forward-looking statement, or to make any
other forward-looking statements, whether as a result of new
information, future events or otherwise.</font></font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px">
No Offer or Solicitation</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">This
communication is not intended to and does not constitute an offer
to sell or the solicitation of an offer to subscribe for or buy or
an invitation to purchase or subscribe for any securities or the
solicitation of any vote in any jurisdiction pursuant to the
proposed transaction or otherwise, nor shall there be any sale,
issuance or transfer of securities in any jurisdiction in
contravention of applicable law.&#xA0; No offer of securities shall
be made except by means of a prospectus meeting the requirements of
the Securities Act of 1933, as amended. Subject to certain
exceptions to be approved by the relevant regulators or certain
facts to be ascertained, the public offer will not be made directly
or indirectly, in or into any jurisdiction where to do so would
constitute a violation of the laws of such jurisdiction, or by use
of the mails or by any means or instrumentality (including without
limitation, facsimile transmission, telephone and the internet) of
interstate or foreign commerce, or any facility of a national
securities exchange, of any such jurisdiction.&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px">
Important Additional Information Will be Filed with the
SEC</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">In
connection with the proposed transaction between DropCar and Ayro,
DropCar intends to file relevant materials with the SEC, including
a registration statement that will contain a proxy statement and
prospectus.&#xA0;<font style="font-weight: bold">DROPCAR URGES
INVESTORS AND STOCKHOLDERS TO READ THESE MATERIALS CAREFULLY AND IN
THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN
IMPORTANT INFORMATION ABOUT DROPCAR, THE PROPOSED TRANSACTION AND
RELATED MATTERS</font>.&#xA0; Investors and shareholders will be
able to obtain free copies of the proxy statement, prospectus and
other documents filed by DropCar with the SEC (when they become
available) through the website maintained by the SEC at
www.sec.gov.&#xA0; In addition, investors and shareholders will be
able to obtain free copies of the proxy statement, prospectus and
other documents filed by DropCar with the SEC by contacting
Investor Relations by mail at DropCar,&#xA0;Inc., Attn: Investor
Relations, 1412 Broadway, Suite 2105, New York, New York
10018.&#xA0; Investors and stockholders are urged to read the proxy
statement, prospectus and the other relevant materials when they
become available before making any voting or investment decision
with respect to the proposed transaction.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<div id="ftr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
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</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px">
Participants in the Solicitation</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">DropCar
and Ayro, and each of their respective directors and executive
officers and certain of their other members of management and
employees, may be deemed to be participants in the solicitation of
proxies in connection with the proposed transaction. Information
about DropCar&#x2019;s directors and executive officers is included
in DropCar&#x2019;s Annual Report on Form&#xA0;10-K for the year
ended December&#xA0;31, 2018, filed with the SEC on April 3, 2019,
as amended on April 12, 2019, and the proxy statement for
DropCar&#x2019;s 2019 annual meeting of stockholders, filed with the
SEC on November 6, 2019.&#xA0; Additional information regarding
these persons and their interests in the transaction will be
included in the proxy statement relating to the transaction when it
is filed with the SEC. These documents can be obtained free of
charge from the sources indicated above.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change
in Fiscal Year.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px">
Amendment to Certificates of Designation</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">On December 20, 2019, DropCar filed with the State
of Delaware a certificate of amendment to the Certificate of
Designations, Preferences and Rights of Series H-4 Convertible
Preferred Stock (the &#x201C;</font><font style="font-weight: bold; font-style: italic; color: #000000">Series H-4
COD</font><font style="color: #000000">&#x201D;) to reduce the
conversion price to $0.50 per share and provide for the automatic
conversion of the Series H-4 Convertible Preferred Stock into
shares of Common Stock, subject to the approval of DropCar&#x2019;s
stockholders&#xA0;in accordance with applicable law and the rules
and regulations of the Nasdaq Stock Market
(&#x201C;</font><font style="font-weight: bold; font-style: italic; color: #000000">Shareholder
Approval</font><font style="color: #000000">&#x201D;). The amendment
to the Series H-4 COD was approved by DropCar&#x2019;s Board of
Directors. DropCar intends to seek Shareholder Approval of the
amendment to the Series H-4 COD.</font></font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">The
foregoing description of the amendment to the Series H-4 COD does
not purport to be complete and is subject to and qualified in its
entirety by reference to the full text of such document, which is
attached as Exhibit 3.1 to this Current Report on Form 8-K and
incorporated by reference herein.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px">
Amendment to Bylaws</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">Effective December
18, 2019, the Board of Directors of DropCar adopted an amendment to
the bylaws of DropCar. The amendment provides that certain
specifically enumerated stockholder actions related to the internal
affairs of the Company should be brought exclusively in the Court
of Chancery of the State of Delaware (the &#x201C;<font style="font-weight: bold; font-style: italic">Chancery
Court</font>&#x201D;), or, if the Chancery Court does not have
jurisdiction, the United States District Court for the District of
Delaware or other state courts of the State of
Delaware.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">The
foregoing description of the amendment to the bylaws adopted by the
Board of Directors of DropCar is qualified in its entirety by
reference to the DropCar bylaws, as amended on December 18, 2019,
which are filed, marked to show the amendments, as Exhibit&#xA0;3.2
to this Current Report on Form&#xA0;8-K.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
Item&#xA0;8.01 Other Events.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">Attached as
Exhibit&#xA0;99.1 is a copy of the joint press release issued by
DropCar and Ayro on December 20, 2019 announcing the execution of
the Merger Agreement.<br></font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
Item 9.01 Financial Statements and Exhibits</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">(d)&#xA0;Exhibits.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">Reference is made
to the Exhibit&#xA0;Index included with this Current Report on
Form&#xA0;8-K.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
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<div id="hdr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
EXHIBIT&#xA0;INDEX</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div>
<table cellpadding="0" cellspacing="0" style="width: 100%; font-family: Times New Roman; font-size: 13px">
<tr>
<td style="vertical-align: bottom; width: 9%; border-bottom: 2px solid #000000">
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 11px"><font style="font-weight: bold; font-family: Times New Roman;">Exhibit&#xA0;No.</font></font></div>
</td>
<td style="vertical-align: bottom; width: 3%">
<div><font style="font-size: 11px"><font style="font-family: Times New Roman;">&#xA0;</font></font></div>
</td>
<td style="vertical-align: bottom; width: 88%; border-bottom: 2px solid #000000">
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 11px"><font style="font-weight: bold; font-family: Times New Roman;">Description</font></font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 9%">
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><a href="dcar_ex21.htm">
2.1</a>*</font></div>
</td>
<td style="vertical-align: bottom; width: 3%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 88%">
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Agreement
and Plan of Merger, dated as of December 19, 2019, by and among
DropCar, Merger Sub and Ayro.</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 9%">
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px"><a href="dcar_ex22.htm"><font style="font-family: Times New Roman; font-size: 13px">2.2</font></a></div>
</td>
<td style="vertical-align: bottom; width: 3%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 88%">
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Form&#xA0;of
DropCar Voting Agreement, by and between Ayro and certain
stockholders of DropCar.</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 9%">
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px"><a href="dcar_ex23.htm"><font style="font-family: Times New Roman; font-size: 13px">2.3</font></a></div>
</td>
<td style="vertical-align: bottom; width: 3%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 88%">
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Form&#xA0;of
Ayro Voting Agreement, by and between DropCar and certain
stockholders of Ayro.</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 9%">
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><a href="dcar_ex24.htm">
<font style="font-family: Times New Roman; font-size: 13px">2.4</font></a></font></div>
</td>
<td style="vertical-align: bottom; width: 3%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 88%">
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">

<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Form&#xA0;of
Lock-Up Agreement, by and between DropCar, Ayro and certain
stockholders of DropCar and Ayro.</font></div>
</div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 9%">
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px"><a href="dcar_ex25.htm"><font style="font-family: Times New Roman; font-size: 13px">2.5</font></a></div>
</td>
<td style="vertical-align: bottom; width: 3%"><br></td>
<td style="vertical-align: top; width: 88%">
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Asset
Purchase Agreement, dated as of December 19, 2019, by and between
DropCar, DropCar Operating, DC Partners Acquisition LLC, Spencer
Richardson and David Newman.</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 9%">
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px"><a href="dcar_ex31.htm"><font style="font-family: Times New Roman; font-size: 13px">3.1</font></a><font style="font-family: Times New Roman; font-size: 13px"><br>
</font></div>
</td>
<td style="vertical-align: bottom; width: 3%"><br></td>
<td style="vertical-align: top; width: 88%">
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Amendment
to Certificate of Designations, Rights and Preferences of Series
H-4 Convertible Preferred Stock, dated as of December 20,
2019.</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 9%">
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px"><a href="dcar_ex32.htm"><font style="font-family: Times New Roman; font-size: 13px">3.2</font></a></div>
</td>
<td style="vertical-align: bottom; width: 3%"><br></td>
<td style="vertical-align: top; width: 88%">
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Bylaws
of DropCar, as amended December 18, 2019.</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 9%">
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px"><a href="dcar_ex991.htm"><font style="font-family: Times New Roman; font-size: 13px">99.1</font></a></div>
</td>
<td style="vertical-align: bottom; width: 3%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 88%">
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Joint
Press Release dated December 20, 2019, issued by DropCar and
Ayro.</font></div>
</td>
</tr></table>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 36px; margin-right: 0px; text-indent: -36px">
<font style="font-family: Times New Roman; font-size: 13px">*Certain schedules
and exhibits to the Merger Agreement have been omitted pursuant to
Item 601(b)(2)&#xA0;of Regulation S-K.&#xA0; A copy of any omitted
schedule and/or exhibit will be furnished to the Securities and
Exchange Commission upon request.</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
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<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
SIGNATURES&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Pursuant
to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
&#xA0;</font></div>
<div>
<table cellpadding="0" cellspacing="0" style="width: 100%; font-family: Times New Roman; font-size: 13px">
<tr>
<td style="vertical-align: top; width: 52%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td colspan="3" style="vertical-align: top; width: 48%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
DROPCAR, INC.</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 52%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td colspan="3" style="vertical-align: top; width: 48%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 52%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Date:
December 20, 2019</font></div>
</td>
<td style="vertical-align: top; width: 4%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">By:&#xA0;&#xA0;</font></div>
</td>
<td colspan="2" style="vertical-align: top; width: 44%; border-bottom: 2px solid rgb(0, 0, 0);">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">/s/
Spencer Richardson</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 52%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 4%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 4%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Name:&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 40%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Spencer
Richardson</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 52%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 4%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 4%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Title:</font></div>
</td>
<td style="vertical-align: top; width: 40%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Chief
Executive Officer</font></div>
</td>
</tr></table>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
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<DOCUMENT>
<TYPE>EX-2.1
<SEQUENCE>2
<FILENAME>dcar_ex21.htm
<DESCRIPTION>PLAN OF PURCHASE, SALE, REORGANIZATION, ARRANGEMENT, LIQUIDATION OR SUCCESSION
<TEXT>
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<div style="text-align: right"><font style="font-family: Times New Roman; font-size: 10"><font style="font-weight: bold">&#xA0;Exhibit 2.1</font></font></div>
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<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
AGREEMENT AND PLAN OF MERGER AND REORGANIZATION</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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BY AND AMONG</font></div>
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<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
DROPCAR, INC.,</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
<a name="_cp_text_1_4"><!--anchor--></a>ABC
MERGER SUB, INC.,</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
AND</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
AYRO, INC.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
Dated as of December 19, 2019</font></div>
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<font style="text-decoration: underline; font-weight: bold; font-family: Times New Roman; font-size: 13px">
Exhibits</font></div>
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<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Exhibit
A</font></div>
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<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Certain
Definitions</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 16%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Exhibit
B-1</font></div>
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<td style="vertical-align: top; width: 84%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Form of
Company Voting Agreement</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 16%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Exhibit
B-2</font></div>
</td>
<td style="vertical-align: top; width: 84%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Form of
Parent Voting Agreement</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 16%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Exhibit
C</font></div>
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<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Form of
Subscription Agreement</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 16%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Exhibit
D</font></div>
</td>
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<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Form of
Lock-up Agreement</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 16%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Exhibit
E</font></div>
</td>
<td style="vertical-align: top; width: 84%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Form of
Certificate of Merger</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 16%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Exhibit
F</font></div>
</td>
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<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">[Reserved]</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 16%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Exhibit
G-1</font></div>
</td>
<td style="vertical-align: top; width: 84%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Form of
Amended and Restated Parent Certificate of
Incorporation</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 16%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Exhibit
G-2</font></div>
</td>
<td style="vertical-align: top; width: 84%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Form of
Amended and Restated Parent Bylaws</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 16%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-family: Times New Roman; font-size: 13px">
Exhibit H</font> &#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 84%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-family: Times New Roman; font-size: 13px">
Parent Asset Purchase Agreement</font> &#xA0;</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 16%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Exhibit
I</font></div>
</td>
<td style="vertical-align: top; width: 84%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Form of
FIRPTA Notice</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 16%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Exhibit
J-1</font></div>
</td>
<td style="vertical-align: top; width: 84%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Employment
Agreement- Rodney Keller</font></div>
</td>
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<td style="vertical-align: top; width: 16%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Exhibit
J-2</font></div>
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<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Amendment
to Employment Agreement &#x2013; Curtis Smith</font></div>
</td>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
AGREEMENT AND PLAN OF MERGER AND REORGANIZATION</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">
THIS AGREEMENT AND PLAN OF MERGER AND REORGANIZATION</font>, is
made and entered into as of December 19, 2019 (this
&#x201C;<font style="font-weight: bold; font-style: italic">Agreement</font>&#x201D;),
by and among <font style="font-weight: bold">DROPCAR, INC.</font>,
a Delaware corporation (&#x201C;<font style="font-weight: bold; font-style: italic">Parent</font>&#x201D;),
<font style="font-weight: bold">ABC MERGER SUB, INC.</font>, a
Delaware corporation (&#x201C;<font style="font-weight: bold; font-style: italic">Merger Sub</font>&#x201D;),
and <font style="font-weight: bold">AYRO, INC.</font>, a Delaware
corporation (&#x201C;<font style="font-weight: bold; font-style: italic">Company</font>&#x201D;).&#xA0;&#xA0;Parent,
Merger Sub and Company are each a &#x201C;<font style="font-weight: bold; font-style: italic">Party</font>&#x201D; and
referred to collectively herein as the &#x201C;<font style="font-weight: bold; font-style: italic">Parties</font>.&#x201D;&#xA0;&#xA0;Certain
capitalized terms used in this Agreement are defined in
<font style="font-weight: bold; text-decoration: underline">Exhibit
A</font>.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
RECITALS:</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">
WHEREAS</font>, this Agreement contemplates a merger of Merger Sub
with and into Company, with Company remaining as the surviving
corporation after the merger (the &#x201C;<font style="font-weight: bold; font-style: italic">Merger</font>&#x201D;),
whereby the stockholders of the Company (the &#x201C;<font style="font-weight: bold; font-style: italic">Company
Stockholders</font>&#x201D;) will receive common stock of the Parent
(&#x201C;<font style="font-weight: bold; font-style: italic">Parent
Common Stock</font>&#x201D;) in exchange for their capital stock of
the Company (&#x201C;<font style="font-weight: bold; font-style: italic">Company Capital
Stock</font>&#x201D;);</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">
WHEREAS</font>, the Parties intend, by approving resolutions
authorizing this Agreement, to adopt this Agreement as a plan of
reorganization within the meaning of Section 368(a) of the Internal
Revenue Code of 1986, as amended (the &#x201C;<font style="font-weight: bold; font-style: italic">Code</font>&#x201D;), and
the regulations thereunder, and to cause the Merger to qualify as a
reorganization under the provisions of Section 368(a) of the
Code;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">
WHEREAS</font>, pursuant to the terms and conditions of this
Agreement, the holders of the outstanding Company Capital Stock
immediately prior to the Effective Time (including, for the
avoidance of doubt, any Company Capital Stock issuable pursuant to
the terms of the Bridge Notes and the Company Pre-Closing
Financing) will own approximately 80% of the issued and outstanding
Parent Common Stock immediately following the Effective Time and
the holders of the outstanding Parent Common Stock immediately
prior to the Merger will own approximately 20% of the issued and
outstanding Parent Common Stock immediately following the Effective
Time;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">
WHEREAS</font>, the board of directors of Parent (i) has determined
that the Merger is fair to, and in the best interests of, Parent
and its stockholders, (ii) has approved this Agreement, the Merger,
the issuance of shares of Parent Common Stock to the Company
Stockholders pursuant to the terms of this Agreement and the other
actions contemplated by this Agreement,&#xA0;(iii) has approved the
Parent Charter Amendment, Reverse Split and Parent Legacy Business
Disposition; and (iv) has determined to recommend that the
stockholders of Parent vote to approve the Parent Stockholder
Approval Matters and such other actions as contemplated by this
Agreement;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">
WHEREAS</font>, the board of directors of Merger Sub (i) has
determined that the Merger is fair to, and in the best interests
of, Merger Sub and its sole stockholder, (ii) has approved this
Agreement, the Merger, and the other actions contemplated by this
Agreement and has deemed this Agreement advisable and (iii) has
determined to recommend that its sole stockholder vote to adopt
this Agreement and thereby approve the Merger and such other
actions as contemplated by this Agreement;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<div id="ftr">
<div style="text-align: left; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
</div>
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<div style="text-align: right; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">
WHEREAS</font>, the board of directors of Company (i) has
determined that the Merger is advisable and fair to, and in the
best interests of, Company and the Company Stockholders, (ii) has
approved this Agreement, the Merger and the other transactions
contemplated by this Agreement and the agreements entered into in
connection herewith (the &#x201C;<font style="font-weight: bold; font-style: italic">Transactions</font>&#x201D;)
and has deemed this Agreement advisable and (iii) has determined to
recommend that the Company Stockholders vote or consent to approve
the Company Stockholder Matters;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">
WHEREAS</font>, as a condition to the willingness of, and an
inducement to each of Parent and the Company to enter into this
Agreement, contemporaneously with the execution and delivery of
this Agreement, each of the Company Voting Agreement Signatories is
entering into a voting agreement, in favor of Parent, in
substantially the form of <font style="font-weight: bold; text-decoration: underline">Exhibit B-1</font>
attached hereto (the &#x201C;<font style="font-weight: bold; font-style: italic">Company Voting
Agreements</font>&#x201D;), and each of the Parent Voting Agreement
Signatories is entering into a voting agreement, in favor of the
Company, in substantially the form of <font style="font-weight: bold; text-decoration: underline">Exhibit B-2</font>
attached hereto (individually, the &#x201C;<font style="font-weight: bold; font-style: italic">Parent Voting
Agreements</font>&#x201D; and collectively, the &#x201C;<font style="font-weight: bold; font-style: italic">Voting
Agreement</font>&#x201D;) under which the Voting Agreement
Signatories will agree, with respect to their Company Capital Stock
or Parent Capital Stock, as applicable, to vote as stockholders in
favor of the Company Stockholder Matters or Parent Stockholder
Approval Matters, as applicable, pursuant to the terms and
conditions of the Voting Agreements, as applicable;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">
WHEREAS</font>, simultaneously with the execution of this
Agreement, Company has issued and sold convertible notes (the
&#x201C;<font style="font-weight: bold; font-style: italic">Bridge
Notes</font>&#x201D;) to certain accredited investors for aggregate
gross proceeds to the Company of $1,000,000;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">
WHEREAS</font>, immediately prior to the execution and delivery of
this Agreement, and as a condition of the willingness of Parent and
Merger Sub to enter into this Agreement, certain investors have
executed the Subscription Agreement, in the form attached hereto as
<font style="font-weight: bold; text-decoration: underline">Exhibit
C</font>, with the Company, pursuant to which such investors have
agreed to purchase certain shares of Company Capital Stock prior to
the Closing in connection with the Company Pre-Closing
Financing;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">
WHEREAS</font>, as a condition to the consummation of the Merger,
Parent will immediately prior to the Effective Time enter into an
executive employment agreement with Rodney Keller, the current
Chief Executive Officer of the Company, substantially in the form
attached hereto as <font style="font-weight: bold; text-decoration: underline">Exhibit
J-1</font>;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">
WHEREAS</font>, Company will immediately prior to the Effective
Time enter into an amendment to the employment agreement with
Curtis Smith, the current Chief Financial Officer of the Company,
substantially in the form attached hereto as <font style="font-weight: bold; text-decoration: underline">Exhibit
J-2</font>;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">
WHEREAS</font>, as a condition to the willingness of, and an
inducement to each of Parent and Company to enter into this
Agreement, each of the Lock-up Signatories is entering into a
lock-up agreement, in substantially the form of <font style="font-weight: bold; text-decoration: underline">Exhibit D</font>
attached hereto (the &#x201C;<font style="font-weight: bold; font-style: italic">Lock-up
Agreements</font>&#x201D;), with respect to the shares of Parent
Common Stock held by each Lock-up Signatory from time to time
(including shares of Parent Common Stock issued as Merger
Consideration pursuant to the terms of this
Agreement).</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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</div>
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</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
AGREEMENT:</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">
NOW, THEREFORE</font>, in consideration of the foregoing and the
representations, warranties and covenants herein contained, and for
other good and valuable consideration, the receipt, adequacy and
sufficiency of which are hereby acknowledged, the Parties,
intending to be legally bound, hereby agree as
follows:</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
<font style="color: #000000">ARTICLE
I.</font></font>&#xA0;<br></font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold"><font style="font-family: Times New Roman; font-size: 13px">THE
MERGER</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 0px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
1.01</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; text-decoration: underline; color: #000000">The
Merger</font><font style="color: #000000">.&#xA0;&#xA0;Subject to
and upon the terms and conditions of this Agreement and the
Delaware General Corporation Law (the &#x201C;</font><font style="font-weight: bold; font-style: italic; color: #000000">DGCL</font><font style="color: #000000">&#x201D;),
Merger Sub will be merged with and into Company at the Effective
Time.&#xA0;&#xA0;From and after the Effective Time, the separate
corporate existence of Merger Sub will cease, and Company will
continue as the surviving corporation.&#xA0;&#xA0;Company, as the
surviving corporation after the Merger, is hereinafter sometimes
referred to as the &#x201C;</font><font style="font-weight: bold; font-style: italic; color: #000000">Surviving
Corporation</font><font style="color: #000000">.&#x201D;</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 0px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
1.02</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; text-decoration: underline; color: #000000">Closing;
Effective Time</font><font style="color: #000000">.&#xA0;&#xA0;Unless this Agreement has been
terminated and the Transactions herein contemplated have been
abandoned pursuant to Section 7.01 of this Agreement and, subject
to the satisfaction or waiver of the conditions set forth in
Article VI of this Agreement, the consummation of the Merger (the
&#x201C;</font><font style="font-weight: bold; font-style: italic; color: #000000">Closing</font><font style="color: #000000">&#x201D;)
will take place at the offices of Haynes and Boone, LLP, 30
Rockefeller Plaza, 26</font><font style="font-size: 70%; vertical-align: top; color: #000000">th</font>
<font style="color: #000000">Floor, New York, NY 10112, at 10:00
a.m. on a date to be specified by the Parties which will be no
later than three Business Days after satisfaction or waiver of the
conditions set forth in Article VI (other than those conditions
that by their nature are to be satisfied at the Closing, but
subject to the satisfaction or waiver of each such conditions), or
at such other time, date and place as Parent and Company may
mutually agree in writing.&#xA0;&#xA0;The date on which the Closing
actually takes place is referred to as the
&#x201C;</font><font style="font-weight: bold; font-style: italic; color: #000000">Closing
Date</font><font style="color: #000000">.&#x201D;&#xA0;&#xA0;On the
Closing Date, the Parties will cause the Merger to be consummated
by executing and filing a Certificate of Merger in accordance with
the relevant provisions of the DGCL (the &#x201C;</font><font style="font-weight: bold; font-style: italic; color: #000000">Certificate
of Merger</font><font style="color: #000000">&#x201D;), in
substantially the form of</font> <font style="font-weight: bold; text-decoration: underline; color: #000000">Exhibit
E</font> <font style="color: #000000">attached hereto, together
with any required related certificates, with the Secretary of State
of the State of Delaware, in such form as required by, and executed
in accordance with the relevant provisions of, the DGCL. The Merger
will become effective at the time of the filing of such Certificate
of Merger with the Secretary of State of the State of Delaware or
at such later time as may be specified in such Certificate of
Merger with the consent of Parent and Company (the time as of which
the Merger becomes effective being referred to as the
&#x201C;</font><font style="font-weight: bold; font-style: italic; color: #000000">Effective
Time</font><font style="color: #000000">&#x201D;).</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 0px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">Section
1.03</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; text-decoration: underline; color: #000000">Effect
of the Merger</font><font style="color: #000000">.&#xA0;&#xA0;At
the Effective Time, the effect of the Merger will be as provided in
this Agreement, the Certificate of Merger and the applicable
provisions of the DGCL.&#xA0;&#xA0;Without limiting the generality
of the foregoing, and subject thereto, at the Effective Time, all
the property, rights, privileges, powers and franchises of Company
will vest in the Surviving Corporation, and all debts, liabilities,
obligations and duties of Company will become the debts,
liabilities, obligations and duties of the Surviving
Corporation.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 0px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
1.04</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; text-decoration: underline; color: #000000">Certificate
of Incorporation; Bylaws; Reverse Split; Parent Name Change; Parent
Certificate of Incorporation and Bylaws</font><font style="color: #000000">.&#xA0;&#xA0;Unless otherwise determined by Parent
and Company:</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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</div>
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<div style="text-align: right; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">(a)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">the
certificate of incorporation of the Surviving Corporation will be
the certificate of incorporation of Company until thereafter
amended as provided by the DGCL and such certificate of
incorporation;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">(b)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">[reserved];
and</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(c)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">immediately
prior to the Effective Time, Parent will take all actions necessary
to (i) cause its name to be changed to Ayro, Inc., (ii) obtain a
new trading symbol consistent with such name, (iii) effect the
Reverse Split to the extent applicable, (iv) amend and restate its
certificate of incorporation in the form attached hereto as</font>
<font style="font-weight: bold; text-decoration: underline; color: #000000">Exhibit
G-1</font><font style="color: #000000">, and (v) amend and restate
its bylaws in the form attached hereto as</font> <font style="font-weight: bold; text-decoration: underline; color: #000000">Exhibit
G-2</font><font style="color: #000000">.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 0px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
1.05</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; text-decoration: underline; color: #000000">Directors
and Officers of the Surviving Corporation and
Parent</font><font style="color: #000000">.&#xA0;&#xA0;Unless
otherwise determined by Parent and Company, the parties will take
all action such that:</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(a)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">the
Parent shall be the sole stockholder of the Surviving Corporation
immediately following the Effective Time;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">(b)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">unless
otherwise determined by Company prior to the Effective Time, the
officers of Company immediately prior to the Effective Time will be
the officers of the Surviving Corporation immediately following the
Effective Time until such time as their respective successors are
duly elected or appointed; and</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">(c)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">the
directors and officers of Parent immediately following the
Effective Time shall be elected and appointed in accordance with
Section 5.11.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 0px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
1.06</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; text-decoration: underline; color: #000000">Conversion
of Company Capital Stock</font><font style="color: #000000">.&#xA0;&#xA0;At the Effective Time, by virtue of
the Merger and without any action on the part of Parent, Merger
Sub, Company, any stockholder of Company or any other
Person:</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(a)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline; color: #000000">Conversion
of Company Capital Stock</font><font style="color: #000000">. Each
share of Company Capital Stock issued and outstanding immediately
prior to, and contingent upon the occurrence of, the Effective Time
(excluding any shares to be cancelled pursuant to Section 1.06(c)
and any Dissenting Shares to be treated in accordance with Section
1.07 but including any shares of Company Capital Stock issued
pursuant to the Company Pre-Closing Financing) will be cancelled
and converted into and represent the right to receive a number of
shares of validly issued, fully paid and nonassessable shares of
common stock of Parent, $0.0001 par value per share
(&#x201C;</font><font style="font-weight: bold; font-style: italic; color: #000000">Parent
Common Stock</font><font style="color: #000000">&#x201D;) equal to
the Exchange Ratio (the &#x201C;</font><font style="font-weight: bold; font-style: italic; color: #000000">Merger
Consideration</font><font style="color: #000000">&#x201D;), with any
resulting fractional shares to be rounded up to the nearest whole
share.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(b)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline; color: #000000">Merger
Sub Common Stock</font><font style="color: #000000">.&#xA0;&#xA0;Each share of Merger Sub Common Stock
then outstanding will be converted into one share of common stock
of the Surviving Corporation.&#xA0;&#xA0;Each stock certificate of
Merger Sub evidencing ownership of any such shares will, as of the
Effective Time, evidence ownership of one hundred percent (100%) of
the capital stock of Surviving Corporation.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<div style="text-align: right; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(c)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline; color: #000000">Cancellation</font><font style="color: #000000">.&#xA0;&#xA0;Each
share of Company Capital Stock held in the treasury of Company and
each share of Company Capital Stock owned by Parent or by any
direct or indirect wholly owned Subsidiary of Company or Parent
immediately prior to the Effective Time will, by virtue of the
Merger and without any action on the part of the holder thereof,
cease to be outstanding, be canceled and extinguished without any
conversion thereof and without payment of any consideration
therefor and cease to exist.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(d)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline; color: #000000">Adjustments
to Exchange Ratio</font><font style="color: #000000">.&#xA0;&#xA0;The Exchange Ratio will be
appropriately adjusted to reflect fully the effect of any stock
split, reverse split (including the Reverse Stock Split
contemplated by this Agreement), stock dividend (including any
dividend or&#xA0;distribution of securities convertible into Parent
Common Stock or Company Capital Stock), reorganization,
recapitalization or other like change with respect to Parent Common
Stock or Company Capital Stock or issuance of Parent Common Stock
or Company Capital Stock occurring after the date hereof and prior
to the Effective Time.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(e)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline; color: #000000">Fractional
Shares</font><font style="color: #000000">.&#xA0; No fraction of a
share of Parent Common Stock will be issued in connection with the
Merger, and any fractional shares will be rounded up to the nearest
whole share.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(f)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline; color: #000000">Company
Options</font><font style="color: #000000">. All Company Options
outstanding immediately prior to the Effective Time under the
Company Plan shall be treated in accordance with Section
5.29.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(g)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline; color: #000000">Company
Warrants</font><font style="color: #000000">. All Company Warrants
outstanding immediately prior to the Effective Time shall be
treated in accordance with Section 5.30.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(h)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline; color: #000000">Restrictions</font><font style="color: #000000">.
If any shares of Company Capital Stock outstanding immediately
prior to the Effective Time are unvested or are subject to a
repurchase option, risk of forfeiture or other condition under any
applicable restricted stock purchase agreement or other Contract
with Company or under which Company has any rights, then the shares
of Parent Common Stock issued in exchange for such shares of
Company Capital Stock will also be unvested and subject to the same
repurchase option, risk of forfeiture or other condition, and the
book-entry representing such shares of Parent Common Stock may
accordingly be marked with appropriate legends. Company will take
all action that may be necessary to ensure that, from and after the
Effective Time, Parent is entitled to exercise any such repurchase
option or other right set forth in any such restricted stock
purchase agreement or other Contract.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 0px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
1.07</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; text-decoration: underline; color: #000000">Dissenting
Shares</font><font style="color: #000000">.&#xA0;&#xA0;For purposes
of this Agreement, &#x201C;</font><font style="font-weight: bold; font-style: italic; color: #000000">Dissenting
Shares</font><font style="color: #000000">&#x201D; mean any shares
of Company Capital Stock outstanding immediately prior to the
Effective Time and held by a person who has not voted such shares
of Company Capital Stock in favor of the adoption of this Agreement
and the Merger, has properly demanded appraisal for such shares in
accordance with the DGCL and has not effectively withdrawn or
forfeited such demand for appraisal. &#xA0;Notwithstanding anything
to the contrary contained herein, Dissenting Shares will not be
converted into a right to receive the Merger Consideration unless
such holder fails to perfect or withdraws or otherwise loses its
rights to appraisal or it is determined that such holder does not
have appraisal rights in accordance with the DGCL.&#xA0;&#xA0;If,
after the Effective Time, such holder fails to perfect or withdraws
or loses its right to appraisal, or if it is determined that such
holder does not have appraisal rights, such shares will be treated
as if they had been converted as of the Effective Time into the
right to receive the Merger Consideration (if any). Company will
give Parent prompt notice of any demands received by Company for
appraisal of shares of Company Capital Stock, withdrawals of such
demands, and any other instruments that relate to such demands
received by Company. Company shall control all negotiations and
proceedings with respect to such demands,</font> <font style="font-style: italic; color: #000000">provided</font><font style="color: #000000">,</font> <font style="font-style: italic; color: #000000">however</font><font style="color: #000000">, (i) Company shall keep Parent reasonably
apprised of all material events, circumstances or changes with
respect to any such demand following the making thereof (ii) the
Company will not, except with prior written consent of Parent (such
consent not to be unreasonably withheld, conditioned or delayed),
make any payment with respect to, or settle or offer to settle, any
such demands, unless and to the extent required to do so under
applicable Legal Requirements.</font></font></div>
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</div>
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</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 0px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
1.08</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; text-decoration: underline; color: #000000">Payment
of Merger Consideration</font><font style="color: #000000">.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(a)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline; color: #000000">Exchange
Agent</font><font style="color: #000000">.&#xA0;&#xA0;On or prior
to the Closing Date, Parent will select Parent&#x2019;s transfer
agent or another reputable bank or trust company reasonably
acceptable to Company to act as exchange agent in connection with
the Merger (the &#x201C;</font><font style="font-weight: bold; font-style: italic; color: #000000">Exchange
Agent</font><font style="color: #000000">&#x201D;).&#xA0;&#xA0;As
soon as practicable after the Effective Time, Parent will issue and
cause to be deposited with the Exchange Agent non-certificated
shares of Parent Common Stock represented by book-entry issuable
pursuant to Section 1.06(a).&#xA0;&#xA0;The shares of Parent Common
Stock so deposited with the Exchange Agent, together with any
dividends or distributions received by the Exchange Agent with
respect to such shares, are referred to collectively as the
&#x201C;</font><font style="font-weight: bold; font-style: italic; color: #000000">Exchange
Fund</font><font style="color: #000000">.&#x201D;</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(b)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline; color: #000000">Exchange
Procedures</font><font style="color: #000000">.&#xA0;&#xA0;As soon
as reasonably practicable after the Effective Time, Parent will
cause the Exchange Agent to mail to the record holders of Company
Capital Stock a letter of transmittal in customary form and
containing such provisions on which Parent and the Company may
mutually agree.&#xA0;&#xA0;Upon delivery of a duly executed letter
of transmittal and such other documents as may be reasonably
required by the Exchange Agent or Parent, the holder of such
Company Capital Stock will be entitled to receive in exchange
therefor non-certificated shares of Parent Common Stock represented
by book-entry (via DRS) equal to the number of whole shares of
Parent Common Stock that such holder has the right to receive
pursuant to the provisions of Section 1.06(a) and any certificates
representing shares of Company Capital Stock (a
&#x201C;</font><font style="font-weight: bold; color: #000000">Company Stock
Certificate</font><font style="color: #000000">&#x201D;) will be
cancelled. Until surrendered as contemplated by this Section
1.08(b), each Company Stock Certificate held by a Company
Stockholder will be deemed, from and after the Effective Time, to
represent only the right to receive the Merger Consideration. If
any Company Stock Certificate has been lost, stolen or destroyed,
the Exchange Agent will require the owner of such lost, stolen or
destroyed Company Stock Certificate to provide an appropriate
affidavit and to deliver a bond as indemnity against any claim that
may be made against the Exchange Agent, Parent or the Surviving
Corporation with respect to such Company Stock
Certificate.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">(c)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline; color: #000000">Transfers
of Ownership</font><font style="color: #000000">.&#xA0;&#xA0;If any
shares of Parent Common Stock are to be issued in a name other than
that of the record holder of the Company Capital Stock exchanged
therefor, it will be a condition of the issuance thereof that
Parent shall have received appropriate instruments of transfer and
that the Person requesting such exchange will have paid to Parent
or any Person designated by it any transfer or other taxes required
by reason of the issuance of the shares of Parent Common Stock in
any name other than that of the record holder of the Company
Capital Stock, or established to the satisfaction of Parent or any
agent designated by it that such tax has been paid or is not
payable.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">6</font></div>
</div>
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</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">(d)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline; color: #000000">Unclaimed
Portion of the Exchange Fund</font><font style="color: #000000">.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 144px; display: table">
<div style="display: table-row">
<div style="text-align: left; display: table-cell; width: 48px">
<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">(i)</font></div>
<div style="text-align: justify; display: table-cell"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Any
portion of the Exchange Fund that remains undistributed as of the
date 180 days after the date on which the Merger becomes effective
will be delivered to Parent upon demand, and any holders of Company
Capital Stock who have not theretofore delivered a letter of
transmittal to the Exchange Agent in accordance with this Section
1.08 will thereafter look only to Parent for satisfaction of their
claims for Parent Common Stock.</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 144px; display: table">
<div style="display: table-row">
<div style="text-align: left; display: table-cell; width: 48px">
<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">(ii)</font></div>
<div style="text-align: justify; display: table-cell"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Neither
Parent nor the Surviving Corporation will be liable to any holder
or former holder of Company Capital Stock or to any other Person
with respect to any shares of Parent Common Stock delivered to any
public official pursuant to any applicable abandoned property law,
escheat law or similar Legal Requirement.</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">(e)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline; color: #000000">Withholding
Rights</font><font style="color: #000000">.&#xA0;&#xA0;Each of the
Exchange Agent, Parent and the Surviving Corporation will be
entitled to deduct and withhold from any consideration payable or
otherwise deliverable pursuant to this Agreement to any holder or
former holder of Company Capital Stock such amounts as are required
to be deducted or withheld therefrom under the Code or any
provision of state, local or foreign tax law or under any other
applicable Legal Requirement.&#xA0;&#xA0;To the extent such amounts
are so deducted or withheld and timely paid to the appropriate
Governmental Body, such amounts will be treated for all purposes
under this Agreement as having been paid to the Person to whom such
amounts would otherwise have been paid.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 0px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
1.09</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; text-decoration: underline; color: #000000">Stock
Transfer Books</font><font style="color: #000000">.&#xA0;&#xA0;At
the Effective Time:&#xA0;&#xA0;(a) all Company Capital Stock
outstanding immediately prior to the Effective Time will
automatically be canceled and retired and cease to exist, and all
holders of Company Capital Stock that were outstanding immediately
prior to the Effective Time will cease to have any rights as
stockholders of the Company; and (b) the transfer books of Company
will be closed with respect to all Company Capital Stock
outstanding immediately prior to the Effective Time.&#xA0;&#xA0;No
further transfer of any such Company Capital Stock will be made on
such transfer books after the Effective Time.&#xA0;&#xA0; No
further transfer of Company Capital Stock will be made on such
stock transfer books after the Effective Time. If, after the
Effective Time, a valid Company Stock Certificate is presented to
the Exchange Agent or to the Surviving Corporation or Parent, such
Company Stock Certificate will be canceled and exchanged as
provided in Sections 1.06 and 1.08.</font></font></div>
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</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 0px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">Section
1.10</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; text-decoration: underline; color: #000000">No
Further Rights</font><font style="color: #000000">.&#xA0;&#xA0;The
Merger Consideration delivered in exchange for Company Capital
Stock in accordance with the terms of this Agreement will be deemed
to have been issued in full satisfaction of all rights pertaining
to the Company Capital Stock.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 0px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">Section
1.11</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline; color: rgb(0, 0, 0);"><font style="font-weight: bold">Tax Consequences</font></font><font style="color: #000000">.&#xA0;&#xA0;For United States federal income tax
purposes, the Merger is intended to constitute a reorganization
within the meaning of Section 368(a) of the Code.&#xA0;&#xA0;The
parties to this Agreement hereby adopt this Agreement as a
&#x201C;plan of reorganization&#x201D; within the meaning of Sections
1.368-2(g) of the Treasury Regulations, and intend to report
consistently with the foregoing, including by filing the statement
required by Section 1.368-3(a) of the Treasury
Regulations.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 0px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
1.12</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; text-decoration: underline; color: #000000">Additional
Actions</font><font style="color: #000000">.&#xA0;&#xA0;If, at any
time after the Effective Time, any further action is necessary,
desirable or proper 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 Company and Merger Sub, the Surviving Corporation and
its proper officers and directors or their designees are fully
authorized (to the fullest extent allowed under applicable Legal
Requirements) to execute and deliver, in the name and on behalf of
either Company or Merger Sub, all deeds, bills of sale, assignments
and assurances and do, in the name and on behalf of Company or
Merger Sub, all other acts and things necessary, desirable or
proper to vest, perfect or confirm its right, title or interest in,
to or under any of the rights, privileges, powers, franchises,
properties or assets of Company or Merger Sub, as applicable, and
otherwise to carry out the purposes of this
Agreement.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 0px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
1.13</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; text-decoration: underline; color: #000000">Parent
Preferred Stock</font><font style="color: #000000">. At the
Effective Time, all of the outstanding shares of Parent Series H-4
Preferred Stock will be automatically converted into an aggregate
of 2,368,188 shares of Parent Common Stock.</font></font></div>
<br>

<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
<font style="color: #000000">ARTICLE II.</font></font></font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold"><font style="font-family: Times New Roman; font-size: 13px">REPRESENTATIONS AND
WARRANTIES OF COMPANY</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Except
as set forth in the corresponding sections or subsections of the
Company Disclosure Schedule, the Company represents and warrants to
Parent and Merger Sub as follows:</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 0px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
2.01</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; text-decoration: underline; color: #000000">Organization
and Qualification; Charter Documents</font><font style="color: #000000">.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">(a)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Part
2.01(a) of the Company Disclosure Schedule identifies each
Subsidiary of Company and indicates its jurisdiction of
organization.&#xA0;&#xA0;Neither Company nor any of the Entities
identified in Part 2.01(a) of the Company Disclosure Schedule owns
any capital stock of, or any equity interest of any nature in, any
other Entity, other than the Entities identified in Part 2.01(a) of
the Company Disclosure Schedule.&#xA0;&#xA0;None of the Acquired
Companies has agreed or is obligated to make, or is bound by, any
Contract under which it may become obligated to make, any future
investment in or capital contribution to any other
Entity.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">(b)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Each
of the Acquired Companies is a corporation, limited liability
company or similar entity duly organized, validly existing and, in
jurisdictions that recognize the concept, is in good standing under
the laws of the jurisdiction of its incorporation, formation or
other establishment, as applicable, and has all necessary
corporate, or other entity, power and authority:&#xA0;(i) to
conduct its business in the manner in which its business is
currently being conducted; (ii) to own and use its assets in the
manner in which its assets are currently owned and used; and (iii)
to perform its obligations under all Contracts by which it is
bound.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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</div>
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<div style="text-align: right; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">(c)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Each
of the Acquired Companies (in jurisdictions that recognize the
following concepts) is qualified to do business as a foreign
corporation, and is in good standing, under the laws of all
jurisdictions where the nature of its business requires such
qualification except where the failure to be so qualified would
not, individually or in the aggregate, have a Company Material
Adverse Effect.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">(d)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Company
has made available to Parent accurate and complete copies
of:&#xA0;(a) the certificate of incorporation, bylaws or other
charter and organizational documents of each Acquired Company,
including all amendments thereto; (b) the stock or other ownership
records of each Acquired Company; and (c) the minutes and other
records of the meetings and other proceedings (including any
actions taken by written consent or otherwise without a meeting) of
the stockholders, members or partners, as applicable, of each
Acquired Company, the board of directors or other governing body of
each Acquired Company and all committees of the board of directors
of each Acquired Company.&#xA0;&#xA0;The books of account, stock or
other ownership records, minute books and other records of the
Acquired Companies are accurate in all material respects,
up-to-date and complete in all material respects, and have been
maintained in accordance with prudent business
practices.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 0px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
2.02</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; text-decoration: underline; color: #000000">Capital
Structure</font><font style="color: #000000">.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(a)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">The
authorized capital stock of Company consists of 26,347,500 shares
of Company Common Stock, par value, $0.001, of which 11,992,545
shares are issued and outstanding (which includes 63,695 shares of
restricted stock) as of the close of business on the day prior to
the date hereof and 3,272,500 shares of Series Seed-1 Preferred
Stock of the Company of which 3,272,500 shares are issued and
outstanding, 2,200,000 shares of Series Seed 2 Preferred Stock of
which 1,907,683 shares are issued and outstanding, and 3,000,000
shares of Series Seed 3 Preferred Stock of which 303,500 shares are
issued and outstanding (collectively, the
&#x201C;</font><font style="font-weight: bold; font-style: italic; color: #000000">Company
Preferred Stock</font><font style="color: #000000">&#x201D;).&#xA0;&#xA0;No shares of capital stock
are held in Company&#x2019;s treasury.&#xA0;&#xA0;All outstanding
shares of Company Capital Stock are duly authorized, validly
issued, fully paid and non-assessable and were issued in compliance
with all applicable federal and state securities Legal
Requirements.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(b)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">As
of the date of this Agreement, Company has reserved an aggregate of
6,410,000 shares of Company Common Stock for issuance to employees,
consultants and non-employee directors pursuant to Company&#x2019;s
stock option plans (&#x201C;</font><font style="font-weight: bold; font-style: italic; color: #000000">Company
Stock Option Plans</font><font style="color: #000000">&#x201D;),
under which options were outstanding for an aggregate of 6,230,000
shares. 1,693,000 shares of Company Common Stock are reserved for
issuance to holders of warrants to purchase Company Common Stock
upon their exercise.&#xA0;&#xA0;All shares of Company Common Stock
subject to issuance as aforesaid, upon issuance on the terms and
conditions specified in the instruments pursuant to which they are
issuable, would be duly authorized, validly issued, fully paid and
non-assessable. Part 2.02(b) of the Company Disclosure Schedule
lists each holder of Company Capital Stock and the number and type
of shares of Company Capital Stock held by such holder, each
outstanding Company Option and Company Warrant, the name of the
holder of such Company Option or Company Warrant, the number of
shares subject to such Company Option or Company Warrant, the
exercise price of such Company Option or Company Warrant, the
vesting schedule of such Company Option or Company Warrant and
whether the exercisability of such Company Option or Company
Warrant will be accelerated in any way by the transactions
contemplated by this Agreement, indicating the extent of
acceleration, if any. Except as set forth in Part 2.02(b) of the
Company Disclosure Schedule, all Company Options terminate if not
exercised within 90 days following cessation of service, other than
in cases of death or disability. 5,483,682 shares of Company Common
Stock are issuable upon conversion of the Company Preferred
Stock.</font></font></div>
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</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">(c)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Reserved.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">(d)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Except
as set forth in Part 2.02(d) of the Company Disclosure
Schedule:&#xA0;(i) none of the outstanding shares of Company
Capital Stock are entitled or subject to any preemptive right,
right of repurchase or forfeiture, right of participation, right of
maintenance or any similar right; (ii) none of the outstanding
shares of Company Capital Stock are subject to any right of first
refusal granted by the Company; (iii) there are no outstanding
bonds, debentures, notes or other indebtedness of the Acquired
Companies having a right to vote on any matters on which the
stockholders of Company have a right to vote; (iv) there is no
Contract to which the Acquired Companies are a party relating to
the voting or registration of, or restricting any Person from
purchasing, selling, pledging or otherwise disposing of (or from
granting any option or similar right with respect to), any shares
of Company Capital Stock.&#xA0;&#xA0;None of the Acquired Companies
is under any obligation, or is bound by any Contract pursuant to
which it may become obligated, to repurchase, redeem or otherwise
acquire any outstanding shares of Company Capital Stock or other
securities.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 0px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
2.03</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; text-decoration: underline; color: #000000">Authority;
Non-Contravention; Approvals</font><font style="color: #000000">.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(a)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">Company
has the requisite corporate power and authority to enter into this
Agreement and, subject to the Required Company Stockholder Vote, to
perform its obligations hereunder and to consummate the
Transactions.&#xA0;&#xA0;The execution and delivery of this
Agreement by Company, the performance by Company of its obligations
hereunder and the consummation by Company of the Transactions have
been duly authorized by all necessary corporate action on the part
of Company, subject only to the Required Company Stockholder Vote
and the filing and recordation of the Certificate of Merger
pursuant to the DGCL.&#xA0;&#xA0;The affirmative vote of the
holders of a majority in voting power of the outstanding shares of
all Company Capital Stock (the &#x201C;</font><font style="font-weight: bold; font-style: italic; color: #000000">Required
Company Stockholder Vote</font><font style="color: #000000">&#x201D;), is the only vote of the holders of any
class or series of Company Capital Stock necessary to adopt this
Agreement and approve the Merger and the other
Transactions.&#xA0;&#xA0;This Agreement has been duly executed and
delivered by Company and, assuming the due authorization, execution
and delivery by Parent and Merger Sub, constitutes the valid and
binding obligation of Company, enforceable in accordance with its
terms, except as enforceability may be limited by bankruptcy and
other similar laws and general principles of
equity.</font></font></div>
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</div>
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</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(b)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Company&#x2019;s
board of directors, by resolutions duly adopted by vote at a
meeting of all directors of Company duly called and held and, as of
the date of this Agreement, not subsequently rescinded or modified
in any way, has, as of the date of this Agreement (i) approved this
Agreement and the Merger, and determined that this Agreement and
the Transactions, including the Merger, are fair to, and in the
best interests of, the Company Stockholders, and (ii) resolved to
recommend that the Company Stockholders adopt this Agreement and
approve the Merger and all other Transactions and directed that
such matters be submitted for consideration of the Company
Stockholders at the Company Stockholders&#x2019;
Meeting.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">(c)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">The
execution and delivery of this Agreement by Company does not, and
the performance of this Agreement by Company will not, (i) conflict
with or violate the certificate of incorporation or bylaws of
Company or the equivalent organizational documents of any of its
Subsidiaries, (ii) subject to obtaining the Required Company
Stockholder Vote and compliance with the requirements set forth in
Section 2.03(d) below, conflict with or violate any Legal
Requirement applicable to Company or any of its Subsidiaries or by
which its or any of their respective properties is bound or
affected, except for any such conflicts or violations that would
not, individually or in the aggregate, have a Company Material
Adverse Effect or would not prevent or materially delay the
consummation of the Merger, (iii) require an Acquired Company to
make any filing with or give any notice to a Person, to obtain any
Consent from a Person, or result in any breach of or constitute a
default (or an event that with notice or lapse of time or both
would become a default) under, or impair Company&#x2019;s rights or
alter the rights or obligations of any third party under, or give
to others any rights of termination, amendment, acceleration or
cancellation of, or result in the creation of a lien or encumbrance
on any of the properties or assets of Company or any of its
Subsidiaries pursuant to, any Company Contract (as defined below),
except as would not, individually or in the aggregate, have a
Company Material Adverse Effect or prevent or materially delay the
Merger or (iv) result in the creation of any Encumbrance (other
than Permitted Encumbrances) on any of the properties or assets of
any Acquired Company, except as would not, individually or in the
aggregate, have a Company Material Adverse Effect or prevent or
materially delay the Merger.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(d)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">No
material consent, approval, order or authorization of, or
registration, declaration or filing with any Governmental Body is
required by or with respect to the Company in connection with the
execution and delivery of this Agreement or the consummation of the
Transactions, except for (i) the filing of the Certificate of
Merger with the Secretary of State of the State of Delaware; (ii)
the filing of the S-4 Registration Statement and the Proxy
Statement/Prospectus with the Securities and Exchange Commission
(&#x201C;</font><font style="font-weight: bold; font-style: italic; color: #000000">SEC</font><font style="color: #000000">&#x201D;)
in accordance with the Securities Exchange Act of 1934, as amended
(the &#x201C;</font><font style="font-weight: bold; font-style: italic; color: #000000">Exchange
Act</font><font style="color: #000000">&#x201D;); (iii) such
Consents, orders, registrations, declarations and filings as may be
required under applicable federal and state securities laws and
(iv) such Consents as may be required under (A) the HSR Act or (B)
any other Legal Requirements that are designed or intended to
prohibit, restrict, or regulate actions having the purpose or
effect of monopolization or restraint of trade or significant
impediments or lessening of competition or creation or
strengthening of a dominant position through merger or acquisition
(&#x201C;</font><font style="font-weight: bold; font-style: italic; color: #000000">Foreign
Antitrust Laws</font><font style="color: #000000">&#x201D; and,
together with the HSR Act, the &#x201C;</font><font style="font-weight: bold; font-style: italic; color: #000000">Antitrust
Laws</font><font style="color: #000000">&#x201D;), in any case that
are applicable to the transactions contemplated by this
Agreement.</font></font></div>
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</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 0px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
2.04</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; text-decoration: underline; color: #000000">Anti-Takeover
Statutes Not Applicable</font><font style="color: #000000">.&#xA0;&#xA0;The board of directors of Company has
taken all actions so that no state takeover statute or similar
Legal Requirement applies or purports to apply to the execution,
delivery or performance of this Agreement or to the consummation of
the Merger or the other Transactions.&#xA0;&#xA0; The board of
directors of Company has taken all action necessary to render
inapplicable to this Agreement and the Transactions Section 203 of
the DGCL.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 0px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
2.05</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; text-decoration: underline; color: #000000">Company
Financial Statements; No Undisclosed Liabilities</font><font style="color: #000000">.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(a)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">The
audited consolidated financial statements (including any related
notes thereto) representing the financial condition of Company as
of December 31, 2018 and December 31, 2017 and the unaudited
financial statements (including the notes thereto) representing the
financial condition of Company as of September 30, 2019
(collectively, the &#x201C;</font><font style="font-weight: bold; font-style: italic; color: #000000">Company
Financials</font><font style="color: #000000">&#x201D;), including
any available quarterly financial statements (including any related
notes thereto), (i) were prepared in accordance with United States
generally accepted accounting principles
(&#x201C;</font><font style="font-weight: bold; font-style: italic; color: #000000">GAAP</font><font style="color: #000000">&#x201D;)
applied on a consistent basis throughout the periods involved
(except as may be indicated in the notes thereto), (ii) fairly
presented the consolidated financial position of Company and its
Subsidiaries as at the respective dates thereof and the
consolidated results of its operations and cash flows for the
periods indicated, except that the unaudited interim financial
statements were or are subject to normal and recurring year-end
adjustments which were not, or are not expected to be, material in
amount, and (iii) are consistent with, and have been prepared from,
the books and records of Company.&#xA0;&#xA0;The balance sheet of
Company as of September 30, 2019 is hereinafter referred to as the
&#x201C;</font><font style="font-weight: bold; font-style: italic; color: #000000">Company
Balance Sheet</font><font style="color: #000000">.&#x201D;
Notwithstanding the foregoing, unaudited financial statements are
subject to normal recurring year-end adjustments (the effect of
which will not, individual or in the aggregate, be material) and
the absence of footnotes.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">(b)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Each
of Company and its Subsidiaries maintains a system of internal
accounting controls designed to provide reasonable assurance
that:&#xA0;(i) transactions are executed in accordance with
management&#x2019;s general or specific authorizations; (ii)
transactions are recorded as necessary to permit preparation of
financial statements in conformity with GAAP and to maintain asset
accountability; (iii) access to assets is permitted only in
accordance with management&#x2019;s general or specific
authorization; and (iv) the recorded accountability for assets is
compared with the existing assets at reasonable intervals and
appropriate action is taken with respect to any
differences.&#xA0;&#xA0;Company and each of its Subsidiaries
maintains internal controls over financial reporting that provides
reasonable assurance regarding the reliability of financial
reporting and the preparation of financial statements for external
purposes in accordance with GAAP.</font></div>
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<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(c)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">Since
January 1, 2017 (the &#x201C;</font><font style="font-weight: bold; font-style: italic; color: #000000">Company</font><font style="color: #000000">&#xA0;</font><font style="font-weight: bold; font-style: italic; color: #000000">Lookback
Date</font><font style="color: #000000">&#x201D;), there have been
no formal investigations regarding financial reporting or
accounting policies and practices discussed with, reviewed by or
initiated at the direction of the chief executive officer, chief
financial officer or general counsel of Company, the board of
directors of Company or any committee thereof.&#xA0;&#xA0;Since the
Company Lookback Date, neither the Company nor its independent
auditors have identified (i) any significant deficiency or material
weakness in the system of internal accounting controls utilized by
Company, (ii) any fraud, whether or not material, that involves
Company&#x2019;s management or other employees who have a role in
the preparation of financial statements or the internal accounting
controls utilized by Company, or (iii) any claim or allegation
regarding any of the foregoing.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(d)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">Except
as disclosed in the Company Financials, neither Company nor any of
its Subsidiaries has any liabilities, Indebtedness, obligation,
expense, claim, deficiency, guaranty, or endorsement of any kind,
whether accrued, absolute, contingent, matured, or unmatured
(whether or not required to be reflected in the financial
statements in accordance with GAAP) (each, a
&#x201C;</font><font style="font-weight: bold; font-style: italic; color: #000000">Liability</font><font style="color: #000000">&#x201D;)
except Liabilities (i) identified in the Company Balance Sheet,
(ii) incurred in connection with the Transactions, (iii) described
on Part 2.05(d) of the Company Disclosure Schedule, (iv) incurred
since the date of the Company Balance Sheet in the ordinary course
of business consistent with past practices, (v) in respect of the
Bridge Notes for principle and accrued and unpaid interest, which
shall be converted into newly issued, fully paid and non-assessable
Company Common Stock immediately prior to the Effective Time or
(vi) would not have, individually or in the aggregate, a Company
Material Adverse Effect.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 0px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">Section
2.06</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; text-decoration: underline; color: #000000">Absence
Of Certain Changes Or Events</font><font style="color: #000000">.&#xA0;&#xA0;Since the date of the Company Balance
Sheet through the date of this Agreement and other than with
respect to the negotiation, execution and performance of this
Agreement, each of the Acquired Companies has conducted its
business only in the ordinary course of business consistent with
past practice, and there has not been:&#xA0;(a) any event that has
had a Company Material Adverse Effect, (b) any material change by
Company in its accounting methods, principles or practices, except
as required by concurrent changes in GAAP or as disclosed in the
notes to the Company Financials, (c) any revaluation by Company of
any of its assets having a Company Material Adverse Effect, or
writing off notes or accounts receivable other than in the ordinary
course of business or (d) any other action, event or occurrence
that would have required the consent of Parent pursuant to Section
4.01 of this Agreement had such action, event or occurrence taken
place after the execution and delivery of this
Agreement.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 0px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
2.07</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; text-decoration: underline; color: #000000">Taxes</font><font style="color: #000000">.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(a)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Each
of the income and other material Tax Returns that any Acquired
Company was required to file under applicable Legal
Requirements:&#xA0;(i) has been timely filed on or before the
applicable due date (including any extensions of such due date) and
(ii) is true and complete in all material respects.&#xA0;&#xA0;All
material Taxes due and payable by Company or its Subsidiaries have
been timely paid, except to the extent such amounts are being
contested in good faith by Company or are properly reserved for on
the books or records of Company and its Subsidiaries.&#xA0;&#xA0;No
extension of time with respect to any date on which a Tax Return
was required to be filed by an Acquired Company is in force (except
where such Tax Return was filed), and no waiver or agreement by or
with respect to an Acquired Company is in force for the extension
of time for the payment, collection or assessment of any Taxes, and
no request has been made by an Acquired Company in writing for any
such extension or waiver (except, in each case, in connection with
any request for extension of time for filing Tax
Returns).&#xA0;&#xA0;There are no liens for Taxes on any asset of
an Acquired Company other than liens for Taxes not yet due and
payable, Taxes contested in good faith or that are otherwise not
material and reserved against in accordance with
GAAP.&#xA0;&#xA0;No deficiency with respect to Taxes has been
proposed, asserted or assessed in writing against Company or its
Subsidiaries which has not been fully paid or adequately reserved
or reflected in the Company Financials.</font></div>
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<div style="margin-left: 48px; text-indent: 96px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">(b)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">The
unpaid Taxes of the Acquired Companies have been accrued on the
Company Balance Sheet in accordance with GAAP.&#xA0;&#xA0;Since the
Company Lookback Date, the Acquired Companies have not incurred any
material liability for Taxes outside of the ordinary course of
business or otherwise inconsistent with past custom or
practice.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">(c)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">No
Acquired Company will be required to include any material item of
income in, or exclude any material item of deduction or credit
from, the computation of taxable income for any taxable period (or
portion thereof) ending after the Closing Date, as a result of any
(i) change in method of accounting for a taxable period ending on
or prior to the Closing Date, (ii) &#x201C;closing agreement&#x201D;
as described in Section 7121 of the Code (or any corresponding or
similar provision of state, local or foreign income Tax law)
executed on or prior to the Closing Date, (iii) installment sale or
open transaction disposition made on or prior to the Closing Date,
(iv) prepaid amount received on or prior to the Closing Date
outside of the ordinary course of business, (v) deferred
intercompany gain or excess loss account described in the Treasury
Regulations under Section 1502 of the Code (or any corresponding or
similar provision of state, local or foreign Tax law) with respect
to a transaction occurring on or prior to the Closing Date, or (vi)
election under Section 108(i) of the Code made on or prior to the
Closing Date.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">(d)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">No
closing agreements, private letter rulings, technical advice
memoranda or similar agreements or rulings have been entered into
by any Acquired Company with any taxing authority or issued by any
taxing authority to an Acquired Company.&#xA0;&#xA0;There are no
outstanding rulings of, or request for rulings with, any
Governmental Body addressed to an Acquired Company that are, or if
issued would be, binding on an Acquired Company.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">(e)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">No
Acquired Company is a party to any Contract with any third party
relating to allocating or sharing the payment of, or liability for,
Taxes or Tax benefits (other than pursuant to customary provisions
included in credit agreements, leases, and agreements entered with
employees, in each case, not primarily related to Taxes and entered
into in the ordinary course of business).&#xA0;&#xA0;No Acquired
Company has any liability for the Taxes of any third party under
Treasury Regulation Section 1.1502-6 (or any similar provision of
state, local or foreign Legal Requirement) as a transferee or
successor or otherwise by operation of Legal
Requirements.</font></div>
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<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">(f)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">No
Acquired Company has been a member of an affiliated group of
corporations within the meaning of Section 1504 of the Code or of
any group that has filed a combined, consolidated or unitary Tax
return under state, local or foreign Tax Legal Requirement (other
than a group the common parent of which was Company).</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">(g)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">None
of the Acquired Companies is a &#x201C;controlled foreign
corporation&#x201D; within the meaning of Section 957 of the Code or
a &#x201C;passive foreign investment company&#x201D; within the
meaning of Section 1297 of the Code.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">(h)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">No
Acquired Company has participated in, or is currently participating
in, a &#x201C;listed transaction&#x201D; within the meaning of
Treasury Regulation Section 1.6011-4(b)(2).&#xA0;&#xA0;Company has
disclosed on its respective United States federal income Tax
Returns all positions taken therein that could give rise to a
substantial understatement of United States federal income Tax
within the meaning of Section 6662 of the Code.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">(i)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Each
Acquired Company is not (and has not been for the five-year period
ending at the Effective Time) a &#x201C;United States real property
holding corporation&#x201D; as defined in Section 897(c)(2) of the
Code and the applicable Treasury Regulations.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">(j)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">No
Acquired Company has distributed stock of another Person, or has
had its stock distributed by another Person, in a transaction that
was purported or intended to be governed in whole or in part by
Sections 355 or 361 of the Code.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">(k)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">No
Acquired Company has taken or agreed to take any action that would
prevent the Merger from constituting a reorganization qualifying
under Section 368 of the Code.&#xA0;&#xA0;No Acquired Company is
aware of any agreement, plan or other circumstance that would
prevent the Merger from qualifying as a reorganization under
Section 368 of the Code.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 0px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
2.08</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; text-decoration: underline; color: #000000">Intellectual
Property</font><font style="color: #000000">. To the knowledge of
Company, Company and its Subsidiaries own, or have rights to use,
all patents, patent applications, trademarks, trademark
applications, service marks, trade names, trade dress, trade
secrets, know-how, software, inventions, copyrights, licenses and
other intellectual property rights that are necessary or required
for, or used in connection with, their respective businesses as
presently conducted or as presently proposed to be conducted and
which the failure to so have would reasonably be expected to have a
Company Material Adverse Effect (collectively, the
&#x201C;</font><font style="font-weight: bold; font-style: italic; color: #000000">Company</font><font style="color: #000000">&#xA0;</font><font style="font-weight: bold; font-style: italic; color: #000000">Owned
IP Rights</font><font style="color: #000000">&#x201D;). Neither
Company nor any of its Subsidiaries has received, during the last
three (3) years, a written notice of a claim or otherwise has any
knowledge that the Company Owned IP Rights violate or infringe upon
the rights of any Person.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 0px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
2.09</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; text-decoration: underline; color: #000000">Compliance
with Legal Requirements</font><font style="color: #000000">.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">(a)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Company
and its Subsidiaries are not and have not been at any time in
conflict with (i) any Legal Requirement, order, judgment or decree
applicable to Company or any of its Subsidiaries or by which
Company or any of its Subsidiaries are bound or affected (or to
which the parent of Company is bound), or (ii) any Contract to
which Company or any of its Subsidiaries is a party or by which
Company or any of its Subsidiaries or its or any of their
respective properties is bound or affected, except for any
immaterial conflicts, defaults or violations.&#xA0;&#xA0;To
Company&#x2019;s knowledge, no investigation or review by any
Governmental Body is pending or, to the knowledge of Company,
threatened against Company or its Subsidiaries.</font></div>
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<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(b)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">Company
and its Subsidiaries hold all permits, licenses, registrations,
authorizations, variances, exemptions, orders and approvals from
Governmental Bodies which are necessary to the operation of the
business of Company and its Subsidiaries taken as a whole
(collectively, the &#x201C;</font><font style="font-weight: bold; font-style: italic; color: #000000">Company
Permits</font><font style="color: #000000">&#x201D;).&#xA0;&#xA0;Company and its Subsidiaries
are in compliance in all material respects with the terms of the
Company Permits.&#xA0;&#xA0;No action, proceeding, revocation
proceeding, amendment procedure, writ, injunction or claim is
pending or, to the knowledge of Company, threatened, which seeks to
revoke or limit any Company Permit. The rights and benefits of each
Company Permit will be available to the Surviving Corporation
immediately after the Effective Time on terms substantially
identical to those enjoyed by Company immediately prior to the
Effective Time.&#xA0;&#xA0;</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">(c)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">None
of the Acquired Companies, and to the knowledge of Company, no
Representative of any of the Acquired Companies on their behalf
with respect to any matter relating to any of the Acquired
Companies, has:&#xA0;(i) used any funds for unlawful contributions,
gifts, entertainment or other unlawful expenses relating to
political activity; (ii) made any unlawful payment to foreign or
domestic government officials or employees or to foreign or
domestic political parties or campaigns or violated any provision
of the Foreign Corrupt Practices Act of 1977, as amended or (iii)
made any other unlawful payment.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 0px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
2.10</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; text-decoration: underline; color: #000000">Legal
Proceedings; Orders</font><font style="color: #000000">.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(a)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Except
as set forth in Part 2.10(a) of the Company Disclosure Schedule,
there is no pending Legal Proceeding, and no Person has threatened
to commence any Legal Proceeding:&#xA0;(i) that involves any of the
Acquired Companies, any business of any of the Acquired Companies
or any of the assets owned, leased or used by any of the Acquired
Companies, or (ii) that challenges, or that may have the effect of
preventing, delaying, making illegal or otherwise interfering with,
the Merger or any of the other Transactions. None of the Legal
Proceedings identified in Part 2.10(a) of the Company Disclosure
Schedule has had or, if adversely determined, would reasonably be
expected to have or result in a Company Material Adverse Effect. To
the knowledge of Company, no event has occurred, and no claim,
dispute or other condition or circumstance exists, that would
reasonably be expected to give rise to or serve as a basis for the
commencement of any Legal Proceeding of the type described in
clause &#x201C;(i)&#x201D; or clause &#x201C;(ii)&#x201D; of the first
sentence of this Section 2.10(a).</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">(b)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">There
is no Order to which any of the Acquired Companies, or the assets
owned or used by any of the Acquired Companies is
subject.&#xA0;&#xA0;To the knowledge of Company, no officer or
other key employee of any of the Acquired Companies is subject to
any Order that prohibits such officer or other employee from
engaging in or continuing any conduct, activity or practice
relating to the business of any of the Acquired
Companies.</font></div>
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<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 0px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">Section
2.11</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; text-decoration: underline; color: #000000">Brokers&#x2019;
and Finders&#x2019; Fees</font><font style="color: #000000">.&#xA0;&#xA0;Except as set forth in Part 2.11 of
the Company Disclosure Schedule, no broker, finder or investment
banker is entitled to any brokerage, finder&#x2019;s or other fee or
commission in connection with the Merger or any of the other
Transactions based upon arrangements made by or on behalf of any of
the Acquired Companies.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 0px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
2.12</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; text-decoration: underline; color: #000000">Employee
Benefit Plans</font><font style="color: #000000">.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(a)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">Part
2.12(a) of the Company Disclosure Schedule <font style="color: #000000">sets forth, as of the date of this Agreement, a
complete and accurate list of each material Employee Benefit Plan
which is currently sponsored, maintained, contributed to, or
required to be contributed to or with respect to which any
potential liability is borne by any Acquired Company or any ERISA
Affiliate of any Acquired Company (collectively, the
&#x201C;</font><font style="font-weight: bold; font-style: italic; color: #000000">Company
Employee Plans</font><font style="color: #000000">&#x201D;).&#xA0;&#xA0;No Acquired Company nor, to
the knowledge of Company, any other person or entity, has made any
commitment to modify, change or terminate any Company Employee
Plan, other than with respect to a modification, change or
termination required by Legal Requirements.&#xA0;&#xA0;With respect
to each material Company Employee Plan, Company has made available
to Parent accurate and complete copies of the following documents:
(i) the plan document and any related trust agreement, including
amendments thereto; (ii) any current summary plan descriptions and
other material communications to participants relating to the plan;
(iii) each plan trust, insurance, annuity or other funding contract
or service provider agreement related thereto; (iv) the most recent
plan financial statements and actuarial or other valuation reports
prepared with respect thereto, if any; (v) the most recent IRS
determination or opinion letter, if any; (vi) copies of the most
recent plan year nondiscrimination and coverage testing results for
each plan subject to such testing requirements; and (vii) the most
recent annual reports (Form 5500) and all schedules attached
thereto for each Company Employee Plan that is subject to ERISA and
Code reporting requirements.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">(b)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Each
Company Employee Plan is being, and has been, administered in
accordance with its terms and in compliance with the requirements
prescribed by any and all Legal Requirements (including ERISA and
the Code), in all material respects.&#xA0;&#xA0;No Acquired Company
is in material default under or material violation of, and has no
knowledge of any material defaults or material violations by any
other party to, any of Company Employee Plans.&#xA0;&#xA0;All
contributions required to be made by any Acquired Company or any
ERISA Affiliate of any Acquired Company to any Company Employee
Plan have been timely paid or accrued on the most recent Company
Financials on file with the SEC, if required under
GAAP.&#xA0;&#xA0;Any Company Employee Plan intended to be qualified
under Section 401(a) of the Code has either obtained from the
Internal Revenue Service a favorable determination letter or
opinion letter as to its qualified status under the Code, and to
the knowledge of Company, no event has occurred and no condition
exists with respect to the form or operation of such Company
Employee Plan that would cause the loss of such
qualification.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">(c)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">No
Company Employee Plan provides retiree medical or other retiree
welfare benefits to any person, except as required by COBRA. No
suit, administrative proceeding or action has been brought, or to
the knowledge of Company, is threatened against or with respect to
any such Company Employee Plan, including any audit or inquiry by
the Internal Revenue Service or the United States Department of
Labor (other than routine claims for benefits arising under such
plans).&#xA0;<br></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<div id="ftr">
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<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">17</font></div>
</div>
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<div id="hdr">
<div style="text-align: right; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">(d)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">No
Acquired Company nor any ERISA Affiliate of any Acquired Company
has, during the past six (6) years from the date hereof,
maintained, established, sponsored, participated in or contributed
to, or is obligated to contribute to, or otherwise incurred any
obligation or liability (including any contingent liability) under,
any &#x201C;multiemployer plan&#x201D; (as defined in Section 3(37)
of ERISA) or any &#x201C;pension plan&#x201D; (as defined in Section
3(2) of ERISA) subject to Title IV of ERISA or Section 412 of the
Code.&#xA0;&#xA0;No Acquired Company nor any ERISA Affiliate of any
Acquired Company has, as of the date of this Agreement, any actual
or potential withdrawal liability (including any contingent
liability) for any complete or partial withdrawal (as defined in
Sections 4203 and 4205 of ERISA) from any multiemployer
plan.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">(e)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Except
as set forth in Part 2.12(e) of the Company Disclosure Schedule,
consummation of the Merger will not (i) entitle any current or
former employee or other service provider of any Acquired Company
or any ERISA Affiliate of any Acquired Company to severance
benefits or any other payment (including unemployment compensation,
golden parachute, bonus or benefits under any Company Employee
Plan); (ii) accelerate the time of payment or vesting of any such
benefits or increase the amount of compensation due any such
employee or service provider; (iii) result in the forgiveness of
any indebtedness; (iv) result in any obligation to fund future
benefits under any Company Employee Plan; or (v) result in the
imposition of any restrictions with respect to the amendment or
termination of any of Company Employee Plans. No benefit payable or
that may become payable by any Acquired Company pursuant to any
Company Employee Plan in connection with the transactions&#xA0;as a
result of or arising under this Agreement will constitute an
&#x201C;excess parachute payment&#x201D; (as defined in Section
280G(b)(1) of the Code) subject to the imposition of an excise Tax
under Section 4999 of the Code or the deduction for which would be
disallowed by reason of Section 280G of the
Code.&#xA0;<br></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 0px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
2.13</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; text-decoration: underline; color: #000000">Title
to Assets; Real Property</font><font style="color: #000000">.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">(a)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">The
Acquired Companies own, and have good, valid and marketable title
to, or, in the case of leased assets, valid leasehold interests in
or other rights to use, all tangible assets purported to be owned
or leased by them.&#xA0;&#xA0;All of said assets are owned by the
Acquired Companies free and clear of any Encumbrances, except for
Permitted Encumbrances.&#xA0;<br></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">(b)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">All
material items of equipment and other tangible assets owned by or
leased to the Acquired Companies are adequate for the uses to which
they are being put, are in good condition and repair (ordinary wear
and tear excepted) and are adequate for the conduct of the business
of the Acquired Companies in the manner in which such businesses
are currently being conducted immediately prior to the Effective
Time.&#xA0;&#xA0;The Acquired Companies do not own and have never
owned any real property or any interest in real
property.&#xA0;&#xA0;Part 2.13(b) of the Company Disclosure
Schedule sets forth a complete and accurate list of all real
property leases to which Company is a party.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<div id="ftr">
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<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">18</font></div>
</div>
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<div style="text-align: right; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 0px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
2.14</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; text-decoration: underline; color: #000000">Environmental
Matters</font><font style="color: #000000">.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(a)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">No
substance that has been designated by any Governmental Body or by
applicable federal, state or local Legal Requirement, to be
radioactive, toxic, hazardous or otherwise a danger to health
(through exposure in the environment) or the environment,
including, without limitation, PCBs, asbestos, petroleum,
urea-formaldehyde and all substances listed as hazardous substances
pursuant to the Comprehensive Environmental Response, Compensation,
and Liability Act of 1980, as amended, or defined as a hazardous
waste pursuant to the United States Resource Conservation and
Recovery Act of 1976, as amended, and the regulations promulgated
pursuant to said laws (a &#x201C;</font><font style="font-weight: bold; font-style: italic; color: #000000">Hazardous
Material</font><font style="color: #000000">&#x201D;), has been
released, as a result of the deliberate actions of Company or any
of its Subsidiaries, or, to Company&#x2019;s knowledge, as a result
of any actions of any third party or otherwise, in, on or under any
property, including the land and the improvements, ground water and
surface water thereof, that Company or any of its Subsidiaries
currently owns, operates, occupies or leases, in such quantities as
would cause a Company Material Adverse Effect.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(b)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">Neither
Company nor any of its Subsidiaries has, since the Company Lookback
Date, transported, stored, used, manufactured, disposed of, or
released Hazardous Materials (collectively,
&#x201C;</font><font style="font-weight: bold; font-style: italic; color: #000000">Hazardous
Material Activities</font><font style="color: #000000">&#x201D;) in
material violation of any Legal Requirement in effect on or before
the date hereof.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(c)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">Company
and its Subsidiaries currently hold all environmental approvals,
permits, licenses, clearances and consents (the
&#x201C;</font><font style="font-weight: bold; font-style: italic; color: #000000">Company
Environmental Permits</font><font style="color: #000000">&#x201D;)
necessary for the conduct of Company&#x2019;s and its
Subsidiaries&#x2019; Hazardous Material Activities and other
businesses of Company and its Subsidiaries as such activities and
businesses are currently being conducted, except where the failure
to so hold would not have a Company Material Adverse
Effect.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">(d)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">No
material action, proceeding, revocation proceeding, amendment
procedure, writ, injunction or claim is pending, or to the
knowledge of Company, threatened concerning any Company
Environmental Permit, Hazardous Material or any Hazardous Material
Activity of Company or any of its
Subsidiaries.&#xA0;<br></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 0px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
2.15</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; text-decoration: underline; color: #000000">Labor
Matters</font><font style="color: #000000">.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">(a)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">To
the Company&#x2019;s knowledge, no key employee or group of
employees has threatened to terminate employment with Company or
has plans to terminate such employment.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">(b)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Except
as disclosed in Part 2.15(b) of the Company Disclosure Schedule,
the Company is not a party to or bound by any collective bargaining
agreement, nor has it experienced any strikes, grievances, claims
of unfair labor practices or other collective bargaining
disputes.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">(c)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Except
as disclosed in Part 2.15(c) of the Company Disclosure Schedule,
neither Company nor any of its Subsidiaries is a party to any
written or oral:&#xA0;(i) agreement with any current or former
employee the benefits of which are contingent upon, or the terms of
which will be materially altered by, the consummation of the Merger
or other Transactions; (ii) agreement with any current or former
employee of Company providing any term of employment or
compensation guarantee extending for a period longer than one year
from the date hereof or for the payment of compensation in excess
of $50,000 per annum; or (iii) agreement or plan the benefits of
which will be increased, or the vesting of the benefits of which
will be accelerated, upon the consummation of the
Merger.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<div id="ftr">
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<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">19</font></div>
</div>
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<div style="text-align: right; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 0px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
2.16</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; text-decoration: underline; color: #000000">Company
Contracts</font><font style="color: #000000">.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">(a)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Except
for Excluded Contracts or as set forth in Part 2.16 of the Company
Disclosure Schedule, neither Company nor any of its Subsidiaries is
a party to or is bound by:</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 144px; display: table">
<div style="display: table-row">
<div style="text-align: left; display: table-cell; width: 48px">
<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">(i)</font></div>
<div style="text-align: justify; display: table-cell"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">any
management, employment, severance, retention, transaction bonus,
change in control, consulting, relocation, repatriation or
expatriation agreement or other similar Contract between:&#xA0;(i)
any of the Acquired Companies or any of their ERISA Affiliates; and
(ii) any active, retired or former employees, directors or
consultants of any Acquired Company or any of their ERISA
Affiliates, other than any such Contract that is terminable
&#x201C;at will&#x201D; (or following a notice period imposed by
applicable Legal Requirements) without any obligation on the part
of any Acquired Company or any of their ERISA Affiliates to make
any severance, termination, change in control or similar payment or
to provide any benefit, other than severance payments required to
be made by any Acquired Company under applicable foreign Legal
Requirements;</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 144px; display: table">
<div style="display: table-row">
<div style="text-align: left; display: table-cell; width: 48px">
<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">(ii)</font></div>
<div style="text-align: justify; display: table-cell"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">any
Contracts identified or required to be identified in Part 2.13(b)
of the Company Disclosure Schedule;</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 144px; display: table">
<div style="display: table-row">
<div style="text-align: left; display: table-cell; width: 48px">
<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">(iii)</font></div>
<div style="text-align: justify; display: table-cell"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">any
Contract with any distributor, reseller or sales representative
with an annual value in excess of $50,000;</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 144px; display: table">
<div style="display: table-row">
<div style="text-align: left; display: table-cell; width: 48px">
<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">(iv)</font></div>
<div style="text-align: justify; display: table-cell"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">any
Contract with any manufacturer, vendor, or other Person for the
supply of materials or performance of services by such third party
to Company in relation to the manufacture of the Company&#x2019;s
products or product candidates with an annual value in excess of
$50,000;</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 144px; display: table">
<div style="display: table-row">
<div style="text-align: left; display: table-cell; width: 48px">
<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">(v)</font></div>
<div style="text-align: justify; display: table-cell"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">any
agreement or plan, including, without limitation, any stock option
plan, stock appreciation right plan or stock purchase plan, any of
the benefits of which will be increased, or the vesting of benefits
of which will be accelerated, by the occurrence of any of the
Transactions or the value of any of the benefits of which will be
calculated on the basis of any of the Transactions;</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<div id="ftr">
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</div>
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<div style="text-align: right; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="margin-left: 144px; display: table">
<div style="display: table-row">
<div style="text-align: left; display: table-cell; width: 48px">
<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">(vi)</font></div>
<div style="text-align: justify; display: table-cell"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">any
Contract incorporating or relating to any guaranty, any warranty,
any sharing of liabilities or any indemnity not entered into in the
ordinary course of business, including any indemnification
agreements between Company or any of its Subsidiaries and any of
its officers or directors;</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 144px; display: table">
<div style="display: table-row">
<div style="text-align: left; display: table-cell; width: 48px">
<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">(vii)</font></div>
<div style="text-align: justify; display: table-cell"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">any
Contract imposing, by its express terms, any material restriction
on the right or ability of any Acquired Company:&#xA0;(A) to
compete with any other Person; (B) to acquire any product or other
asset or any services from any other Person; or (C) to develop,
sell, supply, distribute, offer, support or service any product or
any technology or other asset to or for any other
Person;</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 144px; display: table">
<div style="display: table-row">
<div style="text-align: left; display: table-cell; width: 48px">
<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">(viii)</font></div>
<div style="text-align: justify; display: table-cell"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">any
Contract currently in force relating to the disposition or
acquisition of assets not in the ordinary course of business or any
ownership interest in any corporation, partnership, joint venture
or other business enterprise;</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 144px; display: table">
<div style="display: table-row">
<div style="text-align: left; display: table-cell; width: 48px">
<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">(ix)</font></div>
<div style="text-align: justify; display: table-cell"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">any
mortgages, indentures, loans or credit agreements, security
agreements or other agreements or instruments relating to the
borrowing of money or extension of credit in excess of
$50,000;</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 144px; display: table">
<div style="display: table-row">
<div style="text-align: left; display: table-cell; width: 48px">
<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">(x)</font></div>
<div style="text-align: justify; display: table-cell"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">any
joint marketing or development agreement;</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 144px; display: table">
<div style="display: table-row">
<div style="text-align: left; display: table-cell; width: 48px">
<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">(xi)</font></div>
<div style="text-align: justify; display: table-cell"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">any
commercial Contract that would reasonably be expected to have a
material effect on the ability of the Company to perform any of its
material obligations under this Agreement, or to consummate any of
the transactions contemplated by this Agreement, that is not set
forth on Part 2.03 of the Company Disclosure Schedule;</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 144px; display: table">
<div style="display: table-row">
<div style="text-align: left; display: table-cell; width: 48px">
<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">(xii)</font></div>
<div style="text-align: justify; display: table-cell"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">any
Contract that provides for:&#xA0;(A) any right of first refusal,
right of first negotiation, right of first notification or similar
right with respect to any securities or assets of any Acquired
Company; or (B) any &#x201C;no shop&#x201D; provision or similar
exclusivity provision with respect to any securities or assets of
any Acquired Company; or</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 144px; display: table">
<div style="display: table-row">
<div style="text-align: left; display: table-cell; width: 48px">
<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">(xiii)</font></div>
<div style="text-align: justify; display: table-cell"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">any
Contract that contemplates or involves the payment or delivery of
cash or other consideration in an amount or having a value in
excess of $50,000 in the aggregate, or contemplates or involves the
performance of services having a value in excess of $50,000 in the
aggregate other than any arrangement or agreement expressly
contemplated or provided for under this Agreement.</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(b)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">Company
has made available to Parent an accurate and complete copy of each
Contract listed or required to be listed in Part 2.16 of the
Company Disclosure Schedule (any such Contract, a
&#x201C;</font><font style="font-weight: bold; font-style: italic; color: #000000">Company
Contract</font><font style="color: #000000">&#x201D;).&#xA0;&#xA0;Except as disclosed in Part
2.16 of the Company Disclosure Schedule, neither Company nor any of
its Subsidiaries, nor to the Company&#x2019;s knowledge any other
party to a Company Contract, has breached or violated in any
material respect or materially defaulted under, or received written
notice that it has breached, violated or defaulted under, any of
the terms or conditions of any of the Company
Contracts.&#xA0;&#xA0;To the knowledge of Company, no event has
occurred, and no circumstance or condition exists, that (with or
without notice or lapse of time) would reasonably be expected
to:&#xA0;(i) result in a violation or breach in any material
respect of any of the provisions of any Company Contract; (ii) give
any Person the right to declare a default in any material respect
under any Company Contract; (iii) give any Person the right to
receive or require a rebate, chargeback, penalty or change in
delivery schedule under any Company Contract; (iv) give any Person
the right to accelerate the maturity or performance of any Company
Contract; or (v) give any Person the right to cancel, terminate or
modify any Company Contract.&#xA0;&#xA0;Each Company Contract is
valid, binding, enforceable and in full force and effect, except as
enforceability may be limited by bankruptcy and other similar laws
and general principles of equity.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<div id="ftr">
<div style="text-align: left; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">21</font></div>
</div>
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<div id="hdr">
<div style="text-align: right; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 0px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">Section
2.17</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; text-decoration: underline; color: #000000">Books
and Records</font><font style="color: #000000">.&#xA0;&#xA0;The
minute books of Company and its Subsidiaries made available to
Parent or counsel for Parent are the only minute books of Company
and contain accurate summaries, in all material respects, of all
meetings of the board of directors (or committees thereof) and
stockholders or actions by written consent since the time of
incorporation of Company or such Subsidiaries, as the case may
be.&#xA0;&#xA0;The books and records of Company accurately reflect
in all material respects the assets, liabilities, business,
financial condition and results of operations of Company and have
been maintained in accordance with good business and bookkeeping
practices.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 0px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
2.18</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; text-decoration: underline; color: #000000">Insurance</font><font style="color: #000000">.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(a)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">The
Company or its Subsidiaries maintain all policies of fire, theft,
casualty, general liability, workers compensation, business
interruption, environmental, product liability and automobile
insurance policies and bond and surety arrangements and other forms
of insurance (the &#x201C;</font><font style="font-weight: bold; font-style: italic; color: #000000">Company
Insurance Policies</font><font style="color: #000000">&#x201D;) in
such amounts, with such deductibles and against such risks and
losses that are necessary for the operation of the Company&#x2019;s
and its Subsidiaries&#x2019; businesses in all material
respects.&#xA0;&#xA0;The Company Insurance Policies are in full
force and effect, maintained with reputable companies against loss
relating to the business, operations and properties and such other
risks as companies engaged in similar business as the Acquired
Companies would, in accordance with good business practice,
customarily insure.&#xA0;&#xA0;All premiums due and payable under
such Company Insurance Policies have been paid on a timely basis,
and each Acquired Company is in compliance in all material respects
with all other terms thereof.&#xA0;&#xA0;True, complete and correct
copies, of such Company Insurance Policies, or summaries of all
terms material thereof, have been made available to
Parent.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">(b)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">There
are no material claims pending under any Company Insurance Policies
as to which coverage has been questioned, denied or disputed. All
material claims thereunder have been filed in a due and timely
fashion and no Acquired Company has been refused insurance for
which it has applied or had any policy of insurance terminated
(other than at its request), nor has any Acquired Company received
notice from any insurance carrier that:&#xA0;(i) such insurance
will be canceled or that coverage thereunder will be reduced or
eliminated; or (ii) premium costs with respect to such insurance
will be increased, other than premium increases in the ordinary
course of business applicable on their terms to all holders of
similar policies.&#xA0;<br></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<div id="ftr">
<div style="text-align: left; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">22</font></div>
</div>
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<div id="hdr">
<div style="text-align: right; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 0px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
2.19</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; text-decoration: underline; color: #000000">Interested
Party Transactions</font><font style="color: #000000">.&#xA0;&#xA0;No event has occurred during the past
three years that would be required to be reported by Company as a
Certain Relationship or Related Transaction pursuant to Item 404 of
Regulation S-K, if Company were required to report such information
in periodic reports pursuant to the Exchange
Act.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 0px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
2.20</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; text-decoration: underline; color: #000000">Subscription
Agreement</font><font style="color: #000000">. The Subscription
Agreement has not been amended or modified in any manner prior to
the date of this Agreement. Neither the Company nor, to the
knowledge of the Company, any of its Affiliates has entered into
any agreement, side letter or other arrangement relating to the
Company Pre-Closing Financing other than as set forth in the
Subscription Agreement or a term sheet for the Bridge Notes. The
respective obligations and agreements contained in the Subscription
Agreement have not been withdrawn or rescinded in any respect. The
Subscription Agreement is in full force and effect and represents a
valid, binding and enforceable obligation of the Company and, to
the knowledge of the Company, of each party thereto, subject to
applicable bankruptcy, insolvency, reorganization, moratorium, or
other similar Laws relating to creditors&#x2019; rights and general
principles of equity. No event has occurred which, with or without
notice, lapse of time or both, would constitute a breach or default
on the part of the Company or, to the knowledge of the Company, any
other party thereto, under the Subscription Agreement. To the
knowledge of the Company, no party thereto will be unable to
satisfy on a timely basis any term of the Subscription Agreement.
There are no conditions precedent related to the consummation of
the Company Pre-Closing Financing, other than the satisfaction or
waiver of the conditions expressly set forth in the Subscription
Agreement. To the knowledge of the Company, the proceeds of the
Company Pre-Closing Financing will be made available to the Company
prior to the consummation of the Merger.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 0px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">Section
2.21</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; text-decoration: underline; color: #000000">Disclosure;
Company Information</font><font style="color: #000000">.&#xA0;&#xA0;The information relating to Company
or its Subsidiaries to be supplied by or on behalf of Company for
inclusion or incorporation by reference in the&#xA0;S-4
Registration Statement and the Proxy Statement/Prospectus will not,
on the date of filing thereof or the date that it is first mailed
to the Parent stockholders, as applicable, or at the time of the
Parent Stockholders&#x2019; Meeting or at the time of any amendment
or supplement thereof, contain any untrue statement of any 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 false or
misleading at the time and in light of the circumstances under
which such statement is made. Notwithstanding the foregoing, no
representation is made by Company with respect to the information
that has been or will be supplied by Parent and Merger Sub or any
of their Representatives for inclusion in the S-4 Registration
Statement and the Proxy
Statement/Prospectus.&#xA0;<br></font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<div id="ftr">
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<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">23</font></div>
</div>
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<div id="hdr">
<div style="text-align: right; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
<font style="color: #000000">ARTICLE
III.</font></font>&#xA0;<br></font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold"><font style="font-family: Times New Roman; font-size: 13px">REPRESENTATIONS AND
WARRANTIES OF PARENT AND MERGER SUB</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Except
as set forth in the corresponding sections or subsections of the
Company Disclosure Schedule and except for any disclosure set forth
in any of the Parent SEC Documents (excluding any &#x201C;risk
factor&#x201D; sections thereof), Parent and Merger Sub represent
and warrant to Company as follows:</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 0px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
3.01</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; text-decoration: underline; color: #000000">Organization
and Qualification</font><font style="color: #000000">.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">(a)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Part
3.01(a) of the Parent Disclosure Schedule identifies each
Subsidiary of Parent and indicates its jurisdiction of
organization.&#xA0;&#xA0;Neither Parent nor any of the Entities
identified in Part 3.01(a) of the Parent Disclosure Schedule owns
any capital stock of, or any equity interest of any nature in, any
other Entity, other than the Entities identified in Part 3.01(a) of
the Parent Disclosure Schedule.&#xA0;&#xA0;None of the Acquiring
Companies has agreed or is obligated to make, or is bound by any
Contract under which it may become obligated to make, any future
investment in or capital contribution to any other
Entity.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">(b)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Parent
is a corporation duly organized, validly existing and in good
standing under the laws of the State of Delaware, Merger Sub is a
corporation duly organized, validly existing and in good standing
under the laws of the State of Delaware, and Parent and Merger Sub
have all necessary corporate power and authority:&#xA0;(i) to
conduct their businesses in the manner in which their businesses
are currently being conducted; (ii) to own and use their assets in
the manner in which their assets are currently owned and used; and
(iii) to perform their obligations under all Contracts by which
they are bound.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">(c)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Each
of Parent and Merger Sub (in jurisdictions that recognize the
following concepts) is qualified to do business as a foreign
corporation, and is in good standing, under the laws of all
jurisdictions where the nature of its business requires such
qualification, except where the failure to be so qualified would
not, individually or in the aggregate, have a Parent Material
Adverse Effect.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(d)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Parent
has made available to Company accurate and complete copies
of:&#xA0;(a) the certificate of incorporation, bylaws or other
charter and organizational documents of Parent and its
Subsidiaries, including all amendments thereto; (b) the stock or
other ownership records of Parent and its Subsidiaries; and (c) the
minutes and other records of the meetings and other proceedings
(including any actions taken by written consent or otherwise
without a meeting) of the stockholders, members or partners, as
applicable, of Parent and its Subsidiaries, the board of directors
or other governing body of Parent and its Subsidiaries and all
committees of the board of directors of Parent and its
Subsidiaries.&#xA0;&#xA0;The books of account, stock or other
ownership records, minute books and other records of Parent and its
Subsidiaries are accurate, up-to-date and complete in all material
respects, and have been maintained in accordance with prudent
business practices.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 0px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
3.02</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; text-decoration: underline; color: #000000">Capital
Structure</font><font style="color: #000000">.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(a)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">The
authorized capital stock of Parent consists of 100,000,000 shares
of Parent Common Stock, par value, $0.0001, of which 4,061,882
shares are issued and outstanding (which includes zero shares of
restricted stock) as of the close of business on the day prior to
the date hereof and 5,000,000 shares of Preferred Stock, par value
$0.0001 per share (&#x201C;</font><font style="font-weight: bold; font-style: italic; color: #000000">Parent
Preferred Stock</font><font style="color: #000000">&#x201D;), of
which 41,947 shares are issued and outstanding as of the close of
business on the day prior to the date hereof.&#xA0;&#xA0;No shares
of capital stock are held in Parent&#x2019;s
treasury.&#xA0;&#xA0;All outstanding shares of Parent Capital Stock
are duly authorized, validly issued, fully paid and non-assessable
and were issued in compliance with all applicable federal and state
securities laws.</font></font></div>
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</div>
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</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(b)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">As
of the date of this Agreement, Parent had reserved an aggregate of
706,629 shares of Parent Common Stock, net of exercises, for
issuance to employees, consultants and non-employee directors
pursuant to the Parent Stock Option Plan, under which options were
outstanding for an aggregate of 380,396 shares. 4,057,506 shares of
Parent Common Stock are reserved for issuance to holders of
warrants to purchase Parent Common Stock upon their
exercise.&#xA0;&#xA0;All shares of Parent Common Stock subject to
issuance as aforesaid, upon issuance on the terms and conditions
specified in the instruments pursuant to which they are issuable,
would be duly authorized, validly issued, fully paid and
non-assessable. Part 3.02(b) of the Parent Disclosure Schedule
lists each outstanding option to purchase shares of Parent Capital
Stock (a &#x201C;</font><font style="font-weight: bold; font-style: italic; color: #000000">Parent
Option</font><font style="color: #000000">&#x201D;), and the name of
the holder thereof, the number of shares subject thereto, the
exercise price thereof and the vesting schedule and
post-termination exercise period thereof. There are 3,810,269
shares of Parent Common Stock issuable upon conversion of the
Parent Preferred Stock.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">(c)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">The
shares of Parent Common Stock issuable as Merger Consideration,
upon issuance on the terms and conditions contemplated in this
Agreement, would be duly authorized, validly issued, fully paid and
non-assessable.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">(d)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Except
as set forth in Part 3.02(d) of the Parent Disclosure
Schedule:&#xA0;(i) none of the outstanding shares of Parent Capital
Stock are entitled or subject to any preemptive right, right of
repurchase or forfeiture, right of participation, right of
maintenance or any similar right; (ii) none of the outstanding
shares of Parent Capital Stock are subject to any right of first
refusal in favor of Parent; (iii) there are no outstanding bonds,
debentures, notes or other indebtedness of the Acquiring Companies
having a right to vote on any matters on which the stockholders of
Parent have a right to vote; (iv) there is no Contract to which the
Acquiring Companies are a party relating to the voting or
registration of, or restricting any Person from purchasing,
selling, pledging or otherwise disposing of (or from granting any
option or similar right with respect to), any shares of Parent
Capital Stock.&#xA0;&#xA0;None of the Acquiring Companies is under
any obligation, or is bound by any Contract pursuant to which it
may become obligated, to repurchase, redeem or otherwise acquire
any outstanding shares of Parent Capital Stock or other
securities.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 0px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
3.03</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; text-decoration: underline; color: #000000">Authority;
Non-Contravention; Approvals</font><font style="color: #000000">.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(a)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">Parent
has the requisite corporate power and authority to enter into this
Agreement and, subject to Parent Stockholder Approval, to perform
its obligations hereunder and to consummate the Parent
Transactions.&#xA0;&#xA0;The execution and delivery by Parent of
this Agreement, the performance by Parent of its obligations
hereunder and the consummation by Parent of the Parent Transactions
have been duly authorized by all necessary corporate action on the
part of Parent and Merger Sub, subject only to Parent Stockholder
Approval, to adoption of this Agreement by Parent as sole
stockholder of Merger Sub immediately following the execution
hereof, the filing and recordation of an amended and restated
certificate of incorporation reflecting the matters contemplated
pursuant to Section 1.04(c) (the &#x201C;</font><font style="font-weight: bold; font-style: italic; color: #000000">Parent
Charter Amendment</font><font style="color: #000000">&#x201D;) and
the filing and recordation of the Certificate of Merger pursuant to
the DGCL.&#xA0;&#xA0;The affirmative vote of the holders of a
majority in voting power of the outstanding shares of Parent Common
Stock outstanding on the applicable record date
(&#x201C;</font><font style="font-weight: bold; font-style: italic; color: #000000">Parent
Stockholder Approval</font><font style="color: #000000">&#x201D;) is
the only vote of the holders of any class or series of Parent
Capital Stock necessary to adopt or approve the Parent Stockholder
Approval Matters (except that the approval of the issuance of the
shares of Parent Common Stock to the Company Stockholders at the
Effective Time only requires the affirmative vote of a majority of
the votes cast assuming that a quorum is present at the Parent
Stockholder Meeting).&#xA0;&#xA0;This Agreement has been duly
executed and delivered by Parent and Merger Sub and, assuming the
due authorization, execution and delivery of this Agreement by
Company, this Agreement constitutes the valid and binding
obligation of Parent and Merger Sub, enforceable in accordance with
its terms, except as enforceability may be limited by bankruptcy
and other similar laws and general principles of
equity.</font></font></div>
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</div>
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</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">(b)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Parent&#x2019;s
board of directors, by resolutions duly adopted by a unanimous vote
at a meeting of all directors of Parent duly called and held, or by
unanimous written consent of the board of directors of
Parent,&#xA0;and, as of the date of this Agreement, not
subsequently rescinded or modified in any way, has, as of the date
of this Agreement (i) approved this Agreement and the Merger, and
determined that this Agreement and the Parent Transactions,
including the Merger, are fair to, and in the best interests of
Parent&#x2019;s stockholders, and (ii) resolved to recommend that
Parent&#x2019;s stockholders approve the Parent Stockholder Approval
Matters and directed that such matters be submitted for
consideration of the stockholders of Parent at the Parent
Stockholders&#x2019; Meeting.&#xA0;&#xA0;The board of directors of
Merger Sub has approved and declared advisable this Agreement and
the Merger and submitted this Agreement to Parent, as its sole
stockholder for adoption thereby.&#xA0;&#xA0;Immediately following
the execution of this Agreement, Parent in its capacity as the sole
stockholder of Merger Sub, shall execute a written consent adopting
this Agreement.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">(c)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">The
execution and delivery of this Agreement by Parent and Merger Sub
does not, and the performance of this Agreement by Parent or Merger
Sub will not, (i) conflict with or violate the certificate of
incorporation or bylaws of Parent or Merger Sub, (ii) subject to
obtaining Parent Stockholder Approval and compliance with the
requirements set forth in Section 3.03(d) below, conflict with or
violate any Legal Requirement, order, judgment or decree applicable
to Parent or Merger Sub or by which their respective properties are
bound or affected, except for any such conflicts or violations that
would not have a Parent Material Adverse Effect or would not
prevent or materially delay the consummation of the Merger, (iii)
require an Acquiring Company to make any filing with or give any
notice to or obtain any Consent from a Person pursuant to any
Parent Contract, result in any breach of or constitute a default
(or an event that with notice or lapse of time or both would become
a default) under, or impair Parent&#x2019;s rights or alter the
rights or obligations of any third party under, or give to others
any rights of termination, amendment, acceleration or cancellation
of, or result in the creation of a lien or Encumbrance on any of
the properties or assets of Parent pursuant to, any Parent Contract
or (iv) otherwise result in the creation of any Encumbrance on any
of the properties or assets of Parent.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(d)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">No
consent, approval, order or authorization of, or registration,
declaration or filing with any Governmental Body is required by or
with respect to Parent in connection with the execution and
delivery of this Agreement or the consummation of the Parent
Transactions, except for (i) the filing with the SEC of any
outstanding periodic reports due under the Exchange Act, (ii) the
filing of the Certificate of Merger with the Secretary of State of
the State of Delaware, (iii) the filing of the S-4 Registration
Statement and the Proxy Statement/Prospectus with the SEC in
accordance with the Exchange Act, (iv) the filing of Current
Reports on Form 8-K with the SEC within four business days after
the execution of this Agreement and the Closing Date, (v) the
filing of the Parent Charter Amendment with the Secretary of State
of the State of Delaware in accordance with Section 5.15, (vii)
such approvals as may be required under applicable state securities
or &#x201C;blue sky&#x201D; laws or the rules and regulations of
Nasdaq or other applicable national securities exchange or
over-the-counter market and (viii) such consents as may be required
under the Antitrust Laws, in any case that are applicable to the
transactions contemplated by this Agreement.</font></div>
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</div>
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</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 0px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">Section
3.04</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; text-decoration: underline; color: #000000">Anti-Takeover
Statutes Not Applicable</font><font style="color: #000000">.&#xA0;&#xA0;The board of directors of Parent has
taken all actions so that no state takeover statute or similar
Legal Requirement applies or purports to apply to the execution,
delivery or performance of this Agreement or to the consummation of
the Merger or the other Transactions.&#xA0;&#xA0;The board of
directors of Parent has taken all action necessary to render
inapplicable to this Agreement and the Transactions Section 203 of
the DGCL.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 0px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
3.05</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; text-decoration: underline; color: #000000">SEC
Filings; Parent Financial Statements; No Undisclosed
Liabilities</font><font style="color: #000000">.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(a)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">Parent
has made available to Company accurate and complete copies of all
registration statements, proxy statements, Certifications (as
defined below) and other statements, reports, schedules, forms and
other documents filed by Parent with or furnished by Parent to the
SEC since January 1, 2017 (the &#x201C;</font><font style="font-weight: bold; font-style: italic; color: #000000">Parent
Lookback Date</font><font style="color: #000000">&#x201D;) (the
&#x201C;</font><font style="font-weight: bold; font-style: italic; color: #000000">Parent SEC
Documents</font><font style="color: #000000">&#x201D;), other than
such documents that can be obtained on the SEC&#x2019;s website
at</font> <font style="text-decoration: underline; color: #000000">www.sec.gov</font>
<font style="color: #000000">(the &#x201C;</font><font style="font-weight: bold; font-style: italic; color: #000000">SEC
Website</font><font style="color: #000000">&#x201D;).&#xA0;&#xA0;All
Parent SEC Documents have been timely filed and, as of the time a
Parent SEC Document was filed with the SEC (or, if amended or
superseded by a filing prior to the date of this Agreement, then on
the date of such filing):&#xA0;(i) each of the Parent SEC Documents
complied in all material respects with the applicable requirements
of the Securities Act of 1933, as amended (the
&#x201C;</font><font style="font-weight: bold; font-style: italic; color: #000000">Securities
Act</font><font style="color: #000000">&#x201D;), or the Exchange
Act (as the case may be) and (ii) none of the Parent SEC Documents
contained any untrue statement of a material fact or omitted to
state a material fact required to be stated therein or necessary in
order to make the statements therein, in the light of the
circumstances under which they were made, not
misleading.&#xA0;&#xA0;Each of the certifications and statements
relating to the Parent SEC Documents required by:&#xA0;(1) the
SEC&#x2019;s Order dated June 27, 2002 pursuant to Section 21(a)(1)
of the Exchange Act (File No. 4-460); (2) Rule 13a-14 or 15d-14
under the Exchange Act; or (3) 18 U.S.C. &#xA7;1350 (Section 906 of
the Sarbanes-Oxley Act) is accurate and complete (the
&#x201C;</font><font style="font-weight: bold; font-style: italic; color: #000000">Certifications</font><font style="color: #000000">&#x201D;),
and complied as to form and content with all applicable Legal
Requirements in effect at the time such Parent Certification was
filed with or furnished to the SEC.&#xA0;&#xA0;As used in this
Section 3.05, the term &#x201C;file&#x201D; and variations thereof
will be broadly construed to include any manner in which a document
or information is furnished, supplied or otherwise made available
to the SEC.</font></font></div>
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<div style="text-align: right; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(b)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Except
for such comment letters or correspondence as can be obtained on
the SEC Website or which Parent has made available in a data room
for review by Company, from the Parent Lookback Date through the
date hereof, Parent has not received any comment letter from the
SEC or the staff thereof or any correspondence from the Nasdaq or
the staff thereof relating to the delisting or maintenance of
listing of the Parent Common Stock on the Nasdaq. Except as
disclosed in the Parent SEC Documents or documents that Parent has
made available in a data room for review by Company, Parent has no
unresolved SEC comments. As of the date of this Agreement, Parent
is in compliance in all material respects with the applicable
listing and governance rules and regulations of the
Nasdaq.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">(c)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Since
the Parent Lookback Date, there have been no formal internal
investigations regarding financial reporting or accounting policies
and practices discussed with, reviewed by or initiated at the
direction of the chief executive officer or chief financial officer
of Parent, the board of directors of Parent or any committee
thereof, other than ordinary course audits or reviews of accounting
policies and practices or internal controls required by the
Sarbanes-Oxley Act.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(d)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Parent
is in compliance in all material respects with the applicable
provisions of the Sarbanes-Oxley Act that are effective as of the
date of this Agreement.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">(e)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Parent
and its Subsidiaries maintain disclosure controls and procedures
required by Rule 13a-15 or 15d-15 under the Exchange
Act.&#xA0;&#xA0;Such disclosure controls and procedures are
designed to ensure that all material information (both financial
and non-financial) required to be disclosed by Parent in the
reports that it files, submits or furnishes under the Exchange Act
is recorded, processed, summarized and reported within the time
periods specified in the rules and forms of the SEC, and that all
such information is accumulated and communicated to Parent&#x2019;s
management as appropriate to allow timely decisions regarding
required disclosure and to make the Certifications.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(f)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">The
financial statements (including any related notes) contained or
incorporated by reference in the Parent SEC Documents (the
&#x201C;</font><font style="font-weight: bold; font-style: italic; color: #000000">Parent
Financials</font><font style="color: #000000">&#x201D;):&#xA0;(i)
complied as to form in all material respects with the published
rules and regulations of the SEC applicable thereto; (ii) were
prepared in accordance with GAAP (except as may be indicated in the
notes to such financial statements or, in the case of unaudited
financial statements, as permitted by the SEC, and except that the
unaudited financial statements may not contain footnotes and are
subject to normal and recurring year-end adjustments that are not
reasonably expected to be material in amount) applied on a
consistent basis unless otherwise noted therein throughout the
periods indicated; (iii) fairly present the consolidated financial
position of Parent as of the respective dates thereof and the
consolidated results of operations and cash flows of Parent for the
periods covered thereby.&#xA0;&#xA0;Parent has not effected any
securitization transactions or &#x201C;off-balance sheet
arrangements&#x201D; (as defined in Item 303(c) of SEC Regulation
S-K).&#xA0;&#xA0;Other than as expressly disclosed in the Parent
SEC Documents filed prior to the date hereof, there has been no
material change in Parent&#x2019;s accounting methods or principles
that would be required to be disclosed in Parent&#x2019;s Financials
in accordance with GAAP.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
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<div style="text-align: right; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(g)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Except
as disclosed in the Parent Financials, neither Parent nor any of
its Subsidiaries has any Liabilities that are, individually or in
the aggregate, material to the business, results of operations or
financial condition of Parent and its Subsidiaries taken as a
whole, except Liabilities (i) identified in the Parent Financials,
(ii) incurred in connection with the Parent Transactions, (iii)
disclosed in Part 3.05(g) of the Parent Disclosure Schedule, (iv)
set forth in any Parent Contract, or (v) incurred since the date of
the Parent Unaudited Interim Balance Sheet&#xA0;in the ordinary
course of business.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 0px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
3.06</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; text-decoration: underline; color: #000000">Absence
of Certain Changes or Events</font><font style="color: #000000">.
Since the date of the most recent periodic report on Form 10-Q
filed by Parent with the SEC through the date of this Agreement,
each of the Acquiring Companies has conducted its business in the
ordinary course of business, and (a) there has not been any event
that has had a Parent Material Adverse Effect; (b) no Acquiring
Company has entered into or amended any material terms of any
Contract, in each case providing for new obligations in excess of
$25,000 or (c) incurred any Indebtedness.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 0px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
3.07</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; text-decoration: underline; color: #000000">Taxes</font><font style="color: #000000">.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(a)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Each
of the income and other material Tax Returns that any Acquiring
Company was required to file under applicable Legal
Requirements:&#xA0;(i) has been timely filed on or before the
applicable due date (including any extensions of such due date) and
(ii) is true and complete in all material respects.&#xA0;&#xA0;All
material Taxes due and payable by Parent or its Subsidiaries have
been timely paid, except to the extent such amounts are being
contested in good faith by Parent or are properly reserved for on
the books or records of Parent and its Subsidiaries.&#xA0;&#xA0;No
extension of time with respect to any date on which a Tax Return
was required to be filed by an Acquiring Company is in force
(except where such Tax Return was filed), and no waiver or
agreement by or with respect to an Acquiring Company is in force
for the extension of time for the payment, collection or assessment
of any Taxes, and no request has been made by an Acquiring Company
in writing for any such extension or waiver (except, in each case,
in connection with any request for extension of time for filing Tax
Returns).&#xA0;&#xA0;There are no liens for Taxes on any asset of
an Acquiring Company other than liens for Taxes not yet due and
payable, Taxes contested in good faith or that are otherwise not
material and reserved against in accordance with
GAAP.&#xA0;&#xA0;No deficiency with respect to Taxes has been
proposed, asserted or assessed in writing against Parent or its
Subsidiaries which has not been fully paid or adequately reserved
or reflected in the Parent Financials.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">(b)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">The
unpaid Taxes of the Acquiring Companies have been accrued on the
Parent Financials in accordance with GAAP.&#xA0;&#xA0;Since the
Parent Lookback Date, the Acquiring Companies have not incurred any
material liability for Taxes outside of the ordinary course of
business or otherwise inconsistent with past custom or
practice.</font></div>
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</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">(c)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">No
Acquiring Company will be required to include any material item of
income in, or exclude any material item of deduction or credit
from, the computation of taxable income for any taxable period (or
portion thereof) ending after the Closing Date, as a result of any
(i) change in method of accounting for a taxable period ending on
or prior to the Closing Date, (ii) &#x201C;closing agreement&#x201D;
as described in Section 7121 of the Code (or any corresponding or
similar provision of state, local or foreign income Tax law)
executed on or prior to the Closing Date, (iii) installment sale or
open transaction disposition made on or prior to the Closing Date,
(iv) prepaid amount received on or prior to the Closing Date
outside of the ordinary course of business, (v) deferred
intercompany gain or excess loss account described in the Treasury
Regulations under Section 1502 of the Code (or any corresponding or
similar provision of state, local or foreign Tax law) with respect
to a transaction occurring on or prior to the Closing Date, or (vi)
election under Section 108(i) of the Code made on or prior to the
Closing Date.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">(d)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">No
closing agreements, private letter rulings, technical advice
memoranda or similar agreements or rulings have been entered into
by any Acquiring Company with any taxing authority or issued by any
taxing authority to an Acquiring Company.&#xA0;&#xA0;There are no
outstanding rulings of, or request for rulings with, any
Governmental Body addressed to an Acquiring Company that are, or if
issued would be, binding on an Acquiring Company.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">(e)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">No
Acquiring Company is a party to any Contract with any third party
relating to allocating or sharing the payment of, or liability for,
Taxes or Tax benefits (other than pursuant to customary provisions
included in credit agreements, leases, and agreements entered with
employees, in each case, not primarily related to Taxes and entered
into in the ordinary course of business).&#xA0;&#xA0;No Acquiring
Company has any liability for the Taxes of any third party under
Treasury Regulation Section 1.1502-6 (or any similar provision of
state, local or foreign Legal Requirement) as a transferee or
successor or otherwise by operation of Legal
Requirements.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">(f)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">No
Acquiring Company has been a member of an affiliated group of
corporations within the meaning of Section 1504 of the Code or of
any group that has filed a combined, consolidated or unitary Tax
return under state, local or foreign Tax Legal Requirement (other
than a group the common parent of which was Parent).</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">(g)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">None
of the Acquiring Companies is a &#x201C;controlled foreign
corporation&#x201D; within the meaning of Section 957 of the Code or
a &#x201C;passive foreign investment company&#x201D; within the
meaning of Section 1297 of the Code.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">(h)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">No
Acquiring Company has participated in, or is currently
participating in, a &#x201C;listed transaction&#x201D; within the
meaning of Treasury Regulation Section
1.6011-4(b)(2).&#xA0;&#xA0;Parent has disclosed on its respective
United States federal income Tax Returns all positions taken
therein that could give rise to a substantial understatement of
United States federal income Tax within the meaning of Section 6662
of the Code.</font></div>
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<div style="text-align: right; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">(i)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Each
Acquiring Company is not (and has not been for the five-year period
ending at the Effective Time) a &#x201C;United States real property
holding corporation&#x201D; as defined in Section 897(c)(2) of the
Code and the applicable Treasury Regulations.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">(j)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">No
Acquiring Company has distributed stock of another Person, or has
had its stock distributed by another Person, in a transaction that
was purported or intended to be governed in whole or in part by
Sections 355 or 361 of the Code.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">(k)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">No
Acquiring Company has taken or agreed to take any action that would
prevent the Merger from constituting a reorganization qualifying
under Section 368 of the Code.&#xA0;&#xA0;No Acquiring Company is
aware of any agreement, plan or other circumstance that would
prevent the Merger from qualifying as a reorganization under
Section 368 of the Code.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 0px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
3.08</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; text-decoration: underline; color: #000000">Intellectual
Property</font><font style="color: #000000">. To the knowledge of
Parent, Parent and its Subsidiaries own, or have rights to use, all
patents, patent applications, trademarks, trademark applications,
service marks, trade names, trade dress, trade secrets, know-how,
software, inventions, copyrights, licenses and other intellectual
property rights that are necessary or required for, or used in
connection with, their respective businesses and which the failure
to so have would reasonably be expected to have a Parent Material
Adverse Effect (collectively, the &#x201C;</font><font style="font-weight: bold; font-style: italic; color: #000000">Parent</font><font style="color: #000000">&#xA0;</font><font style="font-weight: bold; font-style: italic; color: #000000">Owned
IP Rights</font><font style="color: #000000">&#x201D;). Neither
Parent nor any of its Subsidiaries has received, during the three
(3) years prior to the date of this Agreement, a written notice of
a claim or otherwise has any knowledge that the Parent Owned IP
Rights violate or infringe upon the rights of any Person, except as
would not have or reasonably be expected to have a Parent Material
Adverse Effect.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 0px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
3.09</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; text-decoration: underline; color: #000000">Compliance
with Legal Requirements</font><font style="color: #000000">.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">(a)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Parent
and its Subsidiaries are not and have not been at any time in
conflict with (i) any Legal Requirement, order, judgment or decree
applicable to Parent or any of its Subsidiaries or by which Parent
or any of its Subsidiaries are bound or affected), or (ii) any
Contract to which Parent or any of its Subsidiaries is a party or
by which Parent or any of its Subsidiaries or its or any of their
respective properties is bound or affected, except for any
immaterial conflicts, defaults or violations.&#xA0;&#xA0;To
Parent&#x2019;s knowledge, no investigation or review by any
Governmental Body is pending or, to the knowledge of Parent,
threatened against Parent or its Subsidiaries.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(b)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">Parent
and its Subsidiaries hold all permits, licenses, registrations,
authorizations, variances, exemptions, orders and approvals from
Governmental Bodies that are necessary to the operation of the
business of Parent and its Subsidiaries taken as a whole
(collectively, the &#x201C;</font><font style="font-weight: bold; font-style: italic; color: #000000">Parent
Permits</font><font style="color: #000000">&#x201D;).&#xA0;&#xA0;Parent and its Subsidiaries
are in compliance in all material respects with the terms of the
Parent Permits.&#xA0;&#xA0;No action, proceeding, revocation
proceeding, amendment procedure, writ, injunction or claim is
pending or, to the knowledge of Parent, threatened, which seeks to
revoke or limit any Parent Permit. Except as set forth in Part
3.09(b) of the Parent Disclosure Schedule, the rights and benefits
of each Parent Permit will be available to the Surviving
Corporation immediately after the Effective Time on terms
substantially identical to those enjoyed by Parent immediately
prior to the Effective Time.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<div style="text-align: right; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(c)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">None
of the Acquiring Companies, and to the knowledge of Parent, no
Representative of any of the Acquiring Companies on their behalf
with respect to any matter relating to any of the Acquiring
Companies, has: (i) used any funds for unlawful contributions,
gifts, entertainment or other unlawful expenses relating to
political activity; (ii) made any unlawful payment to foreign or
domestic government officials or employees or to foreign or
domestic political parties or campaigns or violated any provision
of the Foreign Corrupt Practices Act of 1977, as amended or (iii)
made any other unlawful payment.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 0px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
3.10</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; text-decoration: underline; color: #000000">Legal
Proceedings; Orders</font><font style="color: #000000">.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(a)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Except
as set forth in Part 3.10(a) of the Parent Disclosure Schedule,
there is no pending Legal Proceeding, and no Person has threatened
in writing to commence any Legal Proceeding:&#xA0;(i) that involves
any of the Acquiring Companies, any business of any of the
Acquiring Companies or any of the assets owned, leased or used by
any of the Acquiring Companies or (ii) that challenges, or that may
have the effect of preventing, delaying, making illegal or
otherwise interfering with, the Merger or any of the other Parent
Transactions.&#xA0;&#xA0;Except as set forth in Part 3.10(a)(i) of
the Parent Disclosure Schedule, none of the Legal Proceedings
identified in Part 3.10(a) of the Parent Disclosure Schedule has
had or, if adversely determined, would reasonably be expected to
have or result in a Parent Material Adverse Effect.&#xA0;&#xA0;To
the knowledge of Parent, no event has occurred, and no claim,
dispute or other condition or circumstance exists, that would
reasonably be expected to give rise to or serve as a basis for the
commencement of any Legal Proceeding of the type described in
clause &#x201C;(i)&#x201D; or clause &#x201C;(ii)&#x201D; of the first
sentence of this Section 3.10(a).</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">(b)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">There
is no Order to which any of the Acquiring Companies, or any
material assets owned or used by any of the Acquiring Companies, is
subject.&#xA0;&#xA0;To the knowledge of Parent, no officer or other
key employee of any of the Acquiring Companies is subject to any
Order that prohibits such officer or other key employee from
engaging in or continuing any conduct, activity or practice
relating to the business of any of the Acquiring
Companies.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 0px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
3.11</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; text-decoration: underline; color: #000000">Brokers&#x2019;
and Finders&#x2019; Fees</font><font style="color: #000000">.&#xA0;&#xA0;Except as set forth in Part 3.11 of
the Parent Disclosure Schedule, no broker, finder or investment
banker is entitled to any brokerage, finder&#x2019;s or other fee or
commission in connection with the Merger or any of the other
Transactions based upon arrangements made by or on behalf of any of
the Acquiring Companies.&#xA0;&#xA0;</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 0px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
3.12</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; text-decoration: underline; color: #000000">Employee
Benefit Plans</font><font style="color: #000000">.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(a)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">Part
3.12(a) of the Parent Disclosure Schedule sets forth, as of the
date of this Agreement, a complete and accurate list of each
material Employee Benefit Plan which is currently sponsored,
maintained, contributed to, or required to be contributed to or
with respect to which any potential liability is borne by Parent or
any ERISA Affiliate of Parent (collectively, the
&#x201C;</font><font style="font-weight: bold; font-style: italic; color: #000000">Parent
Employee Plans</font><font style="color: #000000">&#x201D;).&#xA0;&#xA0;Neither Parent nor, to the
knowledge of Parent, any other person or entity, has made any
commitment to modify, change or terminate any Parent Employee Plan,
other than with respect to a modification, change or termination
required by Legal Requirements.&#xA0;&#xA0;With respect to each
material Parent Employee Plan, Parent has made available to Company
accurate and complete copies of the following documents: (i) the
plan document and any related trust agreement, including amendments
thereto; (ii) any current summary plan descriptions and other
material communications to participants relating to the plan; (iii)
each plan trust, insurance, annuity or other funding contract or
service provider agreement related thereto; (iv) the most recent
plan financial statements and actuarial or other valuation reports
prepared with respect thereto, if any; (v) the most recent IRS
determination or opinion letter, if any; (vi) copies of the most
recent plan year nondiscrimination and coverage testing results for
each plan subject to such testing requirements; and (vii) the most
recent annual reports (Form 5500) and all schedules attached
thereto for each Parent Employee Plan that is subject to ERISA and
Code reporting requirements.</font></font></div>
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<div style="text-align: right; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">(b)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Each
Parent Employee Plan is being, and has been, administered in
accordance with its terms and in compliance with the requirements
prescribed by any and all Legal Requirements (including ERISA and
the Code), in all material respects.&#xA0;&#xA0;Parent is not in
material default under or material violation of, and has no
knowledge of any material defaults or material violations by any
other party to, any of Parent Employee Plans.&#xA0;&#xA0;All
contributions required to be made by Parent or any ERISA Affiliate
to any Parent Employee Plan have been timely paid or accrued on the
most recent Parent Financials on file with the SEC, if required
under GAAP.&#xA0;&#xA0;Any Parent Employee Plan intended to be
qualified under Section 401(a) of the Code has either obtained from
the Internal Revenue Service a favorable determination letter or
opinion letter as to its qualified status under the Code, and to
the knowledge of Parent, no event has occurred and no condition
exists with respect to the form or operation of such Parent
Employee Plan that would cause the loss of such
qualification.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">(c)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">No</font>
Parent <font style="color: #000000">Employee Plan provides retiree
medical or other retiree welfare benefits to any person, except as
required by COBRA. No suit, administrative proceeding or action has
been brought, or to the knowledge of</font> Parent<font style="color: #000000">, is threatened against or with respect to any
such</font> Parent <font style="color: #000000">Employee Plan,
including any audit or inquiry by the Internal Revenue Service or
the United States Department of Labor (other than routine claims
for benefits arising under such
plans).&#xA0;<br></font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">(d)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Neither
Parent nor any ERISA Affiliate of Parent has, during the past six
(6) years from the date hereof, maintained, established, sponsored,
participated in or contributed to, or is obligated to contribute
to, or otherwise incurred any obligation or liability (including
any contingent liability) under, any &#x201C;multiemployer
plan&#x201D; (as defined in Section 3(37) of ERISA) or any
&#x201C;pension plan&#x201D; (as defined in Section 3(2) of ERISA)
subject to Title IV of ERISA or Section 412 of the
Code.&#xA0;&#xA0;Neither Parent nor any ERISA Affiliate has, as of
the date of this Agreement, any actual or potential withdrawal
liability (including any contingent liability) for any complete or
partial withdrawal (as defined in Sections 4203 and 4205 of ERISA)
from any multiemployer plan.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">(e)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Except
as set forth in Part 3.12(e) of the Parent Disclosure Schedule,
consummation of the Merger will not (i) entitle any current or
former employee or other service provider of Parent or any ERISA
Affiliate to severance benefits or any other payment (including
unemployment compensation, golden parachute, bonus or benefits
under any Parent Employee Plan); (ii) accelerate the time of
payment or vesting of any such benefits or increase the amount of
compensation due any such employee or service provider; (iii)
result in the forgiveness of any indebtedness; (iv) result in any
obligation to fund future benefits under any Parent Employee Plan;
or (v) result in the imposition of any restrictions with respect to
the amendment or termination of any of Parent Employee Plans. No
benefit payable or that may become payable by Parent pursuant to
any Parent Employee Plan in connection with the Parent
Transactions&#xA0;or as a result of or arising under this Agreement
will constitute an &#x201C;excess parachute payment&#x201D; (as
defined in Section 280G(b)(1) of the Code) subject to the
imposition of an excise Tax under Section 4999 of the Code or the
deduction for which would be disallowed by reason of Section 280G
of the Code.</font></div>
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</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 0px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
3.13</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; text-decoration: underline; color: #000000">Title
to Assets; Real Property</font><font style="color: #000000">.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(a)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">The
Acquiring Companies own, and have good, valid and marketable title
to, or, in the case of leased assets, valid leasehold interests in
or other rights to use, all tangible assets purported to be owned
or leased by them.&#xA0;&#xA0;All of said assets are owned or
leased by the Acquiring Companies free and clear of any
Encumbrances, except for Permitted Encumbrances.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(b)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">The
Acquiring Companies do not own and have never owned any real
property or any interest in real property. Part 3.13(b) of the
Parent Disclosure Schedule sets forth a complete and accurate list
of all real property leases to which Parent is a
party.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 0px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
3.14</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; text-decoration: underline; color: #000000">Environmental
Matters</font><font style="color: #000000">.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(a)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">No
Hazardous Material has been released as a result of the deliberate
actions of Parent or any of its Subsidiaries, or, to Parent&#x2019;s
knowledge, as a result of any actions of any third party or
otherwise, in, on or under any property, including the land and the
improvements, ground water and surface water thereof, that Parent
or any of its Subsidiaries currently owns, operates, occupies or
leases, in such quantities as would cause a Parent Material Adverse
Effect.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(b)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Neither
Parent nor any of its Subsidiaries has engaged in Hazardous
Material Activities in material violation of any Legal Requirement
in effect on or before the date hereof.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(c)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">Parent
and its Subsidiaries currently hold all environmental approvals,
permits, licenses, clearances and consents (the
&#x201C;</font><font style="font-weight: bold; font-style: italic; color: #000000">Parent
Environmental Permits</font><font style="color: #000000">&#x201D;)
necessary for the conduct of Parent&#x2019;s and its
Subsidiaries&#x2019; Hazardous Material Activities and other
businesses of Parent and its Subsidiaries as such activities and
businesses are currently being conducted, except where the failure
to so hold would not have a Parent Material Adverse
Effect.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">(d)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">No
material action, proceeding, revocation proceeding, amendment
procedure, writ, injunction or claim is pending or, to the
knowledge of Parent, threatened, concerning any Parent
Environmental Permit, Hazardous Material or any Hazardous Material
Activity of Parent or any of its
Subsidiaries.&#xA0;<br></font></div>
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</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 0px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
3.15</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; text-decoration: underline; color: #000000">Labor
Matters</font><font style="color: #000000">.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">(a)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">To
the Parent&#x2019;s knowledge, no key employee or group of employees
has threatened to terminate employment with Parent or has plans to
terminate such employment.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">(b)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Except
as disclosed in Part 3.15(b) of the Parent Disclosure Schedule, the
Parent is not a party to or bound by any collective bargaining
agreement, nor has it experienced any strikes, grievances, claims
of unfair labor practices or other collective bargaining
disputes.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(c)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Except
as disclosed in Part 3.15(c) of the Parent Disclosure Schedule,
neither Parent nor any of its Subsidiaries is a party to any
written or oral: (i) agreement with any current or former employee
the benefits of which are contingent upon, or the terms of which
will be materially altered by, the consummation of the Merger or
other Transactions; (ii) agreement with any current or former
employee of Parent providing any term of employment or compensation
guarantee extending for a period longer than one year from the date
hereof or for the payment of compensation in excess of $100,000 per
annum; or (iii) agreement or plan the benefits of which will be
increased, or the vesting of the benefits of which will be
accelerated, upon the consummation of the Merger.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 0px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
3.16</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; text-decoration: underline; color: #000000">Parent
Contracts</font><font style="color: #000000">.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">(a)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Except
for Excluded Contracts or as set forth in the most recent exhibit
list on Parent&#x2019;s Form 10-K for the year ended December 31,
2018 or subsequently filed with the SEC pursuant to any current or
periodic report and available on the SEC Website or 3.16 of the
Parent Disclosure Schedule, neither Parent nor any of its
Subsidiaries is a party to or is bound by:</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 144px; display: table">
<div style="display: table-row">
<div style="text-align: left; display: table-cell; width: 48px">
<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">(i)</font></div>
<div style="text-align: justify; display: table-cell"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">any
management, employment, severance, retention, transaction bonus,
change in control, material consulting, relocation, repatriation or
expatriation agreement or other similar Contract between:&#xA0;(i)
any of the Acquiring Companies and (ii) any active, retired or
former employees, directors or material consultants of any
Acquiring Company, other than any such Contract that is (x)
terminable &#x201C;at will&#x201D; (or following a notice period
imposed by applicable Legal Requirements or, in the case of
consulting agreements, following the notice period required in the
Contract), or (y) without any obligation on the part of any
Acquiring Company, other than severance payments required to be
made by any Acquiring Company under applicable Legal
Requirements;</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 144px; display: table">
<div style="display: table-row">
<div style="text-align: left; display: table-cell; width: 48px">
<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">(ii)</font></div>
<div style="text-align: justify; display: table-cell"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">any
Contracts identified or required to be identified in Part 3.13(b)
of the Parent Disclosure Schedule;</font></div>
</div>
</div>
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<div style="text-align: right; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="margin-left: 144px; display: table">
<div style="display: table-row">
<div style="text-align: left; display: table-cell; width: 48px">
<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">(iii)</font></div>
<div style="text-align: justify; display: table-cell"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">any
Contract with any distributor, reseller or sales representative
with an annual value in excess of $25,000;</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 144px; display: table">
<div style="display: table-row">
<div style="text-align: left; display: table-cell; width: 48px">
<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">(iv)</font></div>
<div style="text-align: justify; display: table-cell"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">any
Contract with any manufacturer, vendor, or other Person for the
supply of materials or performance of services by such third party
to Parent in relation to the manufacture of the Parent&#x2019;s
products or product candidates with an annual value in excess of
$25,000;</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 144px; display: table">
<div style="display: table-row">
<div style="text-align: left; display: table-cell; width: 48px">
<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">(v)</font></div>
<div style="text-align: justify; display: table-cell"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">any
agreement or plan, including, without limitation, any stock option
plan, stock appreciation right plan or stock purchase plan, any of
the benefits of which will be increased, or the vesting of benefits
of which will be accelerated, by the occurrence of any of the
Parent Transactions or the value of any of the benefits of which
will be calculated on the basis of any of the Parent
Transactions;</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 144px; display: table">
<div style="display: table-row">
<div style="text-align: left; display: table-cell; width: 48px">
<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">(vi)</font></div>
<div style="text-align: justify; display: table-cell"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">any
Contract incorporating or relating to any guaranty, any warranty,
any sharing of liabilities or any indemnity not entered into in the
ordinary course of business, including any indemnification
agreements between Parent or any of its Subsidiaries and any of its
officers or directors;</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 144px; display: table">
<div style="display: table-row">
<div style="text-align: left; display: table-cell; width: 48px">
<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">(vii)</font></div>
<div style="text-align: justify; display: table-cell"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">any
Contract imposing, by its express terms, any material restriction
on the right or ability of any Acquiring Company:&#xA0;(A) to
compete with any other Person; (B) to acquire any product or other
asset or any services from any other Person; or (C) to develop,
sell, supply, distribute, offer, support or service any product or
any technology or other asset to or for any other
Person;</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 144px; display: table">
<div style="display: table-row">
<div style="text-align: left; display: table-cell; width: 48px">
<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">(viii)</font></div>
<div style="text-align: justify; display: table-cell"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">any
Contract currently in force relating to the disposition or
acquisition of assets not in the ordinary course of business or any
ownership interest in any corporation, partnership, joint venture
or other business enterprise;</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 144px; display: table">
<div style="display: table-row">
<div style="text-align: left; display: table-cell; width: 48px">
<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">(ix)</font></div>
<div style="text-align: justify; display: table-cell"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">any
mortgages, indentures, loans or credit agreements, security
agreements or other agreements or instruments relating to the
borrowing of money or extension of credit;</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 144px; display: table">
<div style="display: table-row">
<div style="text-align: left; display: table-cell; width: 48px">
<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">(x)</font></div>
<div style="text-align: justify; display: table-cell"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">any
joint marketing or development agreement;</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 144px; display: table">
<div style="display: table-row">
<div style="text-align: left; display: table-cell; width: 48px">
<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">(xi)</font></div>
<div style="text-align: justify; display: table-cell"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">any
commercial Contract that would reasonably be expected to have a
material effect on the ability of Parent to perform any of its
material obligations under this Agreement, or to consummate any of
the transactions contemplated by this Agreement, that is not set
forth on Part 3.03 of the Parent Disclosure Schedule;</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 144px; display: table">
<div style="display: table-row">
<div style="text-align: left; display: table-cell; width: 48px">
<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">(xii)</font></div>
<div style="text-align: justify; display: table-cell"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">any
Contract that provides for:&#xA0;(A) any right of first refusal,
right of first negotiation, right of first notification or similar
right with respect to any securities or assets of any Acquiring
Company; or (B) any &#x201C;no shop&#x201D; provision or similar
exclusivity provision with respect to any securities or assets of
any Acquiring Company;</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">36</font></div>
</div>
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<div id="hdr">
<div style="text-align: right; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="margin-left: 144px; display: table">
<div style="display: table-row">
<div style="text-align: left; display: table-cell; width: 48px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">(xiii)</font></div>
<div style="text-align: justify; display: table-cell"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">any
Contract that contemplates or involves the payment or delivery of
cash or other consideration in an amount or having a value in
excess of $25,000 in the aggregate, or contemplates or involves the
performance of services having a value in excess of $25,000 in the
aggregate, in each case following the date of this Agreement, other
than any arrangement or agreement expressly contemplated or
provided for under this Agreement; or</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 144px; display: table">
<div style="display: table-row">
<div style="text-align: left; display: table-cell; width: 48px">
<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">(xiv)</font></div>
<div style="text-align: justify; display: table-cell"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">any
Contract that does not allow Parent or Subsidiary to terminate the
Contract for convenience with no more than sixty (60) days prior
notice to the other party and without the payment of any rebate,
chargeback, penalty or other amount to such third party in
connection with any such termination in an amount or having a value
in excess of $25,000 in the aggregate.</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(b)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">Parent
has made available to Company an accurate and complete copy of each
Contract listed or required to be listed in Part 3.16 of the Parent
Disclosure Schedule (any such Contract, including any Contract that
would be listed in Part 3.16 but for its inclusion in the most
recent exhibit list of Parent&#x2019;s Form 10-K for the year ended
December 31, 2018 or as an exhibit to any current or periodic
report subsequently filed with the SEC, but excluding Excluded
Contracts, a &#x201C;</font><font style="font-weight: bold; font-style: italic; color: #000000">Parent
Contract</font><font style="color: #000000">&#x201D;).&#xA0;&#xA0;Neither Parent nor any of its
Subsidiaries, nor to Parent&#x2019;s knowledge any other party to a
Parent Contract, has, since the Parent Lookback Date, breached or
violated in any material respect or materially defaulted under, or
received written notice that it has breached, violated or defaulted
under, any of the terms or conditions of any of the Parent
Contracts.&#xA0;&#xA0;To the knowledge of Parent, no event has
occurred, and, no circumstance or condition exists, that (with or
without notice or lapse of time) would reasonably be expected
to:&#xA0;(i) result in a violation or breach in any material
respect of any of the provisions of any Parent Contract or (ii)
give any Person the right to declare a default in any material
respect under any Parent Contract, except for any immaterial
violations, breaches or defaults.&#xA0;&#xA0;To Parent&#x2019;s
knowledge, each Parent Contract is valid, binding, enforceable and
in full force and effect, except as enforceability may be limited
by bankruptcy and other similar laws and general principles of
equity.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 0px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
3.17</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; text-decoration: underline; color: #000000">Insurance</font><font style="color: #000000">.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">(a)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">Part
3.17(a) of the Parent Disclosure Schedule sets forth each material
insurance policy (the &#x201C;</font><font style="font-weight: bold; font-style: italic; color: #000000">Parent
Insurance Policies</font><font style="color: #000000">&#x201D;) to
which Parent or its Subsidiaries is a party.&#xA0;&#xA0;Parent or
its Subsidiaries maintain all Parent Insurance Policies in such
amounts, with such deductibles and against such risks and losses
that are reasonably adequate for the operation of Parent&#x2019;s
and its Subsidiaries&#x2019; businesses in all material
respects.&#xA0;&#xA0;To Parent&#x2019;s knowledge, such Parent
Insurance Policies are in full force and effect, maintained with
reputable companies against loss relating to the business,
operations and properties and such other risks as companies engaged
in similar business as the Acquiring Companies would, in accordance
with good business practice, customarily insure.&#xA0;&#xA0;Since
the Parent Lookback Date, all premiums due and payable under such
Parent Insurance Policies have been paid on a timely basis and each
Acquiring Company is in compliance in all material respects with
all other terms thereof.&#xA0;&#xA0;True, complete and correct
copies, of such Parent Insurance Policies, or summaries of all
terms material thereof, have been made available to the
Company.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">37</font></div>
</div>
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<div id="hdr">
<div style="text-align: right; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">(b)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">There
are no material claims pending under any Parent Insurance Policies
as to which coverage has been questioned, denied or disputed. Since
the Parent Lookback Date, all material claims thereunder have been
filed in a due and timely fashion and no Acquiring Company has been
refused insurance for which it has applied or had any policy of
insurance terminated (other than at its request), nor has any
Acquiring Company received notice from any insurance carrier
that:&#xA0;(i) such insurance will be canceled or that coverage
thereunder will be reduced or eliminated; or (ii) premium costs
with respect to such insurance will be increased, other than
premium increases in the ordinary course of business applicable on
their terms to all holders of similar
policies.&#xA0;<br></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 0px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
3.18</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; text-decoration: underline; color: #000000">Interested
Party Transactions</font><font style="color: #000000">.&#xA0;&#xA0;Except as set forth in the SEC
Documents, no event has occurred during the Parent Lookback Period
that would be required to be reported by Parent as a Certain
Relationship or Related Transaction pursuant to Item 404 of
Regulation S-K.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 0px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
3.19</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; text-decoration: underline; color: #000000">Opinion
of Financial Advisor</font><font style="color: #000000">.&#xA0;&#xA0;The board of directors of Parent has
received an opinion of Gemini Valuation Services, LLC, financial
advisor to Parent, dated the date of this Agreement, to the effect
that the Exchange Ratio is fair to Parent from a financial point of
view.&#xA0;&#xA0;Parent will furnish an accurate and complete copy
of said opinion to Company for informational purposes only promptly
after the date hereof.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 0px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
3.20</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; text-decoration: underline; color: #000000">Shell
Company Status</font><font style="color: #000000">.&#xA0;&#xA0;Parent is not currently, and has
never been, an issuer identified in Rule 144(i)(1)(i) of the
Securities Act.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 0px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">Section
3.21</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; text-decoration: underline; color: #000000">Valid
Issuance</font><font style="color: #000000">.&#xA0;&#xA0;The Parent
Common Stock to be issued in the Merger will, when issued in
accordance with the provisions of this Agreement be validly issued,
fully paid and nonassessable.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 0px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">Section
3.22</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; text-decoration: underline; color: #000000">Disclosure;
Parent Information</font><font style="color: #000000">. The
information relating to Parent or its Subsidiaries to be supplied
by or on behalf of Parent for inclusion or incorporation by
reference in the S-4 Registration Statement and the Proxy
Statement/Prospectus will not, on the date of filing thereof or the
date it is first mailed to Parent stockholders, as applicable, or
at the time of the Parent Stockholders&#x2019; Meeting, contain any
untrue statement of any 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 false or misleading at the time and in
light of the circumstances under which such statement is
made.&#xA0;&#xA0;The S-4 Registration Statement and the Proxy
Statement/Prospectus will comply in all material respects as to
form with the requirements of the Exchange Act and the rules and
regulations thereunder.&#xA0;&#xA0;Notwithstanding the foregoing,
no representation is made by Parent or Merger Sub with respect to
the information that has been or will be supplied by the Company or
any of it Representatives for inclusion in the S-4 Registration
Statement and the Proxy Statement/Prospectus.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">38</font></div>
</div>
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<div id="hdr">
<div style="text-align: right; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
ARTICLE IV.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10"><br></font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold"><font style="font-family: Times New Roman; font-size: 13px">CONDUCT OF BUSINESS
PENDING THE MERGER</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 0px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
4.01</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; text-decoration: underline; color: #000000">Conduct
of Company Business</font><font style="color: #000000">.&#xA0;&#xA0;During the period from the date of
this Agreement and continuing until the earlier of the termination
of this Agreement pursuant to its terms or the Effective Time (the
&#x201C;</font><font style="font-weight: bold; font-style: italic; color: #000000">Pre-Closing
Period</font><font style="color: #000000">&#x201D;), Company agrees,
except to the extent that Parent consents in writing (such consent
not to be unreasonably withheld, conditioned or delayed), as set
forth on Part 4.01 of the Company Disclosure Schedule, as expressly
permitted by this Agreement or by applicable Legal Requirements, to
carry on its business in accordance with good commercial practice
and to carry on its business in the usual, regular and ordinary
course, consistent with past practice, to pay its debts and Taxes
when due subject to good faith disputes over such debts or Taxes,
to pay or perform other obligations when due, and use its
commercially reasonable efforts consistent with past practices and
policies to preserve intact its present business organization, keep
available the services of its present officers and employees and
preserve its relationships with customers, suppliers, distributors,
licensors, licensees, and others with which it has business
dealings.&#xA0;&#xA0;In addition, without limiting the foregoing,
other than as expressly contemplated by this Agreement or in
connection with the Company Pre-Closing Financing, without
obtaining the written consent of Parent, which shall not be
unreasonably withheld (and in which event, if Parent has not
objected in writing to any request for consent within three (3)
calendar days of its receipt thereof, such consent shall be deemed
irrevocably granted), Company will not, and will not permit its
Subsidiaries to, do any of the following:</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(a)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">except
as contemplated by Section 5.24, amend or otherwise change its
certificate of incorporation or bylaws, or otherwise alter its
corporate structure through merger, liquidation, reorganization or
otherwise, or form any subsidiary;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">(b)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">issue,
sell, pledge, dispose of or encumber, or authorize the issuance,
sale, pledge, disposition or encumbrance of, any shares of capital
stock of any class, or any options, warrants, convertible
securities or other rights of any kind to acquire any shares of
capital stock, or any other ownership interest (including, without
limitation, any phantom interest), other than the issuance of
shares of common stock issuable pursuant to employee stock options
under currently existing employee stock option plans or pursuant to
currently outstanding warrants, as the case may be, which options,
warrants or rights, as the case may be, are outstanding on the date
hereof) to the extent such issuances comply with all applicable
Legal Requirements;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">(c)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">redeem,
repurchase or otherwise acquire, directly or indirectly, any shares
of Company Capital Stock;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">(d)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">incur
any Indebtedness or sell, pledge, dispose of or create an
Encumbrance over any assets (except for (i) sales of assets in the
ordinary course of business and in a manner consistent with past
practice, and (ii) dispositions of obsolete or worthless
assets);</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">39</font></div>
</div>
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<div id="hdr">
<div style="text-align: right; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">(e)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">accelerate,
amend or change the period (or permit any acceleration, amendment
or change) of exercisability of options or warrants or authorize
cash payments in exchange for any options, except as may be
required under any Company Stock Option Plan, Contract or this
Agreement or as may be required by applicable Legal
Requirements;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">(f)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(i)
declare, set aside, make or pay any dividend or other distribution
(whether in cash, stock or property or any combination thereof) in
respect of any of its capital stock; (ii) split, combine or
reclassify any of its capital stock or issue or authorize or
propose the issuance of any other securities in respect of, in lieu
of or in substitution for shares of its capital stock or (iii)
amend the terms of, repurchase, redeem or otherwise acquire, or
permit any Subsidiary to repurchase, redeem or otherwise acquire,
any of its securities or any securities of its Subsidiaries (except
pursuant to any Contract to which an Acquired Company is a party as
of the date of this Agreement), or propose to do any of the
foregoing;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">(g)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">sell,
assign, transfer, license, sublicense or otherwise dispose of any
Company IP Rights (other than non-exclusive licenses in the
ordinary course of business consistent with past
practice);</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(h)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(i)
acquire (by merger, consolidation, or acquisition of stock or
assets) any corporation, partnership or other business organization
or division thereof or any other material property or assets, or
allow any material property or assets to become subject to any
Encumbrance; (ii) enter into or amend any material terms of any
Company Contract (other than solely to decrease any payment
obligation of the Acquired Company) or grant any release or
relinquishment of any material rights under any Company Contract,
with new obligations or losses of rights in excess of $50,000 in
the aggregate; (iii) authorize any capital expenditures or purchase
of fixed assets which are, in the aggregate, in excess of $50,000,
taken as a whole; or (iv) enter into or amend any contract,
agreement, commitment or arrangement to effect any of the matters
prohibited by this Section 4.02(h);</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">(i)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">forgive
any loans to any Person, including its employees, officers,
directors or Affiliates;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(j)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(i)
increase the wages, salary, commissions, fringe benefits or other
compensation or remuneration payable or to become payable to its
directors, officers, employees or consultants;&#xA0;(ii) grant any
severance or termination pay to, or enter into or amend any
employment or severance agreement with, any
director,&#xA0;&#xA0;officer, employee or consultant; (iii)
establish, adopt, enter into, or amend any Employee Benefit Plan,
except, in each of the subsections (i) &#x2013; (iii) for bonus
awards in the ordinary course of business consistent with past
practice or bonus awards contingent upon the completion of the
Transactions or payments, including any severance, termination or
change of control payments, in compliance with any such agreements
or plans existing as of the date of this Agreement and the plans,
agreements or terms of which were made available to Parent prior to
the date hereof, or except as required by Legal
Requirements;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">40</font></div>
</div>
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<div style="text-align: right; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">(k)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">hire
any directors, officers, employees or consultants or terminate any
directors or officers, except in each case, in the ordinary course
of business and in a manner consistent with past
practice;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">(l)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">take
any action, other than as required by applicable Legal Requirements
or GAAP, to change accounting policies or procedures;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">(m)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">make
or change any material Tax election inconsistent with past
practices, adopt or change any Tax accounting method, or settle or
compromise any material federal, state, local or foreign Tax
liability or agree to an extension of a statute of limitations for
any assessment of any Tax;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">(n)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">pay,
discharge, satisfy, modify or renegotiate any claims or
Liabilities, other than the payment, discharge or satisfaction of
liabilities reflected or reserved against in the financial
statements of Company, or payments, discharges or satisfactions
made in the ordinary course of business and consistent with past
practice;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">(o)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">enter
into any material partnership arrangements, joint development
agreements or strategic alliances;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">(p)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">accelerate
the collection of, or otherwise modify Company&#x2019;s customary
accounting or treatment of, any receivables outside the ordinary
course of business consistent with past practice,</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(q)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">initiate
any litigation, action, suit, proceeding, claim or arbitration or
settle or agree to settle any litigation, action, suit, proceeding,
claim or arbitration, in each case where Company is claiming, or
would be reasonably likely to receive or become obligated for a
liability, of more than $50,000 individually;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(r)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">dispose
of any assets or otherwise take any actions other than in the
ordinary course of business consistent with past practice;
or</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">(s)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">take,
or agree in writing or otherwise to take, any of the actions
described in Sections 4.01(a) through 4.01(r) above.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 0px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
4.02</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; text-decoration: underline; color: #000000">Conduct
of Parent Business</font><font style="color: #000000">.&#xA0;&#xA0;During the Pre-Closing Period, Parent
agrees, except to the extent that Company consents in writing (such
consent not to be unreasonably withheld, conditioned or delayed),
as set forth on Part 4.02 of the Company Disclosure Schedule, as
expressly permitted by this Agreement, in connection with a Parent
Legacy Business Disposition or by applicable Legal Requirements, to
carry on its business in accordance with good commercial practice
and to carry on its business in the usual, regular and ordinary
course, in substantially the same manner as heretofore conducted,
to pay its debts and Taxes when due subject to good faith disputes
over such debts or Taxes, to pay or perform other material
obligations when due, and use its commercially reasonable efforts
consistent with past practices and policies to preserve intact its
present business organization, preserve its relationships with key
customers, suppliers, distributors, licensors, licensees and others
with which it has business dealings.&#xA0;&#xA0;In addition,
without limiting the foregoing, other than as set forth on Part
4.02 of the Company Disclosure Schedule or as expressly
contemplated by this Agreement, without obtaining the written
consent of Company, which shall not be unreasonably withheld,
conditioned or delayed (and in which event, if Company has not
objected in writing to any request for consent within three (3)
calendar days of its receipt thereof, such consent shall be deemed
irrevocably granted), Parent will not, and will not permit its
Subsidiaries to, do any of the following:</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<div id="ftr">
<div style="text-align: left; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">41</font></div>
</div>
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<div id="hdr">
<div style="text-align: right; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(a)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">except
as expressly contemplated by Section 1.04(c), amend or otherwise
change its certificate of incorporation or bylaws, or otherwise
alter its corporate structure through merger, liquidation,
reorganization or otherwise, or form any subsidiary;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">(b)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">issue,
sell, pledge, dispose of or encumber, or authorize the issuance,
sale, pledge, disposition or encumbrance of, any shares of capital
stock of any class, or any options, warrants, convertible
securities or other rights of any kind to acquire any shares of
capital stock, or any other ownership interest (including, without
limitation, any phantom interest), other than (i) the issuance of
shares of common stock issuable pursuant to employee stock options
under currently existing employee stock option plans or pursuant to
currently outstanding warrants, as the case may be, which options,
warrants or rights, as the case may be, are outstanding on the date
hereof) or (ii) the issuance of shares of common stock issuable
pursuant to equity grants to members of the Parent board of
directors in an amount not to exceed 600,000 shares of Parent
Common Stock in the aggregate, in each case, to the extent such
issuances comply with all applicable Legal
Requirements;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">(c)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">redeem,
repurchase or otherwise acquire, directly or indirectly, any shares
of Parent Capital Stock;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">(d)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">incur
any Indebtedness or sell, pledge, dispose of or create an
Encumbrance over any assets (except for (i) sales of assets in the
ordinary course of business and in a manner consistent with past
practice, and (ii) dispositions of obsolete or worthless
assets);</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">(e)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">accelerate,
amend or change the period (or permit any acceleration, amendment
or change) of exercisability of options or warrants or authorize
cash payments in exchange for any options, except as may be
required under the Parent Stock Option Plan, any Contract or this
Agreement or as may be required by applicable Legal
Requirements;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">(f)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">other
than in connection with the Reverse Stock Split and Section 1.13,
(i) declare, set aside, make or pay any dividend or other
distribution (whether in cash, stock or property or any combination
thereof) in respect of any of its capital stock; (ii) split,
combine or reclassify any of its capital stock or issue or
authorize or propose the issuance of any other securities in
respect of, in lieu of or in substitution for shares of its capital
stock or (iii) amend the terms of, repurchase, redeem or otherwise
acquire, or permit any Subsidiary to repurchase, redeem or
otherwise acquire, any of its securities or any securities of its
Subsidiaries (except pursuant to any Contract to which an Acquiring
Company is a party as of the date of this Agreement), or propose to
do any of the foregoing;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">42</font></div>
</div>
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<div id="hdr">
<div style="text-align: right; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">(g)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">sell,
assign, transfer, license, sublicense or otherwise dispose of any
Parent IP Rights (other than non-exclusive licenses in the ordinary
course of business consistent with past practice);</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(h)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(i)
acquire (by merger, consolidation, or acquisition of stock or
assets) any corporation, partnership or other business organization
or division thereof or any other material property or assets, or
allow any material property or assets to become subject to any
Encumbrance; (ii) enter into or amend any material terms of any
Parent Contract (other than solely to decrease any payment
obligation of the Acquiring Company) or grant any release or
relinquishment of any material rights under any Parent Contract,
with new obligations or losses of rights in excess of $50,000 in
the aggregate; (iii) authorize any capital expenditures or purchase
of fixed assets which are, in the aggregate, in excess of $50,000,
taken as a whole; or (iv) enter into or amend any contract,
agreement, commitment or arrangement to effect any of the matters
prohibited by this Section 4.02(h);</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">(i)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">forgive
any loans to any Person, including its employees, officers,
directors or Affiliates;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(j)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(i)
increase the wages, salary, commissions, fringe benefits or other
compensation or remuneration payable or to become payable to its
directors, officers, employees or consultants;&#xA0;(ii) grant any
severance or termination pay to, or enter into or amend any
employment or severance agreement with, any
director,&#xA0;&#xA0;officer, employee or consultant; (iii)
establish, adopt, enter into, or amend any Employee Benefit Plan,
except, in each of the subsections (i) &#x2013; (iii) for bonus
awards in the ordinary course of business consistent with past
practice or bonus awards contingent upon the completion of the
Transactions or payments, including any severance, termination or
change of control payments, in compliance with any such agreements
or plans existing as of the date of this Agreement and the plans,
agreements or terms of which were made available to the Company
prior to the date hereof, or except as required by Legal
Requirements;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">(k)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">hire
any directors, officers, employees or consultants or terminate any
directors or officers, except in each case, in the ordinary course
of business and in a manner consistent with past
practice;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">(l)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">take
any action, other than as required by applicable Legal Requirements
or GAAP, to change accounting policies or procedures;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">(m)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">make
or change any material Tax election inconsistent with past
practices, adopt or change any Tax accounting method, or settle or
compromise any material federal, state, local or foreign Tax
liability or agree to an extension of a statute of limitations for
any assessment of any Tax;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">(n)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">pay,
discharge, satisfy, modify or renegotiate any claims or
Liabilities, other than the payment, discharge or satisfaction of
liabilities reflected or reserved against in the financial
statements of Parent, or payments, discharges or satisfactions made
in the ordinary course of business and consistent with past
practice;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<div style="text-align: right; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">(o)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">enter
into any material partnership arrangements, joint development
agreements or strategic alliances;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">(p)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">accelerate
the collection of, or otherwise modify Parent&#x2019;s customary
accounting or treatment of, any receivables outside the ordinary
course of business consistent with past practice,</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(q)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">initiate
any litigation, action, suit, proceeding, claim or arbitration or
settle or agree to settle any litigation, action, suit, proceeding,
claim or arbitration, in each case where Parent is claiming, or
would be reasonably likely to receive or become obligated for a
liability, of more than $50,000 individually;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(r)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">dispose
of any assets or otherwise take any actions other than in the
ordinary course of business consistent with past
practice;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">(s)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">take
any action that would cause the representation in Section 3.21 to
become inaccurate; or</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">(t)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">take,
or agree in writing or otherwise to take, any of the actions
described in Sections 4.02(a) through 4.02(s) above.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
ARTICLE V.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold"><font style="font-family: Times New Roman; font-size: 13px">ADDITIONAL
AGREEMENTS</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 0px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
5.01</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; text-decoration: underline; color: #000000">Proxy
Statement/Prospectus</font><font style="color: #000000">.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">(a)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">As
promptly as reasonably practicable following the date of this
Agreement, Parent shall prepare and file with the SEC a proxy
statement to be sent to the stockholders of each of Parent and the
Company relating to the meeting of stockholders, and a Registration
Statement on Form S-4 (including a prospectus) (including all
amendments thereto, &#x201C;</font><font style="font-weight: bold; font-style: italic; color: #000000">S-4
Registration Statement</font><font style="color: #000000">&#x201D;)
in connection with the issuance of shares of Parent Common Stock in
the Merger, of which such proxy statement will form a part (such
proxy statement and prospectus constituting a part thereof, the
&#x201C;</font><font style="font-weight: bold; font-style: italic; color: #000000">Proxy
Statement/Prospectus</font><font style="color: #000000">&#x201D;),
and each of the Company and Parent shall, or shall cause their
respective Affiliates to, prepare and file with the SEC all other
documents to be filed by Parent with the SEC in connection with the
Merger and other transactions contemplated hereby (the
&#x201C;</font><font style="font-weight: bold; font-style: italic; color: #000000">Other
Filings</font><font style="color: #000000">&#x201D;) as required by
the Securities Act or the Exchange Act. Parent and the Company
shall cooperate with each other in connection with the preparation
of the S-4 Registration Statement, the Proxy Statement/Prospectus
and any Other Filings. Each Party shall as promptly as reasonably
practicable notify the other Party of the receipt of any oral or
written comments from the staff of the SEC on the S-4 Registration
Statement or any Other Filing. Parent and the Company shall also
use their commercially reasonable efforts to satisfy prior to the
effective date of the S-4 Registration Statement all necessary
state securities Law or &#x201C;blue sky&#x201D; notice requirements
in connection with the Merger and to consummate the other
transactions contemplated hereby.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<div style="text-align: right; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">(b)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Parent
covenants and agrees that the&#xA0;S-4 Registration Statement and
Proxy Statement/Prospectus, including any pro forma financial
statements included therein (and the letter to stockholders, notice
of meeting and form of proxy included therewith), will not, at the
time that the S-4 Registration Statement and Proxy
Statement/Prospectus or any amendment or supplement thereto is
filed with the SEC or the Proxy Statement/Prospectus is first
mailed to the stockholders of Parent, at the time of the Parent
Stockholders&#x2019; Meeting and at the Effective Time, 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 made therein, in light of the circumstances under
which they were made, not misleading. Company represents, covenants
and agrees that the information provided by Company or its
Subsidiaries to Parent for inclusion in the S-4 Registration
Statement and Proxy Statement/Prospectus (including the Company
Financials) will not 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 such information not
misleading. Notwithstanding the foregoing, Parent makes no
covenant, representation or warranty with respect to statements
made in the S-4 Registration Statement or Proxy
Statement/Prospectus (and the letter to stockholders, notice of
meeting and form of proxy included therewith), if any, based on
information furnished in writing by Company specifically for
inclusion therein. Each of the Parties shall use commercially
reasonable efforts to cause the S-4 Registration Statement and
Proxy Statement/Prospectus to comply with the applicable rules and
regulations promulgated by the SEC and to respond promptly to any
comments of the SEC or its staff. Each of the Parties shall use
commercially reasonable efforts to cause the S-4 Registration
Statement to be declared effective as soon as possible and the
Proxy Statement/Prospectus to be mailed to Parent&#x2019;s
stockholders as promptly as practicable after the SEC declares the
S-4 Registration Statement to be effective. Each Party shall
promptly furnish to the other Party all information concerning such
Party and such Party&#x2019;s Subsidiaries and such Party&#x2019;s
stockholders that may be required or reasonably requested in
connection with any action contemplated by this Section 5.01. If
any event relating to Parent or Company occurs, or if Parent or
Company becomes aware of any information, that should be disclosed
in an amendment or supplement to the S-4 Registration Statement
and/or Proxy Statement/Prospectus, then Parent or Company, as
applicable, shall promptly inform the other party thereof and shall
cooperate with one another in filing such amendment or supplement
with the SEC and, if appropriate, in mailing such amendment or
supplement to Parent&#x2019;s stockholders. No filing of, or
amendment or supplement to, the S-4 Registration Statement and/or
Proxy Statement/Prospectus will be made by Parent without the prior
written consent of Company, which shall not be unreasonably
withheld, conditioned or delayed.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(c)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">Company
shall reasonably cooperate with Parent and provide, and require its
Representatives, advisors, accountants and attorneys to provide,
Parent and its Representatives, advisors, accountants and
attorneys, with all true, correct and complete information
regarding Company that is required by law to be included in the S-4
Registration Statement and/or the Proxy Statement/Prospectus or
reasonably requested from Company to be included in the S-4
Registration Statement and/or the Proxy Statement/Prospectus. The
information provided by the Company to be included in the S-4
Registration Statement and/or the Proxy Statement/Prospectus shall
not 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 made therein, in light of the
circumstances under which they were made, not
misleading.</font><font style="color: #000000">&#xA0;</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<div style="text-align: right; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 0px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
5.02</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; text-decoration: underline; color: #000000">Company
Stockholder Written Consent</font><font style="color: #000000">.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(a)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">As
promptly as practicable, and in any event within five business
days, following the date that the S-4 Registration Statement is
declared effective (the &#x201C;</font><font style="font-weight: bold; font-style: italic; color: #000000">Company
Vote Deadline</font><font style="color: #000000">&#x201D;), the
Company shall obtain the approval by written consent from Company
stockholders sufficient for the Required Company Stockholder Vote
in lieu of a meeting pursuant to Section 228 of the DGCL
(&#x201C;</font><font style="font-weight: bold; font-style: italic; color: #000000">Company
Stockholder Written Consent</font><font style="color: #000000">&#x201D;) for purposes of (i) adopting this
Agreement and approving the Merger, and all other Transactions (ii)
acknowledging that the approval given thereby is irrevocable and
that such Company Stockholder is aware of its rights to demand
appraisal for its shares pursuant to Section 262 of the DGCL, a
copy of which was attached thereto, and that such Company
Stockholder has received and read a copy of Section 262 of the DGCL
and (iii) acknowledging that by its approval of the Merger it is
not entitled to appraisal rights with respect to its shares in
connection with the Merger and thereby waives any rights to receive
payment of the fair value of its Company Capital Stock under the
DGCL (collectively, the &#x201C;</font><font style="font-weight: bold; font-style: italic; color: #000000">Company
Stockholder Matters</font><font style="color: #000000">&#x201D;).
Under no circumstances shall the Company assert that any other
approval or consent is necessary by its stockholders to approve
this Agreement and the Transactions.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(b)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">Company
agrees that (i) Company&#x2019;s board of directors shall recommend
that the holders of Company Capital Stock vote (or take action by
written consent) to approve the Company Stockholder Matters and
shall use commercially reasonable efforts to solicit such approval
within the timeframe set forth in Section 5.02(a) above (the
recommendation of Company&#x2019;s board of directors that Company
Stockholders vote to approve the Company Stockholder Matters being
referred to as the &#x201C;</font><font style="font-weight: bold; font-style: italic; color: #000000">Company
Board Recommendation</font><font style="color: #000000">&#x201D;);
and (ii) the Company Board Recommendation shall not be withdrawn or
modified in a manner adverse to Parent, and no resolution by the
board of directors of Company or any committee thereof to withdraw
or modify the Company Board Recommendation in a manner adverse to
Parent shall be adopted or proposed.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(c)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Reserved.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(d)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Reserved.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(e)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">Promptly
following receipt of the Required Company Stockholder Vote, the
Company shall prepare and mail a notice (the
&#x201C;</font><font style="font-weight: bold; font-style: italic; color: #000000">Stockholder
Notice</font><font style="color: #000000">&#x201D;) to every
stockholder of the Company that did not execute the Company
Stockholder Written Consent. The Stockholder Notice shall
(i)&#xA0;be a statement to the effect that the Company Board
determined that the Merger is advisable in accordance with
Section&#xA0;251(b) of the DGCL and in the best interests of the
stockholders of the Company and approved and adopted this
Agreement, the Merger and the other Transactions, (ii)&#xA0;provide
the stockholders of the Company to whom it is sent with notice of
the actions taken in the Company Stockholder Written Consent,
including the adoption and approval of this Agreement, the Merger
and the other Transactions in accordance with Section&#xA0;228(e)
of the DGCL and the certificate of incorporation and bylaws of the
Company and (iii)&#xA0;include a description of the appraisal
rights of the Company&#x2019;s stockholders available under the
DGCL, along with such other information as is required thereunder
and pursuant to applicable Law and a copy of Section 262 of the
DGCL. All materials (including any amendments thereto) submitted to
the stockholders of the Company in accordance with this
Section&#xA0;5.02(e) shall be subject to Parent&#x2019;s advance
review and reasonable approval.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<div style="text-align: right; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 0px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
5.03</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; text-decoration: underline; color: #000000">Parent
Stockholders&#x2019; Meeting</font><font style="color: #000000">.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(a)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">Parent
shall (i)&#xA0;&#xA0;take all action necessary under applicable
Legal Requirements to call, give notice of and hold a meeting of
the holders of Parent Common Stock (such meeting, the
&#x201C;</font><font style="font-weight: bold; font-style: italic; color: #000000">Parent
Stockholders&#x2019; Meeting</font><font style="color: #000000">&#x201D;) to vote on the Merger, the issuance
of&#xA0;&#xA0;Parent Common Stock in the Merger, the Parent Legacy
Business Disposition and the Parent Charter Amendment, including
for purposes of effectuating the Reverse Split (collectively, the
&#x201C;</font><font style="font-weight: bold; font-style: italic; color: #000000">Parent
Stockholder Approval Matters</font><font style="color: #000000">&#x201D;) and (ii) mail to Parent Stockholders as
of the record date established for the Parent Stockholders&#x2019;
Meeting, the S-4 Registration Statement and the Proxy
Statement/Prospectus.&#xA0;&#xA0;The Parent Stockholders&#x2019;
Meeting shall be held as promptly as practicable, and in any event
within 45 days, following the date that SEC declares the S-4
Registration Statement to be effective. Parent shall take
reasonable measures to ensure that all proxies solicited in
connection with the Parent Stockholders&#x2019; Meeting are
solicited in compliance with all applicable Legal Requirements.
Notwithstanding anything to the contrary contained herein, if on a
date preceding the date on which or the date on which the Parent
Stockholders&#x2019; Meeting is scheduled, Parent reasonably
believes that (A) it will not receive proxies sufficient to obtain
the Parent Stockholder Approval, whether or not a quorum would be
present or (B)&#xA0;it will not have sufficient shares of Parent
Common Stock represented (either in person or by proxy) to
constitute a quorum necessary to conduct the business of the Parent
Stockholders&#x2019; Meeting, Parent may, in its sole discretion,
postpone or adjourn, or make one or more successive postponements
or adjournments of, the Parent Stockholders&#x2019; Meeting as long
as the date of the Parent Stockholders&#x2019; Meeting is not
postponed or adjourned more than an aggregate of 60 calendar days
in connection with any postponements or adjournments in reliance on
the preceding sentence.&#xA0;</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(b)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">Parent
agrees that, subject to Section 5.03(c): (i) Parent&#x2019;s board
of directors shall recommend that the holders of Parent Common
Stock vote to approve the Parent Stockholder Approval Matters and
shall use commercially reasonable efforts to solicit such approval
within the timeframe set forth in Section 5.03(a) above; (ii) the
Proxy Statement/Prospectus shall include a statement to the effect
that the board of directors of Parent recommends that
Parent&#x2019;s stockholders vote to approve the Parent Stockholder
Approval Matters (the recommendation of Parent&#x2019;s board of
directors that Parent&#x2019;s stockholders vote to approve the
Parent Stockholder Approval Matters being referred to as the
&#x201C;</font><font style="font-weight: bold; font-style: italic; color: #000000">Parent
Board Recommendation</font><font style="color: #000000">&#x201D;);
(iii) the Parent Board Recommendation shall not be withdrawn or
modified in a manner adverse to Company, and no resolution by the
board of directors of Parent or any committee thereof to withdraw
or modify the Parent Board Recommendation in a manner adverse to
Company shall be adopted or proposed; and (iv) Parent shall use its
commercially reasonable efforts to obtain from its stockholders the
Parent Stockholder Approval, including by soliciting proxies in
favor thereof.</font></font></div>
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</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(c)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">Notwithstanding
anything to the contrary contained in Section 5.03(b), at any time
prior to the approval of the Parent Stockholder Approval Matters by
the Parent Stockholder Approval, the Parent Board Recommendation
may be withdrawn or modified (a &#x201C;</font><font style="font-weight: bold; font-style: italic; color: #000000">Parent
Change in Recommendation</font><font style="color: #000000">&#x201D;) if the board of directors of Parent
concludes in good faith, after having consulted with Parent&#x2019;s
outside legal counsel and financial advisors, that as a result of
Parent&#x2019;s receipt of an Acquisition Proposal that did not
result from a violation of Section 5.13 that constitutes a Parent
Superior Offer, the withdrawal or modification of the Parent Board
Recommendation is required in order for the board of directors of
Parent to comply with its fiduciary obligations to Parent&#x2019;s
stockholders under applicable Legal Requirements;</font>
<font style="font-style: italic; color: #000000">provided</font><font style="color: #000000">,</font> <font style="font-style: italic; color: #000000">however</font><font style="color: #000000">, that prior to Parent taking any action permitted
under this Section 5.03(c), Parent shall provide Company with ten
(10) Business Days&#x2019; prior written notice advising the Company
that it intends to effect such withdrawal or modification to the
Parent Board Recommendation and specifying, in reasonable detail,
the reasons therefor (including, in the case of an Acquisition
Proposal, the information required by Section 5.13(b)) and during
such ten (10) Business Day period, (i) Parent shall negotiate, and
cause its Representatives to negotiate, with Company in good faith
(to the extent Company wishes to negotiate) to enable Company to
determine whether to propose revisions to the terms of this
Agreement such that it would obviate the need for Parent&#x2019;s
board of directors to effect such withdrawal or modification, and
(ii) Parent shall consider in good faith any proposal by Company to
amend the terms and conditions of this Agreement in a manner that
would obviate the need to effect such withdrawal or change of the
Parent Board Recommendation.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(d)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Notwithstanding
the occurrence of any Parent Change in Recommendation, Parent shall
nonetheless submit this Agreement to the Parent Stockholders for
adoption at the Parent Stockholders Meeting unless this Agreement
is terminated in accordance with Article VII prior to the Parent
Stockholders Meeting.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(e)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">Nothing
contained in this Agreement shall prohibit Parent or its board of
directors from (i) taking and disclosing to the stockholders of
Parent a position as contemplated by Rule 14e-2(a) under the
Exchange Act or complying with the provisions of Rule 14d-9 under
the Exchange Act (other than Rule 14d-9(f) under the Exchange Act)
or (ii) making a &#x201C;stop, look and listen&#x201D; communication
to the stockholders of Parent pursuant to Rule 14d-9(f) under the
Exchange Act, in each case provided Parent has otherwise complied
with the terms of this Section 5.03,</font> <font style="font-style: italic; color: #000000">provided</font><font style="color: #000000">,</font> <font style="font-style: italic; color: #000000">however</font><font style="color: #000000">, that any disclosure made by Parent or its board
of directors pursuant to Rules 14d-9 or 14e-2(a) will be limited to
a statement that Parent is unable to take a position with respect
to the bidder&#x2019;s tender offer unless the board of directors of
Parent determines in good faith, after consultation with its
outside legal counsel, that such statement would result in a breach
of its fiduciary duties under applicable Legal Requirements;</font>
<font style="font-style: italic; color: #000000">provided</font><font style="color: #000000">,</font> <font style="font-style: italic; color: #000000">further</font><font style="color: #000000">, that (A) in the case of each of the foregoing
clauses (i) and (ii), any such disclosure or public statement shall
be deemed to be a Parent Change in Recommendation subject to the
terms and conditions of this Agreement unless Parent&#x2019;s board
of directors reaffirms the Parent Board Recommendation in such
disclosure or public statement; and (B) Parent shall not affect a
Parent Change in Recommendation unless specifically permitted
pursuant to the terms of Section 5.03(c).</font></font></div>
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</div>
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<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 0px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
5.04</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; text-decoration: underline; color: #000000">Access
to Information; Confidentiality</font><font style="color: #000000">.&#xA0;&#xA0;From the date of this Agreement until
the earlier of the Effective Time or the termination of this
Agreement in accordance with Article VII, and upon reasonable
notice and subject to restrictions contained in confidentiality
agreements to which such party is subject, Company and Parent will
each afford to the officers, employees, accountants, counsel and
other Representatives of the other party, reasonable access, during
the Pre-Closing Period, to all its properties, books, contracts,
commitments and records (including, without limitation, Tax
records) and, during such period, Company and Parent each will
furnish promptly to the other all information concerning its
business, properties and personnel as such other party may
reasonably request, and each will make available to the other the
appropriate individuals (including attorneys, accountants and other
professionals) for discussion of the other&#x2019;s business,
properties and personnel as either party may reasonably
request;</font> <font style="font-style: italic; color: #000000">provided</font><font style="color: #000000">, that each of Company and Parent reserves the
right to withhold any information if access to such information
would be reasonably likely to result in any such party forfeiting
attorney-client privilege between it and its counsel with respect
to such information, in which event such party shall cause such
information to be delivered in a form or summary, including any
redactions that may be necessary, so as to provide as much
requested information as reasonably practicable while retaining
such privilege.&#xA0;&#xA0;Without limiting the generality of the
foregoing, during the Pre-Closing Period, the Company and Parent
will promptly provide the other party with copies
of:&#xA0;&#xA0;(a) all material operating and financial reports
prepared by Company or Parent (or their respective
Representatives), as applicable, for such party&#x2019;s senior
management, including copies of any sales forecasts, marketing
plans, development plans, discount reports, write-off reports,
hiring reports and capital expenditure reports; (b) any written
materials or communications sent by or on behalf of such party to
its stockholders; (c) any material notice, document or other
communication sent by or on behalf of any of such party to any
third party to any Company Contract or Parent Contract, as
applicable, or sent to Company or Parent by any third party to any
Company Contract or Parent Contract, as applicable, (other than any
communication that relates solely to routine commercial
transactions and that is of the type sent in the ordinary course of
business and consistent with past practices); (d) any notice,
report or other document filed with or sent to any Governmental
Body in connection with the Merger or any of the other
Transactions; and (e) any material notice, report or other document
received from any Governmental Body.&#xA0;&#xA0;Each party will
keep such information confidential in accordance with the terms of
the currently effective confidentiality agreement (the
&#x201C;</font><font style="font-weight: bold; font-style: italic; color: #000000">Confidentiality
Agreement</font><font style="color: #000000">&#x201D;) between
Parent and Company;</font> <font style="font-style: italic; color: #000000">provided</font><font style="color: #000000">, that the Company may make disclosure of such
information to its stockholders or other third parties as may be
reasonably necessary to enable the Company to comply with its
obligations under this Agreement, including without limitation
under Section 5.02 hereof.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 0px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">Section
5.05</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; text-decoration: underline; color: #000000">Regulatory
Approvals and Related Matters</font><font style="color: #000000">.
Each Party shall use commercially reasonable efforts to file or
otherwise submit, as soon as practicable after the date of this
Agreement, all applications, notices, reports and other documents
reasonably required to be filed by such Party with or otherwise
submitted by such Party to any Governmental Body with respect to
the Merger, and to submit promptly any additional information
requested by any such Governmental Body. Without limiting the
generality of the foregoing, the Parties shall, promptly after the
date of this Agreement, prepare and file, if any, (a)&#xA0;the
notification and report forms required to be filed under the HSR
Act and (b)&#xA0;any notification or other document required to be
filed in connection with the Merger under any applicable foreign
Legal Requirement relating to antitrust or competition matters.
Parent and Company shall respond as promptly as is practicable to
respond in compliance with: (i)&#xA0;any inquiries or requests
received from the Federal Trade Commission or the Department of
Justice for additional information or documentation; and
(ii)&#xA0;any inquiries or requests received from any state
attorney general, foreign antitrust or competition authority or
other Governmental Body in connection with antitrust or competition
matters.</font></font></div>
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</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 0px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
5.06</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; text-decoration: underline; color: #000000">Director
Indemnification and Insurance</font><font style="color: #000000">.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(a)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">From
and after the Effective Time, Parent and the Surviving Corporation
will fulfill and honor in all respects the obligations of Company
and Parent which exist prior to the date hereof to indemnify
Company&#x2019;s and Parent&#x2019;s present and former directors and
officers and their heirs, executors and assigns (each, a
&#x201C;</font><font style="font-weight: bold; font-style: italic; color: #000000">D&amp;O
Indemnified Party</font><font style="color: #000000">&#x201D;). The
Company directors and officers who become directors and officers of
the Surviving Corporation and Parent will enter into Parent&#x2019;s
standard indemnification agreement, which will be in addition to
any other contractual rights to indemnification.&#xA0;&#xA0;The
certificate of incorporation and/or bylaws of the Surviving
Corporation will contain provisions at least as favorable as the
provisions relating to the indemnification and elimination of
liability for monetary damages set forth in the certificate of
incorporation and/or bylaws of Company, and the provisions relating
to the indemnification and elimination of liability for monetary
damages set forth in the certificate of incorporation and/or bylaws
of Company and certificate of incorporation and bylaws of Parent
will not be amended, repealed or otherwise modified for a period of
six (6) years from the Effective Time in any manner that would
adversely affect the rights thereunder of individuals who, at the
Effective Time, were directors, officers, employees or agents of
Company or Parent, unless such modification is required by Legal
Requirements.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">(b)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Prior
to the Effective Time, Parent will purchase, at Parent&#x2019;s sole
expense, a prepaid directors and officers liability
&#x201C;tail&#x201D; policy on Parent&#x2019;s existing directors and
officers for a period of six (6) years.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">(c)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">This
Section 5.06 will survive any termination of this Agreement and the
consummation of the Merger at the Effective Time, is intended to
benefit Company, the Surviving Corporation, Parent and the D&amp;O
Indemnified Parties, and will be binding on all successors and
assigns of Parent and the Surviving Corporation.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 0px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
5.07</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; text-decoration: underline; color: #000000">Notification
of Certain Matters</font><font style="color: #000000">.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(a)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">Company
will give prompt notice to Parent, and Parent will give prompt
notice to Company, of (i) the occurrence, or non-occurrence, of any
event the occurrence, or non-occurrence, of which would be
reasonably likely to cause any representation or warranty contained
in this Agreement to be untrue or inaccurate such that the
conditions set forth in Section 6.02(a) or Section 6.03(a), as
applicable, would fail to be satisfied as of the Closing; (ii) any
failure of Company or Parent, as the case may be, materially to
comply with or satisfy any covenant, condition or agreement to be
complied with or satisfied by it hereunder such that the conditions
set forth in Section 6.02(b) or Section 6.03(b), as applicable,
would fail to be satisfied as of the Closing and (iii) whether any
holder of shares of Parent Capital Stock or any security or other
right convertible into or exercisable for shares of Parent Capital
Stock has made any demand or request for the repurchase of any such
share, security or right;</font> <font style="font-style: italic; color: #000000">provided</font><font style="color: #000000">,</font> <font style="font-style: italic; color: #000000">however</font><font style="color: #000000">, that the delivery of any notice pursuant to this
Section 5.07 will not limit or otherwise affect the remedies
available hereunder to the party receiving such
notice.</font></font></div>
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<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">(b)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Each
of Company and Parent will give prompt notice to the other
of:&#xA0;(i) any notice or other communication from any person
alleging that the consent of such person is or may be required in
connection with the Merger or other Transactions; (ii) any notice
or other communication from any Governmental Body in connection
with the Merger or other Transactions; (iii) any litigation
relating to or involving or otherwise affecting Company or Parent
that relates to the Merger or other Transactions; (iv) the
occurrence of a default or event that, with notice or lapse of time
or both, will become a default under a Company Contract or a Parent
Contract, as applicable; and (v) any change that would be
considered reasonably likely to result in a Company Material
Adverse Effect or Parent Material Adverse Effect.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 0px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">Section
5.08</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; text-decoration: underline; color: #000000">Stockholder
Litigation</font><font style="color: #000000">.&#xA0;&#xA0;From and
after the date of this Agreement until the earlier of the Effective
Time or the date, if any, on which this Agreement is terminated
pursuant to Article VII, Parent shall promptly notify Company of
any litigation brought, or threatened, against Parent and/or
members of the board of directors of Parent or any of its officers
relating to the Transactions or otherwise and shall keep Company
informed on a reasonably current basis with respect to the status
thereof.&#xA0;&#xA0;From and after the date of this Agreement until
the earlier of the Effective Time or the date, if any, on which
this Agreement is terminated pursuant to Article VII, Company shall
promptly notify Parent of any litigation brought, or threatened,
against Company and/or members of the board of directors of Company
or any of its officers relating to the Transactions or otherwise
and shall keep Parent informed on a reasonably current basis with
respect to the status thereof. Each Party shall give the other
Party the right to review and comment on all material filings or
responses to be made by such Party in connection with the foregoing
and, no settlement shall be agreed to in connection with the
foregoing without the other Party's prior written consent (such
consent not to be unreasonably withheld, conditioned or
delayed).</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 0px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">Section
5.09</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; text-decoration: underline; color: #000000">Public
Announcements</font><font style="color: #000000">.&#xA0;&#xA0;Parent and Company will consult with
each other before issuing any press release or otherwise making any
public statements with respect to the Merger or this Agreement and
will not issue any such press release or make any disclosure (to
any customers or employees of such Party, to the public or
otherwise) regarding this Agreement and/or the Transactions without
the prior consent of the other party, which will not be
unreasonably withheld or delayed;</font> <font style="font-style: italic; color: #000000">provided</font><font style="color: #000000">,</font> <font style="font-style: italic; color: #000000">however</font><font style="color: #000000">, that, on the advice of legal counsel, Parent may
comply with any SEC requirements under the Securities Act or
Exchange Act which requires any disclosure without the consent of
Company.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 0px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">Section
5.10</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; text-decoration: underline; color: #000000">Conveyance
Taxes</font><font style="color: #000000">.&#xA0;&#xA0;Parent and
Company will cooperate in the preparation, execution and filing of
all returns, questionnaires, applications or other documents
regarding any real property transfer or gains, sales, use,
transfer, value added, stock transfer and stamp taxes, any
transfer, recording, registration and other fees, and any similar
taxes which become payable in connection with the Transactions that
are required or permitted to be filed on or before the Effective
Time.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 0px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
5.11</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; text-decoration: underline; color: #000000">Board
of Directors and Officers of Parent</font><font style="color: #000000">.&#xA0;&#xA0;</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(a)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">Parent
will take all actions necessary, in consultation with Company, to
cause the board of directors of Parent, immediately after the
Effective Time, to consist of seven (7) members, three (3) of which
will be appointed by the Parent and shall include Josh Silverman as
Chairman, one (1) of which will be designated by the lead investor
in the Company Pre-Closing Financing, and the remaining three (3)
of which shall be appointed by the Company; provided, however, upon
the Company&#x2019;s achievement of the business milestones set
forth on</font> <font style="text-decoration: underline; color: #000000">Schedule
5.11(a)</font> <font style="color: #000000">(the
&#x201C;</font><font style="font-weight: bold; font-style: italic; color: #000000">Milestones</font><font style="color: #000000">&#x201D;),
the Company shall be permitted to nominate additional members.
Prior to the mailing of the Proxy Statement/Prospectus, Parent
shall provide executed resignation letters (effective as of the
Effective Time) for all members of the board of directors who will
no longer be members of the board of directors of Parent effective
immediately after the Effective Time;</font> <font style="font-style: italic; color: #000000">provided</font><font style="color: #000000">,</font> <font style="font-style: italic; color: #000000">however</font><font style="color: #000000">, the parties acknowledge that so long as Parent
remains a public reporting company, the board of directors of
Parent will continue to satisfy applicable securities laws,
including, without limitation, maintaining an independent audit
committee, and the nominations by Company and Parent hereunder will
allow Parent to comply with such applicable Legal
Requirements.&#xA0;&#xA0;Each new member of the board of directors
of Parent that was not a member of the board of directors of Parent
immediately before the Effective Time shall enter into an
indemnification agreement with Parent, on a form to be mutually
agreed between Parent and Company (and absent such agreement, on
Parent&#x2019;s form indemnification agreement), within fifteen (15)
days of their appointment.&#xA0;&#xA0;</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(b)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Parent
will take all actions necessary to cause each of the existing
officers of Parent to resign effective as of the Effective Time.
The officers of the Company immediately prior to the Effective Time
shall be the officers of the Parent as of the Effective
Time.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 0px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
5.12</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; text-decoration: underline; color: #000000">Parent
Non-Solicitation</font><font style="color: #000000">.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(a)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Parent
agrees that, during the Pre-Closing Period, it shall not, and shall
not authorize any of its Representatives to, directly or
indirectly: (i) solicit, initiate or knowingly encourage, induce or
facilitate the communication, making, submission or announcement of
any Acquisition Proposal or Acquisition Inquiry or take any action
that could reasonably be expected to lead to an Acquisition
Proposal or Acquisition Inquiry; (ii) furnish any non-public
information regarding Parent to any Person in connection with or in
response to an Acquisition Proposal or Acquisition Inquiry; (iii)
engage in discussions (other than to inform any Person of the
existence of the provisions in this Section 5.12) or negotiations
with any Person with respect to any Acquisition Proposal or
Acquisition Inquiry; (iv) approve, endorse or recommend any
Acquisition Proposal (subject to Section 5.03); (v) execute or
enter into any letter of intent or any Contract contemplating or
otherwise relating to any Acquisition Transaction (other than a
confidentiality agreement permitted under this Section 5.12); or
(vi) publicly propose to do any of the foregoing; provided,
however, that, notwithstanding anything contained in this Section
5.12 and subject to compliance with this Section 5.12, prior to
obtaining the Parent Stockholder Approval, Parent may furnish
non-public information regarding Parent to, and enter into
discussions or negotiations with, any Person in response to a bona
fide Acquisition Proposal by such Person, which the Parent&#x2019;s
board of directors determines in good faith, after consultation
with Parent&#x2019;s outside financial advisors and outside legal
counsel, constitutes, or could be reasonably likely to result in, a
Parent Superior Offer (and is not withdrawn) if: (A) neither Parent
nor any of its Representatives shall have breached this Section
5.12 in any material respect, (B) the Parent&#x2019;s board of
directors concludes in good faith based on the advice of outside
legal counsel, that the failure to take such action could be
reasonably likely to be inconsistent with the fiduciary duties of
the Parent&#x2019;s board of directors under the DGCL; (C) Parent
receives from such Person an executed confidentiality agreement
containing provisions, in the aggregate, at least as favorable to
Parent as those contained in the Confidentiality Agreement; and (D)
substantially contemporaneously with furnishing any such nonpublic
information to such Person, Parent furnishes such nonpublic
information to the Company (to the extent such information has not
been previously furnished by Parent to the Company). Without
limiting the generality of the foregoing, Parent acknowledges and
agrees that, in the event any Representative of Parent (whether or
not such Representative is purporting to act on behalf of Parent)
takes any action that, if taken by Parent, would constitute a
breach of this Section 5.12, the taking of such action by such
Representative shall be deemed to constitute a breach of this
Section 5.12 by Parent for purposes of this Agreement.</font></div>
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<div style="text-align: right; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">(b)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">If
Parent or any Representative of Parent receives an Acquisition
Proposal or Acquisition Inquiry at any time during the Pre-Closing
Period, then Parent shall promptly (and in no event later than one
Business Day after Parent becomes aware of such Acquisition
Proposal or Acquisition Inquiry) advise the Company orally and in
writing of such Acquisition Proposal or Acquisition Inquiry
(including the identity of the Person making or submitting such
Acquisition Proposal or Acquisition Inquiry, and the material terms
thereof). Parent shall keep the Company reasonably informed with
respect to the status and material terms of any such Acquisition
Proposal or Acquisition Inquiry and any material modification or
proposed material modification thereto.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">(c)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">Parent
shall immediately cease and cause to be terminated any existing
discussions, negotiations and communications with any Person that
relate to any Acquisition Proposal or Acquisition Inquiry that has
not already been terminated as of the date of this Agreement and
request the destruction or return of any nonpublic information of
Parent provided to such Person</font><font style="font-weight: bold; color: #000000">.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 0px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
5.13</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; text-decoration: underline; color: #000000">Company
Non-Solicitation</font><font style="color: #000000">.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(a)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">Company
agrees that, during the Pre-Closing Period, it shall not, and shall
not authorize any of its Representatives to, directly or
indirectly: (i) solicit, initiate or knowingly encourage, induce or
facilitate the communication, making, submission or announcement of
any Acquisition Proposal or Acquisition Inquiry or take any action
that could reasonably be expected to lead to an Acquisition
Proposal or Acquisition Inquiry; (ii) furnish any non-public
information regarding Company to any Person in connection with or
in response to an Acquisition Proposal or Acquisition Inquiry;
(iii) engage in discussions (other than to inform any Person of the
existence of the provisions in this Section 5.13) or negotiations
with any Person with respect to any Acquisition Proposal or
Acquisition Inquiry; (iv) approve, endorse or recommend any
Acquisition Proposal; (v) execute or enter into any letter of
intent or any Contract contemplating or otherwise relating to any
Acquisition Transaction (other than a confidentiality agreement
permitted under this Section 5.13); or (vi) publicly propose to do
any of the foregoing;</font> <font style="font-style: italic; color: #000000">provided,
however</font><font style="color: #000000">, that, notwithstanding
anything contained in this Section 5.13 and subject to compliance
with this Section 5.13, prior to obtaining the Required Company
Stockholder Vote, Company may furnish non-public information
regarding Company to, and enter into discussions or negotiations
with, any Person in response to a bona fide Acquisition Proposal by
such Person, which the Company&#x2019;s board of directors
determines in good faith, after consultation with Company&#x2019;s
outside financial advisors and outside legal counsel, constitutes,
or could be reasonably likely to result in, a Company Superior
Offer (and is not withdrawn) if: (A) neither Company nor any of its
Representatives shall have breached this Section 5.13 in any
material respect; (B) the Company&#x2019;s board of directors
concludes in good faith, based on the advice of outside legal
counsel, that the failure to take such action could be reasonably
likely to be inconsistent with the fiduciary duties of the
Company&#x2019;s board of directors under the DGCL; (C) Company
receives from such Person an executed confidentiality agreement
containing provisions, in the aggregate, at least as favorable to
Company as those contained in the Confidentiality Agreement; and
(D) substantially contemporaneously with furnishing any such
nonpublic information to such Person, Company furnishes such
nonpublic information to the Parent (to the extent such information
has not been previously furnished by Company to the Parent).
Without limiting the generality of the foregoing, Company
acknowledges and agrees that, in the event any Representative of
Company (whether or not such Representative is purporting to act on
behalf of Company) takes any action that, if taken by Company,
would constitute a breach of this Section 5.13, the taking of such
action by such Representative shall be deemed to constitute a
breach of this Section 5.13 by Company for purposes of this
Agreement.</font></font></div>
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<div style="text-align: right; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(b)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">If
Company or any Representative of Company receives an Acquisition
Proposal or Acquisition Inquiry at any time during the Pre-Closing
Period, then Company shall promptly (and in no event later than one
Business Day after Company becomes aware of such Acquisition
Proposal or Acquisition Inquiry) advise the Parent orally and in
writing of such Acquisition Proposal or Acquisition Inquiry
(including the identity of the Person making or submitting such
Acquisition Proposal or Acquisition Inquiry, and the material terms
thereof). Company shall keep the Parent reasonably informed with
respect to the status and material terms of any such Acquisition
Proposal or Acquisition Inquiry and any material modification or
proposed material modification thereto.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(c)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Company
shall immediately cease and cause to be terminated any existing
discussions, negotiations and communications with any Person that
relate to any Acquisition Proposal or Acquisition Inquiry that has
not already been terminated as of the date of this Agreement and
request the destruction or return of any nonpublic information of
Company provided to such Person.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 0px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">Section
5.14</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; text-decoration: underline; color: #000000">Section
16 Matters</font><font style="color: #000000">.&#xA0;&#xA0;Subject
to the following sentence, prior to the Effective Time, Parent and
Company will take all such steps as may be required (to the extent
permitted under applicable Legal Requirements and no-action letters
issued by the SEC) to cause any acquisition of Parent Common Stock
(including derivative securities with respect to Parent Common
Stock) by each individual who is or will be subject to the
reporting requirements of Section 16(a) of the Exchange Act with
respect to Parent, to be exempt under Rule 16b-3 under the Exchange
Act.&#xA0;&#xA0;At least thirty (30) days prior to the Closing
Date, Company will furnish the following information to Parent for
each individual who, immediately after the Effective Time, will
become subject to the reporting requirements of Section 16(a) of
the Exchange Act with respect to Parent:&#xA0;&#xA0;(a) the Company
Capital Stock held by such individual and expected to be exchanged
for shares of Parent Common Stock pursuant to the Merger and (b)
the number of other derivative securities (if any) with respect to
Company Capital Stock held by such individual and expected to be
converted into shares of Parent Common Stock or derivative
securities with respect to Parent Common Stock in connection with
the Merger.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 0px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
5.15</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; text-decoration: underline; color: #000000">Parent
Charter Amendment</font><font style="color: #000000">.&#xA0;&#xA0;Immediately prior to the Effective
Time, Parent will file the Parent Charter Amendment with the
Secretary of State of the State of Delaware to become effective
immediately prior to the Effective Time.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 0px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
5.16</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; text-decoration: underline; color: #000000">Parent
Warrants</font><font style="color: #000000">.&#xA0;&#xA0;If
required by any applicable Parent Warrant, promptly after the date
of this Agreement, and in any event within twenty (20) Business
Days before the Effective Time, Parent shall deliver notice to the
holders of such Parent Warrants with respect to the Transactions
and the rights of the holders thereof in connection therewith,
subject to the review and approval of Company (not to be
unreasonably withheld).</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 0px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
5.17</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; text-decoration: underline; color: #000000">Allocation
Certificate</font><font style="color: #000000">.&#xA0;&#xA0;Company
will prepare and deliver to Parent at least two (2) Business Days
prior to the Closing Date a certificate signed by the Chief
Financial Officer and Secretary of Company in a form reasonably
acceptable to Parent which sets forth (i) a true and complete list
of the Company Stockholders immediately prior to the Effective Time
and the number and type of shares of Company Capital Stock owned by
each such Company Stockholder and (ii) the allocation of the Merger
Consideration among the Company Stockholder pursuant to the Merger
(the &#x201C;</font><font style="font-weight: bold; font-style: italic; color: #000000">Allocation
Certificate</font><font style="color: #000000">&#x201D;).</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 0px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
5.18</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; text-decoration: underline; color: #000000">Employee
Benefit Matters</font><font style="color: #000000">. For purposes
of vesting, eligibility to participate, and level of benefits under
the benefit plans, programs, contracts or arrangements of Parent or
any of its Subsidiaries (including, following the Closing, the
Company and its Subsidiaries) providing benefits to any Continuing
Employee after the Closing (the &#x201C;</font><font style="font-weight: bold; font-style: italic; color: #000000">Post-Closing
Plans</font><font style="color: #000000">&#x201D;), each employee
who continues to be employed by Parent, the Company or any of their
respective Subsidiaries immediately following the Closing
(&#x201C;</font><font style="font-weight: bold; font-style: italic; color: #000000">Continuing
Employees</font><font style="color: #000000">&#x201D;) shall be
credited with his or her years of service with Parent, Company or
any of their respective Subsidiaries and their respective
predecessors;</font> <font style="font-style: italic; color: #000000">provided</font><font style="color: #000000">,</font> <font style="font-style: italic; color: #000000">however</font><font style="color: #000000">, that the foregoing shall not apply to the extent
that its application would result in a duplication of benefits. In
addition, and without limiting the generality of the foregoing, for
purposes of each Post-Closing Plan providing medical, dental,
pharmaceutical and/or vision benefits to a Continuing Employee,
Parent shall cause all pre-existing condition exclusions and
actively-at-work requirements of such Post-Closing Plan to be
waived for such Continuing Employee and his or her covered
dependents to the extent and unless such conditions would have been
waived or satisfied under the employee benefit plan whose coverage
is being replaced under the Post-Closing Plan, and Parent shall use
commercially reasonable efforts to cause any eligible expenses
incurred by a Continuing Employee and his or her covered dependents
during the portion of such plan year in which coverage is replaced
with coverage under a Post-Closing Plan to be taken into account
under such Post-Closing Plan with respect to the plan year in which
participation in such Post-Closing Plan begins for purposes of
satisfying all deductible, coinsurance and maximum out-of-pocket
requirements applicable to such Continuing Employee and his or her
covered dependents for such plan year as if such amounts had been
paid in accordance with such Post-Closing Plan.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 0px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
5.19</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; text-decoration: underline; color: #000000">Company
and Parent Disclosure Schedules</font><font style="color: #000000">.&#xA0;&#xA0;Each of Company and Parent may in its
discretion, for informational purposes only, supplement the
information set forth on the Company Disclosure Schedule or Parent
Disclosure Schedule, as applicable, with respect to any matter now
existing or hereafter arising that, if existing or occurring at or
prior to the date of this Agreement, would have been required to be
set forth or described in the Company Disclosure Schedule or Parent
Disclosure Schedule, as applicable, on the date of this Agreement
or that is necessary to correct any information in the Company
Disclosure Schedule or Parent Disclosure Schedule, as applicable,
which has been rendered inaccurate thereby promptly following
discovery thereof.&#xA0;&#xA0;Any such amended or supplemented
disclosure shall not be deemed to modify the representations and
warranties of Company, Parent or Merger Sub for purposes of Section
6.02(a) and 6.03(a) of this Agreement.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 0px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">Section
5.20</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; text-decoration: underline; color: #000000">Tax
Matters</font><font style="color: #000000">. Parent, Merger Sub and
Company shall treat, and shall not take any Tax reporting position
inconsistent with the treatment of, the Merger as a reorganization
within the meaning of Section 368(a) of the Code for U.S. federal,
state and other relevant Tax purposes, unless otherwise required
pursuant to a &#x201C;determination&#x201D; within the meaning of
Section 1313(a) of the Code.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 0px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
5.21</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; text-decoration: underline; color: #000000">Reverse
Split</font><font style="color: #000000">.&#xA0;&#xA0;If
applicable, Parent shall submit to the holders of Parent Common
Stock at the Parent Stockholders&#x2019; Meeting a proposal to
approve and adopt the Parent Charter Amendment authorizing the
board of directors of Parent to effect a reverse stock split of all
outstanding shares of Parent Common Stock at a reverse stock split
ratio as mutually agreed to by Parent and Company (the
&#x201C;</font><font style="font-weight: bold; font-style: italic; color: #000000">Reverse
Split</font><font style="color: #000000">&#x201D;) and within the
range approved by the holders of Parent Common Stock. If
applicable, Parent shall cause the Reverse Split to be implemented
and take effect immediately prior to the Effective Time. The
Reverse Split shall increase the per share price of Parent&#x2019;s
Common Stock to a minimum of $5.00 per share.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 0px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
5.22</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; text-decoration: underline; color: #000000">Lock-up
Agreements</font><font style="color: #000000">.&#xA0;&#xA0;During
the Pre-Closing Period, Company shall deliver a Company Lock-up
Agreement to each of the Company Stockholders that own greater than
five percent (5%) of Company Common Stock or securities
convertible, exercisable or exchangeable into Company Common Stock
and shall use its commercially reasonable efforts to cause these
Company Stockholders to enter into such Company Lock-up Agreement.
Notwithstanding the foregoing or any other provision of this
Agreement to contrary, the Company shall not be required to deliver
Lock-Up Agreements from any Company Stockholder or other Company
Lock-Up Signatory to the extent that the delivery of such Lock-Up
Agreements would, in the Company&#x2019;s reasonable opinion after
consultation with its legal counsel, be detrimental to the
continued listing of Parent on the Nasdaq as of and subsequent to
the Effective Time.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 0px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
5.23</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; text-decoration: underline; color: #000000">Listing</font><font style="color: #000000">.&#xA0;&#xA0;Parent
shall use its commercially reasonable efforts, (a)&#xA0;to the
extent required by the rules and regulations of Nasdaq, to prepare
and submit to Nasdaq a notification form for the listing of the
shares of Parent Common Stock to be issued in connection with the
Transactions, and to cause such shares to be approved for listing
(subject to official notice of issuance) and (b)&#xA0;to the extent
required by Nasdaq Marketplace Rule 5110, to file an initial
listing application for the Parent Common Stock on Nasdaq (the
&#x201C;</font><font style="font-weight: bold; font-style: italic; color: #000000">Nasdaq
Listing Application</font><font style="color: #000000">&#x201D;) and
to cause such Nasdaq Listing Application to be conditionally
approved prior to the Effective Time. The Parties will use
commercially reasonable efforts to coordinate with respect to
compliance with Nasdaq rules and regulations. Parent agrees to pay
all Nasdaq fees associated with the Nasdaq Listing Application. The
Company will cooperate with Parent as reasonably requested by
Parent with respect to the Nasdaq Listing Application and promptly
furnish to Parent all information concerning the Company and its
stockholders that may be required or reasonably requested in
connection with any action contemplated by this
Section&#xA0;5.23.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 0px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
5.24</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; text-decoration: underline; color: #000000">Preferred
Stock</font><font style="color: #000000">.&#xA0; The Company shall
take all action required to effect the conversion of the Company
Preferred Stock into Company Common Stock pursuant to the Company
Stockholder Written Consent prior to the Closing
Date.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 0px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
5.25</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; text-decoration: underline; color: #000000">[Reserved]</font><font style="color: #000000">.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 0px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
5.26</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; text-decoration: underline; color: #000000">Parent
Legacy Business Disposition</font><font style="color: #000000">.
Concurrently with the execution of this Agreement, the Parent shall
have entered into the asset purchase agreement attached hereto
as</font> <font style="font-weight: bold; text-decoration: underline; color: #000000">Exhibit
H</font> <font style="color: #000000">(the
&#x201C;</font><font style="font-weight: bold; font-style: italic; color: #000000">Parent
Asset Purchase Agreement</font><font style="color: #000000">&#x201D;) for the sale of substantially all of
Parent&#x2019;s assets related to the business of Parent conducted
as of and prior to the date of this Agreement. In addition, such
Parent Asset Purchase Agreement shall provide for the assumption of
the liabilities set forth in Part 5.26 of the Parent Disclosure
Schedule. On the Closing Date, the Parent will consummate the
transactions contemplated by the Parent Asset Purchase Agreement
(the &#x201C;</font><font style="font-weight: bold; font-style: italic; color: #000000">Parent
Legacy Business Disposition</font><font style="color: #000000">&#x201D;). For clarity, the obligation of the
Parent to consummate the Parent Legacy Business Disposition is
subject to the substantially simultaneous consummation of the other
Parent Transactions. The Parent shall not amend, modify or waive
any provisions of the Parent Asset Purchase Agreement without the
prior written consent of the Company, which consent shall not be
unreasonably withheld, delayed or conditioned. Prior to the
Closing, Parent shall (a) seek and obtain written agreements in
form and substance reasonably acceptable to Company from all
parties to Contracts that are transferred and assigned in
connection with the Parent Legacy Business Disposition releasing
Parent from any and all liabilities and obligations under such
Contracts, (b) obtain an independent third party valuation from a
credible firm of the business and assets transferred pursuant to
the Parent Asset Purchase Agreement (the &#x201C;</font><font style="font-weight: bold; font-style: italic; color: #000000">Parent
Legacy Business Valuation</font><font style="color: #000000">&#x201D;), (c) provide evidence reasonably
satisfactory to Company that no material Tax will arise to Parent
as a result of the Parent Legacy Business Disposition and (d)
deliver to Company a schedule, which schedule shall be reasonably
acceptable to Company, setting forth the list of Contracts and
other assets and all related liabilities and obligations to be
transferred as part of the Parent Legacy Business
Disposition.</font></font></div>
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</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 0px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
5.27</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; text-decoration: underline; color: #000000">Further
Assurances</font><font style="color: #000000">. Prior to the
Effective Time, the Parties will exercise their commercially
reasonable efforts to cause to be satisfied the conditions set
forth under Article VI. At and after the Effective Time, the
officers and directors of the Surviving Corporation shall be
authorized to execute and deliver, in the name and on behalf of the
Company or Merger Sub, any deeds, bills of sale, assignments, or
assurances and to take and do, in the name and on behalf of the
Company or Merger Sub, any other actions and things to vest,
perfect, or confirm of record or otherwise in the Surviving
Corporation any and all right, title, and interest in, to and under
any of the rights, properties, or assets of the Company acquired or
to be acquired by the Surviving Corporation as a result of, or in
connection with, the Merger.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 0px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
5.28</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; text-decoration: underline; color: #000000">Stock
Incentive Plan</font><font style="color: #000000">. At the
Effective Time, Parent will adopt a stock incentive plan pursuant
to which 12.5% of the issued and outstanding shares of Parent
Common Stock post-Merger, on a fully diluted basis, shall be
reserved for issuance to employees, directors, consultants, and
other service providers. In addition, Parent shall grant restricted
stock units or equivalent grants in an amount equal to 5% of the
outstanding shares of Parent Common Stock post-Merger to Rod
Keller, which grants shall vest over a period of eighteen (18)
months, with vesting contingent upon the achievement of the
Milestones.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 0px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
5.29</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; text-decoration: underline; color: #000000">Company
Options</font><font style="text-decoration: underline; color: #000000">.</font><font style="font-weight: bold; color: #000000">&#xA0;</font><font style="color: #000000">At the Effective Time, each Company Option that is
outstanding and unexercised immediately prior to the Effective Time
under the Company Option Plan, whether or not vested, will be
converted into and become an option to purchase Parent Common
Stock, and Parent shall assume the Company Option Plan. All rights
with respect to Company Common Stock under Company Options assumed
by Parent will thereupon be converted into rights with respect to
Parent Common Stock. Accordingly, from and after the Effective
Time: (i) each Company Option assumed by Parent may be exercised
solely for shares of Parent Common Stock; (ii) the number of shares
of Parent Common Stock subject to each Company Option assumed by
Parent will be determined by multiplying (x) the number of shares
of Company Common Stock that were subject to such Company Option,
as in effect immediately prior to the Effective Time by (y) the
Exchange Ratio and rounding the resulting number down to the
nearest whole number of shares of Parent Common Stock; (iii) the
per share exercise price for the Parent Common Stock issuable upon
exercise of each Company Option assumed by Parent will be
determined by dividing (x) the per share exercise price of Company
Common Stock subject to such Company Option, as in effect
immediately prior to the Effective Time, by (y) the Exchange Ratio
and rounding the resulting exercise price up to the nearest whole
cent; and (iv) any restriction on the exercise of any Company
Option assumed by Parent will continue in full force and effect and
the term, exercisability, vesting schedule, status as an
&#x201C;incentive stock option&#x201D; under Section 422 of the Code,
if applicable, and other provisions of such Company Option will
otherwise remain unchanged; provided, however, that: (1) to the
extent provided under the terms of a Company Option, such Company
Option assumed by Parent in accordance with this Section 5.29 (a)
will, in accordance with its terms, be subject to further
adjustment as appropriate to reflect any stock split, division or
subdivision of shares, stock dividend, reverse stock split,
consolidation of shares, reclassification, recapitalization or
other similar transaction with respect to Parent Common Stock
subsequent to the Effective Time; and (2) Parent&#x2019;s board of
directors or a committee thereof will succeed to the authority and
responsibility of Company&#x2019;s board of directors or any
committee thereof with respect to each Company Option assumed by
Parent. Notwithstanding anything to the contrary in this Section
5.29(a), the conversion of each Company Option (regardless of
whether such option qualifies as an &#x201C;incentive stock
option&#x201D; within the meaning of Section 422 of the Code) into
an option to purchase shares of Parent Common Stock will be made in
a manner consistent with Treasury Regulation Section 1.424-1, such
that the conversion of a Company Option will not constitute a
&#x201C;modification&#x201D; of such Company Option for purposes of
Section 409A or Section 424 of the Code. It is the intention of the
parties that each Company Option so assumed by Parent shall qualify
following the Effective Time as an incentive stock option as
defined in Section 422 of the Code to the extent permitted under
Section 422 of the Code and to the extent such Company Option
qualified as an incentive stock option prior to the Effective
Time.</font></font></div>
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<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 0px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
5.30</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; text-decoration: underline; color: #000000">Company
Warrants</font><font style="color: #000000">. At the Effective
Time, each Company Warrant that is outstanding and unexercised
immediately prior to the Effective Time, will be converted into and
become a warrant to purchase Parent Common Stock. All rights with
respect to Company Common Stock under Company Warrants assumed by
Parent will thereupon be converted into rights with respect to
Parent Common Stock. Accordingly, from and after the Effective
Time: (i) each Company Warrant assumed by Parent may be exercised
solely for shares of Parent Common Stock; (ii) the number of shares
of Parent Common Stock subject to each Company Warrant assumed by
Parent will be determined by multiplying (x) the number of shares
of Company Common Stock that were subject to such Company Warrant,
as in effect immediately prior to the Effective Time by (y) the
Exchange Ratio and rounding the resulting number down to the
nearest whole number of shares of Parent Common Stock; (iii) the
per share exercise price for the Parent Common Stock issuable upon
exercise of each Company Warrant assumed by Parent will be
determined by dividing (x) the per share exercise price of Company
Common Stock subject to such Company Warrant, as in effect
immediately prior to the Effective Time, by (y) the Exchange Ratio
and rounding the resulting exercise price up to the nearest whole
cent; and (iv) any restriction on the exercise of any Company
Warrant assumed by Parent will continue in full force and effect
and the term, exercisability and other provisions of such Company
Warrant will otherwise remain unchanged; provided, however, that to
the extent provided under the terms of a Company Warrant, such
Company Warrant assumed by Parent in accordance with this Section
5.30(a) will, in accordance with its terms, be subject to further
adjustment as appropriate to reflect any stock split, division or
subdivision of shares, stock dividend, reverse stock split,
consolidation of shares, reclassification, recapitalization or
other similar transaction with respect to Parent Common Stock
subsequent to the Effective Time.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px"><font style="color: #000000">ARTICLE
VI.</font></font>&#xA0;<br></font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold"><font style="font-family: Times New Roman; font-size: 13px">CONDITIONS TO THE
MERGER</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 0px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">Section
6.01</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; text-decoration: underline; color: #000000">Conditions
to Obligation of Each Party to Effect the Merger</font><font style="color: #000000">.&#xA0;&#xA0;The respective obligations of each
party to effect the Merger will be subject to the satisfaction at
or prior to the Effective Time of the following
conditions:</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">(a)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline; color: #000000">No
Injunctions or Restraints; Illegality</font><font style="color: #000000">.&#xA0;&#xA0;No temporary restraining order,
preliminary or permanent injunction or other order (whether
temporary, preliminary or permanent) issued by any court of
competent jurisdiction or other legal restraint or prohibition
preventing the consummation of the Merger will be in effect, nor
will any proceeding brought by any administrative agency or
commission or other Governmental Body or instrumentality, domestic
or foreign, seeking any of the foregoing be pending; and there will
not be any action taken, or any statute, rule, regulation or order
enacted, entered, enforced or deemed applicable to the Merger,
which makes the consummation of the Merger
illegal.</font></font></div>
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</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">(b)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline; color: #000000">Governmental
Approvals</font><font style="color: #000000">.&#xA0;&#xA0;Any
waiting period applicable to the consummation of the Merger under
the HSR Act will have expired or been
terminated.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">(c)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline; color: #000000">Stockholder
Approvals</font><font style="color: #000000">.&#xA0;&#xA0;This
Agreement will have been duly adopted and the Merger, the
conversion of the Company Preferred Stock into Company Common Stock
and the other transactions contemplated by this Agreement will have
been duly approved by the Required Company Stockholder Vote, and
the Parent Stockholder Approval Matters will have been duly adopted
and approved by the Parent Stockholder
Approval.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(d)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline; color: #000000">Stock
Exchange Listing.</font><font style="color: #000000">&#xA0;&#xA0;The shares of Parent Common Stock to
be issued in the Merger shall have been approved for listing on the
Nasdaq, subject to official notice of issuance.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(e)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline; color: #000000">S-4
Registration Statement</font><font style="color: #000000">. The S-4
Registration Statement shall have become effective under the
Securities Act and shall not be the subject of any stop
order.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(f)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline; color: #000000">Company
Pre-Closing Financing</font><font style="color: #000000">. Company
shall have consummated the Company Pre-Closing Financing on or
prior to the Effective Date on the terms and conditions set forth
in the Subscription Agreement.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 0px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">Section
6.02</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; text-decoration: underline; color: #000000">Additional
Conditions to Obligations of Parent</font><font style="color: #000000">.&#xA0;&#xA0;The obligations of Parent to effect
the Merger are also subject to the following
conditions:</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(a)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline; color: #000000">Representations
and Warranties</font><font style="color: #000000">.&#xA0;&#xA0;The
representations and warranties of Company (i) that constitute the
Company Fundamental Representations shall have been true and
correct in all respects as of the date of this Agreement and shall
be true and correct in all respects on and as of the Closing Date
with the same force and effect as if made on and as of such date
(except to the extent such representations and warranties are
specifically made as of a particular date, in which case such
representations and warranties shall be true and correct as of such
date) and (ii) contained in this Agreement (other than the Company
Fundamental Representations) will be true and correct in all
respects on and as of the Closing Date, with the same force and
effect as if made on and as of the Closing Date (except for those
representations and warranties which address matters only as of a
particular date, in which case such representations and warranties
shall be true and correct as of such date), except for those
inaccuracies that, individually or in the aggregate, do not
constitute a Company Material Adverse Effect;</font> <font style="font-style: italic; color: #000000">provided</font><font style="color: #000000">,</font> <font style="font-style: italic; color: #000000">however</font><font style="color: #000000">, for purposes of this clause (ii), all
&#x201C;Company Material Adverse Effect&#x201D; and other materiality
qualifications limiting the scope of the representations and
warranties of Company contained in this Agreement will be
disregarded.&#xA0;&#xA0;Parent will have received a certificate to
such effect signed by an officer of
Company.&#xA0;&#xA0;</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(b)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline; color: #000000">Agreements
and Covenants</font><font style="color: #000000">.&#xA0;&#xA0;Company will have performed or
complied with in all material respects its agreements and covenants
required by this Agreement to be performed or complied with by it
on or prior to the Effective Time.&#xA0;&#xA0;Parent will have
received a certificate to such effect signed by an officer of
Company.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<div style="text-align: left; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">58</font></div>
</div>
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<div id="hdr">
<div style="text-align: right; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(c)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline; color: #000000">Officer&#x2019;s
Certificate</font><font style="color: #000000">. Parent shall have
received a certificate executed by the Chief Executive Officer or
Chief Financial Officer of Company certifying (i)&#xA0;that the
conditions set forth in Sections&#xA0;6.02(a), (b) and (d) have
been duly satisfied and (ii)&#xA0;that the information set forth in
the Allocation Certificate delivered by Company in accordance with
Section&#xA0;5.19 is true and accurate in all respects as of the
Closing Date.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">(d)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline; color: #000000">Company
Material Adverse Effect</font><font style="color: #000000">.&#xA0;&#xA0;Since the date of this Agreement,
there will have been no change, occurrence or circumstance in the
business, results of operations or financial condition of Company
or any Subsidiary of Company having, individually or in the
aggregate, a Company Material Adverse Effect.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">(e)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline; color: #000000">FIRPTA
Certificate</font><font style="color: #000000">. Parent will have
received from Company applicable FIRPTA documentation, consisting
of (i) a notice to the IRS, in accordance with the requirements of
Section 1.897-2(h)(2) of the Treasury Regulations, dated as of the
Closing Date and executed by Company, together with written
authorization for Parent to deliver such notice form to the IRS on
behalf of Company after the Closing, and (ii) a FIRPTA Notification
Letter, in substantially the form of</font> <font style="font-weight: bold; text-decoration: underline; color: #000000">Exhibit
I</font> <font style="color: #000000">attached hereto, dated as of
the Closing Date and executed by Company.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">(f)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline; color: #000000">Allocation
Certificate</font><font style="color: #000000">.&#xA0;&#xA0;The
Chief Financial Officer of Company will have executed and delivered
to Parent the Allocation Certificate.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">(g)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline; color: #000000">Lock-up
Agreements</font><font style="color: #000000">. Subject to the last
sentence of Section 5.22, the Lock-up Agreements executed by each
of the Company Lock-up Signatories shall be in full force and
effect.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">(h)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline; color: #000000">Preferred
Stock Conversion</font><font style="color: #000000">. The Company
Preferred Stock shall have been converted into Company Common
Stock.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(i)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline; color: #000000">Dissenting
Shares</font><font style="color: #000000">. Less than 5% of the
shares of Company Capital Stock (on an as converted to Company
Common Stock basis) shall have exercised statutory appraisal rights
pursuant to Section 262 of the DGCL.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(j)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline; color: #000000">Company
Closing Cash</font><font style="color: #000000">. Company shall
have unencumbered, unrestricted cash on hand on the Closing, after
subtracting all outstanding liabilities computed in accordance with
GAAP, including without limitation, any outstanding indebtedness,
accounts payable, accrued expenses, Transaction Expenses,
severance, change of control or similar payments to employees, of
at least $2,000,000.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(k)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline; color: #000000">Payoff
Letters</font><font style="color: #000000">. Parent will have
received payoff letters in such forms as Parent shall reasonably
request with respect to the Indebtedness of the Company set forth
in Part 6.02 of the Company Disclosure Schedule, which Indebtedness
is accurately and completely described in Part 2.05(d) of the
Company Disclosure Schedule (each, a &#x201C;</font><font style="font-weight: bold; font-style: italic; color: #000000">Payoff
Letter</font><font style="color: #000000">&#x201D; and collectively,
the &#x201C;</font><font style="font-weight: bold; font-style: italic; color: #000000">Payoff
Letters</font><font style="color: #000000">&#x201D;), which Payoff
Letter shall in each case have been executed and delivered by the
obligee with respect to such Indebtedness, and shall have received
evidence satisfactory to it that the payments required to
extinguish the related Indebtedness have been made or will be made
in connection with the Closing.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<div id="ftr">
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<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">59</font></div>
</div>
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<div style="text-align: right; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 0px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
Section 6.03</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; text-decoration: underline; color: #000000">Additional
Conditions to Obligations of Company</font><font style="color: #000000">.&#xA0;&#xA0;The obligation of Company to effect
the Merger is also subject to the following
conditions:</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(a)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline; color: #000000">Representations
and Warranties</font><font style="color: #000000">.&#xA0;&#xA0;The
representations and warranties of Parent and Merger Sub (i) that
constitute Parent Fundamental Representations will be true and
correct in all respects on and as of the Closing Date, with the
same force and effect as if made on and as of the Closing Date,
except for those representations and warranties which address
matters only as of a particular date (which will remain true and
correct in all material respects as of such date) and (ii)
contained in this Agreement (other than the Parent Fundamental
Representatives) will be true and correct in all respects on and as
of the Closing Date, with the same force and effect as if made on
and as of the Closing Date (except for those representations and
warranties which address matters only as of a particular date, in
which case such representations and warranties shall be true and
correct as of such date), except for those inaccuracies that,
individually or in the aggregate, do not constitute and would not
reasonably be expected to constitute a Parent Material Adverse
Effect;</font> <font style="font-style: italic; color: #000000">provided</font><font style="color: #000000">,</font> <font style="font-style: italic; color: #000000">however</font><font style="color: #000000">, for purposes of this clause (ii), all
&#x201C;Parent Material Adverse Effect&#x201D; and other materiality
qualifications limiting the scope of the representations and
warranties of Parent and Merger Sub contained in this Agreement
will be disregarded.&#xA0;&#xA0;Company will have received a
certificate to such effect signed by an officer of each of Parent
and Merger Sub.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(b)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline; color: #000000">Agreements
and Covenants</font><font style="color: #000000">.&#xA0;&#xA0;Parent and Merger Sub will have
performed or complied with in all material respects its agreements
and covenants required by this Agreement to be performed or
complied with by them on or prior to the Effective
Time.&#xA0;&#xA0;Company will have received a certificate to such
effect signed by an officer of Parent.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">(c)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline; color: #000000">Parent
Material Adverse Effect</font><font style="color: #000000">.&#xA0;&#xA0;Since the date of this Agreement,
there will have been no change, occurrence or circumstance in the
business, results of operations or financial condition of Parent or
any Subsidiary of Parent having, individually or in the aggregate,
a Parent Material Adverse Effect, that is
continuing.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">(d)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline; color: #000000">Parent
Board of Directors and Officer Resignation
Letters</font><font style="color: #000000">.&#xA0;&#xA0;Company
will have received a duly executed copy of a resignation letter
from each of the resigning members of the board of directors of
Parent and each officer of Parent as contemplated by Section 5.11
and each of the Parent Subsidiaries, as applicable, pursuant to
which each such person will resign as a member of the board of
directors of Parent immediately following the Effective
Time.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(e)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline; color: #000000">Lock-up
Agreements</font><font style="color: #000000">. The Lock-up
Agreements executed by each of the Parent Lock-up Signatories shall
be in full force and effect.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<div id="ftr">
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<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">60</font></div>
</div>
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<div id="hdr">
<div style="text-align: right; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(f)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline; color: #000000">Parent
Legacy Business Disposition</font><font style="color: #000000">.
All conditions to the consummation of the Parent Legacy Business
Disposition shall have been satisfied, and the Parent shall have
consummated the Parent Legacy Business Disposition pursuant to the
Parent Asset Purchase Agreement and Section 5.26 substantially
simultaneously with the Closing of this
Agreement.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(g)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline; color: #000000">Parent
Cash</font><font style="color: #000000">. Parent shall have
unrestricted, unencumbered cash on hand on the Closing, after
subtracting all outstanding liabilities computed in accordance with
GAAP, including without limitation, any outstanding indebtedness,
accounts payable, accrued expenses, costs associated with
purchasing directors and officers tail policies pursuant to Section
5.06(c), Transaction Expenses, severance, change of control or
similar payments to employees, of at least
$2,500,000.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(h)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline; color: #000000">Employment
Agreements</font><font style="color: #000000">. Parent shall have
executed and delivered to Rodney Keller the employment agreement in
the form attached hereto as</font> <font style="font-weight: bold; text-decoration: underline; color: #000000">Exhibit
J-1</font> <font style="color: #000000">and such employment
agreement shall be in full force and effect as of the Effective
Time.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
<font style="color: #000000">ARTICLE
VII.</font></font>&#xA0;<br></font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">
TERMINATION</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 0px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
7.01</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; text-decoration: underline; color: #000000">Termination</font><font style="color: #000000">.&#xA0;&#xA0;This
Agreement may be terminated and the Merger may be abandoned, at any
time prior to the Effective Time, notwithstanding approval thereof
by the stockholders of Company and Parent:</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">(a)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">by
mutual written consent of Company and Parent duly authorized by
each of their respective boards of directors;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(b)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">by
either Parent or Company if the Merger has not been consummated by
the End Date (provided that the right to terminate this Agreement
under this Section 7.01(b) will not be available to any party whose
failure to fulfill any obligation under this Agreement has been a
primary cause of the failure of the Merger to occur on or before
such date);</font> <font style="font-style: italic; color: #000000">provided</font><font style="color: #000000">,</font> <font style="font-style: italic; color: #000000">however</font><font style="color: #000000">, in the event that the SEC has not concluded its
review of the S-4 Registration Statement by the date which is sixty
(60) days prior to the End Date, then either of Parent or the
Company shall be entitled to extend the End Date for an additional
sixty (60) days by providing written notice to the other
party;</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">(c)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">by
either Parent or Company if a court of competent jurisdiction or
governmental, regulatory or administrative agency or commission
will have issued a non-appealable final order, decree or ruling or
taken any other action, in each case having the effect of
permanently restraining, enjoining or otherwise prohibiting the
Merger;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(d)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">by
Parent if the Required Company Stockholder Vote shall not have been
obtained by the Company Vote Deadline;</font> <font style="font-style: italic; color: #000000">provided</font><font style="color: #000000">,</font> <font style="font-style: italic; color: #000000">however</font><font style="color: #000000">, that once the Required Company Stockholder Vote
has been obtained, Parent may not terminate this Agreement pursuant
to this Section 7.01(d);</font> <font style="font-style: italic; color: #000000">provided</font><font style="color: #000000">,</font> <font style="font-style: italic; color: #000000">further</font><font style="color: #000000">, that the right to terminate this Agreement under
this Section 7.01(d) will not be available if Parent&#x2019;s
failure to fulfill any obligation under this Agreement has been a
primary cause of the failure of the Required Company Stockholder
Vote to be obtained at or before such time;</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<div id="ftr">
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<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">61</font></div>
</div>
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<div style="text-align: right; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(e)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">by
either Parent or Company, if the Parent Stockholder&#x2019;s Meeting
shall have been held (subject to any adjournment or postponement
permitted by Section 5.03(a)) and the Parent Stockholder Approval
contemplated by this Agreement will not have been obtained thereat
(provided that the right to terminate this Agreement under this
Section 7.01(e) will not be available to any party whose failure to
fulfill any obligation under this Agreement has been a primary
cause of the failure of the Parent Stockholder Approval to be
obtained thereat);</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(f)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">by
Parent upon breach of any of the representations, warranties,
covenants or agreements on the part of Company set forth in this
Agreement, or if any representation or warranty of Company will
have become inaccurate, in either case such that the conditions set
forth in Section 6.02(a) or Section 6.02(b) would not be satisfied
as of the time of such breach or as of the time such representation
or warranty will have become inaccurate;</font> <font style="font-style: italic; color: #000000">provided</font><font style="color: #000000">,</font> <font style="font-style: italic; color: #000000">however</font><font style="color: #000000">, if such breach or inaccuracy is curable by
Company, then this Agreement will not terminate pursuant to this
Section 7.01(f) as a result of such particular breach or inaccuracy
unless the breach or inaccuracy remains uncured as of the tenth
(10th) Business Day following the date of written notice given by
Parent to Company of such breach or inaccuracy and its intention to
terminate the agreement pursuant to this Section 7.01(f);</font>
<font style="font-style: italic; color: #000000">provided</font><font style="color: #000000">,</font> <font style="font-style: italic; color: #000000">further</font> <font style="color: #000000">that no termination may be made pursuant to this
Section 7.01(f) solely as a result of the failure of Company to
obtain the Required Company Stockholder Vote (in which case such
termination must be made pursuant to Section
7.01(d));</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(g)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">by
Company upon breach of any of the representations, warranties,
covenants or agreements on the part of Parent or Merger Sub set
forth in this Agreement, or if any representation or warranty of
Parent or Merger Sub will have become inaccurate, in either case
such that the conditions set forth in Section 6.03(a) or Section
6.03(b) would not be satisfied as of the time of such breach or as
of the time such representation or warranty will have become
inaccurate;</font> <font style="font-style: italic; color: #000000">provided</font><font style="color: #000000">,</font> <font style="font-style: italic; color: #000000">however</font><font style="color: #000000">, if such breach or inaccuracy is curable by
Parent or Merger Sub, then this Agreement will not terminate
pursuant to this Section 7.01(g) as a result of such particular
breach or inaccuracy unless the breach or inaccuracy remains
uncured as of the tenth (10th) Business Day following the date of
written notice given by Company to Parent of such breach or
inaccuracy and its intention to terminate the agreement pursuant to
this Section 7.01(g);</font> <font style="font-style: italic; color: #000000">provided</font><font style="color: #000000">,</font> <font style="font-style: italic; color: #000000">further</font><font style="color: #000000">, that no termination may be made pursuant to this
Section 7.01(g) solely as a result of the failure of Parent to
obtain the Parent Stockholder Approval (in which case such
termination must be made pursuant to Section
7.01(e));</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(h)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">by
Parent if the Required Company Stockholder Vote shall not have been
obtained by the Company Vote Deadline;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(i)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">by
Company if the board of directors of Parent has effected a Parent
Change in Recommendation; and</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<div id="ftr">
<div style="text-align: left; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">62</font></div>
</div>
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<div style="text-align: right; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(j)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">by
Parent in connection with Parent entering into a definitive
agreement to effect a Parent Superior Offer.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 0px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
7.02</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; text-decoration: underline; color: #000000">Effect
of Termination</font><font style="color: #000000">.&#xA0;&#xA0;In
the event of the termination of this Agreement pursuant to Section
7.01, then this Agreement will forthwith become void and there will
be no liability on the part of any party hereto or any of its
Affiliates, directors, officers or stockholders except (i) as set
forth in Sections 7.03, and Article VIII hereof and (ii) for any
liability for any willful breach of any representation, warranty,
covenant or obligation contained in this Agreement (for purposes of
this Section 7.02, a &#x201C;willful breach&#x201D; is an act or
omission with the actual knowledge that such act or omission would
cause a breach of this Agreement).&#xA0;&#xA0;No termination of
this Agreement will affect the obligations of the parties contained
in the Confidentiality Agreement, all of which obligations will, in
addition to this Article VII and Article VIII, survive termination
of this Agreement in accordance with its terms.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 0px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
7.03</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; text-decoration: underline; color: #000000">Expenses;
Termination Fees</font><font style="color: #000000">.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(a)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Except
as set forth in this Section 7.03, Article VIII or specifically set
forth elsewhere in this Agreement, all Transaction Costs shall be
paid by the Party incurring such expenses, whether or not the
Merger is consummated.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(b)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">If
this Agreement is terminated (i) by Parent pursuant to Section
7.01(d) or (ii) by Parent pursuant to Section 7.01(h), then Company
shall pay to Parent an amount equal to $1,000,000 (the
&#x201C;</font><font style="font-weight: bold; font-style: italic; color: #000000">Termination
Fee</font><font style="color: #000000">&#x201D;), plus any amount
payable to Company pursuant to Section 7.03(e).</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(c)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">If
this Agreement is terminated (i) by Company pursuant to Section
7.01(i) or (ii) by Parent pursuant to Section 7.01(j), then Parent
shall pay to Company the Termination Fee, plus any amount payable
to Parent pursuant to Section 7.03(e).</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(d)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">If
(i) this Agreement is terminated by Parent or the Company pursuant
to Section 7.1(e), (ii) at any time after the date of this
Agreement and prior to the Parent Stockholders&#x2019; Meeting an
Acquisition Proposal with respect to Parent shall have been
publicly announced, disclosed or otherwise communicated to the
Parent board of directors (and shall not have been withdrawn) and
(iii) within twelve (12) months after the date of such termination,
Parent enters into a definitive agreement with respect to a
Subsequent Transaction or consummates a Subsequent Transaction,
then Parent shall pay to the Company, upon such entry into a
definitive agreement and/or consummation of a Subsequent
Transaction, the Termination Fee plus any amount payable to the
Company pursuant to Section 7.03(e).</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(e)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">If
either Party fails to pay when due any amount payable by it under
this Section 7.03, then (i) such Party shall reimburse the other
Party for reasonable costs and expenses (including reasonable fees
and disbursements of counsel) incurred in connection with the
collection of such overdue amount and the enforcement by the other
Party of its rights under this Section 7.03 and (ii) such Party
shall pay to the other Party interest on such overdue amount (for
the period commencing as of the date such overdue amount was
originally required to be paid and ending on the date such overdue
amount is actually paid to the other Party in full) at a rate per
annum equal to the &#x201C;prime rate&#x201D; (as announced by Bank
of America or any successor thereto) in effect on the date such
overdue amount was originally required to be paid plus three
percent.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<div style="text-align: left; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">63</font></div>
</div>
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<div style="text-align: right; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
<font style="color: #000000">ARTICLE
VIII.</font></font>&#xA0;<br></font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold"><font style="font-family: Times New Roman; font-size: 13px">MISCELLANEOUS</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 0px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
Section 8.01</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; text-decoration: underline; color: #000000">Notices</font><font style="color: #000000">.&#xA0;&#xA0;Any
notice or other communication required or permitted to be delivered
to any party under this Agreement will be in writing and will be
deemed properly delivered, given and received:&#xA0;&#xA0;(a) if
delivered by hand, when delivered; (b) if sent on a Business Day by
email before 11:59 p.m. (recipient&#x2019;s time), when transmitted;
(c) if sent by email on a day other than a Business Day, or if sent
by email after 11:59 p.m. (recipient&#x2019;s time), on the Business
Day following the date when transmitted; (d) if sent by registered,
certified or first class mail, the third Business Day after being
sent; and (e) if sent by overnight delivery via a national courier
service, one Business Day after being sent, in each case to the
address set forth beneath the name of such party below (or to such
other address as such party shall have specified in a written
notice given to the other parties hereto):</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(a)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">If
to Company:</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 144px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Ayro,
Inc.</font></div>
<div style="text-align: left; margin-left: 144px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">900
E. Old Settlers Boulevard, Suite 100</font></div>
<div style="text-align: left; margin-left: 144px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Round
Rock, TX 78664</font></div>
<div style="text-align: left; margin-left: 144px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Attention:
Rodney Keller and Curtis Smith</font></div>
<div style="text-align: left; margin-left: 144px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">E-Mail:
rod.keller@ayro.com and curt.smith@ayro.com</font></div>
<div style="text-align: left; margin-left: 144px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 144px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">With
a copy to:</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 144px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Haynes
and Boone, LLP</font></div>
<div style="text-align: left; margin-left: 144px; margin-right: 0px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px">30
Rockefeller Plaza</font></div>
<div style="text-align: left; margin-left: 144px; margin-right: 0px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px">26th
Floor</font></div>
<div style="text-align: left; margin-left: 144px; margin-right: 0px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px">New
York, NY 10112</font></div>
<div style="text-align: left; margin-left: 144px; text-indent: 0px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">Attn.:&#xA0; Rick
A. Werner</font></div>
<div style="text-align: left; margin-left: 144px; text-indent: 0px; margin-right: 0px;"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
Greg Kramer</font></div>
<div style="text-align: left; margin-left: 144px; margin-right: 0px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px">E-Mail:&#xA0;rick.werner@haynesboone.com</font></div>
<div style="text-align: left; margin-left: 144px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
greg.kramer@haynesboone.com</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(b)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">If
to Parent and Merger Sub:</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 144px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">DropCar,
Inc.</font></div>
<div style="text-align: left; margin-left: 144px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">1412
Broadway, Suite 2105</font></div>
<div style="text-align: left; margin-left: 144px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">New
York, New York 10018</font></div>
<div style="text-align: left; margin-left: 144px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Attention:
Chairman of the Board of Directors</font></div>
<div style="text-align: left; margin-left: 144px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Email:
jsilverman@parkfieldfund.com</font></div>
<div style="text-align: left; margin-left: 144px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 144px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">With
a copy to:</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 144px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Mintz,
Levin, Cohn, Ferris, Glovsky and Popeo, P.C.</font></div>
<div style="text-align: left; margin-left: 144px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">666
Third Avenue</font></div>
<div style="text-align: left; margin-left: 144px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">New
York, NY 10017</font></div>
<div style="text-align: left; margin-left: 144px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Attn:
Kenneth R. Koch</font></div>
<div style="text-align: left; margin-left: 144px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
Daniel A. Bagliebter</font></div>
<div style="text-align: left; margin-left: 144px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Email:
krkoch@mintz.com</font></div>
<div style="text-align: left; margin-left: 144px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
dabagliebter@mintz.com</font></div>
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</div>
</div>
<div style="text-align: left; margin-left: 96px; margin-right: 0px; text-indent: -48px">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 0px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">Section
8.02</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; text-decoration: underline; color: #000000">Amendment</font><font style="color: #000000">.&#xA0;&#xA0;This
Agreement may be amended by the parties hereto by action taken by
or on behalf of their respective boards of directors at any time
prior to the Effective Time;</font> <font style="font-style: italic; color: #000000">provided</font><font style="color: #000000">,</font> <font style="font-style: italic; color: #000000">however</font><font style="color: #000000">, that, after approval of the Merger by the
Required Company Stockholder Vote or the Parent Stockholder
Approval, as applicable, no amendment may be made which by Legal
Requirements requires further approval by such stockholders without
such further approval.&#xA0;&#xA0;This Agreement may not be amended
except by an instrument in writing signed by the parties
hereto.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 0px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">Section
8.03</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; text-decoration: underline; color: #000000">Headings</font><font style="color: #000000">.&#xA0;&#xA0;The
headings contained in this Agreement are for reference purposes
only and will not affect in any way the meaning or interpretation
of this Agreement.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 0px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">Section
8.04</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; text-decoration: underline; color: #000000">Severability</font><font style="color: #000000">.&#xA0;&#xA0;If
any term or other provision of this Agreement is invalid, illegal
or incapable of being enforced by any rule of law, or public
policy, all other conditions and provisions of this Agreement will
nevertheless remain in full force and effect so long as the
economic or legal substance of the Transactions is not affected in
any manner adverse to any party.&#xA0;&#xA0;Upon such determination
that any term or other provision is invalid, illegal or incapable
of being enforced, the parties hereto will negotiate in good faith
to modify this Agreement so as to effect the original intent of the
parties as closely as possible in an acceptable manner to the end
that Transactions are fulfilled to the extent
possible.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 0px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">Section
8.05</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; text-decoration: underline; color: #000000">Entire
Agreement</font><font style="color: #000000">.&#xA0;&#xA0;This
Agreement constitutes the entire agreement and supersedes all prior
agreements and undertakings (other than the Confidentiality
Agreement), both written and oral, among the parties, or any of
them, with respect to the subject matter hereof and, except as
otherwise expressly provided herein, is not intended to confer upon
any other person any rights or remedies
hereunder.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 0px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">Section
8.06</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; text-decoration: underline; color: #000000">Successors
and Assigns</font><font style="color: #000000">.&#xA0;&#xA0;This
Agreement will be binding upon:&#xA0;(a) Company and its successors
and assigns (if any); (b) Parent and its successors and assigns (if
any); and (c) Merger Sub and its successors and assigns (if any).
No party may assign this Agreement or any of its rights, interests
or obligations hereunder without the prior written approval of the
other parties hereto.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 0px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">Section
8.07</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; text-decoration: underline; color: #000000">Parties
In Interest</font><font style="color: #000000">.&#xA0;&#xA0;This
Agreement will be binding upon and inure solely to the benefit of
each party hereto, and nothing in this Agreement, expressed or
implied, is intended to or will confer upon any other person any
right, benefit or remedy of any nature whatsoever under or by
reason of this Agreement, other than Section 5.06 (which is
intended to be for the benefit of the parties indemnified thereby
and may be enforced by such parties).</font></font></div>
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</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 0px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">Section
8.08</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; text-decoration: underline; color: #000000">Waiver</font><font style="color: #000000">.&#xA0;&#xA0;No
failure or delay on the part of any party hereto in the exercise of
any right hereunder will impair such right or be construed to be a
waiver of, or acquiescence in, any breach of any representation,
warranty or agreement herein, nor will any single or partial
exercise of any such right preclude other or further exercise
thereof or of any other right.&#xA0;&#xA0;At any time prior to the
Effective Time, any party hereto may, with respect to any other
party hereto, (a) extend the time for the performance of any of the
obligations or other acts, (b) waive any inaccuracies in the
representations and warranties contained herein or in any document
delivered pursuant hereto and (c) waive compliance with any of the
agreements or conditions contained herein.&#xA0;&#xA0;Any such
extension or waiver will be valid if set forth in an instrument in
writing signed by the party or parties to be
bound.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 0px">Section
8.09<font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold"><font style="text-decoration: underline">Remedies Cumulative; Specific
Performance</font></font><font style="color: #000000">.&#xA0;&#xA0;All rights and remedies existing
under this Agreement are cumulative to, and not exclusive of, any
rights or remedies otherwise available.&#xA0;&#xA0;Each party to
this Agreement agrees that, in the event of any breach or
threatened breach by the other party of any covenant, obligation or
other provision set forth in this Agreement:&#xA0;(a) such party
will be entitled, without any proof of actual damages (and in
addition to any other remedy that may be available to it)
to:&#xA0;(i) a decree or order of specific performance or mandamus
to enforce the observance and performance of such covenant,
obligation or other provision; and (ii) an injunction restraining
such breach or threatened breach; and (b) such party will not be
required to provide any bond or other security in connection with
any such decree, order or injunction or in connection with any
related action or Legal Proceeding.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 0px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
8.10</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; text-decoration: underline; color: #000000">Governing
Law; Venue; Waiver of Jury Trial</font><font style="color: #000000">.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(a)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">This
Agreement will be governed by, and construed in accordance with,
the laws of the State of New York, regardless of the laws that
might otherwise govern under applicable principles of conflicts of
laws thereof.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(b)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Any
action, suit or other Legal Proceeding relating to this Agreement
or the enforcement of any provision of this Agreement will be
brought or otherwise commenced exclusively in the state and federal
courts sitting in the City of New York, Borough of
Manhattan.&#xA0;&#xA0;Each party to this Agreement:&#xA0;(i)
expressly and irrevocably consents and submits to the exclusive
jurisdiction of such court (and each appellate court therefrom) in
connection with any such action, suit or Legal Proceeding; (ii)
agrees that such court will be deemed to be a convenient forum and
(iii) agrees not to assert (by way of motion, as a defense or
otherwise), in any such action, suit or Legal Proceeding commenced
in any such court, any claim that such party is not subject
personally to the jurisdiction of such court, that such action,
suit or Legal Proceeding has been brought in an inconvenient forum,
that the venue of such action, suit or other Legal Proceeding is
improper or that this Agreement or the subject matter of this
Agreement may not be enforced in or by such court.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(c)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">EACH
OF THE PARTIES HERETO HEREBY IRREVOCABLY WAIVES, TO THE EXTENT
PERMITTED BY APPLICABLE LEGAL REQUIREMENTS, ANY AND ALL RIGHT TO
TRIAL BY JURY IN ANY ACTION, SUIT OR OTHER LEGAL PROCEEDING ARISING
OUT OF OR RELATED TO THIS AGREEMENT OR THE
TRANSACTIONS.</font></div>
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</div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 0px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">Section
8.11</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; text-decoration: underline; color: #000000">Counterparts
and Exchanges by Electronic Transmission or
Facsimile</font><font style="color: #000000">.&#xA0;&#xA0;This
Agreement may be executed in one or more counterparts, and by the
different parties hereto in separate counterparts and by facsimile
or electronic (i.e., PDF) transmission, each of which when executed
will be deemed to be an original but all of which taken together
will constitute one and the same agreement.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 0px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">Section
8.12</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; text-decoration: underline; color: #000000">Attorney
Fees</font><font style="color: #000000">.&#xA0;&#xA0;In any action
at law or suit in equity to enforce this Agreement or the rights of
any of the parties hereunder, the prevailing party in such action
or suit will be entitled to receive a reasonable sum for its
attorneys&#x2019; fees and all other reasonable costs and expenses
incurred in such action or suit.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 0px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">Section
8.13</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; text-decoration: underline; color: #000000">Cooperation</font><font style="color: #000000">.&#xA0;&#xA0;In
further of, and not in limitation of, any other provision of this
Agreement, each party hereto agrees to cooperate fully with the
other parties hereto and to execute and deliver such further
documents, certificates, agreements and instruments and to take
such other actions as may be reasonably requested by the other
parties hereto to evidence or reflect the Transactions and to carry
out the intent and purposes of this Agreement.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 0px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
8.14</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; text-decoration: underline; color: #000000">Non-Survival
of Representations, Warranties</font><font style="color: #000000">.
The representations and warranties of the Company, Parent and
Merger Sub contained in this Agreement or any certificate or
instrument delivered pursuant to this Agreement shall terminate at
the Effective Time, and only the covenants that by their terms
survive the Effective Time and this Article VIII shall survive the
Effective Time.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 0px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
8.15</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; text-decoration: underline; color: #000000">Construction</font><font style="color: #000000">.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(a)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">References
to &#x201C;cash,&#x201D; &#x201C;dollars&#x201D; or &#x201C;$&#x201D; are
to U.S. dollars.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">(b)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">For
purposes of this Agreement, whenever the context requires:&#xA0;the
singular number will include the plural, and vice versa; the
masculine gender will include the feminine and neuter genders; the
feminine gender will include the masculine and neuter genders; and
the neuter gender will include masculine and feminine
genders.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">(c)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">The
parties hereto agree that any rule of construction to the effect
that ambiguities are to be resolved against the drafting party will
not be applied in the construction or interpretation of this
Agreement.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">(d)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">As
used in this Agreement, the words &#x201C;include&#x201D; and
&#x201C;including,&#x201D; and variations thereof, will not be deemed
to be terms of limitation, but rather will be deemed to be followed
by the words &#x201C;without limitation.&#x201D;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font><font style="color: rgb(0, 0, 0); font-family: Times New Roman; font-size: 13px;">(e)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Except
as otherwise indicated, all references in this Agreement to
&#x201C;Sections,&#x201D; &#x201C;Exhibits&#x201D; and
&#x201C;Schedules&#x201D; are intended to refer to Sections of this
Agreement and Exhibits or Schedules to this Agreement.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(f)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Any
reference to legislation or to any provision of any legislation
shall include any modification, amendment, re-enactment thereof,
any legislative provision substituted therefore and all rules,
regulations, and statutory instruments issued or related to such
legislations.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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</div>
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<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(g)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">The
term &#x201C;</font><font style="font-weight: bold; font-style: italic; color: #000000">knowledge
of Company</font><font style="color: #000000">&#x201D;, and all
variations thereof, will mean the actual knowledge of Rodney Keller
and Curtis Smith, and the knowledge such persons would reasonably
be expected to have after making reasonable inquiry of their direct
reports who are responsible for the subject matter of the
particular representation or warranty.&#xA0;&#xA0;The term
&#x201C;</font><font style="font-weight: bold; font-style: italic; color: #000000">knowledge
of Parent</font><font style="color: #000000">&#x201D;, and all
variations thereof, will mean the actual knowledge of Spencer
Richardson, David Newman and Joshua Silverman, and the knowledge
such persons would reasonably be expected to have after making
reasonable inquiry of their direct reports who are responsible for
the subject matter of the particular representation or
warranty.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(h)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Whenever
the last day for the exercise of any privilege or the discharge of
any duty hereunder shall fall upon a Saturday, Sunday, or any date
on which banks in New York, New York are authorized or obligated by
Legal Requirements to be closed, the Party having such privilege or
duty may exercise such privilege or discharge such duty on the next
succeeding day which is a regular Business Day.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">[Signature
Page Follows]</font></div>
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<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
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<tr style="background-color: #ffffff">
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<br></div>
</td>
</tr></table>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">68</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">
IN WITNESS WHEREOF</font>, the undersigned parties have caused this
Agreement to be executed as of the date first written
above.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 480px;">
<table cellpadding="0" cellspacing="0" style="width: 100%; font-family: Times New Roman; font-size: 13px">
<tr>
<td style="vertical-align: middle; width: 4%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: middle; width: 1%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: middle; width: 95%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr><tr>
<td colspan="3" style="vertical-align: bottom; width: 100%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
DROPCAR, INC.</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 4%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 1%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: bottom; width: 95%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 4%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">By:</font></div>
</td>
<td style="vertical-align: top; width: 1%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: bottom; width: 95%; border-bottom: 2px solid #000000">
<div><font>/s/ Joshua Silverman<br></font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 4%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Name:</font></div>
</td>
<td style="vertical-align: top; width: 1%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: bottom; width: 95%; border-bottom: 2px solid #000000">
<div><font>Joshua Silverman<br></font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 4%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Title:</font></div>
</td>
<td style="vertical-align: top; width: 1%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: bottom; width: 95%; border-bottom: 2px solid #000000">
<div><font>Chairman of the Board<br></font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 4%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 1%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 95%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr><tr>
<td colspan="3" style="vertical-align: bottom; width: 100%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
ABC MERGER SUB, INC.</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 4%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 1%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: bottom; width: 95%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 4%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">By:</font></div>
</td>
<td style="vertical-align: top; width: 1%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: bottom; width: 95%; border-bottom: 2px solid #000000">
<div><font>/s/ Joshua Silverman<br></font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 4%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Name:</font></div>
</td>
<td style="vertical-align: top; width: 1%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: bottom; width: 95%; border-bottom: 2px solid #000000">
<div><font>Joshua Silverman<br></font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 4%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Title:</font></div>
</td>
<td style="vertical-align: top; width: 1%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: bottom; width: 95%; border-bottom: 2px solid #000000">
<div><font>Chairman of the Board<br></font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 4%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 1%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 95%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr><tr>
<td colspan="3" style="vertical-align: bottom; width: 100%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
AYRO, INC.</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 4%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 1%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: bottom; width: 95%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 4%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">By:</font></div>
</td>
<td style="vertical-align: top; width: 1%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: bottom; width: 95%; border-bottom: 2px solid #000000">
<div><font style="font-family: Times New Roman; font-size: 13px">/s/ Rod C. Keller
Jr.<br></font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 4%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Name:</font></div>
</td>
<td style="vertical-align: top; width: 1%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: bottom; width: 95%; border-bottom: 2px solid #000000">
<div><font style="font-family: Times New Roman; font-size: 13px">Rod
Keller<br></font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 4%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Title:</font></div>
</td>
<td style="vertical-align: top; width: 1%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: bottom; width: 95%; border-bottom: 2px solid #000000">
<div><font style="font-family: Times New Roman; font-size: 13px">Chief Executive
Officer<br></font></div>
</td>
</tr></table>
</div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-style: italic; font-family: Times New Roman; font-size: 13px">
[Signature Page to Agreement and Plan of Merger and
Reorganization]</font></div>
<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px">
<div>
<table cellpadding="0" cellspacing="0" style="width: 100%; font-family: Times New Roman; font-size: 13px">
<tr style="background-color: #ffffff">
<td style="vertical-align: top; width: 100%">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px">
<br></div>
</td>
</tr></table>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">69</font></div>
</div>
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<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
EXHIBIT A</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
CERTAIN DEFINITIONS</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">For
purposes of the Agreement (including this <font style="font-weight: bold; text-decoration: underline">Exhibit
A</font>):</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Acquired
Companies</font>&#x201D; mean Company and its direct and indirect
Subsidiaries.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Acquiring
Companies</font>&#x201D; mean Parent and its direct and indirect
Subsidiaries.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Acquisition
Inquiry</font>&#x201D; means, with respect to a Party, an inquiry,
indication of interest or request for information (other than an
inquiry, indication of interest or request for information made or
submitted by the Company, on the one hand, or Parent, on the other
hand, to the other Party) that would reasonably be expected to lead
to an Acquisition Proposal.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Acquisition
Proposal</font>&#x201D; means any offer, proposal or indication of
interest contemplating or which would reasonably be interpreted to
be lead to the contemplation of an Acquisition
Transaction.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Acquisition
Transaction</font>&#x201D; means any transaction or series of
transactions involving:</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 48px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">(a)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
any merger, consolidation, amalgamation, share exchange, business
combination, issuance of securities, acquisition of securities,
tender offer, exchange offer or other similar transaction (i) in
which Company (or its Subsidiaries) or Parent (or its Subsidiaries)
is a constituent corporation, (ii) in which a Person or
&#x201C;group&#x201D; (as defined in the Exchange Act and the rules
promulgated thereunder) of Persons directly or indirectly acquires
beneficial or record ownership of securities representing more than
20% of the outstanding securities of any class of voting securities
of Company (or its Subsidiaries) or Parent (or its Subsidiaries),
or (iii) in which Company (or its Subsidiaries) or Parent (or its
Subsidiaries) issues securities representing more than 20% of the
outstanding securities of any class of voting securities of any
such Entity (other than as contemplated under this
Agreement);</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 48px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">(b)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
any sale, lease, exchange, transfer, license, acquisition or
disposition of any business or businesses or assets that constitute
or account for 20% or more of the consolidated net revenues, net
income or assets of Company (or its Subsidiaries) or Parent (or its
Subsidiaries); or</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 48px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">(c)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
any liquidation or dissolution of any of Company (or its
Subsidiaries) or Parent (or its Subsidiaries).</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Affiliates</font>&#x201D;
mean, with respect to any Person, any other Person which directly
or indirectly controls, is controlled by or is under common control
with such Person.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Business
Day</font>&#x201D; means a day other than a Saturday, Sunday or
other day on which banks located in New York, New York are
authorized or required by applicable Legal Requirements to
close.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
</div>
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<div id="hdr">
<div style="text-align: right; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">COBRA</font>&#x201D;
means the health care continuation and notice provisions of the
Consolidated Omnibus Budget Reconciliation Act of 1985 and the
regulations thereunder or any state Legal Requirement governing
health care coverage extension or continuation.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Company
Capital Stock</font>&#x201D; means the Company Common Stock and the
Company Preferred Stock.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Company
Common Stock</font>&#x201D; means the Common Stock of the Company,
par value $0.001 per share.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Company
Disclosure Schedule</font>&#x201D; means the disclosure schedule in
agreed form that has been delivered by Company to Parent on the
date of this Agreement.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Company
Fundamental Representations</font>&#x201D; means the representations
and warranties of the Company set forth in Sections&#xA0;2.01
(Organization and Qualification; Charter Documents), 2.02 (Capital
Structure), 2.03 (Authority; Non-Contravention; Approvals), and
2.11 (Brokers&#x2019; and Finders&#x2019; Fees).</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Company
IP Rights</font>&#x201D; mean all IP Rights owned solely or co-owned
by an Acquired Company or in which an Acquired Company has any
right, title or interest and which are used by an Acquired Company
in the ordinary course of its business.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Company
Lock-up Agreement Signatories</font>&#x201D; means those Persons set
forth on <font style="font-weight: bold; text-decoration: underline">Schedule A</font>
identified as Company Lock-up Agreement Signatories.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Company
Material Adverse Effect</font>&#x201D; means any effect, change,
event or circumstance (an &#x201C;<font style="font-weight: bold; font-style: italic">Effect</font>&#x201D;) that
(a) has or would reasonably be expected to have a material adverse
effect on the business, financial condition, operations or results
of operations of the Acquired Companies taken as a whole;
<font style="font-style: italic">provided</font>, <font style="font-style: italic">however</font>, that, in no event will any of
the following, alone or in combination, be deemed to constitute,
nor shall any of the following be taken into account in determining
whether there has occurred, a Company Material Adverse
Effect:&#xA0;&#xA0;Effects resulting from (i) conditions generally
affecting the industries in which the Acquired Companies operate
(ii) changes generally affecting the United States or global
economy or capital markets as a whole; (iii) any natural disaster
or any acts of terrorism, sabotage, military action or war or any
escalation or worsening thereof; or (iv) any changes (after the
date of this Agreement) in GAAP or applicable Legal Requirements,
and with respect to items (i) - (iv), only to the extent that,
individually or in the aggregate, such Effects do not have a
disproportionate impact on the Acquired Companies taken as a whole;
or (b) prevents the Company from consummating the
Merger.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Company
Option</font>&#x201D; means an option to purchase shares of Company
Capital Stock.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Company
Option Plan</font>&#x201D; means the AYRO, Inc. 2017 Long Term
Incentive Plan as established and maintained by the
Company.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Company
Pre-Closing Financing</font>&#x201D; means an acquisition of Company
Common Stock to be consummated prior to the Closing with aggregate
gross cash proceeds to the Company of at least
$2,000,000.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<div id="ftr">
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</div>
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<div style="text-align: right; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Company
Preferred Stock</font>&#x201D; means the Company&#x2019;s Preferred
Stock, $0.001 par value per share.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Company
Stockholders</font>&#x201D; mean the holders of Company Capital
Stock issued and outstanding immediately prior to the Effective
Time.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Company
Superior Offer</font>&#x201D; means an unsolicited, bona fide
written Acquisition Proposal (with all references to 20% in the
definition of Acquisition Proposal being treated as references to
50% for these purposes) made by a third party that (a) was not
obtained or made as a direct or indirect result of a breach of (or
in violation of) this Agreement and (b) the terms of which the
board of directors of Company determines, in its reasonable
judgment after consulting in good faith with an independent
financial advisor and its outside legal counsel, to be more
favorable to its stockholders from a financial point of view than
the terms of the Merger, as well as the likelihood of the
consummation thereof, which consideration shall include whether any
financing is or may be required to consummate the transaction
contemplated by such proposal, and whether such financing is
committed and is reasonably capable of being obtained by the
applicable offeror.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Company
Voting Agreement Signatories</font>&#x201D; means those Persons set
forth on <font style="font-weight: bold; text-decoration: underline">Schedule B</font>
identified as Company Voting Agreement Signatories.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Company
Warrant</font>&#x201D; means a warrant to purchase shares of Company
Capital Stock.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Consent</font>&#x201D;
means any approval, consent, ratification, permission, waiver or
authorization.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Contract</font>&#x201D;
means any written agreement, contract, subcontract, lease,
understanding, arrangement, instrument, note, option, warranty,
purchase Order, license, sublicense, insurance policy, benefit plan
or legally binding commitment or undertaking of any
nature.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Copyrights</font>&#x201D;
mean all copyrights and copyrightable works (including without
limitation databases and other compilations of information, mask
works and semiconductor chip rights), including all rights of
authorship, use, publication, reproduction, distribution,
performance, transformation, moral rights and rights of ownership
of copyrightable works and all registrations and rights to register
and obtain renewals and extensions of registrations, together with
all other interests accruing by reason of international
copyright.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Employee
Benefit Plan</font>&#x201D; means each plan, program, policy,
contract, agreement or other arrangement providing for retirement,
pension, deferred compensation, severance, separation pay,
relocation benefits, termination pay, performance awards, bonus
compensation, incentive compensation, stock option, stock purchase,
stock bonus, phantom stock, stock appreciation right, supplemental
retirement, profit sharing, fringe benefits, cafeteria benefits,
medical benefits, life insurance, disability benefits, accident
benefits, salary continuation, accrued leave, vacation, sabbatical,
sick pay, sick leave, or other employee benefits, whether written
or unwritten, including each &#x201C;voluntary employees&#x2019;
beneficiary association&#x201D; under Section 501(c)(9) of the Code
and each &#x201C;employee benefit plan&#x201D; within the meaning of
Section 3(3) of ERISA, in each case, for active, retired or former
employees, directors or consultants.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Encumbrance</font>&#x201D;
means any lien, pledge, hypothecation, charge, mortgage, easement,
encroachment, imperfection of title, title exception, title defect,
right of possession, lease, tenancy license, security interest,
encumbrance, community property interest or restriction of any
nature (including any restriction on the voting of any security,
any restriction on the transfer of any security or other asset, any
restriction on the receipt of any income derived from any asset,
any restriction on the use of any asset and any restriction on the
possession, exercise or transfer of any other attribute of
ownership of any asset).&#xA0;&#xA0;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<div id="ftr">
<div style="text-align: left; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
</div>
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<div style="text-align: right; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">End
Date</font>&#x201D; means the date that is six (6) months after the
date of this Agreement.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Entity</font>&#x201D;
means any corporation (including any non-profit corporation),
general partnership, limited partnership, limited liability
partnership, joint venture, estate, trust, company (including any
company limited by shares, limited liability company or joint stock
company), firm, society or other enterprise, association,
organization or entity.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">ERISA</font>&#x201D;
means the Employee Retirement Income Security Act of 1974, as
amended.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">ERISA
Affiliate</font>&#x201D; means any trade or business (whether or not
incorporated) that is or at any relevant time was treated as a
single employer with any Person within the meaning of Section 414
of the Code.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Exchange
Ratio</font>&#x201D; means the following ratio (rounded to four
decimal places): the quotient obtained by dividing (a) the Company
Merger Shares by (b) the Company Outstanding Shares, in
which:</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 36px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-style: italic">Company Allocation Percentage</font>&#x201D;
means eighty percent (80.00%).</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 36px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-style: italic">Company Merger Shares</font>&#x201D; means the
product determined by multiplying (i) the Post-Closing Parent
Shares by (ii) the Company Allocation Percentage.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 36px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-style: italic">Company Outstanding Shares</font>&#x201D; means
the total number of shares of Company Common Stock issued and
outstanding immediately prior to the Effective Time and assuming,
without duplication, (i) the conversion of the Bridge Notes
immediately prior to the Effective Time (but excluding any warrants
issued in connection with the issuance of the Bridge Notes), (ii)
the consummation of the Company Pre-Closing Financing and the
issuance of all Company Capital Stock pursuant to the Company
Pre-Closing Financing Agreements immediately prior to the Effective
Time (but excluding any warrants (other than pre-funded warrants)
issued pursuant to th Pre-Closing Financing Areements); and (iii)
the issuance of all shares of Company Common Stock and the exercise
in full of all warrants issued pursuant to the Nominal Stock
Subscription Agreement.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 36px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-style: italic">Parent Allocation Percentage</font>&#x201D;
means twenty percent (20.00%).</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 36px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-style: italic">Post-Closing Parent Shares</font>&#x201D; means
the quotient determined by dividing (i) the Parent Outstanding
Shares by (ii) the Parent Allocation Percentage.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 36px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-style: italic">Parent Outstanding Shares</font>&#x201D; means
the total number of shares of Parent Common Stock outstanding
immediately prior to the Effective Time assuming, without
duplication, the full conversion of the Parent Series H-4 Preferred
Stock into 2,368,188 shares of Parent Common Stock immediately
prior to the Effective Time and the full conversion of the Parent
Series H-5 Preferred Stock into Parent Common Stock in accordance
with its terms (whether or not such shares of Parent Series H-5
Preferred Stock are actually converting into shares of Parent
Common Stock).</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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</div>
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</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Excluded
Contracts</font>&#x201D; means (i) any non-exclusive Contract
concerning &#x201C;off-the-shelf&#x201D; or similar computer software
that is available on commercially reasonable terms, (ii) standard
non-disclosure, confidentiality and material transfer Contracts
granting non-exclusive rights to IP Rights and entered into in the
Ordinary Course of Business, (iii) Contracts that have expired on
their own terms or were terminated and for which there are no
material outstanding obligations, and (v) purchase orders and
associated terms and conditions for which the underlying goods or
services have been delivered or received.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Governmental
Body</font>&#x201D; means any:&#xA0;&#xA0;(a) nation, state,
commonwealth, province, territory, county, municipality, district
or other jurisdiction of any nature; (b) federal, state, local,
municipal, foreign or other government; or (c) governmental or
quasi-governmental authority of any nature (including any
governmental division, regulatory agency, department, agency,
commission, instrumentality, official, ministry, fund, foundation,
center, organization, unit, body or Entity and any court or other
tribunal).</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">HSR
Act</font>&#x201D; means the Hart-Scott-Rodino Antitrust
Improvements Act of 1976, as amended.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Indebtedness</font>&#x201D;
means (i) all obligations for borrowed money and advancement of
funds; (ii) all obligations evidenced by notes, bonds, debentures
or similar instruments, contracts or arrangements (whether or not
convertible), (iii) all obligations for the deferred purchase price
of property or services (including any potential future earn-out,
purchase price adjustment, releases of &#x201C;holdbacks&#x201D; or
similar payments, but excluding any such obligations to the extent
there is cash being held by a third party in escrow exclusively for
purposes of satisfying such obligations) (&#x201C;<font style="font-weight: bold; font-style: italic">Deferred Purchase
Price</font>&#x201D;); (iv)&#xA0;all obligations arising out of any
financial hedging, swap or similar arrangements; (v)&#xA0;all
obligations as lessee that would be required to be capitalized in
accordance with GAAP, whether or not recorded; (vi)&#xA0;all
obligations in connection with any letter of credit, banker&#x2019;s
acceptance, guarantee, surety, performance or appeal bond, or
similar credit transaction; (vii)&#xA0;interest payable with
respect to Indebtedness referred to in clause&#xA0;(i) through
(vi), and (viii)&#xA0;the aggregate amount of all prepayment
premiums, penalties, breakage costs, &#x201C;make whole
amounts,&#x201D; costs, expenses and other payment obligations of
such Person that would arise (whether or not then due and payable)
if all such items under clauses (i)&#xA0;through (vii) were
prepaid, extinguished, unwound and settled in full as of such
specified date.&#xA0;&#xA0;For purposes of determining the Deferred
Purchase Price obligations as of a specified date, such obligations
shall be deemed to be the maximum amount of Deferred Purchase Price
owing as of such specified date (whether or not then due and
payable) or potentially owing at a future date.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">IP
Rights</font>&#x201D; mean any and all of the following in any
country or region:&#xA0;&#xA0;(a) Copyrights, Patent Rights,
Trademark Rights, domain name registrations, Trade Secrets, and
other intellectual property rights; and (b) the right (whether at
law, in equity, by Contract or otherwise) to enjoy or otherwise
exploit any of the foregoing, including the rights to sue for and
remedies against past, present and future infringements of any or
all of the foregoing, and rights of priority and protection of
interests therein under the Legal Requirements of any jurisdiction
worldwide.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Legal
Proceeding</font>&#x201D; means any action, suit, litigation,
arbitration, proceeding (including any civil, criminal,
administrative, investigative or appellate proceeding), hearing,
audit, examination or investigation commenced, brought, conducted
or heard by or before, or otherwise involving, any court or other
Governmental Body or any arbitrator or arbitration
panel.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Legal
Requirements</font>&#x201D; mean any federal, state, local,
municipal, foreign or other law, statute, constitution, controlling
principle of common law, resolution, ordinance, code, edict,
decree, rule, regulation, ruling or requirement issued, enacted,
adopted, promulgated, implemented or otherwise put into effect by
or under the authority of any Governmental Body.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<div id="ftr">
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</div>
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</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Lock-up
Agreement Signatories</font>&#x201D; means those Persons set forth
on <font style="font-weight: bold; text-decoration: underline">Schedule
A</font>.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Merger
Sub Common Stock</font>&#x201D; means the Common Stock, $0.001 par
value per share, of the Merger Sub.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Nasdaq</font>&#x201D;
means The Nasdaq Capital Market.</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10"><font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Nominal Stock Subscription
Agreement</font>&#x201D; means that certain Stock Subscription
Agreement of even date herewith by and among the Company and Alpha
Capital Anstalt.</font>&#xA0;<br></font></div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Order</font>&#x201D;
means any order, writ, injunction, judgment or decree.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Parent
Capital Stock</font>&#x201D; means Parent Common Stock and Parent
Preferred Stock.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Parent
Disclosure Schedule</font>&#x201D; means the disclosure schedule
that has been delivered by Parent to Company on the date of this
Agreement.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Parent
Fundamental Representations</font>&#x201D; means the representations
and warranties of the Company set forth in Sections 3.01
(Organization and Qualification), 3.02 (Capital Structure), 3.03
(Authority; Non-Contravention; Approvals), and 3.11 (Brokers&#x2019;
and Finders&#x2019; Fees).</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Parent
IP Rights</font>&#x201D; mean all IP Rights of the Parent or its
Subsidiaries.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Parent
Lock-up Agreement Signatories</font>&#x201D; means those Persons set
forth on <font style="font-weight: bold; text-decoration: underline">Schedule A</font>
identified as Parent Lock-up Agreement Signatories.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Parent
Voting Agreement Signatories</font>&#x201D; means those Persons set
forth on <font style="font-weight: bold; text-decoration: underline">Schedule B</font>
identified as Parent Voting Agreement Signatories.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Parent
Material Adverse Effect</font>&#x201D; means any Effect that,
considered together with all other Effects, (a) has a material
adverse effect on the business, financial condition, operations or
results of operations of Parent and its Subsidiaries taken as a
whole; <font style="font-style: italic">provided</font>,
<font style="font-style: italic">however</font>, that, in no event
will any of the following, alone or in combination, be deemed to
constitute, nor will any of the following be taken into account in
determining whether there has occurred, a Parent Material Adverse
Effect:&#xA0;&#xA0;Effects resulting (i) from conditions generally
affecting the industries in which Parent participates; (ii) changes
generally affecting the United States or global economy or capital
markets as a whole; (iii) changes in the trading price or trading
volume of Parent Common Stock (it being understood, however, that
any Effect causing or contributing to such changes in the trading
price or trading volume of Parent Common Stock may if not otherwise
to be disregarded pursuant to a different subclause of this
definition, constitute a Parent Material Adverse Effect and may be
taken into account in determining whether a Parent Material Adverse
Effect has occurred); (iv) any natural disaster or any acts of
terrorism, sabotage, military action or war or any escalation or
worsening thereof; (v) any changes (after the date of this
Agreement) in GAAP or applicable Legal Requirements, and with
respect to items (i), (ii), (iv) and (v), only to the extent that,
individually or in the aggregate, such Effects do not have a
disproportionate impact on the Acquired Companies taken as a whole;
(vi) changes resulting from the announcement or pendency of this
Agreement or the consummation of the Transactions or compliance
with the terms of this Agreement; (vii) any specific action taken
at the written request of the Company or expressly required by this
Agreement; (viii) continued losses from operations or decreases in
cash balances of any of the Acquiring Companies or on a
consolidated basis among the Acquiring Companies; or (b) prevents
Parent or Merger Sub from consummating the Merger.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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</div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Parent
Series H-4 Preferred Stock</font>&#x201D; means the Series H-4
Preferred Stock, par value $0.0001 per share, of
Parent.</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">

<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Parent
Series H-5 Preferred Stock</font>&#x201D; means the Series H-5
Preferred Stock, par value $0.0001 per share, of
Parent.</font></div>
</div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Parent
Stock Option Plan</font>&#x201D; means the Amended and Restated 2014
Equity Incentive Plan as amended and restated from time to
time.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Parent
Superior Offer</font>&#x201D; means an unsolicited, bona fide
written Acquisition Proposal (with all references to 20% in the
definition of Acquisition Proposal being treated as references to
50% for these purposes) made by a third party that (a) was not
obtained or made as a direct or indirect result of a breach of (or
in violation of) this Agreement and (b) the terms of which the
board of directors of Parent determines, in its reasonable judgment
after consulting in good faith with an independent financial
advisor and its outside legal counsel, to be more favorable to its
stockholders from a financial point of view than the terms of the
Merger, as well as the likelihood of the consummation thereof,
which consideration shall include whether any financing is or may
be required to consummate the transaction contemplated by such
proposal, and whether such financing is committed and is reasonably
capable of being obtained by the applicable offeror.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Parent
Transactions</font>&#x201D; means the Transactions and the Parent
Legacy Business Disposition.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-style: italic">
&#x201C;</font><font style="font-weight: bold; font-style: italic">Parent Unaudited Interim
Balance Sheet</font><font style="font-style: italic">&#x201D;</font><font style="font-weight: bold; font-style: italic">&#xA0;</font>means the
balance sheet included in Parent&#x2019;s Form 10-Q for the period
ended September 30, 2019.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Parent
Warrant</font>&#x201D; means any warrant to purchase shares of
Parent Capital Stock.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Patent
Rights</font>&#x201D; mean all issued patents, pending patent
applications and abandoned patents and patent applications provided
that they can be revived (which for purposes of this Agreement will
include utility models, design patents, industrial designs,
certificates of invention and applications for certificates of
invention and priority rights) in any country or region, including
all provisional applications, substitutions, continuations,
continuations-in-part, divisions, renewals, reissues,
re-examinations and extensions thereof.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Permitted
Encumbrances</font>&#x201D; means (i)&#xA0;Encumbrances for Taxes,
assessments or other governmental charges or levies not yet
delinquent or that are being contested in good faith by appropriate
Legal Proceedings or that may thereafter be paid without penalty;
(ii)&#xA0;statutory Encumbrances of landlords or lessors under
rental agreements for amounts not delinquent, (iii)
mechanics&#x2019;, carriers&#x2019;, warehousemen&#x2019;s,
workers&#x2019;, repairers&#x2019; and similar Encumbrances imposed
by applicable Law or arising or incurred in the ordinary course of
business consistent with past practice with respect to amounts not
yet due and payable or being contested in good faith by appropriate
Legal Proceedings; (iv)&#xA0;Encumbrances incurred or deposits made
in the ordinary course of business consistent with past practice in
connection with workers&#x2019; compensation, unemployment insurance
or other types of social security; and (v)&#xA0;licenses and other
similar rights granted and obligations incurred in the ordinary
course of business consistent with past practice that are not
material to the operation of the applicable business, (vi)
Encumbrances or encumbrances of record affecting any owned or
leased real property, any matters that would be disclosed by a
survey of any owned or leased real property and any zoning, land
use, covenants, conditions and restrictions or similar matters
affecting any owned or leased real property, in each case that
would not be reasonably likely to materially interfere with the
present use or occupancy of such real property.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<div id="ftr">
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</div>
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</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Person</font>&#x201D;
means any person, Entity, Governmental Body, or group (as defined
in Section 13(d)(3) of the Exchange Act).</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Personal
Data</font>&#x201D; means a natural person&#x2019;s name, street
address, telephone number, e-mail address, photograph, social
security number, driver&#x2019;s license number, passport number, or
any other piece of information that allows the identification of a
natural person.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Pre-Merger
Company Stockholders</font>&#x201D; means the record owners of the
outstanding Company Capital Stock immediately prior to the
Effective Date.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">A
party&#x2019;s &#x201C;<font style="font-weight: bold; font-style: italic">Representatives</font>&#x201D;
include each Person that is or becomes (a) a Subsidiary or other
controlled Affiliate of such party or (b) an officer, director,
employee, partner, attorney, advisor, accountant, agent or
representative of such party or of any such party&#x2019;s
Subsidiaries or other controlled Affiliates.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">SEC
Documents</font>&#x201D; mean each report, registration statement,
proxy statement and other statements, reports, schedules, forms and
other documents filed by Parent with the SEC since the Parent
Lookback Date, including all amendments thereto.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">An
Entity will be deemed to be a &#x201C;<font style="font-weight: bold; font-style: italic">Subsidiary</font>&#x201D; of
another Person if such Person directly or indirectly owns,
beneficially or of record, (a) an amount of voting securities of or
other interests in such Entity that is sufficient to enable such
Person to elect at least a majority of the members of such
Entity&#x2019;s board of directors or other governing body, or (b)
at least 50% of the outstanding equity or financial interests of
such Entity.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Subscription
Agreement</font>&#x201D; means the Subscription Agreement attached
hereto as <font style="font-weight: bold; text-decoration: underline">Exhibit C</font>,
among the Company and the Persons named therein, as amended or
modified from time to time, pursuant to which such Persons have
agreed to purchase the number of shares of Company Common Stock set
forth therein in connection with the Company Pre-Closing
Financing.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Subsequent
Transaction</font>&#x201D; shall mean any Acquisition Transaction
(with all references to 20% in the definition of Acquisition
Transaction being treated as references to 50% for these
purposes).</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Tax</font>&#x201D;
and &#x201C;<font style="font-weight: bold; font-style: italic">Taxes</font>&#x201D; mean
any federal, state, local, or non-U.S. income, gross receipts,
license, payroll, employment, excise, escheat, severance, stamp,
occupation, premium, windfall profits, customs duties, capital
stock, franchise, profits, withholding, social security (or
similar), unemployment, disability, real property, personal
property, sales, use, transfer, registration, value added,
alternative or add-on minimum, estimated, or other tax of any kind
whatsoever, including any interest, penalty, or addition thereto,
whether disputed or not and including any obligations to indemnify
or otherwise assume or succeed to the Tax liability of any other
Person.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Tax
Return</font>&#x201D; means any return, declaration, report, claim
for refund, or information return or statement relating to Taxes,
including any schedule or attachment thereto, and including any
amendment thereof.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Trade
Secrets</font>&#x201D; mean trade secrets, know-how, proprietary
information, inventions, discoveries, improvements, technology,
technical data and research and development, whether patentable or
not.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Trademark
Rights</font>&#x201D; mean all material common law trademarks,
registered trademarks, applications for registration of trademarks,
material common law service marks, registered service marks,
applications for registration of service marks, trade names,
registered trade names and applications for registration of trade
names, and Internet domain name registrations; and including all
filings with the applicable Governmental Body indicating an intent
to use any of the foregoing if not registered or subject to a
pending application.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Transaction
Costs</font>&#x201D; means the aggregate amount of costs and
expenses of a Person or any of its Subsidiaries incurred in
connection with the negotiation, preparation and execution of this
Agreement and the consummation of the Transactions, including (a)
any brokerage fees and commissions, finders&#x2019; fees or
financial advisory fees, any fees and expenses of counsel or
accountants payable by such Person or any of its Subsidiaries and
any transaction bonuses or similar items in connection with the
Transactions, (b) any bonus, severance, change-in-control payments
or similar payment obligations (including payments with
&#x201C;single-trigger&#x201D; provisions triggered at and as of the
consummation of the Transactions) that become due or payable to any
director, officer, employee or consultant of such Person in
connection with the consummation of the Transactions, (c) any
payments to third parties under any Contract to which such Person
or its Subsidiaries are a party triggered by the consummation of
the Transactions, or any payment or consideration arising under or
in relation to obtaining any consents, waivers or approvals of any
third party under any Contract to which such Person or its
Subsidiaries are a party required to be obtained in connection with
the consummation of the Transactions in order for any such Contract
to remain in full force and effect following the Closing or
resulting from agreed-upon modification or early termination of any
such Contract, in each case with respect to the foregoing matters
(a)-(c), to the extent unpaid; <font style="font-style: italic">provided</font>, Parent and Company shall
share equally all out of pocket costs and expenses, other than
attorneys&#x2019;, accountants&#x2019; and other similar service
provider&#x2019;s fees and expenses, incurred in relation to (A) the
filings by the Parties under any filing requirement under the HSR
Act and any foreign antitrust Legal Requirement applicable to this
Agreement and the Transactions; (B) the filing with the SEC of the
preliminary and definitive Proxy Statement (including any financial
statements and exhibits), including printer fees, and any
amendments or supplements thereto, and the printing and delivery of
such documents to the Parties&#x2019; stockholders; and (C) any fees
incurred in connection with obtaining Nasdaq approval for the
merger, the name and ticker symbol changes, and the listing of the
shares of Parent Common Stock to be issued, to the extent
contemplated by this Agreement.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Voting
Agreement Signatories</font>&#x201D; means those Persons set forth
on <font style="font-weight: bold; text-decoration: underline">Schedule
B</font>.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px">
<div>
<table cellpadding="0" cellspacing="0" style="width: 100%; font-family: Times New Roman; font-size: 13px">
<tr style="background-color: #ffffff">
<td style="vertical-align: top; width: 100%">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px">
<br></div>
</td>
</tr></table>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px"><br></font></div>
</div>
<div id="pb" style="text-align: center; page-break-after: always; margin-left: 0px; margin-right: 0px; margin-bottom: 6px; width: 100%; height: 1px; background-color: #000000">
<!--page break--></div>
<div id="hdr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Additionally,
the following terms have the meanings assigned to such terms in the
Sections of this Agreement set forth below opposite such
term:</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div>
<table cellpadding="0" cellspacing="0" style="width: 100%; font-family: Times New Roman; font-size: 13px">
<tr>
<td style="vertical-align: top; width: 59%; border-bottom: 2px solid #000000">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
Defined Word</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px; width: 100%; border-bottom: solid 1px #000000">
<!--Rule Below Paragraph--></div>
</td>
<td style="vertical-align: top; width: 41%; border-bottom: 2px solid #000000">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
Section of Agreement</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px; width: 100%; border-bottom: solid 1px #000000">
<!--Rule Below Paragraph--></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 59%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Acquired
Companies</font>&#x201D;</font></div>
</td>
<td style="vertical-align: top; width: 41%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Exhibit
A</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 59%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Acquiring
Companies</font>&#x201D;</font></div>
</td>
<td style="vertical-align: top; width: 41%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Exhibit
A</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 59%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Acquisition
Inquiry</font>&#x201D;</font></div>
</td>
<td style="vertical-align: top; width: 41%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Exhibit
A</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 59%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Acquisition
Proposal</font>&#x201D;</font></div>
</td>
<td style="vertical-align: top; width: 41%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Exhibit
A</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 59%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Acquisition
Transaction</font>&#x201D;</font></div>
</td>
<td style="vertical-align: top; width: 41%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Exhibit
A</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 59%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Affiliates</font>&#x201D;</font></div>
</td>
<td style="vertical-align: top; width: 41%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Exhibit
A</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 59%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Agreement</font>&#x201D;</font></div>
</td>
<td style="vertical-align: top; width: 41%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Preamble</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 59%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Allocation
Certificate</font>&#x201D;</font></div>
</div>
</td>
<td style="vertical-align: top; width: 41%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">

<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Section
5.17</font></div>
</div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 59%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Antitrust
Laws</font>&#x201D;</font></div>
</td>
<td style="vertical-align: top; width: 41%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Section
2.03(d)</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 59%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Business
Day</font>&#x201D;</font></div>
</td>
<td style="vertical-align: top; width: 41%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Exhibit
A</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 59%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Certificate
of Merger</font>&#x201D;</font></div>
</td>
<td style="vertical-align: top; width: 41%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Section
1.02</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 59%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Certifications</font>&#x201D;</font></div>
</td>
<td style="vertical-align: top; width: 41%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Section
3.05(a)</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 59%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Closing
Date</font>&#x201D;</font></div>
</td>
<td style="vertical-align: top; width: 41%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Section
1.02</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 59%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Closing</font>&#x201D;</font></div>
</td>
<td style="vertical-align: top; width: 41%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Section
1.02</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 59%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">COBRA</font>&#x201D;</font></div>
</td>
<td style="vertical-align: top; width: 41%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Exhibit
A</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 59%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Code</font>&#x201D;</font></div>
</td>
<td style="vertical-align: top; width: 41%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Recitals</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 59%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-family: Times New Roman; font-size: 13px">
&#x201C;<font style="font-weight: bold; font-style: italic">Company</font>&#x201D;</font>
&#xA0; <font style="font-weight: bold; font-style: italic">&#xA0;</font>
&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 41%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-family: Times New Roman; font-size: 13px">
Preamble</font> &#xA0;</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 59%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Company
Appointees</font>&#x201D;</font></div>
</td>
<td style="vertical-align: top; width: 41%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Section
5.11(a)</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 59%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-family: Times New Roman; font-size: 13px">
&#x201C;<font style="font-weight: bold; font-style: italic">Company
Balance Sheet</font>&#x201D;</font> &#xA0; <font style="font-weight: bold; font-style: italic">&#xA0;</font>
&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 41%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-family: Times New Roman; font-size: 13px">
Section 2.05(a)</font> &#xA0;</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 59%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-family: Times New Roman; font-size: 13px">
&#x201C;<font style="font-weight: bold; font-style: italic">Company
Board Recommendation</font>&#x201D;</font> &#xA0; <font style="font-weight: bold; font-style: italic">&#xA0;</font>
&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 41%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-family: Times New Roman; font-size: 13px">
Section 5.02(b)</font> &#xA0;</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 59%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Company
Capital Stock</font>&#x201D;</font></div>
</td>
<td style="vertical-align: top; width: 41%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Exhibit
A</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 59%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Company
Contract</font>&#x201D;</font></div>
</td>
<td style="vertical-align: top; width: 41%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Section
2.16(b)</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 59%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Company
Disclosure Schedule</font>&#x201D;</font></div>
</td>
<td style="vertical-align: top; width: 41%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Exhibit
A</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 59%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Company
Employee Plans</font>&#x201D;</font></div>
</td>
<td style="vertical-align: top; width: 41%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Section
2.12(a)</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 59%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Company
Environmental Permits</font>&#x201D;</font></div>
</td>
<td style="vertical-align: top; width: 41%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Section
2.14(c)</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 59%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Company
Financials</font>&#x201D;</font></div>
</td>
<td style="vertical-align: top; width: 41%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Section
2.05(a)</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 59%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Company
Fundamental Representations</font>&#x201D;</font></div>
</td>
<td style="vertical-align: top; width: 41%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Exhibit
A</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 59%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Company</font>
<font style="font-weight: bold; font-style: italic">Insurance
Policies</font>&#x201D;</font></div>
</td>
<td style="vertical-align: top; width: 41%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Section
2.18(a)</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 59%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Company
IP Rights</font>&#x201D;</font></div>
</td>
<td style="vertical-align: top; width: 41%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Exhibit
A</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 59%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Company</font>
<font style="font-weight: bold; font-style: italic">Lookback
Date</font>&#x201D;</font></div>
</td>
<td style="vertical-align: top; width: 41%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Section
2.05(c)</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 59%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Company
Material Adverse Effect</font>&#x201D;</font></div>
</td>
<td style="vertical-align: top; width: 41%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Exhibit
A</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 59%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Company
Option</font>&#x201D;</font></div>
</td>
<td style="vertical-align: top; width: 41%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Section
2.02(b)</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 59%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Company
Owned IP Rights</font>&#x201D;</font></div>
</td>
<td style="vertical-align: top; width: 41%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Section
2.08</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 59%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Company
Permits</font>&#x201D;</font></div>
</td>
<td style="vertical-align: top; width: 41%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Section
2.09(b)</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 59%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Company
Stock Option Plans</font>&#x201D;</font></div>
</td>
<td style="vertical-align: top; width: 41%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Section
2.02(b)</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 59%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Company
Stockholder Matters</font>&#x201D;</font></div>
</td>
<td style="vertical-align: top; width: 41%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Section
5.02(a)</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 59%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Company
Stockholders</font>&#x201D;</font></div>
</td>
<td style="vertical-align: top; width: 41%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Exhibit
A</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 59%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Company
Stockholder Written Consent</font>&#x201D;</font></div>
</td>
<td style="vertical-align: top; width: 41%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Section
5.02(a)</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 59%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Company
Superior Offer</font>&#x201D;</font></div>
</td>
<td style="vertical-align: top; width: 41%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Exhibit
A</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 59%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Company
Vote Deadline</font>&#x201D;</font></div>
</td>
<td style="vertical-align: top; width: 41%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Section
5.02(a)</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 59%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Company</font>
<font style="font-weight: bold; font-style: italic">Voting
Agreements</font>&#x201D;</font></div>
</td>
<td style="vertical-align: top; width: 41%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Recitals</font></div>
</td>
</tr></table>
</div>
<div style="null"><font>&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px"><br></font></div>
</div>
<div id="pb" style="text-align: center; margin-left: 0px; margin-right: 0px; margin-bottom: 6px; page-break-after: always; width: 100%; height: 1px; background-color: #000000">
<!--page break line--></div>
<div id="hdr">
<div style="text-align: right; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
</div>
</div>
<div style="null"><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div>
<table cellpadding="0" cellspacing="0" style="width: 100%; font-family: Times New Roman; font-size: 13px">
<tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 59%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-family: Times New Roman; font-size: 13px">
&#x201C;<font style="font-weight: bold; font-style: italic">Confidentiality
Agreement</font>&#x201D;</font> <font style="font-weight: bold; font-style: italic">&#xA0;</font> <font style="font-weight: bold; font-style: italic">&#xA0;</font>
&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 41%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-family: Times New Roman; font-size: 13px">
Section 5.04</font> &#xA0;</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 59%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Continuing
Employees</font>&#x201D;</font></div>
</td>
<td style="vertical-align: top; width: 41%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Section
5.18</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 59%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Consent</font>&#x201D;</font></div>
</td>
<td style="vertical-align: top; width: 41%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Exhibit
A</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 59%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Contract</font>&#x201D;</font></div>
</td>
<td style="vertical-align: top; width: 41%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Exhibit
A</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 59%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Copyrights</font>&#x201D;</font></div>
</td>
<td style="vertical-align: top; width: 41%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Exhibit
A</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 59%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Deferred
Purchase Price</font>&#x201D;</font></div>
</td>
<td style="vertical-align: top; width: 41%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Exhibit
A</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 59%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">DGCL</font>&#x201D;</font></div>
</td>
<td style="vertical-align: top; width: 41%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Section
1.01</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 59%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">D&amp;O
Indemnified Party</font>&#x201D;</font></div>
</td>
<td style="vertical-align: top; width: 41%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Section
5.06(a)</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 59%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Dissenting
Shares</font>&#x201D;</font></div>
</td>
<td style="vertical-align: top; width: 41%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Section
1.07</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 59%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Effect</font>&#x201D;</font></div>
</td>
<td style="vertical-align: top; width: 41%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Exhibit
A</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 59%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Effective
Time</font>&#x201D;</font></div>
</td>
<td style="vertical-align: top; width: 41%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Section
1.02</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 59%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Employee
Benefit Plan</font>&#x201D;</font></div>
</td>
<td style="vertical-align: top; width: 41%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Exhibit
A</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 59%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Encumbrance</font>&#x201D;</font></div>
</td>
<td style="vertical-align: top; width: 41%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Exhibit
A</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 59%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">End
Date</font>&#x201D;</font></div>
</td>
<td style="vertical-align: top; width: 41%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Exhibit
A</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 59%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Entity</font>&#x201D;</font></div>
</td>
<td style="vertical-align: top; width: 41%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Exhibit
A</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 59%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">ERISA
Affiliate</font>&#x201D;</font></div>
</td>
<td style="vertical-align: top; width: 41%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Exhibit
A</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 59%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">ERISA</font>&#x201D;</font></div>
</td>
<td style="vertical-align: top; width: 41%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Exhibit
A</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 59%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Exchange
Act</font>&#x201D;</font></div>
</td>
<td style="vertical-align: top; width: 41%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Section
2.03(d)</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 59%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Exchange
Agent</font>&#x201D;</font></div>
</td>
<td style="vertical-align: top; width: 41%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Section
1.08(a)</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 59%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Exchange
Ratio</font>&#x201D;</font></div>
</td>
<td style="vertical-align: top; width: 41%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Exhibit
A</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 59%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Excluded
Contracts</font>&#x201D;</font></div>
</td>
<td style="vertical-align: top; width: 41%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Exhibit
A</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 59%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Foreign
Antitrust Laws</font>&#x201D;</font></div>
</td>
<td style="vertical-align: top; width: 41%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Section
2.03(d)</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 59%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">GAAP</font>&#x201D;</font></div>
</td>
<td style="vertical-align: top; width: 41%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Section
2.05(a)</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 59%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Governmental
Body</font>&#x201D;</font></div>
</td>
<td style="vertical-align: top; width: 41%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Exhibit
A</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 59%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Hazardous
Material Activities</font>&#x201D;</font></div>
</td>
<td style="vertical-align: top; width: 41%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Section
2.14(b)</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 59%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Hazardous
Material</font>&#x201D;</font></div>
</td>
<td style="vertical-align: top; width: 41%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Section
2.14(a)</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 59%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">HSR
Act</font>&#x201D;</font></div>
</td>
<td style="vertical-align: top; width: 41%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Exhibit
A</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 59%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Indebtedness</font>&#x201D;</font></div>
</td>
<td style="vertical-align: top; width: 41%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Exhibit
A</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 59%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">IP
Rights</font>&#x201D;</font></div>
</td>
<td style="vertical-align: top; width: 41%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Exhibit
A</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 59%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">knowledge
of Company</font>&#x201D;</font></div>
</td>
<td style="vertical-align: top; width: 41%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Section
8.15(g)</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 59%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">knowledge
of Parent</font>&#x201D;</font></div>
</td>
<td style="vertical-align: top; width: 41%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Section
8.15(g)</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 59%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Legal
Proceeding</font>&#x201D;</font></div>
</td>
<td style="vertical-align: top; width: 41%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Exhibit
A</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 59%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Legal
Requirements</font>&#x201D;</font></div>
</td>
<td style="vertical-align: top; width: 41%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Exhibit
A</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 59%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Liability</font>&#x201D;</font></div>
</td>
<td style="vertical-align: top; width: 41%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Section
2.05(d)</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 59%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Lock-up
Agreements</font>&#x201D;</font></div>
</td>
<td style="vertical-align: top; width: 41%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Recitals</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 59%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Lock-up
Agreement Signatories</font>&#x201D;</font></div>
</td>
<td style="vertical-align: top; width: 41%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Exhibit
A</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 59%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Merger</font>&#x201D;</font></div>
</td>
<td style="vertical-align: top; width: 41%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Recitals</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 59%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Merger
Consideration</font>&#x201D;</font></div>
</td>
<td style="vertical-align: top; width: 41%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Section
1.06(a)</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 59%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Merger
Sub</font>&#x201D;</font></div>
</td>
<td style="vertical-align: top; width: 41%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Preamble</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 59%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Merger
Sub Common Stock</font>&#x201D;</font></div>
</td>
<td style="vertical-align: top; width: 41%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Exhibit
A</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 59%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Milestones</font>&#x201D;</font></div>
</td>
<td style="vertical-align: top; width: 41%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Section
5.11(a)</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 59%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Nasdaq</font>&#x201D;</font></div>
</td>
<td style="vertical-align: top; width: 41%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Exhibit
A</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 59%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Nasdaq
Listing Application</font>&#x201D;</font></div>
</td>
<td style="vertical-align: top; width: 41%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Section
5.23</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 59%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Offering</font>&#x201D;</font></div>
</td>
<td style="vertical-align: top; width: 41%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Section
6.02(g)(ii)</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 59%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Other
Filings</font>&#x201D;</font></div>
</td>
<td style="vertical-align: top; width: 41%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Section
5.01(a)</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 59%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;&#x201C;<font style="font-weight: bold; font-style: italic">Order</font>&#x201D;</font></div>
</td>
<td style="vertical-align: top; width: 41%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Exhibit
A</font></div>
</td>
</tr></table>
</div>
<div style="null"><font>&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px"><br></font></div>
</div>
<div id="pb" style="text-align: center; margin-left: 0px; margin-right: 0px; margin-bottom: 6px; page-break-after: always; width: 100%; height: 1px; background-color: #000000">
<!--page break line--></div>
<div id="hdr">
<div style="text-align: right; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
</div>
</div>
<div style="null"><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div>
<table cellpadding="0" cellspacing="0" style="width: 100%; font-family: Times New Roman; font-size: 13px">
<tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 59%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Parent</font>&#x201D;</font></div>
</td>
<td style="vertical-align: top; width: 41%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Preamble</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 59%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Parent
Asset Purchase Agreement</font>&#x201D;</font></div>
</td>
<td style="vertical-align: top; width: 41%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Section
5.26</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 59%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Parent
Board Recommendation</font>&#x201D;</font></div>
</td>
<td style="vertical-align: top; width: 41%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Section
5.03(b)</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 59%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Parent
Capital Stock</font>&#x201D;</font></div>
</td>
<td style="vertical-align: top; width: 41%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Exhibit
A</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 59%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Parent
Change in Recommendation</font>&#x201D;</font></div>
</td>
<td style="vertical-align: top; width: 41%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Section
5.03(c)</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 59%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Parent
Charter Amendment</font>&#x201D;</font></div>
</td>
<td style="vertical-align: top; width: 41%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Section
3.03(a)</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 59%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Parent
Common Stock</font>&#x201D;</font></div>
</td>
<td style="vertical-align: top; width: 41%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Section
1.06(a)</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 59%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Parent
Contract</font>&#x201D;</font></div>
</td>
<td style="vertical-align: top; width: 41%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Section
3.16(b)</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 59%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Parent
Disclosure Schedule</font>&#x201D;</font></div>
</td>
<td style="vertical-align: top; width: 41%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Exhibit
A</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 59%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Parent
Employee Plans</font>&#x201D;</font></div>
</td>
<td style="vertical-align: top; width: 41%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Section
3.12(a)</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 59%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Parent
Environmental Permits</font>&#x201D;</font></div>
</td>
<td style="vertical-align: top; width: 41%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Section
3.14(c)</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 59%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Parent
Financials</font>&#x201D;</font></div>
</td>
<td style="vertical-align: top; width: 41%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Section
3.05(f)</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 59%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Parent
Fundamental Representations</font>&#x201D;</font></div>
</td>
<td style="vertical-align: top; width: 41%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Exhibit
A</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 59%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-family: Times New Roman; font-size: 13px">
&#x201C;<font style="font-weight: bold; font-style: italic">Parent
Insurance Policies</font>&#x201D;</font> &#xA0; <font style="font-weight: bold; font-style: italic">&#xA0;</font>
&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 41%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-family: Times New Roman; font-size: 13px">
Section 3.17(a)</font> &#xA0;</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 59%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-family: Times New Roman; font-size: 13px">
&#x201C;<font style="font-weight: bold; font-style: italic">Parent
IP Rights</font>&#x201D;</font> &#xA0; <font style="font-weight: bold; font-style: italic">&#xA0;</font>
&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 41%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-family: Times New Roman; font-size: 13px">
Exhibit A</font> &#xA0;</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 59%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-family: Times New Roman; font-size: 13px">
&#x201C;<font style="font-weight: bold; font-style: italic">Parent
Legacy Business Disposition</font>&#x201D;</font> &#xA0;
<font style="font-weight: bold; font-style: italic">&#xA0;</font>
&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 41%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-family: Times New Roman; font-size: 13px">
Section 5.26</font> &#xA0;</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 59%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Parent
Legacy Business Valuation</font>&#x201D;</font></div>
</td>
<td style="vertical-align: top; width: 41%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Section
5.26</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 59%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Parent</font>
<font style="font-weight: bold; font-style: italic">Lookback
Date</font>&#x201D;</font></div>
</td>
<td style="vertical-align: top; width: 41%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Section
3.05(a)</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 59%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Parent
Material Adverse Effect</font>&#x201D;</font></div>
</td>
<td style="vertical-align: top; width: 41%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Exhibit
A</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 59%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Parent
Option</font>&#x201D;</font></div>
</td>
<td style="vertical-align: top; width: 41%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Section
3.02(b)</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 59%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Parent
Owned IP Rights</font>&#x201D;</font></div>
</td>
<td style="vertical-align: top; width: 41%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Section
3.08</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 59%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Parent
Permits</font>&#x201D;</font></div>
</td>
<td style="vertical-align: top; width: 41%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Section
3.09(b)</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 59%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Parent
Preferred Stock</font>&#x201D;</font></div>
</td>
<td style="vertical-align: top; width: 41%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Section
3.02(a)</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 59%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Parent
SEC Documents</font>&#x201D;</font></div>
</td>
<td style="vertical-align: top; width: 41%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Section
3.05(a)</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 59%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Parent
Series H-4 Preferred Stock</font>&#x201D;</font></div>
</td>
<td style="vertical-align: top; width: 41%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Exhibit
A</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 59%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Parent
Stock Option Plan</font>&#x201D;</font></div>
</td>
<td style="vertical-align: top; width: 41%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Exhibit
A</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 59%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Parent
Stockholder Approval Matters</font>&#x201D;</font></div>
</td>
<td style="vertical-align: top; width: 41%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Section
5.03(a)</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 59%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Parent
Stockholder Approval</font>&#x201D;</font></div>
</td>
<td style="vertical-align: top; width: 41%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Section
3.03(a)</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 59%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Parent
Superior Offer</font>&#x201D;</font></div>
</td>
<td style="vertical-align: top; width: 41%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Exhibit
A</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 59%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Parent
Transactions</font>&#x201D;</font></div>
</td>
<td style="vertical-align: top; width: 41%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Exhibit
A</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 59%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Parent</font>
<font style="font-weight: bold; font-style: italic">Voting
Agreements</font>&#x201D;</font></div>
</td>
<td style="vertical-align: top; width: 41%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Recitals</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 59%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Parent
Unaudited Interim Balance Sheet</font>&#x201D;</font></div>
</td>
<td style="vertical-align: top; width: 41%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Exhibit
A</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 59%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Parent
Warrant</font>&#x201D;</font></div>
</td>
<td style="vertical-align: top; width: 41%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Exhibit
A</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 59%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Party</font>&#x201D;
or &#x201C;<font style="font-weight: bold; font-style: italic">Parties</font>&#x201D;</font></div>
</td>
<td style="vertical-align: top; width: 41%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Preamble</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 59%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Patent
Rights</font>&#x201D;</font></div>
</td>
<td style="vertical-align: top; width: 41%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Exhibit
A</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 59%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Permitted
Encumbrances</font>&#x201D;</font></div>
</td>
<td style="vertical-align: top; width: 41%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Exhibit
A</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 59%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Person</font>&#x201D;</font></div>
</td>
<td style="vertical-align: top; width: 41%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Exhibit
A</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 59%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Personal
Data</font>&#x201D;</font></div>
</td>
<td style="vertical-align: top; width: 41%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Exhibit
A</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 59%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Post-Closing
Plans</font>&#x201D;</font></div>
</td>
<td style="vertical-align: top; width: 41%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Section
5.18</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 59%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Pre-Closing
Period</font>&#x201D;</font></div>
</td>
<td style="vertical-align: top; width: 41%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Section
4.01</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 59%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Pre-Merger
Company Stockholders</font>&#x201D;</font></div>
</td>
<td style="vertical-align: top; width: 41%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Exhibit
A</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 59%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Proxy
Statement/Prospectus</font>&#x201D;</font></div>
</td>
<td style="vertical-align: top; width: 41%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Section
5.01(a)</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 59%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Representatives</font>&#x201D;</font></div>
</td>
<td style="vertical-align: top; width: 41%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Exhibit
A</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 59%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Required</font>
<font style="font-weight: bold; font-style: italic">Company
Stockholder Vote</font>&#x201D;</font></div>
</td>
<td style="vertical-align: top; width: 41%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Section
2.03(a)</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 59%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Reverse
Split</font>&#x201D;</font></div>
</td>
<td style="vertical-align: top; width: 41%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Section
5.21</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 59%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">S-4
Registration Statement</font>&#x201D;</font></div>
</td>
<td style="vertical-align: top; width: 41%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Section
5.01(a)</font></div>
</td>
</tr></table>
</div>
<div style="null"><font>&#xA0;</font></div>
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<div style="null"><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
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<table cellpadding="0" cellspacing="0" style="width: 100%; font-family: Times New Roman; font-size: 13px">
<tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 59%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">SEC</font>&#x201D;</font></div>
</td>
<td style="vertical-align: top; width: 41%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Section
2.03(d)</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 59%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">SEC
Documents</font>&#x201D;</font></div>
</td>
<td style="vertical-align: top; width: 41%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Exhibit
A</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 59%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">SEC
Website</font>&#x201D;</font></div>
</td>
<td style="vertical-align: top; width: 41%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Section
3.05(a)</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 59%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Securities
Act</font>&#x201D;</font></div>
</td>
<td style="vertical-align: top; width: 41%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Section
3.05(a)</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 59%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Stockholder
Notice</font>&#x201D;</font></div>
</td>
<td style="vertical-align: top; width: 41%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Section
5.02(e)</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 59%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Subsidiary</font>&#x201D;</font></div>
</td>
<td style="vertical-align: top; width: 41%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Exhibit
A</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 59%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Surviving
Corporation</font>&#x201D;</font></div>
</td>
<td style="vertical-align: top; width: 41%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Section
1.01</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 59%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Tax</font>&#x201D;
and &#x201C;<font style="font-weight: bold; font-style: italic">Taxes</font>&#x201D;</font></div>
</td>
<td style="vertical-align: top; width: 41%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Exhibit
A</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 59%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Tax
Return</font>&#x201D;</font></div>
</td>
<td style="vertical-align: top; width: 41%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Exhibit
A</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 59%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Termination
Fee</font>&#x201D;</font></div>
</td>
<td style="vertical-align: top; width: 41%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Section
7.03(b)</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 59%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Trade
Secrets</font>&#x201D;</font></div>
</td>
<td style="vertical-align: top; width: 41%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Exhibit
A</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 59%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Trademark
Rights</font>&#x201D;</font></div>
</td>
<td style="vertical-align: top; width: 41%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Exhibit
A</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 59%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Transaction
Costs</font>&#x201D;</font></div>
</td>
<td style="vertical-align: top; width: 41%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Exhibit
A</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 59%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Voting
Agreements</font>&#x201D;</font></div>
</td>
<td style="vertical-align: top; width: 41%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Recitals</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 59%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; font-style: italic">Voting
Agreement Signatories</font>&#x201D;</font></div>
</td>
<td style="vertical-align: top; width: 41%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Exhibit
A</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 59%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 41%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr></table>
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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-2.2
<SEQUENCE>3
<FILENAME>dcar_ex22.htm
<DESCRIPTION>PLAN OF PURCHASE, SALE, REORGANIZATION, ARRANGEMENT, LIQUIDATION OR SUCCESSION
<TEXT>
<html>
<head>
<!-- Document created using Blueprint(R) - powered by Issuer Direct - www.issuerdirect.com -->
<!-- Copyright 2019 Issuer Direct Corporation -->
<title>Blueprint</title>
</head>
<body style="font-family: Times New Roman; font-size: 13px;">
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="hdr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
EXHIBIT 2.2</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
FORM OF VOTING AGREEMENT</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">This
VOTING AGREEMENT (this &#x201C;<font style="text-decoration: underline">Agreement</font>&#x201D;) is entered
into as of December __<font style="color: #000000">, 2019</font>,
between Ayro, Inc., a Delaware corporation (&#x201C;<font style="text-decoration: underline">Company</font>&#x201D;) and the
undersigned (the &#x201C;<font style="text-decoration: underline">Stockholder</font>&#x201D;).</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">WHEREAS, as of the
date hereof, the Stockholder is the sole record and beneficial
owner of and has the sole power to vote (or to direct the voting
of) the number of shares of common stock, par value $0.0001 per
share (the &#x201C;<font style="text-decoration: underline">Common
Shares</font>&#x201D;) of DropCar, Inc. (&#x201C;<font style="text-decoration: underline">Parent</font>&#x201D;), set forth
opposite the Stockholder&#x2019;s name on <font style="text-decoration: underline">Schedule I</font> hereto (such Common
Shares together with any other shares of Parent
(&#x201C;<font style="text-decoration: underline">Shares</font>&#x201D;)
the voting power of which is acquired by such Stockholder during
the period from the date hereof through the date on which this
Agreement is terminated in accordance with its terms (such period,
the &#x201C;<font style="text-decoration: underline">Voting
Period</font>&#x201D;), are collectively referred to herein as the
&#x201C;<font style="text-decoration: underline">Subject
Shares</font>&#x201D;);</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">WHEREAS, Company,
Parent, and ABC Merger Sub, Inc., a Delaware<font style="color: #000000">&#xA0;</font>corporation and a wholly-owned
subsidiary of Parent (&#x201C;<font style="text-decoration: underline">Merger Sub</font>&#x201D;) are
concurrently entering into an agreement and plan of merger, dated
as of the date hereof (as amended from time to time, the
&#x201C;<font style="text-decoration: underline">Merger
Agreement</font>&#x201D;), pursuant to which Merger Sub shall be
merged with and into Company, with Company continuing as the
surviving corporation thereafter (the &#x201C;<font style="text-decoration: underline">Merger</font>&#x201D;);</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">WHEREAS, the
adoption of the Merger Agreement requires the affirmative vote of
the holders of a majority in voting power of the outstanding shares
of Parent Common Stock outstanding on the applicable record date;
and</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">WHEREAS, as an
inducement to Company&#x2019;s willingness to enter into the Merger
Agreement and consummate the transactions contemplated thereby,
transactions from which the Stockholder believes it will derive
substantial benefits through its ownership interest in Parent, the
Stockholder is entering into this Agreement.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">NOW,
THEREFORE, in consideration of the foregoing and the respective
representations, warranties, covenants and agreements set forth
herein, the parties agree as follows:</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; color: #010000; font-family: Times New Roman; font-size: 13px">
ARTICLE I</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold"><font style="font-family: Times New Roman; font-size: 13px">DEFINITIONS</font></font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 144px">
<font style="font-family: Times New Roman; font-size: 13px">SECTION
1.1&#xA0;&#xA0;&#xA0;&#xA0; <font style="text-decoration: underline">Capitalized Terms</font>. For purposes
of this Agreement, capitalized terms used and not defined herein
shall have the respective meanings ascribed to them in the Merger
Agreement.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">- 1 -</font></div>
</div>
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<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; color: #010000; font-family: Times New Roman; font-size: 13px">
ARTICLE II</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold"><font style="font-family: Times New Roman; font-size: 13px">VOTING AGREEMENT
AND IRREVOCABLE PROXY</font></font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 144px">
<font style="font-family: Times New Roman; font-size: 13px"><a name="_Ref329970189"><!--anchor--></a>SECTION 2.1&#xA0;&#xA0;&#xA0;
<font style="text-decoration: underline">Agreement to Vote</font>.
<font style="font-weight: bold">&#xA0;</font>The Stockholder hereby
agrees that, during the Voting Period, and at any duly called
meeting of the stockholders of Parent (or any adjournment or
postponement thereof), or in any other circumstances (including
action by written consent of stockholders in lieu of a meeting)
upon which a vote, adoption or other approval or consent with
respect to the adoption of the Merger Agreement or the approval of
the Merger and any of the transactions contemplated thereby is
sought, the Stockholder shall, if a meeting is held, appear at the
meeting, in person or by proxy, <font style="color: #000000">and
shall provide a written consent or vote (or cause to be voted), in
person or by proxy, all its Subject Shares, in each case (i)</font>
in favor of (A) any proposal to adopt and approve or reapprove the
Merger Agreement and the other transactions contemplated thereby
and (B) waiving any notice that may have been or may be required
relating to the Merger or any of the other transactions
contemplated by the Merger Agreement, and (ii) against (X) any
Acquisition Proposal and any action in furtherance of any such
Acquisition Proposal and (Y) any action, proposal, transaction or
agreement that, to the knowledge of the Stockholder, would
reasonably be expected to result in a material breach of any
covenant, representation or warranty or any other obligation or
agreement of the Stockholder under this Agreement. As used herein,
the term &#x201C;<font style="text-decoration: underline">Expiration
Time</font>&#x201D; shall mean the earliest occurrence of (A) the
Effective Time, (B) the date and time of the valid termination of
the Merger Agreement in accordance with its terms, and the term
&#x201C;<font style="text-decoration: underline">Voting
Period</font>&#x201D; shall mean such period of time between the
date hereof and the Expiration Time.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 144px">
<font style="font-family: Times New Roman; font-size: 13px">SECTION
2.2&#xA0;&#xA0;&#xA0; <font style="text-decoration: underline">Grant of Irrevocable
Proxy</font>.<font style="font-weight: bold">&#xA0;</font>The
Stockholder hereby appoints Company and any designee of Company,
and each of them individually, as the Stockholder&#x2019;s proxy,
with full power of substitution and resubstitution, to vote,
including by executing written consents, during the Voting Period
with respect to any and all of the Subject Shares on the matters
and in the manner specified in <font style="text-decoration: underline">Section&#xA0;2.1</font>. The
Stockholder shall take all further action or execute such other
instruments as may be necessary to effectuate the intent of any
such proxy. The Stockholder affirms that the irrevocable proxy
given by it hereby with respect to the Merger Agreement and the
transactions contemplated thereby is given to Company by the
Stockholder to secure the performance of the obligations of the
Stockholder under this Agreement. It is agreed that Company (and
its officers on behalf of Company) will use the irrevocable proxy
that is granted by the Stockholder hereby only in accordance with
applicable Legal Requirements and that, to the extent Company (and
its officers on behalf of Company) uses such irrevocable proxy, it
will only vote (or sign written consents in respect of) the Subject
Shares subject to such irrevocable proxy with respect to the
matters specified in, and in accordance with the provisions of,
<font style="text-decoration: underline">Section&#xA0;2.1</font>.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 144px">
<font style="font-family: Times New Roman; font-size: 13px">SECTION
2.3&#xA0;&#xA0;&#xA0; <font style="text-decoration: underline">Nature of Irrevocable
Proxy</font>.<font style="font-weight: bold">&#xA0;</font>The proxy
granted pursuant to <font style="text-decoration: underline">Section&#xA0;2.2</font> to Company by
the Stockholder shall be irrevocable during the term of this
Agreement, shall be deemed to be coupled with an interest
sufficient in law to support an irrevocable proxy and shall revoke
any and all prior proxies or powers of attorney granted by the
Stockholder and no subsequent proxy or power of attorney shall be
given or written consent executed (and if given or executed, shall
not be effective) by the Stockholder with respect thereto. The
proxy that may be granted hereunder shall terminate upon the
termination of this Agreement, but shall survive the death or
incapacity of the Stockholder and any obligation of the Stockholder
under this Agreement shall be binding upon the heirs, personal
representatives and successors of the Stockholder.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">- 2 -</font></div>
</div>
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<div id="hdr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; color: #010000; font-family: Times New Roman; font-size: 13px">
ARTICLE III</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">
COVENANTS</font></font></div>
<div style="text-align: justify; margin-left: 48px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">SECTION
3.1&#xA0;&#xA0;&#xA0; <font style="text-decoration: underline">Subject Shares</font>.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 144px">
<font style="font-family: Times New Roman; font-size: 13px">(a)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;The
Stockholder agrees that (i) from the date hereof until the
Effective Time, it shall not, and shall not commit or agree to,
without Company&#x2019;s prior written consent, directly or
indirectly, whether by merger, consolidation or
otherwise,&#xA0;offer for sale, sell (including short sales),
transfer, tender, pledge, encumber, assign or otherwise dispose of
(including by gift or by operation of law) (collectively, a
&#x201C;<font style="text-decoration: underline">Transfer</font>&#x201D;), or enter into
any contract, option, derivative, hedging or other agreement or
arrangement or understanding (including any profit-sharing
arrangement) with respect to, or consent to or permit, a Transfer
of, any or all of the Subject Shares or any interest therein; and
(ii) during the Voting Period, it shall not, and shall not commit
or agree to, without Company&#x2019;s prior written consent, (A)
grant any proxies or powers of attorney with respect to any or all
of the Subject Shares or agree to vote (or sign written consents in
respect of) the Subject Shares on any matter or divest itself of
any voting rights in the Subject Shares, or (B) take any action
that would have the effect of preventing or disabling the
Stockholder from performing its obligations under this Agreement.
Notwithstanding the foregoing, the Stockholder may (1)&#xA0; make
transfers or dispositions of the Subject Shares to any member of
the immediate family of the Stockholders or to any trust for the
direct or indirect benefit of the Stockholder or the immediate
family of the Stockholder, (2)&#xA0;make transfers or dispositions
of the Subject Shares by will, other testamentary document or
intestate succession to the legal representative, heir, beneficiary
or a member of the immediate family of the Stockholder,
(3)&#xA0;make transfers of the Subject Shares to stockholders,
direct or indirect affiliates (within the meaning set forth in
Rule&#xA0;405 under the Securities Act of&#xA0;1933, as amended),
current or former partners (general or limited), members or
managers of the Stockholder, as applicable, or to the estates of
any such stockholders, affiliates, partners, members or managers,
or to another corporation, partnership, limited liability company
or other business entity that controls, is controlled by or is
under common control with the Stockholder, (4)&#xA0;make transfers
that occur by operation of law pursuant to a qualified domestic
relations order or in connection with a divorce settlement,
(5)&#xA0;make transfers or dispositions not involving a change in
beneficial ownership and (6)&#xA0;if the Stockholder is a trust,
make transfers or dispositions to any beneficiary of the
Stockholder or the estate of any such beneficiary. The Stockholder
agrees that any Transfer of Subject Shares not permitted hereby
shall be null and void and that any such prohibited Transfer shall
be enjoined. If any voluntary or involuntary transfer of any
Subject Shares covered hereby shall occur (including, but not
limited to, a sale by the Stockholder&#x2019;s trustee in
bankruptcy, or a sale to a purchaser at any creditor&#x2019;s or
court sale), the transferee (which term, as used herein, shall
include any and all transferees and subsequent transferees of the
initial transferee) shall take and hold such Subject Shares subject
to all of the restrictions, liabilities and rights under this
Agreement, which shall continue in full force and
effect.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">- 3 -</font></div>
</div>
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<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 144px">
<font style="font-family: Times New Roman; font-size: 13px">(b)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;In
the event of a stock dividend or distribution, or any change in the
Subject Shares by reason of any stock dividend or distribution,
split-up, recapitalization, combination, conversion, exchange of
shares or the like, the term &#x201C;Subject Shares&#x201D; shall be
deemed to refer to and include the Subject Shares as well as all
such stock dividends and distributions and any securities into
which or for which any or all of the Subject Shares may be changed
or exchanged or which are received in such transaction. The
Stockholder further agrees that, in the event Stockholder purchases
or otherwise acquires beneficial or record ownership of or an
interest in, or acquires the right to vote or share in the voting
of, any additional Shares, in each case after the execution of this
Agreement, the Stockholder shall deliver promptly to Company
written notice of such event, which notice shall state the number
of additional Shares so acquired. The Stockholder agrees that any
such additional Shares shall be subject to the terms of this
Agreement, including all covenants, agreements, obligations,
representations and warranties set forth herein as if those
additional shares were owned by the Stockholder on the date of this
Agreement.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 144px">
<font style="font-family: Times New Roman; font-size: 13px">SECTION
3.2&#xA0;&#xA0;&#xA0; <font style="text-decoration: underline">Stockholder&#x2019;s Capacity</font>.
All agreements and understandings made herein shall be made solely
in the Stockholder&#x2019;s capacity as a holder of the Subject
Shares and not in any other capacity.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 144px">
<font style="font-family: Times New Roman; font-size: 13px">SECTION
3.3&#xA0;&#xA0;&#xA0; <font style="text-decoration: underline">Other Offers</font>. Except to the
extent Parent is permitted to take such action pursuant to the
Merger Agreement, neither the Stockholder (in the
Stockholder&#x2019;s capacity as such), shall, nor shall the
Stockholder authorize or permit any of its Representatives to, take
any of the following actions: (i) solicit, initiate, knowingly
encourage or knowingly facilitate an Acquisition Proposal, (ii)
furnish any non-public information regarding Company to any Person
in connection with or in response to an Acquisition Proposal, (iii)
engage in, enter into, continue or otherwise participate in any
discussions or negotiations with any Person with respect to, or
otherwise knowingly cooperate in any way with any person (or any
representative thereof) with respect to, any Acquisition Proposal,
(iv) approve, endorse or recommend or propose to approve, endorse
or recommend, any Acquisition Proposal or (v) enter into any letter
of intent or similar document or any Contract contemplating,
approving, endorsing or recommending or proposing to approve,
endorse or recommend, any Acquisition Transaction or accepting any
Acquisition Proposal; provided, however, that none of the foregoing
restrictions shall apply to the Stockholder&#x2019;s and its
Representatives&#x2019; interactions with Company and its
representatives. Without limiting the foregoing, it is understood
that any violation of the foregoing restrictions by any
Representatives of the Stockholder shall be deemed to be a breach
of this <font style="text-decoration: underline">Section 3.3</font>
by the Stockholder. The Stockholder shall, and shall use reasonable
best efforts to cause its Representatives to, immediately cease any
and all existing discussions or negotiations with any Persons
conducted heretofore with respect to any Acquisition
Proposal.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">- 4 -</font></div>
</div>
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<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 144px">
<font style="font-family: Times New Roman; font-size: 13px">SECTION
3.4&#xA0;&#xA0;&#xA0; <font style="text-decoration: underline">Communications</font>. During the
Voting Period, the Stockholder shall not, and shall use its
reasonable best efforts to cause its Representatives, if any, not
to, directly or indirectly, make any press release, public
announcement or other public communication that criticizes or
disparages this Agreement or the Merger Agreement or any of the
transactions contemplated hereby and thereby, without the prior
written consent of Company, provided that the foregoing shall not
limit or affect any actions taken by the Stockholder (or any
affiliated officer or director of Stockholder) that would be
permitted to be taken by Stockholder pursuant to the Merger
Agreement. The Stockholder hereby (i) consents to and authorizes
the publication and disclosure by Parent, Merger Sub and Company
(including in any publicly filed documents relating to the Merger
or any transaction contemplated by the Merger Agreement) of: (a)
the Stockholder&#x2019;s identity; (b) the Stockholder&#x2019;s
beneficial ownership of the Subject Shares; and (c) the nature of
the Stockholder&#x2019;s commitments, arrangements and
understandings under this Agreement, and any other information that
Parent, Merger Sub or Company determines to be necessary in any SEC
disclosure document in connection with the Merger or any
transactions contemplated by the Merger Agreement and (ii) agrees
as promptly as practicable to notify Parent, Merger Sub and Company
of any required corrections with respect to any written information
supplied by the Stockholder specifically for use in any such
disclosure document.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 144px">
<font style="font-family: Times New Roman; font-size: 13px">SECTION
3.5&#xA0;&#xA0;&#xA0; <font style="text-decoration: underline">Voting Trusts</font>. The Stockholder
agrees that it will not, nor will it permit any entity under its
control to, deposit any of its Subject Shares in a voting trust or
subject any of its Subject Shares to any arrangement with respect
to the voting of such Subject Shares other than as provided
herein.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 144px">
<font style="font-family: Times New Roman; font-size: 13px">SECTION
3.6&#xA0;&#xA0; <font style="text-decoration: underline">Waiver of
Appraisal Rights</font>. The Stockholder hereby irrevocably and
unconditionally waives, and agrees not to assert, exercise or
perfect (or attempt to exercise, assert or perfect) any rights of
appraisal or rights to dissent from the Merger or quasi-appraisal
rights that it may at any time have under applicable Legal
Requirements, including Section 262 of the DGCL. The Stockholder
agrees not to commence, join in, facilitate, assist or encourage,
and agrees to take all actions necessary to opt out of any class in
any class action with respect to, any claim, derivative or
otherwise, against Parent, Company or any of their respective
successors, directors or officers, (a) challenging the validity,
binding nature or enforceability of, or seeking to enjoin the
operation of, this Agreement or the Merger Agreement, or (b)
alleging a breach of any fiduciary duty of any Person in connection
with the evaluation, negotiation, entry into or consummation of the
Merger Agreement.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; color: #010000; font-family: Times New Roman; font-size: 13px">
ARTICLE IV</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold"><font style="font-family: Times New Roman; font-size: 13px">REPRESENTATIONS AND
WARRANTIES OF STOCKHOLDER</font></font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 144px">
<font style="font-family: Times New Roman; font-size: 13px">The
Stockholder hereby represents and warrants to Company as
follows:</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 144px">
<font style="font-family: Times New Roman; font-size: 13px">SECTION
4.1&#xA0;&#xA0; <font style="text-decoration: underline">Due
Authorization, etc</font>. The Stockholder is a natural person,
corporation, limited partnership or limited liability company. If
Stockholder is a corporation, limited partnership or limited
liability company, Stockholder is an entity duly organized, validly
existing and in good standing under the laws of the jurisdiction in
which it is incorporated, organized or constituted. The Stockholder
has all necessary power and authority to execute and deliver this
Agreement and to consummate the transactions contemplated hereby.
The execution and delivery of this Agreement and the consummation
of the transactions contemplated hereby by the Stockholder have
been duly authorized by all necessary action on the part of the
Stockholder and no other proceedings on the part of the Stockholder
are necessary to authorize this Agreement, or to consummate the
transactions contemplated hereby. This Agreement has been duly
executed and delivered by the Stockholder and (assuming the due
authorization, execution and delivery by Company) constitutes a
valid and binding obligation of the Stockholder, enforceable
against the Stockholder in accordance with its terms, except to the
extent enforcement is limited by bankruptcy, insolvency, fraudulent
transfer, reorganization, moratorium and similar Legal Requirements
of general applicability relating to or affecting creditors&#x2019;
rights and by general equitable principles.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">- 5 -</font></div>
</div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 144px">
<font style="font-family: Times New Roman; font-size: 13px">SECTION
4.2&#xA0;&#xA0; <font style="text-decoration: underline">Ownership
of Shares</font>. <font style="text-decoration: underline">Schedule
I</font> hereto sets forth opposite the Stockholder&#x2019;s name
the Shares over which the Stockholder has sole record and
beneficial ownership as of the date hereof. As of the date hereof,
the Stockholder is the lawful owner of the Shares denoted as being
owned by the Stockholder on <font style="text-decoration: underline">Schedule I</font> hereto, has the sole
power to vote or cause to be voted such Shares and has the sole
power to dispose of or cause to be disposed such Shares (other
than, if Stockholder is a partnership or a limited liability
company, the rights and interest of persons and entities that own
partnership interests or units in Stockholder under the partnership
agreement or operating agreement governing Stockholder and
applicable partnership or limited liability company law, or if
Stockholder is a married individual and resides in a state with
community property laws, the community property interest of his or
her spouse to the extent applicable under such community property
laws, which spouse hereby consents to this Agreement by executing
the spousal consent attached hereto). The Stockholder has, and will
at all times up until the Expiration Time have, good and valid
title to the Shares denoted as being owned by the Stockholder on
<font style="text-decoration: underline">Schedule I</font> hereto,
free and clear of any and all pledges, mortgages, liens, charges,
proxies, voting agreements, encumbrances, adverse claims, options,
security interests and demands of any nature or kind whatsoever,
other than (i) those created by this Agreement, or (ii) those
existing under applicable securities laws.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 144px">
<font style="font-family: Times New Roman; font-size: 13px">SECTION
4.3&#xA0;&#xA0; <font style="text-decoration: underline">No
Conflicts</font>. (a)&#xA0;No filing with any Governmental Body,
and no authorization, consent or approval of any other person is
necessary for the execution of this Agreement by the Stockholder
and (b) none of the execution and delivery of this Agreement by the
Stockholder, the consummation by the Stockholder of the
transactions contemplated hereby or compliance by the Stockholder
with any of the provisions hereof shall (i) conflict with or result
in any breach of the organizational documents of the Stockholder,
(ii) result in, or give rise to, a violation or breach of or a
default under any of the terms of any material contract,
understanding, agreement or other instrument or obligation to which
the Stockholder is a party or by which the Stockholder or any of
the Subject Shares or its assets may be bound or (iii) violate any
applicable order, writ, injunction, decree, judgment, statute, rule
or regulation, except for any of the foregoing as would not
reasonably be expected to impair the Stockholder&#x2019;s ability to
perform its obligations under this Agreement.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 144px">
<font style="font-family: Times New Roman; font-size: 13px">SECTION
4.4 &#xA0; <font style="text-decoration: underline">Finder&#x2019;s
Fees</font>. No investment banker, broker, finder or other
intermediary is entitled to a fee or commission from Parent, Merger
Sub or Company in respect of this Agreement based upon any Contract
made by or on behalf of the Stockholder, solely in the
Stockholder&#x2019;s capacity as a stockholder of
Parent.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 144px">
<font style="font-family: Times New Roman; font-size: 13px">SECTION
4.5&#xA0; <font style="text-decoration: underline">No
Litigation</font>. As of the date of this Agreement, there is no
Legal Proceeding pending or, to the knowledge of the Stockholder,
threatened against the Stockholder that would reasonably be
expected to impair the ability of the Stockholder to perform its
obligations hereunder or consummate the transactions contemplated
hereby.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">- 6 -</font></div>
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<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; color: #010000; font-family: Times New Roman; font-size: 13px">
ARTICLE V</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold"><font style="font-family: Times New Roman; font-size: 13px">TERMINATION</font></font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 144px">
<font style="font-family: Times New Roman; font-size: 13px">SECTION
5.1&#xA0;&#xA0; <font style="text-decoration: underline">Termination</font>.<font style="font-weight: bold">&#xA0;</font>This Agreement shall automatically
terminate, and neither Company nor the Stockholder shall have any
rights or obligations hereunder and this Agreement shall become
null and void and have no effect upon the earliest to occur of: (a)
the Effective Time; or (b) the valid termination of the Merger
Agreement in accordance with its terms. The parties acknowledge
that, upon termination of this Agreement as permitted under and in
accordance with the terms of this <font style="text-decoration: underline">Article V</font>, no party to this
Agreement shall have the right to recover any claim with respect to
any losses suffered by such party in connection with such
termination, except that, subject to <font style="text-decoration: underline">Section 6.11</font>, the termination
of this Agreement shall not relieve either party to this Agreement
from liability for such party&#x2019;s intentional breach of any
terms of this Agreement. Notwithstanding anything to the contrary
herein, the provisions of this <font style="text-decoration: underline">Article V</font> and <font style="text-decoration: underline">Article VI</font> shall survive the
termination of this Agreement.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; color: #010000; font-family: Times New Roman; font-size: 13px">
ARTICLE VI</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold"><font style="font-family: Times New Roman; font-size: 13px">MISCELLANEOUS</font></font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 144px">
<font style="font-family: Times New Roman; font-size: 13px">SECTION
6.1&#xA0;&#xA0;&#xA0; <font style="text-decoration: underline; color: #0C0C0C">Further
Actions</font><font style="color: #0C0C0C">.</font> Subject to the
terms and conditions set forth in this Agreement, <font style="color: #0C0C0C">the Stockholder</font> agrees to take any and all
actions and to do all things reasonably necessary to effectuate
this Agreement.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 144px">
<font style="font-family: Times New Roman; font-size: 13px">SECTION
6.2&#xA0;&#xA0;&#xA0; <font style="text-decoration: underline">Fees
and Expenses</font>. Except as otherwise specifically provided
herein, each party shall bear its own expenses in connection with
this Agreement and the transactions contemplated
hereby.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 144px">
<font style="font-family: Times New Roman; font-size: 13px">SECTION
6.3&#xA0; &#xA0; <font style="text-decoration: underline; color: #191919">Amendments,
Waivers</font><font style="text-decoration: underline">,
etc</font>. This Agreement may not be amended except by an
instrument in writing signed by the parties hereto and specifically
referencing this Agreement. The failure of any party to assert any
rights or remedies shall not constitute a waiver of such rights or
remedies<font style="color: #262626">.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 144px">
<font style="font-family: Times New Roman; font-size: 13px">SECTION
6.4 &#xA0; <font style="text-decoration: underline">Notices</font>.
Any notice, request, instruction or other document required to be
given hereunder shall be sufficient if in writing, and sent by
confirmed electronic mail transmission of a &#x201C;portable
document format&#x201D; (&#x201C;.pdf&#x201D;) attachment (provided
that any notice received by electronic mail transmission or
otherwise at the addressee&#x2019;s location on any business day
after 5:00 p.m. (addressee&#x2019;s local time) shall be deemed to
have been received at 9:00 a.m. (addressee&#x2019;s local time) on
the next business day), by reliable overnight delivery service
(with proof of service), or hand delivery, addressed as
follows:</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">- 7 -</font></div>
</div>
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<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">If to
Company, to</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 144px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Ayro,
Inc.</font></div>
<div style="text-align: left; margin-left: 144px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">900 E.
Old Settlers Boulevard, Suite 100</font></div>
<div style="text-align: left; margin-left: 144px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Round
Rock, TX 78664</font></div>
<div style="text-align: left; margin-left: 144px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Attention: Rodney
Keller and Curtis Smith</font></div>
<div style="text-align: left; margin-left: 240px; margin-right: 0px; text-indent: -96px">
<font style="font-family: Times New Roman; font-size: 13px">E-Mail:
rod.keller@ayro.com and curt.smith@ayro.com</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 144px; margin-right: 0px; text-indent: -96px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">with
a copy to (which shall not constitute notice):</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 144px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Haynes
and Boone, LLP</font></div>
<div style="text-align: left; margin-left: 144px; margin-right: 0px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px">30
Rockefeller Plaza</font></div>
<div style="text-align: left; margin-left: 144px; margin-right: 0px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px">26th
Floor</font></div>
<div style="text-align: left; margin-left: 144px; margin-right: 0px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px">New
York, NY 10112</font></div>
<div style="text-align: left; margin-left: 144px; text-indent: 0px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">Attn.:&#xA0; Rick
A. Werner</font></div>
<div style="text-align: left; margin-left: 180px; margin-right: 0px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px">Greg
Kramer</font></div>
<div style="text-align: left; margin-left: 144px; margin-right: 0px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px">E-Mail:&#xA0;&#xA0;
rick.werner@haynesboone.com</font></div>
<div style="text-align: left; margin-left: 192px; margin-right: 0px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px">greg.kramer@haynesboone.com</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">
If to</font> the<font style="color: #000000">&#xA0;</font>Stockholder, to the address or
electronic mail address set forth on the signature pages
hereto<font style="color: #000000">, or to such other person or
address as any party shall specify by written notice so</font>
<font style="color: #262626">given</font><font style="color: #000000">.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 144px">
<font style="font-family: Times New Roman; font-size: 13px">SECTION
6.5&#xA0;&#xA0; <font style="text-decoration: underline">Headings</font>. Headings of the
Articles and Sections of this Agreement are for convenience of the
parties only and shall be given no substantive or interpretive
effect whatsoever.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 144px">
<font style="font-family: Times New Roman; font-size: 13px">SECTION
6.6&#xA0;&#xA0; <font style="text-decoration: underline">Severability</font>. The provisions of
this Agreement shall be deemed severable and the invalidity or
unenforceability of any provision shall not affect the validity or
enforceability of the other provisions hereof. If any provision of
this Agreement, or the application of such provision to any person
or any circumstance, is invalid or unenforceable (a) a suitable and
equitable provision shall be substituted therefor in order to carry
out, so far as may be valid and enforceable, the intent and purpose
of such invalid or unenforceable provision and (b) the remainder of
this Agreement and the application of such provision to other
persons or circumstances shall not be affected by such invalidity
or unenforceability, nor shall such invalidity or unenforceability
affect the validity or enforceability of such provision, or the
application of such provision, in any other
jurisdiction.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 144px">
<font style="font-family: Times New Roman; font-size: 13px">SECTION
6.7&#xA0; <font style="text-decoration: underline">Entire
Agreement; Assignment</font>. This Agreement constitutes the entire
agreement, and supersedes all other prior agreements and
understandings, both written and oral, between the parties, or any
of them, with respect to the subject matter hereof. Neither this
Agreement nor any of the rights, interests or obligations hereunder
shall be assigned by any of the parties hereto (whether by
operation of law or otherwise) without the prior written consent of
the other parties, except that without consent, Company may assign
all or any of its rights and obligations hereunder to any of its
Affiliates that assume the rights and obligations of Company under
the Merger Agreement. Subject to the preceding two sentences, this
Agreement will be binding upon, inure to the benefit of and be
enforceable by the parties hereto and their respective successors
and permitted assigns. Notwithstanding anything to the contrary set
forth herein, the Stockholder agrees that this Agreement and the
obligations hereunder shall be binding upon any Person to which
record or beneficial ownership of the Stockholder&#x2019;s Subject
Shares shall pass, whether by operation or law or otherwise,
including the Stockholder&#x2019;s heirs, guardians, administrators
or successors and assigns, and the Stockholder agrees to take all
actions necessary to effect the foregoing.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<div id="ftr">
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">- 8 -</font></div>
</div>
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<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 144px">
<font style="font-family: Times New Roman; font-size: 13px">SECTION
6.8&#xA0; <font style="text-decoration: underline">Governing
Law</font>. THIS AGREEMENT AND ALL QUESTIONS RELATING TO THE
INTERPRETATION OR ENFORCEMENT OF THIS AGREEMENT SHALL BE DEEMED TO
BE MADE IN AND IN ALL RESPECTS SHALL BE INTERPRETED, CONSTRUED AND
GOVERNED BY AND IN ACCORDANCE WITH THE LAW OF THE STATE OF NEW YORK
WITHOUT REGARD TO THE CONFLICTS OF LAW PRINCIPLES THEREOF TO THE
EXTENT THAT SUCH PRINCIPLES WOULD DIRECT A MATTER TO ANOTHER
JURISDICTION.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 144px">
<font style="font-family: Times New Roman; font-size: 13px">SECTION
6.9 &#xA0; <font style="text-decoration: underline">Specific
Performance</font><font style="color: #202020">.</font> The
Stockholder acknowledges that any breach of this Agreement would
give rise to irreparable harm for which monetary damages would not
be an adequate remedy and each of Company and Parent shall be
entitled to a decree of specific performance and to temporary,
preliminary and permanent injunctive relief to prevent breaches or
threatened breaches of any of the provisions of this Agreement,
without the necessity of proving the inadequacy of monetary damages
as a remedy, which shall be the sole and exclusive remedy for any
such breach.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 144px">
<font style="font-family: Times New Roman; font-size: 13px">SECTION
6.10 &#xA0; <font style="text-decoration: underline">Submission to
Jurisdiction</font>. The parties hereby irrevocably submit to the
exclusive personal jurisdiction of the state and federal courts
sitting in the City of New York, Borough of Manhattan, and hereby
waive, and agree not to assert, as a defense in any action, suit or
proceeding for the interpretation or enforcement hereof, that it is
not subject thereto or that such action, suit or proceeding may not
be brought or is not maintainable in said courts or that the venue
thereof may not be appropriate or that this Agreement may not be
enforced in or by such courts, and the parties hereto irrevocably
agree that all claims relating to such action, suit or proceeding
shall be heard and determined in such courts. The parties hereby
consent to and grant any such court jurisdiction over the person of
such parties and, to the extent permitted by law, over the subject
matter of such dispute and agree that mailing of process or other
papers in connection with any such action or proceeding in the
manner provided in <font style="text-decoration: underline">Section
6.4</font> or in such other manner as may be permitted by Legal
Requirements shall be valid and sufficient service
thereof.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 144px">
<font style="font-family: Times New Roman; font-size: 13px">SECTION
6.11&#xA0; <font style="text-decoration: underline">Waiver of Jury
Trial</font>. EACH PARTY ACKNOWLEDGES AND AGREES THAT ANY
CONTROVERSY WHICH MAY ARISE UNDER THIS AGREEMENT IS LIKELY TO
INVOLVE COMPLICATED AND DIFFICULT ISSUES, AND THEREFORE EACH SUCH
PARTY HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES ANY RIGHT SUCH
PARTY MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION
DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT
OR THE TRANSACTIONS CONTEMPLATED BY THIS AGREEMENT. EACH PARTY
CERTIFIES AND ACKNOWLEDGES THAT (i) NO REPRESENTATIVE, AGENT OR
ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR
OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF
LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER, (ii) EACH PARTY
UNDERSTANDS AND HAS CONSIDERED THE IMPLICATIONS OF THIS WAIVER,
(iii) EACH PARTY MAKES THIS WAIVER VOLUNTARILY, AND (iv) EACH PARTY
HAS BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER
THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS <font style="text-decoration: underline">SECTION 6.11</font>.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 144px">
<font style="font-family: Times New Roman; font-size: 13px">SECTION
6.12&#xA0;&#xA0; <font style="text-decoration: underline">Counterparts</font>. This Agreement
may be executed in two or more counterparts (including by facsimile
transmission or other means of electronic transmission, such as by
electronic mail in &#x201C;pdf&#x201D; form), each of which shall be
an original, with the same effect as if the signatures thereto and
hereto were upon the same instrument, and shall become effective
when one or more counterparts have been signed by each of the
parties and delivered (by facsimile or otherwise) to the other
parties.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">- 9 -</font></div>
</div>
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<div id="hdr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">IN
WITNESS WHEREOF, Company and the Stockholder have caused this
Agreement to be duly executed as of the day and year first above
written.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left">
<table cellpadding="0" cellspacing="0" style="text-align: left; width: 100%; font-family: Times New Roman; font-size: 13px; margin: 0px auto 0px 0px;">
<tr>
<td style="width: 50%;">
<div><font>&#xA0;</font></div>
</td>
<td colspan="2" style="vertical-align: top;">
<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font>
<font style="font-family: Times New Roman; font-size: 10">&#xA0;</font>
<font style="color: #000000; font-weight: bold; font-family: Times New Roman; font-size: 13px">
AYRO, INC.</font> <font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font>
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 10%;">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr><tr>
<td style="width: 50%;">
<div><font>&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 5%;">
<div style="text-align: left; margin-left: 36px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-family: Times New Roman; font-size: 13px">By:</font>
&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 35%; border-bottom: 2px solid rgb(0, 0, 0);">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
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<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr><tr>
<td style="width: 50%;">
<div><font>&#xA0;</font></div>
</td>
<td colspan="2" style="vertical-align: top;">
<div style="margin-left: 96px; margin-right: 0px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px">Name:</font>
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 10%;">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr><tr>
<td style="width: 50%;">
<div><font>&#xA0;</font></div>
</td>
<td colspan="2" style="vertical-align: top;">
<div style="margin-left: 96px; margin-right: 0px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px">Title:</font>
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 10%;">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr></table>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">

<div></div>
<div style="text-align: left">
<table cellpadding="0" cellspacing="0" style="text-align: left; width: 100%; font-family: Times New Roman; font-size: 13px; margin: 0px auto 0px 0px;">
<tr>
<td style="width: 50%;">
<div><font>&#xA0;</font></div>
</td>
<td colspan="2" style="vertical-align: top;">
<div><font>&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 10%;">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr><tr>
<td style="width: 50%;">
<div><font>&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 5%;">
<div><font>&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 35%; border-bottom: 2px solid rgb(0, 0, 0);">
<div><font>&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 10%;">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr><tr>
<td style="width: 50%;">
<div><font>&#xA0;</font></div>
</td>
<td colspan="2" style="vertical-align: top;">
<div style="margin-left: 96px; margin-right: 0px; text-indent: 0px;">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">[Investor]</font></div>
</td>
<td style="vertical-align: top; width: 10%;">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr><tr>
<td style="width: 50%;">
<div><font>&#xA0;</font></div>
</td>
<td colspan="2" style="vertical-align: top;">
<div style="margin-left: 96px; margin-right: 0px; text-indent: 0px;">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 10%;">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr><tr>
<td style="width: 50%;">
<div><font>&#xA0;</font></div>
</td>
<td colspan="2" style="vertical-align: top;">
<div style="margin-left: 96px; margin-right: 0px; text-indent: 0px;">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 10%;">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr><tr>
<td style="width: 50%;">
<div><font>&#xA0;</font></div>
</td>
<td colspan="2" style="vertical-align: top;">
<div style="margin-left: 96px; margin-right: 0px; text-indent: 0px;">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px"><font style="font-family: Times New Roman; font-size: 13px">
Address:</font></font></div>
</td>
<td style="vertical-align: top; width: 10%;">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr><tr>
<td style="width: 50%;">
<div><font>&#xA0;</font></div>
</td>
<td colspan="2" style="vertical-align: top;">
<div style="margin-left: 96px; margin-right: 0px; text-indent: 0px;">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 10%;">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr><tr>
<td style="width: 50%;">
<div><font>&#xA0;</font></div>
</td>
<td colspan="2" style="vertical-align: top;">
<div style="margin-left: 96px; margin-right: 0px; text-indent: 0px;">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 10%;">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr><tr>
<td style="width: 50%;">
<div><font>&#xA0;</font></div>
</td>
<td colspan="2" style="vertical-align: top;">
<div style="margin-left: 96px; margin-right: 0px; text-indent: 0px;">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 10%;">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr><tr>
<td style="width: 50%;">
<div><font>&#xA0;</font></div>
</td>
<td colspan="2" style="vertical-align: top;">
<div style="margin-left: 96px; margin-right: 0px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px">Electronic Mail
Address:</font> <font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 10%;">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr></table>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
&#xA0;<br></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<div id="ftr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">- 10 -</font></div>
</div>
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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-2.3
<SEQUENCE>4
<FILENAME>dcar_ex23.htm
<DESCRIPTION>PLAN OF PURCHASE, SALE, REORGANIZATION, ARRANGEMENT, LIQUIDATION OR SUCCESSION
<TEXT>
<html>
<head>
<!-- Document created using Blueprint(R) - powered by Issuer Direct - www.issuerdirect.com -->
<!-- Copyright 2019 Issuer Direct Corporation -->
<title>Blueprint</title>
</head>
<body style="font-family: Times New Roman; font-size: 13px;">
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="hdr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
EXHIBIT 2.3</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
FORM OF VOTING AGREEMENT</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">This
VOTING AGREEMENT (this &#x201C;<font style="text-decoration: underline">Agreement</font>&#x201D;) is entered
into as of December __<font style="color: #000000">, 2019</font>,
between DropCar, Inc., a Delaware corporation (&#x201C;<font style="text-decoration: underline">Parent</font>&#x201D;) and the
undersigned (the &#x201C;<font style="text-decoration: underline">Stockholder</font>&#x201D;).</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">WHEREAS, as of the
date hereof, the Stockholder is the sole record and beneficial
owner of and has the sole power to vote (or to direct the voting
of) the number of shares of common stock, par value $0.0001 per
share (the &#x201C;<font style="text-decoration: underline">Common
Shares</font>&#x201D;) of Ayro, Inc. (&#x201C;<font style="text-decoration: underline">Company</font>&#x201D;), set forth
opposite the Stockholder&#x2019;s name on <font style="text-decoration: underline">Schedule I</font> hereto (such Common
Shares together with any other shares of Company
(&#x201C;<font style="text-decoration: underline">Shares</font>&#x201D;) the voting power
of which is acquired by such Stockholder during the period from the
date hereof through the date on which this Agreement is terminated
in accordance with its terms (such period, the &#x201C;<font style="text-decoration: underline">Voting Period</font>&#x201D;), are
collectively referred to herein as the &#x201C;<font style="text-decoration: underline">Subject
Shares</font>&#x201D;);</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">WHEREAS, Company,
Parent, and ABC Merger Sub, Inc., a Delaware<font style="color: #000000">&#xA0;</font>corporation and a wholly-owned
subsidiary of Parent (&#x201C;<font style="text-decoration: underline">Merger Sub</font>&#x201D;) are
concurrently entering into an agreement and plan of merger, dated
as of the date hereof (as amended from time to time, the
&#x201C;<font style="text-decoration: underline">Merger
Agreement</font>&#x201D;), pursuant to which Merger Sub shall be
merged with and into Company, with Company continuing as the
surviving corporation thereafter (the &#x201C;<font style="text-decoration: underline">Merger</font>&#x201D;);</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">WHEREAS, the
adoption of the Merger Agreement requires the affirmative vote of
the holders of a majority in voting power of the outstanding shares
of Company Common Stock outstanding on the applicable record date;
and</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">WHEREAS, as an
inducement to Parent&#x2019;s willingness to enter into the Merger
Agreement and consummate the transactions contemplated thereby,
transactions from which the Stockholder believes it will derive
substantial benefits through its ownership interest in Company, the
Stockholder is entering into this Agreement.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">NOW,
THEREFORE, in consideration of the foregoing and the respective
representations, warranties, covenants and agreements set forth
herein, the parties agree as follows:</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
ARTICLE I</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold"><font style="font-family: Times New Roman; font-size: 13px">DEFINITIONS</font></font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 144px"><font style="font-family: Times New Roman; font-size: 13px">SECTION
1.1</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Capitalized Terms</font>. For purposes
of this Agreement, capitalized terms used and not defined herein
shall have the respective meanings ascribed to them in the Merger
Agreement.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
</div>
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<div id="hdr">
<div style="text-align: right; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
ARTICLE II</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold"><font style="font-family: Times New Roman; font-size: 13px">VOTING AGREEMENT
AND IRREVOCABLE PROXY</font></font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 144px"><font style="font-family: Times New Roman; font-size: 13px">SECTION
2.1</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><a name="_Ref329970189"><!--anchor--></a><font style="text-decoration: underline">Agreement to Vote</font>. <font style="font-weight: bold">&#xA0;</font>The Stockholder hereby agrees
that, during the Voting Period, and at any duly called meeting of
the stockholders of Company (or any adjournment or postponement
thereof), or in any other circumstances (including action by
written consent of stockholders in lieu of a meeting) upon which a
vote, adoption or other approval or consent with respect to the
adoption of the Merger Agreement or the approval of the Merger and
any of the transactions contemplated thereby is sought, the
Stockholder shall, if a meeting is held, appear at the meeting, in
person or by proxy, <font style="color: #000000">and shall provide
a written consent or vote (or cause to be voted), in person or by
proxy, all its Subject Shares, in each case (i)</font> in favor of
(A) any proposal to adopt and approve or reapprove the Merger
Agreement and the other transactions contemplated thereby and (B)
waiving any notice that may have been or may be required relating
to the Merger or any of the other transactions contemplated by the
Merger Agreement, and (ii) against (X) any Acquisition Proposal and
any action in furtherance of any such Acquisition Proposal and (Y)
any action, proposal, transaction or agreement that, to the
knowledge of the Stockholder, would reasonably be expected to
result in a material breach of any covenant, representation or
warranty or any other obligation or agreement of the Stockholder
under this Agreement. As used herein, the term &#x201C;<font style="text-decoration: underline">Expiration Time</font>&#x201D; shall
mean the earliest occurrence of (A) the Effective Time, (B) the
date and time of the valid termination of the Merger Agreement in
accordance with its terms, and the term &#x201C;<font style="text-decoration: underline">Voting Period</font>&#x201D; shall mean
such period of time between the date hereof and the Expiration
Time.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 144px"><font style="font-family: Times New Roman; font-size: 13px">SECTION
2.2</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Grant of Irrevocable
Proxy</font>.<font style="font-weight: bold">&#xA0;</font>The
Stockholder hereby appoints Parent and any designee of Parent, and
each of them individually, as the Stockholder&#x2019;s proxy, with
full power of substitution and resubstitution, to vote, including
by executing written consents, during the Voting Period with
respect to any and all of the Subject Shares on the matters and in
the manner specified in <font style="text-decoration: underline">Section&#xA0;2.1</font>. The
Stockholder shall take all further action or execute such other
instruments as may be necessary to effectuate the intent of any
such proxy. The Stockholder affirms that the irrevocable proxy
given by it hereby with respect to the Merger Agreement and the
transactions contemplated thereby is given to Parent by the
Stockholder to secure the performance of the obligations of the
Stockholder under this Agreement. It is agreed that Parent (and its
officers on behalf of Parent) will use the irrevocable proxy that
is granted by the Stockholder hereby only in accordance with
applicable Legal Requirements and that, to the extent Parent (and
its officers on behalf of Parent) uses such irrevocable proxy, it
will only vote (or sign written consents in respect of) the Subject
Shares subject to such irrevocable proxy with respect to the
matters specified in, and in accordance with the provisions of,
<font style="text-decoration: underline">Section&#xA0;2.1</font>.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 144px"><font style="font-family: Times New Roman; font-size: 13px">SECTION
2.3</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Nature of Irrevocable
Proxy</font>.<font style="font-weight: bold">&#xA0;</font>The proxy
granted pursuant to <font style="text-decoration: underline">Section&#xA0;2.2</font> to Parent by
the Stockholder shall be irrevocable during the term of this
Agreement, shall be deemed to be coupled with an interest
sufficient in law to support an irrevocable proxy and shall revoke
any and all prior proxies or powers of attorney granted by the
Stockholder and no subsequent proxy or power of attorney shall be
given or written consent executed (and if given or executed, shall
not be effective) by the Stockholder with respect thereto. The
proxy that may be granted hereunder shall terminate upon the
termination of this Agreement, but shall survive the death or
incapacity of the Stockholder and any obligation of the Stockholder
under this Agreement shall be binding upon the heirs, personal
representatives and successors of the Stockholder.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
</div>
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<div id="hdr">
<div style="text-align: right; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
ARTICLE III</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold"><font style="font-family: Times New Roman; font-size: 13px">COVENANTS</font></font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 144px"><font style="font-family: Times New Roman; font-size: 13px">SECTION
3.1</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Subject Shares</font>.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 96px"><font style="font-family: Times New Roman; font-size: 13px">(a)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">The Stockholder
agrees that (i) from the date hereof until the Effective Time, it
shall not, and shall not commit or agree to, without Parent&#x2019;s
prior written consent, directly or indirectly, whether by merger,
consolidation or otherwise,&#xA0;offer for sale, sell (including
short sales), transfer, tender, pledge, encumber, assign or
otherwise dispose of (including by gift or by operation of law)
(collectively, a &#x201C;<font style="text-decoration: underline">Transfer</font>&#x201D;), or enter into
any contract, option, derivative, hedging or other agreement or
arrangement or understanding (including any profit-sharing
arrangement) with respect to, or consent to or permit, a Transfer
of, any or all of the Subject Shares or any interest therein; and
(ii) during the Voting Period, it shall not, and shall not commit
or agree to, without Parent&#x2019;s prior written consent, (A)
grant any proxies or powers of attorney with respect to any or all
of the Subject Shares or agree to vote (or sign written consents in
respect of) the Subject Shares on any matter or divest itself of
any voting rights in the Subject Shares, or (B) take any action
that would have the effect of preventing or disabling the
Stockholder from performing its obligations under this Agreement.
Notwithstanding the foregoing, the Stockholder may (1)&#xA0; make
transfers or dispositions of the Subject Shares to any member of
the immediate family of the Stockholders or to any trust for the
direct or indirect benefit of the Stockholder or the immediate
family of the Stockholder, (2)&#xA0;make transfers or dispositions
of the Subject Shares by will, other testamentary document or
intestate succession to the legal representative, heir, beneficiary
or a member of the immediate family of the Stockholder,
(3)&#xA0;make transfers of the Subject Shares to stockholders,
direct or indirect affiliates (within the meaning set forth in
Rule&#xA0;405 under the Securities Act of&#xA0;1933, as amended),
current or former partners (general or limited), members or
managers of the Stockholder, as applicable, or to the estates of
any such stockholders, affiliates, partners, members or managers,
or to another corporation, partnership, limited liability company
or other business entity that controls, is controlled by or is
under common control with the Stockholder, (4)&#xA0;make transfers
that occur by operation of law pursuant to a qualified domestic
relations order or in connection with a divorce settlement,
(5)&#xA0;make transfers or dispositions not involving a change in
beneficial ownership and (6)&#xA0;if the Stockholder is a trust,
make transfers or dispositions to any beneficiary of the
Stockholder or the estate of any such beneficiary. The Stockholder
agrees that any Transfer of Subject Shares not permitted hereby
shall be null and void and that any such prohibited Transfer shall
be enjoined. If any voluntary or involuntary transfer of any
Subject Shares covered hereby shall occur (including, but not
limited to, a sale by the Stockholder&#x2019;s trustee in
bankruptcy, or a sale to a purchaser at any creditor&#x2019;s or
court sale), the transferee (which term, as used herein, shall
include any and all transferees and subsequent transferees of the
initial transferee) shall take and hold such Subject Shares subject
to all of the restrictions, liabilities and rights under this
Agreement, which shall continue in full force and
effect.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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</div>
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<div style="text-align: right; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 96px"><font style="font-family: Times New Roman; font-size: 13px">(b)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">In the event of a
stock dividend or distribution, or any change in the Subject Shares
by reason of any stock dividend or distribution, split-up,
recapitalization, combination, conversion, exchange of shares or
the like, the term &#x201C;Subject Shares&#x201D; shall be deemed to
refer to and include the Subject Shares as well as all such stock
dividends and distributions and any securities into which or for
which any or all of the Subject Shares may be changed or exchanged
or which are received in such transaction. The Stockholder further
agrees that, in the event Stockholder purchases or otherwise
acquires beneficial or record ownership of or an interest in, or
acquires the right to vote or share in the voting of, any
additional Shares, in each case after the execution of this
Agreement, the Stockholder shall deliver promptly to Parent written
notice of such event, which notice shall state the number of
additional Shares so acquired. The Stockholder agrees that any such
additional Shares shall be subject to the terms of this Agreement,
including all covenants, agreements, obligations, representations
and warranties set forth herein as if those additional shares were
owned by the Stockholder on the date of this
Agreement.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 144px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">SECTION
3.2</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Stockholder&#x2019;s Capacity</font>.
All agreements and understandings made herein shall be made solely
in the Stockholder&#x2019;s capacity as a holder of the Subject
Shares and not in any other capacity.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 144px"><font style="font-family: Times New Roman; font-size: 13px">SECTION
3.3</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Other Offers</font>. Except to the
extent Company is permitted to take such action pursuant to the
Merger Agreement, neither the Stockholder (in the
Stockholder&#x2019;s capacity as such), shall, nor shall the
Stockholder authorize or permit any of its Representatives to, take
any of the following actions: (i) solicit, initiate, knowingly
encourage or knowingly facilitate an Acquisition Proposal, (ii)
furnish any non-public information regarding Parent to any Person
in connection with or in response to an Acquisition Proposal, (iii)
engage in, enter into, continue or otherwise participate in any
discussions or negotiations with any Person with respect to, or
otherwise knowingly cooperate in any way with any person (or any
representative thereof) with respect to, any Acquisition Proposal,
(iv) approve, endorse or recommend or propose to approve, endorse
or recommend, any Acquisition Proposal or (v) enter into any letter
of intent or similar document or any Contract contemplating,
approving, endorsing or recommending or proposing to approve,
endorse or recommend, any Acquisition Transaction or accepting any
Acquisition Proposal; provided, however, that none of the foregoing
restrictions shall apply to the Stockholder&#x2019;s and its
Representatives&#x2019; interactions with Parent, Merger Sub and
their respective subsidiaries and representatives. Without limiting
the foregoing, it is understood that any violation of the foregoing
restrictions by any Representatives of the Stockholder shall be
deemed to be a breach of this <font style="text-decoration: underline">Section 3.3</font> by the Stockholder.
The Stockholder shall, and shall use reasonable best efforts to
cause its Representatives to, immediately cease any and all
existing discussions or negotiations with any Persons conducted
heretofore with respect to any Acquisition Proposal.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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</div>
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<div style="text-align: right; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 144px"><font style="font-family: Times New Roman; font-size: 13px">SECTION
3.4</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Communications</font>. During the
Voting Period, the Stockholder shall not, and shall use its
reasonable best efforts to cause its Representatives, if any, not
to, directly or indirectly, make any press release, public
announcement or other public communication that criticizes or
disparages this Agreement or the Merger Agreement or any of the
transactions contemplated hereby and thereby, without the prior
written consent of Parent, provided that the foregoing shall not
limit or affect any actions taken by the Stockholder (or any
affiliated officer or director of Stockholder) that would be
permitted to be taken by Stockholder pursuant to the Merger
Agreement. The Stockholder hereby (i) consents to and authorizes
the publication and disclosure by Parent, Merger Sub and Company
(including in any publicly filed documents relating to the Merger
or any transaction contemplated by the Merger Agreement) of: (a)
the Stockholder&#x2019;s identity; (b) the Stockholder&#x2019;s
beneficial ownership of the Subject Shares; and (c) the nature of
the Stockholder&#x2019;s commitments, arrangements and
understandings under this Agreement, and any other information that
Parent, Merger Sub or Company determines to be necessary in any SEC
disclosure document in connection with the Merger or any
transactions contemplated by the Merger Agreement and (ii) agrees
as promptly as practicable to notify Parent, Merger Sub and Company
of any required corrections with respect to any written information
supplied by the Stockholder specifically for use in any such
disclosure document.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 144px"><font style="font-family: Times New Roman; font-size: 13px">SECTION
3.5</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Voting Trusts</font>. The Stockholder
agrees that it will not, nor will it permit any entity under its
control to, deposit any of its Subject Shares in a voting trust or
subject any of its Subject Shares to any arrangement with respect
to the voting of such Subject Shares other than as provided
herein.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 144px"><font style="font-family: Times New Roman; font-size: 13px">SECTION
3.6</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Waiver of Appraisal Rights</font>. The
Stockholder hereby irrevocably and unconditionally waives, and
agrees not to assert, exercise or perfect (or attempt to exercise,
assert or perfect) any rights of appraisal or rights to dissent
from the Merger or quasi-appraisal rights that it may at any time
have under applicable Legal Requirements, including Section 262 of
the DGCL. The Stockholder agrees not to commence, join in,
facilitate, assist or encourage, and agrees to take all actions
necessary to opt out of any class in any class action with respect
to, any claim, derivative or otherwise, against Parent, Company or
any of their respective successors, directors or officers, (a)
challenging the validity, binding nature or enforceability of, or
seeking to enjoin the operation of, this Agreement or the Merger
Agreement, or (b) alleging a breach of any fiduciary duty of any
Person in connection with the evaluation, negotiation, entry into
or consummation of the Merger Agreement.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
ARTICLE IV</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold"><font style="font-family: Times New Roman; font-size: 13px">REPRESENTATIONS AND
WARRANTIES OF STOCKHOLDER</font></font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 144px">
<font style="font-family: Times New Roman; font-size: 13px">The
Stockholder hereby represents and warrants to Parent as
follows:</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 144px"><font style="font-family: Times New Roman; font-size: 13px">SECTION
4.1</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Due Authorization, etc</font>. The
Stockholder is a natural person, corporation, limited partnership
or limited liability company. If Stockholder is a corporation,
limited partnership or limited liability company, Stockholder is an
entity duly organized, validly existing and in good standing under
the laws of the jurisdiction in which it is incorporated, organized
or constituted. The Stockholder has all necessary power and
authority to execute and deliver this Agreement and to consummate
the transactions contemplated hereby. The execution and delivery of
this Agreement and the consummation of the transactions
contemplated hereby by the Stockholder have been duly authorized by
all necessary action on the part of the Stockholder and no other
proceedings on the part of the Stockholder are necessary to
authorize this Agreement, or to consummate the transactions
contemplated hereby. This Agreement has been duly executed and
delivered by the Stockholder and (assuming the due authorization,
execution and delivery by Parent) constitutes a valid and binding
obligation of the Stockholder, enforceable against the Stockholder
in accordance with its terms, except to the extent enforcement is
limited by bankruptcy, insolvency, fraudulent transfer,
reorganization, moratorium and similar Legal Requirements of
general applicability relating to or affecting creditors&#x2019;
rights and by general equitable principles.</font></div>
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<div style="text-align: right; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
</div>
</div>
<div style="margin-left: 0px; text-indent: 144px"><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 144px"><font style="font-family: Times New Roman; font-size: 13px">SECTION
4.2</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Ownership of Shares</font>.
<font style="text-decoration: underline">Schedule I</font> hereto
sets forth opposite the Stockholder&#x2019;s name the Shares over
which the Stockholder has sole record and beneficial ownership as
of the date hereof. As of the date hereof, the Stockholder is the
lawful owner of the Shares denoted as being owned by the
Stockholder on <font style="text-decoration: underline">Schedule
I</font> hereto, has the sole power to vote or cause to be voted
such Shares and has the sole power to dispose of or cause to be
disposed such Shares (other than, if Stockholder is a partnership
or a limited liability company, the rights and interest of persons
and entities that own partnership interests or units in Stockholder
under the partnership agreement or operating agreement governing
Stockholder and applicable partnership or limited liability company
law, or if Stockholder is a married individual and resides in a
state with community property laws, the community property interest
of his or her spouse to the extent applicable under such community
property laws, which spouse hereby consents to this Agreement by
executing the spousal consent attached hereto). The Stockholder
has, and will at all times up until the Expiration Time have, good
and valid title to the Shares denoted as being owned by the
Stockholder on <font style="text-decoration: underline">Schedule
I</font> hereto, free and clear of any and all pledges, mortgages,
liens, charges, proxies, voting agreements, encumbrances, adverse
claims, options, security interests and demands of any nature or
kind whatsoever, other than (i) those created by this Agreement, or
(ii) those existing under applicable securities laws.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 144px"><font style="font-family: Times New Roman; font-size: 13px">SECTION
4.3</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">No Conflicts</font>. (a)&#xA0;No
filing with any Governmental Body, and no authorization, consent or
approval of any other person is necessary for the execution of this
Agreement by the Stockholder and (b) none of the execution and
delivery of this Agreement by the Stockholder, the consummation by
the Stockholder of the transactions contemplated hereby or
compliance by the Stockholder with any of the provisions hereof
shall (i) conflict with or result in any breach of the
organizational documents of the Stockholder, (ii) result in, or
give rise to, a violation or breach of or a default under any of
the terms of any material contract, understanding, agreement or
other instrument or obligation to which the Stockholder is a party
or by which the Stockholder or any of the Subject Shares or its
assets may be bound or (iii) violate any applicable order, writ,
injunction, decree, judgment, statute, rule or regulation, except
for any of the foregoing as would not reasonably be expected to
impair the Stockholder&#x2019;s ability to perform its obligations
under this Agreement.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 144px"><font style="font-family: Times New Roman; font-size: 13px">SECTION
4.4</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Finder&#x2019;s Fees</font>. No
investment banker, broker, finder or other intermediary is entitled
to a fee or commission from Parent, Merger Sub or Company in
respect of this Agreement based upon any Contract made by or on
behalf of the Stockholder, solely in the Stockholder&#x2019;s
capacity as a stockholder of Company.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 144px"><font style="font-family: Times New Roman; font-size: 13px">SECTION
4.5</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">No Litigation</font>. As of the date
of this Agreement, there is no Legal Proceeding pending or, to the
knowledge of the Stockholder, threatened against the Stockholder
that would reasonably be expected to impair the ability of the
Stockholder to perform its obligations hereunder or consummate the
transactions contemplated hereby.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<div id="ftr">
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</div>
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<div id="hdr">
<div style="text-align: right; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
ARTICLE V</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold"><font style="font-family: Times New Roman; font-size: 13px">TERMINATION</font></font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 144px"><font style="font-family: Times New Roman; font-size: 13px">SECTION
5.1</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Termination</font>.<font style="font-weight: bold">&#xA0;</font>This Agreement shall automatically
terminate, and neither Parent nor the Stockholder shall have any
rights or obligations hereunder and this Agreement shall become
null and void and have no effect upon the earliest to occur of: (a)
the Effective Time; or (b) the valid termination of the Merger
Agreement in accordance with its terms. The parties acknowledge
that, upon termination of this Agreement as permitted under and in
accordance with the terms of this <font style="text-decoration: underline">Article V</font>, no party to this
Agreement shall have the right to recover any claim with respect to
any losses suffered by such party in connection with such
termination, except that, subject to <font style="text-decoration: underline">Section 6.11</font>, the termination
of this Agreement shall not relieve either party to this Agreement
from liability for such party&#x2019;s intentional breach of any
terms of this Agreement. Notwithstanding anything to the contrary
herein, the provisions of this <font style="text-decoration: underline">Article V</font> and <font style="text-decoration: underline">Article VI</font> shall survive the
termination of this Agreement.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
ARTICLE VI</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold"><font style="font-family: Times New Roman; font-size: 13px">MISCELLANEOUS</font></font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 144px"><font style="font-family: Times New Roman; font-size: 13px">SECTION
6.1</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline; color: #0C0C0C">Further
Actions</font><font style="color: #0C0C0C">.</font> Subject to the
terms and conditions set forth in this Agreement, <font style="color: #0C0C0C">the Stockholder</font> agrees to take any and all
actions and to do all things reasonably necessary to effectuate
this Agreement.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 144px"><font style="color: #191919; font-family: Times New Roman; font-size: 13px">SECTION
6.2</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Fees and Expenses</font>. Except as
otherwise specifically provided herein, each party shall bear its
own expenses in connection with this Agreement and the transactions
contemplated hereby.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 144px"><font style="color: #262626; font-family: Times New Roman; font-size: 13px">SECTION
6.3</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline; color: #191919">Amendments,
Waivers</font><font style="text-decoration: underline">,
etc</font>. This Agreement may not be amended except by an
instrument in writing signed by the parties hereto and specifically
referencing this Agreement. The failure of any party to assert any
rights or remedies shall not constitute a waiver of such rights or
remedies<font style="color: #262626">.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 144px"><font style="font-family: Times New Roman; font-size: 13px">SECTION
6.4</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Notices</font>. Any notice, request,
instruction or other document required to be given hereunder shall
be sufficient if in writing, and sent by confirmed electronic mail
transmission of a &#x201C;portable document format&#x201D;
(&#x201C;.pdf&#x201D;) attachment (provided that any notice received
by electronic mail transmission or otherwise at the
addressee&#x2019;s location on any business day after 5:00 p.m.
(addressee&#x2019;s local time) shall be deemed to have been
received at 9:00 a.m. (addressee&#x2019;s local time) on the next
business day), by reliable overnight delivery service (with proof
of service), or hand delivery, addressed as follows:</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
</div>
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<div id="hdr">
<div style="text-align: right; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">If to
Parent, to</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 144px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">DropCar,
Inc.</font></div>
<div style="text-align: left; margin-left: 144px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">1412
Broadway, Suite 2105</font></div>
<div style="text-align: left; margin-left: 144px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">New
York, New York 10018</font></div>
<div style="text-align: left; margin-left: 144px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Attention: Chairman
of the Board of Directors</font></div>
<div style="text-align: left; margin-left: 144px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Email:
jsilverman@parkfieldfund.com</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 144px; margin-right: 0px; text-indent: -96px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">with
a copy to (which shall not constitute notice):</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 144px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Mintz,
Levin, Cohn, Ferris, Glovsky and Popeo, P.C.</font></div>
<div style="text-align: left; margin-left: 144px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">666
Third Avenue</font></div>
<div style="text-align: left; margin-left: 144px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">New
York, NY 10017</font></div>
<div style="text-align: left; margin-left: 144px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Attn:&#xA0; Kenneth
R. Koch</font></div>
<div style="text-align: left; margin-left: 144px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Daniel
A. Bagliebter</font></div>
<div style="text-align: left; margin-left: 144px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Email:
&#xA0;&#xA0; krkoch@mintz.com</font></div>
<div style="text-align: left; margin-left: 144px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">dabagliebter@mintz.com</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">
If to</font> the<font style="color: #000000">&#xA0;</font>Stockholder, to the address or
electronic mail address set forth on the signature pages
hereto<font style="color: #000000">, or to such other person or
address as any party shall specify by written notice so</font>
<font style="color: #262626">given</font><font style="color: #000000">.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 144px"><font style="font-family: Times New Roman; font-size: 13px">SECTION
6.5</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Headings</font>. Headings of the
Articles and Sections of this Agreement are for convenience of the
parties only and shall be given no substantive or interpretive
effect whatsoever.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 144px"><font style="font-family: Times New Roman; font-size: 13px">SECTION
6.6</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Severability</font>. The provisions of
this Agreement shall be deemed severable and the invalidity or
unenforceability of any provision shall not affect the validity or
enforceability of the other provisions hereof. If any provision of
this Agreement, or the application of such provision to any person
or any circumstance, is invalid or unenforceable (a) a suitable and
equitable provision shall be substituted therefor in order to carry
out, so far as may be valid and enforceable, the intent and purpose
of such invalid or unenforceable provision and (b) the remainder of
this Agreement and the application of such provision to other
persons or circumstances shall not be affected by such invalidity
or unenforceability, nor shall such invalidity or unenforceability
affect the validity or enforceability of such provision, or the
application of such provision, in any other
jurisdiction.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 144px"><font style="font-family: Times New Roman; font-size: 13px">SECTION
6.7</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Entire Agreement; Assignment</font>.
This Agreement constitutes the entire agreement, and supersedes all
other prior agreements and understandings, both written and oral,
between the parties, or any of them, with respect to the subject
matter hereof. Neither this Agreement nor any of the rights,
interests or obligations hereunder shall be assigned by any of the
parties hereto (whether by operation of law or otherwise) without
the prior written consent of the other parties, except that without
consent, Parent may assign all or any of its rights and obligations
hereunder to any of its Affiliates that assume the rights and
obligations of Parent under the Merger Agreement. Subject to the
preceding two sentences, this Agreement will be binding upon, inure
to the benefit of and be enforceable by the parties hereto and
their respective successors and permitted assigns. Notwithstanding
anything to the contrary set forth herein, the Stockholder agrees
that this Agreement and the obligations hereunder shall be binding
upon any Person to which record or beneficial ownership of the
Stockholder&#x2019;s Subject Shares shall pass, whether by operation
or law or otherwise, including the Stockholder&#x2019;s heirs,
guardians, administrators or successors and assigns, and the
Stockholder agrees to take all actions necessary to effect the
foregoing.</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
</div>
<div id="pb" style="text-align: center; margin-left: 0px; margin-right: 0px; margin-bottom: 6px; page-break-after: always; width: 100%; height: 1px; background-color: #000000">
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<div id="hdr">
<div style="text-align: right; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 144px"><font style="font-family: Times New Roman; font-size: 13px">SECTION
6.8</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Governing Law</font>. THIS AGREEMENT
AND ALL QUESTIONS RELATING TO THE INTERPRETATION OR ENFORCEMENT OF
THIS AGREEMENT SHALL BE DEEMED TO BE MADE IN AND IN ALL RESPECTS
SHALL BE INTERPRETED, CONSTRUED AND GOVERNED BY AND IN ACCORDANCE
WITH THE LAW OF THE STATE OF NEW YORK WITHOUT REGARD TO THE
CONFLICTS OF LAW PRINCIPLES THEREOF TO THE EXTENT THAT SUCH
PRINCIPLES WOULD DIRECT A MATTER TO ANOTHER
JURISDICTION.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 144px"><font style="font-family: Times New Roman; font-size: 13px">SECTION
6.9</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Specific
Performance</font><font style="color: #202020">.</font> The
Stockholder acknowledges that any breach of this Agreement would
give rise to irreparable harm for which monetary damages would not
be an adequate remedy and each of Company and Parent shall be
entitled to a decree of specific performance and to temporary,
preliminary and permanent injunctive relief to prevent breaches or
threatened breaches of any of the provisions of this Agreement,
without the necessity of proving the inadequacy of monetary damages
as a remedy, which shall be the sole and exclusive remedy for any
such breach.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 144px"><font style="font-family: Times New Roman; font-size: 13px">SECTION
6.10</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Submission to Jurisdiction</font>. The
parties hereby irrevocably submit to the exclusive personal
jurisdiction of the state and federal courts sitting in the City of
New York, Borough of Manhattan, and hereby waive, and agree not to
assert, as a defense in any action, suit or proceeding for the
interpretation or enforcement hereof, that it is not subject
thereto or that such action, suit or proceeding may not be brought
or is not maintainable in said courts or that the venue thereof may
not be appropriate or that this Agreement may not be enforced in or
by such courts, and the parties hereto irrevocably agree that all
claims relating to such action, suit or proceeding shall be heard
and determined in such courts. The parties hereby consent to and
grant any such court jurisdiction over the person of such parties
and, to the extent permitted by law, over the subject matter of
such dispute and agree that mailing of process or other papers in
connection with any such action or proceeding in the manner
provided in <font style="text-decoration: underline">Section
6.4</font> or in such other manner as may be permitted by Legal
Requirements shall be valid and sufficient service
thereof.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 144px"><font style="font-family: Times New Roman; font-size: 13px">SECTION
6.11</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Waiver of Jury Trial</font>. EACH
PARTY ACKNOWLEDGES AND AGREES THAT ANY CONTROVERSY WHICH MAY ARISE
UNDER THIS AGREEMENT IS LIKELY TO INVOLVE COMPLICATED AND DIFFICULT
ISSUES, AND THEREFORE EACH SUCH PARTY HEREBY IRREVOCABLY AND
UNCONDITIONALLY WAIVES ANY RIGHT SUCH PARTY MAY HAVE TO A TRIAL BY
JURY IN RESPECT OF ANY LITIGATION DIRECTLY OR INDIRECTLY ARISING
OUT OF OR RELATING TO THIS AGREEMENT OR THE TRANSACTIONS
CONTEMPLATED BY THIS AGREEMENT. EACH PARTY CERTIFIES AND
ACKNOWLEDGES THAT (i) NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY
OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH
OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE
THE FOREGOING WAIVER, (ii) EACH PARTY UNDERSTANDS AND HAS
CONSIDERED THE IMPLICATIONS OF THIS WAIVER, (iii) EACH PARTY MAKES
THIS WAIVER VOLUNTARILY, AND (iv) EACH PARTY HAS BEEN INDUCED TO
ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL
WAIVERS AND CERTIFICATIONS IN THIS <font style="text-decoration: underline">SECTION 6.11</font>.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 144px"><font style="font-family: Times New Roman; font-size: 13px">SECTION
6.12</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Counterparts</font>. This Agreement
may be executed in two or more counterparts (including by facsimile
transmission or other means of electronic transmission, such as by
electronic mail in &#x201C;pdf&#x201D; form), each of which shall be
an original, with the same effect as if the signatures thereto and
hereto were upon the same instrument, and shall become effective
when one or more counterparts have been signed by each of the
parties and delivered (by facsimile or otherwise) to the other
parties.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div id="pn" style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 300px">
<font style="font-family: Times New Roman; font-size: 13px"><br>
</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
<div id="pb" style="text-align: center; page-break-after: always; margin-left: 0px; margin-right: 0px; margin-bottom: 6px; width: 100%; height: 1px; background-color: #000000">
<!--page break--></div>
<div id="hdr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px">IN
WITNESS WHEREOF, Parent and the Stockholder have caused this
Agreement to be duly executed as of the day and year first above
written.</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px; font-family: Times New Roman">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px;">
<table cellpadding="0" cellspacing="0" style="text-align: left; font-family: inherit; font-size: inherit;padding-top: 0px; padding-bottom: 0px; margin-left: 0px; margin-right: auto; width: 100%;">
<tr>
<td style="width: 50%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font>&#xA0;</font></div>
</td>
<td colspan="2" style="vertical-align: top">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px; font-family: Times New Roman">&#xA0;</font>
<font style="font-size: 13px; font-family: Times New Roman">&#xA0;</font>
<font style="color: #000000; font-weight: bold; font-size: 13px; font-family: Times New Roman">
DROPCAR INC.</font> <font style="font-size: 13px; font-family: Times New Roman">&#xA0;</font>
<font style="font-size: 13px; font-family: Times New Roman">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 10%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px; font-family: Times New Roman">&#xA0;</font></div>
</td>
</tr><tr>
<td style="width: 50%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font>&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 5%">
<div style="text-align: left; margin-left: 36px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px; font-family: Times New Roman">By:
&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 35%; border-bottom: 2px solid #000000">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px; font-family: Times New Roman">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 10%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px; font-family: Times New Roman">&#xA0;</font></div>
</td>
</tr><tr>
<td style="width: 50%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font>&#xA0;</font></div>
</td>
<td colspan="2" style="vertical-align: top">
<div style="text-align: left; margin-left: 96px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px; font-family: Times New Roman">Name:</font>
<font style="font-size: 13px; font-family: Times New Roman">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 10%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px; font-family: Times New Roman">&#xA0;</font></div>
</td>
</tr><tr>
<td style="width: 50%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font>&#xA0;</font></div>
</td>
<td colspan="2" style="vertical-align: top">
<div style="text-align: left; margin-left: 96px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px; font-family: Times New Roman">Title:</font>
<font style="font-size: 13px; font-family: Times New Roman">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 10%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px; font-family: Times New Roman">&#xA0;</font></div>
</td>
</tr></table>
</div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px; font-family: Times New Roman">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px; font-family: Times New Roman">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px; font-family: Times New Roman">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font><font style="font-size: 13px; font-family: Times New Roman">&#xA0;</font>
&#xA0;&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px; font-family: Times New Roman">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px;">
<table cellpadding="0" cellspacing="0" style="text-align: left; font-family: inherit; font-size: inherit;padding-top: 0px; padding-bottom: 0px; margin-left: 0px; margin-right: auto; width: 100%;">
<tr>
<td style="width: 50%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font>&#xA0;</font></div>
</td>
<td colspan="2" style="vertical-align: top">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font>&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 10%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px; font-family: Times New Roman">&#xA0;</font></div>
</td>
</tr><tr>
<td style="width: 50%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font>&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 5%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font>&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 35%; border-bottom: 2px solid #000000">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font>&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 10%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px; font-family: Times New Roman">&#xA0;</font></div>
</td>
</tr><tr>
<td style="width: 50%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font>&#xA0;</font></div>
</td>
<td colspan="2" style="vertical-align: top">
<div style="text-align: left; margin-left: 96px; margin-right: 0px; text-indent: 0px"><font style="font-weight: bold; font-size: 13px; font-family: Times New Roman">[STOCKHOLDER]</font></div>
</td>
<td style="vertical-align: top; width: 10%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px; font-family: Times New Roman">&#xA0;</font></div>
</td>
</tr><tr>
<td style="width: 50%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font>&#xA0;</font></div>
</td>
<td colspan="2" style="vertical-align: top">
<div style="text-align: left; margin-left: 96px; margin-right: 0px; text-indent: 0px"><font style="font-weight: bold; font-size: 13px; font-family: Times New Roman">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 10%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px; font-family: Times New Roman">&#xA0;</font></div>
</td>
</tr><tr>
<td style="width: 50%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font>&#xA0;</font></div>
</td>
<td colspan="2" style="vertical-align: top">
<div style="text-align: left; margin-left: 96px; margin-right: 0px; text-indent: 0px"><font style="font-weight: bold; font-size: 13px; font-family: Times New Roman">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 10%">
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<div style="text-align: left; margin-left: 96px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px; font-family: Times New Roman">Electronic Mail
Address:</font> <font style="font-size: 13px; font-family: Times New Roman">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">[<font style="font-style: italic">Signature
Page to Voting Agreement</font>]</font></div>
</div>
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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-2.4
<SEQUENCE>5
<FILENAME>dcar_ex24.htm
<DESCRIPTION>FORM OF LOCK-UP AGREEMENT
<TEXT>
<html>
<head>
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<title>Blueprint</title>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
Exhibit 2.4</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">DropCar,
Inc.</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Form of
Lock-Up Agreement</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">December
__, 2019</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">This
Lock-Up Agreement (this &#x201C;<font style="font-weight: bold; font-style: italic">Agreement</font>&#x201D;) is
executed in connection with the Agreement and Plan of Merger (the
&#x201C;<font style="font-weight: bold; font-style: italic">Merger
Agreement</font>&#x201D;) by and among DropCar, Inc.
(&#x201C;<font style="font-weight: bold; font-style: italic">Parent</font>&#x201D;), ABC
Merger Sub, Inc., (&#x201C;<font style="font-weight: bold; font-style: italic">Merger Sub</font>&#x201D;),
and Ayro, Inc. (&#x201C;<font style="font-weight: bold; font-style: italic">Company</font>&#x201D;),
dated as of December 20, 2019. Capitalized terms used herein but
not defined shall have the meanings ascribed to such terms in the
Merger Agreement.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">In
connection with, and as an inducement to, the parties entering into
the Merger Agreement and for other good and valuable consideration
the receipt and sufficiency of which is hereby acknowledged, the
undersigned, by executing this Agreement, agrees that, without the
prior written consent of Parent and Company, during the period
commencing at the Effective Time and continuing until the end of
the Lock-Up Period (as hereinafter defined), the undersigned will
not: (1) offer, pledge, sell, contract to sell, sell any option or
contract to purchase, purchase any option or contract to sell,
grant any option, right or warrant to purchase, make any short sale
or otherwise transfer or dispose of or lend, directly or
indirectly, any shares of Common Stock of Parent (the
&#x201C;<font style="font-weight: bold; font-style: italic">Parent
Common Stock</font>&#x201D;) or any securities convertible into,
exercisable or exchangeable for or that represent the right to
receive Parent Common Stock (including without limitation, Parent
Common Stock which may be deemed to be beneficially owned by the
undersigned in accordance with the rules and regulations of the
Securities and Exchange Commission and securities which may be
issued upon exercise of a stock option or warrant) whether now
owned or hereafter acquired (the &#x201C;<font style="font-weight: bold; font-style: italic">Securities</font>&#x201D;);
(2) enter into any swap or other agreement that transfers, in whole
or in part, any of the economic consequences of ownership of the
Securities, whether any such transaction described in clause (1) or
(2) above is to be settled by delivery of Parent Common Stock or
such other securities, in cash or otherwise; (3) make any demand
for or exercise any right with respect to, the registration of any
Parent Common Stock or any security convertible into or exercisable
or exchangeable for Parent Common Stock; (4) except for the Voting
Agreement, grant any proxies or powers of attorney with respect to
any Securities, deposit any Securities into a voting trust or enter
into a voting agreement or similar arrangement or commitment with
respect to any Securities; or (5) publicly disclose the intention
to do any of the foregoing (each of the foregoing restrictions, the
&#x201C;<font style="font-weight: bold; font-style: italic">Lock-Up
Restrictions</font>&#x201D;).</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Notwithstanding
the terms of the foregoing paragraph, the Lock-Up Restrictions
shall automatically terminate and cease to be effective on the date
that is the one (1) year anniversary of the Effective Time. The
period during which the Lock-Up Restrictions apply to the
Securities shall be deemed the &#x201C;<font style="font-weight: bold; font-style: italic">Lock-Up
Period</font>&#x201D; with respect thereto.</font></div>
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</div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">The
undersigned agrees that the Lock-Up Restrictions preclude the
undersigned from engaging in any hedging or other transaction with
respect to any then-subject Securities which is designed to or
which reasonably could be expected to lead to or result in a sale
or disposition of such Securities even if such Securities would be
disposed of by someone other than the undersigned.&#xA0;&#xA0;Such
prohibited hedging or other transactions would include without
limitation any short sale or any purchase, sale or grant of any
right (including without limitation any put or call option) with
respect to such Securities or with respect to any security that
includes, relates to, or derives any significant part of its value
from such Securities.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><a name="_AEIOULastRenderedPageBreakAEIOU2">
<!--anchor--></a>Notwithstanding the foregoing, the undersigned may
transfer any of the Securities (i) as a <font style="font-style: italic">bona fide</font> gift or gifts or charitable
contribution(s), (ii) to any trust for the direct or indirect
benefit of the undersigned or the immediate family of the
undersigned, (iii) if the undersigned is a corporation,
partnership, limited liability company, trust or other business
entity (1) to another corporation, partnership, limited liability
company, trust or other business entity that is a direct or
indirect affiliate (as defined in Rule 405 promulgated under the
Securities Act of 1933, as amended) of the undersigned or (2) as
distributions of shares of Parent Common Stock or any security
convertible into or exercisable for Parent Common Stock to limited
partners, limited liability company members or stockholders of the
undersigned or holders of similar equity interests in the
undersigned, (iv) if the undersigned is a trust, to the beneficiary
of such trust, (v) by testate succession or intestate succession,
(vi) to any immediate family member, any investment fund, family
partnership, family limited liability company or other entity
controlled or managed by the undersigned, (vii) to a nominee or
custodian of a person or entity to whom a disposition or transfer
would be permissible under clauses (i) through (vi), (viii) to
Parent in a transaction exempt from Section 16(b) of the Securities
Exchange Act of 1934, as amended (the &#x201C;<font style="font-weight: bold; font-style: italic">Exchange Act</font>&#x201D;)
upon a vesting event of the Securities or upon the exercise of
options or warrants to purchase Parent Common Stock on a
&#x201C;cashless&#x201D; or &#x201C;net exercise&#x201D; basis or to
cover tax withholding obligations of the undersigned in connection
with such vesting or exercise (but for the avoidance of doubt,
excluding all manners of exercise that would involve a sale in the
open market of any securities relating to such options or warrants,
whether to cover the applicable aggregate exercise price,
withholding tax obligations or otherwise), (ix) to Parent in
connection with the termination of employment or other termination
of a service provider and pursuant to agreements in effect as of
the Effective Time whereby Parent has the option to repurchase such
shares or securities, (x) acquired by the undersigned in open
market transactions after the Effective Time, (xi) pursuant to a
bona fide third party tender offer, merger, consolidation or other
similar transaction made to all holders of Parent&#x2019;s capital
stock involving a change of control of Parent, provided that in the
event that such tender offer, merger, consolidation or other such
transaction is not completed, the Securities shall remain subject
to the restrictions contained in this Agreement, or (xii) pursuant
to an order of a court or regulatory agency; <font style="font-style: italic">provided,</font> in the case of clauses
(i)-(vii), that (A) such transfer shall not involve a disposition
for value and (B) the transferee agrees in writing with Parent to
be bound by the terms of this Agreement; and <font style="font-style: italic">provided, further</font>, in the case of
clauses (i)-(ix), no filing by any party under Section 16(a) of the
Exchange Act shall be required or shall be made voluntarily in
connection with such transfer.&#xA0;&#xA0;For purposes of this
Agreement, &#x201C;immediate family&#x201D; shall mean any
relationship by blood, marriage or adoption, not more remote than
first cousin.&#xA0;&#xA0;</font></div>
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</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">In
addition, the foregoing restrictions shall not apply to
(i)&#xA0;the exercise of stock options granted pursuant to equity
incentive plans existing immediately following the Effective Time,
including the &#x201C;net&#x201D; exercise of such options in
accordance with their terms and the surrender of Parent Common
Stock in lieu of payment in cash of the exercise price and any tax
withholding obligations due as a result of such exercise (but for
the avoidance of doubt, excluding all manners of exercise that
would involve a sale in the open market of any securities relating
to such options, whether to cover the applicable aggregate exercise
price, withholding tax obligations or otherwise); <font style="font-style: italic">provided</font> that it shall apply to any of
the Securities issued upon such exercise, (ii)&#xA0;conversion or
exercise of warrants into Parent Common Stock or into any other
security convertible into or exercisable for Parent Common Stock
that are outstanding as of the Effective Time (but for the
avoidance of doubt, excluding all manners of conversion or exercise
that would involve a sale in the open market of any securities
relating to such warrants, whether to cover the applicable
aggregate exercise price, withholding tax obligations or
otherwise); <font style="font-style: italic">provided</font> that
it shall apply to any of the Securities issued upon such conversion
or exercise; and <font style="font-style: italic">provided,
further</font> that the recipient of Parent Common Stock agrees in
writing with Parent to be bound by the terms of this Agreement, or
(iii) the establishment of any contract, instruction or plan (a
&#x201C;<font style="font-weight: bold; font-style: italic">Plan</font>&#x201D;) that
satisfies all of the requirements of Rule 10b5-1(c)(1)(i)(B) under
the Exchange Act; <font style="font-style: italic">provided</font>
that no sales of the Securities shall be made pursuant to such a
Plan prior to the expiration of the Lock-Up Period, and such a Plan
may only be established if no public announcement of the
establishment or existence thereof and no filing with the
Securities and Exchange Commission or other regulatory authority in
respect thereof or transactions thereunder or contemplated thereby,
by the undersigned, Parent or any other person, shall be required,
and no such announcement or filing is made voluntarily, by the
undersigned, Parent or any other person, prior to the expiration of
the applicable Lock-Up Period.&#xA0;&#xA0;In furtherance of the
foregoing, Parent and its transfer agent and registrar are hereby
authorized to decline to make any transfer of shares of Parent
Common Stock if such transfer would constitute a violation or
breach of this Agreement.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">The
undersigned hereby represents and warrants that the undersigned has
full power and authority to enter into this Agreement and that upon
request, the undersigned will execute any additional documents
reasonably necessary to ensure the validity or enforcement of this
Agreement. All authority herein conferred or agreed to be conferred
and any obligations of the undersigned shall be binding upon the
successors, assigns, heirs or personal representatives of the
undersigned.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">The
undersigned understands that the undersigned shall be released from
all obligations under this Agreement if the Merger Agreement is
terminated prior to the Effective Date pursuant to its terms, upon
the date of such termination.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">The
undersigned understands that Parent, Merger Sub and Company are
entering into the Merger Agreement in reliance upon this
Agreement.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">This
Agreement shall be governed by, and construed in accordance with,
the laws of the State of New York.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">This
Agreement, and any certificates, documents, instruments and
writings that are delivered pursuant hereto, constitutes the entire
agreement and understanding of Parent, Company and the undersigned
in respect of the subject matter hereof and supersedes all prior
understandings, agreements or representations by or among Parent,
Company and the undersigned, written or oral, to the extent they
relate in any way to the subject matter hereof</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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</div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Very
truly yours,</font></div>
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</tr></table>
</div>
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<font style="font-family: Times New Roman; font-size: 13px">Printed
Name of Holder</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">By:</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Signature</font></div>
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<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Printed Name of Person Signing</font></div>
</td>
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<td style="vertical-align: top; width: 49%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">(and
indicate capacity of person signing if</font></div>
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<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">signing
as custodian, trustee, or on behalf of an entity)</font></div>
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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-2.5
<SEQUENCE>6
<FILENAME>dcar_ex25.htm
<DESCRIPTION>ASSET PURCHASE AGREEMENT
<TEXT>
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<font style="font-family: Times New Roman; font-size: 13px;"><font style="font-weight: bold">
Exhibit 2.5</font><br></font></div>
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ASSET PURCHASE AGREEMENT</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;among</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
DropCar, Inc.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">and</font></div>
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<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
DropCar Operating Company, Inc.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">and</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
DC Partners Acquisition, LLC</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">and</font></div>
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<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
Spencer Richardson</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">and</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
David Newman</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">dated
as of</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
December 19, 2019</font></div>
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</font></div>
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TABLE OF CONTENTS</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div>
<table cellpadding="0" cellspacing="0" style="width: 100%; font-family: Times New Roman; font-size: 13px">
<tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 89%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
ARTICLE I DEFINITIONS</font></div>
</td>
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<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
1</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 89%">
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<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
ARTICLE II PURCHASE AND SALE</font></div>
</td>
<td style="vertical-align: bottom; width: 11%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
6</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 89%">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
2.01 Purchase and Sale of Assets</font></div>
</td>
<td style="vertical-align: bottom; width: 11%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
6</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 89%">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
2.02 Excluded Assets</font></div>
</td>
<td style="vertical-align: bottom; width: 11%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
6</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 89%">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
2.03 Assumed Liabilities</font></div>
</td>
<td style="vertical-align: bottom; width: 11%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
7</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 89%">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
2.04 Excluded Liabilities</font></div>
</td>
<td style="vertical-align: bottom; width: 11%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
7</font></div>
</td>
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<td style="vertical-align: bottom; width: 89%">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
2.05 Purchase Price</font></div>
</td>
<td style="vertical-align: bottom; width: 11%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
7</font></div>
</td>
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<td style="vertical-align: bottom; width: 89%">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
2.06 Allocation of Purchase Price</font></div>
</td>
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<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
8</font></div>
</td>
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<td style="vertical-align: bottom; width: 89%">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
2.07 Non-assignable Assets</font></div>
</td>
<td style="vertical-align: bottom; width: 11%">
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<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
8</font></div>
</td>
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<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
ARTICLE III CLOSING</font></div>
</td>
<td style="vertical-align: bottom; width: 11%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
9</font></div>
</td>
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<td style="vertical-align: bottom; width: 89%">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
3.01 Closing</font></div>
</td>
<td style="vertical-align: bottom; width: 11%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
9</font></div>
</td>
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<td style="vertical-align: bottom; width: 89%">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
3.02 Closing Deliverables</font></div>
</td>
<td style="vertical-align: bottom; width: 11%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
9</font></div>
</td>
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<td style="vertical-align: bottom; width: 89%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
ARTICLE IV REPRESENTATIONS AND WARRANTIES OF SELLER</font></div>
</td>
<td style="vertical-align: bottom; width: 11%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
10</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 89%">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
4.01 Organization and Qualification of Seller</font></div>
</td>
<td style="vertical-align: bottom; width: 11%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
10</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 89%">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
4.02 Authority of Seller</font></div>
</td>
<td style="vertical-align: bottom; width: 11%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
10</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 89%">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
4.03 No Conflicts; Consents</font></div>
</td>
<td style="vertical-align: bottom; width: 11%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
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</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 89%">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
4.04 No Other Representations and Warranties</font></div>
</td>
<td style="vertical-align: bottom; width: 11%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
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<td style="vertical-align: bottom; width: 89%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
ARTICLE V REPRESENTATIONS AND WARRANTIES OF BUYER</font></div>
</td>
<td style="vertical-align: bottom; width: 11%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
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</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 89%">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
5.01 Organization and Authority of Buyer</font></div>
</td>
<td style="vertical-align: bottom; width: 11%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
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</td>
</tr><tr>
<td style="vertical-align: bottom; width: 89%">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
5.02 Authority of Buyer</font></div>
</td>
<td style="vertical-align: bottom; width: 11%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
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</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 89%">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
5.03 No Conflicts; Consents</font></div>
</td>
<td style="vertical-align: bottom; width: 11%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
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</td>
</tr><tr>
<td style="vertical-align: bottom; width: 89%">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
5.04 Brokers</font></div>
</td>
<td style="vertical-align: bottom; width: 11%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
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</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 89%">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
5.05 Solvency</font></div>
</td>
<td style="vertical-align: bottom; width: 11%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
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</td>
</tr><tr>
<td style="vertical-align: bottom; width: 89%">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
5.06 Legal Proceedings</font></div>
</td>
<td style="vertical-align: bottom; width: 11%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
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</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 89%">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
5.07 Independent Investigation</font></div>
</td>
<td style="vertical-align: bottom; width: 11%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
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</td>
</tr><tr>
<td style="vertical-align: bottom; width: 89%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
ARTICLE VI COVENANTS</font></div>
</td>
<td style="vertical-align: bottom; width: 11%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
14</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 89%">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
6.01 Conduct of Business Prior to the Closing</font></div>
</td>
<td style="vertical-align: bottom; width: 11%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
14</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 89%">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
6.02 Supplement to Disclosure Schedules</font></div>
</td>
<td style="vertical-align: bottom; width: 11%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
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</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 89%">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
6.03 Employees and Employee Benefits</font></div>
</td>
<td style="vertical-align: bottom; width: 11%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
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</td>
</tr><tr>
<td style="vertical-align: bottom; width: 89%">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
6.04 Confidentiality</font></div>
</td>
<td style="vertical-align: bottom; width: 11%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
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</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 89%">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
6.05 Governmental Approvals and Consents</font></div>
</td>
<td style="vertical-align: bottom; width: 11%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
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</tr></table>
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</div>
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<table cellpadding="0" cellspacing="0" style="width: 100%; font-family: Times New Roman; font-size: 13px">
<tr>
<td style="vertical-align: bottom; width: 89%">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
6.06 Books and Records</font></div>
</td>
<td style="vertical-align: bottom; width: 11%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
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</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 89%">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
6.07 Closing Conditions</font></div>
</td>
<td style="vertical-align: bottom; width: 11%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
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</td>
</tr><tr>
<td style="vertical-align: bottom; width: 89%">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
6.08 Public Announcements</font></div>
</td>
<td style="vertical-align: bottom; width: 11%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
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</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 89%">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
6.09 Bulk Sales Laws</font></div>
</td>
<td style="vertical-align: bottom; width: 11%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
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</td>
</tr><tr>
<td style="vertical-align: bottom; width: 89%">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
6.10 Transfer Taxes</font></div>
</td>
<td style="vertical-align: bottom; width: 11%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
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</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 89%">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
6.11 Release of Claims</font></div>
</td>
<td style="vertical-align: bottom; width: 11%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
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</td>
</tr><tr>
<td style="vertical-align: bottom; width: 89%">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
6.12 Funding of the Business</font></div>
</td>
<td style="vertical-align: bottom; width: 11%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
17</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 89%">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
6.13 Further Assurances</font></div>
</td>
<td style="vertical-align: bottom; width: 11%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
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</td>
</tr><tr>
<td style="vertical-align: bottom; width: 89%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
ARTICLE VII CONDITIONS TO CLOSING</font></div>
</td>
<td style="vertical-align: bottom; width: 11%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
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</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 89%">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
7.01 Conditions to Obligations of All Parties</font></div>
</td>
<td style="vertical-align: bottom; width: 11%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
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</td>
</tr><tr>
<td style="vertical-align: bottom; width: 89%">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
7.02 Conditions to Obligations of Buyer</font></div>
</td>
<td style="vertical-align: bottom; width: 11%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
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</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 89%">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
7.03 Conditions to Obligations of Seller</font></div>
</td>
<td style="vertical-align: bottom; width: 11%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
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</td>
</tr><tr>
<td style="vertical-align: bottom; width: 89%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
ARTICLE VIII TERMINATION</font></div>
</td>
<td style="vertical-align: bottom; width: 11%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
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</td>
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<td style="vertical-align: bottom; width: 89%">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
8.01 Termination</font></div>
</td>
<td style="vertical-align: bottom; width: 11%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
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</td>
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<td style="vertical-align: bottom; width: 89%">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
8.02 Effect of Termination</font></div>
</td>
<td style="vertical-align: bottom; width: 11%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
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</td>
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<td style="vertical-align: bottom; width: 89%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
ARTICLE IX MISCELLANEOUS</font></div>
</td>
<td style="vertical-align: bottom; width: 11%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
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</td>
</tr><tr>
<td style="vertical-align: bottom; width: 89%">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
9.01 Expenses</font></div>
</td>
<td style="vertical-align: bottom; width: 11%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
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</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 89%">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
9.02 Notices</font></div>
</td>
<td style="vertical-align: bottom; width: 11%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
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</td>
</tr><tr>
<td style="vertical-align: bottom; width: 89%">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
9.03 Interpretation</font></div>
</td>
<td style="vertical-align: bottom; width: 11%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
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</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 89%">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
9.04 Headings</font></div>
</td>
<td style="vertical-align: bottom; width: 11%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
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</td>
</tr><tr>
<td style="vertical-align: bottom; width: 89%">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
9.05 Severability</font></div>
</td>
<td style="vertical-align: bottom; width: 11%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
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</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 89%">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
9.06 Entire Agreement</font></div>
</td>
<td style="vertical-align: bottom; width: 11%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
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</td>
</tr><tr>
<td style="vertical-align: bottom; width: 89%">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
9.07 Successors and Assigns</font></div>
</td>
<td style="vertical-align: bottom; width: 11%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
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</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 89%">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
9.08 No Third-Party Beneficiaries</font></div>
</td>
<td style="vertical-align: bottom; width: 11%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
22</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 89%">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
9.09 Amendment and Modification; Waiver</font></div>
</td>
<td style="vertical-align: bottom; width: 11%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
22</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 89%">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
9.10 Governing Law; Submission to Jurisdiction; Waiver of Jury
Trial</font></div>
</td>
<td style="vertical-align: bottom; width: 11%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
22</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 89%">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
9.11 Specific Performance</font></div>
</td>
<td style="vertical-align: bottom; width: 11%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
23</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom; width: 89%">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
9.12 Counterparts</font></div>
</td>
<td style="vertical-align: bottom; width: 11%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
23</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 89%">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Section
9.13 Non-recourse</font></div>
</td>
<td style="vertical-align: bottom; width: 11%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
23</font></div>
</td>
</tr></table>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10"><br></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
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<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
ASSET PURCHASE AGREEMENT</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">This
Asset Purchase Agreement (this &#x201C;<font style="font-weight: bold">Agreement</font>&#x201D;), dated as of December
19, 2019, is entered into between DropCar, Inc., a Delaware
corporation (&#x201C;<font style="font-weight: bold">Parent</font>&#x201D;), DropCar Operating
Company, Inc., a Delaware corporation (&#x201C;<font style="font-weight: bold">Seller</font>&#x201D;), DC Partners Acquisition,
LLC, a New York limited liability company (&#x201C;<font style="font-weight: bold">Buyer</font>&#x201D;), Spencer Richardson, an
individual (&#x201C;<font style="font-weight: bold">Richardson</font>&#x201D;), and David Newman, an
individual (&#x201C;<font style="font-weight: bold">Newman</font>&#x201D;).</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
RECITALS</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">WHEREAS, Seller is
engaged in the business of providing automotive vehicle support,
fleet logistics, and concierge services for both consumers and the
automotive industry (the &#x201C;<font style="font-weight: bold">Business</font>&#x201D;); and</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">WHEREAS, Seller
wishes to sell and assign to Buyer, and Buyer wishes to purchase
and assume from Seller, substantially all the assets and specified
liabilities (with all other liabilities retained by the Seller) of
the Business, subject to the terms and conditions set forth
herein;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">NOW,
THEREFORE, in consideration of the mutual covenants and agreements
hereinafter set forth and for other good and valuable
consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties hereto agree as follows:</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
<font style="color: #000000">ARTICLE
I</font></font>&#xA0;<br></font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">
DEFINITIONS</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">The
following terms have the meanings specified or referred to in this
ARTICLE I:</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Affiliate</font>&#x201D; of a Person means any
other Person that directly or indirectly, through one or more
intermediaries, controls, is controlled by, or is under common
control with, such Person. The term &#x201C;control&#x201D;
(including the terms &#x201C;controlled by&#x201D; and &#x201C;under
common control with&#x201D;) means the possession, directly or
indirectly, of the power to direct or cause the direction of the
management and policies of a Person, whether through the ownership
of voting securities, by contract or otherwise.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Agreement</font>&#x201D; has the meaning set
forth in the preamble.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Allocation Schedule</font>&#x201D; has the
meaning set forth in Section 2.06.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Assigned Contracts</font>&#x201D; has the
meaning set forth in Section 2.01(b).</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Assignment and Assumption
Agreement</font>&#x201D; has the meaning set forth in Section
3.02(a)(ii).</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Assumed Liabilities</font>&#x201D; has the
meaning set forth in Section 2.03.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Bill of Sale</font>&#x201D; has the meaning set
forth in Section 3.02(a)(i).</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
</div>
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<div id="hdr">
<div style="text-align: right; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Books and Records</font>&#x201D; means
originals, or where not available, copies, of all books and
records, including books of account, ledgers and general, financial
and accounting records, machinery and equipment maintenance files,
customer lists, customer purchasing histories, price lists,
distribution lists, supplier lists, production data, quality
control records and procedures, customer complaints and inquiry
files, research and development files, records and data (including
all correspondence with any Governmental Authority), sales material
and records, strategic plans, internal financial statements and
marketing and promotional surveys, material and research, that
relate to the Business or the Purchased Assets.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Business</font>&#x201D; has the meaning set
forth in the recitals.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Business Day&#x201D;</font> means any day except
Saturday, Sunday or any other day on which commercial banks located
in New York are authorized or required by Law to be closed for
business.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Buyer</font>&#x201D; has the meaning set forth
in the preamble.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Buyer Closing Certificate</font>&#x201D; has the
meaning set forth in Section 7.03(d).</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Change in Control</font>&#x201D; means, with
respect to Parent, the occurrence of any of the
following:</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 72px; display: table">
<div style="display: table-row">
<div style="text-align: left; display: table-cell; width: 24px">
<font style="font-family: Times New Roman; font-size: 13px">(a)</font></div>
<div style="text-align: justify; display: table-cell"><font style="font-family: Times New Roman; font-size: 13px">a tender offer (or
series of related offers) shall be made and consummated for the
ownership of 50% or more of the outstanding voting securities of
Parent, unless as a result of such tender offer more than 50% of
the outstanding voting securities of the surviving or resulting
corporation shall be owned in the aggregate by the stockholders of
Parent (as of the time immediately prior to the commencement of
such offer), any employee benefit plan of Parent or its
subsidiaries, and their Affiliates;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="margin-left: 72px; display: table">
<div style="display: table-row">
<div style="text-align: left; display: table-cell; width: 24px">
<font style="font-family: Times New Roman; font-size: 13px">(b)</font></div>
<div style="text-align: justify; display: table-cell"><font style="font-family: Times New Roman; font-size: 13px">Parent shall be
merged or consolidated with another entity, unless as a result of
such merger or consolidation more than 50% of the outstanding
voting securities of the surviving or resulting entity shall be
owned in the aggregate by the stockholders of Parent (as of the
time immediately prior to such transaction), any employee benefit
plan of Parent or its subsidiaries, and their
Affiliates;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="margin-left: 72px; display: table">
<div style="display: table-row">
<div style="text-align: left; display: table-cell; width: 24px">
<font style="font-family: Times New Roman; font-size: 13px">(c)</font></div>
<div style="text-align: justify; display: table-cell"><font style="font-family: Times New Roman; font-size: 13px">Parent shall sell
substantially all of its assets to another entity that is not
wholly owned by Parent, unless as a result of such sale more than
50% of such assets shall be owned in the aggregate by the
stockholders of Parent (as of the time immediately prior to such
transaction), any employee benefit plan of Parent or its
subsidiaries, and their Affiliates; or</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="margin-left: 72px; display: table">
<div style="display: table-row">
<div style="text-align: left; display: table-cell; width: 24px">
<font style="font-family: Times New Roman; font-size: 13px">(d)</font></div>
<div style="text-align: justify; display: table-cell"><font style="font-family: Times New Roman; font-size: 13px">any change in
ownership of more than 50% of the voting securities of Parent in
one or more related transactions.</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">2</font></div>
</div>
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<div id="hdr">
<div style="text-align: right; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: left; margin-left: 96px; margin-right: 0px; text-indent: -24px">
<font style="font-family: Times New Roman; font-size: 13px">For
purposes of this definition, ownership of voting securities shall
take into account and shall include ownership as determined by
applying the provisions of Rule 13d-3(d)(I)(i) (as in effect on the
date hereof) under the Securities Exchange Act of 1934, as
amended.</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Closing</font>&#x201D; has the meaning set forth
in Section 3.01.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Closing Date</font>&#x201D; has the meaning set
forth in Section 3.01.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Code</font>&#x201D; means the Internal Revenue
Code of 1986, as amended.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Contracts</font>&#x201D; means all legally
binding written contracts, leases, mortgages, licenses,
instruments, notes, commitments, undertakings, indentures and other
agreements.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Disclosure Schedules</font>&#x201D; means the
Disclosure Schedules delivered by Seller and Buyer concurrently
with the execution and delivery of this Agreement.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Dollars or $</font>&#x201D; means the lawful
currency of the United States.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Drop Dead Date</font>&#x201D; has the meaning
set forth in Section 8.01(b)(i).</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Employees</font>&#x201D; means those Persons
employed by Parent or Seller who worked for the Business
immediately prior to the Closing.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Excluded Assets&#x201D;</font> has the meaning
set forth in Section 2.02.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Excluded Liabilities</font>&#x201D; has the
meaning set forth in Section 2.04.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">GAAP</font>&#x201D; means United States
generally accepted accounting principles in effect from time to
time.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Governmental Authority</font>&#x201D; means any
federal, state, local or foreign government or political
subdivision thereof, or any agency or instrumentality of such
government or political subdivision, or any self-regulated
organization or other non-governmental regulatory authority or
quasi-governmental authority (to the extent that the rules,
regulations or orders of such organization or authority have the
force of Law), or any arbitrator, court or tribunal of competent
jurisdiction.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Governmental Order</font>&#x201D; means any
order, writ, judgment, injunction, decree, stipulation,
determination or award entered by or with any Governmental
Authority.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Intellectual Property</font>&#x201D; means any
and all of the following arising pursuant to the Laws of any
jurisdiction throughout the world: (a) trademarks, service marks,
trade names, and similar indicia of source of origin, all
registrations and applications for registration thereof, and the
goodwill connected with the use of and symbolized by the foregoing;
(b) copyrights and all registrations and applications for
registration thereof; (c) trade secrets and know-how; (d) patents
and patent applications; (e) internet domain name registrations;
and (f) other intellectual property and related proprietary
rights.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">3</font></div>
</div>
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<div id="hdr">
<div style="text-align: right; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Intellectual Property Agreements</font>&#x201D;
means all licenses, sublicenses and other agreements by or through
which other Persons grant Seller or Seller grants any other Persons
any exclusive or non-exclusive rights or interests in or to any
Intellectual Property that is used in the Business.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Intellectual Property Assets</font>&#x201D;
means all Intellectual Property that is owned by Seller and used in
connection with the Business, including the Intellectual Property
Registrations set forth on Section 2.01(b) of the Disclosure
Schedules.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Intellectual Property
Registrations</font>&#x201D; means all Intellectual Property Assets
that are subject to any issuance, registration, application or
other filing by, to or with any Governmental Authority or
authorized private registrar in any jurisdiction, including
registered trademarks, domain names, and copyrights, issued and
reissued patents and pending applications for any of the
foregoing.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Law</font>&#x201D; means any statute, law,
ordinance, regulation, rule, code, order, constitution, treaty,
common law, judgment, decree, other requirement or rule of law of
any Governmental Authority.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Leased Real Property</font>&#x201D; means any
real property leased by Seller used in connection with the
Business.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Leases</font>&#x201D; means lease for Leased
Real Property.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Material Adverse Effect</font>&#x201D; means any
event, occurrence, fact, condition or change that is materially
adverse to (a) the business, results of operations, financial
condition or assets of the Business, taken as a whole, or (b) the
ability of Seller to consummate the transactions contemplated
hereby; provided, however, that "Material Adverse Effect" shall not
include any event, occurrence, fact, condition or change, directly
or indirectly, arising out of or attributable to: (i) general
economic or political conditions; (ii) conditions generally
affecting the industries in which the Business operates; (iii) any
changes in financial, banking or securities markets in general,
including any disruption thereof and any decline in the price of
any security or any market index or any change in prevailing
interest rates; (iv) acts of war (whether or not declared), armed
hostilities or terrorism, or the escalation or worsening thereof;
(v) any action required or permitted by this Agreement or any
action taken (or omitted to be taken) with the written consent of
or at the written request of Buyer; (vi) any matter of which Buyer
is aware on the date hereof; (vii) any changes in applicable Laws
or accounting rules (including GAAP) or the enforcement,
implementation or interpretation thereof; (viii) the announcement,
pendency or completion of the transactions contemplated by this
Agreement, including losses or threatened losses of employees,
customers, suppliers, distributors or others having relationships
with Parent, the Seller and the Business; (ix) any natural or
man-made disaster or acts of God; or (x) any failure by the
Business to meet any internal or published projections, forecasts
or revenue or earnings predictions (provided that the underlying
causes of such failures (subject to the other provisions of this
definition) shall not be excluded).</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Owned Real Property</font>&#x201D; means real
property owned by Seller.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">4</font></div>
</div>
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<div style="text-align: right; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Permits</font>&#x201D; means all permits,
licenses, franchises, approvals, authorizations and consents
required to be obtained from Governmental Authorities.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Person</font>&#x201D; means an individual,
corporation, partnership, joint venture, limited liability company,
Governmental Authority, unincorporated organization, trust,
association or other entity.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Purchase Price</font>&#x201D; has the meaning
set forth in Section 2.05.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Purchased Assets</font>&#x201D; has the meaning
set forth in Section 2.01.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Real Property</font>&#x201D; means,
collectively, the Owned Real Property and the Leased Real
Property.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Repayment Shortfall</font>&#x201D; has the
meaning set forth in Section 6.10.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Representative</font>&#x201D; means, with
respect to any Person, any and all directors, officers, employees,
consultants, financial advisors, counsel, accountants and other
agents of such Person.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Required Stockholder Vote</font>&#x201D; means
the affirmative vote of the holders of a majority of the shares of
capital stock of Parent entitled to vote on the matters
contemplated by this Agreement.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Restricted Party</font>&#x201D; means
individually each of Richardson and Newman.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;&#x201C;<font style="font-weight: bold">Seller</font>&#x201D;
has the meaning set forth in the preamble.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Seller Closing Certificate</font>&#x201D; has
the meaning set forth in Section 7.02(d).</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Tangible Personal Property</font>&#x201D; has
the meaning set forth in Section 2.01(c).</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Taxes</font>&#x201D; means all federal, state,
local, foreign and other income, gross receipts, sales, use,
production, ad valorem, transfer, franchise, registration, profits,
license, lease, service, service use, withholding, payroll,
employment, unemployment, estimated, excise, severance,
environmental, stamp, occupation, premium, property (real or
personal), real property gains, windfall profits, customs, duties
or other taxes, fees, assessments or charges of any kind
whatsoever, together with any interest, additions or penalties with
respect thereto and any interest in respect of such additions or
penalties.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Tax Return</font>&#x201D; means any return,
declaration, report, claim for refund, information return or
statement or other document required to be filed with respect to
Taxes, including any schedule or attachment thereto, and including
any amendment thereof.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Termination and Release Agreement</font>&#x201D;
has the meaning set forth in Section 3.02(a)(iii).</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">5</font></div>
</div>
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<div style="text-align: right; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold">Transaction Documents</font>&#x201D; means this
Agreement, the Bill of Sale, the Assignment and Assumption
Agreement, the Termination and Release Agreements and the other
agreements, instruments and documents required to be delivered at
the Closing.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
<font style="color: #000000">ARTICLE
II</font>&#xA0;</font>&#xA0;<br></font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold"><font style="font-family: Times New Roman; font-size: 13px">PURCHASE AND
SALE</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
Section 2.01</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; color: #000000">Purchase and Sale of
Assets</font><font style="color: #000000">. Subject to the terms
and conditions set forth herein, at the Closing, Seller shall sell,
assign, transfer, convey and deliver to Buyer, and Buyer shall
purchase from Seller, all of Seller&#x2019;s right, title and
interest in, to and under the following assets, properties and
rights of Seller (collectively, the &#x201C;</font><font style="font-weight: bold; color: #000000">Purchased
Assets</font><font style="color: #000000">&#x201D;):</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(a)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">all
inventory, finished goods, technology, software and hardware,
branding, names, trademarks, raw materials, work in progress,
packaging, supplies, parts and other inventories of the Business
set forth on Section 2.01(a) of the Disclosure
Schedules;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(b)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">all
Contracts set forth on Section 2.01(b) of the Disclosure Schedules,
the Leases set forth on Section 2.01(b) of the Disclosure Schedules
and the Intellectual Property Agreements, Intellectual Property
Assets and Intellectual Property Registrations set forth on Section
2.01(b) of the Disclosure Schedules (collectively, the
&#x201C;</font><font style="font-weight: bold; color: #000000">Assigned
Contracts</font><font style="color: #000000">&#x201D;);</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(c)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">all
furniture, fixtures, equipment, supplies and other tangible
personal property of the Business listed on Section 2.01(c) of the
Disclosure Schedules (the &#x201C;</font><font style="font-weight: bold; color: #000000">Tangible Personal
Property</font><font style="color: #000000">&#x201D;);</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(d)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">all
Permits listed on Section 2.01(d) of the Disclosure Schedules, but
only to the extent such Permits may be transferred under applicable
Law;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(e)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">the
books of account or other records having to do with any
workers&#x2019; compensation claims; and</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(f)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">all
goodwill associated with any of the assets described in the
foregoing clauses.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
Section 2.02</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><a name="_Toc25681177"><!--anchor--></a><font style="font-weight: bold; color: #000000">Excluded
Assets</font><font style="color: #000000">. Other than the
Purchased Assets subject to Section 2.01, Buyer expressly
understands and agrees that it is not purchasing or acquiring, and
neither Seller nor Parent is selling or assigning, any other assets
or properties of Seller or Parent, and all such other assets and
properties shall be excluded from the Purchased Assets (the
&#x201C;</font><font style="font-weight: bold; color: #000000">Excluded
Assets</font><font style="color: #000000">&#x201D;). Excluded Assets
include the following assets and properties of Seller and
Parent:</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(a)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">all
cash and cash equivalents, bank accounts and securities of Parent
or Seller;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(b)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">all
Contracts that are not Assigned Contracts;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">6</font></div>
</div>
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<div style="text-align: right; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(c)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">all
Intellectual Property other than the Intellectual Property
Agreements set forth on Section 2.01(b) of the Disclosure
Schedules;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(d)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">the
corporate seals, organizational documents, minute books, stock
books, Tax Returns, books of account or other records having to do
with the corporate organization of Seller or Parent, all
employee-related or employee benefit-related files or
records;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(e)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">all
insurance policies of Seller and Parent and all rights to
applicable claims and proceeds thereunder, except as otherwise set
forth in the Termination and Release Agreement;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(f)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">all
Benefit Plans and trusts or other assets attributable
thereto;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(g)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">all
Tax assets (including duty and Tax refunds and prepayments) of
Seller, Parent or any of their respective Affiliates;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(h)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">all
rights to any action, suit or claim of any nature available to or
being pursued by Seller or Parent, whether arising by way of
counterclaim or otherwise;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(i)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">all
assets, properties and rights used by Seller or Parent in their
respective businesses other than the Business; and</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(j)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">the
rights which accrue or will accrue to Seller and Parent under the
Transaction Documents.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
Section 2.03</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; color: #000000">Assumed
Liabilities</font><font style="color: #000000">. Subject to the
terms and conditions set forth herein, Buyer shall assume and agree
to pay, perform and discharge all liabilities or obligations of
Seller (a) relating to or arising out of workers&#x2019;
compensation claims of any Employee which relate to events
occurring prior to the Closing Date as set forth on Section 2.03 of
the Disclosure Schedules and (b) arising under or relating to the
Assigned Contracts (collectively, the &#x201C;</font><font style="font-weight: bold; color: #000000">Assumed
Liabilities</font><font style="color: #000000">&#x201D;).</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
Section 2.04</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; color: #000000">Excluded
Liabilities</font><font style="color: #000000">.</font>
<font style="color: #000000; background-color: #FFFFFF">&#xA0;Notwithstanding
the provisions of Section 2.03&#xA0;or any other provision in this
Agreement to the contrary, Buyer shall not assume and shall not be
responsible to pay, perform or discharge any liabilities of Seller
or any of its Affiliates of any kind or nature whatsoever,
including, but not limited to,</font> <font style="color: #000000">the employment, or termination of employment, of
any Employee prior to the Closing,</font> <font style="color: #000000; background-color: #FFFFFF">other than the Assumed
Liabilities (the &#x201C;</font><font style="font-weight: bold; color: #000000; background-color: #FFFFFF">Excluded
Liabilities&#x201D;</font><font style="color: #000000; background-color: #FFFFFF">).</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
Section 2.05</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; color: #000000">Purchase
Price</font><font style="color: #000000">. The aggregate purchase
price for the Purchased Assets shall consist of (a) the
cancellation of any liabilities (except as otherwise set forth in
the Termination and Release Agreement and/or Section 3(h) of the
Employment Agreements (as defined below)) pursuant to (i) that
certain Employment Agreement, by and between Seller and Richardson,
dated as of September 6, 2017 and (ii) that certain Employment
Agreement, by and between Seller and Newman, dated as of September
6, 2017 (collectively, the &#x201C;</font><font style="font-weight: bold; color: #000000">Employment
Agreements</font><font style="color: #000000">&#x201D;),</font>
<font style="font-style: italic; text-decoration: underline; color: #000000">plus</font>
<font style="color: #000000">(b) the assumption of the Assumed
Liabilities (the &#x201C;</font><font style="font-weight: bold; color: #000000">Purchase
Price</font><font style="color: #000000">&#x201D;).</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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</div>
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<div style="text-align: right; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
Section 2.06</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; color: #000000">Allocation of Purchase
Price</font><font style="color: #000000">. Within thirty (30) days
after the Closing Date, Seller shall deliver a schedule allocating
the Purchase Price (including any Assumed Liabilities treated as
consideration for the Purchased Assets for Tax purposes) (the
&#x201C;</font><font style="font-weight: bold; color: #000000">Allocation
Schedule</font><font style="color: #000000">&#x201D;). The
Allocation Schedule shall be prepared in accordance with Section
1060 of the Code. The Allocation Schedule shall be deemed final
unless Buyer notifies Seller in writing that Buyer objects to one
or more items reflected in the Allocation Schedule within thirty
(30) days after delivery of the Allocation Schedule to Buyer. In
the event of any such objection, Seller and Buyer shall negotiate
in good faith to resolve such dispute; provided, however, that if
Seller and Buyer are unable to resolve any dispute with respect to
the Allocation Schedule within thirty (30) days after the delivery
of the Allocation Schedule to Buyer, such dispute shall be resolved
by Friedman LLP or, if Friedman LLP is unable to serve, another
impartial nationally recognized firm of independent certified
public accountants mutually appointed by Buyer and Seller. The fees
and expenses of such accounting firm shall be borne equally by
Seller and Buyer. Seller and Buyer agree to file their respective
IRS Forms 8594 and all federal, state and local Tax Returns in
accordance with the Allocation Schedule.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
Section 2.07</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; color: #000000">Non-assignable
Assets</font><font style="color: #000000">.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(a)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">Notwithstanding
anything to the contrary in this Agreement, and subject to the
provisions of this Section 2.07, to the extent that the sale,
assignment, transfer, conveyance or delivery, or attempted sale,
assignment, transfer, conveyance or delivery, to Buyer of any
Purchased Asset would result in a violation of applicable Law, or
would require the consent, authorization, approval or waiver of a
Person who is not a party to this Agreement or an Affiliate of a
party to this Agreement (including any Governmental Authority), and
such consent, authorization, approval or waiver shall not have been
obtained prior to the Closing, this Agreement shall not constitute
a sale, assignment, transfer, conveyance or delivery, or an
attempted sale, assignment, transfer, conveyance or delivery,
thereof;</font> <font style="font-style: italic; color: #000000">provided,
however</font><font style="color: #000000">, that, subject to the
satisfaction or waiver of the conditions contained in ARTICLE VII,
the Closing shall occur notwithstanding the foregoing without any
adjustment to the Purchase Price on account thereof. Following the
Closing, Seller and Buyer shall use commercially reasonable
efforts, and shall cooperate with each other, to obtain any such
required consent, authorization, approval or waiver, or any
release, substitution or amendment required to novate all
liabilities and obligations under any and all Assigned Contracts or
Assumed Liabilities or to obtain in writing the unconditional
release of all parties to such arrangements, so that, in any case,
Buyer shall be solely responsible for the Assumed Liabilities and
obligations and Seller shall be responsible for the Excluded
Liabilities from and after the Closing Date;</font> <font style="font-style: italic; color: #000000">provided,
however</font><font style="color: #000000">, that neither Seller
nor Buyer shall be required to pay any consideration therefor. Once
such consent, authorization, approval, waiver, release,
substitution or amendment is obtained, Seller shall sell, assign,
transfer, convey and deliver to Buyer the relevant Purchased Asset
to which such consent, authorization, approval, waiver, release,
substitution or amendment relates for no additional
consideration.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(b)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">To
the extent that any Purchased Asset and/or Assumed Liability cannot
be transferred to Buyer following the Closing pursuant to this
Section 2.07, Buyer and Seller shall use commercially reasonable
efforts to enter into such arrangements (such as subleasing,
sublicensing or subcontracting) to provide to the parties the
economic and, to the extent permitted under applicable Law,
operational equivalent of the transfer of such Purchased Asset
and/or Assumed Liability to Buyer as of the Closing and the
performance by Buyer of its obligations with respect thereto. Buyer
shall, as agent or subcontractor for Seller pay, perform and
discharge fully the liabilities and obligations of Seller
thereunder from and after the Closing Date. To the extent permitted
under applicable Law, Seller shall, at Buyer&#x2019;s expense, hold
in trust for and pay to Buyer promptly upon receipt thereof, such
Purchased Asset and all income, proceeds and other monies received
by Seller to the extent related to such Purchased Asset in
connection with the arrangements under this Section 2.07. Seller
shall be permitted to set off against such amounts all direct costs
associated with the retention and maintenance of such Purchased
Assets. Notwithstanding anything herein to the contrary, the
provisions of this Section 2.07 shall not apply to any consent or
approval required under any antitrust, competition or trade
regulation Law, which consent or approval shall be governed by
Section 6.05.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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</div>
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<div style="text-align: right; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
<font style="color: #000000">ARTICLE
III</font></font>&#xA0;<br></font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold"><font style="font-family: Times New Roman; font-size: 13px">CLOSING</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
Section 3.01</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; color: #000000">Closing</font><font style="color: #000000">. Subject to the terms and conditions of this
Agreement, the consummation of the transactions contemplated by
this Agreement (the &#x201C;</font><font style="font-weight: bold; color: #000000">Closing</font><font style="color: #000000">&#x201D;) shall take place at the offices of Mintz,
Levin, Cohn, Ferris, Glovsky &amp; Popeo, P.C., located at 666
Third Avenue, New York, New York 10017 at 12:00 P.M. Eastern
Standard Time, on the second Business Day after all of the
conditions to Closing set forth in ARTICLE VII are either satisfied
or waived (other than conditions which, by their nature, are to be
satisfied on the Closing Date), or at such other time, date or
place as Seller and Buyer may mutually agree upon in writing. The
date on which the Closing is to occur is herein referred to as the
&#x201C;</font><font style="font-weight: bold; color: #000000">Closing Date</font><font style="color: #000000">&#x201D;.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
Section 3.02</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; color: #000000">Closing
Deliverables</font><font style="color: #000000">.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(a)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">At
the Closing, Seller shall deliver to Buyer the
following:</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 96px; text-indent: 144px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(i)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">a
bill of sale in the form of</font> <font style="text-decoration: underline; color: #000000">Exhibit A</font>
<font style="color: #000000">hereto (the &#x201C;</font><font style="font-weight: bold; color: #000000">Bill of Sale</font><font style="color: #000000">&#x201D;) and duly executed by Seller, transferring
the tangible personal property included in the Purchased Assets to
Buyer;</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 96px; text-indent: 144px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(ii)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">an
assignment and assumption agreement in the form of</font>
<font style="text-decoration: underline; color: #000000">Exhibit
B</font> <font style="color: #000000">hereto (the
&#x201C;</font><font style="font-weight: bold; color: #000000">Assignment and Assumption
Agreement</font><font style="color: #000000">&#x201D;) and duly
executed by Seller, effecting the assignment to and assumption by
Buyer of the Purchased Assets and the Assumed
Liabilities;</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 96px; text-indent: 144px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(iii)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">with
respect to each of Richardson and Newman, a termination and release
agreement in the form of</font> <font style="text-decoration: underline; color: #000000">Exhibit C</font>
<font style="color: #000000">attached hereto (the
&#x201C;</font><font style="font-weight: bold; color: #000000">Termination and Release
Agreement</font><font style="color: #000000">&#x201D;) duly executed
and effective in accordance with its terms by Richardson and
Newman, effecting the respective termination of employment with
Seller and Parent and release of claims against Parent and Seller
by each of Richardson and Newman; provided, however, that the
Termination and Release Agreement may not be executed prior to the
Closing Date.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<div id="ftr">
<div style="text-align: left; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">9</font></div>
</div>
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<div style="text-align: right; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="margin-left: 96px; text-indent: 144px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(iv)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">the
Seller Closing Certificate; and</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 96px; text-indent: 144px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(v)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">the
certificates of the Secretary or Assistant Secretary of Seller
required by Section 7.02(e) and Section 7.02(f).</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(b)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">At
the Closing, Buyer shall deliver to Seller the
following:</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 96px; text-indent: 144px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(i)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">the
Assignment and Assumption Agreement duly executed by
Buyer;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 96px; text-indent: 144px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(ii)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">the
Termination and Release Agreements duly executed by each of
Richardson and Newman, each of which will be effective in
accordance with its terms;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 96px; text-indent: 144px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(iii)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">the
Buyer Closing Certificate; and</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 96px; text-indent: 144px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(iv)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">the
certificates of the Secretary or Assistant Secretary of Buyer
required by Section 7.03(e) and Section 7.03(f).</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
<font style="color: #000000">ARTICLE
IV</font></font>&#xA0;<br></font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold"><font style="font-family: Times New Roman; font-size: 13px">REPRESENTATIONS AND
WARRANTIES OF SELLER</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">Except
as set forth in the Disclosure Schedules, Seller represents and
warrants to Buyer that the statements contained in this ARTICLE IV
are true and correct as of the date hereof.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
Section 4.01</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; color: #000000">Organization and Qualification
of Seller</font><font style="color: #000000">. Seller is a
corporation duly organized, validly existing and in good standing
under the Laws of the state of Delaware and has all necessary
corporate power and authority to own, operate or lease the
properties and assets now owned, operated or leased by it and to
carry on the Business as currently conducted. Seller is duly
licensed or qualified to do business and is in good standing in
each jurisdiction in which the ownership of the Purchased Assets or
the operation of the Business as currently conducted makes such
licensing or qualification necessary, except where the failure to
be so licensed, qualified or in good standing would not have a
Material Adverse Effect.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
Section 4.02</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; color: #000000">Authority of
Seller</font><font style="color: #000000">. Seller has all
necessary corporate power and authority to enter into this
Agreement and the other Transaction Documents to which Seller is a
party, to carry out its obligations hereunder and thereunder and to
consummate the transactions contemplated hereby and thereby. The
execution and delivery by Seller of this Agreement and any other
Transaction Document to which Seller is a party, the performance by
Seller of its obligations hereunder and thereunder and the
consummation by Seller of the transactions contemplated hereby and
thereby have been duly authorized by all requisite corporate action
on the part of Seller. This Agreement has been duly executed and
delivered by Seller, and (assuming due authorization, execution and
delivery by Buyer) this Agreement constitutes a legal, valid and
binding obligation of Seller, enforceable against Seller in
accordance with its terms, except as such enforceability may be
limited by bankruptcy, insolvency, reorganization, moratorium or
similar Laws affecting creditors&#x2019; rights generally and by
general principles of equity (regardless of whether enforcement is
sought in a proceeding at law or in equity). When each other
Transaction Document to which Seller is or will be a party has been
duly executed and delivered by Seller (assuming due authorization,
execution and delivery by each other party thereto), such
Transaction Document will constitute a legal and binding obligation
of Seller enforceable against it in accordance with its terms,
except as such enforceability may be limited by bankruptcy,
insolvency, reorganization, moratorium or similar Laws affecting
creditors&#x2019; rights generally and by general principles of
equity (regardless of whether enforcement is sought in a proceeding
at law or in equity).</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">10</font></div>
</div>
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<div style="text-align: right; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
Section 4.03</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; color: #000000">No Conflicts;
Consents</font><font style="color: #000000">. The execution,
delivery and performance by Seller of this Agreement and the other
Transaction Documents to which it is a party, and the consummation
of the transactions contemplated hereby and thereby, do not and
will not: (a) result in a violation or breach of any provision of
the certificate of incorporation or by-laws of Seller; (b) result
in a violation or breach of any provision of any Law or
Governmental Order applicable to Seller, the Business or the
Purchased Assets; or (c) except as set forth in Section 4.03 of the
Disclosure Schedules, require the consent, notice or other action
by any Person under, conflict with, result in a violation or breach
of, constitute a default under or result in the acceleration of any
Material Contract; except in the cases of clauses (b) and (c),
where the violation, breach, conflict, default, acceleration or
failure to give notice would not have a Material Adverse Effect. No
consent, approval, Permit, Governmental Order, declaration or
filing with, or notice to, any Governmental Authority is required
by or with respect to Seller in connection with the execution and
delivery of this Agreement or any of the other Transaction
Documents and the consummation of the transactions contemplated
hereby and thereby, except as set forth in Section 4.03 of the
Disclosure Schedules and such consents, approvals, Permits,
Governmental Orders, declarations, filings or notices which, in the
aggregate, would not have a Material Adverse
Effect.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
Section 4.04</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; color: #000000">Brokers</font><font style="color: #000000">. No broker, finder or investment banker is
entitled to any brokerage, finder&#x2019;s or other fee or
commission in connection with the transactions contemplated by this
Agreement or any other Transaction Document based upon arrangements
made by or on behalf of Seller.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
Section 4.05</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; color: #000000">Solvency</font><font style="color: #000000">. Immediately after giving effect to the
transactions contemplated hereby, Seller shall be solvent and
shall: (a) be able to pay its debts as they become due; (b) own
property that has a fair saleable value greater than the amounts
required to pay its debts (including a reasonable estimate of the
amount of all contingent liabilities); and (c) have adequate
capital to carry on its business. No transfer of property is being
made and no obligation is being incurred in connection with the
transactions contemplated hereby with the intent to hinder, delay
or defraud either present or future creditors of Seller. In
connection with the transactions contemplated hereby, Seller has
not incurred, nor plans to incur, debts beyond its ability to pay
as they become absolute and matured.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
Section 4.06</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; color: #000000">Legal
Proceedings</font><font style="color: #000000">. There are no
actions, suits, claims, investigations or other legal proceedings
pending or threatened against or by Buyer or any Affiliate of Buyer
that challenge or seek to prevent, enjoin or otherwise delay the
transactions contemplated by this Agreement.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<div id="ftr">
<div style="text-align: left; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">11</font></div>
</div>
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<div id="hdr">
<div style="text-align: right; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
Section 4.07</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; color: #000000">No Other Representations and
Warranties</font><font style="color: #000000">. Except for the
representations and warranties contained in this ARTICLE IV
(including the related portions of the Disclosure Schedules), none
of Parent, Seller nor any other Person has made or makes any other
express or implied representation or warranty, either written or
oral, on behalf of Parent or Seller, including any representation
or warranty as to the accuracy or completeness of any information
regarding the Business and the Purchased Assets furnished or made
available to Buyer and its Representatives (including any
information, documents or material delivered or made available to
Buyer or in any other form in expectation of the transactions
contemplated hereby) or as to the future revenue, profitability or
success of the Business, or any representation or warranty arising
from statute or otherwise in law.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
<font style="color: #000000">ARTICLE
V</font></font>&#xA0;<br></font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold"><font style="font-family: Times New Roman; font-size: 13px">REPRESENTATIONS AND
WARRANTIES OF BUYER</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">Buyer
represents and warrants to Seller that the statements contained in
this ARTICLE V are true and correct as of the date
hereof.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
Section 5.01</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; color: #000000">Organization and Authority of
Buyer</font><font style="color: #000000">. Buyer is a limited
liability company duly organized, validly existing and in good
standing under the Laws of the State of New
York.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
Section 5.02</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; color: #000000">Authority of
Buyer</font><font style="color: #000000">. Buyer has all necessary
power and authority to enter into this Agreement and the other
Transaction Documents to which Buyer is a party, to carry out its
obligations hereunder and thereunder and to consummate the
transactions contemplated hereby and thereby. The execution and
delivery by Buyer of this Agreement and any other Transaction
Document to which Buyer is a party, the performance by Buyer of its
obligations hereunder and thereunder and the consummation by Buyer
of the transactions contemplated hereby and thereby have been duly
authorized by all requisite action on the part of Buyer. This
Agreement has been duly executed and delivered by Buyer, and
(assuming due authorization, execution and delivery by Seller) this
Agreement constitutes a legal, valid and binding obligation of
Buyer enforceable against Buyer in accordance with its terms,
except as such enforceability may be limited by bankruptcy,
insolvency, reorganization, moratorium or similar Laws affecting
creditors&#x2019; rights generally and by general principles of
equity (regardless of whether enforcement is sought in a proceeding
at law or in equity). When each other Transaction Document to which
Buyer is or will be a party has been duly executed and delivered by
Buyer (assuming due authorization, execution and delivery by each
other party thereto), such Transaction Document will constitute a
legal and binding obligation of Buyer enforceable against it in
accordance with its terms, except as such enforceability may be
limited by bankruptcy, insolvency, reorganization, moratorium or
similar Laws affecting creditors&#x2019; rights generally and by
general principles of equity (regardless of whether enforcement is
sought in a proceeding at law or in equity).</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">12</font></div>
</div>
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<div style="text-align: right; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
Section 5.03</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; color: #000000">No Conflicts;
Consents</font><font style="color: #000000">. The execution,
delivery and performance by Buyer of this Agreement and the other
Transaction Documents to which it is a party, and the consummation
of the transactions contemplated hereby and thereby, do not and
will not: (a) result in a violation or breach of any provision of
the articles of organization or operating agreement of Buyer; (b)
result in a violation or breach of any provision of any Law or
Governmental Order applicable to Buyer; or (c) except as set forth
in Section 5.03 of the Disclosure Schedules, require the consent,
notice or other action by any Person under, conflict with, result
in a violation or breach of, constitute a default under or result
in the acceleration of any agreement to which Buyer is a party,
except in the cases of clauses (b) and (c), where the violation,
breach, conflict, default, acceleration or failure to give notice
would not have a material adverse effect on Buyer&#x2019;s ability
to consummate the transactions contemplated hereby. No consent,
approval, Permit, Governmental Order, declaration or filing with,
or notice to, any Governmental Authority is required by or with
respect to Buyer in connection with the execution and delivery of
this Agreement and the other Transaction Documents and the
consummation of the transactions contemplated hereby and thereby,
except as set forth in Section 5.03 of the Disclosure Schedules and
such consents, approvals, Permits, Governmental Orders,
declarations, filings or notices which would not have a material
adverse effect on Buyer&#x2019;s ability to consummate the
transactions contemplated hereby and thereby.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
Section 5.04</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; color: #000000">Brokers</font><font style="color: #000000">. No broker, finder or investment banker is
entitled to any brokerage, finder&#x2019;s or other fee or
commission in connection with the transactions contemplated by this
Agreement or any other Transaction Document based upon arrangements
made by or on behalf of Buyer.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
Section 5.05</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; color: #000000">Solvency</font><font style="color: #000000">. Immediately after giving effect to the
transactions contemplated hereby, Buyer shall be solvent and shall:
(a) be able to pay its debts as they become due; (b) own property
that has a fair saleable value greater than the amounts required to
pay its debts (including a reasonable estimate of the amount of all
contingent liabilities); and (c) have adequate capital to carry on
its business. No transfer of property is being made and no
obligation is being incurred in connection with the transactions
contemplated hereby with the intent to hinder, delay or defraud
either present or future creditors of Buyer. In connection with the
transactions contemplated hereby, Buyer has not incurred, nor plans
to incur, debts beyond its ability to pay as they become absolute
and matured.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
Section 5.06</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; color: #000000">Legal
Proceedings</font><font style="color: #000000">. There are no
actions, suits, claims, investigations or other legal proceedings
pending or threatened against or by Buyer or any Affiliate of Buyer
that challenge or seek to prevent, enjoin or otherwise delay the
transactions contemplated by this Agreement.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
Section 5.07</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; color: #000000">Independent
Investigation</font><font style="color: #000000">. Buyer has
conducted its own independent investigation, review and analysis of
the Business and the Purchased Assets, and acknowledges that it has
been provided adequate access to the personnel, properties, assets,
premises, books and records, and other documents and data of Seller
for such purpose. Buyer acknowledges and agrees that: (a) in making
its decision to enter into this Agreement and to consummate the
transactions contemplated hereby, Buyer has relied solely upon its
own investigation and the express representations and warranties of
Seller set forth in ARTICLE IV of this Agreement (including related
portions of the Disclosure Schedules); and (b) neither Seller nor
any other Person has made any representation or warranty as to
Parent, Seller, the Business, the Purchased Assets or this
Agreement, except as expressly set forth in ARTICLE IV of this
Agreement (including the related portions of the Disclosure
Schedules).</font></font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
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</div>
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</div>
</div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 10">&#xA0;</font>
<font style="font-family: Times New Roman; font-size: 13px;"><br>
</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
<font style="color: #000000">ARTICLE
VI</font></font>&#xA0;<br></font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold"><font style="font-family: Times New Roman; font-size: 13px">COVENANTS</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
Section 6.01</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; color: #000000">Conduct of Business Prior to
the Closing</font><font style="color: #000000">. From the date
hereof until the Closing, except as otherwise provided in this
Agreement or consented to in writing by Buyer (which consent shall
not be unreasonably withheld or delayed), Seller shall (a) conduct
the Business in the ordinary course of business, including the
continuation of the cash management practices in place between
Parent and Seller, provided, however, that in no event shall Seller
have access to amounts in excess of $240,000 in the aggregate at
any one time; and (b) use commercially reasonable efforts to
maintain and preserve intact its current Business organization,
operations and franchise and to preserve the rights, franchises,
goodwill and relationships of its Employees, customers, lenders,
suppliers, regulators and others having relationships with the
Business.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
Section 6.02</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; color: #000000">Supplement to Disclosure
Schedules</font><font style="color: #000000">. From time to time
prior to the Closing, Seller shall have the right (but not the
obligation) to supplement or amend the Disclosure Schedules hereto
with respect to any matter hereafter arising or of which it becomes
aware after the date hereof (each a &#x201C;</font><font style="font-weight: bold; color: #000000">Schedule
Supplement</font><font style="color: #000000">&#x201D;). Any
disclosure in any such Schedule Supplement shall not be deemed to
have cured any inaccuracy in or breach of any representation or
warranty contained in this Agreement, including for purposes of the
termination rights contained in this Agreement or of determining
whether or not the conditions set forth in Section 7.02(a) have
been satisfied; provided, however, that if Buyer has the right to,
but does not elect to, terminate this Agreement within two (2)
Business Days of its receipt of such Schedule Supplement, then
Buyer shall be deemed to have irrevocably waived any right to
terminate this Agreement with respect to such
matter.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
Section 6.03</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; color: #000000">Confidentiality</font><font style="color: #000000">.
Each of Buyer, Richardson and Newman covenants and agrees to keep
confidential any and all information provided to Buyer, Richardson
or Newman pursuant to this Agreement; provided, that the foregoing
shall not prohibit any disclosure required by any applicable law
(in which case Buyer, Richardson and Newman will provide Parent and
Seller with the opportunity to review and comment in advance of
such disclosure).</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
Section 6.04</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; color: #000000">Governmental Approvals and
Consents</font><font style="color: #000000">.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(a)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Each
party hereto shall, as promptly as possible, use its reasonable
best efforts to obtain, or cause to be obtained, all consents,
authorizations, orders and approvals from all Governmental
Authorities that may be or become necessary for its execution and
delivery of this Agreement and the performance of its obligations
pursuant to this Agreement and the other Transaction Documents.
Each party shall cooperate fully with the other parties and their
respective Affiliates in promptly seeking to obtain all such
consents, authorizations, orders and approvals. The parties hereto
shall not willfully take any action that will have the effect of
delaying, impairing or impeding the receipt of any required
consents, authorizations, orders and approvals.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<div style="text-align: right; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(b)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Without
limiting the generality of the Buyer&#x2019;s undertakings pursuant
to this Section 6.05, Buyer agrees to use its reasonable best
efforts and to take any and all steps necessary to avoid or
eliminate each and every impediment under any antitrust,
competition or trade regulation Law that may be asserted by any
Governmental Authority or any other party so as to enable the
parties hereto to close the transactions contemplated by this
Agreement as promptly as possible, including proposing,
negotiating, committing to and effecting, by consent decree, hold
separate orders, or otherwise, the sale, divestiture or disposition
of any of its assets, properties or businesses or of the assets,
properties or businesses to be acquired by it pursuant to this
Agreement as are required to be divested in order to avoid the
entry of, or to effect the dissolution of, any injunction,
temporary restraining order or other order in any suit or
proceeding, which would otherwise have the effect of materially
delaying or preventing the consummation of the transactions
contemplated by this Agreement. In addition, Buyer shall use its
reasonable best efforts to defend through litigation on the merits
any claim asserted in court by any party in order to avoid entry
of, or to have vacated or terminated, any Governmental Order
(whether temporary, preliminary or permanent) that would prevent
the consummation of the Closing.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(c)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">All
analyses, appearances, meetings, discussions, presentations,
memoranda, briefs, filings, arguments, and proposals made by or on
behalf of any party before any Governmental Authority or the staff
or regulators of any Governmental Authority, in connection with the
transactions contemplated hereunder (but, for the avoidance of
doubt, not including any interactions between Seller or Buyer with
Governmental Authorities in the ordinary course of business, any
disclosure which is not permitted by Law or any disclosure
containing confidential information) shall be disclosed to the
other party hereunder in advance of any filing, submission or
attendance, it being the intent that the parties will consult and
cooperate with one another, and consider in good faith the views of
one another, in connection with any such analyses, appearances,
meetings, discussions, presentations, memoranda, briefs, filings,
arguments, and proposals. Each party shall give notice to the other
parties with respect to any meeting, discussion, appearance or
contact with any Governmental Authority or the staff or regulators
of any Governmental Authority, with such notice being sufficient to
provide the other parties with the opportunity to attend and
participate in such meeting, discussion, appearance or
contact.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(d)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Seller
and Buyer shall use commercially reasonable efforts to give all
notices to, and obtain all consents from, all third parties that
are described in Section 4.03 and Section 5.03 of the Disclosure
Schedules; provided, however, that Seller shall not be obligated to
pay any consideration therefor to any third party from whom consent
or approval is requested.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
Section 6.05</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; color: #000000">Books and
Records</font><font style="color: #000000">.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(a)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">In
order to facilitate the resolution of any claims made against or
incurred by Seller prior to the Closing, or for any other
reasonable purpose, for a period of six years after the Closing,
Buyer shall:</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">15</font></div>
</div>
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<div style="text-align: right; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="margin-left: 96px; text-indent: 144px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(i)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">retain
the Books and Records (including personnel files) relating to
periods prior to the Closing in a manner reasonably consistent with
the prior practices of Seller; and</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 96px; text-indent: 144px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(ii)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">upon
reasonable notice, afford the Seller reasonable access (including
the right to make, at Seller&#x2019;s expense, photocopies), during
normal business hours, to such Books and Records.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(b)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">In
order to facilitate the resolution of any claims made by or against
or incurred by Buyer after the Closing, or for any other reasonable
purpose, for a period of six years after the Closing, Seller
shall:</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 96px; text-indent: 144px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(i)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">retain
the books and records (including personnel files) of Seller which
relate to the Business and its operations for periods prior to the
Closing; and</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 96px; text-indent: 144px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(ii)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">upon
reasonable notice, afford the Buyer&#x2019;s Representatives
reasonable access (including the right to make, at Buyer&#x2019;s
expense, photocopies), during normal business hours, to such books
and records.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(c)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Neither
Buyer nor Seller shall be obligated to provide the other party with
access to any books or records (including personnel files) pursuant
to this Section 6.06 where such access would violate any
Law.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
Section 6.06</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; color: #000000">Closing
Conditions</font><font style="color: #000000">. From the date
hereof until the Closing, each party hereto shall use commercially
reasonable efforts to take such actions as are necessary to
expeditiously satisfy the closing conditions set forth in ARTICLE
VII hereof.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
Section 6.07</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; color: #000000">Public
Announcements</font><font style="color: #000000">. Unless otherwise
required by applicable Law or stock exchange requirements (based
upon the reasonable advice of counsel), no party to this Agreement
shall make any public announcements in respect of this Agreement or
the transactions contemplated hereby or otherwise communicate with
any news media without the prior written consent of the other party
(which consent shall not be unreasonably withheld or delayed), and
the parties shall cooperate as to the timing and contents of any
such announcement.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
Section 6.08</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; color: #000000">Bulk Sales
Laws</font><font style="color: #000000">. The parties hereby waive
compliance with the provisions of any bulk sales, bulk transfer or
similar Laws of any jurisdiction that may otherwise be applicable
with respect to the sale of any or all of the Purchased Assets to
Buyer.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
Section 6.09</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; color: #000000">Transfer
Taxes</font><font style="color: #000000">. All transfer,
documentary, sales, use, stamp, registration, value added and other
such Taxes and fees (including any penalties and interest) incurred
in connection with this Agreement and the other Transaction
Documents (including any real property transfer Tax and any other
similar Tax) shall be borne and paid by Seller or Buyer when due as
is customary. Buyer shall, at its own expense, timely file any Tax
Return or other document with respect to such Taxes or fees (and
Seller shall cooperate with respect thereto as
necessary).</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
Section 6.10</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; color: #000000">Funding of the Business.</font>
<font style="color: #000000">From the date hereof through and until
May 31, 2020, on the first Business Day of each month beginning
after the date of this Agreement, the Seller shall continue to fund
the operations of the Business at a rate equal to $60,000 per
month; provided, however, that if during the period between the
date of this Agreement and the Closing Date, the amounts accessed
by Seller from Parent pursuant to Section 6.01 hereof exceeds the
amounts repaid by Seller in such month (a
&#x201C;</font><font style="font-weight: bold; color: #000000">Repayment
Shortfall</font><font style="color: #000000">&#x201D;), Seller shall
only be required to fund the operations of the Business for the
following month in amount equal to (a) $60,000 minus (b) the
Repayment Shortfall. For the avoidance of doubt, the access to
funds set forth in Section 6.01 hereof shall cease immediately upon
the Closing.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
Section 6.11</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; color: #000000">Further
Assurances</font><font style="color: #000000">. Following the
Closing, each of the parties hereto shall, and shall cause their
respective Affiliates to, execute and deliver such additional
documents, instruments, conveyances and assurances and take such
further actions as may be reasonably required to carry out the
provisions hereof and give effect to the transactions contemplated
by this Agreement and the other Transaction
Documents.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
<font style="color: #000000">ARTICLE
VII</font></font>&#xA0;<br></font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold"><font style="font-family: Times New Roman; font-size: 13px">CONDITIONS TO
CLOSING</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
Section 7.01</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; color: #000000">Conditions to Obligations of
All Parties</font><font style="color: #000000">. The obligations of
each party to consummate the transactions contemplated by this
Agreement shall be subject to the fulfillment, at or prior to the
Closing, of each of the following conditions:</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(a)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">No
Governmental Authority shall have enacted, issued, promulgated,
enforced or entered any Governmental Order which is in effect and
has the effect of making the transactions contemplated by this
Agreement illegal, otherwise restraining or prohibiting
consummation of such transactions or causing any of the
transactions contemplated hereunder to be rescinded following
completion thereof.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(b)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Seller
shall have received all consents, authorizations, orders and
approvals from the Governmental Authorities referred to in Section
4.03 and Buyer shall have received all consents, authorizations,
orders and approvals from the Governmental Authorities referred to
in Section 5.03, in each case, in form and substance reasonably
satisfactory to Buyer and Seller, and no such consent,
authorization, order and approval shall have been
revoked.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(c)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">A
Change in Control of Parent shall have been
consummated.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(d)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Parent
shall have obtained the Required Stockholder Vote with respect to
the matters contemplated by this Agreement.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
Section 7.02</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; color: #000000">Conditions to Obligations of
Buyer</font><font style="color: #000000">. The obligations of Buyer
to consummate the transactions contemplated by this Agreement shall
be subject to the fulfillment or Buyer&#x2019;s waiver, at or prior
to the Closing, of each of the following
conditions:</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10"><br></font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(a)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">The
representations and warranties of Seller contained in ARTICLE IV
shall be true and correct in all respects as of the Closing Date
with the same effect as though made at and as of such date (except
those representations and warranties that address matters only as
of a specified date, which shall be true and correct in all
respects as of that specified date), except where the failure of
such representations and warranties to be true and correct would
not have a Material Adverse Effect.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<div id="ftr">
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<div style="text-align: right; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;<br></font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(b)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Seller
shall have duly performed and complied in all material respects
with all agreements, covenants and conditions required by this
Agreement and each of the other Transaction Documents to be
performed or complied with by it prior to or on the Closing
Date.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(c)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Seller
shall have delivered to Buyer duly executed counterparts to the
Transaction Documents (other than this Agreement) and such other
documents and deliveries set forth in Section 3.02(a).</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(d)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">Buyer
shall have received a certificate, dated the Closing Date and
signed by a duly authorized officer of Seller, that each of the
conditions set forth in Section 7.02(a) and Section 7.02(b) have
been satisfied (the &#x201C;</font><font style="font-weight: bold; color: #000000">Seller Closing
Certificate</font><font style="color: #000000">&#x201D;).</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(e)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Buyer
shall have received a certificate of the Secretary or an Assistant
Secretary (or equivalent officer) of Seller certifying that
attached thereto are true and complete copies of all resolutions
adopted by the board of directors of Seller authorizing the
execution, delivery and performance of this Agreement and the other
Transaction Documents and the consummation of the transactions
contemplated hereby and thereby, and that all such resolutions are
in full force and effect and are all the resolutions adopted in
connection with the transactions contemplated hereby and
thereby.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(f)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Buyer
shall have received a certificate of the Secretary or an Assistant
Secretary (or equivalent officer) of Seller certifying the names
and signatures of the officers of Seller authorized to sign this
Agreement, the Transaction Documents and the other documents to be
delivered hereunder and thereunder.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
Section 7.03</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; color: #000000">Conditions to Obligations of
Seller</font><font style="color: #000000">. The obligations of
Seller to consummate the transactions contemplated by this
Agreement shall be subject to the fulfillment or Seller&#x2019;s
waiver, at or prior to the Closing, of each of the following
conditions:</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(a)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">The
representations and warranties of Buyer contained in ARTICLE V
shall be true and correct in all respects as of the Closing Date
with the same effect as though made at and as of such date (except
those representations and warranties that address matters only as
of a specified date, which shall be true and correct in all
respects as of that specified date), except where the failure of
such representations and warranties to be true and correct would
not have a material adverse effect on Buyer&#x2019;s ability to
consummate the transactions contemplated hereby.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(b)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Buyer
shall have duly performed and complied in all material respects
with all agreements, covenants and conditions required by this
Agreement and each of the other Transaction Documents to be
performed or complied with by it prior to or on the Closing
Date.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<div id="ftr">
<div style="text-align: left; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">18</font></div>
</div>
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<div id="hdr">
<div style="text-align: right; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(c)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Buyer
shall have delivered to Seller the Purchase Price, duly executed
counterparts to the Transaction Documents (other than this
Agreement) and such other documents and deliveries set forth in
Section 3.02(b).</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(d)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">Seller
shall have received a certificate, dated the Closing Date and
signed by a duly authorized officer of Buyer, that each of the
conditions set forth in Section 7.03(a) and Section 7.03(b) have
been satisfied (the &#x201C;</font><font style="font-weight: bold; color: #000000">Buyer Closing
Certificate</font><font style="color: #000000">&#x201D;).</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(e)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Seller
shall have received a certificate of the Secretary or an Assistant
Secretary (or equivalent officer) of Buyer certifying that attached
thereto are true and complete copies of all resolutions adopted by
the board of directors of Buyer authorizing the execution, delivery
and performance of this Agreement and the other Transaction
Documents and the consummation of the transactions contemplated
hereby and thereby, and that all such resolutions are in full force
and effect and are all the resolutions adopted in connection with
the transactions contemplated hereby and thereby.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(f)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Seller
shall have received a certificate of the Secretary or an Assistant
Secretary (or equivalent officer) of Buyer certifying the names and
signatures of the officers of Buyer authorized to sign this
Agreement, the Transaction Documents and the other documents to be
delivered hereunder and thereunder.</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 10">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px;"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px"><font style="color: #000000">ARTICLE
VIII</font></font>&#xA0;<br></font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold"><font style="font-family: Times New Roman; font-size: 13px">TERMINATION</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
Section 8.01</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; color: #000000">Termination</font><font style="color: #000000">. This Agreement may be terminated at any time
prior to the Closing:</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(a)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">by
the mutual written consent of Seller and Buyer;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(b)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">&#xA0;&#xA0;by
either Seller or Buyer if the transactions contemplated by this
Agreement shall not have been consummated by June 6, 2020 (subject
to possible extension as provided in this Section 8.01(b), the
&#x201C;</font><font style="font-weight: bold; color: #000000">Drop
Dead Date</font><font style="color: #000000">&#x201D;); provided,
however, that the right to terminate this Agreement under this
Section 8.01(b) shall not be available to Seller, on the one hand,
or to Buyer, on the other hand, if such Party&#x2019;s action or
failure to act has been a principal cause of the failure of the
transactions contemplated by this Agreement to occur on or before
the Drop Dead Date and such action or failure to act constitutes a
breach of this Agreement, provided, further, however, that, in the
event that the Securities and Exchange Commission has not declared
effective under the Securities Act of 1933, as amended, a
registration statement related to a transaction involving a Change
in Control by the date which is 60 days prior to the Drop Dead
Date, then Parent shall be entitled to extend the Drop Dead Date
for an additional 60 days;</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(c)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">by
Buyer by written notice to Seller if:</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 96px; text-indent: 144px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(i)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Buyer
is not then in material breach of any provision of this Agreement
and there has been a material breach, inaccuracy in or failure to
perform any representation, warranty, covenant or agreement made by
Seller pursuant to this Agreement that would give rise to the
failure of any of the conditions specified in ARTICLE VII and such
breach, inaccuracy or failure cannot be cured by Seller by the Drop
Dead Date; or</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<div id="ftr">
<div style="text-align: left; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">19</font></div>
</div>
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<div id="hdr">
<div style="text-align: right; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="margin-left: 96px; text-indent: 144px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(ii)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">any
of the conditions set forth in Section 7.01 or Section 7.02 shall
not have been fulfilled by the Drop Dead Date, unless such failure
shall be due to the failure of Buyer to perform or comply with any
of the covenants, agreements or conditions hereof to be performed
or complied with by it prior to the Closing;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(d)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">by
Seller by written notice to Buyer if:</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 96px; text-indent: 144px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(i)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Seller
is not then in material breach of any provision of this Agreement
and there has been a material breach, inaccuracy in or failure to
perform any representation, warranty, covenant or agreement made by
Buyer pursuant to this Agreement that would give rise to the
failure of any of the conditions specified in ARTICLE VII and such
breach, inaccuracy or failure cannot be cured by Buyer by the Drop
Dead Date; or</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 96px; text-indent: 144px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(ii)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">any
of the conditions set forth in Section 7.01 or Section 7.03 shall
not have been fulfilled by the Drop Dead Date, unless such failure
shall be due to the failure of Seller to perform or comply with any
of the covenants, agreements or conditions hereof to be performed
or complied with by it prior to the Closing; or</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(e)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">by
Buyer or Seller in the event that:</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 96px; text-indent: 144px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(i)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">there
shall be any Law that makes consummation of the transactions
contemplated by this Agreement illegal or otherwise prohibited;
or</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 96px; text-indent: 144px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(ii)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">any
Governmental Authority shall have issued a Governmental Order
restraining or enjoining the transactions contemplated by this
Agreement, and such Governmental Order shall have become final and
non-appealable.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
Section 8.02</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; color: #000000">Effect of
Termination</font><font style="color: #000000">. In the event of
the termination of this Agreement in accordance with this Article,
this Agreement shall forthwith become void and there shall be no
liability on the part of any party hereto
except:</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(a)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">as
set forth in this ARTICLE VIII, Section 6.04 and ARTICLE IX hereof;
and</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(b)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">that
nothing herein shall relieve any party hereto from liability for
any intentional breach of any provision hereof.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
<font style="color: #000000">ARTICLE
IX</font></font>&#xA0;<br></font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold"><font style="font-family: Times New Roman; font-size: 13px">MISCELLANEOUS</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
Section 9.01</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; color: #000000">Expenses</font><font style="color: #000000">. Except as otherwise expressly provided herein
(including Section 6.11 hereof), all costs and expenses, including,
without limitation, fees and disbursements of counsel (except
Buyer&#x2019;s legal fees up to but not to exceed $25,000 which
shall be paid by Seller), financial advisors and accountants,
incurred in connection with this Agreement and the transactions
contemplated hereby shall be paid by the party incurring such costs
and expenses, whether or not the Closing shall have
occurred.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">20</font></div>
</div>
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<div id="hdr">
<div style="text-align: right; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
Section 9.02</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; color: #000000">Notices</font><font style="color: #000000">. All notices, requests, consents, claims,
demands, waivers and other communications hereunder shall be in
writing and shall be deemed to have been given (a) when delivered
by hand (with written confirmation of receipt); (b) when received
by the addressee if sent by a nationally recognized overnight
courier (receipt requested); (c) on the date sent by facsimile or
e-mail of a PDF document (with confirmation of transmission) if
sent during normal business hours of the recipient, and on the next
Business Day if sent after normal business hours of the recipient
or (d) on the third day after the date mailed, by certified or
registered mail, return receipt requested, postage prepaid. Such
communications must be sent to the respective parties at the
following addresses (or at such other address for a party as shall
be specified in a notice given in accordance with this Section
9.02):</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div>
<table cellpadding="0" cellspacing="0" style="width: 100%; font-family: Times New Roman; font-size: 13px">
<tr>
<td style="vertical-align: top; width: 43%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">If to
Seller:</font></div>
</td>
<td style="vertical-align: top; width: 57%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">DropCar,
Inc.</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 43%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 57%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">1412
Broadway, Suite 2105</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 43%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 57%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">New
York, New York 10018</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 43%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 57%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">E-mail:
jsilverman@parkfieldfund.com</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 43%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 57%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Attention:
Joshua Silverman</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 43%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 57%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 43%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">with a
copy to:</font></div>
</td>
<td style="vertical-align: top; width: 57%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Mintz,
Levin, Cohn, Ferris, Glovsky &amp; Popeo, P.C.</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 43%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 57%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">666
Third Avenue</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 43%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 57%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">New
York, New York 10017</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 43%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><br></font></div>
</td>
<td style="vertical-align: top; width: 57%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-family: Times New Roman; font-size: 13px">
E-mail:</font> krkoch@mintz.com;</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 43%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 57%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
<font style="font-family: Times New Roman; font-size: 13px">dabagliebter@mintz.com</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 43%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 57%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Attention:
Kenneth R. Koch, Esq.</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 43%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 57%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
<font style="font-family: Times New Roman; font-size: 13px">Daniel
Bagliebter, Esq.</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 43%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 57%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 43%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">If to
Buyer:</font></div>
</td>
<td style="vertical-align: top; width: 57%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">David
Newman</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 43%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 57%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">3
Bedford Road</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 43%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 57%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Monsey,
New York 10952</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 43%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 57%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">E-mail:
david@dropcar.com</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 43%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 57%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Attention:
David Newman</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 43%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 57%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 43%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 57%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Spencer
Richardson</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 43%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 57%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">310
Greenwich Street, Apt. 38J</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 43%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 57%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">New
York, New York 10013</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 43%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">E-mail:</font></div>
</td>
<td style="vertical-align: top; width: 57%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">E-mail:
spencer@dropcar.com</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 43%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 57%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Attention:
Spencer Richardson</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 43%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 57%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 43%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">with a
copy to:</font></div>
</td>
<td style="vertical-align: top; width: 57%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Jolie
Kahn, Esq.</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 43%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 57%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">12 E.
49<font style="font-size: 70%; vertical-align: top">th</font>
Street, 11<font style="font-size: 70%; vertical-align: top">th</font> Floor</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 43%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 57%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">New
York, New York 10017</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 43%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 57%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">E-mail:
joliekahnlaw@sbcglobal.net</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 43%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 57%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Attention:
Jolie Kahn, Esq.</font></div>
</td>
</tr></table>
</div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">21</font></div>
</div>
<div id="pb" style="text-align: center; margin-left: 0px; margin-right: 0px; margin-bottom: 6px; page-break-after: always; width: 100%; height: 1px; background-color: #000000">
<!--page break line--></div>
<div id="hdr">
<div style="text-align: right; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
Section 9.03</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; color: #000000">Interpretation</font><font style="color: #000000">.
For purposes of this Agreement, (a) the words
&#x201C;include,&#x201D; &#x201C;includes&#x201D; and
&#x201C;including&#x201D; shall be deemed to be followed by the words
&#x201C;without limitation&#x201D;; (b) the word &#x201C;or&#x201D; is
not exclusive; and (c) the words &#x201C;herein,&#x201D;
&#x201C;hereof,&#x201D; &#x201C;hereby,&#x201D; &#x201C;hereto&#x201D;
and &#x201C;hereunder&#x201D; refer to this Agreement as a whole.
Unless the context otherwise requires, references herein: (x) to
Articles, Sections, Disclosure Schedules and Exhibits mean the
Articles and Sections of, and Disclosure Schedules and Exhibits
attached to, this Agreement; (y) to an agreement, instrument or
other document means such agreement, instrument or other document
as amended, supplemented and modified from time to time to the
extent permitted by the provisions thereof and (z) to a statute
means such statute as amended from time to time and includes any
successor legislation thereto and any regulations promulgated
thereunder. This Agreement shall be construed without regard to any
presumption or rule requiring construction or interpretation
against the party drafting an instrument or causing any instrument
to be drafted. The Disclosure Schedules and Exhibits referred to
herein shall be construed with, and as an integral part of, this
Agreement to the same extent as if they were set forth verbatim
herein.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
Section 9.04</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; color: #000000">Headings</font><font style="color: #000000">. The headings in this Agreement are for reference
only and shall not affect the interpretation of this
Agreement.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
Section 9.05</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; color: #000000">Severability</font><font style="color: #000000">. If any term or provision of this Agreement is
invalid, illegal or unenforceable in any jurisdiction, such
invalidity, illegality or unenforceability shall not affect any
other term or provision of this Agreement or invalidate or render
unenforceable such term or provision in any other jurisdiction.
Upon such determination that any term or other provision is
invalid, illegal or unenforceable, the parties hereto shall
negotiate in good faith to modify this Agreement so as to effect
the original intent of the parties as closely as possible in a
mutually acceptable manner in order that the transactions
contemplated hereby be consummated as originally contemplated to
the greatest extent possible.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
Section 9.06</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; color: #000000">Entire
Agreement</font><font style="color: #000000">. This Agreement and
the other Transaction Documents constitute the sole and entire
agreement of the parties to this Agreement with respect to the
subject matter contained herein and therein, and supersede all
prior and contemporaneous representations, warranties,
understandings and agreements, both written and oral, with respect
to such subject matter. In the event of any inconsistency between
the statements in the body of this Agreement and those in the other
Transaction Documents, the Exhibits and Disclosure Schedules (other
than an exception expressly set forth as such in the Disclosure
Schedules), the statements in the body of this Agreement will
control.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
Section 9.07</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; color: #000000">Successors and
Assigns</font><font style="color: #000000">. This Agreement shall
be binding upon and shall inure to the benefit of the parties
hereto and their respective successors and permitted assigns.
Neither party may assign its rights or obligations hereunder
without the prior written consent of the other party, which consent
shall not be unreasonably withheld or delayed. No assignment shall
relieve the assigning party of any of its obligations
hereunder.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
Section 9.08</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; color: #000000">No Third-Party
Beneficiaries</font><font style="color: #000000">. This Agreement
is for the sole benefit of the parties hereto and their respective
successors and permitted assigns and nothing herein, express or
implied, is intended to or shall confer upon any other Person or
entity any legal or equitable right, benefit or remedy of any
nature whatsoever under or by reason of this
Agreement.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
Section 9.09</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; color: #000000">Amendment and Modification;
Waiver</font><font style="color: #000000">. This Agreement may only
be amended, modified or supplemented by an agreement in writing
signed by each party hereto. No waiver by any party of any of the
provisions hereof shall be effective unless explicitly set forth in
writing and signed by the party so waiving. No waiver by any party
shall operate or be construed as a waiver in respect of any
failure, breach or default not expressly identified by such written
waiver, whether of a similar or different character, and whether
occurring before or after that waiver. No failure to exercise, or
delay in exercising, any right, remedy, power or privilege arising
from this Agreement shall operate or be construed as a waiver
thereof; nor shall any single or partial exercise of any right,
remedy, power or privilege hereunder preclude any other or further
exercise thereof or the exercise of any other right, remedy, power
or privilege.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
Section 9.10</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; color: #000000">Governing Law; Submission to
Jurisdiction; Waiver of Jury Trial</font><font style="color: #000000">.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(a)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">This
Agreement shall be governed by and construed in accordance with the
internal laws of the State of New York without giving effect to any
choice or conflict of law provision or rule (whether of the State
of New York or any other jurisdiction).</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(b)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">ANY
LEGAL SUIT, ACTION OR PROCEEDING ARISING OUT OF OR BASED UPON THIS
AGREEMENT, THE OTHER TRANSACTION DOCUMENTS OR THE TRANSACTIONS
CONTEMPLATED HEREBY OR THEREBY MAY BE INSTITUTED IN THE FEDERAL
COURTS OF THE UNITED STATES OF AMERICA OR THE COURTS OF THE STATE
OF NEW YORK IN EACH CASE LOCATED IN THE CITY OF NEW YORK AND COUNTY
OF NEW YORK, AND EACH PARTY IRREVOCABLY SUBMITS TO THE EXCLUSIVE
JURISDICTION OF SUCH COURTS IN ANY SUCH SUIT, ACTION OR PROCEEDING.
SERVICE OF PROCESS, SUMMONS, NOTICE OR OTHER DOCUMENT BY MAIL TO
SUCH PARTY&#x2019;S ADDRESS SET FORTH HEREIN SHALL BE EFFECTIVE
SERVICE OF PROCESS FOR ANY SUIT, ACTION OR OTHER PROCEEDING BROUGHT
IN ANY SUCH COURT. THE PARTIES IRREVOCABLY AND UNCONDITIONALLY
WAIVE ANY OBJECTION TO THE LAYING OF VENUE OF ANY SUIT, ACTION OR
ANY PROCEEDING IN SUCH COURTS AND IRREVOCABLY WAIVE AND AGREE NOT
TO PLEAD OR CLAIM IN ANY SUCH COURT THAT ANY SUCH SUIT, ACTION OR
PROCEEDING BROUGHT IN ANY SUCH COURT HAS BEEN BROUGHT IN AN
INCONVENIENT FORUM.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">22</font></div>
</div>
<div id="pb" style="text-align: center; margin-left: 0px; margin-right: 0px; margin-bottom: 6px; page-break-after: always; width: 100%; height: 1px; background-color: #000000">
<!--page break line--></div>
<div id="hdr">
<div style="text-align: right; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="margin-left: 48px; text-indent: 96px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">(c)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">EACH
PARTY ACKNOWLEDGES AND AGREES THAT ANY CONTROVERSY WHICH MAY ARISE
UNDER THIS AGREEMENT OR THE OTHER TRANSACTION DOCUMENTS IS LIKELY
TO INVOLVE COMPLICATED AND DIFFICULT ISSUES AND, THEREFORE, EACH
SUCH PARTY IRREVOCABLY AND UNCONDITIONALLY WAIVES ANY RIGHT IT MAY
HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LEGAL ACTION ARISING OUT
OF OR RELATING TO THIS AGREEMENT, THE OTHER TRANSACTION DOCUMENTS
OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY. EACH PARTY TO
THIS AGREEMENT CERTIFIES AND ACKNOWLEDGES THAT (A) NO
REPRESENTATIVE OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR
OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT SEEK TO ENFORCE THE
FOREGOING WAIVER IN THE EVENT OF A LEGAL ACTION, (B) SUCH PARTY HAS
CONSIDERED THE IMPLICATIONS OF THIS WAIVER, (C) SUCH PARTY MAKES
THIS WAIVER VOLUNTARILY, AND (D) SUCH PARTY HAS BEEN INDUCED TO
ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL
WAIVERS AND CERTIFICATIONS IN THIS SECTION 10.10(c).</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
Section 9.11</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; color: #000000">Specific
Performance</font><font style="color: #000000">. The parties agree
that irreparable damage would occur if any provision of this
Agreement were not performed in accordance with the terms hereof
and that the parties shall be entitled to specific performance of
the terms hereof, in addition to any other remedy to which they are
entitled at law or in equity.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
Section 9.12</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; color: #000000">Counterparts</font><font style="color: #000000">. This Agreement may be executed in counterparts,
each of which shall be deemed an original, but all of which
together shall be deemed to be one and the same agreement. A signed
copy of this Agreement delivered by facsimile, e-mail or other
means of electronic transmission shall be deemed to have the same
legal effect as delivery of an original signed copy of this
Agreement.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 48px"><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
Section 9.13</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; color: #000000">Non-recourse</font><font style="color: #000000">. This Agreement may only be enforced against, and
any claim, action, suit or other legal proceeding based upon,
arising out of, or related to this Agreement, or the negotiation,
execution or performance of this Agreement, may only be brought
against the entities that are expressly named as parties hereto,
and not against Richardson and/or Newman, personally, and then only
with respect to the specific obligations set forth herein with
respect to such party. No past, present or future director,
officer, employee, incorporator, manager, member, partner,
stockholder, Affiliate, agent, attorney or other Representative of
any party hereto or of any Affiliate of any party hereto, or any of
their successors or permitted assigns, shall have any liability for
any obligations or liabilities of any party hereto under this
Agreement or for any claim, action, suit or other legal proceeding
based on, in respect of or by reason of the transactions
contemplated hereby.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">[SIGNATURE
PAGE FOLLOWS]</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">IN
WITNESS WHEREOF, the parties hereto have caused this Agreement to
be executed as of the date first written above by their respective
officers thereunto duly authorized.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div>
<table cellpadding="0" cellspacing="0" style="width: 100%; font-family: Times New Roman; font-size: 13px">
<tr>
<td style="vertical-align: top; width: 48%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 52%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
DROPCAR, INC.</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 48%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 52%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
&#xA0;</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 48%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 52%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">By:
<font style="text-decoration: underline">/s/ Joshua
Silverman</font></font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 48%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 52%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Name:
Joshua Silverman</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 48%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 52%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Title:
Chairman of the Board</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 48%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 52%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 48%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 52%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
DROPCAR OPERATING COMPANY, INC.</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 48%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 52%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
&#xA0;</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 48%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 52%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">By:
<font style="text-decoration: underline">/s/ Joshua
Silverman</font></font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 48%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 52%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Name:
Joshua Silverman</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 48%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 52%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Title:
Chairman of the Board</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 48%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 52%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
&#xA0;</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 48%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 52%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
DC PARTNERS ACQUISITION, LLC</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 48%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<td style="vertical-align: top; width: 52%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
&#xA0;</font></div>
</td>
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<td style="vertical-align: top; width: 48%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 52%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">By:
<font style="text-decoration: underline">/s/ David
Newman</font><br></font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 48%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 52%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Name:
David Newman<br></font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 48%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 52%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Title:</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 48%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 52%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 48%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 52%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="text-decoration: underline"><font style="font-family: Times New Roman; font-size: 13px">/s/ Spencer
Richardson</font></font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 48%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 52%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Spencer
Richardson</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 48%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 52%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 48%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 52%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 48%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 52%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="text-decoration: underline"><font style="font-family: Times New Roman; font-size: 13px">/s/ David
Newman</font></font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 48%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 52%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">David
Newman</font></div>
</td>
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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-3.1
<SEQUENCE>7
<FILENAME>dcar_ex31.htm
<DESCRIPTION>AMENDMENT TO CERTIFICATE OF DESIGNATIONS, RIGHTS AND PREFERENCES OF SERIES H-4 CONVERTIBLE PREFERRED STOCK
<TEXT>
<html>
<head>
<!-- Document created using Blueprint(R) - powered by Issuer Direct - www.issuerdirect.com -->
<!-- Copyright 2019 Issuer Direct Corporation -->
<title>Blueprint</title>
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<body style="font-family: Times New Roman; font-size: 13px;">
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<div id="hdr">
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font></div>
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;"><font style="font-weight: bold">
Exhibit 3.1</font><br></font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
AMENDMENT TO THE</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-weight: bold; font-family: Times New Roman; font-size: 13px">
CERTIFICATE OF DESIGNATIONS, PREFERENCES AND RIGHTS</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-weight: bold; font-family: Times New Roman; font-size: 13px">
OF THE SERIES H-4 CONVERTIBLE PREFERRED STOCK OF DROPCAR,
INC.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">This Amendment to the Certificate of Designation
of Preferences, Rights and Limitations of the Series H-4
Convertible Preferred Stock (this &#x201C;</font><font style="font-weight: bold; color: #000000">Amendment</font><font style="color: #000000">&#x201D;) is dated as of December 20,
2019.</font></font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">WHEREAS, the board of directors
(&#x201C;</font><font style="font-weight: bold; color: #000000">Board of
Directors</font><font style="color: #000000">&#x201D;) of DropCar,
Inc., a Delaware corporation (the &#x201C;</font><font style="font-weight: bold; color: #000000">Company</font><font style="color: #000000">&#x201D;), pursuant to authority granted to it by
the certificate of incorporation of the Company, has previously
fixed the rights, preferences, restrictions and other matters
relating to a series of the Company&#x2019;s preferred stock,
consisting of 30,000 authorized shares of preferred stock,
classified as Series H-4 Convertible Preferred Stock (the
&#x201C;</font><font style="font-weight: bold; color: #000000">Series H-4 Preferred
Stock</font><font style="color: #000000">&#x201D;) and the
Certificate of Designations, Preferences and Rights of the Series
H-4 Convertible Preferred Stock (the &#x201C;</font><font style="font-weight: bold; color: #000000">Certificate of
Designation</font><font style="color: #000000">&#x201D;) was filed
with the Secretary of State of the State of Delaware on March 8,
2018, evidencing such terms;</font></font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">WHEREAS, the holders (the
&#x201C;</font><font style="font-weight: bold; color: #000000">Holders</font><font style="color: #000000">&#x201D;) are the record and beneficial owners of
certain shares of Series H-4 Preferred Stock, issued pursuant to
that certain (a) Securities Purchase Agreement, dated as of March
8, 2018, by and between the Company and the purchasers party
thereto and (b) the Certificate of Designation;</font></font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">WHEREAS, pursuant to Section 17(b) of the
Certificate of Designation, any of the rights, powers, preferences
and other terms of the Series H-4 Preferred Stock may be waived or
amended on behalf of all holders of Series H-4 Preferred Stock by
the affirmative written consent or vote of the holders of at least
two-thirds of the shares of Series H-4 Preferred Stock then
outstanding (the &#x201C;</font><font style="font-weight: bold; color: #000000">Required
Holders</font><font style="color: #000000">&#x201D;);</font></font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">WHEREAS, the Holders constitute the Required
Holders pursuant to the Certificate of Designation and have
consented in writing, in accordance with Section 228 of the General
Corporation Law of the State of Delaware (the
&#x201C;</font><font style="font-weight: bold; color: #000000">DGCL</font><font style="color: #000000">&#x201D;), on December 20, 2019, to this Amendment
on the terms set forth herein;</font></font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">WHEREAS,
the Board of Directors has duly adopted resolutions proposing to
adopt this Amendment and declaring this Amendment to be advisable
and in the best interest of the Company and its stockholders;
and</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">WHEREAS, the Holders have agreed to convert their
shares of Series H-4 Preferred Stock into shares of common stock,
par value $0.0001 per share, of the Company (the
&#x201C;</font><font style="font-weight: bold; color: #000000">Common Stock</font><font style="color: #000000">&#x201D;) pursuant to Section 3 of the Certificate
of Designation, as amended by this Amendment, upon receipt of
Shareholder Approval (as defined below).</font></font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">NOW,
THEREFORE, this Amendment has been duly adopted in accordance with
Section 242 of the DGCL and has been executed by a duly authorized
officer of the Company as of the date first set forth above to
amend the terms of the Certificate of Designation as
follows:</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">1.&#xA0;</font><font style="text-decoration: underline; color: #000000">Capitalized
Terms</font><font style="color: #000000">. Unless otherwise
specified in this Amendment, all terms herein shall have the same
meanings ascribed to them in the Certificate of
Designation.</font></font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">2.&#xA0;</font><font style="text-decoration: underline; color: #000000">Amendment to Section
18(h)</font><font style="color: #000000">. Section 18(h) of the
Certificate of Designation is hereby amended and restated in its
entirety as follows:</font></font></div>
<div style="text-align: justify; margin-left: 48px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 48px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">&#x201C;</font><font style="font-weight: bold; color: #000000">Conversion
Price</font><font style="color: #000000">&#x201D; shall initially
mean, with respect to each Preferred Share, as of any conversion
date or other applicable date of determination, $2.355, subject to
adjustment as provided herein, but shall be amended to be equal to
$0.50, upon receipt of shareholder approval pursuant to Nasdaq
Listing Rule 5635(a) (&#x201C;</font><font style="font-weight: bold; color: #000000">Shareholder
Approval</font><font style="color: #000000">&#x201D;). Such
Conversion Price, and the rate at which the Preferred Shares may be
converted into shares of Common Stock, shall be subject to
adjustment as provided herein. For the avoidance of doubt, any
adjustments made to the Conversion Price after December 20, 2019
but prior to receipt of Shareholder Approval shall be made
equitably and proportionately to the Conversion Price following
Shareholder Approval.&#x201D;</font></font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline; color: #000000">3.</font><font style="color: #000000">&#xA0;</font><font style="text-decoration: underline; color: #000000">Amendment to Section
3(f)</font><font style="color: #000000">. Section 3(f) of the
Certificate of Designation is hereby amended and restated in its
entirety to add a new Section 3(f) as follows:</font></font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
&#xA0;</font></div>
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<div id="ftr">
<div style="text-align: left; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
</div>
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<div style="text-align: right; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 72px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#x201C;3(f)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Each
Preferred Share shall, automatically and without further action on
the part of any holder thereof, be converted effective upon,
subject to, and concurrently with, the receipt of the Shareholder
Approval, into a number of fully paid and nonassessable shares of
Common Stock calculated based on the then-applicable Conversion
Rate (after giving effect to the amendment thereto occurring upon
receipt of the Shareholder Approval as provided in Section 18(h)).
Each holder of any Preferred Shares converted pursuant to this
Section 3(f) shall deliver to the Company during regular business
hours at the office of any transfer agent of the Company for the
Preferred Shares, or at such other place as may be designated by
the Company, the certificate or certificates for the shares so
converted, duly endorsed or assigned in blank or to the Company. As
promptly as practicable thereafter, the Company shall issue and
deliver to such holder, at the place designated by such holder, a
certificate or certificates for the number of full shares of the
Common Stock to be issued and such holder shall be deemed to have
become a stockholder of record of Common Stock on the date of
receipt of the Shareholder Approval unless the transfer books of
the Company are closed on that date, in which event he, she or it
shall be deemed to have become a stockholder of record of Common
Stock on the next succeeding date on which the transfer books are
open.&#x201D;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">4.&#xA0;</font><font style="text-decoration: underline; color: #000000">No Other
Amendment</font><font style="color: #000000">. Except for the
matters set forth in this Amendment, all other terms of the
Certificate of Designation and the Preferred Shares shall remain
unchanged and in full force and effect.</font></font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
&#xA0;</font></div>
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<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
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<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 72px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">IN
WITNESS WHEREOF, each of the parties has caused this Amendment to
be executed by its duly authorized representatives.</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-weight: bold; font-family: Times New Roman; font-size: 13px">
DROPCAR, INC.</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
&#xA0;</font></div>
<div>
<table cellpadding="0" cellspacing="0" style="width: 100%; font-family: Times New Roman; font-size: 13px">
<tr>
<td style="vertical-align: top; width: 5%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">By:</font></div>
</td>
<td style="vertical-align: top; width: 45%; border-bottom: 2px solid #000000">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;/s/
Joshua Silverman</font></div>
</td>
<td style="vertical-align: top; width: 50%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 5%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Name:</font></div>
</td>
<td style="vertical-align: top; width: 45%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Joshua
Silverman</font></div>
</td>
<td style="vertical-align: top; width: 50%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 5%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Title:</font></div>
</td>
<td style="vertical-align: top; width: 45%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Chairman
of the Board</font></div>
</td>
<td style="vertical-align: top; width: 50%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr></table>
</div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
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&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-3.2
<SEQUENCE>8
<FILENAME>dcar_ex32.htm
<DESCRIPTION>BYLAWS OF DROPCAR
<TEXT>
<html>
<head>
<!-- Document created using Blueprint(R) - powered by Issuer Direct - www.issuerdirect.com -->
<!-- Copyright 2019 Issuer Direct Corporation -->
<title>Blueprint</title>
</head>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
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<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
</font></div>
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;"><font style="font-weight: bold">
Exhibit 3.2</font><br></font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
AMENDED AND RESTATED</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
BYLAWS</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
OF</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
DROPCAR, INC.</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-weight: bold; font-family: Times New Roman; font-size: 13px">
(As Amended on December 18, 2019)</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; color: #010000; font-family: Times New Roman; font-size: 13px">
ARTICLE I</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
OFFICES</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #010000">Section
1.01&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font><font style="text-decoration: underline; color: #000000">Registered
Office</font><font style="color: #000000">. The registered office
of DropCar, Inc. (the &#x201C;</font><font style="font-weight: bold; color: #000000">Corporation</font><font style="color: #000000">&#x201D;) in the State of Delaware shall be at 1209
Orange Street, Wilmington, Delaware, and the name of the registered
agent at that address shall be the Corporation Trust
Company.</font></font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #010000">Section
1.02&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font><font style="text-decoration: underline; color: #000000">Principal
Office</font><font style="color: #000000">. The principal office
for the transaction of the business of the Corporation shall be at
1412 Broadway, Suite 2105, New York, New York 10018. The Board of
Directors (hereafter called the &#x201C;</font><font style="font-weight: bold; color: #000000">Board</font><font style="color: #000000">&#x201D;) is hereby granted full power and
authority to change said principal office from one location to
another.</font></font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #010000">Section
1.03&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font><font style="text-decoration: underline; color: #000000">Other
Offices</font><font style="color: #000000">. The Corporation may
also have an office or offices at such other place or places,
either within or without the State of Delaware, as the Board may
from time to time determine or as the business of the Corporation
may require.</font></font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; color: #010000; font-family: Times New Roman; font-size: 13px">
ARTICLE II</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
STOCKHOLDER&#x2019;S MEETINGS</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #010000">Section
2.01&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font><font style="text-decoration: underline; color: #000000">Annual
Meetings</font><font style="color: #000000">. Annual meetings of
the stockholders of the Corporation for the purpose of electing
directors and for the transaction of such other proper business as
may come before such meetings shall be held each year on a date and
at a time designated by the Board.</font></font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #010000">Section
2.02&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font><font style="text-decoration: underline; color: #000000">Special
Meetings</font><font style="color: #000000">. Special meetings of
the stockholders for any purpose or purposes may be called by the
Chairman of the Board, the Board or a committee of the Board which
has been duly designated by the Board and whose powers and
authority, as provided in a resolution of the Board or in these
Bylaws, include the power to call such meetings. Unless otherwise
prescribed by statute, the Certificate of Incorporation or these
Bylaws, special meetings may not be called by any other person or
persons. No business may be transacted at any special meeting of
stockholders other than such business as may be designated in the
notice calling such meeting.</font></font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #010000">Section
2.03&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font><font style="text-decoration: underline; color: #000000">Place
of Meeting</font><font style="color: #000000">. The Board, the
Chairman of the Board, or a committee of the Board, as the case may
be, may designate the place of meeting for any annual meeting or
for any special meeting of the stockholders called by the Board,
the Chairman of the Board, or a committee of the
Board.</font></font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #010000">Section
2.04&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font><font style="text-decoration: underline; color: #000000">Notice
of Meeting</font><font style="color: #000000">. Unless otherwise
provided by law, written notice stating the place, date and hour of
the meeting, and, in the case of a special meeting, the purpose or
purposes for which the meeting is called, shall be delivered by the
Corporation not less than ten (10) days nor more than sixty (60)
days before the date of the meeting, either personally or by mail,
to each stockholder of record entitled to vote at such meeting. If
mailed, such notice shall be deemed to be delivered when deposited
in the United States mail with postage thereon prepaid, addressed
to the stockholder at his address as it appears on the stock
transfer books of the Corporation. Such further notice shall be
given as may be required by law. Only such business shall be
conducted at a special meeting of stockholders as shall have been
brought before the meeting pursuant to the Corporation&#x2019;s
notice of meeting. Meetings may be held without notice if all
stockholders entitled to vote are present (unless any stockholder
is present at the meeting for the express purpose of objecting at
the beginning of the meeting to the transaction of any business
because the meeting is not lawfully called or convened), or if
notice is waived by those not present in accordance with Section
8.02 of these Bylaws. Any previously scheduled meeting of the
stockholders may be postponed, and (unless the Certificate of
Incorporation otherwise provides) any special meeting of the
stockholders may be canceled, by resolution of the Board upon
public notice given prior to the date previously scheduled for such
meeting of stockholders.</font></font></div>
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<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">1</font></div>
</div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #010000">Section
2.05&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font><font style="text-decoration: underline; color: #000000">Quorum
and Adjournment</font><font style="color: #000000">. Except in the
case of any meeting for the election of directors summarily ordered
as provided by law, the holders of record of thirty-three and
one-third percent (33.33%) in voting interest of the shares of
stock of the Corporation entitled to be voted thereat, present in
person or by proxy, shall constitute a quorum for the transaction
of business at any meeting of the stockholders of the Corporation
or any adjournment thereof. Where a separate vote by a class or
classes is required, a majority of the outstanding shares of such
class or classes, present in person or represented by proxy, shall
constitute a quorum entitled to take action with respect to that
vote on that matter and the affirmative vote of the majority of the
shares of such class or classes present in person or represented by
proxy at the meeting shall be the act of such class. In the absence
of a quorum at any meeting or any adjournment thereof, a majority
in voting interest of the shareholders present in person or by
proxy and entitled to vote thereat or, in the absence therefrom of
all stockholders, any officer entitled to preside at, or to act as
secretary of such meeting may adjourn such meeting from time to
time. The Chairman of the meeting or a majority of the shares so
represented may adjourn the meeting from time to time, whether or
not there is such a quorum. No notice of the time and place, of
adjourned meetings need be given except as required by law. No
business may be transacted at a meeting in the absence of a quorum
other than the adjournment of such meeting, except that if a quorum
is present at the commencement of a meeting, business may be
transacted until the meeting is adjourned even though the
withdrawal of stockholders results in less than a
quorum.</font></font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #010000">Section
2.06&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font><font style="text-decoration: underline; color: #000000">Notice
of Stockholder Business and Nominations</font><font style="color: #000000">.</font></font></div>
<div style="text-align: justify; margin-left: 48px; margin-right: 0px; text-indent: 96px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #010000">(a)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font><font style="text-decoration: underline; color: #000000">Annual
Meetings of Stockholders</font><font style="color: #000000">.</font></font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 144px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #010000">(i)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font><font style="color: #000000">Nominations
of persons for election to the Board and the proposal of business
to be considered by the stockholders may be made at an annual
meeting of stockholders (A) pursuant to the Corporation&#x2019;s
notice of meeting, (B)&#xA0;by or at the direction of the Board or
(C) by any stockholder of the Corporation who was a stockholder of
record at the time of giving of notice provided for in this Bylaw,
who is entitled to vote at the meeting and who complies with the
notice procedures set forth in this Bylaw.</font></font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 144px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 144px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #010000">(ii)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font><font style="color: #000000">For
nominations or other business to be properly brought before an
annual meeting by a stockholder pursuant to clause (C) of paragraph
(a)(i) of this Bylaw, the stockholder must have given timely notice
thereof in writing to the Secretary of the Corporation and such
other business must otherwise be a proper matter for stockholder
action. To be timely, a stockholder&#x2019;s notice shall be
delivered to the Secretary at the principal executive offices of
the Corporation not later than the close of business on the 60th
day nor earlier than the close of business on the 90th day prior to
the first anniversary of the preceding year&#x2019;s annual meeting;
provided, however, that in the event that the date of the annual
meeting is more than 30 days before or more than 60 days after such
anniversary date, notice by the stockholder to be timely must be so
delivered not earlier than the close of business on the 90th day
prior to such annual meeting and not later than the close of
business on the later of the 60th day prior to such annual meeting
or the 10th day following the day on which public announcement of
the date of such meeting is first made by the Corporation. In no
event shall the public announcement of an adjournment of an annual
meeting commence a new time period for the giving of a
stockholder&#x2019;s notice as described above. Such
stockholder&#x2019;s notice shall set forth (A) as to each person
whom the stockholder proposes to nominate for election or
re-election as a director all information relating to such person
that is required to be disclosed in solicitations of proxies for
election of directors in an election contest, or is otherwise
required, in each case pursuant to Regulation 14A under the
Securities Exchange Act of 1934, as amended (the
&#x201C;</font><font style="font-weight: bold; color: #000000">Exchange Act</font><font style="color: #000000">&#x201D;) and Rule 14a-11 thereunder (including
such person&#x2019;s written consent to being named in the proxy
statement as a nominee and to serving as a director if elected);
(B) as to any other business that the stockholder proposes to bring
before the meeting, a brief description of the business desired to
be brought before the meeting, the reasons for conducting such
business at the meeting and any material interest in such business
of such stockholder and the beneficial owner, if any, on whose
behalf the proposal is made; and (C) as to the stockholder giving
the notice and the beneficial owner, if any, on whose behalf the
nomination or proposal is made (1) the name and address of such
stockholder, as they appear on the Corporation&#x2019;s books, and
of such beneficial owner and (2) the class and number of shares of
the Corporation which are owned beneficially and of record by such
stockholder and such beneficial owner.</font></font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 144px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 144px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #010000">(iii)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font><font style="color: #000000">Notwithstanding
anything in the second sentence of paragraph&#xA0;(a)(ii) of this
Bylaw to the contrary, in the event that the number of directors to
be elected to the Board of the Corporation is increased and there
is no public announcement by the Corporation naming all of the
nominees for director or specifying the size of the increased Board
at least 70 days prior to the first anniversary of the preceding
year&#x2019;s annual meeting, a stockholder&#x2019;s notice required
by this Bylaw shall also be considered timely, but only with
respect to nominees for any new positions created by such increase,
if it shall be delivered to the Secretary at the principal
executive offices of the Corporation not later than the close of
business on the 10th day following the day on which such public
announcement is first made by the Corporation.</font></font></div>
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<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">2</font></div>
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<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 144px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #010000">(b)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font><font style="text-decoration: underline; color: #000000">Special
Meetings of Stockholders</font><font style="color: #000000">. Only
such business shall be conducted at a special meeting of
stockholders as shall have been brought before the meeting pursuant
to the Corporation&#x2019;s notice of meeting. Nominations of
persons for election to the Board may be made at a special meeting
of stockholders at which directors are to be elected pursuant to
the Corporation&#x2019;s notice of meeting (i) by or at the
direction of the Board or (ii) provided that the Board has
determined that directors shall be elected at such meeting, by any
stockholder of the Corporation who is a stockholder of record at
the time of giving of notice provided for in this Bylaw, who shall
be entitled to vote at the meeting and who complies with the notice
procedures set forth in this Bylaw. In the event the Corporation
calls a special meeting of stockholders for the purpose of electing
one or more directors to the Board, any such stockholder may
nominate a person or persons (as the case may be), for election to
such position(s) as specified in the Corporation&#x2019;s notice of
meeting, if the stockholder&#x2019;s notice required by paragraph
(a)(ii) of this Bylaw shall be delivered to the Secretary at the
principal executive offices of the Corporation not earlier than the
close of business on the 90th day prior to such special meeting and
not later than the close of business on the later of the 60th day
prior to such special meeting or the 10th day following the day on
which public announcement is first made of the date of the special
meeting and of the nominees proposed by the Board to be elected at
such meeting. In no event shall the public announcement of an
adjournment of a special meeting commence a new time period for the
giving of a stockholder&#x2019;s notice as described
above.</font></font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 144px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #010000">(c)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font><font style="text-decoration: underline; color: #000000">General</font><font style="color: #000000">.</font></font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 144px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #010000">(i)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font><font style="color: #000000">Only
such persons who are nominated in accordance with the procedures
set forth in this Bylaw shall be eligible to serve as directors and
only such business shall be conducted at a meeting of stockholders
as shall have been brought before the meeting in accordance with
the procedures set forth in this Bylaw. Except as otherwise
provided by law, the Chairman of the meeting shall have the power
and duty to determine whether a nomination or any business proposed
to be brought before the meeting was made or proposed, as the case
may be, in accordance with the procedures set forth in this Bylaw
and, if any proposed nomination or business is not in compliance
with this Bylaw, to declare that such defective proposal or
nomination shall be disregarded.</font></font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 144px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 144px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #010000">(ii)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font><font style="color: #000000">For
purposes of this Bylaw, &#x201C;public announcement&#x201D; shall
mean disclosure in a press release reported by the Dow Jones News
Service, Associated Press or comparable national news service or in
a document publicly filed by the Corporation with the Securities
and Exchange Commission pursuant to Section 13, 14 or 15(d) of the
Exchange Act.</font></font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 144px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 144px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #010000">(iii)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font><font style="color: #000000">Notwithstanding
the foregoing provisions of this Bylaw, a stockholder shall also
comply with all applicable requirements of the Exchange Act and the
rules and regulations thereunder with respect to the matters set
forth in this Bylaw. Nothing in this Bylaw shall be deemed to
affect any rights (A) of stockholders to request inclusion of
proposals in the Corporation&#x2019;s proxy statement pursuant to
Rule 14a-8 under the Exchange Act or (B) of the holders of any
series of Preferred Stock to elect directors under specified
circumstances.</font></font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 144px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #010000">Section
2.07&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font><font style="text-decoration: underline; color: #000000">Voting</font><font style="color: #000000">.</font></font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 144px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #010000">(a)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font><font style="color: #000000">Each
stockholder shall, at each meeting of the stockholders, be entitled
to vote in person or by proxy each share or fractional share of the
stock of the Corporation having voting rights on the matter in
question and which shall have been held by him and registered in
his name on the books of the Corporation:</font></font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 144px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #010000">(i)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font><font style="color: #000000">on
the date fixed pursuant to Section 5.05 of these Bylaws as the
record date for the determination of stockholders entitled to
notice of and to vote at such meeting, or</font></font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 144px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 144px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #010000">(ii)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font><font style="color: #000000">if
no such record date shall have been so fixed, then (a) at the close
of business on the day next preceding the day on which notice of
the meeting shall be given or (b)&#xA0;if notice of the meeting
shall be waived, at the close of business on the day next preceding
the day on which the meeting shall be held.</font></font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">3</font></div>
</div>
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<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 144px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #010000">(b)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font><font style="color: #000000">Shares
of its own stock belonging to the Corporation or to another
corporation, if a majority of the shares entitled to vote in the
election of directors in such other corporation is held, directly
or indirectly, by the Corporation, shall neither be entitled to
vote nor be counted for quorum purposes. Nothing in this section
shall be construed as limiting the right of the Corporation to vote
stock, including but not limited to its own stock, held by it in a
fiduciary capacity. Persons holding stock of the Corporation in a
fiduciary capacity shall be entitled to vote such stock. Persons
whose stock is pledging shall be entitled to vote, unless in the
transfer by the pledgor on the books of the Corporation he shall
have expressly empowered the pledgee to vote thereon, in which case
only the pledgee, or his proxy, may represent such stock and vote
thereon. Stock having voting power standing of record in the names
of two or more persons, whether fiduciaries, members of a
partnership, joint tenants, tenants in common, tenants by the
entirety or otherwise, or with respect to which two or more persons
have the same fiduciary relationship, shall be voted in accordance
with the provisions of the General Corporation Law of the State of
Delaware.</font></font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 144px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #010000">(c)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font><font style="color: #000000">Any
such voting rights may be exercised by the stockholder entitled
thereto in person or by his proxy appointed by an instrument in
writing, subscribed by such stockholder or by his attorney
thereunto authorized and delivered to the secretary of the meeting;
provided, however, that no proxy shall be voted or acted upon after
three years from its date unless said proxy shall provide for a
longer period. The attendance at any meeting of a stockholder who
may theretofore have given a proxy shall not have the effect of
revoking the same unless he shall in writing so notify the
secretary of the meeting prior to the voting of the proxy. At any
meeting of the stockholders all matters, except as otherwise
provided in the Certificate of Incorporation, in these Bylaws or by
law, shall be decided by the vote of a majority of the shares
present in person or by proxy and entitled to vote thereat and
thereon, a quorum being present. The vote at any meeting of the
stockholders on any questions shall be by ballot and each ballot
shall be signed by the stockholder voting, or by his proxy, if
there be such proxy, and it shall state the number of shares voted.
The chairman of the meeting shall fix and announce at the meeting
the date and time of the opening and the closing of the polls for
each matter upon which the stockholders will vote at a
meeting.</font></font></div>
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<font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #010000">Section
2.08&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font><font style="text-decoration: underline; color: #000000">List
of Stockholders</font><font style="color: #000000">. The Secretary
of the Corporation shall prepare and make, at least ten (10) days
before every meeting of stockholders, a complete list of the
stockholders entitled to vote at the meeting, arranged in
alphabetical order, and showing the address of each stockholder and
the number of shares registered in the name of each stockholder.
Such list shall be open to the examination of any stockholder, for
any purpose germane to the meeting, for a period of at least ten
(10) days prior to the meeting during ordinary business hours at
the principal place of business of the Corporation. The list shall
also be produced and kept at the time and place of the meeting
during the duration thereof, and may be inspected by any
stockholder who is present.</font></font></div>
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<font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #010000">Section
2.09&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font><font style="text-decoration: underline; color: #000000">Inspectors
of Election</font><font style="color: #000000">. The Corporation
shall, in advance of any meeting of stockholders, appoint one or
more inspectors to act at the meeting and make a written report
thereof. The Corporation may designate one or more persons as
alternate inspectors to act at the meeting. If no inspector or
alternate is able to act at a meeting of stockholders, the chairman
of such meeting shall appoint one or more inspectors to act at the
meeting. Each inspector so appointed shall first sign an oath
faithfully to execute the duties of inspector at such meeting with
strict impartiality and according to the best of his ability. The
inspectors shall ascertain the number of shares outstanding and the
voting power of each, determine the shares represented at a meeting
and the validity of proxies and ballots, count all votes and
ballots, determine and retain for a reasonable period a record of
the disposition of any challenges made to any determination by the
inspectors, and certify their determination of the number of shares
represented at the meeting and their count of all votes and
ballots. Reports of the inspectors shall be in writing and
subscribed and delivered by them to the Secretary of the
Corporation. The inspectors may appoint or retain other persons or
entities to assist them in the performance of their duties as
inspectors. The inspectors need not be stockholders of the
Corporation, and any officer of the Corporation may be an inspector
on any question other than a vote for or against a proposal in
which he shall have a material interest.</font></font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #010000">Section
2.10&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font><font style="text-decoration: underline; color: #000000">Stockholder
Action by Written Consent</font><font style="color: #000000">.
Whenever the vote of stockholders at a meeting thereof is required
or permitted to be taken for or in connection with any corporate
action, by any provision of the statutes, the meeting and vote of
stockholders may be dispensed with if all of the stockholders who
have been entitled to vote upon the action if such meeting were
held shall consent in writing to such corporate action being taken,
or if the certificate of incorporation authorized the action to be
taken with the written consent of the holders of less than all of
the stock who would have been entitled to vote upon the action if a
meeting were held, then on the written consent of the stockholders
having not less than such percentage of the number of votes as may
be authorized in the certificate of incorporation; provided that in
no case shall the written consent be by the holders of stock having
less than the minimum percentage of the vote required by statute
for the proposed corporate action, and provided that prompt notice
must be given to all stockholders of the taking of corporate action
without a meeting by less than unanimous written
consent.</font></font></div>
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<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">4</font></div>
</div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #010000">Section
2.11&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font><font style="text-decoration: underline; color: #000000">Record
Date for Written Consent</font><font style="color: #000000">. In
order that the Corporation may determine the stockholders entitled
to consent to corporate action in writing without a meeting, the
board of directors may fix a record date, which record date shall
not precede the date upon which the resolution fixing the record
date is adopted by the board of directors, and which date shall not
be more than ten (10) days after the date upon which the resolution
fixing the record date is adopted by the board of directors. Any
stockholder of record seeking to have the stockholders authorize or
take corporate action by written consent shall, by written notice
to the Secretary, request the board of directors to fix a record
date. The board of directors shall promptly, but in all events
within ten (10) days after the date on which such a request is
received, adopt a resolution fixing the record date (unless a
record date has previously been fixed by the board of directors
pursuant to the first sentence of this Section 2.11). If no record
date has been fixed by the board of directors pursuant to the first
sentence of this Section 2.11 or otherwise within ten (10) days of
the date on which such a request is received, the record date for
determining stockholders entitled to consent to corporate action in
writing without a meeting, when no prior action by the board of
directors is required by applicable law, shall be the first date on
which a signed written consent setting forth the action taken or
proposed to be taken is delivered to the corporation by delivery to
its registered office in Delaware, its principal place of business,
or to any officer or agent of the corporation having custody of the
book in which proceedings of meetings of stockholders are recorded.
Delivery shall be by hand or by certified or registered mail,
return receipt requested. If no record date has been fixed by the
board of directors and prior action by the board of directors is
required by applicable law, the record date for determining
stockholders entitled to consent to corporate action in writing
without a meeting shall be at the close of business on the date on
which the board of directors adopts the resolution taking such
prior action.</font></font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #010000">Section
2.12&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font><font style="text-decoration: underline; color: #000000">Inspection
of Written Consents</font><font style="color: #000000">. In the
event of the delivery, in the manner provided by Section 2.11, to
the Corporation of the requisite written consent or consents to
take corporate action and/or any related revocation or revocations,
the corporation shall engage independent inspectors of elections
for the purpose of performing promptly a ministerial review of the
validity of the consents and revocations. For the purpose of
permitting the inspectors to perform such review, no action by
written consent without a meeting shall be effective until such
date as the independent inspectors certify to the corporation that
the consents delivered to the corporation in accordance with
Section 2.11 represent at least a minimum number of votes that
would be necessary to take the corporate action. Nothing contained
in this Section 2.12 shall in any way be construed to suggest or
imply that the board of directors or any stockholder shall not be
entitled to contest the validity of any consent or revocation
thereof, whether before or after such certification by the
independent inspectors, or to take any other action (including,
without limitation, the commencement, prosecution, or defense of
any litigation with respect thereto, and the seeking of injunctive
relief in such litigation).</font></font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #010000">Section
2.13&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font><font style="text-decoration: underline; color: #000000">Form
of Written Consents</font><font style="color: #000000">. Every
written consent shall bear the date of signature of each
stockholder who signs the consent and no written consent shall be
effective to take the corporate action referred to therein unless,
within sixty (60) days of the earliest dated written consent
received in accordance with Section 2.11, a written consent or
consents signed by a sufficient number of holders to take such
action are delivered to the corporation in the manner prescribed in
Section 2.11.</font></font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
&#xA0;</font></div>
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<font style="font-weight: bold; color: #010000; font-family: Times New Roman; font-size: 13px">
ARTICLE III</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
BOARD OF DIRECTORS</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #010000">Section
3.01&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font><font style="text-decoration: underline; color: #000000">General
Powers</font><font style="color: #000000">. The property, business
and affairs of the Corporation shall be managed by or under the
direction of the Board.</font></font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #010000">Section
3.02&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font><font style="text-decoration: underline; color: #000000">Number,
Election and Terms</font><font style="color: #000000">. The number
of the directors of the Board of the Corporation, which shall
consist of not less than one nor more than ten members, shall be
fixed from time to time exclusively pursuant to a resolution
adopted by a majority of the total number of directors which the
Corporation would have if there were no vacancies. Directors, who
shall be elected at the annual meeting of stockholders for a term
of one (1) year, shall hold office until their successors are
elected and qualify. Directors need not be
stockholders.</font></font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">5</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #010000">Section
3.03&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font><font style="text-decoration: underline; color: #000000">Procedure
for Election of Directors; Required Vote</font><font style="color: #000000">. Election of directors at all meetings of the
stockholders at which directors are to be elected shall be by
ballot, and each director to be elected by stockholders shall be
elected by the vote of a plurality of the votes cast at any meeting
for the election of directors at which a quorum is
present.</font></font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #010000">Section
3.04&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font><font style="text-decoration: underline; color: #000000">Resignations</font><font style="color: #000000">.
Any director of the Corporation may resign at any time by giving
written notice to the Board or to the Secretary of the Corporation.
Any such resignation shall take effect at the time specified
therein, or, if the time be not specified, it shall take effect
immediately upon its receipt; and unless otherwise specified
therein, the acceptance of such resignation shall not be necessary
to make it effective.</font></font></div>
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<font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #010000">Section
3.05&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font><font style="text-decoration: underline; color: #000000">Removal</font><font style="color: #000000">.
Subject to the rights of any class or series of stock having a
preference over the Common Stock as to dividends or upon
liquidation to elect directors under specified circumstances, any
director may be removed from office at any time, with or without
cause and only by the affirmative vote of the holders of sixty-six
and two-thirds percent (66.66%) of the combined voting power of the
then outstanding shares of stock entitled to vote generally in the
election of directors, voting together as a single
class.</font></font></div>
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<font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #010000">Section
3.06&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font><font style="text-decoration: underline; color: #000000">Vacancies</font><font style="color: #000000">.
Subject to applicable law and unless the Board of Directors
otherwise determines, vacancies resulting from death, resignation,
retirement, disqualification, removal from office or other cause,
and newly created directorships resulting from any increase in the
authorized number of directors, may be filled only by the
affirmative vote of a majority of the remaining directors, though
less than a quorum of the Board of Directors, and directors so
chosen shall hold office for a term expiring at the annual meeting
of stockholders at which the term of office to which they have been
elected expires and until such director&#x2019;s successor shall
have been duly elected and qualified. No decrease in the number of
authorized directors constituting the Board of Directors of the
Corporation shall shorten the term of any incumbent
director.</font></font></div>
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<font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #010000">Section
3.07&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font><font style="text-decoration: underline; color: #000000">Place
of Meeting, Etc.</font><font style="color: #000000">&#xA0;The Board
may hold any of its meetings at such place or places within or
without the State of Delaware as the Board may from time to time by
resolution designate or as shall be designated by the person or
persons calling the meeting or in the notice or a waiver of notice
of any such meeting. Directors may participate in any regular or
special meeting of the Board by means of conference telephone or
similar communications equipment pursuant to which all persons
participating in the meeting of the Board can hear each other, and
such participation shall constitute presence in person at such
meeting.</font></font></div>
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<font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #010000">Section
3.08&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font><font style="text-decoration: underline; color: #000000">Regular
Meetings</font><font style="color: #000000">. Regular meetings of
the Board may be held at such times as the Board shall from time to
time by resolution determine. If any day fixed for a regular
meeting shall be a legal holiday at the place where the meeting is
to be held, then the meeting shall be held at the same hour and
place on the next succeeding business day not a legal holiday.
Except as provided by law, notice of regular meetings need not be
given.</font></font></div>
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<font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #010000">Section
3.09&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font><font style="text-decoration: underline; color: #000000">Special
Meetings</font><font style="color: #000000">. Special meetings of
the Board may be called by the Chairman of the Board of Directors
or the Chief Executive Officer. Notice of any special meeting of
directors shall be given to each director at his business or
residence in writing by hand delivery, first-class or overnight
mail or courier service, telegram or facsimile transmission,
electronic mail or electronic messaging system, or orally by
telephone. If mailed by first-class mail, such notice shall be
deemed adequately delivered when deposited in the United States
mails so addressed, with postage thereon prepaid, at least five (5)
days before such meeting. If by telegram, overnight mail or courier
service, such notice shall be deemed adequately delivered when the
telegram is delivered to the telegraph company or the notice is
delivered to the overnight mail or courier service company at least
twenty-four (24) hours before such meeting. If by facsimile
transmission, electronic mail, or electronic messaging system, such
notice shall be deemed adequately delivered when the notice is
transmitted at least twelve (12) hours before such meeting. If by
telephone or by hand delivery, the notice shall be given at least
twelve (12) hours prior to the time set for the meeting. Such
notice may be waived by any director and any meeting shall be a
legal meeting without notice having been given if all the directors
shall be present thereat or if those not present shall, either
before or after the meeting, sign a written waiver of notice of, or
a consent to, such meeting or shall after the meeting sign the
approval of the minutes thereof. All such waivers, consents or
approvals shall be filed with the corporate records or be made a
part of the minutes of the meeting.</font></font></div>
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<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#xA0;&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #010000">Section
3.10&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font><font style="text-decoration: underline; color: #000000">Quorum
and Manner of Acting</font><font style="color: #000000">. Except as
otherwise provided in the Certificate of Incorporation or these
Bylaws or by law, the presence of a majority of the total number of
directors then in office shall be required to constitute a quorum
for the transaction of business at any meeting of the Board. Except
as otherwise provided in the Certificate of Incorporation or these
Bylaws or by law, all matters shall be decided at any such meeting,
a quorum being present, by the affirmative votes of a majority of
the directors present. In the absence of a quorum, a majority of
directors present at any meeting may adjourn the same from time to
time until a quorum shall be present. Notice of any adjourned
meeting need not be given. The directors shall act only as a Board,
and the individual directors shall have no power as
such.</font></font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #010000">Section
3.11&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font><font style="text-decoration: underline; color: #000000">Action
by Consent</font><font style="color: #000000">. Any action required
or permitted to be taken at any meeting of the Board or of any
committee thereof may be taken without a meeting if a written
consent thereto is signed by all members of the Board or of such
committee, as the case may be, and such written consent is filed
with the minutes of proceedings of the Board or
committee.</font></font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #010000">Section
3.12&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font><font style="text-decoration: underline; color: #000000">Compensation</font><font style="color: #000000">.
The directors shall receive only such compensation for their
services as directors as may be allowed by resolution of the Board.
The Board may also provide that the Corporation shall reimburse
each such director for any expense incurred by him on account of
his attendance at any meetings of the Board or Committees of the
Board. Neither the payment of such compensation nor the
reimbursement of such expenses shall be construed to preclude any
director from serving the Corporation or its subsidiaries in any
other capacity and receiving compensation
therefor.</font></font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #010000">Section
3.13&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font><font style="text-decoration: underline; color: #000000">Executive
Committee</font><font style="color: #000000">. There may be an
Executive Committee of two or more directors appointed by the
Board, who may meet at stated times, or in notice to all by any of
their own number, during the intervals between the meetings of the
Board; they shall advise and aid the officers of the Corporation in
all matters concerning its interest and the management of its
business, and generally perform such duties and exercise such
powers as may be directed or delegated by the Board from time to
time. The Board of Directors may also designate, if it desires,
other directors as alternate members who may replace any absent or
disqualified member of the Executive Committee at any meeting
thereof. To the full extent permitted by law, the Board may
delegate to such committee authority to exercise all the powers of
the Board while the Board is not in session. Vacancies in the
membership of the committee shall be filled by the Board at a
regular meeting or at a special meeting for that purpose. In the
absence or disqualification of any member of the Executive
Committee and any alternate member in his or her place, the member
or members of the Executive Committee present at the meeting and
not disqualified from voting, whether or not he or she or they
constitute a quorum, may, by unanimous vote, appoint another member
of the Board of Directors to act at the meeting in the place of the
absent or disqualified member. The Executive Committee shall keep
written minutes of its meeting and report the same to the Board
when required. The provisions of Sections 3.08, 3.09, 3.10 and 3.11
of these Bylaws shall apply, mutatis mutandis, to any Executive
Committee of the Board.</font></font></div>
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<font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #010000">Section
3.14&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font><font style="text-decoration: underline; color: #000000">Other
Committees</font><font style="color: #000000">. The Board may, by
resolution passed by a majority of the whole Board, designate one
or more other committees, each such committee to consist of one or
more of the directors of the Corporation. The Board of Directors
may also designate, if it desires, other directors as alternate
members who may replace any absent or disqualified member of any
such committee at any meeting thereof. To the full extent permitted
by law, any such committee shall have and may exercise such powers
and authority as the Board may designate in such resolution.
Vacancies in the membership of a committee shall be filled by the
Board at a regular meeting or a special meeting for that purpose.
Any such committee shall keep written minutes of its meeting and
report the same to the Board when required. In the absence or
disqualification of any member of any such committee and any
alternate member or members of any such committee present at the
meeting and not disqualified from voting, whether or not he or she
or they constitute a quorum, may, by unanimous vote, appoint
another member of the Board of Directors to act at the meeting in
the place of the absent or disqualified member. The provisions of
Section 3.08, 3.09, 3.10 and 3.11 of these Bylaws shall apply,
mutatis mutandis, to any such committee of the
Board.</font></font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; color: #010000; font-family: Times New Roman; font-size: 13px">
ARTICLE IV</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
OFFICERS</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #010000">Section
4.01&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font><font style="text-decoration: underline; color: #000000">Number</font><font style="color: #000000">.
The officers of the Corporation shall be a Chief Executive Officer,
a Chief Financial Officer, one or more Vice Presidents, a Secretary
and a Treasurer. The Board may also elect one or more Assistant
Secretaries and Assistant Treasurers. A person may hold more than
one office providing the duties thereof can be consistently
performed by the same person.</font></font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">7</font></div>
</div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #010000">Section
4.02&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font><font style="text-decoration: underline; color: #000000">Other
Officers</font><font style="color: #000000">. The Board may appoint
such other officers as it shall deem necessary who shall hold their
offices for such terms and shall exercise such powers and perform
such duties as shall be determined from time to time by the
Board.</font></font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #010000">Section
4.03&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font><font style="text-decoration: underline; color: #000000">Election</font><font style="color: #000000">.
Each of the officers of the Corporation, except such officers as
may be appointed in accordance with the provisions of Section 4.02
or Section 4.05 of this Article, shall be chosen annually by the
Board and shall hold his office until he shall resign or shall be
removed or otherwise disqualified to serve, or his successor shall
be elected and qualified.</font></font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #010000">Section
4.04&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font><font style="text-decoration: underline; color: #000000">Salaries</font><font style="color: #000000">.
The salaries of all executive officers of the Corporation shall be
fixed by the Board or by such committee of the Board as may be
designated from time to time by a resolution adopted by a majority
of the Board.</font></font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #010000">Section
4.05&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font><font style="text-decoration: underline; color: #000000">Removal;
Vacancies</font><font style="color: #000000">. Subject to the
express provisions of a contract authorized by the Board, any
officer may be removed, either with or without cause, at any time
by the Board or by any officer upon whom such power of removal may
be conferred by the Board. Any vacancy occurring in any office of
the Corporation shall be filled by the Board.</font></font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #010000">Section
4.06&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font><font style="text-decoration: underline; color: #000000">Chairman
of the Board</font><font style="color: #000000">. The Chairman of
the Board, if any, shall preside at all meetings of the Board and
stockholders at which he or she is present and shall have such
authority and perform such duties as may be prescribed by these
By-Laws or from time to time be determined by the
Board.</font></font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #010000">Section
4.07&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font><font style="text-decoration: underline; color: #000000">Chief
Executive Officer</font><font style="color: #000000">. The Chief
Executive Officer shall be an officer of the Corporation and shall
have general supervision and direction over the business and
affairs of the Corporation, subject to the control of the Board and
the provisions of Section 4.06 of this Article IV, and shall report
directly to the Board. The Chief Executive Officer shall see that
all orders and resolutions of the Board are carried into effect;
shall, if present and in the absence of the Chairman of the Board,
preside at meetings of the stockholders and of the Board; and in
general shall exercise all powers and perform all duties as may
from time to time be assigned to the Chief Executive Officer by the
Board or as may be prescribed in these Bylaws.</font></font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #010000">Section
4.08&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font><font style="text-decoration: underline; color: #000000">Chief
Financial Officer</font><font style="color: #000000">. The Chief
Financial Officer shall perform all the powers and duties of the
office of the chief financial officer and in general have overall
supervision of the financial operations of the Corporation. The
Chief Financial Officer shall, when requested, counsel with and
advise the other officers of the Corporation and shall perform such
other duties as he may agree with the Chief Executive Officer or as
the Board may from time to time determine. The Chief Financial
Officer shall report directly to the Chief Executive Officer. The
Chief Financial Officer shall perform all the duties of the Chief
Executive Officer if the Chief Executive Officer is absent or for
any other reason is unable to perform his
duties.</font></font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #010000">Section
4.09&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font><font style="text-decoration: underline; color: #000000">The
Vice Presidents</font><font style="color: #000000">. In the absence
of the Chief Executive Officer and Chief Financial Officer or in
the event of their inability or refusal to act, the Vice President
(or in the event there be more than one Vice President, the Vice
Presidents in the order designated, or in the absence of any
designation, then in the order of their election) shall perform the
duties of the Chief Executive Officer, and when so acting, shall
have all the powers of and be subject to all the restrictions upon
the Chief Executive Officer. The Vice Presidents shall perform such
other duties and have such other powers as the Board may from time
to time prescribe.</font></font></div>
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<font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #010000">Section
4.10&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font><font style="text-decoration: underline; color: #000000">The
Secretary and Assistant Secretary</font><font style="color: #000000">. The Secretary shall attend all meetings of the
Board and all meetings of the stockholders and record all the
proceedings of the meetings of the Corporation and of the Board in
a book to be kept for that purpose and shall perform like duties
for the standing and special committees of the Board when required.
He shall give, or cause to be given, notice of all meetings of the
stockholders and special meetings of the Board, and shall perform
such other duties as may be prescribed by the Board or Chief
Executive Officer, under whose supervision he shall act. He shall
have custody of the corporate seal of the Corporation and he, or an
assistant secretary, shall have authority to affix the same to any
instrument requiring it and, when so affixed, it may be attested by
his signature or by the signature of such assistant secretary. The
Board may give general authority to any other officer to affix the
seal of the Corporation and to attest the affixing by his
signature.</font></font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">8</font></div>
</div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">The
assistant secretary, or if there be more than one, the assistant
secretaries in the order determined by the Board (or if there be no
such determination, then in the order of their election), shall, in
the absence of the Secretary or in the event of his inability or
his refusal to act, perform the duties and exercise the powers of
the Secretary and shall perform such other duties and have such
other powers as the Board may from time to time
prescribe.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #010000">Section
4.11&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font><font style="text-decoration: underline; color: #000000">The
Treasurer</font><font style="color: #000000">. The Treasurer shall
have the custody of the corporate funds and securities and shall
keep full and accurate accounts of receipts and disbursements in
books belonging to the Corporation and shall deposit all moneys and
other valuable effects in the name and to the credit of the
Corporation in such depositories as may be designated by the
Board.</font></font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">He
shall disburse the funds of the Corporation as may be ordered by
the Board, making proper vouchers for such disbursements, and shall
render to the Chief Executive Officer and the Board, at its regular
meetings, or when the Board so requires, an account of all his
transactions as Treasurer and of the financial condition of the
Corporation.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">If
required by the Board, he shall give the Corporation a bond (which
shall be renewed every six (6) years) in such sum and with such
surety or sureties as shall be satisfactory to the Board for the
faithful performance of the duties of his office and for the
restoration to the Corporation, in case of his death, resignation,
retirement or removal from office, of all books, papers, vouchers,
money and other property of whatever kind in his possession or
under his control belonging to the Corporation.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #010000">Section
4.12&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font><font style="text-decoration: underline; color: #000000">The
Assistant Treasurer</font><font style="color: #000000">. The
Assistant Treasurer, or if there be more than one, the assistant
treasurers in the order determined by the Board (or if there be no
such determination, then in the order of their election), shall, in
the absence of the Treasurer or in the event of his inability or
refusal to act, perform the duties and exercise the powers of the
Treasurer and shall perform such other duties and have such other
powers as the Board may from time to time
prescribe.</font></font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; color: #010000; font-family: Times New Roman; font-size: 13px">
&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; color: #010000; font-family: Times New Roman; font-size: 13px">
ARTICLE V</font></div>
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<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
SHARES AND THEIR TRANSFER</font></div>
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<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #010000">Section
5.01&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font><font style="text-decoration: underline; color: #000000">Certificates
for Stock</font><font style="color: #000000">. Every owner of stock
of the Corporation shall be entitled to have a certificate or
certificates, to be in such form as the Board shall prescribe,
certifying the number and class of shares of the stock of the
Corporation owned by him. The certificates representing shares of
such stock shall be numbered in the order in which they shall be
issued and shall be signed in the name of the Corporation by the
Chairman, Vice Chairman, Chief Executive Officer or President or a
Vice President, and by the Secretary or an Assistant Secretary or
the Treasurer or an Assistant Treasurer. Any of or all of the
signatures on the certificates may be a facsimile. In case any
officer, transfer agent or registrar who has signed, or whose
facsimile signature has been placed upon, any such certificate
shall have ceased to be such officer, transfer agent or registrar
before such certificate is issued, such certificate may
nevertheless be issued by the Corporation with the same effect as
though the person who signed such certificate, or whose facsimile
signature shall have been placed thereupon, were such officer,
transfer agent or registrar at the date of issue. A record shall be
kept of the respective names of the persons, firms or corporations
owning the stock represented by such certificates, the number and
class of shares represented by such certificates, respectively, and
the respective dates thereof, and in case of cancellation, the
respective dates of cancellation. Every certificate surrendered to
the Corporation for exchange or transfer shall be canceled, and no
new certificate or certificates shall be issued in exchange for any
existing certificate until such existing certificate shall have
been so canceled, except in cases provided for in Section
5.04.</font></font></div>
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<font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #010000">Section
5.02&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font><font style="text-decoration: underline; color: #000000">Transfers
of Stock</font><font style="color: #000000">. Transfers of shares
of stock of the Corporation shall be made only on the books of the
Corporation by the registered holder thereof, or by his attorney
thereunto authorized by power of attorney duly executed and filed
with the Secretary, or with a transfer clerk or a transfer agent
appointed as provided in Section 5.03, and upon surrender of the
certificate or certificates for such shares properly endorsed and
the payment of all taxes thereon. The person in whose name shares
of stock stand on the books of the Corporation shall be deemed the
owner thereof for all purposes as regards the Corporation. Whenever
any transfer of shares shall be made for collateral security, and
not absolutely, such fact shall be so expressed in the entry of
transfer if, when the certificate or certificates shall be
presented to the Corporation for transfer, both the transferor and
the transferee request the Corporation to do
so.</font></font></div>
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<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">9</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #010000">Section
5.03&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font><font style="text-decoration: underline; color: #000000">Regulations</font><font style="color: #000000">.
The Board may make such rules and regulations as it may deem
expedient, not inconsistent with these Bylaws, concerning the
issue, transfer and registration of certificates for shares of the
stock of the Corporation. It may appoint, or authorize any officer
or officers to appoint, one or more transfer clerks or one or more
transfer agents and one or more registrars, and may require all
certificates for stock to bear the signature or signatures of any
of them.</font></font></div>
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<font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #010000">Section
5.04&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font><font style="text-decoration: underline; color: #000000">Lost,
Stolen, Destroyed, and Mutilated Certificates</font><font style="color: #000000">. In any case of loss, theft, destruction or
mutilation of any certificate of stock, another may be issued in
its place upon proof of such loss, theft, destruction or mutilation
and upon the giving of a bond of indemnity to the Corporation in
such form and in such sum as the Board may direct; provided,
however, that a new certificate may be issued without requiring any
bond when, in the judgment of the Board, it is proper so to
do.</font></font></div>
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<font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #010000">Section
5.05&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font><font style="text-decoration: underline; color: #000000">Fixing
Date for Determination of Stockholders of Record</font><font style="color: #000000">. In order that the Corporation may determine the
stockholders entitled to notice of or to vote at any meeting of
stockholders, or to receive payment of any dividend or other
distribution or allotment of any rights or to exercise any rights
in respect of any change, conversion or exchange of stock or for
the purpose of any other lawful action except for consenting to
corporate action in writing without a meeting, the Board of
Directors may fix a record date, which shall not precede the date
the resolution fixing the record date is adopted and which record
date shall not be more than sixty (60) nor less than ten (10) days
before the date of any meeting of stockholders, nor more than sixty
(60) days prior to the time for such other action as herein before
described; provided, however, that if no record date is fixed by
the Board of Directors, the record date for determining
stockholders entitled to notice of or to vote at a meeting of
stockholders shall be at the close of business on the day preceding
the day on which notice is given or, if notice is waived, at the
close of business on the day next preceding the day on which the
meeting is held and, for determining stockholders entitled to
receive payment of any dividend or other distribution or allotment
of any rights or to exercise any rights in respect of any change,
conversion or exchange of stock or any other lawful action except
for consenting to corporate action in writing without a meeting,
the record date shall be the close of business on the day on which
the Board of Directors adopts a resolution relating
thereto.</font></font></div>
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<font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; color: #010000; font-family: Times New Roman; font-size: 13px">
ARTICLE VI</font></div>
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<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
DIVIDENDS AND FINANCES</font></div>
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<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #010000">Section
6.01&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font><font style="text-decoration: underline; color: #000000">Dividends</font><font style="color: #000000">.
Dividends may be declared by the directors and paid out of any
funds legally available therefor under the laws of Delaware, as may
be deemed advisable from time to time by the Board of Directors of
the Corporation. Before declaring any dividends, the Board of
Directors may set aside out of net profits or earned or other
surplus such sums as the Board may think proper as a reserve fund
to meet contingencies or for other purposes deemed proper and to
the best interests of the Corporation.</font></font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #010000">Section
6.02&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font><font style="text-decoration: underline; color: #000000">Monies</font><font style="color: #000000">.
The monies, securities, and other valuable effects of the
Corporation shall be deposited in the name of the Corporation in
such banks or trust companies as the Board of Directors shall
designate and shall be drawn out or removed only as may be
authorized by the Board of Directors from time to
time.</font></font></div>
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<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">10</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<font style="font-weight: bold; color: #010000; font-family: Times New Roman; font-size: 13px">
ARTICLE VII</font></div>
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<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
INDEMNIFICATION</font></div>
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<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #010000">Section
7.01&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font><font style="text-decoration: underline; color: #000000">Indemnification
of Officers, Directors, Employees and Agents;
Insurance</font><font style="color: #000000">.</font></font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 144px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #010000">(a)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font><font style="text-decoration: underline; color: #000000">Right
to Indemnification</font><font style="color: #000000">. Each person
who was or is made a party or is threatened to be made a party to
or is otherwise involved in any action, suit or proceeding, whether
civil, criminal, administrative or investigative (hereinafter a
&#x201C;proceeding&#x201D;), by reason of the fact that he or she is
or was a director or officer of the Corporation or is or was
serving at the request of the Corporation as a director, officer,
employee, trustee, agent or fiduciary of another corporation or of
a partnership, joint venture, trust or other enterprise, including
service with respect to an employee benefit plan (hereinafter an
&#x201C;indemnitee&#x201D;), whether the basis of such proceeding is
alleged action in an official capacity as a director, officer,
employee, trustee, agent, fiduciary, or in any other capacity,
while serving as a director, officer, employee, agent, trustee or
fiduciary of another corporation shall be indemnified and held
harmless by the Corporation to the fullest extent authorized by the
Delaware General Corporation Law, as the same exists or may
hereafter be amended (but, in the case of any such amendment, only
to the extent that such amendment permits the Corporation to
provide broader indemnification rights than permitted prior
thereto), against all expense, liability and loss (including
attorneys&#x2019; fees, judgments, fines, ERISA excise taxes or
penalties and amounts paid in settlement) reasonably incurred or
suffered by such indemnitees in connection therewith and such
indemnification shall continue as to an indemnitee who has ceased
to be a director, officer, employee, trustee, agent, fiduciary or
in any other capacity, and shall inure to the benefit of the
indemnitee&#x2019;s heirs, executors and administrators; provided,
however, that except as provided in paragraph (c) hereof with
respect to proceedings to enforce rights to indemnification, the
Corporation shall indemnify any such indemnitee in connection with
a proceeding (or part thereof) initiated by such indemnitee only if
such proceeding (or part thereof) was authorized or is subsequently
ratified by the Board of Directors of the Corporation. The
Corporation shall not be liable to indemnify the indemnitee with
regard to any award in any proceeding if the Corporation was not
given a reasonable and timely opportunity, at its expense, to
meaningfully participate in the defense of such
proceeding.</font></font></div>
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<font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #010000">(b)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font><font style="text-decoration: underline; color: #000000">Right
to Advancement of Expenses</font><font style="color: #000000">. The
right to indemnification conferred in paragraph (a) of this Section
shall include the right to be paid by the Corporation the expenses
(including attorneys&#x2019; fees) incurred in defending any
proceeding for which such right to indemnification is applicable in
advance of its final disposition (hereinafter an &#x201C;advancement
of expenses&#x201D;); provided, however, that, if the Delaware
General Corporation Law requires, an advancement of expenses
incurred by an indemnitee in his or her capacity as a director or
officer (and not in any other capacity in which service was or is
rendered by such indemnitee, including, without limitation, service
to an employee benefit plan) shall be made only upon delivery to
the Corporation of an undertaking (hereinafter an
&#x201C;undertaking&#x201D;), by or on behalf of such indemnitee, to
repay all amounts so advanced if it shall ultimately be determined
by final judicial decision from which there is no further right to
appeal (hereinafter a &#x201C;final adjudication&#x201D;) that such
indemnitee is not entitled to be indemnified for such expenses
under this Section or otherwise.</font></font></div>
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<font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #010000">(c)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font><font style="text-decoration: underline; color: #000000">Written
Request</font><font style="color: #000000">. To obtain
indemnification under this Bylaw, a claimant shall submit to the
Corporation a written request, including therein or therewith such
documentation and information as is reasonably available to the
claimant and is reasonably necessary to determine whether and to
what extent the claimant is entitled to indemnification. Upon
written request by a claimant for indemnification pursuant to the
first sentence of this paragraph (c), a determination, if required
by applicable law, with respect to the claimant&#x2019;s entitlement
thereto shall be made as follows: (1) if requested by the claimant,
by Independent Counsel (as hereinafter defined), or (2) if no
request is made by the claimant for a determination by Independent
Counsel, (i) by the Board by a majority vote of a quorum consisting
of Disinterested Directors (as hereinafter defined), or (ii) if a
quorum of the Board consisting of Disinterested Directors is not
obtainable or, even if obtainable, such quorum of Disinterested
Directors so directs, by Independent Counsel in a written opinion
to the Board, a copy of which shall be delivered to the claimant,
or (iii) if a quorum of Disinterested Directors so directs, by the
stockholders of the Corporation. In the event the determination of
entitlement to indemnification is to be made by Independent Counsel
at the request of the claimant, the Independent Counsel shall be
selected by the Board unless there shall have occurred within two
years prior to the date of the commencement of the action, suit or
proceeding for which indemnification is claimed a &#x201C;Change of
Control&#x201D; as defined in the Senior Executive Severance Policy,
in which case the Independent Counsel shall be selected by the
claimant unless the claimant shall request that such selection be
made by the Board. If is so determined that the claimant is
entitled to indemnification, payment to the claimant shall be made
within 10 days after such determination.</font></font></div>
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</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 144px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #010000">(d)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font><font style="text-decoration: underline; color: #000000">Right
of Indemnitee to Bring Suit</font><font style="color: #000000">.
The rights to indemnification and to the advancement of expenses
conferred in paragraphs (a) and (b) of this Section shall be a
contract between the Corporation and each director or officer of
the Corporation who serves or served in such capacity at any time
while this Article VII is in effect. Any repeal or modification of
this Article VII or any repeal or modification of relevant
provisions of the Delaware General Corporation Law or any other
applicable laws shall not in any way diminish any rights to
indemnification of such director or officer or the obligations of
the Corporation hereunder. If a claim under paragraph (a) or (b) of
this Section is not paid in full by the Corporation within
thirty&#xA0;(30) days after a written claim pursuant to paragraph
(c) has been received by the Corporation, or in the case of a claim
for advancement of expenses, in which case the applicable period
shall also be thirty (30) days, the indemnitee may at any time
thereafter bring suit against the Corporation to recover the unpaid
amount of the claim. If successful in whole or in part in any such
suit, or in a suit brought by the Corporation to recover an
advancement of expenses pursuant to the terms of an undertaking,
the indemnitee shall be entitled to be paid also the expense of
prosecuting or defending such suit. In (i) any suit brought by the
indemnitee to enforce a right to indemnification hereunder (but not
in a suit brought by the indemnitee to enforce a right to an
advancement of expenses) it shall be a defense that, and (ii) in
any suit by the Corporation to recover an advancement of expenses
pursuant to the terms of an undertaking the Corporation shall be
entitled to recover such expenses upon a final adjudication that,
the indemnitee has not met any applicable standard for
indemnification set forth in the Delaware General Corporation Law.
Neither the failure of the Corporation (including its Board of
Directors, independent legal counsel, or its stockholders) to have
made a determination prior to the commencement of such suit that
indemnification of the indemnitee is proper in the circumstances
because the indemnitee has met the applicable standard of conduct
set forth in the Delaware General Corporation Law, nor an actual
determination by the Corporation (including its board of directors,
independent legal counsel, or its stockholders) that the indemnitee
has not met such applicable standard of conduct, shall create a
presumption that the indemnitee has not met the applicable standard
of conduct or, in the case of such a suit brought by the
indemnitee, be a defense to such suit. In any suit brought by the
indemnitee to enforce a right to indemnification or to an
advancement of expenses hereunder, or by the Corporation to recover
an advancement of expenses pursuant to the terms of an undertaking,
the burden of proving that the indemnitee is not entitled to be
indemnified, or to such advancement of expenses, under this Section
or otherwise shall be on the Corporation.</font></font></div>
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<font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #010000">(e)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font><font style="text-decoration: underline; color: #000000">Non-Exclusivity
of Rights</font><font style="color: #000000">. The rights to
indemnification and to the advancement of expenses conferred in
this Section shall not be exclusive of any other right which any
person may have or hereafter acquire under any statute, the
Corporation&#x2019;s certificate of incorporation, by-law,
agreement, vote of stockholders or disinterested directors or
otherwise.</font></font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 144px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #010000">(f)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font><font style="text-decoration: underline; color: #000000">Insurance</font><font style="color: #000000">.
The Corporation may maintain insurance, at its expense, to protect
itself and any director, officer, employee or agent of the
Corporation or another corporation, partnership, joint venture,
trust or other enterprise against any expense, liability or loss,
whether or not the Corporation would have the power to indemnify
such person against such expense, liability or loss under the
Delaware General Corporation Law, provided that such insurance is
available on acceptable terms, which determination shall be made by
the Board of Directors or by a committee
thereof.</font></font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 144px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #010000">(g)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font><font style="text-decoration: underline; color: #000000">Indemnification
of Employees and Agents of the Corporation</font><font style="color: #000000">. The Corporation may, to the extent and in
accordance with the terms authorized from time to time by the board
of directors, grant rights to indemnification, and to the
advancement of expenses to any employee or agent of the Corporation
to the fullest extent of the provisions of this Section with
respect to the indemnification and advancement of expenses of
directors and officers of the Corporation.</font></font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 144px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #010000">(h)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font><font style="color: #000000">For
purposes of this Section, references to &#x201C;the
Corporation&#x201D; shall include, in addition to the Corporation,
any constituent corporation (including any constituent of a
constituent) absorbed in a consolidation or merger which, if its
separate existence had continued, would have had power and
authority to indemnify its directors, officers, and employees or
agents, so that any person who is or was a director, officer,
employee or agent of such constituent corporation, or is or was
serving at the request of such constituent corporation as a
director, officer, employee or agent of another corporation,
partnership, joint venture, trust or other enterprise, shall stand
in the same position under this Section with respect to the
Corporation as he would have with respect to such constituent
corporation if its separate existence had
continued.</font></font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 144px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #010000">(i)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font><font style="color: #000000">For
purposes of this Section, references to &#x201C;serving at the
request of the Corporation&#x201D; shall include any service as
director, officer, employee or agent of the Corporation which
imposes duties on, or involves services by, such director, officer,
employee or agent with respect to an employee benefit plan, its
participants or beneficiaries; and a person who acted in good faith
and in a manner he reasonably believed to be in the interest of the
participants and beneficiaries of an employee benefit plan shall be
deemed to have acted in a manner &#x201C;not opposed to the best
interests of the Corporation&#x201D; as referred to in this
Section.</font></font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #010000">(j)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font><font style="color: #000000">Notwithstanding
anything else in this Article VII, in the event that the express
provisions of the Delaware General Corporation Law relating to
indemnification of, or advancement of expenses by the Corporation
to, persons eligible for indemnification or advancement of expenses
under this Article VII are amended to permit broader
indemnification or advancement of expenses, then the Corporation
will provide such indemnification and advancement of expenses to
the maximum extent permitted by the Delaware General Corporation
Law.</font></font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">12</font></div>
</div>
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<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 144px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #010000">(k)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font><font style="color: #000000">If
this Article VII or any portion hereof shall be invalidated on any
ground by any court of competent jurisdiction, then the Corporation
shall nevertheless indemnify each indemnitee of the Corporation as
to costs, charges and expenses (including attorneys&#x2019; fees),
judgments, fines and amounts paid in settlement with respect to any
action, suit or proceeding, whether civil, criminal, administrative
or investigative, including an action by or in the right of the
Corporation, to the full extent permitted by any applicable portion
of this Article VII that shall not have been invalidated and to the
full extent permitted by applicable law.</font></font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 144px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #010000">(l)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font><font style="color: #000000">If
a determination shall have been made pursuant to paragraph (c) of
this Bylaw that the claimant is entitled to indemnification, the
Corporation shall be bound by such determination in any judicial
proceeding commenced pursuant to paragraph (d) of this
Bylaw.</font></font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 144px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #010000">(m)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font><font style="color: #000000">The
Corporation shall be precluded from asserting in any judicial
proceeding commenced pursuant to paragraph (d) of this Bylaw that
the procedures and presumptions are not valid, binding and
enforceable and shall stipulate in such proceeding that the
Corporation is bound by all the provisions of this
Bylaw.</font></font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 144px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #010000">(n)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font><font style="color: #000000">For
purposes of this Bylaw:</font></font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 144px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #010000">(i)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font><font style="color: #000000">&#x201C;Disinterested
Director&#x201D; means a director of the Corporation who is not and
was not a party to the matter in respect of which indemnification
is sought by the claimant; and</font></font></div>
<div style="text-align: justify; margin-left: 48px; margin-right: 0px; text-indent: 144px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 144px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #010000">(ii)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font><font style="color: #000000">&#x201C;Independent
Counsel&#x201D; means a law firm, a member of a law firm, or and
independent practitioner, that is experienced in matters of
corporation law and shall include any person who, under the
applicable standards of professional conduct then prevailing, would
not have a conflict of interest in representing either the
Corporation or the claimant in an action to determine the
claimant&#x2019;s rights under this Bylaw.</font></font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 144px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; color: #010000; font-family: Times New Roman; font-size: 13px">
ARTICLE VIII</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
MISCELLANEOUS</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #010000">Section
8.01&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font><font style="text-decoration: underline; color: #000000">Seal</font><font style="color: #000000">.
The Board shall provide a corporate seal, which shall be in the
form of a circle and shall bear the name of the Corporation and
words and figures showing that the Corporation was incorporated in
the State of Delaware and the year of
incorporation.</font></font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #010000">Section
8.02&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font><font style="text-decoration: underline; color: #000000">Waiver
of Notices</font><font style="color: #000000">. Whenever notice is
required to be given by these Bylaws or the Certificate of
Incorporation or by law, the person entitled to said notice may
waive such notice in writing, either before or after the time
stated therein, and such waiver shall be deemed equivalent to
notice.</font></font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #010000">Section
8.03&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font><font style="text-decoration: underline; color: #000000">Fiscal
Year</font><font style="color: #000000">. The fiscal year of the
Corporation shall be fixed by resolution of the
Board.</font></font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #010000">Section
8.04&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font><font style="text-decoration: underline; color: #000000">Amendments</font><font style="color: #000000">.
These Bylaws may be altered, amended or repealed at any meeting of
the Board or of the stockholders, provided notice of the proposed
change was given in the notice of the meeting and, in the case of a
meeting of the Board, in a notice given not less than two days
prior to the meeting; provided, however, that, in the case of
amendments by stockholders, notwithstanding any other provisions of
these Bylaws or any provision of law which might otherwise permit a
lesser vote or no vote, but in addition to any affirmative vote of
the holders of any particular class or series of the capital stock
of the Corporation required by law, the Certificate of
Incorporation of these Bylaws, the affirmative vote of the holders
of at least sixty-six and two-thirds percent (66.66%) of the total
voting power of all the then outstanding shares of Voting Stock of
the Corporation, voting together as a single class, shall be
required to alter, amend or repeal this Section 8.04 or any
provision of Sections 2.06, 2.10, 3.02, 3.05 and 3.06 of these
Bylaws.</font></font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #010000">Section
8.05&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font><font style="text-decoration: underline; color: #000000">Voting
Stock</font><font style="color: #000000">. Any person so authorized
by the Board, and in the absence of such authorization, the
Chairman of the Board, the Chief Executive Officer, the Chief
Financial Officer or any Vice President, shall have full power and
authority on behalf of the Corporation to attend and to act and
vote at any meeting of the stockholders of any corporation in which
the Corporation may hold stock and at any such meeting shall
possess and may exercise any and all rights and powers which are
incident to the ownership of such stock and which as the owner
thereof the Corporation might have possessed and exercised if
present. The Board by resolution from time to time may confer like
powers upon any other person or persons.</font></font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
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<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">13</font></div>
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<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #010000">Section
8.06&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font><font style="text-decoration: underline; color: #000000">Conflicts
of Interest</font><font style="color: #000000">. No contract or
other transaction of the Corporation with any other persons, firms
or corporations, or in which the Corporation is interested, shall
be affected or invalidated by the fact that any one or more of the
directors or officers of the Corporation is interested in or is a
director or officer of such other firm or corporation; or by the
fact that any director or officer of the Corporation, individually
or jointly with others, may be a party to or may be interested in
any such contract or transaction.</font></font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px"><font style="color: #000000">
Section
8.07</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline; color: #000000">Exclusive
Forum</font><font style="color: #000000">. Unless the corporation
consents in writing to the selection of an alternative forum, the
Court of Chancery of the State of Delaware shall, to the fullest
extent permitted by applicable law, be the sole and exclusive forum
for (A)&#xA0;any derivative action or proceeding brought on behalf
of the</font> corporation<font style="color: #000000">;
(B)&#xA0;any action asserting a claim of breach of a fiduciary duty
owed by any director, officer or other employee of the</font>
corporation <font style="color: #000000">to the</font> corporation
<font style="color: #000000">or the c</font>orporation<font style="color: #000000">&#x2019;s stockholders; (C)&#xA0;any action
asserting a claim against the c</font>orporation <font style="color: #000000">or any director or officer or other employee of
the corporation arising pursuant to any provision of the</font>
General Corporation Law of the State of Delaware<font style="color: #000000">, the Certificate of Incorporation or these
Bylaws; or (D)&#xA0;any action asserting a claim against the</font>
corporation <font style="color: #000000">or any director or officer
or other employee of the corporation governed by the internal
affairs doctrine.</font> This provision does not apply to actions
arising under the Securities Exchange Act of 1934, as amended, or
the Securities Act of 1933, as amended.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 96px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>9
<FILENAME>dcar_ex991.htm
<DESCRIPTION>JOINT PRESS RELEASE DATED DECEMBER 20, 2019, ISSUED BY DROPCAR AND AYRO.
<TEXT>
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<font style="font-family: Times New Roman; font-size: 13px;"><font style="font-weight: bold">
Exhibit 99.1</font><br></font></div>
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DropCar and AYRO Announce Signing of Merger Agreement</font></div>
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<div style="text-align: justify; display: table-cell"><font style="font-family: Times New Roman; font-size: 13px">A leading global
low-speed electric vehicle (LSEV) maker</font></div>
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</div>
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<div style="text-align: justify; display: table-cell"><font style="font-family: Times New Roman; font-size: 13px">LSEV market totaled
$4.9 billion in sales in 2019 and is expected to grow at a
compounded annual growth rate of 15.7%</font></div>
</div>
</div>
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<div style="text-align: justify; display: table-cell"><font style="font-family: Times New Roman; font-size: 13px">Strategic
Partnership with Club Car, a subsidiary of Ingersoll-Rand
(NYSE:IR)</font></div>
</div>
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<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">
NEW YORK, NY and AUSTIN, TX, December 20th,
2019</font>&#xA0;&#x2013; DropCar, Inc. (Nasdaq: DCAR)
(&#x201C;DropCar&#x201D;) and privately-held AYRO, Inc.
(&#x201C;AYRO&#x201D;), an Austin-based company, today jointly
announced that they have signed a definitive merger agreement under
which, if approved by DropCar shareholders, will result in DropCar
merging with AYRO in an all-stock transaction. The merged company
would focus on creating a leading electric car company for Campus
Management, Last Mile Delivery, Urban Commuting and Closed Campus
Transport. The combined company is expected to operate under the
name AYRO, Inc. and trade on the Nasdaq Capital
Market.</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">AYRO&#x2019;s
Chief Executive Officer, Rod Keller, who previously served as
president of globally recognized personal transporter manufacturer
Segway, Inc., stated, &#x201C;Today marks a significant turning
point for both DropCar and AYRO shareholders. With our vehicle
product portfolio, we deliver industry-leading value to a rapidly
expanding market where the need for high quality, cost effective,
zero emissions vehicles and technology platforms is becoming
increasingly important. AYRO&#x2019;s core strength is in
applications that don&#x2019;t require all the features of
traditional automobiles and that also reduce carbon emissions and
significantly lower the total cost of vehicle ownership. I am
excited to get to work creating value for our combined
company&#x2019;s shareholders with the goal of replicating our
success at Segway.&#x201D;</font></div>
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<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">AYRO&#x2019;s
fleet of vehicles provide customers with meaningful cost savings by
lowering vehicle operating costs by up to 50% per year vs. existing
gas-powered trucks. It also allows customers to have an
environmental impact through the reduction of CO2 emissions by an
average of 44% per vehicle.</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Earlier
in 2019, AYRO and Club Car (subsidiary of Ingersoll-Rand (NYSE:
IR)) announced a strategic partnership to supply Club Car its first
light duty, compact, all-electric, and emissions-free utility truck
vehicle, initially branded the Club Car 411. The vehicle is
designed for a multitude of applications ranging from campus
environments, warehouse and logistics, city government, utilities,
and university markets. Club Car is also a major supplier of
maintenance utility vehicles to many universities with many such
utility vehicles expected to be replaced by purpose-built, street
legal, electric utility vehicles like the Club Car 411. The Club
Car partnership leverages AYRO&#x2019;s expertise in manufacturing
and designing automotive-grade electric vehicles, and its
international supply chain, with Club Car&#x2019;s dealer network
and more than 60 years of experience.</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;&#x201C;Following
an extensive review of strategic alternatives, we believe that this
merger with AYRO is the best path forward and has the potential to
deliver significant and immediate value to DropCar
shareholders,&#x201D; said Joshua Silverman, Chairman of the Board
of Directors of DropCar. &#x201C;We look forward to incorporating
the strength and dedication of the AYRO leadership team into the
combined company.&#x201D;</font></div>
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<font style="text-decoration: underline; font-weight: bold; font-family: Times New Roman; font-size: 13px">
Transaction Details</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">On a
pro forma basis and based upon the number of shares of DropCar
common stock to be issued in the merger, current DropCar
shareholders will own approximately 20% of the combined company and
current AYRO&#x2019;s shareholders will own approximately 80% of the
combined company. The Boards of Directors of both DropCar and AYRO
have approved the transaction. The merger is expected to close in
the first half of 2020, subject to the approval of DropCar
shareholders at a special shareholder meeting, as well as other
customary closing conditions.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
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<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px;"><font style="font-family: Times New Roman; font-size: 13px"><font style="font-family: Times New Roman; font-size: 13px">In connection with
the definitive merger agreement, DropCar has also entered into an
asset purchase agreement (&#x201C;APA&#x201D;) with Spencer
Richardson and David Newman, who currently serve as Chief Executive
Officer of DropCar and Chief Business Development Officer of
DropCar, respectively, whereby DropCar will sell substantially all
of the assets of the existing DropCar business to Mr. Richardson
and Mr. Newman along with the assumption of certain liabilities.
The existing DropCar business is expected to continue to operate
independently of the merged company after the consummation of the
merger. Completion of the APA is subject to certain customary
closing conditions, as well as the consummation of a change in
control that would be deemed to occur upon the closing of the
contemplated merger with AYRO.</font></font></font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Palladium
Capital Advisors, LLC acted as financial advisor to the parties in
connection with the above transactions.</font></div>
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<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="text-decoration: underline; font-weight: bold; font-family: Times New Roman; font-size: 13px">
Management and Organization</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">The
combined company will be led by Rod Keller, Chief Executive Officer
of AYRO, and will be headquartered in Austin, Texas. The board of
directors is expected to be composed of seven members, three of
whom will be designated by DropCar (including Joshua Silverman, who
will serve as Chairman of the Board of the combined company), three
of whom will be designated by AYRO, and one of whom will be
designated by the lead investor in a pre-closing financing to be
conducted by AYRO.</font></div>
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<font style="text-decoration: underline; font-weight: bold; font-family: Times New Roman; font-size: 13px">
About DropCar</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px"><font style="background-color: #FFFFFF">
Founded and launched in New York City in 2015, DropCar&#x2019;s
mission is to power the next generation of mobility by bringing the
automotive industry&#x2019;s products and services to
everyone&#x2019;s front door. DropCar&#x2019;s core Mobility Cloud
platform and integrated mobile apps help consumers and
automotive-related companies reduce the cost, hassles and
inefficiencies of owning a car, or fleet of cars, in urban centers.
Dealerships, fleet owners, OEMs and shared mobility companies use
DropCar&#x2019;s last mile logistics platform to reduce costs,
streamline logistics and deepen relationships with customers. More
information is available at&#xA0;</font><font style="text-decoration: underline; color: #000000; background-color: #FFFFFF">https://drop.car/</font></font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; text-decoration: underline; font-family: Times New Roman; font-size: 13px">
About AYRO</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Founded
in 2017, Texas-based AYRO, Inc. designs and manufactures compact,
sustainable electric vehicle solutions for urban and community
transport, local on-demand and last mile delivery, closed campus
mobility, and government use. One hundred percent emissions-free,
multi-purpose and capable of accommodating a broad range of
commercial applications, AYRO vehicles are the emerging leaders of
safe, affordable, efficient, and sustainable logistical
transportation solutions. Discover more about AYRO, Inc. at
AYRO.com</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="text-decoration: underline; font-weight: bold; font-family: Times New Roman; font-size: 13px">
No Offer or Solicitation</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">This
communication shall not constitute an offer to sell or the
solicitation of an offer to sell or the solicitation of an offer to
buy any securities, nor shall there be any sale of securities in
any jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of any such jurisdiction. No public offer of
securities shall be made except by means of a prospectus meeting
the requirements of Section&#xA0;10 of the Securities Act of 1933,
as amended.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="text-decoration: underline; font-weight: bold; font-family: Times New Roman; font-size: 13px">
Important Additional Information Will be Filed with the
SEC</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">In
connection with the proposed transaction between DropCar and AYRO,
DropCar intends to file relevant materials with the SEC, including
a registration statement that will contain a proxy statement and
prospectus.&#xA0;DROPCAR URGES INVESTORS AND STOCKHOLDERS TO READ
THESE MATERIALS CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME
AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT
DROPCAR, THE PROPOSED TRANSACTION AND RELATED MATTERS.&#xA0;
Investors and shareholders will be able to obtain free copies of
the proxy statement, prospectus and other documents filed by
DropCar with the SEC (when they become available) through the
website maintained by the SEC at www.sec.gov.&#xA0; In addition,
investors and shareholders will be able to obtain free copies of
the proxy statement, prospectus and other documents filed by
DropCar with the SEC by contacting Investor Relations by mail at
DropCar,&#xA0;Inc., Attn: Investor Relations, 1412 Broadway, Suite
2105, New York, New York 10018.&#xA0; Investors and stockholders
are urged to read the proxy statement, prospectus and the other
relevant materials when they become available before making any
voting or investment decision with respect to the proposed
transaction.</font></div>
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<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
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</div>
</div>
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<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="text-decoration: underline; font-weight: bold; font-family: Times New Roman; font-size: 13px">
Participants in the Solicitation</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 5px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">DropCar
and AYRO, and each of their respective directors and executive
officers and certain of their other members of management and
employees, may be deemed to be participants in the solicitation of
proxies in connection with the proposed transaction. Information
about DropCar&#x2019;s directors and executive officers is included
in DropCar&#x2019;s Annual Report on Form&#xA0;10-K for the year
ended December&#xA0;31, 2018, filed with the SEC on April 3, 2019,
as amended on April 12, 2019, and the proxy statement for
DropCar&#x2019;s 2019 annual meeting of stockholders, filed with the
SEC on November 6, 2019.&#xA0; Additional information regarding
these persons and their interests in the transaction will be
included in the proxy statement relating to the transaction when it
is filed with the SEC. These documents can be obtained free of
charge from the sources indicated above.</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="text-decoration: underline; font-weight: bold; font-family: Times New Roman; font-size: 13px">
Cautionary Statement Regarding Forward-Looking
Statements</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Certain
statements contained in this communication regarding matters that
are not historical facts, are forward-looking statements within the
meaning of Section&#xA0;21E of the Securities and Exchange Act of
1934, as amended, and the Private Securities Litigation Reform Act
of 1995, known as the PSLRA. These include statements regarding
management&#x2019;s intentions, plans, beliefs, expectations or
forecasts for the future, and, therefore, you are cautioned not to
place undue reliance on them. No forward-looking statement can be
guaranteed, and actual results may differ materially from those
projected.&#xA0;DropCar and AYRO undertake no obligation to
publicly update any forward-looking statement, whether as a result
of new information, future events or otherwise, except to the
extent required by law. We use words such as
&#x201C;anticipates,&#x201D; &#x201C;believes,&#x201D;
&#x201C;plans,&#x201D; &#x201C;expects,&#x201D; &#x201C;projects,&#x201D;
&#x201C;future,&#x201D; &#x201C;intends,&#x201D; &#x201C;may,&#x201D;
&#x201C;will,&#x201D; &#x201C;should,&#x201D; &#x201C;could,&#x201D;
&#x201C;estimates,&#x201D; &#x201C;predicts,&#x201D;
&#x201C;potential,&#x201D; &#x201C;continue,&#x201D;
&#x201C;guidance,&#x201D; and similar expressions to identify these
forward-looking statements that are intended to be covered by the
safe-harbor provisions of the PSLRA. Such forward-looking
statements are based on our expectations and involve risks and
uncertainties; consequently, actual results may differ materially
from those expressed or implied in the statements due to a number
of factors, including, but not limited to, risks relating to the
completion of the merger, including the need for stockholder
approval and the satisfaction of closing conditions; the
anticipated financing to be completed prior to or concurrently with
the closing of the merger; the cash balances of the combined
company following the closing of the merger and the financing; the
ability of DropCar to remain listed on the Nasdaq Capital Market;
and expected restructuring-related cash outlays, including the
timing and amount of those outlays. Risks and uncertainties related
to AYRO that may cause actual results to differ materially from
those expressed or implied in any forward-looking statement
include, but are not limited to: decreased demand for electric
vehicles; maintaining our partnership with Club Car, changes in our
supply chain, components and parts, or products; product liability
claims; general economic conditions; and the availability of future
financing on reasonable terms or at all..</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">New
factors emerge from time to time and it is not possible for us to
predict all such factors, nor can we assess the impact of each such
factor on the business or the extent to which any factor, or
combination of factors, may cause actual results to differ
materially from those contained in any forward-looking statements.
These risks, as well as other risks associated with the
combination, will be more fully discussed in the proxy
statement/prospectus that will be included in the registration
statement that will be filed with the SEC in connection with the
proposed transaction. Additional risks and uncertainties are
identified and discussed in the &#x201C;Risk Factors&#x201D; section
of DropCar&#x2019;s Annual Report on Form&#xA0;10-K, Quarterly
Reports on Form&#xA0;10-Q and other documents filed from time to
time with the SEC. Forward-looking statements included in this
release are based on information available to&#xA0;DropCar and AYRO
as of the date of this release. Neither DropCar nor AYRO undertakes
any obligation to update such forward- looking statements to
reflect events or circumstances after the date of this
release.</font></div>
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<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
&#xA0;</font></div>
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<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
DropCar Media and Investor Contact:</font></div>
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<font style="text-decoration: underline; color: #0563C1; font-family: Times New Roman; font-size: 13px">
ir@dropcar.com</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">646-916-4595</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
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AYRO Media and Investor Contact:</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Curtis
Smith</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">investors@ayro.com</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">(512)
643-1256</font></div>
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