2. Representations, Warranties and Covenants of the Company. THE COMPANY
HEREBY REPRESENTS AND WARRANTS TO EACH INVESTOR THAT AS OF THE DATE HEREOF AND AS OF THE DATE OF THE CLOSING:
2.1 Organization, Good
Standing and Qualification.
(a) The Company is a corporation duly organized, validly existing and in good standing under the laws of
the State of Delaware and has all requisite corporate power and authority to carry on its business as now conducted.
(b) The Company is
duly qualified to transact business and is in good standing in each jurisdiction in which it is required to be so qualified or in good standing, except where the failure to so qualify or be in good standing would not be material and adverse to the
Company.
2.2 Authorization. All corporate action on the part of the Company, its officers, directors and stockholders necessary
for the authorization, execution and delivery of this Agreement, the performance of all obligations of the Company under this Agreement, and the sale and delivery of the Shares being sold hereunder has been taken, and this Agreement constitutes a
valid and legally binding obligation of the Company, enforceable in accordance with its terms, except (a) as limited by applicable bankruptcy, insolvency, reorganization, moratorium, and other laws of general application affecting enforcement
of creditors rights generally, and (b) as limited by laws relating to the availability of specific performance, injunctive relief, or other equitable remedies.
2.3 Title to Shares. The Company has good and valid title to the Shares to be sold at the Closing by the Company hereunder, free and
clear of all liens, encumbrances, equities or adverse claims; the Company will have, immediately prior to the Closing, good and valid title to the Shares to be sold at the Closing by the Company, free and clear of all liens, encumbrances, equities
or adverse claims; and, upon delivery of the certificates representing such Shares and payment therefor pursuant hereto, good and valid title to such Shares, free and clear of all liens, encumbrances, equities or adverse claims, will pass to the
Investors.
2.4 Compliance with Other Instruments.
(a) The Company is not in violation or default of any provision of its Certificate of Incorporation, as amended, or Bylaws, as amended.
(b) The Company is in compliance in all material respects with all applicable laws. Except as would not be material to the Company, the
Company is not in violation or default in any material respect of any instrument, judgment, order, writ, decree or contract to which it is a party or by which it is bound, or, to its knowledge, of any provision of any federal or state statute, rule
or regulation applicable to the Company. The execution, delivery and performance of this Agreement, and the consummation of the transactions contemplated by this Agreement, will not result in any material violation or default or be in conflict with
or constitute, with or without the passage of time and giving of notice, either a material default under any such provision, instrument, judgment, order, writ, decree or contract or an event that results in the creation of any material lien, charge
or encumbrance upon any assets of the Company or the suspension, revocation, impairment, forfeiture, or nonrenewal of any material permit, license, authorization, or approval applicable to the Company, its business or operations or any of its assets
or properties.
2.5 No Other Agreements. The Company represents that other than as contemplated by this Agreement and the
Underwriting Agreement and as otherwise set forth in the Registration Statement, there are no other agreements, arrangements or understandings with respect to the sale of its Centuri Common Stock.
2.6 Brokers or Finders. The Company has not engaged any brokers, finders or agents such that each Investor will incur, directly or
indirectly, as a result of any action taken by the Company, any liability for brokerage or finders fees or agents commissions, or any similar charges in connection with the sale of the Shares contemplated by this Agreement. The Shares to
be sold by the Company to each Investor as contemplated by this Agreement will not be subject to any underwriting or other discount that is payable to the Underwriters pursuant to the terms of the Underwriting Agreement with respect to the Centuri
Common Stock sold in the Follow-On Offering.
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