Document:

Exhibit 10.24 

 

EXECUTION VERSION 

 

AMENDMENT NO. 1
TO

STOCK PURCHASE AGREEMENT AND AGREEMENT
AND PLAN OF MERGER

 

THIS AMENDMENT NO.
1 (this “Amendment”) dated as of June 24, 2020 amends the Stock Purchase Agreement and Agreement and Plan of
Merger, dated as of May 25, 2020 (as amended, modified, supplemented or waived from time to time in accordance with its terms,
the “Agreement”), by and among AdaptHealth LLC, a Delaware limited liability company (“Buyer”),
AdaptHealth Corp., a Delaware corporation, Eleanor Merger Sub, LLC, a Delaware limited liability company and wholly owned subsidiary
of Buyer, Solara Holdings, LLC, a Delaware limited liability company, LCP Solara Blocker Seller, LLC, a Delaware limited liability
company, in its capacity as Blocker Seller and the Representative (each as defined in the Agreement). Capitalized terms used and
not defined herein shall have the meanings ascribed to them in the Agreement.

 

WHEREAS, the parties
to the Agreement desire to amend certain provisions of the Agreement that contain scrivener’s errors, as set forth herein;
and

 

WHEREAS, pursuant to
Section 15.04 of the Agreement, any modification or amendment of the Agreement may only be effected by a written instrument executed
by Buyer and the Representative.

 

NOW, THEREFORE, in
consideration of the premises of this Amendment and the agreements set forth herein and other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, Buyer and the Representative, intending to be legally bound, agree
as follows:

 

1.            
LLC Agreement. The definition of “LLC Agreement” contained in Section 12.01 of the Agreement is hereby
amended and restated in its entirety to read as follows:

 

““LLC Agreement”
means that Second Amended and Restated Limited Liability Company Agreement of the Company, dated May 31, 2018.”

 

2.            
Funded Debt. Clause (f) of the definition of “Funded Debt” contained in Section 12.01 of the Agreement
is hereby amended and restated in its entirety to read as follows:

 

“(f) any capitalized
lease obligation, as determined under GAAP,”

 

3.            
The Agreement is amended only as expressly provided in this Amendment and shall otherwise remain in full force and effect.
From and after the execution of this Amendment by the parties hereto, any reference to the Agreement shall be deemed a reference
to the Agreement as amended hereby. All references in the Agreement to the “date hereof” or the “date of this
Agreement” shall refer to May 25, 2020. Without limiting any other provision of this Amendment, the parties hereto agree
that the provisions of Article XV of the Agreement, as applicable, are incorporated herein by reference, mutatis mutandis.

 

 

*     *     *     *     *

 

     

     

    

 

IN WITNESS WHEREOF,
each of the undersigned has caused this Amendment to be executed as of the day and year first above written.

 

	 	BUYER:
	 	 
	 	ADAPTHEALTH
    LLC
	 	 
	 	 
	 	By:	  /s/ Luke McGee
	 	Name: Luke McGee
	 	Title: Chief Executive Officer

 

Signature Page
to Amendment No. 1 to Stock Purchase Agreement and Agreement and Plan of Merger

 

     

     

    

 

	 	REPRESENTATIVE:
	 	 
	 	LCP SOLARA BLOCKER SELLER,
    LLC
	 	 
	 	By:	  /s/ Michael Bernard
	 	Name: Michael Bernard
	 	Title: President, Secretary and Treasury

 

Signature Page
to Amendment No. 1 to Stock Purchase Agreement and Agreement and Plan of MergerExhibit 4.29

 

Share Subscription Agreement

 

This share subscription agreement ("the
agreement") was signed by the following parties in Hangzhou, China on November 13, 2019 ("signing date"):

 

		(1)	Luokung Technology Corp., a company established under the laws of the British Virgin Islands and
listed on the NASDAQ in the United States. The listing code is LKCO and the company address is SOHO Phase II, No. 9, Guanghua Road,
Chaoyang District, Beijing Block B, B9-8 ("the Company");

 

		(2)	Geely Technology Group Co., Ltd., a limited liability company effectively established and legally
existing under the laws of China, with the registered address at Lunanjili Avenue, Luqiao District, Taizhou City, Zhejiang Province
("the Subscriber").

 

The Company proposed to purchase the issued
and outstanding shares of Saleya Holdings Limited and the equity interests in the onshore Affiliate of Saleya Holdings Limited
(the “Proposed Acquisition”). To facilitate the Proposed Acquisition, the Subscriber intends to subscribe for and purchase
individual Preferred Shares of the Company, and the Company plans to issue and sell to the Subscriber individual Preferred Shares
of the Company.

 

Article 1. Sale and Subscription

 

1.1 Subject to the terms and conditions
of this Agreement, the Subscriber agrees to subscribe for and purchase and the Company agrees to issue, allot and sell to the Subscriber,
21,794,872 Preferred Shares of the Company (the “Purchased Shares”), with the Subscriber to pay as consideration for
such Preferred Shares a price per Preferred Share of US$1.95 and the aggregate purchase price of US$42,500,000 (the “Investment
Amount”).

 

he Subscriber or its ODI Affiliate (as
defined below) shall pay the Investment Amount within six (6) months following the signing date of this Agreement (the “Signing
Date”) by wire transfer to a bank account designated by the Company.

 

1.2 On the date of issuance of subscription
shares to the subscriber under this contract, the company issues to the subscriber one-half of the warrants valid for five (5)
years for each subscription share, without the subscriber having to pay any additional consideration to the company in respect
of such warrants. For each warrant, the subscriber is entitled to subscribe for one ordinary share of the company. The exercise
price of each warrant is 120 percent of $1.95, that is $2.34. For the avoidance of doubt, such warrants shall become effective
as of the date on which the company issues subscription shares according to the terms and conditions of this contract and the subscriber
has purchased subscription shares according to the terms and conditions of this contract.

 

To subscribe one according to the repurchase
policy has exercised the right to convert into shares of common stock proportion of the warrants, if the company's stock price
in 20 consecutive trading day according to VWAP calculation by more than 125% of the exercise price, or $2.925, the company shall
have the right to subscribe one written notice (" option exercise notice "), subscribe for deciding whether or not in
the form of cash to exercise the option.

 

     

     

    

 

Upon receipt of the notice of exercise
of the warrants issued by the company, the subscriber shall decide whether to exercise the warrants in accordance with the applicable
governmental regulatory requirements (including but not limited to ODI procedures) and shall promptly notify the company in writing
of the result of the decision. When the subscriber decides not to exercise the right to subscribe, the corresponding warrant becomes
invalid and the company shall not require the subscriber to assume any liability.

 

1.3 Payment of investment amount

 

Subscribe or subscribe ODI subject definition
(see below) shall be stipulated in closing conditions of the contract after first delivery of finance conditions or be exempt six
(6) months (if because delay causes the bank formalities, such period shall be postpone) under this contract within the investment
amount remitted to the following bank account designated by the company

 

Account name: MMB Limited

Bank: The Hongkong and Shanghai Banking
Corporation Limited

Account number: 801-264870-838

Bank code: HSBCHKHHHKH

 

Article 2. Closing Conditions

 

2.1 Conditions to Subscriber’s Obligations
at Closing:

 

		(1)	The representations and warranties made by the Company shall be accurate, correct, complete and
non-misleading in all material aspects as of the Signing Date through and including the Closing Date; the Company shall have performed
and complied with all obligations and conditions that are required by this Agreement to be performed or complied with by it on
or before the Closing;

 

		(2)	All internal approvals which are required to be obtained by the Company in connection with the
execution of this Agreement and the consummation of the transactions contemplated under this Agreement shall have been obtained;

 

		(3)	All approvals, consents and waivers from all government departments or other third parties which
are required to be obtained by the Company in connection with the execution of this Agreement and the consummation of the transactions
contemplated under this Agreement shall have been received (if any);

 

		(4)	There shall have been no material adverse effect on the financial conditions, businesses, trades,
assets, taxes and operations over the Company from the Signing Date to the Closing Date;

 

    2

     

    

 

		(5)	There shall have been no material adverse event which would or would be expected to cause the transactions
contemplated under this Agreement to be illegal or to restrict or prohibit the implementation of such transactions as of the Signing
Date through and including the Closing Date;

 

		(6)	There shall have been no material adverse event which would or would be expected to cause the Proposed
Acquisition to be illegal or to restrict or prohibit the implementation of the Proposed Acquisition as of the Signing Date through
and including the Closing Date.

 

		(7)	There shall have no breach of contracts, under this agreement or other agreements that signed between
the Company and the subscriber.

 

		(8)	The Company’s British Virgin Islands legal adviser shall issue a legal opinion to the subscriber
regarding the legality of the Company’s signing of this agreement, the issuance of 21,794,872 subscription shares, 10,897,436
warrants and 3,000,000 ordinary shares.

 

		(9)	All approvals, consents and waivers from all government departments or other third parties which
are required to be obtained by the Company in connection with the execution of this Agreement and the consummation of the transactions
contemplated under this Agreement shall have been received (if any); , including but not limited to the ODI procedures as set forth
in this Agreement.

 

2.2 Conditions to Company’s Obligations
at Closing:

 

		(1)	The representations and warranties made by the Subscriber shall be accurate, correct, complete
and non-misleading in all material aspects as of the Signing Date through and including the Closing Date; the Subscriber shall
have performed and complied with all obligations and conditions that are required by this Agreement to be performed or complied
with by it on or before the Closing;

 

		(2)	All internal approvals which are required to be obtained by the Subscriber in connection with the
execution of this Agreement and the consummation of the transactions contemplated under this Agreement shall have been obtained;

 

2.3 Each party shall use its reasonable
commercial efforts to cause its respective preconditions for closing to be fully satisfied or waived by the relevant party within
one (1) year after the execution of this contract. Unless otherwise agreed by the parties, this contract shall terminate automatically
if the preconditions for delivery set forth in article point 4 are not fully met or waived by the relevant parties within one (1)
year after the execution of this contract.

 

Article 3. Closing

 

3.1 Closing: The consummation of the transactions
contemplated under this Agreement (the “Closing”) shall take place on a date which shall be no later than five (5)
Business Days after all Closing Conditions have been satisfied or waived (the “Closing Date”);

 

    3

     

    

 

3.2 Closing Deliveries by the Company:
At the Closing, the Company shall deliver to the Subscriber: (i) the internal resolutions of the Company approving the execution
of this Agreement and the consummation of the transactions contemplated under this Agreement; (ii) the approval, consent and waiver
from all governmental departments or other third parties approving the execution of this Agreement and the consummation of the
transactions contemplated under this Agreement (if necessary); (iii) the certificate signed by the Company certifying that the
closing conditions set forth in Section 2.1.(1), 2.1.(4), 2.1.(5) and 2.1.(6) of this Agreement have been satisfied (or waived);
(iv) the certificate reflecting the Subscriber’s ownership of the 21,794,872 of Purchased Shares, 10,897,436 of warrants
and 3,000,000 of common shares; and (v) legal opinion under Article 2.1.(8)

 

3.3 Closing Deliveries by the Subscriber:
At the Closing, the Subscriber shall deliver the Company a certificate signed by it certifying that the closing conditions of the
Company have been satisfied (or waived);

 

3.4 The Company covenants that: (i) the
Company shall duly consummate the Proposed Acquisition; (ii) [the Investment Amount shall be solely used for the consummation of
the Proposed Acquisition, unless otherwise agreed by the Subscriber in written]; (iii) immediately after the completion or termination
of the Proposed Acquisition, the Company shall inform the Subscriber in writing of the particulars of the implementation of the
Proposed Acquisition, including but not limited to the number of acquired shares, the acquisition amount, the key terms of the
transaction, the reasons for termination, etc. (if any);

 

3.5 The Subscriber covenants that its onshore
affiliate (the “ODI Affiliate”) shall complete its ODI procedures within six (6) months after the Signing Date. Upon
completion of the ODI procedures, the ODI Affiliate shall pay the Investment Amount to the Company.

 

3.6 The parties agree that, as part of
this transaction, the Company shall issue 3,000,000 common shares on the closing date as a commission to the subscriber for facilitating
the proposed acquisition transaction, and the restricted period of these shares shall be twelve (12) months. The subscriber need
not pay any consideration for the 3,000,000 ordinary shares under Article 3.6.

 

Article 4. Rights of Repurchase and Conversion

 

4.1 Repurchase Right of the Subscriber:
The Company agrees that the Subscriber shall have the right to require the Company to repurchase all or part of its Purchased Shares
in cash at the following events: (1) six (6) months after the closing date; (2) the proposed acquisition of the Proposed Acquisition
is terminated; (3) the Company breaches the Agreement; or (4) within six (6) months from the closing date provided that the Company
has sufficient funds after completing the Proposed Acquisition. The repurchase price per each Preferred Share shall be the higher
of (i) $1.95 per share; or (ii) the US dollars equivalent to RMB13.7648 per share (the “Repurchase Price”), where the
exchange rate shall be the central parity rate between RMB and USD published by the People’s Bank of China the day before
the Subscriber issues the repurchase notice, plus an eight percent (8%) annual simple interest rate basis calculated from the date
such Purchase Price was fully paid until the date of full payment of the Repurchase Price, which shall be made in a lump sum on
the date of the payment of the Repurchase Price, plus all declared but unpaid dividends with respect to the Preferred Shares. The
Company shall pay the corresponding Repurchase Price within sixty (60) days following twelve (12) months after the Purchased Shares
are issued.

 

    4

     

    

 

4.2 The subscriber has the right to convert
the Preferred Shares into the Company’s ordinary shares at the ratio of 1:1 at any time. The repurchase right discussed above
will not apply to the ordinary shares so converted.

 

4.3 The Company shall register these common
shares within fifteen (15) working days after the subscriber obtains the Company’s common shares under this agreement.

 

Article 5. Representations and Warranties

 

Standard and customary representations
and warranties made by the Company, including but not limited to due organization and good standing, due authorization, non-contravention,
internal consents, regulatory approvals and compliances, no litigation, good title in material assets, financial statements and
so on.

 

Standard and customary representations
and warranties made by the Subscriber, including but not limited to due authorization, non-contravention, internal consents, regulatory
approvals and so on.

 

It’s execution of this contract or
performance of its obligations under this contract does not breach any other agreements entered into by it or any laws and regulations
applicable to it, nor does it have any legal conflict with the preceding;

 

It is needed for the signing of this contract
all the necessary of the shareholders, the board of directors, exchange, government departments, and any other party's approval,
permission, consent, registration, registration or other formalities (due to the current laws and regulations and the relevant
government departments to not be able to obtain the appropriate except) have been properly make and fully valid and complete;

 

There is no arbitration, litigation or
administrative proceeding in progress or to its knowledge that may occur involving it and that may seriously adversely affect its
financial position or its ability to perform its obligations under this contract;

 

Upon execution of this contract, it shall
constitute a binding obligation;

 

It has not engaged in criminal ACTS or
is involved in criminal activities;

 

The information provided to the subscriber,
whether in writing, orally, electronically or otherwise, for this transaction is correct, accurate, complete and valid without
material omission or misleading statement;

 

The company has no other liabilities (including
existing debts and contingent liabilities arising from guaranty, mortgage, pledge or other forms of guarantee provided by the company)
that have a material impact on the performance of this contract outside of its daily operations;

 

    5

     

    

 

The transaction is lawful and valid under
the laws of the British virgin islands and the transaction contemplated by this contract may be executed in accordance with the
provisions of this contract under the applicable laws;

 

The company and its subsidiaries under
its control comply in all material respects with all applicable laws and regulations, government requirements, court orders, etc.,
and have not violated any orders, judgments or judgments it has received from any Chinese court, government or regulatory agency,
and have not received significant penalties from the competent government departments;

 

All material contracts to which the company
is a party are legal and valid, and the company has performed in all material respects its obligations to date under such contracts,
without any material breach;

 

In its applicable engaged in business activities
within the scope of the law, the company has to deal with all the relevant government and overseas (including China) approval,
license, registration and filing, certification and other related documents, and will maintain the file such as the effective and
sustainable, has the corresponding qualification within its approved scope of business to carry out the production and business
operation activities; At the same time, the company has no actual or potential causes that may lead to the cancellation, recall
or invalidation of the above governmental approval, license, registration and certification documents;

 

On the material assets retains the ownership
to the complete and entirely on the assets such as there is no any third party's property, ownership, possession, mortgage, pledge,
lien, or the real rights for security, he has not been court, arbitration or other authorized institutions by sealing up, frozen,
seizure and other compulsory measures;

 

It has the full legal qualification and
the necessary authority to sign this contract and exercise its rights under this contract. The rights and performance of its obligations
under this contract;

 

It is the execution of this contract or
performance of its obligations under this contract does not breach any other agreements entered into by it or any laws and regulations
applicable to it, nor does it have any legal conflict with the preceding;

 

It is needed for the signing of this contract
all the necessary of the shareholders, the board of directors, exchange, government departments, and any other party's approval,
approval, consent, registration, registration or any other procedures (due to the current laws and regulations and the relevant
government departments to not be able to obtain the appropriate except) have adequately been making and fully valid and complete;

 

it will not short the company's shares
in bad faith or lend its shares to others for malicious short selling of the company's shares;

 

    6

     

    

 

Article 6. Covenants

 

6.1 The Subscriber warrants to the Company
that the Subscriber shall use its best commercially reasonable efforts to take actions conducive to the realization of the Company’s
principal rights under this Agreement and sign and submit the necessary documents to the Company.

 

6.2 The Subscriber and the Company agree
and confirm that they or their affiliates shall carry out business cooperation in the future, the specific content of which will
separately agreed.

 

Article 7. Breach

 

7.1 Default Event: (i) any representation
or warranty made under this Agreement is proved to be untrue, inaccurate or misleading in any material respect; (ii) breach of
any covenant or obligation under this Agreement (including but not limited to failure to pay the Investment Amount or the repurchase
price on time, failure to cooperate with the Company to complete the cash repurchase or conversion of ordinary shares, etc.).

 

7.2 In the event of any breach, the non-breaching
party shall have the right to demand compensation from the breaching party for any losses related to the Default Event, including
damages, costs and expenses (including attorney’s fees), fines, etc., and shall have the right to take any other action permitted
by laws.

 

Article 8. Effectiveness, modification
and cancellation

 

8.1 This agreement becomes effective after
being signed by all parties.

 

8.2 This agreement can be modified or supplemented
with the written consent of all parties; any modification and supplement of this agreement constitute an integral part of the agreement.

 

8.3 This agreement shall be terminated
in any of the following situations: (i) the agreement is terminated in writing by mutual agreement; (ii) the Company seriously
violates this agreement or other contract signed between the Company and the subscriber, the subscriber has the right to notify
the Company in writing to terminate this agreement; (iii) The subscriber or its designated domestic affiliated entity fails to
complete the ODI procedures within one (1) year after the signing of this agreement, and notifies the Company in writing; (iv)
If the proposed acquisition transaction is terminated for any reason, the subscriber has the right to notify the Company in writing
to terminate this agreement;

 

8.4 After the termination of this agreement,
all rights and obligations of the parties under this agreement will be terminated immediately. The relevant parties shall bear
corresponding responsibilities in accordance with applicable laws and the provisions of this agreement.

 

Article 9. Applicable Laws and Dispute
Resolution

 

9.1 This Agreement shall be governed by
and construed in accordance with the law of the PRC (for the purpose of this Agreement, excluding Hong Kong, Macao and Taiwan);

 

9.2 Any disputes related to this Agreement
shall be settled by the China International Economic and Trade Arbitration Commission.

 

 

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