Document:

Exhibit 10.3

 

AMENDED AND RESTATED SUBSCRIPTION AGREEMENT

 

This Amended and Restated
Subscription Agreement (this “Agreement”), is made by and between SEVEN STARS CLOUD GROUP, INC., a Nevada
corporation (the “Company”) and GT DOLLAR PTE. LTD., a Singaporean corporation (“Subscriber”)
as of the date this Agreement is accepted by the Company, as set forth on the Company’s signature page hereto.

 

WHEREAS, the Subscriber
and the Company entered into a Subscription Agreement on March 17, 2018 (the “Original Agreement”),
whereby the Subscriber has agreed to purchase from the Company, for the purchase price of Twenty Five Million Sixty Six Thousand
Eight Hundred Seventy Eight Dollars and Twenty Cents ($25,066,878.20), that number of shares of the Company’s common stock,
at the price of One Dollar and Eighty-Two cents ($1.82) per share (“Common Stock”), in a private placement (the
“Original Offering”); and

 

WHEREAS, following
execution of the Original Agreement, the Subscriber intends to reduce its subscribed amount of the Original Offering to Ten Million
Dollars Ninety-Two Cents ($10,000,000.92) at the price of One Dollar and Eighty-Two cents ($1.82) per share (the “Offering”),
and the Company agrees to the aforesaid changes.

 

WHEREAS, the Subscriber
understands that the Amended Offering is being made without registration of the Common Stock under the Securities Act of 1933,
as amended (the “Securities Act”), or any securities law of any state of the United States or of any other jurisdiction,
and is being made only to “accredited investors” or non-U.S. persons.

 

NOW, THEREFORE, the
Parties agree to amend and restate the Original Agreement in its entirety by entering into this Agreement. For and in consideration
of the premises and the mutual covenants hereinafter set forth, the parties hereto do hereby agree as follows:

 

1. Subscription for Securities.

 

(a) Subscription
for Securities. Subject to the terms and conditions hereinafter set forth, Subscriber hereby irrevocably subscribes for and
agrees to purchase from the Company such amounts of Common Stock as is set forth on the signature page hereof (the “Shares”)
at a price of $1.82 per Share, for an aggregate purchase price of Ten Million Dollars Ninety-Two Cents ($10,000,000.92) (the “Purchase
Price”), and the Company agrees to sell such Shares to Subscriber for the Purchase Price, subject to the Company’s
right, in its sole discretion, to reject this subscription, in whole or in part, at any time prior to the Closing (as defined below).
Subscriber acknowledges that the Shares will be subject to restrictions on transfer as set forth in this Agreement. Subscriber
further acknowledges that absent receipt of the necessary stockholder approval and certain other conditions, the Company is prevented
from issuing to the Subscriber an amount of shares of the Company’s common stock in excess of 19.9% of the Company’s
aggregate shares of common stock outstanding immediately prior to the Closing.

 

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2. Terms of Subscription.

 

(a) Payment.
Subscriber shall make payment for the Shares by wire transfer of immediately available funds to an account designated by the Company
in the amount of Ten Million Dollars Ninety-Two Cents ($10,000,000.92) on or prior to June _21, 2018.

 

(b)
Acceptance of Subscription and Issuance of Shares. It is understood and agreed that the Company shall have the sole
right, at its complete discretion, to accept or reject this subscription, in whole or in part, for any reason and that the same
shall be deemed to be accepted by the Company only when it is signed by a duly authorized officer of the Company and delivered
to the undersigned at the Closing (as defined below). Notwithstanding anything in this Agreement to the contrary, the Company shall
have no obligation to issue any of the Shares to any person who is a resident of a jurisdiction in which the issuance of Shares
to such person would constitute a violation of the securities, “blue sky” or other similar
laws.

 

(c) Closing.
The Offering may be consummated at such place (or by electronic transmission) as may be mutually agreed upon by the parties at
a closing (the “Closing”) to occur on a date as may be determined by the Company, at a time as may be determined
by the Company. Subsequent closings may occur at the discretion of the Company.

 

(d) Closing
Deliverables. At the Closing: (i) Subscriber shall deliver the Purchase Price; and (ii) the Company shall deliver
a share certificate representing the Shares to Subscriber that bears an appropriate legend referring to the fact that the Shares
are subject to transfer restrictions as set forth in the Securities Act.

 

(e) Lockup
Period. In exchange for valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Subscriber agrees
that, during the period beginning on the date this Agreement (and any subsequent Agreement designating the issuance of additional
Company shares to Subscriber) is fully executed and ending on the nine month anniversary thereof, Subscriber will not (and will
cause any spouse, domestic partner, lineal descendant, parent, stepparent, sibling, stepsibling, uncle, aunt, niece, nephew, first
cousin, or any other person with whom the undersigned has a relationship by blood, marriage or adoption not to), without the prior
written consent of the Company, directly or indirectly, (i) sell, offer to sell, contract to sell or lend, pledge, hypothecate
or grant any security interest in, or in any other way transfer or dispose of, any purchased Shares whether now owned or hereafter
acquired by Subscriber (collectively, the “Lock-Up Securities”), (ii) make any demand for, or exercise
any right with respect to the registration of any of the Lock-Up Securities, or the filing of any registration statement, prospectus
or prospectus supplement, (iii) enter into any swap, hedge or any other agreement or any transaction that transfers, in whole
or in part, the economic consequence of ownership of the Lock-Up Securities or (iv) publicly announce the intention to do
any of the foregoing.

 

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3. Representations and Warranties
of Subscriber.

 

Subscriber represents and warrants
to the Company that:

 

(a) Reliance
on Exemptions. Subscriber understands that the Shares are being offered and sold in reliance upon specific exemptions from
registration provided in the Securities Act, and upon exemptions from registration under State securities laws, and acknowledges
that the Offering has not been reviewed by the Securities and Exchange Commission or any state agency because it is intended to
be a nonpublic offering exempt from the registration requirements of the Securities Act and State securities laws. Subscriber understands
that the Company is relying upon, and intends that the Company rely upon, the truth and accuracy of, and Subscriber’s compliance
with, the representations, warranties, agreements, acknowledgments and understandings of Subscriber set forth herein in order to
determine the availability of such exemptions and the eligibility of Subscriber to acquire the Shares.

 

(b) Investment
Purpose. The undersigned is either (i) an “accredited investor” if a U.S. investor, or (ii) not a U.S.
person as defined under Rule 902 of Regulation S, and the Shares are being purchased for Subscriber’s own account,
for investment purposes only and not for distribution or resale to others in contravention of the registration requirements of
the Securities Act. Subscriber agrees that it will not sell or otherwise transfer the Shares unless they are registered under the
Securities Act or unless an exemption from such registration is available under the Securities Act and permitted by the certificate
of incorporation of the Company. Subscriber has no contract, undertaking, agreement, or arrangement with any person to sell, distribute,
transfer, or pledge to such person or anyone else the Shares which Subscriber hereby subscribes to purchase, or any interest therein,
and Subscriber has no present plans to enter into any such contract, undertaking, agreement, or arrangement. Subscriber agrees
that the Company and its affiliates shall not be required to give effect to any purported transfer of such Shares except upon compliance
with the foregoing restrictions.

 

(c)
Accredited Investor. Subscriber, is an “accredited investor” as such term is defined in Rule 501
of Regulation D promulgated under the Securities Act, as amended to date, a summary of which is attached hereto as Exhibit B,
and Subscriber is able to bear the economic risk of any investment in the Shares and in the Company. Subscriber shall complete
and deliver to the Company prior to Closing an executed copy of the Accredited Investor Questionnaire attached hereto as Exhibit A.

 

(d) Risk
of Investment. Subscriber recognizes that the purchase of the Shares involves a high degree of risk in that: (i) an investment
in the Company is highly speculative and only investors who can afford the loss of their entire investment should consider investing
in the Company and the Shares; (ii) transferability of the Shares is limited; and (iii) the Company may require substantial
additional funds to operate its business and there can be no assurance that the Offering will be completed.

 

    3 

     

    

 

(e) Use
of Proceeds. Subscriber understands that the net proceeds of the Offering will be used for the Company’s operations,
mainly the expansion of digital asset business, particularly in the area of entertainment, intellectual property, arts, and medical
asset.

 

(f) Prior
Investment Experience. Subscriber understands the business in which the Company is engaged and has such knowledge and experience
in business and financial matters that Subscriber is capable of evaluating the merits and risks of the investment in the Shares.
Subscriber has prior investment experience, and Subscriber recognizes the highly speculative nature of this investment.

 

(g) Information
and Non-Reliance.

 

(i) Subscriber
acknowledges that Subscriber has carefully reviewed this Agreement, which Subscriber acknowledges has been provided to Subscriber.
Subscriber has been given the opportunity to ask questions of, and receive answers from, the Company concerning the terms and conditions
of this Offering and the Agreement and to obtain such additional information, to the extent the Company possesses such information
or can acquire it without unreasonable effort or expense, necessary to verify the accuracy of same as Subscriber reasonably desires
in order to evaluate the investment. Subscriber understands the Agreement, and Subscriber has had the opportunity to discuss any
questions regarding the Agreement with Subscriber’s counsel or other advisor. Notwithstanding the foregoing, the only information
upon which Subscriber has relied is that set forth in the Agreement and the results of independent investigation by Subscriber.
Subscriber has received no representations or warranties from the Company, its employees, agents or attorneys in making this investment
decision other than as set forth in the Agreement. Subscriber does not desire to receive any further information.

 

(ii) The Subscriber
represents that it is not relying on (and will not at any time rely on) any communication (written or oral) of the Company, as
investment advice or as a recommendation to purchase the Shares, it being understood that information and explanations related
to the terms and conditions of the Shares and the Agreement shall not be considered investment advice or a recommendation to purchase
the Shares.

 

(iii) The Subscriber
confirms that the Company has not (i) given any guarantee or representation as to the potential success, return, effect or
benefit (either legal, regulatory, tax, financial, accounting or otherwise) of an investment in the Shares or (ii) made any
representation to the Subscriber regarding the legality of an investment in the Shares under applicable legal investment or similar
laws or regulations. In deciding to purchase the Shares, the Subscriber is not relying on the advice or recommendations of the
Company and the Subscriber has made its own independent decision that the investment in the Shares is suitable and appropriate
for the Subscriber.

 

    4 

     

    

 

(h)
Tax Consequences. Subscriber acknowledges that the Offering may involve tax consequences and that the contents of
this Agreement do not contain tax advice or information. Subscriber acknowledges that Subscriber must retain Subscriber’s
own professional advisors to evaluate the tax and other consequences of an investment in the Shares. Subscriber intends to acquire
the Shares without regard to tax consequences.

 

(i) Transfer
or Resale. The Subscriber is acquiring the Shares solely for the Subscriber’s own beneficial account, for investment
purposes, and not with a view to, or for resale in connection with, any distribution of the Shares. Subscriber understands that
the Shares have not been registered under the Securities Act or the securities laws of any state and, as a result thereof, arc
subject to substantial restrictions on transfer. Subscriber acknowledges that Subscriber may be precluded from selling or otherwise
disposing of the Shares for an indefinite period of time. Subscriber consents that the Company may, if it desires, permit the transfer
of the Shares out of Subscriber’s name only when Subscriber’s request for transfer is accompanied by an opinion of
counsel reasonably satisfactory to the Company that neither the sale nor the proposed transfer results in a violation of the Securities
Act or any applicable state “blue sky” laws.

 

(j) No
General Solicitation. Subscriber was not induced to invest in the Company or in the Shares by any form of general solicitation
or general advertising including, but not limited to, the following: (i) any advertisement, article, notice or other communication
published in any newspaper, magazine or similar media or broadcast over the news or radio; (ii) any seminar or meeting whose
attendees were invited by any general solicitation or advertising; and (iii) any solicitation within the United States.

 

(k) Due
Authorization; Enforcement. Subscriber has all requisite power and authority (and in the case of an individual, capacity) to
purchase and hold the Shares, to execute, deliver and perform Subscriber’s obligations under this Agreement and when executed
and delivered by Subscriber, this Agreement will constitute legal, valid and binding agreements of Subscriber enforceable against
Subscriber in accordance with their terms, except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization,
moratorium or similar laws affecting creditors’ and contracting parties’ rights generally, and except as enforceability
may be subject to general principles of equity (regardless of whether such enforceability is considered in a proceeding in equity
or at law).

 

(l) Address.
The residence address of Subscriber furnished by Subscriber on the signature page hereto is Subscriber’s principal residence
if Subscriber is an individual or its principal business address if it is a corporation, partnership, trust or other entity.

 

(m) Compliance
with Laws. The Subscriber will comply with all applicable laws and regulations in effect in any jurisdiction in which the Subscriber
purchases or sells Shares and obtain any consent, approval or permission required for such purchases or sales under the laws and
regulations of any jurisdiction to which the Subscriber is subject or in which the Subscriber makes such purchases or sales, and
the Company shall have no responsibility therefore.

 

    5 

     

    

 

(n) Accuracy
of Representations and Warranties. The information set forth herein concerning Subscriber is true and correct. The Subscriber
understands that, unless the Subscriber notifies the Company in writing to the contrary at or before the Closing, each of the Subscriber’s
representations and warranties contained in this Agreement will be deemed to have been reaffirmed and confirmed as of the Closing,
taking into account all information received by the Subscriber.

 

(o) Entity
Representation. If Subscriber is a corporation, partnership, trust or other entity, such entity further represents and warrants
that it was not formed for the purpose of investing in the Company.

 

4. Representations and Warranties
of the Company.

 

The Company represents and warrants
to Subscriber that:

 

(a) Organization.
The Company is organized and validly existing in good standing under the laws of the State of Nevada.

 

(b) Due
Authorization, Enforcement and Valid Issuance. The Company has all requisite power and authority to execute, deliver and perform
its obligations under this Agreement, and when executed and delivered by the Company, this Agreement will constitute legal, valid
and binding agreements of the Company enforceable against the Company in accordance with its terms, except as enforceability may
be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting creditors’ and contracting
parties’ rights generally, and except as enforceability may be subject to general principles of equity (regardless of whether
such enforceability is considered in a proceeding in equity or at law). The Shares have been duly authorized and, when issued and
paid for in accordance with the terms of this Agreement, will be duly and validly issued, fully paid and nonassessable.

 

(c) Noncontravention.
The execution and delivery of this Agreement and the consummation of the transactions contemplated hereby will not conflict with
or constitute a violation of, or default under (i) any material agreement to which the Company is a party or by which it or
any of its properties are bound or (ii) the organizational documents of the Company.

 

5. Conditions to Obligations
of the Subscriber and the Company.

 

The
obligations of the Subscriber to purchase and pay for the Shares specified on the signature page hereof and of the Company to sell
the Shares are subject to the satisfaction at or prior to the Closing of the following conditions precedent:

 

(a) Representations
and Warranties. The representations and warranties of the Subscriber contained in Section 3 hereof and of the Company
contained in Section 4 hereof shall be true and correct as of the Closing in all respects with the same effect
as though such representations and warranties had been made as of the Closing.

 

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6. Legends.

 

The certificates representing the Securities
sold pursuant to this Agreement will be imprinted with legends in substantially the following form:

 

“THE
SECURITIES REPRESENTED HEREBY HAVE BEEN ACQUIRED FOR INVESTMENT AND HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933,
AS AMENDED (THE “ACT”). SUCH SHARES MAY NOT BE SOLD, PLEDGED, OR TRANSFERRED PURSUANT TO AN EFFECTIVE REGISTRATION
STATEMENT UNDER THE SECURITIES ACT OR PURSUANT TO AN AVAILABLE EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION
REQUIREMENTS OF TI-1E SECURITIES ACT AND IN ACCORDANCE WITH APPLICABLE STATE SECURITIES LAWS AS EVIDENCED BY A LEGAL OPINION OF
COUNSEL TO THE TRANSFEROR TO SUCH EFFECT, THE SUBSTANCE OF WHICH SHALL BE REASONABLY ACCEPTABLE TO THE COMPANY.”

 

and other legend language that may be determined
by the Company and its counsel from time to time.

 

7. Miscellaneous.

 

(a) Notice.
Any notices, consents, waivers or other communications required or permitted to be given under the terms of this Agreement must
be in writing and will be deemed to have been delivered: (i) upon receipt, when delivered personally; (ii) upon receipt,
when sent by facsimile (provided confirmation of transmission is mechanically or electronically generated and kept on file by the
sending party); or (iii) one (1) business day after deposit with an overnight courier service, in each case properly
addressed to the party to receive the same. The addresses and facsimile numbers for such communications shall be:

 

	If to the

                                                       Company:
	SEVEN STARS CLOUD GROUP, INC.
	 	No. 4 Drive-in Movie Theater Park, No. 21 Liangmaqiao
	 	Road Chaoyang, District, Beijing, P.R.C. 100125
	 	Attn: Legal Department
	with a copy	 
	to:	Cooley LLP
	 	1114 Avenue of the Americas
	 	New York, NY 10036-7798
	 	Attention: William N. Haddad
	If to Subscriber,	 
	 	GT Dollar Ptd. Ltd.
	 	10 Kallang Avenue,
	 	Aperia Tower 2 #13-18, Postal Code 339510
	 	Attn: Legal Department

 

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(b) Entire
Agreement: Amendment. This Agreement, which includes the exhibits referred to herein, supersedes all other prior oral or written
agreements between Subscriber, the Company, their affiliates and persons acting on their behalf with respect to the matters discussed
herein, and constitutes the entire understanding of the parties with respect to the matters covered herein. No provision of this
Agreement may be amended or waived other than by an instrument in writing signed by the Company and Subscriber.

 

(c) Severability.
If any provision of this Agreement shall be invalid or unenforceable in any jurisdiction, such invalidity or unenforceability shall
not affect the validity or enforceability of the remainder of this Agreement in that jurisdiction or the validity or enforceability
of any provision of this Agreement in any other jurisdiction.

 

(d) Governing
Law. This Agreement shall be governed by and construed in accordance with the laws of the State of Nevada, without giving effect
to any choice of law or conflict of law provision or rule.

 

(e) Successors
and Assigns. This Agreement shall be binding upon and inure to the benefit of the parties and their respective successors and
assigns. Subscriber shall not assign its rights hereunder without the prior written consent of the Company.

 

(f) No
Third-Party Beneficiaries. This Agreement is intended for the benefit of the parties hereto and their respective permitted
successors and assigns, and is not for the benefit of, nor may any provision hereof he enforced by, any other person.

 

(g) Notification
of Changes. The Subscriber hereby covenants and agrees to notify the Company upon the occurrence of any event prior to the
closing of the purchase of the Shares pursuant to this Agreement which would cause any representation, warranty or covenant of
the Subscriber contained in this Agreement to be false or incorrect.

 

(h) Further
Assurances. Each party shall do and perform, or cause to be done and performed, all such further acts and things, and shall
execute and deliver all such other agreements, certificates, instruments and documents, as the other party may reasonably request
in order to early out the intent and accomplish the purposes of this Agreement and the consummation of the transactions contemplated
hereby.

 

(i) Legal
Representation. Subscriber acknowledges that: (i) Subscriber has read this Agreement and the exhibits referred to herein;
(ii) Subscriber understands that the Company has been represented in the preparation, negotiation and execution of the Agreement;
and (iii) Subscriber understands the terms and conditions of this Agreement and is fully aware of their legal and binding
effect

  

    8 

     

    

 

(j) Expenses.
Each party will bear its own costs and expenses (including legal and accounting fees and expenses) incurred in connection with
this Agreement and the transactions contemplated hereby.

 

(k) Counterparts.
This Agreement may be executed in counterparts, all of which shall be considered one and the same agreement. The exchange of signature
pages by facsimile transmission, by electronic mail in “portable document format” (“.pdf”) form or by any
other electronic means intended to preserve the original graphic and pictorial appearance of a document shall constitute effective
execution and delivery of this Agreement as to the parties.

 

 

[SIGNATURE PAGES FOLLOW]

 

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SUBSCRIBER:

 

____________________________

GT DOLLAR PTE. LTD

Name: Chan Cheh Shin

Title: Vice President

Date: June __21__, 2018

 

Number of Shares subscribed for:

 

5,494,506 shares of Common Stock at $1.82

per share

 

Total Purchase Price for the Securities:

$10,000,000.92

 

Registered & Mailing Address:

 

	GT Dollar Pte Ltd	 
	10 Kallang Avenue,	 
	Aperia Tower 2 #13-18, Postal Code 339510	 
	Singapore	 

 

    10 

     

    

 

COMPANY SIGNATURE PAGE TO AMENDED AND RESTATED SUBSCRIPTION
AGREEMENT

 

–PLEASE DO NOT WRITE BELOW THIS LINE–

 

COMPANY USE ONLY

 

	 	Accepted and Agreed:	 
	 	 	 	 
	 	SEVEN STARS CLOUD GROUP, INC.	 
	 	 	 
	 	By:	 	 
	 	Name:	 	 
	 	Title:	 	 
	 	 	 	 
		As of: June __, 2018	 

 

    	 

     

    

 

 

EXHIBIT A

 

Confidential Accredited Investor Questionnaire

 

To: SEVEN STARS CLOUD GROUP, INC.

 

SEVEN STARS CLOUD GROUP, INC., a Nevada
corporation (the “Company”), is offering in a private placement (“Offering”) pursuant to
an accompanying subscription agreement, including, without limitation, all exhibits and annexes made a part thereto (collectively,
the “Subscription Agreement”) shares of its Common Stock, at price of $1.82 per share (the “Shares”).
The undersigned Subscriber is purchasing Shares pursuant to the Offering and acknowledges that all capitalized terms not otherwise
defined herein have the meanings set forth in the Subscription Agreement.

 

I. The Subscriber represents and warrants
that he or it comes within one category marked below, and that for any category marked, he or it has truthfully set forth,
where applicable, the factual basis or reason the Subscriber comes within that category. ALL INFORMATION IN RESPONSE TO THIS SECTION
WILL BE KEPT STRICTLY CONFIDENTIAL EXCEPT AS NECESSARY FOR THE COMPANY TO COMPLY WITH LAW AND/OR ANY RULES PROMULGATED BY ANY REGULATORY
AGENCY. The undersigned shall furnish any additional information which the Company deems necessary in order to verify the answers
set forth below.

 

	Category A__X___	
        The undersigned is an individual (not a
        partnership, corporation, etc.) whose individual net worth, or joint net worth with his or her spouse, presently exceeds $1,000,000.

         

        Explanation. In calculating net
        worth you may include equity in personal property and real estate (other than the value, after deducting mortgage obligations,
        of Subscriber’s principal residence which may not be included in such net worth calculation), cash, short-term investments,
        stock and securities. Equity in personal property and real estate should be based on the fair market value of such property less
        debt secured by such property.

         

	Category B____	The undersigned is an individual (not a partnership, corporation, etc.) who had an individual income in excess of $200,000 in each of the two most recent years, or joint income with his or her spouse in excess of $300,000 in each of those years (in each case including foreign income, tax exempt income and full amount of capital gains and losses but excluding any income of other family members and any unrealized capital appreciation) and has a reasonable expectation of reaching the same income level in the current year.
	Category C____	The undersigned is a director or executive officer of the Company which is issuing and selling the Shares.
	Category D____	
        The undersigned is a bank; a savings and
        loan association; insurance company; registered investment company; registered business development company; licensed small business
        investment company (“SBIC”); or employee benefit plan within the meaning of Title I of ERISA and (a) the
        investment decision is made by a plan fiduciary which is either a bank, savings and loan association, insurance company or registered
        investment advisor, or (b) the plan has total assets in excess of $5,000,000 or is a self-directed plan with investment decisions
        made solely by persons that are accredited investors.

         

        _______________________________

        _______________________________

        (describe entity)

         

 

     

     

    

  

	Category E____	
        The undersigned is a private
        business development company as defined in Section 202(a)(22) of the Investment Advisors Act of 1940.

         

        _______________________________

        _______________________________

        (describe entity)

         

	Category F_X___	
        The undersigned is either
        a corporation, partnership, Massachusetts business trust, or non-profit organization within the meaning of Section 501(c)(3)
        of the Internal Revenue Code, in each case not formed for the specific propose of acquiring the Shares and with total assets in
        excess of $5,000,000.

         

        _______________________________

        _______________________________

        (describe entity)

         

	Category G____	The undersigned is a trust with total assets in excess of $5,000,000, not formed for the specific purpose of acquiring the Shares, where the purchase is directed by a “sophisticated person” as defined in Regulation 506(b)(2)(ii) under the Securities Act of 1933.
	Category H____	
        The undersigned is an entity
        (other than a trust) all the equity owners of which are “accredited investors” within one or more of the above categories.
        If relying upon this Category alone, each equity owner must complete a separate copy of this Agreement.

         

        _______________________________

        _______________________________

        (describe entity)

         

	Category I____	The undersigned is not within any of the categories above and is therefore not an accredited investor.

 

For purposes hereof, “individual
income” means adjusted gross income less any income attributable to a spouse or to property owned by a spouse, increased
by the following amounts (but not including airy amounts attributable to a spouse or to property owned by a spouse): (i) the
amount of any interest income received which is tax-exempt wider Section 103 of the Internal Revenue Code of 1986, as amended
(the “Code”), (ii) the amount of losses claimed as a limited partner in a limited partnership (as reported
on Schedule E of Form 1040), (iii) any deduction claimed for depletion under Section 611 et seq. of the Code,
and (iv) any amount by which income from long-term capital gains has been reduced in arriving at adjusted gross income pursuant
to the provisions of Section 12.02 of the Code.

 

The undersigned agrees
that the undersigned will notify the Company at any time on or prior to the execution of the Subscription Agreement or this Questionnaire
in the event that the representations and warranties in the Subscription Agreement or in this Questionnaire shall cease to be true,
accurate and complete.

 

     

     

    

 

II.       Disqualification
Events.

 

		1.	Certain Criminal Convictions.

 

Have you been convicted, within the
past ten (10) years (or five (5) years, in the case of the Company, its predecessors and affiliated issuers), of any
felony or misdemeanor involving:

 

		 ̈	in connection with the purchase or sale of any security;

 

		 ̈	involving the making of any false filing with the SEC; or

 

		 ̈	arising out of the conduct of the business of an underwriter, broker, dealer, municipal securities dealer, investment advisor
or paid solicitor of purchasers of securities?

 

		 ̈	Yes. If yes, please explain:
	 	 	 
	 	 	 
	 	 	 
	 	 	 

 

		 ̈	No.

 

		2.	Certain Court Injunctions and Restraining Orders.

 

Are you subject
to any order, judgment or decree of any court of competent jurisdiction that was entered within the past five (5) years and
currently restrains or enjoins you from engaging in any conduct or practice:

 

		 ̈	in connection with the purchase or sale of any security;

 

		 ̈	involving the making of any false filing with the SEC; or

 

		 ̈	arising out of the conduct of the business of an underwriter, broker, dealer, municipal securities dealer, investment adviser
or paid solicitor of purchasers of securities?

 

		 ̈	Yes. If yes, please explain:
	 	 	 
	 	 	 
	 	 	 
	 	 	 

  

		 ̈	No.

 

     

     

    

 

		3.	Final Orders of Certain State and Federal Regulators.

 

Are you subject to a Final Order
(as defined below) of state regulators of securities, insurance, banking, savings associations or credit unions; federal banking
agencies; the Commodity Futures Trading Commission; or the National Credit Union Administration that:

 

		 ̈	bars you from:

 

		 ̈	associating with an entity regulated by any of the aforementioned regulators;

 

		 ̈	engaging in the business of securities, insurance or banking; or

 

		 ̈	engaging in savings association or credit union activities; or

 

		 ̈	constitutes a Final Order based on a violation of any law or regulation that prohibits fraudulent, manipulative, or deceptive
conduct entered within the past ten (10) years?

 

		 ̈	Yes. If yes, please explain:
	 	 	 
	 	 	 
	 	 	 
	 	 	 

 

		 ̈	No.

 

The term “Final Order”
means a written directive or declaratory statement issued by a federal or state agency described in Rule 506(d)(1)(iii) under
the Securities Act of 1933 under applicable statutory authority that provides for notice and an opportunity for a hearing, which
constitutes a final disposition or action by that federal or state agency.

 

		4.	SEC Disciplinary Orders.

 

Are you subject to any order of the Securities and
Exchange Commission (“SEC”) that currently:

 

		 ̈	suspends or revokes your registration as a broker, dealer, municipal securities dealer or investment adviser;

		 ̈	places limitations on the activities, functions or operations of, or imposes civil money penalties on, such person; or

		 ̈	bars you from being associated with any entity or from participating in the offering of any penny stock?1

 

		 ̈	Yes. If yes, please explain:
	 	 	 
	 	 	 
	 	 	 
	 	 	 

  

		 ̈	No.

  

 

 

		1	A disqualification based
on a suspension or limitation of activities expires when the suspension or limitation expires.

 

     

     

    

 

		5.	SEC Cease-and-Desist Orders.

 

Are you subject
to any order of the SEC that was entered within the past five (5) years and currently orders you to cease and desist from
committing or causing a future violation of:

 

		 ̈	any scienter-based (intent-based) anti-fraud provision of the federal securities laws (including,
for example, but not limited to):

 

		 ̈	Section 17(a)(1) of the Securities Act of 1933,

 

		 ̈	Section 10(b) of the Exchange Act and Rule 10b-5, and

 

		 ̈	Section 15(c)(1) of the Securities Exchange Act); or

 

		 ̈	Section 5 of the Securities Act of 1933, which generally requires that securities be registered
and prohibits the sale of unregistered securities.

 

		 ̈	Yes. If yes, please explain:
	 	 	 
	 	 	 
	 	 	 
	 	 	 

 

		 ̈	No.

 

		6.	SRO Suspension/Expulsion.

 

Have you been
suspended or expelled from membership in, or suspended or barred from association with a member of, a securities self-regulatory
organization (“SRO”, such as a registered national securities exchange or a registered national or affiliated
securities association, including FINRA) for any act or omission to act constituting conduct inconsistent with just and equitable
principles of trade?

  

		 ̈	Yes. If yes, please explain:
	 	 	 
	 	 	 
	 	 	 
	 	 	 

  

		 ̈	No.

 

     

     

    

 

		7.	SEC Stop Orders.

 

Have
you filed (as a registrant or issuer), or were you named as an underwriter in any registration statement or Regulation A offering
statement filed with the SEC that, within the past five (5) years, was the subject
of a refusal order, stop order, or order suspending the Regulation A exemption, or is currently the subject of an investigation
or proceeding to determine whether a stop order or suspension order should be issued?

  

		 ̈	Yes. If yes, please explain:
	 	 	 
	 	 	 
	 	 	 
	 	 	 

  

		 ̈	No.

 

		8.	USPS False Representations Order.

 

Are
you subject to a United States Postal Service (“USPS”) false representation order entered within the past five (5)
years, or are you currently subject to a temporary restraining order or preliminary injunction with respect to conduct alleged
by the USPS to constitute a scheme or device for obtaining money or property through the mail by means of false representations?

  

		 ̈	Yes. If yes, please explain:
	 	 	 
	 	 	 
	 	 	 
	 	 	 

  

		 ̈	No.

 

III. The undersigned is informed of the
significance to the Company of the foregoing representations and answers contained in this Questionnaire contained herein and such
answers have been provided under the assumption that the Company will rely on them.

 

IV. In furnishing the above information,
the undersigned acknowledges that the Company will be relying thereon in determining, among other things, whether there are reasonable
grounds to believe that the undersigned qualifies as a Purchaser under Section 4(a)(2) and/or Regulation D of the Securities
Act of 1933 and applicable state securities laws for the purposes of the proposed investment.

 

V. The undersigned understands and agrees
that the Company may request further information of the undersigned in verification or amplification of the undersigned’s
knowledge of business affairs, the undersigned’s assets and the undersigned’s ability to bear the economic risk involved
in an investment in the securities of the Company.

 

VI. The undersigned represents to you that
(a) the information contained herein is complete and accurate on the date hereof and may be relied upon by you, (b) the
undersigned will notify you immediately of any change in any such information occurring prior to the acceptance of the subscription
and will promptly send you written continuation of such change. The undersigned hereby certifies that he, she or it has read and
understands the Subscription Agreement related hereto and (c) the undersigned acknowledges that you may be required to publicly
disclose the information provided in this Questionnaire and that he or it consents to such public disclosure.

 

VII. INFORMATION VERIFICATION
CONSENT.

 

BY
SIGNING THIS QUESTIONNAIRE, SUBSCRIBER HEREBY GRANTS THE COMPANY PERMISSION TO REVIEW ALL PUBLICLY AVAILABLE INFORMATION REGARDING
SUBSCRIBER, INCLUDING, BUT NOT LIMITED TO INFORMATION PROVIDED BY THE OFFICE OF FOREIGN ASSETS CONTROL (“OFAC”)
FOR THE PURPOSE OF VERIFYING INFORMATION PROVIDED BY SUBSCRIBER HEREIN.

 

[SIGNATURE
PAGE FOLLOWS]

 

     

     

    

 

INVESTOR QUESTIONNAIRE EXECUTION PAGE

 

	 	 
	Signature	 
	 	 
	Chan Cheh Shin	 
	Name Typed or Printed	 
	 	 
	GT DOLLAR PTD. LTD.	 
	Entity Name	 
	 	 
	10 Kallang Avenue, Aperia Tower 2,	 
	 	 
	 Postal Code 339510 SINGAPORE	 
	City, State and Zip Code	 

 

     

     

    

 

EXHIBIT B

 

DEFINITION OF ACCREDITED
INVESTOR

 

“Accredited investor”
means any person who comes within any of the following categories, or who the Company reasonably believes comes within any of the
following categories, at the time of the sale of the Shares to that person:

 

		1.	Any bank as defined in Section 3(a)(2) of the Securities Act, or any savings and loan association
or other institution as defined in Section 3(a)(5)(A) of the Securities Act whether acting in its individual or fiduciary
capacity; any broker or dealer registered pursuant to Section 15 of the Securities Exchange Act of 1934; any insurance company
as defined in Section 2(13) of the Securities Act; any investment company registered under the Investment Company Act of 1940
or a business development company as defined in Section 2(a)(48) of that Act; any Small Business Investment Company licensed
by the U.S. Small Business Administration under Section 301(c) or (d) of the Small Business Investment Act of 1958; any plan
established and maintained by a state, its political subdivisions, or any agency or instrumentality of a state or its political
subdivisions, for the benefit of its employees, if such plan has total assets in excess of $5,000,000; any employee benefit plan
within the meaning of the Employee Retirement Income Security Act of 1974 if the investment decision is made by a plan fiduciary,
as defined in Section 3(21) of such Act, which is either a bank, savings and loan association, insurance company, or registered
investment adviser, or if the employee benefit plan has total assets in excess of $5,000,000 or, if a self-directed plan, with
investment decisions made solely by persons that are accredited investors;

 

		2.	Any private business development company as defined in Section 202(a)(22) of the Investment
Advisers Act of 1940;

 

		3.	Any organization described in Section 501(c)(3) of the Internal Revenue Code, corporation,
Massachusetts or similar business trust, or partnership, not formed for the specific purpose of acquiring the Shares offered, with
total assets in excess of $5,000,000;

 

		4.	Any director, executive officer, or general partner of the issuer of the Company, or any director
or executive officer of the Company;

 

		5.	Any natural person whose individual net worth, or joint net worth with that person’s spouse,
at the time of his purchase exceeds $1,000,000, provided that for purposes of this item 5, “net worth” means
the excess of total assets at fair market value (including personal and real property, but excluding the value of a person’s
primary home) over total liabilities (excluding any mortgage on the primary home in an amount of up to the home’s fair
market value, but including any mortgage amount in excess of the home’s fair market value);

 

		6.	Any natural person who had an individual income in excess of $200,000 in each of the two most recent
years or joint income with that person’s spouse in excess of $300,000 in each of those years and has a reasonable expectation
of reaching the same income level in the current year, provided that for purposes of this item 6, “income”
means annual adjusted gross income, as reported for federal income tax purposes, plus (a) the amount of any tax-exempt interest
income received; (b) the amount of losses claimed as a limited partner in a limited partnership; (c) any deduction claimed
for depletion; (d) amounts contributed to an IRA or Keogh retirement plan; (e) alimony paid; and (f) any amount
by which income from long-term capital gains has been reduced in arriving at adjusted gross income pursuant to the provisions of
Section 1202 of the Internal Revenue Code of 1986, as amended;

 

		7.	Any trust, with total assets in excess of $5,000,000, not fanned for the specific purpose of acquiring
the Shares offered, whose purchase is directed by a sophisticated person as described in Rule 506(b)(2)(ii); and

 

		8.	Any entity in which all of the equity owners are accredited investors.EX-10.1

 Exhibit 10.1 

GATX CORPORATION 
 2012 AMENDED AND
RESTATED INCENTIVE AWARD PLAN 
 RESTRICTED STOCK UNIT AGREEMENT 

In consideration of the provision of services by the Participant, an employee of GATX Corporation (the “Company”) or a subsidiary thereof
(such subsidiary and the Company hereinafter collectively “GATX”), and for Participant’s execution and compliance with the terms of the Confidential Information, Non-Competition and Non-Solicitation Agreement entered into contemporaneously herewith (the “Non-Compete Agreement”) and as further incentive for the Participant to advance the
interests of the Company, the Company hereby grants to the Participant, on the Grant Date, the number of Restricted Stock Units set forth on the Morgan Stanley Stock Plan Connect website (https://www.stockplanconnect.com) (the
“RSUs”) with respect to the same number of Shares of the Company pursuant to the GATX Corporation 2012 Amended and Restated Incentive Award Plan (the “Plan”). Such grant is expressly subject to the terms and
conditions of this Restricted Stock Unit Agreement (the “Agreement”) as hereinafter set forth and further subject to the terms and conditions of the Plan, both of which are incorporated herein by reference. 

 

	1.	 Defined Terms. Capitalized terms used in this Agreement are defined in paragraph 10 or elsewhere herein.
Capitalized terms used but not defined herein shall have the meanings ascribed thereto in the Plan. 

  

	2.	 Award. By acceptance of this RSU award on the Morgan Stanley Stock Plan Connect website
(https://www.stockplanconnect.com), Participant hereby agrees and consents to the application this Agreement and the Plan to the RSUs. Each RSU entitles the Participant to receive one Share subject to the terms and conditions of this
Agreement. 

  

	3.	 Voting Rights and Dividends. Notwithstanding anything to the contrary the Participant shall not have any
rights as a shareholder of the Company, including the right to vote, until Shares are actually issued to the Participant in accordance with paragraph 4 of this Agreement. 

An account shall be established for the Participant, to which shall be credited dividend equivalents equal to the product of (a) the
number of the Participant’s RSUs and (b) the dividend declared on a single share of Common Stock. To the extent the Participant becomes vested in the RSUs, the Participant shall be entitled to a distribution of the dividend equivalents
credited to his or her account at the same time as the Shares are issued with respect to the RSUs so vesting. All dividend equivalents paid will be considered ordinary income and will be subject to supplemental withholding rates for income tax
purposes including payroll taxes, applicable to such supplemental income. 

	4.	 Vesting, Transfer and Forfeiture of RSUs. 

 

	 	(a)	 Except as otherwise provided in subparagraph 4(b) below, the Participant shall vest in the RSUs which have been
granted to the Participant (as set forth in paragraph 2 above) on the Vesting Dates shown in the table below. 

  

					
	 INSTALLMENT
	 	 VESTING DATE
	 	 
	25% of RSUs	 	First-year anniversary of the Grant Date	 	 
	75% of RSUs	 	Third-year anniversary of the Grant Date	 	 

 The RSUs shall be converted and exchanged for an equal number of shares of Stock to be issued to
the Participant no later than the tenth (10th) business day following each Vesting Date. Notwithstanding the foregoing, if the Participant’s Date of Termination occurs prior to one of the
Vesting Dates, the Participant shall forfeit all unvested RSUs and the Participant shall have no further rights under this Agreement. 
  

	 	(b)	 Notwithstanding the provisions of subparagraph 4(a) above, the Participant shall become vested in the RSUs as
provided in subparagraphs (i), (ii), (iii) and (iv) below, and shall become owner of an equal number of Shares thereof free of all restrictions otherwise imposed by this Agreement as provided in subparagraph (v) below, as follows:

  

	 	(i)	 If the Participant’s Date of Termination occurs as a result of death, Retirement or Disability, the
Participant will be vested on such Date of Termination in a pro rata portion of the RSUs based on his or her length of employment during the Vesting Period. The pro rata portion of the Restricted Stock Units shall equal the product of:

  

	 	(A)	 the number of RSUs granted to the Participant hereunder; and 

 

	 	(B)	 a fraction (not greater than one), the numerator of which shall be the number of days the Participant is
employed by the Company or its Subsidiaries during the period beginning on the Grant Date and ending on the Date of Termination and the denominator of which shall be the number of days in the Vesting Period. 

 

	 	(ii)	 Subject to the provisions of Section 14.2 of the Plan (relating to the adjustment of Shares), if a Change
in Control occurs prior to a Participant’s Date of Termination and before one of the Vesting Dates, and within two (2) years after the occurrence of the Change in Control the Participant’s Date of Termination occurs by reason of
discharge by the Participant’s employer without Cause or the Participant resigns from employment with the employer for Good Reason, the Participant shall, except as provided in subparagraph (iii), become fully vested in all unvested RSUs
granted under this Agreement prior to the Change in Control that are held by the Participant as of the Date of Termination, in accordance with subparagraphs 4(b)(iv) and 4(b)(v). 

  
 2 

	 	(iii)	 With respect to any RSUs that become vested pursuant to subparagraph (ii) in connection with a Change in
Control described in Subsection 2.7(e) of the Plan, with respect to a Participant as described therein relating to certain transactions involving a Subsidiary or Business Segment, then such Participant shall be vested in the RSUs as follows:

  

	 	(A)	 If such Date of Termination occurs during the first year of the Vesting Period, the Participant shall be vested
in one-third (1/3) of the Participant’s RSUs. 

  

	 	(B)	 If such Date of Termination occurs during the second year of the Vesting Period, the Participant shall be
vested in two-thirds (2/3) of the Participant’s RSUs. 

  

	 	(C)	 If such Date of Termination occurs during the third year of the Vesting Period, the Participant shall be vested
in all of the Participant’s RSUs. 

  

	 	(iv)	 For purposes of subparagraphs (ii) and (iii) above, if, as a result of a Change in Control described in
Subsection 2.7(e) of the Plan, the Participant’s Termination of Service occurs by reason of the Participant’s employer ceasing to be a Subsidiary (and the Participant’s employer is or becomes an entity that is separate from the
Company), and the Participant is not, immediately following the Change in Control, employed by the Company or an entity that is then a Subsidiary, then the occurrence of the Change in Control shall be treated as the Participant being discharged by
the employer without Cause. 

  

	 	(v)	 Following the vesting of the RSUs under subparagraph (i) or (ii), RSUs shall be converted to an equal
number of Shares and issued no later than the tenth (10th) business day following the Date of Termination; provided, however, that in the event the Participant qualifies for Retirement, then:

  

	 	(A)	 If such Participant’s Date of Termination (under subparagraph (i), (ii), (iii) or (iv) above) is a
result of a “separation from service” as determined in accordance with Treas. Reg. §1.409A-1(h) and any interpretation thereof adopted by the Company (a “Separation from
Service”) and the Participant is a “specified employee” within the meaning of Section 409A of the Code and the regulations issued 

  
 3 

	 	
thereunder, the RSUs shall be converted to an equal number of shares of Stock and issued to the Participant on the earlier of (1) the Vesting Date or (2) the tenth (10th) business day following the six (6)-month anniversary of the Date of Termination. 

  

	 	(B)	 If such Participant’s Date of Termination is under subparagraph (ii), (iii) or (iv) above but is not
as a result of a Separation from Service, the RSUs shall be converted to an equal number of shares of Stock and issued to the Participant on the earlier of (1) the Vesting Date or (2) the tenth (10th) business day following the date the Participant has a Separation from Service. 

  

	 	(C)	 If such Participant’s Date of Termination is under subparagraph (iii) or (iv) above, is not as a
result of a Separation from Service, and the Change in Control does not constitute a “change in control event” within the meaning of Treasury Regulation §1.409A-3(i)(5)(i), the RSUs shall be
converted to an equal number of shares of Stock and issued to the Participant on the earlier of (1) the Vesting Date or (2) the tenth (10th) business day following the date the
Participant has a Separation from Service. 

  

	 	(c)	 Except pursuant to a domestic relations order, RSUs may not be sold, assigned, transferred, pledged or
otherwise encumbered until share of Common Stock have been distributed to the participant free and clear of all restrictions. 

  

	5.	 Withholding. The granting, vesting and settlement of RSUs under this Agreement are subject to
withholding of all applicable taxes. Subject to such rules and limitations as may be established by the Administrator from time to time, the Participant may satisfy his or her withholding obligations through (i) payment of cash to the Company
equal to the amount of taxes required to be withheld, (ii) contemporaneously withholding from other sources of income otherwise payable to the Participant by the Company or any Subsidiary, or (iii) the surrender of Shares which the
Participant already owns, or to which the Participant is otherwise entitled under the Plan or this Agreement; provided, however, that, except as otherwise provided by the Administrator, Shares otherwise payable under this Agreement may not be used
to satisfy more than the Company’s minimum statutory withholding obligation (based on minimum statutory withholding rates for income tax purposes, including payroll taxes, that are applicable to such supplemental taxable income). In the event
that the withholding obligation arises during a period in which the Participant is prohibited from trading in Common Stock pursuant to the Company’s insider trading policy, or otherwise by applicable securities or other laws, then unless
otherwise elected by the Participant during a period when he/she was not so restricted from trading, the Company shall automatically satisfy the Participant’s withholding obligation by withholding from Shares otherwise deliverable under this
Agreement 

  
 4 

	6.	 Heirs and Successors. This Agreement shall be binding upon, and inure to the benefit of, the Company and
its successors and assigns, including any person acquiring, whether by merger, consolidation, purchase of assets or otherwise, all or substantially all of the Company’s assets and business. If any rights of the Participant or benefits
distributable to the Participant under this Agreement have not been exercised or distributed, respectively, at the time of the Participant’s death, such rights shall be exercisable by the Designated Beneficiary, and such benefits shall be
distributed to the Designated Beneficiary, in accordance with the provisions of this Agreement and the Plan. If a deceased Participant fails to designate a beneficiary, or if the Designated Beneficiary does not survive the Participant, any rights
that would have been exercisable by the Participant and any benefits distributable to the Participant shall be exercised by or distributed to the legal representative of the estate of the Participant. If the Designated Beneficiary survives the
Participant but dies before the exercise of all rights or the complete distribution of benefits under this Agreement, then any remaining rights and any remaining benefit distribution shall be exercisable by or distributed to the legal representative
of the estate of the Designated Beneficiary. 

  

	7.	 Plan Governs. Notwithstanding anything in this Agreement to the contrary, the terms of this Agreement
shall be subject to the terms of the Plan, a copy of which may be obtained by the Participant from the Director, Compensation of the Company. This Agreement is subject to all interpretations, amendments, rules and regulations promulgated by the
Administrator from time to time pursuant to the Plan. 

  

	8.	 Not an Employment Contract. The Award will not confer on the Participant any right with respect to
continuance of employment or other service with the Company or any Subsidiary, nor will it interfere in any way with any right the Company or any Subsidiary would otherwise have to terminate or modify the terms of such Participant’s employment
or other service at any time. 

  

	9.	 Notices. Any written notices provided for in this Agreement or the Plan shall be provided in accordance
with subparagraph 9(a) or 9(b), as applicable and, if provided to the Company, shall be addressed as follows: 

 GATX
Corporation 
 222 West Adams Street 

Chicago, IL 60606-5314 
 U.S.A 

 

	 	(a)	 Any notice required by the Participant pursuant to the definition of Good Reason as defined below, shall be in
writing given by hand delivery or by registered or certified mail, return receipt requested, postage prepaid, addressed to the Executive Vice President, Human Resources and shall be effective when actually received. 

  
 5 

	 	(b)	 All other notices shall be in writing and shall be deemed sufficiently given if either hand delivered or if
sent by fax or overnight courier, or by postage paid first class mail. Any such notice sent by mail shall be deemed received three business days after mailing, but in no event later than the date of actual receipt and shall be directed, if to the
Participant, at the Participant’s address indicated by the Company’s records, or if to the Company, to the attention of the Director, Compensation and Benefits. 

 

	10.	 Definitions. For purposes of this Agreement, the terms used in this Agreement shall be subject to the
following: 

 “Cause” shall mean (i) the willful and continued failure of the Participant to perform
the Participant’s duties with the Company or one of its affiliates (other than any such failure resulting from incapacity due to physical or mental illness), or (ii) the willful engaging by the Participant in illegal conduct or gross
misconduct in the course of his or her discharge of duties for The Company. For purposes of this provision, no act or failure to act, on the part of the Participant, shall be considered “willful” unless it is done, or omitted to be done,
by the Participant in bad faith or without reasonable belief, that the Participant’s action or omission was in the best interests of the Company. 

“Change in Control” shall have the meaning ascribed to it in Section 2.7 of the Plan. 

“Date of Termination” shall mean the date on which the Participant incurs a Termination of Service. 

“Designated Beneficiary” shall mean the beneficiary or beneficiaries designated by the Participant in a writing filed with the
Committee in such form and at such time as the Committee shall require. 
 “Disability” shall mean, except as otherwise
provided by the Committee, the period in which the Participant is considered to be “disabled” as that term is defined in the Company’s long term disability plan. 

“Good Reason” shall mean the occurrence of one or more of the following conditions without the consent of the Participant:

  

	 	(a)	 a material diminution in the Participant’s base compensation, compared with the Participant’s base
compensation in effect immediately prior to the consummation of a Change in Control; 

  

	 	(b)	 a material diminution in the Participant’s authority, duties, or responsibilities, compared with the
authority, duties, and responsibilities of the Participant immediately prior to the consummation of a Change in Control; 

  
 6 

	 	(c)	 the Participant is required to report to a supervisor with materially less authority, duties, or
responsibilities than the authority, duties, and responsibilities of the supervisor who had the greatest such authority, duties, and responsibilities at the time the Participant was required to report to such supervisor during the 120-day period immediately preceding the consummation of a Change in Control; 

  

	 	(d)	 a material diminution in the budget over which the Participant retains authority, compared with the most
significant budget, if any, over which the Participant had authority at any time during the 120-day period immediately preceding the consummation of a Change in Control; 

 

	 	(e)	 a material change in the geographic location at which the Participant must perform services; or

  

	 	(f)	 any other action or inaction by the Company that constitutes a material breach of any change of control
agreement between the Company and the Participant that is in effect when a Change in Control occurs. 

 If (I) the
Participant provides written notice to the Company of the occurrence of Good Reason within a reasonable time (not more than 90 days) after the Participant has knowledge of the circumstances constituting Good Reason, which notice specifically
identifies the circumstances which the Participant believes constitute Good Reason; (II) the Company fails to notify the Participant of the Company’s intended method of correction within a reasonable period of time (not less than 30 days)
after the Company receives the notice, or the Company fails to correct the circumstances within a reasonable period of time after such notice (except that no such opportunity to correct shall be applicable if the circumstances constituting Good
Reason are those described in paragraph (e) above, relating to relocation); and (III) the Participant resigns within a reasonable time after receiving the Company’s response, if such notice does not indicate an intention to correct
such circumstances, or within a reasonable time after the Company fails to correct such circumstances (provided that in no event may such termination occur more than two (2) years after the initial existence of the condition constituting Good
Reason); then the Participant shall be considered to have terminated for Good Reason.  
 “Grant Date” shall mean the
date this RSU award was approved by the Compensation Committee of the Board of Directors of the Company. 
 “Retirement”
shall mean retirement of the Participant on a “Retirement Date” as that term is defined in the GATX Corporation Non-Contributory Pension Plan for Salaried Employees. 

  
 7 

 “Vesting Dates” means the first and third anniversaries of the Grant Date.

 “Vesting Period” means the period beginning on the Grant Date and ending on the final Vesting Date. 

  
 8

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