Document:

SECURITIES
PURCHASE AGREEMENT

 

This
Securities Purchase Agreement (this “Agreement”) is made and entered into as of [Agreement Date]by and
between Agility Health & Wellness Corporation a Nevada corporation (the “Company”) and the undersigned
(the “Purchaser”). The Purchaser, together with the Company shall be referred to as the “Parties”.

 

WHEREAS,
the Company desires to issue and sell to the Purchaser, and the Purchaser desires to purchase from the Company a promissory note
described below under Section 1 of this Agreement pursuant to an exemption from registration under Section 4(2), and/or Regulation
S under the Securities Act of 1933, as amended (the “1933 Act”) or other applicable exemptions on the terms and conditions
set forth in this Agreement.

 

NOW,
THEREFORE, in consideration of the mutual covenants set forth herein, and for other good and valuable consideration, the receipt
and sufficiency of which is hereby acknowledged, the Parties hereby agree as follows:

 

	1.	Securities
    Sale and Purchase. The Company shall issue and sell to the Purchaser and the Purchaser agrees to purchase from the Company
    a convertible promissory note in the form of Exhibit A (the “Note” or the “Securities”) in
    the principal amount of $[Purchase Price] (the “Purchase Price”) pursuant to an exemption from registration provided
    by Section 4(2), and/or Regulation S promulgated under the 1933 Act or other applicable exemption.
	 	 
	2.	Closing.
        At the closing, the Company will deliver to the Purchaser the Note and the Purchase Price shall be paid by the Purchaser
        via wire transfer of immediately available funds to an account designated by the Company. The closing shall be held on
        such date as the parties may agree upon (the “Closing” and the “Closing Date”) at the offices
        of AGILITY HEALTH & WELLNESS CORPORATION, RM G, 10/F, EVEREST IND CENTRE, 396 KWUN TONG RD, KWUN TONG, HONG KONG at
        10:00 a.m., or at such other location or by such other means upon which the parties may agree; provided, that all of the
        conditions set forth in Section 2 hereof and applicable to the Closing shall have been fulfilled or waived in accordance
        herewith.

        

	 	 
	3.	Representations,
    Warranties and Covenants of the Company. The Company represents and warrants to the Purchaser, as of the date hereof,
    as follows:

 

	 	(a)	Organization
    and Standing. The Company is a duly organized corporation, validly existing and in good standing under the laws of the
    State of Nevada, has full power to carry on its business as and where such business is now being conducted and to own, lease
    and operate the properties and assets now owned or operated by it and is duly qualified to do business and is in good standing
    in each jurisdiction where the conduct of its business or the ownership of its properties requires such qualification.
	 	 	 
	 	(b)	Authorization
        and Power. The execution, delivery and performance of this Agreement and the consummation of the transaction contemplated
        hereby have been duly authorized by the Board of Directors of the Company. The Agreement has been (or upon delivery will
        be) duly executed by the Company is or, when delivered in accordance with the terms hereof, will constitute, assuming
        due authorization, execution and delivery by each of the parties thereto, the valid and binding obligation of the Company
        enforceable against the Company in accordance with its terms.

        

	 	 	 
	 	(c)	No
    Conflict. The execution, delivery and performance of this Agreement and the consummation of the transactions contemplated
    hereby do not (i) violate or conflict with the Company’s Certificate of Incorporation, By-laws or other organizational
    documents, (ii) conflict with or result (with the lapse of time or giving of notice or both) in a material breach or default
    under any material agreement or instrument to which the Company is a party or by which the Company is otherwise bound, or
    (iii) violate any order, judgment, law, statute, rule or regulation applicable to the Company, except where such violation,
    conflict or breach would not have a Material Adverse Effect on the Company. This Agreement when executed by the Company will
    be a legal, valid and binding obligation of the Company enforceable in accordance with its terms (except as may be limited
    by bankruptcy, insolvency, reorganization, moratorium and similar laws and equitable principles relating to or limiting creditors’
    rights generally).

 

    	 	 	 

    	 

    

 

	 	(d)	Authorization.
    Issuance of the Note to Purchasers has been duly authorized by all necessary corporate actions of the Company.
	 	 	 
	 	(e)	Litigation
    and Other Proceedings. There are no actions, suits, proceedings or investigations pending or, to the knowledge of the
    Company, threatened against the Company at law or in equity before or by any court or Federal, state, municipal or their governmental
    department, commission, board, bureau, agency or instrumentality, domestic or foreign which could materially adversely affect
    the Company. The Company is not subject to any continuing order, writ, injunction or decree of any court or agency against
    it which would have a material adverse effect on the Company.
	 	 	 
	 	(f)	Use
    of Proceeds. The proceeds of this Offering and sale of the Note, net of payment of placement expenses, will be used by
    the Company for working capital and other general corporate purposes.
	 	 	 
	 	(g)	Consents/Approvals.
    No consents, filings (other than Federal and state securities filings relating to the issuance of the Note pursuant to
    applicable exemptions from registration, which the Company hereby undertakes to make in a timely fashion), authorizations
    or other actions of any governmental authority are required to be obtained or made by the Company for the Company’s
    execution, delivery and performance of this Agreement which have not already been obtained or made or will be made in a timely
    manner following the Closing.
	 	 	 
	 	(h)	No
    Commissions. The Company has not incurred any obligation for any finder’s, broker’s or agent’s fees
    or commissions in connection with the transaction contemplated hereby.
	 	 	 
	 	(i)	Disclosure.
    No representation or warranty by the Company in this Agreement, the Agreement, nor in any certificate, Schedule or Exhibit
    delivered or to be delivered pursuant to this Agreement or the Transaction Documents: contains or will contain any untrue
    statement of material fact or omits or will omit to state a material fact necessary to make the statements contained herein
    or therein not misleading. To the knowledge of the Company and its subsidiaries at the time of the execution of this Agreement,
    there is no information concerning the Company and its subsidiaries or their respective businesses which has not heretofore
    been disclosed to the Purchasers that would have a Material Adverse Effect.
	 	 	 
	 	(j)	Compliance
    with Laws. The business of the Company and its subsidiaries has been and is presently being conducted so as to comply
    with all applicable material federal, state and local governmental laws, rules, regulations and ordinances.

 

	4.	Purchaser
    Representations, Warranties and Agreements. The Purchaser hereby acknowledges, represents and warrants as follows:

 

	 	(a)	Organization;
    Authority. Such Purchaser is an entity duly organized, validly existing and in good standing under the laws of the jurisdiction
    of its organization with the requisite corporate or partnership power and authority to enter into and to consummate the transactions
    contemplated by the applicable Documents and otherwise to carry out its obligations thereunder. The execution, delivery and
    performance by such Purchaser of the transactions contemplated by this Agreement has been duly authorized by all necessary
    corporate or, if such Purchaser is not a corporation, such partnership, limited liability company or other applicable like
    action, on the part of such Purchaser. Each of this Agreement and other Documents has been duly executed by such Purchaser,
    and when delivered by such Purchaser in accordance with the terms hereof, will constitute the valid and legally binding obligation
    of such Purchaser, enforceable against it in accordance with its terms, except as such enforceability may be limited by applicable
    bankruptcy, insolvency, reorganization, moratorium, liquidation or similar laws relating to, or affecting generally the enforcement
    of, creditors’ rights and remedies or by other equitable principles of general application.

 

    	 	 	 

    	 

    

 

	 	(b)	Investment
    Intent. Such Purchaser is acquiring the Note as principal for its own account for investment purposes only and not with
    a view to or for distributing or reselling such Note or any part thereof, without prejudice, however, to such Purchaser’s
    right at all times to sell or otherwise dispose of all or any part of such Note in compliance with applicable federal and
    state securities laws. Subject to the immediately preceding sentence, nothing contained herein shall be deemed a representation
    or warranty by such Purchaser to hold the Note for any period of time. Such Purchaser is acquiring the Note hereunder in the
    ordinary course of its business. Such Purchaser does not have any agreement or understanding, directly or indirectly, with
    any Person to distribute any of the Securities.
	 	 	 
	 	(c)	Purchaser
    Status.

 

	 	(i)	The
    Purchaser agrees and acknowledges that it was not, a “U.S. Person” (as defined below) at the time the Purchaser
    was offered the Note and as of the date hereof:

 

	 	(A)
	Any
    natural person resident in the United States;
	 	 	 
	 	(B)	Any
    partnership or corporation organized or incorporated under the laws of the United States;
	 	 	 
	 	(C)	Any
    estate of which any executor or administrator is a U.S. person;
	 	 	 
	 	(D)
	Any
    trust of which any trustee is a U.S. person;
	 	 	 
	 	(E)	Any
    agency or branch of a foreign entity located in the United States;
	 	 	 
	 	(F)	Any
    non-discretionary account or similar account (other than an estate or trust) held by a dealer or other fiduciary for the benefit
    or account of a U.S. person;
	 	 	 
	 	(G)	Any
    discretionary account or similar account (other than an estate or trust) held by a dealer or other fiduciary organized, incorporated,
    or (if an individual) resident of the United States; and
	 	 	 
	 	(H)	Any
    partnership or corporation if (i) organized or incorporated under the laws of any foreign jurisdiction and (ii) formed by
    a U.S. person principally for the purpose of investing in securities not registered under the 1933 Act, unless it is organized
    or incorporated, and owned, by accredited Purchasers (as defined in Rule 501(a) of Regulation D promulgated under the 1933
    Act) who are not natural persons, estates or trusts.

 

“United
States” or “U.S.” means the United States of America, its territories and possessions, any State
of the United States, and the District of Columbia.

 

	 	(ii)	The
    Purchaser understands that no action has been or will be taken in any jurisdiction by the Company that would permit a public
    offering of the Note in any country or jurisdiction where action for that purpose is required.
	 	 	 
	 	(iii)	The
    Purchaser (i) as of the execution date of this Agreement is not located within the United States, and (ii) is not purchasing
    the Note for the account or benefit of any U.S. Person, except in accordance with one or more available exemptions from the
    registration requirements of the 1933 Act or in a transaction not subject thereto.
	 	 	 
	 	(iv)	The
    Purchaser will not resell the Securities except in accordance with the provisions of Regulation S (Rule 901 through 905 and
    Preliminary Notes thereto), pursuant to a registration statement under the 1933 Act, or pursuant to an available exemption
    from registration; and agrees not to engage in hedging transactions with regard to such securities unless in compliance with
    the 1933 Act.

 

    	 	 	 

    	 

    

 

	 	(v)	The
    Purchaser will not engage in hedging transactions with regard to Note of the Company prior to the expiration of the distribution
    compliance period specified in Category 2 or 3 (paragraph (b)(2) or (b)(3)) in Rule 903 of Regulation S, as applicable, unless
    in compliance with the 1933 Act; and as applicable, shall include statements to the effect that the securities have not been
    registered under the 1933 Act and may not be offered or sold in the United States or to U.S. persons (other than distributors)
    unless the securities are registered under the 1933 Act, or an exemption from the registration requirements of the 1933 Act
    is available.
	 	 	 
	 	(vi)	No
    form of “directed selling efforts” (as defined in Rule 902 of Regulation S under the 1933 Act), general solicitation
    or general advertising in violation of the 1933 Act has been or will be used nor will any offers by means of any directed
    selling efforts in the United States be made by the Purchaser or any of their representatives in connection with the offer
    and sale of the Note.

 

	 	(d)	General
    Solicitation. Such Purchaser is not purchasing the Note as a result of any advertisement, article, notice or other communication
    regarding the Note published in any newspaper, magazine or similar media or broadcast over television or radio or presented
    at any seminar or any other general solicitation or general advertisement.
	 	 	 
	 	(e)	Access
    to Information. Such Purchaser acknowledges that it has reviewed the disclosure materials and has been afforded (i) the
    opportunity to ask such questions as it has deemed necessary of, and to receive answers from, representatives of the Company
    concerning the terms and conditions of the offering of the Note and the merits and risks of investing in the Note; (ii) access
    to information about the Company and the Subsidiaries and their respective financial condition, results of operations, business,
    properties, management and prospects sufficient to enable it to evaluate its investment; and (iii) the opportunity to obtain
    such additional information that the Company possesses or can acquire without unreasonable effort or expense that is necessary
    to make an informed investment decision with respect to the investment. Neither such inquiries nor any other investigation
    conducted by or on behalf of such Purchaser or its representatives or counsel shall modify, amend or affect such Purchaser’s
    right to rely on the truth, accuracy and completeness of the Disclosure Materials and the Company’s representations
    and warranties contained in the Transaction Documents.
	 	 	 
	 	(f)	Independent
    Investment Decision. Such Purchaser has independently evaluated the merits of its decision to purchase the Note pursuant
    to the Agreement, and such Purchaser confirms that it has not relied on the advice of any other Purchaser’s business
    and/or legal counsel in making such decision. Such Purchaser has not relied on the business or legal advice of the Company
    or any of its agents, counsel or Affiliates in making its investment decision hereunder, and confirms that none of such Persons
    has made any representations or warranties to such Purchaser in connection with the transactions contemplated by the Transaction
    Documents.

 

	5.	Miscellaneous

 

	 	(a)	Confidentiality.
    The Purchaser covenants and agrees that it will keep confidential and will not disclose or divulge any confidential or
    proprietary information that such Purchaser may obtain from the Company pursuant to financial statements, reports, and other
    materials submitted by the Company to such Purchaser in connection with this offering or as a result of discussions with or
    inquiry made to the Company, unless such information is known, or until such information becomes known, to the public through
    no action by the Purchaser; provided, however, that a Purchaser may disclose such information (i) to its attorneys, accountants,
    consultants, and other professionals to the extent necessary in connection with his or her investment in the Company so long
    as any such professional to whom such information is disclosed is made aware of the Purchaser’s obligations hereunder
    and such professional agrees to be likewise bound as though such professional were a party hereto, (ii) if such information
    becomes generally available to the public through no fault of the Purchaser, or (iii) if such disclosure is required by applicable
    law or judicial order.

 

    	 	 	 

    	 

    

 

	 	(b)	Successors.
    The covenants, representations and warranties contained in this Agreement shall be binding on the Purchaser’s and
    the Company’s heirs and legal representatives and shall inure to the benefit of the respective successors and assigns
    of the Company. The rights and obligations of this Subscription Agreement may not be assigned by any party without the prior
    written consent of the other party.
	 	 	 
	 	(c)	Counterparts.
    This Agreement may be executed in counterparts, each of which shall be deemed an original agreement, but all of which
    together shall constitute one and the same instrument.
	 	 	 
	 	(d)	Execution
    by Facsimile. Execution and delivery of this Agreement by facsimile transmission (including the delivery of documents
    in Adobe PDF format) shall constitute execution and delivery of this Agreement for all purposes, with the same force and effect
    as execution and delivery of an original manually signed copy hereof.
	 	 	 
	 	(e)	Governing
    Law and Jurisdiction. This Agreement shall be governed by and construed in accordance with the laws of the State of Nevada
    applicable to contracts to be wholly performed within such state and without regard to conflicts of laws provisions. Any legal
    action or proceeding arising out of or relating to this Subscription Agreement and/or the Offering Documents may be instituted
    in the courts of the State of Nevada sitting in Nevada County, and the parties hereto irrevocably submit to the jurisdiction
    of each such court in any action or proceeding. Purchaser hereby irrevocably waives and agrees not to assert, by way of motion,
    as a defense, or otherwise, in every suit, action or other proceeding arising out of or based on this Subscription Agreement
    and/or the Offering Documents and brought in any such court, any claim that Purchaser is not subject personally to the jurisdiction
    of the above named courts, that Purchaser’s property is exempt or immune from attachment or execution, that the suit,
    action or proceeding is brought in an inconvenient forum or that the venue of the suit, action or proceeding is improper.
	 	 	 
	 	(f)	Notices.
    All notices, requests, demands, claims and other communications hereunder shall be in writing and shall be delivered by
    certified or registered mail (first class postage pre-paid), guaranteed overnight delivery, or facsimile transmission if such
    transmission is confirmed by delivery by certified or registered mail (first class postage pre-paid) or guaranteed overnight
    delivery, to the following addresses and facsimile numbers (or to such other addresses or facsimile numbers which such party
    shall subsequently designate in writing to the other party):

 

		(i)	if
                                         to the Company:

 

AGILITY
HEALTH & WELLNESS CORPORATION

Attn:
CHAN KAM WUN

RM
G, 10/F,

EVEREST
IND CENTRE,

396
KWUN TONG RD,

KWUN
TONG,HONG KONG

 

		(ii)	if
                                         to the Purchasers:

 

To
the addresses set forth on the signature pages.

 

	 	(g)	Entire
    Agreement. This Agreement (including the Exhibits attached hereto) and other Transaction Documents delivered at the Closing
    pursuant hereto, contain the entire understanding of the parties in respect of its subject matter and supersede all prior
    agreements and understandings between or among the parties with respect to such subject matter. The Exhibits constitute a
    part hereof as though set forth in full above.
	 	 	 
	 	(h)	Amendment;
    Waiver. This Agreement may not be modified, amended, supplemented, canceled or discharged, except by written instrument
    executed by the Company and the Purchasers of not less than a majority of the principal amount of the Notes. No failure to
    exercise, and no delay in exercising, any right, power or privilege under this Agreement shall operate as a waiver, nor shall
    any single or partial exercise of any right, power or privilege hereunder preclude the exercise of any other right, power
    or privilege. No waiver of any breach of any provision shall be deemed to be a waiver of any proceeding or succeeding breach
    of the same or any other provision, nor shall any waiver be implied from any course of dealing between the parties. No extension
    of time for performance of any obligations or other acts hereunder or under any other agreement shall be deemed to be an extension
    of the time for performance of any other obligations or any other acts. The rights and remedies of the parties under this
    Agreement are in addition to all other rights and remedies, at law or equity, that they may have against each other.

 

	 	(i)	Severability.
    If any provision of this Agreement is held to be invalid or unenforceable in any respect, the validity and enforceability
    of the remaining terms and provisions of this Agreement shall not in any way be affected or impaired thereby and the parties
    will attempt to agree upon a valid and enforceable provision that is a reasonable substitute therefore, and upon so agreeing,
    shall incorporate such substitute provision in this Agreement.

 

[SIGNATURE
PAGE FOLLOWS]

 

    	 	 	 

    	 

    

 

IN
WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed as of the day and year first above written.

 

	COMPANY:	AGILITY
    HEALTH & WELLNESS CORPORATION
	 	 	 
	 	By:	 
	 	Name:	CHAN
KAM WUN
	 	Title:	Director

 

	PURCHASER:	 
	 	Name:
    [Name of Purchaser]
	 	 

        Address:

         

        [Address
        of Purchaser]

         

        Telephone
        and Email:

         

	 	[Telephone
        of Purchaser]

        [Email
        of Purchaser]

        

 

    	 	 	 

    	 

    

 

Exhibit
A

 

CONVERTIBLE
PROMISSORY NOTE

 

For
Non-U.S. Investors:

 

[THESE
SECURITIES WERE ISSUED IN AN OFFSHORE TRANSACTION TO PERSONS WHO ARE NOT U.S. PERSONS (AS DEFINED IN REGULATION S) PURSUANT TO
REGULATION S PROMULGATED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”). ACCORDINGLY,
NONE OF THE SECURITIES REPRESENTED HEREBY HAVE BEEN REGISTERED UNDER THE SECURITIES ACT, OR ANY U.S. STATE SECURITIES LAWS, AND,
UNLESS SO REGISTERED, NONE MAY BE OFFERED OR SOLD IN THE UNITED STATES OR, DIRECTLY OR INDIRECTLY, TO U.S. PERSONS EXCEPT PURSUANT
TO AN EFFECTIVE REGISTRATION STATEMENT OR PURSUANT TO AN EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION
REQUIREMENTS OF THE SECURITIES ACT, AND IN EACH CASE ONLY IN ACCORDANCE WITH APPLICABLE STATE SECURITIES LAWS. IN ADDITION, HEDGING
TRANSACTIONS INVOLVING THE SECURITIES MAY NOT BE CONDUCTED UNLESS IN ACCORDANCE WITH THE SECURITIES ACT.]

 

AGILITY
HEALTH & WELLNESS CORPORATION

 

(A
Nevada Corporation)

 

CONVERTIBLE
PROMISSORY NOTE

 

DUE
[Maturity Date]

 

	Original
    Issuance Date: [Agreement Date]	US$[Principal
        amount]

        

 

FOR
VALUE RECEIVED, Agility Health & Wellness Corporation, a Nevada corporation (the “Company”), hereby
unconditionally promises to pay to [Name of Purchaser] (together with its registered assigns, the “Holder”)
on [Maturity Date] (the “Maturity Date”) the principal sum of [Principal amount in English] UNITED STATES DOLLAR
(U.S.$ [Principal amount in Number]) (the “Principal”), and to pay to the Holder interest on the unpaid principal
amount of this Note as provided in Article I hereof.

 

ARTICLE
I

 

Section
1.1          Definitions. The following terms shall have the meanings set forth below:

 

“Business
Day” means a day other than Saturday, Sunday or any day on which banks located in the Hong Kong Special Administrative
Region are authorized or obligated to close.

 

“Conversion
Price” means $[Conversion Price] per share.

 

“Dollars”
and “$” means lawful money of the United States of America.

 

“Note”
means this Convertible Promissory Note of the Company issued to the Holder, as modified and supplemented and in effect from time
to time.

 

“Person”
means any person or entity of any nature whatsoever, specifically including an individual, a firm, a company, a corporation, a
partnership, a limited liability company, a trust or other entity.

 

“Stock”
means the Company’s $0.0001 par value per share common stock.

 

    	 	 	 

    	 

    

 

“Equity
Securities” means the Company’s Common Stock or Preferred Stock, or any securities conferring the right to purchase
the Company’s Common Stock or Preferred Stock, or securities convertible into, or exchangeable for (with or without additional
consideration), the Company’s Common Stock or Preferred Stock, except that such defined term shall not include any security
granted, issued and/or sold by the Company to any employee, director or consultant in such capacity.

 

ARTICLE
II

 

Section
2.1           Principal. Subject to Section 5.1 herein, the entire unpaid principal amount of this Note shall be paid on the
Maturity Date. Promptly following the payment in full of this Note, the Holder shall surrender this Note to the Company for cancellation.

 

Section
2.2           Interest. Interest shall accrue on the daily unpaid principal amount of this Note, for each day during the period from
and including the date hereof (the “Commencement Date”) to but excluding the date such Note shall be paid in full,
at a rate of twelve percent (12%) per annum (the “Interest Rate”) and will be payable quarterly. Interest shall be
computed on the basis of a 360-day year consisting of twelve 30-day months.

 

ARTICLE
III

 

Section
3.1           Payments Generally. The payments of principal and interest to be made by the Company in respect of this Note shall be
made in Dollars by delivery to the Holder, at the address the Holder provides to the Company, not later than 12:00 noon Hong Kong
time on the date on which such payment shall be due and the Company received the principal respectively. If the due date of any
payment in respect of this Note would otherwise fall on a day that is not a Business Day, such due date shall be extended to the
next succeeding Business Day. All payments by the Company under this Note will be made without setoff or counterclaim and free
and clear of, and without deductions for, any taxes, fees or other expenses or claims of any kind.

 

Section
3.2           Prepayments. At any time, and from time to time, the Company may, at its option, prepay this Note (in an amount up to
but not exceeding the unpaid principal amount hereof) in whole or in part without premium or penalty. The Company should give
not less than 10 Business Days prior notice in writing to the Holder of its intention to make the repayment (“Notice period”).

 

ARTICLE
IV

 

Section
4.1           Conversion Procedure. To convert this Note pursuant to this Article IV, the Holder must (i) complete and sign the “Form
of Election to Convert” (ii) complete and sign subscription documents reasonably requested by the Company and (iii) if the
conversion is of the entire unpaid principal of, and interest on, this Note, then surrender this Note to the Company. As promptly
as practicable after delivery of an Election to Convert, the Company shall issue and deliver to Holder, a certificate or certificates
for the full number of whole Shares issuable upon the conversion of this Note in accordance with the provisions of this Article
IV.

 

Section
4.2          Investment Representations. This Note has been issued subject to certain investment representations of the original
Holder set forth in the Securities Purchase Agreement and may be transferred or exchanged only in compliance with the Securities
Purchase Agreement and applicable federal and state securities laws and regulations.

 

Section
4.3         Reservation of Shares; Shares to be Fully Paid. The Company shall reserve, out of its authorized but unissued Shares,
sufficient Shares to provide for the conversion of the entire Note. The Company covenants that all Shares which may be issued
upon conversion of this Note will, upon issuance, be duly authorized, validly issued, fully paid and nonassessable and free from
all taxes, liens and charges with respect to the issuance and delivery thereof.

 

ARTICLE
V

 

Section
5.1           Event of Default. “Event of Default”, wherever used herein, means any one of the following events (whatever
the reason for such Event of Default and whether it shall be voluntary or involuntary or be effected by operation of law or pursuant
to any judgment, decree or order of any court or any order, rule or regulation of any administrative or governmental body):

 

    	 	 	 

    	 

    

 

(a)         
default in the payment of the outstanding principal amount of this Note at its Maturity Date; or

 

(b)         
the entry of a decree or order by a court having jurisdiction in the premises adjudging the Company a bankrupt or insolvent, or
approving as properly filed a petition seeking reorganization, arrangement, adjustment or composition of or in respect of the
Company under Federal bankruptcy law or any other applicable Federal or state law, or appointing a receiver, liquidator, assignee,
trustee, sequestrator or other similar official of the Company or of any substantial part of the property of the Company, or ordering
the winding up or liquidation of the affairs of the Company; or

 

(c)         
the institution by the Company of proceedings to be adjudicated a bankrupt or insolvent, or the consent by the Company to the
institution of bankruptcy or insolvency proceedings against it, or the filing by the Company of a petition or answer or consent
seeking reorganization or relief under Federal bankruptcy law or any other applicable Federal or state law, or the consent by
the Company to the filing of such petition or to the appointment of a receiver, liquidator, assignee, trustee, sequestrator or
similar official of the Company or of any substantial part of the property of the Company, or the making by the Company of an
assignment for the benefit of creditors, or the admission by the Company in writing of its inability to pay its debts generally
as they become due, or the taking of corporate action by the Company in furtherance of any such action.

 

Section
5.2           Acceleration of Note. If an Event of Default occurs and is continuing, then and in every such case the Holder may declare
the outstanding principal amount of this Note to be due and payable immediately, by a notice in writing to the Company, and upon
any such declaration such principal shall become immediately due and payable. Notwithstanding the foregoing, if an Event of Default
referenced in paragraph (b) or paragraph (c) of Section 5.1 occurs, the outstanding principal amount of this Note shall
automatically become due and payable immediately without any declaration or other action on the part of the Holder. At any time
after the outstanding principal amount of this Note shall become immediately due and payable and before a judgment or decree for
payment of the money due has been obtained, the Holder, by written notice to the Company, may rescind and annul any acceleration
and its consequences.

 

ARTICLE
VI

 

Section
6.1           Governing Law; Jurisdiction. This Note shall be governed by, and construed in accordance with, the laws of the State of
Nevada, without regard to the conflicts of laws provisions thereof. The Company hereby irrevocably and unconditionally submits,
for itself and its property, to the nonexclusive jurisdiction of the Courts of the State of Nevada in any action or proceeding
arising out of or relating to this Note, or for recognition or enforcement of any judgment, and hereby irrevocably and unconditionally
agrees that all claims in respect of any such action or proceeding may be heard and determined in the State of Nevada. The Company
hereby agrees that a final judgment in any such action or proceeding shall be conclusive and may be enforced in other jurisdictions
by suit on the judgment or in any other manner provided by law. The Company hereby irrevocably and unconditionally waives, to
the fullest extent it may legally and effectively do so, any objection which it may now or hereafter have to the laying of venue
of any suit, action or proceeding arising out of or relating to this Note in any court referred to above, and hereby irrevocably
waives, to the fullest extent permitted by law, the defense of an inconvenient forum to the maintenance of such action or proceeding
in any such court. The Company irrevocably consents to service of process in the manner provided for notices below. Nothing in
this Agreement will affect the right of the Holder to serve process in any other manner permitted by law.

 

Section
6.2           Investment Representations. This Note has been issued subject to certain investment representations of the original
Holder set forth in the Securities Purchase Agreement and may be transferred or exchanged only in compliance with the Securities
Purchase Agreement and applicable federal and state securities laws and regulations.

 

Section
6.3           Successors. All agreements of the Company in this Note shall bind its successors and permitted assigns. This Note shall
inure to the benefit of the Holder and its permitted successors and assigns. The Company shall not delegate any of its obligations
hereunder without the prior written consent of Holder.

 

    	 	 	 

    	 

    

 

Section
6.4           Amendment, Modification or Waiver. No provision of this Note may be amended, modified or waived except by an instrument
in writing signed by the Company and the Holder.

 

Section
6.5           Legend. This Note, and any note issued in exchange or substitution for this Note, shall bear the legend appearing on the
first page hereof.

 

Section
6.6           Delay or Omission Not Waiver. No failure or delay on the part of the Holder in the exercise of any power, right, or privilege
hereunder shall operate as a waiver thereof, nor shall any single or partial exercise of any such power, right or privilege preclude
other or further exercise thereof or of any right, power or privilege. All rights and remedies existing hereunder are cumulative
to, and not exclusive of, any rights or remedies otherwise available.

 

[Signature
Page Follows]

 

    	 	 	 

    	 

    

 

IN
WITNESS WHEREOF, the Company has caused this Note to be duly executed by an authorized officer thereof as of the date and year
first above written.

 

	 	AGILITY
    HEALTH & WELLNESS CORPORATION
	 	 

        
	
	 	By:	 
	 	Name:	Chan
Kam Wun
	 	Title:	Director

 

    	 	 	 

    	 

    

 

NOTICE
OF ELECTION TO CONVERT

 

(To
be Executed by the Registered Holder in order to Convert the Note)

 

The
undersigned holder hereby irrevocably elects to convert $_________ of the principal of the Note into ____________ shares of common
stock of AGILITY HEALTH & WELLNESS CORPORATION (the “Company”) pursuant to the Convertible Promissory Note issued
by the Company due _____________ according to the conditions set forth in said note and as of the date set forth below.

 

Date
of Conversion:

 

Signature:

 

Name:
___________________

 

ID
No: ___________________

 

Address:
__________________________________________________________________PAG_Exh_101_Agreement_of_Purchase

		
			Exhibit 10.1
		

		
			Execution Version
		

		
			 
		

		
			AGREEMENT OF PURCHASE AND SALE
		

		
			dated as of September 7, 2017
		

		
			by and among
		

		
			GE CAPITAL TRUCK LEASING HOLDING LLC, and
		

		
			GENERAL ELECTRIC CREDIT CORPORATION OF TENNESSEE,
as Sellers,
		

		
			and
		

		
			PENSKE AUTOMOTIVE GROUP, INC.,
as Purchaser
		

		
			 
		

		
			
		

		
			

		 

		

			

		

		

			 

		

 

		

		
			 
		

		
			AGREEMENT OF PURCHASE AND SALE
		

		
			This Agreement of Purchase and Sale, dated as of September 7, 2017 (as amended, restated, supplemented or otherwise modified from time to time in accordance with the terms hereof, this “Agreement”), is by and among GE Capital Truck Leasing Holding LLC, a Delaware limited liability company (“GE Capital Truck”), General Electric Credit Corporation of Tennessee, a Tennessee corporation (“GE Tennessee” and, together with GE Capital Truck, the “Sellers” and each a “Seller”), and Penske Automotive Group, Inc., a Delaware corporation (“Purchaser”).  The Sellers and Purchaser are sometimes referred to herein individually as a “Party” and collectively as the “Parties”.
		

		
			WHEREAS, the Sellers collectively own 15.5% of the issued and outstanding Partnership Interests in Penske Truck Leasing Co., L.P., a Delaware limited partnership (the “Partnership”); 
		

		
			WHEREAS, on the date hereof, Purchaser desires to purchase from the Sellers, and the Sellers desire to sell to Purchaser, the Purchased Interests set forth opposite each Seller’s name on Exhibit A attached hereto (representing, in the aggregate, 5.5% of the outstanding Partnership Interests in the Partnership), upon the terms and subject to the conditions set forth in this Agreement; 
		

		
			WHEREAS, concurrently with the execution and delivery of this Agreement and the consummation of the Closing (as defined herein) on the date hereof, GE Capital Global Holdings, LLC has executed and delivered to Purchaser a guaranty of performance of the obligations of the Sellers under this Agreement;
		

		
			WHEREAS, concurrently with the execution and delivery of this Agreement, and in connection with the Closing and the MBK USA CV Closing, the Sellers and MBK USA Commercial Vehicles Inc., a Delaware corporation (“MBK USA CV”) are entering into an Agreement of Purchase and Sale, dated as of the date hereof, pursuant to which MBK USA CV shall purchase from the Sellers, and the Sellers shall sell to MBK USA CV, the remaining 10% of the outstanding Partnership Interests in the Partnership collectively owned by the Sellers (the “MBK USA CV Purchase Agreement”); and 
		

		
			WHEREAS, concurrently with the execution and delivery of this Agreement, and in connection with the Closing, the Parties, the other Partners under (and as defined in) the Existing Partnership Agreement and the Partnership are entering into a Cooperation Agreement (the “Cooperation Agreement”) and Purchaser and each of the other Partners other than the Sellers (except for GE Tennessee which shall be party solely for purposes of Section 6.9 thereof) and the Partnership are entering into a Seventh Amended and Restated Limited Partnership Agreement of the Partnership, in each case, dated as of the date hereof.  
		

		
			NOW, THEREFORE, in consideration of the mutual agreements, covenants, representations, warranties and indemnities contained in this Agreement, Purchaser and each Seller hereby agree as follows:
		

		
			

		 

		

			2

		

 

		

		
			ARTICLE I

DEFINITIONS
		

		
			For purposes of this Agreement, the following terms shall have the respective meanings set forth below:
		

		
			“Actions or Proceedings” has the meaning as defined in Section 8.9.
		

		
			“Affiliate” means, with respect to any Person, any other Person that, directly or indirectly through one or more intermediaries, controls, or is controlled by, or is under common control with, such Person, and the term “control” (including the terms “controlled by” and “under common control with”) means the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of such Person, whether through ownership of voting securities, by Contract or otherwise; provided,  however, that, for purposes of this Agreement and the Transaction Documents, no Seller shall be deemed to be an Affiliate of the Partnership, or any Partner (as defined in the Existing Partnership Agreement), other than the other Sellers.
		

		
			“Agreement” has the meaning as defined in the preamble.
		

		
			“Approvals” means, with respect to any Purchased Interest, all Consents required pursuant to the terms of the Existing Partnership Agreement with respect to the transactions contemplated by this Agreement and the admission of Purchaser as a limited partner with respect to the Purchased Interests.
		

		
			“Assignment Agreement” means that certain Assignment Agreement, dated as of the date hereof, by and between the Sellers and Purchaser.   
		

		
			“Business Day” means any day other than a Saturday, a Sunday or a day on which banking institutions in New York, New York, are authorized or obligated by Law to be closed.
		

		
			“Closing” has the meaning as defined in Section 6.1.
		

		
			“Closing Date” has the meaning as defined in Section 6.1.
		

		
			“Code” means the United States Internal Revenue Code of 1986, as amended. 
		

		
			“Consent” means any consent, approval, authorization or waiver.
		

		
			“Contract” means any legally binding: contract, indenture, note, bond, lease, license, instrument, agreement, mortgage, option, warranty, purchase order, insurance policy or benefit plan, or other commitment, whether written or oral.
		

		
			“Controlling Party” has the meaning as defined in Section 7.4(b).
		

		
			“Dispute Notice” has the meaning as defined in Section 2.4(b).
		

		
			

		 

		

			3

		

 

		

		
			“E&Y” has the meaning as defined in Section 2.4(c).
		

		
			“Effective Time” means 12:01 a.m. Eastern Time on the Closing Date.
		

		
			“Existing Partnership Agreement” means the Sixth Amended and Restated Agreement of Limited Partnership of the Partnership entered into on and as of July 27, 2016.  
		

		
			“Final Purchase Price” means an amount in U.S. Dollars equal to the Initial Purchase Price, as adjusted in accordance with the provisions of Sections 2.4 and 2.5.
		

		
			“Final Purchase Price Statement” means a written statement (a) setting forth the Final Purchase Price and (b) indicating any changes to the Initial Purchase Price Statement, as finally determined in accordance with Section 2.4.
		

		
			“GAAP” means generally accepted accounting principles in the United States determined in a manner consistent with past practice of the Partnership.
		

		
			“GE Capital Truck” has the meaning as defined in the preamble.
		

		
			“GE Tennessee” has the meaning as defined in the preamble.  
		

		
			“Government Authority” means any U.S. federal, state or local or any supra-national or non-U.S. government, political subdivision, governmental, regulatory or administrative authority, instrumentality, agency, body or commission, self-regulatory organization or any court, tribunal, or judicial or arbitral body.
		

		
			“Indemnified Party” has the meaning as defined in Section 7.4(a).
		

		
			“Indemnifying Party” has the meaning as defined in Section 7.4(a).
		

		
			“Independent Accounting Firm” has the meaning as defined in Section 2.4(c).
		

		
			“Initial Purchase Price” means an amount in U.S. Dollars equal to the sum of (x) $234,193,548 plus (y) the Partnership’s good faith estimate of the Partnership Net Income Amount, as notified to the Sellers and Purchaser pursuant to Section 2.3.
		

		
			“Initial Purchase Price Statement” means the Partnership’s good faith estimate of the Initial Purchase Price, described in accordance with Section 2.3 hereof. 
		

		
			“Interim Period” means the period commencing on the opening of business on July 1, 2017 and ending on (and excluding) the Closing Date.
		

		
			“Interim Period Distributions” means the sum of (i) the aggregate amount of any Preliminary Distributions made pursuant to Section 5.1(a) of the Existing Partnership Agreement (as defined therein), plus (ii) the aggregate amount of any discretionary special distributions made pursuant to Section 5.1(c) of the Existing Partnership Agreement, in the case of each of clauses (i) and (ii), solely to the extent the same are distributions of Net Income for, and with respect to, the Interim Period.
		

		
			

		 

		

			4

		

 

		

		
			 “Law” means any U.S. federal, state, local or non-U.S. statute, law, ordinance, regulation, rule, code, order or other requirement or rule of law (including common law).
		

		
			“Liability” or “Liabilities” means any liability, debt, guarantee, claim, demand, expense, commitment or obligation (whether direct or indirect, absolute or contingent, accrued or unaccrued, liquidated or unliquidated, or due or to become due) of every kind and description, including all costs and expenses related thereto.
		

		
			“Lien” means any lien, mortgage, pledge, claim, security interest, encumbrance, charge, option, right of first refusal, proxy, voting trust or agreement, restriction or limitation of any kind, whether arising by agreement, operation of law or otherwise.
		

		
			“Losses” means all losses, damages, costs, expenses, and Liabilities actually suffered or incurred and paid (including reasonable attorneys’ fees).
		

		
			“MBK USA CV Closing” means the closing of the transactions as contemplated by the MBK USA CV Purchase Agreement.
		

		
			“MBK USA CV Purchase Agreement”  has the meaning as defined in the recitals. 
		

		
			“Net Income” means, for any specified period, the consolidated net income of the Partnership and its Subsidiaries (which may be positive or negative), determined on a consolidated basis in accordance with GAAP and in a manner consistent with past practice of the Partnership. For the avoidance of doubt, the consolidated net income for the period covered in any of the Partnership Financial Statements is reflected therein as “Net Earnings” of the Partnership and its Subsidiaries.
		

		
			“Order” means any order, writ, judgment, injunction, temporary restraining order, decree, stipulation, determination or award entered by or with any Government Authority.
		

		
			“Organizational Documents” means (i) any certificate, articles or memorandum filed with any state or country or other jurisdiction which filing forms a Person and (ii) all agreements, documents or instruments governing the internal affairs of a Person, including such Person’s by-laws, codes of regulations, partnership or limited partnership agreements, limited liability company agreements and operating agreements.
		

		
			“Parties” has the meaning as defined in the preamble.
		

		
			“Partnership”  has the meaning as defined in the recitals.
		

		
			“Partnership Interests”  has the meaning set forth in the Existing Partnership Agreement.
		

		
			“Partnership Financial Statements”  means the financial statements of the Partnership provided pursuant to Section 2.02(a)(x) of the Cooperation Agreement.
		

		
			“Partnership Net Income Amount” means (i) 5.5% of the Net Income for the Interim Period,  minus  (ii) the aggregate amount (if any) of 5.5% of the Interim Period 

		 

		

			5

		

 

Distributions.  For the avoidance of doubt, for purposes of the Final Purchase Price Statement, the Net Income for the portion of the month of the Closing included in the Interim Period shall be equal to (A) the Net Income for the month of the Closing, multiplied by (B) a fraction the numerator of which is the number of calendar days of the month of the Closing that are included in the Interim Period and the denominator of which is the total number of calendar days in the month of the Closing.
		

		
			“Permits” means all permits, licenses, Consents, registrations, concessions, grants, franchises, certificates, identification numbers, exemptions, waivers, and filings issued or required by any Government Authority under applicable Law.
		

		
			“Person” means any individual, corporation, partnership, limited liability company, joint venture, association, joint-stock company, trust, unincorporated organization or Government Authority.
		

		
			“Preliminary Distributions”  has the meaning as defined in the Existing Partnership Agreement. 
		

		
			“Purchase Price Statements” means the Initial Purchase Price Statement and the Final Purchase Price Statement. 
		

		
			“Purchased Interests” means the limited partnership interests in the Partnership set forth on Exhibit A attached hereto.
		

		
			“Purchaser” has the meaning as defined in the preamble.
		

		
			“Purchaser Indemnified Parties” has the meaning as defined in Section 7.2(a).
		

		
			“Purchaser’s Knowledge” means the actual knowledge of J. D. Carlson as of the date hereof.  
		

		
			“PwC” has the meaning as defined in Section 2.4(c).
		

		
			“Registration Rights Agreement” means the Amended and Restated Registration Rights Agreement, dated March 18, 2015, by and among the Partnership, Penske Truck Leasing Corporation, PTL GP, LLC, Purchaser, MBK USA CV, MBK Commercial Vehicles Inc., and the Sellers.  
		

		
			“Representative” means, with respect to any Person, any officer, director, principal, manager, member, attorney, accountant, agent, employee, consultant, financial advisor or other authorized representative of such Person, in each case, in such capacity with respect to such Person.
		

		
			“Resolution Period” has the meaning as defined in Section 2.4(b).
		

		
			“Retained Rights” means the rights of any Seller to the Interim Period Distributions actually paid to and received by the Sellers prior to the date hereof.
		

		
			

		 

		

			6

		

 

		

		
			“Review Period” has the meaning as defined in Section 2.4(a).
		

		
			“Seller Indemnified Parties” has the meaning as defined in Section 8.3.
		

		
			“Sellers’ Knowledge” means the actual knowledge of Trevor Schauenberg and Mandeep Johar.
		

		
			“Sellers” has the meaning as defined in the preamble.
		

		
			“Subsidiaries”  of any specified entity means any other entity (a) of which such first entity owns (either directly or through one or more other Subsidiaries) (i) at least a majority of the outstanding equity securities or (ii) equity interests or securities carrying a majority of the voting power to elect a majority of the board of directors or other governing body of such entity or (b) which such first entity contractually or otherwise controls.
		

		
			“Tax” means: (a) any income, gross or net receipts, real or personal property, sales, use, capital gain, transfer, excise, estimated, license, production, franchise, employment, social security, occupation, payroll, registration, governmental pension or insurance, withholding, royalty, severance, stamp or documentary, value added, business or occupation or other tax, charge, assessment, duty, levy, fee or similar governmental charge of any kind (including any interest, additions to tax, or civil or criminal penalties thereon) of any country or any jurisdiction therein; (b) any liability for the payment of any amounts of the type described in clause (a) of this definition arising as a result of being (or ceasing to be) a member of any affiliated group (or being included (or required to be included) in any tax return relating thereto); or (c) any liability for the payment of any amounts of the type described in clause (a) of this definition as a result of any express or implied obligation to indemnify or otherwise assume or succeed to the liability of any other Person, arising under law, by contract or otherwise.
		

		
			“Tax Return” means any return, declaration, report, claim for refund, or information return or statement or other form required to be supplied to a Government Authority in connection with Taxes, including any schedule or attachment thereto, and including any amendment thereof. 
		

		
			“Third Party Claim” has the meaning as defined in Section 7.4(a).
		

		
			“Transaction Documents” means the Assignment Agreement and the Cooperation Agreement.
		

		
			“Transaction Material Adverse Effect” means a material impairment of the ability of Purchaser to perform its material obligations under this Agreement or to consummate the transactions contemplated by this Agreement and the Transaction Documents.
		

		
			“Transfer Restrictions” means any restriction on the sale, assignment, transfer or other disposition of a Purchased Interest (including the creation of a Lien (as defined in the Existing Partnership Agreement)) that arises out of or is based on, (i) the Existing Partnership Agreement or applicable securities or blue sky Laws, or (ii) any Contracts to which Purchaser is a party or bound, or any Laws to which Purchaser is subject, including any Liens created by or through Purchaser.
		

		
			

		 

		

			7

		

 

		

		
			1.1Other Definitional and Interpretive Matters.  Unless otherwise expressly provided, for purposes of this Agreement, the following rules of interpretation shall apply:
		

		
			Subsidiaries.  For preclusion of doubt, the Partnership and its Subsidiaries shall not be deemed to be Subsidiaries or Affiliates of General Electric Company, the Sellers or any of their respective Subsidiaries for purposes of this Agreement.
		

		
			Exhibits/Schedules.  The Exhibits and Schedules are hereby incorporated herein and made a part hereof and are an integral part of this Agreement.  Any capitalized terms used in any Exhibit or in any Schedules but not otherwise defined therein shall be defined as set forth in this Agreement.
		

		
			Gender and Number.  Any reference in this Agreement to gender shall include all genders, and words imparting the singular number only shall include the plural and vice versa.
		

		
			Headings.  The division of this Agreement into Articles, Sections and other subdivisions and the insertion of headings are for convenience of reference only and shall not affect or be utilized in construing or interpreting this Agreement.  All references in this Agreement to any “Section” are to the corresponding Section of this Agreement unless otherwise specified.
		

		
			Herein.  The words such as “herein,” “hereinafter,” “hereof,” and “hereunder” refer to this Agreement as a whole and not merely to a subdivision in which such words appear unless the context otherwise requires.
		

		
			Including.  The word “including” or any variation thereof means (unless otherwise specified) “including, without limitation,” and shall not be construed to limit any general statement that it follows to the specific or similar items or matters immediately following it.
		

		
			 
		

		
			ARTICLE II

PURCHASE AND SALE OF PURCHASED
INTERESTS; ASSUMPTION OF OBLIGATIONS
		

		
			2.1Purchase and Sale of Purchased Interests.  Upon the terms and subject to the conditions set forth in this Agreement, at the Closing, the Sellers shall sell, assign, transfer and deliver to Purchaser, and Purchaser shall purchase and acquire from each Seller, all of such Seller’s right, title and interest in and to the Purchased Interests, free and clear of all Liens other than any Transfer Restrictions (it being agreed that in no event are the Sellers’ transferring to Purchaser hereunder any Retained Rights).    
		

		
			2.2Purchase Price.    In consideration for the Purchased Interests being transferred to Purchaser pursuant to Section 2.1, Purchaser shall pay to GE Capital Truck, for the benefit of the Sellers, an amount equal to the Final Purchase Price.
		

		
			

		 

		

			8

		

 

		

		
			2.3Initial Purchase Price Statement.  On or prior to the Closing Date, the Partnership has delivered to the Sellers and Purchaser the Initial Purchase Price Statement setting forth the Partnership’s good faith estimate of the Initial Purchase Price, including a statement therein setting forth the estimated Partnership Net Income Amount.  Solely for purposes of the Partnership’s good faith determination of the estimated Initial Purchase Price and estimated Partnership Net Income Amount as set forth in the Initial Purchase Price Statement, the Net Income for the month immediately prior to Closing will be deemed to be the Net Income for the month of Closing.
		

		
			2.4Final Purchase Price Calculation.
		

		
			(a)The Parties shall each have sixty (60) days (the “Review Period”) after the delivery by the Partnership of the actual Partnership Net Income Amount pursuant to Section 2.02(a)(y) of the Cooperation Agreement (the “Proposed Net Income Statement”).  During the Review Period, the Parties and their Representatives, subject to, and in accordance with, the terms of the Cooperation Agreement, may review the Partnership’s work papers, all books and records of the Partnership and its Affiliates relevant to the preparation of the Proposed Net Income Statement, and the work papers of the Partnership’s accountants relating to such accountants’ review of the Proposed Net Income Statement.
		

		
			(b)If either Party wishes to dispute any item set forth in the Proposed Net Income Statement, such Party shall, during the Review Period, deliver written notice to the other Party of the same, specifying in reasonable detail the basis for such dispute and such Party’s proposed modifications to the Proposed Net Income Statement (such notice, the “Dispute Notice”).  If any Dispute Notice is so delivered during the Review Period, following each delivery of a Dispute Notice until the 30th day immediately following the Review Period (the “Resolution Period”), the Sellers and Purchaser shall negotiate in good faith to reach an agreement as to any matters identified in such Dispute Notice as being in dispute, and, to the extent all such matters are so resolved within the Resolution Period, then the Proposed Net Income Statement as revised to incorporate such changes as have been agreed between the Sellers and Purchaser shall be conclusive and binding upon all Parties as the Final Purchase Price Statement.
		

		
			(c)If the Sellers and Purchaser fail to resolve all such matters in dispute within the Resolution Period, then (subject to the last sentence of Section 2.4(d)) any matters identified in any such Dispute Notice that remain in dispute following the expiration of the Resolution Period shall be finally and conclusively determined by PricewaterhouseCoopers LLP, a Delaware limited liability partnership (“PwC”), or if PwC is unable or unwilling to serve in such capacity, Ernst & Young LLP, a Delaware limited liability partnership (“E&Y”) (and if both PwC and E&Y are unable or unwilling to serve in such capacity, such other globally recognized accounting firm as shall be agreed upon in writing by Purchaser and the Sellers) (the “Independent Accounting Firm”).
		

		
			(d)The Sellers and Purchaser shall instruct the Independent Accounting Firm to promptly, but no later than forty (40) days after its acceptance of its appointment, determine (it being understood that in making such determination, the Independent Accounting Firm shall be functioning as an expert and not as an arbitrator), based solely on written presentations of the Sellers and Purchaser submitted to the Independent Accounting Firm and not by independent 

		 

		

			9

		

 

review, only those matters in dispute and shall render a written report setting forth its determination as to the disputed matters and the resulting calculations of the Final Purchase Price, which report and calculations shall be conclusive and binding upon all Parties absent manifest error.  A copy of all materials submitted to the Independent Accounting Firm pursuant to the immediately preceding sentence shall be provided by Purchaser or the Sellers, as applicable, to the other Party concurrently with the submission thereof to the Independent Accounting Firm.  In resolving any disputed item, the Independent Accounting Firm (i) shall be bound by the provisions of this Section 2.4(d) and Section 2.6 and (ii) may not assign a value to any item greater than the greatest value for such item claimed by the Sellers or Purchaser, or less than the smallest value for such item claimed by the Sellers or Purchaser.  If, before the Independent Accounting Firm renders its determination with respect to the disputed items in accordance with this Section 2.4(d), (x) Purchaser notifies the Sellers of its agreement with any items in the Proposed Net Income Statement or (y) the Sellers notify Purchaser of their agreement with any items in the Proposed Net Income Statement, then in each case, such items as so agreed shall be conclusive and binding on all Parties immediately upon such notice.
		

		
			(e)The fees and expenses of the Independent Accounting Firm shall be borne fifty percent (50%) by Purchaser and fifty percent (50%) by the Sellers.
		

		
			2.5Post-Closing Adjustment.  In the event that (i) the Final Purchase Price is greater than the Initial Purchase Price, Purchaser shall pay to GE Tennessee, for the benefit of the Sellers, an amount equal to such difference or (ii) the Initial Purchase Price is greater than the Final Purchase Price, GE Tennessee, on behalf of the Sellers, shall pay to Purchaser an amount equal to such difference. Any payment due under this Section 2.5 shall be paid by wire transfer of immediately available funds to an account designated by GE Tennessee to Purchaser, or an account designated by Purchaser to GE Tennessee, as applicable, within three Business Days after the date on which the Final Purchase Price Statement becomes conclusive and binding on the Parties in accordance with the provisions of Section 2.4.
		

		
			2.6Certain Calculation Principles.  The Purchase Price Statements shall be prepared and determined from the books and records of the Partnership (as provided or made available by the Partnership) in accordance with GAAP, consistent with past practice of the Partnership.
		

		
			ARTICLE III

REPRESENTATIONS AND WARRANTIES OF THE SELLERS
		

		
			Each Seller hereby represents and warrants to Purchaser, on a joint and several basis, as set forth below:
		

		
			3.1Organization, Authority; Binding Agreement.
		

		
			(a)Each Seller is duly organized, validly existing, and in good standing under the laws of its state of organization and has the requisite power and authority to own and hold its properties and to conduct its business as now owned, held, and conducted in its jurisdiction of organization and, in all material respects, in the other jurisdictions in which it is required to register 

		 

		

			10

		

 

or qualify to do business.  Each Seller has the requisite power and authority to enter into and to perform its obligations under this Agreement and the Transaction Documents to which it is a party.  The execution, delivery and performance by each Seller of this Agreement and the Transaction Documents to which it is a party have been duly authorized by all necessary action on the part of such Seller.
		

		
			(b)This Agreement has been, and each of the Transaction Documents to be executed and delivered by each Seller will be, duly executed and delivered by such Seller, and this Agreement is, and each of the Transaction Documents to be executed and delivered by such Seller, when duly executed and delivered by all parties whose execution and delivery thereof is required, shall be, the legal, valid, and binding obligations of such Seller, enforceable against such Seller in accordance with their respective terms, except to the extent that enforceability may be limited by bankruptcy, insolvency, fraudulent conveyance, receivership, moratorium, conservatorship, reorganization, or other laws of general application affecting the rights of creditors generally or by general principles of equity.
		

		
			3.2No Conflicts.  
		

		
			(a)Neither the execution and delivery of this Agreement or any Transaction Documents nor the consummation of the transactions contemplated hereby or thereby will (i) violate, breach, or be in conflict with any provisions of the Organizational Documents of any Seller, (ii) result in the creation or imposition of any Lien upon any property, rights or assets of any Seller, (iii) conflict with, result in a breach of, constitute a default under, result in the acceleration of, create in any party the right to accelerate, terminate, modify, or cancel, or require any notice under any Contract to which any Seller is a party or by which any Seller is bound or to which any of their respective properties or assets is subject, or (iv) violate any Law or Order of any Government Authority to which any Seller is subject, or by which any of their respective properties or assets is bound.
		

		
			(b)Except as obtained prior to the Effective Time by the Sellers,  no Consent, or Order of, or declaration or filing with, or notification to, any Government Authority is required on the part of any Seller in connection with the Sellers’ execution and delivery of this Agreement and the Transaction Documents, the compliance by the Sellers with any of the provisions hereof and thereof, or the consummation of the transactions contemplated hereby and thereby, except where the failure to obtain such Consent or Order, or to make such declaration, filing or notification, would not have, or would not reasonably be expected to have, a material adverse effect upon any Seller’s ability to consummate the transactions contemplated by this Agreement and the Transaction Documents.
		

		
			3.3Partnership Interests.  The Sellers own, of record and beneficially, the Partnership Interests, free and clear of all Liens other than any Transfer Restrictions.  On the terms and subject to the conditions contained in this Agreement, on the Closing Date, the Sellers shall transfer and deliver to Purchaser good and valid title to the Partnership Interests, free and clear of all Liens, other than any Transfer Restrictions.    
		

		
			3.4Agreements and Commitments.  Other than the Existing Partnership Agreement, the Registration Rights Agreement and this Agreement, no Seller is a party to any 

		 

		

			11

		

 

Contract with respect to the Purchased Interests.  No Seller is in default, and, to each Seller’s Knowledge, there is no basis for any valid claim against any Seller of default by such Seller, under the Existing Partnership Agreement.
		

		
			3.5Litigation.  As of the date hereof, there are no Actions or Proceedings pending or, to the Sellers’ Knowledge, threatened against any Seller, at law or in equity, before or by any Government Authority, which call into question the validity of, or which would reasonably be expected to prevent the consummation of, the transactions contemplated by this Agreement or the Transaction Documents.    
		

		
			3.6Access.  The Sellers have been provided full access to financial and other information about the Partnership’s business and have had the opportunity to ask questions of and receive answers from the Partnership’s management concerning the business and financial condition of the Partnership.  The Sellers have conducted their own investigation, to the extent that they determined necessary or desirable, regarding the Partnership and the transactions contemplated by this Agreement and the Transaction Documents, and have obtained sufficient information from such independent efforts, relating to both the Partnership and its business, to enable the Sellers to evaluate the economic merits and risks of the transactions contemplated by this Agreement and the Transaction Documents, including the sale by the Sellers of the Partnership Interests contemplated hereby, and the Sellers acknowledge that they have determined to enter into this Agreement and the Transaction Documents to which they are parties based on such investigation.  In deciding to enter into this Agreement and the Transaction Documents, the Sellers have not relied upon any representations of Purchaser, the Partnership or any other Person, other than those specifically set forth in this Agreement and the Transaction Documents, and the Sellers acknowledge that no oral representations have been made by Purchaser or the Partnership or any representative of any of them in connection with the transactions contemplated by this Agreement and the Transaction Documents.
		

		
			3.7Brokers and Finders.  Except as will be discharged in full by (and as will be the sole responsibility of) the Sellers, no person, firm, corporation or entity acting for or on behalf of the Sellers is or will be entitled to any broker’s or finder’s fee or any other commission or similar fee, directly or indirectly, from any parties in connection with any of the transactions contemplated by this Agreement or the Transaction Documents.
		

		
			3.8Withholding.  No withholding under Section 1445 of the Code will be required with respect to any payment made to any Seller pursuant to this Agreement or as a result of the sale of the Purchased Interests pursuant to this Agreement.
		

		
			 
		

		
			3.9No Implied Representations.  In entering into this Agreement, the Sellers have not been induced by and have not relied upon any representations, warranties or statements, whether express or implied, made by Purchaser or any Representative of Purchaser or by any broker or any other person representing or purporting to represent Purchaser, which are not expressly set forth in this Agreement or any Transaction Document or such other agreements, documents or instruments delivered in connection herewith or therewith, whether or not any such representations, warranties or statements were made in writing or orally.    It is understood that, except as otherwise set forth in the Transaction Documents, any cost or financial estimates or projections contained or referred to in this Agreement or which otherwise have been provided to 

		 

		

			12

		

 

the Sellers are not and shall not be deemed to be representations or warranties of Purchaser.  The Sellers acknowledge that (i) there are uncertainties inherent in attempting to make such estimates and projections, (ii) the Sellers are familiar with such uncertainties and, other than the representations and warranties set forth in the Transaction Documents, the Sellers are taking full responsibility for making their own evaluation of the adequacy and accuracy of all estimates and projections so furnished to it by Purchaser, and (iii) the Sellers shall have no claim against Purchaser or its Subsidiaries with respect thereto.
		

		
			3.10No Other Representations and Warranties.  Except for the representations and warranties expressly set forth in this Article III or in the Transaction Documents, none of the Sellers or any other Person has made, makes or shall be deemed to make any other representation or warranty of any kind whatsoever, express or implied, written or oral, at law or in equity, on behalf of any Seller or any of its Affiliates, including any representation or warranty regarding any Seller, the Purchased Interests of such Seller, or any assets or Liabilities of such Seller or any of its Affiliates, and each Seller hereby disclaims all other representations and warranties of any kind whatsoever, express or implied, written or oral, at law or in equity.
		

		
			ARTICLE IV

REPRESENTATIONS AND WARRANTIES OF PURCHASER
		

		
			Purchaser hereby represents and warrants to the Sellers as set forth below:
		

		
			4.1Organization; Authority; Binding Agreement.
		

		
			(a)Purchaser is duly organized, validly existing, and in good standing under the laws of its state of incorporation and has the requisite corporate power and authority to own and hold its properties and to conduct its business as now owned, held, and conducted in its jurisdiction of incorporation and, in all material respects, in the other jurisdictions in which it is required to register or qualify to do business.  Purchaser has the requisite power and authority to enter into and to perform its obligations under this Agreement and the Transaction Documents to which it is a party.  The execution, delivery and performance by Purchaser of this Agreement and the Transaction Documents to which it is a party have been duly authorized and approved by the Board of Directors of Purchaser, approved by the Special Committee of the Board of Directors of Purchaser, and approved by all other necessary corporate action on the part of Purchaser.
		

		
			(b)This Agreement has been, and each of the Transaction Documents to be executed and delivered by Purchaser will be, duly executed and delivered by Purchaser, and this Agreement is, and each of the Transaction Documents, when duly executed and delivered by all parties whose execution and delivery thereof is required, shall be, the legal, valid, and binding obligations of Purchaser, enforceable against Purchaser in accordance with their respective terms, except to the extent that enforceability may be limited by bankruptcy, insolvency, fraudulent conveyance, receivership, moratorium, conservatorship, reorganization, or other laws of general application affecting the rights of creditors generally or by general principles of equity.
		

		
			

		 

		

			13

		

 

		

		
			4.2No Conflicts.
		

		
			(a)Neither the execution and delivery of this Agreement or any Transaction Documents nor the consummation of the transactions contemplated hereby or thereby will (i) violate, breach, or be in conflict with any provisions of the Organizational Documents of Purchaser, (ii) result in the creation or imposition of any Lien upon any property, rights or assets of Purchaser, (iii) conflict with, result in a breach of, constitute a default under, result in the acceleration of, create in any party the right to accelerate, terminate, modify, or cancel, or require any notice under any Contract to which Purchaser is a party or by which Purchaser is bound or to which any of its properties or assets is subject, in each case, other than as would not reasonably be expected to result in a Transaction Material Adverse Effect, nor (iv) violate any Law or Order of any Government Authority to which Purchaser is subject, or by which any of its properties or assets is bound.
		

		
			(b)Except as obtained prior to the Effective Time by Purchaser,  no Consent, or Order of, or declaration or filing with, or notification to, any Government Authority is required on the part of Purchaser in connection with Purchaser’s execution and delivery of this Agreement and the Transaction Documents, the compliance by Purchaser with any of the provisions hereof and thereof, or the consummation of the transactions contemplated hereby and thereby, except where the failure to obtain such Consent or Order, or to make such declaration, filing or notification, would not have, or would not reasonably be expected to have, a Transaction Material Adverse Effect.
		

		
			4.3Purchase for Investment; Accredited Investor.  Purchaser is acquiring the Purchased Interests for Purchaser’s own account, for investment and not with a view to the distribution or resale thereof, except in compliance with the Securities Act of 1933, as amended, and applicable securities and blue sky Laws.  Purchaser has such knowledge and experience in financial and business matters and in making investments of the type contemplated by this Agreement that it is capable of evaluating the merits and risks of purchasing the Purchased Interests.  Purchaser is an “accredited investor” as defined in Rule 501(a) of Regulation D under the Securities Act of 1933, as amended.
		

		
			4.4Access.  Purchaser has been provided full access to financial and other information about the Partnership’s business and has had the opportunity to ask questions of and receive answers from the Partnership’s management concerning the business and financial condition of the Partnership.  Purchaser has conducted its own investigation, to the extent that it has determined necessary or desirable, regarding the Partnership and the transactions contemplated by this Agreement and the Transaction Documents, and has obtained sufficient information from such independent efforts, relating to both the Partnership and its business, to enable Purchaser to evaluate the economic merits and risks of the transactions contemplated by this Agreement and the Transaction Documents, including the purchase by Purchaser of the Partnership Interests contemplated hereby, and Purchaser acknowledges that it has determined to enter into this Agreement and the Transaction Documents to which it is a party based on such investigation.  In deciding to enter into this Agreement and the Transaction Documents, Purchaser has not relied upon any representations of the Sellers, the Partnership or any other Person, other than those specifically set forth in this Agreement and the Transaction Documents, and Purchaser acknowledges that no oral representations have been made by the Sellers or the Partnership or any 

		 

		

			14

		

 

representative of any of them in connection with the transactions contemplated by this Agreement and the Transaction Documents.
		

		
			4.5No Implied Representations.  In entering into this Agreement, Purchaser has not been induced by and has not relied upon any representations, warranties or statements, whether express or implied, made by any Seller or any Representative of such Seller or by any broker or any other person representing or purporting to represent such Seller, which are not expressly set forth in this Agreement or any Transaction Document or such other agreements, documents or instruments delivered in connection herewith or therewith, whether or not any such representations, warranties or statements were made in writing or orally.    It is understood that, except as otherwise set forth in the Transaction Documents, any cost or financial estimates or projections contained or referred to in this Agreement or which otherwise have been provided to Purchaser are not and shall not be deemed to be representations or warranties of any Seller.  Purchaser acknowledges that (i) there are uncertainties inherent in attempting to make such estimates and projections, (ii) Purchaser is familiar with such uncertainties and, other than the representations and warranties set forth in the Transaction Documents, Purchaser is taking full responsibility for making its own evaluation of the adequacy and accuracy of all estimates and projections so furnished to it, and (iii) Purchaser shall have no claim against the Sellers or their Affiliates with respect thereto.
		

		
			4.6Litigation.  As of the date hereof, there are no Actions or Proceedings pending or, to Purchaser’s Knowledge, threatened against Purchaser, at law or in equity, before or by any Government Authority, which call into question the validity of, or which would reasonably be expected to prevent the consummation of, the transactions contemplated by this Agreement or any Transaction Documents.
		

		
			4.7Brokers and Finders.  Except as will be discharged in full by (and as will be the sole responsibility of) Purchaser, no person, firm, corporation or entity acting for or on behalf of Purchaser is or will be entitled to any broker’s or finder’s fee or any other commission or similar fee, directly or indirectly, from any parties in connection with any of the transactions contemplated by this Agreement or the Transaction Documents.
		

		
			ARTICLE V

COVENANTS
		

		
			5.1Cooperation.  Purchaser, on the one hand, and the Sellers, on the other hand, shall cooperate fully with each other in furnishing any information or performing any action requested by the other Party which is reasonably necessary to the timely and successful consummation of the transactions contemplated by this Agreement.  Each of the Parties agrees to execute and deliver such additional documents, certificates and instruments, and to perform such additional acts, as may be reasonably necessary or appropriate to carry out all of the provisions of this Agreement and to consummate all the transactions contemplated by this Agreement.    
		

		
			5.2Tax Matters.
		

		
			(a)All stamp, transfer, documentary, sales and use, value added, excise, 

		 

		

			15

		

 

license, filing, registration and other similar taxes and fees (including any penalties and interest, but excluding Taxes on income or gain) incurred in connection with the transfer of the Purchased Interests under this Agreement (collectively, the “Transfer Taxes”) shall be borne equally by the Sellers, on one hand, and Purchaser, on the other hand.  Any Tax Returns and other documentation that must be filed with respect to Transfer Taxes shall be prepared and filed when due by the party primarily or customarily responsible under applicable local law for the filing of such Tax Returns or other documentation, and such party shall use its commercially reasonable efforts to provide drafts of such Tax Returns and other documentation to the other party at least ten Business Days prior to the due date for such Tax Returns and other documentation.  Such other party shall remit its share of Transfer Taxes shown on such Tax Returns received at least five Business Days prior to the due date for such Tax Returns.  Each party shall notify the other party if the first party receives any notice from a Government Authority with respect to Tax Returns filed pursuant to this Section 5.2(a), and the parties shall cooperate with each other in good faith to respond to any such notice or any other inquiry from a Government Authority.
		

		
			(b)The Sellers and Purchaser agree that, for the Partnership’s taxable year in which the sale of the Purchased Interests occurs, they will cooperate in requesting the Partnership to allocate (and the Partnership has agreed in the Cooperation Agreement to allocate) items of income, gain, deduction, loss and credit of the Partnership with respect to the Purchased Interests between the Sellers, on the one hand, and Purchaser, on the other hand, in accordance with an interim closing of the books of the Partnership as of the end of the day preceding the Closing Date and, if Closing occurs on a date other than the last calendar day of a month, to determine such items based on closing of the books at the end of such month of Closing and allocate to the Sellers such items based on a fraction, the numerator of which is the number of calendar days of such month of Closing that are included in the Interim Period and the denominator of which is the total number of calendar days in such month of Closing, and to allocate to Purchaser the remainder.  To the extent the Sellers’ consent may be required under the Existing Partnership Agreement, the Sellers shall not consent (and shall cause their Affiliates not to consent) to any other method to allocate items of such income, gain, deduction, losses and credit between the Sellers, on the one hand, and Purchaser, on the other hand, unless Purchaser consents to such other method in writing, which consent shall not be unreasonably withheld.
		

		
			ARTICLE VI

CLOSING
		

		
			6.1Closing.  The closing of the transactions contemplated by this Agreement (the “Closing”) shall take place in New York, New York at the offices of Weil, Gotshal & Manges LLP on the date hereof (the “Closing Date”).
		

		
			6.2Sellers’ Closing Deliveries.  At Closing, the Sellers shall deliver to Purchaser:
		

		
			(i)Purchased Interests.  With respect to the Purchased Interests being transferred at the Closing, the Assignment Agreement, duly executed by the Sellers.
		

		
			(ii)FIRPTA Certificate.  A statement, meeting the requirements of 

		 

		

			16

		

 

Section 1.1445-2(b) of the U.S. Treasury Regulations, to the effect that such Seller is not a “foreign person” within the meaning of Section 1445 of the Code and the U.S. Treasury Regulations thereunder.
		

		
			6.3Purchaser’s Closing Deliveries.  At Closing, Purchaser shall deliver to the Sellers:
		

		
			(i)Initial Purchase Price.  The Initial Purchase Price by wire transfer of federal funds or other immediately available funds to an account(s) designated at least three (3) Business Days prior to the Closing by the Sellers.
		

		
			(ii)Purchased Interests.  With respect to the Purchased Interests being transferred at the Closing, the Assignment Agreement, duly executed by Purchaser.
		

		
			ARTICLE VII

INDEMNIFICATION
		

		
			7.1Survival.  The representations and warranties of the Sellers and Purchaser contained in or made pursuant to this Agreement shall survive in full force and effect until the fifth anniversary of the Closing Date, at which time they shall terminate (and no claims shall be made for indemnification under Sections 7.2 or 7.3 thereafter).  None of the covenants or other agreements contained in this Agreement shall survive the Closing other than the covenants and agreements that by their terms apply or are to be performed in whole or in part after the Closing Date, which covenants and agreements shall survive for the period provided in such covenants and agreements, if any, or until fully performed.
		

		
			7.2Indemnification by the Sellers.
		

		
			(a)From and after the Closing, and subject to the terms of this Agreement, the Sellers shall, jointly and severally, indemnify and hold harmless Purchaser and its Subsidiaries, and their respective Representatives, permitted successors and permitted assigns (collectively, the “Purchaser Indemnified Parties”) against, and reimburse any Purchaser Indemnified Party for, all Losses that such Purchaser Indemnified Party may suffer or incur, or become subject to, as a result of:
		

		
			(i)the breach of any representations or warranties made by any Seller in this Agreement; or
		

		
			(ii)any breach or failure by any Seller to perform or comply with any of its covenants or agreements in this Agreement.
		

		
			(b)Notwithstanding anything in this Agreement to the contrary, the cumulative indemnification obligation of the Sellers under this Article VII shall in no event exceed the Final Purchase Price.
		

		
			7.3Indemnification by Purchaser.  
		

		
			

		 

		

			17

		

 

		

		
			(a)From and after the Closing, and subject to the terms of this Agreement, Purchaser shall indemnify and hold harmless General Electric Company and its Subsidiaries (including the Sellers), and their respective Representatives, permitted successors and permitted assigns (collectively, the “Seller Indemnified Parties”) against, and reimburse any Seller Indemnified Party for, all Losses that such Seller Indemnified Party may suffer or incur, or become subject to, as a result of:
		

		
			(i)the breach of any representations or warranties made by Purchaser in this Agreement; or
		

		
			(ii)any breach or failure by Purchaser to perform or comply with any of its covenants or agreements in this Agreement.
		

		
			(b)Notwithstanding anything in this Agreement to the contrary, the cumulative indemnification obligation of Purchaser under this Article VII shall in no event exceed the Final Purchase Price.
		

		
			7.4Notification of Claims.
		

		
			(a)Except as otherwise provided in this Agreement, a Person that may be entitled to be indemnified under this Agreement (the “Indemnified Party”), shall promptly notify the Party liable for such indemnification (the “Indemnifying Party”) in writing of any pending or threatened claim, demand or circumstance that the Indemnified Party has determined has given or would reasonably be expected to give rise to a right of indemnification under this Agreement (including a pending or threatened claim or demand asserted by a third party against the Indemnified Party, such claim being a “Third Party Claim”), describing in reasonable detail the facts and circumstances with respect to the subject matter of such claim, demand or circumstance; provided,  however, that the failure to provide such notice shall not release the Indemnifying Party from any of its obligations under this Article VII except to the extent the Indemnifying Party is prejudiced by such failure, it being understood that notices for claims in respect of a breach of a representation, warranty, covenant or agreement must be delivered before the expiration of any applicable survival period specified in Section 7.1 for such representation, warranty, covenant or agreement.
		

		
			(b)Upon receipt of a notice of a claim for indemnity from an Indemnified Party pursuant to Section 7.4(a) with respect to any Third Party Claim, the Indemnifying Party shall have the right (but not the obligation) to assume the defense and control of any Third Party Claim by notice to the Indemnified Party at any time, unless the failure of the Indemnifying Party to timely assume the defense of such Third Party Claim would actually and materially prejudice the Indemnified Party.  Prior to any assumption of the defense and control of any Third Party Claim, the Indemnified Party shall be entitled to conduct the defense of such Third Party Claim as the Controlling Party (as hereinafter defined).  Subject to Section 7.4(d) below, in the event that the Indemnifying Party shall assume the defense of such claim, it shall allow the Indemnified Party a reasonable opportunity to participate in the defense of such Third Party Claim with its own counsel and at its own expense.  The Person that shall control the defense of any such Third Party Claim (the “Controlling Party”) shall select counsel, contractors and consultants of recognized standing 

		 

		

			18

		

 

and competence after consultation with the other Party and shall take all steps reasonably necessary in the defense or settlement of such Third Party Claim.
		

		
			(c)The Sellers or Purchaser, as the case may be, shall, and shall cause each of its Affiliates and Representatives to, cooperate fully with the Controlling Party in the defense of any Third Party Claim.  The Indemnifying Party shall be authorized to consent to a settlement of, or the entry of any judgment arising from, any Third Party Claim, without the consent of any Indemnified Party, provided that the Indemnifying Party shall (i) pay all amounts arising out of such settlement or judgment concurrently with the effectiveness of such settlement (subject to Section 7.2(b), if applicable), and (ii) obtain, as a condition of any settlement or other resolution, a complete release of any Indemnified Party potentially affected by such Third Party Claim.
		

		
			(d)If the Indemnified Party is the non-Controlling Party and a conflict of interest between the Indemnified Party and the Indemnifying Party exists in respect of such Third Party Claim that would reasonably be expected to make it inappropriate for the same counsel to represent the interests of the Indemnifying Party and the Indemnified Party, the Indemnified Party shall have the right to participate in (but not control) the defense of such Third Party Claim and to retain its own counsel at the sole expense of the Indemnifying Party, which such counsel shall be reasonably acceptable to the Indemnifying Party.  In any event, the Sellers and Purchaser shall cooperate in the defense of any Third Party Claim subject to this Article VII and the records of each shall be reasonably available to the other with respect to such defense.
		

		
			7.5Exclusive Remedies.  Subject to Section 2.5,  following the Closing, the indemnification provisions of this Article VII shall be the sole and exclusive remedies of any Seller Indemnified Party and any Purchaser Indemnified Party, respectively, for any Losses (including any Losses from claims for breach of Contract, warranty, tortious conduct (including negligence) or otherwise and whether predicated on common law, statute, strict liability, or otherwise) that it may at any time suffer or incur, or become subject to, as a result of, or in connection with, any breach of any representation or warranty set forth in this Agreement by Purchaser or the Sellers, respectively, or any breach or failure by Purchaser or the Sellers, respectively, to perform or comply with any covenant or agreement set forth herein.  Nothing in this Agreement, including this Section 7.5, shall limit a Person’s liability following the Closing for intentional fraud knowingly committed.  Without limiting the generality of the foregoing, the Parties hereby irrevocably waive any right of rescission they may otherwise have or to which they may become entitled.
		

		
			7.6Additional Indemnification Provisions.    With respect to each indemnification obligation contained in this Agreement, no representation or warranty of any Seller shall be deemed to be breached as a consequence of the existence of any fact, circumstance or event that is disclosed in connection with another representation or warranty contained in this Agreement.
		

		
			7.7Limitation on Liability.  Notwithstanding anything in this Agreement or in any Transaction Document to the contrary, except to the extent required to be paid to a third party in connection with a Third Party Claim, in no event shall any Party have any Liability under this Agreement (including under this Article VII) for any consequential, special or punitive damages, lost profits or similar items; provided,  however, that nothing herein shall limit any Party’s Liability 

		 

		

			19

		

 

for Losses in the nature of diminution in value (or the ability of any Party to establish the amount of Losses in the nature of diminution in value by reference to lost profits or other damage amounts in respect of any breach of this Agreement).
		

		
			7.8Tax Treatment of Payments.  Seller and Purchaser shall treat any adjustments or indemnity payments made pursuant to this Agreement as adjustments to the Final Purchase Price for income Tax purposes unless applicable Tax law causes such payment not to be so treated.
		

		
			ARTICLE VIII

MISCELLANEOUS
		

		
			8.1Expenses.    Except as set forth in Section 6.01 of the Cooperation Agreement, each of Purchaser and the Sellers shall pay all of their own fees and expenses (including attorneys’ fees and expenses) incurred in connection with this Agreement and the Transaction Documents and the transactions contemplated hereby and thereby.
		

		
			8.2Notices.  All notices, consents, waivers and other communications hereunder shall be in writing and shall be deemed to have been duly given and received when delivered in person, when received by facsimile or email transmission (in each case, followed by delivery of an original by another delivery method provided for in this Section 8.2 below), or one day after duly sent by overnight courier, addressed as follows (or at such other address for a party as shall be specified by like notice):
		

		
			(a)if to Purchaser to: 
		

		
			Penske Automotive Group, Inc.
		

		
			2555 Telegraph Rd
		

		
			Bloomfield Hills, MI 48098
		

		
			Attention:    General Counsel
		

		
			Facsimile:    248-648-2515
		

		
			Email:          sspradlin@penskeautomotive.com
		

		
			 
		

		
			with a copy to:
		

		
			 
		

		
			Penske Automotive Group, Inc.
		

		
			2555 Telegraph Rd
		

		
			Bloomfield Hills, MI 48098
		

		
			Attention:     Chief Financial Officer
		

		
			Facsimile:     248-648-2155
		

		
			Email:           jcarlson@penskeautomotive.com
		

		
			 
		

		
			MBK USA Commercial Vehicles Inc.
		

		
			c/o Mitsui & Co., Ltd.
		

		
			Nippon Life Marunouchi Garden Tower
		

		
			1-3, Marunouchi 1-chome, Chiyoda-ku,
		

		
			

		 

		

			20

		

 

		

		
			Tokyo, Japan
		

		
			Attention: Masashi Yamanaka
		

		
			General Manager
		

		
			Second Motor Vehicles Div.
		

		
			Facsimile:     +81 3-3285-9005
		

		
			Email:           m.yamanaka@mitsui.com
		

		
			 
		

		
			with a copy to:
		

		
			 
		

		
			Debevoise & Plimpton LLP
		

		
			919 Third Avenue
		

		
			New York, NY 10022
		

		
			Attention:    Ezra Borut, Esq.
		

		
			Facsimile:    212-909-6836
		

		
			Email:          eborut@debevoise.com
		

		
			 
		

		
			(b)if to the Sellers to:
		

		
			GE Capital Truck Leasing Holding LLC
		

		
			General Electric Credit Corporation of Tennessee 
		

		
			c/o GE Capital US Holdings, Inc.
		

		
			41 Farnsworth Street
		

		
			Boston, MA 02210
		

		
			Attention:     Mark Landis, Executive Counsel – Mergers & Acquisitions
		

		
			Facsimile:     203-286-2181
		

		
			Email:           mark.landis@ge.com
		

		
			 
		

		
			with a copy to:
		

		
			Weil, Gotshal & Manges LLP
		

		
			767 Fifth Avenue
		

		
			New York, New York 10153
		

		
			Attention:     Jon-Paul Bernard
		

		
			Facsimile:     212-310-8284
		

		
			Email:           jon-paul.bernard@weil.com
		

		
			 
		

		
			 
		

		
			8.3No Assignment; Binding Effect.  Neither this Agreement nor any of the rights, interests or obligations under this Agreement may be assigned by either Party without the prior written consent of the other Party and any attempt to do so shall be void, except for assignments and transfers by operation of law or in connection with the liquidation, dissolution or winding-up of the affairs of either Party;  provided,  however, that any such assignor Party shall not be released from its obligations under this Agreement upon any such assignment unless the assignee shall be determined by the other Party, acting reasonably, to be creditworthy.  This Agreement shall be binding upon, inure to the benefit of, and may be enforced by, each of the parties to this Agreement and its successors and permitted assigns.
		

		
			

		 

		

			21

		

 

		

		
			8.4Entire Agreement.  This Agreement and the Transaction Documents supersede any other agreement, whether written or oral, that may have been made or entered into by the parties hereto relating to the matters contemplated hereby and thereby and constitute the entire agreement of the Parties with respect to the subject matter hereof and thereof.
		

		
			8.5Confidentiality.  Except (i) as required or expressly permitted by this Agreement, (ii) as may be necessary in order to give the notices to obtain any prior regulatory approval or the Approvals, (iii) as necessary to consult with attorneys, accountants, employees, or other advisors retained in connection with the transactions contemplated hereby, (iv) as required by court order or otherwise mandated by law or by Contract to which any Seller or Purchaser is a party, or (v) in connection with legally required disclosure documents prepared by any Seller, Purchaser or any Affiliate of either, no such Party shall issue any news release or other public notice or communication or otherwise make any disclosure to third parties concerning (x) this Agreement or (y) the transactions contemplated hereby,  without the prior consent of the other Party and the Partnership (which consent shall not be unreasonably withheld, conditioned or delayed by the other Party or the Partnership).  Even in cases where such prior consent is not required, Purchaser, on the one hand, and the Sellers, on the other hand, shall, to the extent legally permissible, promptly notify the other Party and the Partnership of such release in advance in order to provide a reasonable opportunity to the other Party and the Partnership to prepare a corresponding or other similar release or other action on a timely basis.
		

		
			8.6Amendments, Supplements, etc.  This Agreement may be amended or supplemented only by a writing signed by Purchaser and the Sellers specifically referring to this Agreement.  No term of this Agreement, nor performance thereof or compliance therewith, may be waived except by a writing signed by the party charged with giving such waiver.
		

		
			8.7Headings and Captions.  The headings and captions in this Agreement are for reference purposes only and shall not affect the construction or interpretation of any provision of this Agreement.
		

		
			8.8Counterparts.  This Agreement may be executed in counterparts, each of which shall be an original, but all of which together shall constitute one and the same instrument.
		

		
			8.9Governing Law; Jurisdiction.  This Agreement shall be governed by, and construed and enforced in accordance with, the laws of the State of New York (whether in Contract or in tort) without giving effect to the principles of conflicts of law thereof, other than Section 5-1401 of the General Obligations Law thereunder.  The parties hereto agree that any action, suit, proceeding or arbitration of any nature, in law or equity (collectively, “Actions or Proceedings”) seeking to enforce any provision of, or based on any matter arising out of or in connection with this Agreement or the transactions contemplated hereby shall be brought in the United States District Court for the Southern District of New York or any New York State court sitting in New York City, so long as one of such courts shall have subject matter jurisdiction over such Action or Proceeding, and that any cause of action arising out of this Agreement shall be deemed to have arisen from a transaction of business in the State of New York, and each of the parties hereby irrevocably consents to the jurisdiction of such courts (and of the appropriate appellate courts therefrom) in any such Action or Proceeding and irrevocably waives, to the fullest extent permitted by law, any objection that it may now or hereafter have to the laying of the venue of any such 

		 

		

			22

		

 

Action or Proceeding in any such court or that any such Action or Proceeding which is brought in any such court has been brought in an inconvenient forum.  Process in any such Action or Proceeding may be served on any party anywhere in the world, whether within or without the jurisdiction of any such court.  Without limiting the foregoing, the parties hereto agree that service of process on such party as provided in Section 8.2 shall be deemed effective service of process on such party.
		

		
			8.10Third-Party Beneficiaries.  Except as provided in Section 7.2, Section 7.3 and Section 8.11 with respect to indemnification obligations of the Sellers and Purchaser for the benefit of the Purchaser Indemnified Parties and the Seller Indemnified Parties, respectively, this Agreement is not intended to confer upon any other Person any rights or remedies hereunder.
		

		
			8.11No Recourse.  (i) This Agreement, each Transaction Document and any certificate or other writing delivered pursuant to this Agreement or any such Transaction Document may be enforced only against, and any claim, suit, litigation or other proceeding based upon, arising out of, or related to the foregoing, may be brought only against, the entities that are expressly named as parties hereunder or thereunder and then only with respect to the specific obligations set forth herein or therein with respect to such party and (ii) except as expressly provided in this Agreement, any Transaction Document or any certificate or writing delivered pursuant to this Agreement or any such Transaction Document, no past, present or future director, officer, employee, incorporator, member, partner, shareholder, agent, attorney, advisor, lender or representative or Affiliate of such named party, shall have any Liability (whether in contract or tort, at law or in equity or otherwise, or based upon any theory that seeks to impose Liability of an entity party against its owners or Affiliates) for any one or more of the representations, warranties, covenants, agreements or other obligations or liabilities of such named party or for any claim based on, arising out of, or related to this Agreement, any Transaction Document or any certificate or writing delivered pursuant to this Agreement or any such Transaction Document.
		

		
			8.12No Setoff.  The obligations of the Sellers, and each of their respective Subsidiaries, on the one hand, and Purchaser and each of its Subsidiaries, on the other hand, under this Agreement and the Transaction Documents shall not be subject to any counterclaim, setoff, deduction, diminution, abatement, stay, recoupment, suspension, deferment, reduction or defense, in each case, based upon any claim that Purchaser or the Sellers may have against each other under any other agreement between or among such parties or any of their respective Affiliates.
		

		
			 
		

		
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			23

		

 

		

		
			IN WITNESS WHEREOF, the Sellers and Purchaser have caused this Agreement to be duly executed and delivered as of the date first above written.
		

		
			SELLERS:
		

		
			 
		

			
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						GE CAPITAL TRUCK LEASING HOLDING LLC

				
	
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						by

					
					
						  /s/ Trevor Schauenberg

				
	
					
						 

					
					
						 

					
					
						Name:  Trevor Schauenberg

				
	
					
						 

					
					
						 

					
					
						Title:  President

				

		
			 
		

			
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						GENERAL ELECTRIC CREDIT CORPORATION OF TENNESSEE

				
	
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						by

					
					
						  /s/ Anne Bortolot

				
	
					
						 

					
					
						 

					
					
						Name:  Anne Bortolot

				
	
					
						 

					
					
						 

					
					
						Title:  Vice President and Duly Authorized Signatory

				

		
			 
		

		
			 
		

		
			

		 

		

			 

		

 

PURCHASER:
		

			
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						PENSKE AUTOMOTIVE GROUP, INC.

				
	
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						by

					
					
						/s/ J.D. Carlson

				
	
					
						 

					
					
						 

					
					
						Name:J.D. Carlson

				
	
					
						 

					
					
						 

					
					
						Title:EVP & CFO

				

		
			 
		

		
			 
		

		
			 
		

		
			

		 

		

			 

		

		

			 

		

 

		

		
			Exhibit A
		

		
			Purchased Interests Ownership
		

			
					
						 

					
					
						Existing 

					
					
						Purchased

				
	
					
						 

					
					
						Interest

					
					
						Interest

				
	
					
						GE Capital Truck Leasing Holding LLC

					
15.11%
					
5.36%
				
	
					
						General Electric Credit Corporation of Tennessee

					
0.39%
					
0.14%

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