Document:

EXHIBIT 10.3

 

PAYMENT OF DEBT AND RELEASE OF CLAIMS AGREEMENT

 

This Payment of Debt and Release of Claims Agreement (“Agreement”) is entered into by and between MIDWEST ENERGY EMISSIONS CORP., a Delaware corporation (the “Company”) on behalf of itself, its subsidiaries and other corporate affiliates (collectively referred to herein as the “Company Group”), and JAY RIFKIN (“Rifkin”) (the Company Group and Rifkin are collectively referred to herein as the “Parties”) as of January 2, 2015 (the “Effective Date”).

 

RECITALS

 

1.  Rifkin was the Chief Executive Officer of China Youth Media, Inc. from 2005 until June 21, 2011, when he resigned from that position shortly after the effective date of that certain Agreement and Plan of Merger (“Merger Agreement”) by and among China Youth Media, Inc., a Delaware Corporation (“CHYU”), China Youth Media Merger Sub, Inc., a Delaware corporation and wholly owned subsidiary of CHYU, and Midwest Energy Emissions Corp., a North Dakota corporation, dated as of June 1, 2011.

 

2.  Rifkin has been a director of the board of the Company since 2006.

 

3.  The Company owes Rifkin $250,000 of accrued consulting fees (“Consulting Fees”) and $31,318 in accrued interest relating to interest accrued on certain other advances made by Rifkin to CHYU and the Company prior to the date hereof (“Accrued Interest”).

 

4.  The Company has agreed to pay Rifkin a total of $281,318 in cash upon the execution and delivery of this Agreement.

 

NOW THEREFORE, in consideration of the mutual promises, covenants and agreements hereinafter set forth and of other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties agree as follows:

 

AGREEMENT

 

Final Payment. In consideration for Rifkin’s execution of and compliance with this Agreement the Company Group agrees to immediately pay Rifkin a lump sum of $281,318 to be paid by wire transfer on the Effective Date.

 

Release. In exchange for the consideration provided in this Agreement, Rifkin and his heirs, executors, representatives, agents, successors and assigns (collectively, the “Rifkin Releasors”), release and discharge the Company Group from the Consulting Fees and the Accrued Interest as defined herein. Company Group, upon mutual execution of this Agreement, shall release and discharge the Rifkin Releasors from providing any further consulting services to the Company Group.

 

	 
	
1

	

  

IN WITNESS WHEREOF, the Parties have executed this Agreement as of the Effective Date above.

 

 

	 	MIDWEST ENERGY EMISSIONS CORP.	 
		
500 West Wilson Bridge Road, Suite 140

Worthington, OH 43085

	
	 	 	 	 
		By:	/s/ R. Alan Kelley	 
	 	Name:	R. Alan Kelley	 
	 	Title:	Chief Executive Officer 	 
	 	 	 	 
				
		By:	/s/ Jay Rifkin 	
		Name:	Jay Rifkin	

 

 

2Nobilis Health Corp.: Exhibit 10.1 - Filed by newsfilecorp.com

ASSET PURCHASE AGREEMENT 

This ASSET PURCHASE AGREEMENT (this
"Agreement"), dated as of the 9th Day of May 2015, is made and
entered into by and among Nobilis Health Holdings Corp., a British Columbia
corporation ("Buyer") or its assignee, Victory Medical Center
Plano, LP (“Seller”) and Victory Parent Company, LLC
(“VPC”). Buyer, Seller (as hereinafter defined) and VPC may be
referred to herein individually as a "Party" and collectively as
the "Parties." 

WHEREAS, Seller owns and operates a licensed general
acute care hospital in Plano, Texas (in reference to the hospital location, the
“Hospital,” and in reference to the operation of the hospital, the
"Business"); 

WHEREAS, Seller is governed by that certain Amended and
Restated Limited Seller Agreement of Victory Medical Center Plano, L.P. dated
June 1, 2012 as amended by that certain First Amendment to Limited Seller
Agreement of Victory Medical Center Plano, L.P. dated June 3, 2013
(collectively, the "Partnership Agreement"); 

WHEREAS, Seller has determined to sell or assign certain
assets to Buyer; and Buyer desires to purchase, the assets described in this
Agreement (collectively the "Purchased Assets"), all upon the
terms and conditions of this Agreement; 

NOW, THEREFORE, in consideration of the mutual covenants
and agreements set forth in this Agreement, and for other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the
Parties hereto agree as follows: 

ARTICLE I. 
DEFINITIONS 

Capitalized terms not otherwise defined in this Agreement shall
have the meaning ascribed to them in the attached Appendix I. 

ARTICLE II. 
FINANCIAL ARRANGEMENTS

II.1                
Purchase and Sale of Purchased Assets.

(a)                
At Closing, subject to the terms set forth herein, Buyer shall purchase from
Seller, and Seller shall sell to Buyer, the assets as listed on the attached
Schedule 2.1(a) (the “Purchased Assets”) free and clear of
all claims, encumbrances, debts, demands or liabilities of any kind.

(b)               
 The assets listed on Schedule 2.1(a) are the only assets that the
Buyer shall purchase and Schedule 2.1(b) lists, for clarity and not as a
limitation, specific assets that will not be Purchased Assets. 

(c)                 Allocation
of Purchase Price. Within one hundred eighty (180) days after Closing Date,
Buyer shall prepare an allocation of the Purchase Price in accordance with
Section 1060 of the Internal Revenue Code of 1986, as amended
(“Code”), and the Treasury regulations thereunder (and any similar provision of state or local Legal
Requirements, as appropriate) (the “Allocation”). Seller and Buyer
hereby agree to be bound by such Allocation, to account for and report the
purchase and sale of the Assets contemplated hereby for federal and state Tax
purposes in accordance with such Allocation, and not to take any position
(whether in Tax Returns (as hereinafter defined), Tax audits, or other Tax
proceedings) that is inconsistent with such Allocation without the prior written
consent of the other party. Buyer and Seller and their affiliates shall report,
act and file all Tax Returns and other information filings, to the extent
required, in all respects and for all purposes consistent with such Allocation. 

	NOBILIS HEALTH
      CORP. 
	Asset Purchase Agreement 
	Victory Medical Center Plano LP\ 

II.2               
Additional Consideration. Notwithstanding anything herein to the
contrary, as of Closing, Buyer shall assume and agree to pay, perform and
discharge in accordance with their respective terms certain obligations and
liabilities of Seller as follows: 

(a)                 The
assumption of all obligations or other liabilities of Sellers the contracts and
agreements specifically listed on Schedule 2.2(a) (collectively, the
"Assumed Contracts") as evidenced by an assignment and assumption
agreement (the "Assumption Agreement" a form of which is attached
hereto as Exhibit 2.2(a)) and consented to by the lessors, if applicable,
and the exercise of all commercially reasonable efforts to remove or replace
Sellers, as soon as reasonably practicable, from any and all warranties,
guarantees, liabilities or other obligations relating to the Assumed Contracts
(collectively, the "Guaranty Replacements" and each a
“Guaranty Replacement”). Other than the Assumed Liabilities. 

(b)               
Within thirty (30) days of receiving a copy of a reasonably detailed invoice,
Buyer shall pay directly or reimburse Seller for expenses related to the
negotiation, drafting, review and closing of this transaction, including
Seller’s legal expenses, in an amount that shall not exceed, in the aggregate,
$25,000.00. (collectively, Sections 2.2(a) and (b) are the “Assumed
Liabilities”) 

Other than the Assumed Liabilities Buyer shall assume no other
obligation or liability of the Seller. 

ARTICLE III.    
CLOSING.

III.1              
Closing. Subject to the satisfaction or waiver by the applicable party of
the conditions precedent to Closing as specified in ARTICLE VI and ARTICLE VII below below, Closing will
take place at a time determined by the Buyer as soon as practicable after
execution but in no event later than May 11, 2015 ("Closing").
Buyer shall provide the Sellers no less than two Business Days' notice of the
date the Buyer as elected for Closing. The Closing shall be effective as of
11:59 p.m. on Closing Date. 

III.2              
Deliveries of Sellers at Closing. At Closing, Seller shall deliver or
cause to be delivered to Buyer: 

(a)                
counterparts of an executed Bill of Sale transferring the Purchased Assets to
Buyer; 

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	NOBILIS HEALTH
      CORP. 
	Asset Purchase Agreement 
	Victory Medical Center Plano LP 

(b)                 counterparts
of an executed Assignment and Assumption Agreement, that is substantially
identical to the form attached hereto as Exhibit 1; 

(c)                
an Officers' Certificate, in form and substance reasonably satisfactory to
Buyer, duly executed on Seller’s behalf, certifying as to (i) the charter
documents and organizational documents of Seller, (ii) the resolutions relating
to the authority of Seller to enter into the transactions contemplated by this
Agreement (a copy of which shall be attached thereto), and (iii) that the
conditions in ARTICLE VI have been
satisfied; 

(d)                
evidence or copies of the consents, approvals, orders, qualifications or waivers
required by any third party or Governmental Authority to consummate the
transactions contemplated by this Agreement; and 

(e)                 the
Seller’s books and records maintained by or in the possession of Seller; 

(f)                  a
duly executed consent from the Landlord permitting Buyer or Buyer’s assignee to
assume the Lease 
 (g)                 such other documents or instruments as are required to be
delivered at Closing pursuant to the terms hereof. 

III.3               Deliveries
of Buyer at Closing. At Closing, Buyer shall deliver or cause to be
delivered to Sellers: 

(a)                 a
duly executed copy of the Guaranty Replacements, in accordance with Section
Section 2.2(a);

(b)               
delivery of the full balance due and owing with respect to the Viewpoint Bank,
NA (“Viewpoint”) Notes to the lender as described in Section
Section 8.9;

(c)                 a
duly executed copy of the Buyer Promissory Note; 

(d)                 a
counterpart to the General Seller Interests Assignment, duly executed by GP;

(e)                
an Officer's Certificate, in form and substance reasonably satisfactory to
Seller, duly executed on Buyer's behalf, certifying as to 

(i)                  the
charter documents and organizational documents of Buyer, and (ii) the
resolutions relating to the authority of Buyer to enter into the transactions
contemplated by this Agreement; 

(f)                
evidence of good standing from the applicable British Columbia authority that
Buyer is existing and in good standing under the Laws of the British Columbia,
Canada; and 

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	NOBILIS HEALTH
      CORP. 
	Asset Purchase Agreement 
	Victory Medical Center Plano LP 

(g)                 such
other documents or instruments as Buyer reasonably deems necessary to effect the
transaction contemplated hereby or that are required to be delivered at Closing
pursuant to the terms hereof. 

III.4               Additional
Acts. Further, from time to time after Closing, each party shall execute and
deliver such other instruments of conveyance and transfer, and take such other
actions as another party hereto may reasonably request, to more effectively
convey and transfer full right, title and interest to, vest in, and place each
party, in legal and actual possession of, as applicable, the Purchased Interest.

ARTICLE IV. 
REPRESENTATIONS AND
WARRANTIES OF SELLER 

Each of VPC and Seller represent and warrant to Buyer,
jointly-and-severally, as of Closing, as follows: 

IV.1              
Organization and Qualification of Seller. Seller is a limited
partnership, duly formed and validly existing under the Laws of the State of
Texas. Seller has the requisite partnership power and authority to own, operate
or lease the properties and assets now owned, operated or leased by it and to
carry on the Business as currently conducted by Seller. Seller is duly qualified
to do business as a limited partnership and is in good standing in each
jurisdiction where the character of its properties owned, operated or leased or
the nature of its activities makes such qualification necessary. 

IV.2              
Capitalization of Seller; Subsidiaries. As of Closing Date, the partners
set forth on Schedule 4.2
are the record and beneficial owners of 100% of the partnership interests and
other equity interests in Seller. Except for those partners set forth on
Schedule 4.2 no others have
any right to vote as partners on matters relating to Seller or the right to
receive economic benefit as partners. There are no outstanding warrants, options
or rights of any kind to acquire from Seller any equity interest in Seller.
Seller has no subsidiaries. 

IV.3              
Capacity; Enforceability. VPC and Seller have all requisite power,
capacity and authority to execute and deliver this Agreement and to perform
their respective obligations hereunder. This Agreement has been duly and validly
executed and delivered by, and is a valid and binding obligation of, VPC and
Seller enforceable against VPC and Seller, as applicable, in accordance with its
terms, except as the enforceability may be limited by (a) applicable bankruptcy,
insolvency, moratorium, reorganization, fraudulent conveyance or similar Laws in
effect which affect the enforcement of creditors' rights generally; or (b)
general principles of equity. As of Closing there will no encumbrances on the
purchased assets.

IV.4              
Consents and Approvals. Except for any consents required by (a) the Texas
Department of State Health Services and (b) VPC's or Seller’s lender, no
consent, authorization or approval of, or filing or registration with any
Governmental Authority or any other Person is necessary in connection with the
execution, delivery or performance by VPC and Seller of this Agreement or the
consummation by VPC and GP of the transactions contemplated herein. Except as set forth on Schedule 4.4  and subject to the approval of VPC’s and Seller’s
lenders neither VPC, nor Seller is a party to, subject to or bound by (or by
which any of its properties or assets may be bound) any Contract which does or
would (a) conflict with or be breached or violated or the obligations thereunder
accelerated or increased (whether or not with notice or lapse of time, or both)
or give rise to any payment obligation or loss of a benefit, or a right of
termination, cancellation, or modification, by the execution, delivery or
performance by VPC or Seller of this Agreement, or (b) prevent the carrying out
of the transactions contemplated herein. 

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	NOBILIS HEALTH
      CORP. 
	Asset Purchase Agreement 
	Victory Medical Center Plano LP 

IV.5               Financial
Statements; No Undisclosed Liabilities; Absence of Changes.

(a)                 Seller
has delivered to Buyer: (a) an unaudited balance sheet of Seller as of December
31, 2014, and the related unaudited statements of income and cash flows for the
year then ended; (b) an audited balance sheet and the related audited statements
of income and cash flows as of December 31 for each of the years 2013 and 2012;
and (c) an unaudited balance sheet of Seller as of March 31, 2015
("Balance Sheet Date") and the related statements of income for
the three (3) months then ended. Such financial statements fairly and accurately
present the financial condition and the results of operations and cash flows of
Seller on the respective dates of and for the periods referred to in such
financial statements. The financial statements referred to in this Section were
prepared in accordance with GAAP consistently applied throughout the periods
involved. The financial statements have been and will be prepared from and are
in accordance with the accounting records of Seller. Other than as set forth on
Schedule 4.5,  Seller does
not have any long-term debt.

(b)                 Seller
has no liabilities, obligations or commitments of any nature whatsoever,
asserted or unasserted, known or unknown, absolute or contingent, accrued or
unaccrued, matured or unmatured or otherwise ("Liabilities"),
except (a) those which are adequately reflected or reserved against in the
balance sheet as of the Balance Sheet Date, and (b) those which have been
incurred in the ordinary course of business consistent with past practice since
the Balance Sheet Date and which are not, individually or in the aggregate,
material in amount; 

(c)                 Since
the Balance Sheet Date, and other than in the ordinary course of business
consistent with past practice, there has not been, with respect to the Seller,
any: 

(i)                  event,
occurrence or development that has had, or could reasonably be expected to have,
individually or in the aggregate, a material adverse effect; 

(ii)                 amendment
of the certificate of limited partnership, limited partnership agreement or
other organizational documents of the Seller; 

(iii)                split,
combination or reclassification of any Units of partnership interests, the
issuance, sale or other disposition of any Units of partnership interests, or
grant of any options, warrants or other rights to purchase or obtain (including
upon conversion, exchange or exercise) any of Units of partnership interests,
the declaration or payment of any or 5 distributions on or in respect of any Units of partnership
interests or the redemption, purchase or acquisition of Units of partnership
interests; 

	NOBILIS HEALTH
      CORP. 
	Asset Purchase Agreement 
	Victory Medical Center Plano LP 

(iv)                material
change in any method of accounting or accounting practice of the Seller, except
as required by GAAP or as disclosed in the notes to the financial statements;

(v)                
material change in the Seller's cash management practices and its policies,
practices and procedures with respect to collection of accounts receivable,
establishment of reserves for uncollectible accounts, accrual of accounts
receivable, inventory control, prepayment of expenses, payment of trade accounts
payable, accrual of other expenses, deferral of revenue and acceptance of
customer deposits; 

(vi)               
incurrence, assumption or guarantee of any indebtedness for borrowed money
except unsecured current obligations and Liabilities incurred in the ordinary
course of business consistent with past practice; 

(vii)               transfer,
assignment, sale or other disposition of any of the assets shown or reflected in
the balance sheet or cancellation of any debts or entitlements, or any material
damage, destruction or loss (whether or not covered by insurance) to its
property; 

(viii)              any
capital investment in, or any loan to, any other Person; 

(ix)                
acceleration, termination, material modification to or cancellation of any
material Contract (including, but not limited to, any material Contract) to
which the Seller is a party or by which it is bound; 

(x)                 
any material capital expenditures; 

(xi)                
imposition of any Lien upon any of the Seller properties, Seller Interest or
assets, tangible or intangible; (xii) any loan to (or forgiveness of any loan
to), or entry into any other transaction with, any of its stockholders or
current or former directors, officers and employees; 

(xiii)               adoption
of any plan of merger, consolidation, reorganization, liquidation or dissolution
or filing of a petition in bankruptcy under any provisions of federal or state
bankruptcy Law or consent to the filing of any bankruptcy petition against it
under any similar Law; 

(xiv)               purchase,
lease or other acquisition of the right to own, use or lease any property or
assets for an amount in excess of $5,000, individually (in the case of a lease,
per annum) or $25,000 in the aggregate (in the case of a lease, for the entire
term of the lease, not including any option term), except for purchases of
inventory or supplies in the ordinary course of business consistent with past
practice; or 

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	NOBILIS HEALTH
      CORP. 
	Asset Purchase Agreement 
	Victory Medical Center Plano LP 

(xv)               action
by GP or the Seller to make, change or rescind any Tax election, amend any Tax
Return or take any position on any Tax Return, take any action, omit to take any
action or enter into any other transaction that would have the effect of
increasing the Tax liability or reducing any Tax asset of Buyer in respect of
any post-Closing Tax Period

IV.6                Contracts; No Defaults. Except as set
  forth on Schedule 4.6, neither Seller nor VPC is in material default of
  any Contract or agreement except where such default would not result in any
  effect or change that would be materially adverse to the Business, assets,
  condition (financial or otherwise), operating results, operations, or business
  prospects of Seller taken as a whole, or to the ability of any Party to this
  Agreement to consummate the transactions contemplated herein. 

IV.7               Title
to Property; Asset Sufficiency, Condition of Tangible Property. Seller has
good and valid title to and ownership of all personal property making up all or
any portion of the Purchased Assets, except for personal property leased by
Seller, for which Seller has good and valid leasehold interests. Seller
maintains all contracts, agreements, commitments and other arrangements that are
reasonably necessary for the operation of a Texas licensed hospital (the
“Material Contracts”). Seller maintains all assets of any kind,
whether personal, mixed, tangible and/or intangible (or immovable, moveable,
corporeal and/or incorporeal), that are reasonably necessary for the operation
of a Texas licensed hospital (the “Material Assets”). Seller
represents and warrants (i) the Material Assets represent all of the assets
necessary to operate the Business and Seller in the same manner as currently
conducted and as conducted during the one (1) year period immediately preceding
Closing Date.

 IV.8              Litigation
and Proceedings. Except as set forth on Schedule 4.8,  there are no claims or
Proceedings pending or threatened, against or affecting VPC or Seller at law or
in equity, or before or by any Governmental Authority, which if determined
adversely to VPC or the Seller would have a material adverse effect on the
operations or finances of Seller. 

IV.9               Licensure.
Seller is licensed by the Texas Department of State Health Services (Regulatory
Licensing Unit) (the “Department”) as a hospital consistent with
the applicable laws and regulation of the State of Texas. Seller has all
licenses, registrations, permits, certificates, certificates of need, clearances
and other authorizations, consents and approvals of any governmental entity
required for the lawful existing operation of Seller and the Purchased Assets
(the “Licenses”). The Licenses required for the ownership or
operation of Seller and the Purchased Assets as presently operated, all of which
are now and as of Closing shall be in good standing, in full force and effect
and, to the knowledge of Seller, not subject to meritorious challenge. Seller is
in material compliance with the terms of the Licenses, and Seller has not
received any written notice or communication from any governmental entity
regarding any violation of any License (other than any surveys or deficiency
reports for which Seller has submitted a plan of correction that has been
approved by the applicable governmental authority). All applications required to
have been filed by Seller for the renewal of the Licenses have been duly filed
on a timely basis with the appropriate governmental entity, and all other
filings required to have been made by Seller with respect to the Licenses have
been duly made on a timely basis with the appropriate governmental entities.

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	NOBILIS HEALTH
      CORP. 
	Asset Purchase Agreement 
	Victory Medical Center Plano LP 

IV.10             Employee
Benefit Plans. Seller does not currently maintain any Employee Benefit Plans
and any Employee Benefit Plans previously maintained by Seller were terminated
in accordance with the plan documents and applicable Law. 

IV.11             Labor
Matters. (a) Seller has not been, and is not now, a party to any collective
bargaining agreement or other labor Contract; (b) there has not been, there is
not presently pending or existing and, to the Knowledge of Sellers, there is not
threatened, any strike, slowdown, picketing, work stoppage or employee grievance
process involving Seller; (c) to the Knowledge of Seller no event has occurred
and no circumstances exist that could provide the basis for any work stoppage or
other labor dispute; (d) to the Knowledge of Seller no application or petition
for an election of or for certification of a collective bargaining agent is
pending; and (e) to the Knowledge of Seller, there has been no charge of
discrimination filed against or threatened against Seller with the Equal
Employment Opportunity Commission or similar Governmental Entity 

IV.12            
Taxes. Except as set forth on Schedule 4.12,  Seller has (a) timely filed or extended all returns
required to be file by or in respect of the Business with respect to all Taxes;
(b) paid all Taxes shown to have become due pursuant to such returns; and (c)
paid all other Taxes for which a notice of assessment or demand for payment has
been received, if the due date therefore has occurred. Seller has not received
any notice of any proposed assessments of Taxes against or in respect of the
Business, or any proposed adjustments to any Tax Returns filed by or in respect
of the Business. 

IV.13             Insurance.
Seller maintains insurance coverage for its operations, personnel and assets.
  Schedule 4.13  sets forth all
insurance policies to which Seller is a party, an insured or a beneficiary and
these insurance policies as well as a list of all pending insurance claims
related to the Seller. All of the policies set forth on Schedule 4.13 are
valid, outstanding and enforceable, are issued by an insurer that is financially
sound and reputable, and, taken together, provide the Seller with (i) adequate
insurance coverage for the assets and operations of Seller, the Business and
Seller, and (ii) all such coverage as is required by Laws, Licenses and
Governmental Authorities which govern or oversee Seller. No insurance carrier
has canceled or reduced or given notice of its intention to cancel or reduce,
any insurance coverage with respect to the Business and to the Knowledge of
Seller there are no grounds to cancel or void any such policies or coverage.

IV.14              Brokers.
No broker, finder, investment banker or other Person is entitled to any
brokerage fee, finders' fee or other commission in connection with the
transactions contemplated by this Agreement based upon arrangements made by
Seller. 

IV.15             
Compliance with Laws. Seller is and prior to Closing has been, in
material compliance with all applicable Laws. Seller possesses and is in
compliance in all material respects with all Licenses required by it under all
Laws in connection with the conduct of the Business as presently conducted,
including all applicable anti-money laundering and economic sanctions Laws. No
loss or expiration of any such License is pending or threatened or reasonably
foreseeable, other than expiration in accordance with the terms thereof of
Licenses that may be renewed in the ordinary course of business without lapsing
.. 

8 

	NOBILIS HEALTH CORP. 
	Asset Purchase Agreement 
	Victory Medical Center Plano LP 

IV.16             Environmental
Matters. Seller is in material compliance with all Environmental, Health and
Safety Requirements. Seller has not received from an Person any (x) notice or
claim that Seller is in violation of any Environmental, Health and Safety
Requirement or (y) any request for information related to any asserted violation
of any Environmental, Health and Safety Requirement. 

IV.17            
Leases.

(a)                 Seller
holds a valid leasehold interest in the property located at 2301 Marsh Lane,
Plano Texas under that certain Lease Agreement between Seller, as Tenant, dated
December 15, 2011 and FAEX Holdings, (TX), LLC as landlord (the “Real
Estate Lease”) as well as to certain equipment necessary to operate a
Texas licensed hospital which are leased by Seller pursuant to the agreements
listed on Schedule 4.17(a) (the “Equipment Leases”).

(b)                
Except as listed on Schedule 4.17(b), Seller is in material compliance
with the terms and conditions of the Real Property Lease, the Equipment Leases
and any other leasehold interest that represent a Material Contract, and is not
currently in material default of the terms and conditions of such agreement.

IV.18             Regulatory
Compliance; Improper Payments. 

(a)                
Seller has at all times remained in constant operation and no event has occurred
which could result in the suspension or termination of any License required to
operate the Seller; (b) Seller has been and is in material compliance with all
applicable Legal Requirements, including Title XVIII of the Social Security Act,
42 U.S.C. §§ 1395-1395hhh (the Medicare statute), including specifically, but
not limited to, the Ethics in Patient Referrals Act, as amended, or "Stark Law,"
42 U.S.C. § 1395nn; Title XIX of the Social Security Act, 42 U.S.C. §§
1396-1396v (the Medicaid statute); the Federal Health Care Program Anti-Kickback
Statute, 42 U.S.C. § 1320a-7b(b); the False Claims Act, as amended, 31 U.S.C. §§
3729-3733; the Program Fraud Civil Remedies Act, 31 U.S.C. §§ 3801-3812; the
Anti-Kickback Act of 1986, 41 U.S.C. §§ 51-58; the Civil Monetary Penalties Law,
42 U.S.C. §§ 1320a-7a and 1320a-7b; the Exclusion Laws, 42 U.S.C. § 1320a-7; the
Health Insurance Portability and Accountability Act of 1996 as amended by the
Health Information Technology for Economic and Clinical Health Act
(collectively, "HIPAA") and all applicable implementing regulations,
rules, ordinances and orders; and any similar state and local statutes,
regulations, rules, ordinances and orders that address the subject matter of the
foregoing. 

(c)             
   Seller has not received any notice from any agency, board,
commission, bureau, intermediary, carrier, Medicare administrative contractor,
Government Program integrity contractor, recovery audit contractor,
accreditation organization or other instrumentality of any government, whether
federal, state or local, commercial payor or patient that any of the operations
of the Seller are not in compliance with all applicable Law or accreditation
requirements. Seller has timely filed all reports, data and other information
required to be filed pursuant to the Legal Requirements. Notwithstanding the
foregoing, Government Program requests for information as part of the 855A application
process shall not be deemed to be regulatory non-compliance pursuant to this
Section 4.18.

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	NOBILIS HEALTH
      CORP. 
	Asset Purchase Agreement 
	Victory Medical Center Plano LP 

(d)                 Except
in compliance with the applicable Law, neither Seller nor any partner, member,
manager, officer or employee of Seller, nor any agent acting on behalf of or for
the benefit of any of the foregoing, has directly or indirectly: (i) offered,
paid, solicited, or received any remuneration (including any kickback, bribe, or
rebate), in cash or in kind, to, or made any financial arrangements or a
gratuitous payment of any kind, with any past, present or potential customers,
past, present, or potential suppliers, patients, government officials,
physicians, contractors or third party payors of Seller or any other person or
entity in exchange for business or payments from such persons in violation of
Legal Requirements; (ii) established or maintained any unrecorded fund or asset
for any improper purpose or made any misleading, false, or artificial entries on
any of its books or records for any reason; or (iii) made any payment for or
agreed to make any payment for any goods, services, or property in excess of
fair market value except to the extent permitted by applicable Law. 

(e)                  Except
in compliance with applicable Law, to the Knowledge of Seller, no partner,
officer or employee of Seller is a party to any Contract, lease agreement or
other arrangement (including any joint venture or consulting agreement) related
to Seller, Seller's assets with any physician, immediate family member of a
physician, physical or occupational therapist, health care facility, hospital,
nursing facility, home health agency or other person who is in a position to
make or influence referrals to or otherwise generate business for Seller, or
Seller's assets. 

(f)                  Seller
maintains a compliance program designed to promote compliance with all
applicable Laws, rules, and regulations and ethical standards, to improve the
quality and performance of operations, and to detect, prevent, and address
violations of legal or ethical standards applicable to the operations of the
Seller (a "Compliance Program"). Seller has delivered to Buyer a
complete and accurate copy of the Seller's current Compliance Program materials,
including all program descriptions, compliance officer and committee
descriptions, ethics and risk area policy materials, training and education
materials, auditing and monitoring protocols, reporting mechanisms, and
disciplinary policies, and Seller has its operations in accordance with such
Compliance Program. Seller (i) is not a party to a Corporate Integrity Agreement
with the Office of Inspector General of the Department of Health and Human
Services, (ii) has no reporting obligations pursuant to any settlement agreement
entered into with any governmental authority, (iii) to the Knowledge of Seller
has not been the subject of any health care program investigation or been served
with or received any search warrant, subpoena, civil investigative demand,
contact letter, or telephone or personal contact by or from any governmental
authority regarding any healthcare program investigation conducted by any
governmental authority, (iv) to the Knowledge of Seller, is or has been a
defendant in any qui tam/False Claims Act litigation, or (v) has received any
complaints from employees, independent contractors, vendors, physicians, or any
other person that would indicate that Seller has violated in any material
respect any applicable Law. Seller has provided Buyer with complete and accurate
descriptions of each audit and investigation conducted pursuant to the
Compliance Program during the last three (3) years. 

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(g)         
       All employed personnel who work in or
provide services at Seller have all applicable authorizations, Licenses and
registrations from the State of Texas and other applicable governmental
authorities to render the medical services and ancillary services currently
provided. 

(h)                 Seller
has not previously maintained and does not currently maintain a Medicare
provider agreement. 

IV.19            
Inventory. Inventories of supplies, drugs, food, janitorial and office
supplies and other disposables and consumables existing on the Effective Date
and located at the Hospital, or purchased by Seller for use in connection with
the business or operation of the Hospital (“Inventory”) consists
of a quality and quantity useable and saleable in the ordinary course of
business except for obsolete items and items of below standard quality, all of
which have been written off or written down to net realizable value. 

IV.20            
Medical Staff Matters. Seller has provided to Buyer complete and accurate
copies of the medical staff bylaws, medical staff rules and regulations, and
medical staff hearing procedures of Seller, all as presently in effect. There
are no pending or, to the Knowledge of Seller, threatened adverse actions,
appeals, challenges, disciplinary or corrective actions, or disputes involving
applicants to the medical staff of the Seller, current members of the medical
staff of the Seller or affiliated health professionals, and all appeal periods
in respect of any medical staff member, allied health professional or applicant
against whom an adverse action has been taken by the Seller have expired. Seller
has delivered to Buyer a written disclosure containing a brief general
description of all material adverse actions taken in the six months prior to the
date hereof against the Seller's medical staff members, allied health
professionals or applicants which could result in claims or actions against
Seller. There are no Proceedings pending or threatened against or affecting any
member of the medical staff of the Seller at law or in equity, or before or by
any federal, state, municipal or other governmental department, commission,
board, bureau, agency or instrumentality wherever located relating to medical
practice or conduct in connection therewith. 

IV.21            
Information Privacy and Security Compliance. 

(a)                 Seller
(i) to the extent Seller's operations are subject to the administrative
simplification provisions of HIPAA, and the implementing regulations contained
in 45 C.F.R. Parts 160, 162 and 164, are in material compliance with those
provisions and implementing regulations, including in conducting any of the
standard transactions set forth in 45 C.F.R. Part 162; and (ii) are in
compliance with all other applicable Information Privacy or Security Laws (as
hereinafter defined). 

(b)            
    Copies of the compliance policies and/or procedures and
privacy notices of Seller relating to Information Privacy or Security Laws have
been delivered to Buyer. 

(c)             
   Seller has entered into business associate agreements with all
third parties acting as a business associate as defined in 45 C.F.R. § 160.103
and to Seller's Knowledge, no business associate is in breach of its business
associate agreement with Seller or otherwise in violation of the Information
Privacy or Security Laws. To the Knowledge of Seller, Seller is not 11 under investigation by any Governmental Authority for a
violation of any Information Privacy or Security Laws, including the receipt of
any notices from the United States Department of Health and Human Services
Office of Civil Rights, Federal Trade Commission, Department of Justice, or
state attorney general relating to any such violations. 

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	Asset Purchase Agreement 
	Victory Medical Center Plano LP 

(d)                 Copies
of any written complaints alleging a violation of any Information Privacy or
Security Laws received by Seller during the preceding twenty-four (24) month
period have been delivered to Buyer. 

(e)                 Seller
has not had a Breach of Unsecured Protected Health Information, as such terms
are defined in 45 C.F.R. § 164.402. 

(f)                  For
purposes of this section: (i) "Information Privacy or Security Laws"
means HIPAA and regulations as set forth in this section and any other
applicable Law concerning the privacy and/or security of Personal Information,
including state data breach notification laws, state patient, medical record and
health information privacy Laws, the Federal Trade Commission Act and state
consumer protection Laws; and (ii) "Personal Information" means any
information with respect to which there is a reasonable basis to believe that
the information can be used to identify an individual, including "individually
identifiable health information" as defined in 45 C.F.R. 160.103, demographic
information, and social security numbers and such other personally identifiable
information protected by applicable Legal Requirement. 

(g)                 No
Exclusion. Neither Seller nor any of its respective officers, directors,
agents, or employees, have been convicted of a Medicare or other Federal Health
Care Program (as defined in 42 U.S.C. § 1320a-7(b)(f)) related offense or
convicted of, charged with or, to the Knowledge of Seller, investigated for, or
engaged in conduct that would constitute a violation of any Legal Requirements
related to fraud, theft, embezzlement, breach of fiduciary duty, kickbacks,
bribes, other financial misconduct or obstruction of an investigation. Neither
Sellers, the Seller, nor any officer, director, agent, employee or independent
contractor or medical staff member of the Seller (whether an individual or
entity), has been excluded from participating in any Government Program, subject
to sanction pursuant to 42 U.S.C. § 1320a-7a or § 1320a-8 or been convicted of a
crime described at 42 U.S.C. § 1320a-7b, nor, to Seller's Knowledge, are any
such exclusions, sanctions or charges threatened or pending. 

 4.20             Full
Disclosure. No representation or warranty by Seller in this Agreement and no
statement contained in the schedules to this Agreement or any certificate or
other document furnished or to be furnished to Buyer pursuant to this Agreement
contains any untrue statement of a material fact, or omits to state a material
fact necessary to make such statement or statements, in light of the
circumstances in which they are made, not misleading. 

ARTICLE V. 
REPRESENTATIONS AND
WARRANTIES OF BUYER 

Buyer, jointly and severally, hereby represents and warrants to
Seller, as of Closing Date, as follows: 

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V.1                Organization
and Qualification of Buyer. Buyer is duly organized, validly existing and in
good standing under the Laws of British Columbia, Canada and has the requisite
power and authority to own, operate or lease the properties and assets now
owned, operated or leased by it and to carry on its business as currently
conducted by Buyer. Buyer is duly qualified to do business as a foreign
organization and is in good standing in each jurisdiction where the character of
its properties owned, operated or leased or the nature of its activities makes
such qualification necessary. 

V.2                Capacity;
Enforceability. Buyer has all requisite power and authority to execute and
deliver this Agreement and to perform their respective obligations hereunder.
The execution and delivery by Buyer of this Agreement and the performance of its
obligations hereunder have been duly and validly authorized by Buyer, and no
other action on the part of Buyer is necessary. This Agreement has been duly and
validly executed and delivered by Buyer and is, or will be, a legal, valid and
binding obligation of Buyer, enforceable against Buyer in accordance with its
terms, except as the enforceability may be limited by (a) applicable bankruptcy,
insolvency, moratorium, reorganization, fraudulent conveyance or similar Laws in
effect which affect the enforcement of creditors' rights generally; or (b)
general principles of equity. 

V.3                Consents
and Approvals. Except as set forth on Schedule 5.3,  no consent,
authorization or approval of, or filing or registration with, any Governmental
Authority or any other Person is necessary in connection with the execution,
delivery or performance by Buyer of this Agreement or the consummation by Buyer
of the transactions contemplated herein. Buyer is not a party to, subject to or
bound by (or by which any of its properties or assets may be bound) any Contract
or order which does or would (a) conflict with or be breached or violated or the
obligations thereunder accelerated or increased (whether or not with notice or
lapse of time, or both) or give rise to any payment obligation or loss of a
benefit, or a right of termination, cancellation, or modification, by the
execution, delivery or performance by Buyer of this Agreement, or (b) prevent
the carrying out of the transactions contemplated herein. 

V.4                Brokers.
No broker, finder, investment banker or other Person is entitled to any
brokerage fee, finders' fee or other commission in connection with the
transactions contemplated by this Agreement based upon arrangements made by
Buyer. 

V.5                Full
Disclosure. No representation or warranty by Buyer in this Agreement, no
statement contained in the schedules to this Agreement or any certificate or
other document furnished or to be furnished to Buyer pursuant to this Agreement
contains any untrue statement of a material fact, or omits to state a material
fact necessary to make such statement or statements, in light of the
circumstances in which they are made, not misleading. 

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ARTICLE VI. 
CONDITIONS PRECEDENT TO
OBLIGATIONS OF BUYER 

The obligations of Buyer hereunder are, at the option of Buyer,
subject to the satisfaction, on or prior to Closing Date, of the following
conditions unless waived in writing by Buyer: 
  VI.1 Compliance with
Representations and Covenants. (a) The representations and warranties of
Seller made in Sections 4.1, 4.2, 4.3, 4.4, 4.5, 4.7, 4.18, 4.19, 4.20 and 4.21
and each of the representations and warranties qualified as to materiality shall
be true and correct in all respects, and (b) those not so qualified shall be
true and correct in all material respects, as of the date hereof and as of the
time of Closing as though made as of such time, except to the extent any such
representations and warranties expressly relates to an earlier date (in which
case, subject to part (a) of this Section 6.1, such representations and
warranties qualified as to materiality shall be true and correct, and those not
so qualified shall be true and correct in all material respects, on and as of
such earlier date). Seller has duly performed, complied with and satisfied all
covenants, agreements and conditions required by this Agreement to be performed,
complied with or satisfied by it prior to the time of Closing. 

VI.2               Financing.
Buyer shall be able to obtain financing of the Purchase Price on commercially
reasonable terms. 

VI.3               Consents.
The Parties shall have obtained all consents necessary for each Party to
consummate the transaction without resulting in a breach or default under any
agreement or Contract to which such Party is bound and each Party, and Seller
shall have (i) obtained the written consent of its general and limited partners
in an amount necessary to effectuate this transaction, and (ii) obtained the
consent of any Governmental Authority necessary for the Buyer to operate the
Business after Closing Date, and, (iii) without limiting the generality of the
foregoing, Buyer shall obtained the written consent of the Landlord (defined
below) to Buyer’s assumption of the Real Estate Lease (defined below). 

VI.4               Action/Proceeding.
No Proceeding before a court or any other Governmental Authority or body shall
have been instituted or threatened by a third party to restrain or prohibit the
transactions herein contemplated. 

VI.5               Closing
Documents. Buyer, in its sole discretion, shall have approved of, and Seller
shall have executed and delivered to Buyer, all of the documents, agreements and
certificates required to be executed or delivered by Seller pursuant to any term
or provision of this Agreement. 

VI.6              
Encumbrances. At Closing, Buyer shall have received confirmation in form
and substance reasonably satisfactory to Buyer that, immediately following
Closing, any Indebtedness of Seller, that is an encumbrance on the Seller's
assets will either be fully repaid or refinanced and that there will be no
encumbrances applicable to the Seller's assets or the Seller other than trade
accounts payable and other Indebtedness that is in the name of the Seller 

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 VI.7              Licensure
and Operations. Seller shall have continuously operated the Hospital in a manner
that will not jeopardize any License necessary to operate the Business.

ARTICLE VII. 
CONDITIONS PRECEDENT TO
OBLIGATIONS OF SELLER 

The obligations of Seller hereunder are, at the option of
Seller, subject to the satisfaction, on or prior to Closing Date, of the
following conditions unless waived in writing by Sellers: 

VII.1 Compliance
  with Covenants. The representations and warranties of Buyer made in this
  Agreement qualified as to materiality shall be true and correct, and those not
  so qualified shall be true and correct in all material respects, as of the date
  hereof and as of the time of Closing as though made as of such time, except to
  the extent such representations and warranties expressly relate to an earlier
  date (in which case such representations and warranties qualified as to
  materiality shall be true and correct, and those not so qualified shall be true
  and correct in all material respects, on and as of such earlier date). Buyer
  shall have duly performed, complied with and satisfied all covenants, agreements
  and conditions required by this Agreement to be performed, complied with or
  satisfied by them prior to the time of Closing. 

VII.2              Consents.
The Parties shall have obtained all consents necessary for each Party to
consummate the transaction without resulting in a breach or default under any
agreement or Contract to which such Party is bound and each Party and the Seller
shall have obtained the consent of any Governmental Authority necessary for the
Buyer to operate the Seller and continue the Business after Closing Date. 

VII.3             
Action/Proceeding. No Proceeding before a court or any other Governmental
Authority shall have been instituted or threatened by a third party to restrain
or prohibit the transactions herein contemplated. 

VII.4              Closing
Documents. Sellers, in its sole discretion, shall have approved of, and
Buyer shall have executed and delivered to Sellers all of the documents,
agreements and certificates required to be executed or delivered by Buyer
pursuant to any term or provision of this Agreement. 

VII.5              Real
Estate Lease. In connection with this transaction, Buyer will use all
commercially reasonable efforts to assume all warranties, guarantees,
liabilities and other obligations of VPC, under that certain Guaranty executed
by VPC contemporaneously with the Real Estate Lease.

ARTICLE VIII. 
OTHER COVENANTS AND
AGREEMENTS 

VIII.1             Operations;
Buyer’s Financial Obligations.

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(a)                  Financial
Obligations. From May 11, 2015, Buyer shall cover the cost of all of
Seller’s operational expenses, on a going forward basis only, until the sooner
of Closing or the date that this Agreement is otherwise terminated. The parties
acknowledge that this obligation is not, and shall not be construed as, an
Assumed Liability.

(b)                  Transition
Services. Seller and VPC shall provide, on a temporary basis, certain
transitions services that are necessary to transfer the Purchased Assets to
Buyer and to carry out the matters described in this Section and in Section
8.1(c) below. In particular, and not as a limitation, VPC shall provide
Buyer or Buyer’s assignee access, and support for, VPC’s Meditech software
platform (but only with respect to Seller and not with respect to other
entities) in a manner that permits Buyer to reasonably operate the Business.
Buyer shall compensate Seller or VPC, as applicable, for providing all such
transition services according to the attached Schedule 8.1(b). From the
date of this Agreement until Closing or sooner as agreed upon by the parties,
the parties shall negotiate in good faith with respect to the services and fees
to be included on Schedule 8.1(b).

(c)                 
Continued Operations. From date of this Agreement until the earlier of
Closing or the termination of this Agreement, Seller will operate the Business
in the ordinary course of business and consistent with the past practices and
will use commercially reasonable efforts to: (a) carry on the Business and its
operations in substantially the same manner as Seller has heretofore and not
make any material change in personnel, operations, finance, accounting policies
or real or personal property of the Seller, except in the ordinary course of
business; (b) perform all of Seller's obligations under agreements relating to
or affecting the Purchased Assets or the Business; (c) keep in full force and
effect Seller's present insurance policies or other comparable insurance; (d)
notify Buyer immediately upon (i) the occurrence of any event, fact or
circumstance that is reasonably likely to result in the breach or inaccuracy of
any representation or warranty of Seller contained in this Agreement, or (ii)
the discovery of any event, fact or circumstance from which a reasonable person
would conclude that any representation or warranty of Seller contained in this
Agreement was inaccurate or incomplete when made; (e) maintain the Seller's
assets and all parts thereof in as good working order and condition as at
present, ordinary wear and tear excepted; (f) maintain and preserve its business
organization with respect to the Business intact, retain its present employees
related to the Business and maintain its relationship with physicians,
suppliers, customers and others having business relations with the Business; and
(g) permit and allow reasonable access by Buyer or an affiliate of Buyer to make
offers of post-Closing employment to any of Seller's personnel providing
services for the Business, which personnel shall be allowed to accept such
offers without penalty, competing offer or interference, and to establish
relationships with physicians and others having business relations with Seller.

VIII.2             
Cooperation in Proceedings; Further Assurances. After Closing, VPC and GP
shall reasonably cooperate with Buyer in their efforts to continue and maintain
for the benefit of Seller those business relationships of Seller existing prior
to Closing and relating to the Business of Seller and the operation of Seller,
including relationships with lessors, employees, regulatory authorities,
licensors, suppliers, lenders, and others. VPC, General Partner and their
respective officers, directors and managers, will refer to the Seller and/or
Buyer (as applicable) all inquiries relating to Seller. Neither VPC, General Partner or their
respective officers, directors and managers shall take any action that would
tend to diminish the value of Seller after Closing or that would interfere with
the Business of Seller or the operation of Seller. Following Closing, each of
the parties hereto shall, and shall cause their respective affiliates and
representatives to, execute and deliver such additional documents, instruments,
conveyances and assurances and take such further actions as may be reasonably
required to carry out the provisions hereof and give effect to the transactions
contemplated by this Agreement. 

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VIII.3           
Confidentiality. Seller recognizes that it has had access to certain
confidential information and trade secrets relating to the Business that are
valuable, special and unique assets of Seller, and Seller agrees that it shall
not, and shall cause its Affiliates not, to use or divulge to any person, firm,
corporation, association or other entity, for any purpose or reason whatsoever,
any confidential information or trade secrets relating to the Business;
provided, however, that the foregoing shall not apply to
information which: (a) is publicly available, generally known, or readily
ascertainable; (b) later becomes publicly available, generally known or readily
ascertainable through no fault of the applicable Seller; (c) is required to be
disclosed as a result of legal process; or (d) is disclosed to the applicable
Seller after Closing by a third person not in violation of any obligation of
non-disclosure owed to Seller or Buyer. 

VIII.4            Public
Announcements. No Party shall make any public announcements in respect of
this Agreement or the transactions contemplated herein or otherwise communicate
with any news media without the prior written consent of the other Party. The
Parties are authorized to make any disclosures necessary to obtain any consent
required to be obtained by that Party in order to consummate the transaction or
as such disclosure as may be required for a Party to comply with applicable Law.

VIII.5            Further
Assurances. From and after Closing, the parties hereto shall do such acts
and execute such documents and instruments as may be reasonably required to make
effective the transactions contemplated hereby. 

VIII.6            Non-Solicitation/No
Hire. For a period of one (1) year following Closing Date, each Seller shall
not directly or indirectly through another Person, (a) induce or attempt to
induce any employee of Seller to leave his or her employment, or in any way
interfere with the relationship between Seller and any such employee, or (b)
call on, solicit or service any customer, charterer, lessor, vendor, licensee,
licensor or other business relation of the Business in order to induce or
attempt to induce such Person to cease doing or decrease their business with
Seller and the Business, or in any way interfere with the relationship between
any such customer, charterer, lessor, vendor, licensee, licensor or other
business relation of the Business and Seller (including making any negative
statements or communications about the Business, Seller or its Affiliates). 

VIII.7            Signage;
Name Change. As soon as reasonably practicable after Closing, Buyer shall
cause Seller to change its name to such name as Buyer shall desire that does not
include the word "Victory". Within thirty (30) days Buyer shall have removed all
signage on or about the acute care hospital containing the word "Victory." 

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VIII.8            Audited
Financials; Consents. VPC shall cause to be completed the audited balance
sheet and the related audited statements of income and cash flows for the year
ended December 31, 2014 (the “2014 Financials”), which VPC shall deliver
to Buyer, as soon as reasonably practicable after the 2014 Financials’
completion. In the event that VPC incurs additional expenses in auditor fees
after April 17, 2015, Buyer shall pay directly or reimburse VPC for the amount
of such fees within 30 days of receiving an itemized bill. VPC shall request in
writing the consent of each accounting firm that conducted an audit (partial or
completed) of the Seller’s financial circumstances for the years ended December
31, 2014, December 31, 2013 and December 31, 2012 to use such firm’s audited
financial statements in any public filings of the Buyer’s corporate parent,
Nobilis Health Corp.

VIII.9            Assumption
of Promissory Note to Viewpoint. On or before the first Business Day that is
thirty (30) days after Closing, Buyer or its assignee shall assume the remaining
balance of that certain Promissory Note, dated April 17, 2014 and executed by
the Seller in favor of Viewpoint Bank N.A. (now Legacy Bank of Texas NA), in the
original principal amount of $12,500,000.00, (the "Viewpoint
Notes").

ARTICLE IX. 
SURVIVAL;
INDEMNIFICATION 

IX.1              
Survival. 

(a)                
The representations and warranties of Sellers contained in this Agreement shall
survive for a period of twenty-four (24) months following Closing Date, except
for representations and warranties contained in Sections 4.1, 4.2, 4.3, and 4.4, which will continue in full force and effect in perpetuity; provided,
however, such survival period shall not apply to any breach or
nonfulfillment of any covenants or agreements made by Seller herein or in any
document executed in connection herewith, including, but not limited to, the
failure to abide by the non-competition and confidentiality provisions contained
herein, and shall further not apply claims involving fraud, willful misconduct
or intentional misrepresentation on the part of Seller. 

(b)                 The
representations and warranties of Buyer contained in Article V shall survive for
a period of twenty-four (24) months from Closing Date, except for
representations and warranties contained in Sections 5.1, 5.2 and 5.3,  which will continue in full force and effect in
perpetuity; provided however, such survival period shall not apply to any breach
or nonfulfillment of any covenants or agreements made by Buyer herein or in any
document executed in connection herewith. 

IX.2               Indemnification
by Seller. 

(a)                 Subject
to the provisions and limitations of this Article, from and after Closing Date,
each Seller, jointly-and-severally, shall indemnify and hold harmless Buyer and
its Affiliates (the "Buyer Indemnified Parties") from and against
any and all Taxes, claims, liabilities, damages, losses, demands, obligations,
deficiencies, costs, and expenses of any nature whatsoever, including, without
limitation, reasonable attorneys' fees, accountants' fees, or diminution in
value, and all costs of investigation, and other expenses of defending any
actions or claims, amounts of judgment and amounts paid in settlement, whether
or not involving a third party claim, together with interest thereon at the rate
provided by Law, compounded annually from the date incurred until paid
(collectively referred to as the "Damages"), suffered by such
Buyer Indemnified Parties resulting from or arising out of (i) any breach of any
of the representations or warranties made by Sellers in this Agreement or in any
document executed in connection herewith, (ii) any breach or nonfulfillment of
any covenants or agreements made by Sellers in this Agreement or in any document
executed in connection herewith, or (iii) any event arising from the operation
and ownership of, or conditions occurring with respect to, Seller or the
Business (including but not limited to the Seller) before 11:59 p.m. on Closing
Date (each claim made by the Buyer Indemnified Parties pursuant to this Section 9.2(a) shall be a "Buyer
Claim"). 

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(b)                The
Buyer Indemnified Parties shall not be entitled to assert any Buyer Claim for
indemnification pursuant to this Section 9.2 after the dates provided in Section 9.1;  provided, however, that if on or prior to such date a
Notice of Claim (as defined below) shall have been given pursuant to Section 9.4 hereof for such indemnification, the
Buyer Indemnified Parties shall continue to have the right to be indemnified
with respect to such Buyer Claim until such claim for indemnification has been
satisfied or otherwise resolved as provided in this Article. 

(c)                
All Buyer Claims shall be net of any insurance proceeds actually received as a
result of the matter for which indemnification is claimed. 

(d)               
 Sellers shall have no recourse against Seller in the event the Sellers are
required to indemnify the Buyer Indemnified Parties pursuant to this Agreement.

IX.3             
 Indemnification by Buyer. 

(a)               
 Subject to the provisions of this Article, from and after Closing Date,
Buyer shall indemnify and hold harmless Sellers and their Affiliates (the
"Seller Indemnified Parties") from and against any and all Damages
(as defined in Section 9.2(a) herein)
suffered by such Seller Indemnified Parties resulting from or arising out of (i)
any breach of any of the representations or warranties made by the Buyer in this
Agreement or in any document executed in connection herewith, (ii) any breach or
nonfulfillment of any covenants or agreements made by Buyer herein or any
document executed in connection herewith, notwithstanding when any such breach
or nonfulfillment may occur, (iii) the operation of the Business (including
without limitation the Seller) from and after 11:59 p.m. on Closing Date; and
(iv) any default with respect to the Assumed Contracts. For purposes of this
Section 9.3 (a) the Parties hereto acknowledge and agree that both Robert N.
Helms, Jr. and Harsad D. Patel, M.D. are third party beneficiaries with respect
to the indemnification obligations of Buyer upon a default as described
hereunder. 

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(b)                
None of the Seller Indemnified Parties shall be entitled to assert any claim for
indemnification pursuant to this Section 9.3 after the dates provided in Section 9.1; provided, however, that if on or prior to such date a
Notice of Claim shall have been given pursuant to Section 9.4 hereof for such indemnification, the Seller Indemnified
Parties shall continue to have the right to be indemnified with respect to such
indemnification claim until such claim for indemnification has been satisfied or
otherwise resolved as provided in this Article. 

(c)                
All claims for indemnification by Seller Indemnified Parties shall be net of any
insurance proceeds actually received as a result of the matter for which
indemnification is claimed. 

IX.4             
 Indemnification Procedures. 

(a)                
Upon obtaining knowledge of any claim or demand which has given rise to a claim
for indemnification under Section 9.2 or Section 9.3, the Buyer Indemnified Parties
or the Seller Indemnified Parties (each, an "Indemnified Party")
shall give written notice ("Notice of Claim") of such claim or
demand to the Seller Indemnified Parties or Buyer (each, an "Indemnifying
Party"). In each case, such Notice of Claim shall specify in reasonable
detail such information as the Indemnified Parties may have with respect to such
indemnification claim (including copies of any summons, complaint or other
pleading which may have been served on such party and any written claim, demand,
invoice, billing or other document evidencing or asserting the same);
provided, however, that, subject to the limitations set forth in
Sections 9.1, 9.2 or 9.3, respectively, no
failure or delay by the party giving the Notice of Claim shall reduce or
otherwise affect the obligation of the Indemnifying Party unless and to the
extent the Indemnifying Party is thereby prejudiced. 

(b)               
Within thirty (30) Business Days of receiving a Notice of Claim, the
Indemnifying Party may object to such indemnification claim, stating in
reasonable detail the bases for such objection. Any objection to a Notice of
Claim must be signed by one or more representatives of the Indemnifying Party or
its counsel and shall set forth in reasonable detail the items as to which
disagreement exists (the "Disputed Matters"). If an objection is
delivered, the Indemnified Party and the Indemnifying Party shall negotiate in
good faith to resolve in writing any Disputed Matters. If they are unable to
reach an agreement with respect to the Disputed Matters within a period of
thirty (30) Business Days after the receipt of an objection, then the parties
shall be free to pursue litigation with respect to any such Disputed Matters as
to which written agreement has not been reached shall be resolved in a manner
consistent with ARTICLE X.

(c)               
If any lawsuit or other action is filed or instituted against any of the
Indemnified Parties with respect to a matter subject to indemnity hereunder (a
"Third Party Claim"), notice thereof (a "Third Party
Notice") shall be given to the Indemnifying Party as promptly as
practicable (and in any event within fifteen (15) calendar days after the
service of the citation or summons). Subject to the limitations set forth in
Sections 9.1, 9.2 or 9.3,  respectively, the
failure of the Indemnified Parties to give timely notice hereunder shall not
affect rights to indemnification hereunder, except to the extent the
Indemnifying Party has actually been prejudiced as a result. After receipt of a
Third Party Notice, the Indemnifying Party shall have the right to conduct the
defense of the claim through counsel selected by the Indemnifying Party and
approved by the Indemnified Party (which approval shall not be unreasonably
withheld), and the assertion of such right shall constitute an acknowledgment by
the Indemnifying Party that such claim is an indemnifiable claim for which the
Indemnifying Party is responsible under Sections 9.2 or 9.3 above. The Indemnified
Party may retain separate co-counsel at its sole cost and expense and
participate in the defense of the Third Party Claim. If the Indemnifying Party
does not assume and diligently conduct such defense, the Indemnifying Party
shall be liable for all costs and expenses incurred by the Indemnified Party in
defending the claim, including reasonable fees and disbursements of counsel.
Neither the Indemnifying Party nor the Indemnified Party will consent to the
entry of any judgment or enter into any settlement with respect to such Third
Party Claim without the prior written consent of the other party (i.e., the
Indemnified Party or the Indemnifying Party, as applicable), which consent will
not be unreasonably withheld, delayed or conditioned. In the event, after having
first provided the Indemnifying Party an opportunity to fulfill the obligations
of the Indemnifying Party hereunder, the Indemnified Party then brings an action
against the Indemnifying Party upon any claim for indemnification under Sections 9.2 or 9.3 above, the Indemnifying Party shall be liable to the Indemnified
Party for the Indemnified Party's reasonable fees and disbursements of counsel
in connection therewith if the Indemnified Party prevails in the action. The
parties shall also cooperate with each other in any notifications to
insurers.

 20 

	NOBILIS HEALTH
      CORP. 
	Asset Purchase Agreement 
	Victory Medical Center Plano LP 

(d)                
If the indemnification claim is made pursuant to Section 9.2, the total amount of such matured claims shall be paid in
accordance with Section 9.2; likewise, if
the indemnification claim is made pursuant to Section 9.2, the total amount of such matured claims shall be paid in
accordance with Section 9.3. 

IX.5               Limitations on Indemnification of Seller.  Except as set forth in the last and next to last sentence of this Section 9.5, Seller will have no liability for money Damages under Section 9.2 unless and until the aggregate Damages claimed under Section 9.2(a) exceed $50,000 (individual claims of less than $5,000 that are not reasonably related to other claims shall not be included in the calculation of such $50,000); provided, however, that if the aggregate Damages claimed under Section 9.2(a) exceed $50,000, then Seller's liability will relate back to and include the first dollar of aggregate Damages so claimed, in which case Seller's liability will relate back to and include the first dollar of aggregate Damages so claimed. 

IX.6             
 Exclusive Remedy. The rights of the Indemnified Parties under this
ARTICLE IX shall be the exclusive remedy of such
Indemnified Parties with respect to claims resulting from any breach by the Indemnifying
Parties of any representation, warranty, covenant or agreement contained in this
Agreement; provided, however, that this Section 9.6 is not intended in any way to limit or restrict
the right of any party to separately seek equitable remedies, including
injunctive relief or to pursue a claim for fraud or other non-waivable rights of
action. 

21 

	NOBILIS HEALTH
      CORP. 
	Asset Purchase Agreement 
	Victory Medical Center Plano LP 

IX.7             
Tax Treatment of Indemnity Payments. All amounts paid with respect to
indemnity claims under this Agreement shall be treated by the parties hereto for
all Tax purposes as adjustments to the Purchase Price, unless otherwise required
by Law. 

ARTICLE X. 
DISPUTED MATTERS

X.1               
Attorneys' Fees With Respect to Litigation. If Seller, on the one hand,
or Buyer, on the other hand, initiates any legal action or lawsuit against the
other, involving this Agreement or any agreement executed pursuant hereto, the
prevailing party in such action or suit shall be entitled to receive
reimbursement from the other party for all reasonable attorneys' fees, experts'
fees, and other costs and expenses incurred by the prevailing party in respect
of that Proceeding, including any and all appeals thereof, and such
reimbursement shall be included in judgment or final order issued in such
Proceeding. 

X.2              
 Governing Law; Jurisdiction and Venue. This Agreement shall be
governed by and construed in accordance with the Laws of the State of Texas,
excluding its conflict of laws provisions. Each party hereto hereby irrevocably
submits to the exclusive jurisdiction of the United States District Court
located in Harris County, Texas, for the purposes of any action arising out of
this Agreement or the subject matter hereof brought by any party under this
Agreement. To the extent permitted by applicable Law, each party hereby waives
and agrees not to assert, by way of motion, as a defense or otherwise, in any
action under this Agreement, any claim (a) that it is not personally subject to
the jurisdiction of the above-named courts, (b) that such action is brought in
an inconvenient forum, (c) that it is immune from any legal process with respect
to itself or its property, (d) that the venue of the Proceeding is improper, or
(e) that this Agreement or the subject matter hereof may not be enforced in or
by such courts. 

ARTICLE XI. 
MISCELLANEOUS

XI.1             
Waiver. At any time prior to Closing Date, any party hereto may (a)
extend the time for the performance of any of the obligations or other acts of
the other parties hereto, (b) waive any inaccuracies in the representations and
warranties of the other parties contained herein or in any document delivered
pursuant hereto, and (c) waive compliance by the other parties with any of the
agreements or conditions contained herein. Any such waiver shall be valid only
if set forth in an instrument in writing signed by the party or parties to be
bound thereby, but such extension, waiver or failure to insist on strict
compliance with an obligation, covenant, agreement or condition shall not
operate as a waiver of, or estoppel with respect to, any subsequent or other
failure. 

22 

	NOBILIS HEALTH
      CORP. 
	Asset Purchase Agreement 
	Victory Medical Center Plano LP 

XI.2             
Notices. Any notices or other communications required or permitted under,
or otherwise in connection with this Agreement, shall be in writing and shall be
deemed to have been duly given when delivered in person or upon confirmation of
receipt when transmitted by facsimile transmission (but only if followed by
transmittal by national overnight courier or hand delivery on the next Business
Day or by international courier for delivery within the next three (3) Business
Days) or on receipt after dispatch by registered or certified mail, postage
prepaid, addressed, or on the next Business Day if transmitted by national
overnight courier or within the next three (3) Business Days if transmitted by
international courier, in each case as follows: 

	 	If to Buyer, to: 	Nobilis 
	 	  	     
	 	  	     
	 	  	Attention: 	 
	 	  	Facsimile No.: 	 
	 	  	  
	 	  	  
	 	With a copy to: 	  
	 	  	     
	 	  	     
	 	  	Attention: 	 
	 	  	Facsimile No.: 	 
	 	  	  
	 	  	  
	 	If to Seller, to: 	Victory Medical Center Plano LP
	 	  	2201 Timberloch Place, Ste. 200
	 	  	The Woodlands, TX 77580 
	 	  	Attention: Robert N. Helms, Jr.
	 	  	  
	 	  	  
	 	With a copy to: 	Baker Donelson 
	 	  	1301 McKinney Street, Suite 3700  
	 	  	Houston, TX 77010 
	 	  	     
	 	  	Attention: 	 
	 	  	Facsimile No.: 	 

XI.3             
Assignment. No party hereto shall assign this Agreement or any part
hereof without the prior written consent of the other party; provided,
however, Buyer may assign its rights hereunder to any Affiliate. Except
as otherwise provided herein, this Agreement shall be binding upon and inure to
the benefit of the parties hereto and their respective permitted successors and
assigns. 

XI.4             
Rights of Third Parties. Nothing expressed or implied in this Agreement
is intended or shall be construed to confer upon or give any Person, other than
the parties hereto, any right or remedies under or by reason of this Agreement.

23 

	NOBILIS HEALTH
      CORP. 
	Asset Purchase Agreement 
	Victory Medical Center Plano LP 

XI.5             
Reliance. Each of the parties to this Agreement shall be deemed to have
relied upon the accuracy of the written representations and warranties made to
it in or pursuant to this Agreement, notwithstanding any investigations
conducted by or on its behalf or notice, knowledge or belief to the contrary.

XI.6             
Expenses. Each party hereto shall bear its own expenses incurred in
connection with this Agreement and the transactions herein contemplated whether
or not such transactions shall be consummated, including, without limitation,
fees of its legal counsel, financial advisers and accountants; provided,
however, prior to Closing Seller shall pay all of the costs and expenses of
Seller and incurred in connection with or related to the authorization,
preparation and execution of this Agreement and the closing of the transactions
contemplated herein. 

XI.7             
Captions; Counterparts. The captions in this Agreement are for
convenience only and shall not be considered a part of or affect the
construction or interpretation of any provision of this Agreement. This
Agreement may be executed in two or more counterparts (including by means of
facsimile), each of which shall be deemed an original, but all of which together
shall constitute one and the same instrument. 

XI.8             
Entire Agreement. This Agreement (together with the Exhibits and the
Schedules to this Agreement) constitute the entire agreement among the parties
and supersede any other agreements, whether written or oral, that may have been
made or entered into by or among any of the parties hereto or any of their
respective Affiliates relating to the transactions contemplated hereby and
thereby. No representations, warranties, covenants, understandings, agreements,
oral or otherwise, relating to the transactions contemplated by this Agreement
exist between the parties except as expressly set forth in this Agreement. 

XI.9            
Severability. If any provision of this Agreement (or any portion thereof)
or the application of any such provision (or any portion thereof) to any person
of circumstance shall be held invalid, illegal or unenforceable in any respect
by a court of competent jurisdiction, the parties hereto request that the court
reform such provision in a manner sufficient to cause such provision to be
enforceable. 

XI.10           Amendments.
This Agreement may be amended only by a written instrument signed by both
parties. 

[Signature Pages Next Page] 

24 

	NOBILIS HEALTH
      CORP. 
	Asset Purchase Agreement 
	Victory Medical Center Plano LP 

IN WITNESS WHEREOF, this Asset Purchase Agreement has
been duly executed and delivered as of the date first above written. 

BUYER: 

Nobilis Health Holdings Corp.

a British Columbia corporation

By:
  /s/ Harry Fleming                                  

Name:
Harry Fleming                                   

Title:
Chairman                                            

SELLER: 

Victory Medical Center Plano,
LP 

By it General Partner

          Victory
Medical Center Plano GP, LLC

                   
a Texas limited liability company 

By:
  /s/ Robert N. Helms, Jr.                        

Name:
Robert N. Helms, Jr.                         

Title:
Manager                                              

Victory Parent Center

Victory Parent Company, LLC

By:
  /s/ Robert N. Helms, Jr.                        

Name:
Robert N. Helms, Jr.                        

Title:
Manager                                             

Appendix I 

Definitions 

 "Affiliate" means, with respect to any Person, any
other Person directly or indirectly controlling, controlled by or under common
control with such Person. For the purposes of this Agreement, "control,"
when used with respect to any Person, means the possession, directly or
indirectly, of the power to (a) vote 10% or more of the securities having
ordinary voting power for the election of directors (or comparable positions) of
such Person or (b) direct or cause the direction of the management and policies
of such Person, whether through the ownership of voting securities, by contract
or otherwise, and the terms "controlling" and "controlled" have
meanings consistent with the foregoing. 

"Agreement" has the meaning specified in the preamble to
this Agreement. 

"Assumption Agreement" has the meaning set forth in
Section 2.2(a).

"Balance Sheet Date" means February 28, 2015. 

"Business Day(s)" means a day other than Saturday,
Sunday or any day on which banks located in the State of Texas are authorized or
obligated to close. 

"Closing" means the closing of the transactions
contemplated by Section 3.1. 

"Closing Date" means the date on which Closing actually
occurs. 

"Code" means the Internal Revenue Code of 1986, as
amended. 

"Contracts" means any contracts, agreements,
subcontracts, leases, notes, indentures, commitments, memoranda of understanding
and purchase orders, whether written or oral and each amendment, supplement, or
modification (whether written or oral) in respect of any of the foregoing, in
each case as currently in effect. 

"Employee Benefit Plan" means any (a) nonqualified
deferred compensation or retirement plan or arrangement that is an Employee
Pension Benefit Plan, (b) qualified defined contribution retirement plan or
arrangement that is an Employee Pension Benefit Plan, (c) qualified defined
benefit retirement plan or arrangement that is an Employee Pension Benefit Plan
(including any Multiemployer Plan), (d) Employee Welfare Benefit Plan or
material fringe benefit plan or program, (e) plan that would be an "employee
benefit plan" as such term is defined in ERISA Section 3.3 if it was subject to
ERISA, (f) equity bonus, equity ownership, equity option, equity purchase,
equity appreciation rights, phantom equity or other equity plan, (g) bonus or
incentive compensation plan, or (h) holiday or vacation practice or other
paid-time off program, or workers compensation plan or program, in each case,
that is or has been maintained, sponsored, contributed to, or required to be
contributed to by Seller or any of its Affiliates for the benefit of any current
or former employee, director, retiree, independent contract or consultant, or any spouse or dependent, or with
respect to which Seller or any of its Affiliates may have any liability.

"Employee Pension Benefit Plan" has the meaning
specified in ERISA Section 3.2. 

"Employee Welfare Benefit Plan" has the meaning
specified in ERISA Section 3.1. 

"Environment" means soil, land surface or subsurface
strata, waters (including, navigable ocean, stream, pond, reservoirs, drainage,
basins, wetland, ground, and drinking), sediments, ambient air (including
indoor), noise, plant life, animal life, and all other environmental media or
natural resources. 

"Environmental, Health, and Safety Requirements" means
all orders, Contracts, Laws, and programs (including those promulgated or
sponsored by industry associations, insurance companies, and risk management
companies) concerning or relating to public health and safety,
worker/occupational health and safety, and pollution or protection of the
Environment, including those relating to the presence, use, manufacturing,
refining, production, generation, handling, transportation, treatment, transfer,
storage, disposal, distribution, importing, labeling, testing, processing,
discharge, Release, threatened Release, control, or other action or failure to
act involving cleanup of any Hazardous Materials, substances or wastes, chemical
substances or mixtures, pesticides, pollutants, contaminants, toxic chemicals,
petroleum products or byproducts, asbestos, polychlorinated biphenyls, noise, or
radiation, each as amended and as now in effect. 

"Equipment Leases" has the meaning set forth in Section
4.17(a) . 

"ERISA" means Employee Retirement Income Security Act of
1974, as amended. "GAAP" means generally accepted United States
accounting principles. 

"Guaranty Replacement" or "Guaranty Replacements"
shall have the meaning set forth in Section 4.17(a).

"General Partner" shall mean the general partner of
Seller. 

"General Seller Interests" has the meaning set forth in
the recitals. 

"Governmental Authority" means any national, federal,
state, county, municipal, local or foreign government, or other political
subdivision thereof and any entity exercising executive, legislative, judicial,
regulatory or administrative functions of or pertaining to government. 

"Hazardous Materials" shall mean any (a) pollutants,
contaminants, and toxic or hazardous materials or substances, (b) solid wastes,
including asbestos, polychlorinated biphenyls, mercury, buried contaminants,
chemicals, flammable or explosive materials, (c) radioactive materials or
radiation, (d) petroleum wastes and spills or Releases of petroleum products,
and (e) any other material or substance the storage, manufacture, disposal,
treatment, generation, use, transport, mediation or Release into the Environment
of which is prohibited, controlled, regulated, or licensed under any
Environmental, Health, and Safety Requirements. 

"Seller" shall mean the licensed general acute care
hospital located in Plano, Texas owned and operated by Seller. 

"Indebtedness" means, with respect to a Person, any
obligations of such Person: (a) for borrowed money, including related fees and
expenses; (b) evidenced by notes, bonds, debentures or similar instruments; (c)
for the deferred purchase price of goods or services (other than trade payables
or accruals incurred in the ordinary course of business consistent with past
practices); (d) all obligations under terms that are or should be, in accordance
with GAAP, recorded as capital leases; (e) liabilities in respect of unfunded
vested benefits under any Employee Benefit Plan; (f) all customer deposits or
(g) in the nature of guarantees of the obligations described in clauses
(a) through (f) above of any other Person. 

"Knowledge" and any other similar phrase or variation
thereof means the knowledge, following such inquiries and investigations as
would be deemed appropriate by a reasonable businessperson engaged in a the
ownership and operation of a general acute care hospital, of Robert N. Helms,
Jr., Ivan Wood and Robert Garcia. 

“Landlord” has the meaning specified in Section 7.5.

"Laws" means all federal, state, local or foreign laws,
legislation, statutes, constitutions, rules, regulations, codes, edicts,
orders, judgments, decrees, ordinances, or legally-binding directives, guidance
or pronouncements or rules of common law of any Governmental Authority. 

"Liabilities" has the meaning specified in Section
4.5(b) . 

"Liceses" means all of the licenses, permits,
certificates, exemptions, franchises and other authorizations from any
Governmental Authority or other third party necessary or proper for the use,
occupancy or operation of the Seller as conducted as of Closing. 

"Lien" means any claim, lien, pledge, option, right of
first refusal, easement, security interest, deed of trust, mortgage,
right-of-way, encroachment, restrictive covenant or other encumbrance, whether
voluntarily incurred or arising by operation of law, and includes, without
limitation, any agreement to give any of the foregoing in the future, and any
contingent or conditional sale agreement or other title retention agreement or
lease in the nature thereof. 

"Limited Partners" shall mean the limited partners of
the Seller. 

“Material Asset” has the meaning specified in Section
4.7. 

“Material Contracts” has the meaning specified in
Section 4.7. 

"Multiemployer Plan" has the meaning specified in ERISA
Section 3(37). 

"Seller" has the meaning set forth in the recitals.

"Seller Promissory Note" has the meaning set forth in
Section 8.9. 

"Party" or "Parties" has the meaning specified in
the preamble to this Agreement. 

"Person" means any individual, corporation, partnership,
joint venture, association, joint-stock company, trust, unincorporated
organization, limited liability company or government or other entity. 

"Proceeding" means any action, complaint, suit,
litigation, arbitration or proceeding (including any civil, criminal,
administrative, investigative or appellate proceeding), hearing, inquiry,
review, audit, examination or investigation commenced, brought, conducted or
heard by or before, or otherwise involving any court, tribunal or other
Governmental Authority or any arbitrator or arbitration panel. 

"Purchase Price" has the meaning specified in Section 2.2.

"Purchased Assets" has the meaning set forth in the
recitals. 

"Buyer" has the meaning specified in the preamble to
this Agreement. 

"Real Estate Lease" has the meaning set forth in Section 7.5.

"Release" means any spilling, leaking, emitting,
discharging, depositing, escaping, leaching, dumping, or other release into the
Environment. 

 "Tax" or "Taxes" means (a) any and all
federal, state, local, or foreign income, gross receipts, license, payroll,
employment, excise, severance, stamp, occupation, premium, windfall profits,
environmental (including taxes under Section 59A of the Code), customs duties,
capital stock, franchise, margin, profits, withholding, social security (or
similar), unemployment, disability, real property, personal property, sales,
use, transfer, registration, value added, alternative or add-on minimum,
estimated, or other tax, premium, contribution, charge, assessment or duty of
any kind whatsoever, wheresoever chargeable and whether in the United States of
any other jurisdiction, including any interest, penalty, or addition thereto and
any interest in respect of such penalties or additions, whether disputed or not,
(b) any liability for the payment of any item described in clause (a) as a
result of being a member of an affiliated, consolidated, combined, unitary, or
aggregate group for any period, including pursuant to Treasury Regulations
Section 1.1502 -6 (or any analogous or similar provisions under state, local or
foreign Law); (c) any liability for the payment of any item described in clause
(a) or (b) as a result of any express or implied obligation to indemnify any
Person or as a result of any obligations under any agreements or arrangements
with any Person with respect to such item; or (d) any successor or transferee
liability for the payment of any item described in clause (a), (b) or (c) of any
Person, including by reason of being a party to any merger, consolidation,
conversion or otherwise. 

"Tax Return" means any return, declaration, report,
claim for refund, or information return or statement relating to Taxes,
including any schedule or attachment thereto, and including any amendment
thereof. 

"Third Party Non-Tax Claim" means a Third Party Claim
that does not pertain to Taxes. 

"Viewpoint Notes" has the meaning specified in Section
8.9. 

"VPC Properties" has the meaning set forth in Section 7.5.

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