Document:

Exhibit 10.1

 

Cooperation Agreement

 

between

 

SunHydrogen, Inc

10 E Yanonali Street Suite 36

Santa Barbara, CA 93101

- “SUNHYDROGEN” -

 

and

 

Gebr. SCHMID GmbH

Robert-Bosch-Straße
32-36

72250 Freudenstadt

Germany

 

- “SCHMID” -

 

Recitals: 

 

SCHMID has developed several tool and process platforms for
industrial processing of flat and continuous substrates for the electronic, PV, medical and commodity industries. Besides having
decades of experience in providing tools to the industry in the field of specialized immersion and single side chemical treatment
such as anodizing, chemical deburring, etching, cleaning and chemical bath deposition, electro and electroless plating, thin film
deposition in ambient and low pressure environment, one of the major strengths of the company is to industrialize processes from
lab to mass manufacturing.

 

SUNHYDROGEN has developed a breakthrough nanoparticle technology
to make green hydrogen using sunlight and any source of water. SUNHYDROGEN seeks to identify and develop manufacturing processes
to scale-up second generation (“Gen2”) nanoparticle technology to transition from lab-scale to commercial scale.

 

The intention of the cooperation is
to commonly design and define a machine platform along with processes that enable mass manufacturing of the SUNHYDROGEN hydrogen
generator. Each party will be sharing certain information needed to replicate and manufacture GEN 2 nanoparticles, which information
shall be deemed “Confidential Information” pursuant to the terms of the Confidentiality Agreement.

 

		1.	Scope of the Agreement

 

		1.1.	SCHMID shall support SUNHYDROGEN with the implementation
of SUNHYDROGEN laboratory processes on SCHMID’s equipment. SCHMID represents and warrants that it owns all equipment necessary
to perform its obligations hereunder. Throughout the term of this agreement, SCHMID shall provide the manpower of 3 full-time
engineers and make the equipment available to SUNHYDROGEN which is present at SCHMID ́s research center in Freudenstadt (“Service”).
SUNHYDROGEN shall have the right to have two representatives on site on a full time basis to coordinate, inspect, and oversee
the Service, including the SCHMID equipment and personnel. Each party shall be responsible for any and all wages, benefits, travel
and expenses for its employees and independent contractors in connection with the performance of its obligations under this agreement.

 

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		1.2.	At the earliest, after 6 months after execution of
this agreement but no later than 8 months after execution of this agreement, SCHMID will provide a concept for customized manufacturing
equipment to manufacture PAH in large-scale, along with a good faith offer (which will include a cost estimate and other relevant
details) with respect to the implementation of the Process on such SCHMID equipment. “Process” means the manufacturing
process of PAH from preparing substrates to completing PAH as a fully functioning PV/PEC component. SCHMID shall also consider
alternatives other than SCHMID equipment. SCHMID shall report to SUNHYDROGEN on a bi-weekly basis. In any case, SUNHYDROGEN and
SCHMID agree that SCHMID shall have no legal obligation to deliver a solution. No success is owed by SCHMID. If a successful solution
is achieved, the parties shall negotiate in good faith to enter into a Phase II agreement.

 

		1.3.	The scope of the work to be performed by SCHMID (the
“Services”) within the 6-month term of this agreement is as set forth on Exhibit A and as follows:

 

		1.	Design Evaluation Phase. The Design Evaluation Phase
will, among other things, generate a general understanding of the SUNHYDROGEN process challenges and include an evaluation of
the pros and cons of design alternatives, identification of potential alternative routes, and definition of targets jointly discussed
between the parties. The Design Evaluation Phase will continue for six months (overlapping with the other phases) and will further
include:

 

		-	Process
flow evaluation, including material streams and process time per step for generation 1 (“Gen 1”) and Gen 2 of the
SUNHYDROGEN hydrogen generator. For clarify, the hydrogen generator includes both PAH and the housing device;

 

		-	Transition
from lab scale into first idea of production machines, such as potentiostats/galvanostats, e-beam evaporator, and/or sputter,
for a given output;

 

		-	Joint
discussion of results achieved with Sun Hydrogen, including bi-weekly
meetings and a monthly progress chart in mutually acceptable form;

 

		-	Evaluation
of potential alternative stack design processes and materials for each material component (e.g. anodized aluminium (“Al”)
versus perforated ultra-thin glass). This includes the use of
perforated glass substrate to substitute alumina that replaces electrochemical anodization process, and the use of high-efficiency
photovoltaic (“PV”) materials such as perovskite and copper indium gallium selenide (“CIGS”) inside the
porous substrate. Only where accessible, practical tests will be conducted with the porous glass. For perovskite or CIGS, third
parties may be included if it is crucial to proceed with practical tests on such alternatives; provided, however, that
no third party shall be involved unless the involvement of such third party is expressly approved in writing by SUNHYDROGEN and
such third party enters into an agreement (including confidentiality undertakings) in a form approved by SUNHYDROGEN in writing;

 

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		-	Analysis
of the principle device structure and benchmarking against alternative concepts in regard to production simplification, field
maintenance, operation stability, life cycle assessment, and performance; benchmarking the
current stack against alternatives under consideration of the above mentioned aspects (e.g., evaluate if the PV and hydrogen part
can be rearranged in the module such that the membranes or PV-cells can be exchanged separately for e.g. maintenance);

 

		-	Benchmarking
against current competing similar technologies (e.g. Fraunhofer MehrSi project based on III-IV materials and other current ongoing
projects in regards to PAHs (“PAH” has the meaning set forth on Exhibit B);
definition of metrology and analysis tools needed for the process - scanning electron microscopy (“SEM”)
for structural characterization, profilometer for measuring the substrate film thickness, solar simulator (large spot size) and
potentiostat for PV and photoelectrochemical (“PEC”) characterization;

 

		-	Security
and safety aspects in production as well as product safety in field operation;

 

		-	Defining
joint development targets for each process step. Both parties will exchange information
about all process steps in order to understand and enable a joint development not only on plating but also on other relevant matters
such as module assembly (including liquid delivery, gas outlets, outer casing, and membrane integration), matrix and cell connection,
and thin film coating besides plating, among others;

 

		-	Identifying
the need for cooperation and/or partnerships (e.g. new materials or processes (e.g. perovskite,
special glass composition for the porous glass, etc.) that require a third party for supply or development, and/or a partner for
chemistry, such as Dupont or an institute. SCHMID uses very commonly the support of the Fraunhofer ISE, ISC Konstanz or ISFH in
Germany. No third party shall be involved unless the involvement of such third party is expressly approved in writing by SUNHYDROGEN
and such third party enters into an agreement (including confidentiality undertakings) in a form approved by SUNHYDROGEN in writing;

 

		-	Cost
of ownership calculations and benchmarking. For comparison of a PAH setup versus a modular
setup with separate energy supply and hydrogen generation, the goal is to have a solid decision matrix for the industrialization
path forward; and

 

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		-	First
draft of a specification sheet reflecting needed pilot equipment as well as analysis and metrology tools.

 

		2.	Process Evaluation Phase (3-month phase to commence
after receiving first results of the Design Evaluation Phase). The Process Evaluation Phase will include the following:

 

		-	Transfer
of the main process into the SCHMID technical center (the main processes of anodization
and electroplating of semiconductors);

 

		-	Set
up and modify first lab tools, including cleanroom tools for substrate manufacturing, electrochemical
tools for deposition, and PEC/PV measurement tools for efficiency analysis;

 

		-	Detailed
analysis of the processes concerning stability, eligibility for mass manufacturing and performance - analysis of the manufactured
PAH structure for its stability and its solar to hydrogen production performance, and eligibility for mass manufacturing; and

 

		-	Build
up demonstrators for process verification and classification - Build a demonstrating panel including the manufactured PAH structures
incorporated into a housing device for solar hydrogen production process verification and classification.

 

		3.	Engineering Phase (one-month phase commencing at the
end of the fifth month). The Engineering Phase will include the following:

 

		-	Adjusting
metrology if needed;

 

		-	Machine
layout engineering - a layout of the machine required for mass manufacturing PAH and a housing device;

 

		-	Conceptual
facility layout - a conceptual facility layout including detailed information on labor, materials, and machinery needed;

 

		-	CAPEX
overview plan for an initial industrial pilot line with ramp up outlook; and

 

		-	CAPEX
and OPEX for the industrial pilot line to manufacture PAH.

 

If feasible, after 6 months both parties will jointly generate
the base for a solid cost and timeline for building up an industrial scale prototype production with a defined substrate, size,
process sequence and throughput requirement with minimized risk.

 

In the event of any conflict or inconsistency between the provisions
of this Section 1.3 and Exhibit A, Exhibit A shall control.

 

		1.4.	SCHMID will allow SUNHYDROGEN to visit the production
line during processing of the samples.

 

		1.5.	SUNHYDROGEN shall support SCHMID with all details
of their laboratory processes and know-how which is necessary to reach the goal set forth under clause 1.1.

 

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		1.6.	SUNHYDROGEN will share data of finished samples for
evaluation by SCHMID to help identify opportunities for improvement.

 

		2.	Intellectual Property

 

		2.1.	Each Party shall promptly disclose in confidence to
the other Parties all resulting intellectual property rights of any description including but not limited to patents, copyrights,
design rights (registered or unregistered), trademarks, know-how and database rights arising from and developed in the course
of this Agreement by any of the parties (“Resulting IP”). During the term of this Agreement, the Parties shall
co-operate, where reasonably required, in relation to the preparation and prosecution of patent applications and any other Resulting
IP applications, and in relation to any legal proceedings concerning such patents and patent applications and any other Resulting
IP applications.

 

		2.2.	Any intellectual property rights which are existing
at the time of the execution of this Cooperation Agreement remain the property of the respective party.

 

		2.3.	Unless agreed otherwise, each party shall undertake
and continue at its expense the timely prosecution and maintenance of all Resulting IP which is solely owned by that Party.

 

		2.4.	Notwithstanding anything to the contrary in this Agreement,
including in this Section 2, the Parties agree that certain Resulting IP shall be assigned as follows:

 

		-	Any
and all Resulting IP relating to SUNHYDROGEN Background IP, whether developed by either party separately or by the parties jointly,
shall be owned exclusively by SUNHYDROGEN. SUNHYDROGEN shall be responsible for securing ownership of such Resulting IP from its
employees, students and other agents and register the Resulting IP accordingly at its own costs, and SUNHYDROGEN shall have the
right to make all determinations related to the prosecution, maintenance and enforcement of all such Resulting IP. For purposes
of this Agreement, the term “SUNHYDROGEN Background IP” shall have the meaning set forth on Exhibit B.

 

		-	Any
and all Resulting IP not relating to SUNHYDROGEN Background IP and developed exclusively by SCHMID shall be owned exclusively
by SCHMID (“SCHMID IP”). SCHMID shall be responsible for securing ownership of all SCHMID IP from its employees, students
and other agents and register the Resulting IP accordingly at its own costs, and SCHMID shall have the right to make all determinations
related to the prosecution, maintenance and enforcement of all such SCMID IP.

 

		-	Each party shall take all actions, including
signing any required documentation, required to give full force and effect to the provisions of this Section 2.4.

 

		3.	Costs and Payment Terms

 

		3.1.	For the Services provided by SCHMID, SUNHYDROGEN shall
pay to SCHMID the aggregate amount of EUR 800,000 for its Services and obligations hereunder, including, without limitation, manpower,
consumable, equipment modification, new equipment and any external resources needed.

 

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		3.2.	The payment shall be made 7 business days after signing
the agreement. For purposes of the foregoing, “business day” shall mean each day other than Saturday or Sunday on
which commercial banks in both Germany and the United States are open for business.

 

		3.3.	In case the parties agree to an amendment extending
the scope and duration of this agreement, SUNHYDROGEN shall pay to SCHMID EUR 100,000 for every month of extension. The payment
shall be made until the 5th of the respective month.

 

		4.	Warranty, Liability

 

		4.1.	In no event shall either SUNHYDROGEN or SCHMID be
liable for any loss or damage, direct, indirect, consequential or incidental, arising out of this contract, the use of, or the
inability to use, products sold or purchased hereunder, or for the services provided hereunder whether such damage results from
breach or warranty, negligence or any other cause and whether or not such party knew or should have known the possibility of such
loss or damage; provided, however, that the foregoing limitations shall not apply in case of intentional acts or omissions, gross
negligence, and in other cases not permitted by law.

 

		5.	Term of Agreement, Termination

 

		5.1.	This agreement becomes valid with its signing by both
parties with an effective date of March 1, 2021 and shall remain in force for 6 months thereafter. After this period, it shall
be automatically extended (i) as needed for the parties to satisfy their respective obligations set forth in Sections 1.2 and
1.3 which by their express terms may extend past 6 months, and (ii) thereafter, by one-month increments unless one party terminates
it by written notice to the other party at least one month before the expiry date.

 

		5.2.	The right of both parties to terminate the agreement
by good cause shall remain unaffected. A good cause for termination shall be, but not limited to, a material breach by the other
party of its obligations hereunder which breach remains uncured for a period of 15 days following notice by the non-breaching
party to the breaching party specifying the nature of such material breach in reasonable detail. In the event of a good cause
termination, without limiting any other remedies which may be available to the parties, SCHMID shall repay to SUNHYDROGEN a pro
rata portion of the aggregate amount paid by SUNHYDROGEN pursuant to Section 3 of this agreement based on the number of days then
remaining in the term); provided, however, that such amount shall not be payable in the event SCHMID terminates pursuant to this
Section 5.2 due to a material breach by SUNHYDROGEN.

 

		5.3.	Notwithstanding anything to the contrary herein, (i)
no termination of this agreement shall relieve either party of any liability for breach occurring prior to the date of such termination
and (ii) Sections 1.2, 1.3, 2, 4, 5, 6, 7, and 8 shall survive the termination of this Agreement.

 

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		6.	Confidentiality

 

		6.1.	SUNHYDROGEN and SCHMID have entered into that certain
Cooperation and Non-Disclosure Agreement, dated 2021-01-21 (the “Confidentiality Agreement”). The Confidentiality
Agreement is expressly incorporated herein, provided that (i) the definition of “Confidential Information” is amended
to include all non-public information disclosed or otherwise made available pursuant to and in the course of performance of this
this agreement, (ii) the obligations set forth in the Confidentiality Agreement (as amended hereby) shall expire on the five (5)
year anniversary of the execution of this agreement, and (iii) in the event of any conflict or inconsistency between the Confidentiality
Agreement and this agreement, this agreement shall control. Without limiting the foregoing, SCHMID shall not issue any press release
or public statement with respect to this agreement or its subject matter without the prior written consent of SUNHYDROGEN.

 

		7.	Governing Law and Arbitration 

 

		7.1.	This agreement shall be governed by and construed
in accordance with the laws of the State of Germany.

 

		7.2.	In the event of a dispute arising out of or in connection
with this agreement, the parties shall consult in good faith to settle such dispute. If no settlement can be reached within two
(2)months of the written submission of the matter by one Party to the other, the dispute shall be submitted to arbitration
with seat in London, England for settlement under the rules of arbitration of the International Chamber of Commerce (“ICC
Rules”). Two arbitrators shall be appointed, one by each party. A third arbitrator, to be named the President / Chairman,
would be selected by the first two arbitrators.

 

		7.3.	The arbitration proceedings shall be conducted in
the English language. The arbitration award shall be final and binding upon both parties to the exclusion of the ordinary courts.
In interpreting this agreement, the arbitrators shall be bound by rules of the international business community. The costs of
arbitration shall be borne by the losing party or as otherwise determined by the arbitration panel.

 

		8.	Miscellaneous

 

		8.1.	Should any provision of this agreement be or become
invalid or unenforceable, the validity or enforceability of the other provisions of this agreement shall not be affected thereby.
The invalid or unenforceable provision shall be deemed to be substituted by a suitable and equitable provision which, to the extent
legally permissible, comes as close as possible to the intent and purpose of the invalid or unenforceable provision.

 

		8.2.	Neither this agreement nor any of the terms hereof
may be terminated, amended, supplemented or modified orally, but only by an instrument in writing signed by SCHMID and SUNHYDROGEN;
provided, that the observance of any provision of this agreement may be waived in writing signed by the party that will lose the
benefit of such provision as a result of such waiver.

 

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		8.3.	All notices pursuant to this agreement shall be in
writing and shall be deemed to have been duly given or made (a) as of the date delivered, if delivered personally, (b) on the
date the delivering party receives confirmation, if delivered by facsimile or by email transmission, (c) two (2) Business Day
after being sent by reputable international courier with overnight or two-day delivery (providing proof of delivery), in each
case to the parties at the addresses set forth at the top of this agreement, which in the case of SCHMID shall be directed to
Christian Schmid and in the case of SUNHYDROGEN shall be directed to Tim Young (or at such other address for such party specifies
in a notice given in accordance with this Section).

 

		8.4.	This agreement shall not be assigned by SCHMID without
the prior written consent of SUNHYDROGEN.

 

		8.5.	Nothing in this agreement, whether express or implied,
shall be construed to give any third party any legal or equitable right, remedy or claim under or in respect of this agreement,
as a third party beneficiary or otherwise.

 

		8.6.	This agreement shall be construed without regard to
any presumption or other rule requiring construction against the party that drafted and caused this agreement to be drafted. All
monetary figures shall be in Euros unless otherwise specified. All references to “including” in this Agreement shall
mean “including, without limitation,” whether or not so specified. References to Sections and Exhibits shall refer
to sections and exhibits of this agreement. The captions and headings in this Agreement are for convenience and identification
only and are not intended to describe, interpret, define or limit the scope, extent or intent of this agreement or any provision
thereof.

 

		8.7.	This Agreement, together with the exhibit hereto,
and the Confidentiality Agreement, constitutes the entire agreement of the parties relating to the subject matter hereof and thereof
and supersedes all prior agreements and discussions, whether oral or written, between or among the parties and their respective
representatives relating to the subject matter hereof and thereof.

 

		8.8.	This agreement may be executed by facsimile signatures,
electronic mail or other electronic form of signatures (including “.pdf”) and in any number of counterparts with the
same effect as if all signatory parties had signed the same document. All counterparts shall be construed together and shall constitute
one and the same instrument.

 

	Gebr. SCHMID GmbH	 	SunHydrogen Inc.
	 	 	 
	Name:  	                    	 	Name:  	                  
	Title:	 	 	Title:	 

 

 

Page 8 of
8Exhibit 10.54
​

CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS EXHIBIT, MARKED BY [***], HAS BEEN OMITTED FROM THIS EXHIBIT BECAUSE IT IS BOTH (I) NOT MATERIAL AND (II) WOULD LIKELY CAUSE COMPETITIVE HARM TO IF PUBLICLY DISCLOSED.
​
PURCHASE AGREEMENT
​
THIS PURCHASE AGREEMENT (this “Agreement”), is made as of December 30, 2020, by and among American AWS-3 Wireless II L.L.C., a Colorado limited liability company (“Buyer”), Northstar Manager, LLC, a Delaware limited liability company (“Seller”), and Northstar Spectrum, LLC, a Delaware limited liability company (the “Company”).  
​
RECITALS

A.Buyer and Seller are party to the Third Amended and Restated Limited Liability Company Agreement of the Company, dated as of June 7, 2018 (as such Agreement may have been or may hereafter be amended, modified, supplemented or amended and restated from time to time in accordance with its terms, the “LLC Agreement”).
B.The LLC Agreement contains a Put Right that is currently exercisable.  Seller has decided not to exercise the Put Right in the First Put Window. 
C.Among other reasons, Seller has determined that, in light of uncertainty and delays in decision-making by the Federal Communications Commission and an adverse decision necessitating further appeal, it is prudent to complete the transaction described herein.
D.Seller is the holder of a Class B Common Interest representing a Class B Percentage of 15% and Buyer is the holder of a Class B Common Interest representing a Class B Percentage of 85%.
E.Seller desires to sell 80% of its Class B Common Interest (the “Transferred Interest”) to Buyer and Buyer desires to purchase from Seller the Transferred Interest on the terms set forth herein.

AGREEMENT
NOW, THEREFORE, in consideration of the premises and the mutual covenants and agreements set forth herein, and other valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Company, Buyer and Seller agree as follows:
	1.	Definitions; Construction.  Capitalized terms used herein without definition herein having the meanings ascribed to them in the LLC Agreement and the rules of construction set forth in Section 14.17 of the LLC Agreement are incorporated herein by reference mutatis mutandis.

	2.	Purchase and Sale.

(a)Subject to the terms and conditions of this Agreement, Seller agrees to sell and assign to Buyer all of Seller’s right, title and interest in and to, and Buyer agrees to purchase and assume, the Transferred Interest for a cash purchase price of [***] (the “Purchase Price”).  Buyer shall pay the Purchase Price to Seller on the date hereof, by wire transfer of immediately available funds initiated prior to 10:00 a.m. Eastern Time, to the Company account previously provided, and the Company will promptly remit the Purchase Price to Seller’s account (or as otherwise directed by Seller).
(b)Seller does hereby, subject to receipt of the Purchase Price from Buyer, assign, convey, transfer and deliver to Buyer all of Seller’s right, title and interest in and to, free and clear of Liens (other than restrictions imposed pursuant to the LLC Agreement or under any applicable securities laws), the Transferred Interest, and Buyer does hereby accept and assume the Transferred Interest.
(c)Upon the payment of the Purchase Price and the sale and purchase of the Transferred Interest as set forth above, Seller’s Interest will be a Class B Common Interest representing a Class B Percentage of 3% (“Seller’s Remaining Interest”), and Buyer’s Class B Common Interest will represent a Class B Percentage of 97%.
	3.	Seller Representations.  Seller represents and warrants to Buyer that:

(a)subject to the FCC Rules, Seller (i) is the sole beneficial and record owner of the Transferred Interest and has good and marketable title thereto, free and clear of all Liens (other than restrictions imposed pursuant to the LLC Agreement or under any applicable securities laws and other than Liens under or pursuant to the Senior Credit Facility and the other Loan Documents (as defined therein)) and (ii) has full power and authority to deliver the Transferred Interest without conflict with the terms of any Applicable Law, order or material agreement or instrument binding upon Seller or its assets; and
(b)this Agreement has been duly executed and delivered by Seller, and this Agreement constitutes a legal, valid and binding agreement of Seller, enforceable against Seller in accordance with its terms, except as may be limited by bankruptcy, insolvency, reorganization, moratorium, fraudulent transfer or other similar laws relating to or affecting the enforcement of creditors’ rights generally and by general principles of equity (regardless of whether considered in a proceeding in equity or at law).
	4.	Buyer Representations.  Buyer represents and warrants to Seller that:

(a)Buyer has full power and authority to execute, deliver and perform this Agreement;
(b)Buyer is acquiring the Transferred Interest for investment purposes only for Buyer’s own account, with no present intention of reselling or otherwise making a public distribution of same;

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(c)Buyer has substantial knowledge and experience in financial and business matters and has the requisite knowledge and experience to evaluate the risks and merits of this investment; and
(d)this Agreement has been duly executed and delivered by Buyer, and this Agreement constitutes a legal, valid and binding agreement of Buyer, enforceable against Buyer in accordance with its terms, except as may be limited by bankruptcy, insolvency, reorganization, moratorium, fraudulent transfer or other similar laws relating to or affecting the enforcement of creditors’ rights generally and by general principles of equity (regardless of whether considered in a proceeding in equity or at law).
	5.	Survival of and Limitation on Representations in the Agreement.

(a)Except for the representations and warranties set forth in this Agreement, the Transferred Interest are being sold hereunder on an “as is,” “where is” basis.  Seller provides no other representations or warranties, including implied warranties of merchantability and fitness for a particular purpose, warranties arising from course of dealing or usage of trade, or any other representations or warranties, whether statutory, express or implied, all of which are expressly disclaimed.  Seller makes no representation or warranty to Buyer with respect to any financial projections, forecasts or forward looking statements of any kind of nature whatsoever relating to the Transferred Interest.  Buyer acknowledges that it has not relied on, and Seller expressly disclaims, any representations or warranties of any kind or nature whatsoever, express or implied, including as to the condition, value or quality of the Company, the Transferred Interest, or the prospects (financial or otherwise), risks and other incidents of the Company and its assets and properties.  Buyer, on behalf of itself and its affiliates and its and their respective representatives, hereby waives all rights and claims it or they may have against Seller and its respective affiliates and representatives with respect to the accuracy or any omission of (i) any potentially material information regarding the Transferred Interest, the Company or any of its assets, liabilities or operations and (ii) any representation or warranty, express or implied, as to the quality, merchantability, fitness for a particular purpose, or condition of the Transferred Interest, except, in each case, to the extent set forth in the representations and warranties in Section 3;
(b)the representations and warranties of Seller and Buyer contained in this Agreement shall survive the execution and delivery of this Agreement until the expiration of all applicable statutes of limitation, including any extensions, tolling or waivers thereof; and
(c)Seller makes no representations or warranties about the Company.
	6.	No Registration.  Buyer acknowledges that the Transferred Interest has not been registered under the Securities Act of 1933 nor any applicable state securities laws and that the Transferred Interest must be held indefinitely unless it is subsequently registered under the Securities Act of 1933 and all applicable state securities laws or a transfer is made pursuant to an exemption from such registration.  Buyer further acknowledges that its investment in the Transferred Interest is speculative and risky and that there is no current public or other market for the Transferred Interest.

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	7.	FCC Filings.  Seller shall cause the License Company to take all actions necessary and proper under FCC Rules for the License Company to timely make such filings, amendments to pending applications, and any other submissions required to be filed under FCC Rules in connection with the transaction contemplated by this Agreement.

	8.	Opinions.  Buyer hereby acknowledges and agrees that, notwithstanding Section 7.4 of the LLC Agreement, Seller will not deliver any legal opinions in connection with the transaction contemplated by this Agreement.

	9.	Manager.  Buyer hereby acknowledges and agrees that, notwithstanding Section 7.1(b) of the LLC Agreement or anything else in the LLC Agreement to the contrary, following the sale of the Transferred Interest to Buyer, Seller shall continue to be the Manager until Seller’s resignation or removal as Manager as set forth in the LLC Agreement.

	10.	Put Right.  Seller has decided not to exercise the Put Right in the First Put Window and, subject to its receipt of the Purchase Price hereunder, hereby waives its right to do so (it being understood that such waiver is limited to the First Put Window and shall not in any way limit or modify Seller’s right to exercise the Put Right in the Second Put Window with respect to the collective Interests held by the NSM Members at such time).  The parties hereby agree that:  (a) upon the transfer of the Transferred Interest to Buyer, for purposes of calculating the Put Price in accordance with Section 8.1(b) of the LLC Agreement, the sum of all cash contributions made by Seller with respect to Seller’s Remaining Interest through the date hereof is equal to [***]; (b) through the date hereof, the amount accrued pursuant to Section 8.1(b)(ii) of the LLC Agreement on the contributions set forth in clause (a) above is [***]; (c) through the date hereof, no distributions have been made or deemed made to the NSM Members by the Company; (d) therefore, the NSM Return on Seller’s Remaining Interest would be [***] if the Put Price in respect of Seller’s Remaining Interest was paid to Seller on the date hereof; and (e) such amount shall continue to accrue with respect to Seller’s Remaining Interest as set forth in Section 8.1(b) of the LLC Agreement until the Put Price is actually paid (if the Put Right is exercised in the Second Put Window in accordance with Section 8.1(a) of the LLC Agreement).  For the sake of clarity, if the Put Right is exercised pursuant to Section 8.1(a) of the LLC Agreement during the Second Put Window, the amount referred to in clause (e) of this Section 10 shall accrue as follows:  (i) solely for the purposes of calculating that portion of the NSM Return generated during the period commencing on the first day after the end of the First Put Window and until the date of exercise of the Put Right, at [***] per annum, compounded annually, and (ii) solely for the purposes of calculating that portion of the NSM Return generated during the period commencing on the date on which the Put Right is exercised and to the date the Put Price is actually paid, at the weighted average per annum return on the NSM Capital as calculated as of the date the Put Right is exercised, compounded annually.

	11.	Tax Matters.  The determination of whether NSM is a “notice partner” for purposes of Section 5.5(c) of the LLC Agreement shall be made without regard to the transfer provided for in this Agreement for all periods prior to the disposition by Seller of Seller’s Remaining Interest.

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	12.	Acknowledgments.  The parties acknowledge and agree that: (a)  entering into this Agreement and the transaction contemplated hereby shall not be or result in a Significant Breach or Significant Violation (or any other breach or violation of the LLC Agreement or any of the other agreements referenced therein); and (b) for the avoidance of doubt, upon the consummation of the transaction contemplated by this Agreement, the LLC Agreement, the Senior Credit Agreement, the Interest Purchase Agreement, the Intercreditor and Subordination Agreement, the NSM Security Agreement, the NSM Pledge Agreement, and the other agreements referenced in the foregoing agreements shall remain in full force and effect.

	13.	Further Assurances.  Each of the parties agrees that at any time and from time to time upon the request of another party hereto, it shall execute and deliver such further documents and shall take such further actions as such other party may at any time or times reasonably request, at the expense of such requesting party, consistent with the provisions hereof in order to carry out and effect the intent and purposes of this Agreement, and to vest in Buyer, and put Buyer in possession of, the Transferred Interest.

	14.	Miscellaneous.

	14.1	Notices.  All notices and other communications given or made pursuant to this Agreement must be in writing and shall be given in accordance with Section 14.12 of the LLC Agreement.

	14.2	Governing Law; Arbitration.  This Agreement shall be construed in accordance with and governed by the internal laws of the State of Delaware applicable to agreements made and to be performed wholly within such jurisdiction, without regard to principles of conflicts of law provisions of that or of any other state, all rights and remedies being governed by said laws.  Any controversy or claim arising out of or relating to this Agreement, or the breach thereof, shall be settled by arbitration administered by the American Arbitration Association in accordance with its Commercial Arbitration Rules, and judgment on the award rendered by the arbitrators may be entered in any court having jurisdiction thereof in accordance with Section 10.3 of the LLC Agreement, the provisions of which are incorporated herein by reference mutatis mutandis.

	14.3	Entire Agreement.  This Agreement and the LLC Agreement (and the other agreements referenced therein) constitute the full and entire understanding and agreement between the parties with respect to the subject matter hereof, and any other written or oral agreement relating to the subject matter hereof existing between the parties are expressly canceled.  Notwithstanding the foregoing, that certain Appeal Contingency Agreement, dated as of October 1, 2015, by and among the Company, Seller, Buyer and Northstar Wireless, LLC, as amended to date, shall continue to apply; provided, however, that the parties hereto hereby acknowledge and agree that the proviso set forth in Section 3 thereof shall be deemed to be deleted and shall have no further force or effect.

	14.4	Amendment; Waiver.  Neither this Agreement nor any provision hereof may be amended, modified, or waived except in a writing signed by Buyer and Seller.  No failure or delay of a party in exercising any power or right hereunder shall operate as a waiver thereof, nor shall any single or partial exercise of any such right or power, or any abandonment or 

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		discontinuance of steps to enforce any such right or power, preclude any other further exercise thereof or the exercise of any other right or power.  No waiver by a party of any departure by any party from any provision of this Agreement shall be effective unless the same shall be in a writing signed by the party against which enforcement of such waiver or consent is sought, and then such waiver or consent shall be effective only in the specific instance and for the specific purpose for which it was given.

	14.5	Assignment; No Third-Party Beneficiaries.  This Agreement may not be assigned by Buyer or Seller without the prior written consent of the other party, which consent may be withheld in its sole and absolute discretion, and any assignment without such prior written consent shall be null and void and without force or effect.  Subject to the foregoing, the terms and conditions of this Agreement shall inure to the benefit of and be binding upon the respective successors and assigns of the parties.  This Agreement is entered into solely for the benefit of Buyer and Seller, and no Person, other than Buyer and Seller, and their respective successors and permitted assigns, may exercise any right or enforce any obligation hereunder, and nothing herein expressed or implied will create or be construed to create any other third-party beneficiary rights hereunder.

	14.6	Severability.  Whenever possible, each provision of this Agreement will be interpreted in such manner as to be effective and valid under applicable law, but if any provision of this Agreement is held to be invalid, illegal or unenforceable in any respect under any applicable law or rule in any jurisdiction, such invalidity, illegality or unenforceability will not affect any other provision or any other jurisdiction, but this Agreement will be reformed, construed and enforced in such jurisdiction as if such invalid, illegal or unenforceable provision had never been contained herein.

	14.7	Counterparts.  This Agreement may be executed in two or more counterparts, each of which is deemed an original, but all of which together constitute one and the same instrument.  Counterparts may be delivered via facsimile, electronic mail (including pdf or any electronic signature complying with the U.S. federal ESIGN Act of 2000, e.g., www.docusign.com) or other transmission method and any counterpart so delivered are deemed to have been duly and validly delivered and are valid and effective for all purposes.

	14.8	Fees and Expenses.  Each of Buyer and Seller will pay its own expenses incurred in connection with the transaction contemplated by this Agreement.

	14.9	Titles and Subtitles.  The titles and subtitles used in this Agreement are used for convenience only and are not to be considered in construing or interpreting this Agreement.

[Signature Page Follows]
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​

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IN WITNESS WHEREOF, the parties hereto have caused this Purchase Agreement to be executed as of the day and year first above written.
​
COMPANY:
​
NORTHSTAR SPECTRUM, LLC
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By:Northstar Manager, LLC, its Manager
By: Doyon, Limited, its Manager
​
​
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By:/s/ Aaron Schutt​ ​​ ​​ ​
Name:Aaron Schutt
Title:President & CEO
​
​
SELLER:
​
NORTHSTAR MANAGER, LLC

By: Doyon, Limited, its Manager
​
​
​
By:/s/ Aaron Schutt​ ​​ ​​ ​
Name:Aaron Schutt
Title:President & CEO
​
​
BUYER:
​
AMERICAN AWS-3 WIRELESS II L.L.C.
​
​
​
By:/s/ Thomas A. Cullen​ ​​ ​​ ​
Name:Thomas A. Cullen
Title:EVP

Purchase Agreement Signature Page

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