Document:

Blue Sphere Corporation 8-K/A 

Exhibit 10.1

OPERATING AND MAINTENANCE CONTRACT 

FOR AN ANAEROBIC DIGESTION PLANT USING
BIOGAS 

TO PRODUCE ELECTRIC POWER 

between 

Biogaservizi S.r.l., with its registered
office in Trieste at 146/3 Via Commerciale, tax code and VAT no. 01260460322, share capital of €200,000.00, with €10,000.00
subscribed and paid in, enrolled in the Venezia Giulia Business Register with no. TS - 136597, represented by Massimo Vecchiet,
born in [  ] on [  ], tax code [  ], in his capacity as the Chairman of the Board of Directors and legal representative of the company,
holding the necessary authorisation on the basis of a Board resolution dated 30 October 2017 (hereafter, the “Operator”);

and

[EACH SPV] S.r.l., with its registered
offices in Milan at 1 Corso Giacomo Matteotti, tax code and VAT no. [  ], share capital of €[  ], fully paid in, enrolled in
the Milan Business Register with no. [  ], represented by Elroy Amitzur, born in [  ] on [  ], tax code [  ], in his capacity as the
Chairman of the Board of Directors and legal representative of the company, holding the necessary authorisation on the basis of
a Board resolution dated 3 November 2017 (hereafter, the “Client”);

(together they shall also be referred
to as the Parties or individually as the Party).

Recitals: 

(A)       

The Client has available a piece
of land in the [  ], identified in the [  ] Land Registry by [  ] (hereafter, the Site) on which is located an anaerobic digestion
electric power plant, fed with agricultural biogas, with a power rating of [  ] kW (hereafter, the Plant);

(B)       

In terms of the project to build
and operate the Plant (as defined below), on [  ], the Client received Single European Authorisation no. [  ], protocol no. [  ],
as subsequently updated on [  ] with landscape compatibility certification no. [  ] for the creation and management of the Plant
(Single Authorisation) and the related works and essential infrastructure for the construction and running of the Plant;

(C)       

The Plant was primarily financed
by the Client, three special purpose vehicles created by Bluesphere Corporation (the SPVs) and the Bank (as defined below)
entering into a project financing agreement (Financing Agreement), which has subsequently been updated on various occasions;

(D)       

The Operator states it meets the
necessary requirements to conduct the activities that are the object of this operating and maintenance contract (the Contract);

(E)       

The Operator states it is prepared
to accept the obligations set out in this Contract, as per the terms and conditions stated below;

(F)       

On
today’s date, the other SPVs
have signed, with the Operator, operating and maintenance contracts (hereafter the O&M Contracts) for a further 3 (three)
anaerobic digestion electric power plants fed by agricultural biomass that, along with the Plant, have a total combined capacity
of about 4 MW (hereafter, the Biogas Portfolio).

This stated, the following is agreed upon:

1       Recitals,
Annexes, Previous Contracts and Definitions

1.1       

Value of the
Recitals and Annexes 

The recitals
and the annexes to this Contract constitute an integral and substantial part of this Contract, having the force and value of an
agreement between the Parties.

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1.2       

Previous
Contracts 

This Contract
supersedes and replaces any prior agreement or accord between the Parties as concern the object of this Contract.

1.3       

Definitions
and Interpretation 

(a)       

Definitions

These terms used in this Contract,
when indicated with a capital letter, shall have the following meanings:

Direct Agreement indicates
the agreement in Clause 23.2 to be signed by the Client, the Operator and the Bank as per the text and content indicated in Annex 8;

Biomass indicates the biomass
to be used as fuel for the Plant, in compliance with what is indicated in the Authorisation;

Civil Code indicates the
Italian Civil Code, introduced with Royal Decree no. 2 of 16 March 1942, as subsequently updated and amended;

Technical Expert refers
to Protos S.p.A. or any other technical consultant appointed by the Bank to replace Protos S.p.A.;

Contract indicates this
operating and maintenance contract, including the recitals and annexes;

Fee refers to the annual
all-inclusive lump sum fee, which is fixed and unchangeable, the Client will pay the Operator to provide all the services and activities
that are the object of this Contract in relation to the Plant and the Site;

Date of Efficacy means 1
October 2017;

Date of Signing refers to
the date on which this Contract is signed;

Decree 81/2008 refers to
Legislative Decree no. 81 of 9 April 2008 concerning the enactment of Article 1, Law no. 123 of 3 August 2007 on health and safety
in the workplace, as updated, amended or replaced;

Digestate indicates the
by-product regulated by Law no. 134/2012, as defined pursuant to Article 184-bis of Legislative Decree no. 152 of 3 April
2006, as amended, updated or replaced;

Interference Risk Document refers
to the single document on the assessment of risk from interference (or DUVRI) envisaged by Article 26.3 of Decree no. 81/2008,
drafted by the Client using the information provided by the Operator. It is Annex 2 to this Contract;

Enel refers to e-distribuzione
S.p.A., as the power grid operator;

Supplier refers to the party
appointed by the Client, from time to time, to supply the Biomass and collect, transport and distribute the Digestate produced
by the Plant;

Working Day means every
calendar day, other than Saturday or Sunday, on which banks normally open for business in Milan;

GSE refers to the energy
service operator - Gestore dei Servizi Energetici - GSE S.p.A. - its replacement or assignees;

Bank refers to Banca IMI
S.p.A., its replacement or assignees;

Applicable Law refers to
all legislation and rules at European, Italian, local regional, provincial, municipal or any other level, as well as, but not limited
to, the orders, decisions, decrees, injunctions, mandates, instructions, guidelines, regulations, circulars, deliberations, decisions
and rules, however named, issued by a public authority and/or administration (including, for example, GSE and AEEGSI - Authority
for Electricity, Gas and Water Systems) having jurisdiction, competence and/or a connection to the installation and operation of,
or ancillary work on, the Plant, to connecting the Plant to the power grid or, in any case, to performing any of the obligations
required of the Parties (or any third-party assignees) as indicated in or deriving from this Contract, as issued, amended and/or
replaced from time to time;

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Personnel has the meaning
indicated in Clause 5.22;

Performance has the meaning
in Annex 6;

Guaranteed Performance has
the meaning indicated in Clause 8.1 and Annex 6 of this Contract:

Authorisation refers, in
relation jointly to the Plant and the Site, all the authorising documents, licences, clearances, opinions, rights, faculties and
other acts of consent, however named, that are necessary for creating, operating and maintaining the Plant and Site (including
the Single Authorisation) and for the related ancillary works and connections to the power grid, in compliance with the Applicable
Law;

Production Bonus has the
meaning indicated in Clause 8.8 below and, if and when due, it will be calculated in accordance with the provisions in the relevant
section of Annex 6 (Verification Procedure for Performance, Compensatory Penalties and Production Bonus);

Report refers to each of
the technical reports drafted by the Operator and submitted to the Client pursuant to Clause 2.4;

Services indicates, jointly,
the operating, maintenance and additional services referred to in this Contract, as more clearly detailed in Clause 2, Annex 1
and Annexes 10 and 11;

Additional Services has
the meaning indicated in Clause 2.5 below;

Operating Services refers
to all the services needed to ensure the correct and efficient operation of the Plant during ordinary operations. In general, this
term refers to the activities to manage the Plant (including weighing and registering the Biomass delivered to the Plant and the
Digestate it produces, the Supplier support services provided during the delivery of the Biomass to the Plant’s trenches
and during the collection of the solid and liquid Digestate produced by the Plant, the storage of the Biomass, the removal from
storage and the loading into the Plant feeding system), the biological assistance and supervision thereof, the responsibility for
and management of relations with competent authorities and the GSE, the responsibility for and management of the Client’s
accounting and tax compliance, as more clearly outlined in Clause 2.3 and Annex 1 of this Contract. The costs for such aspects
are covered by the Fee;

Maintenance Services refers
to all the services needed to ensure the correct and efficient maintenance of the Plant during ordinary operations. In general,
this refers to the assistance, repairs (both preventative and corrective) and maintenance work (including extraordinary maintenance
and the responsibility for, purchasing and management of spare parts) on the Plant, as more clearly detailed in Clause 2.2 and
Annex 1 of this Contract. The costs for such aspects are covered by the Fee;

(b)       

Interpretation

The following
rules of interpretation shall apply to this Contract, unless otherwise stated:

(i)       

The indexing
of the clauses is merely for ease of referencing and it cannot be used for the interpretation of the terms and conditions of this
Contract;

(ii)       

The references
to sections, recitals, clauses and annexes are to be understood as references to sections, recitals, clauses and annexes in this
Contract, unless otherwise indicated;

(iii)       

Unless otherwise
expressly indicated in this Contract, every reference to the Contract shall be a reference to this Contract as validly issued,
integrated or amended, and to the version in force from time to time; and

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(iv)       

Unless otherwise
expressly indicated in this Contract, every reference to any agreement or document shall be a reference to that agreement or document
as validly issued, integrated or amended, and to the version in force from time to time;

(v)       

Unless expressly
stated otherwise, the words and definitions used in the singular shall have the same meaning, mutatis mutandis, in the plural
and vice versa;

(vi)       

In this Contract,
terms like “here”, “herein”, and so on, shall be understood to refer to the Contract as a whole and not
individual clauses, unless it is expressly stated otherwise. Similarly, terms like “above” or “below” indicate
the preceding and following sections in this Contract, starting from the point where such terms are used;

(vii)       

The word
“including” and the expression “in particular” shall also implicitly be followed by the expressions like
“but not limited to”, even if such expressions are not actually stated;

(viii)       

Furthermore,
any reference to a subject shall also refer to that subject’s legitimate successors and assignees;

(ix)       

If, in accordance
with this Contract, an action must be performed, a notification sent or a term expires on a day other than a Working Day, then
such an action, communication or expiry shall be required on the first Working Day thereafter; and

(x)       

Unless expressly
indicated otherwise, every use in this Contract of expressions like “act so as to” or “ensure” shall be
understood as a reference to the promise of obligation or act of third person pursuant to Section 1381 of the Civil Code.

2       

  Object
of the Contract

2.1       

Services
- General Provisions 

(a)       

Under the
terms and conditions of this Contract, the Client entrusts the Operator, who accepts, with the Maintenance Services, the Operating
Services, the Additional Services and any other services regulated by this Contract (collectively, the Services) in order
to achieve the performance levels set out in this Contract, in accordance with the highest quantitative and qualitative levels,
and in compliance with Applicable Law.

(b)       

In relation
to the Plant and the Site, the Operator shall provide these Services to the highest standards, with regularity and diligence, from
the Date of Efficacy and throughout the duration of this Contract, with the organisation and operation of the required means at
its own risk. It shall use the last technologies and act in compliance with the Contract, as amended and/or updated from time to
time.

2.2       

Maintenance
Services 

The Operator
shall provide the Maintenance Services for the Client that are detailed in Annex 1 (Description of the Services) in
this Contract, including the following:

(a)       

Ordinary
maintenance work on the Plant, including assistance and maintenance for the cogeneration system at the Plant, with this done on
the basis of periodic inspections and using the Global Service formula;

(b)       

Monitoring
the proper functioning of the cogeneration system, through periodic checks (as detailed in the instruction manuals) of the conditions
and operating parameters (vibrations, noise levels, temperature, fluid process flow pressure etc.), taking readings, using remote
supervision systems for the machinery in question;

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(c)       

Promptly
- within no more than 2 hours - having the Operator’s maintenance Personnel respond to malfunctions or stoppages caused by
breakages to the cogeneration system, informing the Client in writing of such events;

(d)       

Inspecting, checking
and replacing, where necessary, worn technical parts, in accordance with the express provisions and following the deadlines set
out in Annex 3, and all other equipment that is part of the cogeneration system for which maintenance is provided (namely
pumps, valves, tubes, control systems, etc.);

(e)       

Specialist manpower,
with all the related costs (transport, board and lodging, insurance etc.);

(f)       

Supply of the
necessary materials (lubricants, spare parts for consumables and worn parts, as required for planned and extraordinary maintenance
etc.) and the on-site storage, at the plants in the Biogas Portfolio, of standard spare parts for the cogeneration system, as set
out in Annex 4 (Standard parts for the cogeneration system), with an undertaking to promptly replace any used parts;

(g)       

Where required,
the removal, repair in a workshop and re-installation of any equipment that is part of the cogeneration system and, in particular,
the internal combustion engine, including transport and manpower;

(h)       

The scheduled
maintenance, as agreed with the Client, and anything additional required to ensure full compliance with the operating manuals and
technical documents indicated in Annex 5 (Operating and maintenance manuals for the Plant’s components);

(i)       

Extraordinary
maintenance of the Plant, whether foreseeable or not (due to a breakdown, breakage, blockage etc), including the replacement of
damaged, broken or improperly functioning parts, even if such parts are not covered by the original manufacturer’s and/or
supplier’s guarantee, or if such work is required because of external factors. This shall also include the manpower required
for such work, but it shall not include the extraordinary maintenance work on the gas dome or work required because of structural
subsidence not ascribable, either completely or in part, to one or more undertakings accepted by the Operator in accordance with
this Contract;

(j)       

All other maintenance
work, including the E70 review, as per the MWM maintenance plan in Annex 3 (Operating and maintenance manual for the internal
combustion engine).

2.3       

Operating
Services

The Operator
shall provide the Operating Services for the Client that are detailed in Annex 1 (Description of the Services) in this
Contract, including:

(a)       

Running and operating
the Plant;

(b)       

Operation and
maintenance of the Plant’s supervision and safety services, including updating and improving these services according to
market best practices and technological developments such that they are always conform with the Plant’s and/or Client’s
insurance policies;

(c)       

Weighing and
recording of the Biomass delivered to the Plant and the weighing and recording of the Digestate leaving the Plant;

(d)       

Assessments to
ensure the quantity and quality of Biomass are sufficient to produce enough biogas to meet the Guaranteed Performance levels. Such
assessments shall be conducted on receipt of each homogeneous batch of Biomass. The Operator shall communicate the results of these
analyses as soon as they are available, along with its remarks on the quality and quantity of the Biomass received and/or stored;

 

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(e)       

Support for Suppliers
during the delivery of Biomass to the Plant’s trenches, and during the removal of the solid and liquid Digestate produced
by the Plant;

(f)       

Performing the
actions required for the PUA (Agronomic Use Plan) and the related analyses for the correct agronomic use of Digestate;

(g)       

Removing the
Biomass from the storage facilities and loading it into the Plant’s feeder system;

(h)       

Daily inspection
of the Plant to check the key operational parameters, given the Plant’s technical specifications and using the specific check
lists agreed on by the Operator and Client;

(i)       

Any biological
work required to monitor the biological processes and the Plant’s production of biogas;

(j)       

Monitoring the
entire fermentation process, without changing the Operator’s undertaking to provide the Client with details of the Biomass
quantities used quarterly;

(k)       

If there are
any irregularities, providing the Client with indications about the work required (about operating or biological aspects, the Biomass
mix, or anything else that might be useful or necessary) to return the biological process to normal and the correct production
of gas. Such work will then be overseen and undertaken by the Operator;

(l)       

Supervision and
control of the Plant and entire Site using remote monitoring;

(m)       

Reporting to
the Client, which means the drafting of a half-yearly Report containing, inter alia, the following information: (i) production
values, (ii) Biomass consumption, (iii) ordinary and extraordinary maintenance work done during the period in question, as more
clearly detailed in Clause 2.4 below. Additionally, the Operator must use suitable ICT tools to ensure data about the ordinary
functioning of the Plant is rapidly available. Such information might be about, but is not limited to, electric power production,
Biomass consumption, analyses conducted, conduit maintenance or other information obtain to assess the functioning of the Plant.
The Operator must also create and keep a document archive, in paper or electronic format, for the documentation about the functioning
of the Plant and all information, communication, deeds and other material related to the Plant;

(n)       

Compliance with
current safety laws and regulations, in particular, the safety of the workers who provide Services and those parties who are the
Operator’s sub-suppliers;

(o)       

Upkeep of electric
power production records, reading of power meters, waste disposal, relations with monitoring and inspection bodies (GSE, local
financial offices, local healthcare services, provincial administration, fire brigade etc) and Plant operations, ensuring the Plant
is operated and managed in compliance with Applicable Law and with the specific authorisation granted for the creation and operation
of the Plant, for every aspect of relevance to the Plant;

(p)       

Gathering and
sending the required information to the Client for the proper management of the Client’s tax and accounting compliance;

(q)       

Gathering and
sending the Client and/or AEEGSI (energy, gas and water regulatory body), using the required portal or another authorised means
agreed with the Client, all the technical information about the Plant’s production to ensure compliance with all Applicable
Law.

2.4       

Reports

(a)       

The Operator
shall draft in electronic format and send the Client and the Bank, by the 15 July and the 15 January of each calendar year, a technical
report (hereafter the Report) with at least the following information:

(i)       

The Plant’s
performance as a whole (electric power distributed to the grid, per month), in accordance with the provisions of this Contract,
for the Report reference period;

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(ii)       

Quantity of
Biomass delivered to the Plant, the quantity of Biomass loaded at the Plant and the quantity of Digestate sent to the Supplier,
for the Report reference period;

(iii)       

Any periods
in which the Plant was not operating, the monitoring adopted and the reasons for this;

(iv)       

A summary of
any inspections, repairs, maintenance work and part replacements for the Plant as a whole;

(v)     

Scheduled maintenance plan.

(b)       

Where requested
by the Client, the Operator shall provide it with data, at any time, about the system for measuring the quantity of electric power
fed into the grid by the Plant.

(c)       

It is also agreed
the Client can, at any time, require the Operator to make one or more changes to the model and timetable for the drafting and sending
of the Report. The Operator agrees to accept such changes without any additional fees payable by the Client.

2.5       

Additional
Services 

(a)       

The Operator
shall provide the Client with Additional Services for the revamping of the Plant and the overhaul of the internal combustion engine,
as detailed respectively in Annex 1 (Plant Revamping Work) and Annex 11 (Engine Overhaul Work) to this Contract,
in accordance with the terms and conditions (including the specifications about deadlines for the Operator and payment by the Client)
specified therein. The Parties acknowledge and agree that the provision of such Additional Services has already been taken into
account in quantifying the Guaranteed Performance.

(b)       

The Operator
guarantees for the Client that the Additional Services will be free from defects for 2 (two) years from the date of completion,
unless a longer warranty period is agreed on and/or granted by the manufacturers and/or sub-contracts (including Compagnia Generale
Trattori S.p.A.). In the latter case, the Operator shall ensure the Client can benefit directly, without interruption, from the
guarantee granted by the manufacturer and/or sub-contractor, once the aforementioned Operator liability period has expired.

3       

Duration

Without prejudice
to Clauses 13 and 14 below, this Contract shall be in effect for 10 (ten) years from the Date of Efficacy. The Contract can be
renewed from year to year, following written communication by the Client to be sent to the Operator within 30 (thirty) days, from
time to time, of the expiry of the Contract. If there is no communication concerning the renewal of the Contract, then it shall
be deemed to be terminated.

4       

Operator
Declarations and Guarantees

4.1       

Without prejudice
to any other guarantees or commitments set out in other provisions in the Contract, the Operator declares and guarantees the following:

(a)       

It has perfect
knowledge of all the characteristics and conditions of the Plant (excluding any defects unknown at the Date of Efficacy) and of
the Site, since it has surveyed them, and assessed - thus having perfect knowledge thereof - Site access methods (including the
roads, passageways and all other transport routes), procurement opportunities, climate, environment and weather at the Site (hereafter,
the Site Conditions). As such, it is able to provide the required Services for the Plant in accordance with best industry
practices;

(b)       

The provision
of the Services will always be in full compliance with this Contract, Applicable Law, the Authorisation, and the requirements and
standards established by the relevant operating and maintenance manuals, and the terms for the guarantees provided by parts suppliers.
Moreover, such Services will be perfectly suited to the intended uses and purposes of the Plant, as detailed in this Contract or
as could be reasonably inferred by a competent party, with experience in the provision of services of a similar nature, purpose,
value and complexity to the Services. In general, the provision of the Services should in no way influence achieving the Guaranteed
Performance level for the Plant under the Contract and/or the validity of the guarantees provided by parts suppliers;

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(c)       

It has full knowledge
of all the conditions and circumstances that might influence the methods for providing the Services, the execution times and the
related costs;

(d)       

The Services
have been and will be provided, from the Date of Efficacy, using equipment and materials that comply with Applicable Law, and using
personnel reporting directly to the Operator who have been properly hired and are correctly remunerated and insured;

(e)       

It meets all
the requirements for the execution of this Contract and it complies with all the provisions governing building, urban planning,
the environment, and workplace health and safety, and more generally, all Applicable Law;

(f)       

It has always
fully and promptly paid all fees, taxes, bonuses, welfare provisions, insurance costs, and pension and other contributions due
from it in accordance with Applicable Law, national labour agreements and/or corporate contracts for workers employed by it and/or
sub-contractors, suppliers or sub-suppliers;

(g)       

It has all the
authorisation required to provide the Services;

(h)       

It has a suitable
organisational structure, personnel, machinery, equipment and anything else that might be required to provide the Services required
of it under this Contract, guaranteeing they are provided to the highest standards, with it taking on the risk and organising the
required means;

(i)       

It has examined,
analysed and accepted the Plant and the Site, and it accepts, from the Date of Efficacy, all the risks related to malfunctioning,
loss or damage to the Plant and/or any of its components (excluding those cases in which the malfunctioning, loss and/or damage
is directly and solely ascribable to hidden defects preceding the Date of Efficacy);

(j)       

The provision
of the Services will full comply, in all aspects, with this Contract;

(k)       

It is a company
under Italian law that has been properly incorporated as a limited liability company and that its existence is compliant with the
law;

(l)       

The obligations
taken on by the Operator on the basis of this Contract, and by the guarantor, on the basis of the Bank Guarantee, are valid, legitimate
and binding on the respective parties;

(m)       

Since the approval
of the most recent accounts, nothing has changed in the company’s business, its income or financial asset position, or its
operations that might be detrimental to it fulfilling, as the Operator, the obligations accepted in this Contract, and/or the guarantor
fulfilling the obligations taken on with the Bank Guarantee and/or the Client enforcing the Bank Guarantee;

(n)       

The company is
not insolvent or in one of the situations envisaged by Sections 2482-bis or 2482-ter of the Civil Code and that no
bankruptcy proceedings have been instigated or threatened in writing against it; and

(o)       

The guarantor
providing the Bank Guarantee is not insolvent or in one of the situations envisaged by Sections 2446 or 2447of the Civil Code and
that no bankruptcy proceedings have been instigated or threatened in writing against it.

4.2       

The declarations
and guarantees provided in Clause 4 are provided by the Operator at the Date of Commencement of Operations and they are to be understood
as to be repeated each time it issues an invoice to the Client, taking into consideration events and circumstance at that date.

5       

Other
Operator Obligations and Provision of Services

5.1       

In providing
the Services, the Operator must guarantee, inter alia:

(a)       

The perfect functioning
of the Plant as a whole, in compliance with Applicable Law, the planning, and the relevant operating and maintenance manuals, and
according to the terms of the guarantees provided by suppliers of components for the Plant and best market standards;

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(b)       

The functioning
of the Plant and all the additional work, and the constant achievement of the Guaranteed Performance level.

5.2       

Repairs and
Spare Parts: For the entire duration of the Contract, the Operator must ensure the Plant and the related components and materials
function correctly, and perform all the related ordinary and extraordinary maintenance work, repairing and replacing the parts
as indicated, by way of example, in the relevant section of Annex 1 (Description of Services) (hereafter, the Repairs),
although the Client shall be solely responsible for Repairs related to actions taken by the Client and/or third parties appointed
by the Client, except in those cases where the actions of the Client and/or a third party are performed because the Operator has
failed to fulfil one or more of the obligations in this Contract. The Operator must ensure it has a suitable assortment of spare
parts so as to guarantee the Plant constantly operates fully, in accordance with the parameters in this Contract, for the entire
duration of this Contract (hereafter, the Spare Parts). The following is understood about the relationship between the Client
and the Operator:

(a)       

The Operator
accepts all responsibility for parts that are replaced or repaired, and it must promptly inform the Client of all replacements
made and ensure fulfilment of all the requirements placed on the Client by Applicable Law in relation to replacements and/or repairs;

(b)       

Parts that are
removed from the Plant because of replacement or repair work shall become the property of the Operator, which is consequently responsible
for, inter alia, transporting and disposing of them in accordance with Applicable Law;

(c)       

The Client can
require the Operator to provide, for the entire duration of this Contract and at the Operator’s expense, sufficient space
in one of its warehouses to store the Spare Parts in the most suitable way, with the Operator being responsible for the risk of
loss or deterioration of those Spare Parts. The Client shall have the right to view this space, giving no more than 24 hours’
notice;

(d)       

The Operator
guarantees the Client that the components, Spare Parts and materials used in the provision of the Services are new and free of
defects for no less than 2 (two) years from the completion date, unless a longer product guarantee period is provided by the manufacturer
for any components or Spare Parts. In the latter case, the Operator shall ensure the Client can directly benefit, without interruption,
from the relevant product guarantee offered by the manufacturer once the aforesaid guarantee period provided by the Operator is
over. This is without prejudice to the fact the Operator shall be responsible for managing any complaints made against manufacturers
and for promptly replacing, at its own expense, any defective or under-performing components, as per the provisions of this Contract.

5.3       

Work Requests:
The Operator shall fulfil any work requests the Client might make (hereafter, Work Request) in accordance with the terms
and times established in the relevant section of Annex 1 (Description of Services). It should be noted that the failure
to issue a Work Request shall not mean the Operator is exempt from correctly fulfilling the obligations required of it by this
Contract. The Client must provide the Operator with all the technical information it has that is required to deal with a Work Request.

5.4       

Cleaning:
To optimise Plant performance, the Operator shall perform or guarantee the performance, inter alia, of the following: (i)
the cleaning of the correspondent Plant components, and (iii) the cleaning of the Site, all in compliance with the provisions of
this Contract.

5.5       

Ordinary,
Scheduled and Extraordinary Maintenance: Without prejudice to any broader obligations regulated by other provisions in this
Contract, the Operator shall perform, inter alia, the following necessary and advisable work: (a) Ordinary scheduled maintenance
to protect the Plant and its components from wear and guarantee its correct, complete and optimal functioning, along with the related
ordinary maintenance on the relevant sections of the Site, in accordance with this Contract and (b) Extraordinary maintenance,
that is, all work required, on a case by case basis, to repair, restore or replace any defective or under-performing aspects of
the Plant and/or its components so as to ensure the constant, optimal functioning of the Plant and related components.

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5.6       

Security
Service: Starting from the Date of Efficacy, the Operator shall ensure the prompt maintenance of all anti-intrusion, alarm,
video-surveillance, security and communication systems for the Site and the Plant, as more clearly detailed in this Contract.

5.7       

Remote Monitoring:
The Operator shall be responsible for the constant, remote monitoring of the Plant 24 (twenty-four) hours a day, 365 (three hundred
and sixty-five)/366 (three hundred and sixty-six) days a year. The Operator shall ensure the remote monitoring system in place
or provided by the Client functions fully and efficiently (the Remote Monitoring System) and it shall fix any malfunctioning,
breakage and/or defect in the Plant signalled by the Remote Monitoring System.

5.8       

Security:
In particular, the Operator shall act in compliance with Applicable Law (especially those aspects concerning preventing accidents
and illness in the workplace, and those aspects on health and safety in the workplace, including any enacting provisions) to ensure
the safety of the personnel (including third party and Client personnel) and to observe all the requirements placed on an employer
by Applicable Law, including Decree 81/2008, as amended and updated. In this, it shall ensure, under its sole responsibility and
at its expense, the adoption of all the provisions, terms and precautions designed to prevent workplace injuries and to ensure
the safety of and safeguard the lives of personnel and third parties. In compliance with Article 26.5 of Decree 81/2008, the costs
for workplace safety linked to this Contract, as per the Interference Risk Document (DUVRI) are €3,000.00 (Euro three thousand
only). Such costs are understood to be included in the Fee. It is understood that the Operator shall fulfil the obligations in
this Contract in compliance with Applicable Law, fulfilling all requirements and promptly providing the Client with any documentation
required in accordance with the Applicable Law given the nature and characteristics of the Services provided as part of this Contract.
This shall even apply to those cases where such requirements become necessary because of changes in Applicable Law during the contractual
period. Furthermore, in adopting measures to prevent workplace risks and ensure safety for the activities covered by this Contract,
the Operator shall collaborate with the Client and with the safety manager appointed by the latter. To this end, the Operator shall
coordinate its activities with the Client during the provision of Services in order to guarantee the safety of its workers. In
this, the Operator undertakes to cooperate in the removal of interference risks and any causes that might hinder the correct performance
of the Services. In order to improve such coordination, the Parties agree that at least two meetings are required annually, with
one to plan the activities the Operator will undertake and the other to verify them

5.9       

Site Access:
Throughout the duration of the Contract, the Operator undertakes to not obstruct free and independent access to the Site by the
Client, the Technical Expert and any other people appointed by the Client, the Bank and/or GSE (merely having to inform the Operator
in advance of the person’s or people’s name(s)), partly to allow such people a full view of all of the Operator’s
activities, in accordance with this Contract.

5.10       

Insurance
policies: For the entire duration of this Contract, the Operator must have current insurance policies, at its own expense in
accordance with Clause 11.5 below, paying the premiums on time to the insurance companies, or to the Client, if the latter so provides
directly, and fulfilling any other act or making any statement necessary therefor.

5.11       

Authorisation:
For the entire duration of the Contract, the Operator must do everything within its power to ensure the Authorisation remains in
place for the entire duration of the Contract.

5.12       

Welfare,
pension and other contributions: The Operator shall be responsible for all taxes and contributions (insurance, welfare or otherwise)
required by Applicable Law and any local or national collective labour agreements.

5.13       

Additional
Operator obligations - Indemnity: The Operator shall hold harmless and indemnify the Client or any other party acting on behalf
of the latter, from any claim, application, action, cost, expense (including the related legal costs and expenses), damages, charges
or liability arising in relation to:

(a)       

Any damages,
caused as a result of the activities that are the object of this Contract, incurred by parties employed or used by the Operator
or a sub-contractor for the purposes of this Contract (including any damages for which the parties in question are not compensated
by the National Insurance Institute for Industrial Accidents - INAIL), including pursuant to Section 1676 of the Civil Code;

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(b)       

Compliance with
the laws, rules and regulations on preventing workplace injuries and illnesses, and those on health and safety in the workplace
(including the provisions in Decree 81/2008), as well as any enacting measures;

(c)       

Any damages,
be they direct or indirect and including environmental damages, incurred by the Client or third parties that are ascribable to
the Operator or its employees and/or people delegated by it (including sub-contractors and suppliers) in relation to the execution
of this Contract; and

(d)       

Any excess for
insurance policies,

unless that liability
is due to wilful misconduct or serious negligence on the part of the Client.

5.14       

Intellectual
property: The Operator shall comply with provisions in any licence agreements between the Client and the parties who own or
have the rights to patents, trademarks, licences, software, drawings, models or any other intellectual property for any technical
and/or executive aspect linked to the provision of the Services. In this, the Operator undertakes to hold the Client harmless and
to indemnify it against any liability arising from a breach, by the Operator, of such provisions.

5.15       

Refrain obligations:
The Operator shall refrain, at all times, from the following:

(a)       

Signing contracts
that have the effect of forming limitations on, creating pledges on or transferring the receivables due to the Operator from the
Client;

(b)       

Granting limitations,
guarantees or encumbrances on the Spare Parts and/or components installed as part of the Repairs and/or in executing any other
activity foreseen by the Contract.

5.16       

Utilities:
The following are the responsibility of the Operator and thus included in the Fee: (i) diesel or other fuel required to provide
the Services and (ii) the telephone costs and any fees required for connections to the relevant anti-intrusion, video-surveillance,
monitoring systems etc. The Client shall be responsible for the water and electricity utilities.

5.17       

Bank Guarantee:
To guarantee the proper provision of the relevant Services and, more generally, to ensure the Operator precisely fulfils all the
obligations and payments required of it under this Contract, the Operator shall provide the Client, within 30 (thirty) days of
the Date of Signing, with an autonomous, first demand guarantee from a leading Italian or EU bank, with a rating at least equal
to that of the Bank (or, in any case, accepted by the Bank) (hereafter, the Bank Guarantee). The Bank Guarantee must be
for a maximum guaranteed amount, at all times, of €400,000.00 (Euro four hundred thousand only), for a year, but renewable
automatically for a further year, for the entire duration of this Contract. Furthermore, the Bank Guarantee (i) shall be issued
using the model annexed to the Contract under number 9 and, in any case, in a manner that is, in form and substance, acceptable
to the Client and Bank, (ii) can be enforced in its entirety and/or on more than one occasion, (iii) if it is enforced, shall be
replenished within 20 (twenty) days of its use such that the maximum amount guaranteed is equal to the original Bank Guarantee
and (iv), should the Operator correctly fulfil all its obligations under this Contract for two years from the Date of Signing,
can be reduced, for the ensuing years in which the Contract is in force, such that, at any time, the maximum guaranteed amount
is at least 25% (twenty-five per cent) of the Fee. ...

5.18       

The Bank Guarantee
shall cover all damages from non-fulfilment of the Operator’s obligations under this Contract including, but not limited
to, the payment of any amounts owed in the form of penalties (the Compensatory Penalties) or as compensation for damages payable
by the Operator on the basis of this Contract, including all charges tied to entering into a new contractual relationship for the
provision of the Services should this Contract be terminated due to non-fulfilment by the Operator.

5.19       

If there is a deterioration
in the financial capacity of the issuer of the Bank Guarantee, at the request of the Client, the Operator shall have the Bank Guarantee
replaced, within 10 Working Days of such a request, by a new autonomous, first demand guarantee, with the terms and conditions
in Annex 9, issued by a leading Italian or EU bank accepted by the Client and the Bank.

5.20       

The Parties acknowledge
and expressly agree that, in the case of failure to fulfil one or more of the obligations accepted by the Operator with this Contract,
the Client can enforce the Bank Guarantee without the Operator or the issuer of the Bank Guarantee having any right to oppose this
and/or without any need for any prior examination by the Operator and/or any other co-obligor or guarantor.

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5.21       

Provision
of the Services: The Operator must provide the Services in compliance with the Contract and in accordance with the terms and
conditions indicated in the relevant operating and maintenance manuals, and all Applicable Law, including those laws and regulations
governing the environment, and health and safety in the workplace.

5.22       

The Operator
undertakes to use employees, contract workers or sub-contractors (hereafter, the Personnel) in compliance with Applicable
Law and, in any case, with the necessary expertise to currently fulfil the obligations accepted by the Operator with this Contract.

5.23       

The Operator
undertakes to provide the Services and related Repairs, and to meet Work Requests using employees, contract staff or sub-contractors,
who must be available and ready to respond swiftly. To this end, the Operator shall provide the Client, while fully complying with
Applicable Law on privacy and personal data protection, and before the commencement of such Services, with the name, surname, address
and contact number for the employees, contract workers or sub-contractors designated by the Operator. Such details must also specify
the role and qualifications of each individual.

5.24       

Within 3 (three)
Working Days of the Date of Signing, the Operator shall appoint a safety manager (the Safety Manager), sending written communication
of the name of the designated person to the Client. The Safety Manager must direct and manage the personnel working at the Plant
and Site. Without prejudice to any other remedies envisaged in Applicable Law or this Contract, the Client shall have the right
to send the Operator notification and written communication of any conduct by the Safety Manager deemed to be negligent or not
compliant with the Contract, requiring the Operator to adopt appropriate remedies. The Operator undertakes to promptly replace
the appointed Safety Manager should he or she be unable to fulfil his/her duties. It is further understood that all the charges,
costs and expenses related to appointing and compensating each Safety Manager are payable by the Operator and, as such, are to
be understood as included in the Fee.

5.25       

The Operator
shall appoint a Plant Manager and a Plant Contact, as per the operating rules signed with the local grid operator, and it shall
also identify and designate the figures indicated in the updated fourth edition of CEI 11.27 (Italian electric committee’s
standard no. 11.27), such as the unit/person responsible for the electric system (URI), the unit/person responsible for
work (URL), the works manager (PL), etc., who must be contactable 24/7.

6       

Fee

6.1       

The Fee payable
annually by the Client to the Operator for the Services provided is €405,000.00 (Euro four hundred and five thousand only)
plus VAT, if applicable and at the rate applicable according to law.

6.2       

Without prejudice
to the Client’s right of withdrawal set out in the Clause 13.1(d) below, the Operator can request in writing, at least 3
(three) months prior to the end of each year in which the Contract is in force, that the Fee, as indicated above, be increased
annually by 100% (one hundred per cent) of the Italian National Statistics Institute’s (ISTAT) annual change in the consumer
price index for families, workers and employees (i.e. variazione annuale dei prezzi al consumo per le famiglie di operai e impiegati).

6.3       

The Fee is fixed
and cannot be changed, unless both Parties agree and with written consent from the Bank. Furthermore, it includes all the obligations
and charges payable by the Operator under this Contract and all the documents referred to directly or indirectly by the Contract
or Applicable Law for the provision of the Services. Consequently, the Parties agree and accept to not apply any part of the Civil
Code or other legal provision that would allow the Operator to have the Fee revised. In relation to this, it is hereby reiterated
that the Operator has understood that the Fee also covers any unforeseen or unforeseeable risks that might make fulfilling the
Contract more difficult and/or costly, thus expressly renouncing, inter alia, the provisions in Sections 1467 and 1664 of
the Civil Code.

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6.4       

On the basis
of Clause 6.3 above, the Fee is understood to be all inclusive. Thus, the Fee includes, but is not limited to, the following charges:

(a)       

Use of all
the machinery and equipment required, including consumables and maintenance costs, as well as any transportation costs;

(b)       

Purchasing, acquiring,
transporting and installing all the related spare parts needed or advisable to perform repairs and to provide the Services in compliance
with the Contract;

(c)       

Disposing of
any parts removed from the Plant during repair or replacement work in compliance with the Contract and all the costs for disposing
of all the waste generated in the course of providing the Services;

(d)       

The services
of specialist and ordinary personnel, including any travel costs and all contributions (welfare, pension, insurance and trade union);

(e)       

The adoption
of injury prevention measures in compliance with current laws and regulations, for those aspects related to the Services;

(f)       

Security services,
and any patrols or guarding that might be necessary;

(g)       

Any other charges
that have not been specifically noted that are necessary for the correct provision of the Services.

7       

Payment
of the Fee

7.1       

The Client shall
pay the Operator the Fee indicated in Clause 6 above, minus any applicable Compensatory Penalties (i.e. Penali Compensative)
or other payment due to the Client from the Operator, in deferred monthly instalments.

7.2       

The Operator shall
invoice the Client monthly for the relevant portion of the Fee. Invoices cannot be sent by the Operator to the Client prior to
the end of the month in question. The Client shall pay these invoices within 60 (sixty) consecutive days from the date of reception.

7.3       

The Parties irrevocably
acknowledge and agree that the payment of the invoices by the Client to the Operator as per the terms indicated in Clause 7.2 above
shall always be subject to the following conditions:

(a)       

The payment by
GSE to the Client of the all-inclusive feed-in tariff (i.e. tariffa incentivante) for the power produced by the Plant during
the month to which the Services invoiced relate, unless the failure by GSE to pay can be directly ascribed to the Client; and

(b)       

The Operator
correctly fulfilling its obligations under this Contract;

Consequently,
the payment shall not be made until the above conditions have been met.

7.4       

Moreover, the
Client can also make the payment of the Fee subject to receiving evidence of the regular payment of what is owed to employees and
sub-contractors and/or suppliers, as proven by the documentation that has to be sent to the Operator at the request of the Client
along with the relevant invoice.

7.5       

Once the invoice
has been received for the partial payment of the Fee, the Client shall have the right to dispute the amount invoiced, provided
that the amount invoiced is paid in accordance with this Contract up to the amount that is not disputed.

7.6       

All the payments
referred to in Clause 7 shall be made by wire transfer to the current account indicated by the Operator from time to time on the
relevant invoice.

7.7       

If the Fee (or
the portion or quota thereof) is paid late as per Clause 7, the Client shall be required to pay legal interest on the late payment
equivalent to the 1-month Euribor rate on the date on which the payment was due plus 200 (two hundred) basis points per annum,
to be calculated on a pro-rata basis for the period between the date the payment was due and the date it is actually made.

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8       

Plant
Performance, Compensatory Penalties, and Production Bonus

8.1       

For the entire
duration of the Contract, the Operator guarantees to the Client that the Plant shall attain and maintain the performance levels
(the Guaranteed Performance) as indicated in Annex 6 (Verification Procedure for Performance, Compensatory Penalties
and Production Bonus).

8.2       

At the end of
each six-month reference period for the Contract after 1 January 2018, if the Plant’s Performance, calculated according to
Annex 6 (Verification Procedure for Performance, Compensatory Penalties and Production Bonus), is below the guaranteed
level, the Operator shall be required to pay the Client the compensatory penalties (hereafter, the Compensatory Penalties)
on the basis of the formula indicated in Annex 6 (Verification Procedure for Performance, Compensatory Penalties and Production
Bonus). As an exception to the above:

(a)       

For the period
from the Date of Signing until 31 December 2017: (i) the Guaranteed Performance is set at 1,351 MWh, (ii) the Plant’s Performance
shall be calculated before 31 January 2018, and (iii) the Compensatory Penalties shall not be payable by the Operator if the Plant’s
Performance is below 1,351 MWh, but the Performance of the plants that make up the Biogas Portfolio is equal to or above 5,404
MWh for the same period;

(b)       

For the first
calendar year in which the Contract is in force (i.e. for the period from 1 January 2018 to 31 December 2018), the Plant’s
Performance shall be calculated on an annual basis by 31 January 2019;

(c)       

For the final
portion of the calendar year in which the Contract is in force (i.e. the period from 1 January 2027 to 30 September 2027) and without
prejudice to the Client’s renewal right under Clause 3 above, the Plant’s Performance shall be calculated on a pro-rata
basis at the end of the six-month reference period and the third quarter reference period in the Contract.

8.3       

The Parties
acknowledge, partly pursuant to Section 1382 of the Civil Code, that the amount of the Compensatory Penalties indicated in Clause
8 above is coherent and reasonable, and cover the entire payment of all direct and indirect harm caused to the Client because of
the failure to achieve the Plant’s Guaranteed Performance. Thus, the Operator waives in advance the right to take make any
request or take any action to have a reduction in the Compensatory Penalties as determined according to Annex 6.

8.4       

The amount of
the Compensatory Penalties due from the Operator as determined according to Clause 8 cannot exceed, annually, an amount in excess
of 100% (one hundred per cent) of the Fee.

8.5       

Without prejudice
to what is otherwise envisaged by Clause 8.2 above, by 31 January and 31 July of each calendar year following the year in question,
the Client and the Operator shall determine - jointly, with the involvement of the Technical Expert - the values for the Plant’s
Performance during the reference six-month period and any Compensatory Penalties that might be payable by the Operator in accordance
with Clause 8. Specific minutes shall be kept of these proceedings, to be signed by the Client, the Operator and the Technical
Expert.

8.6       

If the Operator
does not agree with the calculation of the Plant’s Performance, it can dispute it in writing within 20 (twenty) Working Days
from the date of the minutes being signed, as above, and - where the Client and the Operator fail to reach an amicable solution
to the dispute within 10 (ten) Working Days - the Operator can take action as per Clause 25, without prejudice to the Client’s
right to apply, without delay, the Compensatory Penalties as per the minutes indicated in Clause 8.5 above. If the Operator fails
to contest the calculation in writing within the period indicated, the calculation of the Plant’s Performance levels and,
consequently, the calculation of any penalties due, shall be understood to be definitely accepted by the Operator.

8.7       

In relation
to the Plant and without prejudice to Clause 8.2 above, the Compensatory Penalties must be paid to the Client by the Operator within
30 (thirty) Working Days from the end of the six-month period in which the Plant’s Guaranteed Performance levels were not
achieved. This is without prejudice to the Client’s right to offset this against what is owed to the Operator for its Fee.

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8.8       

Starting from
the second calendar year in which the Contract is in force (i.e. the year starting on 1 January 2019), if the conditions set out
in the relevant sections of Annex 6 (Verification Procedure for Performance, Compensatory Penalties and Production Bonus)
have been met, the Operator shall have the right to receive a production bonus (hereafter, Production Bonus) to be calculated
using the formula indicated in the relevant section of Annex 6 (Verification Procedure for Performance, Compensatory Penalties
and Production Bonus).

9       

Plant
Stoppage

9.1       

The Operator
cannot stop the Plant unless this is done in compliance with Clause 9 and to do scheduled ordinary or extraordinary maintenance
in accordance with Annexes 3 and 5 of this Contract.

9.2       

If the Operator
decides the Plant needs to be stopped for safety reasons (including because the power is partially or completely unavailable),
where the situation is objectively an emergency and/or the result of force majeure (hereafter, Emergency Stop), the Operator
shall proceed by informing the Client thereof, ideally before the Emergency Stop is commenced and, in any case, no more than 2
(two) working hours from this happening. This is without prejudice to the Operator having to make every effort to minimise the
length of the Emergency Stop and to get the Plant running again as quickly as possible.

9.3       

The Operator
acknowledges that, when such periods of Emergency Stop are due to reasons – accepted by the Client – that are not ascribable,
either partially or totally, to the Operator, they shall be excluded from the calculation of the Plant’s Performance and
result in a reduction of the Guaranteed Performance (at the same time, not creating a right to the Production Bonus) relative to
the duration.

10       

Client’s
Obligations

The Client shall
guarantee the Operator and the Personnel access to the Site in order to provide the Services that are the subject of this Contract.
Throughout the duration of this Contract, the Client shall ensure the current Site road access system is available.

11       

Insurance

11.1       

Without changing
the Operator’s responsibilities, the Client shall enter into and maintain the insurance policies listed below, and those
required by Applicable Law. Such policies shall be entered into with leading insurance companies in accordance with Section 1891
of the Civil Code, including on behalf of the Operator and any sub-suppliers or sub-contractors and the Bank, which will thus be
an insured party. The policies are as follows:

(a)       

All Risks Property
+ Machinery Break Down + Business Interruption policy, to cover direct and material damage to the Plant that is caused by, for
example, fire, explosion, natural events, disasters and third-party acts, such as terrorism and sabotage, as well as the damage
to third parties. This policy must also have indirect coverage for the total/partial stoppage of the Plant due to one of the eligible
reasons indicated in the material and direct damages section;

(b)       

Third-party liability
insurance, with a limit of liability not less than €2,500,000.00 (Euro two million five hundred thousand only) per loss/claim
and €2,500,000.00 (Euro two million five hundred thousand only) per injured person.

11.2       

The Operator
is liable for damage caused to third parties by the Personnel.

11.3       

The Client and
the Operator acknowledge that the insurance coverage referred to in letter (a) of Clause 11.1 above can be subject to restriction
and/or assigned in guarantee to the Bank. It is further understood that Client signing the insurance policies referred to in letters
(a) and (b) of the preceding subsection shall in no way limit the Operator’s liability under this Contract and Applicable
Law.

11.4       

The excess and
the terms of the insurance policies in letters (a) and (b) of Clause 11.1 shall be agreed in advance by the Client with the insurance
company on behalf of all the insured parties. In any case, the Operator shall remain liable for any additional damages, excess
or deductible, given the claim and coverage limits.

    	15 

    	 

    

 

11.5       

The Operator
shall sign and maintain the following insurance policies:

(a)       

All the policies
required by Applicable Law for employees, including the policy with the National Insurance Institute for Industrial Accidents -
INAIL, with at least the minimum coverage required by Applicable Law;

(b)       

Employers civil
liability insurance for injuries to workers incurred while working, with a limit of no less than €2,000,000.00 (Euro two million
only) per claim and €2,000,000.00 (Euro two million only) per injured person;

(c)       

Third-party vehicle
insurance with a claim limit for an amount in line with market practices for transactions financed as project financing.

11.6       

It is also understood
that the Operator shall:

(a)       

As soon as it
learns of such aspects, inform the Client in writing of any event that might result in a damage claim under this Contract, and
any claim or event that might affect the validity of the insurance coverage;

(b)       

Inform the Bank
in writing about any claim and/or event that might affect the validity of the insurance coverage.

11.7       

Failure to sign
any of the insurance policies, or if any of them were originally invalid or became so, shall constitute serious non-compliance
on the part of the Operator (with due regard to the interests of the Client) and could lead to the termination of this Contract.

11.8       

All the costs,
expenses and charges for the insurance policies that are the responsibility of the Operator, as per this Clause, shall be payable
by the Operator. All the costs, expenses and charges for the insurance policies that are not the responsibility of the Operator
shall be paid by the Client.

11.9       

The Operator
shall provide the Client with copies of the policies in Clause 11.5 above and the related receipts for the annual renewals at least
30 (thirty) Working Days prior to the planned date for the commencement of activities, showing the payment has been made.

12       

Sub-contracting,
Supplies

12.1       

The Client henceforth
authorises the Operator to sub-contract part of the Services to third parties, chosen from the list in Annex 7, meeting all
the requirements established by Applicable Law. Nonetheless, all the guarantees and certification required by Applicable Law and
this Contract must be issued by the Operator.

12.2       

The Operator
can sub-contract part of the Services to third parties not on the list in Annex 7 with the written approval of the Client
and the Bank, having consulted the Technical Expert. Therefore, the Operator shall give the Client 10 (ten) Working Days of notice
prior to sub-contracting Services.

12.3       

Nonetheless,
appointing sub-contractors shall not exonerate the Operator from its responsibilities for the complete, precise and timely fulfilment
of its contractual requirements to the Client, even if the sub-contracts are approved in accordance with Clause 12.1 above.

12.4       

In any case,
sub-contracting agreements must include the following provisions:

(a)       

The right of
the Client to take over from the Operator (including for any rights linked to contractual, insurance or bank guarantees) if the
Contract is terminated pursuant to Clause 14 below;

(b)       

The obligation
for the sub-contractor to deliver machinery, equipment or materials ready for delivery to the work site, upon payment of the price
or balance by the Client or the successor appointed by it;

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(c)       

The obligation
for the sub-contractor to comply with the applicable laws and regulations on labour, pensions and welfare, workplace health and
safety, injury prevention, and combating mafia and money laundering.

12.5       

If the Client
so requests, the Operator must provide the Client, on each occasion, with the document proving it has paid the necessary contributions,
copies of the contracting or supply agreements, without any indications of the prices, in force or to come into force, and all
the documentation required by the Applicable Law for sub-contracting and/or supply agreements. Furthermore, the Operator must also
provide the Client with evidence that it has correctly fulfilled all its payment obligations to its sub-contractors and/or suppliers.

12.6       

It is understood
that the Operator shall be exclusively responsible for the payments to be made to sub-contractors and/or suppliers, according to
the terms and conditions set out in the relevant sub-contracting and/or supply agreements between the Operator and the sub-contractors
and/or suppliers.

12.7       

The Operator,
all the people working for it, regardless of their contracts, and the sub-contractors and/or suppliers of goods or services involved
in the provision of the Services by the Operator shall also be deemed to be independent third parties in relation to the Client.
The Parties expressly state they do not wish to use this Contract to create a relationship other than the intended one and, in
particular, they do not wish to create, inter alia, an employment relationship, to link the companies, to make one company
a branch of the other, to enter into a joint venture or to create any other contractual bond other than the one in the Contract.

13       

Right
of Withdrawal

13.1       

The Client shall
have the right to withdraw from this Contract if one of the following occurs:

(a)       

An insolvency
proceeding is applied against the Operator or the Operator is wound up or any form of liquidation procedure is commenced;

(b)       

Changes to Applicable
Law are made or force majeure events occur that make the execution of the Contract impossible;

(c)       

One or more of
the required Authorisations for the Plant and/or, regardless of the reason, the all-inclusive feed-in tariffs for the Plant are
revoked;

(d)       

Should the Operator
request that the Client adjust the Fee in accordance with the rate of the annual change in ISTAT’s consumer price index for
families, workers and employees in accordance with Clause 6.2 above.

13.2       

If one of the
events indicated in Clause 13.1 above occurs, the withdrawal from this Contract shall become effective once the Client has notified
the Operator of its intention to enforce this Clause, giving 20 (twenty) Working Days of notice of its intention.

13.3       

If the Client
enforces its right of withdrawal in accordance with Clause 13.1 above, the Operator shall clear up and vacate the Site within 10
(ten) Working Days of the request by the Client.

13.4       

If this Clause
13 is enforced, the Operator will only be entitled to payment for properly documented and executed services up until the moment
of the right of withdrawal being exercised, without any right to anything else. Thus, the Operator expressly waives its right,
inter alia, to the provisions established by Section 1671 of the Civil Code.

14       

Termination
due to the Operator

14.1       

Express termination
clause pursuant to Section 1456 of the Civil Code: Should the Operator fail to meet one of the obligations listed below, the
Client can terminate the Contract, pursuant to Section 1456 of the Civil Code, notifying the Operator:

(a)       

Delays exceeding
7 (seven) Working Days for acting on a Work Request from the Client;

    	17 

    	 

    

 

(b)       

Revocation, suspension,
or failure to obtain or renew any of the required Authorisation for a reason ascribable to the Operator;

(c)       

Revocation or
suspension of the all-inclusive feed-in tariff for the Plant for a reason ascribable to the Operator;

(d)       

Failure to comply
with the Expert’s indications for the Operator;

(e)       

The insurance
policies in Clause 11.5 above not being issued, renewed or becoming invalid or ineffective;

(f)       

If the Plant’s
Performance, at the end of any contractual one-year period, is less than 10% (ten per cent) below the Guaranteed Performance level;

(g)       

The unjustified
suspension (as proven by suitable documentation produced by the Client) of the Services by the Operator for a period exceeding
10 (ten) consecutive days or 30 (thirty) days in total during an annual contractual period, even if not consecutive;

(h)       

The transfer,
in any form, including through the sale or hire of the company or a going concern, of the Contract by the Operator in breach of
Clause 19.2;

(i)       

Submission of
a bankruptcy application or an application for any other form of insolvency (including voluntary early arrangements with creditors
or compositions with creditors on a going concern basis) or restructuring proceedings pursuant to Articles 67 or 182-bis
of the Italian Bankruptcy Law, or any other form of insolvency proceeding against the issuer of the Bank Guarantee pursuant to
the law applicable to the issuer of the Bank Guarantee;

(j)       

Non-compliance
with the safety and security obligations set out in Clause 5.8 above;

(k)       

Failure to provide,
renew or replenish the Bank Guarantee within the term indicated in Clause 5.17, or the Bank Guarantee ceasing to be valid or effective,
or a failure to replace the Bank Guarantee if the financial capacity of the issuer of the Bank Guarantee deteriorates, as per Clause
5.19 above;

(l)       

The Operator
is required to pay the Client Compensatory Penalties for a year in excess of 100% (one hundred per cent) of the Fee;

(m)       

Non-compliance
with the obligations on sub-contracting and supplies set out in Clause 12 above;

(n)       

Failure to provide
the Services in accordance with the period and/or terms indicated in the relative section of Annex 1;

(o)       

A delay in excess
of 30 (thirty) days in delivering the Report;

(p)       

2 (two) thefts
in each of the years in which the Contract is in force;

(q)       

If one or more
of the O&M Contracts for the Biogas Portfolio have been terminated by one or more of the SPVs for a breach by the Operator.

14.2       

If any of the
circumstances indicated in the previous Clause 14.1 occur, the Contract shall be legally terminated as soon as the Client informs
the Operator in writing of its intention to enforce this express termination clause, which is for the exclusive benefit of the
Client.

14.3       

Other breaches:
For any other breaches by the Operator of the obligations in the Contract that are not insignificant, the Client shall send the
Operator a notice to fulfil (a warning) pursuant Section 1454 of the Civil Code in which the Client grants the Operator a period
of no less than 15 (fifteen) days to remedy the infringement. If the Operator fails, within the assigned period to remedy the infringement,
the Contract shall be terminated by right.

    	18 

    	 

    

 

14.4       

Consequences
of termination for fault of the Operator: In every case in which the Contract is terminated, pursuant to Clauses 14.1 and 14.3,
the Client and the Operator specifically acknowledge and irrevocably agree on the following:

(a)       

The Client shall
only pay the Operator for the amounts accrued for the Services actually provided up to the date of termination, minus any amounts
already paid and any applicable Compensatory Penalties;

(b)       

The Operator
shall in any case perform the Services indicated in the Contract until it is actually replaced, by the Client, by another party,
providing complete and unconditional cooperation and availability to ensure the smooth hand over to the new party. In such a case,
the Operator shall be due a Fee for the number of Working Days following the early termination on which it actually provided the
Services indicated in this Contract. Once this period has expired, the Operator shall clear up and vacate the Site within 10 (ten)
Working Days of the request by the Client; and

(c)       

Within 5 (five)
Working Days of the Operator receiving the notification of termination from the Client, the Operator shall pay the Client a termination
penalty worth 50% (fifty per cent) of the Fee for a year. Moreover, the Client can offset this amount, totally or partially, against
any amounts it might owe the Operator, regardless of their nature. Additionally, this does not prejudice the Client’s right
to seek redress for any additional damages incurred. The Operator acknowledges the penalty and accepts it is consistent with the
Fee for the Services and it waivers any right to take action or make any application designed to reduce the amount of this penalty.

15       

Termination
due to the Client

15.1       

Without prejudice
to what is set out in the Direct Agreement, the Contract shall be rescinded, pursuant to Section 1456 of the Civil Code, at the
fault of the Client, if the Client fails to make the payment of the Fee due to the Operator for a period in excess of 60 (sixty)
Working Days from the moment when the Operator obtained the right to the payment according to the Contract.

15.2    

In all cases of termination pursuant to Clause 15, the Client shall:

(a)       

Pay the Operator
the Fee due for the Services actually provided up to the date of termination, minus any amounts already paid; and

(b)       

Release the Bank
Guarantee.

15.3       

Without prejudice
to the terms and conditions to be established by the Direct Agreement to ensure the Bank’s right to take over in the Contract,
if the Contract has been terminated at the fault of the Client, the Operator shall have to return the Plant to the Client, within
2 (two) Working Days in the actual and legal state in which it is.

16       

Suspension
of the Contractual Obligations

At any time, the Client can request,
in writing, that the Operator suspends, either partially or totally, the provision of its obligations pursuant to this Contract.
If such a suspension exceeds 30 (thirty) Working Days for each contractual year in which the Contract is in force and the suspension
is not directly or indirectly ascribable to the Operator failing to fulfil one or more of its contractual obligations, the Client
shall reimburse the Operator for all its outlay expenses and other reasonably incurred and duly documented costs arising from the
suspension.

17       

Legislative
Changes

17.1       

If any changes
are made to the Applicable Law following the signing of this Contract and such changes have a significant impact on the Plant’s
operations and maintenance, then the Client and the Operator shall agree in good faith and within a reasonable time period, in
relation to the obligations required of each Party by the Contract, the changes to be made to this Contract to adapt it to the
legislative changes. For this, the prior consent of the Bank is required.

    	19 

    	 

    

17.2       

It is understood
that changes to the Applicable Law that cause an increase in the Operator’s operating costs of 20% (twenty per cent) or less
of the annual Fee for the reference year shall not be deemed to be significant changes and, as such, the Operator shall incur any
increased costs due to the legislative changes.

17.3       

It is also understood
and agreed that the Operator, during the negotiations about the changes to be made to this Contract in the wake of a significant
legislative change, will continue to fulfil its contractual obligations and it will also comply with the amended or updated Applicable
Law.

18       

Force
Majeure

18.1       

The Operator
and the Client, depending on the case, agree to inform the other Party of any cases of force majeure (hereafter, Force Majeure)
related to the contractual obligations herein within 2 (two) Working Days of learning about them.

18.2       

The following
shall be considered Force Majeure events, when they prevent the proper fulfilment of the obligations required of the Operator and
the Client by this Contract, when they occurred in Italy and when they could not have been avoided by the party impacted by the
Force Majeure event by using the diligence, prudence and expert knowledge of a reasonable and prudent worker:

(a)       

Wars, riots,
invasions and civil wars;

(b)       

Unrest or occupation
on the areas on which the work is done;

(c)       

National and
local strikes in Italy or other strike action, except where this is company specific or is caused by the illegitimate conduct of
the party, or one of its sub-contractors, affected by the Force Majeure act;

(d)       

Natural disasters,
earthquakes or flooding that prevents the provision of all or many of the Services.

18.3       

The Parties
shall adopt all possible and suitable measures to mitigate the negative effects of a Force Majeure event on the execution of this
Contract.

18.4       

If a Force Majeure
event continues for a period in excess of 30 (thirty) consecutive Working Days or for a total of 120 (one hundred twenty) Working
Days, the Party other than the one prevented from fulfilling the Contract because of the event shall have the right to withdraw
from the Contract, informing the other Party in writing. In such a case, the Operator shall only be entitled to payment of the
Fee for the Services actually provided up to the date of withdrawal.

18.5       

The Operator
acknowledges and accepts that it cannot request any increase in the Fee following a Force Majeure event, for which the Operator
expressly waives all compensation, fees, pay-outs, reimbursements or recompense from insurance entities and/or third parties for
the Client since such events fall within the risk knowingly taken on by the Operator under this Contract and since the cost of
the All Risks Property + Machinery Break Down + Business Interruption policy is payable by the Client. It is thus agreed that any
compensation, fees, pay-outs, reimbursements or recompense for such events paid by insurance entities and/or third parties to the
Client shall not be transferred to the Operator.

18.6       

The following
events, by way of example, but not limited to these, shall not be considered Force Majeure: extended periods of rain, snow and/or
bad weather, fires, thefts and/or acts of vandalism.

19       

Compensation
and Transfer

19.1       

Compensation

(a)       

The Operator
cannot offset what it owes to the Client with what it is owed by the Client and/or the other SPVs under this Contract and/or the
other O&M Contracts for the Biogas Portfolio. 

    	20 

    	 

    

 

(b)       

However, the
Client and/or the other SPVs can offset, at any time, the amounts owed to the Operator under this Contract and/or the other O&M
Contracts against the amounts payable to the Client and/or the other SPVs by the Operator under this Contract and/or the other
O&M Contracts for the Biogas Portfolio (including those amounts owed as Compensatory Penalties). It is, though, understood
that the Client must first offset what it is owed against the amounts due to the Operator under this Contract prior to offsetting
such amounts, for any amount in excess, against what is owed to the Operator by the other SPVs under the other O&M Contracts
for the Biogas Portfolio.

19.2       

Transfer

(a)       

The Operator
cannot transfer or sell, even partially or through the sale or rental of the company or a going concern, this Contract unless it
has the prior written consent of the Client and the Bank.

(b)       

No amounts payable,
no receivables and/or no requests for compensation due to the Operator or derived from this Contract shall be sold or transferred
to third parties, pledged, allocated or used as any form of lien.

(c)       

Pursuant to Section
1406 of the Civil Code, the Operator agrees to the Client selling or transferring, as a whole or in part, this Contract and the
related rights and/or obligations (including the rights and credits linked to the Bank Guarantee).

(d)       

In particular,
from this moment forth, the Operator expressly accepts that all the receivables deriving from this Contract and the Bank Guarantee
are transferred to the Bank to guarantee the commitments accepted by the Client in accordance with the Financing Agreement in effect
at that time.

20       

Communication

20.1       

Any communication
related to this Contract must be in writing and, unless otherwise agreed by the Parties, it must be done using PEC email, registered
letter with read receipt or email (or another form of communication agreed on in writing by the Parties as an alternative) using
the following addresses for the Parties, which should be seen as their domiciles for all intents and purposes, or those notified
in writing at a later stage by each Party to the others:

if to the
Client:

[  ]

if to the Operator:

Biogaservizi S.r.l.

[  ]

or to an alternative address that
is communicated subsequently to the other Party using a form of communication that complies with what is indicated above.

20.2       

Any communication
sent in relation to this Contract shall be deemed to have been made:

(a)       

When it is received
by the recipient, if sent by registered letter with read receipt or courier;

(b)       

When it is sent
(as per the sent confirmation report) if sent by fax, to the addresses indicated above; or

(c)       

When it is sent
(as per the related delivery receipt), if an email is sent to the addresses above;

provided this is done before 5
pm Italian time on a Working Day; otherwise, the following Working Day shall be used.

    	21 

    	 

    

21       

Intellectual,
Industrial and Commercial Property Rights

21.1       

The Operator
guarantees and holds harmless the Client for an unlimited period of time for any and all claims by owners/licence holders of patents,
trademarks, licences, designs, models or other works of intellectual property related to any technical and/or executive aspects
of the provision of the Services.

21.2       

In any case,
the Operator is responsible for all the charges and liabilities connected to obtaining the right to use such patents, trademarks,
licences, designs, models or other works of intellectual property.

21.3       

The Client shall
remain external to all relations between the Operator and the owners/licence holders for such works, and to any resultant disputes
between these parties.

22       

Confidentiality

22.1       

The Parties
agree the contents of this Contract are strictly confidential, except where otherwise required by laws applicable to the Parties
(including the possibility to communicate the signing of this Contract and other terms and conditions by the Client and the Bluesphere
group in order to comply with legal/regulatory obligations or provisions issued by competent authorities). Thus, each of the Parties
undertakes to not divulge any document, data or information received directly or indirectly form the other Party, or that is learnt
during the execution of this Contract, to third parties without the written consent of the other Party.

22.2       

The Client undertakes
to not use documents, data and information provided by the Operator for purposes that are not strictly connected to needs derived
from the ownership, creation, management or maintenance of the Plant or the financing transaction with the Bank. Similarly, the
Operator undertakes to not use documents, data and information provided by the Client for purposes not strictly linked to the needs
derived from fulfilling its obligations under this Contract.

22.3       

The provisions
in Clause 22 shall remain in effect even if the Contract is terminated.

22.4       

The Parties
agree that signing this Contract also indicates the disclosure and granting of consent requirements for the processing of data
pursuant to Legislative Decree no. 196 of 30 June 2003, where required, have been fulfilled.

23       

Project
Finance Funding

23.1       

The Client has
largely funded the creation of the Plant by signing a project financing agreement with the Bank.

23.2       

Consequently,
the Operator shall sign a Direct Agreement, to be annexed to this Contract as Annex 8 (hereafter the Direct Agreement),
with the Bank and the Client.

23.3       

The Parties
mutually acknowledge and agree that:

(a)       

The Client has
appointed, at the indication of the Bank, Protos S.p.A., as the Technical Expert. The Technical Expert shall have the faculties
and prerogatives specifically indicated in this Contract and it shall act in the interests of the Bank. It fees shall be entirely
paid by the Client.

(b)       

The exercise
of certain rights and faculties linked to this Contract by the Parties must be in compliance with the decisions of the Bank and/or
the Technical Expert, in accordance with the Contract.

(c)       

If this Contract
requires the prior consent or agreement of the Bank and/or the Technical Expert, then the provision in question shall be effective
with regard to third parties.

23.4       

Pursuant to
Section 1411 of the Civil Code, the Parties accept, to the benefit of the Bank:

(a)       

This Contract,
including the annexes and related/ancillary documents, shall not be amended without the written consent of the Bank and, in the
absence of such consent, no future or potential changes to the contractual terms and conditions can be agreed by the Parties.

    	22 

    	 

    

(b)       

No exceptions
can be made for any rights, actions or faculties envisaged by this Contract without the written consent of the Bank, even if it
is not expressly stated that such consent is required.

(c)       

To ask the Bank
or to verify that the required consent has been granted every time this is required by the Contract.

23.5       

Without prejudice
to the time limits specifically stated in this Contract, the Parties acknowledge that any delay on the Bank’s behalf in using
any power, right and/ or faculty granted to it by this Contract shall in no way be construed as a waiver thereof. Similarly, the
partial or isolated use of a power, right and/or faculty by the Bank can in no way be seen as precluding the additional or other
use of the same or other powers, rights and/or faculties that the Bank enjoys as a result of this Contract.

24       

Sundry

24.1       

Any amendments
or additions to this Contract or the Annexes must be approved in writing by the Client and Operator.

24.2       

The Contract
constitutes the entire contractual agreement between the Parties for the subject in question and, consequently, it completely replaces
and terminates any prior or separate related agreements, whether written or oral.

24.3       

The nullity,
voidability or invalidity of any of the provisions in this Contract shall not interfere with the validity and efficacy of the other
contractual provisions, without prejudice to Section 1419 of the Civil Code. In any case, the Parties shall do whatever possible
to negotiate, in good faith, replacement provisions that have equivalent effects.

24.4       

The Parties
acknowledge and agree that this Contract has been negotiated between the them and, thus, Sections 1341 and 1342 of the Civil Code
are not applicable.

24.5       

The costs related
to the signing of this Contract, including any stamp duty, copies, registration duties or anything else shall be paid by the Operator.

25       

Applicable
Law and Resolution of Disputes

25.1       

This Contract
shall be governed and interpreted according to Italian law.

25.2       

For any disagreements,
disputes or claims arising between the Parties about the interpretation, enactment or execution of this Contract or any infringement,
the Parties shall initially seek to resolve these through negotiation, within 20 (twenty) Working Days of the one Party notifying
the other in writing about the disagreement.

25.3       

Any disagreements
that cannot be amicably settled shall be the exclusive competence of the Milan Court.

25.4       

The Client and
the Operator can submit any technical disagreement related to the Contract to a technical expert (the Expert). The Expert
shall be selected by the first party to act from among the following: Moroni & Partners, EOS Consulting, BIT S.p.A. or another
consultancy form of proven reliability and technical expertise for the questions that arose, to be agreed in good faith by the
Client and Operator.

25.5       

The Expert shall
resolve disagreements in accordance with the provisions of the Contract, acting as an arbiter pursuant to Section 1349 of the Civil
Code. The Expert must communicate its decision in writing to the Parties, detailing the underlying reason, within thirty (30) Working
Days of accepting the appointment. The fees for the Expert and all the related expenses shall be payable by the losing Party.

Milan, 7 November 2017

 

    	23Exhibit

Aramark
Form of Indemnification Agreement for Directors
THIS AGREEMENT is effective the __th day of _______, 20__, between Aramark, a Delaware corporation (the “Company”), and [NAME] (“Indemnitee”), whose address is _____________. 
RECITALS 
WHEREAS, it is essential to the Company to retain and attract as directors, officers and other certain key employees the most capable persons available; 
WHEREAS, Indemnitee is a member of the Board of Directors, a corporate officer of the Company (a “Designated Officer”) or an employee of the Company designated by the Board of Directors to have the benefit of this Agreement (a “Designated Employee”) and in such capacity is performing a valuable service for the Company; 
WHEREAS, the By-laws of the Company provide for the indemnification of its directors and officers to the full extent authorized or permitted by the Delaware General Corporation Law (the “Corporate Statute”); 
WHEREAS, the Corporate Statute specifically provides that it is not exclusive, and thereby contemplates that contracts may be entered into between the Company and the members of its Board of Directors, its officers or other employees which provide for broader indemnification of such directors, officers and other employees; 
WHEREAS, developments with respect to the terms and availability of Directors and Officers Liability Insurance (“D&O Insurance”) and with respect to the application, amendment and enforcement of statutory, Certificate of Incorporation and By-law indemnification provisions generally, have raised questions concerning the availability of such insurance and if available, the adequacy and reliability of the protection afforded to directors, Designated Officers and Designated Employees thereby; 
WHEREAS, in recognition of Indemnitee’s need for substantial protection against personal liability in order to enhance Indemnitee’s service or continued service to the Company in an effective manner and in part to provide Indemnitee with specific contractual assurance that the indemnification protection provided by the Company’s By-laws will be available to Indemnitee (regardless of, among other things, any amendment to or revocation of such By-laws, change in the composition of the Company’s Board of Directors, or acquisition transaction relating to the Company), and in order to induce Indemnitee to provide or to continue to provide services to the Company as a director, Designated Officer or Designated Employee thereof, the Company wishes to provide in this Agreement for the indemnification of and the advancing of expenses and other costs to Indemnitee to the full extent permitted by law and as set forth in this Agreement. 
NOW, THEREFORE, in consideration of the premises and of Indemnitee commencing or continuing to serve the Company directly or, at its request, another enterprise or entity, including, without limitation, any benefit plan, and intending to be legally bound hereby, the parties hereby agree as follows: 

AGREEMENT 
1.    Certain Definitions.
(a) “Change of Control” shall mean (i) The acquisition by any individual entity or group, within the meaning of Section 13(d)(3) or 14(d)(2) of the Exchange Act, other than the Investor Groups and their Affiliates (the “Permitted Holders”), directly or indirectly, of beneficial ownership of equity securities of the Company representing more than 50% of the voting power of the then-outstanding equity securities of the Company entitled to vote generally in the election of directors (the “Company Voting Securities”); provided, however, that for purposes of this subsection (i), the following shall not constitute a Change of Control: (A) any acquisition by the Company or by any Sponsor Stockholder, (B) any acquisition by any employee benefit plan (or related trust) sponsored or maintained by the Company or any Subsidiary, or (C) any acquisition by any Person pursuant to a transaction which complies with clauses (A) and (B) of subsection (ii) below; or 
(ii) The consummation of a reorganization, merger or consolidation or sale or other disposition of all or substantially all of the assets of the Company or the purchase of assets or stock of another entity (a “Business Combination”), in each case, unless immediately following such Business Combination, (A) all or substantially all of the beneficial owners of the Company’s Voting Securities immediately prior to such Business Combination beneficially own more than 50% of the then-outstanding combined voting power of the then-outstanding securities entitled to vote generally in the election of directors of the entity resulting from such Business Combination in substantially the same proportion (relative to each other) as their ownership immediately prior to such Business Combination of the Company Voting Securities, and (B) no Person (excluding the Permitted Holders) beneficially owns, directly or indirectly, more than a majority of the combined voting power of the then-outstanding voting securities of such entity except to the extent that such ownership of the Company existed prior to the Business Combination. 
Notwithstanding paragraphs (i) and (ii) above, in no event will a Change of Control be deemed to occur if the Permitted Holders maintain a direct or indirect Controlling Interest in the Company. A “Controlling Interest” in an entity shall mean beneficial ownership of more than 50% of the voting power of the outstanding equity securities of the entity. 
Capitalized terms used herein and not otherwise defined herein shall have the meaning set forth in the Stockholders Agreement, dated January 26, 2007, as amended, by and among the Company, ARAMARK Intermediate HoldCo Corporation, and the stockholders named therein. 
(b) “Expenses”: include attorneys’ fees and all other costs, travel expenses, fees of experts, transcripts costs, filing fees, witness fees, telephone charges, postage, delivery service fees, expenses and obligations of any nature whatsoever paid or incurred in connection with investigating, defending, prosecuting, being a witness in or participating in (including on appeal), or preparing to investigate, defend, prosecute, be a witness in or participate in any claim, action, suit or proceeding or inquiry or investigation, formal or informal, including, without limitations, any appeal for which a claim for indemnification may be made hereunder. 
(c) “Potential Change in Control”: shall be deemed to have occurred if (i) the Company enters into an agreement or arrangement, the consummation of which would result in the occurrence of a Change in Control; (ii) any person or entity (including the Company) publicly announces an intention to take or to consider taking actions which if consummated would constitute a Change in Control; or (iii) the Board of Directors adopts a resolution to the effect that, for purposes of this Agreement, a Potential Change in Control has occurred. 

(d) “Independent Counsel”: an attorney or a law firm (either being referred to as a “person”) who is experienced in matters of corporate law and who shall not have otherwise performed material services for the Company or Indemnitee within the immediately preceding five years, other than services as Independent Counsel hereunder and who shall not have performed services for any other party to the proceeding giving rise to the claim for indemnification hereunder. Independent Counsel shall not be any person who, under the applicable standards of professional conduct then prevailing, would have a conflict of interest in representing either the Company or Indemnitee in an action to determine Indemnitee’s rights under this Agreement, nor shall Independent Counsel be any person who has been sanctioned or censured for ethical violations of applicable standards of professional conduct in the last five years.
(e) “Final Judgment”: a final (not interlocutory) judgment or other adjudication of a court or arbitration or administrative body of competent jurisdiction as to which there is no further right or option of appeal or the time within which an appeal must be filed has expired without such filing. 
Capitalized terms used herein and not otherwise defined herein shall have the meaning set forth in the Stockholders Agreement, dated January 26, 2007, as amended, by and among the Company, ARAMARK Intermediate HoldCo Corporation, and the stockholders named therein. 
2.    Maintenance of Insurance; Limitations. 
(a) The Company currently has in force and effect several policies of D&O Insurance (collectively, the “Insurance Policy”). The Company agrees to furnish a copy of the Insurance Policy to Indemnitee upon request. The Company agrees that, so long as Indemnitee shall continue to serve as a director, or Designated Officer of the Company (or shall at the request of the Company serve as a director, officer, employee or agent of another corporation, partnership, limited liability company, joint venture, trust, employee benefit plan or other enterprise) and thereafter so long as Indemnitee shall be subject to any possible claim, or threatened, pending or completed action, suit or proceeding, whether civil, criminal, administrative, investigative, formal or informal, by reason of the fact that Indemnitee was a director or Designated Officer of the Company (or served in any of said other capacities), the Company will, subject to the limitations set forth in Section 2(b) hereof, endeavor to purchase and maintain in effect for the benefit of Indemnitee one or more valid, binding and enforceable policy or policies of D&O Insurance providing, in all respects, coverage at least comparable to that provided pursuant to the Insurance Policy. 
(b) The Company shall not be required to maintain the Insurance Policy or such other policy or policies of D&O Insurance in effect if, in the sole business judgment of the then Board of Directors of the Company, (i) such insurance is not reasonably available, (ii) the premium cost for such insurance is substantially disproportionate to the amount of coverage, or (iii) the coverage provided by such insurance is so limited by exclusions that there is a disproportionately insufficient benefit from such insurance. 
3.    Indemnification of Indemnitee.
The Company agrees to hold harmless, indemnify and defend Indemnitee to the fullest extent authorized or permitted by the provisions of the Corporate Statute and to such greater extent as the Corporate Statute or other applicable law may thereafter from time to time permit. 

4.    Additional Indemnity.
(a) Subject to the exclusions set forth in Section 5 hereof, the Company further agrees to hold harmless, indemnify and defend Indemnitee against any and all reasonable Expenses, and all liability and loss including, without limitation, judgments, excise taxes, penalties, fines and amounts paid or to be paid in settlement, actually incurred by Indemnitee in connection with any threatened, pending or completed claim, action, suit or proceeding, whether civil, criminal, administrative, investigative, formal or informal (including an action by or in the right of the Company) to which Indemnitee is, was or at any time becomes a party, or is threatened to be made a party, by reason of the fact that Indemnitee is, was or at any time becomes a director, Designated Officer, Designated Employee or agent of the Company, or is or was serving or at any time serves at the request of the Company as a director, officer, trustee, employee, agent, fiduciary or “party in interest” (as defined in ERISA) of, or with respect to, or the Company’s representative in, another corporation, partnership, limited liability company, joint venture, trust, employee benefit plan or other enterprise. 
(b) Notwithstanding any other provision of this Agreement, to the extent that Indemnitee is, by reason of having served as a director, Designated Officer, Designated Employee or agent of the Company or at the request of the Company as a director, officer, trustee, employee, agent, fiduciary or “party in interest” (as defined in ERISA) of, or with respect to, or the Company’s representative in, another corporation, partnership, limited liability company, joint venture, trust, employee benefit plan or other enterprise, a witness in any proceeding to which he is not a party, he shall be indemnified against all Expenses actual and reasonably incurred by Indemnitee or on his behalf in connection therewith. 
5.    Limitations on Indemnity.
(a) No indemnification pursuant to Section 3 or Section 4 hereof shall be paid by the Company: 
(i) on account of remuneration paid to Indemnitee if it shall be determined by a Final Judgment that such remuneration was in violation of law; 
(ii) on account of any suit in which a Final Judgment is rendered against Indemnitee for an accounting of profits made from the purchase or sale by Indemnitee of securities of the Company pursuant to the provisions of Section 16(b) of the Securities Exchange Act of 1934 and amendments thereto or similar provisions of any federal, state or local statutory law; or 
(iii) if a Final Judgment establishes that such indemnification is not lawful. 
(b) The Company’s indemnification obligations under this Agreement shall be reduced to the extent payment is made to or for the benefit of Indemnitee pursuant to any D&O Insurance purchased and maintained by the Company. 
(c) To the extent Indemnitee’s claim for indemnification under this Agreement arises out of Indemnitee’s service at the request of the Company as a director, officer, employee or agent of another corporation, partnership, limited liability company, joint venture, trust, employee benefit plan or other enterprise, the Company’s indemnification obligation hereunder shall be limited to that amount required in excess of any indemnification and/or insurance provided to Indemnitee by such other corporation, partnership, limited liability company, joint venture, trust, employee benefit plan or other enterprise. Indemnitee hereby also agrees that any indemnification obligation of the Company under the Company’s certificate of incorporation or by-laws with respect to such a claim shall also be subject to this limitation. 
6.    Continuation of Indemnity.

All agreements and obligations of the Company contained herein shall continue during the period Indemnitee is a director, Designated Officer and/or Designated Employee of the Company (or is or was serving at the request of the Company as a director, officer, employee or agent of another corporation, partnership, limited liability company, joint venture, trust, employee benefit plan or other enterprise) and shall continue thereafter so long as Indemnitee shall be subject to any possible claim, or threatened, pending or completed action, suit or proceeding, whether civil, criminal, administrative, investigative, formal or informal, by reason of the fact that Indemnitee was a director, Designated Officer, Designated Employee or agent of the Company or was serving in any other capacity described in this Section 6. 
7.    Notification and Defense of Claim.
Promptly after receipt by Indemnitee of notice of the commencement of any action, suit or proceeding, Indemnitee shall, if a claim in respect thereof is to be made against the Company under this Agreement, notify the Company of the commencement thereof; but the omission so to notify the Company shall not relieve it from any liability which it may have to Indemnitee. With respect to any such action, suit or proceeding as to which Indemnitee notifies the Company of the commencement thereof: 
(a) the Company shall be entitled to participate therein at its own expense; 
(b) except as otherwise provided below, to the extent that it may wish, the Company jointly with any other indemnifying party similarly notified shall be entitled to assume the defense thereof, with counsel reasonably satisfactory to Indemnitee. After notice from the Company to Indemnitee of its election so to assume the defense thereof, the Company shall not be liable to Indemnitee under this Agreement for any legal or other expenses subsequently incurred by Indemnitee in connection with the defense thereof other than reasonable costs of investigation or as otherwise provided below. Indemnitee shall have the right to employ his own chosen counsel in such action, suit or proceeding but the fees and expenses of such counsel incurred after notice from the Company of its assumption of the defense thereof shall be at the expense of Indemnitee, unless (i) the employment of such counsel by Indemnitee has been authorized by the Company, (ii) Indemnitee shall have reasonably concluded that there may be a conflict of interest between the Company and Indemnitee in the conduct of the defense of such action, suit or proceeding or (iii) the Company shall not in fact have employed its counsel to assume the defense of such action, in each of which cases the fees and expenses of Indemnitee’s counsel shall be at the expense of the Company. The Company shall not be entitled to assume the defense of any action, suit or proceeding brought by or on behalf of the Company or as to which Indemnitee shall have made the conclusion described in (ii) of this Section 7(b); and 
(c) the Company shall not be liable to indemnify Indemnitee under this Agreement for any amounts paid in settlement of any action or claim effected without the Company’s written consent. The Company shall not settle any action or claim in any manner which would impose any penalty, equitable remedy or injunctive or other relief or limitation on Indemnitee without Indemnitee’s written consent. Neither the Company nor Indemnitee shall unreasonably withhold their consent to any proposed settlement. 
8.    Procedures for Determination of Entitlement to Indemnification. 
(a) Initial Request. To obtain indemnification under this Agreement, Indemnitee shall submit to the Company a written request, including therein or therewith such documentation and information as is reasonably available to Indemnitee and is reasonably necessary to determine whether and to what extent Indemnitee is entitled to indemnification. The Secretary of the Company shall promptly advise the Board of Directors in writing that Indemnitee has requested indemnification. 

(b) Method of Determination. If such a determination is required as a matter of law as a condition to indemnification, a determination with respect to Indemnitee’s entitlement to indemnification shall be made as follows: 
(i) if a Change in Control has occurred, unless Indemnitee shall request in writing that such determination be made in accordance with clause (ii) of this Section 8(b), the determination shall be made by Independent Counsel in a written opinion to the Board of Directors, a copy of which shall be delivered to Indemnitee; 
(ii) if a Change of Control has not occurred, the determination shall be made by the Board of Directors by a majority vote of a quorum consisting of directors who are not and were not a party to the action, suit or proceeding in respect of which indemnification is sought by Indemnitee (“Disinterested Directors”). In the event that a quorum of the Board of Directors consisting of Disinterested Directors is not obtainable or, even if obtainable, such quorum of Disinterested Directors so directs, the determination shall be made by Independent Counsel in a written opinion to the Board of Directors, a copy of which shall be delivered to Indemnitee. 
(c) Selection, Payment, Discharge of Independent Counsel. In the event the determination of entitlement of indemnification is to be made by Independent Counsel pursuant to Section 8(b) hereof, the Independent Counsel shall be selected, paid, and discharged in the following manner: 
(i) If a Change of Control has not occurred, the Independent Counsel shall be selected by the Board of Directors, and the Company shall give written notice to Indemnitee advising Indemnitee of the identity of the Independent Counsel so selected. 
(ii) If a Change of Control has occurred, the Independent Counsel shall be selected by Indemnitee (unless Indemnitee shall request that such selection be made by the Board of Directors, in which event clause (i) of this Section 8(c) shall apply), and Indemnitee shall give written notice to the Company advising it of the identity of the Independent Counsel so selected. 
(iii) Following the initial selection described in clauses (i) and (ii) of this Section 8(c), Indemnitee or the Company, as the case may be, may, within ten (10) days after such written notice of selection has been received, deliver to the other party a written objection to such selection. Such objection may be asserted only on the ground that the Independent Counsel so selected does not meet the requirements of “Independent Counsel” as defined in Section 1(d) hereof, and the objection shall set forth with particularity the factual basis of such assertion. Absent a proper and timely objection, the person so selected shall act as Independent Counsel. If such written objection is made, the Independent Counsel so selected may not serve as Independent Counsel unless and until a court has determined that such objection is without merit. 
(iv) Either the Company or Indemnitee may petition a court of competent jurisdiction if the parties have been unable to agree on the selection of Independent Counsel within 20 days after receipt by the Company of a written request for indemnification pursuant to Section 8(a) hereof. Such petition may request a determination whether an objection to the party’s selection is without merit and/or seek the appointment as Independent Counsel of a person selected by the court or by such other person as the court shall designate. A person so appointed shall act as Independent Counsel under Section 8(b) hereof. 
(v) The Company shall pay any and all reasonable fees of Independent Counsel, and the reasonable expenses incurred by such Independent Counsel, in connection with acting pursuant to this Agreement, and the Company shall pay all reasonable fees and expenses incident to the procedures of this Section 8(c), regardless of the manner in which such Independent Counsel was selected or appointed. 

(vi) Upon due commencement of any judicial proceeding pursuant to Section 11(b) hereof, the Independent Counsel shall be discharged and relieved of any further responsibility in such capacity (subject to the applicable standards of professional conduct then prevailing). 
(d) Cooperation. Indemnitee shall cooperate with the person, persons or entity making the determination with respect to Indemnitee’s entitlement to indemnification under this Agreement, including providing to such person, persons or entity upon reasonable advance request any documentation or information which is not privileged or otherwise protected from disclosure and which is reasonably available to Indemnitee and reasonably necessary to such determination. Any costs or expenses (including attorneys’ fees and disbursements) incurred by Indemnitee in so cooperating with the person, persons or entity making such determination shall be borne by the Company (irrespective of the determination as to Indemnitee’s entitlement to indemnification) and the Company hereby indemnifies and agrees to hold Indemnitee harmless therefrom. If a determination is made that Indemnitee is entitled to indemnification under this Agreement (including if such indemnification is subject to Section 5(c)), Indemnitee shall continue to provide the Company with such documentation and information and to provide such other cooperation as the Company may reasonably request. Any costs or expenses (including attorneys’ fees and disbursements) incurred by Indemnitee in so cooperating with the Company shall be borne by the Company and the Company hereby indemnifies and agrees to hold Indemnitee harmless therefrom. 
9.    Presumptions and Effect of Certain Proceedings.
(a) In making a determination with respect to entitlement to indemnification hereunder, the person or persons or entity making such determination shall presume that Indemnitee is entitled to indemnification under this Agreement if Indemnitee has submitted a request for indemnification in accordance with Section 8(a) of this Agreement, and the Company shall have the burden of proof to overcome that presumption in connection with the making by any person, persons or entity of any determination contrary to that presumption. 
(b) The termination of any action, suit or proceeding or of any claim, issue or matter therein, by judgment, order, settlement or conviction, or upon a plea of nolo contendere or its equivalent, shall not of itself adversely affect the right of Indemnitee to indemnification or create a presumption that Indemnitee did not act in accordance with any standard of conduct that may be a condition to indemnification. 
(c) For purposes of any determination of good faith, Indemnitee shall be deemed to have acted in good faith if Indemnitee’s action is based on the records or books of account of the Company, including financial statements, or on information supplied to Indemnitee by the officers of the Company in the course of their duties, or on the advice of legal counsel for the Company or on information or records given or reports made to the Company by an independent certified public accountant or by an appraiser or other expert selected with reasonable care by the Company. The provisions of this Section 9(c) shall not be deemed to be exclusive or to limit in any way the other circumstances in which Indemnitee may be deemed to have met the applicable standards for indemnification set forth in this Agreement. 
(d) The knowledge and/or actions or failure to act of any director, officer, agent or employee of the Company shall not be imputed to Indemnitee for purposes of determining the right to indemnification under this Agreement. 

10.    Advance of Expenses, Judgments, Etc.
(a) The Expenses incurred by Indemnitee in defending any claim, action, investigation, formal or informal, request for documents or information, responding to any subpoena or other legal process, suit or proceeding pursuant to which a claim for Indemnification may be applied for by Indemnitee pursuant to this Agreement, shall be advanced by the Company at the request of Indemnitee. Any judgments, fines or amounts to be paid in settlement shall also be advanced by the Company to Indemnitee upon request. 
(b) Prior to the advancement of Expenses by the Company pursuant to this Section 10, Indemnitee must, if required by law, provide an undertaking that if it shall ultimately be determined in a Final Judgment that Indemnitee was not entitled to be indemnified, or was not entitled to be fully indemnified, Indemnitee shall promptly repay to the Company all amounts advanced or the appropriate portion thereof so advanced. 
11.    Enforcement.
(a) The Company expressly confirms and agrees that it has entered into this Agreement and assumed the obligations imposed on the Company hereby in order to induce Indemnitee to commence or continue serving as a director, Designated Officer and/or Designated Employee of the Company, and/or at the request of the Company as a director, officer, employee or agent of another corporation, partnership, limited liability company, joint venture, trust, employee benefit plan or other enterprise, and acknowledges that Indemnitee is relying upon this Agreement in commencing or continuing in such capacity. 
(b) If (i) a determination is made that Indemnitee is not entitled to indemnification under this Agreement, (ii) an advancement of Expenses, judgments, fines or amounts to be paid in settlement or other amounts pursuant to Section 11 hereof is not made within 15 days after receipt by the Company of a request therefor, (iii) a determination of entitlement to indemnification pursuant to Section 8 hereof has not been made within 90 days after receipt by the Company of the request therefor, or (iv) payment of indemnification is not made within 10 days after a determination has been made that Indemnitee is entitled to indemnification, then Indemnitee may bring an action against the Company to recover the unpaid amount of the claim. In the event Indemnitee is required to bring any action to enforce rights or to collect moneys due under this Agreement, the Company shall reimburse Indemnitee for all of the Indemnitee’s Expenses in bringing and pursuing such action, whether or not Indemnitee is successful in such action, unless the court or other adjudicative body determines that such action for enforcement brought by Indemnitee was frivolous. 
(c) In the event that a determination shall have been made pursuant to Section 8 of this Agreement that Indemnitee is not entitled to indemnification, any judicial proceeding commenced pursuant to this Section 11 shall be conducted in all respects as a de novo trial on the merits and Indemnitee shall not be prejudiced by reason of that adverse determination. If a Change of Control shall have occurred, in any judicial proceeding commenced pursuant to this Section 11 the Company shall have the burden of proving that Indemnitee is not entitled to indemnification or advancement of Expenses, as the case may be. 
(d) If a determination shall have been made or deemed to have been made pursuant to Section 8 or 9 of this Agreement that Indemnitee is entitled to indemnification, the Company shall be bound by such determination in any judicial proceeding commenced pursuant to this Section 11, absent (i) a misstatement by Indemnitee of a material fact, or an omission of a material fact necessary to make Indemnitee’s statement not materially misleading, in connection with the request for indemnification, or (ii) a prohibition of such indemnification under applicable law. 

(e) The Company shall be precluded from asserting in any judicial proceeding or arbitration commenced to enforce this Agreement, including a judicial proceeding commenced pursuant to this Section 11, that the procedures and presumptions of this Agreement are not valid, binding and enforceable or that there is not sufficient consideration for this Agreement and shall stipulate in any such court that the Company is bound by all the provisions of this Agreement. 
12.    Establishment of Trust.
In the event of a Potential Change in Control other than a Potential Change in Control approved by the Board of Directors of the Company prior to the Change in Control or in the event of such a Change in Control that has been so approved, if the Board determines in its discretion that this Section 12 should still apply, the Company shall, upon written request by Indemnitee, create a trust for the benefit of Indemnitee; and from time to time upon written request of Indemnitee the Company shall fund such trust in an amount sufficient to satisfy any and all Expenses reasonably anticipated at the time of each such request to be incurred, and any and all judgments, fines, penalties and settlement amount actually paid or claimed, reasonably anticipated or proposed to be paid, in connection with any pending or competed action, suit or proceeding pursuant to which a claim for indemnification or advancement may be applied for by Indemnitee pursuant to this Agreement. The amount or amounts to be deposited in the trust pursuant to the foregoing funding obligation shall be determined by Independent Counsel. The terms of the trust shall provide that upon a Change in Control (i) the trust shall not be revoked or the principal thereof invaded, without the written consent of Indemnitee, (ii) the trustee shall advance, within 15 days after receipt of a request by Indemnitee, any and all Expenses, judgments, fines or settlement amounts to Indemnitee for which funding has been provided (and Indemnitee hereby agrees to reimburse the trust under the circumstances under which Indemnitee would be required to reimburse the Company under Section 10 hereof), (iii) the trust shall continue to be funded by the Company in accordance with the funding obligations set forth above, (iv) the trustee shall promptly pay to Indemnitee, from and to the extent such trust has been funded, all amounts for which Indemnitee shall be entitled to indemnification pursuant to this Agreement or otherwise, and (v) all unexpended funds in such trust shall revert to the Company upon a final determination by Independent Counsel or a Final Judgment, as the case may be, that the Indemnitee has been fully indemnified under the terms of this Agreement. The trustee shall be an Independent Counsel or another independent person agreed upon by the Company and the Indemnitee. Nothing in this Section 12 shall relieve the Company of any of its obligations under this Agreement or under applicable law, the Company’s Certificate of Incorporation or By-Laws. All income earned on the assets held in the trust shall be reported as income by the Company for federal, state, local and foreign tax purposes. Notwithstanding the foregoing, the Company shall have the right, in its sole discretion, in lieu of creating and funding such trust, to purchase and maintain one or more bonds or other forms of adequate security from an insurance company, surety company or similar source reasonably acceptable to Indemnitee, for the amounts which it would otherwise be required to place in trust pursuant to this Section 12. 
13.    Other Rights and Remedies.
The indemnification and other rights provided by this Agreement shall not be deemed exclusive of any other rights to which Indemnitee may be entitled or hereafter acquire under any provision of law, the Company’s Certificate of Incorporation or By-laws, other agreement, vote of shareholders or directors or otherwise, as to action in Indemnitee’s official capacity while occupying any of the positions or having any of the relationships referred to in this Agreement, and shall continue after Indemnitee has ceased to occupy such position or have such relationship, respecting acts or omissions of Indemnitee while Indemnitee occupied such position or had such relationship. No amendment, alteration or repeal of this Agreement or any provision hereof shall be effective as to Indemnitee with respect to any action taken or 

omitted by Indemnitee while occupying any of the positions or having any of the relationships referred to in this Agreement prior to such amendment, alteration or repeal. 
14.    Notices.
All notices, requests, demands and other communications hereunder shall be in writing and shall be deemed to have been duly given if (i) delivered by hand and receipted for by the party to whom said notice or other communications shall have been directed, (ii) mailed by certified or registered mail with postage prepaid, or by Federal Express or similar service providing receipt against delivery, and (iii) telefaxed and received with a confirming copy received by the method described in (ii) above and shall be deemed received on the earlier of actual receipt or the third business day after the date on which it is so mailed: 
(a) if to Indemnitee, to the address set forth above or to such other address as may be furnished to the Company by Indemnitee by notice similarly given; or 
(b) if to the Company, to: 
Aramark Holdings Corporation 
1101 Market Street 
Philadelphia, PA 19107-2988 
Attn: Corporate Secretary 
215-413-8808 (facsimile) 
or to such other address as may be furnished to Indemnitee by the Company by notice similarly given. 
15.    Subrogation.
In the event of payment under this Agreement, the Company shall be subrogated to the extent of such payment to all of the rights of recovery of Indemnitee in respect of such payment against one or more third parties (including without limitation D&O Insurance, if applicable). Indemnitee shall execute all documents and instruments necessary or desirable for such purpose, and shall do everything that may be reasonably necessary to secure such rights at the Expense of the Company, including the execution of such documents and instruments reasonably necessary or desirable to enable the Company effectively to bring suit to enforce such rights. 
16.    No Construction as Employment Agreement.
Nothing contained herein shall be construed as giving Indemnitee any right to be retained as a director, officer or employee of the Company or in any capacity with any other entity referred to in Section 6 hereof, or in the employ of the Company or of any such other entity. 
17.    Severability.
The provisions of this Agreement shall be severable in the event that any of the provisions hereof (including any provision within a single section, paragraph or sentence) are held by a court of competent jurisdiction to be invalid, void or otherwise unenforceable, and the remaining provisions shall remain enforceable to the fullest extent permitted by law. Furthermore, to the fullest extent possible, the provisions of this Agreement (including without limitation each portion of this Agreement containing any provision held to be invalid, void or otherwise unenforceable, that is not itself invalid, void or unenforceable) shall be construed so as to give effect to the intent manifested by the provision held invalid, illegal or unenforceable. 

18.    No Third-Party Beneficiaries.
Nothing in this Agreement, express or implied, is intended to or shall confer upon any other person any right, benefit or remedy of any nature whatsoever under or by reason of this Agreement other than any estate, heir, executor or administrator of or other successor to Indemnitee. 
19.    Governing Law; Binding Effect; Amendment, Termination, Assignment and Waiver.
(a) This Agreement shall be interpreted and enforced in accordance with the laws of the State of Delaware. 
(b) This Agreement shall be binding upon and inure to the benefit of and be enforceable by and against the parties hereto and their respective successors and assigns (including without limitation any direct or indirect successor by purchase, merger, consolidation or otherwise to all, substantially all, or a substantial part, of the business and/or assets of the Company), and spouses, heirs, and personal and legal representatives. The Company shall require and cause any successor (whether direct or indirect by purchase, merger, consolidation or otherwise) to all, substantially all, or a substantial part, of the business and/or assets of the Company, by written agreement in form and substance satisfactory to Indemnitee, expressly to assume and agree to perform this Agreement in the same manner and to the same extent that the Company would be required to perform if no such succession had taken place. 
(c) No amendment, modification, termination, cancellation or assignment of this Agreement shall be effective unless in writing signed by both parties hereto. No waiver of any of the provisions of this Agreement shall be binding unless executed in writing by the party making the waiver nor shall any such waiver constitute a continuing waiver. 
IN WITNESS WHEREOF, the parties have executed this Agreement on and as of the day and year first above written. 
Aramark
_________________________________            By: _________________________________
[INDEMNITEE]

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