Document:

Purchase Agreement

 Exhibit 4.1 
 EXECUTION COPY 
 $2,032,000,000 
 Sabine Pass LNG, L.P. 
 7 1/4% Senior Secured Notes due 2013 
 7 1/2% Senior Secured Notes due 2016 
 PURCHASE AGREEMENT 
 November 1, 2006 
 CREDIT SUISSE SECURITIES (USA) LLC
(“Credit Suisse”), 
   As Representative of the Several Purchasers, 
     Eleven Madison Avenue, 
       New York, N.Y. 10010-3629 
 Dear Sirs: 
 1.
Introductory. Sabine Pass LNG, L.P., a Delaware limited partnership (the “Company”), proposes, subject to the terms and conditions stated herein, to issue and sell to the several initial purchasers named in Schedule A
hereto (the “Purchasers”) U.S. $550,000,000 aggregate principal amount of its 7 1/4%
Senior Secured Notes due 2013 (the “2013 Notes”) and U.S. $1,482,000,000 aggregate principal amount of its 7 1/2% Senior Secured Notes due 2016 (the “2016 Notes”, and collectively with the 2013 Notes, the “Offered Securities”) to be issued under an indenture, dated as of November 9, 2006 as
amended or supplemented from time to time (the “Indenture”), between the Company and The Bank of New York, as Trustee. The United States Securities Act of 1933 is herein referred to as the “Securities Act.”

 The holders of the Offered Securities will be entitled to the benefits of a Registration Rights Agreement dated
November 9, 2006 among the Company and the Purchasers (the “Registration Rights Agreement”), pursuant to which the Company agrees to file a registration statement with the Securities Exchange Commission (the
“Commission”) registering the exchange of registered notes for the Offered Securities or resale of the Offered Securities under the Securities Act. 
 The Company hereby agrees with the several Purchasers as follows: 
 2. Representations and Warranties of
the Company. The Company represents and warrants to, and agrees with, the several Purchasers that: 
 (a) A preliminary
offering circular, dated October 23, 2006, as supplemented by the supplement thereto, dated October 30, 2006 (together, the “Preliminary Offering Circular”) relating to the Offered Securities to be offered by the
Purchasers and a final offering circular (the “Final Offering Circular”) disclosing the offering price and other final terms of the Offered Securities and is dated as of the date of this Agreement (even if finalized and issued
subsequent to the date of this Agreement) have been or will be prepared by the Company. “General Disclosure Package” means the Preliminary Offering Circular, together with any Issuer Free Writing Communication (as hereinafter
defined) existing at the Applicable Time (as hereinafter defined) and the information in which is intended for general distribution to prospective investors, as evidenced by 
  

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 its being specified in Schedule B to this Agreement (including the term sheet listing the final
terms of the Offered Securities and their offering, included in Schedule B to this Agreement, which is referred to as the “Terms Communication”). “Applicable Time” means 6:00 p.m. (Eastern time) on the date
of this Agreement. As of the date of this Agreement and as of the Closing Date, the Final Offering Circular does not, and will not include any untrue statement of a material fact or omit to state any material fact necessary in order to make the
statements therein, in the light of the circumstances under which they were made, not misleading. At the Applicable Time and as of the Closing Date, neither (i) the General Disclosure Package, nor (ii) any individual Supplemental Marketing
Material (as hereinafter defined), when considered together with the General Disclosure Package, included nor will include any untrue statement of a material fact or omitted or will omit to state any material fact necessary in order to make the
statements therein, in the light of the circumstances under which they were made, not misleading. The preceding two sentences do not apply to statements in or omissions from the Preliminary Offering Circular or Final Offering Circular, the General
Disclosure Package or any Supplemental Marketing Material based upon written information furnished to the Company by any Purchaser through Credit Suisse specifically for use therein, it being understood and agreed that the only such information is
that described as such in Section 8(b) hereof. The information required to be delivered to holders and prospective purchasers of the Offered Securities pursuant to Section 4.03 of the Indenture and in accordance with Rule 144A(d)(4)
under the Securities Act (the “Additional Issuer Information”) does not include any untrue statement of a material fact or omit to state any material fact necessary to make the statements therein, in the light of the circumstances
under which they were made, not misleading. The preceding sentence does not apply to statements in or omissions from the Preliminary Offering Circular or Final Offering Circular based upon written information furnished to the Company by any
Purchaser through Credit Suisse specifically for use therein, it being understood and agreed that the only such information is that described as such in Section 8(b) hereof. 
 “Free Writing Communication” means a written communication (as such term is defined in Rule 405 under the Securities Act) that
constitutes an offer to sell or a solicitation of an offer to buy the Offered Securities and is made by means other than the Preliminary Offering Circular or the Final Offering Circular. “Issuer Free Writing Communication” means a
Free Writing Communication prepared by or on behalf of the Company, used or referred to by the Company or containing a description of the final terms of the Offered Securities or of their offering, in the form retained in the Company’s records.
“Supplemental Marketing Material” means any Issuer Free Writing Communication specified in Schedule C to this Agreement. 
 (b) The Company has been duly organized and is an existing limited partnership in good standing under the laws of the State of Delaware, with power and authority (limited partnership and other) to own its properties
and conduct its business as described in the General Disclosure Package; and the Company is duly qualified to do business as a foreign limited partnership in good standing in all other jurisdictions in which its ownership or lease of property or the
conduct of its business requires such qualification, except where the failure to be so qualified or have such power or authority would not, individually or in the aggregate, have a material adverse effect on the business, properties, management,
financial position, capital accounts, results of operations or prospects of the Company or on the performance by the Company of its obligations with respect to the Offered Securities (including, without limitation, its obligations under the
Registration Rights Agreement) (a “Material Adverse Effect”). 
 (c) The Indenture has been duly authorized
and, when duly executed and delivered in accordance with its terms by each of the parties thereto, will conform in all material respects to the description thereof contained in the General Disclosure Package and the Final Offering Circular and will
constitute a valid and legally binding agreement of the Company enforceable against the Company in accordance with its terms, subject to bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium and similar laws of general
applicability relating to or affecting creditors’ rights and to general equity principles. 
  

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 (d) The Offered Securities have been duly authorized, and when the Offered Securities are
duly executed, authenticated, issued and delivered as provided in the Indenture and paid for pursuant to this Agreement on the Closing Date (as defined below), will conform in all material respects to the description thereof contained in the General
Disclosure Package and the Final Offering Circular, and such Offered Securities will be duly and validly issued and outstanding and will constitute valid and legally binding obligations of the Company, enforceable in accordance with their terms,
subject to bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium and similar laws of general applicability relating to or affecting creditors’ rights and to general equity principles, and will be entitled to the benefits of
the Indenture. 
 (e) Except as disclosed in the General Disclosure Package, there are no contracts, agreements or
understandings between the Company and any person that would give rise to a valid claim against the Company or any Purchaser for a brokerage commission, finder’s fee or other like payment. 
 (f) No consent, approval, authorization, or order of, or filing with, any governmental agency or body or any court is required for the
consummation of the transactions contemplated by this Agreement and the Registration Rights Agreement in connection with the issuance and sale of the Offered Securities by the Company except (i) for the order of the Commission declaring
effective the Exchange Offer Registration Statement or, if required, the Shelf Registration Statement (each as defined in the Registration Rights Agreement), (ii) as may be required under applicable state securities laws in connection with the
purchase and resale of the Offered Securities by the Purchasers and (iii) those that, if not obtained or made, would not, individually or in the aggregate, have a Material Adverse Effect. 
 (g) The execution, delivery and performance of the Indenture, this Agreement, and the Registration Rights Agreement, and the issuance and
sale of the Offered Securities and compliance with the terms and provisions thereof will not (i) result in a violation of any statute, rule, regulation or order of any governmental agency or body or any court, domestic or foreign, having
jurisdiction over the Company or any of its properties, (ii) result in a breach or violation of any of the terms or provisions of, or constitute a default under, any agreement or instrument to which the Company is a party or by which the
Company is bound or to which any of the properties of the Company is subject, or (iii) result in any violation of the provisions of the certificate of limited partnership or agreement of limited partnership of the Company, except, in the case
of clauses (i) and (ii) above, for any such conflict, breach or violation that would not, individually or in the aggregate, have a Material Adverse Effect, and the Company has full power and authority to authorize, issue and sell the
Offered Securities as contemplated by this Agreement. 
 (h) This Agreement has been duly authorized, executed and delivered
by the Company. 
 (i) Except as disclosed in the General Disclosure Package, the Company has good and indefeasible title to
all real properties and all other properties and assets owned by it that are material to the business of the Company, in each case free from liens, encumbrances and defects of title except those that (i) do not materially interfere with the use
made and proposed to be made of such property by the Company or (ii) could not reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect; and except as disclosed in the General Disclosure Package, the Company
holds any leased real or personal property under valid and enforceable leases with no exceptions other than those that (i) do not materially interfere with the use made and proposed to be made of such property by the Company or (ii) could
not reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect. 
  

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 (j) Except as disclosed in the General Disclosure Package and except for those that the
Company expects to be obtained in the ordinary course of its business during construction of its LNG receiving terminal, the Company possesses all certificates, authorities or permits issued by appropriate governmental agencies or bodies necessary
to conduct the business in its current stage of development, except where the failure to possess or make the same would not, individually or in the aggregate, have a Material Adverse Effect, and the Company has not received any notice of proceedings
relating to the revocation or modification of any such certificate, authority or permit that, if determined adversely to the Company, would individually or in the aggregate, have a Material Adverse Effect. 
 (k) No material labor dispute with the employees of the Company exists or, to the knowledge of the Company, is imminent that could
reasonably be expected to have a Material Adverse Effect. 
 (l) The Company owns, possesses or can acquire on reasonable
terms, adequate rights to use all material trademarks, trade names and other rights to inventions, know-how, patents, copyrights, confidential information and other intellectual property (collectively, “intellectual property
rights”) necessary to conduct the business now operated by it, and has not received any notice of infringement of or conflict with asserted rights of others with respect to any intellectual property rights that, if determined adversely to
the Company, would, individually or in the aggregate, have a Material Adverse Effect. 
 (m) Except as disclosed in the
General Disclosure Package, (i) the Company is not in violation of any statute, any rule, regulation, decision or order of any governmental agency or body or any court, domestic or foreign, relating to the protection of the environment or human
exposure to hazardous or toxic substances (collectively, “environmental laws”), (ii) it does not own or operate any real property contaminated with any substance that is subject to any environmental laws, and (iii) it has
not received notice of any actual or potential liability for the investigation or remediation of any disposal or release of hazardous or toxic substances or wastes, pollutants or contaminants, except in the case of each of clauses (i), (ii) and
(iii), which violation, contamination, liability or claim would, individually or in the aggregate, not have a Material Adverse Effect; and the Company is not aware of any pending investigation which might lead to such a claim. 
 (n) Except as disclosed in the General Disclosure Package, there are no pending actions, suits or proceedings against or affecting the
Company or any of its properties that, if determined adversely to the Company, could reasonably be expected to have a Material Adverse Effect, or which are otherwise material in the context of the sale of the Offered Securities; and, to the
Company’s knowledge, no such actions, suits or proceedings are threatened or contemplated. 
 (o) The financial
statements and the related notes thereto included in the General Disclosure Package present fairly the financial position of the Company as of the dates shown and its results of operations and cash flows for the periods shown, and, except as
otherwise disclosed in the General Disclosure Package, such financial statements have been prepared in conformity with the generally accepted accounting principles in the United States applied on a consistent basis. 
 (p) Since the date of the most recent financial statements of the Company included in the General Disclosure Package, (i) there has
not been any change in the partnership interest or units of the Company, or any distribution of any kind declared, set aside for payment, paid or made by the Company on any partnership interest or units, or any material adverse change, or any
development involving a prospective material adverse change, in or affecting the business, properties, management, financial position, partners’ capital, results of operations or prospects of the Company; (ii) the Company has not entered
into any transaction or agreement that is material to the Company or incurred any liability or obligation, direct or contingent, that is material to the Company; and (iii) the Company has not sustained any loss or interference with its business
from fire, explosion, flood 
  

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 or other calamity, whether or not covered by insurance, or from any labor disturbance or dispute or any
action, order or decree of any court or arbitrator or governmental or regulatory authority that is material to the Company, except in the case of each of clauses (i), (ii) and (iii) as otherwise disclosed in the General Disclosure Package.

 (q) The Company is not an open-end investment company, unit investment trust or face-amount certificate company that is or
is required to be registered under Section 8 of the United States Investment Company Act of 1940 (the “Investment Company Act”) ; and the Company is not and, after giving effect to the offering and sale of the Offered
Securities and the application of the proceeds thereof as described in the General Disclosure Package, will not be an “investment company” as defined in the Investment Company Act. 
 (r) No securities of the same class (within the meaning of Rule 144A(d)(3) under the Securities Act) as the Offered Securities are
listed on any national securities exchange registered under Section 6 of the United States Securities Exchange Act of 1934 (“Exchange Act”) or quoted in a U.S. automated inter-dealer quotation system. 
 (s) The offer and sale of the Offered Securities in the manner contemplated by this Agreement will be exempt from the registration
requirements of the Securities Act by reason of Section 4(2) thereof, Regulation D thereunder and Regulation S thereunder (“Regulation S”); and assuming the accuracy of the representations and warranties of the Purchasers
contained in Section 4 and their compliance with their agreements set forth therein, it is not necessary, in connection with the issuance and sale of the Offered Securities to the Purchasers and the offer, resale and delivery of the Offered
Securities by the Purchasers in the manner contemplated by this Agreement and the Final Offering Circular to qualify an indenture in respect of the Offered Securities under the United States Trust Indenture Act of 1939, as amended (the
“Trust Indenture Act”). 
 (t) Neither the Company nor any of its affiliates (as defined in Rule 501(b) of
Regulation D) has, directly or through any agent, sold, offered for sale, solicited offers to buy or otherwise negotiated in respect of, any security (as defined in the Securities Act), that is or will be integrated with the sale of the Offered
Securities in a manner that would require registration of the Offered Securities under the Securities Act. Neither the Company, nor any of its affiliates (as defined in Rule 501(b) of Regulation D under the Securities Act), nor any person
acting on its or their behalf (other than the Purchasers, as to which no representation is made) (i) has, within the six-month period prior to the date hereof, solicited offers for, or offered or sold, in the United States or to any U.S. person
(as such terms are defined in Regulation S under the Securities Act) the Offered Securities or any security of the same class or series as the Offered Securities or (ii) has offered, or will offer or sell, the Offered Securities
(A) in the United States by means of any form of general solicitation or general advertising within the meaning of Rule 502(c) of Regulation D under the Securities Act or in any manner involving a public offering within the meaning of
Section 4(2) of the Securities Act or (B) with respect to any such securities sold in reliance on Rule 903 of Regulation S, by means of any directed selling efforts within the meaning of Rule 902(c) of Regulation S, and all such
persons have complied with the offering restrictions requirement of Regulation S. The Company, its affiliates and any person acting on its or their behalf (other than the Purchasers, as to which no representation is made) have complied and will
comply with the offering restrictions requirement of Regulation S. The Company has not entered and will not enter into any contractual arrangement with respect to the distribution of the Offered Securities except for this Agreement. 
 (u) On the Closing Date, the Company has no subsidiaries, direct or indirect. 
 (v) On the Closing Date, the Indenture will conform in all material respects to the requirements of the Trust Indenture Act, and the rules
and regulations of the Commission applicable to an indenture which is qualified thereunder. 
  

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 (w) On the Closing Date, the Exchange Securities (as defined in the Registration Rights
Agreement) will have been duly authorized by the Company; and when the Exchange Securities are issued, executed, authenticated and delivered in accordance with the terms of the Exchange Offer (as defined in the Registration Rights Agreement) and the
Indenture, the Exchange Securities will be entitled to the benefits of the Indenture and will be the valid and legally binding obligations of the Company, enforceable against the Company in accordance with their terms, subject to bankruptcy,
insolvency, fraudulent transfer, reorganization, moratorium and similar laws of general applicability relating to or affecting creditors’ rights and to general equity principles. 
 (x) Each principal project document referred to under the heading “Description of Principal Project Documents” in the Final
Offering Circular conforms in all material respects to the descriptions thereof contained in the Final Offering Circular. 
 (y) The Registration Rights Agreement has been duly authorized by the Company and, on the Closing Date, will have been duly executed and delivered by the Company. When the Registration Rights Agreement has been duly executed and delivered
by the other parties thereto, the Registration Rights Agreement will be a valid and binding agreement of the Company, enforceable against the Company in accordance with its terms, subject to bankruptcy, insolvency, fraudulent transfer,
reorganization, moratorium and similar laws of general applicability relating to or affecting creditors’ rights and to general equity principles. 
 (z) Except as disclosed in the Disclosure Package, the Company is not (i) in violation of its certificate of limited partnership, as amended or restated, agreement of limited partnership, as amended or restated,
or similar organizational documents; (ii) in default, and no event has occurred that, with notice or lapse of time or both, would constitute such a default, in the due performance or observance of any term, covenant or condition contained in
any indenture, mortgage, deed of trust, loan agreement or other agreement or instrument to which the Company is a party or by which the Company is bound or to which any of the property or assets of the Company is subject; or (iii) in violation
of any law or statute or any judgment, order, rule or regulation of any court or arbitrator or governmental or regulatory authority, except, in the case of clauses (ii) and (iii) above, for any such default or violation that would not,
individually or in the aggregate, have a Material Adverse Effect. 
 (aa) There are no contracts, agreements or understandings
between the Company and any person granting such person the right to require the Company to file a registration statement under the Securities Act with respect to any securities of the Company or to require the Company to include such securities
with the Offered Securities registered pursuant to any Registration Statement. 
 (bb) Neither the issuance or sale of the
Offered Securities, nor the application of the proceeds thereof by the Company as described in the General Disclosure Package, will violate Regulation T, Regulation U or Regulation X of the Board of Governors of the Federal Reserve System.

 (cc) Assuming the accuracy of the representations and warranties of the Purchasers contained in Section 4 and their
compliance with their agreements set forth therein, the Offered Securities offered and sold in reliance on Regulation S have been and will be offered and sold only in offshore transactions. 
 (dd) The sale of the Offered Securities pursuant to Regulation S is not part of a plan or scheme to evade the registration provisions of
the Securities Act. 
  

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 (ee) No registration under the Securities Act of the Offered Securities is required for
the sale of the Offered Securities to the Purchasers as contemplated hereby, assuming the accuracy of the Purchaser’s representations set forth in Section 4 hereof. 
 (ff) The LNG Terminal Use Agreement, dated November 8, 2004, as amended, between Chevron U.S.A. Inc. and the Company (the
“Chevron TUA”), the LNG Terminal Use Agreement, dated September 2, 2004, as amended and supplemented, between Total LNG USA, Inc. and the Company (the “Total TUA”), the Management Services Agreement, dated February 25,
2005, between the Company and Sabine Pass LNG–GP, Inc. (the “Management Services Agreement”), the Operation and Maintenance Agreement, dated February 25, 2005, between Cheniere LNG O&M Services, L.P. and the Company (the
“O&M Agreement”), the Guaranty Agreement, dated December 15, 2004, between ChevronTexaco Corporation and the Company (the “Chevron Guaranty”), and the Lump Sum Turnkey Engineering, Procurement and Construction Agreement,
dated December 18, 2004, as modified, between the Company and Bechtel Corporation (the “Bechtel Agreement” and, together with the Chevron TUA, the Total TUA, the Management Services Agreement and the O&M Agreement, the
“Material Contracts”) are each in full force and effect and each constitute a valid and binding obligation of the Company and, to the Company’s knowledge, each of the other parties thereto (the “Other Parties”). Except as
disclosed in the Preliminary Offering Circular and the Final Officer Circular, neither the Company, nor any of the Other Parties to any Material Contract (to the Company’s knowledge), are in breach, violation or default thereof, and no event
has occurred which with notice or lapse of time or both would constitute a breach, violation or default by the Company or, to the Company’s knowledge, any Other Party, or permit termination, modification or acceleration by the Other Parties,
under the Material Contracts. As of the Closing Date, the LNG Terminal Use Agreement between Cheniere Marketing, Inc. and the Company will be in full force and effect and will constitute a valid and binding obligation of the Company and, to the
Company’s knowledge, the other party thereto. 
 (gg) The Company is not classified as an association (or publicly traded
partnership) taxable as a corporation for United States federal income tax purposes. 
 (hh) The Company has insurance
covering its properties, operations, personnel and business, which insurance is in amounts and insures against such losses and risks as are reasonably adequate for the conduct by the Company of its business; and the Company has not received written
notice from any insurer or agent of such insurer that capital improvements or other expenditures are required or necessary to be made in order to continue such insurance. 
 (ii) The information provided by the Company to Stone & Webster Management Consultants Inc. (the “Independent
Engineer”) in connection with the Independent Engineer’s report appearing in Appendix A to the Preliminary Offering Circular and the Final Offering Circular (the “Independent Engineer’s Report”) has been provided
in good faith by the Company. 
 (jj) The statements included in the Preliminary Offering Circular and the Final Offering
Circular under the heading “Summary – Illustrative Cash Flow Summary” were made by the Company in good faith and with a reasonable basis and reflect the Company’s good faith best estimate of the matters described therein. All
assumptions material to such statements are set forth in the Preliminary Offering Circular and the Final Offering Circular. 
 (kk) None of the Company, or to the knowledge of the Company, any director, officer, agent or, employee of the Company is aware of or has taken any action, directly or indirectly, that would result in a violation by such persons of the
Foreign Corrupt Practices Act of 1977, as amended, and the rules and regulations thereunder (the “FCPA”), including, without limitation, making use of the mails or any means or instrumentality of interstate commerce 
  

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 corruptly in furtherance of an offer, payment, promise to pay or authorization of the payment of any
money, or other property, gift, promise to give, or authorization of the giving of anything of value to any “foreign official” (as such term is defined in the FCPA) or any foreign political party or official thereof or any candidate for
foreign political office, in contravention of the FCPA; and the Company has conducted its business in compliance with the FCPA. Cheniere Energy, Inc., the Company’s indirect parent, has instituted and maintains policies and procedures designed
to ensure, and which are reasonably expected to continue to ensure, continued compliance with the FCPA, and the Company, as a consolidated entity of Cheniere Energy, Inc., will be subsumed within such policy. 
 (ll) The execution and delivery of each of the Security Documents (as defined in the Indenture) to which the Company is a party, or will
be a party on the Closing Date, will be effective to create in favor of the Collateral Trustee (as defined in the Indenture) for the benefit of the Secured Parties (as defined in the Indenture) as collateral security for the payment and performance
of the obligations secured thereby, a valid and enforceable security interest in the Collateral (as defined in the Indenture) covered or purported to be covered thereby and, upon the recordation of the Mortgage (as defined in the Indenture) and the
filing of the UCC-1 financing statements (the “Financing Statements”), respectively, with the priority purported to be created thereby to the extent that such liens and security interests can be perfected by such recordation or
filing. The Mortgage is or will be in appropriate form for recording as a mortgage of real estate to protect, preserve and perfect the liens and security interests on the fixtures and real property created or to be created by the Mortgage. The
Financing Statements on the Closing Date will be in appropriate form for filing (including the description of the Collateral set forth therein or attached thereto) in each office and in each jurisdiction where required to perfect the lien and
security interest in personal property and fixtures described above. 
 3. Purchase, Sale and Delivery of Offered Securities. On the
basis of the representations, warranties and agreements and subject to the terms and conditions set forth herein, the Company agrees to sell to the several Purchasers, and each of the Purchasers agrees, severally and not jointly, to purchase from
the Company, at a purchase price of 98.65% of the principal amount thereof in the case of the 2013 Notes and 98.65% of the principal amount thereof in the case of the 2016 Notes plus accrued interest from November 9, 2006 to the Closing Date,
the respective principal amounts of Offered Securities set forth opposite the names of the several Purchasers in Schedule A hereto. 
 The Company will deliver against payment of the purchase price the Offered Securities to be offered and sold by the Purchasers in reliance on Regulation S (the “Regulation S Securities”) in the form of one or more
permanent global Offered Securities in registered form without interest coupons (the “Offered Regulation S Global Securities”) which will be deposited with the Trustee as custodian for The Depository Trust Company
(“DTC”) for the respective accounts of the DTC participants for Morgan Guaranty Trust Company of New York, Brussels office, as operator of the Euroclear System (“Euroclear”), and Clearstream Banking,
société anonyme (“Clearstream, Luxembourg”) and registered in the name of Cede & Co., as nominee for DTC. The Company will deliver against payment of the purchase price the Offered Securities to be purchased
by each Purchaser hereunder and to be offered and sold by each Purchaser in reliance on Rule 144A under the Securities Act (the “144A Securities”) in the form of one permanent global security in definitive form without interest
coupons (the “Restricted Global Securities”) deposited with the Trustee as custodian for DTC and registered in the name of Cede & Co., as nominee for DTC. The Offered Regulation S Global Securities and the Restricted Global
Securities shall be assigned separate CUSIP numbers. The Restricted Global Securities shall include the legend regarding restrictions on transfer set forth under “Transfer Restrictions” in the Final Offering Circular. Until the termination
of the distribution compliance period (as defined in Regulation S) with respect to the offering of the Offered Securities, interests in the Offered Regulation S Global Securities may only be held by the DTC participants for Euroclear and
Clearstream, Luxembourg. Interests in any permanent global Offered Securities will be held only in book-entry form through Euroclear, Clearstream, Luxembourg or DTC, as the case may be, except in the limited circumstances described in the Final
Offering Circular. 
  

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 Payment for the Regulation S Securities and the 144A Securities shall be made by the Purchasers in
Federal (same day) funds by wire transfer to an account at a bank acceptable to Credit Suisse at 11:00 a.m., (Eastern time), on November 9, 2006, or at such other time not later than seven full business days thereafter as Credit Suisse and the
Company determine, such time being herein referred to as the “Closing Date”, against delivery to the Trustee as custodian for DTC of (i) the Offered Regulation S Global Securities representing all of the Regulation S
Securities for the respective accounts of the DTC participants for Euroclear and Clearstream, Luxembourg and (ii) the Restricted Global Securities representing all of the 144A Securities. The Offered Regulation S Global Securities and the
Restricted Global Securities will be made available for checking at the office of Latham & Watkins LLP, 885 Third Avenue, New York, New York 10022, at least 24 hours prior to the Closing Date. 
 4. Representations by Purchasers; Resale by Purchasers.  
 (a) Each Purchaser severally represents and warrants to the Company that it is an “accredited investor” within the meaning of
Regulation D under the Securities Act. 
 (b) Each Purchaser acknowledges that the Offered Securities have not been
registered under the Securities Act and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons except in accordance with Regulation S or pursuant to an exemption from the registration requirements
of the Securities Act. Each Purchaser represents and agrees that it has offered and sold the Offered Securities and will offer and sell the Offered Securities (i) as part of their distribution at any time and (ii) otherwise until the later
of the commencement of the offering and the Closing Date, only in accordance with Rule 144A or Rule 903 under the Securities Act. Accordingly, neither such Purchaser nor its affiliates, nor any persons acting on its or their behalf, have engaged or
will engage in any directed selling efforts with respect to the Offered Securities, and such Purchaser, its affiliates and all persons acting on its or their behalf have complied and will comply with the offering restrictions requirement of
Regulation S. The Purchaser agrees that, at or prior to confirmation of sale of the Offered Securities, other than a sale pursuant to Rule 144A, such Purchaser will have sent to each distributor, dealer or person receiving a selling concession, fee
or other remuneration that purchases the Offered Securities from it during the restricted period a confirmation or notice to substantially the following effect: 
 “The Securities covered hereby have not been registered under the U.S. Securities Act of 1933 (the “Securities Act”) and may not be offered or sold within the United States or to, or for the account or
benefit of, U.S. persons (i) as part of their distribution at any time or (ii) otherwise until 40 days after the later of the date of the commencement of the offering and the closing date, except in either case in accordance with
Regulation S (or Rule 144A if available) under the Securities Act. Terms used above have the meanings given to them by Regulation S.” 
 Terms used in this subsection (b) have the meanings given to them by Regulation S. 
 (c) Each Purchaser
severally agrees that it and each of its affiliates has not entered and will not enter into any contractual arrangement with respect to the distribution of the Offered Securities except for any such arrangements with the other Purchasers or
affiliates of the other Purchasers or with the prior written consent of the Company. 
 (d) Each Purchaser severally agrees
that it and each of its affiliates has not solicited offers for, or offered or sold, and will not solicit offers for or sell, the Offered Securities in the United States by means of any form of general solicitation or general advertising within the
meaning of Rule 502(c) of Regulation D under the Securities Act involving a public offering within the meaning of Section 4(2), including, but not limited to (i) any advertisement, article, notice or other communication published in any
newspaper, magazine or similar media or 
  

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 broadcast over television or radio, or (ii) any seminar or meeting whose attendees have been invited
by any general solicitation or general advertising. Each Purchaser severally agrees, with respect to resales made in reliance on Rule 144A of any of the Offered Securities, to deliver either with the confirmation of such resale or otherwise prior to
settlement of such resale a notice to the effect that the resale of such Offered Securities has been made in reliance upon the exemption from the registration requirements of the Securities Act provided by Rule 144A. 
 (e) Each of the Purchasers severally represents and agrees that (i) it has not solicited offers for, or offered or sold, and prior to
the expiry of a period of six months from the closing date, will not offer or sell, any Offered Securities to persons in the United Kingdom except to persons whose ordinary activities involve them in acquiring, holding, managing or disposing of
investments (as principal or agent) for the purposes of their businesses or otherwise in circumstances which have not resulted and will not result in an offer to the public in the United Kingdom within the meaning of the Public Offers of Securities
Regulations 1995; (ii) it has only communicated or caused to be communicated and will only communicate or cause to be communicated any invitation or inducement to engage in investment activity (within the meaning of section 21 of the Financial
Services and Markets Act 2000 (the “FSMA”)) received by it in connection with the issue or sale of any Offered Securities in circumstances in which section 21(1) of the FSMA does not apply to the Company; and (iii) it has
complied and will comply with all applicable provisions of the FSMA with respect to anything done by it in relation to the Offered Securities in, from or otherwise involving the United Kingdom. 
 5. Certain Agreements of the Company. The Company agrees with the several Purchasers that: 
 (a) The Company will advise Credit Suisse promptly of any proposal to amend or supplement the Preliminary Offering Circular or the Final
Offering Circular and will not effect such amendment or supplementation without Credit Suisse’s consent, such consent not to be unreasonably withheld. If, at any time prior to the completion of the resale of the Offered Securities by the
Purchasers, there occurs an event as a result of which the Preliminary Offering Circular or the Final Offering Circular, the General Disclosure Package or any Supplemental Marketing Material included or would include an untrue statement of a
material fact or omitted or would omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances prevailing at such time, not misleading, or if it is necessary at any such time to amend or
supplement the Preliminary Offering Circular or the Final Offering Circular, the General Disclosure Package or any Supplemental Marketing Material to comply with any applicable law, the Company promptly will notify Credit Suisse of such event and
promptly will prepare, at its own expense, an amendment or supplement which will correct such statement or omission. Neither Credit Suisse’s consent to, nor the Purchasers’ delivery to offerees or investors of, any such amendment or
supplement shall constitute a waiver of any of the conditions set forth in Section 6. The first sentence of this subsection does not apply to statements in or omissions from the Preliminary Offering Circular or the Final Offering Circular, the
General Disclosure Package or any Supplemental Marketing Material made in reliance upon and in conformity with written information furnished to the Company by any Purchaser through Credit Suisse specifically for use therein, it being understood and
agreed that the only such information is that described as such in Section 8(b) hereof. 
 (b) The Company will furnish
to Credit Suisse copies of the Preliminary Offering Circular, each other document comprising a part of the General Disclosure Package, the Final Offering Circular, all amendments and supplements to such documents and each item of Supplemental
Marketing Material, in each case as soon as available and in such quantities as Credit Suisse reasonably requests. At any time when the Company is not subject to Section 13 or 15(d) of the Exchange Act, the Company will promptly furnish or
cause to be furnished to Credit Suisse (and, upon request, to each of the other Purchasers) and, upon request of holders and prospective purchasers of the Offered Securities, to such holders and purchasers, copies of the information required to be
delivered to holders and prospective purchasers of the Offered Securities pursuant to 
  

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 Rule 144A(d)(4) under the Securities Act (or any successor provision thereto) in order to permit
compliance with Rule 144A in connection with resales by such holders of the Offered Securities. The Company will pay the expenses of printing and distributing to the Purchasers all such documents. 
 (c) The Company will arrange for the qualification of the Offered Securities for sale and the determination of their eligibility for
investment under the laws of such jurisdictions in the United States and Canada as Credit Suisse designates and will continue such qualifications in effect so long as required for the resale of the Offered Securities by the Purchasers, provided that
the Company will not be required to qualify as a foreign corporation or to file a general consent to service of process in any such state or take any action that would subject it to taxation based on its income or revenues in any jurisdiction where
it is not currently subject to taxation. 
 (d) During the period of two years hereafter, the Company will furnish to Credit
Suisse and, upon request, to each of the other Purchasers, as soon as practicable after the end of each fiscal year, a copy of its annual report to shareholders for such year; and the Company will furnish to Credit Suisse and, upon request, to each
of the other Purchasers as soon as available, a copy of each report or other document mailed to stockholders or furnished to the Commission; provided that such annual reports, reports or other documents shall be deemed to have been provided
if such annual report, report or other document is available through EDGAR or on or through the Company’s website. 
 (e)
During the period of two years after the Closing Date, the Company will, upon request, furnish to Credit Suisse, each of the other Purchasers and any holder of Offered Securities a copy of the restrictions on transfer applicable to the Offered
Securities. 
 (f) During the period of two years after the Closing Date, the Company will not, and will not permit any of its
affiliates (as defined in Rule 144 under the Securities Act) to, resell any of the Offered Securities that have been reacquired by any of them. 
 (g) During the period of two years after the Closing Date, the Company will not be or become, an open-end investment company, unit investment trust or face-amount certificate company that is or is required to be
registered under Section 8 of the Investment Company Act. 
 (h) The Company will pay all expenses incidental to the
performance of its obligations under this Agreement, the Indenture, the Security Documents and the Registration Rights Agreement, including (i) the fees and expenses of the Trustee and its professional advisers; (ii) all expenses in
connection with the execution, issue, authentication, packaging and initial delivery of the Offered Securities and, as applicable, the Exchange Securities, the preparation and printing of this Agreement, the Registration Rights Agreement, the
Offered Securities, the Indenture, the Security Documents, the Preliminary Offering Circular, any other documents comprising any part of the General Disclosure Package, the Final Offering Circular, all amendments and supplements thereto, each item
of Supplemental Marketing Material and any other document relating to the issuance, offer, sale and delivery of the Offered Securities and, as applicable, the Exchange Securities; (iii) all filing costs and expenses relating to the perfection
of security interests in the Collateral, as set forth in the Security Documents; (iv) the fees and expenses of Stone & Webster Management Consultants, Inc. (the “Independent Engineer”); (v) the cost of qualifying
the Offered Securities for trading in The PortalSM Market (“PORTAL”) and any expenses incidental
thereto; (vi) the cost of any advertising approved by the Company in connection with the issue of the Offered Securities; (vii) any expenses (including fees and disbursements of counsel) incurred in connection with qualification of the
Offered Securities or the Exchange Securities for sale under the laws of such jurisdictions in the United States and Canada as Credit Suisse designates and the printing of memoranda relating thereto; (viii) all of the fees and disbursements of
counsel to the Purchasers; (ix) for any fees charged by investment rating agencies for the rating of the Offered Securities or the Exchange Securities; (x)
  

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 the fees and expenses of the Collateral Trustee (as defined in the Indenture) and the Collateral
Trustee’s counsel in connection with the Security Documents; and (xi) for expenses incurred in distributing the Preliminary Offering Circular, any other documents comprising any part of the General Disclosure Package, the Final Offering
Circular (including any amendments and supplements thereto) and any Supplemental Marketing Material to the Purchasers. The Company will also pay or reimburse the Purchasers (to the extent incurred by them) for all travel expenses of the Purchasers
and the Company’s officers and employees and any other expenses of the Purchasers and the Company in connection with attending or hosting meetings with prospective purchasers of the Offered Securities from the Purchasers, including the costs of
the private jet and the Company’s officers’ and employee’s hotel costs, except that the Company shall not be responsible for the Purchasers’ hotel costs and travel costs (except for flights on the private jet, which the Company
shall be responsible for) in connection with the roadshow. 
 (i) In connection with the offering, until Credit Suisse shall
have notified the Company and the other Purchasers of the completion of the resale of the Offered Securities, neither the Company nor any of its affiliates has or will, either alone or with one or more other persons, bid for or purchase for any
account in which it or any of its affiliates has a beneficial interest any Offered Securities or attempt to induce any person to purchase any Offered Securities; and neither it nor any of its affiliates will make bids or purchases for the purpose of
creating actual, or apparent, active trading in, or of raising the price of, the Offered Securities. 
 (j) For a period of
90 days after the date of the Final Offering Circular, the Company will not offer, sell, contract to sell, pledge or otherwise dispose of, directly or indirectly, or file with the Commission a registration statement under the Securities Act
(other than in respect of the Exchange Securities) relating to, any United States dollar-denominated debt securities issued or guaranteed by the Company and having a maturity of more than one year from the date of issue, or publicly disclose the
intention to make any such offer, sale, pledge, disposition or filing (other than in respect of the Exchange Securities), without the prior written consent of Credit Suisse. The Company will not at any time offer, sell, contract to sell, pledge or
otherwise dispose of, directly or indirectly, any securities under circumstances where such offer, sale, pledge, contract or disposition would cause the exemption afforded by Section 4(2) of the Securities Act or the safe harbor of Regulation S
thereunder to cease to be applicable to the offer and sale of the Offered Securities. 
 6. Free Writing Communications. (a) The
Company represents and agrees that, unless it obtains the prior consent of Credit Suisse, and each Purchaser represents and agrees that, unless it obtains the prior consent of the Company and Credit Suisse, it has not made and will not make any
offer relating to the Offered Securities that would constitute an Issuer Free Writing Communication. 
 (b) The Company
consents to the use by any Purchaser of a Free Writing Communication that (i) contains only (A) information describing the preliminary terms of the Offered Securities or their offering or (B) information that describes the final terms
of the Offered Securities or their offering and that is included in the Terms Communication or is included in or is subsequently included in the Final Offering Circular or (ii) does not contain any information about the Company or its
securities that was provided by or on behalf of the Company, it being understood and agreed that any such Free Writing Communication referred to in clause (i) or (ii) shall not be an Issuer Free Writing Communication for purposes of this
Agreement. 
 7. Conditions of the Obligations of the Purchasers. The obligations of the several Purchasers to purchase and pay for
the Offered Securities will be subject to the accuracy of the representations and warranties on the part of the Company herein, to the accuracy of the statements of officers of the Company made pursuant to the provisions hereof, to the performance
by the Company of its obligations hereunder and to the following additional conditions precedent: 
  

 12 

 (a) The Purchasers shall have received a letter, dated the date of this Agreement, of UHY
LLP in form and substance reasonably satisfactory to the Purchasers concerning the financial information with respect to the Company set forth in the General Disclosure Package and the Additional Issuer Information. 
 (b) Subsequent to the execution and delivery of this Agreement, there shall not have occurred (i) any change, or any development or
event involving a prospective change, in the condition (financial or other), business, properties or results of operations of the Company which, in the judgment of a majority in interest of the Purchasers (including Credit Suisse), is material and
adverse and makes it impractical or inadvisable to proceed with completion of the offering or the sale of and payment for the Offered Securities; (ii) any downgrading in the rating of any debt securities of the Company by any “nationally
recognized statistical rating organization” (as defined for purposes of Rule 436(g) under the Securities Act), or any public announcement that any such organization has under surveillance or review its rating of any debt securities of the
Company (other than an announcement with positive implications of a possible upgrading, and no implication of a possible downgrading, of such rating) or any announcement that the Company has been placed on negative outlook; (iii) any change in
U.S. or international financial, political or economic conditions or currency exchange rates or exchange controls as would, in the judgment of a majority in interest of the Purchasers (including Credit Suisse), be likely to prejudice materially the
success of the proposed issue, sale or distribution of the Offered Securities, whether in the primary market or in respect of dealings in the secondary market; (iv) any material suspension or material limitation of trading in securities
generally on the New York Stock Exchange, or any setting of minimum prices for trading on such exchange; (v) any suspension of trading of any securities of the Company on any exchange or in the over-the-counter market; (vi) any banking
moratorium declared by U.S. Federal or New York authorities; (vii) any major disruption of settlements of securities or clearance services in the United States; or (viii) any attack on, outbreak or escalation of hostilities or act of
terrorism involving the United States, any declaration of war by Congress or any other national or international calamity or emergency if, in the judgment of a majority in interest of the Purchasers (including Credit Suisse), the effect of any such
attack, outbreak, escalation, act, declaration, calamity or emergency makes it impractical or inadvisable to proceed with completion of the offering or sale of and payment for the Offered Securities. 
 (c) The Purchasers shall have received an opinion, dated the Closing Date, of Andrews Kurth LLP, counsel for the Company, in form and
substance satisfactory to counsel for the Purchasers, to the effect set forth in Exhibit A-1 hereto and to such further effect as counsel to the Purchasers may reasonably request. 
 (d) The Purchasers shall have received an opinion, dated the Closing Date, of Ottinger Hebert, L.L.C., special Louisiana counsel for the
Company, in form and substance satisfactory to counsel for the Purchasers, to the effect set forth in Exhibit A-2 hereto. 
 (e) The Purchasers shall have received an opinion, dated the Closing Date, of the Company’s general counsel that, to his knowledge, except as described in the Preliminary Offering Circular and the Final Offering Circular, there are no
legal, governmental or regulatory investigations, actions, suits or proceedings pending to which the Company is a party or to which any property of the Company is the subject which, individually or in the aggregate, if determined adversely to the
Company, would reasonably be expected to have a Material Adverse Effect; and to his knowledge, no such investigations, actions, suits or proceedings are threatened or contemplated by any governmental or regulatory authority or threatened by others.

 (f) The Purchasers shall have received from Latham & Watkins LLP, counsel for the Purchasers, such opinion or
opinions, dated the Closing Date, with respect to the organization of the Company, the validity of the Offered Securities, the Final Offering Circular and the General Disclosure Package, the exemption from registration for the offer and sale of the
Offered Securities 
  

 13 

 by the Company to the several Purchasers and the resales by the several Purchasers as contemplated hereby
and other related matters as Credit Suisse may require, and the Company shall have furnished to such counsel such documents as they reasonably request for the purpose of enabling them to pass upon such matters. In rendering such opinion,
Latham & Watkins LLP may rely as to the organization of the Company and all other matters governed by Delaware law upon the opinion of Andrew Kurth LLP referred to above. 
 (g) The Purchasers shall have received a certificate, dated the Closing Date, of the President or any Vice President and a principal
financial or accounting officer of the Company in which such officers, to the best of their knowledge after reasonable investigation, shall state that the representations and warranties of the Company in this Agreement are true and correct, that the
Company has complied with all agreements and satisfied all conditions on its part to be performed or satisfied hereunder at or prior to the Closing Date, and that, subsequent to the dates of the most recent financial statements in the General
Disclosure Package, there has been no material adverse change, nor any development or event involving a prospective material adverse change, in the condition (financial or other), business, properties or results of operations of the Company except
as set forth in the General Disclosure Package or as described in such certificate. 
 (h) The Purchasers shall have received
a letter, dated the Closing Date, of UHY LLP which meets the requirements of subsection (a) of this Section, except that the specified date referred to in such subsection will be a date not more than three days prior to the Closing Date for the
purposes of this subsection. 
 (i) The Independent Engineer shall have delivered to the Purchasers a letter on the Closing
Date, substantially in the form attached hereto as Exhibit B, confirming the accuracy and completeness in all material respects, as of such date, of its conclusions and findings contained under the heading “Summary – Summary of
Independent Engineer’s Report” in the Offering Circular. 
 (j) The Company shall (x) present to the Purchasers
on or before the Closing Date a pay-off letter confirming that upon receipt of funds sufficient to repay indebtedness incurred in connection with that certain First Amended and Restated Credit Agreement, dated July 21, 2006, among the Company,
Société Générale, HSBC Bank USA, National Association and the lenders named therein (the “Existing Credit Agreement”), said lenders shall release the security interest held by them on the Company’s
property to secure the indebtedness under the Existing Credit Agreement and assign said security interest to the Collateral Trustee as collateral security for the Offered Securities, and (y) make available on or before the Closing Date
documentation (the “Lien Release Documentation”), in form and substance reasonably satisfactory to the Company and the Purchasers, authorizing, or effecting the removal and assignment of all liens, encumbrances and security
interests held by the lenders under the Existing Credit Agreement on the Company’s property to secure the indebtedness under the Existing Credit Agreement, which Lien Release Documentation and pay-off letter shall be delivered to the Company
immediately following receipt by the administrative agent under the Existing Credit Agreement of funds sufficient for the repayment of the indebtedness under the Existing Credit Agreement. 
 (k) Cheniere LNG Holdings, LLC shall have given irrevocable notice of the prepayment of the entire outstanding principal amount of its
Credit Agreement, dated as of August 31, 2005, among Cheniere LNG Holdings, LLC, the lenders party thereto and Credit Suisse, Cayman Islands Branch, as collateral agent and administrative agent. Cheniere LNG Holdings, LLC shall have other funds
available that, together with the proceeds received from the Company, are sufficient to enable it to repay such indebtedness and all associated fees, costs and expenses. 
  

 14 

 (l) On or prior to the Closing Date, the Mortgage shall have been delivered to
Commonwealth Land Title Insurance Company (the “Title Company”) for due recordation as a mortgage of real estate, and any required filings with respect to personal property and fixtures subject to the liens of the Mortgage shall
have been delivered to the Title Company for filing, in each place in which such recording or filing is required to protect, preserve and perfect the liens of the Mortgage as a valid and enforceable lien on the real property and as a valid and
enforceable security interest in the personal property and fixtures covered or purported to be covered by the Mortgage, with the priority purported to be created thereby, in each case subject only to Permitted Liens (as defined in the Indenture),
and except for such recordation or filing, no further action shall be required to create, preserve or perfect such liens and security interests on the Closing Date. On or prior to the Closing Date, the Financing Statements shall have been delivered
for filing, recordation and/or registration in each office and in each jurisdiction where required to create and perfect a valid and enforceable security interest in the Collateral covered or purported to be covered by the Security Documents, with
the priority purported to be created thereby. All taxes, if any, and recording and filing fees required to be paid with respect to the execution, recording or filing of the Mortgage and the Financing Statements shall have been paid or provided for
on or prior to the Closing Date. All Collateral shall be subject to no Liens (as defined in the Indenture) other than Permitted Liens (as defined in the Indenture). 
 (m) On or prior to the Closing Date, each of the DSR Account, Construction Account, Debt Payment Account and Revenue Account (each as
defined in the Indenture) shall have been established with the Collateral Agent (as defined in the Indenture). 
 The Company will furnish
the Purchasers with such conformed copies of such opinions, certificates, letters and documents as the Purchasers reasonably request. Credit Suisse may in its sole discretion waive on behalf of the Purchasers compliance with any conditions to the
obligations of the Purchasers hereunder, whether in respect of an Optional Closing Date or otherwise. 
 8. Indemnification and
Contribution. 
 (a) The Company will indemnify and hold harmless each Purchaser, its officers, partners, members,
directors and its affiliates and each person, if any, who controls such Purchaser within the meaning of Section 15 of the Securities Act, against any losses, claims, damages or liabilities, joint or several, to which such Purchaser may become
subject, under the Securities Act or the Exchange Act or otherwise, insofar as such losses, claims, damages or liabilities (or actions in respect thereof) arise out of or are based upon any untrue statement or alleged untrue statement of any
material fact contained in the Preliminary Offering Circular or the Final Offering Circular, in each case as amended or supplemented, or any Supplemental Marketing Material or any Issuer Free Writing Communication, or arise out of or are based upon
the omission or alleged omission to state therein a material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading and will reimburse each Purchaser for any legal or
other expenses reasonably incurred by such Purchaser in connection with investigating or defending any such loss, claim, damage, liability or action as such expenses are incurred; provided, however, that the Company will not be liable in any such
case to the extent that any such loss, claim, damage or liability arises out of or is based upon an untrue statement or alleged untrue statement in or omission or alleged omission from any of such documents in reliance upon and in conformity with
written information furnished to the Company by any Purchaser through Credit Suisse specifically for use therein, it being understood and agreed that the only such information consists of the information described as such in subsection (b)
below. 
 (b) Each Purchaser will severally and not jointly indemnify and hold harmless the Company, its directors and
officers and each person, if any, who controls the Company within the meaning of Section 15 of the Securities Act, against any losses, claims, damages or liabilities to which the Company may become subject, under the Securities Act or the
Exchange Act or otherwise, 
  

 15 

 insofar as such losses, claims, damages or liabilities (or actions in respect thereof) arise out of or
are based upon any untrue statement or alleged untrue statement of any material fact contained in the Preliminary Offering Circular or the Final Offering Circular, in each case as amended or supplemented, or any Supplemental Marketing Material or
any Issuer Free Writing Communication or arise out of or are based upon the omission or the alleged omission to state therein a material fact necessary in order to make the statements therein, in the light of the circumstances under which they were
made, not misleading, in each case to the extent, but only to the extent, that such untrue statement or alleged untrue statement or omission or alleged omission was made in reliance upon and in conformity with written information furnished to the
Company by such Purchaser through Credit Suisse specifically for use therein, and will reimburse any legal or other expenses reasonably incurred by the Company in connection with investigating or defending any such loss, claim, damage, liability or
action as such expenses are incurred, it being understood and agreed that the only such information furnished by any Purchaser consists of the following information in the Preliminary Offering Circular and the Final Offering Circular furnished on
behalf of each Purchaser: the fourth sentence in the paragraph under “Risk Factors – Risks Relating to this Offering and the Notes – Your ability to resell the notes may be limited by a number of factors; prices for the notes may be
volatile”, the first sentence in the third paragraph under the caption “Plan of Distribution”, the eleventh paragraph except for the first sentence thereof under the caption “Plan of Distribution” and the twelfth paragraph
under the caption “Plan of Distribution”; provided, however, that the Purchasers shall not be liable for any losses, claims, damages or liabilities arising out of or based upon the Company’s failure to perform its obligations
under Section 5(a) of this Agreement. 
 (c) Promptly after receipt by an indemnified party under this Section of notice
of the commencement of any action, such indemnified party will, if a claim in respect thereof is to be made against the indemnifying party under subsection (a) or (b) above, notify the indemnifying party of the commencement thereof; but
the failure to notify the indemnifying party shall not relieve it from any liability that it may have under subsection (a) or (b) above except to the extent that it has been materially prejudiced (through the forfeiture of substantive
rights or defenses) by such failure; and provided further that the failure to notify the indemnifying party shall not relieve it from any liability that it may have to an indemnified party otherwise than under subsection (a) or (b) above.
In case any such action is brought against any indemnified party and it notifies the indemnifying party of the commencement thereof, the indemnifying party will be entitled to participate therein and, to the extent that it may wish, jointly with any
other indemnifying party similarly notified, to assume the defense thereof, with counsel reasonably satisfactory to such indemnified party (who shall not, except with the consent of the indemnified party, be counsel to the indemnifying party), and
after notice from the indemnifying party to such indemnified party of its election so to assume the defense thereof, the indemnifying party will not be liable to such indemnified party under this Section for any legal or other expenses subsequently
incurred by such indemnified party in connection with the defense thereof other than reasonable costs of investigation. It is understood and agreed that the indemnifying party shall not, in connection with any proceeding or related proceeding in the
same jurisdiction, be liable for the fees and expenses of more than one separate firm (in addition to any reasonably necessary local counsel) for the Company or each Purchaser, as applicable, and that all such reasonable fees and expenses shall be
paid or reimbursed as they are incurred. Any such separate firm for a Purchaser shall be designated in writing by such Purchaser, and any such separate firm for the Company shall be designated in writing by the Company. The indemnifying party shall
not be liable for any settlement effected without its written consent unless (i) such settlement is entered into in good faith by the indemnified party more than 45 days after receipt by such indemnifying party of written notice of the proposed
settlement, (ii) such indemnifying party shall have received notice of the terms of such settlement at least 30 days prior to such settlement being entered into and (iii) such indemnifying party shall not have reimbursed such indemnified
party in accordance with such request prior to the date of such settlement. No indemnifying party shall, without the prior written consent of the indemnified party, which consent shall not be unreasonably withheld or delayed, effect any settlement
of any pending or threatened action in respect of which any indemnified party is or could have been a party and indemnity could 
  

 16 

 have been sought hereunder by such indemnified party unless such settlement includes (i) an
unconditional release of such indemnified party from all liability on any claims that are the subject matter of such action and (ii) does not include a statement as to or an admission of fault, culpability or failure to act by or on behalf of
any indemnified party. 
 (d) If the indemnification provided for in this Section is unavailable or insufficient to hold
harmless an indemnified party under subsection (a) or (b) above, then each indemnifying party shall contribute to the amount paid or payable by such indemnified party as a result of the losses, claims, damages or liabilities referred to in
subsection (a) or (b) above (i) in such proportion as is appropriate to reflect the relative benefits received by the Company on the one hand and the Purchasers on the other from the offering of the Offered Securities or (ii) if
the allocation provided by clause (i) above is not permitted by applicable law, in such proportion as is appropriate to reflect not only the relative benefits referred to in clause (i) above but also the relative fault of the Company on
the one hand and the Purchasers on the other in connection with the statements or omissions which resulted in such losses, claims, damages or liabilities as well as any other relevant equitable considerations. The relative benefits received by the
Company on the one hand and the Purchasers on the other shall be deemed to be in the same proportion as the total net proceeds from the offering (before deducting expenses) received by the Company from the sale of the Offered Securities, on the one
hand, bear to the total discounts and commissions received by the Purchasers from the Company in connection therewith as provided under this Agreement, on the other hand. The relative fault shall be determined by reference to, among other things,
whether the untrue or alleged untrue statement of a material fact or the omission or alleged omission to state a material fact relates to information supplied by the Company or the Purchasers and the parties’ relative intent, knowledge, access
to information and opportunity to correct or prevent such untrue statement or omission. The amount paid by an indemnified party as a result of the losses, claims, damages or liabilities referred to in the first sentence of this subsection
(d) shall be deemed to include any legal or other expenses reasonably incurred by such indemnified party in connection with investigating or defending any action or claim which is the subject of this subsection (d). Notwithstanding the
provisions of this subsection (d), no Purchaser shall be required to contribute any amount in excess of the amount by which the total discounts, fees and commissions received by such Purchaser exceeds the amount of any damages which such Purchaser
has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission. 
 (e) The obligations of the Company under this Section shall be in addition to any liability which the Company may otherwise have and shall extend, upon the same terms and conditions, to each person, if any, who controls any Purchaser within
the meaning of the Securities Act or the Exchange Act; and the obligations of the Purchasers under this Section shall be in addition to any liability which the respective Purchasers may otherwise have and shall extend, upon the same terms and
conditions, to each person, if any, who controls the Company within the meaning of the Securities Act or the Exchange Act. 
 9. Default
of Purchasers. If any Purchaser or Purchasers default in their obligations to purchase Offered Securities hereunder and the aggregate principal amount of Offered Securities that such defaulting Purchaser or Purchasers agreed but failed to
purchase does not exceed 10% of the total principal amount of Offered Securities, Credit Suisse may make arrangements satisfactory to the Company for the purchase of such Offered Securities by other persons, including any of the Purchasers, but if
no such arrangements are made by the Closing Date, the non-defaulting Purchasers shall be obligated severally, in proportion to their respective commitments hereunder, to purchase the Offered Securities that such defaulting Purchasers agreed but
failed to purchase. If any Purchaser or Purchasers so default and the aggregate principal amount of Offered Securities with respect to which such default or defaults occur exceeds 10% of the total principal amount of Offered Securities and
arrangements satisfactory to Credit Suisse and the Company for the purchase of such Offered Securities by other persons are not made within 36 hours after such default, this Agreement will terminate without liability on the part of any
non-defaulting Purchaser or the Company, except as provided in Section 10. As used in this Agreement, the term “Purchaser” includes any person substituted for a Purchaser under this Section. Nothing herein will relieve a defaulting
Purchaser from liability for its default. 
  

 17 

 10. Survival of Certain Representations and Obligations. The respective indemnities, agreements,
representations, warranties and other statements of the Company or its officers and of the several Purchasers set forth in or made pursuant to this Agreement will remain in full force and effect, regardless of any investigation, or statement as to
the results thereof, made by or on behalf of any Purchaser, the Company or any of their respective representatives, officers or directors or any controlling person, and will survive delivery of and payment for the Offered Securities. If this
Agreement is terminated pursuant to Section 9 or if for any reason the purchase of the Offered Securities by the Purchasers is not consummated, the Company shall remain responsible for the expenses to be paid or reimbursed by it pursuant to
Section 5 and the respective obligations of the Company and the Purchasers pursuant to Section 8 shall remain in effect. If the purchase of the Offered Securities by the Purchasers is not consummated for any reason other than solely
because of the termination of this Agreement pursuant to Section 9 or the occurrence of any event specified in clause (iii), (iv), (vi), (vii) or (viii) of Section 7(b), the Company will reimburse the Purchasers for all
out-of-pocket expenses (including fees and disbursements of counsel) reasonably incurred by them in connection with the offering of the Offered Securities. 
 11. Notices. All communications hereunder will be in writing and, if sent to the Purchasers will be mailed, delivered or telegraphed and confirmed to the Purchasers, c/o Credit Suisse Securities (USA) LLC,
Eleven Madison Avenue, New York, N.Y. 10010-3629, Attention: LCD-IBD, with a copy to Latham & Watkins LLP, 885 Third Avenue, New York, NY 10022, Attention: Jonathan R. Rod, Esq., or, if sent to the Company, will be mailed, delivered or
telegraphed and confirmed to it at Sabine Pass LNG, L.P., c/o Cheniere Energy, Inc., 717 Texas Avenue, Suite 3100, Houston, TX 77002, Attention: Don A. Turkleson, with a copy to Andrews Kurth LLP, 600 Travis, Suite 4200, Houston, TX 77002,
Attention: Geoffrey K. Walker; provided, however, that any notice to a Purchaser pursuant to Section 8 will be mailed, delivered or telegraphed and confirmed to such Purchaser. 
 12. Successors. This Agreement will inure to the benefit of and be binding upon the parties hereto and their respective successors and the
controlling persons referred to in Section 8, and no other person will have any right or obligation hereunder, except that holders of Offered Securities shall be entitled to enforce the agreements for their benefit contained in the second and
third sentences of Section 5(b) hereof against the Company as if such holders were parties thereto. 
 13. Representation of
Purchasers. You will act for the several Purchasers in connection with this purchase, and any action under this Agreement taken by you jointly or by Credit Suisse will be binding upon all of the Purchasers. 
 14. Counterparts. This Agreement may be executed in any number of counterparts, each of which shall be deemed to be an original, but all such
counterparts shall together constitute one and the same Agreement. 
 15. Absence of Fiduciary Relationship. The Company acknowledges
and agrees that: 
 (a) the Purchasers have been retained solely to act as initial purchasers in connection with the initial purchase,
offering and resale of the Offered Securities and that no fiduciary, advisory or agency relationship between the Company and the Purchasers has been created in respect of any of the transactions contemplated by this Agreement, irrespective of
whether the Purchasers have advised or is advising the Company on other matters; 
 (b) the purchase price of the Offered Securities set
forth in this Agreement was established by the Company following discussions and arm’s-length negotiations with the Purchasers, and the Company is capable of evaluating and understanding and understands and accepts the terms, risks and
conditions of the transactions contemplated by this Agreement; 
  

 18 

 (c) the Company has been advised that the Purchasers and their affiliates are engaged in a broad range of
transactions which may involve interests that differ from those of the Company and that the Purchasers have no obligation to disclose such interests and transactions to the Company by virtue of any fiduciary, advisory or agency relationship; and

 (d) the Company waives, to the fullest extent permitted by law, any claims it may have against the Purchasers for breach of fiduciary duty
or alleged breach of fiduciary duty in connection with the transactions contemplated by this Agreement and agrees that the Purchasers shall have no liability (whether direct or indirect) to the Company in respect of such a fiduciary duty claim or to
any person asserting a fiduciary duty claim on behalf of or in right of the Company, including stockholders, employees or creditors of the Company. 
 16. Applicable Law. This Agreement shall be governed by, and construed in accordance with, the laws of the State of New York without regard to principles of conflicts of laws. 
 The Company hereby submits to the non-exclusive jurisdiction of the Federal and state courts in the Borough of Manhattan in The City of New York in any
suit or proceeding arising out of or relating to this Agreement or the transactions contemplated hereby. 
 [Remainder of page intentionally
left blank] 
  

 19 

 If the foregoing is in accordance with the Purchasers’ understanding of our agreement, kindly sign
and return to us one of the counterparts hereof, whereupon it will become a binding agreement between the Company and the several Purchasers in accordance with its terms. 
  

			
	Very truly yours,
	
	SABINE PASS LNG, L.P.
		
	By:	 	Sabine Pass LNG-GP, Inc.,
		 	its general partner
		
	By:	 	 /s/ Don A. Turkleson

	Name:	 	Don A. Turkleson
	Title:	 	Chief Financial Officer

 The foregoing Purchase Agreement 
     is hereby confirmed and accepted 
     as of the date first above written.

  

			
	CREDIT SUISSE SECURITIES (USA) LLC
		
	By:	 	 /s/ Steve Greenwald

	Name:	 	Steve Greenwald
	Title:	 	Head of Global Project Finance
		
		 	Acting on behalf of itself
		 	and as the Representative
		 	of the several Purchasers

  

 20 

 SCHEDULE A 
  

							
	 Manager
	  	 Principal Amount of
 2013 Notes
	  	 Principal Amount of
 2016 Notes

	 Credit Suisse Securities (USA) LLC
	  	$	488,890,000	  	$	1,317,330,000
	 Lehman Brothers Inc.
	  	 	61,110,000	  	 	164,670,000
		  	 	 	  	 	 
	 Total
	  	$	550,000,000	  	$	1,482,000,000
		  	 	 	  	 	 

  

 21 

 SCHEDULE B 
 [Issuer Free Writing Communication] 
  

 22 

 

 
 High Yield Capital Markets 
  

									
	Issuer:	  		  	Sabine Pass LNG, L.P.	  	
				
	Security Description:	  		  	Senior Secured Notes	  	
	Face:	  		  	$550,000,000	  		  	
	Gross Proceeds:	  		  	$550,000,000	  		  	
					
	Coupon:	  		  	7.250%	  		  	
	Maturity:	  		  	11/30/2013	  		  	
					
	Offering Price:	  		  	100.000%	  		  	
	Yield to Maturity:	  		  	7.250%	  		  	
	Spread to Treasury:	  		  	272	  		  	
	Benchmark:	  		  	4.25% UST due 11/2013	  	
					
	Ratings:	  		  	Ba3 / BB	  		  	
				
	Interest Payment Dates:	  		  	30 November and 30 May	  	
	Commencing:	  		  	5/30/2007	  	(long first coupon)
				
	Equity Clawback:	  		  	Redeem until	  	11/30/2009 at 107.25%
		  		  	for up to	  	35.0%	  	
					
	Trade Date:	  		  	11/1/2006	  		  	
	Settlement Date:	  		  	11/9/2006	  	(T+6)	  	
					
	Cusip Numbers:	  		  	144 A:	  	785583AA3	  	
		  		  	RegS:	  	U8596QAA0	  	
		  		  	ISIN:	  	USU8596QAA05                	  	
					
	Min. Allocation:	  		  	$100,000	  		  	
	Increments:	  		  	$1,000	  		  	
					
	Gross Spread:	  		  	1.50%	  		  	
				
	Book-Runner:	  		  	Credit Suisse Securities (USA) LLC	  	80.00%
				
	Co-Manager:	  		  	Lehman Brothers Inc.	  	10.00%
	Structuring Advisor:	  		  	Petrie Parkman & Co., Inc.	  	10.00%
			
	Other:	  		  	The net proceeds from the offering of the Notes due 2013 and 2016 are expected to be approximately $1,999,000,000. The net proceeds (together with other funds available at
Cheniere LNG Holdings, LLC, which will reduce the amount of net proceeds distributed by the issuer to Cheniere LNG Holdings, LLC) will be used for the purposes outlined under “Use of Proceeds” in the Preliminary Offering Circular. The last
bullet point under “Use of Proceeds” will be deleted.

 This communication is for informational purposes only and does not constitute an offer to sell, or a solicitation
of an offer to buy any security. No offer to buy securities described herein can be accepted, and no part of the purchase price thereof can be received, unless the person making such offer or purchase has received the relevant prospectus or offering
circular thereto, Investors may rely upon the information contained in the relevant prospectus or offering circular in making their investment decisions. This communication is not intended to be a confirmation as required under Rule 10b-10 of the
Securities Exchange Act of 1934. A formal confirmation will be delivered to you separately. This notice shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of the notes in any state or jurisdiction
in which such offer, solicitation or sale would be unlawful. The notes will be offered and sold to qualified institutional buyers in the United States in reliance on Rule 144A under the Securities Act of 1933, as amended (the “Act”), and
to persons in offshore transactions in reliance on Regulation S under the Act. The notes have not been registered under the Securities Act or any state securities laws, and may not be offered or sold in the United States or to U.S. persons absent
registration or an applicable exemption from the registration requirements. 

 

 
 High Yield Capital Markets 
  

									
	Issuer:	  		 	Sabine Pass LNG, L.P.
			
	Security Description:	  		 	Senior Secured Notes
	Face:	  		 	$1,482,000,000	 		 	
	Gross Proceeds:	  		 	$1,482,000,000	 		 	
					
	Coupon:	  		 	7.500%	 		 	
	Maturity:	  		 	11/30/2016	 		 	
					
	Offering Price:	  		 	100.00%	 		 	
	Yield to Maturity:	  		 	7.500%	 		 	
	Spread to Treasury:	  		 	294	 		 	
	Benchmark:	  		 	4.875% UST due 08/2016
					
	Ratings:	  		 	Ba3 / BB	 		 	
			
	Interest Payment Dates:	  		 	30 November and 30 May
	Commencing:	  		 	5/30/2007	 	(long first coupon)
				
	Equity Clawback:	  		 	Redeem until	 	11/30/2009             at 107.50%
		  		 	for up to	 	35.0%	 	
					
	Trade Date:	  		 	11/1/2006	 		 	
	Settlement Date:	  		 	11/9/2006	 	(T+6)	 	
					
	Cusip Numbers:	  		 	144 A:	 	785583AD7	 	
		  		 	RegS:	 	U8596QAB8	 	
		  		 	ISIN:	 	USU8596QAB87	 	
				
	Min. Allocation:	  		 	$100,000	 	
	Increments:	  		 	$1,000	 	
					
	Gross Spread:	  		 	1.50%	 		 	
				
	Book-Runner:	  		 	Credit Suisse Securities (USA) LLC	 	80.00%
				
	Co-Manager:	  		 	Lehman Brothers Inc.	 	10.00%
	Structuring Advisor:	  		 	Petrie Parkman & Co., Inc.	 	10.00%
			
	Other:	  		 	The net proceeds from the offering of the Notes due 2013 and 2016 are expected to be approximately $1,999,000,000. The net proceeds (together with other funds available at
Cheniere LNG Holdings, LLC, which will reduce the amount of net proceeds distributed by the issuer to Cheniere LNG Holdings, LLC) will be used for the purposes outlined under “Use of Proceeds” in the Preliminary Offering Circular. The last
bullet point under “Use of Proceeds” will be deleted.

 This communication is for informational purposes only and does not constitute an offer to sell, or a solicitation
of an offer to buy any security. No offer to buy securities described herein can be accepted, and no part of the purchase price thereof can be received, unless the person making such offer or purchase has received the relevant prospectus or offering
circular thereto, Investors may rely upon the information contained in the relevant prospectus or offering circular in making their investment decisions. This communication is not intended to be a confirmation as required under Rule 10b-10 of the
Securities Exchange Act of 1934. A formal confirmation will be delivered to you separately. This notice shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of the notes in any state or jurisdiction
in which such offer, solicitation or sale would be unlawful. The notes will be offered and sold to qualified institutional buyers in the United States in reliance on Rule 144A under the Securities Act of 1933, as amended (the “Act”), and
to persons in offshore transactions in reliance on Regulation S under the Act. The notes have not been registered under the Securities Act or any state securities laws, and may not be offered or sold in the United States or to U.S. persons absent
registration or an applicable exemption from the registration requirements. 

 SCHEDULE C 
 Supplemental Marketing Material 
 Electronic Bloomberg road show slides and
accompanying audio recordings. 
  

 23 

 EXHIBIT A-1 
 [Opinion of Andrews Kurth LLP] 
 1. The Issuer is validly existing as a limited partnership and in good
standing under the laws of the State of Delaware. Sabine Pass GP is validly existing as a corporation and in good standing under the laws of the State of Delaware. Sabine Pass LP is validly existing as a limited liability company and in good
standing under the laws of the State of Delaware. 
 2. The Issuer has the limited partnership power and authority under the laws of the
State of Delaware to (i) execute and deliver, and incur and perform all of its obligations under, the Transaction Documents and (ii) carry on its business and own and lease its properties as described in the Offering Circular and the
Disclosure Package. Sabine Pass GP has the corporate power and authority under the laws of the State of Delaware to (i) execute and deliver, and incur and perform all of its obligations under, the Transaction Documents to which it is a party
and (ii) carry on its business and own and lease its properties as described in the Offering Circular and the Disclosure Package. Sabine Pass LP has the limited liability company power and authority under the laws of the State of Delaware to
(i) execute and deliver, and incur and perform all of its obligations under, the Transaction Documents to which it is a party and (ii) carry on its business and own and lease its properties as described in the Offering Circular and the
Disclosure Package. 
 3. Each of the Purchase Agreement, the Registration Rights Agreement, the Initial Securities, the Indenture, the
Collateral Trust Agreement, the Depositary Agreement, the Mortgage, the Consents, the Security Documents, the Cheniere Marketing TUA and the Cheniere Guaranty (collectively, the “Closing Date Documents”) has been duly authorized,
executed and delivered by the Issuer. The Exchange Securities have been duly authorized by the Issuer. 
 4. None of (i) the execution
and delivery of, or the incurrence or performance by the Issuer of its obligations under, each of the Transaction Documents, each in accordance with its terms, (ii) the offering, issuance, sale and delivery of the Initial Securities pursuant to
the Purchase Agreement or (iii) the offering, issuance, exchange and delivery of the Exchange Securities pursuant to the Exchange Offer contemplated by the Registration Rights Agreement in the manner therein contemplated, (A) constituted,
constitutes or will constitute a violation of the Organizational Documents, or (B) resulted, results or will result in any violation of (i) applicable laws of the State of New York, (ii) applicable laws of the State of Texas,
(iii) applicable laws of the United States of America, (iv) the Delaware Revised Uniform Limited Partnership Act (the “DRULPA”), (v) the General Corporation Law of the State of Delaware (the “DGCL”),
(vi) the Delaware Limited Liability Company Act (the “DLLCA”) or (vii) Regulation T, U or X of the Board of Governors of the Federal Reserve System. None of the execution and delivery of, or the incurrence or performance
by the Issuer of its obligations under, each of the Closing Date Documents, each in accordance with its terms, constituted, constitutes or will constitute a breach or violation of, or a default under (or an event which, with notice or lapse of time
or both, would constitute such a default), or resulted, results or will result in the creation of any security interest in, or lien upon, any of the property or assets of the Issuer pursuant to, any Material Project Agreement. 
 5. No Governmental Approval, which has not been obtained or taken and is not in full force and effect, is required to authorize, or is required for the
execution and delivery by the Issuer of the Closing Date Documents or the incurrence or performance of its obligations under the Transaction Documents, or the validity and enforceability of any of such Transaction Documents against the Issuer. As
used in this paragraph, “Governmental Approval” means any consent, approval, license, authorization or validation of, or filing, recording or registration with, any executive, legislative, judicial, administrative or regulatory body
of the State of New York, the State of Texas, the State of Delaware or the United States of America, pursuant to, respectively, (i) applicable laws of the State of New York, (ii) applicable laws of the State of Texas, (iii) the
DRULPA, the DGCL or the DLLCA or (iv) applicable laws of the United States of America. 
  

 24 

 6. The statements under the caption “Description of Notes” in the Preliminary Offering Circular
and the Offering Circular, insofar as such statements purport to summarize certain provisions of documents referred to therein and reviewed by us as described above, fairly summarize such provisions in all material respects, subject to the
qualifications and assumptions stated therein. 
 7. The statements set forth in the Preliminary Offering Circular and the Offering Circular
under the caption “United States Federal Income Tax Considerations,” insofar as they refer to statements of law or legal conclusions, fairly summarize the matters referred to therein in all material respects, subject to the qualifications
and assumptions stated therein. The Issuer is not classified as an association (or publicly traded partnership) taxable as a corporation for United States federal income tax purposes. 
 8. The Indenture constitutes a valid and binding obligation of the Issuer, enforceable against the Issuer in accordance with its terms, under applicable
laws of the State of New York. 
 9. When authenticated by the Trustee in the manner provided in the Indenture and delivered to and paid for
by the Initial Purchasers in accordance with the Purchase Agreement, the Initial Securities will constitute valid and binding obligations of the Issuer, entitled to the benefits of the Indenture and enforceable against the Issuer in accordance with
their terms, under applicable laws of the State of New York. 
 10. When validly executed by the Issuer and authenticated by the Trustee in
the manner provided in the Indenture and delivered in exchange for Initial Securities pursuant to the Exchange Offer contemplated by the Registration Rights Agreement, the Exchange Securities will constitute valid and binding obligations of the
Issuer, entitled to the benefits of the Indenture and enforceable against the Issuer in accordance with their terms, under applicable laws of the State of New York. 
 11. The Registration Rights Agreement constitutes a valid and binding obligation of the Issuer, enforceable against the Issuer in accordance with its terms, under applicable laws of the State of New York. 

12. Each of the Security Documents, the Collateral Trust Agreement, the Consents and the Depositary Agreement constitutes a valid and binding
obligation of the Pledgor party thereto, enforceable against such Pledgor in accordance with its terms, under applicable laws of the State of New York. 
 13. Each of the New York Law Project Agreements constitutes a valid and binding obligation of the Issuer, enforceable against the Issuer in accordance with its terms, under applicable laws of the State of New York.

 14. Each of the Texas Law Project Agreements constitutes a valid and binding obligation of the Issuer, enforceable against the Issuer in
accordance with its terms, under applicable laws of the State of Texas. 
 15. The Chevron Guaranty constitutes a valid and binding
obligation of the Issuer, enforceable against the Issuer in accordance with its terms, under the applicable laws of the State of California. 
 16. Assuming (i) the accuracy of the representations and warranties of the Issuer set forth in Sections 2(s) and 2(t) of the Purchase Agreement, (ii) the due performance by the Issuer and the Initial Purchasers of the covenants
and agreements set forth in the Purchase Agreement, (iii) the compliance by the Initial Purchasers with the offering and transfer procedures and the restrictions described in the Offering Circular, (iv) the accuracy of the representations
and warranties of the Initial Purchasers set forth in Section 4 of the Purchase Agreement, (v) the accuracy of the representations and warranties made or deemed to be made in accordance with the Purchase Agreement and the Offering Circular
by purchasers to whom the Initial Purchasers initially resell the Initial Securities, and (vi) that purchasers to whom the Initial Purchasers initially resell the Initial Securities have been made aware of the information set forth in the
Offering Circular under the captions “Transfer Restrictions,” (A) the offer, issue, sale and delivery of the Initial Securities to the Initial Purchasers and the initial resale of the Initial Securities by the Initial 
  

 25 

 Purchasers, each in the manner contemplated by the Purchase Agreement and the Offering Circular, do not require
registration under the Securities Act, and (B) prior to the consummation of the Exchange Offer or the effectiveness of the Shelf Registration Statement (as defined in the Registration Rights Agreement), such offer, issue, sale and delivery of
the Initial Securities and such initial resale of the Initial Securities do not require qualification of the Indenture under the Trust Indenture Act of 1939, as amended; provided, however, that we express no opinion as to any
subsequent resale of any Security. 
 17. The Issuer is not, and immediately after giving effect to the issuance and sale of the Initial
Securities occurring today and the application of proceeds therefrom as described in the Offering Circular, will not be, an “investment company” within the meaning of said term as used in the Investment Company Act of 1940, as amended.

 18. Each of the Security Documents is effective to create in favor of the Collateral Trustee for the benefit of the Secured Parties (as
defined in such Security Document), a valid and enforceable security interest under the NY UCC in all right, title and interest of the Pledgor party to such Security Document in, to and under the Collateral described in such Security Document to
which Article 9 of the NY UCC is applicable (the “Article 9 Collateral”) as collateral security for the Secured Obligations (as defined in such Security Document). 
 19. Each of the Financing Statements includes all of the types of information required by Section 9-502(a) of the Uniform Commercial Code as in
effect in the State of Delaware (the “DE UCC”) and also the types of information without which the Filing Office may refuse to accept the Financing Statements pursuant to Section 9-516 of the DE UCC. Upon the creation of the
security interest referred to in paragraph 18 above and the filing of the Financing Statements in the Filing Office, the security interest referred to in paragraph 18 above in that portion of the Article 9 Collateral in which a security
interest may be perfected by the filing of a financing statement under the DE UCC will be perfected. 
 20. Upon the creation of the security
interest referred to in paragraph 18 above and the execution and delivery of the Depositary Agreement, the security interest referred to in paragraph 18 above in that portion of the Article 9 Collateral consisting of (i) a “deposit
account” (as defined in Section 9-102(a)(29) of the NY UCC) will be perfected by “control” (within the meaning of section 9-104 of the NY UCC); (ii) a “security entitlement” (as defined in Section 8-102(a)(17)
of the NY UCC) credited to a “securities account” (as defined in Section 8-501(a) of the NY UCC) will be perfected by “control” (within the meaning of Section 8-106(d)(2) of the NY UCC); and (iii) a
“securities account” (as defined in Section 8-501 of the NY UCC) will be perfected when a security interest in all “security entitlements” carried in such “securities account” is perfected by the means indicated in
clause (ii) of this paragraph 20. 
 21. The security interest referred to in paragraph 18 above in that portion of the Article 9
Collateral consisting of a “certificated security” (as defined in Section 8-102(a)(4) of the NY UCC) represented by a “security certificate” (as defined in Section 8-102(a)(16) of the NY UCC) in bearer form or in
registered form will, upon the creation of such security interest referred to in paragraph 18 above, be perfected by the Collateral Trustee taking possession in the State of New York of such “security certificate”, and if the Collateral
Trustee takes possession of such “security certificate” for “value” (as defined in Section 1-201(44) of the NY UCC) and without “notice” (within the meaning of Section 8-501 of the NY UCC) of any “adverse
claim” (as defined in Section 8-102(a)(1) of the NY UCC) to such “certificated security”, then the Collateral Trustee will be a “protected purchaser” (within the meaning of Section 8-303 of the NY UCC) and will
acquire such security interest free of any “adverse claim”. 
 In addition, we have participated in conferences with officers and
other representatives of Sabine Pass GP and the Issuer, the independent registered public accounting firm for the Issuer, your counsel and your representatives at which the contents of the Disclosure Package and the Offering Circular and related
matters were discussed and, although we have not independently verified and are not passing upon, and do not assume any responsibility for, the accuracy, completeness or fairness of the statements contained in the Disclosure Package and the Offering
Circular (except as and to the extent set forth in paragraphs 6 and 7 above), on the basis of the foregoing (relying with respect to factual matters to the extent we deem 
  

 26 

 appropriate upon statements by officers of Sabine Pass GP and other representatives of the Issuer), no facts have come to
our attention that have led us to believe that (i) the Disclosure Package, as of [        :        ]
[        ].m. (Eastern Time) on [            ], 2006 (which you have informed us is a time prior to the time of the first sale of the
Initial Securities by any Initial Purchaser), contained an untrue statement of a material fact or omitted to state any material fact necessary to make the statements therein, in light of the circumstances under which they were made, not misleading,
or (ii) the Offering Circular, as of its date and as of the date hereof, contained or contains an untrue statement of a material fact or omitted or omits to state any material fact necessary to make the statements therein, in the light of the
circumstances under which they were made, not misleading, it being understood that we express no opinion, statement or belief in this letter with respect to (i) the historical and pro forma financial statements and related schedules, including
the notes and schedules thereto and the auditor’s report thereon and (ii) any other financial or accounting data, included in, or excluded from, the Offering Circular or the Disclosure Package. Without limiting the foregoing, we call to
your attention that (i) the Offering Circular has been prepared in the context of a Rule 144A transaction and not as part of a registration statement under the Securities Act, and (ii) the Offering Circular does not contain all information
that would be required in a registration statement under the Securities Act. 
  

 27 

 EXHIBIT A-2 
 [Opinion of Louisiana Counsel] 
 1. Except for filings which are necessary to perfect the security interests
granted under the Documents and such other filings, authorizations or approvals as are specifically contemplated by the Documents, no authorizations or approvals of, and no filings with, any governmental or regulatory authority or agency of the
United States, the state of Borrower’s formation, or the State of Louisiana (the “State”) are necessary for the execution, delivery or performance of the Documents by the Borrower. 
 2. Each of the Documents constitutes the legal, valid and binding obligation of Borrower, enforceable against Borrower in accordance with its terms.

 3. The execution and delivery by the Borrower of the Documents and the consummation of the transactions contemplated thereby do not
conflict with or violate any federal or State law, rule, regulation or ordinance applicable to Borrower. 
 4. Subject to the comments and
limitations in Paragraph      hereof, the choice of law provisions contained in the Documents will be upheld and enforced by the courts of the State and Federal courts sitting in and applying the laws of the State. In this
regard, the amounts to be received by Lender as interest in respect of the Global Note, made by the Borrower, as maker, in favor of Lender and under the Indenture constitute lawful interest under the laws of the State and are neither usurious nor
illegal. 
 5. The Mortgage to be recorded in the State is in form satisfactory for recording. The recording of the Mortgage in the office of
Clerk of Court for the Parish of Cameron, State of Louisiana, and the filing and recording of the Financing Statements referred to on Schedule 1 hereto in the offices shown on Schedule 1 hereto, are the only recordings or filings
necessary to publish notice of and to establish of record the rights of the parties thereto and to perfect the liens and security interests granted by Borrower pursuant to the Mortgage in the real property (including fixtures) covered thereby. Such
Financing Statements comply in all respects with applicable provisions of the Uniform Commercial Code as in effect in the State (the “UCC”) and are in appropriate form for filing or recording and the description therein of the
property covered thereby is adequate to permit the perfection of such security interests. Upon the execution and delivery of such Mortgage, such liens and security interests shall be created and upon the recording and filing of the Mortgage and
Financing Statements as aforesaid, such liens and security interests shall be perfected. No documents or instruments other than those referred to in this paragraph need be recorded, registered or filed in any public office in the State in order to
publish notice of the applicable Mortgage or to perfect such liens and security interests or for the validity or enforceability of any of the Documents or to permit Lender to enforce its rights thereunder in the courts of the State. 
  

 28 

 6. Except for customary filing fees, no recording, filing, privilege or other tax must be paid by either
the Borrower or Lender in connection with the execution, delivery, recordation or enforcement of any of the Documents. 
 7. In accordance
with La. R.S. 9:3500D and La. R.S. 12:703, the Loan is exempt from the law of usury under the laws of the State. 
 8. It is not necessary
for Lender to qualify to do business in the State solely to make the Loan and enforce the provisions of the Documents. The making of the Loan and enforcement of the provisions of the Documents will not result in the imposition upon Lender of any
taxes of the State, or any subdivision thereof in which the applicable Mortgaged Property is located (including, without limitation, franchise, license, tax on interest received or income taxes), other than taxes which Lender, if and when it becomes
the actual and record owner of such Mortgaged Property, by reason of foreclosure under the applicable Mortgage or by dation en paiement, would be required to pay. 
 9. Except as provided in Paragraph (4) hereof, the foreclosure of the Mortgage to be recorded in the State or exercise of any other remedy provided in the Mortgage will not in any manner restrict, affect or
impair the liability of Borrower with respect to the indebtedness secured thereby or the rights and remedies of Lender with respect to the foreclosure or enforcement of any other security interests or liens securing such indebtedness, to the extent
any deficiency remains unpaid after application of the proceeds of the foreclosure of such Mortgage or as a result of the exercise of any other remedy. 
 10. The priority of the lien of the Mortgage to be recorded in the State in respect of all advances or extensions of credit made by Lender under the Indenture on, before or after the date on which such Mortgage is
recorded in the appropriate recording office referred to in Paragraph 5 above will be determined by the date of such recording. 
 11.
The priority of the lien of the Mortgage will not be affected by (a) any prepayment of a portion of the Loan, or (b) any increase in or reduction of the outstanding amount of the Loan from time to time. 
 12. The Mortgage to be recorded in the State creates valid security interests in favor of Lender in the Collateral to the extent the UCC is applicable
thereto, as security for the payment or performance of the Obligations (as defined in such Mortgage). 
 The security interests described in
this Paragraph 12 are referred to as the “Security Interests.” 
 13. The Mortgage contains the terms and provisions
necessary to enable Agent, following a default under the Mortgage, to exercise the remedies that are customarily available to a lienholder under the laws of the State. 
  

 29 

 14. Borrower is duly qualified to do business as a foreign limited partnership in good standing in the
State of Louisiana. 
 15. The Security Agreement is in proper form and, if Louisiana law were to be applied thereto, the Security Agreement
would create a legal, valid and binding security interest in and to the Collateral in accordance with the terms thereof, to the extent that the Collateral consists of personal property in which a security interest can be granted under the UCC.

  

 30 

 EXHIBIT B 
  

					
	

	 	Stone & Webster Management Consultants, Inc.	 	 
		 		 	A World of SolutionsTM

 November     , 2006 
 Sabine Pass LNG, L.P. 
 c/o Cheniere Energy, Inc. 
 717 Texas Avenue, Suite 3100 
 Houston, TX 77002 
 Credit Suisse Securities (USA) LLC 
 Lehman Brothers Inc. 
 c/o Credit Suisse Securities (USA) LLC 
 Eleven Madison Avenue 
 New York, NY 10010-3629 
  

	 	Re:	Issuance and Sale of Senior Secured Notes of Sabine Pass LNG, L.P. 

 Dear Ladies and Gentlemen: 
 This consent is
furnished by Stone &Webster Management Consultants, Inc. in connection with the proposed issuance and sale of $2,032,000,000 in aggregate principal amount of 7 1/4% Senior Secured Notes due 2013 and 7 1/2%
Senior Secured Notes due 2016 (collectively, the “Notes”) of Sabine Pass LNG, L.P. (“Sabine”), as more particularly described in the Offering Circular, dated November 1, 2006, of Sabine.

 We have provided a report entitled “Independent Technical Review, dated October 21, 2006, which is attached to the Offering
Circular as Appendix A thereto (the “Report”). 
 We hereby confirm that (i) we have reviewed the section of the Offering Circular
entitled “Summary of Independent Engineer’s Report” and (ii) the statements contained therein accurately reflect the sections of our Report described therein. We hereby consent to the (i) inclusion of our Report in its
entirety and as a summary (both without change) in the Offering Circular and in filings by Cheniere Energy, Inc. and Sabine with the Securities and Exchange Commission, (ii) use of our trade name in connection with the specific textual
references to the conclusions of the Report in the section of the Offering Circular entitled “Summary of Independent Engineer’s Report”, and (iii) use of our trade name in connection with the specific textual references in the
section of the Offering Circular entitled “Independent Engineer”. We understand that the Offering Circular and SEC filings will be delivered to various investors or prospective investors in the Notes. 
 STONE & WEBSTER MANAGEMENT CONSULTANTS, INC. 
  

			
	By:	 	  

	Name:	 	
	Title:	 	

  

 1430 ENCLAVE PARKWAY  ·  HOUSTON, TEXAS 77077-2023  ·  281.368.4460  ·  FAX
281.368.4488  ·  THE SHAW GROUP INC.®Asset Purchase Agreement

 Exhibit 10.1 
  

	
	 ASSET PURCHASE AGREEMENT
  
 by and among
  
 THE BRICKMAN GROUP, LTD.,
  
 BRICKMAN BENGALS, LLC,
  
 GROUNDMASTERS, INC.
  
 GROUNDMASTERS, LLC

 
 and
  
 Michael G. Rorie
  
 as
  
 PRINCIPAL

 Dated October 31, 2006 

 TABLE OF CONTENTS 
  

					
	 	  	 	  	Page
	ARTICLE I            THE TRANSACTION	  	1
			
	 1.1.
	  	Purchase and Sale of Acquired Assets; Assumed Liabilities	  	1
			
	 1.2.
	  	Purchase Price Payment	  	6
		
	ARTICLE II            CLOSING	  	6
			
	 2.1.
	  	Closing Date	  	6
			
	 2.2.
	  	Closing Deliveries	  	6
			
	 2.3.
	  	Deliveries by the Principal	  	7
		
	ARTICLE III             REPRESENTATIONS AND WARRANTIES OF THE COMPANY	  	8
			
	 3.1.
	  	Organization	  	8
			
	 3.2.
	  	Authority	  	8
			
	 3.3.
	  	No Conflict	  	8
			
	 3.4.
	  	Capitalization	  	9
			
	 3.5.
	  	Subsidiaries	  	9
			
	 3.6.
	  	Financial Statements; Undisclosed Liabilities	  	9
			
	 3.7.
	  	Absence of Certain Changes or Events	  	9
			
	 3.8.
	  	Title; Condition and Sufficiency of Acquired Assets	  	11
			
	 3.9.
	  	Real Property	  	11
			
	 3.10.
	  	Leases; Leased Real Property	  	11
			
	 3.11.
	  	Working Capital Assets	  	12
			
	 3.12.
	  	Patents, Trademarks, Etc	  	13
			
	 3.13.
	  	Contracts	  	14
			
	 3.14.
	  	Litigation	  	14
			
	 3.15.
	  	Compliance with Laws; Permits	  	14
			
	 3.16.
	  	Environmental Matters	  	15
			
	 3.17.
	  	Employee Benefit Matters	  	16
			
	 3.18.
	  	Taxes	  	19
			
	 3.19.
	  	Consents	  	20
			
	 3.20.
	  	Employee Relations	  	20
			
	 3.21.
	  	Transactions with Related Parties	  	21
			
	 3.22.
	  	Insurance	  	21

  

 -i- 

 TABLE OF CONTENTS 
 (continued) 
  

					
	 	  	 	  	Page
	 3.23.
	  	Brokers	  	22
			
	 3.24.
	  	Compensation Arrangements; Officers and Directors	  	22
			
	 3.25.
	  	Relationship with Significant Customers	  	22
			
	 3.26.
	  	Warranty	  	22
			
	 3.27.
	  	Close Corporation and Escrow Agreement	  	22
			
	 3.28.
	  	Disclosure	  	22
		
	ARTICLE IV             REPRESENTATIONS AND WARRANTIES OF BUYER AND PARENT	  	23
			
	 4.1.
	  	Organization	  	23
			
	 4.2.
	  	Authority	  	23
			
	 4.3.
	  	No Conflict	  	23
			
	 4.4.
	  	Consents	  	24
			
	 4.5.
	  	Brokers	  	24
		
	ARTICLE V             COVENANTS	  	24
			
	 5.1.
	  	Name Change	  	24
			
	 5.2.
	  	Confidentiality	  	24
			
	 5.3.
	  	Non-Compete	  	24
			
	 5.4.
	  	Further Assurances	  	25
			
	 5.5.
	  	Employee Matters	  	26
			
	 5.6.
	  	Real Property Leases	  	28
			
	 5.7.
	  	Bulk Sales Laws	  	28
			
	 5.8.
	  	Insurance Policies	  	28
		
	ARTICLE VI            TAX MATTERS	  	28
			
	 6.1.
	  	Allocation	  	28
			
	 6.2.
	  	Transfer Taxes	  	28
			
	 6.3.
	  	Wage Reporting	  	29
			
	 6.4.
	  	Cooperation on Tax Matters	  	29
		
	ARTICLE VII            SURVIVAL AND INDEMNIFICATION	  	29
			
	 7.1.
	  	Survival	  	29
			
	 7.2.
	  	General Indemnification	  	30

  

 -ii- 

 TABLE OF CONTENTS 
 (continued) 
  

					
	 	  	 	  	Page
	 7.3.
	  	Right of Offset	  	32
			
	 7.4.
	  	Computation of Indemnifiable Losses	  	32
			
	 7.5.
	  	Tax Treatment	  	33
			
	 7.6.
	  	Sole Remedy	  	33
		
	ARTICLE VIII            MISCELLANEOUS	  	33
			
	 8.1.
	  	Interpretive Provisions	  	33
			
	 8.2.
	  	Entire Agreement	  	33
			
	 8.3.
	  	Successors and Assigns	  	33
			
	 8.4.
	  	Headings	  	33
			
	 8.5.
	  	Modification and Waiver	  	34
			
	 8.6.
	  	Expenses	  	34
			
	 8.7.
	  	Notices	  	34
			
	 8.8.
	  	Governing Law; Consent to Jurisdiction	  	35
			
	 8.9.
	  	Public Announcements	  	36
			
	 8.10.
	  	No Third Party Beneficiaries	  	36
			
	 8.11.
	  	Counterparts	  	36
		
	ARTICLE IX            CERTAIN DEFINITIONS	  	36

  

 -iii- 

			
	EXHIBITS  

	Exhibit A	  	 Convertible Note

	Exhibit B	  	 Confidentiality and Non-Competition Agreements

	Exhibit C	  	 Real Property Leases

	Exhibit D	  	 Lebanon Documents

	Exhibit E	  	 Assignment of Copyright

	Exhibit F	  	 Assignment of Trademark

	Exhibit G	  	 Assignment and Assumption Agreement (7631 Lewiston Lease)

	Exhibit H	  	 Assignment and Assumption Agreement (Lavelle Lease)

	Exhibit I	  	 Assignment and Assumption Agreement (WSH Development)

	
	SCHEDULES
		
	1.1(b )	  	 Excluded Assets

	1.1(c)	  	 Assumed Liabilities

		
	3.1	  	 Organization

	3.3	  	 No Conflict

	3.4	  	 Capitalization

	3.6.1	  	 Balance Sheet

	3.6.2	  	 Undisclosed Liabilities

	3.7	  	 Absence of Changes or Events

	3.8.1	  	 Title to Assets

	3.8.2	  	 Conditions of Assets

	3.10	  	 Leases

	3.11.1	  	 Write-Offs

	3.11.2	  	 Outstanding Accounts Receivable

	3.11.3	  	 Inventories

	3.12.1	  	 Patents, Trademarks and Intellectual Property Rights

	3.12.2	  	 Patents, Trademarks and Intellectual Property Rights Defects

	3.12.3	  	 Company Software

	3.13.1	  	 Contracts

	3.13.2	  	 Contract Breaches

	3.14	  	 Litigation

	3.15.1	  	 Compliance with Laws; Permits

	3.15.2	  	 Notice of Action

	3.16.1	  	 Environmental Matters

	3.16.2	  	 Environmental Permits

	3.16.3	  	 Environmental Audits

	3.17	  	 Employee Benefit Matters

	3.18.1	  	 Tax Filings

	3.18.2	  	 Waivers of Statute of Limitation

	3.18.3	  	 Tax Litigation

	3.19	  	 Consents

  

 -iv- 

			
	3.20	  	Employee Relations Matters
	3.21	  	Transactions with Related Parties
	3.22.1	  	Insurance Policies
	3.22.2	  	Insurance Damages/Claims
	3.23	  	Brokers
	3.24	  	Compensation, Etc.
	3.26	  	Warranty
		
	4.4	  	Buyer Consents
		
	5.5(b)(i)	  	Employees
	5.5(c)(i)	  	Assumed Benefit Contracts

 ASSET PURCHASE AGREEMENT 
 THIS ASSET PURCHASE AGREEMENT (the “Agreement”) is made and entered into as of October 31, 2006, by and among The Brickman Group,
Ltd., a Delaware corporation (“Parent”), Brickman Bengals, LLC, a Delaware limited liability company (“Buyer”), Groundmasters, Inc., an Ohio corporation (“Groundmasters”), Groundmasters, LLC, an Ohio
limited liability company, (the “GM Subsidiary,” together with Groundmasters, the “Company”) and Michael G. Rorie (the “Principal”). 
 RECITALS 
 A. WHEREAS, upon the terms and subject to the conditions set forth herein, the Company
hereby sells and transfers, and Buyer hereby buys and assumes, substantially all of the assets and certain liabilities of the Company. 
 B.
WHEREAS, the sole member of Buyer, the board of directors of the Company and the Principal, the sole stockholder of the Company, have authorized and approved the transactions contemplated hereby on the terms set forth in this Agreement. 

AGREEMENTS 
 NOW, THEREFORE, in
consideration of the mutual representations, warranties, covenants and agreements contained herein and for other good and valuable consideration, the receipt and adequacy of which is hereby acknowledged, and upon the terms and subject to the
conditions hereinafter set forth, the parties hereto, intending to be legally bound hereby, agree as follows: 
 ARTICLE I 

THE TRANSACTION 
 1.1. Purchase
and Sale of Acquired Assets; Assumed Liabilities. 
 (a) Purchase and Sale of Acquired Assets. The Company hereby sells, conveys,
transfers, assigns and delivers to Buyer, and Buyer hereby purchases from the Company, all of the Company’s right, title and interest in and to all the Company’s property and assets, real, personal or mixed, tangible and intangible, of
every kind and description, wherever located and whether or not any of such assets have any value for accounting purposes or are carried or reflected on or specifically referred to in either the Company’s books of account or financial
statements, excluding only the Excluded Assets (as defined below) (the “Acquired Assets”), free and clear of any and all Encumbrances other than Permitted Encumbrances. The Acquired Assets shall include all of the assets of the
Company on the Balance Sheet (as defined in Section 3.6 hereof) and all assets acquired by the Company since the Balance Sheet Date (as defined in Section 3.6 hereof), except to the extent disposed of in the ordinary course of business
since the Balance Sheet Date or except to the extent specifically identified herein as an Excluded Asset, including all of the following: 
 (i) all of the Company’s rights under contracts, agreements and purchase and sale orders, including all of the Company’s rights under any of its customer contracts and any contract renewal rights; 

 (ii) all of the Company’s rights under leases for real or personal property other than the
Affiliate Leases; 
 (iii) all of the Company’s vehicles, trailers, mowers, snow blowers, snow plows, spreaders, hand and power tools,
parts and supplies, and all other items of machinery and equipment, wherever located, in each case with any transferable warranty and service rights of the Company with respect to such Acquired Assets; 
 (iv) all of the Company’s furniture, fixtures, office equipment and supplies, computer hardware and software, stored data, communication equipment,
trade fixtures and leasehold improvements (subject to any applicable lease terms), wherever located, in each case with any transferable warranty and service rights of the Company with respect to such Acquired Assets; 
 (v) all of the Company’s inventory of raw materials, work in process, parts, subassemblies and finished goods, wherever located and whether or not
obsolete or carried on the Company’s books of account, in each case with any transferable warranty and service rights of the Company with respect to such Acquired Assets; 
 (vi) all of the Company’s trade and other notes and accounts receivable, advance payments, deposits, prepaid items and expenses, deferred charges,
rights of offset and credits and claims for refund; 
 (vii) all of the Company’s books, records, manuals, documents, books of account
relating primarily to the operation of the Company or to the Acquired Assets or Assumed Liabilities, sales and credit reports, customer lists, literature, brochures, advertising or promotional material and the like; 
 (viii) all of the Company’s claims, choses in action, causes of action and judgments relating to the Acquired Assets arising after the Closing
Date; 
 (ix) all of the Company’s goodwill and rights in and to the name “Groundmasters, Inc.,” “Groundmasters,
LLC” and “Ground Masters” and in any other tradename, trademark, domain names, logo, design, slogan, tag line, fictitious name or service mark, or any variant of any of them, and any applications therefor or registrations thereof, and
all any other forms of intellectual property or industrial property rights, including, any patents, copyrights, trade secrets or proprietary manufacturing processes, and any licenses, consents and other agreements relating thereto; 
 (x) any governmental licenses, permits and approvals issued to the Company to the extent their transfer is permitted by applicable law; 
 (xi) all insurance policies and benefits, including insurance rights and proceeds, under the Assumed Benefit Contracts relating to periods after the
Closing; and 
  

 2 

 (xii) all insurance proceeds or claims under insurance policies relating to property or equipment not
repaired, replaced or restored by the Company prior to the Closing Date. 
 (b) Excluded Assets. Notwithstanding anything herein to
the contrary, the Company shall retain all of its right, title and interest in and to, and there shall be excluded from the sale, conveyance, assignment or transfer to Buyer hereunder, and the Acquired Assets shall not include, solely the following
assets and properties (such retained assets and properties being the “Excluded Assets”): 
 (i) all cash and cash
equivalents of the Company on hand and/or in banks, including without limitation certificates of deposit, commercial paper, treasury bills, marketable securities, asset or money market accounts and all such similar accounts or investments;

 (ii) all refunds of Taxes (as defined in Section 3.18 hereof) to the extent that the Taxes being refunded were an Excluded
Liability; 
 (iii) all Tax Returns (as defined in Section 3.18 hereof) of the Company; 
 (iv) all rights of the Company under this Agreement and any Ancillary Agreement; 
 (v) Big Mon Casualty and Indemnity LTD captive insurance policy; 
 (vi) except as set forth in Section 5.5(c), all pension and profit sharing plans maintained by the Company and the assets thereof, and all other employee benefit plans and arrangements of the Company and the
assets thereof; 
 (vii) all tangible and intangible personal property of the Company disposed of or consumed in the ordinary course of
business since the Balance Sheet Date; 
 (viii) all Contracts that have terminated or expired prior to the Closing Date in the ordinary
course of business consistent with the past practices of the Company; 
 (ix) the Company’s corporate seal, minute books, charter
documents, corporate stock record books and such other books and records as pertain to the organization, existence or share capitalization of the Company and duplicate copies of such records as are necessary to enable the Company to file its tax
returns and reports as well as any other original records or materials relating to the Company generally and not involving or relating to the Acquired Assets or the operation or operations of the Company; 
 (x) contracts of insurance, and all insurance proceeds or claims thereunder except as provided in Section 1.1(a)(xi) and (xii); 
 (xi) all of the Company’s claims, choses in action, causes of action and judgments relating to the Acquired Assets arising prior to the Closing
Date to the extent not specifically identified as an Acquired Asset in Section 1.1(a); 
  

 3 

 (xii) the equity interests in the GM Subsidiary; and 
 (xiii) the items set forth on Schedule 1.1(b) hereof. 
 (c) Assumed Liabilities. Buyer hereby assumes and shall fully pay, discharge, satisfy and perform, the following liabilities or obligations of the Company, except in each case to the extent any such liabilities
or obligations (a) would have been performed, paid or otherwise discharged on or prior to the Closing Date, but for a breach or default by the Company or (b) are Excluded Liabilities (the “Assumed Liabilities”):

 (i) all of the liabilities and obligations identified on Schedule 1.1(c) hereof. 
 (ii) all of the liabilities and obligations of the Company arising under or relating to any contract, lease, or agreement included in the Acquired
Assets which by their terms are required to be performed, paid or otherwise discharged following the Closing Date; 
 (iii) liabilities for
personal property Taxes imposed in respect of the Acquired Assets that are first due and payable subsequent to the Closing Date; and 
 (iv)
liabilities and obligations under the Assumed Benefit Contracts to the extent provided under Section 5.5(c). 
 (d) Excluded
Liabilities. Notwithstanding anything contained herein to the contrary, the Excluded Liabilities shall not be assumed by Buyer, but instead shall be retained, performed, paid and discharged by the Company. The term “Excluded
Liabilities” as used herein means any and all liabilities or obligations of the Company or any of its affiliates of any nature, whether due or to become due, whether accrued, absolute, contingent or otherwise, existing on the Closing Date,
or arising out of any transactions entered into or any circumstances or events occurring, or the use, ownership, possession or operation of the Acquired Assets or the conduct of the Company’s business, prior to the Closing Date, excepting only
the Assumed Liabilities. Without limiting the foregoing, the Excluded Liabilities shall include the following: 
 (i) except for personal
property Taxes referred to in Section 1.1(c)(iii), any obligation or liability for Taxes incurred by the Company for any period (or portion thereof) prior to the Closing Date, including the Transfer Taxes as provided for in Section 6.2
hereof and any liability of the Company for the Taxes of another person under a contractual indemnity or covenant, as a transferee or otherwise under applicable Tax laws, regulations or administrative rules; 
 (ii) any claim, obligation or liability in connection with or arising from or relating to any Excluded Asset, including any Taxes associated therewith;

 (iii) any Debt as of the Closing Date; 
 (iv) any obligation or liability of the Company to its shareholders or other equity security holders respecting dividends, distributions in liquidation, redemptions of shares, option payments or otherwise, and any
liability of the Company pursuant to the agreements and arrangements set forth on Schedule 3.21 hereof; 
  

 4 

 (v) any obligation or liability of the Company arising out of this Agreement; 
 (vi) any obligation or liability arising out of or relating to any business or property formerly owned or operated by the Company, any affiliate or
predecessor thereof, but not presently owned and operated by the Company; 
 (vii) any liabilities or obligations under Benefit Plans,
except to the extent such liabilities and obligations otherwise constitute Assumed Liabilities; 
 (viii) any obligation or liability of the
Company or its predecessors arising out of any contract, agreement, permit, franchise or claim that is not transferred to Buyer as part of the Acquired Assets; 
 (ix) any claim or obligation under any Lease arising prior to or with respect to periods prior to the Closing Date; 
 (x) outstanding checks of the Company as of the Closing Date; 
 (xi) any liability, claim or obligation in
connection with or arising from or relating to the Employee Leasing Agreement, between J. Ross III Management Company, a Florida corporation d/b/a Employers Choice Plus, and Ground Masters LLC, dated as of December 2, 2003 (the
“Employee Leasing Agreement”), whether arising before, on or after the Closing. 
 (xii) any Environmental Liability; and

 (xiii) liabilities and obligations in connection with or arising from the Big Mon Casualty and Indemnity LTD captive insurance program.

 (e) Nonassignable Assets. Buyer acknowledges that although the Company has not provided to any third party notices of the
assignment of the Acquired Assets to Buyer nor obtained from any third party the consents to the transfer of the Acquired Assets listed on Schedule 3.3 and Schedule 3.19 or the permits, licenses, approvals or similar authorizations
listed on Schedule 3.15.1 or the Environmental Permits listed on Schedule 3.16.2 (the “Required Notices and Consents”) to transfer to Buyer the contracts, leases, agreements, permits or approvals listed on such schedules,
Buyer is closing the transactions contemplated by this Agreement at Closing without the Company providing or obtaining the Required Notices and Consents. Each of the Company and the Principal shall take all reasonable actions and use commercially
reasonable efforts to do or cause to be done all such things as shall in the reasonable judgment of Buyer be necessary or proper (a) to assure that the rights and benefits of the Company under such contracts, leases, agreements, permits or
approvals shall be preserved for the benefit of Buyer and (b) to facilitate receipt of the consideration to be received by the Company in and under every such contract, agreement, permit or approval, which consideration shall be held for the
benefit of, and shall be delivered to, Buyer. In addition, after the Closing, 
  

 5 

 the Company shall, at the request and under the direction of Buyer, take all reasonable actions and use commercially
reasonable efforts to provide or obtain the Required Notices and Consents and any other consents or approvals from governmental authorities or third parties required to be obtained in connection with the execution, delivery and performance by the
Principal or the Company of this Agreement. The Company shall not be required to indemnify Buyer under Article VII hereof from any Losses arising from the failure to provide or obtain the Required Notices and Consents prior to Closing. 

1.2. Purchase Price Payment. 
 (a)
Purchase Price. The aggregate purchase price for the Acquired Assets (the “Aggregate Purchase Price”) shall consist of: (i) Forty-Seven Million Seven Hundred Fifty Thousand Dollars ($47,750,000) in cash (“Cash
Consideration”) plus (ii) a convertible subordinated note to be issued by the Parent, in the form attached hereto as Exhibit A, in the principal amount of Five Million Dollars ($5,000,000) (the “Convertible
Note). 
 (b) Payments. At the Closing, Buyer shall pay Groundmasters the Cash Consideration by wire transfer of immediately
available funds to the account that has been designated by Groundmasters and Parent shall issue to Groundmasters the Convertible Note. 
 ARTICLE II 
 CLOSING 
 2.1. Closing Date. The closing of the transactions contemplated hereby (the “Closing”) shall take place at the offices of Graydon Head & Ritchey LLP in Cincinnati, Ohio concurrently with the execution of
this Agreement (such time and date being referred to herein as the “Closing Date”). For financial accounting and tax purposes, to the extent permitted by law, the Closing shall be deemed to have become effective as of the close of
business on the Closing Date. 
 2.2. Closing Deliveries. 
 (a) Deliveries by Buyer to the Company. At the Closing, Buyer shall deliver or cause to be delivered the following to the Company or Landlord:

 (i) the Cash Consideration in accordance with Section 1.2(b) subject to the terms and conditions hereof; 
 (ii) the Convertible Note, duly executed by Parent and Brickman Group Holdings, Inc.; 
 (iii) the Real Property Leases, duly executed by Buyer; 
 (iv) the Agreement and the Ancillary Agreements (as hereinafter defined) to which Buyer or Parent are a party, duly executed by Buyer or Parent, as the case may be; and 
  

 6 

 (v) such other agreements, certificates and documents as may be reasonably requested by the Company.

 (b) Deliveries by the Company. At the Closing, the Company shall deliver or cause to be delivered the following to Buyer:

 (i) confidentiality and restrictive covenant agreements duly executed by senior executives of the Company identified on Exhibit B
in the form of Exhibit B attached hereto; 
 (ii) the Real Property Leases, duly executed by Landlord; 
 (iii) the Assignment of Copyright attached hereto as Exhibit E, duly executed by Groundmasters; 
 (iv) the Assignment of Trademark attached hereto as Exhibit F, duly executed by Groundmasters; 
 (v) the Assignment and Assumption Agreements attached as Exhibits G, H and I, duly executed by Groundmasters or the Landlord, as
applicable; 
 (vi) any other title transfer document, as may reasonably be requested by Buyer; 
 (vii) the Agreement and the Ancillary Agreements to which the Company is a party, duly executed by the Company, as the case may be; 
 (viii) a legal opinion of the Company’s counsel addressed to Buyer in customary form and reasonably acceptable to Buyer; 
 (ix) such lien releases or other written evidence reasonably satisfactory to Buyer, evidencing the release of all Encumbrances on the Acquired Assets
that are not Permitted Encumbrances; 
 (x) a certificate prepared in accordance with Treasury regulations section 1.1445-2 and dated as of
the Closing Date certifying that Groundmasters is not a foreign person; 
 (xi) a certificate prepared in accordance with Treasury
regulations section 1.1445-2 and dated as of the Closing Date certifying that the GM Subsidiary is a disregarded entity and that its sole member (the Company) is not a foreign person; and 
 (xii) such other agreements, certificates and documents as may be reasonably requested by Buyer. 
 2.3. Deliveries by the Principal. At the Closing, the Principal shall deliver or cause to be delivered to Buyer the Agreement and the Ancillary
Agreements to which the Principal or any affiliate controlled by the Principal is a party, duly executed by the Principal or such affiliate (including the Real Property Leases, the Lebanon Documents and the Assignment and Assumption Agreement
attached as Exhibit H). 
  

 7 

 ARTICLE III 
 REPRESENTATIONS AND WARRANTIES OF THE 
 COMPANY 
 The Company represents and warrants to Buyer as follows: 
 3.1. Organization. Groundmasters is a corporation, the GM Subsidiary is a limited liability company and each are duly organized, validly existing, and in good standing under the laws of the State of Ohio. The
Company has all requisite corporate or limited liability company power and authority to carry on its business as it now is being conducted and to execute, deliver and perform this Agreement and the Ancillary Agreements to which it is a party and to
consummate the transactions contemplated hereby and thereby. The Company is duly qualified to do business and is in good standing as a foreign corporation in all jurisdictions listed on Schedule 3.1 of the Disclosure Schedules delivered by
the Company to Buyer in connection herewith (the “Disclosure Schedules”), which are the only jurisdictions where the nature of the property owned or leased by it or the nature of the business conducted by it makes such qualification
necessary, except where the failure to be so qualified or in good standing would not have a Material Adverse Effect. True and complete copies of the articles of incorporation, certificate of formation, bylaws, limited liability company operating
agreement or other similar organizational documents of the Company, all as amended to date, have been previously delivered to Buyer. 
 3.2.
Authority. The execution, delivery and performance by the Company, and its affiliates of this Agreement and the Ancillary Agreements to which the Company or such affiliates is a party and the consummation by the Company and such affiliates of
the transactions contemplated hereby and thereby have been duly authorized by all necessary corporate or limited liability company action on the part of the Company and such affiliates, as applicable. This Agreement has been, and each Ancillary
Agreement to which the Company or its affiliates is a party will be, duly and validly executed and delivered by the Company and such affiliates, to the extent a party thereto, and constitutes, and will constitute, the valid and binding obligation of
the Company and such affiliates, as applicable, enforceable against the Company and such affiliates, as applicable, in accordance with its respective terms. 
 3.3. No Conflict. The execution, delivery and performance by the Company and its affiliates of this Agreement and the Ancillary Agreements to which the Company or its affiliates is a party, and the consummation
by the Company and such affiliates of the transactions contemplated hereby does not and will not, with or without the giving of notice or the lapse of time, or both, (w) violate, in any material respect, any provision of law, rule, or
regulation to which the Company or such affiliates is subject, (x) violate any order, judgment, or decree applicable to the Company or such affiliates, (y) violate any provision of the articles of incorporation, certificate of formation,
bylaws, limited liability company operating agreement or other corporate governance documents of the Company or such affiliates, if applicable, or (z) except as disclosed on Schedule 3.3 of the Disclosure Schedules, violate or result in
a breach of or constitute a default (or an event which might, with the passage of time or the giving of notice, 
  

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 or both, constitute a default) under, or require the consent of any third party under, or result in or permit the
termination or amendment of any provision of, or result in or permit the acceleration of the maturity or cancellation of performance of any obligation under, or result in the creation or imposition of any Encumbrance other than Permitted
Encumbrances, of any nature whatsoever upon the Acquired Assets or give to others any interests or rights therein under any indenture, deed of trust, mortgage, loan or credit agreement, lease, or other material license, permit, contract, agreement,
instrument or commitment to which the Company or such affiliates is a party or by which the Company or such affiliates may be bound or affected. 
 3.4. Capitalization. The authorized and outstanding capital stock of the Company and the record owners thereof is set forth on Schedule 3.4 of the Disclosure Schedules. Except as disclosed on Schedule 3.4, there are
outstanding no securities convertible into, exchangeable for or carrying the right to acquire equity securities of the Company, or subscriptions, warrants, options, phantom stock interests, rights (including preemptive rights or stock appreciation
rights), or other arrangements or commitments obligating the Company to issue or dispose of any of its equity securities or any ownership interest therein. Groundmasters is the sole member of the GM Subsidiary. 
 3.5. Subsidiaries. Groundmasters does not (i) directly or indirectly own any stock of, equity interest in, or other investment in any other
corporation, joint venture, partnership, trust or other person or (ii) have any subsidiaries or any predecessors in interest by merger, liquidation, reorganization, acquisition or similar transaction, except for the GM Subsidiary. 

3.6. Financial Statements; Undisclosed Liabilities. The books of account and related records of the Company fairly reflect in all material
respects the Company’s assets, liabilities and transactions in accordance with GAAP. The (x) balance sheets of the Company as of December 31, 2005, 2004 and 2003 and the related statements of income and retained earnings and cash
flows for the years ended December 31, 2005, 2004 and 2003, each of which have been reviewed by Munninghoff, Lange & Co., and (y) the balance sheet of the Company as of September 30, 2006, and the related statements of income
and retained earnings and cash flows for the nine-month period ended September 30, 2006 (the “Interim Financial Statements”), have been previously delivered to Buyer and (i) are true and correct in all material respects,
(ii) were prepared in accordance with GAAP (except as specifically otherwise noted therein or, in the case of the Interim Financial Statements, except for the absence of footnotes), and (iii) present fairly the financial position, results
of operations and cash flows of the Company as of such dates and for the periods then ended in accordance with GAAP. The unaudited balance sheet of the Company as at September 30, 2006 (the “Balance Sheet Date”) is attached
hereto as Schedule 3.6.1 (the “Balance Sheet”). The Company does not have any material liability or obligation of any nature, whether due or to become due, absolute, contingent or otherwise, except (a) to the extent
reflected as a liability on the Balance Sheet, (b) liabilities incurred in the ordinary course of business consistent with past practice after the Balance Sheet Date and (c) liabilities disclosed on Schedule 3.6.2 attached hereto.

 3.7. Absence of Certain Changes or Events. Except as set forth on Schedule 3.7 of the Disclosure Schedules, since the
Balance Sheet Date, the Company has conducted its business only in the ordinary course consistent with past practice and, to the Company’s 
  

 9 

 knowledge, there has not been a Material Adverse Effect. Without limiting the foregoing, except as set forth on
Schedule 3.7 or as reflected in the Balance Sheet, since the Balance Sheet Date, the Company has not (a) purchased or redeemed any shares of its stock, or granted or issued any option, warrant or other right to purchase or acquire any
such shares, (b) incurred or discharged any liabilities or obligations (whether absolute, accrued, contingent or otherwise), except liabilities and obligations incurred or discharged in the ordinary course of business consistent with past
practice, (c) encumbered any of its properties or assets, tangible or intangible, except for Encumbrances incurred in the ordinary course of business consistent with past practice, (d) granted any increase in the salaries or other
compensation payable or to become payable to, or any advance (excluding advances for ordinary business expenses consistent with past practice) or loan to, any officer, director or employee of the Company (other than normal increases for employees
averaging not in excess of five percent (5%) per annum made in the ordinary course of business and consistent with past practice), or any increase in, or any addition to, other benefits (including any bonus, profit-sharing, pension or other
plan) to which any of the officers, directors and employees may be entitled, or any payments to any pension, retirement, profit-sharing, bonus or similar plan except payments in the ordinary course of business and consistent with past practice made
pursuant to the Benefit Plans, or any other payment of any kind to or on behalf of any officer or employee other than payment of base compensation, normal and customary bonuses and reimbursement for reasonable expenses in the ordinary course of
business consistent with past practice, (e) suffered any change or, to the Company’s knowledge, received any threat of any change in any of its relations with, or any loss or, to the Company’s knowledge, threat of loss of, any of the
suppliers, clients, distributors, customers or employees that are material to the Company’s business, including any loss or change which may result from the transactions contemplated by this Agreement, (f) disposed of or has failed to keep
in effect any rights in, to or for the use of any franchise, license, permit or certificate material to the Company’s business, (g) changed any method of keeping of their respective books of account or accounting practices,
(h) disposed of or failed to keep in effect any rights in, to or for the use of any of the Intellectual Property (as hereinafter defined) material to the Company’s business, (i) sold, transferred or otherwise disposed of any assets,
properties or rights of the Company’s business, except inventory sold in the ordinary course of business consistent with past practice, (j) entered into any transaction, agreement or event outside the ordinary course of the conduct of the
Company’s business or with any officer, director, stockholder, or other affiliate of the Company or any “associates” (as defined in the rules and regulations of the Securities and Exchange Commission) of any of the forgoing,
(k) made nor authorized any single capital expenditure in excess of $25,000, or capital expenditures in excess of $100,000 in the aggregate, (l) changed or modified in any manner its existing credit, collection and payment policies,
procedures and practices with respect to accounts receivable and accounts payable, respectively, including acceleration of collections of receivables, failure to make or delay in making collections of receivables (whether or not past due),
acceleration of payment of payables or failure to pay or delay in payment of payables, (m) incurred any material damage, destruction, theft, loss or business interruption, (n) made any declaration, payment or setting aside for payment of
any dividend or other distribution (whether in cash, stock or property) with respect to any securities of the Company, (o) made (except as consistent with past practice) or revoked any Tax election or settled or compromised any material Tax
liability with any Taxing Authority, or (p) waived or released any material right or claim of the Company or incurred any modifications, amendments or terminations of any Contracts which are in the aggregate materially adverse to the Company or
its business. 
  

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 3.8. Title; Condition and Sufficiency of Acquired Assets. 
 (a) The Company has good title to all of the Acquired Assets (including those reflected on the Balance Sheet, but excluding any such assets and properties
sold, consumed, or otherwise disposed of in the ordinary course of business since the Balance Sheet Date) free and clear of all Encumbrances, except for (i) as set forth on Schedule 3.8.1 of the Disclosure Schedules, (ii) liens for
Taxes not yet due and payable to the extent such Taxes are timely discharged by the Company and (iii), in the case of real estate, minor imperfections of title, none of which, individually or in the aggregate, materially detracts from the value of
the affected properties, or materially impairs the use of the affected properties in the manner such properties currently are being used or materially impairs the operations of the Company (Encumbrances marked with an asterisk (*) on
Schedule 3.8.1 and Encumbrances of the type described in sub-clauses (ii) and (iii) of this Section 3.8(a) being the “Permitted Encumbrances”). At the Closing, the Company will convey the Acquired Assets to
Buyer free and clear of any and all Encumbrances other than Permitted Encumbrances. 
 (b) Except as set forth on Schedule 3.8.2 of
the Disclosure Schedules, the Acquired Assets are in good operating condition and repair (except for ordinary wear and tear and routine maintenance in the ordinary course of business), are adequate for the purposes for which they are presently used
in the conduct of the Company’s business and are usable in a manner consistent with their current use. Except as set forth on Schedule 3.8.2 of the Disclosure Schedules, the Acquired Assets constitute all of the assets, properties and
rights necessary for the operation of the Company’s business in the same manner in all material respects as the Company’s business is currently conducted. 
 3.9. Real Property. The Company does not own any real property. 
 3.10. Leases; Leased Real
Property. 
 (a) Schedule 3.10 sets forth a true, correct and complete list of all written or oral leases and subleases (the
“Leases”) of real property to which the Company is a party (collectively, the “Leased Real Property”). The Company does not operate its business at any location other than those listed as Leased Real Properties on
Schedule 3.10. True, correct and complete copies of all Leases and all amendments, modifications and supplemental agreements thereto have previously been delivered by the Company to Buyer. The Leases are in full force and effect and are
binding and enforceable against the Company and, to the knowledge of the Company, each of the other parties thereto, in accordance with their respective terms and, except as set forth on Schedule 3.10, have not been modified or amended since
the date of delivery to Buyer. No party to any Lease has sent written notice to the other claiming that such party is in default thereunder and that such default remains uncured. Except as set forth on Schedule 3.10, and, only with respect to
any third party, to the Company’s knowledge, there has not occurred any event which would constitute a breach of or default in the performance of any covenant, agreement or condition contained in any Lease, nor has there occurred any event
which with the passage of time or the giving of notice or both would constitute such a breach or default, except 
  

 11 

 for breaches or defaults that are not material. There is no current or pending event or circumstance that would permit
the termination of any of the Leases or the increase of any obligations, liabilities or restrictions of the Company under the Leases, except for any rental increase as set forth in the terms of any such Lease. Except as set forth on Schedule
3.10, no construction, alteration or other leasehold improvement work with respect to any of the Leases remains to be paid for or to be performed by the Company. The Company does not have any obligations to provide deposits, letters of credit or
other credit enhancements to retain its rights under the Leases or otherwise operate its business at the Leased Real Properties except as set forth in Schedule 3.10. 
 (b) The Company presently enjoys peaceful and undisturbed possession of its Leased Real Property sufficient for current use and operations. Neither the Company nor Landlord have received written notice of any material
eminent domain, condemnation or other similar proceedings pending or threatened against the Company or Landlord with respect to, or otherwise affecting any portion of, the Leased Real Property. The current use of the Leased Real Property in the
conduct of the Company’s business does not violate any Lease. Except as set forth on Schedule 3.10, and, only with respect to any third party, to the Company’s knowledge, there is no violation of any covenant, condition,
restriction, easement or order of any governmental authority having jurisdiction over the Leased Real Property or the use or occupancy thereof, except for such violations as would not materially interfere with the continued use and operations of the
property to which they relate or materially adversely affect the value thereof for its current use. Except as set forth on Schedule 3.10, the Leased Real Property is in compliance in all material respects with all applicable building, zoning,
subdivision, health and safety and other land use and similar applicable laws, rules and regulations, permits, licenses and certificates of occupancy affecting the Leased Real Property, and neither the Company nor the Principal or Landlord have
received any notice of any violation or claimed violation by any of them of any such laws, rules and regulations with respect to the Leased Real Property which have not been resolved or for which any obligation of the Company remains to be
fulfilled, including but not limited to payments of monetary damages, fines or penalties, or completion of any remedial or corrective measures. Except as set forth on Schedule 3.10, the Leased Real Property is adequately served by proper
utilities, sufficient parking and other building services necessary for its current use and for compliance with all applicable laws, rules, regulations, permits, licenses and certificates of occupancy. 
 (c) The Principal holds all legal, equitable and beneficial interests in the Landlord. 
 3.11. Working Capital Assets. 
 (a)
All of the Company’s accounts and notes receivable represent amounts receivable for products actually delivered or services actually provided (or, in the case of non-trade accounts or notes represent amounts receivable in respect of other
bona-fide business transactions), have arisen in the ordinary course of business and have been or will be billed and are generally due within 30 days after such billing. All such accounts and notes receivable included in the Acquired Assets (the
“Acquired Receivables”) are and will be fully collectible within not more than 90 days following the Closing Date, except to the extent of a reserve in an amount not in excess of the reserve for doubtful accounts reflected on the
Balance Sheet. 
  

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 (b) Except as set forth on Schedule 3.11.1, since the Balance Sheet Date, there have not been any
write-offs as uncollectible of the Company’s accounts receivable, except for write-offs in the ordinary course of business consistent with past practice and not in excess of $10,000 in the aggregate. Schedule 3.11.2 of the Disclosure
Schedules sets forth (a) the total amount of accounts receivable of the Company outstanding as of the Balance Sheet Date and (b) the agings of such accounts receivable based on the following schedule: 0-30 days, 31-60 days, 61-90 days, and
over 90 days, from the date of invoice. 
 (c) Except as disclosed on Schedule 3.11.3, (i) all of the inventories of the Company,
including that reflected in the Balance Sheet, are valued at the lower of cost or market, the cost thereof being determined on a first-in, first-out basis, except as disclosed in the Balance Sheet; (ii) all of the inventories of the Company
reflected in the Balance Sheet and all inventories acquired since the Balance Sheet Date consist of items that are marketable and fit for their particular use, are not defective and are of a quality and quantity usable and saleable in the ordinary
course of the Company’s business within a reasonable period of time and at normal profit margins, and all of the raw materials and work in process inventory of the Company reflected on the Balance Sheet and all such inventories acquired since
the Balance Sheet Date can reasonably be expected to be consumed in the ordinary course of business within a reasonable period of time; and (iii) none of the inventory of the Company is obsolete or slow moving. 
 3.12. Patents, Trademarks, Etc. 
 (a)
Schedule 3.12.1 of the Disclosure Schedules sets forth a list of all United States or foreign patents, trademark registrations, trade names, domain name registrations, copyright registrations, and all applications therefore, owned by the
Company (the “Registered Rights”), specifying as to each such item, as applicable, the owner thereof and the jurisdiction in which the item is issued, registered or applied for, including any issuance, registration or application
numbers, and the date of application, issuance or registration of the item. Except as set forth on Schedule 3.12.2 of the Disclosure Schedules, to the Company’s knowledge (a) the Company owns or possesses adequate rights to use all
patents, trademarks, service marks, copyrights, know-how, trade secrets, product formulas, franchises, inventions, rights-to-use and other intellectual property rights (“Intellectual Property”) used or held for use by the Company,
(b) the conduct of the Company’s business as now being conducted, and the use of the Company’s Intellectual Property, does not conflict with any Intellectual Property of others, (c) no person other than the Company owns or has
any direct or indirect proprietary or financial interest in any of the Company’s owned Intellectual Property, (d) there is no contractual restriction affecting the use of the Company’s Intellectual Property, and the Company has not
given any indemnification to any Person against infringement of the Intellectual Property of others, (e) except for patent applications and trademark applications, the Registered Rights are valid and in full force and effect and not subject to
any proceeding challenging their extent or validity, (f) the Company is the applicant of record in all patent applications and applications for trademarks, and no opposition, extension of time to oppose, interference, rejection, or refusal to
register has been received in connection with any such applications, (g) none of the trade secrets, confidential know-how or other confidential or proprietary information of the Company have been disclosed to any Person unless such disclosure
was necessary and made pursuant to an appropriate confidentiality agreement, or was made pursuant to a subpoena or similar legal 
  

 13 

 process and (h) the Company is not aware of any present infringement or misappropriation of any of the Intellectual
Property owned by the Company and used in the Company’s business by any person, and the Company has not asserted or threatened any claim or objection against any person for any such infringement or misappropriation, nor is there any basis in
fact for any such objection or claim. 
 (b) The computer software used in the Company’s business is adequate for the operation of the
Company’s business. Except as set forth on Schedule 3.12.3, the Company has taken commercially reasonable steps to ensure that the computer software owned, licensed or used by them does not contain any viruses, “worms,”
disabling or malicious code, or other anomalies that would materially impair the functionality of the computer software. The Company has taken commercially reasonable steps to provide for the backup, archival and recovery of the critical business
data of the Company. 
 3.13. Contracts. Schedule 3.13.1 of the Disclosure Schedules contains a complete and accurate list of
all outstanding Contracts (classified (a) through (m), as applicable, based on the definition of Contracts set forth in Section 9.5 hereof). Each such Contract is valid, binding and enforceable against the Company and the other parties
thereto in accordance with its terms and is in full force and effect. Except as set forth in Schedule 3.13.2 of the Disclosure Schedules, the Company and, to the knowledge the Company, each of the other parties thereto, have performed in all
material respects all obligations required to be performed by them under, and are not in material default under, any of such Contracts and no event has occurred which, with notice or lapse of time, or both, would constitute such a default. The
Company has not received any written claim from any other party to any Contract that such Company has breached any obligations to be performed by it thereunder, or is otherwise in default or delinquent in performance thereunder. 
 3.14. Litigation. Except as set forth in Schedule 3.14 of the Disclosure Schedules, there is no material action, claim, suit, proceeding or
investigation in any court or before any governmental agency or authority or arbitrator (“Litigation”) pending or, to the Company’s knowledge, threatened against the Company, any of its properties or assets or (to the extent
the Company may have an obligation to provide indemnification or may otherwise become liable) any of its officers, directors or employees. Except as set forth in Schedule 3.14 of the Disclosure Schedules, the Company is not party to or bound
by any material outstanding orders, rulings, judgments, settlements, arbitration awards or decrees (or agreement entered into or any administrative, judicial or arbitration award with any governmental authority) with respect to or affecting the
Acquired Assets, personnel or business of the Company. The Company has provided Buyer with a list setting forth a general description of settlements occurring since January 1, 2004 regarding actual or threatened lawsuits (excluding
worker’s compensation claims) binding on the Company. 
 3.15. Compliance with Laws; Permits. The Company has been and is in
material compliance with all applicable federal, state, local, foreign or industry laws, rules and regulations currently in effect. To the Company’s knowledge, the Company complies with the Immigration Reform and Control Act of 1986 and the
rules and regulations thereunder regarding its responsibility to verify the identity and employment eligibility of all employees at the time they are hired or leased, and the Company uses commercially reasonable efforts to have an 
  

 14 

 employment eligibility verification process that is completed correctly by the employees responsible for that function.
Set forth on Schedule 3.15.1 of the Disclosure Schedules are all governmental or other industry permits, registrations, certificates, certifications, exemptions, licenses, approvals and authorizations necessary for the conduct of the
Company’s business as presently conducted, each of which the Company validly possesses and are in full force and effect, and each of which is and will be included in the Acquired Assets (unless such relates to an Excluded Asset) and are validly
transferred to Buyer at the Closing so as to allow Buyer after the Closing Date to continue to operate without interruption the business operated by the Company immediately prior to the Closing, except for failures to so possess, be in effect or be
so transferred to Buyer set forth on Schedule 3.15.1. Except as set forth in Schedule 3.15.2 of the Disclosure Schedules, no notice, citation, summons or order has been issued, no complaint has been filed and served, no penalty has
been assessed and notice thereof given, and no investigation or review is pending or, to the knowledge of the Company, threatened with respect to the Company, by any governmental authority with respect to any alleged (a) violation by the
Company of any law, ordinance, rule, regulation or order, or (b) failure by the Company to have any permit, registration, certificate, certification, exemption, license, approval or authorization required in connection with the conduct of or
otherwise applicable to the Company’s business. 
 3.16. Environmental Matters. Except as specifically disclosed on Schedule
3.16.1 of the Disclosure Schedules: 
 (a) The Company has conducted and is now conducting its operations in compliance in all material
respects with all Environmental Laws applicable thereto. The Company holds and has been and is in compliance in all material respects with all permits, certificates, licenses, approvals, registrations and authorizations required under Environmental
Laws for the conduct of the Company’s business as previously and currently conducted (“Environmental Permits”), all such Environmental Permits are in full force and effect, and all such Environmental Permits are and will be, to
the extent consistent with applicable law and the terms of such Environmental Permits, included in the Acquired Assets and validly transferred to Buyer at the Closing so as to allow Buyer to operate the Company’s business after the Closing Date
as the Company is currently operating such business without interruption. Schedule 3.16.2 of the Disclosure Schedules lists all Environmental Permits. 
 (b) The Company has not in the past nor does it presently use, possess, generate, treat, manufacture, process, manage, handle, store, recycle, transport or dispose of (“Manages” or
“Management,” as the context requires) Hazardous Substances in a manner which has caused, causes or threatens to cause a Release. 
 (c) The Company has not received any notice, citation, summons, order or complaint, no penalty has been assessed or is pending or, to the knowledge of the Company, threatened by any third party (including any governmental agency) with
respect to (i) the Management, Release or threatened Release of Hazardous Substances by or on behalf of the Company (or to the Company’s knowledge, any of its predecessors) or in relation to its past or present operations or with respect
to exposure to Hazardous Substances, (ii) non-compliance with Environmental Laws or (iii) failure to hold or comply with Environmental Permits. The Company has not received, and to the Company’s knowledge no one else has received, any
request for information, notice of claims, demand or other notification that the Company (or to 
  

 15 

 the Company’s knowledge, any of its predecessors) is or may be potentially responsible with respect to any
investigation, cleanup, remedial action or other response action (“Remediation”) of or with respect to Hazardous Substances. 
 (d) None of the Leased Real Properties is listed or, to the knowledge of the Company, proposed for listing on any list maintained by any governmental agency of sites requiring Remediation, and no Hazardous Substances generated or Managed by
or on behalf of the Company or, to the knowledge of the Company, has come to be located at any site identified on such list or otherwise requiring Remediation. 
 (e) To the Company’s knowledge, there are no underground storage tanks, above ground storage tanks, asbestos containing materials or PCB-containing equipment located at, on or under the Leased Real Property. Any
underground storage tanks, above ground storage tanks or wastewater treatment systems which have been removed or closed by or on behalf of the Company have been removed or closed in compliance in all material respects with applicable Environmental
Laws and require no further Remediation under Environmental Laws. 
 (f) The Company has not caused Hazardous Materials to have been
released, spilled, leaked, discharged, disposed of, pumped, poured, emitted, emptied, injected, leached, dumped or allowed to escape (“Released” or “Release,” as the context requires) or to be present in an
uncontained state at, on, about, under or from the Leased Real Properties. 
 (g) All reports of any environmental inspections,
investigations, studies, audits, tests, reviews or other analysis (in the Company’s possession or control) conducted in relation to the Company or the Leased Real Properties have been provided or made available to Buyer, and all such
environmental audits and analyses are listed on Schedule 3.16.3 of the Disclosure Schedules. 
 (h) The Company has not retained or
assumed, by contract, law or otherwise, any liability or responsibility for any environmental claims or conditions, including, but not limited to, in connection with a Release or Remediation of Hazardous Substances. 
 (i) Irrespective of any provision to the contrary contained in this Agreement, all of Company’s representations and warranties with respect to
compliance with Environmental Laws, Environmental Permits, Hazardous Substances, any Releases thereof, or other matters pertaining or relating to environmental matters are contained solely in this Section 3.16. 
 3.17. Employee Benefit Matters. 
 (a)
Schedule 3.17 of the Disclosure Schedules lists all “employee benefit plans,” as defined in Section 3(3) of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”) and all other retirement,
stock, stock option, insurance, welfare benefit, savings, deferred compensation, incentive compensation, paid time off, severance pay, salary continuation and other fringe benefit arrangements, plans, contracts, policies, or practices maintained,
contributed to, or required to be contributed by the Company or any ERISA Affiliate (as hereinafter defined) or with respect to which the Company or any ERISA Affiliate may have any liability (the “Benefit Plans”). For purposes of
this Section 3.17, the term “ERISA Affiliate” means any person, entity, trade or business (whether or not incorporated) that is treated as a single employer with the Company under Section 414 of the Code. 
  

 16 

 (b) As applicable, with respect to each of the Benefit Plans, true and complete copies of (i) all
plan documents (including all amendments and modifications thereof) and in the case of an unwritten Benefit Plan, a written description thereof, and in either case all related agreements including the trust agreement and amendments thereto,
insurance contracts, and investment management agreements; (ii) the last three filed Form 5500 series and all schedules thereto, as applicable; (iii) the current summary plan descriptions and all material modifications thereto;
(iv) the three most recent trustee reports; and (v) copies of any private letter rulings, requests and applications for determination and determination letters issued with respect to the Benefit Plans, and filings or applications under the
Employee Plans Compliance Resolution System (as set forth in Rev. Proc. 2006-27, and any successor thereto) or the Voluntary Fiduciary Correction or Delinquent Filer Voluntary Compliance programs with respect to the Benefit Plans, in each case made
or issued within the past five years, have been delivered to Buyer. 
 (c) The Company and each ERISA Affiliate are in compliance in all
material respects with the provisions of ERISA and the Code applicable to the Benefit Plans (including, without limitation, with respect to each Benefit Plan that is a group health plan within the meaning of section 5000(b)(1) of the Code, the
notice and continuation coverage requirements of section 4980B of the Code and the regulations thereunder and the applicable provisions of the Health Insurance Portability and Accountability Act of 1996 and the regulations issued thereunder). Each
Benefit Plan has been maintained, operated and administered in compliance in all material respects with its terms and any related documents or agreements and the applicable provisions of ERISA and the Code. 
 (d) No Benefit Plan is (or at any time has been) subject to Title IV of ERISA and no Benefit Plan is (or at any time has been) a “multiemployer
plan” as defined in Section 3(37) of ERISA, and neither the Company nor any ERISA Affiliate has incurred any withdrawal liability with respect to any multiemployer plan. 
 (e) All Benefit Plans which are “employee pension benefit plans” within the meaning of Section 3(2) of ERISA and which are intended to
meet the qualification requirements of Section 401(a) of the Code (each a “Pension Plan”) have received a determination letter from the IRS or can rely on an opinion letter regarding its tax-qualified status, and have at all
times met and currently meet the qualification requirements of Section 401(a) of the Code, and each related trust has been and currently is exempt from taxation under Section 501(a) of the Code. 
 (f) There are no pending audits or investigations by any governmental agency involving the Benefit Plans, and no threatened or pending claims (except for
individual claims for benefits payable in the normal operation of the Benefit Plans), suits or proceedings involving any Benefit Plan, any fiduciary thereof or service provider thereto, nor to the knowledge of the Company is there any reasonable
basis for any such claim, suit or proceeding. 
 (g) Any insurance premium under any insurance policy related to a Benefit Plan for any
period up to and including the Closing Date has been paid, or accrued and booked on or before the Closing Date, and, with respect to any such insurance policy or premium payment obligation, neither the Company nor any ERISA Affiliate is subject to a
retroactive rate adjustment, loss sharing arrangement or other actual or contingent liability. 
  

 17 

 (h) Neither the Benefit Plans, any trusts created thereunder, the Company, any ERISA Affiliate, nor any
employee of the foregoing, nor, to the best of the Company’s knowledge, any trustee, administrator or other fiduciary thereof, has engaged in a “prohibited transaction” (as such term is defined in section 4975 of the Code or section
406 of ERISA) or any other activity that could subject any thereof to any tax or penalty (including without limitation, the taxes or penalties on prohibited transactions imposed by Code section 4975) or any sanctions imposed under Title I of ERISA.

 (i) No Benefit Plan provides benefits, including, without limitation, death or medical benefits, beyond termination of service or
retirement other than (i) coverage mandated by law or (ii) death or retirement benefits under a Benefit Plan qualified under Section 401(a) of the Code. Neither the Company nor any ERISA Affiliate has made a written or oral
representation to any current or former employee promising or guaranteeing any employer paid continuation of medical, dental, life or disability coverage for any period of time beyond retirement or termination of employment. 
 (j) No payment which is or may be made by, from or with respect to any Benefit Plan, to any employee, former employee, director or agent of the Company
or any ERISA Affiliate, either alone or in conjunction with any other payment, event or occurrence, will or could properly be characterized as an “excess parachute payment” under section 280G of the Code (or any corresponding provision of
state, local or foreign Tax law). 
 (k) To the extent that any Benefit Plan constitutes a “non-qualified deferred compensation
plan” within the meaning of Section 409A of the Code, such Benefit Plan has been operated in good faith compliance with Section 409A of the Code. 
 (l) No awards (and no agreement or promise by the Company to make awards) under any Benefit Plan that provides for the granting of equity, equity-based rights, equity derivatives or options to purchase equity
(“Equity Plans”) have been backdated awards or awards granted with an effective grant date that is other than the date on which the committee or other administrator of such Equity Plans having authority thereunder to make such
awards, (a) has taken all necessary corporate action to complete such awards (unless such committee or other administrator has specified a future grant date on the date it so acts and such action has been (or will be) completed prior to such
future grant date), and (b) has timely communicated all of the terms of the awards to the recipients in accordance with the Company’s customary human resource practices and applicable accounting standards. In addition, no awards made under
the Equity Plans have been (or will be) altered in manner that would result in or have the effect of failing to comply with the foregoing sentence. 
 (m) The Company and each ERISA Affiliate have properly classified for all purposes (including, without limitation, eligibility to participate in any Benefit Plan and federal tax withholding) all individuals providing services to the Company
or such ERISA Affiliate as an employee, leased employee, consultant or independent contractor. 
  

 18 

 3.18. Taxes. 
 (a) Except as set forth in Schedule 3.18.1 of the Disclosure Schedules, (i) the Company has timely filed or caused to be filed with the appropriate federal, state, local, and foreign governmental entity or
other authority (individually or collectively, “Taxing Authority”) all Tax Returns (as defined in Section 3.18(b) hereof) required to be filed with respect to the Company and has timely paid or remitted in full or caused to be
paid or remitted in full all Taxes (as defined in Section 3.18(b) hereof) required to be paid with respect to the Company; (ii) all Tax Returns are true, correct and complete in all material respects; and (iii) there are no liens for
Taxes upon the Company or its assets, except liens for current Taxes not yet due and payable. Except as set forth on Schedule 3.18.2 of the Disclosure Schedules, the Company has not granted any waiver of any statute of limitations with
respect to, or any extension of a period for the assessment of, any Taxes. 
 (b) As used in this Agreement: (i) “Tax”
means any of the Taxes, where “Taxes” means all income taxes (including any tax on or based upon net income, or gross income, or income as specially defined, or earnings, or profits, or selected items of income, earnings, or profits) and
all gross receipts, estimated, sales, use, ad valorem, transfer, franchise, license, withholding, payroll, employment, excise, severance, stamp, occupation, premium, property, or windfall profit taxes, unpaid property taxes, service taxes or fees,
environment, alternative, or add-on minimum taxes, custom duties or other taxes, fees, assessments, or charges of any kind whatsoever, together with any interest and any penalties, additions to tax or additional amounts imposed by any Taxing
Authority on or with respect to the Company or its properties or assets, and (ii) “Tax Return” means any return, report, information return or other document (including any related or supporting information or any amended
return) filed or required to be filed with any Taxing Authority or other authority in connection with the determination, assessment, or collection of any Tax paid or payable by or with respect to the Company or its properties or assets or the
administration of any laws, regulations, or administrative requirements relating to any such Tax. 
 (c) Except as set forth on Schedule
3.18.3 of the Disclosure Schedules, there is no action, suit, proceeding, investigation, audit, claim, assessment or judgment now pending against the Company, or the Principal with respect to the Principal’s ownership of the Company, in
respect of any Tax, and no notification of an intention to examine, request for information related to Tax matters or notice of deficiency or proposed adjustment for any amount of Tax (other than in the normal cycle for the reassessments of real
property taxes) has been received by the Company or the Principal with respect to the Principal’s ownership of the Company from any Taxing Authority. No Taxing Authority with which the Company does not file Tax Returns has claimed that the
Company is or may be subject to taxation by that Taxing Authority. 
 (d) Groundmasters and its stockholders properly elected that
Groundmasters be taxed as an S corporation within the meaning of Section 1361(a)(1) of the Code (an “S Corporation”) for federal income tax purposes and under analogous provisions of the income tax laws of each state in which it does
business (collectively, the “S Elections”) effective since January 1, 1997; Groundmasters has not revoked any of its S Elections; and Groundmasters has properly qualified as an S Corporation for federal and all applicable state tax
purposes at all times thereafter. The GM Subsidiary has never elected to be treated as an association taxable as a corporation for Tax purposes, or taken any other action that could cause it to be taxed as a corporation. 
  

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 (e) None of the Acquired Assets is an interest in an entity treated as a corporation or partnership for
Tax purposes. 
 3.19. Consents. Except as set forth on Schedule 3.19 of the Disclosure Schedules, no consent, approval, or
authorization of, or exemption by, or filing with, any governmental authority or third party is required to be obtained or made by the Company in connection with the execution, delivery, and performance by the Principal or the Company of this
Agreement, or any Ancillary Agreement to which the Principal or the Company is a party or the taking by the Company of any other action contemplated hereby or thereby or the continuation by Buyer after the Closing of the business of the Company
conducted prior to the Closing. 
 3.20. Employee Relations. 
 (a) The Company is not: (i) a party to or otherwise bound by any collective bargaining or other type of union agreement, (ii) a party to,
involved in or, to the knowledge of the Company, threatened by, any material labor dispute or material unfair labor practice charge, or (iii) currently negotiating any collective bargaining agreement, and the Company has not experienced any
work stoppage during the last three (3) years. 
 (b) The Company has been and is in compliance in all material respects with all
applicable laws respecting employment and employment practices, terms and conditions of employment and wages and hours, unemployment insurance, worker’s compensation, equal employment opportunity, employment discrimination and immigration
control. Except as disclosed on Schedule 3.20 of the Disclosure Schedules and except for any non-compliance or practices arising in the ordinary course which are immaterial, to the Company’s knowledge, there are no outstanding claims
against the Company (whether under regulation, contract, policy or otherwise), asserted by or on behalf of any present or former employee or job applicant of the Company on account of or for (i) overtime pay, other than overtime pay for work
done in the current payroll period, (ii) wages or salary for a period other than the current payroll period, (iii) any amount of vacation pay or pay in lieu of vacation time off, other than vacation time off or pay in lieu thereof earned
in or in respect of the current fiscal year, (iv) any amount of severance pay or similar benefits, (v) unemployment insurance benefits, (vi) workers’ compensation or disability benefits, (vii) any violation of any statute,
ordinance, order, rule or regulation relating to employment terminations or layoffs, (viii) any violation of any statute, ordinance, order, rule or regulation relating to employee “whistleblower” or “right-to-know” rights
and protections, (ix) any violation of any statute, ordinance, order, rule or regulations relating to the employment obligations of federal contractors or subcontractors or (x) any violation of any regulation relating to minimum wages or
maximum hours of work, and the Company has no knowledge of any such claims which have not been asserted. To the Company’s knowledge, no person (including any governmental body) has asserted or threatened any claims against the Company under or
arising out of any regulation relating to discrimination or occupational safety in employment or employment practices. 
  

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 3.21. Transactions with Related Parties. Except as described in Schedule 3.21 of the
Disclosure Schedules, since January 1, 2003, no stockholder, officer or director of the Company, nor any person under the control of an affiliate or associate of any such person, has or has had: 
 (a) any contractual or other claims, express or implied, of any kind whatsoever against the Company; 
 (b) any interest in any property or assets used by the Company; 
 (c) any direct or indirect ownership or other interest in any competitor of the Company; or 
 (d) engaged in
any other transaction with the Company (other than employment relationships at the salaries disclosed in the Disclosure Schedules and cash dividends and distributions in respect of shares of capital stock of the Company to the Principal).

 No stockholder or person under the control of the Principal, or other affiliate of the Principal, has outstanding any loan, guarantee or other obligation
of borrowed money made to or from the Company. 
 3.22. Insurance. 
 (a) The Company maintains, with financially sound and reputable insurers, insurance with respect to its properties and business against loss or damages of
the kinds customarily insured against by companies of established reputation engaged in the same or similar businesses as the Company (including potential losses or damages resulting from the use of the Company’s products in the transportation
of Hazardous Substances), in such amounts that are commercially reasonable and customarily carried under similar circumstances by such other companies. 
 (b) Schedule 3.22.1 of the Disclosure Schedules contains a complete and correct list of all policies and contracts for insurance (including coverage amounts and expiration dates) of which the Company is the
owner, insured or beneficiary, or covering its respective properties or assets. All such policies are outstanding and in full force and effect. There is no default with respect to any provision contained in any such policy, nor has there been any
failure to give any notice or present any claim under any such policy in a timely fashion or in the manner or detail required by the policy. Except as set forth on Schedule 3.22.2 of the Disclosure Schedules: (a) all of such coverages
are provided on an “occurrence” (as opposed to “claims made”) basis; (b) there are no outstanding claims under such policies; (c) there are no premiums or claims due under such policies which remain unpaid; (d) in
the past three years, no notice of cancellation or non-renewal with respect to, or disallowance (other than reservation of rights by the insurer) of any material claim under, any such policy has been received; and (e) the Company has not been
refused any insurance, nor have any of its coverages been limited by any insurance carrier to which it has applied for insurance or with which has carried insurance during the last three years. 
  

 21 

 3.23. Brokers. Except as set forth on Schedule 3.23, the Company has not retained any
broker, finder or investment banking firm to act on their behalf in connection with the transactions contemplated by this Agreement or the Ancillary Agreements and, to the knowledge of the Company, no other person is entitled to receive any
brokerage commission, finder’s fee or other similar compensation in connection with the transactions contemplated by this Agreement. 
 3.24. Compensation Arrangements; Officers and Directors. Schedule 3.24 of the Disclosure Schedules sets forth (a) the names, titles and current annual salary and any bonus, if applicable, of all present directors,
officers, employees, consultants and agents of the Company whose rate of annual compensation, including any promised, expected or customary bonus, equals or exceeds $100,000, together with a statement of the full amount of all remuneration paid by
the Company to each such person and to any director of the Company, during the twelve (12)-month period ending December 31, 2005 and (b) the names and titles of all directors and officers of the Company and of each trustee, fiduciary or
plan administrators of each Benefit Plan of the Company. 
 3.25. Relationship with Significant Customers. The Company has not
received any written or oral communication or notice from any Significant Customer stating that such Significant Customer, or, to the Company’s knowledge, knows of any reason why such Significant Customer (except in connection with the
termination of outstanding jobs upon their completion in the ordinary course or the expiration of existing contracts in accordance with their terms) (a) has ceased, or will cease, to use the products or services of the Company, (b) has
substantially reduced, or will substantially reduce, the use of such products or services at any time or (c) will otherwise materially and adversely modify its business relationship with the Company. “Significant Customer”
means any customer, or group of affiliated customers with whom the Company has annual contract(s) for services in excess of, or to whom the Company has made sales in excess of, $25,000 since January 1, 2006. 
 3.26. Warranty. Except as disclosed on Schedule 3.26 of the Disclosure Schedules, there are no liabilities of the Company, fixed or
contingent, asserted or, to the knowledge of the Company, unasserted, with respect to any claim for the breach of any express or implied product warranty or any other similar claim with respect to any services provided by the Company on or prior to
the Closing Date, other than standard warranty obligations in the ordinary course of the conduct of the business of the Company, none of which involves a claim for money, property or services in excess of the amounts specifically reserved therefor
on the Balance Sheet. 
 3.27. Close Corporation and Escrow Agreement. The Close Corporation and Escrow Agreement, dated
January 1, 1993, by and among Groundmasters, the Principal, Gary Kuykendall (the “Former Stockholder”) and John J. Kropp, as escrow agent, has been terminated and all Obligations (as defined therein) have been satisfied so
that, among other things, the Former Stockholder no longer has a right of first refusal pursuant to Section 6.13 therein. 
 3.28. Disclosure. No representation or warranty by the Company in this Agreement, and no Ancillary Agreement, exhibit, document, statement, certificate or schedule furnished or to be furnished to Buyer pursuant hereto, or in
connection with the transactions 
  

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 contemplated hereby or thereby, contains or will contain any untrue statement of a material fact or fails to state a fact
necessary to make the statements made therein correct in all material respects. 
 ARTICLE IV 
 REPRESENTATIONS AND WARRANTIES OF BUYER AND PARENT 
 Buyer and Parent hereby represent and warrant to the Company as follows: 
 4.1. Organization. Buyer is
a limited liability company, Parent is a corporation and each are duly organized, validly existing, and in good standing under the laws of the State of Delaware, and each has all requisite corporate power and authority to carry on its respective
business as such business is now being conducted, and to execute, deliver, and perform this Agreement and each Ancillary Agreement to which it is a party, and to consummate the transactions contemplated hereby and thereby. True and complete copies
of the articles of incorporation, bylaws or other similar organizational documents of Buyer and Parent, all as amended to date, have been previously delivered to the Company. 
 4.2. Authority. The execution, delivery, and performance by Buyer and Parent of this Agreement, and each Ancillary Agreement to which it is a
party, and the consummation by Buyer and Parent of the transactions contemplated hereby and thereby have been duly authorized by all necessary corporate action on the part of Buyer and Parent. This Agreement has been, and each Ancillary Agreement to
which Buyer or Parent is a party will be, duly and validly executed and delivered by it and constitutes, or will constitute, the valid and binding obligation of Buyer and/or Parent, as the case may be, enforceable against such party in accordance
with its terms. 
 4.3. No Conflict. The execution, delivery, and performance by Buyer and Parent of this Agreement and each Ancillary
Agreement to which it is a party, and the consummation by Buyer and Parent of the transactions contemplated hereby and thereby, does not and will not, with or without the giving of notice or the lapse of time, or both, (i) violate any provision
of law, rule, or regulation to which Buyer or Parent is subject, (ii) violate any order, judgment, or decree applicable to Buyer or Parent, (iii) violate any provision of the articles of incorporation, bylaws or other corporate governance
documents of Buyer or Parent or (iv) violate or result in a breach of or constitute a default (or an event which might, with the passage of time or the giving of notice, or both, constitute a default) under, or require the consent of any third
party under, or result in or permit the termination or amendment of any provision of, or result in or permit the acceleration of the maturity or cancellation of performance of any obligation under, or result in the creation or imposition of any
Encumbrance of any nature whatsoever upon any assets or property or give to others any interests or rights therein under any indenture, deed of trust, mortgage, loan or credit agreement, license, permit, contract, lease, or other agreement,
instrument or commitment to which Buyer or Parent is a party or by which it may be bound or affected; except, in each case, for violations, breaches, defaults, required consents, terminations, accelerations, Encumbrances or rights that in the
aggregate would not materially hinder or impair the ability of Buyer or Parent to perform its obligations hereunder or the consummation of the transactions contemplated hereby. 
  

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 4.4. Consents. Except as set forth on Schedule 4.4 hereof, no consent, approval, or
authorization of, or exemption by, or filing with, any governmental authority is required to be obtained or made by Buyer or Parent in connection with the execution, delivery and performance by Buyer or Parent of this Agreement or any Ancillary
Agreement to which Buyer or Parent is a party or the taking by Buyer or Parent of any other action contemplated hereby or thereby. 
 4.5.
Brokers. Neither Buyer nor Parent has retained any broker, finder or investment banking firm to act on its or their behalf in connection with the transactions contemplated by this Agreement. 
 ARTICLE V 
 COVENANTS 
 5.1. Name Change. Immediately after Closing, the Principal will cause Groundmasters to change its legal name to “Midwest Grounds Resource,
Inc. and the GM Subsidiary to change its legal name to a name that is not confusingly similar to “Groundmasters, LLC” or any derivation thereof. 
 5.2. Confidentiality. The Company shall, and shall cause its affiliates and representatives to, keep confidential and not disclose to any other person or entity (other than Buyer) or use for his or its own
benefit or the benefit of any other person or entity any confidential proprietary information, technology, know-how, trade secrets (including all results of research and development), product formulas, industrial designs, franchises, inventions or
other intellectual property regarding Buyer or the Acquired Assets or the business and operations of the Company prior to Closing (“Confidential Information”) in its possession or control. The obligations of the Company under this
Section 5.2 shall not apply to Confidential Information which (i) is or becomes generally available to the public without breach of the commitment provided for in this Section; or (ii) is required to be disclosed by law, order or
regulation of a court or tribunal or governmental authority; provided, however, that, in any such case, the Company shall notify Buyer as early as reasonably practicable prior to disclosure, unless prohibited by law, rule or regulation of a court,
tribunal or governmental authority, to allow Buyer to take appropriate measures to preserve the confidentiality of such Confidential Information. 
 5.3. Non-Compete. 
 (a) During the period beginning on the Closing Date and ending on the later of (i) the fifth (5th)
anniversary of the Closing Date and (ii) two years following the date of termination of any employment of the Principal with Buyer or Parent (the “Non-Compete Period”), the Company and the Principal covenant and agree not to, and
shall cause their affiliates not to, directly or indirectly and anywhere in the Non-Compete Territory, conduct, manage, operate, engage in, have an ownership interest in any business or enterprise engaged in 
  

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 (i) providing and/or selling (v) landscape maintenance services (including enhancements and work orders for such
services), (w) landscape design and build services (e.g. construction), (x) snow and ice removal services (including sanding and salting), (y) irrigation installation and maintenance services and (z) chemical application services
for lawn and plant care, (ii) any business that uses any trademark, tradenames or slogans similar to the “Groundmasters” trademarks, tradenames or slogans, or (iii) any activities that are otherwise competitive with the business
of the Company or Buyer as conducted as of the Closing Date or as of any termination of the Principal’s employment with Buyer (collectively, the “Business”). The term “Non-Compete Territory” as used herein
means the states of Ohio, Kentucky and Indiana and any other state in which the Principal has accepted management responsibility after the Closing. 
 (b) During the Non-Compete Period, the Company and the Principal shall not, and shall cause their affiliates not to, directly or indirectly, call on, solicit or induce, or attempt to solicit or induce, any past, present or prospective
customer of Buyer or the Company for the provision of products or services related to the Business or in any other manner that would otherwise interfere with business relationship between Buyer and its customers. 
 (c) During the Non-Compete Period, the Company and the Principal shall not, and shall cause their affiliates not to, directly or indirectly, call-on,
solicit or induce, or attempt to solicit or induce, any employee or staff of Buyer to leave the employ of Buyer for any reason whatsoever, nor shall the Principal or the Company offer or provide employment (whether such employment is for the
Principal or the Company or any other business or enterprise), either on a full-time basis or part-time or consulting basis, to any person who then currently is, or who within six months immediately prior thereto was, an employee of or staffed with
Buyer or the Company. 
 (d) The Company and the Principal acknowledge and agree that the provisions of this Section 5.3 are reasonable
and necessary to protect the legitimate business interests of Buyer and its investment in the Acquired Assets. Neither the Company nor the Principal shall contest that Buyer’s remedies at law for any breach or threat of breach by the Company or
the Principal or any of their affiliates of the provisions of this Section 5.3 will be inadequate, and that Buyer shall be entitled to an injunction or injunctions to prevent breaches of the provisions of this Section 5.3 and to enforce
specifically such terms and provisions, in addition to any other remedy to which Buyer may be entitled at law or equity. 
 (e) If any of the
provisions contained in this Section 5.3 shall for any reason be held to be excessively broad as to duration, scope, activity or subject, then such provision shall be construed by limiting and reducing it, so as to be valid and enforceable to
the extent compatible with the applicable law or the determination by a court of competent jurisdiction. 
 5.4. Further Assurances.

 (a) From time to time after the Closing, Buyer shall, at the request of the Company, execute and deliver any further instruments or
documents and take all such further action as the Company may reasonably request in order to evidence the consummation of the transactions contemplated hereby. From time to time after the Closing, the Company shall, at the request of Buyer, execute
and deliver any further instruments or documents and take all such further action as Buyer may reasonably request in order to evidence the consummation of the transactions contemplated hereby. 
  

 25 

 (b) After the Closing, the Company shall promptly transfer or deliver to Buyer cash, checks (which shall
be properly endorsed) or other property that the Company may receive in respect of any deposit, prepaid expense, receivable or other item that constitutes part of the Acquired Assets or relates to the Assumed Liabilities. After the Closing, Buyer
shall promptly transfer or deliver to the Company cash, checks (which shall be properly endorsed) or other property that Buyer may receive in respect of any item that is an Excluded Asset or relates to the Excluded Liabilities. 
 5.5. Employee Matters. 
 (a) Effective
on or before the Closing Date, the Company shall cause the Employee Leasing Agreement to be terminated and Buyer shall enter into an employee leasing arrangement to cover the period between the Closing Date and December 31, 2006. 
 (b) Schedule 5.5(b)(i) contains a list of all individuals providing services to the Company as either common law employees or leased employees
(including any individual absent due to short-term disability, family or medical leave, military leave or other approved absence) identified by name, title, geographic location and status (e.g., leased, disability, temporary, part-time, etc.) (the
“Employees”). The parties acknowledge and agree that Buyer shall have the right (but not the obligation) to interview and to elect which of the Employees, if any, of the Company that it will hire. In that regard, consistent with
applicable law, the Company shall provide Buyer access to its personnel records and personnel files, and shall provide such other information regarding the Company’s employees (consistent with applicable law) as Buyer may reasonably request.
Buyer shall have the sole and exclusive right to establish the wage, any other compensation and all other terms and conditions of employment of any person hired by Buyer. All employees of Company who are offered and accept employment with Buyer
shall be considered terminated employees of Company and, to the extent reflected on the Balance Sheet, shall be entitled to receive from Buyer credit for any accrued vacation days, sick days, personal days, paid time off or other such days.

 (c) With respect to the insurance contracts and policies specifically identified on Schedule 5.5(c)(i) (the “Assumed
Benefit Contracts”), Buyer and the Company shall take such actions as are necessary and reasonably requested by the other party to cause the Assumed Benefit Contracts to be assigned to and assumed by Buyer effective as of the Closing;
provided, however, that Buyer shall not be assuming any Benefit Plan related to any Assumed Benefit Contract nor shall Buyer be assuming or be responsible for any liabilities, obligations, debts or claims arising with respect to or in connection
with such Assumed Benefit Contracts to the extent such liabilities, obligations, debts or claims arose prior to Closing or with respect to any Employee or former Employee of the Company who does not become employed by Buyer pursuant to
Section 5.5(b) (except to cause payment for any claim appropriately covered by an Assumed Benefit Contract). Notwithstanding anything herein to the contrary, Buyer acknowledges and agrees that Buyer, and not the Company, shall be
responsible for making COBRA continuation coverage (as described in Section 601 of ERISA) available to all persons who are classified as M & A qualified beneficiaries (as such term is defined in Treasury 
  

 26 

 Regulation Section 54.4980B-9) as a result of the sale contemplated by this Agreement. For the avoidance of doubt,
Buyer shall not assume the Groundmaster Retirement Savings Plan or the related trust thereunder (the “401(k) Plan”) or the Company’s Flexible Spending Account Plan (“FSA Plan”) or any of the FSA Plan
participant’s accounts thereunder. 
 (d) Notwithstanding anything herein to the contrary, neither Buyer nor its affiliates shall be
required to take any actions that would result in duplication of benefits with respect to any Employee. All Employees of the Company who are hired by Buyer and who are eligible to participate in the Company’s 401(k) Plan shall be eligible to
become participants in a 401(k) plan maintained by the Buyer in accordance with its terms on or before January 2, 2007. Buyer shall take all action necessary to cause Buyer’s 401(k) plan to accept direct rollovers of the account balances
(including the rollover of any promissory notes related to outstanding plan loans from the Company’s 401(k) Plan) distributed from Company’s 401(k) Plan to employees who become participants in the Buyer’s 401(k) plan. Prior service
with the Company shall be recognized as service for eligibility and vesting purposes under Buyer’s 401(k) plan to the same extent such service is recognized under the Company’s 401(k) Plan. Effective immediately after the Closing, Buyer
shall provide to all Employees of the Company who are hired by the Buyer substantially similar compensation and benefit arrangements, plans, practices, policies and programs as those provided by Buyer to similarly situated employees of Buyer. Each
Employee of the Company that becomes a participant in any employee benefit plan, practice or policy of Buyer shall be given credit under such benefit plans, practices or policies, including without limitation any disability benefits, severance
benefits and vacation benefits, for all service prior to Closing with the Company, for all purposes (including eligibility, vesting and determination of benefits) for which such service is either taken into account or recognized under comparable
plans, practices and policies of Buyer. Except as specifically provided in this Section 5.5, nothing in this Agreement shall (i) prohibit any amendments to or terminations of any benefit plans, (ii) prohibit the amendment of
any benefit plan that is required by law, (iii) prohibit the Buyer from altering the contribution required by any employee or former employee with respect to any benefit plan, or (iv) prohibit the termination or change in terms of
employment of any Employee. Nothing herein, expressed or implied, shall confer upon any Employee or former Employee, any rights or remedies (including any right to employment or continued employment for any specified period) of any nature or kind
whatsoever, under or by reason of this Agreement. 
 (e) Buyer shall be responsible for complying with the Worker Adjustment and Retraining
Notification Act (the “WARN Act”) or similar state or local legal requirement, if applicable. Any liability under the WARN Act, or any similar state or local legal requirement, that may result from an “Employment Loss,” as
defined by 29 U.S.C. sect. 2101(a)(6), caused by Buyer’s decision not to hire previous employees of the Company shall be the responsibility of the Buyer. Buyer shall be responsible for any and all payments, if any, to employees required under
the WARN Act or any similar state or local legal requirement. 
 (f) The Company agrees to, and the Principal shall cause the Company to, pay
the bonus payments under the Groundmasters, Inc. Profit Sharing Plan, consistent with historical practice, in an amount no less than $500,000 relating to the fiscal year ending December 31, 2006 (regardless of any termination of employment
pursuant to Section 5.5(b)) payable to the Company’s employees who are employees of the Company immediately prior to the Closing and otherwise eligible for bonus payments pursuant to the Groundmasters, Inc. Profit Sharing Plan as it exists
immediately prior to the Closing. 
  

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 5.6. Real Property Leases. At the Closing, (i) the Affiliate Leases shall be deemed
terminated as of the Closing Date, (ii) Buyer shall, and the Principal shall cause Landlord to, enter into (a) five lease agreements, each between Buyer and Landlord, in the form attached hereto as Exhibit C (the “Real
Property Leases”) and (b) lease and sublease agreements between Buyer and Landlord in the form attached hereto as Exhibit D (the “Lebanon Documents”) and (iii) the Principal shall cause Landlord to enter
into such other agreements as are necessary or appropriate for Buyer to consummate the transactions contemplated by this Agreement and for Buyer to lease or sublease all the Leased Real Property which is the subject of the Affiliate Leases from
Landlord, including any landlord waivers as may be required by Buyer’s financing sources. 
 5.7. Bulk Sales Laws. Buyer hereby
waives compliance by the Company with the provisions of the “bulk sales” or similar laws of any state. The Company agrees to indemnify Buyer and hold it harmless from any and all loss, cost, damage and expense (including but not limited
to, reasonable attorney’s fees) sustained by Buyer as a result of any failure of the Company to comply with any “bulk sales” or similar laws. 
 5.8. Insurance Policies. The Company has designated Buyer as an additional insured party under all of the Company’s insurance policies listed on Schedule 3.22.1 and those policies designated with an
asterisk (*) on Schedule 3.17. 
 ARTICLE VI 
 TAX MATTERS 
 6.1. Allocation. Within sixty (60) days following the Closing Date, Buyer
shall prepare and deliver to the Company a proposed allocation (“Allocation”) of the Aggregate Purchase Price among the Acquired Assets sold by the Company (and the non-competition agreement described in Section 5.3) in a
manner that is consistent with the principles of Section 1060 of the Code. The Company and Buyer will use good faith efforts to mutually agree on the Allocation. If the Company and Buyer do not mutually agree on the Allocation within thirty
days after Buyer delivers the proposed Allocation, the parties shall submit any disputes to American Appraisal Associates or a third party appraisal firm of national or regional repute as may be reasonably agreed by the parties, whose determination
of the Allocation shall be binding on all parties hereto and any and all fees associated with such dispute resolution shall be split equally between the Company and Buyer. The Company and Buyer agree to report, pursuant to Section 1060 of the
Code and the regulations promulgated thereunder or any other similar provision under state, local or foreign law, as and when required, the Allocation of the Aggregate Purchase Price among the Acquired Assets in a manner consistent with such
Allocation in the preparation and filing of all Tax Returns (including IRS Form 8594). 
 6.2. Transfer Taxes. Sales taxes, transfer
taxes, stamp taxes, conveyance taxes, intangible taxes, documentary recording taxes, license and registration fees, recording fees and any similar taxes or fees imposed by any governmental authority, if any, imposed upon the transfer of the Acquired
Assets hereunder and the filing of any instruments (the “Transfer  
  

 28 

 Taxes”) in an amount up to $200,000 shall be borne equally by the Company and Buyer and Buyer shall pay any
Transfer Taxes in excess thereof. Buyer and the Company shall cooperate with each other in any mutually agreeable, reasonable and lawful arrangement designed to minimize any applicable Transfer Taxes. 
 6.3. Wage Reporting. Buyer and the Company agree to utilize the standard procedure set forth in Revenue Procedure 2004-53 with respect to wage
reporting (other than with respect to Employees leased pursuant to the Employee Leasing Agreement, whose wages shall continue to be reported through December 31, 2006 as contemplated by the Employee Leasing Agreement). 
 6.4. Cooperation on Tax Matters. Buyer and the Company agree to furnish or cause to be furnished to each other, upon request, as promptly as is
practicable, such information and assistance relating to the Company and the Acquired Assets (including without limitation access to books and records) as is reasonably necessary for the filing of all Tax returns, the making of any election relating
to Taxes, the preparation for any audit by any governmental authority, and the prosecution or defense of any claim, suit or proceeding relating to any Tax. Buyer and the Company shall retain all books and records with respect to Taxes for any period
up to and including the Closing Date, pertaining to the Company and the Acquired Assets, for at least 7 years following the Closing Date. At the end of such period, each party shall provide the others with at least 30 days prior written notice
before destroying such books and records, during which period the party receiving such notice can elect to take possession, at its own expense, of such books and records. 
 ARTICLE VII 
 SURVIVAL AND INDEMNIFICATION 
 7.1. Survival. The representations, warranties, covenants and agreements under this Agreement or in any statement or certificate furnished or to
be furnished pursuant hereto or in connection with the transactions contemplated hereby (other than covenants and agreements to be performed after the Closing which shall survive indefinitely) shall survive until 15 months following the Closing Date
(the “Survival Period”) and no action or claim for Losses (as hereinafter defined) resulting from any misrepresentation or breach of warranty or breach of any covenant or agreement (other than covenants and agreements to be
performed after the Closing for which actions and claims shall survive until the running of the applicable statute of limitations) shall be brought or made after the Survival Period, except that such time limitation shall not apply to: 

(a) claims for misrepresentations and breach of warranties relating to Sections 3.1 and 4.1 hereof (Organization), Sections 3.2 and 4.2 hereof
(Authority), Section 3.4 hereof (Capitalization), Section 3.5 (Subsidiaries) or Section 3.8(a) (Title), all of which may be asserted without limitation; 
 (b) claims for misrepresentations and breach of warranties relating to: (i) Section 3.16 hereof (Environmental Matters) shall survive for 48 months following the Closing Date and (ii) Section 3.18
hereof (Taxes) shall survive until thirty (30) days after the running of the applicable statute of limitations (giving effect to any waiver or extension thereof); and 
  

 29 

 (c) claims for breaches of representations, warranties, covenants and agreements that are brought under
this Agreement by delivery of a written notice describing in reasonable detail the nature and basis of such claim if such notice is given on or prior to the last day of the applicable survival period for such representation, warranty, covenant or
agreement. In the event such notice is given, the right to indemnification with respect thereto shall survive the applicable survival period until such claim is finally resolved and any obligations thereto are fully satisfied. 
 7.2. General Indemnification. (a) Subject to Section 7.1 of this Agreement, the Company and the Principal, jointly and severally,
shall indemnify and defend Buyer and its directors, officers, affiliates, employees, agents and representatives, and shall hold each of them harmless from and against all Losses that are incurred or suffered by any of them in connection with or
resulting from: 
 (i) any misrepresentation or breach of, or inaccuracy in, any representation or warranty made by the Company in this
Agreement, any Ancillary Agreement or any schedule or Disclosure Schedule furnished or to be furnished to Buyer in connection with or as contemplated by this Agreement; 
 (ii) any breach of any covenant made by the Company or the Principal in this Agreement, any Ancillary Agreement or any schedule or Disclosure Schedule furnished or to be furnished to Buyer in connection with or as
contemplated by this Agreement; and 
 (iii) any Excluded Liability. 
 (b) Subject to Section 7.1 of this Agreement, Buyer shall indemnify the Company and the Principal and their directors, officers, affiliates,
employees, agents and representatives, and shall hold each of them harmless from and against all Losses that are incurred or suffered by any of them in connection with or resulting from: 
 (i) any misrepresentation or breach of any representation or warranty made by Buyer in this Agreement, any Ancillary Agreement or any schedule furnished
or to be furnished to the Company in connection with or as contemplated by this Agreement; 
 (ii) any breach of any covenant made by Buyer
in this Agreement, any Ancillary Agreement or any schedule furnished or to be furnished to the Company in connection with or as contemplated by this Agreement; and 
 (iii) the Assumed Liabilities and liabilities related to Buyer’s operation and ownership of the Acquired Assets arising after the Closing other than any Excluded Liability. 
 (c) Notwithstanding the foregoing, (i) neither the Company nor the Principal shall be obligated to provide any such indemnification for Losses
pursuant to claims under Section 7.2(a)(i) hereof, and (ii) Buyer shall not be obligated to provide any such indemnification for Losses pursuant to claims under Section 7.2(b)(i) hereof, unless the aggregate amount that the Company,
the Principal or Buyer, as applicable, are entitled to recover in respect of all such claims exceeds $500,000.00 (the “Threshold”), in which case the Indemnitor will be liable only for the amount of such Losses in excess of the
Threshold; provided, however, that the Threshold 
  

 30 

 shall not apply to Losses arising in respect of claims for misrepresentations and breach of warranties relating to the
first two sentences in Sections 3.1 and 4.1 hereof (Organization), Sections 3.2 and 4.2 hereof (Authority), or Section 3.8(a) (Title), all of which may be asserted without limitation. The maximum aggregate obligation of (i) the Company
and/or the Principal hereunder for Losses pursuant to claims under Section 7.2(a)(i) and (ii) hereof and (ii) Buyer hereunder for Losses pursuant to claims under Section 7.2(b)(i) and (ii) hereof, shall not exceed
$25,000,000.00 (the “Maximum”); provided, however, that the Maximum shall not apply to Losses arising in respect of claims for breach of covenants relating to Section 5.3 (Non-Compete) or to Buyer’s
obligation to pay the Aggregate Purchase Price, all of which may be asserted without limitation. 
 No limitation or
condition of liability provided in this Article VII shall apply to any claim based on fraud. 
 (d) (i) A party entitled to
indemnification hereunder shall herein be referred to as an “Indemnitee.” A party obligated to indemnify an Indemnitee hereunder shall herein be referred to as an “Indemnitor.” As soon as is reasonable after an
Indemnitee either (a) receives notice of any claim or the commencement of any action by any third party which such Indemnitee reasonably believes may give rise to a claim for indemnification from an Indemnitor hereunder (a “Third Party
Claim”) or (b) sustains any Loss not involving a Third Party Claim or action which such Indemnitee reasonably believes may give rise to a claim for indemnification from an Indemnitor hereunder, such Indemnitee shall, if a claim in
respect thereof is to be made against an Indemnitor under this Article VII, notify such Indemnitor in writing of such claim, action or Loss, as the case may be; provided, however, that, subject to Section 7.1, failure to notify
Indemnitor shall not relieve Indemnitor of its indemnity obligation, except to the extent Indemnitor is actually prejudiced in its defense of the action by such failure. Any such notification must be in writing and must state in reasonable detail
the nature and basis of the claim, action or Loss, to the extent known. Except as provided in this Section 7.2, Indemnitor shall have the right using counsel reasonably acceptable to the Indemnitee, to contest, defend or litigate any such Third
Party Claim; provided that the Indemnitor shall have notified the Indemnitee in writing of its intention to do so within fifteen (15) days of the Indemnitee having given notice of the Third Party Claim to the Indemnitor and such writing
contains a statement that the Indemnitor reasonably believes in good faith that the Indemnitor has an obligation to provide indemnification under this Article VII with respect to such Third Party Claim (it being understood that such statement shall
not prejudice Indemnitor’s right to later dispute its liability with respect to such Third Party Claim nor shall such statement or the fact that the Indemnitor assumed such defense of such Third Party Claim be admissible as evidence in any
action between the Indemnitor and the Indemnitee); provided, further, that the Indemnitor’s right to contest, defend or litigate and right to continue to contest, defend and litigate, any such Third Party Claim, is subject to the
continued satisfaction of the following conditions: (1) the Indemnitor shall diligently contest, defend or litigate in good faith any such Third Party Claim; and (2) the assumption by the Indemnitor of such Third Party Claim could not
reasonably be expected to cause a material adverse effect on the Indemnitee’s business. The Indemnitee shall have the right to participate in, and to be represented by counsel (at its own expense) in any such contest, defense or litigation
conducted by the Indemnitor. 
  

 31 

 (ii) The Indemnitor, if it shall have assumed the defense of any Third Party Claim as provided in this
Agreement, (a) shall diligently contest, defend or litigate in good faith such Third Party Claim and (b) if the Indemnitor no longer reasonably believes in good faith that the Indemnitor is obligated to indemnify Indemnitee under this
Article VII with respect to such Third Party Claim, the Indemnitor shall provide prompt written notice thereof to Indemnitee, at which time Indemnitor shall not be entitled, and shall lose its right to contest, defend or litigate such Third Party
Claim. The Indemnitor, if it shall have assumed the defense of any Third Party Claim as provided in this Agreement, shall not consent to a settlement of, or the entry of any judgment arising from, any such Third Party Claim without the prior written
consent of the Indemnitee (which consent shall not be unreasonably withheld or delayed). The Indemnitor shall not, without the prior written consent of the Indemnitee, enter into any compromise or settlement which commits the Indemnitee to take, or
to forbear to take, any action or which does not provide for a complete release by such third party of the Indemnitee. All expenses (including attorneys’ fees) incurred by the Indemnitor in connection with the foregoing shall be paid by the
Indemnitor. No failure by an Indemnitor to acknowledge in writing its indemnification obligations under this Article VII shall relieve it of such obligations to the extent such obligations exist. 
 (iii) If an Indemnitee is entitled to indemnification against a Third Party Claim and the Indemnitor fails to assume the defense of such Third Party
Claim pursuant to Section 7.2(d)(i), or the Indemnitor loses its right to contest, defend or litigate a Third Party Claim pursuant to Section 7.2(d)(i) and (ii), then the Indemnitor shall not be entitled, and shall lose its right, to
contest, defend, litigate and settle such Third Party Claim, and the Indemnitee shall have the right, without prejudice to its right of indemnification hereunder, in its discretion exercised in good faith, to contest, defend and litigate such Third
Party Claim, and may settle such Third Party Claim either before or after the initiation of litigation, at such time and upon such terms as the Indemnitee deems fair and reasonable, provided that at least ten (10) days prior to any such
settlement, written notice of its intention to settle is given to the Indemnitor; provided, further, that if the Indemnitee seeks to contest, defend or litigate such Third Party Claim, it shall do so diligently and in good faith. The
Indemnitor shall have the right to participate in (but not control), and to be represented by counsel (at its expense) in any such contest, defense or litigation conducted by the Indemnitee. 
 7.3. Right of Offset. Without limiting any other remedies available at law or in equity, Buyer and Parent shall have the right to set off against
any payments due and owing from Buyer or Parent to the Company or the Principal (including the right to set off against amounts owed pursuant to the Convertible Note) any Losses determined to be due to Buyer or Parent hereunder by a final
non-appealable order of a court of competent jurisdiction 
 7.4. Computation of Indemnifiable Losses. Any amount payable pursuant to
this Article VII shall be decreased to the extent of (a) any amounts actually recovered by the indemnified party from its insurers in respect of an indemnifiable Loss, net of costs of collection, and (b) any net Tax benefit, as, when and
to the extent such Tax Benefit is actually realized in cash by the indemnified party arising out of an indemnifiable Loss. For purposes of this agreement, a Tax benefit is realized only when, as, and to the extent that actual cash Taxes paid to a
Taxing authority are less than they would have been if the indemnifiable Loss had not occurred. The indemnifying party and the indemnified party shall cooperate in good faith in 
  

 32 

 providing each other the information necessary to determine the Tax benefits, as the case may be, in each case. The
indemnified party shall, at the indemnifying party’s expense, use its commercially reasonable efforts to pursue payment under or from any insurer in respect of such Losses. 
 7.5. Tax Treatment. Any indemnification payments under this Article VII shall be treated for Tax purposes as adjustments to the Aggregate Purchase
Price to the extent permitted by applicable law. 
 7.6. Sole Remedy. Subject to Section 7.3, the right to indemnification under
this Article VII shall be the exclusive remedy of any party in connection with any breach or default by another party under this Agreement and any Ancillary Agreement; provided, however, that this Section 7.6 shall not apply to claims
based on fraud. 
 ARTICLE VIII 
 MISCELLANEOUS 
 8.1. Interpretive Provisions. 
 (a) Whenever used in this Agreement, (i) “including” (or any variation thereof) means including without limitation and (ii) any
reference to gender shall include all genders. 
 (b) The parties acknowledge and agree that (i) each party and its counsel have
reviewed the terms and provisions of this Agreement and have contributed to its drafting, (ii) the normal rule of construction, to the effect that any ambiguities are resolved against the drafting party, shall not be employed in the
interpretation of it, and (iii) the terms and provisions of this Agreement shall be construed fairly as to all parties hereto and not in favor of or against any party, regardless of which party was generally responsible for the preparation of
this Agreement. 
 8.2. Entire Agreement. This Agreement (including the Disclosure Schedules and the certificates and exhibits
attached hereto) together with the Ancillary Agreements and the Confidentiality Agreement constitute the sole understanding and agreement of the parties with respect to the subject matter hereof. The parties agree and acknowledge that as of the
Closing Date, the Confidentiality and Exclusivity Agreement, dated September 20, 2006, by and between Parent and the Company is terminated. 
 8.3. Successors and Assigns. The terms and conditions of this Agreement shall inure to the benefit of and be binding upon the respective successors and assigns of the parties hereto; provided however, that this
Agreement may not be assigned by the Company or the Principal without the prior written consent of Buyer or be assigned by Buyer without the prior written consent of the Company and the Principal, except that (i) Buyer may, at its election and
provided it remains liable for its obligations hereunder, assign this Agreement to any affiliate of Buyer or Parent, and Buyer or any such assignee may make a collateral assignment of its rights (but not its obligations) under this Agreement to any
lender providing financing to Buyer or Parent in connection with the Closing. 
 8.4. Headings. The headings of the Articles,
Sections, and paragraphs of this Agreement are inserted for convenience only and shall not be deemed to constitute part of this Agreement or to affect the construction hereof. 
  

 33 

 8.5. Modification and Waiver. No amendment, modification, or alteration of the terms or provisions
of this Agreement shall be binding unless the same shall be in writing and duly executed by the parties hereto, except that any of the terms or provisions of this Agreement may be waived in writing at any time by the party that is entitled to the
benefits of such waived terms or provisions. No single waiver of any of the provisions of this Agreement shall be deemed to or shall constitute, absent an express statement otherwise, a continuous waiver of such provision or a waiver of any other
provision hereof (whether or not similar). No delay on the part of any party in exercising any right, power, or privilege hereunder shall operate as a waiver thereof. 
 8.6. Expenses. Except as otherwise expressly provided herein, each of the parties hereto shall bear the expenses incurred by that party incident to this Agreement and the transactions contemplated hereby,
including all fees and disbursements of counsel and accountants retained by such party, whether or not the transactions contemplated hereby shall be consummated. 
 8.7. Notices. Any notice, request, instruction, or other document to be given hereunder by any party hereto to any other party shall be in writing and shall be given by delivery in person, by electronic
facsimile transmission, by overnight courier or by registered or certified mail, postage prepaid (and shall be deemed given when delivered if delivered by hand, when transmission confirmation is received if delivered by facsimile, one business day
after deposited with an overnight courier service if delivered by overnight courier and three days after mailing if mailed), as follows: 
  

	
	 to the Company or the Principal, to:

	
	 Midwest Grounds Resource, Inc.

	 11799 Grandstone

	 Cincinnati, Ohio 45249

	 Attn: Mr. Michael G. Rorie

	 Fax No.: (513) 489-6476

	
	 and

	
	 Midwest Grounds Resource, Inc.

	 c/o Brickman Bengals, LLC

	 131 Commerce Blvd.

	 Cincinnati, Ohio 45140

	 Attn: Mr. Michael G. Rorie

	 Fax No.: (513) 774-7459

	
	 with a copy to:

	
	 Graydon Head & Ritchey LLP

	 1900 Fifth Third Center

	 511 Walnut Street

	 P.O. Box 6464

	 Cincinnati, Ohio 45202-3157

	 Attention: John J. Kropp, Esq.

	 Fax No.: (513) 651-3836

  

 34 

	
	 to Buyer or Parent to:

	
	 Brickman Bengals, LLC
 c/o The Brickman Group, Ltd.

	 Legal Department

	 18227 Flower Hill Way, Suite D

	 Gaithersburg, Maryland 20879

	 Attention: General Counsel

	 Fax No.: (240) 683-2030

	
	 with a copy to:

	
	 Dechert LLP

	 Cira Centre

	 2929 Arch Street

	 Philadelphia, PA 19104-2808

	 Attention: Carmen J. Romano, Esq.

	 Fax No.: (215) 994-2222

 or at such other address for a party as shall be specified by like notice.

 8.8. Governing Law; Consent to Jurisdiction. This Agreement shall be construed in accordance with and governed by the laws of the
State of Delaware applicable to agreements made and to be performed wholly within that jurisdiction. Each party hereto, for itself and its successors and assigns, irrevocably agrees that any suit, action or proceeding arising out of or relating to
this Agreement may be (i) instituted by the Buyer or Parent only in the United States District Court for Southern District of Ohio, United States of America or in the absence of jurisdiction, the state courts located in Hamilton County, Ohio,
and (ii) instituted by the Company or the Principal only in the United States District Court for the District of Maryland or in the absence of jurisdiction, the state courts located in Montgomery County, Maryland, and generally and
unconditionally accepts and irrevocably submits to the exclusive jurisdiction of the aforesaid courts and irrevocably agrees to be bound by any final judgment rendered thereby from which no appeal has been taken or is available in connection with
this Agreement. Each party, for itself and its successors and assigns, irrevocably waives any objection it may have now or hereafter to the laying of the venue of any such suit, action or proceeding, including any objection based on the grounds of
forum non conveniens, in the aforesaid courts. Each of the parties, for itself and its successors and assigns, irrevocably agrees that all process in any such proceedings in any such court may be effected by mailing a copy thereof by registered or
certified mail (or any substantially similar form of mail), postage prepaid, to it at its address set forth in Section 8.7 hereof or at such other address of which the other parties shall have been notified in accordance with the provisions of
Section 8.7 hereof, such service being hereby acknowledged by the parties to be effective and binding service in every respect. Nothing herein shall affect the right to serve process in any other manner permitted by law. 
  

 35 

 8.9. Public Announcements. Neither the Company, the Principal nor Buyer shall make any public
statements, including any press releases, with respect to this Agreement and the transactions contemplated hereby without the prior written consent of the other party (which consent shall not be unreasonably withheld) except as may be required by
law. If a public statement is required to be made by law, the parties shall consult with each other in advance as to the contents and timing thereof. 
 8.10. No Third Party Beneficiaries. This Agreement is intended and agreed to be solely for the benefit of the parties hereto and their permitted successors and assigns, and no other party shall be entitled to
rely on this Agreement or accrue any benefit, claim, or right of any kind whatsoever pursuant to, under, by, or through this Agreement. 
 8.11. Counterparts. This Agreement may be executed in one or more counterparts, each of which shall for all purposes be deemed to be an original and all of which shall constitute the same instrument. 
 ARTICLE IX 
 CERTAIN DEFINITIONS

 9.1. “Ancillary Agreement” means any agreement, exhibit, statement, document or certificate executed and delivered in
accordance with or required by this Agreement, and any other agreement or certificate specifically identified as an Ancillary Agreement for purposes of this Agreement including the Convertible Note. 
 9.2. “Affiliate Leases” means the Leases with Landlord as lessor listed on Schedule 3.10. 
 9.3. “business day” means any day other than a day on which banks in the State of New York are required or authorized to be closed.

 9.4. “Code” means the Internal Revenue Code of 1986, as amended. 
 9.5. “Contracts” means all written or oral agreements, contracts or commitments of the following types to which the Company is a party
or by which the Company or any of its properties or assets is bound as of the date hereof and between the date hereof and the Closing Date: (a) any real property leases; (b) any labor or employment-related agreements; (c) any joint
venture and limited partnership agreements; (d) mortgages, indentures, loan or credit agreements, security agreements and other agreements and instruments relating to the borrowing of money or extension of credit; (e) agreements for the
sale of goods or products or performance of services by or with any vendor (or any group of related vendors) that had annual aggregate payments exceeding $25,000 in any of the last three calendar years; (f) lease agreements for machinery and
equipment, motor vehicles, or furniture and office equipment or other personal property by or with any vendor (or any group of related vendors) that had annual aggregate payments exceeding $25,000 in any of the last three calendar years;
(g) agreements restricting in any manner the right of the Company to compete with any other person, or 
  

 36 

 restricting the right of the Company to sell to or purchase from any other person; (h) agreements between the
Company and any of its affiliates; (i) guaranties, performance, bid or completion bonds, surety and appeal bonds, return of money bonds, and surety or indemnification agreements; (j) custom bonds and standby letters of credit; (k) any
license agreement or other agreements to which the Company is a party regarding any Intellectual Property of others; (l) other agreements, contracts and commitments which cannot be terminated by the Company on notice of thirty (30) days or
less and without payment by the Company of less than $25,000 upon such termination and (m) powers of attorney. 
 9.6.
“control” (including the terms “controlled by” and “under common control with”) means the possession, directly or indirectly or as trustee or executor, of the power to direct or cause the direction of the
management or policies of a Person, whether through the ownership of stock, as trustee or executor, by contract or credit arrangement or otherwise; 
 9.7. “Debt” means all principal, interest, premiums, penalties or other obligations related to (a) all indebtedness of the Company for borrowed money, (b) all obligations of the Company for the deferred purchase
price of property or services (other than trade accounts payable in the ordinary course of business and consistent with past practice), (c) all obligations of the Company evidenced by notes, bonds, debentures or other similar instruments,
(d) all indebtedness created or arising under any conditional sale or other title retention agreement with respect to property acquired by the Company, (e) all obligations of the Company as lessee or lessees under leases that have been or
should be, in accordance with GAAP, recorded as capital leases, (f) all obligations, contingent or otherwise, of the Company under acceptance, letter of credit or similar facilities, (g) all obligations owing pursuant to factoring
agreements for accounts receivable, (h) all Debt of the type referred to in clauses (a) through (g) above guaranteed directly or indirectly in any manner by the Company, or in effect guaranteed directly or indirectly by the Company
through an agreement (w) to pay or purchase such Debt or to advance or supply funds for the payment or purchase of such Debt, (x) to purchase, sell or lease (as lessee or lessor) property, or to purchase or sell services, primarily for the
purpose of enabling the debtor to make payment of such Debt or to assure the holder of such Debt against loss, (y) to supply funds to or in any other manner invest in the debtor (including any agreement to pay for property or services
irrespective of whether such property is received or such services are rendered) or (z) otherwise to assure a creditor against loss; provided, that such Debt referred under this clause (h) is of the type that would be reflected as debt on
a balance sheet prepared in accordance with GAAP, (i) all Debt of the type referred to in clauses (a) through (h) above secured by (or for which the holder of such Debt has an existing right, contingent or otherwise, to be secured by)
any lien on property (including accounts and contract rights) owned by the Company, even though such person has not assumed, become liable for or guaranteed the payment of such Debt, and (j) all accrued but unpaid interest (or interest
equivalent) to the date of determination, and all prepayment premiums or penalties, related to any items of Debt of the type referred to in clauses (a) through (i) above. 
 9.8. “Encumbrances” shall mean all liens, charges, mortgages, pledges, security interests or other encumbrances. 
 9.9. “Environmental Laws” shall mean all federal, state and local laws, rules, regulations, ordinances, the common law, judgments,
orders, consent agreements and standards 
  

 37 

 relating to (i) the protection of the environment (including air, surface and subsurface water, drinking water
supplies, surface and subsurface land, the interior of any building or building component, soil and natural resources) or human health or (ii) the presence, Management, Release or threat of Release of or exposure to Hazardous Substances.

 9.10. “Environmental Liabilities” mean any and all losses, claims, demands, liabilities, obligations, causes of action,
damages, costs and expenses, fines or penalties (including without limitation reasonable attorney fees and other defense costs), known or unknown, foreseen or unforeseen, whether contingent or otherwise, fixed or absolute, present or future asserted
against or incurred by Buyer arising prior to Closing or arising with respect to facts, circumstances or events first occurring prior to the Closing: (a) to the extent resulting from the presence, Release, Management or exposure to Hazardous
Materials at, on, in or under any property now or previously owned, operated or leased by the Company whether into the air, soil, ground or surface waters on-site or off-site as the result of the Company’s operation of the business; or
(b) arising from the off-site or on-site transportation, storage, treatment, recycling or disposal of Hazardous Materials Managed or Released by or on behalf of the Company or any reasonable and necessary costs or expenses for any Remediation
required under Environmental Laws or by any governmental authority or third party as a result thereof; or (c) any violation by the Company of any Environmental Law. 
 9.11. “GAAP” means United States generally accepted accounting principles. 
 9.12.
“Hazardous Substances” shall mean any and all hazardous or toxic substances, wastes or materials, any pollutants, contaminants, or dangerous materials (including polychlorinated biphenyls, friable asbestos, volatile and
semi-volatile organic compounds, oil, petroleum products and fractions and radioactive materials), or any other similar substances or materials regulated under Environmental Laws. 
 9.13. “knowledge”, “to the knowledge” or “known” and words of similar import shall mean the actual
knowledge of a natural person or, with respect to a Person that is not a natural person, the actual knowledge of the officers and management of such Person, after due inquiry. Provided however with respect to the Company these words shall mean the
actual knowledge of the Principal, Chris Hayes, Gary Kuykendall and Greg Steppe, after due inquiry. 
 9.14. “Landlord”
means MAR Investments, Inc., an Ohio corporation. 
 9.15. “Losses” shall mean any and all losses, liabilities, damages
penalties, obligations, awards, fines, deficiencies, demands, interest, claims (including third party claims whether or not meritorious), costs and expenses whatsoever (including reasonable attorneys’, consultants’ and other professional
fees and disbursements of every kind, nature and description) resulting from, arising out of or incident to any matter for which indemnification is provided under this Agreement including any such costs and expenses incurred in connection with
enforcing a party’s indemnification rights under this Agreement; provided, that Losses shall not include special, indirect, consequential, punitive or exemplary damages other than punitive or exemplary damages paid to third parties.
“Material Adverse Effect” means any circumstance or event which, individually or in the aggregate with any other circumstance or event, is or could be reasonably expected to be material and adverse to the business, properties,
operations, earnings, 
  

 38 

 prospects, condition (financial or otherwise), products, assets, results of operations or liabilities of the Company
taken as a whole; provided however, Material Adverse Effect shall not include any material adverse effect attributable to (i) any change or development generally applicable to the commercial landscape service industry (including legislative or
regulatory matters) in the United States, except for changes or developments having a materially disproportionate impact on the Company, (ii) changes in general economic conditions in the United States, including any downturn caused by
terrorist activity or a natural disaster, except for changes in general economic conditions having a materially disproportionate impact on the Company, or (iii) any public announcement of the transactions contemplated by this Agreement. For
purposes of this definition of Material Adverse Effect, the effect of any matter as to any past period shall be determined based on its actual effect, and its effect as to any future period shall be determined based on the effect that such matter is
reasonably likely to have. 
 9.17. “Person” or “person” means an individual, corporation, partnership,
association, limited liability company, trust, unincorporated organization, other entity or group (as group is defined in Section 13(d)(3) of the Exchange Act). 
  

 39 

 IN WITNESS WHEREOF, each of the parties hereto has caused this Agreement to be executed on its behalf as
of the date first above written. 
  

			
	GROUNDMASTERS, INC.
		
	By:	 	 /s/ Michael G. Rorie

	Name:	 	Michael G. Rorie
	Title:	 	President
	
	GROUNDMASTERS, LLC
		
	By:	 	 /s/ Michael G. Rorie

	Name:	 	Michael G. Rorie
	Title:	 	President
	
	BRICKMAN BENGALS, LLC
		
	By:	 	 /s/ Mark A. Hielle

	Name:	 	Mark A. Hielle
	Title:	 	Vice President
	
	THE BRICKMAN GROUP, LTD.
		
	By:	 	 /s/ Mark A. Hielle

	Name:	 	Mark A. Hielle
	Title:	 	Executive Vice President
	
	PRINCIPAL
	
	 /s/ Michael G. Rorie
 MICHAEL G. RORIE

  

 40

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