Document:

EXHIBIT 10.1

 Exhibit 10.1 
 THE MILLS CORPORATION 
 EMPLOYMENT AGREEMENT 
 This EMPLOYMENT AGREEMENT (“Agreement”) is made and entered into on June 21st 2006 and effective the 28th day of February 2006 (the “Effective Date”), by and between THE MILLS CORPORATION, a Delaware corporation (the “Company”), and Mark S. Ordan (“Executive”). 
 Recitals 
 R-1 The
Company is engaged directly and indirectly in the business of developing, constructing, leasing, financing and managing super regional value-oriented retail and entertainment-based shopping centers, malls, strip centers and other commercial
properties. 
 R-2 As of the execution date of this Agreement, Executive is employed by the Company and the Company wishes to continue
to employ Executive, and Executive wishes to accept continued employment with the Company, on the terms and conditions set forth herein. 
 Agreement 
 NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, the Company and Executive, intending to be legally and equitably bound, hereby agree as follows: 
 1. Employment;
Employment Period. 
 1.1 Employment. The Company hereby employs Executive, and Executive hereby accepts employment with the
Company, all upon the terms and conditions set forth in this Agreement. 
 1.2 Employment Period. The term of Executive’s
employment under this Agreement shall be the period commencing on the Effective Date and ending on December 31, 2007 (the “Employment Period”); provided that, commencing on January 1, 2008, and on each January 1 thereafter,
the Employment Period shall automatically be extended for one (1) year unless either party has given written notice of non-renewal to the other party at least ninety (90) days prior to the then scheduled expiration of the Employment
Period, and each such extension shall, ipso facto, become part of (and incorporated into) the Employment Period for all purposes of this Agreement; and provided, further, that Executive’s employment hereunder may be terminated prior to
the end of the Employment Period as provided in Section 6 hereof. Notwithstanding anything in this Agreement to the contrary, upon a Change in Control (as defined in Section 7.1) of the Company, the term of Executive’s employment
under this Agreement shall be the longer of the period commencing on the effective date of such Change in Control and ending on the second anniversary of the effective date of the Change in Control and the term that would otherwise apply pursuant to
this Section 1.2, subject in any case to earlier termination of Executive’s employment pursuant to Section 6 hereof. 
 2.
Duties. During the Employment Period, Executive shall be employed by the Company as an executive and shall perform such duties and responsibilities, and shall have such title or titles, as are reasonably assigned to Executive by the
Company in its sole discretion; provided, however that Executive assumed the title and responsibilities of Chief Operating Officer effective March 6, 2006. 

 3. Performance of Duties/Standard of Care. During the Employment Period, Executive shall
act at all times in the best interests of the Company and diligently discharge his duties and responsibilities to the Company under this Agreement. Without limiting the generality of the foregoing, Executive shall at all times abide strictly by the
policies of the Company including, without limitation, The Mills Corporation Code of Business Conduct and Ethics as it may be amended from time to time in the Company’s sole discretion (the “Code of Conduct”). Such duties shall be
rendered at the principal office of the Company and Executive shall travel to other places as the interests, needs, business or opportunity of the Company shall require. During the Employment Period, Executive agrees to devote his full business
time, attention and energies to the business of the Company and its subsidiaries and not to engage in any other business activity, whether or not such business activity is pursued for gain, profit or other economic or financial advantage, except
that Executive may serve in charitable or philanthropic capacities or positions and serve as a director of other companies which do not directly or indirectly compete with the Company with the prior consent of the Chief Executive Officer or
President of the Company, in each case so long as such activities comply with the Code of Conduct, are not injurious to the Company and do not interfere with the performance of Executive’s duties hereunder. In connection with the performance of
his duties hereunder, Executive shall at all times seek to exercise the highest degree of loyalty to the Company and shall comply with the highest standards of conduct in the performance of his duties. Subject to compliance with the Code of Conduct
and the provisions of this Agreement, this Section 3 shall not be construed to prevent or prohibit Executive from managing his personal assets or investments as long as such activities do not interfere with the performance of Executive’s
duties hereunder. 
 4. Compensation and Expenses. 
 4.1 Base Salary. The Company shall pay to Executive, during the Employment Period, an annual base salary (the “Base Salary”) in
accordance with the Company’s normal payroll practice applicable to executives of the Company in the same or similar positions to that of Executive. Initially, the Base Salary shall be calculated at the rate of $695,000. The Base Salary shall
be reviewed effective as of April 1, 2007 and at least annually thereafter for such adjustments as may be determined by the Executive Compensation Committee of the Board of Directors (the “Executive Compensation Committee”) to be
appropriate; provided, however, that the Base Salary shall not be decreased below the amount set forth in this Section 4.1 except as part of a salary reduction program approved by the Board of Directors that is generally applicable to
executives of the Company in the same or similar positions to that of Executive. 
 4.2 Annual Bonus Program. 
 (a) During each calendar year of the Employment Period, Executive will be eligible to participate in the Company’s annual short-term performance
incentive plan applicable to executives in the same or similar positions to that of Executive, as such plan may exist from time to time (the “PIP”). The amount of Executive’s target annual bonus under the PIP for each calendar year
during the Employment Period (each a “Target Annual Bonus”) shall be determined by the Executive Compensation Committee in its discretion. The amount of the actual annual bonus, if any, awarded to Executive under the PIP with respect to
any calendar year during the Employment Period (each an “Annual Bonus Award”) shall be determined in accordance with the terms of the PIP as administered by the Executive Compensation Committee. 
  

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 All decisions regarding the criteria to be used to determine awards under the PIP (which may consist of both corporate
and individual performance factors and metrics), the amount, if any, to be awarded to Executive under the PIP with respect to any calendar year during the Employment Period and interpretations of the terms of the PIP shall be made solely and
exclusively by the Executive Compensation Committee in its discretion. The Company reserves the right to change, alter, or terminate the PIP at any time in its sole discretion; provided, that no such change, alteration or termination shall adversely
affect Executive’s rights under this Agreement, or with respect to any Annual Bonus Award made prior to the date of such change, alteration or termination, without Executive’s prior written consent. 
 (b) Each Annual Bonus Award shall be paid to Executive in cash when the Company customarily pays annual bonus awards to other executives in the same or
similar positions to that of Executive under the PIP; provided that payment shall in all event be made not later than the end of calendar year immediately following the annual performance period to which the bonus relates. 
 4.3 Long Term Incentive Plan. Executive will be eligible to participate in the Company’s long term incentive plan applicable to executives in
the same or similar positions to that of Executive, as such plan may exist from time to time (the “LTIP”). Executive’s target LTIP award for any LTIP performance period during the Employment Period (each a “Target LTIP
Award”) shall be determined by the Executive Compensation Committee in its discretion. The amount of the actual LTIP award, if any, made to Executive with respect to any LTIP performance period during the Employment Period (each an “LTIP
Award”) shall be determined in accordance with the terms of the LTIP as administered by the Executive Compensation Committee. All decisions regarding the criteria to be used to determine LTIP Awards (which may consist of both corporate and
individual performance factors and metrics), the actual amount of the LTIP Award, if any, with respect to any LTIP performance period during the Employment Period, the form of payment of such awards (which may be in cash, shares of Company Stock or
a combination thereof, or any other medium chosen by the Executive Compensation Committee), and interpretations of the terms of the LTIP shall be made solely and exclusively by the Executive Compensation Committee in its discretion. The Company
reserves the right to change, alter or terminate the LTIP at any time in its sole discretion; provided, that no such change, alteration or termination shall adversely affect Executive’s rights under this Agreement or under any LTIP Award made
prior to the date of such change, alteration or termination. Payment shall be made as soon as practicable after completion of the performance period; provided that it shall in all events be made not later than the end of the calendar year
immediately following the completion of such performance period. 
 4.4 Expense Reimbursement Policy. During the Employment Period,
the Company shall reimburse Executive for all ordinary and reasonable business expenses paid by Executive in connection with the performance of his duties under this Agreement in accordance with and subject to the Company’s expense
reimbursement policies then in effect for executives in the same or similar positions to that of Executive. 
 5. Personnel Policies
and Benefits. 
 5.1 Benefits Generally. During the Employment Period, Executive shall be entitled to participate in all
benefit programs, policies or plans adopted by the Company and applicable to executives in the same or similar positions to that of Executive on the same basis as such other executives, as such programs, policies or plans may be interpreted,
adopted, revised or 
  

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 terminated from time to time by the Company in its sole discretion. All matters of eligibility for coverage or benefits
under any such benefit programs, policies or plans shall be determined in accordance with the provisions of the applicable program, policy or plan. The Company reserves the right to change, alter, interpret or terminate any such programs, policies
or plans at any time in its sole discretion. 
 5.2 Personnel Policies. Except as otherwise provided herein, Executive’s
employment shall be subject to the personnel policies that apply generally to the Company’s executives in the same or similar positions to that of Executive, as the same may be interpreted, adopted, revised or terminated from time to time
during the Employment Period by the Company in its sole discretion. 
 6. Termination. 
 6.1 Payment of Accrued But Unpaid Amounts Upon Termination. Notwithstanding any provision in this Agreement to the contrary, in the event of
termination of Executive’s employment for any reason during the Employment Period, Executive or his beneficiaries or estate (as provided in Section 10.2) shall be entitled to receive, in addition to any other payments or benefits required
to be made or provided under the remaining provisions of this Article 6, within fourteen (14) days after the Effective Date of Termination (as defined below): 
 (a) any accrued but unpaid Base Salary for services rendered by Executive to the Company prior to the Effective Date of Termination; 
 (b) any earned but unpaid Annual Bonus Awards for calendar years that have ended prior to the Effective Date of Termination; 
 (c) reimbursement of any accrued but unpaid expenses required to be reimbursed under this Agreement that were incurred by Executive prior to the Effective Date of Termination; 
 (d) payment for any accrued but unpaid vacation time to the extent consistent with Company policy in effect as of the Effective Date of Termination; and

 (e) any earned but unpaid LTIP Awards. 
 Except as specifically provided in this Agreement and under the terms of any incentive compensation and benefit plans in effect and applicable to Executive on the Effective Date of Termination, Executive shall have no right to receive any
other compensation, or to participate in any other plan, arrangement or benefit of the Company after such termination and all other obligations of the Company and rights of Executive under this Agreement shall terminate effective as of the Effective
Date of Termination. 
 6.2 Termination Due to Death. Executive’s employment with the Company shall automatically terminate upon
Executive’s death. From and after the date of death, the Company shall have no further obligation to pay any Base Salary to Executive. In the event of such termination: 
 (a) the entitlement of any beneficiary of Executive to benefits under any benefit program, policy or plan described in Section 5.1 hereof shall be
determined in accordance with the provisions of such program, policy or plan; 
  

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 (b) vesting and all other rights with respect to stock options and any other equity-based compensation
awards not covered by Section 6.1 above (other than LTIP Awards) will be treated in accordance with the equity incentive plan under which the relevant grant was made and any applicable grant documents; provided, however, that Executive shall be
considered for such purpose to have been employed at the end of the calendar year in which the termination occurred; and 
 (c) any LTIP
Awards that are not covered by Section 6.1 above will be treated in accordance with the LTIP as then in effect. 
 6.3 Termination by
the Company Due to Disability. 
 (a) If Executive becomes “Disabled” (as defined below) during the Employment Period, the
Company shall have the right to terminate Executive’s employment by giving written notice of such termination to Executive, which notice shall specify the Effective Date of Termination and which Effective Date of Termination shall be no less
than thirty (30) calendar days after the date of such notice. From and after the Effective Date of Termination, the Company shall have no further obligation to pay any Base Salary to Executive. In the event of such termination: 
 (i) the entitlement of Executive to benefits under any benefit program, policy or plan described in Section 5.1 hereof shall be determined in
accordance with the provisions of such program, policy or plan; 
 (ii) vesting and all other rights with respect to stock options and any
other equity-based compensation awards not covered by Section 6.1 above (other than LTIP Awards) will be treated in accordance with the equity incentive plan under which the relevant grant was made and any applicable grant documents; provided,
however that Executive shall be considered for such purpose to have been employed at the end of the calendar year in which the termination occurred; and 
 (iii) any LTIP Awards that are not covered by Section 6.1 above will be treated in accordance with the LTIP as then in effect. 
 (b) The term “Disabled” or “Disability” shall mean that (i) Executive has been unable, notwithstanding such reasonable accommodations as may be required by applicable law, to engage in the
essential functions of his position with the Company due to a disability, as determined by the Company upon receipt of and in reliance on independent competent medical advice, for more than one hundred eighty (180) total calendar days during
any period of twelve (12) consecutive months, or (ii) the Company has reasonably determined, upon receipt of and in reliance on independent competent medical advice, that Executive is unlikely to be able, notwithstanding such reasonable
accommodations as may be required by applicable law, to engage in the essential functions of his position with the Company due to a disability for more than one hundred eighty (180) total calendar days during any period of twelve
(12) consecutive months. With respect to Executive, the foregoing definition of Disability shall supersede the definition of Disability set forth in, and shall be used for purposes of, the Company’s 2004 Stock Incentive Plan, as it has
been or may be amended from time to time (the “2004 Plan”), the Operating Guidelines for the Administration of Executive Long-Term Incentive Awards (“LTIP Guidelines”) and the Operating Guidelines for the Administration of Annual
Incentive Awards (“PIP Guidelines”) and any awards or grants under the 2004 Plan, the LTIP Guidelines and the PIP Guidelines. 
  

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 6.4 Voluntary Termination by Executive. Executive may terminate his employment at any time during
the Employment Period without Good Reason (as defined in Section 6.7) by giving the Company written notice of Executive’s intent to terminate not less than ninety (90) calendar days before the effective date of such termination;
provided, however, that the required notice period shall be reduced to forty-five (45) days in the event Executive’s voluntary termination is not for the purpose of taking alternative employment. Such written notice of termination shall
state the Effective Date of Termination, which shall not be earlier than the last day of the applicable notice period set forth in the preceding sentence. From and after the Effective Date of Termination, the Company shall have no further obligation
to pay any Base Salary to Executive. In the event of such termination: 
 (a) the entitlement of Executive to benefits under any benefit
program, policy or plan described in Section 5.1 shall be determined in accordance with the provisions of such program, policy or plan; 
 (b) all unvested equity or equity-based compensation awards shall be forfeited by Executive; and 
 (c) any LTIP Awards that are
not covered by Section 6.1 or Section 6.4(b) above will be treated in accordance with the LTIP as then in effect. 
 6.5
Termination by the Company without Cause. 
 (a) The Company may terminate Executive’s employment at any time during the Employment
Period for reasons other than death, Disability or Cause by giving written notice to Executive, which notice shall specify the Effective Date of Termination and which Effective Date of Termination shall be no less than thirty (30) calendar days
after the date of such notice. From and after the Effective Date of Termination, the Company shall have no further obligation to pay any Base Salary to Executive. In the event of such termination, except as provided in Section 6.8 with respect
to termination within twenty-four (24) months after a Change in Control, Executive shall be entitled to the payments and benefits described in Section 6.5(b), contingent upon executing and returning to the Company (and not revoking) a
release of claims in substantially the form attached hereto as Exhibit A within the time permitted by the Company (which permitted time period shall not be less than twenty-one (21) days). 
 (b) Within the later of (x) fifteen (15) days following the Effective Date of Termination and (y) eight (8) days after Executive
provides an executed release of claims which he is obligated to deliver as described above, and as long as such release of claims is not revoked by Executive during the seven (7) day period following its execution by Executive), the Company
shall pay to Executive a lump sum cash payment equal to (i) two (2) times the sum of (A) Executive’s Base Salary in effect as of the Effective Date of Termination and (B) Executive’s Target Annual Bonus for the year in
which the termination occurs and (ii) a pro rata cash payment equal to Executive’s Target Annual Bonus for the year of termination based on service from commencement of the applicable bonus year through the Effective Date of Termination.
In addition, vesting and all other rights with respect to stock options and other equity-based compensation awards not covered under Section 6.1 above (other than LTIP Awards) will be treated in accordance with the equity incentive plan under
which the relevant grant was made and 
  

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 any applicable grant documents; provided, however, that Executive shall be considered for such purpose to have been
employed at the end of the calendar year in which the termination occurred. Any LTIP Awards not covered by Section 6.1 above will be treated in accordance with the LTIP as then in effect. The entitlement of Executive to benefits under any
benefit program, policy or plan described in Section 5.1 hereof shall be determined in accordance with the provisions of such program, policy or plan; provided, however, that, subject to the last sentence of this Section 6.5, the Company
shall provide, at its expense, continued participation in any medical insurance and dental insurance plans in which Executive or his dependents participated as of the Effective Date of Termination for twenty-four (24) months following the
Effective Date of Termination at the same coverage level as in effect as of the Effective Date of Termination, but subject to such modifications as shall be established for executives of the Company in the same or similar positions to that of
Executive. As a condition to receiving such continued coverage, Executive may be required to elect continuation coverage under “COBRA” under the terms of the applicable plans, in which case the Company shall reimburse Executive for the
cost of such continued coverage at the same coverage level as in effect as of the Effective Date of Termination subject to such modifications as shall be established for executives of the Company in the same or similar positions to that of
Executive. 
 6.6 Termination by the Company for Cause. 
 (a) The Company may terminate Executive’s employment at any time during the Employment Period for “Cause,” which termination shall be effective immediately upon written notice to Executive. 

(b) For purposes of this Agreement and notwithstanding any other provision of this Agreement, “Cause” shall mean any of the following:
(i) Executive commits an act of fraud or embezzlement with respect to the Company or any of its affiliates; (ii) Executive is convicted of, or enters a plea of guilty or nolo contendere to, any felony; (iii) Executive
commits any act of dishonesty, breach of fiduciary duty or misconduct (whether in connection with Executive’s responsibilities as an employee of the Company or otherwise) that, in the Company’s reasonable judgment, either
(A) materially impairs the Company’s business, goodwill or reputation or (B) materially compromises Executive’s ability to perform Executive’s job duties or represent the Company with the public; (iv) Executive fails to
substantially perform any of his duties hereunder (other than any such failure resulting from a material breach of this Agreement by the Company or the Disability of Executive) which failure continues for more than thirty (30) days after
written notice by the Company; (v) such carelessness, lack of judgment, ineffectiveness or inefficiency in performance by Executive of his duties that Executive is determined by the Executive Compensation Committee to be unfit to continue in
service; provided that Executive shall be given notice and an opportunity to cure unless the Executive Compensation Committee determines, in its sole discretion, not to provide Executive with notice and an opportunity to cure given the severity or
frequency of the carelessness, lack of judgment, ineffectiveness or inefficiency; or (vi) Executive materially violates any provision of this Agreement. With respect to Executive, the foregoing definition of Cause shall supersede the definition
of Cause set forth in, and shall be used for purposes of, the 2004 Plan, the LTIP Guidelines and the PIP Guidelines and any awards or grants under the 2004 Plan, the LTIP Guidelines and the PIP Guidelines. 
 (c) From and after the Effective Date of Termination, the Company shall have no further obligation to pay any Base Salary to Executive. In the event of
such termination: 
 (i) the entitlement of Executive to benefits under any benefit program, policy or plan described in Section 5.1
shall be determined in accordance with the provisions of such program, policy or plan; 
  

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 (ii) any unvested equity or equity-based compensation awards shall be forfeited by Executive; and

 (iii) any LTIP Awards that are not covered by Section 6.1 or Section 6.6(c)(ii) above will be treated in accordance with the
LTIP as then in effect. 
 6.7 Termination by Executive for Good Reason.  
 (a) Executive may terminate his employment hereunder at any time during the Employment Period for “Good Reason” (as hereinafter defined) by
providing the Company with written notice of termination within ninety (90) days after Executive knows, or should have known, that an event constituting “Good Reason” has occurred. Such notice of termination shall state the Effective
Date of Termination, which effective date shall not be less than thirty (30) days nor more than ninety (90) days after the date of such notice, except in the case of any event described in subparagraph 6.7(b)(ii) below, in which case such
termination shall be effective immediately upon delivery of such notice. If Executive terminates his employment under this Section 6.7 for Good Reason (a “Termination for Good Reason”), and a Change in Control has not occurred within
the twenty-four (24) month period preceding the Effective Date of Termination, Executive shall receive the same payments and benefits Executive would be entitled to receive under Section 6.5 following a termination of employment by the
Company without Cause, subject to providing a release of claims as described therein. If Executive terminates his employment under this Section 6.7 for Good Reason and a Change in Control has occurred within the twenty-four (24) month
period preceding the Effective Date of Termination, Executive shall receive the payments and benefits described in Section 6.8. 
 (b)
“Good Reason” shall mean the occurrence of any one or more of the following events without the express written consent of Executive; provided, however, that any of the events described in subparagraph 6.7(b)(ii) below shall only constitute
Good Reason if the Company shall have failed to correct or remedy such event within thirty (30) days following receipt of written notice from Executive describing in reasonable detail such event and demanding correction or remedy; and provided
further that any of the events described in subparagraphs (b)(vii) and (b)(viii) below shall only be treated as a Good Reason event if such event occurs within twenty-four (24) months following a Change in Control: 
 (i) the relocation of Executive’s principal office to a location that is more than fifty (50) miles from the Company’s
current or future Washington, D.C. area headquarters; 
 (ii) a failure by the Company to pay or provide for any earned Base
Salary, earned Annual Bonus, earned LTIP Award or any other material earned compensation or benefits required to be paid or provided for under this Agreement, in each case when due; 
 (iii) a reduction by the Company in Executive’s Base Salary except as part of a salary reduction program approved by the Board of
Directors that is generally applicable to executives of the Company in the same or similar positions to that of Executive; 
  

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 (iv) except as part of a benefit reduction program approved by the Board of Directors
that is generally applicable to executives of the Company in the same or similar positions to that of Executive, a material reduction in the terms of Executive’s eligibility for benefits under any of the Company’s incentive compensation
plans or health or welfare benefit plans from the terms that were in effect on the Effective Date or a material modification to, or termination of, any such plans as such plans were in effect on the Effective Date (the “Existing Plans”)
without replacement of such modified or terminated plans with one or more plans offering to Executive eligibility for benefits at least as favorable to Executive as those offered by the Existing Plans; 
 (v) a material diminution in Executive’s responsibilities or position not related to Executive’s individual performance or as a
result of any organizational change or restructuring approved by the Board of Directors that involves two or more employees; 
 (vi) the failure of the Company to obtain a satisfactory agreement from any successor to the Company to assume and perform the obligations of the Company hereunder, as contemplated by Section 10.1; 
 (vii) the assignment to Executive of duties materially inconsistent with Executive’s authorities, duties, responsibilities and
status (including offices, titles and reporting requirements) as an officer of the Company (or its successor), or a material reduction or alteration in the nature or status of Executive’s authority, duties or responsibilities from those in
effect immediately prior to the effective date of the Change in Control; or 
 (viii) a reduction by the Company (or its
successor) in Executive’s Base Salary from the Base Salary that was in effect with respect to Executive immediately prior to the effective date of the Change in Control or a material reduction in the terms of Executive’s eligibility for
benefits under any of the Company’s incentive compensation plans or health or welfare benefit plans from the terms that were in effect immediately prior to the effective date of the Change in Control or a material modification to, or
termination of, any such plans as such plans were in effect immediately prior to the effective date of the Change in Control (the “Pre-Change in Control Existing Plans”) without replacement of such modified or terminated plans with one or
more plans offering to Executive eligibility for benefits at least as favorable to Executive as those offered by the Pre-Change in Control Existing Plans. 
 Executive shall also be entitled to voluntarily terminate his employment with the Company for any reason by giving not less than five (5) days’ advance written notice to the Company of his intention to terminate his employment
within the thirty (30)-day period commencing on the first anniversary of the effective date of a Change in Control of the Company and any such termination shall be considered a termination for Good Reason after a Change in Control for purposes of
this Agreement. The continued employment of Executive after an event constituting Good Reason shall not constitute consent to, or a waiver of rights with respect to, any circumstance constituting Good Reason, until the passage of ninety
(90) days after Executive knew or should have known that an event constituting Good Reason has occurred without delivery by Executive of a written notice of termination for Good Reason, as provided above. With respect to Executive, the
foregoing definition of Good Reason shall supersede the definition of Good Reason set forth in, and shall be used for purposes of, the 2004 Plan, the LTIP Guidelines and the PIP Guidelines and any awards or grants under the 2004 Plan, the LTIP
Guidelines and the PIP Guidelines. 
  

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 6.8 Termination after a Change in Control. 
 (a) If during the Employment Period (i) the Company terminates Executive’s employment for reasons other than death, Disability or Cause or
(ii) Executive timely terminates his employment for Good Reason, and either (i) or (ii) occurs within twenty-four (24) months after a Change in Control, then, from and after the Effective Date of Termination, the Company shall
have no further obligation to pay any Base Salary to Executive and, in lieu of any severance amounts payable under Section 6.5 or 6.7, whichever would otherwise apply, Executive shall be entitled to the payments and benefits described in
paragraph (b) below, contingent upon executing and returning to the Company (and not revoking) a release of claims in substantially the form attached hereto as Exhibit A within the time permitted by the Company (which permitted time period
shall not be less than twenty-one (21) days). 
 (b) Within the later of (x) fifteen (15) days following the Effective Date
of Termination and (y) eight (8) days after Executive provides an executed release of claims as described above, as long as such release of claims is not revoked by Executive during the seven (7) day period following its execution by
Executive), the Company shall pay to Executive a lump sum cash payment equal to (i) two (2) times the sum of (A) Executive’s Base Salary in effect as of the Effective Date of Termination and (B) Executive’s Target
Annual Bonus for the year in which the termination occurs and (ii) a pro rata cash payment equal to Executive’s Target Annual Bonus for the year of termination based on service from the commencement of the applicable bonus year through the
Effective Date of Termination. In addition, vesting and all other rights with respect to stock options and other equity-based compensation awards not covered by Section 6.1 above (other than LTIP Awards) will be treated in accordance with the
equity incentive plan under which the relevant grant was made and any applicable grant agreements; provided, however, that Executive shall be considered for such purpose to have been employed at the end of the calendar year in which the termination
occurred. Any LTIP Awards not covered by Section 6.1 hereof will be treated in accordance with the LTIP as then in effect; provided that if the Company terminates Executive’s employment for reasons other than death, Disability or Cause or
Executive timely terminates his employment for Good Reason, and such termination occurs during the Employment Period and within twenty-four (24) months after a Change in Control, notwithstanding Section VI.D. of the LTIP Guidelines
currently in effect (or any comparable provisions in any subsequently adopted LTIP Guidelines), Executive will be entitled to payment of the full amount (without pro ration) of any unvested LTIP Awards that have been made to Executive for any
Performance Period that has commenced, payable in cash and/or equity, as previously determined by the Executive Compensation Committee with respect to the applicable Performance Period, calculated in accordance with the LTIP Guidelines; provided
that for purposes of calculating the LTIP Award for any Performance Period that has commenced (1) for any completed calendar year in which actual performance by the Company and/or Executive against corporate Performance Targets (as defined in
the LTIP Guidelines) or individual performance goals, as applicable, has been measured, and such measurement has been ratified by the Company’s Executive Compensation Committee prior to the effective date of the Change in Control, such
measurement shall be used and (2) for any calendar year in which actual performance by the Company and/or Executive against corporate Performance Targets or individual performance goals has not yet been so measured and ratified by the Executive
Compensation Committee prior to the effective date of the Change in Control, such corporate Performance Targets and individual performance goals shall be either (x) deemed 100% satisfied 
  

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 or (y) measured against actual performance by the Company and/or the Employee against corporate Performance Targets
or individual performance goals, as applicable, whichever is greater, which LTIP Awards shall be payable in accordance with the terms of the original grant agreement, if any, and otherwise in accordance with the LTIP Guidelines in effect for such
Performance Period. The entitlement of Executive to benefits under any benefit program, policy or plan described in Section 5.1 shall be determined in accordance with the provisions of such program, policy or plan; provided, however, that,
subject to the last sentence of Section 6.5, the Company shall provide, at its expense, continued participation in any medical insurance and dental insurance plans in which Executive or his dependents participated as of the Effective Date of
Termination for twenty-four (24) months following the Effective Date of Termination, as described in Section 6.5. 
 6.9
Effective Date of Termination. For purposes of this Agreement, the Effective Date of Termination shall mean: in the event of (a) Executive’s death, his date of death; (b) Executive’s Disability, the date specified in the
written notice of termination provided for in Section 6.3(a); (c) termination of Executive’s employment without Cause, the date specified in the Company’s notice of termination provided for in Section 6.5;
(d) termination of Executive’s employment for Cause, the date on which written notice of termination is delivered to Executive as provided in Section 6.6(a); (e) termination of Executive’s employment for Good Reason, the
date specified by Executive in his written notice of termination as provided for in Section 6.7(a); (f) voluntary termination by Executive pursuant to Section 6.4, the date specified by Executive in his written notice of termination
provided for in Section 6.4 and (g) either party giving written notice of non-renewal in accordance with Section 1.2, the date of expiration of the Employment Period. 
 6.10 Termination by Mutual Consent; Expiration of Term. If at any time during the Employment Period, the parties by mutual consent decide to
terminate Executive’s employment or this Agreement on a basis other than that set forth in this Agreement, they shall do so only by separate written agreement setting forth the terms and conditions of such termination. 
 6.11 Cooperation with the Company after Termination of Employment. Following termination of Executive’s employment for any reason, Executive
shall cooperate with the Company in all matters relating to any litigation in which the Company is or becomes involved or any investigation of the Company or its affairs by a governmental agency or a Committee of the Company’s Board of
Directors, and in the winding up of his pending work on behalf of the Company, including, but not limited to, the orderly transfer of any such pending work to other employees of the Company as may be designated by the Company. The Company agrees to
reimburse Executive for any time and reasonable out-of-pocket expenses he incurs in performing any work on behalf of the Company following the termination of his employment. 
 6.12 Company Right to Recover Severance Payments. Executive hereby agrees that, if it is ever determined by the Board of Directors, as recommended
by the Audit Committee of the Company, that actions by the Executive have constituted wrongdoing that contributed to any material misstatement or omission from any report or statement filed by the Company with the U.S. Securities and Exchange
Commission, gross misconduct, breach of fiduciary duty to the Company, or fraud, then the Company, or its successor, as appropriate, may recover all of any award or payment made to Executive, less the amount of any net tax owed by the Executive with
respect to such award or payment over the tax benefit to the Executive from the repayment or return of the award or payment, pursuant to Section 6.5 (“Termination by the Company without Cause”), 6.7 (“Termination by Executive for
Good Reason”) or 6.8 
  

 - 11 - 

 (“Termination After a Change in Control”), and Executive agrees to repay and return such awards and amounts to
the Company within 30 calendar days of receiving notice from the Company that the Board of Directors has made the determination referenced above and accordingly the Company is demanding repayment pursuant to this Section 6.12. The Company or
its successor may, in its sole discretion, affect any such recovery by (i) obtaining repayment directly from Executive; (ii) setting off the amount owed to it against any amount or award that would otherwise be payable by the Company to
Executive; or (iii) any combination of (i) and (ii) above. 
 6.13 Compliance with Code Section 409A. The Company
and Executive agree to execute any reasonable amendments to this Agreement as may be necessary to ensure compliance with Section 409A of the Code. 
 7. Change in Control. 
 7.1 Definition of “Change in Control.” A “Change
in Control” of the Company shall be deemed to have occurred as of the first day on which any one or more of the following conditions shall have been satisfied: 
 (a) The acquisition of beneficial ownership, as such term is defined in the Securities Exchange Act of 1934, as amended (the “Exchange Act”), in a single transaction or series of related transactions (by
tender offer or otherwise), of more than fifty percent (50%) of the voting securities of the Company by a single person or entity (other than the Company) or “group” within the meaning of Section 13(d)(3) of the Exchange Act,
whether through the acquisition of previously issued and outstanding voting securities, or of voting securities that have not been previously issued, or any combination thereof; or 
 (b) There shall be consummated any consolidation, merger, business combination or reorganization involving the Company or the securities of the Company
in which holders of voting securities of the Company immediately prior to such consummation own, as a group, immediately after such consummation, voting securities of the Company (or, if the Company does not survive such transaction, voting
securities of the corporation surviving such transaction) having less than fifty percent (50%) of the total voting power in an election of directors of the Company (or such other surviving corporation); or 
 (c) The individuals who constituted the Company’s Board of Directors as of the Effective Date (the “Incumbent Board”) cease for any
reason to constitute at least a majority of the directors of the Company; provided, however, that individuals whose election, or whose nomination for election by the Company’s shareholders, was approved by a vote of at least two-thirds
(2/3) of the persons then comprising the Incumbent Board shall be considered, for purposes of this Agreement, members of the Incumbent Board; and provided, further, that no individual shall be considered a member of the Incumbent Board if such
individual initially assumed office as a result of either an actual or threatened “election contest” (as described in Rule 14a-11 promulgated under the Exchange Act) (an “Election Contest”) or other actual or threatened
solicitation of proxies or consents by or on behalf of a person or entity other than the Company’s Board of Directors (a “Proxy Contest”), including by reason of any agreement intended to avoid or settle any Election Contest or Proxy
Contest; or 
 (d) There shall be consummated any sale, lease, exchange or other transfer (in one transaction or a series of related
transactions) of all or substantially all of the assets of the Company (on a consolidated basis) to a party which is not a direct or indirect 
  

 - 12 - 

 wholly-owned subsidiary of the Company, including, without limitation, any sale, lease, exchange or other transfer of all
or substantially all of the assets of the Company (on a consolidated basis) that includes the assets of The Mills Limited Partnership, a Delaware limited partnership (the “Operating Partnership”); or 
 (e) The Company (or its successor) no longer serves as the sole general partner of the Operating Partnership other than as a result of (i) the
merger of the Operating Partnership with the Company or a subsidiary of the Company, (ii) the redemption of all limited partnership interests in the Operating Partnership by the Operating Partnership or the purchase of all such limited
partnership interests by the Company, or (iii) the liquidation, dissolution or winding up of the Operating Partnership. 
 Notwithstanding anything in
this Agreement to the contrary, a Change in Control shall be deemed not to have occurred with respect to Executive (a) if Executive is involved as an officer, director, employee, agent, finder, consultant, partner, investor, creditor or
principal, or in any other individual or representative capacity whatsoever, with an entity that acquires an interest in the Company in a transaction that otherwise would constitute a Change in Control and, pursuant to a written or unwritten
agreement or understanding with such entity entered into prior to or in connection with such transaction (a “Change in Control Agreement”), Executive receives or has the right to receive a material economic benefit as a result of or in
connection with such transaction (other than compensation granted or awarded to Executive by the Company in the ordinary course of business consistent with past practice pursuant to this Agreement or solely as a result of his then-current ownership
interest in the Company), or (b) if any of the foregoing transactions occurs with any employee benefit plan of the Company or with any trustee or fiduciary or committee of any employee benefit plan of the Company, any affiliate of the Company,
any direct or indirect wholly-owned subsidiary of the Company, or any entity owned, directly or indirectly, by the shareholders of the Company in substantially the same proportions as their ownership of stock of the Company prior to the event that
would otherwise constitute a Change in Control. For purposes of this Section 7.1, a “material economic benefit” shall mean any compensation, payment, beneficial ownership interest in the Company or another entity that is party to any
of the foregoing transactions, or other economic benefit (other than compensation granted or awarded to Executive by the Company in the ordinary course of business consistent with past practice pursuant to this Agreement or solely as a result of his
then-current ownership interest in the Company) that has a value equal to or greater than forty percent (40%) of Executive’s Base Salary in effect as of the effective date of the Change in Control; provided, however, that if this Agreement
is terminated as a result of or in connection with such transaction, the amount of compensation paid or payable pursuant to this Agreement shall be deducted from any compensation paid or payable pursuant to a Change in Control Agreement in
calculating whether Executive receives or has the right to receive a material economic benefit as a result of or in connection with such transaction. With respect to Executive, the foregoing definition of Change in Control shall supersede the
definition of Change in Control set forth in, and shall be used for purposes of, the 2004 Plan, the LTIP Guidelines and the PIP Guidelines and any awards or grants under the 2004 Plan, the LTIP Guidelines and the PIP Guidelines. 
 8. Confidentiality and Non-competition. 
 8.1 Post-Employment Obligations. 
 (a) Unless Executive obtains the prior written approval of the
Company, Executive shall not, at any time during the Employment Period or at any time during 
  

 - 13 - 

 an applicable Non-Compete Period (as defined below), directly or indirectly, engage either individually or as an officer,
director, employee, agent, consultant, partner, investor (excluding passive investments in voting securities of a publicly traded entity aggregating less than five percent (5%) of any such entity’s total outstanding voting securities),
creditor, principal or otherwise, (i) in the predevelopment, development, redevelopment, operation, management or leasing of any type of retail or entertainment-based shopping centers, malls, strip centers or other similar commercial
properties, (ii) in the provision of related services or (iii) in any other businesses then carried on by the Company in which Executive was involved during the Employment Period, in each such instance noted above, in any way that would
compete with the business activities then carried on by the Company; provided, however, that retail or entertainment-based shopping centers, malls, strip centers or other commercial properties with an aggregate square footage of less than 250,000
square feet shall be deemed not to compete with the business activities of the Company for purposes of this Section 8.1(a). For purposes of this Section 8.1(a), the term “Non-Compete Period” shall mean (Y) in the event that
Executive’s employment with the Company is terminated by the Company without Cause or by Executive with Good Reason and a Change in Control has not occurred within the twenty-four (24) month period preceding the Effective Date of
Termination, the period beginning on the Effective Date of Termination and ending on the first anniversary of the Effective Date of Termination, and (Z) in the event that Executive’s employment with the Company is terminated by the
Executive voluntarily pursuant to Section 6.4 hereof, the period beginning on the Effective Date of Termination and ending on the date that is one hundred twenty (120) days after the Effective Date of Termination; provided that there shall
be no Non-Compete Period in the event that, within the twenty-four (24) month period following a Change in Control, Executive’s employment with the Company is terminated by the Company without Cause or by Executive for Good Reason or the
Executive voluntarily terminates his employment with the Company. Any Non-Compete Period in effect upon the occurrence of a Change in Control shall end as of the effective date of such Change in Control. 
 (b) Unless Executive obtains the prior written approval of the Company, Executive shall not, at any time during the Employment Period and for a period
of twenty-four (24) months following the termination of Executive’s employment with the Company for any reason, whether voluntary or involuntary, or whether due to the expiration, non-renewal or termination of this Agreement, directly or
indirectly, cause, solicit, entice or induce any employee of the Company or any employee of any affiliate of the Company to leave the employ of the Company or such affiliate, to interfere in any manner with the business of the Company or any such
affiliate or to accept employment with, or compensation from, Executive or any other person, entity or business. 
 8.2 Confidentiality
Covenants. 
 (a) Executive acknowledges that, in the course of his employment with the Company, the Company has provided and will
provide Executive with, and Executive has had and will have access to, material, non-public information and other materials and information that constitute trade secrets or other intellectual property or proprietary material of the Company and its
affiliates (“Proprietary Property”). Such Proprietary Property includes, but is not limited to, information (regardless of the form or medium in which such information is stored or contained) regarding the operations, markets, structure,
project development or redevelopment activities or plans, business opportunities, acquisition activities or plans, processes, techniques, technologies, promotional or marketing plans, strategies, forecasts, new products or services, systems,
financial information, budgets, projections, licenses, prices, costs, 
  

 - 14 - 

 or employees of the Company or any affiliate of the Company and/or their clients, tenants, prospective clients or
prospective tenants or the identity of, or the Company’s or any affiliate of the Company’s relationship with, its clients, tenants, prospective clients, prospective tenants, subcontractors or vendors, including but not limited to technical
data, drawings, specifications, trade secrets, databases, proprietary software, works of authorship, designs, research and development, ideas, concepts, improvements, inventions, theories, formulas, plans, policies, procedures and other innovations
and all other information and materials developed, conceived, made or reduced to practice by Executive or other employees of the Company or its affiliates in connection with their activities for or on behalf of the Company or its affiliates and/or
developed through the use of the Company’s or any affiliate of the Company’s resources, including trademarks, copyrights and other intellectual property, whether or not any of the foregoing is patentable or copyrightable, and any other
information learned by Executive in the course of Executive’s employment with the Company. Such Proprietary Property shall be the sole and exclusive property of the Company and its affiliates. Executive shall have no right, title or interest in
and to the Proprietary Property and hereby assigns to the Company any rights Executive may have or acquire in the Proprietary Property. 
 (b) Executive covenants and agrees to hold the Proprietary Property in the strictest confidence and not to during the Employment Period or at any time thereafter directly or indirectly, (i) communicate, disclose or divulge to any other
person or entity any Proprietary Property or any information in any way relating to the Proprietary Property other than in connection with the performance of Executive’s duties for the Company under this Agreement or (ii) use for the
benefit of Executive or any other person or entity (other than the Company and its affiliates), or to the disadvantage of the Company and its affiliates, the Proprietary Property or any information in any way relating to the Proprietary Property.

 (c) Notwithstanding anything herein to the contrary, (i) any disclosure of Proprietary Property made by Executive pursuant to valid
legal process (including, but not limited to, a subpoena or court order) shall not be considered a violation of this Section 8.2 so long as Executive has promptly notified the Company of his receipt of such process and provided the Company with
an opportunity to contest the validity of the process; and (ii) the term “Proprietary Property” shall not include any information that becomes public by any means other than a breach by Executive of this Agreement or is rightfully
disclosed to Executive by a third party without restriction and not in violation of any duty of confidentiality owed to the Company. 
 (d)
Executive agrees that Executive will not, during Executive’s employment with the Company, improperly use or disclose any proprietary or confidential information or trade secrets of any former or concurrent employer or other person or entity and
that Executive will not bring onto the premises of the Company any unpublished document or proprietary or confidential information belonging to any such employer, person or entity unless consented to in writing by such employer, person or entity.

 (e) Executive recognizes that the Company has received and in the future will receive from third parties their confidential or
proprietary information subject to a duty on the Company’s part to maintain the confidentiality of such confidential or proprietary information in the strictest confidence and not to disclose it to any person or entity or use it except as
necessary in carrying out Executive’s work for the Company consistent with the Company’s agreement with such third party. 
  

 - 15 - 

 (f) Executive will obtain the written approval of the Senior Vice President, Marketing of the Company
before publishing or submitting for publication any material (written, verbal, or otherwise) that relates to Executive’s work at the Company and/or incorporates any Proprietary Property. 
 8.3 Covenants Concerning Return of Company Property. Upon demand by the Company and/or upon termination of Executive’s employment with the
Company for any reason, whether voluntary or involuntary or whether due to the expiration, non-renewal or termination of this Agreement, Executive shall promptly deliver to the Company (and not keep in Executive’s possession, recreate or
deliver to anyone else) all Proprietary Property (in any format whatsoever) and all other property and materials belonging to the Company, including, without limitation, all lists of and information pertaining to the Company’s clients, tenants,
prospective clients, prospective tenants, subcontractors and vendors and any work product developed by Executive pursuant to or in connection with Executive’s employment with the Company or otherwise belonging to the Company, but excluding
materials distributed to employees of the Company generally and relating to Executive’s rights and obligations as an employee of the Company. Upon termination of Executive’s employment by the Company or Executive or in the event the
Company or Executive delivers a notice of non-renewal in accordance with Section 1.2 hereof, on the Effective Date of Termination Executive shall deliver to the Company a Termination Certification substantially in the form of Exhibit C attached
hereto duly executed by Executive and dated as of the Effective Date of Termination. 
 8.4 Certain Acknowledgments. Executive
acknowledges and agrees that: 
 (a) As a key management person, Executive is involved, on a high level, in the development, implementation
and management of the Company’s development strategies and plans. By virtue of Executive’s unique and sensitive position and special background, employment of Executive by a competitor of the Company at any time while the covenants set
forth in Section 8.1 are in effect represents a serious competitive danger to the Company, and the use of Executive’s talent and knowledge and information about the Company’s business strategies can and would constitute a valuable
competitive advantage over the Company; 
 (b) Enforcement of the covenants set forth in this Section 8 hereof will not prevent
Executive from earning a living in the real estate industry; 
 (c) The Company has made or will make a substantial investment in Executive
and the Company’s business; 
 (d) The restrictions provided in this Section 8 are reasonable, proper and necessary for the
Company’s protection; and 
 (e) This Agreement is not intended to restrict Executive from performing work in a role that does not
compete with the then-current business of the Company. 
 8.5 Enforcement and Remedies. 
 (a) If a court of competent jurisdiction finds Section 8, or any of its restrictions, to be ambiguous, unenforceable and/or invalid, Executive and
the Company agree that such court shall (i) in the case of ambiguity, read Section 8 as a whole and interpret the restriction(s) at issue to be enforceable and valid to the maximum extent allowed by law for the protection of the
Company’s business interests; and (ii) in the case of unenforceability or 
  

 - 16 - 

 invalidity, eliminate such enforceable or invalid provisions from this Agreement to the extent necessary to permit the
remaining provisions to be enforced to the maximum extent permitted for the protection of the Company’s business interests. 
 (b)
Executive acknowledges that it may be impossible to assess the monetary damages incurred by his violation of this Section 8, or any of its terms, and that any threatened or actual violation or breach of this Section 8, or any of its terms,
will constitute immediate and irreparable injury to the Company. Executive expressly agrees that, in addition to any and all other damages and remedies available to the Company as a result of Executive’s breach of Section 8, the Company
shall be entitled to an injunction restraining Executive from violating or breaching Section 8 or any of its terms. 
 (c) If the
Company is successful in whole or part in any legal or equitable action against Executive under this Section 8, the Company shall be entitled to reimbursement from Executive of all costs, including reasonable attorney’s fees, incurred by
the Company in connection with such legal or equitable action. 
 8.6 Mutual Non-Disparagement. Executive shall not, at any time
during or after the Employment Period, make or publish any derogatory, unfavorable, negative, disparaging, false, damaging or deleterious written or oral statements or remarks (including without limitation, the repetition or distribution of
derogatory rumors, allegations, or negative or unfavorable reports or comments) regarding the Company or any of its affiliates or any members of their respective managements or the business affairs or performance of the Company or any of its
affiliates or any of the respective managements. The Company shall not at any time during or after the Employment Period make or publish any derogatory, unfavorable, negative, disparaging, false, damaging or deleterious written or oral statements or
remarks regarding Executive or his performance to anyone who is not an officer, director or employee of the Company or any of its affiliates. For purposes of this Section 8.6, a statement or remark shall be deemed to have been made by the
Company only if it is made or authorized by a member of the Board of Directors or executive management of the Company. Nothing in this Section 8.6 shall be construed to limit any person’s ability to give truthful testimony pursuant to
valid legal process, including but not limited to, a subpoena or court order. 
 8.7 Publication of this Agreement to Subsequent Employers
or Business Associates. Executive agrees that, if Executive is offered employment or the opportunity to enter into any business venture as an owner, partner, consultant or in any other capacity in the businesses or industries covered by
Section 8 of this Agreement while the restrictions described in Section 8 of this Agreement are in effect, Executive will inform the offeror of the existence of Section 8 of this Agreement and provide the offeror with a copy thereof.
Executive authorizes the Company to provide a copy of relevant provisions of this Agreement to any of the persons or entities described herein and to make such persons aware of Executive’s obligations under this Section 8. 
 8.8 Employee Inventions Agreement. As a condition to effectiveness of the Company’s obligations under this Agreement, Executive shall have
duly executed and delivered to the Company, on or prior to the Effective Date, an Employee Inventions Agreement substantially in the form of Exhibit B attached hereto, the terms of which are hereby incorporated by reference into, and shall be deemed
a part of, this Section 8. 
  

 - 17 - 

 9. Director’s and Officer’s Liability Insurance. The Company shall, at its sole cost and
expense, provide Executive with director’s and officer’s liability insurance coverage with respect to services rendered during the Employment Period in an amount not less than $10,000,000. 
 10. Assignment. 
 10.1
Assignment by the Company. This Agreement may, and shall be, assigned or transferred to, and shall be binding upon and shall inure to the benefit of, any successor of the Company, and any such successor shall be deemed substituted for all
purposes for the “Company” under the terms of this Agreement (other than for the purpose of determining whether a Change in Control has occurred under Section 7.1). Notwithstanding such assignment, the Company (if it survives) shall
remain, with such successor, jointly and severally liable for all its obligations hereunder. Except as herein provided, this Agreement may not otherwise be assigned by the Company. 
 10.2 Assignment by Executive. The services to be provided by Executive to the Company pursuant to this Agreement are personal to Executive, and
Executive’s duties may not be assigned by Executive; provided, however, that this Agreement shall inure to the benefit of and shall be enforceable by Executive’s personal or legal representatives, executors and administrators, heirs,
distributees, devisees and legatees. Unless otherwise required by law, if Executive dies while any amounts payable to Executive hereunder remain outstanding, all such amounts shall be paid in accordance with the terms of this Agreement to the
beneficiary designated in writing to the Company prior to his death or if Executive has not designated a beneficiary or the designated beneficiary does not survive Executive, to Executive’s estate. 
 11. Arbitration. 
 11.1
Exclusive Remedy. The parties recognize that litigation in federal or state courts or before federal or state administrative agencies of disputes arising out of Executive’s employment with the Company or out of this Agreement, with the
exception of Section 8, may not be in the best interests of either Executive or the Company, and may result in unnecessary costs, delays, complexities and uncertainty. The parties agree that any dispute between the parties arising out of or
relating to Executive’s employment, or to the negotiation, execution, interpretation, performance or termination of this Agreement, whether that dispute arises during or after employment and whether the dispute derives in contract, tort,
statute or otherwise, with the exception of any dispute arising out of or related to Section 8, shall be resolved by arbitration in the Washington, D.C. metropolitan area before one neutral arbitrator, which arbitration shall be conducted in
accordance with the National Employment Arbitration Rules of the American Arbitration Association (“AAA”), as modified by the provisions of this Section 11. The parties each further agree that the arbitration provisions of this
Agreement shall provide each party with its exclusive remedy, and each party expressly waives any right it might have to seek redress in any other forum, except as otherwise expressly provided in this Agreement. By election of arbitration as the
means for final settlement of all claims, the parties hereby waive their respective rights to, and agree not to, sue each other in any action in a Federal, State or local court with respect to such claims, but may seek to enforce in court an
arbitration award rendered pursuant to this Agreement. 
 11.2 Arbitrator’s Authority. Except as provided in Section 12.4
hereof, in reaching his or her decision, the arbitrator shall have no authority to add to, detract from or otherwise modify any provision of this Agreement. Judgment upon the award rendered by the arbitrator may be entered in any court having
competent jurisdiction. 
  

 - 18 - 

 11.3 Effect of Arbitrator’s Decision: Arbitrator’s Fees. The decision of the arbitrator
shall be final and binding on the parties as to all claims which were or could have been raised in connection with the dispute, to the full extent permitted by law. If the Company initiates the arbitration, then it shall pay AAA’s
administrative fees. If Executive initiates the arbitration, then Executive shall pay up to the first $150.00 of AAA’s administrative fees (representing the current federal court filing fee) and the Company shall pay the remainder. Each side
shall pay its own legal fees and expenses, although the arbitrator shall have the discretion to award reasonable legal fees and expenses to a prevailing party or as provided by any applicable substantive law. The fees and expenses of the arbitrator
shall be paid completely by the Company to AAA, which shall disburse the fees to the arbitrator without identifying which party paid the fees. 
 11.4 Indemnification. If either party breaches this arbitration agreement and attempts to resolve in court claims covered by this provision, the litigating party agrees to indemnify the other party for all its reasonable legal costs
and attorney’s fees incurred to defend such action in court and to enforce the provisions of the arbitration clause. 
 11.5
Continuing Nature of Agreement to Arbitrate. The parties acknowledge and agree that their obligations under this arbitration agreement survive the termination of this Agreement and continue after the termination of the employment relationship
between Executive and the Company. 
 12. General Provisions. 
 12.1 Notice. Any notice required or permitted hereunder shall be made in writing (a) by actual delivery of the notice into the hands of the
party thereunder entitled, (b) by the mailing of the notice by first class mail, certified or registered mail, return receipt requested, all postage prepaid or (c) by nationally recognized overnight delivery service and addressed to the
party to whom the notice is to be given at the party’s respective address set forth below, or such other address as the parties may from time to time designate by written notice as herein provided. 
  

			
	To the Company:	  	The Mills Corporation
		  	1300 Wilson Boulevard, Suite 400
		  	Arlington, Virginia 22209
		  	Attn: Chief Executive Officer
		
	with copies to:	  	The Mills Corporation
		  	1300 Wilson Boulevard, Suite 400
		  	Arlington, Virginia 22209
		  	Attn: General Counsel
		
		  	and
		
		  	Karen A. Dewis, Esquire
		  	McDermott, Will & Emery
		  	600 13th Street, NW
		  	Washington, DC 20005

  

 - 19 - 

			
	To Executive:	  	Mark S. Ordan
		  	7318 Heatherhill Court
		  	Bethesda, MD 20817

 The notice shall be deemed to be received in case (a) on the date of its actual receipt by the party entitled
thereto, in case (b) on the third business day following the date of its mailing and in case (c) on the next business day following the date of its delivery to such nationally recognized overnight delivery service. 
 12.2 Amendment and Waiver. No amendment or modification of this Agreement shall be valid or binding upon (a) the Company unless made in
writing and signed by a duly authorized officer of the Company or (b) Executive unless made in writing and signed by him. 
 12.3
Non-Waiver of Breach. No failure by either party to declare a default due to any breach of any obligation under this Agreement by the other, nor failure by either party to act quickly with regard thereto, shall be considered to be a waiver of
any such obligation, or of any future breach. 
 12.4 Severability. If any provision or portion of this Agreement, with the exception
of Sections 1, 2 and 4, shall be determined to be invalid or unenforceable for any reason, the remaining provisions of this Agreement shall be unaffected thereby and shall remain in full force and effect. 
 12.5 Tax Withholding. The Company may withhold from any payments to Executive under this Agreement all Federal, state, city, or other taxes as may
be required pursuant to any law or governmental regulation or ruling. 
 12.6 Governing Law. To the extent not preempted by Federal
law, the validity and effect of this Agreement and the rights and obligations of the parties hereto shall be construed and determined in accordance with the internal substantive laws of the State of Delaware, without regard to its conflict-of-laws
or choice-of-law principles. 
 12.7 Entire Agreement. This Agreement, including the Exhibits and Schedules hereto, contains all of
the terms agreed upon by the Company and Executive with respect to the subject matter hereof and, as of the Effective Date, supersedes all prior agreements, arrangements and communications between the parties dealing with the subject matter hereof,
whether oral or written. To the extent this Agreement conflicts with any terms, conditions or agreements set forth in any Company plan, policy or manual, the terms of this Agreement shall govern. 
 12.8 Headings. Numbers and titles to paragraphs and sections hereof are for information purposes only and, where inconsistent with the text, are
to be disregarded. 
 12.9 Counterparts. This Agreement may be executed in any number of counterparts, each of which shall be deemed
an original, but all of which, when taken together, shall be and constitute one and the same instrument. 
 12.10 Survival beyond
Termination. Notwithstanding anything in this Agreement to the contrary, the restrictions and obligations contained in Sections 6, 8, 11 and 12.5 
  

 - 20 - 

 shall survive termination of Executive’s employment, whether voluntary or involuntary and whether due to the
expiration, non-renewal or termination of this Agreement, and be binding regardless of the reason for termination of employment. Executive covenants that if Executive should ever seek to avoid his obligations under Section 6.11, Section 8,
Section 11 or Section 12.5 because Executive contends that such restrictions are unenforceable as written for any reason, Executive shall provide notice to the Company in accordance with the provisions of Section 12.1 of this
Agreement setting forth in detail the reasons that Executive believes such restrictions to be unenforceable. 
 12.11 Knowing and
Voluntary Execution. Each of the parties hereto has carefully read and considered all of the terms of this Agreement, including Section 8 and the restrictions contained in it. Each of the parties has freely, willing and knowingly entered
into this Agreement with the intent to be bound by it. 
  

 - 21 - 

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

					
	The Company:	 	THE MILLS CORPORATION
		 	    a Delaware corporation
			
		 	By:	 	 /s/ Laurence C. Siegel

			
		 		 	 Chief Executive Officer

			
	Executive:	 		 	
			
		 		 	 /s/ Mark S. Ordan

		 		 	Mark S. Ordan

  

 - 22 - 

 EXHIBIT A 
 FORM OF GENERAL RELEASE 
 1. Parties. This General Release (“General
Release”) is made by                          for himself and his family, heirs, executors, administrators, personal
and legal representatives and their respective successors and assigns (“Executive”), for the benefit of The Mills Corporation (the “Company”), and its subsidiaries and affiliated companies, and their current or former directors,
officers, employees, shareholders or agents (together with the Company, the “Released Parties”). 
 2. Separation
Benefits. If Executive signs and does not revoke this General Release, he or she will receive the benefits specified in Section 6.5, 6.7, or 6.8, as applicable, in the Employment Agreement by and between the Company and the Executive
dated              (the “Separation Benefits”). 
 3.
General Release. In exchange for the benefits described in Paragraph 2 above, Executive does hereby release and forever discharge the Released Parties from any and all actions, causes of action, suits, controversies, claims, liabilities
and demands whatsoever, for or by reason of any matter, cause, or thing whatsoever, whether known or unknown, that Executive has or may have against the Released Parties, arising under or in connection with Executive’s employment or termination
thereof, as of the date he signs this General Release, including, but not limited to, any and all claims that the Released Parties: 
  

	 	•	 	violated Title VII of the Civil Rights Act of 1964, as amended, the Age Discrimination in Employment Act (“ADEA”), the Civil Rights Act of 1991, the Americans with
Disabilities Act, or the Family and Medical Leave Act, or discriminated against Executive on the basis of any other status protected by local, state, or federal common laws, statutes, constitutions, regulations, ordinances, or executive orders;

  

	 	•	 	violated the Company’s personnel policies, procedures, any covenant of good faith and fair dealing, or any express or implied contract of any kind; or 

 

	 	•	 	violated public policy, statutory, or common law, including claims for: any tort, personal injury; invasion of privacy; wrongful discharge, intentional infliction of emotional
distress, intentional interference with contract; negligence; or detrimental reliance. 

 4. Exclusions From General
Release. Excluded from the release above are any claims or rights that cannot be waived by law, including Executive’s right to file a charge with an administrative agency or to participate in any agency investigation. Executive is,
however, waiving his right to recover money in connection with a charge filed by any other individual or by the Equal Employment Opportunity Commission or any other federal or state agency. Also excluded from the General Release are: (a) any
indemnification protection afforded to Executive pursuant to the Company’s Certificate of Incorporation or Bylaws; (b) any rights or claims that may arise as a result of events occurring after the date this General Release is executed;
(c) any claims for benefits under any directors’ and officers’ liability insurance policy maintained by the Company, in accordance with its terms; and (d) any claims by Executive solely in his or her capacity as a stockholder of
the Company or a holder of units of the Mills Limited Partnership, a Delaware limited partnership. 
  

 - 23 - 

 5. Covenant Not To Sue. A “covenant not to sue” is a legal term that means
Executive promises not to file a lawsuit in court, or otherwise sue the Released Parties in any forum. It is different from the General Release of claims contained in Paragraph 3 above. In addition to waiving and releasing the claims covered by
Paragraph 3, Executive further agrees that he will never individually or with any other person file, or commence the filing of, any lawsuits, complaints or proceedings of any kind with any state or federal court against the Released Parties with
respect to the matters covered by the General Release in Paragraph 3. Notwithstanding this Covenant Not to Sue, Executive may bring a claim against the Released Parties to enforce this General Release, or to challenge the validity of this General
Release under the ADEA. 
 Executive further represents that he has not assigned to any party any rights with respect to any actions, causes
of action, suits, controversies, claims, liabilities or demands released by Executive pursuant to Paragraph 3 above. 
 6. Revocation
Period. Executive will have seven days after he signs this General Release to revoke it if Executive so desires. Any revocation must be transmitted in writing to Michael Rodis, SVP Human Resources, The Mills Corporation, 1300 Wilson
Boulevard, Suite 400, Arlington, VA 22209, in a manner to be received within the seven day revocation period. This General Release will not be effective or enforceable until the seven day revocation period has expired without Executive revoking it.

 7. Executive Acknowledgments. Executive hereby acknowledges that (a) Executive has read this General Release,
understands all of its terms, and executes it knowingly and voluntarily, with full knowledge of its significance and the consequences thereof; and (b) some or all of the Separation Benefits exceed the benefits that Executive would otherwise be
entitled to upon separation of employment. 
 8. Governing Law. Executive acknowledges that this General Release will be
governed by and construed and enforced in accordance with the laws of the State of Delaware, to the extent not preempted by Federal law, and without regard to the conflict or choice of law provisions thereof. 
  

	
	  

	Executive Name
	
	                    , 200  

  

 - 24 - 

 EXHIBIT B 
 EMPLOYEE INVENTIONS AGREEMENT 
 As a condition of my employment with The Mills Corporation,
its subsidiaries, affiliates, successors or assigns (collectively, the “Company”), and in consideration of my employment with the Company and my receipt of the compensation now and hereafter paid to me by the Company, I agree to the
following: 
 1. Inventions 
 (a) Without further consideration, I agree to promptly disclose to the Company (during the period of my employment with the Company and for one year thereafter) and to hold in trust for the sole benefit of the Company and do hereby assign
and agree to assign to the Company or its designee, my entire right, title and interest in and to all inventions, discoveries, formulae, processes, systems, methods of operation, improvements, developments, ideas, concepts, designs, work of
authorship, Internet domain names, tradenames, trademarks, programs, source codes and related documentation (whether or not patentable or copyrightable) (collectively the “Intellectual Property”), including, without limitation, all rights
to obtain, register, perfect and enforce such Intellectual Property, which I may solely or jointly conceive or develop or reduce to practice or cause to be conceived or developed or reduced practice during the period of my employment with the
Company. Without limiting the generality of the foregoing, such assignment shall include, without limitation, all Intellectual Property that: 
 (i) relates to any services performed by me for the Company, or if not actually performed, services requested by the Company to be so performed, during the period of my employment with the Company, whether alone or
with others, whether or not during normal working hours and regardless of whether my own equipment, supplies or facilities or the Company’s equipment, supplies or facilities were used to create the Intellectual Property; 
 (ii) pertains to any present or reasonably anticipated line of business activity of the Company; or 
 (iii) was or is aided by the use of time, equipment, supplies, facilities, information or proprietary rights of the Company. 

(b) I acknowledge and agree that any Intellectual Property that is a work of authorship belongs to the Company and is a “work made for hire”
within the definition of Section 101 of the United States Copyright Acts of 1976, Title 17, United States Code. To the extent that any such Intellectual Property does not qualify as a “work made for hire,” this Agreement will
constitute an irrevocable assignment by me to the Company of the ownership of, and all rights of copyright in, such Intellectual Property. The Company or any of its direct or indirect licensees shall not be obligated to designate me as author of any
design, software, firmware, related documentation or any other work of authorship when distributed publicly or otherwise, nor to make any distribution. 
 (c) I agree to keep and maintain adequate and current written records of all Intellectual Property made by me, whether alone or with others, in the form of notes, sketches, drawings and other notations as may be
specified by the Company, which records shall be available to and remain the sole property of the Company at all times. 
  

 - 25 - 

 (d) I agree to perform, during and after the period of my employment with the Company, all acts deemed
necessary or desirable by the Company or its designee to permit and assist the Company or its designee, at the Company’s or its designee’s expense, in obtaining and enforcing the full benefits, enjoyment, rights and title throughout the
world in any patents, copyrights, trademarks, trade secrets and other rights in the Intellectual Property assigned to the Company or its designee in this Section 1, including, without limitation, execution of documents and assistance or
cooperation in legal proceedings and disclosure to the Company of all pertinent information and data with respect to the Intellectual Property. If the Company is unable because of my mental or physical capacity or for any other reason to secure my
signature to apply for or to pursue any application for United States or foreign patents or copyright registrations covering any Intellectual Property assigned to the Company or its designee under this Section 1, then I hereby irrevocably
designate and appoint the Company and its duly authorized officers and agents as my agent and attorney in fact, to act for and in my behalf and stead to execute and file any such applications and to do all other lawfully permitted acts to further
the prosecution and issuance of letters patent or copyright registrations thereon with the same legal force and effect as if executed by me. 
 2. Notification to New Employer. In the event that I leave the employ of the Company, I hereby grant consent to notification by the Company to my new employer about my rights and obligations under this Agreement. 
 3. Representations. I agree to execute any proper oath or verify any proper document required to carry out the terms of this Agreement. I
represent that my performance of all the terms of this Agreement will not breach any agreement to keep in confidence proprietary information acquired by me in confidence or in trust prior to my employment by the Company. I have not entered into, and
I agree I will not enter into, any oral or written agreement in conflict herewith. 
 4. Legal and Equitable Relief. I agree that a
breach of the covenants in Section 1 may cause irreparable harm and result in significant commercial damages to the Company and such harm and damages may be difficult to ascertain. Accordingly, I agree that if I breach such Section or threaten
to do so, the Company will have available, in addition to any other right or remedy available, the right to obtain an injunction from a court of competent jurisdiction restraining such breach or threatened breach and to specific performance of this
Agreement and of any such provision of this Agreement. I further agree that no bond or other security shall be required in obtaining such equitable relief, and I hereby consent to the issuance of such injunction and to the ordering of specific
performance. Finally, I agree that, in the event I breach this Agreement and the Company prevails in any action brought against me pursuant to this Section 4, the Company will be entitled to recover from me, in addition to all other relief to
which it may be entitled, the costs of such action, including reasonable attorneys’ fees. 
 5. Notices. Any notices required or
permitted by this Agreement shall be given to the appropriate party at the address specified below or at such other address as the party shall specify in writing. Such notice shall be deemed given upon personal delivery to the appropriate address or
if sent by certified or registered mail, three days after the date of mailing. 
  

 - 26 - 

 If to The Mills Corporation: 
 The Mills Corporation 
 1300 Wilson Boulevard, Suite 400 
 Arlington, Virginia 22209 
 Attention: General Counsel 
 If to Employee, to my address set forth in the Company’s books and records. 
 6. General Provisions. 
 (a) Governing Law; Consent to Personal Jurisdiction. This Agreement is governed by the laws of the Commonwealth of Virginia without regard to the
choice or conflict of law provisions thereof. I hereby expressly consent to the personal jurisdiction of the state and federal courts located in Virginia for any lawsuit filed there against me by the Company arising from or relating to this
Agreement. 
 (b) Severability. If any one or more of the provisions contained in this Agreement shall for any reason be held to be
excessively broad as to activity or subject, the Company and I agree that a court of competent jurisdiction shall reform that provision to the extent necessary to cause it to be enforceable to the maximum extent permitted by law. The Company and I
agree that we desire the court to reform such provision, and therefore agree that the court will have jurisdiction to do so and that we will abide by what the court determines. If such an interpretation is not possible regarding one or more of the
provisions in this Agreement, then such provision shall be deemed severed and the remaining provisions will continue in full force and effect, and this Agreement shall be construed as if such invalid, illegal or unenforceable provision had never
been contained herein. 
 (c) Successors and Assigns. This Agreement may not be assigned by me, but may be assigned by the Company to
any successor-in-interest thereof, including without limitation, by way of merger, reorganization or sale of all or substantially all of the assets of the Company. This Agreement will be binding upon my heirs, executors, administrators and other
legal representatives and is for the benefit of the Company, its successors, and its assigns. 
 (d) Waiver. No waiver by the Company
of any breach of this Agreement shall be a waiver of any preceding or succeeding breach. No waiver by the Company of any right under this Agreement shall be construed as a waiver of any other right. The Company shall not be required to give notice
to enforce strict adherence to all terms of this Agreement. No waiver of any rights under this Agreement will be effective unless in writing signed by both parties and in the case of the Company signed by the Chief Executive Officer, President or
Chief Operating Officer of the Company or his/her designee. 
 (e) Opportunity to Review. I acknowledge and agree that I have
carefully reviewed this Agreement, understand it, and have been given an opportunity to consult with counsel regarding this Agreement and my obligations hereunder. 
 (f) Survival. This Agreement shall survive the termination of my employment with the Company for any reason and the assignment of this Agreement by the Company to any successor-in-interest thereof. 

 

 - 27 - 

 (g) Entire Agreement; Amendments. This Agreement sets forth the entire agreement and understanding
between the Company and me and supersedes all prior agreements or understandings, oral or written, between us relating to the subject matter hereof. No modification of or amendment to this Agreement will be effective unless in writing signed by both
parties. Any subsequent change or changes in my duties, salary or compensation will not affect the validity or scope of this Agreement. 
  

			
	  
	  	  

	Date	  	Signature
		
	  
	  	  

	Witness	  	Name of Employee (typed or printed)
		
	  
	  	  

  

 - 28 - 

 EXHIBIT C 
 TERMINATION CERTIFICATION 
 This is to certify that I do not have in my possession, nor have I
failed to return, any Proprietary Property (as defined in the Employment Agreement between the Company (as defined below) and me) or other information or property belonging to The Mills Corporation, its subsidiaries, affiliates, successors or
assigns (together, the “Company”), including without limitation, any work product developed by me pursuant to or in connection with my employment with the Company or otherwise belonging to the Company. 
 I further certify that I have complied with all terms of the Employee Inventions Agreement between the Company and me, including the reporting of any
inventions conceived or made by me (solely or jointly with others) covered by that agreement. 
  

	
	Date:                     
	
	  

	(Employee’s Signature)
	
	  

	(Type/Write Employee’s Name)
	

  

 - 29 -Untitled Document

AGREEMENT AND
PLAN OF MERGER 

     This
AGREEMENT AND PLAN OF MERGER (this "AGREEMENT") has  been made as of June 26,
2006, by and among TAM OF  HENDERSON, INC., a Nevada corporation ("TMHN"), Full
Power  Enterprise Global Limited, a British Virgin Islands  corporation
("FPEG"), and the shareholders of FPEG, each of  whom is identified on Schedule
A to this Agreement (the  "FPEG SHAREHOLDERS"). 

     WHEREAS,
  the respective Boards of Directors of TMHN, Merger Sub and FPEG have approved
  the merger, pursuant and subject to the terms and conditions of this Agreement,
  whereby Merger Sub will merge with and into FPEG (the "MERGER"), whereby
  all of the issued and outstanding shares of Merger Sub will be converted into
  shares of FPEG and all of the issued and outstanding shares of the Common Stock
  of FPEG (the FPEG COMMON STOCK) will be converted into the right to receive
  a specified number of shares of the Common Stock of TMHN (the "TMHN COMMON
  STOCK"); and the parties each desire to make certain representations, warranties
  and agreements in connection with the Merger and also to prescribe various conditions
  to the Merger; 

     NOW,
THEREFORE, in consideration of the premises and the  representations, warranties and
covenants herein contained,  the parties agree to effect the Merger on the terms and
conditions herein provided and further agree as follows: 

                     ARTICLE
1. DEFINITIONS 

     1.1
DEFINITIONS. 

     In
addition to the other definitions contained in this  Agreement, the following terms will,
when used in this  Agreement, have the following respective meanings: 

     "AFFILIATE"
means a Person that, directly or indirectly,  controls, is controlled by, or is under
common control with,  the referenced party. 

        "BVI" means British Virgin Islands.

     "CLAIM"
means any contest, claim, demand, assessment,  action, suit, cause of action, complaint,
litigation,  proceeding, hearing, arbitration, investigation or notice of  any of the
foregoing involving any Person. 

     "CLOSING"
means the consummation of the Merger. 

     "CODE"
means the Internal Revenue Code of 1986, as amended,  together with all rules and
regulations promulgated  thereunder. 

     "CONSTITUENT
CORPORATIONS" means FPEG and Merger Sub, as the  constituent corporations of the Merger. 

     "GAAP"
means United States generally accepted accounting  practices. 

     "GCL"
means the Nevada General Corporation Law. 

       "MERGER SUB" means Merger Sub of Tam, Inc., a Nevada corporation wholly-owned by TMHN. 

     "PERSON"
means and includes any individual, partnership,  corporation, trust, company,
unincorporated organization,  joint venture or other entity, and any Governmental Entity. 

     "RECORD
HOLDER" means a holder of record of FPEG Common  Stock as shown on the regularly
maintained stock transfer  records of FPEG. 

     "SUBSIDIARY"
means, with respect to any Person, any  corporation, partnership, joint venture, trust or
other  entity of which such Person, directly or indirectly through  an Affiliate, owns an
amount of voting securities, or  possesses other ownership interests, having the power,
direct or indirect, to elect a majority of the Board of  Directors or other governing
body thereof. 

     "SURVIVING
CORPORATION" means FPEG, as the surviving  corporation of the Merger. 

     "U.S"
means the United States of America. 

     1.2
INTERPRETATION. 

     In
this Agreement, unless the express context otherwise  requires: 

          (a)
the words "HEREIN," "HEREOF" and "HEREUNDER and words of
similar import refer to this Agreement as a whole and not to  any particular provision of
this Agreement; 

          (b)
references to "ARTICLE" or "SECTION" are to the  respective Articles
and Sections of this Agreement, and  references to "EXHIBIT" or
"SCHEDULE" are to the respective  Exhibits and Schedules annexed hereto; 

          (c)
references to a "PARTY" means a party to this Agreement  and include references
to such party's successors and  permitted assigns; 

          (d)
references to a "THIRD PARTY" means a Person that is  neither a Party to this
Agreement nor an Affiliate thereof; 

          (e)
the terms "DOLLARS" and "$" means U.S. dollars; 

          (f)
terms defined in the singular have a comparable meaning  when used in the plural, and
vice versa; 

          (g)
the masculine pronoun includes the feminine and the  neuter, and vice versa, as
appropriate in the context; and 

          (h)
wherever the word "INCLUDE," "INCLUDES" or "INCLUDING is  used
in this Agreement, it will be deemed to be followed by  the words "without
limitation." 

                     ARTICLE
2. THE MERGER 

     2.1
EFFECTIVE TIME OF THE MERGER. 

     Subject
  to the provisions of this Agreement, the Merger will be consummated by the filing
  by with the Secretary of State of the State of Nevada and the appropriate corporation
  office in the British Virgin Islands, the articles of merger, in such form as
  required by, and signed and attested in accordance with, the relevant provisions
  of the GCL and the corporate law of the BVI (the time of such filing or such
  later time and date as is specified in such filing being the "EFFECTIVE
  TIME"). 

     2.2
CLOSING. 

     The
Closing will take place on the earliest date practicable  after all of the conditions set
forth in Article 9 are  satisfied or waived by the appropriate party. 

     2.3
EFFECTS OF THE MERGER. 

     By
virtue of the Merger and without the necessity of any  action by or on behalf of the
Constituent Corporations, or  either of them: 

     At
and after the Effective Time, the Surviving Corporation  will possess all the rights,
privileges, powers and  franchises of a public as well as of a private nature, and  be
subject to all the restrictions, disabilities and duties,  of each of the Constituent
Corporations; and all property,  real, personal and mixed, and all debts due to either of
the  Constituent Corporations on whatever account, as well for  stock subscriptions as
all other things in action or  belonging to each of the Constituent Corporations will be
vested in the Surviving Corporation; and all property,  rights, privileges, powers and
franchises, and all and every  other interest will be thereafter as effectually be the
property of the Surviving Corporation as they were of the  respective Constituent
Corporations, and the title to any  real estate vested by deed or otherwise, in either of
the  Constituent Corporations, will not revert or be in any way  impaired; but all rights
of creditors and all liens upon any  property of either of the Constituent Corporations
will be  preserved unimpaired, and all debts, liabilities and duties  of the respective
Constituent Corporations will thereafter  attach to the Surviving Corporation, and may be
enforced  against it to the same extent as if such debts and  liabilities had been
incurred or contracted by it. 

                     ARTICLE
3. EFFECT OF MERGER ON CAPITAL STOCK 

     3.1
EXCHANGED SHARES; MERGER CONSIDERATION. 

               (i)
“EXCHANGED SHARES” means all shares of FPEG Common Stock  issued and
outstanding immediately prior to the Effective  Time other than shares of FPEG Common
Stock, if any, held by  FPEG as treasury stock. 

               (ii)
  The consideration payable to the shareholders of FPEG in the Merger will consist
  of twenty million (20,000,000) shares of TMHN Common Stock, which shall be distributed
  among the FPEG Shareholders in accordance with Schedule A hereto (the “MERGER
  CONSIDERATION”). 

               (iii)
  EXCHANGE OF EXCHANGED SHARES FOR MERGER CONSIDERATION. As of Effective Time,
  by the virtue of the Merger, each issued and outstanding Exchanged Share will
  be converted into the right to receive an allocable portion of the Merger Consideration,
  payable, to the Record Holders of Exchanged Shares at the Effective Time. As
  of the Effective Time, all shares of FPEG Common Stock outstanding prior to
  the Merger, which does not include shares issuable as a result of the Merger
  in exchange for shares of Merger Sub will no longer be outstanding and will
  automatically be cancelled and retired and will cease to exist, and each holder
  of a certificate representing any such shares will cease to have any rights
  with respect thereto, except the right to receive the Merger Consideration therefor,
  without interest, upon the surrender of such certificate in accordance with
  Section 3.2. 

                    (iv) As of the Effective Time all shares of Merger Sub Common Stock owned by TMHN will automatically be converted into one share of FPEG. 

     3.2
EXCHANGE OF MERGER CONSIDERATION FOR EXCHANGED SHARES. 

          (a)
  EXCHANGE. On the Closing Date, the holders of all of the FPEG Common Stock shall
  deliver to TMHN certificates or other documents evidencing all of the issued
  and outstanding FPEG Common Stock, duly endorsed in blank or with executed power
  attached thereto in transferable form. In exchange for all of the FPEG Common
  Stock tendered pursuant hereto, TMHN shall issue to FPEG Shareholders the Merger
  Consideration. 

          (b)
NO FURTHER OWNERSHIP RIGHTS IN FPEG COMMON STOCK. All  shares of TMHN Common Stock issued
upon the surrender for  exchange of shares of FPEG Common Stock in accordance with  the
terms hereof will be deemed to have been issued in full  satisfaction of all rights
pertaining to such shares of FPEG  Common Stock, and there will be no further
registration of  transfers of the  shares of FPEG Common Stock (other than shares held
directly  or indirectly by TMHN) after the Effective Time. If, after  the Effective Time,
Certificates are presented to the  Surviving Corporation or its transfer agent for any
reason,  such Certificates will be cancelled and exchanged as  provided by this Article 3. 

                     ARTICLE
4. REPRESENTATIONS AND WARRANTIES OF FPEG 

     FPEG
represents and warrants to TMHN as follows, as of the  date hereof and as of the Closing
Date: 

     4.1
ORGANIZATION. 

     FPEG
is a corporation duly organized, validly existing and  in good standing under the laws of
British Virgin Island and  has the corporate power and is duly authorized, qualified,
franchised and licensed under all applicable laws,  regulations, ordinances and orders of
public authorities to  own all of its properties and assets and to carry on its  business
in all material respects as it is now being  conducted, including qualification to do
business as a  foreign entity in the country or states in which the  character and
location of the assets owned by it or the  nature of the business transacted by it
requires  qualification. Included in the Attached Schedules (as  hereinafter defined) are
complete and correct copies of the  articles of incorporation, bylaws and amendments
thereto as  in effect on the date hereof. The execution and delivery of  this Agreement
does not and the consummation of the  transactions contemplated by this Agreement in
accordance  with the terms hereof will not, violate any provision of  FPEG's certificate
of incorporation or bylaws. FPEG has full  power, authority and legal right and has taken
all action  required by law, its articles of incorporation, bylaws or  otherwise to
authorize the execution and delivery of this  Agreement. 

     4.2
CAPITALIZATION. 

     The
authorized capitalization of FPEG consists of 50,000  shares of common stock, no par
value and no preferred  shares. As of the date hereof, there are 50,000 shares of  common
stock issued and outstanding. All issued and  outstanding common shares have been legally
issued, fully  paid, are nonassessable and not issued in violation of the  preemptive
rights of any other person. FPEG has no other  securities, warrants or options authorized
or issued. 

     4.3
SUBSIDIARIES. 

     FPEG
owns 100% of Shenzhen Yu Zhi Lu Aviation Service  Company Ltd, a China corporation. 

     4.4
TAX MATTERS; BOOKS & RECORDS 

          (a)
The books and records, financial and others, of FPEG are  in all material respects
complete and correct and have been  maintained in accordance with good business
accounting  practices; and 

          (b)
FPEG has no liabilities with respect to the payment of  any country, federal, state,
county, local or other taxes  (including any deficiencies, interest or penalties). 

          (c)
FPEG shall remain responsible for all debts incurred  prior to the closing. 

     4.5
INFORMATION. 

     The
information concerning FPEG as set forth in this  Agreement and in the attached Schedules
is complete and  accurate in all material respects and does not contain any  untrue
statement of a material fact or omit to state a  material fact required to make the
statements made, in light  of the circumstances under which they were made, not
misleading. 

     4.6
TITLE AND RELATED MATTERS. 

     FPEG
has good and marketable title to and is the sole and  exclusive owner of all of its
properties, inventory,  interests in properties and assets, real and personal
(collectively, the "Assets") free and clear of all liens,  pledges, charges or
encumbrances. Except as set forth in the  Schedules attached hereto, FPEG owns free and
clear of any  liens, claims, encumbrances, royalty interests or other  restrictions or
limitations of any nature whatsoever and all  procedures, techniques, marketing plans,
business plans,  methods of management or other information utilized in  connection with
FPEG's business. Except as set forth in the  attached Schedules, no third party has any
right to, and  FPEG has not received any notice of infringement of or  conflict with
asserted rights of others with respect to any  product, technology, data, trade secrets,
know-how,  proprietary techniques, trademarks, service marks, trade  names or copyrights
which, singly or in the aggregate, if  the subject of an unfavorable decision, ruling or
finding,  would have a materially adverse affect on the business,  operations, financial
conditions or income of FPEG or any  material portion of its properties, assets or rights. 

     4.7
LITIGATION AND PROCEEDINGS 

     There
are no actions, suits or proceedings pending or  threatened by or against or affecting
FPEG, at law or in  equity, before any court or other governmental agency or
instrumentality, domestic or foreign or before any  arbitrator of any kind that would
have a material adverse  effect on the business, operations, financial condition,  income
or business prospects of FPEG. FPEG does not have any  knowledge of any default on its
part with respect to any  judgment, order, writ, injunction, decree, award, rule or
regulation of any court, arbitrator or governmental agency  or instrumentality. 

     4.8
CONTRACTS. 

     On
the Closing Date: 

          (a)
There are no material contracts, agreements, franchises,  license agreements, or other
commitments to which FPEG is a  party or by which it or any of its properties are bound; 

          (b)
FPEG is not a party to any contract, agreement,  commitment or instrument or subject to
any charter or other  corporate restriction or any judgment, order, writ,  injunction,
decree or award which materially and adversely  affects, or in the future may (as far as
FPEG can now  foresee) materially and adversely affect, the business,  operations,
properties, assets or conditions of FPEG; and 

          (c)
FPEG is not a party to any material oral or written: (i)  contract for the employment of
any officer or employee; (ii)  profit sharing, bonus, deferred compensation, stock
option,  severance pay, pension, benefit or retirement plan,  agreement or arrangement
covered by Title IV of the Employee  Retirement Income Security Act, as amended; (iii)
agreement,  contract or indenture relating to the borrowing of money;  (iv) guaranty of
any obligation for the borrowing of money  or otherwise, excluding endorsements made for
collection and  other guaranties of obligations, which, in the aggregate  exceeds $1,000;
(v) consulting or other contract with an  unexpired term of more than one year or
providing for  payments in excess of $10,000 in the aggregate; (vi)  collective
bargaining agreement; (vii) contract, agreement,  or other commitment involving payments
by it for more than  $10,000 in the aggregate. 

     4.9
NO CONFLICT WITH OTHER INSTRUMENTS. 

     The
execution of this Agreement and the consummation of the  transactions contemplated by
this Agreement will not result  in the breach of any term or provision of, or constitute
an  event of default under, any material indenture, mortgage,  deed of trust or other
material contract, agreement or  instrument to which FPEG is a party or to which any of
its  properties or operations are subject. 

     4.10
MATERIAL CONTRACT DEFAULTS. 

     To
the best of FPEG's knowledge and belief, it is not in  default in any material respect
under the terms of any  outstanding contract, agreement, lease or other commitment  which
is material to the business, operations, properties,  assets or condition of FPEG, and
there is no event of  default in any material respect under any such contract,
agreement, lease or other commitment in respect of which  FPEG has not taken adequate
steps to prevent such a default  from occurring. 

     4.11
GOVERNMENTAL AUTHORIZATIONS. 

     To
the best of FPEG's knowledge, FPEG has all licenses,  franchises, permits and other
governmental authorizations  that are legally required to enable it to conduct its
business operations in all material respects as conducted on  the date hereof. Except for
compliance with federal and  state securities or corporation laws, no authorization,
approval, consent or order of, or registration, declaration  or filing with, any court or
other governmental body is  required in connection with the execution and delivery by
FPEG of the transactions contemplated hereby. 

     4.12
COMPLIANCE WITH LAWS AND REGULATIONS. 

     To
the best of FPEG's knowledge and belief, FPEG has  complied with all applicable statutes
and regulations of any  federal, state or other governmental entity or agency  thereof,
except to the extent that noncompliance would not  materially and adversely affect the
business, operations,  properties, assets or condition of FPEG or would not result  in
FPEG's incurring any material liability. 

     4.13
INSURANCE. 

     All
of the insurable properties of FPEG are insured for  FPEG's benefit under valid and
enforceable policy or  policies containing substantially equivalent coverage and  will be
outstanding and in full force at the Closing Date. 

     4.14
APPROVAL OF AGREEMENT. 

     The
directors of FPEG have authorized the execution and  delivery of the Agreement and have
approved the transactions  contemplated hereby. 

     4.15
MATERIAL TRANSACTIONS OR AFFILIATIONS. 

     As
of the Closing Date, there will exist no material  contract, agreement or arrangement
between FPEG and any  person who was at the time of such contract, agreement or
arrangement an officer, director or person owning of record,  or known by FPEG to own
beneficially, ten percent (10%) or  more of the issued and outstanding Common Shares of
FPEG and  which is to be performed in whole or in part after the date  hereof except with
regard to an agreement with the FPEG  shareholders providing for the distribution of cash
to  provide for payment of federal and state taxes on Subchapter  S income. FPEG has no
commitment, whether written or oral,  to lend any funds to, borrow any money from or
enter into  any other material transactions with, any such affiliated  person. 

       4.16 SHARES NOT REGISTERED. 

      FPEG
  acknowledgies on behalf of its shareholders that the shares of TMHN to be issued
  pursuant hereto have not been registered under the Securities Act of 1933, amended,
  or any state blue sky laws and may not be resold except pursuant to an effective
  registration statement or an exemption from such registration requirements.

                     ARTICLE
5. REPRESENTATIONS AND WARRANTIES OF TMHN 

     TMHN
represents and warrants to FPEG, as of the date hereof  and as of the Closing Date, as
follows: 

     5.1
ORGANIZATION. 

     Each of TMHN and Merger Sub
is a corporation duly organized, validly existing, and  in good standing under the laws
of Nevada and has the  corporate power and is duly authorized, qualified,  franchised and
licensed under all applicable laws,  regulations, ordinances and orders of public
authorities to  own all of its properties and assets and to carry on its  business in all
material respects as it is now being  conducted, including qualification to do business
as a  foreign corporation in the jurisdiction in which the  character and location of the
assets owned by it or the  nature of the business transacted by it requires
qualification. The execution and delivery of this Agreement  does not and the
consummation of the transactions  contemplated by this Agreement in accordance  with the
terms hereof will not violate any provision of  TMHN's articles of incorporation or
bylaws. TMHN has full  power, authority and legal right and has taken all action
required by law, its articles of incorporation, its bylaws  or otherwise to authorize the
execution and delivery of this  Agreement. 

     5.2
CAPITALIZATION. 

     The
authorized capitalization of TMHN consists of 70,000,000  shares of common stock, $0.001
par value per share. As of  the date hereof, TMHN has 10,450,000 shares of common stock
issued and outstanding. All issued and outstanding shares  are legally issued, fully paid
and nonassessable and are not  issued in violation of the preemptive or other rights of
any  person. 

     5.3
SUBSIDIARIES. 

     TMHN
has no subsidiaries except for Merger Sub. 

     5.4
TAX MATTERS: BOOKS AND RECORDS. 

          (a)
The books and records, financial and others, of TMHN are  in all material respects
complete and correct and have been  maintained in accordance with good business
accounting  practices; and 

          (b)
TMHN has no liabilities with respect to the payment of  any country, federal, state,
county, or local taxes  (including any deficiencies, interest or penalties). 

          (c)
TMHN shall remain responsible for all debts incurred by  TMHN prior to the date of
closing. 

     5.5
LITIGATION AND PROCEEDINGS. 

     There
are no actions, suits, proceedings or investigations  pending or threatened by or against
or affecting TMHN or its  properties, at law or in equity, before any court or other
governmental agency or instrumentality, domestic or foreign  or before any arbitrator of
any kind that would have a  material adverse affect on the business, operations,
financial condition or income of TMHN. TMHN is not in  default with respect to any
judgment, order, writ,  injunction, decree, award, rule or regulation of any court,
arbitrator or governmental agency or instrumentality or of  any circumstances which,
after reasonable investigation,  would result in the discovery of such a default. 

     5.6
MATERIAL CONTRACT DEFAULTS. 

     TMHN
is not in default in any material respect under the  terms of any outstanding contract,
agreement, lease or other  commitment which is material to the business, operations,
properties, assets or condition of TMHN, and there is no  event of default in any
material respect under any such  contract, agreement, lease or other commitment in
respect of  which TMHN has not taken adequate steps to prevent such a  default from
occurring. 

     5.7
INFORMATION. 

     The
information concerning TMHN as set forth in this  Agreement and in the attached Schedules
is complete and  accurate in all material respects and does not contain any  untrue
statement of a material fact or omit to state a  material fact required to make the
statements made in light  of the circumstances under which they were made, not
misleading. 

     5.8
TITLE AND RELATED MATTERS. 

     TMHN
has good and marketable title to and is the sole and  exclusive owner of all of its
properties, inventory,  interest in properties and assets, real and personal
(collectively, the "Assets") free and clear of all liens,  pledges, charges or
encumbrances. TMHN owns free and clear  of any liens, claims, encumbrances, royalty
interests or  other restrictions or limitations of any nature whatsoever  and all
procedures, techniques, marketing plans, business  plans, methods of management or other
information utilized  in connection with TMHN's business. No third party has any  right
to, and TMHN has not received any notice of  infringement of or conflict with asserted
rights of other  with respect to any product, technology, data, trade  secrets, know-how,
proprietary techniques, trademarks,  service marks, trade names or copyrights which,
singly on in  the aggregate, if the subject of an unfavorable decision  ruling or
finding, would have a materially adverse affect on  the business, operations, financial
conditions or income of  TMHN or any material portion of its properties, assets or
rights. 

     5.9
CONTRACTS. 

     On
the Closing Date: 

          (a)
There are no material contracts, agreements franchises,  license agreements, or other
commitments to which TMHN is a  party or by which it or any of its properties are bound: 

          (b)
TMHN is not a party to any contract, agreement,  commitment or instrument or subject to
any charter or other  corporate restriction or any judgment, order, writ,  injunction,
decree or award materially and adversely  affects, or in the future may (as far as TMHN
can now  foresee) materially and adversely affect, the business,  operations, properties,
assets or conditions of TMHN; and 

          (c)
TMHN is not a party to any material oral or written: (I)  contract for the employment of
any officer or employee; (ii)  profit sharing, bonus, deferred compensation, stock
option,  severance pay, pension benefit or retirement plan, agreement  or arrangement
covered by Title IV of the Employee  Retirement Income Security Act, as amended; (iii)
agreement,  contract or indenture relating to the borrowing of money;  (iv) guaranty of
any obligation for the borrowing of money  or otherwise, excluding endorsements made for
collection and  other guaranties, of obligations, which, in the aggregate  exceeds
$1,000; (v) consulting or other contract with an  unexpired term of more than one year or
providing for  payments in excess of $10,000 in the aggregate; (vi)  collective
bargaining agreement; (vii) contract, agreement  or other commitment  involving payments
by it for more than $10,000 in the  aggregate. 

     5.10
COMPLIANCE WITH LAWS AND REGULATIONS. 

     To
the best of TMHN's knowledge and belief, TMHN has  complied with all applicable statutes
and regulations of any  federal, state or other governmental entity or agency  thereof,
except to the extent that noncompliance would not  materially and adversely affect the
business, operations,  properties, assets or condition of TMHN or would not result  in
TMHN incurring material liability. 

     5.11
INSURANCE. 

     All
of the insurable properties of TMHN are insured for  TMHN's benefit under valid and
enforceable policy or  policies containing substantially equivalent coverage and  will be
outstanding and in full force at the Closing Date. 

     5.12
APPROVAL OF AGREEMENT. 

     The
directors of each of TMHN and Merger Sub, and the shareholders of Merger Sub have authorized the execution and  delivery of the Agreement by and
have approved the  transactions contemplated hereby. 

     5.13
MATERIAL TRANSACTIONS OR AFFILIATIONS. 

     There
are no material contracts or agreements of arrangement  between TMHN and any person, who
was at the time of such  contract, agreement or arrangement an officer, director or
person owning of record, or known to beneficially own ten  percent (10%) or more of the
issued and outstanding Common  Shares of TMHN and which is to be performed in whole or in
part after the date hereof. TMHN has no commitment, whether  written or oral, to lend any
funds to, borrow any money from  or enter into material transactions with any such
affiliated  person. 

     5.14
NO CONFLICT WITH OTHER INSTRUMENTS. 

     The
execution of this Agreement and the consummation of the  transactions contemplated by
this Agreement will not result  in the breach of any term or provision of, or constitute
an  event of default under, any material indenture, mortgage,  deed of trust or other
material contract, agreement or  instrument to which TMHN is a party or to which any of
its  properties or operations are subject. 

     5.15
GOVERNMENTAL AUTHORIZATIONS. 

     TMHN
has all licenses, franchises, permits or other  governmental authorizations legally
required to enable it to  conduct its business in all material respects as conducted  on
the date hereof. Except for compliance with federal and  state securities and corporation
laws, as hereinafter  provided, no authorization, approval, consent or order of,  or
registration, declaration or filing with, any court or  other governmental body is
required in connection with the  execution and delivery by TMHN of this Agreement and the
consummation of the transactions contemplated hereby. 

                     ARTICLE
6. SPECIAL COVENANTS 

     6.1
ACCESS TO PROPERTIES AND RECORDS. 

     Prior
to closing, TMHN and FPEG will each afford to the  officers and authorized
representatives of the other full  access to the properties, books and records of each
other,  in order that each may have full opportunity to make such  reasonable
investigation as it shall desire to make of the  affairs of the other and each will
furnish the other with  such additional financial and operating data and other
information as to the business and properties of each other,  as the other shall from
time to time reasonably  request. 

     6.2
AVAILABILITY OF RULE 144. 

     TMHN
and FPEG shareholders holding "restricted securities"  as that term is defined
in Rule 144 promulgated pursuant to  the Securities Act will remain as "restricted
securities" and the shares of TMHN to be issued hereunder are "restricted securities."  TMHN is under no obligation to register such shares under  the
Securities Act, or otherwise. The stockholders of TMHN  and FPEG holding restricted
securities of TMHN and FPEG as  of the date of this Agreement and their respective heirs,
administrators, personal representatives, successors and  assigns, are intended third
party beneficiaries of the  provisions set forth herein. The covenants set forth in this
Section 6.2 shall survive the Closing and the consummation  of the transactions herein
contemplated. 

     6.3
THE STOCK MERGER CONSIDERATION. 

     The
consummation of this Agreement, including the issuance  of the TMHN Common Shares to the
Shareholders of FPEG as  contemplated hereby, constitutes the offer and sale of
securities under the Securities Act, and applicable state  statutes. Such transaction
shall be consummated in reliance  on exemptions from the registration and prospectus
delivery  requirements of such statutes that depend, inter alia, upon  the circumstances
under which the FPEG Shareholders acquire  such securities. 

     6.4
THIRD PARTY CONSENTS. 

     TMHN
and FPEG agree to cooperate with each other in order to  obtain any required third party
consents to this Agreement  and the transactions herein contemplated. 

     6.5
ACTIONS PRIOR AND SUBSEQUENT TO CLOSING. 

          (a)
From and after the date of this Agreement until the  Closing Date, except as permitted or
contemplated by this  Agreement, TMHN and FPEG will each use its best efforts to: 

               (i)
maintain and keep its properties in states of good  repair and condition as at present,
except for depreciation  due to ordinary wear and tear and damage due to casualty; 

               (ii)
maintain in full force and effect insurance comparable  in amount and in 

               (iii)
scope of coverage to that now maintained by it; and 

               (iv)
perform in all material respects all of its obligations  under material contracts, leases
and instruments relating to  or affecting its assets, properties and business. 

          (b)
From and after the date of this Agreement until the  Closing Date, TMHN will not, without
the prior consent of  FPEG: 

               (i)
except as otherwise specifically set forth herein, make  any change in its articles of
incorporation or bylaws; 

               (ii)
declare or pay any dividend on its outstanding Common  Shares, except as may otherwise be
required by law, or  effect any stock split or otherwise change its  capitalization,
except as provided herein; 

               (iii)
enter into or amend any employment, severance or  agreements or arrangements with any
directors or officers; 

               (iv)
grant, confer or award any options, warrants,  conversion rights or other rights not
existing on the date  hereof to acquire any Common Shares; or 

               (v)
purchase or redeem any Common Shares. 

     6.6
INDEMNIFICATION. 

          (a)
TMHN hereby agrees to indemnify FPEG, each of the  officers, agents and directors and
current shareholders of  FPEG as of the Closing Date against any loss, liability,  claim,
damage or expense (including, but not limited to, any  and all expense whatsoever
reasonably incurred in  investigating, preparing or defending against any  litigation,
commenced or threatened or any claim  whatsoever), to which it or they may become subject
to or  rising out of or based on any inaccuracy appearing in or  misrepresentation made
in this Agreement. The  indemnification provided for in this paragraph shall survive  the
Closing and consummation of the transactions  contemplated hereby and termination of this
Agreement; and 

          (b)
FPEG hereby agrees to indemnify TMHN, each of the  officers, agents, directors and
current shareholders of TMHN  as of the Closing Date against any loss, liability, claim,
damage or expense (including, but not limited to, any and  all expense whatsoever
reasonably incurred in investigating,  preparing or defending against any litigation,
commenced or  threatened or any claim whatsoever), to which it or they may  become
subject arising out of or based on any inaccuracy  appearing in or misrepresentation made
in this Agreement.  The indemnification provided for in this paragraph shall  survive the
Closing and consummation of the transactions  contemplated hereby and termination of this
Agreement. 

                     ARTICLE
7. CONDITIONS PRECEDENT TO THE OBLIGATIONS  OF TMHN 

     The
obligations of TMHN under this Agreement are subject to  the satisfaction, at or before
the Closing Date, of the  following conditions: 

     7.1
ACCURACY OF REPRESENTATIONS. 

     The
  representations and warranties made by FPEG in this Agreement were true when
  made and shall be true at the Closing Date with the same force and effect as
  if such representations and warranties were made at the Closing Date (except
  for changes therein permitted by this Agreement), and FPEG shall have performed
  or complied with all covenants and conditions required by this Agreement to
  be performed or complied with by FPEG prior to or at the Closing. TMHN shall
  be furnished with a certificate, signed by a duly authorized officer of FPEG
  and dated the Closing Date, to the foregoing effect. 

     7.2
DIRECTOR APPROVAL. 

     The
Board of Directors of FPEG shall have approved this  Agreement and the transactions
contemplated herein. 

     7.3
OFFICER'S CERTIFICATE. 

     TMHN
shall have been furnished with a certificate dated the  Closing Date and signed by a duly
authorized officer of FPEG  to the effect that: 

(a) the
representations and warranties of FPEG set forth in  the Agreement and in all exhibits,
schedules and other  documents furnished in connection herewith are in all  material
respects true and correct as if made on the  Effective Date; (b) FPEG has performed all
covenants,  satisfied all conditions, and complied with all other terms  and provisions
of this Agreement to be performed, satisfied  or complied with by it as of the Effective
Date; (c) since  such date and other than as previously disclosed to TMHN,  FPEG has not
entered into any material transaction other  than transactions which are usual and in the
ordinary course  if its business; and (d) no litigation, proceeding,  investigation or
inquiry is pending or, to the best  knowledge of FPEG, threatened, which might result in
an  action to enjoin or prevent the consummation of the  transactions contemplated by
this Agreement or, to the  extent not disclosed in the TMHN Schedules, by or against
TMHN which might result in any material adverse change in  any of the assets, properties,
business or operations of  TMHN. 

     7.4
NO MATERIAL ADVERSE CHANGE. 

     Prior
to the Closing Date, there shall not have occurred any  material adverse change in the
financial condition, business  or operations of nor shall any event have occurred which,
with the lapse of time or the giving of notice, may cause or  create any material adverse
change in the financial  condition, business or operations of FPEG. 

     7.5
OTHER ITEMS. 

     TMHN
shall have received such further documents,  certificates or instruments relating to the
transactions  contemplated hereby as TMHN may reasonably request. 

                     ARTICLE
8. CONDITIONS PRECEDENT TO THE OBLIGATIONS  OF FPEG AND THE FPEG SHAREHOLDERS 

     The
obligations of FPEG and the FPEG Shareholders under this  Agreement are subject to the
satisfaction, at or before the  Closing date (unless otherwise indicated herein), of the
following conditions: 

     8.1
ACCURACY OF REPRESENTATIONS. 

     The
representations and warranties made by TMHN in this  Agreement were true when made and
shall be true as of the  Closing Date (except for changes therein permitted by this
Agreement) with the same force and effect as if such  representations and warranties were
made at and as of the  Closing Date, and TMHN shall have performed and complied  with all
covenants and conditions required by this Agreement  to be performed or complied with by
TMHN prior to or at the  Closing. FPEG shall have been furnished with a certificate,
signed by a duly authorized executive officer of TMHN and  dated the Closing Date, to the
foregoing effect. 

     8.2
DIRECTOR APPROVAL. 

     The
Board of Directors of TMHN and Merger Sub shall have approved this  Agreement and the transactions
contemplated herein. 

     8.3
NO MATERIAL ADVERSE CHANGE. 

     Prior
to the Closing Date, there shall not have occurred any  material adverse change in the
financial condition, business  or operations of nor shall any event have occurred which,
with the lapse of time or the giving of notice, may cause or  create any material adverse
change in the financial  condition, business or operations of TMHN. 

                     ARTICLE
9. TERMINATION 

     9.1
TERMINATION RIGHTS. 

          (a)
This Agreement may be terminated by the board of  directors or majority interest of
Shareholders of either  TMHN or FPEG, respectively, at any time prior to the Closing
Date if: 

               (i)
there shall be any action or proceeding before any court  or any governmental body which
shall seek to restrain,  prohibit or invalidate the transactions contemplated by this
Agreement and which, in the judgment of such board of  directors, made in good faith and
based on the advice of its  legal counsel, makes it inadvisable to proceed with the
exchange contemplated by this Agreement; or 

               (ii)
any of the transactions contemplated hereby are  disapproved by any regulatory authority
whose approval is  required to consummate such transactions.  

     In the event of termination
  pursuant to this paragraph (a),  no obligation, right, or liability shall arise hereunder
  and  each party shall bear all of the expenses incurred by it in  connection with the
  negotiation, drafting and execution of  this Agreement and the transactions herein
  contemplated. 

          (b)
This Agreement may be terminated at any time prior to  the Closing Date by action of the
board of directors of TMHN  if FPEG shall fail to comply in any material respect with
any of its covenants or agreements contained in this  Agreement or if any of the
representations or warranties of  FPEG contained herein shall be inaccurate in any
material  respect, which noncompliance or inaccuracy is not cured  after 20 days written
notice thereof is given to FPEG. If  this Agreement is terminated pursuant to this
paragraph (b),  this Agreement shall be of no further force or effect and no  obligation,
right or liability shall arise hereunder. 

          (c)
This Agreement may be terminated at any time prior to  the Closing Date by action of the
board of directors of FPEG  if TMHN shall fail to comply in any material respect with
any of its covenants or agreements contained in this  Agreement or if any of the
representations or warranties of  TMHN contained herein shall be inaccurate in any
material  respect, which noncompliance or inaccuracy is not cured  after 20 days written
notice thereof is given to TMHN. If  this Agreement is terminated pursuant to this
paragraph (d),  this Agreement shall be of no further force or effect and no  obligation,
right or liability shall arise hereunder. 

          (d)
In the event of termination pursuant to paragraph (b)  and (c) hereof, the breaching
party shall bear all of the  expenses incurred by the other party in connection with the
negotiation, drafting and execution of this Agreement and  the transactions herein
contemplated. 

                     ARTICLE
10. MISCELLANEOUS 

     10.1
BROKERS AND FINDERS. 

     Each
party hereto hereby represents and warrants that it is  under no obligation, express or
implied, to pay certain  finders in connection with the bringing of the parties  together
in the negotiation, execution, or consummation of  this Agreement. The parties each agree
to indemnify the  other against any claim by any third person for any  commission,
brokerage or finder's fee or other payment with  respect to this Agreement or the
transactions contemplated  hereby based on any alleged agreement or understanding
between the indemnifying party and such third person,  whether express or implied from
the actions of the  indemnifying party. 

     10.2
LAW, FORUM AND JURISDICTION. 

     This
Agreement shall be construed and interpreted in  accordance with the laws of the State of
New York, United  States of America, except for applicable provisions of the  Nevada
General Corporation Law and Corporation Law of BVI, which shall control to the  extent applicable. 

     10.3
NOTICES. 

     Any
notices or other communications required or permitted  hereunder shall be sufficiently
given if personally  delivered to it or sent by registered mail or certified  mail,
postage prepaid, or by prepaid telegram addressed as  follows: 

     If
to TMHN: 10880 Wilshire Blvd Suite 2250, Los Angeles, CA  90024 

     If
to FPEG: Suite 407-408, Hua Lian Building, Shennan Zhong  Road, Fu Tian Qu, Shenzhen
City, P.R. China 

     or
such other addresses as shall be furnished in writing by  any party in the manner for
giving notices hereunder, and  any such notice or communication shall be deemed to have
been given as of the date so delivered, mailed or  telegraphed. 

     10.4
ATTORNEYS' FEES. 

     In
the event that any party institutes any action or suit to  enforce this Agreement or to
secure relief from any default  hereunder or breach hereof, the breaching party or
parties  shall reimburse the non-breaching party or parties for all  costs, including
reasonable attorneys' fees, incurred in  connection therewith and in enforcing or
collecting any  judgment rendered therein. 

     10.5
CONFIDENTIALITY. 

     Each
party hereto agrees with the other party that, unless  and until the transactions
contemplated by this Agreement  have been consummated, they and their representatives
will  hold in strict confidence all data and information obtained  with respect to
another party or any subsidiary thereof from  any representative, officer, director or
employee, or from  any books or records or from personal inspection, of such  other
party, and shall not use such data or information or  disclose the same to others,
except: (i) to the extent such  data is a matter of public knowledge or is required by
law  to be published; and (ii) to the extent that such data or  information must be used
or disclosed in order to consummate  the transactions contemplated by this Agreement. 

     10.6
SCHEDULES; KNOWLEDGE. 

     Each
party is presumed to have full knowledge of all  information set forth in the other
party's schedules  delivered pursuant to this Agreement. 

     10.7
THIRD PARTY BENEFICIARIES. 

     This
contract is solely among the parties hereto and except  as specifically provided, no
director, officer, stockholder,  employee, agent, independent contractor or any other
person  or entity shall be deemed to be a third party beneficiary of  this Agreement. 

     10.8
ENTIRE AGREEMENT. 

     This
Agreement represents the entire agreement between the  parties  relating to the subject
matter hereof. This Agreement alone  fully and completely expresses the agreement of the
parties  relating to the subject matter hereof. There are no other  courses of dealing,
understanding, agreements,  representations or warranties, written or oral, except as
set forth herein. This  Agreement may not be amended or modified, except by a  written
agreement signed by all parties hereto. 

     10.9
SURVIVAL; TERMINATION. 

     The
representations, warranties and covenants of the  respective parties shall survive the
Closing Date and the  consummation of the transactions herein contemplated for 18  months. 

     10.10
COUNTERPARTS. 

     This
Agreement may be executed in multiple counterparts,  each of which shall be deemed an
original and all of which  taken together shall be but a single instrument. 

     10.11
AMENDMENT OR WAIVER. 

     Every
right and remedy provided herein shall be cumulative  with every other right and remedy,
whether conferred herein,  at law, or in equity, and may be enforced concurrently
herewith, and no waiver by any party of the performance of  any obligation by the other
shall be construed as a waiver  of the same or any other default then, theretofore, or
thereafter occurring or existing. At any time prior to the  Closing Date, this Agreement
may be amended by a by all  parties hereto, with respect to any of the terms contained
herein, and any term or condition of this Agreement may be  waived or the time for
performance hereof may be extended by  the party or parties for whose benefit the
provision is  intended. 

     10.12
EXPENSES. 

     Each
party herein shall bear all of their respective cost s  and expenses incurred in
connection with the negotiation of  this Agreement and in the consummation of the
transactions  provided for herein and the preparation thereof. 

     10.13
HEADINGS; CONTEXT. 

     The
headings of the sections and paragraphs contained in  this Agreement are for convenience
of reference only and  does not form a part hereof and in no way modify, interpret  or
construe the meaning of this Agreement. 

     10.14
BENEFIT. 

     This
Agreement shall be binding upon and shall inure only to  the benefit of the parties
hereto, and their permitted  assigns hereunder. This Agreement shall not be assigned by
any party without the prior written consent of the other  party. 

     10.15
PUBLIC ANNOUNCEMENTS. 

     Except
as may be required by law, neither party shall make  any public announcement or filing
with respect to the  transactions provided for herein without the prior consent  of the
other party hereto. 

     10.16
SEVERABILITY. 

     In
the event that any particular provision or provisions of  this Agreement or the other
agreements contained herein  shall for any reason hereafter be determined to be
unenforceable, or in violation of any law, governmental  order or regulation, such
unenforceability or violation  shall not affect the remaining provisions of such
agreements, which shall continue in full force and effect  and be binding upon the
respective parties hereto. 

     10.17
FAILURE OF CONDITIONS; TERMINATION. 

     In
the event of any of the conditions specified in this  Agreement shall not be fulfilled on
or before the Closing  Date, either of the parties have the right either to proceed  or,
upon prompt written notice to the other, to terminate  and rescind this Agreement. In
such event, the party that  has failed to fulfill the conditions specified in this
Agreement will liable for the other parties legal fees. The  election to proceed shall
not affect the right of such  electing party reasonably to require the other party to
continue to use its efforts to fulfill the unmet conditions. 

     10.18
NO STRICT CONSTRUCTION. 

     The
language of this Agreement shall be construed as a  whole, according to its fair meaning
and intendment, and not  strictly for or against either party hereto, regardless of  who
drafted or was principally responsible for drafting the  Agreement or terms or conditions
hereof. 

     10.19
EXECUTION KNOWING AND VOLUNTARY. 

     In
executing this Agreement, the parties severally  acknowledge and represent that each: (a)
has fully and  carefully read and considered this Agreement; (b) has been  or has had the
opportunity to be fully apprized by its  attorneys of the legal effect and meaning of
this document  and all terms and conditions hereof; (c) is executing this  Agreement
voluntarily, free from any influence, coercion or  duress of any kind. 

     10.20
AMENDMENT. 

     At
any time after the Closing Date, this Agreement may be  amended by both parties, with
respect to any of the terms  contained herein, and any term or condition of this
Agreement may be waived or the time for performance hereof  may be extended by the party
or parties for whose benefit  the provision is intended. 

     IN
WITNESS WHEREOF, TMHN and FPEG, each pursuant to the  approval and authority duly given,
as well as the FPEG  Shareholders, have caused this Agreement and Plan of Merger  to be
executed as of the date first above written. 

	 	 TAM OF HENDERSON, INC.	 	 
	 	 	 	 	 
	 	By:	 /s/ Jun Xiao	 	 
	 	 	
	 	 
	 	 	Its Chairman of the Board and Chief
    Executive Officer	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 Full Power Enterprise Global Limited 	 
	 	 	 	 	 
	 	By:	 /s/ Jiangping Jiang	 	 
	 	 	
	 	 
	 	 	Its Sole Director	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 FPEG SHAREHOLDERS 	 
	 	 	 	 	 
	 	 	/s/ Jiangping Jiang	 	 
	 	 	
	 	 
	 	 	Jiangping Jiang	 	 
	 	 	 	 	 
	 	 	/s/ Jiangxia Jiang	 	 
	 	 	
	 	 
	 	 	Jiangxia Jiang	 	 
	 	 	 	 	 
	 	 	/s/ Luoluo Gao	 	 
	 	 	
	 	 
	 	 	Luoluo Gao	 	 
	 	 	 	 	 
	 	 	/s/ Jingbo Zhang	 	 
	 	 	
	 	 
	 	 	Jingbo Zhang	 	 
	 	 	 	 	 
	 	 	/s/ Liangzhen Jin	 	 
	 	 	
	 	 
	 	 	Liangzhen Jin	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 SIMPLE (HONGKONG) INVESTMENT &
    MANAGEMENT COMPANY LIMITED 	 
	 	 	 	 	 
	 	By:	 /s/ Guoqiong Yu 	 	 
	 	 	
	 	 
	 	 	Its Director	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 FIRST CAPITAL LIMITED	 	 
	 	 	 	 	 
	 	By:	 /s/ Xirong Xu 	 	 
	 	 	
	 	 
	 	 	Its Chief Executive Officer	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 VALUE GLOBAL INTERNATIONAL LIMITED 	 
	 	 	 	 	 
	 	By: 	/s/ Zhiyong Xu 	 	 
	 	 	
	 	 
	 	 	Its Director	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 CHINA US BRIDGE CAPITAL LIMITED 	 
	 	 	 	 	 
	 	By: 	/s/ Ji Wen 	 	 
	 	 	
	 	 
	 	 	Its Chief Executive Officer	 	 

SCHEDULE A 

FPEG
SHAREHOLDERS 

	Name of FPEG Shareholders	 FPEG Common Stock Ownership %
	Shares of TMHN to be received

	Jiangping Jiang	 59%
	 11,800,000 shares

	Jiangxia Jiang 	6% 
	1,200,000 shares

	Luoluo Gao	 5%
	 1,000,000 shares

	Jingbo Zhang	 5%
	 1,000,000 shares

	Liangzhen Jin	 5%
	 1,000,000 shares

	Simple (HK) Investment & Management Co., Ltd 	5% 
	1,000,000
    shares

	First Capital Limited	 5%
	 1,000,000 shares

	China US Bridge Capital Limited	 4% 
	800,000 shares

	Value Global International Ltd	 6%
	 1,200,000 shares

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00106-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00106-of-00352.parquet"}]]