Document:

2012年
8月30日

 

August 30, 2012

 

ALLIANCE RICH MANAGEMENT LIMITED

 

(出售方)
(“Seller”)

 

与

 

AUTOCHINA GROUP INC

 

(收购方)
(“Buyer”)

 

	 
	有关HEAT PLANET HOLDINGS LIMITED (“宏山控股”)的100%股权转让协议
	Heat Planet Holdings Limited’s 100% Equity Transfer Agreement
	 

 

    	 

    	 

    

 

Table
of Contents  

 

	 	 	Page
	 	 	 
	Article I	定义及解释 Definitions and Interpretation	2
	 	 	 
	Article II	出售及收购 Sale and Purchase	16
	 	 	 
	Article III	出售方与收购方在签署本协议后应尽快完成的事项 Matters to be Completed Promptly After the Signing of this Agreement	17
	 	 	 
	Article IV	宏山控股”及出售方 的陈述与保证 Representations And Warranties of Heat Planet Holdings And The Seller	17
	 	 	 
	Article V	收购方的陈述及保证 Representations and Warranties of Buyer	42
	 	 	 
	Article VI	宏山控股及出售方的成交前保证条款 Covenants of Heat Planet Holdings and The Seller Pending Closing	43
	 	 	 
	Article VII	本协议各方的保证条款 Covenants of All Parties Hereto	51
	 	 	 
	Article VIII	成交条件 CONDITIONS TO CLOSING	52
	 	 	 
	Article IX	收购价款  Purchase Price	56
	 	 	 
	Article X	收购价格调整 Purchase Price Adjustment	57
	 	 	 
	Article XI	收购价款支付: Payment of the Purchase Price	58
	 	 	 
	Article XII	本协议的保密  The Confidentiality of the Contract	59
	 	 	 
	Article XIII	税收及费用 Taxes and Fees	59
	 	 	 
	Article XIV	赔偿 Indemnification	60
	 	 	 
	Article XV	其它条款 Other Terms	63
	 	 	 
	Article XVI	终止 Termination	65
	 	 	 
	附件一	ANNEX I 公司信息 Company Information	69

 

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Table of
Contents continued

 

	 	 	
        Page 

	附件二	ANNEX II 开元中心写字楼简介 Introduction of KaiYuan Center Office Building	72
	 	 	 
	附件三	ANNEX III 开元中心交楼标准 KaiYuan Center Delivery Standards	73

 

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The contract is signed on August 30, 2012.

本合同于2012年8月30日签订。

 

立约各方:Parties
in the Agreement:

 

1.          ALLIANCE
RICH MANAGEMENT LIMITED (以下简称出售方);(“Seller”)

 

2.          AUTOCHINA
GROUP INC (以下简称”收购方”);(“Buyer”)

 

3.          HEAT
PLANET HOLDINGS LIMITED(以下简称”宏山控股”);
(“Heat Planet Holdings”)

 

鍳于:Whereas:

 

A.           河北旭威贸易有限公司(“旭威贸易”)是由一家内资企业变更成为的一家中华人民共和国台港澳侨投资企业,类别是外商独资企业。其批准证书为商外资冀字[2008]0003号,发证日期为2008年1月21日。见附件一。

Hebei Xu Wei Trade Co., Ltd. (“Xu Wei Trade”) was China domestically-funded but then converted into a TW-HK-Macau
invested China enterprise. It is categorized as a wholly foreign-owned enterprise, with a registration number of [2008] 0003 issued
on January 21, 2008. See Appendix I.

 

B.           旭威贸易的投资总额为5,500万元人民币,其注册资本为5,000万元人民币,由下列公司出资:

The total investment of Xu Wei Trade is RMB55 million and its registered capital is RMB50 million, funded by the following
company:

宏山控股有限公司
: 5,000万元人民币,占旭威贸易注册资本的100%。

Heat Planet Holdings Limited: RMB50 million, accounting for 100% of the registered capital of Xu Wei Trade.

 

C.           旭威贸易经河北省商务厅批准的经营期限为30年,其营业执照(注册号:130000400003647)上面载明的营业期限自2007年12月20日至2038年1月21日。

Hebei Provincial Department of Commerce approved a 30-year operating period for Xu Wei Trade. Its business license registration
number is 130000400003647 as stated on its operating business license and its operating period is from December 20, 2007 to January
21, 2038.

 

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D.           河北瑞良商贸有限公司(“瑞良商贸”)是一家注册于中华人民共和国的内资企业,注册资本为一亿元人民币,由下列公司出资:

Hebei Rui Liang Trade Co., Ltd. (“Rui Liang Trade”) is registered as a China-funded enterprise with registered
capital of RMB100 million, funded by the following companies:

 

河北旭威贸易有限公司:
一亿元人民币,占瑞良商贸注册资本的100%。

Xu Wei Trade: RMB100 million, accounting for 100% of the registered capital of Rui Liang Trade.

 

目前,瑞良商贸主要资产为开元中心写字楼。

At present, Rui Liang Trade’s primary asset is the KaiYuan Center.

 

E.           出售方系宏山控股将售股票的登记持有人及受益所有人。

Seller is the registered holder and beneficial owner of the shares of Heat Planet Holdings to be sold.

 

F.           出售方愿意依照本协议规定的条款和条件出售,而收购方亦愿意根据本协议规定的条款和条件购买所销售股票。宏山控股同意本协议所述各项有关所销售股票出售和购买的条款。

The Seller is willing to sell, and the Buyer is willing to buy, the shares in accordance with the terms and conditions prescribed
herein. Heat Planet Holdings agreed to all the provisions governing the sale and purchase of the shares stipulated herein.

 

协议:Contract:

 

基于本协议所述的相互承诺和其它适当及有价值之对价,对该等承诺及对价的充分性和完整性在此确认,出售方及收购方达成协议如下:

Based on mutual commitments described in this Agreement and other appropriate and valuable consideration, the adequacy and
completeness of which are hereby confirmed, the Seller and the Buyer agreed as follows:

 

Article
I

定义及解释

Definitions and Interpretation

 

1.1           除文义另有所指外,以下词语具有下列含义:

Unless the context indicates otherwise, the following terms shall have the following meanings:

 

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(a)          “诉讼”指任何法律诉讼、起诉、索赔、调查、听证或诉讼程序,包括所有纳税额或其他事项的审计、申报和评估。

“Action” means any legal action, suit, claim, investigation, hearing or proceeding, including any audit, claim
or assessment for Taxes or otherwise.

 

(b)          “实际现金余额”指”实际期末资产负债表”中列明的现金及现金等价物的总额。

 “Actual Cash Balance” shall mean the amount of cash and cash equivalents, as set forth on the Actual Closing
Balance Sheet.

 

(c)          “实际期末资产负债表”在10.1部分有明确定义。

“Actual Closing Balance Sheet” is defined in Section 10.1

 

(d)          “实际营运资金”指在”实际期末资产负债表”中列出的”流动资产”减去”流动负债”所得到的差额(可能为正值或负值)。

“Actual Working Capital” shall mean the difference (which may be positive or negative) between the Current Assets
over the Current Liabilities, as set forth in the Actual Closing Balance Sheet.

 

(e)          “关联方”指某”人”直接或间接地控制他”人”、受到他”人”控制,或与他”人”共同受到另外的”人”的控制。
为避免疑问,(i)在成交之前,出售方为”宏山控股”及其子公司的”关联方”,(ii)在成交之后,”收购方”为”宏山控股”及其子公司的”关联方”。

“Affiliate” means, with respect to any Person, any other Person directly or indirectly Controlling, Controlled
by, or under common Control with such Person. For avoidance of any doubt, (i) with respect to all periods prior to the Closing,
the Seller is an Affiliate of Heat Planet Holdings and its Subsidiaries, and (ii) with respect to all periods subsequent to the
Closing, Buyer is an Affiliate of Heat Planet Holdings and its Subsidiaries.

 

(f)          “经审计的年度财务报表”的定义详见第4.11(b)部分。

“Audited Annual Financial Statements” is defined in Section 4.11(b).

 

(g)          “官方”指国际、国内、联邦、州的或地方的所有政府、监管或管理性当局、机构或权力机关,或任何司法机关、仲裁人,或任何公共、私人或行业监管机关。

“Authority” means any governmental, regulatory or administrative body, agency or authority, any court or judicial
authority, any arbitrator, or any public, private or industry regulatory authority, whether international, national, Federal, state,
or local.

 

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(h)          “AutoChina
SEC文件”指由AutoChina国际有限公司公开提交给美国”证券交易管理委员会”进行备案的所有文件。

 “AutoChina SEC Document” means all documents that are filed with, or furnished to, the U.S. Securities and
Exchange Commission by AutoChina International Limited that are publicly available.

 

(i)          “帐簿及记录”指除股票簿册及备忘录以外,所有帐簿及记录、分类帐、员工记录,客户列表、档案、信件,以及由”人”拥有或使用的,或能以其他方式反映”人”的资产、业务或交易的其他各种(书面的、电子的或其他形式的)记录。

“Books and Records” means all books and records, ledgers, employee records, customer lists, files, correspondence,
and other records of every kind (whether written, electronic, or otherwise embodied) owned or used by a Person or in which a Person’s
assets, the Business or its transactions are otherwise reflected, other than stock books and minute books.

 

(j)          “业务”应指旭威贸易、瑞良商贸在本协议签署日在中国河北实际经营的业务。

“Business” shall mean the actual operations in Hebei, China of Xu Wei Trade and Rui Liang Trade as of the date
of execution of this Agreement.

 

(k)          “工作日”应指除周六和周日外,中国境内(包括香港特别行政区)银行通常开放的营业日。

“Business Day” shall mean regular business days of the banks in China (including Hong Kong S.A.R.) except Saturday
and Sunday.

 

(l)          “中国”应指中华人民共和国,仅为本协议之目的,不包括中国台湾省、香港和澳门特别行政区。

“China” means the People’s Republic of China, and only for purposes of this Agreement, not including Taiwan,
Hong Kong and Macao Special Administrative Regions.

 

(m)          “索赔”应指与一方有关的针对该方或由该方提出的请求、索赔、诉讼或法律程序,无论是如何产生的或是否为现有的、未确定的、即时的、将来的或可能的。

“Claim” shall mean current, potential, pending or future claims, litigation or legal proceedings concerning,
brought by, or against a party.

 

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(n)          “成交”应指双方按照第11条的规定完成本协议项下的所销售股票的出售和购买。

“Closing” shall mean the completion by the parties of the sale and purchase of stock sold under this Agreement
in accordance with the provisions of Article 11.

 

(o)          “成交日”应指成交发生之日,该日为:宏山控股股权变更登记日。

“Closing Date” shall mean the date of Closing, that day is a: Date that Heat Planet Holdings changes registration
of its stock.

 

(p)          “公司同意”的定义详见第4.10部分。

“Company Consent” is defined in Section 4.10.

  

(q)          “合同”指”宏山控股”或其任何子公司作为合同方所签订的或对各其自资产有约束的”
开元中心所有权”及所有合同、协议、租约(包括设备、车辆及资本租赁)、许可证、承诺、客户合同、工作说明书、买卖订单以及类似口头或书面的契约,包括在签署本合同之后并在成交之前,”宏山控股”或其任何子公司按照第6.1部分达成的任何协议,以及上述各项所涉及的所有权益,其中包括与”宏山控股”或其任何子公司所控制的第三方现金和资产相关的权益。

“Contracts” means the Kaiyuan Center Title and all contracts, agreements, leases (including equipment leases,
car leases and capital leases), licenses, commitments, client contracts, statements of work (SOWs), sales and purchase orders and
similar instruments, oral or written, to which Heat Planet Holdings or any of its Subsidiaries is a party or by which any of its
respective assets are bound, including any entered into by Heat Planet Holdings or any of its Subsidiaries in compliance with Section
6.1 after the signing hereof and prior to the Closing, and all rights and benefits thereunder, including all rights and benefits
thereunder with respect to all cash and other property of third parties under Heat Planet Holdings or any of its Subsidiaries’
dominion or control.

 

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(r)          对某”人”的”控制”是指由于持有表决证券、合同约定或其他原因而有直接或间接的权力对此”人”的管理及经营决策进行管理或指导。
“受控”、”控制”及”共同受到控制”具有与此相关的含义。
在不限定前述条款的情况下,在下述情形下,应视某”人”(”受控制的人”)受到控制:(a)按照”1934年证券交易法”及其修正版本的第13d-3规章之定义,若任何他”人”(10%所有人)(i)在受益的基础上持有10%或以上有权对此”人”的董事选举进行表决的证券或拥有同等权力对此”受控制的人”进行管理,或(ii)有权分配或接收此”受控制的人”的10%或以上之利润、损失或资产,则此”人”受到所述他”人”的控制;(b)此”人”受到自己的高级管理人员、董事、一般合伙人、(非有限责任)合伙人、经理、或股东(有管理权力的10%所有人)的控制;或(c)此”人”受到其”关联方”的配偶、直系子孙,以及上代、同代及下代直系血亲与直系姻亲的控制,或者受到其”关联方”作为信托人或受托人的信托关系控制。

Control” of a Person means the possession, directly or indirectly, of the power to direct or cause the direction
of the management and policies of such Person, whether through the ownership of voting securities, by contract, or otherwise.
“Controlled”, “Controlling” and “under common Control with” have correlative meanings. Without
limiting the foregoing a Person (the “Controlled Person”) shall be deemed Controlled by (a) any other Person (the
“10% Owner”) (i) owning beneficially, as meant in Rule 13d-3 under the Securities Exchange Act of 1934, as amended,
securities entitling such Person to cast 10% or more of the votes for election of directors or equivalent governing authority
of the Controlled Person or (ii) entitled to be allocated or receive 10% or more of the profits, losses, or distributions of the
Controlled Person; (b) an officer, director, general partner, partner (other than a limited partner), manager, or member (other
than a member having no management authority that is not a 10% Owner ) of the Controlled Person; or (c) a spouse, parent, lineal
descendant, sibling, aunt, uncle, niece, nephew, mother-in-law, father-in-law, sister-in-law, or brother-in-law of an Affiliate
of the Controlled Person or a trust for the benefit of an Affiliate of the Controlled Person or of which an Affiliate of the Controlled
Person is a trustee.

 

(s)          “流动资产”指按照”宏山控股”所应用的”美国会计准则”(与”宏山控股”的历史会计实务在所有实质方面基本一致),在”宏山控股”及其子公司的正常营运时所产生的流动资产,并在”经审计的年度财务报表”中列出。

“Current Assets” means the current assets of Heat Planet Holdings and its Subsidiaries arising in the ordinary
course in accordance with U.S. GAAP as applied by Heat Planet Holdings on a basis consistent in all material respects with Heat
Planet Holdings’s historic accounting practices as reflected in the Audited Annual Financial Statements.

 

(t)          “流动负债”指按照”宏山控股”所应用的”美国会计准则”(与”宏山控股”的历史会计实务在所有实质方面基本一致)累算的、在”宏山控股”及其子公司的正常营运时所产生的流动负债,并在2011年”经审计的年度财务报表”中列出。

“Current Liabilities” means the current liabilities of Heat Planet Holdings and its Subsidiaries arising in
the ordinary course and accrued in accordance with U.S. GAAP as applied by Heat Planet Holdings on a basis consistent in all material
respects with Heat Planet Holdings’s historic accounting practices as reflected in the 2011 Audited Annual Financial Statements.

 

(u)          “等值美元”应指当某一款项以人民币表示为币值时,按支付当日中国银行有限公司所正式公布的购买和出售美元的汇率中间价所换算成(或表示为)的数额的美元。

“Dollar Equivalent” shall mean a certain amount of money denominated in RMB equal to a given amount of U.S.
dollars at the central parity rate for a given date, as officially announced by the Bank of China Co., Ltd. for the purchase and
sale of the U.S. Dollar currency.

 

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(v)          “环境法”之定义详见第4.25部分。

“Environmental Laws” is defined in Section 4.25.

 

(w)          “估计现金余额”指在”估计期末资产负债表”中所列的现金及现金行等价物的总额。

“Estimated Cash Balance” shall mean the amount of cash and cash equivalents, as set forth on the Estimated Closing
Balance Sheet.

 

(x)          “估计期末资产负债表”的定义详见第10.1(a)部分。

“Estimated Closing Balance Sheet” is defined in Section 10.1(a).

 

(y)          “估计营运资金”指在”估计期末资产负债表”中列明的流动资产减去流动负债所得到的差额(可能为正值或负值)。

“Estimated Working Capital” shall mean the difference (which may be positive or negative) between the Current
Assets over the Current Liabilities, as set forth on the Estimated Closing Balance Sheet.

 

(z)          “财务报表”的定义详见第4.11(b)部分。

“Financial Statements” is defined in Section 4.11(b).

 

(aa)         “香港”应指中华人民共和国香港特别行政区。

“Hong Kong” shall mean the Special Administration Region of Hong Kong of the People’s Republic of China.

 

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(bb)         就任何”人”来说,”负债”是指,(a)此”人”因借款,或保证金或各类预付款项(包括透支款项、信用证偿款协议规定的欠款款项)而应承担的所有债务责任,包括因此产生的各种利息、费用;(b)由债券、债权证、票据或类似的凭证所证明的由此”人”所承担的一切债务责任;(c)与此”人”所购买之财产相关的附加条件销售协议或其他所有权保留协议中规定的此”人”应承担的所有债务责任;(d)在购买财产或服务时,因签发或认定为延期支付价款(不同于在正常营业中产生的所欠债权人的商品及服务的应付帐款)而由此”人”承担的所有债务;(e)由留置或抵押此”人”所有或所获的财产进行担保(或债权人有权随时要求进行此类担保)的所有其他负债;(f)按照”
美国会计准则”,认定存在资本租赁时,此”人”应承担的所有债务;(g)此”人”提供的所有担保以及(h)因任何协议规定所应承担的上述各类债务责任。

“Indebtedness” means with respect to any Person, (a) all obligations of such Person for borrowed money, or with
respect to deposits or advances of any kind (including amounts by reason of overdrafts and amounts owed by reason of letter of
credit reimbursement agreements) including with respect thereto, all interests, fees and costs, (b) all obligations of such Person
evidenced by bonds, debentures, notes or similar instruments, (c) all obligations of such Person under conditional sale or other
title retention agreements relating to property purchased by such Person, (d) all obligations of such Person issued or assumed
as the deferred purchase price of property or services (other than accounts payable to creditors for goods and services incurred
in the ordinary course of business), (e) all Indebtedness of others secured by (or for which the holder of such Indebtedness has
an existing right, contingent or otherwise, to be secured by) any lien or security interest on property owned or acquired by such
Person, whether or not the obligations secured thereby have been assumed, (f) all obligations of such Person under leases required
to be accounted for as capital leases under U.S. GAAP, (g) all guarantees by such Person and (h) any agreement to incur any of
the same.

 

(cc)         “应赔偿损失限额”的定义详见14.1部分。

“Indemnifiable Loss Limit” is defined in Section 14.1.

 

(dd)         “受补偿方”的定义详见14.3(a)部分。

“Indemnified Party” is defined in Section 14.3(a).

 

(ee)         “补偿方”的定义详见14.3(a)部分。

“Indemnifying Parties” is defined in Section 14.3(a).

 

(ff)         “期中资产负债表”的定义详见4.11(a)
部分。

“Interim Balance Sheet” is defined in Section 4.11(a).

 

(gg)         “期中财务报表”的定义详见4.11(a)
部分。

“Interim Financial Statements” is defined in Section 4.11(a).

 

(hh)         “开元中心”应指瑞良商贸持有位于河北石家庄长安区东大街5号,建筑面积为61224.50平方米,做办公楼的物业。资料见附件二。

“KaiYuan Center” shall mean the property located at No. 5 East Main Street, Chang’an District of Shijiazhuang,
Hebei, with the construction area of 61,224.50 square meters, for office purpose, held by Rui Liang Trade. See the details contained
in Annex II.

 

(ii)         “关键员工”指《附录》6.7所列”宏山控股”及其子公司的员工。

“Key Personnel” means the employees of Heat Planet Holdings and its Subsidiaries listed on Schedule 6.7.

 

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(jj)         “法律”是指国内、国外、联邦、州、城市或地方的法律、法规、条例、法例、规章或不成文法。

“Law” means any domestic or foreign, Federal, state, municipality or local law, statute, ordinance, code, rule,
or regulation or common law.

 

(kk)         “留置权”指与任何资产相关的各类抵押权、留置权、质押权、担保权益或不动产留置权,以及任何附条件销售、表决权拘束协议或委托,包括任何赋予前述权利的协议。

“Lien” means, with respect to any asset, any mortgage, lien, pledge, charge, security interest or encumbrance
of any kind in respect of such asset, and any conditional sale or voting agreement or proxy, including any agreement to give any
of the foregoing.

 

(ll)         “损失”的定义详见14.1部分。

“Loss(es)” is defined in Section 14.1.

 

(mm)         “重大不利变化”指(a)业务、资产、财务或其他状况、债务、经营结果,或部分、总体业务期望的重大不利变化;(b)出售方按照本《协议》达成交易能力的重大不利变化;(c)在扣除利息、税金、折旧及摊销之前,”宏山控股”跟踪十二个月综合收益的减少总额达到或超过10%,或者”宏山控股”或其子公司不再雇用任何”关键员工”,但是,前提是不影响将其他事项认定为”重大不利变化”,且涉及”重大不利影响”的任何事项或者超过$10,000,000的损失或付款在本质上就已构成”重大不利变化”。

“Material Adverse Change” means (a) a material adverse change in the business, assets, condition (financial
or otherwise), liabilities, results of operations or prospects of the Business individually or as a whole (b) a material adverse
change in the ability of the Seller to consummate the transactions contemplated by this Agreement, (c) the diminution of Heat Planet
Holdings’s trailing twelve month consolidated earnings before interest, taxes, depreciation and amortization in an amount
equal to or greater than 10%, or if any Key Personnel cease to be employed by Heat Planet Holdings or its Subsidiaries; provided,
however, without prejudicing whether any other matter qualifies as a Material Adverse Change, any matter involving a Material Adverse
Effect or loss or payment in excess of $10,000,000 shall constitute a Material Adverse Change, per se.

 

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(nn)         “重大不利影响”指对业务、资产、财务或其他状况、债务、经营结果,或部分、总体业务期望重大不利影响;若在扣除利息、税金、折旧及摊销之前,”宏山控股”跟踪十二个月综合收益的减少总额达到或超过10%,则其构成”重大不利影响”;若”宏山控股”或其子公司不再雇用任何”关键员工”,则其构成”重大不利影响”,但是不能影响认定其他事项为”重大不利影响”,且任何涉及”重大不利变化”的事项或超过$10,000,000的损失或付款在本质上就已构成”重大不利影响”。

“Material Adverse Effect” means a material adverse effect on the business, assets, condition (financial or otherwise),
liabilities, results of operations or prospects of the Business, individually or as a whole, it being agreed that the diminution
of Heat Planet Holdings’s trailing twelve month consolidated earnings before interest, taxes, depreciation and amortization
in an amount equal to or greater than 10% shall constitute a Material Adverse Effect and that any Key Personnel ceasing to be employed
by Heat Planet Holdings and its Subsidiaries shall constitute a Material Adverse Effect; provided, however, without prejudicing
whether any other matter qualifies as a Material Adverse Effect, any matter involving a Material Adverse Change or loss or payment
in excess of $10,000,000 shall constitute a Material Adverse Effect, per se.

 

(oo)         “反洗钱法”的定义详见4.30部分。

“Money Laundering Laws” is defined in Section 4.30.

 

(pp)         “竞业禁止协议”的定义详见8.2(n)部分。

“Non-Compete Agreements” is defined in Section 8.2(n).

 

(qq)         “开元中心所有权”指与宏山和子公司控股开元中心楼层的所有权证明。

“Kaiyuan Center Title” means the proof of ownership with respect to the real property owned by Heat Planet Holdings
or any of its Subsidiaries of the Kaiyuan Center.

 

(rr)         “法令”指”官方”颁布或签发的任何命令、法令、判决、令状、裁决、强制令、裁定或同意书。

“Order” means any decree, order, judgment, writ, award, injunction, rule or consent of or by an Authority.

 

(ss)         “外部成交日期”的定义详见16.1部分。

“Outside Closing Date” is defined in Section 16.1.

 

(tt)         一方”应指出售方、收购方、以及被相应解释的各方。

“Party” shall mean each of the Seller and the Buyer as defined herein.

 

(uu)         “许可”的定义详见4.17部分。

“Permits” is defined in Section 4.17.

 

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(vv)         “容许留置权”指(i)提供给”收购方”的产权保险保单中列出的所有道路的缺陷、例外、约束、地役权、通行权以及不动产债权;(ii)在通常业务运作过程中产生的技工、搬运人、工人、修理工及类似的留置权,其抵押与”宏山控股”或其任何子公司的业务、经营及财务状况无实质性关联,且不是由于”宏山控股”或其任何子公司违约或违法所致;(iii)”官方”颁布的区划、所有权或其他土地利用及环境法规,前提是不得违反此类法规。

“Permitted Liens” means (i) all defects, exceptions, restrictions, easements, rights of way and encumbrances
disclosed in policies of title insurance which have been made available to Buyer; (ii) mechanics’, carriers’, workers’,
repairers’ and similar Liens arising or incurred in the ordinary course of business that are not material to the Business,
operations and financial condition of Heat Planet Holdings or any of its Subsidiaries so encumbered and that are not resulting
from a breach, default or violation by Heat Planet Holdings or any of its Subsidiaries of any Contract or Law; and (iii) zoning,
entitlement and other land use and environmental regulations by any Authority, provided that such regulations have not been violated.

 

(ww)         “成交前期”指”成交日期”之前的或到”成交日期”截止的时期,该时期包括”成交”当日。

“Pre-Closing Period” means any period that ends on or before the Closing Date or with respect to a period that
includes but does not end on the Closing Date, the portion of such period through and including the day of the Closing.

 

(xx)         “收购价格”应指根据第5.1条计算的有关所有所销售股票的收购价款。

“Purchase Price” shall mean the purchase price for all of the to-be-sold stock as calculated in accordance with
Section 5.1 hereof.

 

(yy)         “收购方接受赔偿人”的定义详见14.1部分。

“Purchaser Indemnitees” is defined in Section 14.1.

 

(zz)         “不动产”统称所有的不动产及其利息(包括使用权),以及建筑物与其固定附属物、营业装潢、设备及其他附加设施;使用上述各项时所产生的所有权利(包括空气、水、油及开采权);以及所有转租权、专营权、许可、特许、
地役权及附属的通行权。

“Real Property” means, collectively, all real properties and interests therein (including the right to use),
together with all buildings, fixtures, trade fixtures, plant and other improvements located thereon or attached thereto; all rights
arising out of use thereof (including air, water, oil and mineral rights); and all subleases, franchises, licenses, permits, easements
and rights-of-way which are appurtenant thereto.

 

(aaa)        
“瑞良商贸”应指河北瑞良商贸有限公司,其详细资料请见附件一。

“Rui Liang Trade” shall mean the Hebei Rui Liang Trade Co., Ltd. with its details in Annex 1.

 

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(bbb)        “SEC”(”证交会”)指证券交易管理委员会。

”SEC” means the Securities and Exchange Commission.

 

(ccc)        “担保权益”应指包括任何形式的抵押、质押、留置或按揭,或任何担保或优先权益或任何种类的和解,或任何债权人对任何资产或其收益享有的、优先于其他债权人受偿的任何其他权利或安排。其包括除日常交易过程中所有权保留之外的所有权保留及作为担保的定金,
但不包括因实施法律所产生的抵押或留置,除非该抵押或留置所担保的钱款的支付被拖欠。

“Security Interest” shall mean any form of mortgage, pledge, lien or mortgage, or any guarantee or priority
rights, or any kind of reconciliation, or any creditor entitled to any assets or profits, take precedence over any of the rights
or arrangements of other creditors, including retention of title in addition to retention of title in the daily transaction and
as a guarantee deposit, but excluding a mortgage created by operation of law or lien, unless the funds underlying such mortgage
or lien are in arrears.

 

(ddd)        “卖方受偿人”的定义参见14.2节。

“Seller Indemnitees” is defined in Section 14.2.

 

(eee)        “所销售股票”应指构成宏山控股已发行股本的100%,即共10000股,以每股港币1元的股价,以及因附随的或在本协议签订日产生的所有权利(包括分取红利的权利)带来的收益。

“Stock” shall mean 100% of the issued and outstanding stock of Heat Planet Holdings, representing a total of
10,000 shares, par value HK$1 per share and all accompanying benefits existing or generated as of the execution date of this Agreement
(including the right to receive dividends).

 

(fff)        “子公司”是指其至少百分之五十(50%)的股本,或其他产权、表决证券为”宏山控股”所直接或间接持有或控制的各实体。

“Subsidiary” means each entity of which at least fifty percent (50%) of the capital stock or other equity or
voting securities are Controlled or owned, directly or indirectly, by Heat Planet Holdings.

 

(ggg)        “有形资产”指由”宏山控股”或其任何子公司拥有或租用的所有有形的个人财产及其利息,包括机器、计算机及附件、家具、办公设备、通信设备、汽车、货车、叉式装卸车及其他车辆,以及其他有形资产;

 “Tangible Assets” means all tangible personal property and interests therein, including machinery, computers
and accessories, furniture, office equipment, communications equipment, automobiles, trucks, forklifts and other vehicles owned
or leased by Heat Planet Holdings or any of its Subsidiaries and other tangible property;

 

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(hhh)        “纳税申报单”指由有关税款确定、评估、征收或支付的税务机关或税收法律管理机构备案的任何报表、纳税资料表、报单、退税申请、报告或任何类似的报表,以及前述表单的修订,包括任何附加的清单及支持材料,其形式可以为单独的、综合的或合并的。

“Tax Return” means any return, information return, declaration, claim for refund or credit, report or any similar
statement, and any amendment thereto, including any attached schedule and supporting information, whether on a separate, consolidated,
combined, unitary or other basis, that is filed or required to be filed with any Taxing Authority in connection with the determination,
assessment, collection or payment of a Tax or the administration of any Law relating to any Tax.

  

(iii)        “税款”指任何联邦、州、地方的或外国税款、收费、征款、关税、不足税金,或其他各类由税务机关强制执行的特别税捐(包括任何(总或净)收入、利润、意外利润、销售、使用、商品及服务、从价征收、专营权、许可、代扣、雇用、社会保障、工人赔偿金、失业补偿金、薪酬表、转帐、消费、进口、不动产、个人财产、无形财产、占用、登记、最小、可选择最小、环境或估计的税款),包括作为受让人或继承人应承担的前述责任,以及税收分成、赔偿或类似的协议规定的责任,另外还包括任何利息、罚金,以及各类税款的强制增收或补充征收的款项。

“Tax(es)” means any federal, state, local or foreign tax, charge, fee, levy, custom, duty, deficiency, or other
assessment of any kind or nature imposed by any Taxing Authority (including any income (net or gross), gross receipts, profits,
windfall profit, sales, use, goods and services, ad valorem, franchise, license, withholding, employment, social security, workers
compensation, unemployment compensation, employment, payroll, transfer, excise, import, real property, personal property, intangible
property, occupancy, recording, minimum, alternative minimum, environmental or estimated tax), including any liability therefor
as a transferee or successor, or as a result of any Tax sharing, indemnification or similar agreement, together with any interest,
penalty, additions to tax or additional amount imposed with respect thereto.

 

(jjj)        “税务机关”指负责税款的征收、评估的机关以及税收法律管理机构。

“Taxing Authority” means any Authority responsible for the collection, assessment or imposition of any Tax or
the administration of any Law relating to any Tax.

 

(kkk)        “未经审计的年度财务报告”的定义详见4.11(a)部分。

“Unaudited Annual Financial Statements” is defined in Section 4.11(a).

 

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(lll)        “美国会计准则”应指在美国被普遍接受的会计原则,标准以及诠释。

“U.S. GAAP” shall mean the generally accepted accounting principles, standards and interpretations in the United
States of America.

 

(mmm)        
“营运资金计算日期”的定义详见10.1(a)部分。

“Working Capital Calculation Date” is defined in Section 10.1(a).

 

(nnn)        “旭威贸易”应指河北旭威贸易有限公司,其详细资料请见附件一。

“Xu Wei Trade” shall mean the Hebei Xu Wei Trading Co., Ltd., with its details in Annex 1.

 

1.2           解释
Interpretation. 本协议中的标题仅为方便之用,对协议解释不产生影响。除非本协议中另有规定,本协议应根据下列规定进行解释:

The titles in this Agreement are for the convenience purpose and shall not affect interpretations hereof. Unless otherwise
provided in this Agreement, this Agreement shall be interpreted in accordance with the following provisions:

 

(a)          如果某一字或词语已被定义,则其语法形式也具有相同的含义。

If a word or words have been defined, its grammatical forms shall have the same meaning.

 

(b)          本协议中提到的”人”包括公司、信托、合伙、非法人团体、有限责任公司或其它实体,不论其是否构成一独立的法律实体。

References in this Agreement, to a “person” includes a company, trust, partnership, unincorporated association,
limited liability companies or other entities, regardless of whether they constitute a separate legal entity.

 

(c)          引用的条款、附件或附表是指附件中的条款或本协议中的附表。

References to any provision, annex or schedule refer to an Annex or Schedule, or provisions thereof, attached to this Agreement.

 

(d)          本协议中提到的协议或文件(包括本协议)是指在本协议或其它协议或文件所禁止的范围外,修改、补充、更新或更换过的该协议或文件。

The agreements or documents (including this Agreement) referred herein shall mean the modified, supplemented, updated or
replaced agreement or document within the scope restricted by this Agreement or other agreements and documents.

 

(e)          本协议中提到的书面形式是指任何采用有形或直观的形式对文字、数字、图表或符号的表述或复制。

Written forms referred herein shall mean any form of tangible or visual representation or reproduction of texts, numbers,
diagrams or symbols.

 

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(f)          本协议中提到的法规或法规的规定包括对该法规的修订或重新制定,替代该法规的某一法律规定以及根据该法规颁布的规定或法律文件。

The laws and regulations referred to in this Agreement, include amendments re-enactments, and replacements of one or more
of the laws and the regulations issued thereunder.

 

(g)          本协议中提到的会计准则包括由相关会计或管理机构做出的所有解释、指引及公告,以及对上述内容的更改及修订。

The accounting standards referred to in this Agreement, include all the interpretations made by the relevant accounting
or management bodies, guidelines and announcements, as well as changes and amendments of the above.

 

(h)          本协议中提到的RMB或人民币是指中国的法定货币人民币。

References in this Agreement to RMB or yuan refer to the official currency of China.

 

(i)          本协议中提到的美元是指美利坚合众国的法定货币美元。

References in this Agreement to U.S. dollar refer to the lawful currency of the United States of America.

 

(j)          本协议中使用”包括”、”例如”或类似表述描述的事项,其范围并不限于上述词语后所列明的事项。

As used in this Agreement, “including”, “for example” or similar expressions to describe matters,
are not limited to the scope of the matters set forth in following the aforementioned terms.

 

(k)          本协议中使用
“中国行政指令”,其范围包括任何中国政府各级部门的命令、通告、通知、办法、暂行办法、意见等。

“Administrative Instructions” used in this Agreement, includes orders, notices, notifications, measures, temporary
measures and opinions of all levels of the Chinese government.

 

1.3           同意或批准
Consent or approval. 如果任何本协议项下的行为、事宜或事情的进行需获得一方的同意或批准,或由一方自行决定,则该方有绝对自主权决定有条件或无条件给予或拒绝给予上述同意或批准,或行使或拒绝行使前述决定权。

If the conduct of any acts, matters or things under this Agreement requires to obtain a party’s consent or approval,
or to be decided by the party itself, the party has the absolute discretion to conditionally or unconditionally give or refuse
to give such consent or approval, or exercise or refused to exercise the aforementioned right to decide.

  

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1.4           付款方式
Payment.

 

(a)          本协议项下所有款项的支付应采用银行电子汇款的方式进行,除非该收款方以书面同意采用其它方式。

The payment of all amounts under this Agreement shall be made by electronic bank transfer, unless the beneficiary provides
written consent for a different method.

 

(b)          在本协议项下须支付予出售方的款项,如用银行电子汇款方式支付,应支付予下列银行账户
:

Payments under this Agreement to the Seller, if such payment is made by electronic bank transfer, shall be paid to the following
bank account:

 

收款银行名称

Beneficiary Bank Name: Standard Chartered Bank (Hong Kong) Limited

账户持有人

Account holder: Alliance Rich Management Limited

账户号码

Account Number: 429-1-023626-3

 

(c)          除非本协议另有条文规范,本协议项下所有的付款均应以等值美元支付。

Unless otherwise specifically provided herein, all payments under this Agreement shall be made in USD Equivalent.

 

Article
II

出售及收购

Sale and Purchase

 

2.1           依照本协议条款和条件,出售方向收购方出售,收购方从出售方购买,所销售股票,该等股票含宏山控股的一切所有权而不存在任何担保权益、负债,或留置权。

In accordance with the terms and conditions hereof, Seller will sell to Buyer, and Buyer will purchase from Seller, the
Stock which represents all ownership rights to Heat Planet Holdings, free and clear of any Security Interest, Indebtedness, or
Lien.

 

2.2           所销售股票的所有权及受益所有权:All
rights and benefits of the Stock:

 

(a)          直至成交,只能由出售方保有,期间不能出现任何权益(包括宏山控股所持有的旭威贸易、瑞良商贸及开元中心的权益)的转变;且

It will be held only by Seller until closing, and there shall be no changes to the rights and interests upon closing (including
rights and interests held by Heat Planet Holdings in Xu Wei Trade, Rui Liang Trade and KaiYuan Center) shall undergo any change;
and

 

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(b)          遵守本协议的规定,所销售股票在成交时转移给收购方。

In compliance with the provisions of this Agreement, the Stock will be transferred to the Buyer at the Closing.

 

Article
III

出售方与收购方在签署本协议后应尽快完成的事项

Matters TO be completed promptly after the signing of this Agreement

 

3.1           在签署此协议后,出售方应立即向收购方及其律师详细交待开元中心业权和使用权情况,以及旭威贸易、瑞良商贸的股权状况,并提供相关文件副本以确认旭威贸易、瑞良商贸的股权持有人及其拥有权的实际情况。

After the signing of this agreement, the Seller shall immediately explain to the Buyer and its lawyers in detail the status
of the business rights and usage rights of the KaiYuan Center, as well as the equity status of Xu Wei Trade and Rui Liang Trade,
and provide copies of relevant documents confirming the stockholders of Xu Wei Trade and Rui Liang Trade and the actual status
of their ownership.

 

3.2           出售方保证按照开元中心之设计标准全面完成其建设施工,并努力争取在2012年10月31日达到交楼标准。交楼标准见附件三。

The Seller shall ensure the full completion of construction of Kaiyuan Center in accordance with Kaiyuan’s design
standards, and shall strive to attain delivery standards by October 31, 2012. See the delivery standards in Annex III.

 

3.3           出售方保证,在合理的工作期限内,完善开元中心写字楼之规划、建设、验收及房屋产权证书等文件证明。

The Seller guarantees, within a reasonable period of work, to complete the planning, construction, inspection and acceptance,
as well as the property title certificate and related documents of the KaiYuan Center office.

 

Article
IV

宏山控股”及出售方
的陈述与保证

Representations And Warranties of Heat Planet Holdings And The Seller

 

“宏山控股”及出售方共同并各自在此向”收购方”声明并保证,从本《协议》签署之日起至”成交日期”止,下列陈述及保证真实、正确、完整:

Heat Planet Holdings and the Seller, jointly and severally, hereby represent and warrant to Buyer that each of the following
representations and warranties is true, correct and complete as of the date of this Agreement and as of the Closing Date:

 

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4.1           公司存续及权力。
“宏山控股”为按照香港法律正式组建、正当存续且声誉良好。
“宏山控股”具有所有公司和其他能力及权力,且获得拥有并运营其财产及资产、开展现有及将来的业务需要的所有政府许可、特许权、执照、授权、同意及核准。
除《附录》4.1所述之外,”宏山控股”在任何管辖区域都无资格作为外国实体开展业务。在其他任何辖区内,”宏山控股”也不因其持有或租用的财产的性质或其活动的性质而迫使其具有该资格。
“宏山控股”的办公地址为《附录》4.1中所述位置。
“宏山控股”未进行、未计划、也未签订任何协议来合并、兼并、销售其所有或绝大部分资产、重组、重组资本、解散或清算。

Corporate Existence and Power. Heat Planet Holdings is a corporation duly organized, validly existing and in good
standing under and by virtue of Hong Kong. Heat Planet Holdings has all power and authority, corporate and otherwise, and all governmental
licenses, franchises, Permits, authorizations, consents and approvals required to own and operate its properties and assets and
to carry on the Business as presently conducted and as proposed to be conducted. Heat Planet Holdings is not qualified to do business
as a foreign entity in any jurisdiction, except as set forth on Schedule 4.1, and there is no other jurisdiction in which the character
of the property owned or leased by Heat Planet Holdings or the nature of its activities make qualification of Heat Planet Holdings
in any such jurisdiction necessary. Heat Planet Holdings has offices located only at the addresses set forth on Schedule 4.1. Heat
Planet Holdings has not taken any action, adopted any plan, or made any agreement or commitment in respect of any merger, consolidation,
sale of all or substantially all of its assets, reorganization, recapitalization, dissolution or liquidation.

 

4.2           授权。Authorization.

 

(a)          “宏山控股”在其公司权限内能够完成本《协议》及《补充协议》的执行、交付及履行,并完成与此相关的交易,且此类行为已得到”宏山控股”必要的授权,包括其股东的一致通过。
在签署生效并交付之后,本《协议》以及任一《补充协议》的各自条款对”宏山控股”都有有效的法律约束力并具有强制性。

The execution, delivery and performance by Heat Planet Holdings of this Agreement and the Additional Agreements and the
consummation by Heat Planet Holdings of the transactions contemplated hereby and thereby are within the corporate powers of Heat
Planet Holdings and have been duly authorized by all necessary action on the part of Heat Planet Holdings, including the unanimous
approval of the stockholders of Heat Planet Holdings. This Agreement constitutes, and, upon their execution and delivery, each
of the Additional Agreements will constitute, a valid and legally binding agreement of Heat Planet Holdings enforceable against
Heat Planet Holdings in accordance with their respective terms.

 

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(b)          出售方有完全的法定资格、权力及能力来签署生效并交付此《协议》及作为协议方的《补充协议》,履行其中规定的出售方义务并完成其中所述交易。
出售方已正式签署生效及交付本《协议》并将在”成交”时正式签署生效将交付其作为协议方的《补充协议》,且本《协议》及此类《补充协议》(在”成交”时签署生效并交付的基础上)的各自条款对出售方都具有有效的法律约束力并具有强制性。

Seller has full legal capacity, power and authority to execute and deliver this Agreement and the Additional Agreements
to which Seller is named as a party, to perform Seller’s obligations hereunder and thereunder and to consummate the transactions
contemplated hereby and thereby. This Agreement has been, and the Additional Agreements to which Seller is named as a party, will
be at Closing, duly executed and delivered by Seller and this Agreement constitutes, and such Additional Agreements are, or upon
their execution and delivery at Closing will be, valid and legally binding agreements of Seller, enforceable against him in accordance
with their respective terms.

 

4.3           政府授权。
“宏山控股”或出售方对本《协议》及任何《补充协议》的签署生效、交付或履行都不需要任何”官方”的同意、批准、许可,也不在存在其他需要由”官方”批准的注册、申报或备案活动。

Governmental Authorization. Neither the execution, delivery nor performance by Heat Planet Holdings or Seller of
this Agreement or any Additional Agreements requires any consent, approval, license or other action by or in respect of, or registration,
declaration or filing with, any Authority.

 

4.4           不违反。
“宏山控股”或出售方对本《协议》或任何《补充协议》的签署生效、交付或履行从未且不会(a)违反或抵触”宏山控股”的组织或组建文件;(b)违反或抵触任何约束或适用于”宏山控股”或出售方或任何”所销售股票”的法律、法令;(c)除《附录》4.16列明的”合同”需要”公司同意”(也仅需获得此类”公司同意”)之外,违反(无论是否提前通知与/或在目前或今后)或有权终止、取消、修改或促进”宏山控股”或出售方的任何权利或义务,或对”宏山控股”或出售方在许可证、合同或其他文书的约束下(或在所销售股票或宏山控股的资产被约束下,或任何许可证的约束下)以任何形式享有权利的”业务”的实质性利益损失要求任何付款或偿付,或(d)导致对”宏山控股”的”所销售股票”或资产形成或强制执行”留置权”。

Non-Contravention. None of the execution, delivery or performance by Heat Planet Holdings or Seller of this Agreement
or any Additional Agreements does or will (a) contravene or conflict with the organizational or constitutive documents of Heat
Planet Holdings, (b) contravene or conflict with or constitute a violation of any provision of any Law or Order binding upon or
applicable to Heat Planet Holdings or Seller, or any of the Stock, (c) except for the Contracts listed on Schedule 4.16 requiring
Company Consents (but only as to the need to obtain such Company Consents), constitute a default under or breach of (with or without
the giving of notice or the passage of time or both) or violate or give rise to any right of termination, cancellation, amendment
or acceleration of any right or obligation of Heat Planet Holdings or the Seller or require any payment or reimbursement or to
a loss of any material benefit relating to the Business to which Heat Planet Holdings or the Seller is entitled under any provision
of any Permit, Contract or other instrument or obligations binding upon Heat Planet Holdings or the Seller or by which any of the
Stock or any of Heat Planet Holdings’s assets is or may be bound or any Permit, or (d) result in the creation or imposition
of any Lien on any of the Stock or any of Heat Planet Holdings’s assets.

 

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4.5           资本。
“宏山控股”拥有授权资本及未偿还资本,在《附录》4.5中有详细说明。在”成交”之时,”收购方”应收到良好、有效且可交易的所有”股票”所有权凭证,无任何”留置权”。
除《附录》4.5中所述内容之外,没有任何(a)
担保权益、未偿还认股、期权、凭证、认股权(包括”虚拟股票权利”)、认购期权、承付款项、非正式协议、股份转换权、股份交换权,或用来购买、发行或销售任何”宏山控股”股本股票的计划或其他各类协议,或(b)出售方签署的、与”所销售股票”相关的协议,包括任何委托股票权及其他相关的表决权协议或代理协议。

Capitalization. Heat Planet Holdings has an authorized capitalization and outstanding capitalization specified on
Schedule 4.5. Upon the Closing, Buyer shall receive good, valid and marketable title to all Stock, free and clear of all Liens.
Except as set forth on Schedule 4.5, there are no: (a) Security Interests, outstanding subscriptions, options, warrants, rights
(including “phantom stock rights”), calls, commitments, understandings, conversion rights, rights of exchange, plans
or other agreements of any kind providing for the purchase, issuance or sale of any shares of the capital stock of Heat Planet
Holdings, or (b) agreements by Seller with respect to any of the Stock, including any voting trust, other voting agreement or proxy
with respect thereto.

 

4.6           组织大纲及公司章程。
“宏山控股”及其所有子公司的(a)组织大纲的副本,须经过公司成立地所属的州务卿办公室或者与之相对等的政府部门的认证,以及(b)公司章程的副本,已由公司秘书认证,现将这些副本提供给”收购方”,且保证其为经修订的现行文件的真实完整副本。
“宏山控股”或其任何子公司都未曾有违反或损害其组织大纲或公司章程的行为。

Memorandum and Articles of Association. Copies of (a) the memorandum of association of Heat Planet Holdings and each
of its Subsidiaries, as certified by the Secretary of State or equivalent government department of its venue of incorporation,
and (b) the articles of association of Heat Planet Holdings and each of its Subsidiaries, certified by the secretary of Heat Planet
Holdings, have heretofore been made available to Buyer, and such copies are each true and complete copies of such instruments as
amended and in effect on the date hereof. Neither Heat Planet Holdings nor any of its Subsidiaries has taken any action in violation
or derogation of its memorandum and articles of association.

 

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4.7           公司记录。
自2007年9月4日始,”宏山控股”及其所有子公司的所有董事会、董事会委员会、股东的记录,以及所有事项的同意书都准确反映在”宏山控股”及其子公司备忘录簿册的备忘录及记录中。
“宏山控股”及其子公司的股票分类帐及股票转让簿册完整准确。
现向”收购方”提供与”宏山控股”及其子公司股票发行、转让相关的股票分类帐、股票转让簿册及备忘录,以及自2007年9月4日之后”宏山控股”及其所有子公司的所有董事会、董事会委员会、股东的记录,这些文件为”宏山控股”及其所有子公司的股票分类帐、股票转让簿册备忘录的原件或其真实副本。

Corporate Records. All proceedings occurring since September 4, 2007 of the board of directors, including committees
thereof, and stockholders of Heat Planet Holdings and each of its Subsidiaries and all consents to actions taken thereby, are accurately
reflected in the minutes and records contained in the corporate minute books of Heat Planet Holdings and its Subsidiaries. The
stock ledgers and stock transfer books of Heat Planet Holdings and its Subsidiaries are complete and accurate. The stock ledgers
and stock transfer books and minute book records of Heat Planet Holdings and its Subsidiaries relating to all issuances and transfers
of stock by Heat Planet Holdings and its Subsidiaries, and all proceedings of the board of directors, including committees thereof,
and stockholders of Heat Planet Holdings and each of its Subsidiaries since September 4, 2007, have been made available to Buyer,
and are the original stock ledgers and stock transfer books and minute book records of Heat Planet Holdings and each of its Subsidiaries
or true and correct copies thereof.

 

4.8           关联方。
与出售方不同,”宏山控股”未受任何”人”的”控制”,且与《附录》4.8中所列的”人”不同,”宏山控股”也不控制任何他”人”。
除《附录》4.8中所述之外,(a)除了经由”宏山控股”及其子公司,出售方及其任何员工未从事任何业务,也未对其他企业务提供补偿性服务;(b)除了持有公开交易的证券且不超过此发行证券的5%,出售方不拥有任何企业的产权证券。
“宏山控股”或其任何子公司作为合同一方,以及出售方或其”关联方”也作为合同一方的所有合同都已在《附录》4.8中列出。
出售方或其任何”关联方”(i)都不直接或间接地拥有”宏山控股”或其子公司使用的或在”业务”中必需的全部或部分有形的、无形的财产,且对”宏山控股”或其子公司的资产不拥有任何所有权或经营权;(ii)与”宏山控股”或其任何子公司不存在任何交易。
《附录》4.8中列出”宏山控股”及其子公司的所有关联方的准确清单,并列出”宏山控股”、其子公司以及出售方的”关联方”的所有者权益。

Affiliates. Other than Seller, Heat Planet Holdings is not Controlled by any Person and, other than the Persons listed
on Schedule 4.8, Heat Planet Holdings is not in Control of any other Person. Except as set forth on Schedule 4.8, Seller does not
(a) engage in any business, except through Heat Planet Holdings and its Subsidiaries, or is an employee of or provides any service
for compensation to, any other business concern or (b) own any equity security of any business concern, except for publicly traded
securities not in excess of 5% of the issued and outstanding securities with respect to such publicly traded securities. Schedule
4.8 lists each Contract to which Heat Planet Holdings or any of its Subsidiaries, on the one hand, and the Seller or any Affiliate
of the Seller, on the other hand, is a party. Neither the Seller nor any Affiliate of the Seller (i) own, directly or indirectly,
in whole or in part, any tangible or intangible property that Heat Planet Holdings or any of its Subsidiaries uses or the use of
which is necessary for the conduct of the Business or the ownership or operation of any of Heat Planet Holdings or its Subsidiaries’
assets, or (ii) have engaged in any transactions with Heat Planet Holdings or any of its Subsidiaries. Schedule 4.8 sets forth
a complete and accurate list of the Affiliates of Heat Planet Holdings and its Subsidiaries and the ownership interests in the
Affiliate of Heat Planet Holdings, its Subsidiaries and the Seller.

 

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4.9           子公司。Subsidiaries.

 

(a)          “宏山控股”持有《附录》4.9中列出的所有”人”的全部发行及流通股本及证券。
“宏山控股”或其任何子公司都未就组建任何合资企业、协会或其他实体而达成任何协议。

Heat Planet Holdings owns 100% of the issued and outstanding capital stock and securities of each Person listed on Schedule
4.9. None of Heat Planet Holdings or any of its Subsidiaries is a party to any agreement relating to the formation of any joint
venture, association or other entity.

 

(b)          每个”子公司”都是依法正式组建的公司、正当存续且声誉良好,其组建的名称已在《附录》4.9中列明。
各”子公司”都拥有公司及其他所有权力,并获得必需的政府许可、特许、执照、授权、同意及批准来持有及经营其财产、资产,以及在现在及将来开展”业务”。
各”子公司”仅在《附录》4.9中各自名称下所列的地址中设有办公室。
任何”子公司”都未进行或计划进行合并、兼并、销售其全部或绝大部分资产、重组、重组资本、解散或清算,也未就上述事项达成任何协议。

Each Subsidiary is a corporation duly organized, validly existing and in good standing under and by virtue of the Laws of the jurisdiction
of its formation set forth by its name on Schedule 4.9. Each Subsidiary has all power and authority, corporate and otherwise, and
all governmental licenses, franchises, Permits, authorizations, consents and approvals required to own and operate its properties
and assets and to carry on the Business as presently conducted and as proposed to be conducted. Each Subsidiary has offices located
only at the addresses set forth by its name on Schedule 4.9. No Subsidiary has taken any action, adopted any plan, or made any
agreement or commitment in respect of any merger, consolidation, sale of all or substantially all of its assets, reorganization,
recapitalization, dissolution or liquidation.

 

4.10         同意。
只有在《附录》4.10中列出的合同才对宏山控股、其任何的子公司或出售方有约束力,或者对宏山控股或其子公司的所销售股票或资产有约束力,执行、交付及履行本《协议》或任何《补充协议》,或完成其中规定的交易,需要得到某些人的同意、批准、授权、命令或其他行动支持,或者需要由其进行备案。

Consents. The Contracts listed on Schedule 4.10 are the only Contracts binding upon Heat Planet Holdings, any of
its Subsidiaries or the Seller or by which any of the Stock or any of Heat Planet Holdings or its Subsidiaries’ assets are
bound, requiring a consent, approval, authorization, order or other action of or filing with any Person as a result of the execution,
delivery and performance of this Agreement or any of the Additional Agreements or the consummation of the transactions contemplated
hereby or thereby (each of the foregoing, a “Company Consent”).

 

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4.11         财务报表。Financial
Statements.

 

(a)          所附《附录》4.11为(i)宏山控股及其子公司的未经审计的合并财务报表,至截止日期的未经审计的合并资产负债表、至截止到2010年及2011年12月31日的合并损益表、至截止日期的未经审计的十二(12)个月合并现金流量表组成(统称为”未经审计的年度财务报表”),及(ii)截止到2012年5月31日周期为五个月的宏山控股及其子公司的未经审计的期中合并财务报表,至截止日期的合并资产负债表(”期中资产负债表”)、至截止日期的五个月周期合并损益表组成(统称为”期中财务报表”)。

Attached hereto as Schedule 4.11 are (i) the unaudited consolidated financial statements of Heat Planet Holdings and its
Subsidiaries as of and for the fiscal years ended December 31, 2011 and 2010, consisting of the unaudited consolidated balance
sheets as of such dates, the unaudited consolidated income statements for the twelve (12) month periods ended on such dates, and
the unaudited consolidated cash flow statements for the twelve (12) month periods ended on such dates (the “Unaudited Annual
Financial Statements”), and (ii) the unaudited interim consolidated financial statements of Heat Planet Holdings and its
Subsidiaries for the five month interim period ended May 31, 2012, consisting of the consolidated balance sheet as of such date
(the “Interim Balance Sheet”), and the consolidated income statement for the five month period ended on such date (the
“Interim Financial Statements”).

 

(b)          根据4.11条款规定,宏山控股应该在本《协议》签署生效的75日之内,向收购方交付宏山控股及其子公司的截止日期为2010年及2011年12月31日经审计的合并财务报表,由经审计的当期合并资产负债表、截止日期相同的经审计的十二(12)个月周期合并损益表、截止日期相同的经审计的十二(12)个月周期合并现金流量表组成(统称为”经审计的年度财务报表”,连同”未经审计的年度财务报表”一并称为”财务报表”)。

In accordance with Section 4.11, Heat Planet Holdings shall, within 75 days of the execution of this Agreement, deliver
to the Buyer the audited consolidated financial statements of Heat Planet Holdings and its Subsidiaries as of and for the fiscal
years ended December 31, 2011 and 2010, consisting of the audited consolidated balance sheets as of such dates, the audited consolidated
income statements for the twelve (12) month periods ended on such dates, and the audited consolidated cash flow statements for
the twelve (12) month periods ended on such dates (the “Audited Annual Financial Statements” and together with the
Unaudited Annual Financial Statements, the “Financial Statements”).

 

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(c)          此”财务报表”一致应用并遵照”
美国会计准则”,
完整、准确且公正地说明了宏山控股及其子公司的当期财务状况及经营业绩。另外,”期中财务报表”符合正常年终调整。
此”财务报表”(i)根据宏山控股及其子公司的帐簿及记录编制;(ii)始终应用并按照”
美国会计准则”,在应计制基础上编制;(iii)包含并反映所有的调整及应计项目,公正地反映了宏山控股及其子公司的当期财务状况,包括所有担保、维护、服务及赔偿义务;(iv)包含并反映宏山控股及其子公司截止至本期的所有实质性足额纳税款项。宏山控股已向收购方提交了所有从会计部门收到的”管理建议书”的副本,以及过去五(5)年之内由宏山控股及其子公司聘用的律师对其会计或任何前任会计所作质询的回复。

The Financial Statements are complete and accurate and fairly present, in conformity with U.S. GAAP applied on a consistent
basis, the financial position of Heat Planet Holdings and its Subsidiaries as of the dates thereof and the results of operations
of Heat Planet Holdings and its Subsidiaries for the periods reflected therein subject, in the case of the Interim Financial Statements,
to normal year-end adjustments. The Financial Statements (i) were prepared from the books and records of Heat Planet Holdings and
its Subsidiaries; (ii) were prepared on an accrual basis in accordance with U.S. GAAP consistently applied; (iii) contain and reflect
all necessary adjustments and accruals for a fair presentation of Heat Planet Holdings and its Subsidiaries’ financial condition
as of their dates including for all warranty, maintenance, service and indemnification obligations; and (iv) contain and reflect
adequate provisions for all liabilities for all material Taxes applicable to Heat Planet Holdings and its Subsidiaries with respect
to the periods then ended. Heat Planet Holdings has delivered to Buyer complete and accurate copies of all “management letters”
received by it from its accountants and all responses during the last five (5) years by lawyers engaged by Heat Planet Holdings
and its Subsidiaries to inquiries from its accountant or any predecessor accountants.

 

(d)          在”期中资产负债表”对当期正常经营过程产生的同类性质同等数量的债务所作的特别披露、反映或全部保留。除此之外,宏山控股或其任何子公司都没有任何性质的(无论是累积的、固定的或临时的、清算的或未清算的、声明的或未声明的,或其他的)债务。
按照” 美国会计准则”,已将所有应计固定或临时的债务计入”期中资产负债表”。

Except as specifically disclosed, reflected or fully reserved against on the Interim Balance Sheet, and for liabilities
and obligations of a similar nature and in similar amounts incurred in the ordinary course of business since the date of the Interim
Balance Sheet, there are no liabilities, debts or obligations of any nature (whether accrued, fixed or contingent, liquidated or
unliquidated, asserted or unasserted or otherwise) relating to Heat Planet Holdings or any of its Subsidiaries. All debts and liabilities,
fixed or contingent, which should be included under U.S. GAAP on the Interim Balance Sheet are included therein.

 

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(e)          “期中资产负债表”中包含的资产负债表准确地反映了宏山控股及其子公司在当期未偿还的负债。
除《附录》4.11中所述之外,宏山控股或其任何子公司都没有任何负债。

The balance sheet included in the Interim Financial Statements accurately reflects the outstanding Indebtedness of Heat
Planet Holdings and its Subsidiaries as of the date thereof. Except as set forth on Schedule 4.11, none of Heat Planet Holdings
or any of its Subsidiaries has any Indebtedness.

 

(f)          由宏山控股或出售方或其代理向收购方递交的所有与业务相关的财务预测都是以诚信为原则并基于宏山控股信之为合理的假设而准备的,且宏山控股确认无论是宏山控股还是出售方都未发现合理可能地存在任何”重大不利影响”的可能性。

All financial projections delivered by or on behalf of Heat Planet Holdings or the Seller to Buyer with respect to the Business
were prepared in good faith using assumptions that Heat Planet Holdings believes to be reasonable and neither Heat Planet Holdings
nor the Seller is aware of the existence of any fact or occurrence of any circumstances that is reasonably likely to have an Material
Adverse Effect.

 

4.12         帐簿及记录。Books
and Records.

 

(a)          帐簿及记录内容合理,且准确、公正地反映了宏山控股及其子公司的交易、资产配置及服务提供情况。
宏山控股及其子公司坚持使用内部会计控制体系来合理保证:

The Books and Records accurately and fairly, in reasonable detail, reflect the transactions and dispositions of assets of
and the providing of services by Heat Planet Holdings and its Subsidiaries. Heat Planet Holdings and its Subsidiaries maintain
a system of internal accounting controls sufficient to provide reasonable assurance that:

 

(i)          仅按照管理部门的授权执行交易;

transactions are executed only in accordance with management’s authorization;

 

(ii)         在相应的期间内,按照宏山控股一贯采用的、符合”
美国会计准则”的收入确认及支出政策,及时、准确地记录了所有收支科目;

all income and expense items are promptly and properly recorded for the relevant periods in accordance with the revenue
recognition and expense policies maintained by Heat Planet Holdings as permitted by U.S. GAAP;

 

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(iii)        仅经管理部门授权才能允许接触资产;且

access to assets is permitted only in accordance with management’s authorization; and

 

(iv)         在合理的周期内,将记录资产与实际存在的资产进行比较,若存在任何差异,则采取适当的措施。

recorded assets are compared with existing assets at reasonable intervals, and appropriate action is taken with respect
to any differences.

 

(b)          宏山控股现在此将所有帐簿及记录交由收购方进行检验,并在此将本《协议》的《附录》中提及到的或收购方另作要求的所有文件的完整、准确副本提交给收购方。
由宏山控股或其代理向收购方提交的所有合同、文件及其他文件,或其副本都准确、完整、真实。

Heat Planet Holdings has heretofore made all Books and Records available to Buyer for its inspection and has heretofore
delivered to Buyer complete and accurate copies of all documents referred to in the Schedules to this Agreement or that Buyer otherwise
has requested. All Contracts, documents, and other papers or copies thereof delivered to Buyer by or on behalf of Heat Planet Holdings
are accurate, complete, and authentic.

 

(c)          宏山控股及其子公司的所有帐目、帐簿及分类帐在各方面都进行了适当、准确的记录,且内容完整,其中无任何实质性的差错或差异。
宏山控股或其任何子公司以任何形式(包括机械、电子或摄影方法,无论其是否为计算机化)记录、存储、保存、操控的任何记录、体系控制数据或信息(包括其所有存取方式)都是在排他性所有权之下进行的(特许的软件程序除外),并受宏山控股直接控制,且不受任何非相应办公地点的子公司的直接控制。

All accounts, books and ledgers of Heat Planet Holdings and its Subsidiaries have been properly and accurately kept and
completed in all material respects, and there are no material inaccuracies or discrepancies of any kind contained or reflected
therein. None of Heat Planet Holdings or any of its Subsidiaries has any records, systems controls, data or information recorded,
stored, maintained, operated or otherwise wholly or partly dependent on or held by any means (including any mechanical, electronic
or photographic process, whether computerized or not) which (including all means of access thereto and therefrom) are not under
the exclusive ownership (excluding licensed software programs) and direct control of Heat Planet Holdings or any of its Subsidiaries
and which is not located at the relevant Office.

 

4.13         不存在特定变化。
自2012年5月31始,宏山控股及其子公司所从事的常规业务与过去的业务一致,且:

Absence of Certain Changes. Since May 31, 2012, Heat Planet Holdings and its Subsidiaries have conducted the Business
in the ordinary course consistent with past practices, and there has not been:

 

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(a)          无任何”重大不利变化”,且与收购方进行的所述交易无任何重大减值;

any Material Adverse Change or any material diminishment in the value to Buyer of the transactions contemplated hereby;

 

(b)          宏山控股或其任何子公司就其业务或任何资产(包括购置或外置任何资产)未达成任何交易、合同或其他契约或承诺,且除种类及数量与过去相比都无重大变化的常规营运及此《协议》所述交易之外,宏山控股或其任何子公司在各种情形下都未放弃任何合同权利或其他的权利。

any transaction, Contract or other instrument entered into, or commitment made, by Heat Planet Holdings or any of its Subsidiaries
relating to the Business or any of Heat Planet Holdings or its Subsidiaries’ assets (including the acquisition or disposition
of any assets) or any relinquishment by Heat Planet Holdings or any of its Subsidiaries of any contract or other right, in either
case other than transactions and commitments in the ordinary course of business consistent in all respects, including kind and
amount, with past practices and those contemplated by this Agreement;

 

(c)          除按照《附录》4.3所述执行之外,未向任何员工支付或协定支付任何红利、薪金或其他的补偿。

any bonus, salary or other compensation paid or agreed to be paid to any employee except in accordance with Schedule 4.13
hereto;

 

(d)          除各种股票或宏山控股、其子公司的资产的容许留置权之外,未设立或以其他方式形成任何留置权。且

any creation or other incurrence of any Lien other than Permitted Liens on any Stock or any of Heat Planet Holdings or its
Subsidiaries’ assets; or

 

(e)          宏山控股或其任何子公司未就股东权益进行任何赎回、股利公布、股息支付或其他分配。

any redemption of, or declaration or payment of any dividend or other distribution with respect to, the equity interests
of Heat Planet Holdings or any of its Subsidiaries.

 

如果在本协议签署之日至成交日期之间,宏山控股或其任何子公司有违反宏山控股在4.13部分所述保证条款的行为,则不影响此事实,即自2012年5月31至且包括本协议签署日期,宏山控股或其任何子公司都未违反宏山控股在4.13部分所述保证条款。

Since May 31, 2012 through and including the date hereof, none of Heat Planet Holdings or any of its Subsidiaries has taken
any action nor has any event occurred which would have violated the covenants of Heat Planet Holdings set forth in Section 4.13
herein if such action had been taken or such event had occurred between the date hereof and the Closing Date.

 

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4.14         财产;宏山控股及其子公司资产的所有权

Properties; Title to Heat Planet Holdings and its Subsidiaries’ Assets

 

(a)          根据各自既定用途,各有形资产无缺陷、状况良好、运转正常,并经妥善修理、维护(通常损耗除外),且适于现行用途,并符合所有相应的规范及质保要求。

The Tangible Assets have no defects, are in good operating condition and repair and function in accordance with their intended
uses (ordinary wear and tear excepted) and have been properly maintained, and are suitable for their present uses and meet all
specifications and warranty requirements with respect thereto.

 

(b)          宏山控股及其子公司都拥有对各自资产的良好、有效及可交易所有权,并在按合同开元中心所有权以及租赁或获准使用各类资产的情况下,都持有有效的使用相关资产的租赁权益或使用许可,且除容许留置权之外,不存在任何留置权。
在业务经营过程中使用的各类资产,包括商誉,都是由宏山控股及其子公司的资产所构成。

Each of Heat Planet Holdings and its Subsidiaries has good, valid and marketable title in and to, or, in the case of the
Kaiyuan Center Title and the assets which are leased or licensed pursuant to Contracts, a valid leasehold interest or license in
or a right to use each of its respective assets, free and clear of all Liens other than Permitted Liens. Heat Planet Holdings,
and its Subsidiaries’ assets constitute all of the assets of any kind or description whatsoever, including goodwill, that
are used or useful in the operation of the Business.

 

4.15         诉讼。在任何法院、官方机构都无任何向宏山控股或其任何子公司,或其任何管理人员、董事、股票、资产、合同,或出售方提起的未决诉讼(或任何诉讼依据),且就宏山控股所知,也无任何威胁或影响宏山控股或其任何子公司,或其任何管理人员、董事、股票、资产、合同,或出售方的诉讼,且不存在任何阻止、禁止、变更或延迟本《协议》或《补充协议》所述的交易的各类问题及企图。
无任何针对宏山控股、其任何子公司或出售方进行的未决判决。
过去五(5)年之内及现在,宏山控股或进行其任何子公司都未受到任何官方的诉讼。

Litigation. There is no Action (or any basis therefor) pending against, or to the best knowledge of Heat Planet Holdings
threatened against or affecting, Heat Planet Holdings or any of its Subsidiaries, any of their officers or directors, the Seller,
the Business, or any Stock or any of Heat Planet Holdings or its Subsidiaries’ assets or any Contract before any court, Authority
or official or which in any manner challenges or seeks to prevent, enjoin, alter or delay the transactions contemplated hereby
or by the Additional Agreements. There are no outstanding judgments against Heat Planet Holdings, any of its Subsidiaries or the
Seller. None of Heat Planet Holdings or any of its Subsidiaries is now, nor has it been in the past five (5) years, subject to
any proceeding with any Authority.

 

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4.16         合同。Contracts.

 

(a)          各合同都合法有效且具有完全约束力及效力,就宏山控股所知,作为合同方的宏山控股或其任何子公司,或任何其他合同方都无违约行为(无论目前还是尔后与/或提前通知)。
宏山控股或其任何子公司都未就任何合同转让、转授或以其他方式转让其任何权利或义务,也未对任何合同或其资产达成签发任何委托书。
宏山控股已将(A)各书面合同的完整有效副本及(B)各口头协议的书面摘要递交给收购方,且保证内容真实准确。

Each Contract is a valid and binding agreement, and is in full force and effect, and neither Heat Planet Holdings nor any
of its Subsidiaries that is party thereto nor, to Heat Planet Holdings’s best knowledge, any other party thereto, is in breach
or default (whether with or without the passage of time or the giving of notice or both) under the terms of any such Contract.
None of Heat Planet Holdings or any of its Subsidiaries has assigned, delegated, or otherwise transferred any of its rights or
obligations with respect to any Contracts, or granted any power of attorney with respect thereto or to any of Heat Planet Holdings
or its Subsidiaries’ assets. Heat Planet Holdings has given to Buyer true and correct (A) fully executed copies of each written
Contract and (B) written summaries of each oral Contract.

 

(b)          上述合同包括宏山控股或其任何子公司作为合同方签署的,以及对其任何股票或资产有约束力的所有现行有效的协议、工作声明、购买订单、协定、非正式协议及其他契约。
《附录》4.16列出了所有实质性的书面或口头合同,并分别引述了适用条款,包括:

The Contracts constitute all the material agreements, statements of work, purchase orders, arrangements, understandings
and other instruments in effect to which Heat Planet Holdings or any of its Subsidiaries is a party or to which any Stock or any
of Heat Planet Holdings or its Subsidiaries’ assets are bound. Schedule 4.16 lists all material Contracts, oral or written,
separately referencing the applicable subsection below in each case, including:

 

(i)          在本财政年度或上两个财政年度其中任何一个年度期间的此类其他合同,即按照此合同规定宏山控股或其任何子公司被要求支付或已支付、有权收取或已收取的总额超过$1,000,000。

any other Contract pursuant to which Heat Planet Holdings or any of its Subsidiaries is required to pay, has paid or is
entitled to receive or has received an amount in excess of $1,000,000 during the current fiscal year or any one of the two preceding
fiscal years;

 

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(ii)         所有雇用合同、员工租借合同、顾问及销售代理合同;

all employment Contracts, employee leasing Contracts, and consultant and sales representatives Contracts;

 

(iii)        所有宏山控股或其任何子公司作为合同一方的材料销售、代理、代办、委托及配送合同;

all material sales, agency, factoring, commission and distribution contracts to which Heat Planet Holdings or any of its
Subsidiaries is a party;

 

(iv)         宏山控股或其任何子公司购买或接收中间产品、供应品、设备、货物或服务(不同于4.16(b)(ii)
或 (iii)所述)的所有现行协议;

all ongoing agreements for purchases or receipt by Heat Planet Holdings or any of its Subsidiaries of media, supplies, equipment,
goods or services (other than under Section 4.16(b)(ii) or (iii));

 

(v)          宏山控股或其任何子公司作为合同方签署的所有合资企业、战略联盟、有限责任公司及合伙经营协议;

all joint venture, strategic alliance, limited liability company and partnership agreements to which Heat Planet Holdings
or any of its Subsidiaries is a party;

 

(vi)         宏山控股或其任何子公司获取或分配其资产的所有重要文件;

all significant documents relating to any acquisitions or dispositions of assets by Heat Planet Holdings or any of its Subsidiaries;

 

(vii)        所有实质性的许可协议,包括知识产权许可协议,不包括拆封许可;

all material licensing agreements, including agreements licensing intellectual property rights, other than “shrink
wrap” licenses;

 

(viii)      限制宏山控股或其任何子公司行为的所有保密、机密、不披露协议;

all secrecy, confidentiality and nondisclosure agreements restricting the conduct of Heat Planet Holdings or any of its
Subsidiaries;

 

(ix)         与宏山控股或其任何子公司的专利、商标、服务标识、商号、品牌、版权、商业机密及其他知识产权权利相关的所有合同;

all contracts relating to patents, trademarks, service marks, trade names, brands, copyrights, trade secrets and other intellectual
property rights of Heat Planet Holdings or any of its Subsidiaries;

 

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(x)          由宏山控股或其任何子公司签署或提供的所有担保、赔偿协定及其他免责协议,包括所有现行修理、担保、维修、服务、补偿或类似义务的协议。

all guarantees, indemnification arrangements and other hold harmless arrangements made or provided by Heat Planet Holdings
or any of its Subsidiaries, including all ongoing agreements for repair, warranty, maintenance, service, indemnification or similar
obligations;

 

(xi)         与宏山控股或其任何子公司相关、且出售方或其关联方作为缔约方的所有合同或协议;

all contracts or agreements with or pertaining to Heat Planet Holdings or any of its Subsidiaries to which the Seller or
any Affiliate of the Seller is a party;

 

(xii)        与宏山控股或其任何子公司被授权或授权他人占用或使用任何经营场所相关的所有不动产、个人有形财产协议,包括任何不动产租赁、转租或共享、许可或使用协议;

all agreements relating to real and tangible personal property, including any Real Property lease, sublease or space sharing,
license or occupancy agreement, whether Heat Planet Holdings or any of its Subsidiaries is granted or granting rights thereunder
to occupy or use any premises;

 

(xiii)      宏山控股或其任何子公司作为缔约方签署的所有货物加工协议;

any agreement to manufacture any goods to which Heat Planet Holdings or any of its Subsidiaries is a party;

 

(xiv)        与有形资产相关的所有物料协议;以及

all material agreements relating to Tangible Assets; and

 

(xv)         所有与未偿还负债相关的协议。

all agreements relating to outstanding Indebtedness.

 

(c)          无论是宏山控股还是其任一子公司都遵守所有保证条款,包括所有财务保证条款,并提供所有票据、双联契约、债券、及其他凭证或协议来证明所有负债。

Each of Heat Planet Holdings and its Subsidiaries is in compliance with all covenants, including all financial covenants,
in all notes, indentures, bonds and other instruments or agreements evidencing any Indebtedness.

 

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4.17         许可证。
《附录》4.17中准确地列出了所有许可、专营权、执照、法令及其他影响或有关业务的此类批准或授权,并将签发机构名称一并列出(”许可证”)。
除《附录》4.17中另有说明外,此类许可证合法且具全部效力,在”成交日期”之前,任何许可证都不会影响相关的”公司同意”,也不会在所述交易达成之后终止或减弱效力。
宏山控股及其子公司持有所有营业所必需的许可证。

Licenses and Permits. Schedule 4.17 correctly lists each license, franchise, permit, order or approval or other similar
authorization affecting, or relating in any way to, the Business, together with the name of the Authority issuing the same (the
“Permits”). Except as indicated on Schedule 4.17, such Permits are valid and in full force and effect, and none of
the Permits will, assuming the related Company Consents have been obtained or waived prior to the Closing Date, be terminated or
impaired or become terminable as a result of the transactions contemplated hereby. Heat Planet Holdings and its Subsidiaries have
all Permits necessary to operate the Business.

 

4.18         遵守法律。
宏山控股或其任何子公司都未触犯或违反任何国内外的法律、判决、法令,或任何法院、仲裁人、官方机构的裁定,并就宏山控股所知,也无任何与此相关的正在调查中的事件、存在被控诉的可能或控诉的凭据,且在最近的24月之内,宏山控股或其任何子公司未收到任何官方机构的任何传票。

Compliance with Laws. None of Heat Planet Holdings or any of its Subsidiaries is in violation of, has violated, and
to Heat Planet Holdings’s best knowledge, is neither under investigation with respect to nor has been threatened to be charged
with or given notice of any violation or alleged violation of, any Law, or judgment, order or decree entered by any court, arbitrator
or Authority, domestic or foreign, nor is there any basis for any such charge and within the last 24 months none of Heat Planet
Holdings or any of its Subsidiaries has received any subpoenas by any Authority.

 

(a)          在不限制前述条款的前提下,宏山控股或其任何子公司在现在或过去都未违反下述法律,且就宏山控股所知,无任何就违反下述法律而进行的调查、或存在被指控的可能:

Without limiting the foregoing paragraph, none of Heat Planet Holdings or any of its Subsidiaries is in violation of, has
not violated, and to Heat Planet Holdings’s best knowledge is not under investigation with respect to nor has been threatened
or charged with or given notice of any violation of any provisions of:

 

(i)          适用于业务特性的任何法律;

Any Law applicable due to the specific nature of the Business;

 

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(ii)         海外反腐败法案;

the Foreign Corrupt Practices Act;

 

(iii)        政府法案的道德规范;

the Ethics in Government Act;

 

(iv)         游说披露法案;

the Lobbying Disclosure Act;

 

(v)          任何同等或类似的管辖法律;或

any comparable or similar Law of any jurisdiction; or

 

(vi)         任何对工作场所进行规制或行为管制的法律,包括与性骚扰、工作环境型职业伤害相关的禁止性法律。

any Law regulating or covering conduct in, or the nature of, the workplace, including regarding sexual harassment or, on
any impermissible basis, a hostile work environment.

 

遵照4.18部分所述的任何法律从事业务时,宏山控股或其任何子公司都不需要经过特许、许可或登记注册。

No permit, license or registration is required by Heat Planet Holdings or any of its Subsidiaries in the conduct of the
Business under any of the Laws described in this Section 4.18.

 

4.19         预付款。
除《附录》4.19所述之外,宏山控股或其任何子公司,除在常规营运过程中,未收到与在”成交”之后提供服务或商品相关的任何付款。

Pre-payments. Except as set forth on Schedule 4.19, none of Heat Planet Holdings or any of its Subsidiaries has received
any payments with respect to any services to be rendered or goods to be provided after the Closing except in the ordinary course
of business.

 

4.20         员工。Employees.

 

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(a)          《附录》4.20真实、准确、完整地列出了宏山控股及其子公司所有员工的名称、职务、年薪或工资水平,以及其他福利计划规定的补偿金、假期及附加福利与补偿,也列出了其居留身份、常住地址、社会保障号码及办公室地址,并标明了工作性质是全职还是兼职,以及自2012年1月1日起各员工的薪资水平变化情况。宏山控股、其任何子公司或出售方都未向宏山控股及其子公司的任何员工、顾问或代理人承诺在”成交”之时或之后继续雇用他或她为任何宏山控股的子公司提供服务,或从子公司或收购方处获得特殊利益。

Schedule 4.20 sets forth a true, correct and complete list of the names, titles, annual salaries or wage rates and other
compensation, vacation and fringe benefits, claims under benefit plans, resident alien status (if applicable), residence addresses,
social security numbers, and office location of all employees of Heat Planet Holdings and its Subsidiaries and indicating part-time
and full-time employment and all changes in salaries and wage rates per employee since January 1, 2012. None of Heat Planet Holdings
or any of its Subsidiaries or the Seller has promised any employee, consultant or agent of Heat Planet Holdings and its Subsidiaries
that he or she will continue to be employed by or render services to Heat Planet Holdings or any of its Subsidiaries or receive
any particular benefits from Heat Planet Holdings or any of its Subsidiaries or Buyer any of its Affiliates on or after the Closing.

 

(b)          除《附录》4.20所述之外,宏山控股或其任何子公司都未签订任何雇用合同、咨询协议、劳资谈判协议或限制宏山控股或其任何子公司活动活动保密协议、竞业限制协议或任何类似的协议,也不受任何前述合同、协议的制约,且无任何工会或其代表组织宏山控股或其任何子公司的任何员工参与任何活动。

Except as set forth on Schedule 4.20, none of Heat Planet Holdings or any of its Subsidiaries is a party to or subject to
any employment contract, consulting agreement, collective bargaining agreement, confidentiality agreement restricting the activities
of Heat Planet Holdings or any of its Subsidiaries, non-competition agreement restricting the activities of Heat Planet Holdings
or any of its Subsidiaries, or any similar agreement, and there has been no activity or proceeding by a labor union or representative
thereof to organize any employees of Heat Planet Holdings or any of its Subsidiaries.

 

4.21         雇用事项。Employment
Matters.

 

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(a)          《附录》4.21中真实完整地列出了所有宏山控股及其子公司现行有效的雇用协议、委托协议,及员工集体或高级管理人员的医疗、人寿或工伤事故保险计划、解雇津贴计划,还列出了各种激励、红利、分红、退休、递延补偿,以及股权、虚拟股票持有、股票期权、股票购买和股票升值权,还列出了子公司负责或可能负责的前述各项,以及子公司与任何员工之间达成的有关特殊待遇的所有非正式协议。
“宏山控股”之前向收购方递交的此类副本真实有效,包含所有的宏山控股或其任何子公司的劳资协议、员工手册及政策声明,以及关于宏山控股及其子公司员工的完整准确信息,其中包括:(i)名称、常住地址、社会保障号码;(ii)职位;(iii)报酬;(iv)假期及其他附加福利;(v)各种福利计划下进行的补偿;及(vii)外籍居留身份(如适用)。
《附录》4.21中真实完整地列出了宏山控股及其所有子公司的董事、管理人员及经理的名称、住址及职位。

Schedule 4.21 sets forth a true and complete list of every employment agreement, commission agreement, employee group or
executive medical, life, or disability insurance plan, and each incentive, bonus, profit sharing, retirement, deferred compensation,
equity, phantom stock, stock option, stock purchase, stock appreciation right or severance plan of Heat Planet Holdings and its
Subsidiaries now in effect or under which Heat Planet Holdings or any of its Subsidiaries has or might have any obligation, or
any understanding between Heat Planet Holdings or any of its Subsidiaries and any employee concerning the terms of such employee’s
employment that does not apply to Heat Planet Holdings and its Subsidiaries’ employees generally. Heat Planet Holdings has
previously delivered to Buyer true and complete copies of each such labor agreement, any employee handbook or policy statement
of Heat Planet Holdings or any of its Subsidiaries, and complete and correct information concerning Heat Planet Holdings and its
Subsidiaries’ employees, including with respect to the (i) name, residence address, and social security number; (ii) position;
(iii) compensation; (iv) vacation and other fringe benefits; (v) claims under any benefit plan; and (vii) resident alien status
(if applicable). Schedule 4.21 sets forth a true and complete list of the names, addresses and titles of the directors, officers
and managers of each of Heat Planet Holdings and its Subsidiaries.

 

(b)          除《附录》4.21中公开的内容之外:

Except as disclosed on Schedule 4.21:

 

(i)          宏山控股及其子公司的所有员工时都是随意雇用的员工,如果需要,宏山控股或其任何子公司都可以随时终止与每个员工的雇用关系,且不用承担任何费用或责任,《附录》4.21部分公开的宏山控股及其子公司的标准解雇费用除外。

all employees of Heat Planet Holdings and its Subsidiaries are employees at will, and the employment of each employee by
Heat Planet Holdings or any of its Subsidiaries may be terminated immediately by Heat Planet Holdings or its Subsidiary, as applicable,
without any cost or liability except severance in accordance with Heat Planet Holdings and its Subsidiaries’ standard severance
practice as disclosed on Schedule 4.21.;

 

(ii)         就宏山控股所知,没有任何宏山控股或其任何子公司的员工,在其正常的就业过程中,对其前任雇主承担任何违约责任,包括不正当竞争,以及向客户、员工或服务提供客户索要利益、违反保密义务或侵害任何所有权。

to the best knowledge of Heat Planet Holdings, no employee of Heat Planet Holdings or any of its Subsidiaries, in the ordinary
course of his or her duties, has breached or will breach any obligation to a former employer in respect of any covenant against
competition or soliciting clients or employees or servicing clients or confidentiality or any proprietary right of such former
employer; and

 

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4.22         不动产。Real
Property.

 

(a)          除了”
开元中心所有权”(其副本已在《附录》4.22中列出),宏山控股或其任何子公司都不持有任何不动产或拥有相关利益,包括所有不动产租赁、转租、合租、许可或其他占用协议所涉及的不动产。
宏山控股及其各子公司对其各自办公室范围内租借的不动产拥有良好的、有效的存续所有权,且无任何留置权。
宏山控股或其任何子公司都未违反任何地方分区法规,也未收到任何因违反地方分区法规而要求赔偿的通知或传票。

Except for the Kaiyuan Center Title (a copy of which is attached as Schedule 4.22), none of Heat Planet Holdings or any
of its Subsidiaries owns, or otherwise has an interest in, any Real Property, including under any Real Property lease, sublease,
space sharing, license or other occupancy agreement. Each of Heat Planet Holdings and its Subsidiaries has good, valid and subsisting
title to its respective leasehold estates in the offices described on Schedule 4.22, free and clear of all Liens. None of Heat
Planet Holdings or any of its Subsidiaries has breached or violated any local zoning ordinance, and no notice from any Person has
been received by Heat Planet Holdings or any of its Subsidiaries or served upon Heat Planet Holdings or any of its Subsidiaries
claiming any violation of any local zoning ordinance.

 

(b)          就”
开元中心所有权”而言:
(i)其为合法有效,且具有完全约束力及效力;(ii)宏山控股或其任何子公司,或任何缔约方都无违约行为;(iii)不存在任何使宏山控股或其任何子公司在现在或将来(提前通知的)违约的事项、情形或行为;且(iv)无任何违约费用索赔、赔偿、违约通知或解约通知。
宏山控股依据” 开元中心所有权”,且无任何留置权,此租赁不动产中产权承押人的留置权除外。
宏山控股所有权用的不动产的维修与保养状态良好,适于现有使用,且不需任何实质性的修理或再建。宏山控股未拖欠任何不动产经纪人的佣金。

With respect to the Kaiyuan Center Title: (i) it is valid, binding and in full force and effect; (ii) there exists no default
or event of default thereunder by Heat Planet Holdings or any of its Subsidiaries or by any other party thereto; (iii) there exists
no occurrence, condition or act which, with the giving of notice, the lapse of time or the happening of any further event or condition,
would become a default or event of default by Heat Planet Holdings or any of its Subsidiaries thereunder; and (iv) there are no
outstanding claims of breach or indemnification or notice of default or termination thereunder. Heat Planet Holdings holds the
Kaiyuan Center Title, free and clear of all Liens, except for Liens of mortgagees of the Real Property in which such leasehold
estate is located. The Real Property owned by Heat Planet Holdings is in a state of maintenance and repair in all material respects
adequate and suitable for the purposes for which it is presently being used, and there are no material repair or restoration works
likely to be required in connection with any of the leased Real Properties. Heat Planet Holdings does not owe any brokerage commission
with respect to any Real Property.

 

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4.23         帐户。
《附录》4.23真实、完整、准确地列出了宏山控股及其子公司的支票帐户、存款帐户、银行保管箱,以及佣金、商品等类似的帐户,包括帐户编号及名称、各受托人或金融机构名称、开户地址及各帐户的授权签署人。

Accounts. Schedule 4.23 sets forth a true, complete and correct list of the checking accounts, deposit accounts,
safe deposit boxes, and brokerage, commodity and similar accounts of Heat Planet Holdings and its Subsidiaries, including the account
number and name, the name of each depositary or financial institution and the address where such account is located and the authorized
signatories thereto.

 

4.24         税务事项。Tax
Matters.

 

(a)          (i)宏山控股及其各子公司都按要求正式及时报税,并已付清所有各自应付税款;(ii)所有纳税申报单真实、准确、完整,且已将所有应纳税款项目公开;(iii)
除《附录》4.24所述之外,此类纳税申报单已经通过税务机关的检验,且都已经过税款评估期;(iv)
就宏山控股所知,就宏山控股或其任何子公司的税款而言,无任何新提请的、未决的或潜在的诉讼,也无任何因税款而对宏山控股或其子公司的资产强制执行留置权,且无任何此类诉讼或留置权执行的依据;(v)
就宏山控股或其任何子公司而言,对其税款评估及征收的限制法规或对其资产强制执行留置权的限制法规未被豁免或扩充,即便是豁免或扩充有效;且(vi)
宏山控股及其各子公司遵守所有适用于税款上报、交纳、征收及代扣的法律,适当、及时地代扣或代收并向主管税务机关交纳各种税款,并将所有由宏山控股或其子公司代扣或代收的税款(包括所得税、社会税、证券交易税及其他工资税)上报。

(i) Each of Heat Planet Holdings and its Subsidiaries has duly and timely filed all Tax Returns which are required to be
filed by or with respect to it, and has paid all Taxes of Heat Planet Holdings and its Subsidiaries which have become due; (ii)
all such Tax Returns are true, correct and complete and accurate and disclose all Taxes required to be paid; (iii) except as set
forth on Schedule 4.24, all such Tax Returns have been examined by the relevant Taxing Authority or the period for assessment for
Taxes in respect of such Tax Returns has expired; (iv) there is no Action, pending or proposed or, to the best knowledge of Heat
Planet Holdings, threatened, with respect to Taxes of Heat Planet Holdings or any of its Subsidiaries or for which a Lien may be
imposed upon any of Heat Planet Holdings’s or its Subsidiaries’ assets and, to the best of Heat Planet Holdings’s
knowledge, no basis exists therefor; (v) no statute of limitations in respect of the assessment or collection of any Taxes of Heat
Planet Holdings or any of its Subsidiaries or for which a Lien may be imposed on any of Heat Planet Holdings or its Subsidiaries’
assets has been waived or extended, which waiver or extension is in effect; and (vi) Heat Planet Holdings and each Subsidiary has
complied with all applicable Laws relating to the reporting, payment, collection and withholding of Taxes and have duly and timely
withheld or collected, paid over to the applicable Taxing Authority and reported all Taxes (including income, social, security
and other payroll Taxes) required to be withheld or collected by Heat Planet Holdings or such Subsidiary.

 

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(b)          宏山控股及其子公司的未付税款(i)至最近的财务月度末为止,未超过”经审计的年度财务报告”中列明的纳税责任准备金(并非为反映账面收入与税后收入之间的时间差额的递延税款准备金),及(ii)按照宏山控股及其子公司对其纳税申报单进行备案的惯例,不会超过现在或至”成交日期”之前所调整的准备金。

The unpaid Taxes of Heat Planet Holdings and its Subsidiaries (i) did not, as of the most recent fiscal month end, exceed the reserve
for Tax liability (rather than any reserve for deferred Taxes established to reflect timing differences between book and Tax income)
set forth on the Audited Annual Financial Statements and (ii) will not exceed that reserve as adjusted for the passage of time
through the Closing Date in accordance with the past custom and practice of any of Heat Planet Holdings and its Subsidiaries in
filing its Tax Return.

 

4.25         环境法律。宏山控股及其各子公司遵守与污染、环境保护、人体健康保护、危险物品有关的各种法律(统称为”环境法律”)。就宏山控股所知,宏山控股或其任何子公司都未从任何官方机构接到任何有关违反环境法的通知、询问、询书、控告、命令、调查、待定审核或警告。
宏山控股或其任何子公司都未被任何机关要求支付任何数额的罚款,或要求采取措施、禁止采取行动来减少或弥补任何环境事件或状况(包括清理石棉或任何其他潜在危险物品)。
宏山控股或其任何子公司,或其关联方所持有的所有不动产完全符合环境法律的要求。

Environmental Laws. Each of Heat Planet Holdings and its Subsidiaries has complied in all material respects with
all Laws relating to pollution or the protection of the environment or human health or hazardous materials (collectively, the “Environmental
Laws”), and there is not and there has not been at any time any notice, demand, request for information, complaint, order,
investigation, or review pending or, to the best knowledge of Heat Planet Holdings, threatened by any Authority with respect to
any alleged violation by Heat Planet Holdings or any of its Subsidiaries of any Environmental Law. None of Heat Planet Holdings
or any of its Subsidiaries has been requested by any Authority to pay any sum of money, or otherwise aid or take any action or
refrain from taking actions, to abate or remediate any environmental occurrence or condition (including removal of asbestos or
any other potentially hazardous substance). Any Real Property owned by Heat Planet Holdings or any of its Subsidiaries, or any
of their Affiliates, is in compliance in all material respects with all Environmental Laws.

 

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4.26         介绍费。
宏山控股、出售方或可能有权从收购方或收购方的关联方(包括”成交”之后的宏山控股)处获得费用或佣金的宏山控股或出售方的关联方,就达成本《协议》规定的交易,都未聘用任何投资银行家、经纪人、中间人或其他的中介人。

Finders’ Fees. There is no investment banker, broker, finder or other intermediary which has been retained
by or is authorized to act on behalf of Heat Planet Holdings, the Seller or any of their Affiliates who might be entitled to any
fee or commission from Buyer or any of its Affiliates (including Heat Planet Holdings following the Closing) upon consummation
of the transactions contemplated by this Agreement.

 

4.27         董事及管理人员。在本《协议》签订日,出售方的唯一的董事是李勇会,并且宏山控股的唯一的董事也是李勇会。
《附录》4.27真实、准确、完整地列出了宏山控股或其任何子公司的所有管理人员。

Directors and Officers. On the date of this Agreement, the Seller’s sole director is Yong Hui Li, and the only
director of Heat Planet Holdings is Yong Hui Li. Schedule 4.27 sets forth a true, correct and complete list of all officers of
Heat Planet Holdings or any of its Subsidiaries.

 

4.28         其他信息。
本《协议》、按照本《协议》提供给收购方或其关联方、律师、会计、代理人或代表人的文件或其他信息,
或与收购方对宏山控股或其子公司的资产、所销售股票、业务及本《协议》所述交易进行尽职调查复审所需的文件或信息,不包含任何对重大事项的不真实陈述,也未忽略任何重大事项。做此陈述的目的是使本文中的陈述不被误解。
就宏山控股所知,宏山控股及出售方已向收购方提供了与业务相关的所有实质性信息。

Other Information. Neither this Agreement nor any of the documents or other information made available to Buyer or its Affiliates,
attorneys, accountants, agents or representatives pursuant hereto or in connection with Buyer’s due diligence review of the
Business, the Stock, any of Heat Planet Holdings’s or its Subsidiaries’ assets or the transactions contemplated by
this Agreement contains or will contain any untrue statement of a material fact or omits or will omit to state a material fact
necessary in order to make the statements contained therein not misleading. To the best knowledge of Heat Planet Holdings, Heat
Planet Holdings and the Seller provided Buyer all material information regarding the Business.

 

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4.29         特定商业惯例。
宏山控股、任何子公司,或其任何在职董事、高级管理人员、代理人和员工,(i)未对任何政治活动提供任何非法的资金、礼品、款待或其他非法经费;(ii)未向任何本国或外国政府的官员或雇员、政治团体或竞选活动提供非法的资金支持,也未违反”1977年海外反腐败法”的任何条款;(iii)未进行过任何其他非法付款。
自2000年1月1日起,宏山控股、任何子公司,或其任何董事、高级管理人员、代理人或员工从未直接或间接地给予或同意给予任何客户、供应商、公务人员或任何对宏山控股或其任何子公司的实际或计划交易有影响的人礼物或同等价值的利益(如果不提供或在将来不继续提供此类礼物或利益,则可能对宏山控股或其任何子公司产生不利影响,或可能使宏山控股或其任何子公司遭到私人或政府机关的指控)。

Certain Business Practices. Neither Heat Planet Holdings, nor any Subsidiary, nor any director, officer, agent or
employee of Heat Planet Holdings or any Subsidiary (in their capacities as such) has (i) used any funds for unlawful contributions,
gifts, entertainment or other unlawful expenses relating to political activity, (ii) made any unlawful payment to foreign or domestic
government officials or employees, to foreign or domestic political parties or campaigns or violated any provision of the Foreign
Corrupt Practices Act of 1977 or (iii) made any other unlawful payment. Neither Heat Planet Holdings, nor any Subsidiary, nor any
director, officer, agent or employee of Heat Planet Holdings or any Subsidiary (nor any Person acting on behalf of any of the foregoing,
but solely in his or her capacity as a director, officer, employee or agent of Heat Planet Holdings) has, since January 1, 2000,
directly or indirectly, given or agreed to give any gift or similar benefit in any material amount to any customer, supplier, governmental
employee or other Person who is or may be in a position to help or hinder Heat Planet Holdings or any Subsidiary or assist Heat
Planet Holdings or any Subsidiary in connection with any actual or proposed transaction, which, if not given could reasonably be
expected to have had an adverse effect on Heat Planet Holdings or any Subsidiary, or which, if not continued in the future, could
reasonably be expected to adversely affect the business or prospects of Heat Planet Holdings or any Subsidiary that could reasonably
be expected to subject Heat Planet Holdings or any Subsidiary to suit or penalty in any private or governmental litigation or proceeding.

 

4.30         反洗钱法。
无论何时,宏山控股及其各子公司的经营活动都遵守各辖区的各类反洗钱法律、法规,以及政府主管机关颁布、管理或强制执行的相关或类似规章、法规或准则(统称为”反洗钱法”),就宏山控股所知,宏山控股或其任何子公司未牵连任何与反洗钱法相关的诉讼,也未受到此类警告。

Money Laundering Laws. The operations of Heat Planet Holdings and each Subsidiary are and have been conducted at
all times in compliance with laundering statutes in all applicable jurisdictions, the rules and regulations thereunder and any
related or similar rules, regulations or guidelines, issued, administered or enforced by any governmental authority (collectively,
the “Money Laundering Laws”), and no Action involving Heat Planet Holdings or any Subsidiary with respect to the Money
Laundering Laws is pending or, to the knowledge of Heat Planet Holdings, threatened.

 

4.31         补充中国陈述及保证。Additional
China Representations and Warranties.

 

(a)          按照中国法律,宏山控股及其子公司已从中国官方机构获得其正当设立及营业所需的各种重要事项的同意、核准、授权或许可,且具有完全的法律效力。

All material consents, approvals, authorizations or licenses requisite under China law for the due and proper establishment
and operation of Heat Planet Holdings and its Subsidiaries have been duly obtained from the relevant China Authority and are in
full force and effect.

 

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(b)          按照有关中国法律法规的要求,已在中国官方机构正式完成对宏山控股及其子公司,以及各自的经营活动进行的备案及登记,包括但不限于商业部、国家工商行政管理总局、国家外汇管理局、税务局、海关总署及其他管理外资企业的中国官方机构的注册与/或批准,虽然存在未能完成的备案及注册,但不会单独或在整体上构成重大不利影响。

All filings and registrations with the China Authorities required in respect of Heat Planet Holdings and its Subsidiaries
and their respective operations including, without limitation, the registration with and/or approval by the Ministry of Commerce,
the State Administration of Industry and Commerce, the State Administration for Foreign Exchange, tax bureau and customs offices
and other China Authorities that administer foreign investment enterprises have been duly completed in accordance with the relevant
China rules and regulations, except where the failure to complete such filings and registrations does not, and would not, individually
or in the aggregate, have a Material Adverse Effect.

 

(c)          宏山控股及其子公司遵照所有相关的中国法律法规进行了注册资金的投入与支付。

Heat Planet Holdings and its Subsidiaries have complied with all relevant China laws and regulations regarding the contribution
and payment of their registered share capital.

 

(d)          除不会单独或整体构成重大不利影响的通知或信函之外,宏山控股或其子公司未因违反相关规定或法律而从任何相关的中国官方机构收到有关撤回、质询已签发的许可或证明、政府补贴的通知或信函,也未收到任何通知或信函要求宏山控股或其任何子公司遵守法律或相关规定,或对自己的行为采取补救措施。

Neither Heat Planet Holdings nor any of its Subsidiaries is in receipt of any letter or notice from any relevant China Authority
notifying it of the revocation, or otherwise questioning the validity, of any licenses or qualifications issued to it or any subsidy
granted to it by any China Authority for non-compliance with the terms thereof or with applicable China laws, or the need for compliance
or remedial actions in respect of the activities carried out by Heat Planet Holdings or any of its Subsidiaries, except where the
notice or the letter does not, and would not, individually or in the aggregate, have a Material Adverse Effect.

 

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(e)          除未能或不会单独或整体上构成重大不利影响的不合规行为之外,宏山控股及其子公司在许可的经营范围内从事各自的经营活动,或各自的经营活动符合所有相关法律的要求,并具备所有必需的中国官方许可及批准。对宏山控股或其子公司从事的各类业务而言,其所必需的许可、核准、政府授权、特许权需要定期进行更新或重新申办,出售方、宏山控股及其各子公司未发现任何能促使中国官方机构不予更新或重新办理的因素,各种未能或不会单独或整体构成重大不利影响的因素除外。

Heat Planet Holdings and its Subsidiaries have conducted their respective business activities within the permitted scope
of business or have otherwise operated their respective businesses in compliance, in all material respects, with all relevant legal
requirements and with all requisite licenses and approvals granted by competent China Authorities, except where such non-compliance
has not had and would not reasonably be expected to have, resulted in a Material Adverse Effect. As to licenses, approvals and
government grants and concessions requisite or material for the conduct of any part of Heat Planet Holdings’s or its Subsidiaries’
business which is subject to periodic renewal, the Seller, Heat Planet Holdings and each Subsidiary have no knowledge of any grounds
on which such requisite renewals will not be granted by the relevant China Authorities, except where such grounds do not, and would
not, individually or in the aggregate, result in a Material Adverse Effect.

 

(f)          宏山控股及其子公司完全遵照中国法律法规进行人员或劳工的雇用,这些法律法规包括但不限于与福利基金、社会福利、医疗福利、保险、退休福利、养老金或此类福利相关的法律法规。

With regard to employment and staff or labor, Heat Planet Holdings and its Subsidiaries have complied, in all material respects,
with all applicable China laws and regulations, including without limitation, laws and regulations pertaining to welfare funds,
social benefits, medical benefits, insurance, retirement benefits, pensions or the like.

 

Article
V

收购方的陈述及保证

Representations and Warranties of Buyer

 

收购方在此向宏山控股及出售方声明并保证,除了在”AutoChina
SEC文件”中公开的内容之外:

Buyer hereby represents and warrants to Heat Planet Holdings and the Seller that, except as disclosed in the AutoChina SEC
Documents:

 

5.1           公司存续和权力。
买方为一家遵照开曼群岛的法律正式组建、合法存续且声誉良好的公司。

Corporate Existence and Power. Buyer is a company duly organized, validly existing and in good standing under the laws of
the Cayman Islands.

 

5.2           公司授权。
收购方在公司的权力范围之内签署、交付及履行本《协议》及《补充协议》,并完成上述协议所述交易,且已经获得所有必要的收购方公司正式授权。
本《协议》已由收购方正式签署生效并交付,且本《协议》以及经过签署并交付的《补充协议》合法、有效,并对收购方有强制约束力。

Corporate Authorization. The execution, delivery and performance by Buyer of this Agreement and the Additional Agreements
and the consummation by Buyer of the transactions contemplated hereby and thereby are within the corporate powers of Buyer and
have been duly authorized by all necessary corporate action on the part of Buyer. This Agreement has been duly executed and delivered
by Buyer and it constitutes, and upon their execution and delivery, the Additional Agreements will constitute, a valid and legally
binding agreement of Buyer, enforceable against it in accordance with its terms.

 

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5.3           政府授权。
收购方在签署生效、交付及履行本《协议》时,不需要任何官方机构的同意、批准、许可或其他与注册、公告或备案相关的活动。

Governmental Authorization. Neither the execution, delivery nor performance by Buyer of this Agreement requires any
consent, approval, license or other action by or in respect of, or registration, declaration or filing with, any Authority.

 

5.4           不违反。
收购方对本《协议》的签署、交付及履行,在现在或将来都不会(i)违反或抵触收购方的组织或组建文件,(ii)违反或抵触任何对收购方有约束力的任何法律、判决、强制令、命令、令状或法令的任何条款。

Non-Contravention. The execution, delivery and performance by Buyer of this Agreement do not and will not (i) contravene
or conflict with the organizational or constitutive documents of Buyer, or (ii) contravene or conflict with or constitute a violation
of any provision of any Law, judgment, injunction, order, writ, or decree binding upon Buyer.

 

5.5           介绍费。
收购方或其任何(可能有权从卖方或其任何关联方收取费用或佣金的)关联方,就达成本《协议》及《补充协议》所述交易而言,未雇用或授权任何投资银行家、经纪人、中间人或其他的中介人。

Finders’ Fees. There is no investment banker, broker, finder or other intermediary which has been retained
by or is authorized to act on behalf of Buyer or any of its Affiliates who might be entitled to any fee or commission from Seller
or any of its Affiliates upon consummation of the transactions contemplated by this Agreement or any of the Additional Agreements.

 

Article
VI

宏山控股及出售方的成交前保证条款

Covenants of Heat Planet Holdings and The Seller Pending Closing

 

宏山控股及出售方共同并各自保证并同意:

Heat Planet Holdings and the Seller jointly and severally covenant and agree that:

 

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6.1           业务经营。
自协议签署生效之日起至”成交日期”,宏山控股及其子公司应该仅在与以往相同的常规范围内经营业务(包括支付应付帐款及收取应收帐款)
,未事先书面通知收购方,不得达成任何实质性交易,且要尽最大努力与员工、客户、供应商及其他第三方保持完好的业务关系,
出售方有责任促成宏山控股及其子公司履行此项条款。
在不限制前述条款的一般性的情况下,自协议签署生效之日起至”成交日期”,未经收购方事先书面同意,宏山控股及其子公司:

Conduct of the Business. From the date hereof through the Closing Date, Heat Planet Holdings and its Subsidiaries
shall, and the Seller shall cause Heat Planet Holdings and its Subsidiaries to, conduct the Business only in the ordinary course
(including the payment of accounts payable and the collection of accounts receivable), consistent with past practices, and shall
not enter into any material transactions without the prior written consent of Buyer, and shall use its best efforts to preserve
intact its business relationships with employees, clients, suppliers and other third parties. Without limiting the generality of
the foregoing, from the date hereof until and including the Closing Date, without Buyer’s prior written consent, Heat Planet
Holdings shall not, and shall cause its Subsidiaries to not:

 

(i)          不得修改、更正或补充各自的组织大纲及公司章程或其他组织性或管理性文件;

amend, modify or supplement its Memorandum and Articles of Association or other organizational or governing documents;

 

(ii)         在规定的截止日期之前,不得对宏山控股及其子公司的任何合同条款进行任何的修改或废除,也不得终止合同,且不得损害任何宏山控股及其子公司的权利或资产;

amend, waive any provision of, terminate prior to its scheduled expiration date, or otherwise compromise in any way, any
Contract, or any other right or asset of Heat Planet Holdings and its Subsidiaries;

 

(iii)        不得修改、更正或达成(A)与不动产相关的、(B)有效期为一年或以上的,或(C)(单独或共同)承担支付款项超过$10,000,000的任何合同、协议、租约、许可协议或委托协议;

modify, amend or enter into any contract, agreement, lease, license or commitment, which (A) is with respect to Real Property,
(B) extends for a term of one year or more or (C) obligates the payment of more than $10,000,000 (individually or in the aggregate);

 

(iv)         (单独或共同的)资本支出不得超过$10,000,000;

make any capital expenditures in excess of $10,000,000 (individually or in the aggregate);

 

(v)          除了(i)按照本文公开的现行合同或协议及(ii)按照惯例在常规营业中进行库存销售之外,不得销售、租赁、授权或处理任何宏山控股或其子公司的资产或任何合同涉及的资产;

sell, lease, license or otherwise dispose of any of Heat Planet Holdings or its Subsidiaries’ assets or assets covered
by any Contract except (i) pursuant to existing contracts or commitments disclosed herein and (ii) sales of inventory in the ordinary
course consistent with past practice;

 

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(vi)         不得支付、声明或承诺支付与各自股本相关的任何股息或其他分配,也不得向出售方、宏山控股的关联方或子公司支付、声明或承诺支付任何其他款项;

pay, declare or promise to pay any dividends or other distributions with respect to its capital stock, or pay, declare or
promise to pay any other payments to the Seller or any Affiliate of Heat Planet Holdings or any its Subsidiaries;

 

(vii)        不得批准任何员工的任何薪金增长超过10%而使年薪超过
$50,000 或使年度薪金总额超过$500,000,也不得修改宏山控股及其子公司的奖金或分红政策;

authorize any salary increase of more than 10% for any employee making an annual salary of greater than $50,000 or in excess
of $500,000 in the aggregate on an annual basis or change the bonus or profit sharing policies of Heat Planet Holdings and its
Subsidiaries;

 

(viii)      不得获取或引致任何贷款或其他负债,包括在宏山控股现有信贷额度下的信贷提款;

obtain or incur any loan or other Indebtedness, including drawings under Heat Planet Holdings’s existing lines of
credit;

 

(ix)         不得使宏山控股或其子公司的任何资产被执行任何留置权;

suffer or incur any Lien on any of Heat Planet Holdings’s or its Subsidiaries’ assets;

 

(x)          不得使宏山控股或其子公司的任何资产遭受任何财产损害、损毁或损失,无论是否有保险;

suffer any damage, destruction or loss of property related to any of Heat Planet Holdings’s or its Subsidiaries’
assets, whether or not covered by insurance;

 

(xi)         不得推迟收取、提前收取或取消宏山控股或其任何子公司的应收款项或欠宏山控股的负债,也不得勾销或增加对应收款项或应收债款的准备金;

delay, accelerate or cancel any receivables or Indebtedness owed to Heat Planet Holdings or any of its Subsidiaries or writeoff
or make further reserves against the same;

 

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(xii)        不得并购或合并他人,也不得被他人合并或并购;

merge or consolidate with or acquire any other Person or be acquired by any other Person;

 

(xiii)      不得有承保宏山控股或其子公司的任何资产的任何保险单期满失效或即将期满失效;

suffer any insurance policy protecting any of Heat Planet Holdings’ or its Subsidiaries’ assets to lapse;

 

(xiv)        不得对各自的会计准则或方法进行任何修改,也不得减记库存或资产的价值;

make any change in its accounting principles or methods or write down the value of any inventory or assets;

 

(xv)         不得变更宏山控股或其任何子公司的营业地点或组织管辖区;

change the place of business or jurisdiction of organization of Heat Planet Holdings or any of its Subsidiaries;

 

(xvi)        除常规营运过程中的差旅费或其他员工预支款项之外,单独发放任何贷款的额度不得超过$10,000或共同发放任何贷款的额度不得超总额$100,000;

extend any loans other than travel or other expense advances to employees in the ordinary course of business not to exceed
$10,000 individually or $100,000 in the aggregate;

 

(xvii)      不得发行、赎回或回购其任何股本股票,也不得发行任何能与其股本股票兑换的证券;

issue, redeem or repurchase any shares of its capital stock, or issue any securities exchangeable for or convertible into
any shares of its capital stock;

 

(xviii)     不得修改或同意修改任何海运惯例、方式或费用;

effect or agree to any changes in shipping practices, terms or rates;

 

(xix)        除常规营运过程之外,不得向客户降价销售库存产品;

reduce the prices of products sold from inventory for customers except in the ordinary course of business;

 

    	46

    	 

    

 

(xx)         不得变更或同意变更与客户或供应商相关的任何惯例或方式,包括付款方式;

effect or agree to any change in any practices or terms, including payment terms, with respect to customers or suppliers;

 

(xxi)        不得雇用任何员工或顾问;

hire any employees, consultants or advisors;

 

(xxii)      不得进行或变更任何实质性的税务选择或变更任何年度税务会计周期;或

make or change any material Tax election or change any annual Tax accounting periods; or

 

(xxiii)     不得同意上述任何行为。

agree to do any of the foregoing.

 

(b)          在”成交日期”之前或当日,宏山控股及其子公司(i)不得采取或同意采取任何行动而使宏山控股或出售方在本文中所做出的陈述或保证失去准确性或出现任何误解,(ii)也不得遗漏采取或同意采取任何行动来防止此类陈述或保证失去准确性或出现任何误解,且出售方应该促成宏山控股及其子公司履行此项条款。

Heat Planet Holdings and its Subsidiaries shall not, and the Seller shall cause Heat Planet Holdings and its Subsidiaries
not to, (i) take or agree to take any action that might make any representation or warranty of Heat Planet Holdings or the Seller
hereunder inaccurate or misleading in any respect at, or as of any time prior to, the Closing Date or (ii) omit to take, or agree
to omit to take, any action necessary to prevent any such representation or warranty from being inaccurate or misleading in any
respect at any such time.

 

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6.2           信息获取。Access
to Information.

 

从本《协议》签署之日起直至且包括”成交日期”,宏山控股及其子公司应该(a)向收购方及其法律顾问、其他代表人持续授予进出各办公室、调查各财产、查看帐簿及记录的全部权力;(b)在要求时,向收购方及其法律顾问、其他代表人提供与业务相关的此类信息;(c)督促宏山控股及其子公司的员工、法律顾问、会计及代表人在业务调查的过程中相互合作,且出售方应该促成宏山控股及其子公司履行此项条款。此项条款的前提是,按此条款进行的任何调查(或在协议签署日期之前进行的任何调查)都不会影响宏山控股或出售方所作的任何陈述或保证,且不会无理地干涉或妨碍宏山控股及其子公司的业务运营。

From the date hereof until and including the Closing Date, Heat Planet Holdings and its Subsidiaries shall, and the Seller
shall cause Heat Planet Holdings and its Subsidiaries to, (a) continue to give Buyer, its legal counsel and other representatives
full access to the offices, properties and, Books and Records, (b) furnish to Buyer, its legal counsel and other representatives
such information relating to the Business as such Persons may request and (c) cause the employees, legal counsel, accountants and
representatives of Heat Planet Holdings and its Subsidiaries to cooperate with Buyer in its investigation of the Business; provided
that no investigation pursuant to this Section (or any investigation prior to the date hereof) shall affect any representation
or warranty given by Heat Planet Holdings or the Seller and, provided further, that any investigation pursuant to this Section
shall be conducted in such manner as not to interfere unreasonably with the conduct of the Business of Heat Planet Holdings and
its Subsidiaries.

 

6.3           特定事项的通知。
在出现下列情形时,宏山控股及出售方应该立即将相关情况通知收购方:

Notices of Certain Events. Heat Planet Holdings and the Seller shall promptly notify Buyer of:

 

(a)          收到任何人的通知或其他信息传达,得知此人宣称或可能宣称:本《协议》所述交易有必要获得此人的同意,或者可能导致任何由此人或其代理提请的诉讼或赋予此人其他权利,或者(在成交之后)可能导致宏山控股或其任何子公司(或收购方)失去对于此人的任何权利或特权,或者导致对宏山控股或其子公司的任何资产或股票执行留置权。

any notice or other communication from any Person alleging or raising the possibility that the consent of such Person is
or may be required in connection with the transactions contemplated by this Agreement or that the transactions contemplated by
this Agreement might give rise to any Action or other rights by or on behalf of such Person or result in the loss of any rights
or privileges of Heat Planet Holdings or any of its Subsidiaries (or Buyer, Post-Closing) to any such Person or create any Lien
on any Stock or any of Heat Planet Holdings’s or its Subsidiaries’ assets;

 

(b)          从官方机构收到与本《协议》或《补充协议》所述交易相关的通知或其他信息传达;

any notice or other communication from any Authority in connection with the transactions contemplated by this Agreement
or the Additional Agreements;

 

(c)          存在有关、涉及或以其他方式影响出售方、宏山控股或其任何子公司、宏山控股或其子公司的资产、所销售股票或业务的任何诉讼,或与本《协议》或《补充协议》所述交易相关的任何诉讼;

any Actions commenced or threatened against, relating to or involving or otherwise affecting the Seller, Heat Planet Holdings
or any of its Subsidiaries, the Stock, any of Heat Planet Holdings’s or its Subsidiaries’ assets or the Business or
that relate to the consummation of the transactions contemplated by this Agreement or the Additional Agreements;

 

    	48

    	 

    

 

(d)          出现或合理地认为出现构成或导致”重大不利变化”的任何事实或情况;以及

the occurrence of any fact or circumstance which constitutes or results, or might reasonably be expected to constitute or
result, in a Material Adverse Change; and

 

(e)          出现或者合理地认为出现任何事实或情况能导致宏山控股与/或出售方在本文中所作陈述出现任何误述或误解,或导致忽略或未能对重大事实进行陈述。

the occurrence of any fact or circumstance which results, or might reasonably be expected to result, in any representation
made hereunder by Heat Planet Holdings and/or the Seller to be false or misleading in any respect or to omit or fail to state a
material fact.

 

6.4           年度及期中财务报表。
自协议签署之日起至”成交日期”止,在每个日历月月末、每个季度(三个月)末及每个财务年度末之后的三十(30)个日历日之内,宏山控股应该遵照”
美国会计准则”向收购方提交期间为2012年6月30日结算日至本日历月末、季度末或年末以及上年度同一时期的一份未审计的收入一览及一份未审计的资产负债表,并全部附上宏山控股唯一董事,
李勇会的证明书,即证明此类财务报告能公平地呈现宏山控股在指定日期之内的财务状况及经营业绩并符合美国会计准则,对此类财务报告另有规定或根据年终审计进行的调整除外。
除注释内容之外,此类证明书必须声明自2012年6月30日结算日至上月末期间未发生任何”重大不利影响”。
在宏山控股的注册会计师签发任何经审计的财务报告之后,宏山控股应立即将此财务报告的副本提交给收购方。

Annual and Interim Financial Statements. From the date hereof through the Closing Date, within thirty (30) calendar
days following the end of each calendar month, each three-month quarterly period and each fiscal year, Heat Planet Holdings shall
deliver to Buyer an unaudited summary of its earnings and an unaudited balance sheet for the period from the June 30, 2012 balance
sheet date through the end of such calendar month, quarterly period or fiscal year and the applicable comparative period in the
preceding fiscal year, in each case accompanied by a certificate of the sole director of Heat Planet Holdings, Yong Hui Li, to
the effect that all such financial statements fairly present the financial position and results of operations of Heat Planet Holdings
as of the date or for the periods indicated, in accordance with U.S. GAAP, except as otherwise indicated in such statements and
subject to year-end audit adjustments. Such certificate shall also state that except as noted, from the June 30, 2012 balance sheet
date through the end of the previous month there has been no Material Adverse Effect. Heat Planet Holdings shall also promptly
deliver to Buyer copies of any audited financial statements of Heat Planet Holdings that Heat Planet Holdings’s certified
public accountants may issue.

 

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6.5           证交会备案。SEC
Filings.

 

(a)          宏山控股及出售方确认:

Heat Planet Holdings and the Seller acknowledge that:

 

(i)          要求收购方按照”表20-F”的格式将年度报告进行备案,并可能要求包含与本《协议》所述交易相关的信息;且

the Buyer will be required to file Annual Reports on Form 20-F that may be required to contain information about the transactions
contemplated by this Agreement; and

 

(ii)         要求收购方按照”表6-K”的形式将”外国私人发行人报告”进行备案,用来宣布本《协议》所述交易及可能发生的关乎此交易的其它重大事项。

the Buyer will be required to file Reports of Foreign Private Issuer on Form 6-K to announce the transactions contemplated
hereby and other significant events that may occur in connection with such transactions.

 

(b)          如果收购方在证交会进行备案的部分文件需要包含有关本《协议》所述交易的信息,则对于此类文件、其中公开的内容,或对证交会备案意见的回复,宏山控股及出售方应该(i)与收购方相互合作;(ii)对任何备案过程中要求的或证交会要求的有关宏山控股或出售方的问题进行回复;并(iii)在有要求时,向收购方或其代理人提供有关证交会备案的信息。

In connection with any filing the Buyer makes with the SEC that requires information about the transactions contemplated by this
Agreement to be included, Heat Planet Holdings and the Seller shall, in connection with the disclosure included in any such filing
or the responses provided to the SEC in connection with the SEC’s comments to a filing (i) cooperate with the Buyer, (ii)
respond to questions about Heat Planet Holdings or the Seller required in any filing or requested by the SEC, and (iii) provide
any information requested by the Buyer or Buyer’s representatives in connection with any filing with the SEC.

 

6.6           财务信息。
在收购方有要求时,出售方及宏山控股要向收购方提供收购方在证交会备案的任何档案中包含的补充财务信息。
如收购方有要求,则此类信息必须由宏山控股的审计师进行复核或审计。

Financial Information. The Seller and Heat Planet Holdings will provide additional financial information requested
by the Buyer for inclusion in any filings to be made by the Buyer with the SEC. If requested by the Buyer, such information must
be reviewed or audited by Heat Planet Holdings’s auditors.

 

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6.7           公司员工。《附录》6.7中列出了所有由宏山控股指定为关键员工的宏山控股及其所有子公司的员工(”关键员工”)。

Employees of the Company. Schedule 6.7 lists those employees of Heat Planet Holdings or any of its Subsidiaries designated
by Heat Planet Holdings as key personnel of Heat Planet Holdings and its Subsidiaries (the “Key Personnel”).

 

6.8           关联方贷款及担保。
在”成交日期”之前,出售方及宏山控股必须终止由宏山控股向出售方或宏山控股及其子公司的高级管理人员、董事或各自的任何关联方提供的贷款及担保。

Affiliate Loans and Guarantees. The Seller and Heat Planet Holdings shall terminate all loans and guarantees by Heat
Planet Holdings for the benefit of each of the Sellers, Heat Planet Holdings’s and the Subsidiaries’ officers and directors,
and any of their respective Affiliates, prior to the Closing Date.

 

6.9           经审计的年度财务报告。
在签署本《协议》的30日之内,宏山控股应该按照令收购方满意的形式向收购方提交”经审计的年度财务报告”,且其形式要与”未经审计的年度财务报告”的形式完全一样。

Audited Financial Statements. Heat Planet Holdings shall, within 30 days of the execution of this Agreement, deliver
to the Buyer the Audited Annual Financial Statements in form satisfactory to the Buyer, and which Audited Annual Financial Statements
shall be the same as the Unaudited Annual Financial Statements in all material respects.

 

Article
VII

本协议各方的保证条款

Covenants of All Parties Hereto

 

协议各方在此保证并同意:

The parties hereto covenant and agree that:

 

7.1           竭尽全力;进一步保证。
遵照本《协议》的条件条款,各方应该竭尽全力或促使竭尽全力采取各种措施来完成或促使完成各种适用法律要求的或期望有事项,并在收购方向宏山控股及出售方提出的合理要求时,尽快完成并实现本《协议》规定的各交易。
协议各方应该签署并交付其他文件、证明书、协议及其他书面文件,并采取其他的必要的或期望措施来尽快完成并实现本《协议》所述各交易,以便使所有所销售股票过户至收购方名下,并赋予这些所销售股票良好的、有效的、可交易所有权,且不存在任何留置权。

Best Efforts; Further Assurances. Subject to the terms and conditions of this Agreement, each party shall use its
best efforts to take, or cause to be taken, all actions and to do, or cause to be done, all things necessary or desirable under
applicable Laws, and in the case of Heat Planet Holdings and the Seller as reasonably requested by Buyer, to consummate and implement
expeditiously each of the transactions contemplated by this Agreement. The parties hereto shall execute and deliver such other
documents, certificates, agreements and other writings and take such other actions as may be necessary or desirable in order to
consummate or implement expeditiously each of the transactions contemplated by this Agreement in order to transfer all of the Stock
to Buyer and to vest in Buyer good, valid and marketable title to the Stock, free and clear of all Liens.

 

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7.2           机密信息。除从其他来源获取的公开提供的信息或自由使用的资料之外,各协议方及其代理人应该对任何协议方或其关联方相关的任何信息都进行严格的保密。
除法律规定所作的要求之外,任何协议方都应该对从另一方及其法律顾问处获取的所有信息加以保密,除非有必要向自己的律师、会计及专业顾问透露,在此情形下,该协议方的此类人员、员工或代理人应该被告知或自行要求保守所述交易的条款的机密。

Confidential Information. Any information (except publicly available or freely usable material obtained from another
source) respecting any party or its Affiliates will be kept in strict confidence by all other parties to this Agreement and their
agents. Except as required by Law, each party shall retain all information obtained from the other and their legal counsel on a
confidential basis except as necessary to their attorneys, accountants and professional advisors, in which instance such persons
and any employees or agents of such party shall be advised of the confidential nature of the terms of the transaction and shall
themselves be required by such party to keep such information confidential.

 

Article
VIII

成交条件

CONDITIONS TO CLOSING

 

8.1           各方义务条件。
各协议方成交的义务必须满足下列条件:(a)无任何适用法律的条款或法令禁止成交或对成交强加任何条件,且(b)没有任何非关联方的第三方提请任何诉讼禁止或限制成交。

Condition to the Obligations of the Parties. The obligations of all of the parties to consummate the Closing are
subject to the satisfaction of all the following conditions: (a) no provision of any applicable Law, and no Order shall prohibit
or impose any condition on the consummation of the Closing, and (b) there shall not be pending any Action brought by a third-party
non-Affiliate to enjoin or otherwise restrict the consummation of the Closing.

 

8.2           收购方义务条件。收购方的成交义务必须以满足下列条件为准,除非收购方自行决定对下述条件豁免:

Conditions to Obligations of Buyer. The obligation of Buyer to consummate the Closing is subject to the satisfaction,
or the waiver at Buyer’s sole and absolute discretion, of all the following further conditions:

 

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(a)          在”成交日期”之前,宏山控股及出售方应该按时履行本《协议》要求的所有义务。

Heat Planet Holdings and the Seller shall have duly performed all of their obligations hereunder required to be performed
by them at or prior to the Closing Date.

 

(b)          不论与重要性或”重大不利影响”相关的上述条款中有何限制或例外,也不管其是否涉及已知风险,对于本《协议》、《补充协议》、任何由宏山控股或出售方按协议要求提交的证明书或其它书面文件,其中包含的所有宏山控股及出售方所作的陈述及保证:(i)在本《协议》签署之前或当日,必须真实、准确、完整,或(ii)若另有规定或认为另有规定之时,(iii)在本《协议》签署之前,必须真实、准确、完整,在(i)及(ii)的情形下,唯一的例外即不能合理地认为存在”重大不利影响”。

All of the representations and warranties of Heat Planet Holdings and the Seller contained in this Agreement, the Additional Agreements
and in any certificate or other writing delivered by Heat Planet Holdings or the Seller pursuant hereto, disregarding all qualifications
and exceptions contained therein relating to materiality or Material Adverse Effect, regardless of whether it involved a known
risk, shall: (i) be true, correct and complete at and as of the date of this Agreement, or, (ii) if otherwise specified, when made
or when deemed to have been made, and (iii) shall be true, correct and complete as of the Closing Date, in the case of (i) and
(ii) with only such exceptions as could not in the aggregate reasonably be expected to have a Material Adverse Effect.

 

(c)          应该视为无任何事项、变化或事件能够单独或与其他事项、变化或事件共同构成”重大不利变化”或”重大不利影响”,无论其是否涉及某种己知风险。

There shall have been no event, change or occurrence which individually or together with any other event, change or occurrence,
could reasonably be expected to have a Material Adverse Change or a Material Adverse Effect, regardless of whether it involved
a known risk.

 

(d)          收购方应该已经自行且自主完成其尽职调查复核。

Buyer shall have completed its due diligence review to its satisfaction, determined in its sole and absolute discretion.

 

(e)          收购方应该已经收到由宏山控股及出售方的唯一董事
李勇会按照8.2部分(a)至(c)条款规定签署的证明书。

Buyer shall have received a certificate signed by the sole director of Heat Planet, Yong Hui Li, and the Seller to the effect
set forth in clauses (a) through (c) of this Section 8.2.

 

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(f)          无任何法院、仲裁人或其他官方机构已签发或可能根据诉讼签发任何判决、强制令、法令或命令,且在”成交日期”之后,无任何适用法律条款能够限制或禁止成交、收购方持有所述股票的所有权或宏山控股及其子公司进行业务经营。

No court, arbitrator or other Authority shall have issued any judgment, injunction, decree or order, or have pending before
it a proceeding for the issuance of any thereof, and there shall not be any provision of any applicable Law restraining or prohibiting
the consummation of the Closing, the ownership by Buyer of any of the Stock or the effective operation of the Business by Heat
Planet Holdings and its Subsidiaries after the Closing Date.

 

(g)          收购方应该已经收到其要求的与宏山控股及其子公司的存续,以及宏山控股达成并履行本《协议》的权力相关的所有文件,且其形式与内容完全满足收购方及其法律顾问的要求,其中包括(i)一份宏山控股的”组织大纲修正及重述”的副本,且在近日经过公司成立时所在辖区的州务卿或等同的法定机构予以认证;(ii)协议签署之日现行生效的宏山控股”公司章程修正及重述”副本;(iii)由宏山控股董事会及股东大会一致通过而正式采纳的、授权签署本《协议》、《补充协议》以及达成前述协议所述交易的决议之副本;以及(iv)宏山控股公司秘书的认证书,用来证明本《协议》及按协议提交的任何证明文件书或文件的高级管理人员(们)的签名真实有效,并随附该秘书的在职证明。

Buyer shall have received all documents it may request relating to the existence of Heat Planet Holdings and its Subsidiaries
and the authority of Heat Planet Holdings to enter into and perform under this Agreement, all in form and substance reasonably
satisfactory to Buyer and its legal counsel, including (i) a copy of the Amended and Restated Memorandum of Association of Heat
Planet Holdings certified as of a recent date by the Secretary of State or the equivalent statutory bodies of its jurisdiction
of organization, (ii) copies of Heat Planet Holdings’s Amended and Restated Articles of Association as effective on the date
hereof; (iii) copies of resolutions duly adopted by the board of directors of Heat Planet Holdings and by the unanimous vote or
consent of Heat Planet Holdings’s stockholders authorizing this Agreement, the Additional Agreements and the transaction
contemplated hereby and thereby, and (iv) a certificate of the Secretary of Heat Planet Holdings certifying as to signatures of
the officer(s) executing this Agreement and any certificate or document to be delivered pursuant hereto, together with evidence
of the incumbency of such Secretary.

 

(h)          收购方应该已经收到出售方的代表所销售股票的股票证书,并在空白处由出售方正式签名,或随附出售方已在空白处正式签名的股票转让授权书,且要交纳完所有交易税及其他收入印花税,并获得签署,费用由出售方自理。

Buyer shall have received from the Sellers certificates representing the Stock, duly endorsed in blank by the Seller, or
accompanied by stock powers duly executed in blank by the Seller, with all necessary transfer Tax and other revenue stamps, acquired
at the Seller’s expense, affixed.

 

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(i)          收购方应该已经收到宏山控股及其子公司的组织记录、备忘录、股票分类帐、股票转让帐簿及法人印章。

Buyer shall have received the organizational record books, minute books, stock ledgers, stock transfer books and corporate
seal of Heat Planet Holdings and its Subsidiaries.

 

(j)          收购方应该已经收到所有”公司同意书”的副本(包括与”办公室租约”相关的房主的同意书),其形式及内容能令收购方合理地满意,且任何此类”公司同意书”都不能被撤消。

Buyer shall have received copies of all Company Consents (including the consents of the landlords under the Officer Leases),
in form and substance reasonably satisfactory to Buyer, and no such Company Consent shall have been revoked.

 

(k)          宏山控股及出售方应该已经向收购方提交令人收购方满意的文件以证明宏山控股及其子公司的任何股票及任何资产的所有留置权解除(容许留置权除外),以及适当的解除文件的档案。

Heat Planet Holdings and the Seller shall have delivered to Buyer documents satisfactory to Buyer to evidence the release
of all Liens on any Stock and, other than Permitted Liens, any portion of Heat Planet Holdings’ and its Subsidiaries’
assets and the filing of appropriate termination documents.

 

(l)          收购方应该已经从出售方收到能令收购方满意的让渡书,让渡对宏山控股及其子公司,以及各自的高级管理人员、董事、员工及关联方(与收购方独自与本《协议》及《补充协议》相关不同)要求索赔的权利。

Buyer shall have received from the Seller a general release of all claims against Heat Planet Holdings and its Subsidiaries
and their officers, directors, employees and Affiliates (other than Buyer solely in connection with this Agreement and the Additional
Agreements) in form satisfactory to Buyer.

 

(m)          出售方应该已经完全按照本文所附《附表A》的格式与所述”人”签署了”竞业禁止协议”(统称为”竞业禁止协议”),且具有完全法律效力。

The Seller shall have executed the Non-Compete Agreement substantially in the form attached hereto as Exhibit A between
Buyer and such Person (collectively, the “Non-Compete Agreements”) and the same shall be in full force and effect.

 

(n)          宏山控股应该已经向收购方提交了令其满意的经过更新的各《附录》,且在各自的陈述及保证中规定的时期内真实、准确且完整。

Heat Planet Holdings shall have delivered to Buyer’s satisfaction updated Schedules that shall be true, correct and
complete as of the date with respect thereto set forth in the respective representation and warranty.

 

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8.3           宏山控股及出售方的义务条件。宏山控股及出售方的成交义务要以满足下列条件为准,除非出售方自行决定对下述条件豁免:

Conditions to Obligations of Heat Planet Holdings and the Seller. The obligation of Heat Planet Holdings and the
Seller to consummate the Closing is subject to the satisfaction, or the waiver at the Seller’s discretion, of all the following
further conditions:

 

(a)          (i)在本《协议》签署之前或当日,收购方应该已经履行了本《协议》对其要求的所有义务;(ii)无论与重要性相关的上述条款中有何限制与期望,在”成交日期”之前或当日,本《协议》及收购方按协议要求提交的其它证明书或书面文件中所包含的收购方的陈述及保证应该完全真实、准确;且(iii)出售方应该已经收到由收购方的授权高级管理人员签署的证明书以证明前述事实。

(i) Buyer shall have performed in all material respects all of its obligations hereunder required to be performed by it
at or prior to the Closing Date, (ii) the representations and warranties of Buyer contained in this Agreement and in any certificate
or other writing delivered by Buyer pursuant hereto, disregarding all qualifications and expectations contained therein relating
to materiality shall be true and correct in all material respects at and as of the Closing Date, as if made at and as of such date
and (iii) Seller shall have received a certificate signed by an authorized officer of Buyer to the foregoing effect.

 

(b)          收购方应该已经签署的所有自己作为协议方的各《补充协议》且已将其提交给出售方。

Buyer shall have executed and delivered to the Seller each Additional Agreement to which it is a party.

 

Article
IX

收购价款

Purchase Price

 

9.1           收购价款是人民币356,393,705元。The
purchase price is RMB356,393,705.

 

9.2           出售方及收购方同意委任双方认可的会计师事务所根据美国会计准则,在成交后对宏山控股及其附属公司按照美国会计准则进行审计(审计基准日为2012年5月31日),双方须促使宏山控股及其附属公司提供一切所需文件以使该会计师事务所作出审计,经审计与宏山控股之合并报表数据之差异,应当适当调整收购价款。

The Seller and the Buyer agree to appoint a recognized accounting firm registered in U.S. GAAP, and prior to closing, Heat
Planet Holdings and its subsidiaries will be audited in accordance with U.S. GAAP, (audit reference date of 5/31/12). Both parties
shall ensure that Heat Planet Holdings and its subsidiaries provide all necessary documents to enable the accounting firm to audit.
If after the audit, the consolidated statements have discrepancies, the purchase price should be appropriately adjusted accordingly.

 

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Article
X

收购价格调整

Purchase Price Adjustment

 

10.1         收购价格调整。Purchase
Price Adjustment.

 

(a)          估计营运资金。所附《附录》10.1为宏山控股及其子公司的截止2012年5月31日(“营运资金计算日”)估计合并资产负债表(”估计期末资产负债表”),用来表明”估计营运资金”与”估计现金余额”,且经收购方与出售方互相确认。
“估计期末资产负债表”应遵照宏山控股一贯适用的”美国会计准则”及”估计营运资金”的定义进行编制。

Estimated Working Capital. Attached hereto as Schedule 10.1 is an estimated consolidated balance sheet (the “Estimated
Closing Balance Sheet”) of Heat Planet Holdings and its Subsidiaries as of May 31, 2012 (the “Working Capital Calculation
Date”) showing the Estimated Working Capital and Estimated Cash Balance as mutually agreed upon by Buyer and the Seller.
The Estimated Closing Balance Sheet shall be prepared according to U.S. GAAP in accordance with consistently applied past practices
of Heat Planet Holdings and the definition of Estimated Working Capital.

 

(b)          成交付款的成交后期调整。在成交之后,收购方应该在合理可行的情况下及时确定或督促尽快确定宏山控股的截止营运资金计算日期的”实际营运资金”及”实际现金余额”,并将其告知出售方,且随附宏山控股及其子公司的截止营运资金计算日期的实际合并资产负债表的一份副本(”实际期末资产负债表”)以及收购方进行相关计算的工作文件。
“实际期末资产负债表”应该遵照宏山控股一贯适用的”
美国会计准则”及”实际营运资金”的定义进行编制。
上述确定过程应以诚信原则进行且无明显差错,并对协议各方有约束力及决定性。
按照10.1部分支付的款项应被视为”收购价格”的调整。
如果”估计营运资金”超过”实际营运资金”,或”估计现金余额”超过”实际现金余额”,则出售方应在收到”实际营运资金”通知的五个交易日之内向收购方以现金方式支付总额等于此类超出部分的最大额的款项(无任何利息)。

Post-Closing Adjustment to Closing Payment. As promptly as reasonably practicable after the Closing, Buyer shall determine,
or cause to be determined, Heat Planet Holdings’s Actual Working Capital and Actual Cash Balance as of the Working Capital
Calculation Date and notify the Seller thereof, together with a copy of an actual consolidated balance sheet of Heat Planet Holdings
and its Subsidiaries as of the Working Capital Calculation Date (the “Actual Closing Balance Sheet”) and Buyer’s
work papers showing the calculation thereof. The Actual Closing Balance Sheet shall be prepared according to U.S. GAAP in accordance
with consistently applied past practices of Heat Planet Holdings and the definition of Actual Working Capital. Such determination
shall be made in good faith and, absent manifest error, shall be binding and conclusive upon all parties hereto. Any payments made
pursuant to this Section 10.1 will be treated as an adjustment to the Purchase Price. In the event that the Estimated Working Capital
exceeds the Actual Working Capital or that the Estimated Cash Balance exceeds the Actual Cash Balance, the Seller shall pay to
Buyer, within five business days of the notification of the Actual Working Capital, an aggregate amount equal to the greater of
such excesses (without any interest thereon) in cash.

 

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Article
XI

收购价款支付:

Payment of the Purchase Price

 

11.1         双方约定自收购之主要物业(开元中心写字楼)入住之日起6个月内,收购方按照本协议支付收购价,具体数额为支付当日等值美元。超过6个月未支付的,仍以人民币记账,收购方应按未支付价款部分计付利息,利率按照中国人民银行一年期贷款利率执行,
然而前提条件是: 如果有关于购买价格计算或者购买价格调整的诚信纠纷,那么就不应该有纠纷金额的利息积累,直到该纠纷被最后明确解决。

Both parties agree that within 6 months of the occupation of the acquired property (the office building of
KaiYuan Center), the Buyer will pay the purchase price in accordance with this Agreement. The exact amount of the payment will
be that day’s US Dollar Equivalent. Any amount that remains unpaid after 6 months will be recorded on books in RMB. The Buyer
will pay interest on any unpaid amount at the interest rate for one-year loans announced by People’s Bank of China, provided,
however, that if there is a good faith dispute about a Purchase Price calculation or Purchase Price adjustment, then no interest
shall accrue on amounts in dispute until after such dispute has been finally and definitively resolved.

 

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Article
XII

本协议的保密

The confidentiality of the contract 

 

12.1         各协议方承认,本《协议》必须由收购方的母公司AutoChina国际有限公司按照适用的美国证券法规定公开。
收购方应该向出售方提供一份与本《协议》相关的公示副本,包括任何与此相关的新闻公告,且要为出售方提供合理的机会对此公示进行复核及评论,但前提是,出售方承认AutoChina国际有限公司有权自行且自主确定此公示的内容及形式。

The parties acknowledge that this Agreement must be disclosed by Buyer’s parent company, AutoChina International Limited
in accordance with applicable U.S. securities laws. Buyer shall provide Seller with a copy of any disclosure relating to this Agreement,
including any press releases related thereto, and shall provide Seller with reasonable opportunity to review and provide comment
on such disclosure, provided, however, that Seller acknowledges that the form and substance of any such disclosure shall be at
AutoChina International Limited’s sole and absolute discretion.

 

Article
XIII

税收及费用

Taxes and Fees

 

 

13.1         各方应承担各自因本协议的谈判、准备及签署所引起的费用。

The parties shall bear their own expenses incurred in the negotiation, preparation and signing of this Agreement.

  

13.2         出售方、收购方应自行负担因本次交易所产生的各自的税收。

The Seller and the Buyer should bear their own respective taxes arising from this transaction.

 

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Article
XIV

赔偿

Indemnification 

 

14.1         收购方赔偿。

如果收购方及其各关联方,以及收购方及其各附属公司各自的成员、管理人员、合作伙伴、董事、高级管理人员、员工、股东、律师、代理人、指定受让人(”收购方接受赔偿人”)因:

(a)就本《协议》、《补充协议》或任何按协议提交的证明书或其他文件中,宏山控股或出售方所作的所有陈述、保证、保证条款及协议而言,存在任何违约行为、错误或不履约行为,或涉嫌存在任何违约行为、错误或不履约行为;

(b)在”成交日期”之前或当日,任何第三方采取的与业务相关的行动(包括违约索赔、违反保证、商标侵权、侵犯隐私、侵权或消费者投诉);

(c)在”成交日期”之前或当日,违反任何与业务营运相关的法律;

(d)宏山控股或其任何子公司的任何员工就”成交日期”之前或当日的事项,或就因本《协议》所述交易所致的终止雇佣,或就任何员工的福利计划的终止、修改或缩减而提出的任何索赔;

(e)成交前期的任何应付税款;或

(f)由本《协议》所述任何交易所导致的、向收购方或其关联方征收的任何销售、使用或证券交易税,

所致,产生或遭受任何现金支付损失、成本、付款、要求、罚金、开支、债务、审判,或价值不足、损害及减值,或索赔(包括投资的实际成本、律师费及其他费用支出)(前述各项统称为”损失”),则:

宏山控股(独自处理在成交之前按照本14.1部分进行的索赔)及出售方在此共同并各自同意,除保持任何”收购方接受赔偿人”免受任何”损失”之外,对任何”收购方接受赔偿人”的任何”损失”进行赔偿。

就相关”损失”,由出售方向”收购方接受赔偿人”支付的赔偿总额不得超过人民币356,393,705元(”可赔偿损失限额”)。

Indemnification of Buyer. Heat Planet Holdings (solely with respect to claims made under this Section 14.1 prior to the
Closing) and the Seller hereby jointly and severally agree to indemnify and hold harmless Buyer, each of its Affiliates and each
of its and their respective members, managers, partners, directors, officers, employees, stockholders, attorneys and agents and
permitted assignees (the “Purchaser Indemnitees”), against and in respect of any and all out-of-pocket loss, cost,
payments, demand, penalty, forfeiture, expense, liability, judgment, deficiency or damage, and diminution in value or claim (including
actual costs of investigation and attorneys’ fees and other costs and expenses) (all of the foregoing collectively, “Losses”)
incurred or sustained by any Purchaser Indemnitee as a result of or in connection with (a) any breach, inaccuracy or nonfulfillment
or the alleged breach, inaccuracy or nonfulfillment of any of the representations, warranties, covenants and agreements of Heat
Planet Holdings or the Seller contained herein or in any of the Additional Agreements or any certificate or other writing delivered
pursuant hereto, (b) any Actions by any third parties with respect to the Business (including breach of contract claims, violations
of warranties, trademark infringement, privacy violations, torts or consumer complaints) for any period on or prior to the Closing
Date, (c) the violation of any Laws in connection with or with respect to the operation of the Business on or prior to the Closing
Date, (d) any claims by any employee of Heat Planet Holdings or any of its Subsidiaries with respect to any period or event occurring
on or prior to the Closing Date, or relating to the termination of employee’s employment status in connection with the transactions
contemplated by this Agreement, or the termination, amendment or curtailment of any employee benefit plans, (e) any Taxes attributable
to a Pre-Closing Period, or (f) any sales, use, transfer or similar Tax imposed on Buyer or its Affiliates as a result of any transaction
contemplated by this Agreement. The total payments made by the Seller to the Purchaser Indemnitees with respect to Losses shall
not exceed RMB356,393,705 (the “Indemnifiable Loss Limit”).

 

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14.2         出售方赔偿。
如果因违反、不履行本文中的收购方所作陈述、保证及保证条款,或其中有误述,导致出售方及其各关联方,以及出售方及其各附属公司各自的成员、管理人员、合作伙伴、董事、高级管理人员、员工、股东、律师、代理人、指定受让人(”出售方接受赔偿人”)产生或遭受任何损失,则收购方在此同意,除避免”出售方接受赔偿人”遭受任何损失外,应对”出售方接受赔偿人”遭受的任何损失进行赔偿。就相关”损失”,由收购方向”出售方接受赔偿人”支付的赔偿总额不得超过”可赔偿损失限额”的20%
。

Indemnification of Seller. Buyer hereby agrees to indemnify and hold harmless the Seller, each of their Affiliates,
and each of its and their respective members, managers, partners, directors, officers, employees, stockholders, attorneys and agents
and permitted assignees (the “Seller Indemnitees”) against and in respect of any Losses incurred or sustained by any
Seller Indemnitee as a result of any breach, inaccuracy or nonfulfillment or the alleged breach, inaccuracy or nonfulfillment of
any of the representations, warranties and covenants of Buyer contained herein. The total payments made by Buyer to Seller Indemnitees
with respect to Losses shall not exceed 20% of the Indemnifiable Loss Limit.

 

14.3         程序。Procedure.

 

(a)          根据14.1或14.2部分的规定,向”收购方接受赔偿人”或”出售方接受赔偿人”(统称为”接受赔偿方”)支付的与诉讼调查、辩护准备或辩护相关的费用、垫付费用或经费的任何赔偿款项,应该由出售方或收购方(此类各方称为”赔偿方”)在调查或辩护期间尽可能分期支付给”接受赔偿方”,付款时间以收到帐单,或以发生费用、垫付费用或经费为准。

Any indemnification required by Section 14.1 or 14.2 for costs, disbursements or expenses of any either a Purchaser Indemnitee
or a Seller Indemnitee (together, “Indemnified Party”) in connection with investigating, preparing to defend or defending
any Action shall be made by periodic payments by the Seller or Buyer, as applicable (any of such parties, “Indemnifying Parties”)
to each Indemnified Party during the course of the investigation or defense, as and when bills are received or costs, disbursements
or expenses are incurred.

 

(b)          如果按照条款14,收购方有权获得任何赔偿,则收购方有权按照14.2部分抵消所欠”出售方接受赔偿人”的赔偿款项与/或按照本《协议》规定抵消此类赔偿款项。此类抵消应被视为”收购价格”的调整。

In the event that Buyer is entitled to any indemnification pursuant to this Article 14, Buyer shall be entitled to set off
any amounts owed to the Seller Indemnitees pursuant to Section 14.2 and/or otherwise pursuant to this Agreement against the amount
of such indemnification. Any such set-off will be treated as an adjustment to the Purchase Price.

 

(c)          如果按照本条款,收购方有权获得任何赔偿,但收购方未能按照14.3部分所述抵消此类赔偿,则出售方应(按照14.1部分的规定)支付赔偿款项。出售方应该按照14.1部分所述使用现金支付所有应付赔偿款项。

In the event that Buyer is entitled to any indemnification pursuant to this Article and Buyer is unable to set off such
indemnification pursuant to this Section 14.3, the Seller shall pay the amount of the indemnification (subject to the limitation
set forth in Section 14.1). The Seller shall pay any indemnification payment due under this Section 14.1 in cash.

 

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(d)          本文所述的赔偿款项应该将实际收到的任何保险赔款或其他第三方偿付考虑在内。

Any indemnification payments hereunder shall take into account any insurance proceeds or other third party reimbursement
actually received.

 

(e)          在4.1节(企业存续及权力)、4.2节(授权)、4.3节(政府授权)、4.5节(资本)、4.6节(组织大纲及公司章程)、4.7节(公司记录)、4.9节(子公司)、4.14节(财产;
宏山控股及其子公司资产的所有权)、4.16(b)(x)
(合同下的保证)、4.18
节(遵守法律)、4.21节(雇佣事项)、4.24节(税务事项)、4.26节(介绍费)、4.31节(补充中国陈述和保证)、5.1节(公司存续及权力)、5.2节(公司授权),以及5.5节(介绍费)中所作的陈述和保证,其有效期至相关的限制条例期满(包括任何与其相关的延长或放弃)之后九十(90)日;除此之外,宏山控股、出售方及收购方所作陈述及保证的有效期至成交之后满三周年之日。
按照14.1节或14.2节的规定,只要满足下述条件,则”接受赔偿方”从”赔偿方”获得对”损失”的赔偿的权利是有效的:(x)
如果涉及第14.3(e)部分第一句所作的陈述及保证,且存在违反或涉嫌违反任何”赔偿方”的任何保证条款或协议,并在相关限制条例期满(包括所有相关的延长或放弃)后满九十(90)日之前作出声明;且(y)如果是宏山控股、出售方及收购方在本文所作的所有其他陈述及保证,并在成交满三周年之前作出声明。

Except for the representations and warranties in Section 4.1 (Corporate Existence and Power), 4.2 (Authorization), 4.3. (Governmental
Authorization), 4.5 (Capitalization), 4.6 (Memorandum and Articles of Association), 4.7 (Corporate Records), 4.9 (Subsidiaries),
4.14 (Properties; Title to Heat Planet Holdings and its Subsidiaries’ Assets), 4.16(b)(x) (Warranties under Contracts), 4.18
(Compliance with Laws), 4.21 (Employment Matters), 4.24 (Tax Matters), 4.26 (Finder’s Fees), 4.31 (Additional China Representations
and Warranties), Section 5.1 (Corporate Existence and Power), Section 5.2 (Corporate Authorization), and Section 5.5 (Finders’
Fees) which shall survive until ninety (90) days after the expiration of the statute of limitations with respect thereto (including
any extensions and waivers thereof), the representations and warranties of Heat Planet Holdings, the Seller and the Buyer shall
survive until the three year anniversary of the Closing. The indemnification to which any Indemnified Party is entitled from the
Indemnifying Parties pursuant to Section 14.1 or 14.2 for Losses shall be effective so long as it is asserted prior to: (x) ninety
(90) days after the expiration of the applicable statute of limitations (including all extensions and waivers thereof), in the
case of the representations and warranties referred to in the first sentence of this Section 14.3(e) and the breach or the alleged
breach of any covenant or agreement of any Indemnifying Party; and (y) the three year anniversary of the Closing, in the case of
all other representations and warranties of Heat Planet Holdings, the Seller and the Buyer hereunder.

 

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Article
XV

其它条款

Other Terms

 

15.1         收购完成之后各方的权益将继续有效。各方的权利及义务不会因本协议拟定交易的完成而成为不能予以执行。为了执行某一交易而签署及交付任何转让文件或其它文件时,该等权利及义务继续有效。

Each party’s benefits and rights will continue to be valid after the acquisition. Each parties’ rights
and responsibilities will continue to be valid after the acquisition. Rights and responsibilities remain valid when signing and
transferring any document in order to take on a transaction.

 

15.2         权利或责任的不转让。未经另一方的事先书面同意,任何一方不得转让、抵押本协议项下的任何权利或义务,或对其设定负担或以任何其它方式处置本协议项下的任何权利或义务,或试图或企图这样做。

No Transfer of Rights or Responsibilities. Without the other’s prior written consent, no party can transfer or collateralize
any rights or obligations under this Agreement, nor create an encumbrance on or in any other way dispose of any rights or obligations
under this Agreement, or attempt to do so.

 

15.3         成交确认。每一方均应采取一切必要的行动(包括签署协议及文件),确保本协议及本协议项下拟定的交易完全生效,直至收购之公司完成所销售股票的变更登记。

Closing Confirmation. Each party shall take all necessary actions (including the signing of agreements and documents)
to ensure that this Agreement and the proposed transaction under this Agreement be and remain in full force and effect until the
change of registration of the Stock is completed.

 

15.4         出售/购买的弃权。本协议项下任何权利、权力或救济方法的未行使或延迟行使均不构成弃权。对任何权利、权力或救济方法的单独或部分行使或放弃,并不排除任何其他部分或进一步行使任何其它权利、权力或救济方式。除非弃权以书面方式作出,否则对作出弃权的一方无效或无约束力。

Abstain from the Right to Sell/ Purchase. Under this Agreement, any rights, powers or remedies, to exercise or delay
in exercising, do not constitute a waiver. Any right, power or remedy or partial waiver, does not preclude any other or further
exercise of any other rights, powers or remedies. Unless a waiver is in writing, such waiver is invalid and non-binding.

 

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15.5         通知。本协议项下发出或作出的任何通知、要求、同意或其它传达(每一均为”通知”):

Notice. Any notice, request, consent or other convey issued or made under this Agreement (all is defined as “Notice”):

 

(a)          必须采用书面方式,且须由发件人或经其正式授权的人士签字;

must be made in writing and signed by the sender or by their duly authorized persons;

 

(b)          必须注明并送达至收件人的地址或传真号码,或本协议签署日之后收件人最新告知的地址或传真号码。

The recipient’s address or fax number shall be clearly marked, or the latest address or fax number shall be notified
by the recipient following the execution of this Agreement.

 

(c)          一旦被递送、接收或留置在上述传真号码或地址,即被视为已有效送达或作出。如果通知递送或送达时并非受送地的工作日或当地时间16:00之后,则该通知将被视为在受送地下一工作日营业时间开始时有效送达或作出。

Once delivered, received or retained it shall be deemed to have been effectively served or made in the above fax number
or address. If the notice is delivered or served other than on a Business Day or by 16:00 local time, the notice will be deemed
to be served or made effective by the next Business Day.

 

15.6         适用法律。本协议适用香港法律。

Governing Laws. The laws of Hong Kong shall govern this Agreement.

 

15.7         争议解决。
Dispute Resolution.

 

(a)          本协议双方应通过友好协商的方式寻求解决因本协议所产生的或与本协议有关的一切争议或索赔。任何一方如欲通过协商解决争议或索赔,应书面通知对方。

The parties to this Agreement undertake through friendly consultation to find a solution to any dispute or Claim arising
out of or relating to this Agreement. Any party who wishes to resolve the dispute through negotiation or Claim, shall provide written
notice to the other.

 

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(b)          如果在(a)项所述通知发出之日起二十(20)个工作日内双方未能解决因本协议所发生的或与本协议有关的争议或索赔,包括与该协议的存在、效力或解除有关的任何问题,任何一方均可依据香港法律,将该争议或索赔提交香港法院处理。

If the parties fail to resolve any dispute or Claim arising out of or relating to this Agreement within twenty (20) Business
Days following the delivery of a notice of dispute or Claim, as described in subparagraph (a) within , including the agreement
with the existence, validity or dissolution of any dispute or claim arising out of or related to this Agreement, any party may,
in accordance with the laws of Hong Kong, submit the dispute or claim to the Hong Kong courts.

 

15.8         副本及语言。
Copies and Language.

 

(a)          本协议一式数份。所有副本构成一份完整的文件。本协议以中文书就。

This agreement is in several copies. All copies constitute a complete document. This Agreement is written in Chinese.

 

(b)          本协议由各方于首页所示日期签署生效。

This Agreement becomes effective once signed by the parties on the date indicated on the first page.

 

Article
XVI

终止

Termination

 

 16.1         无违约终止;费用。
如果本《协议》所述之交易至2012年12月31日(”外部成交日期”)未能成交,且收购方、宏山控股或出售方都无重大违约行为,但存在终止本《协议》的意图(按照16.2部分所述),则收购方应该有权自行决定终止本《协议》且不对其他各方承担任何责任。
“外部成交日期”之后,在随时书面通知宏山控股及出售方的情况下,收购方可以行使此项权利。如果本《协议》按照16.1部分被终止,则因本《协议》导致的费用由各方自行承担。

Termination Without Default; Expenses. In the event that the Closing of the transactions contemplated hereunder
has not occurred by December 31, 2012 (the “Outside Closing Date”) and no material breach of this Agreement by Buyer,
on one hand, or Heat Planet Holdings or the Seller, on the other hand, seeking to terminate this Agreement shall have occurred
or have been made (as provided in Section 16.2 hereof), Buyer shall have the right, at its sole option, to terminate this Agreement
without liability to the other side. Such right may be exercised by Buyer by giving written notice to Heat Planet Holdings and
the Seller at any time after the Outside Closing Date. In the event this Agreement is terminated pursuant to this Section 16.1,
each party shall bear its own expenses incurred in connection with this Agreement.

 

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16.2         因违约终止。Termination
Upon Default.

 

(a)          如果在”成交日期”之前或当日,宏山控股或出售方就任何本《协议》或任何《补充协议》的陈述、保证、协议或保证条款存在重大违约行为,且在收到有关此类违约行为的合理详情陈述通知后的十(10)日之内及”外部成交日期”之前,未能弥补此违约行为,则在不影响收购方任何权利或义务的情况下,在”成交日期”之前或当日,收购方可以通知出售方终止本《协议》。
违反本《协议》第6.4,
6.8或6.9部分中所列的行为应该被视为对于本《协议》的条款构成重大违约行为。

Buyer may terminate this Agreement by giving notice to the Seller on or prior to the Closing Date, without prejudice to
any rights or obligations Buyer may have, if the Heat Planet Holdings or the Seller shall have materially breached any representation
or warranty or breached any agreement or covenant contained herein or in any Additional Agreement to be performed on or prior to
the Closing Date and such breach shall not be cured by the earlier of the Outside Closing Date and ten (10) days following receipt
by Heat Planet Holdings or the Seller of a notice describing in reasonable detail the nature of such breach. A breach of Section
6.4, 6.8 or Section 6.9 of this Agreement shall be deemed to be a material breach of the terms of this Agreement.

 

(b)          如果在”成交日期”之前或当日,收购方就其在本《协议》中保证条款、协议、陈述及保证存在重大违约行为,且在收到有关此类违约行为的合理详情陈述通知后的十(10)日之内及”外部成交日期”之前,未能弥补此违约行为,则在不影响宏山控股或出售方的权利或义务的情况下,出售方可以通知收购方终止本《协议》。

The Seller may terminate this Agreement by giving notice to Buyer, without prejudice to any rights or obligations Heat Planet Holdings
or the Seller may have, if Buyer shall have materially breached any of its covenants, agreements, representations, and warranties
contained herein to be performed on or prior to the Closing Date and such breach shall not be cured by the earlier of the Outside
Closing Date and ten (10) days following receipt by Buyer of a notice describing in reasonable detail the nature of such breach.

 

(c)          如果收购方按照16.2(a)部分所述终止了本《协议》,则宏山控股及出售方应该共同并各自负责支付自己的费用及收购方因本《协议》所产生的费用。

In the event this Agreement is terminated by Buyer pursuant to Section 16.2(a), Heat Planet Holdings and the Seller shall
be jointly and severally responsible for paying all of their own expenses and those of Buyer incurred in connection with this Agreement.

 

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(d)          如果出售方按照16.2(b)所述终止了本《协议》,则收购方应该负责支付自己的费用及宏山控股或出售方因本《协议》所产生的费用(但是,宏山控股或出售方的此类费用应该被限制在一个法律顾问的合理律师费用范围)。

In the event this Agreement is terminated by the Seller pursuant to Section 16.2(b), Buyer shall be responsible for paying
all of its own expenses and those of Heat Planet Holdings or the Seller incurred in connection with this Agreement (provided, however,
such expenses of Heat Planet Holdings or the Seller shall be limited to reasonable attorney’s fees of one counsel).

 

16.3         持续有效。
按照本16条的规定,第12.1节,第
13.1节及第13.2节以及本16条的条款应该在本协议终止之后持续有效。

Survival. The provisions of Sections 12.1, 13.1 and 13.2, as well as this Article 16, shall survive any termination
hereof pursuant to this Article 16.

 

[剩下页面故意留空白]

[remainder of page intentionally left blank]

 

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(股权转让协议签署页)

(Signature page of this equity transfer agreement)

 

	出售方 Seller:ALLIANCE RICH MANAGEMENT LIMITED	 
	 	 
	By:	/s/ Yonghui Li	 
	Name:    Yonghui Li	 
	Title:     Director	 
	 	 
	收购方 Buyer:AUTOCHINA GROUP INC	 
	 	 
	By:	/s/ Yonghui Li 	 
	Name:    Yonghui Li	 
	Title:     Chief Executive Officer	 
	 	 
	宏山控股:Heat Planet Holdings Limited(宏山控股有限公司)	 
	 	 
	By:	/s/ Yonghui Li 	 
	Name:    Yonghui Li	 
	Title:     Director	 

 

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附件一

ANNEX I

公司信息
Company Information

宏山控股
Heat Planet Holdings Limited

 

	
        名称:

        Name:
	Heat Planet Holdings Limited(宏山控股有限公司)
	
        注册日期:

        Registration Date:
	
        2007年9月14日

        September 14, 2007

	
        公司代码:

        Company Code:
	1167359
	
        公司类型:

        Type of Enterprise:
	
        有限公司

        Limited Liability Company

	
        股东:

        Shareholder:
	Alliance Rich Management Limited,100%
	
        董事:

        Director:
	Yong Hui Li

 

    	69

    	 

    

 

旭威贸易
Xu Wei Trade

 

	
        名称:

        Name:
	
        河北旭威贸易有限公司

        Hebei Xu Wei Trade Co., Ltd.

	
        成立时间:

        Date of Establishment:
	
        2007年12月20日

        December 20, 2007

	
        公司类型:

        Type of Enterprise:
	
        有限责任公司(台港澳法人独资)

        Limited Liability Company (wholly owned by Taiwan/Hong Kong/Macau
        Legal Person)

	
        经营范围:

        Scope of Business:
	
        化工产品(不含化学危险品)、建筑材料(不含钢材)、机电产品(国家禁止经营的除外)的批发

        Wholesale of chemical products (excluding hazardous chemicals),
        construction materials (excluding steel), machinery and electronic products (excluding those prohibited by the State)

	
        注册地址:

        Registered Location:
	
        石家庄市中山东路322号

        322 Eastern Zhongshan Road, Shijiazhuang City

	
        注册资本:

        Registered Capital:
	
        5000万元

        RMB 50 million

	
        实缴资本:

        Paid-in Capital:
	
        5000万元

        RMB 50 million

	
        股权持有者:

        Holder of Equity:
	Heat Planet
    Holdings Limited(宏山控股有限公司),
    100%
	
        执行董事:

        Executive Director:
	
        彭晋瑜

        Peng, Jinyu

 

    	70

    	 

    

 

瑞良商贸
Rui Liang Trade

 

	
        名称:

        Name:
	
        河北瑞良商贸有限公司

        Hebei Rui Liang Trade Co., Ltd

	
        成立时间:

        Date of Establishment:
	
        2012年1月18日

        January 18, 2012

	
        公司类型:

        Type of Enterprise:
	
        有限责任公司(外商投资企业法人独资)

        Limited Liability Company (wholly owned by foreign-invested
        enterprise)

	
        经营范围:

        Scope of Business:
	
        建筑材料、普通机械、电子产品、钢材、五金交电、装饰材料、化工产品(以上范围中法律、法规、国务院决定禁止或限制经营的除外)的销售;自有房屋租赁;商务信息咨询服务

        Sale of construction materials, common machinery, electronic
        products, steel, hardware, decorative materials, chemical products (among the above those banned or prohibited by laws, statutes
        or State Council policies are excluded); self-owned property rental; and business consulting services.

	
        注册地址:

        Registered Location:
	
        石家庄市中山东路322号

        322 Eastern Zhongshan Road, Shijiazhuang City

	
        注册资本:

        Registered Capital:
	
        10000万元

        RMB 100 million

	
        实缴资本:

        Paid-in Capital:
	
        10000万元

        RMB 100 million

	
        股权持有者:

        Holder of Equity:
	
        河北旭威贸易有限公司,100%

        Hebei Xu Wei Trade Co., Ltd., 100%

	
        执行董事:

        Executive Director:
	
        阎会凯

        Yan, Huikai

 

    	71

    	 

    

  

附件二

 

ANNEX II

 

开元中心写字楼简介

 

Introduction of KaiYuan Center Office
Building

 

开元中心位于河北省石家庄市一环内城市核心区域,是石家庄最核心的商务领地。开元中心整个大楼用地面积10601.234平方米,总建筑面积约18万平方米,建筑物总高度245米,地上建筑53层,地下四层。其中5-27层为办公楼,评估的面积为61224.50平方米,交楼的时间约为2012年8月底。

 

KaiYuan Center Office Building is located
in an urban central area within the First Ring Road of Shijiazhuang City in Hebei Province, which is the innermost business zone
in Shijiazhuang. KaiYuan Center Office Building covers a total area of 10,601.234 square meters, with a total construction area
of 180,000 square meters, a building height of 245 meters, and with 53 floors above the ground and 5 levels under the ground. The
fifth to twenty-seventh floors are used for offices, covering an assessed area of 61,224.50 square meters. The hand-over time is
around the end of August 2012.

 

开元中心为国际标准化的高级酒店和高端办公的综合体。5层—27层为办公用房,写字楼低区(5层—11层)每层建筑面积约为3000平方米(第5层约为2300平方米),层高高达4.5米,净高约3.0米,,低区配置4台客用电梯,高区(13层—26层)每层建筑面积约为2700平方米,层高达4.2米,净高约2.7米,27层层高达5.2米,净高3.1米,高区配置6台客用电梯。

 

KaiYuan Center is an internationally standardized
complex of luxury hotel and high-end offices. Fifth through twenty-seventh floors are office space. For the lower levels of the
office building (5-11 floors), each floor covers an area of approximately 3000 square meters (while the 5th floor covers approximately
2300 square meters) and is 4.5 meters high, with a net height of approximately 3.0 meters. The lower levels are equipped with four
passenger elevators. For the higher levels (13-26 floors), each floor covers an area of approximately 2700 square meters and is
4.2 meters high, with a net height of approximately 2.7 meters (while twenty-seventh floor is 5.2 meters high with a net height
of 3.1 meters). The higher levels are equipped with six passenger elevators.

 

    	72

    	 

    

 

附件三

 

ANNEX III

 

开元中心交楼标准
KaiYuan Center Delivery Standards

 

1.          电梯牌子,数量,荷载,型号:

Brand, Quantity, Load Limit, and Type of Elevators:

 

电梯牌子:瑞士的迅达电梯,设置电梯LCD系统;

 

Elevator Brand: Schindler Elevators by Switzerland;
with LCD system installed.

 

数量:客梯10部,服务梯2台;

 

Quantity: 10 Passenger Elevators and 2 service elevators.

 

荷载:
1350kg/18p;

 

Load Limit: 1350 kg or 18 persons;

 

型号Models:
S7000;S80L;S5400。

 

2.          空调通风系统,规格型号,功能:

Air Conditioning and Ventilation System, Specifications
and Features:

 

空调通风系统:采用美国开利中央空调,写字楼末端采用江森自控的变风量末端VAV空调设备;

 

Air Conditioning and Ventilation System: US Carrier
Central A/C System, with Johnson Self-Control A/C VAVs equipped in the terminal offices.

 

VAV规格型号Specifications
and Models:TSS-7P00000-05-000-R-0,TSS-7P00000-06-000-R-0,TSS-6P000WC1-06-000-R-0,TSS-6P000WC1-08-000-R-0,TSS-6P000WC1-10-000-R-0;

 

功能:可根据需要人性化调节送风温度。

 

Features: Adjustable temperatures of the supplied
air according to human needs.

 

    	73

    	 

    

 

3.          楼层净高:

Net Height of Floors:

 

写字楼低区(5层-11层)层高高达4.5米,净高约3.0米,高区(13层-26层)层高达4.2米,净高约2.7米,27层层高达5.2米,净高3.1米。

 

Each floor of the lower levels (5-11 floors) is 4.5
meters high with a net height of 3.0 meters; each of the higher levels (13-26 floors) is 4.2 meters high with a net height of 2.7
meters. Twenty-seventh floor is 5.2 meters high with a net height of 3.1 meters.

 

4.          外墙玻璃,牌子,型号,功能:

 Glass, Brand, Model and Functions of External
Walls:

 

外玻璃幕墙选用天津南玻中空充氩气的双层钢化LOW膜玻璃,LOW-E中空玻璃,即可以避免光污染,又能良好采光,同时它冬季保温,夏季降温,减少采暖制冷的消耗。

 

The outer glass wall uses double-steel, hollow with
argon-filled LOW membrane glass and LOW-E insulating glass made by Tianjin CSG Holdings Co., Ltd, which not only avoids light pollution,
but also brings good lighting. Also, it keeps heat in the winter and reduces heat in the summer, and therefore efficiently lowering
the consumption of energy usually used for heating and cooling.

 

5.          公共区域的装修标准,包括天花,墙身,地面等,型号,功能,牌子:

 Renovation Standards for Public Areas,
including ceilings, walls, floors, and related models, features and brands:

 

办公大堂吊顶棚为纸面石膏板吊顶,顶高度达9.3米;地面选用石材;墙面为饰面或艺术玻璃。

 

The ceiling of the building’s lobby is surfaced
with plasterboards at a top height of 9.3 meters; the floor is paved with stone materials; and the walls are surfaced with ornamental
facing or art glass.

 

6.          办公区域的装修标准,包括天花,墙身,地面等,型号,功能,牌子:

 Renovation Standards for Office Areas,
including ceilings, walls, floors, and related models, features and brands:

 

办公区地面为架空网络地板,适合现代办公灵活的综合布线要求;顶棚选用优质矿棉板吊顶,墙柱面为壁纸墙面。

 

    	74

    	 

    

 

OA cablefloor is installed throughout office spaces,
which meets the requirements of modern offices with flexible cable layout. High-quality mineral wool boards are installed on the
ceilings and supporting walls are finished with wallpapers.

 

7.          洗手间的装修标准,包括天花,墙身,地面,洁具等,型号,功能,牌子:

 Renovation Standards for restrooms, including
ceilings, walls, floors, and related models, features and brands:

 

卫生间地面选用高档石材铺贴,墙面为石材、艺术玻璃及壁纸,顶棚选用轻钢龙骨石膏板吊顶,刷多乐士乳胶漆;卫生间隔断选用威盛亚的高档胡桃木饰面,洁具选用TOTO系列产品。

 

Restrooms’ floor is paved with high-end stone
materials, and their walls are finished with stone, art glass and wallpaper. Light-steel-framed gypsum boards are installed on
the suspended ceilings, finished with top-quality Dulux emulsion paint; Wilsonart walnut tiling is applied to the restroom compartments
and restroom fixtures are selected series from TOTO products.

 

8.          相关配套设备情况,包括消防,电话,网络,监控,供电,照明等:

 Auxiliary fixtures and equipment, including
fire protection, telephones, network, monitoring system, power supply, lighting, etc.:

 

相关配套设备有:Relevant
auxiliary systems are:

 

消防自动化系统
Fire-fighting Automation System

 

电话系统
Telephone system

 

计算机宽带网络系统
Computer Wide-Band Network system

 

双路供电:双路供电,容量满足负荷要求
Dual Power Supply: Capacity meets load demands.

 

智能化系统
Intelligent system

 

楼宇可视对讲机安居防范系统
Building Visual Intercom and Safe Living System

 

保安闭路监控系统
Security Guard Closed-Circuit Video Monitoring System

 

出入口控制系统
Entrance/Exit Control System

 

    	75

    	 

    

 

电子巡更系统
Electronic Night Patrol System

 

停车场管理系统
Parking Lot Management System

 

紧急广播与背景音乐系统
Emergency Announcement and Background Music System

 

有线电视系统
Cable Television System

 

物业管理计算机化
Computerized Property Management

    	76MERGER AND SHARE EXCHANGE AGREEMENT

 

dated

 

August 24, 2012

 

by and among

 

China VantagePoint Acquisition Company,
a Cayman Islands company,

 

as the Parent,

 

BDH Acquisition Corp., a Delaware corporation,

 

as the Purchaser,

 

and

 

Black Diamond Holdings LLC, a Colorado limited
liability company,

 

as the Company,

 

the Class A Members listed on Schedule I,

 

as the Class A Members,

 

the Preferred Members listed on Schedule
I,

 

as the Preferred Members and

 

Black Diamond Financial
Group, LLC, a Delaware limited liability company,

 

as the Manager of the
Company

 

    	 

    	 

    

 

TABLE OF CONTENTS

 

	 	 	Page
	 	 	 
	ARTICLE I DEFINITIONS	2
	 	 
	ARTICLE II REDOMESTICATION MERGER	13
	2.1	Redomestication Merger	13
	2.2	Redomestication Effective Time	13
	2.3	Effect of the Redomestication Merger	13
	2.4	Memorandum and Articles of Association	14
	2.5	Directors and Officers of the Surviving Corporation	14
	2.6	Effect on Issued Securities of Parent.	14
	2.7	Surrender of Certificates	16
	2.8	Lost Stolen or Destroyed Certificates	16
	2.9	Section 368 Reorganization	17
	2.10	Taking of Necessary Action; Further Action	17
	2.11	Dissenter’s Rights	17
	2.12	Agreement of Fair Value	18
	 	 	 
	ARTICLE III PURCHASE AND SALE	18
	3.1	Unit Exchange	18
	3.2	Section 351 Transaction	18
	3.3	Closing	18
	3.4	Board of Directors	19
	 	 	 
	ARTICLE IV REPRESENTATIONS AND WARRANTIES OF THE COMPANY, THE CLASS A MEMBERS AND THE MANAGER	19
	4.1	Corporate Existence and Power	19
	4.2	Authorization	20
	4.3	Governmental Authorization	20
	4.4	Non-Contravention	20
	4.5	Capitalization	21
	4.6	Certificate of Formation and Operating Agreement	21
	4.7	Corporate Records	22
	4.8	Third Parties	22
	4.9	Assumed Names	22
	4.10	Subsidiaries and Portfolio Companies	22
	4.11	Consents	23
	4.12	Financial Statements	23
	4.13	Books and Records	24
	4.14	Absence of Certain Changes	25
	4.15	Properties; Title to the Companies’ Assets	27
	4.16	Litigation	27
	4.17	Contracts	28
	4.18	Insurance	30

 

    	i

    	 

    

 

TABLE OF CONTENTS (CONTINUED)

 

	 	 	Page
	 	 	 
	4.19	Licenses and Permits	30
	4.20	Compliance with Laws	31
	4.21	Intellectual Property	31
	4.22	Customers and Suppliers	33
	4.23	Accounts Receivable and Payable; Loans	34
	4.24	Pre-payments	34
	4.25	Employees	34
	4.26	Employment Matters	35
	4.27	Withholding	37
	4.28	Employee Benefits and Compensation	37
	4.29	Real Property	39
	4.30	Accounts	40
	4.31	Tax Matters	41
	4.32	Environmental Laws	43
	4.33	Finders’ Fees	43
	4.34	Powers of Attorney and Suretyships	43
	4.35	Directors and Officers	44
	4.36	Other Information	44
	4.37	Certain Business Practices	44
	4.38	Money Laundering Laws	44
	4.39	OFAC	44
	4.40	Mining Property	45
	4.41	Mining Operations	45
	4.42	Absence of Reduction in Reserves and Mineralized Material	45
	4.43	Not an Investment Company	45
	4.44	No Capital Commitments	45
	 	 	 
	ARTICLE V REPRESENTATIONS AND WARRANTIES OF THE PREFERRED MEMBERS	45
	5.1	Authorization	46
	5.2	Governmental Authorization	46
	5.3	Non-Contravention	46
	5.4	Consents	46
	 	 	 
	ARTICLE VI REPRESENTATIONS AND WARRANTIES OF THE CLASS A MEMBERS AND THE PREFERRED MEMBERS	46
	6.1	Own Account	46
	6.2	Signatory Member Status	47
	6.3	Experience of Such Signatory Member	47
	6.4	General Solicitation	47
	6.5	Additional Representations and Warranties of Members	47
	6.6	Certain Transactions and Confidentiality	47

 

    	ii

    	 

    

 

TABLE OF CONTENTS (CONTINUED)

 

	 	 	Page
	 	 	 
	ARTICLE VII Status of Schedules as of Signing Date; Survival of Representations and Warranties	48
	7.1	Status of Schedules as of Signing Date	48
	 	 	 
	ARTICLE VIII REPRESENTATIONS AND WARRANTIES OF PARENT	48
	8.1	Corporate Existence and Power	48
	8.2	Corporate Authorization	48
	8.3	Governmental Authorization	48
	8.4	Non-Contravention	49
	8.5	Finders’ Fees	49
	8.6	Capitalization	49
	8.7	Information Supplied	49
	8.8	Trust Fund	49
	8.9	Listing	50
	8.10	Board Approval	50
	8.11	Parent SEC Documents and Purchaser Financial Statements	50
	8.12	Ownership of Payment Shares	51
	8.13	Purchaser	51
	8.14	Authorized Capital of Purchaser	51
	8.15	Certain Business Practices	51
	8.16	Money Laundering Laws	51
	8.17	OFAC	52
	 	 	 
	ARTICLE IX COVENANTS OF THE COMPANY, CLASS A MEMBERS AND THE MANAGER PENDING CLOSING	52
	9.1	Conduct of the Business	52
	9.2	Access to Information	54
	9.3	Notices of Certain Events	54
	9.4	Exclusivity	55
	9.5	Annual and Interim Financial Statements	56
	9.6	SEC Filings.	56
	9.7	Financial Information	57
	9.8	Trust Account	57
	9.9	Employees of the Company and the Manager	57
	9.10	Application for Permits	57
	9.11	Affiliate Loans and Guarantees	57
	9.12	Audited and Reviewed Financial Statements	58
	 	 	 
	ARTICLE X COVENANTS OF THE COMPANY, THE CLASS A MEMBERS AND THE MANAGER	58
	10.1	Reporting and Compliance with Laws	58
	10.2	Injunctive Relief	58
	10.3	Best Efforts to Obtain Consents	58

 

    	iii

    	 

    

 

TABLE OF CONTENTS (CONTINUED)

 

	 	 	Page
	 	 	 
	ARTICLE XI COVENANTS OF ALL PARTIES HERETO	59
	11.1	Best Efforts; Further Assurances	59
	11.2	Tax Matters	59
	11.3	Settlement of Purchaser Liabilities	60
	11.4	Compliance with SPAC Agreements	61
	11.5	Registration Statement	61
	11.6	Confidentiality	61
	11.7	Additional Signatory Members	61
	11.8	Post-Closing Registration Statement	62
	 	 	 
	ARTICLE XII CONDITIONS TO CLOSING	62
	12.1	Condition to the Obligations of the Parties	62
	12.2	Conditions to Obligations of Parent and Purchaser	62
	12.3	Conditions to Obligations of the Company, the Class A Members and the Manager	65
	 	 	 
	ARTICLE XIII INDEMNIFICATION	66
	13.1	Indemnification of Purchaser	66
	13.2	Indemnification of the Company and the Members	66
	13.3	Procedure	67
	13.4	Periodic Payments	68
	13.5	Right of Set Off	69
	13.6	Payment of Indemnification	69
	13.7	Insurance	69
	13.8	Survival of Indemnification Rights	69
	 	 	 
	ARTICLE XIV DISPUTE RESOLUTION	70
	14.1	Arbitration	70
	14.2	Waiver of Jury Trial; Exemplary Damages	71
	 	 	 
	ARTICLE XV TERMINATION	72
	15.1	Termination Without Default	72
	15.2	Termination Upon Default	72
	15.3	Survival	72
	 	 	 
	ARTICLE XVI MISCELLANEOUS	72
	16.1	Notices	72
	16.2	Amendments; No Waivers; Remedies	73
	16.3	Arm’s length bargaining; no presumption against drafter	74
	16.4	Publicity	74
	16.5	Expenses	74
	16.6	No Assignment or Delegation	74
	16.7	Governing Law	74
	16.8	Counterparts; facsimile signatures	74
	16.9	Entire Agreement	75

 

    	iv

    	 

    

 

TABLE OF CONTENTS (CONTINUED)

 

	 	 	Page
	 	 	 
	16.10	Setoff	75
	16.11	Severability	75
	16.12	Construction of certain terms and references; captions	75
	16.13	Further Assurances	76
	16.14	Third Party Beneficiaries	76
	16.15	Waiver	76

 

    	v

    	 

    

 

MERGER AND SHARE EXCHANGE AGREEMENT

 

This MERGER AND SHARE
EXCHANGE AGREEMENT (the “Agreement”), dated as of August 24, 2012 (the “Signing Date”), by
and among China VantagePoint Acquisition Company, a Cayman Islands company (the “Parent”), BDH Acquisition Corp.,
a Delaware Corporation and a wholly-owned subsidiary of Parent (the “Purchaser”), Black Diamond Holdings LLC,
a Colorado limited liability company (the “Company”), the Class A members of the Company listed on Schedule
I (each a “Class A Member” and collectively the “Class A Members”), the Preferred Members
of the Company listed on Schedule I (each a “Preferred Member” and collectively the “Preferred
Members”), and Black Diamond Financial Group, LLC, a Delaware limited liability company, the manager of the Company (the
“Manager”).

 

WITNESSETH:

 

		A.	The Company acquires controlling interests in and actively manages small and development-stage
companies. The Company currently owns and manages certain businesses as its subsidiaries, and holds minority interests in several
portfolio companies (referred to herein as “Subsidiaries” or “Portfolio Companies,” respectively (each
as defined below)).

 

The Company’s
Subsidiaries are engaged in the following lines of business:

 

		•	The exploration and development of gold mineral properties in Montana (Eastern Resources);

 

		•	The automated genotyping testing services of laboratory mice to mouse-breeding facilities and pharmaceutical
and medical researchers (TransnetYX);

 

		•	The development of the Charfuel® Coal Refining Process that uses only raw coal and air to produce
gasoline and other products associated with oil refining (Carbon Fuels);

 

		•	The operation of online wine retailer (RB Newco dba Barclays);

 

		•	The designer and producer of out of home video games and casino gaming products (Global VR);

 

		•	A Special Funding Vehicle formed for the purpose of making bridge capital loans to Rackwise, a
Portfolio Company engaged in the global distribution of enterprise software systems for managing and planning the physical assets
of datacenters (Rackwise Funding);

 

		•	The development of a proprietary oil & gas and mineral detection technology (Subterranean Mapping
Systems); and

 

    	 

    	 

    

 

		•	The development of a proprietary volatility model for stock options trading (Quant Strategies).

 

The foregoing
being referred to hereinafter collectively as the “Business”;

 

		B.	The Class A Members collectively own 100% of the issued and outstanding Class A Units (as defined
below) of the Company;

 

		C.	The Class A Members represent a Majority Interest (as defined in the Company’s Operating
Agreement) that is required to approve the Transaction;

 

		D.	The Preferred Members collectively own 42.64% of the issued and outstanding Preferred Units (as
defined below) of the Company;

 

		E.	The Parties acknowledge that certain of the Preferred Members may execute this Agreement after
the Signing Date on the same terms and conditions as contained in this Agreement on the Signing Date;

 

		F.	Parent owns all of the issued and outstanding shares of equity securities of the Purchaser, which
was formed for the sole purposes of the merger of the Parent with and into Purchaser, in which Purchaser will be the surviving
corporation (the “Redomestication Merger”), and the acquisition by the Purchaser of the Units of the Company
in accordance with and subject to the terms and conditions of this Agreement (the “Transaction”); and

 

		G.	The Redomestication Merger and the Transaction are part of the same integrated transaction, with
the Redomestication Merger occurring immediately prior to the Transaction.

 

The parties
accordingly agree as follows:

 

ARTICLE
I

DEFINITIONS

 

The following terms,
as used herein, have the following meanings:

 

1.1           “2012
Period” is defined in Section 4.22.

 

1.2           “Action”
means any legal action, suit, claim, investigation, hearing or proceeding, including any audit, claim or assessment for Taxes or
otherwise.

 

1.3           “Additional
Agreements” mean the Voting Agreement, Employment Agreements, Confidentiality and Non-Solicitation Agreements, Non-Compete
Agreements, Management Services Agreement and Registration Rights Agreement.

 

1.4           “Additional
Parent SEC Document” is defined in Section 8.12.

 

    	2

    	 

    

 

1.5           “Affiliate”
means, with respect to any Person, any other Person directly or indirectly Controlling, Controlled by, or under common Control
with such Person. For avoidance of any doubt, (a) with respect to all periods prior to the Closing, each Class A Member is an Affiliate
of each of the Companies, and (ii) with respect to all periods subsequent to the Closing, Purchaser is an Affiliate of each of
the Companies.

 

1.6           “Audited
Annual Financial Statements” is defined in Section 4.12(b).

 

1.7           
“Authority” means any governmental, regulatory or administrative body, agency or authority, any court or judicial
authority, any arbitrator, or any public, private or industry regulatory authority, whether international, national, Federal, state,
or local.

 

1.8           “Books
and Records” means all books and records, ledgers, employee records, customer lists, files, correspondence, and other
records of every kind (whether written, electronic, or otherwise embodied) owned or used by a Person or in which a Person’s
assets, the business or its transactions are otherwise reflected, other than stock books and minute books.

 

1.9           “Business”
is defined in the Recitals.

 

1.10         “Business
Day” means any day other than a Saturday, Sunday or a legal holiday on which commercial banking institutions in New York
are authorized to close for business.

 

1.11         “Charter
Documents” is defined in Section 2.4.

 

1.12         “Closing”
is defined in Section 3.4.

 

1.13         “Closing
Date” is defined in Section 3.4.

 

1.14         “COBRA”
means collectively, the requirements of Sections 601 through 606 of ERISA and Section 4980B of the Code.

 

1.15         “Code”
means the Internal Revenue Code of 1986, as amended.

 

1.16         “Commercial
Software” means any and all shrink-wrap licenses and other licenses for packaged software generally available to the
public and licensed to one or more of the Companies pursuant to an unnegotiated, non-exclusive end-user license.

 

1.17         “Company”
is defined in the Recitals.

 

1.18         “Companies”
means, collectively, the Company, the Subsidiaries, and the Portfolio Companies.

 

1.19         “Third
Party Consent” is defined in Section 4.11.

 

1.20         “Confidentiality
and Non-Solicitation Agreements” is defined in Section 8.9.

 

    	3

    	 

    

 

1.21         “Contracts”
means the Office Lease[s] and all contracts, agreements, leases (including equipment leases, car leases and capital leases), licenses,
commitments, client contracts, statements of work (SOWs), sales and purchase orders and similar instruments, oral or written, to
which any of the Companies is a party or by which any of its respective assets are bound, including any entered into by the Companies
in compliance with Section 8.1 after the Signing Date and prior to the Closing, and all rights and benefits thereunder, including
all rights and benefits thereunder with respect to all cash and other property of third parties under any of the Companies’
dominion or control.

 

1.22         “Control”
of a Person means the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies
of such Person, whether through the ownership of voting securities, by contract, or otherwise. “Controlled”, “Controlling”
and “under common Control with” have correlative meanings. Without limiting the foregoing a Person (the “Controlled
Person”) shall be deemed Controlled by (a) any other Person (the “10% Owner”) (i) owning beneficially, as meant
in Rule 13d-3 under the Exchange Act, securities entitling such Person to cast 10% or more of the votes for election of directors
or equivalent governing authority of the Controlled Person or (ii) entitled to be allocated or receive 10% or more of the profits,
losses, or distributions of the Controlled Person; (b) an officer, director, general partner, partner (other than a limited partner),
manager, or member (other than a member having no management authority that is not a 10% Owner ) of the Controlled Person; or (c)
a spouse, parent, lineal descendant, sibling, aunt, uncle, niece, nephew, mother-in-law, father-in-law, sister-in-law, or brother-in-law
of an Affiliate of the Controlled Person or a trust for the benefit of an Affiliate of the Controlled Person or of which an Affiliate
of the Controlled Person is a trustee.

 

1.23         “Dissenting
Shares” is defined in Section 2.6(a)(ii).

 

1.24         “Dissenting
Shareholders” is defined in Section 2.6(a)(ii).

 

1.25         “Employment
Agreements” is defined in Section 10.2(l).

 

1.26         “Environmental
Laws” shall mean all Laws that prohibit, regulate or control any Hazardous Material or any Hazardous Material Activity,
including, without limitation, the Comprehensive Environmental Response, Compensation, and Liability Act of 1980, the Resource
Recovery and Conservation Act of 1976, the Federal Water Pollution Control Act, the Clean Air Act, the Hazardous Materials Transportation
Act and the Clean Water Act.

 

1.27         “ERISA”
means the Employee Retirement Income Security Act of 1974, as amended, and the regulations thereunder.

 

1.28         “Exchange
Act” means the Securities Exchange Act of 1934, as amended.

 

1.29         “Excluded
Persons” is defined in Section 7.4.

 

1.30         “Expense
Agreement” is defined in Section 16.5.

 

1.31         “Financial
Statements” is defined in Section 4.12(b).

 

1.32         “FIRPTA
Certificate” is defined in Section 10.2(t).

 

    	4

    	 

    

 

1.33         “Governmental
Authority” shall mean any United States or foreign governmental authority, including any supranational, national, federal,
territorial, state, commonwealth, province, territory, county, municipality, district, local governmental jurisdiction of any nature
or any other governmental, self-regulatory or quasi-governmental authority.

 

1.34         “Hazardous
Material” shall mean any material, emission, chemical, substance or waste that has been designated by any Governmental
Authority to be radioactive, toxic, hazardous, a pollutant or a contaminant.

 

1.35         “Hazardous
Materials Activity” shall mean the transportation, transfer, recycling, storage, use, treatment, manufacture, removal,
remediation, release, exposure of others to, sale, labeling, or distribution of any Hazardous Material or any product or waste
containing a Hazardous Material, or product manufactured with ozone depleting substances, including, without limitation, any required
labeling, payment of waste fees or charges (including so-called e-waste fees) and compliance with any recycling, product take-back
or product content requirements.

 

1.36         “IPO”
means the initial public offering of Parent pursuant to a prospectus dated February 18, 2011.

 

1.37         “Indebtedness”
means with respect to any Person, (a) all obligations of such Person for borrowed money, or with respect to deposits or advances
of any kind (including amounts by reason of overdrafts and amounts owed by reason of letter of credit reimbursement agreements)
including with respect thereto, all interests, fees and costs, (b) all obligations of such Person evidenced by bonds, debentures,
notes or similar instruments, (c) all obligations of such Person under conditional sale or other title retention agreements relating
to property purchased by such Person, (d) all obligations of such Person issued or assumed as the deferred purchase price of property
or services (other than accounts payable to creditors for goods and services incurred in the ordinary course of business), (e)
all Indebtedness of others secured by (or for which the holder of such Indebtedness has an existing right, contingent or otherwise,
to be secured by) any lien or security interest on property owned or acquired by such Person, whether or not the obligations secured
thereby have been assumed, (f) all obligations of such Person under leases required to be accounted for as capital leases under
U.S. GAAP, (g) all guarantees by such Person and (h) any agreement to incur any of the same.

 

1.38         “Indemnification
Notice” is defined in Section 11.3(a).

 

1.39         “Indemnified
Party” is defined in Section 11.3.

 

1.40         “Indemnifying
Parties” is defined in Section 11.3(a).

 

    	5

    	 

    

 

1.41         “Intellectual
Property Right” means the intellectual property, confidential information, and proprietary information, owned, licensed,
used or held for use by a Person, including, but not limited to (a) any and all trademarks, logos, logotypes, and/or service marks,
including, but not limited to, any and all common law and statutory rights therein and therefor, and further including any and
all registrations thereof and applications for registration therefor, and all goodwill of the business associated therewith; (b)
any and all corporate names, Internet domain names, and/or trade names, including, but not limited to, any and all common law and
statutory rights therein and therefor, and further including any and all registrations thereof and applications for registration
therefor; (c) any and all know-how, trade secrets, confidential business information, and other proprietary information, including
without limitation, lists of customers and suppliers and potential customers and suppliers, pricing and cost information, business
and marketing plans and proposals, processes, techniques, designs, research and development information, technical information,
specifications, discoveries, notes, reports, drawings, works, devices, makes, models, works-in-progress, and creations, and any
and all work product therefor, including, but not limited to, any and all common law and statutory rights therein and therefor;
(d) any and all patents and patent applications (including all reissuances, continuations, continuations-in-part, revisions, extensions
and re-examinations thereof) and patent disclosures and inventions (whether or not patentable and whether or not reduced to practice);
(e) any and all copyrights, including, but not limited to, any and all common law and statutory rights therein and therefor, and
further including any and all copyright registrations thereof and applications for registration of copyright therefor; (f) any
and all computer programs, including operating systems, applications, routines, interface and algorithms, whether in source code
or object code; (g) databases and all information contained therein; and (h) all proprietary rights relating to any of the foregoing,
including, but not limited to, all causes of action, damages and remedies related thereto.

 

1.42         “Interim
Balance Sheet” is defined in Section 4.12(a).

 

1.43         “Interim
Balance Sheet Date” shall mean March 31, 2012.

 

1.44         “Interim
Financial Statements” is defined in Section 4.12(a).

 

1.45         “Inventory”
is defined in the UCC.

 

1.46         “Key
Personnel” means the employees of the Companies listed on Schedule 9.9.

 

1.47         “Labor
Agreements” is defined in Section 4.26(a).

 

1.48         “Law”
means any domestic or foreign, federal, state, municipality or local law, statute, ordinance, code, rule, or regulation.

 

1.49         “Lien”
means, with respect to any asset, any mortgage, lien, pledge, charge, security interest or encumbrance of any kind in respect of
such asset, and any conditional sale or voting agreement or proxy, including any agreement to give any of the foregoing.

 

1.50         “Loss(es)”
is defined in Section 11.1.

 

1.51         “M&A
Fee” means the cash fee in an amount equal to $600,000 held in the Trust Account, which EarlyBirdCapital, Inc. is entitled
to upon Closing in accordance with the terms of the Trust Agreement.

 

1.52         “Manager”
is defined in the Recitals.

 

    	6

    	 

    

 

1.53         “Management
Services Agreement” means the management services agreement between Black Diamond Holdings LLC and Black Diamond Financial
Group, LLC in form to be agreed to by the parties hereto.

 

1.54         “Material
Adverse Effect” or “Material Adverse Change” means a material adverse change
or a material adverse effect, individually or in the aggregate, upon on the assets, liabilities, condition (financial or
otherwise), prospects, net worth, management, earnings, cash flows, business, operations or properties of the Company and the Businesses,
taken as a whole, whether or not arising from transactions in the ordinary course of business.

 

1.55         “Material
Contracts” means the contracts, agreements and understanding listed on Schedule 1.55.

 

1.56         “Member
Indemnitees” is defined in Section 11.2.

 

1.57         “Member(s)”
has the same meaning as such term has in the Company’s Operating Agreement.

 

1.58         “Minimum
Trust Amount” is defined in Section 7.9.

 

1.59         “Money
Laundering Laws” is defined in Section 4.38.

 

1.60         “Non-Compete
Agreements” means the non-compete agreements to be signed between each of the Key Employees and the Purchaser, in form
to be agreed upon by the parties hereto.

 

1.61         “OFAC”
is defined in Section 4.39.

 

1.62         “Office
Lease[s]” means the lease[s] with respect to the office space lease by the Companies, as set forth on Schedule 4.29 attached
hereto, together with all fixtures and improvements erected on the premises leased thereby.

 

1.63         “Operating
Agreement” means the limited liability company agreement of the Company, including any and all amendments thereto.

 

1.64         “Order”
means any decree, order, judgment, writ, award, injunction, rule or consent of or by an Authority.

 

1.65         “Outside
Closing Date” is defined in Section 13.1.

 

1.66         “Outstanding
Permits” is defined in Section 7.10.

 

1.67         “Parent
Ordinary Shares” means the ordinary shares, par value $0.001 per share, of Parent.

 

1.68         “Parent
SEC Document” is defined in Section 6.12.

 

    	7

    	 

    

 

1.69         “Parent
Securities” means the Parent Ordinary Shares, Parent Warrants, Parent Subunits, Parent Units and Parent UPO, collectively.

 

1.70         “Parent
Subunits” means Parent’s subunits, consisting of one Parent Ordinary Share and one-half of a Parent Warrant.

 

1.71         “Parent
UPO” means the option issued to EarlyBirdCapital, Inc. and its affiliates, to purchase up to an aggregate of 175,000
Parent Units at a price of $6.60 per Parent Unit.

 

1.72         “Parent
Units” means Parent’s units, consisting of one Parent Subunit and one-half of a Parent Warrant.

 

1.73         “Parent
Warrant” means one whole warrant entitling the holder thereof to purchase one Parent Ordinary Share at a price of $5.00.
Each Parent Warrant will become exercisable upon the consummation of the Transaction and will expire on the earlier of (i) three
years from the date of the consummation of the Transaction, (ii) Parent’s liquidation if Parent has not completed a business
combination within certain time periods and (iii) the redemption of the Parent Warrants.

 

1.74         “Payment
Shares” is defined in Section 3.1.

 

1.75         “PBGC”
is defined in Section 4.28(b).

 

1.76         “Permits”
is defined in Section 4.19.

 

1.77         “Permitted
Liens” means (i) all defects, exceptions, restrictions, easements, rights of way and encumbrances disclosed in policies
of title insurance which have been made available to Purchaser; and (ii) mechanics’, carriers’, workers’, repairers’
and similar statutory Liens arising or incurred in the ordinary course of business for amounts (A) that are not delinquent, (B)
that are not material to the business, operations and financial condition of the Companies so encumbered,
either individually or in the aggregate, (C) not resulting from a breach, default or violation by any of the Companies of
any Contract or Law, and (D) the Liens set forth on Schedule 1.77.

 

1.78         “Person”
means an individual, corporation, partnership (including a general partnership, limited partnership or limited liability partnership),
limited liability company, association, trust or other entity or organization, including a government, domestic or foreign, or
political subdivision thereof, or an agency or instrumentality thereof.

 

1.79         “Plan”
is defined in Section 4.28(a).

 

1.80         “Portfolio
Companies” means those entities listed on Schedule 4.10 under the heading “Portfolio Companies.”

 

1.81         “Pre-Closing
Period” means any period that ends on or before the Closing Date or with respect to a period that includes but does not
end on the Closing Date, the portion of such period through and including the day of the Closing.

 

    	8

    	 

    

 

1.82         “Prospectus”
is defined in Section 14.15.

 

1.83         “Purchaser”
is defined in the Preamble.

 

1.84         “Purchaser
Common Stock” means the common stock of Purchaser.

 

1.85         “Purchaser
Indemnitees” is defined in Section 11.1.

 

1.86         “Purchaser
Preferred Stock” means the Series A preferred stock of Purchaser the terms of which will be mutually agreed upon by the
parties hereto. The Purchaser Preferred Stock shall have the following rights, privileges and preferences:

 

Scenario
A – less than 100% of the Preferred Members are Signatory Members:

 

		·	90% of the available cash of the Purchaser shall be paid as a dividend on a quarterly basis until
each share of Purchaser Preferred Stock has received $12 per share and an aggregate of $25 million has been distributed to the
shareholders of Purchaser Common Stock. Notwithstanding the foregoing, if the Company raises capital through a debt or equity financing,
such amounts will not be distributed pursuant to this paragraph, and provided further that such funds will be used first to pay
for expenses and capital expenditures.

 

		·	Purchaser Preferred Shareholders will receive 100% of dividends until such time as they have received
$6. Thereafter Purchaser Preferred will receive 50% of dividends and common shareholders will receive 50% of dividends until such
time as Purchaser Preferred Shareholders receive an additional $6, or a total of $12.

 

		·	Immediately after receiving an aggregate of $12 per share, the Purchaser Preferred Stock will automatically
convert into Purchaser Common Stock at the then applicable conversion ratio. The Purchaser Preferred Stock may convert into Purchaser
Common Stock at the option of the holder at the then applicable conversion ratio.

 

		·	The initial conversion ratio is 1 for 1, subject to customary adjustments. In the event that the
Purchaser Preferred Stock has not converted into Purchaser Common Stock by the three (3) year anniversary of the Closing, the then
applicable conversion ratio will double.

 

		·	Liquidation preference is $12 per share of Purchaser Preferred Stock. After $12 per share of Purchaser
Preferred Stock is paid, the Purchaser Preferred Stock will receive dividends on an as-converted basis.

 

		·	The Purchaser Preferred Stock will vote on an as-converted basis with the Purchaser Common Stock.

 

    	9

    	 

    

 

		·	The Purchaser will be prohibited from using more than 10% of available cash on a quarterly basis
to (i) make or allow any investment or capital expenditure, and (ii) make or allow any payment to the Manager or its affiliates,
each until each share of Purchaser Preferred Stock has received $12 per share and an aggregate of $25 million has been distributed
to the holders of Purchaser Common Stock. Notwithstanding the foregoing, if the Company raises capital through a debt or equity
financing, such amounts will not be distributed pursuant to this paragraph, and provided further that such funds will be used first
to pay for expenses and capital expenditures.

 

		·	The Purchaser will not be able to issue any securities senior to the Purchaser Preferred Stock
without the approval of 90% of the outstanding shares of Purchaser Preferred Stock.

 

		·	The Purchaser Preferred Stock may not be amended without the approval of 90% of the outstanding
shares of Purchaser Preferred Stock.

 

Scenario
B – 100% of the Preferred Members are Signatory Members:

 

		·	50% of available cash shall be distributed to Purchaser Preferred Shareholders until such time
as they have received $12 per share. Notwithstanding the foregoing, if the Company raises capital through a debt or equity financing,
such amounts will not be distributed pursuant to this paragraph, and provided further that such funds will be used first to pay
for expenses and capital expenditures.

 

		·	Immediately after receiving an aggregate of $12 per share, the Purchaser Preferred Stock will automatically
convert into Purchaser Common Stock at the then applicable conversion ratio. The Purchaser Preferred Stock may convert into Purchaser
Common Stock at the option of the holder at the then applicable conversion ratio.

 

		·	The initial conversion ratio is 1 for 1, subject to customary adjustments. In the event that the
Purchaser Preferred Stock has not converted into Purchaser Common Stock by the three (3) year anniversary of the Closing, the then
applicable conversion ratio will double.

 

		·	Liquidation preference is $12 per share of Purchaser Preferred Stock. After $12 per share of Purchaser
Preferred Stock is paid, the Purchaser Preferred Stock will receive dividends on an as-converted basis.

 

		·	The Purchaser Preferred Stock will vote on an as-converted basis with the Purchaser Common Stock.

 

    	10

    	 

    

 

		·	The Purchaser will be prohibited from using more than 50% of available cash on a quarterly basis
to (i) make or allow any investment or capital expenditure, and (ii) make or allow any payment to the Manager or its affiliates,
each until each share of Purchaser Preferred Stock has received $12 per share. Notwithstanding the foregoing, if the Company raises
capital through a debt or equity financing, such amounts will not be distributed pursuant to this paragraph, and provided further
that such funds will be used first to pay for expenses and capital expenditures.

 

		·	The Purchaser will not be able to issue any securities senior to the Purchaser Preferred Stock
without the approval of 90% of the outstanding shares of Purchaser Preferred Stock.

 

		·	The Purchaser Preferred Stock may not be amended without the approval of 90% of the outstanding
shares of Purchaser Preferred Stock.

 

1.87         “Purchaser
Securities” means the Purchaser Common Stock, Purchaser Preferred Stock, Purchaser Warrants, Purchaser Subunits, Purchaser
Units and Purchaser UPO, collectively.

 

1.88         “Purchaser
Subunits” is defined in Section 3.6(c).

 

1.89         “Purchaser
Units” is defined in Section 3.6(d).

 

1.90         “Purchaser
UPO” is defined in Section 3.6(e).

 

1.91         “Purchaser
Warrants” is defined in Section 3.6(b).

 

1.92         “Real
Property” means, collectively, all real properties and interests therein (including the right to use), together with
all buildings, fixtures, trade fixtures, plant and other improvements located thereon or attached thereto; all rights arising out
of use thereof (including air, water, oil and mineral rights); and all subleases, franchises, licenses, permits, easements and
rights-of-way which are appurtenant thereto.

 

1.93         “Redomestication
Effective Time” is defined in Section 3.2.

 

1.94         “Redomestication
Surviving Corporation” is defined in Section 3.1.

 

1.95         “Registration
Rights Agreement” means that certain registration rights agreement to be entered into by Purchaser and the Signatory
Members.

 

1.96         “Restrictive
Covenants” is defined in Section 8.2.

 

1.97         “Sarbanes-Oxley
Act” means the Sarbanes-Oxley Act of 2002, as amended.

 

1.98         “SEC”
means the Securities and Exchange Commission.

 

1.99         “Securities
Act” means the Securities Act of 1933, as amended.

 

    	11

    	 

    

 

1.100         “Short
Sales” means all “short sales” as defined in Rule 200 of Regulation SHO under the Exchange Act (but shall
not be deemed to include the location and/or reservation of borrowable shares of Common Stock).

 

1.101         “Signatory
Members” means the Class A Members and Preferred Members that are a party to this Agreement, as updated from time to
time pursuant to Section 11.7.

 

1.102         “Six
Month Interim Financial Statements” is defined in Section 4.12(b).

 

1.103         “Subsidiary”
means each entity of which at least fifty percent (50%) of the capital stock or other equity or voting securities are Controlled
or owned, directly or indirectly, by the Company.

 

1.104         “Tangible
Personal Property” means all tangible personal property and interests therein, including machinery, computers and accessories,
furniture, office equipment, communications equipment, automobiles, trucks, forklifts and other vehicles owned or leased by the
Company or any of its Subsidiaries and other tangible property, including the items listed on Schedule 5.15.

 

1.105         “Tax(es)”
means any federal, state, local or foreign tax, charge, fee, levy, custom, duty, deficiency, or other assessment of any kind or
nature imposed by any Taxing Authority (including any income (net or gross), gross receipts, profits, windfall profit, sales, use,
goods and services, ad valorem, franchise, license, withholding, employment, social security, workers compensation, unemployment
compensation, employment, payroll, transfer, excise, import, real property, personal property, intangible property, occupancy,
recording, minimum, alternative minimum, environmental or estimated tax), including any liability therefor as a transferee (including
under Section 6901 of the Code or similar provision of applicable Law) or successor, as a result of Treasury Regulation Section
1.1502-6 or similar provision of applicable Law or as a result of any Tax sharing, indemnification or similar agreement, together
with any interest, penalty, additions to tax or additional amount imposed with respect thereto.

 

1.106         “Taxing
Authority” means the Internal Revenue Service and any other Authority responsible for the collection, assessment or imposition
of any Tax or the administration of any Law relating to any Tax.

 

1.107         “Tax
Return” means any return, information return, declaration, claim for refund or credit, report or any similar statement,
and any amendment thereto, including any attached schedule and supporting information, whether on a separate, consolidated, combined,
unitary or other basis, that is filed or required to be filed with any Taxing Authority in connection with the determination, assessment,
collection or payment of a Tax or the administration of any Law relating to any Tax.

 

1.108         “Third-Party
Claim” is defined in Section 11.3(a).

 

1.109         “Trust
Account” is defined in Section 6.9.

 

1.110         “Trust
Agreement” is defined in Section 6.9.

 

    	12

    	 

    

 

1.111         “Trust
Fund” is defined in Section 6.9.

 

1.112         “Trustee”
is defined in Section 6.9.

 

1.113         “UCC”
means the Uniform Commercial Code of the State of New York, or any corresponding or succeeding provisions of Laws of the State
of New York, or any corresponding or succeeding provisions of Laws, in each case as the same may have been and hereafter may be
adopted, supplemented, modified, amended, restated or replaced from time to time.

 

1.114         “Unaudited
Annual Financial Statements” is defined in Section 4.12(a).

 

1.115         “Units”
is defined in Section 4.5.

 

1.116         “U.S.
GAAP” means U.S. generally accepted accounting principles, consistently applied.

 

1.117         “Voting
Agreement” is defined in Section 3.5(a).

 

1.118         “Warranty
Claims” is defined in Section 4.40.

 

ARTICLE
II

REDOMESTICATION
MERGER

 

2.1           Redomestication
Merger.  At the Redomestication Effective Time, and subject to and upon
the terms and conditions of this Agreement, and in accordance with the applicable provisions of the Cayman Islands Companies Law
(2011 Revision) (“Cayman Law”) and the Delaware General Corporation Law (“Delaware Law”), respectively,
Parent shall be merged with and into Purchaser, the separate corporate existence of Parent shall cease and Purchaser shall continue
as the surviving corporation. Purchaser as the surviving corporation after the Redomestication Merger is hereinafter sometimes
referred to as the “Redomestication Surviving Corporation.”

 

2.2           Redomestication
Effective Time.  The parties hereto shall cause the Redomestication Merger
to be consummated by filing the Certificate of Merger with the Secretary of State of the State of Delaware, in accordance with
the relevant provisions of Delaware Law, and the Plan of Merger (and other documents required by Cayman Law) with the Registrar
of Companies in the Cayman Islands, in accordance with the relevant provisions of Cayman Law (the time of such filings, or such
later time as specified in the Certificate of Merger and the Plan of Merger, being the “Redomestication Effective Time”).

 

2.3           Effect
of the Redomestication Merger.  At the Redomestication Effective Time, the effect of the Redomestication Merger shall
be as provided in this Agreement, the Certificate of Merger, the Plan of Merger and the applicable provisions of Delaware Law and
Cayman Law. Without limiting the generality of the foregoing, and subject thereto, at the Redomestication Effective Time, all the
property, rights, privileges, agreements, powers and franchises, debts, liabilities, duties and obligations of the Parent and Purchaser
shall become the property, rights, privileges, agreements, powers and franchises, debts, liabilities, duties and obligations of
the Redomestication Surviving Corporation, which shall include the assumption by the Redomestication Surviving Corporation of any
and all agreements, covenants, duties and obligations of the Parent set forth in this Agreement to be performed after the Closing,
and all securities of the Redomestication Surviving Corporation issued and outstanding as a result of the conversion under Sections
2.6(b) and (d) hereof shall be listed on the public trading market on which the Parent Subunits may be trading at such time.

 

    	13

    	 

    
 

2.4           Memorandum
and Articles of Association.  At the Redomestication Effective Time, the Amended and Restated Memorandum and Articles
of Association of the Parent, as in effect immediately prior to the Effective Time, shall cease and the Certificate of Incorporation
and By-Laws of Purchaser (the “Charter Documents”), as in effect immediately prior to the Redomestication Effective
Time, shall be the Charter Documents of the Redomestication Surviving Corporation.

 

2.5           Directors
and Officers of the Surviving Corporation.  Immediately after the Redomestication Effective Time and prior to the
Closing of the Transaction, the board of directors of the Redomestication Surviving Corporation, shall be the board of directors
of the Parent immediately prior to the Redomestication Merger.

 

2.6           Effect
on Issued Securities of Parent.

 

(a)          Conversion
of Parent Ordinary Shares.

 

(i)          At
the Redomestication Effective Time, every issued and outstanding Parent Ordinary Share (other than those described in Section 2.6(f)
or Section 2.11 below) shall be converted automatically into one share of Purchaser Preferred Stock. At the Redomestication Effective
Time, all Parent Ordinary Shares shall cease to be outstanding and shall automatically be canceled and retired and shall cease
to exist. The holders of certificates previously evidencing Parent Ordinary Shares outstanding immediately prior to the Redomestication
Effective Time shall cease to have any rights with respect to such Parent Ordinary Shares, except as provided herein or by Law.
Each certificate previously evidencing Parent Ordinary Shares shall be exchanged for a certificate representing the same number
of Purchaser Preferred Stock upon the surrender of such certificate in accordance with Section 2.7. Notwithstanding anything herein
to the contrary, to the extent a Person is a holder of a Parent Ordinary Share that is included in a Parent Subunit, such Parent
Ordinary Share shall be converted pursuant to the provisions of Section 2.6(c) below.

 

(ii)         Each
certificate formerly representing Parent Ordinary Shares (other those described in Section 2.6(f) or Section 2.11 below) shall
thereafter represent only the right to receive the same number of shares of Purchaser Preferred Stock. Each certificate formerly
representing Parent Ordinary Shares (“Dissenting Shares”) owned by holders of Parent Ordinary Shares who have
validly exercised and not effectively withdrawn or lost their appraisal rights pursuant to Section 238 of the Cayman Law (“Dissenting
Shareholders”) shall thereafter represent only the right to receive the applicable payments set forth in Section 2.11,
unless and until such Dissenting Shareholder effectively withdraws its demand for, or loses its rights to, appraisal rights pursuant
to Section 238 of the Cayman Companies Law with respect to any Dissenting Shares.

 

    	14

    	 

    

 

(b)          Parent
Warrants. At the Redomestication Effective Time, each Parent Warrant shall be converted into one substantially equivalent warrant
to purchase Purchaser Common Stock (the “Purchaser Warrants”). At the Effective Time, the Parent Warrants shall
cease to be outstanding and shall automatically be canceled and retired and shall cease to exist. Each of the Purchaser Warrants
shall have, and be subject to, the same terms and conditions set forth in the applicable agreements governing the rights to purchase
Parent Ordinary Shares which are outstanding immediately prior to the Effective Time. At or prior to the Redomestication Effective
Time, Purchaser shall take all corporate action necessary to reserve for future issuance, and shall maintain such reservation for
so long as any of the Purchaser Warrants remain outstanding, a sufficient number of shares of Purchaser Common Stock for delivery
upon the exercise of such Purchaser Warrants. Notwithstanding anything herein to the contrary, to the extent a Person is a holder
of a Parent Warrant that is included in a Parent Subunit or Parent Unit, such Parent Warrant shall be converted pursuant to the
provisions of Section 2.6(c) or (d) below, as applicable.

 

(c)          Parent
Subunits. At the Redomestication Effective Time, every issued and outstanding Parent Subunit shall be converted automatically
into one subunit consisting of one share of Purchaser Preferred Stock and one-half of a warrant to purchase Purchaser Common Stock
(“Purchaser Subunit”). At the Redomestication Effective Time, all Parent Subunits shall cease to be outstanding
and shall automatically be canceled and retired and shall cease to exist. The holders of certificates previously evidencing Parent
Subunits outstanding immediately prior to the Redomestication Effective Time shall cease to have any rights with respect to such
Parent Subunits, except as provided herein or by Law. Each certificate previously evidencing Parent Subunits shall be exchanged
for a certificate representing the same number of Purchaser Subunits upon the surrender of such certificate in accordance with
Section 2.7. Notwithstanding anything herein to the contrary, to the extent a Person is a holder of a Parent Subunit that is included
in a Parent Unit, such Parent Subunit shall be converted pursuant to the provisions of Section 2.6(d) below.

 

(d)          Parent
Units. At the Redomestication Effective Time, every issued and outstanding Parent Unit shall be converted automatically into
one unit consisting of one Purchaser Subunit and one-half of a warrant to purchase Purchaser Common Stock (the “Purchaser
Units”). At the Redomestication Effective Time, all Parent Units shall cease to be outstanding and shall automatically
be canceled and retired and shall cease to exist. The holders of certificates previously evidencing Parent Units outstanding immediately
prior to the Redomestication Effective Time shall cease to have any rights with respect to such Parent Units, except as provided
herein or by Law. Each certificate previously evidencing Parent Units shall be exchanged for a certificate representing the same
number of Purchaser Units upon the surrender of such certificate in accordance with Section 2.7.

 

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(e)          Parent
Unit Purchase Option. At the Redomestication Effective Time, each Parent UPO shall be converted into one substantially equivalent
unit purchase option to purchase one Purchaser Unit (the “Purchaser UPO”). At the Redomestication Effective
Time, each Parent UPO shall cease to be outstanding and shall automatically be canceled and retired and shall cease to exist. Each
of the Purchaser UPOs shall have, and be subject to, the same terms and conditions set forth in the applicable agreements governing
the Parent UPOs that are outstanding immediately prior to the Effective Time. At or prior to the Redomestication Effective Time,
Purchaser shall take all corporate action necessary to reserve for future issuance, and shall maintain such reservation for so
long as any of the Purchaser UPOs remain outstanding, a sufficient number of shares of Purchaser Common Stock and Purchaser Preferred
Stock for delivery upon the exercise of such Purchaser UPOs and the exercise of the Purchaser Warrants included in such Purchaser
UPOs.

 

(f)          Cancellation
of Parent Ordinary Shares Owned by Parent. At the Redomestication Effective Time, if there are any Parent Ordinary Shares that
are owned by the Parent as treasury shares or any Parent Ordinary Shares owned by any direct or indirect wholly owned subsidiary
of the Parent immediately prior to the Effective Time, such shares shall be canceled and extinguished without any conversion thereof
or payment therefor.

 

(g)          Transfers
of Ownership. If any certificate for securities of Purchaser is to be issued in a name other than that in which the certificate
surrendered in exchange therefor is registered, it will be a condition of the issuance thereof that the certificate so surrendered
will be properly endorsed (or accompanied by an appropriate instrument of transfer) and otherwise in proper form for transfer and
that the person requesting such exchange will have paid to Purchaser or any agent designated by it any transfer or other Taxes
required by reason of the issuance of a certificate for securities of Purchaser in any name other than that of the registered holder
of the certificate surrendered, or established to the satisfaction of Purchaser or any agent designated by it that such tax has
been paid or is not payable.

 

(h)          No
Liability. Notwithstanding anything to the contrary in this Section 2.6, none of the Redomestication Surviving Corporation,
Purchaser or any party hereto shall be liable to any person for any amount properly paid to a public official pursuant to any applicable
abandoned property, escheat or similar law.

 

2.7           Surrender
of Certificates.  All securities issued upon the surrender of Parent Securities in accordance with the terms hereof, shall
be deemed to have been issued in full satisfaction of all rights pertaining to such securities, provided that any restrictions
on the sale and transfer of Parent Securities shall also apply to the Purchaser Securities so issued in exchange.

 

2.8           Lost
Stolen or Destroyed Certificates.  In the event any certificates shall have been lost, stolen or destroyed, Purchaser
shall issue in exchange for such lost, stolen or destroyed certificates or securities, as the case may be, upon the making of an
affidavit of that fact by the holder thereof, such securities, as may be required pursuant to Section 2.7; provided, however, that
Redomestication Surviving Corporation may, in its discretion and as a condition precedent to the issuance thereof, require the
owner of such lost, stolen or destroyed certificates to deliver a bond in such sum as it may reasonably direct as indemnity against
any claim that may be made against the Redomestication Surviving Corporation with respect to the certificates alleged to have been
lost, stolen or destroyed

 

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2.9           Section
368 Reorganization.  For U.S. federal income tax purposes, the Redomestication Merger is intended to constitute a
“reorganization” within the meaning of Section 368(a) of the Code. The parties to this Agreement hereby (i) adopt this
Agreement as a “plan of reorganization” within the meaning of Section 1.368-2(g) of the United States Treasury Regulations,
(ii) agree to file and retain such information as shall be required under Section 1.368-3 of the United States Treasury Regulations,
and (iii) agree to file all Tax and other informational returns on a basis consistent with such characterization. Notwithstanding
the foregoing or anything else to the contrary contained in this Agreement, the parties acknowledge and agree that no party is
making any representation or warranty as to the qualification of the Redomestication Merger as a reorganization under Section 368
of the Code or as to the effect, if any, that any transaction consummated on, after or prior to the Redomestication Effective Time
has or may have on any such reorganization status. Each of the parties acknowledge and agree that each (i) has had the opportunity
to obtain independent legal and tax advice with respect to the transactions contemplated by this Agreement, and (ii) is responsible
for paying its own Taxes, including any adverse Tax consequences that may result if the Redomestication Merger is determined not
to qualify as a reorganization under Section 368 of the Code.

 

2.10         Taking
of Necessary Action; Further Action.  If, at any time after the Redomestication Effective Time, any further action
is necessary or desirable to carry out the purposes of this Agreement and to vest the Redomestication Surviving Corporation with
full right, title and possession to all assets, property, rights, privileges, powers and franchises of the Parent and Purchaser,
the officers and directors of Parent and Purchaser are fully authorized in the name of their respective corporations or otherwise
to take, and will take, all such lawful and necessary action, so long as such action is not inconsistent with this Agreement.

 

2.11         Dissenter’s
Rights.  No person who has validly exercised their appraisal rights pursuant to Section 238 of the Cayman Companies
Law shall be entitled to receive the equivalent number of shares of Purchaser Preferred Stock with respect to the Dissenting Shares
owned by such Dissenting Shareholder unless and until such Dissenting Shareholder shall have effectively withdrawn or lost their
appraisal rights under the Cayman Law. Each Dissenting Shareholder shall be entitled to receive only the payment resulting from
the procedure set forth in Section 238 of the Cayman Companies Law with respect to the Dissenting Shares owned by such Dissenting
Shareholder. The Parent shall give the Purchaser (i) prompt notice of any written demands for appraisal, attempted withdrawals
of such demands, and any other instruments served pursuant to applicable Laws that are received by the Parent relating to any Dissenting
Shareholder’s rights of appraisal and (ii) the opportunity to direct all negotiations and proceedings with respect to demand
for appraisal under the Cayman Law. The Parent shall not, except with the prior written consent of Purchaser, voluntarily make
any payment with respect to any demands for appraisal, offer to settle or settle any such demands or approve any withdrawal of
any such demands.

 

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2.12         Agreement
of Fair Value.  Parent, Purchaser and the Company respectively agree that the consideration payable for the Parent
Ordinary Shares represents the fair value of such Parent Ordinary Shares for the purposes of Section 238(8) of the Cayman Law.

 

ARTICLE
III

PURCHASE
AND SALE

 

3.1           Unit
Exchange.  On the Closing Date, immediately after the Redomestication Merger, (x) (i) the Class A Members shall transfer
an aggregate of 100,000 Class A Units, representing all of the Class A Units of the Company, and (ii) the Preferred Members shall
transfer an aggregate of 313 Preferred Units, representing 42.64% of the Preferred Units of the Company, in each case to the Purchaser,
and (y) Purchaser shall issue an aggregate of 67,318,750 fully paid and nonassessable shares of Purchaser Common Stock and 1,304,167
fully paid and nonassessable shares of Purchaser Preferred Stock (the “Payment Shares”) to the Members in the
amount set forth on Schedule I.

 

3.2           Section
351 Transaction.  For U.S. federal income tax purposes, the Transaction is intended to constitute an exchange of
property for stock under Section 351 of the Code. The parties to this Agreement hereby (i) agree to file and retain such information
as shall be required under Section 1.351-3 of the United States Treasury Regulations, and (ii) agree to file all Tax and other
informational returns on a basis consistent with such characterization. Notwithstanding the foregoing or anything else to the contrary
contained in this Agreement, the parties acknowledge and agree that no party is making any representation or warranty as to the
qualification of the Transaction under Section 351 of the Code or as to the effect, if any, that any transaction consummated on,
after or prior to the Closing Date has or may have on any such transaction. Each of the parties acknowledge and agree that each
(i) has had the opportunity to obtain independent legal and tax advice with respect to the transactions contemplated by this Agreement,
and (ii) is responsible for paying its own Taxes, including any adverse Tax consequences that may result if the Transaction is
determined not to qualify under Section 351 of the Code.

 

3.3           Closing.  Subject
to the satisfaction or waiver of the conditions set forth in Article X, the closing (the “Closing”) of the Transaction
shall take place at the offices of Loeb & Loeb LLP, 345 Park Avenue, New York, New York 10154, on the third Business Day after
all the closing conditions to this Agreement have been satisfied or waived at 10:00 a.m. local time, or at such other date, time
or place as Purchaser and the Company may agree (the date and time at which the Closing is actually held being the “Closing
Date”). At the Closing:

 

(a)          Purchaser
shall deliver the Payment Shares in accordance with Section 3.1.

 

(b)          The
Signatory Members shall deliver to Purchaser instructions to the Company’s registrar and transfer agent that, at the Closing,
their Units be transferred to Purchaser, with all necessary transfer Tax and other revenue stamps, acquired at each Member’s
expense, affixed.

 

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3.4           Board
of Directors.  Immediately after the Closing, the Purchaser’s board of directors will consist of five (5) directors.
The Company shall designate three (3) persons to the Purchaser’s board of directors, at least one (1) of whom shall qualify
as an independent director under the Securities Act, and the rules of any applicable securities exchange. The Purchaser shall designate
two (2) designees, both of whom shall qualify as an independent director under the Securities Act, and the rules of any applicable
securities exchange. The parties to this Agreement shall enter into a voting agreement (the “Voting Agreement”) in
form agreed to by the parties hereto relating to nominees to the Purchaser’s board of directors.

 

ARTICLE
IV

REPRESENTATIONS
AND WARRANTIES OF

THE
COMPANY, THE CLASS A MEMBERS AND THE MANAGER

 

The Company, the Class
A Members and the Manager (the “Representing Parties”), jointly and severally, hereby represent and warrant to Purchaser
that, except as set forth in the corresponding schedule in the disclosure schedules attached hereto, each of the following representations
and warranties is true, correct and complete (i) regarding the Company, the Class A Members, the Manager, and the Subsidiaries,
and (ii) to the best knowledge of the Representing Parties, regarding the Portfolio Companies, as of the date of this Agreement
and as of the Closing Date. For purposes of this Article IV, the phrase “to the knowledge of the Company” or any phrase
of similar import shall be deemed to include the knowledge of the Manager.

 

4.1           Corporate
Existence and Power.  The Company is a limited liability company duly organized, validly existing and in good standing
under the Laws of the State of Colorado. Each Subsidiary and Portfolio Company is an entity duly organized, validly existing and
in good standing under the Laws of the jurisdiction of its formation set forth by its name on Schedule 4.1. Each of the Companies
has all power and authority, corporate and otherwise, and all governmental licenses, franchises, Permits, authorizations, consents
and approvals required to own and operate its properties and assets and to carry on its business as presently conducted and as
proposed to be conducted. Each of the Companies is duly qualified or licensed to do business as a foreign corporation or limited
liability company, as applicable, and is in good standing in each jurisdiction where the character of the property owned or leased
by it or the nature of its activities make such qualification necessary. Schedule 4.1 sets forth all jurisdictions in which each
of the Companies is qualified or licensed to do business as a foreign corporation or limited liability company, as applicable.
Each of the Companies has offices located only at the addresses set forth on Schedule 4.1. Except as set forth on Schedule 4.1,
other than the Transaction contemplated herein, none of the Companies has taken any action, adopted any plan, or made any agreement
or commitment in respect of any merger, consolidation, sale of all or substantially all of its assets, reorganization, recapitalization,
dissolution or liquidation.

 

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4.2           Authorization.

 

(a)          The
execution, delivery and performance by the Company of this Agreement and the Additional Agreements and the consummation by the
Company of the transactions contemplated hereby and thereby are within the corporate powers of the Company and have been duly authorized
by all necessary action on the part of the Company, including the approval of the Manager and the approval of the Majority Interest
(as such term is defined in the Company’s Operating Agreement) of the Members of the Company. This Agreement constitutes,
and, upon their execution and delivery, each of the Additional Agreements will constitute, a valid and legally binding agreement
of the Company enforceable against the Company in accordance with their respective terms, subject to bankruptcy, insolvency and
similar Laws affecting the enforceability of creditor rights generally and to general principals of equity.

 

(b)          Each
Class A Member has full legal capacity, power and authority to execute and deliver this Agreement and the Additional Agreements
to which such Class A Member is named as a party, to perform such Class A Member’s obligations hereunder and thereunder and
to consummate the transactions contemplated hereby and thereby. This Agreement has been, and the Additional Agreements to which
each Class A Member is named as a party, will be at the Signing Date and the Closing, as applicable, duly executed and delivered
by each Class A Member and this Agreement constitutes, and such Additional Agreements are, or upon their execution and delivery
at Closing will be, valid and legally binding agreements of each Class A Member, enforceable against each Class A Member in accordance
with their respective terms, subject to bankruptcy, insolvency and similar Laws affecting the enforceability of creditor’s
rights generally and to general principals of equity.

 

(c)          The
Manager has full legal capacity, power and authority to execute and deliver this Agreement and the Additional Agreements to which
such Manager is named as a party, to perform its obligations hereunder and thereunder and to consummate the transactions contemplated
hereby and thereby. This Agreement has been, and the Additional Agreements to which the Manager is named as a party, will be at
the Signing Date and the Closing, as applicable, duly executed and delivered by the Manager and this Agreement constitutes, and
such Additional Agreements are, or upon their execution and delivery at Closing will be, valid and legally binding agreements of
the Manager, enforceable against the Manager in accordance with their respective terms, subject to bankruptcy, insolvency and similar
Laws affecting the enforceability of creditor’s rights generally and to general principals of equity.

 

4.3           Governmental
Authorization.  Neither the execution, delivery nor performance by any of the Representing Parties of this Agreement
or any Additional Agreements requires any consent, approval, license or other action by or in respect of, or registration, declaration
or filing with, any Authority.

 

4.4           Non-Contravention.  None
of the execution, delivery or performance by the Company, any Class A Member, or the Manager of this Agreement or any Additional
Agreements does or will:

 

(a)          contravene
or conflict with the organizational or constitutive documents of any of the Companies, any Class A Member, or the Manager;

 

    	20

    	 

    

 

(b)          contravene
or conflict with or constitute a violation of any provision of any Law binding upon or applicable to any of the Companies, any
Class A Member, any of the Units, or the Manager;

 

(c)          constitute
a default under or breach of (with or without the giving of notice or the passage of time or both); violate; or give rise to any
right of termination, cancellation, amendment or acceleration of any right or obligation of any the Companies;

 

(d)          require
any payment or reimbursement by any of the Companies;

 

(e)          cause
a loss of any material benefit relating to the business to which any of the Companies is entitled under any provision of any Permit
or Contract (i) binding upon any of the Companies, or (ii) by which any of the Units or any of the Companies’ assets is or
may be bound; or

 

(f)          result
in the creation or imposition of any Lien (except for Permitted Liens) on any of the Units or any of the Companies’ assets.

 

4.5           Capitalization.  The
Company has an authorized capitalization consisting of 100,000 Class A Units, as defined in the Company’s Operating Agreement
(the “Class A Units”) and 725 Preferred Units, as defined in the Company’s Operating Agreement (the “Preferred
Units”, and, together with the Class A Units, the “Units”). All of the Units have been duly authorized
and validly issued, are fully paid and non-assessable and have not been issued in violation of any preemptive or similar rights
of any Person. All of the issued and outstanding Units of the Company are owned (and always have been owned) of record and beneficially
by the Members as set forth on Schedule I. Upon the Closing, the Purchaser shall receive good, valid and marketable title to all
Class A Units and 410 Preferred Units, free and clear of all Liens. No other class of membership units is authorized or outstanding.
Except as set forth on Schedule 4.5, there are no: (a) outstanding subscriptions, options, warrants, rights (including “phantom
stock rights”), calls, commitments, understandings, conversion rights, rights of exchange, plans or other agreements of any
kind providing for the purchase, issuance or sale of any Units of the Company, (b) agreements by any Class A Member or Preferred
Member with respect to any of the Units, including any voting trust, other voting agreement or proxy with respect thereto, or (c)
equity holder agreements between any of the Companies and its direct or indirect holders regarding the securities of such company.
The Company is seeking to issue $15 million of preferred membership units prior to the Closing.

 

4.6           Certificate
of Formation and Operating Agreement.  Copies of (a) the certificate of formation or incorporation,
as applicable, of each of the Companies, as certified by the Secretary of State of its state of incorporation or formation, and
(b) the operating agreement, bylaws or other applicable governing document, of each of the Companies shall, within 30 days
of the Signing Date, be delivered to Purchaser, and such copies shall be each true and complete copies of such instruments as amended
and in effect on such delivery date. None of the Companies is in default under or in violation of any provision of its governing
documents in any material respect.

 

    	21

    	 

    

 

4.7           Corporate
Records.  All proceedings occurring since January 1, 2009, of each of the Companies and all consents to actions taken
thereby, are accurately reflected in the minutes and records contained in the corporate minute books of each of the Companies.
The securities ledgers and securities transfer books of each of the Companies are complete and accurate in all material respects.
The Company has made available to Purchaser true and correct copies of all of the corporate minute books, the securities ledgers
and securities transfer books of each of the Companies.

 

4.8           Third
Parties.  Other than the Class A Members and the Manager, the Company is not Controlled by any Person and, other
than the Persons listed on Schedule 4.10, the Company is not in Control of any other Person. Schedule 4.8 lists each Contract to
which any of the Companies, on the one hand, and any Member or any Affiliate of any Member, on the other hand, is a party. Except
as set forth on Schedule 4.8, no Member or any Affiliate of any Member (i) own, directly or indirectly, in whole or in part, any
tangible or intangible property (including Intellectual Property Rights) that any of the Companies uses or the use of which is
necessary for the conduct of the Business or the ownership or operation of any of the Companies’ assets, or (ii) have engaged
in any transactions with any of the Companies. Schedule 4.8 sets forth a complete and accurate list of the ownership interest the
Manager, each Member and their respective Affiliates holds in each of the Companies.

 

4.9           Assumed
Names. Schedule 4.9 is a complete and correct list of all assumed or “doing business as” names currently or, since
January 1, 2009 used by the Companies, including names on any Websites. Since January 1, 2009, the Companies have not
used any name other than the names listed on Schedule 4.9 to conduct the Business. The Companies have filed appropriate “doing
business as” certificates in all applicable jurisdictions with respect to themselves.

 

4.10         Subsidiaries
and Portfolio Companies.

 

(a)          Except
as set forth on Schedule 4.10, the Company does not currently own, and since the Company’s inception has not owned, directly
or indirectly, securities or other ownership interests in any other entity. Schedule 4.10 sets forth the name of each Subsidiary
and Portfolio Company and the Company’s ownership interest in each Subsidiary and Portfolio Company listed therein. Except
as set forth on Schedule 4.10, the Company owns all of such interests in the Subsidiaries and Portfolio Companies and is not aware
of any dispute with respect to such ownership interests. Except as set forth on Schedule 4.10, none of the Company, any of
its Subsidiaries, or any of the Portfolio Companies is a party to any agreement relating to the formation of any joint venture,
association or other entity.

 

(b)          As
set forth on Schedule 4.10, the Company has provided Purchaser with (i) the authorized and outstanding capital stock or other security
interests, as the case may be, of each Subsidiary and each Portfolio Company, (ii) the type and number of securities held by the
Company in each Subsidiary and each Portfolio Company, and the Company’s percentage ownership of each Subsidiary and Portfolio
Company.

 

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4.11         Consents.  Except
as set forth on Schedule 4.11, no Contract (i) binding upon any of the Companies, the Manager, or any Class A Member; or (ii) by
which any of the Class A Units or any of the Companies’ assets are bound, requires a consent, approval, authorization, order
or other action of or filing with any Person as a result of the execution, delivery and performance of this Agreement or any of
the Additional Agreements or the consummation of the transactions contemplated hereby and thereby (each of the foregoing, a “Third
Party Consent”).

 

4.12         Financial
Statements.

 

(a)          Attached
hereto as Schedule 4.12 are (i) unaudited consolidated financial statements of the Company and its Subsidiaries as of and for the
fiscal years ended December 31, 2011 and 2010, consisting of the unaudited consolidated balance sheets as of such dates, the unaudited
consolidated income statements for the twelve (12) month periods ended on such dates, and the unaudited consolidated cash flow
statements for the twelve (12) month periods ended on such dates (the “Unaudited Annual Financial Statements”),
and (ii) the unaudited interim consolidated financial statements of the Company and its Subsidiaries for the three month interim
period ended March 31, 2012 (the “Balance Sheet Date”), consisting of the consolidated balance sheet as of such
date (the “Interim Balance Sheet”), the consolidated income statement for the three month period ended on such
date, and the consolidated cash flow statement for the three month period ended on such date (the “Interim Financial Statements”).

 

(b)          In
accordance with Section 9.12, the Company shall, within 30 days of the execution of this Agreement, deliver to the Parent and the
Purchaser (i) the audited consolidated financial statements of the Company and its Subsidiaries as of and for the fiscal years
ended December 31, 2011 and 2010, consisting of the audited consolidated balance sheets as of such dates, the audited consolidated
income statements for the twelve (12) month periods ended on such dates, and the audited consolidated cash flow statements for
the twelve (12) month periods ended on such dates (the “Audited Annual Financial Statements”) and (ii) interim consolidated
financial statements of the Company and its Subsidiaries for the six month interim period ended June 30, 2012, consisting of the
consolidated balance sheet as of such date, the consolidated income statement for the six month period ended on such date, and
the consolidated cash flow statement for the six month period ended on such date, which have been reviewed by the Company’s
auditors pursuant to Statement on Auditing Standards No. 100 (the “Six Month Interim Financial Statements” and
together with the Unaudited Annual Financial Statements, the Interim Financial Statements and the Audited Financial Statements,
the “Financial Statements”).

 

(c)          The
Financial Statements are complete and accurate and fairly present, in conformity with U.S. GAAP applied on a consistent basis,
the financial position of the Company and its Subsidiaries as of the dates thereof and the results of operations of the Company
and its Subsidiaries for the periods reflected therein subject, in the case of the Interim Financial Statements, to normal year-end
adjustments. The Financial Statements (i) were prepared from the books and records of the Company and its Subsidiaries; (ii) were
prepared on an accrual basis in accordance with U.S. GAAP consistently applied; (iii) contain and reflect all necessary adjustments
and accruals for a fair presentation of the Company and its Subsidiaries’ financial condition as of their dates including
for all warranty, maintenance, service and indemnification obligations; and (iv) contain and reflect adequate provisions for all
liabilities for all material Taxes applicable to the Company and its Subsidiaries with respect to the periods then ended. The Company
shall, within 30 days of the Signing Date, deliver to Purchaser complete and accurate copies of all “management letters”
received by it from its accountants and all responses since the Company’s inception by lawyers engaged by the Company and
its Subsidiaries to inquiries from its accountant or any predecessor accountants.

 

    	23

    	 

    

 

(d)          Except
as specifically disclosed, reflected or fully reserved against on the Interim Balance Sheet, and for liabilities and obligations
of a similar nature and in similar amounts incurred in the ordinary course of business since the date of the Interim Balance Sheet,
there are no liabilities, debts or obligations of any nature (whether accrued, fixed or contingent, liquidated or unliquidated,
asserted or unasserted or otherwise) relating to the Company or any of its Subsidiaries. All debts and liabilities, fixed or contingent,
which should be included under U.S. GAAP on the Interim Balance Sheet are included therein.

 

(e)          The
balance sheet included in the Interim Financial Statements accurately reflects the outstanding Indebtedness of the Company and
its Subsidiaries as of the date thereof. Except as set forth on Schedule 4.12, none of the Company or any of its Subsidiaries has
any Indebtedness.

 

(f)          All
financial projections delivered by or on behalf of the Company or the Manager to Purchaser with respect to the Business were prepared
in good faith using assumptions that the Company believes to be reasonable and, since March 30, 2012, neither the Company nor the
Manager is aware of the existence of any fact or occurrence of any circumstances that is reasonably likely to have an Material
Adverse Effect.

 

4.13         Books
and Records. The Company shall make all Books and Records of the Company available to Purchaser for its inspection and shall
deliver to Purchaser complete and accurate copies of all documents referred to in the Schedules to this Agreement or that Purchaser
otherwise has requested within 30 days from the Signing Date. All Contracts, documents, and other papers or copies thereof delivered
to Purchaser by or on behalf of the Company are accurate, complete, and authentic.

 

(a)          The
Books and Records accurately and fairly, in reasonable detail, reflect the transactions and dispositions of assets of and the providing
of services by the Company and its Subsidiaries. Each of the Companies maintains a system of internal accounting controls sufficient
to provide reasonable assurance that:

 

(i)          transactions
are executed only in accordance with the respective management’s authorization;

 

(ii)         all
income and expense items are promptly and properly recorded for the relevant periods in accordance with the revenue recognition
and expense policies maintained by the Company, as permitted by U.S. GAAP;

 

(iii)        access
to assets is permitted only in accordance with the respective management’s authorization; and

 

    	24

    	 

    

  

(iv)        recorded
assets are compared with existing assets at reasonable intervals, and appropriate action is taken with respect to any differences.

 

(b)          All
accounts, books and ledgers of each of the Companies have been properly and accurately kept and completed in all material respects,
and there are no material inaccuracies or discrepancies of any kind contained or reflected therein. Except as disclosed on Schedule
4.13(b), the Companies do not have any records, systems controls, data or information recorded, stored, maintained, operated or
otherwise wholly or partly dependent on or held by any means (including any mechanical, electronic or photographic process, whether
computerized or not) which (including all means of access thereto and therefrom) are not under the exclusive ownership (excluding
licensed software programs) and direct control of the Companies and which is not located at the relevant offices.

 

4.14         Absence
of Certain Changes. Since the Balance Sheet Date, each of the Companies has conducted the Business in the ordinary course
consistent with past practices. Without limiting the generality of the foregoing, except as set forth on Schedule 4.14, since
the Balance Sheet Date, there has not been:

 

(a)          any
Material Adverse Effect or any material diminishment in the value to Purchaser of the transactions contemplated hereby;

 

(b)          any
transaction, Contract or other instrument entered into, or commitment made, by any of the Companies relating to its business, or
any of the Companies’ assets (including the acquisition or disposition of any assets) or any relinquishment by any of the
Companies of any Contract or other right, in either case other than transactions and commitments in the ordinary course of business
consistent in all respects, including kind and amount, with past practices and those contemplated by this Agreement;

 

(c)          (i)
any redemption of, declaration, setting aside or payment of any dividend or other distribution with respect to any capital stock
or other equity interests in any of the Companies; (ii) any issuance by any of the Companies of shares of capital stock or other
equity interests in any of the Companies, or (iii) any repurchase, redemption or other acquisition, or any amendment of any term,
by any of the Companies of any outstanding shares of capital stock or other equity interests in such company;

 

(d)          (i)
any creation or other incurrence of any Lien other than Permitted Liens on any Units or any of the Companies’ assets, and
(ii) any making of any loan, advance or capital contributions to or investment in any Person by any of the Companies;

 

(e)          any
material personal property damage, destruction or casualty loss or personal injury loss (whether or not covered by insurance) affecting
the business or assets of any of the Companies, taken as a whole;

 

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(f)          increased
benefits payable under any existing severance or termination pay policies or employment agreements; entered into any employment,
deferred compensation or other similar agreement (or amended any such existing agreement) with any director, officer, manager or
employee of any of the Companies; established, adopted or amended (except as required by law) any bonus, profit-sharing, thrift,
pension, retirement, deferred compensation, compensation, stock option, restricted stock or other benefit plan or arrangement covering
any director, officer, manager or employee of any of the Companies; or increased any compensation, bonus or other benefits payable
to any director, officer, manager or employee of any of the Companies, other than increases to non-officer employees in the ordinary
course of business consistent with past practices;

 

(g)         any
material labor dispute, other than routine individual grievances, or any activity or proceeding by a labor union or representative
thereof to organize any employees of any of the Companies, which employees were not subject to a collective bargaining agreement
at the Balance Sheet Date, or any lockouts, strikes, slowdowns, work stoppages or threats thereof by or with respect to any employees
of any of the Companies;

 

(h)         any
sale, transfer, lease to others or otherwise disposition of any of its assets by any of the Companies except for inventory sold
in the ordinary course of business consistent with past practices or immaterial amounts of other Tangible Personal Property not
required by its business;

 

(i)          (i)
any amendment to or termination of any Material Contract, (ii) any amendment to any material license or material permit from any
Authority held by any of the Companies, (iii) any receipt of any notice of termination of any of the items referenced in (i) and
(ii); and (iv) a material default by any of the Companies under any Material Contract, or any material license or material permit
from any Authority held by any of the Companies;

 

(j)          any
capital expenditure by the Companies in excess in any fiscal month of an aggregate of $35,000 or entering into any lease of capital
equipment or property under which the annual lease charges exceed $50,000 in the aggregate by the Companies;

 

(k)         any
institution of litigation, settlement or agreement to settle any litigation, action, proceeding or investigation before any court
or governmental body relating to any of the Companies or their property or suffering of any actual or threatened litigation, action,
proceeding or investigation before any court or governmental body relating to any of the Companies or their property;

 

(l)          any
loan of any monies to any Person or guarantee of any obligations of any Person by any of the Companies;

 

(m)        except
as required by GAAP, any change in the accounting methods or practices (including, without limitation, any change in depreciation
or amortization policies or rates) of any of the Companies or any revaluation of any of the assets of any of the Companies;

 

(n)         amended
its organizational documents, or engaged in any merger, consolidation, reorganization, reclassification, liquidation, dissolution
or similar transaction;

 

(o)         acquired
the assets (other than acquisitions of inventory in the ordinary course of business consistent with past practice) or business
of any Person;

 

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(p)          any
material Tax election made by any of the Companies outside of the ordinary course of business consistent with past practice, or
any material Tax election changed or revoked by any of the Companies; any material claim, notice, audit report or assessment in
respect of Taxes settled or compromised by any of the Companies; any annual Tax accounting period changed by any of the Companies;
any Tax allocation agreement, Tax sharing agreement, Tax indemnity agreement or closing agreement relating to any Tax entered into
by any of the Companies; or any right to claim a material Tax refund surrendered by any of the Companies;

 

(q)          Since
the Balance Sheet Date through and including the date hereof, none of the Companies has taken any action nor has any event occurred
which would have violated the covenants of the Company set forth in Section 9.1 herein if such action had been taken or such event
had occurred between the date hereof and the Closing Date; or

 

(r)          any
commitment or agreement to do any of the foregoing.

 

4.15         Properties;
Title to the Companies’ Assets.

 

(a)          Except
as set forth on Schedule 4.15(a), the Tangible Personal Property have no defects, are in good operating condition and repair and
function in accordance with their intended uses (ordinary wear and tear excepted) and have been properly maintained, and are suitable
for their present uses and meet all specifications and warranty requirements with respect thereto.

 

(b)          Schedule
4.15(b) sets forth a description and location of each item of the Tangible Personal Properties, as of a date within five days of
the date of this Agreement. All of the Tangible Personal Properties are located at the offices of the Companies.

 

(c)          The
Companies have good, valid and marketable title in and to, or in the case of the Office Lease and the assets which are leased or
licensed pursuant to Contracts, a valid leasehold interest or license in or a right to use, all of their assets reflected on the
Interim Balance Sheet or acquired after March 31, 2012. Except as set forth on Schedule 4.15(c), no such asset is subject to any
Liens other than Permitted Liens. The Companies’ assets constitute all of the assets of any kind or description whatsoever,
including goodwill, for the Companies to operate the business of the Companies immediately after the Closing in the same manner
as the business of the Companies is currently being conducted.

 

4.16         Litigation.
Except as provided on Schedule 4.16, there is no Action (or any basis therefor) pending against, or, to the best knowledge of
the Representing Parties, threatened, against or affecting, any of the Companies or their assets or the Manager (solely with
respect to any Action against the Manager that relates to the Business) or any of their respective officers or directors, any
Class A Member, the Business, or the Company’s equity interest in its Subsidiaries’ or Portfolio Companies’
assets or any Contract before any court, Authority or official or which in any manner challenges or seeks to prevent, enjoin,
alter or delay the transactions contemplated hereby or by the Additional Agreements. Except as provided on Schedule 4.16,
there are no outstanding judgments against the Company, its Subsidiaries, Portfolio Companies, any Class A Member or the
Manager. Except as provided on Schedule 4.16, none of the Company nor any of its Subsidiaries is now, nor has it been in the
past three (3) years, subject to any proceeding with any Authority.

  

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4.17         Contracts.

 

(a)          Schedule
4.17(a) lists all material Contracts, oral or written (collectively, "Material Contracts") to which any of the Companies
is a party and which are currently in effect and constitute the following:

 

(i)          all
Contracts that require annual payments or expenses by, or annual payments or income to, the Companies of $50,000 or more (other
than standard purchase and sale orders entered into in the ordinary course of business consistent with past practice);

 

(ii)         all
sales, advertising, agency, lobbying, broker, sales promotion, market research, marketing or similar contracts and agreements,
in each case requiring the payment of any commissions by the Companies in excess of $50,000 annually;

 

(iii)        all
employment Contracts, employee leasing Contracts, and consultant and sales representatives Contracts with any current or former
officer, director, employee or consultant of any of the Companies or other Person, under which any of the Companies (A) has continuing
obligations for payment of annual compensation of at least $50,000 (other than oral arrangements for at-will employment), (B) has
severance or post termination obligations to such Person (other than COBRA obligations), or (C) has an obligation to make a payment
upon consummation of the transactions contemplated hereby or as a result of a change of control of any of the Companies;

 

(iv)        all
Contracts creating a joint venture, strategic alliance, limited liability company and partnership agreements to which any of the
Companies is a party;

 

(v)         all
Contracts relating to any acquisitions or dispositions of assets by any of the Companies;

 

(vi)        all
Contracts for material licensing agreements, including Contracts licensing Intellectual Property Rights, other than “shrink
wrap” licenses;

 

(vii)       all
Contracts relating to secrecy, confidentiality and nondisclosure agreements restricting the conduct of any of the Companies or
substantially limiting the freedom of any of the Companies to compete in any line of business or with any Person or in any geographic
area;

 

(viii)      all
Contracts relating to patents, trademarks, service marks, trade names, brands, copyrights, trade secrets and other Intellectual
Property Rights of any of the Companies;

 

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(ix)         all
Contracts providing for guarantees, indemnification arrangements and other hold harmless arrangements made or provided by the Companies,
including all ongoing agreements for repair, warranty, maintenance, service, indemnification or similar obligations;

 

(x)          all
Contracts with or pertaining to any of the Companies to which any Member or any Affiliate of any Member is a party;

 

(xi)         all
Contracts relating to property or assets (whether real or personal, tangible or intangible) in which any of the Companies hold
a leasehold interest (including the Leases) and which involve payments to the lessor thereunder in excess of $5,000 per month;

 

(xii)        all
Contracts relating to outstanding Indebtedness, including financial instruments of indenture or security instruments (typically
interest-bearing) such as notes, mortgages, loans and lines of credit;

 

(xiii)       any
Contract relating to the voting or control of the equity interests of any of the Companies or the election of directors of any
of the Companies (other than the Organizational Documents of the Companies);

 

(xiv)      any
Contract not cancellable by any of the Companies with no more than 60 days’ notice if the effect of such cancellation would
result in monetary penalty to the Companies in excess of $50,000 per the terms of such contract;

 

(xv)       any
Contract that can be terminated, or the provisions of which are altered, as a result of the consummation of the transactions contemplated
by this Agreement or any of the Additional Agreements to which the Company is a party; and

 

(xvi)      any
Contract for which any of the benefits, compensation or payments (or the vesting thereof) will be increased or accelerated by the
consummation of the transactions contemplated hereby or the amount or value thereof will be calculated on the basis of any of the
transactions contemplated by this Agreement.

 

(b)          Except
as set for the on Schedule 4.17(b), each Contract is a valid and binding agreement, and is in full force and effect, and none of
the Companies that is party thereto nor, to the Company’s best knowledge, any other party thereto, is in breach or default
(whether with or without the passage of time or the giving of notice or both) under the terms of any such Material Contract. Except
as set for the on Schedule 4.17(b), none of the Companies has assigned, delegated, or otherwise transferred any of its rights or
obligations with respect to any Material Contracts, or granted any power of attorney with respect thereto or to any of the Companies’
assets. Except as set for the on Schedule 4.17(b), no Contract (i) requires any of the Companies to post a bond or deliver any
other form of security or payment to secure its obligations thereunder or (ii) imposes any non-competition covenants that may be
binding on, or restrict the Business or require any payments by or with respect to Purchaser or any of its Affiliates. The Company
and Manager shall, within 30 days of the Signing Date, provide to Purchaser true and correct (A) fully executed copies of each
written Material Contract and (B) written summaries of each oral Material Contract.

 

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(c)          Except
as set forth on Schedule 4.17(c), none of the execution, delivery or performance by the Company of this Agreement or Additional
Agreements to which the Company is a party or the consummation by the Company of the transactions contemplated hereby or thereby
constitutes a default under or gives rise to any right of termination, cancellation or acceleration of any obligation of any of
the Companies or to a loss of any material benefit to which any of the Companies are entitled under any provision of any Material
Contract.

 

(d)          Except
as set for the on Schedule 4.17(d), each of the Companies is in compliance with all covenants, including all financial covenants,
in all notes, indentures, bonds and other instruments or agreements evidencing any Indebtedness.

 

4.18         Insurance.

 

(a)          Schedule
4.18 contains a true, complete and correct list (including the names and addresses of the insurers, the names of the Persons if
other than the Companies to whom such insurance policies have been issued, the expiration dates thereof, the annual premiums and
payment terms thereof, whether it is a “claims made” or an “occurrence” policy and a brief identification
of the nature of the policy) of all liability, property, workers’ compensation and other insurance policies currently in
effect that insure the property, assets or business of any of the Company or its Subsidiaries or their respective employees (other
than self-obtained insurance policies by such employees). Each such insurance policy is valid and binding and in full force and
effect, all premiums due thereunder have been paid and each of the Companies are in compliance in all material respects with the
terms and conditions of all such policies and none of the Companies has received any notice of cancellation or termination in respect
of any such policy or default thereunder. The Company believes such insurance policies, in light of the nature of the Company’s
Business, assets and properties, are in amounts and have coverage that are reasonable and customary for Persons engaged in such
business and having such assets and properties. To the knowledge of the Company, the Person to whom such policy has been issued,
has not received notice that any insurer under any policy referred to in this Section 4.18 is denying liability with respect to
a claim thereunder or defending under a reservation of rights clause. Except as set forth on Schedule 4.18, within the last two
(2) years none of the Companies has filed for any claims exceeding $100,000 against any of its insurance policies, exclusive of
automobile and health insurance policies.

 

(b)          None
of the Companies has received written notice from any of its insurance carriers or brokers that any premiums will be materially
increased in the future, and does not have any reason to believe that any insurance coverage listed on Schedule 4.18 will not be
available in the future on substantially the same terms as now in effect.

 

4.19         Licenses
and Permits. Schedule 4.19 correctly lists each license, franchise, permit, order or approval or other similar
authorization affecting, or relating in any way to, the Business, together with the name of the Authority issuing the same
(the “Permits”). Except as indicated on Schedule 4.19, such Permits are valid and in full force and
effect, and none of the Permits will, assuming the related Third Party Consent has been obtained or waived prior to the
Closing Date, be terminated or impaired or become terminable as a result of the transactions contemplated hereby. The
Companies have all Permits necessary to operate the Business. Each Portfolio Company has all Permits necessary to operate
their respective businesses.

  

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4.20         Compliance
with Laws. Except as set forth on Schedule 4.20(a), none of the Companies is in violation of, has violated, and to the Company’s
best knowledge, is neither under investigation with respect to nor has been threatened to be charged with or given notice of any
violation or alleged violation of, any Law, or judgment, order or decree entered by any court, arbitrator or Authority, domestic
or foreign, nor is there any basis for any such charge and within the last 24 months none of the Companies has received any subpoenas
by any Authority.

 

(a)          Without
limiting the foregoing paragraph, none of the Companies are in violation of, have not violated, and to the Company’s best
knowledge are under investigation with respect to nor has been threatened or charged with or given notice of any violation of any
provisions of:

 

(i)          Any
Law applicable due to the specific nature of the Business;

 

(ii)         the
Foreign Corrupt Practices Act;

 

(iii)        the
Ethics in Government Act;

 

(iv)        the
Lobbying Disclosure Act;

 

(v)         any
comparable or similar Law of any jurisdiction; or

 

(vi)        any
Law regulating or covering conduct in, or the nature of, the workplace, including regarding sexual harassment or, on any impermissible
basis, a hostile work environment.

 

Except as set forth
on Schedule 4.20(a), no permit, license or registration is required by the Companies in the conduct of their respective businesses
under any of the Laws described in this Section 4.20.

 

4.21         Intellectual
Property.

 

(a)          Each
of the Companies owns, free and clear of all Liens (except with respect to the Intellectual Property Licenses), other than Permitted
Liens, or otherwise possesses a valid right to use, all Intellectual Property Rights necessary to conduct its business as currently
operated. Schedule 4.21(a) sets forth a true, correct and complete list of all registered patents, trademarks, service marks, trade
names, Internet domain names and copyrights of each of the Companies and any applications for any of the foregoing (collectively,
"Registered Intellectual Property"), specifying as to each, as applicable: (i) the nature of such Intellectual Property
Right; (ii) the owner of such Intellectual Property Right; (iii) the jurisdictions by or in which such Intellectual Property Right
has been issued or registered or in which an application for such issuance or registration has been filed, including the respective
registration or application numbers; and (iv) all licenses, sublicenses and other agreements pursuant to which any Person is authorized
to use such Intellectual Property Right.

 

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(b)          Except
as set forth on Schedule 4.21(b), (A) all Registered Intellectual Property is currently in the name of one of the Companies (as
indicated on Schedule 4.21(a)) and is in full force and effect, (B) no Registered Intellectual Property that is the subject of
an application or registration has been canceled, abandoned, adjudicated invalid or otherwise terminated, and (C) all renewal and
maintenance fees in respect of the Registered Intellectual Property (if applicable) have been duly paid.

 

(c)          Schedule
4.21(c) includes a list of all (i) unregistered trademarks and service marks owned by each of the Companies and material to the
operation of the business of each of the Companies; (ii) software owned by each of the Companies and material to the operation
of the business of each of the Companies; and (iii) material licenses, sublicenses and other agreements as to which any of the
Companies is a party and (A) pursuant to which any of the Companies is authorized to use any Intellectual Property Rights of any
third party (excluding Commercial Software) ("Third Party Licenses") or (B) pursuant to which any third party is authorized
to use, sell, distribute or license any Intellectual Property Rights owned by any of the Companies or has been engaged to develop
any Intellectual Property Rights on behalf of any of the Companies, other than standard purchase orders for the purchase of any
products or services of any of the Companies and other than any such authorizations or engagements entered into by any of the Companies
in the ordinary course of business in accordance with past practice (together with the Third Party Licenses, "Intellectual
Property Licenses"). None of the Companies uses any Intellectual Property Rights of any third parties, other than Commercial
Software, except pursuant to any Third Party Licenses.

 

(d)          Within
the past three (3) years (or prior thereto if the same is still pending or subject to appeal or reinstatement), none of the Companies
have been sued or been a defendant in any claim, suit, action or proceeding relating to its business that involves or involved
a claim (i) of infringement or other violation of any patent, trademark, service mark, copyright or other Intellectual Property
Rights of any other Person, (ii) challenging the ownership, right to use or the validity of any Intellectual Property Rights owned
by or exclusively licensed to any of the Companies (collectively, the "Company Intellectual Property"); or (iii) opposing
or attempting to cancel any of the Companies' rights in the Company Intellectual Property. Except as set forth on Schedule 4.21(d),
to the Company's actual knowledge, there is no pending or threatened claim made by any Person and, during the three (3) years preceding
the date of this Agreement, no Person has made or threatened to make any claim, (i) that any of the Companies has infringed or
otherwise violated, or is infringing on or otherwise violating, any patent, trademark, service mark, copyright or other Intellectual
Property Right of such other Person, (ii) challenging the ownership, right to use or the validity of any Company Intellectual Property;
or (iii) opposing or attempting to cancel any of the Companies' rights in the Company Intellectual Property. To the actual knowledge
of the Company, no Person is infringing or otherwise violating any of the Company Intellectual Property. Except as set forth in
Schedule 4.21(d), none of the Companies is subject to any outstanding order, judgment, decree, stipulation or agreement restricting
the use of any Intellectual Property Rights owned by any of the Companies or restricting the licensing thereof by any of the Companies
to any Person

 

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(e)          Neither
the current use by the Companies or their Affiliates, of the Intellectual Property Rights infringes, nor the use by the Companies
or any of their Affiliates, of the Intellectual Property Rights after the Closing will infringe, the rights of any other Person.
Any Intellectual Property Right used by the Companies in the performance of any services under any Contract is, and upon the performance
of such Contract remains, owned by such company and no client, customer or other third-party has any claim of ownership on the
Intellectual Property Right.

 

(f)          Except
as disclosed on Schedule 4.21(f), all employees, agents, consultants or contractors who have contributed to or participated in
the creation or development of any Intellectual Property Rights, any copyrightable, patentable or trade secret material on behalf
of any of the Companies either: (i) is a party to a “work-for-hire” agreement under which the respective Company is
deemed to be the original owner/author of all property rights therein; or (ii) has executed an assignment or an agreement to assign
in favor of the respective Company (or such predecessor in interest, as applicable) all right, title and interest in such material.

 

(g)          None
of the execution, delivery or performance by the Company of this Agreement or any of the Additional Agreements to which the Company
is a party or the consummation by the Company of the transactions contemplated hereby or thereby will cause any material item of
Intellectual Property Rights owned, licensed, used or held for use by the Companies immediately prior to the Closing not to be
owned, licensed or available for use by the Companies on identical terms and conditions immediately following the Closing.

 

(h)          The
Companies have each taken reasonable measures to safeguard and maintain the confidentiality and value of all trade secrets and
other items of Company Intellectual Property that are confidential and all other confidential information, data and materials licensed
by the Companies or otherwise used in the operation of the businesses of any of the Companies.

 

(i)          No
government funding or university, college or other facilities of any institution of higher education were used in the development
of any Company Intellectual Property.

 

4.22         Customers
and Suppliers.

 

(a)          Schedule
4.22(a) sets forth a list of the Companies’ twenty-five (25) largest customers and the twenty-five (25) largest suppliers
as measured by the dollar amount of purchases therefrom or thereby, for the Company’s December 31, 2011 and 2010 fiscal years
and for the first six months of the Company’s December 31, 2012 fiscal year (such six month period, the “2012 Period”),
showing the approximate total sales by the Companies to each such customer and the approximate total purchases by the Companies
from each such supplier, during each such period.

 

(b)          Except
as indicated on Schedule 4.22(b), no supplier listed on Schedule 4.22(a) and, to the actual knowledge of the Company, no customer
listed on Schedule 4.22(a), has (i) terminated its relationship with any of the Companies, (ii) materially reduced its business
with any of the Companies or materially and adversely modified its relationship with the Companies as a whole, (iii) notified any
of the Companies in writing of its intention to take any such action, or (iv) to the Knowledge of the Company, become insolvent
or subject to bankruptcy proceedings.

 

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4.23         Accounts
Receivable and Payable; Loans.

 

(a)          All
accounts receivable and notes of the Companies reflected on the Financial Statements, and all accounts receivable and notes arising
subsequent to the date thereof, represent valid obligations arising from services actually performed or goods actually sold by
the Companies in the ordinary course of business consistent with past practice. The accounts payable of the Companies reflected
on the Financial Statements, and all accounts payable arising subsequent to the date thereof, arose from bona fide transactions
in the ordinary course consistent with past practice.

 

(b)          To
the best of the Company’s knowledge, there is no contest, claim, or right of setoff in any agreement with any maker of an
account receivable or note relating to the amount or validity of such account, receivables or note that could reasonably result
in a Material Adverse Effect. Except as set forth on Schedule 4.23(b), to the best knowledge of the Company all accounts, receivables
or notes are good and collectible in the ordinary course of business.

 

(c)          The
information set forth on Schedule 4.23(c) separately identifies any and all accounts, receivables or notes of the Company and its
Subsidiaries which are owed by any Affiliate of the Company or any of its Subsidiaries. Except as set forth on Schedule 4.23(c),
none of the Companies is indebted to any of its Affiliates and no Affiliates are indebted to the Companies..

 

4.24         Pre-payments.
Except as set forth on Schedule 4.24, none of the Companies has received any payments with respect to any services to be rendered
or goods to be provided after the Closing except in the ordinary course of business.

 

4.25         Employees.

 

(a)          Schedule
4.25(a) sets forth a true, correct and complete list of each of the employees and independent contractors of each of the Companies
as of March 30, 2012, setting forth the name, department, title, employment or engagement commencement date, current salary or
compensation rate for each such person and total compensation (including bonuses) paid to each such person for the fiscal year
ended December 31, 2011. Unless indicated in such list, no salaried employee or independent contractor included in such list (i)
is currently on leave, (ii) has given written notice of his or her intent to terminate his or her relationship with any of the
Companies, or (iii) has received written notice of such termination from any of the Companies. To the actual knowledge of the Companies,
no salaried employee or independent contractor (but specifically excluding all account executives) included in such list that earned
an aggregate amount of compensation in excess of $75,000 in the 2011 calendar year intends to terminate his or her relationship
with any of the Companies within six (6) months following the Closing Date. Schedule 4.25(a) sets forth all proceedings, governmental
investigations or administrative proceedings of any kind against any of the Companies of which such company has been notified regarding
its employees or employment practices, or operations as they pertain to conditions of employment within two (2) years preceding
the date of this Agreement.

 

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(b)          Except
for Key Employees and Existing Employment Agreements, the Representing Parties have not promised any employee, consultant or agent
of the Company and its Subsidiaries that he or she will continue to be employed by or render services to the Companies or receive
any particular benefits from any of the Companies or Purchaser, or any of their respective Affiliates on or after the Closing

 

(c)          Except
as set forth on Schedule 4.25(c), none of the Companies is a party to or subject to any employment contract, consulting agreement,
collective bargaining agreement, confidentiality agreement restricting the activities of the Companies, non-competition agreement
restricting the activities of the Companies, or any similar agreement, and there has been no activity or proceeding by a labor
union or representative thereof to organize any employees of the Companies.

 

(d)          There
are no pending or, to the knowledge of the Company, threatened claims or proceedings against any of the Companies under any worker's
compensation policy or long-term disability policy.

 

(e)          Except
as would not have a Material Adverse Effect, the Companies have properly classified all of their employees as exempt or non- exempt.

 

4.26         Employment
Matters.

 

(a)          Schedule
4.26(a) sets forth a true and complete list of every employment agreement (each an “Existing Employment Agreement”),
commission agreement, employee group or executive medical, life, or disability insurance plan, and each incentive, bonus, profit
sharing, retirement, deferred compensation, equity, phantom stock, stock option, stock purchase, stock appreciation right or severance
plan of the Company and its Subsidiaries and the Manager, to the extent that any such agreement relates to the Business of the
Company, now in effect or under which the Company and its Subsidiaries has or might have any obligation, or any understanding between
the Company and its Subsidiaries and any employee concerning the terms of such employee’s employment that does not apply
to the Company and its Subsidiaries or the Manager (to the extent such employment relates to that of the Company) employees generally
(collectively, “Labor Agreements”). Prior to Closing the Company has previously delivered to Purchaser copies
of each such Labor Agreement, any employee handbook or policy statement of the Company and its Subsidiaries, and complete and correct
information concerning the Company employees, including with respect to the (i) name, residence address; (ii) position; (iii) compensation;
(iv) vacation and other fringe benefits; (v) claims under any benefit plan; and (vii) resident alien status (if applicable). Schedule
4.26(a) sets forth a true and complete list of the names, addresses and titles of the directors, officers and managers of each
of the Company and its Subsidiaries.

 

(b)          Except
as disclosed on Schedule 4.26(b) as of Closing:

 

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(i)          All
employees of the Company, the Subsidiaries and the Manager, to the extent that the Manager has retained employees on behalf of
the Company, are employees at will, and the employment of each employee by the Company, its Subsidiaries or the Manager may be
terminated immediately by the Company, its Subsidiaries or the Manager as applicable, without any cost or liability except severance
in accordance with the Company, its Subsidiaries and the Manager’s standard severance practice as disclosed on Schedule 4.26(b);

 

(ii)         To
the best knowledge of the Company, no employee of the Company and its Subsidiaries or the Manager (solely with respect to the Company)
has any plan to terminate his or her employment now or in the near future, whether as a result of the transactions contemplated
hereby or otherwise;

 

(iii)        To
the best knowledge of the Company, no employee of the Company and its Subsidiaries or the Manager (solely with respect to the Company),
in the ordinary course of his or her duties, has breached or will breach any obligation to a former employer in respect of any
covenant against competition or soliciting clients or employees or servicing clients or confidentiality or any proprietary right
of such former employer; and

 

(iv)        The
Companies and the Manager are not a party to any collective bargaining agreement, has any material labor relations problems, and
there is no pending representation question or union organizing activity respecting employees of the Companies.

 

(c)          The
Company, its Subsidiaries and the Manager have complied in all material respects with all Labor Agreements and all applicable laws
relating to employment or labor. There is no legal prohibition with respect to the permanent residence of any employee of the Company
or its Subsidiaries in the United States or his or her permanent employment by the Company. Except as disclosed on Schedule 4.26(c),
no present or former employee, officer, director or manager of the Company or its Subsidiaries has, or will have at the Closing
Date, any material claim against the Company or its Subsidiaries for any matter including for wages, salary, or vacation or sick
pay, or otherwise under any Labor Agreement. All accrued obligations of the Company or its Subsidiaries applicable to its employees,
whether arising by operation of Law, by Contract, by past custom or otherwise, for payments by the Company or its Subsidiaries
to any trust or other fund or to any Authority, with respect to unemployment or disability compensation benefits, social security
benefits, under ERISA or otherwise, have been paid or adequate accruals have been made.

 

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4.27         Withholding.
Except as disclosed on Schedule 4.27, all obligations of the Company and its Subsidiaries, applicable to its employees, whether
arising by operation of Law, by contract, by past custom or otherwise, or attributable to payments by the Company or its Subsidiaries
to trusts or other funds or to any governmental agency, with respect to unemployment compensation benefits, social security benefits
or any other benefits for its employees with respect to the employment of said employees through the date hereof have been paid
or adequate accruals therefor have been made on the Financial Statements. Except as disclosed on Schedule 4.27, all reasonably
anticipated obligations of the Company and its Subsidiaries with respect to such employees (except for those related to wages
during the pay period immediately prior to the Closing Date and arising in the ordinary course of business), whether arising by
operation of Law, by contract, by past custom, or otherwise, for salaries and holiday pay, bonuses and other forms of compensation
payable to such employees in respect of the services rendered by any of them prior to the date hereof have been or will be paid
by the Company and its Subsidiaries prior to the Closing Date.

 

4.28         Employee
Benefits and Compensation.

 

(a)          Schedule
4.28 sets forth a true and complete list of each “employee benefit plan” (as defined in Section 3(3) of ERISA), bonus,
deferred compensation, equity-based or non-equity-based incentive, severance or other plan or written agreement relating to employee
or director benefits or employee or director compensation or fringe benefits, maintained or contributed to by the Company or its
Subsidiaries at any time during the 7-calendar year period immediately preceding the date hereof and/or with respect to which the
Company or its Subsidiaries could incur or could have incurred any direct or indirect, fixed or contingent liability (each a “Plan”
and collectively, the “Plans”). Each Plan is and has been maintained in substantial compliance with all applicable
laws, including but not limited to ERISA, and has been administered and operated in all material respects in accordance with its
terms.

 

(b)          Each
Plan which is intended to be “qualified” within the meaning of Section 401(a) of the Code, has received a favorable
determination letter from the Internal Revenue Service and, to the knowledge of the Manager and the Company, no event has occurred
and no condition exists which could reasonably be expected to result in the revocation of any such determination. No event which
constitutes a “reportable event” (as defined in Section 4043(c) of ERISA) for which the 30-day notice requirement has
not been waived by the Pension Benefit Guaranty Corporation (the “PBGC”) has occurred with respect to any Plan.
No Plan subject to Title IV of ERISA has been terminated or is or has been the subject of termination proceedings pursuant to Title
IV of ERISA. Full payment has been made of all amounts which the Company or any of its Subsidiaries was required under the terms
of the Plans to have paid as contributions to such Plans on or prior to the date hereof (excluding any amounts not yet due) and
no Plan which is subject to Part 3 of Subtitle B of Title I of ERISA has incurred an “accumulated funding deficiency”
(within the meaning of Section 302 of ERISA or Section 412 of the Code), whether or not waived.

 

(c)          Neither
the Company nor to the knowledge of the Manager and the Company, any other “disqualified person” or “party in
interest” (as defined in Section 4975(e)(2) of the Code and Section 3(14) of ERISA, respectively), has engaged in any transaction
in connection with any Plan that could reasonably be expected to result in the imposition of a penalty pursuant to Section 502(i)
of ERISA, damages pursuant to Section 409 of ERISA or a tax pursuant to Section 4975(a) of the Code. The Company or its Subsidiaries
has not maintained any Plan (other than a Plan which is intended to be “qualified” within the meaning of Section 401(a)
of the Code) which provides benefits with respect to current or former employees or directors following their termination of service
with the Company or its Subsidiaries (other than as required pursuant to COBRA). Each Plan subject to the requirements of COBRA
has been operated in substantial compliance therewith.

 

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(d)          No
individual will accrue or receive additional benefits, service or accelerated rights to payment of benefits as a direct result
of the Transaction. No material liability, claim, investigation, audit, action or litigation has been incurred, made, commenced
or, to the knowledge of the Manager and the Company, threatened, by or against any Plan or the Company or any of its Subsidiaries
with respect to any Plan (other than for benefits payable in the ordinary course and PBGC insurance premiums). No Plan or related
trust owns any securities in violation of Section 407 of ERISA. With respect to each Plan which is an “employee pension benefit
plan” (as defined in Section 3(2) of ERISA) as of the most recent actuarial valuation report prepared for each such Plan,
the aggregate present value of the accrued liabilities thereof (determined in accordance with Statement of Financial Accounting
Standards No. 35) did not exceed the aggregate fair market value of the assets allocable thereto.

 

(e)          No
Plan is a “multiemployer plan” (as defined in Section 4001(a)(3) of ERISA) and neither the Company nor any of the Subsidiaries
have not been obligated to contribute to any multiemployer plan. No material liability has been, or could reasonably be expected
to be, incurred under Title IV of ERISA (other than for PBGC insurance premiums payable in the ordinary course) or Section 412(f)
or (n) of the Code, by the Company or any entity required to be aggregated with the Company pursuant to Section 4001(b) of ERISA
and/or Section 414 (b), (c), (m) or (o) of the Code with respect to any “employee pension benefit plan” (as defined
in Section 3(2) of ERISA).

 

(f)          There
is no unfunded non-tax-qualified Plan which provides a pension or retirement benefit.

 

(g)          Neither
the Company nor any of its Subsidiaries has made any commitment to create or cause to exist any employee benefit plan which is
not listed on Schedule 4.28, or to modify, change or terminate any Plan (other than as may be necessary for compliance with applicable
law).

 

(h)          Neither
the Company nor any of its Subsidiaries has any plan, arrangement or agreement providing for “deferred compensation”
that is subject to Section 409A(a) of the Code, or any plan, arrangement or agreement that is subject to Section 409A(b) of the
Code.

 

(i)          With
respect to each Plan, the Company has delivered or caused to be delivered to Purchaser and its counsel true and complete copies
of the following documents, as applicable, for each respective Plan — (i) all Plan documents, with all amendments thereto;
(ii) the current summary plan description with any applicable summaries of material modifications thereto as well as any other
material employee or government communications; (iii) all current trust agreements and/or other documents establishing Plan funding
arrangements; (iv) the most recent IRS determination letter and, if a request for such a letter has been filed and is currently
pending with the IRS, a copy of such filing; (v) the three most recently prepared IRS Forms 5500; (vi) the three most recently
prepared financial statements; and (vii) all material related contracts, including without limitation, insurance contracts, service
provider agreements and investment management and investment advisory agreements.

 

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4.29         Real
Property.

 

(a)          Except
as set forth on Schedule 4.29(a), none of the Companies owns any Real Property nor have they owned any Real Property since January
1, 2009. The Companies have not agreed (and are not otherwise obligated) to purchase any real property and, except as may be set
forth in the Leases, they do not own an option to purchase any real property.

 

(b)          Schedule
4.29(b) lists all real estate in which any of the Companies owns, or otherwise has an interest in, any Real Property, including
under any Real Property lease, sublease, space sharing, license or other occupancy agreement (collectively the "Leased Real
Properties"). The Leased Real Properties constitute all of the real property currently used or occupied by the Companies in
connection with the businesses of the Companies as presently conducted. The Company has made available to the Purchaser a true,
complete and correct copy of each lease, sublease or any other material agreement pertaining to any of the Leased Real Properties
(collectively, the "Leases"). The applicable Company that is the lessee or sublessee under such Lease is the sole owner
of the lessee's or sublessee's interest in such Lease, and such Company has not encumbered or otherwise hypothecated any of its
interest therein.

 

(c)          Except
as set forth on Schedule 4.29(c), each Lease is in full force and effect and creates in favor of the Companies, as applicable,
a good, valid, subsisting and enforceable title to its respective leasehold estates in the applicable Leased Real Property, free
and clear of all Liens. None of the Companies has breached or violated any local zoning ordinance, and no notice from any Person
has been received by or served upon the applicable company and is outstanding, or to the actual knowledge of the Company, claiming
any violation of any local zoning ordinance, or, to the actual knowledge of the Company, threatened, and no claim, judicial suit
or proceeding or other adversarial action is pending or, to the actual knowledge of the Company, threatened by the Companies, as
applicable, listed as the lessee or sublessee under such Lease against the lessor under such Lease, or to the actual knowledge
of the Company, by the lessor under such Lease against such entity. The Companies have the right to use the Leased Real Properties
pursuant to the terms of the Leases and, to the Knowledge of the Company, there are no Liens on such Leased Real Properties (other
than Permitted Liens) that materially interfere with the Companies' business as presently conducted.

 

(d)          Except
as set forth on Schedule 4.29(d), none of the Companies has experienced any material interruption in the delivery of adequate quantities
of any utilities (including electricity, natural gas, potable water, water for cooling or similar purposes and fuel oil) or other
public services (including sanitary and industrial sewer service) required by any of the Companies in the operation of their respective
businesses.

 

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(e)          With
respect to the Office Lease: (i) it is valid, binding and in full force and effect; (ii) all rents and additional rents and other
sums, expenses and charges due thereunder have been paid; (iii) the lessee has been in peaceable possession since the commencement
of the original term thereof; (iv) no waiver, indulgence or postponement of the lessee’s obligations thereunder has been
granted by the lessor; (v) there exists no default or event of default thereunder by any of the Companies or, to the knowledge
of the Company and the Manager, by any other party thereto; (vi) there exists no occurrence, condition or act which, with the giving
of notice, the lapse of time or the happening of any further event or condition, would become a default or event of default by
any of the Companies thereunder; and (vii) there are no outstanding claims of breach or indemnification or notice of default or
termination thereunder. The Companies hold the leasehold estate on the Office Leases, free and clear of all Liens, except for Liens
of mortgagees of the Real Property in which such leasehold estate is located. The Real Property leased by the Companies is in a
state of maintenance and repair in all material respects adequate and suitable for the purposes for which it is presently being
used. The Companies are in physical possession and actual and exclusive occupation of the whole of the leased property, none of
which is subleased or assigned to another Person. The Office Leases lease all useable square footage of the premise located at
the leased Real Property.

 

(f)          The
Companies do not owe any brokerage commission with respect to any Real Property.

 

4.30         Accounts.
Schedule 4.30 sets forth a true, complete and correct list of the checking accounts, deposit accounts, safe deposit boxes, and
brokerage, commodity and similar accounts of the Company and its Subsidiaries, including the account number and name, the name
of each depositary or financial institution and the address where such account is located and the authorized signatories thereto.

 

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4.31         Tax
Matters.

 

(a)          (i)
The Company and its Subsidiaries has duly and timely filed all Tax Returns which are required to be filed by or with respect to
it, and has paid all Taxes which have become due; (ii) all such Tax Returns are true, correct and complete and accurate and disclose
all Taxes required to be paid; (iii) except as set forth on Schedule 4.31, all such Tax Returns have been examined by the relevant
Taxing Authority or the period for assessment for Taxes in respect of such Tax Returns has expired; (iv) there is no Action, pending
or proposed or, to the best knowledge of the Company, threatened, with respect to Taxes of the Company or any of its Subsidiaries
or for which a Lien may be imposed upon any of the Company’s or its Subsidiaries’ assets and, to the best of the Company’s
knowledge, no basis exists therefor; (v) no statute of limitations in respect of the assessment or collection of any Taxes of the
Company or any of its Subsidiaries for which a Lien may be imposed on any of the Company’s or any of its Subsidiaries’
assets has been waived or extended, which waiver or extension is in effect; (vi) the Company and each of its Subsidiaries, has
complied in all material respects with all applicable Laws relating to the reporting, payment, collection and withholding of Taxes
and has duly and timely withheld or collected, paid over to the applicable Taxing Authority and reported all Taxes (including income,
social, security and other payroll Taxes) required to be withheld or collected by the Company or such Subsidiary; (vii) the Transaction
is not subject to withholding under Section 1445 of the Code; (viii) no stock transfer Tax, sales Tax, use Tax, real estate transfer
Tax or other similar Tax will be imposed on the transfer of the Units to Purchaser pursuant to this Agreement or otherwise with
respect to or as a result of any transaction contemplated by this Agreement; (ix) none of the assets of the Company or any Subsidiary
is required to be treated as owned by another Person for income Tax purposes pursuant to Section 168(f)(8) of the Code (as in effect
prior to its amendment by the Tax Reform Act of 1986) or otherwise; (x) none of the assets of the Company or any Subsidiary is
“tax-exempt use property” within the meaning of Section 168(h) of the Code, “tax-exempt bond financed property”
within the meaning of Section 168(g)(5) of the Code, or subject to a “TRAC lease” under Section 7701(h) of the Code
(or any predecessor provision); (xi) there is no Lien for Taxes upon any of the assets of the Company or any of its Subsidiaries;
(xii) there is no outstanding request for a ruling from any Taxing Authority, request for a consent by a Taxing Authority for a
change in a method of accounting, subpoena or request for information by any Taxing Authority, or closing agreement (within the
meaning of Section 7121 of the Code or any analogous provision of applicable Law), with respect to the Company or any of its Subsidiaries;
(xiii) no claim has ever been made by a Taxing Authority in a jurisdiction where the Company or such Subsidiaries has not paid
any Tax or filed Tax Returns, asserting that the Company or such Subsidiary is or may be subject to Tax in such jurisdiction; (xiv)
the Company has provided to Purchaser true, complete and correct copies of all Tax Returns relating to, and all audit reports and
correspondence relating to each proposed adjustment, if any, made by any Taxing Authority with respect to, any taxable period ending
after December 31, 2007; (xv) there is no outstanding power of attorney from the Company or any of its Subsidiaries authorizing
anyone to act on behalf of the Company or any of its Subsidiaries in connection with any Tax, Tax Return or Action relating to
any Tax or Tax Return of the Company or any of its Subsidiaries; (xvi) none of the Company or any of its Subsidiaries is not, or
has ever been, a party to any Tax sharing or Tax allocation Contract; (xvii) none of the Company or any of its Subsidiaries is,
or has ever been, included in any consolidated, combined or unitary Tax Return; (xviii) to the knowledge of the Company, no issue
has been raised by a Taxing Authority in any prior Action relating to the Company or any of its Subsidiaries with respect to any
Tax for any period which, by application of the same or similar principles, could reasonably be expected to result in a proposed
Tax deficiency of the Company or any of its Subsidiaries for any other period; (xix) none of the Company or any of its Subsidiaries
has requested any extension of time within which to file any Tax Return, which Tax Return has since not been filed; (xx) none of
the Company or any of its Subsidiaries is a party to any Contract for services that would result, individually or in the aggregate,
in the payment of any amount that would not be deductible by the Company or such Subsidiary by reason of Section 162 or 404 of
the Code; (xxi) none of the Company or any of its Subsidiaries is a party to a Contract that requires or would upon the occurrence
of certain events require the Company or such Subsidiary to make a payment which would not be fully deductible under Section 280G
of the Code without regard to whether such payment is reasonable compensation for services rendered and without regard to any exception
that requires future action by any Person; (xxii) none of the Company or any of its Subsidiaries is a “consenting corporation”
within the meaning of Section 341(f) of the Code (as in effect prior to the repeal of such provision); (xxiii) none of the Company
or any of its Subsidiaries has ever made or been required to make an election under Section 336 or 338 of the Code; (xxiv) during
the last two years, none of the Company or any of its Subsidiaries has engaged in any exchange under which gain realized on the
exchange was not recognized under Section 1031 of the Code; (xxv) none of the Company or any of its Subsidiaries was a “distributing
corporation” or a “controlled corporation” under Section 355 of the Code in any transaction within the last two
years or pursuant to a plan or series of related transactions (within the meaning of Section 355(e) of the Code) with any transaction
contemplated by this Agreement; (xxvi) none of the Company or any of its Subsidiaries is, or has ever been, a “personal holding
company” (within the meaning of Section 542 of the Code), a stockholder in a “controlled foreign corporation”
(within the meaning of Section 957 of the Code), a “foreign personal holding company” (within the meaning of Section
552 of the Code as in effect prior to the repeal of such section), or a “passive foreign investment company” (within
the meaning of Section 1297 of the Code), or, except as set forth on Schedule 4.31, an owner in any entity treated as a partnership
or disregarded entity for U.S. federal income tax purposes; (xxvii) none of the outstanding indebtedness of the Company or any
of its Subsidiaries constitutes indebtedness to which any interest deduction may be limited or disallowed under Section 163(i),
(j) or (l), 265 or 279 of the Code (or any comparable provision of applicable Law); (xxviii) except as set forth on Schedule 4.31,
none of the Company or any of its Subsidiaries is or has been a “United States real property holding corporation” (within
the meaning of Code Section 897(c)(2)) at any time during the period specified in Section 897(c)(l)(A)(ii) of the Code; (xxix)
none of the Company or any of its Subsidiaries is or has been treated as a foreign corporation for U.S. federal income tax purposes,
(xxx) the Company and, except as set forth on Schedule 4.31, each of its Subsidiaries is and always has been treated as a partnership
for U.S. federal income tax purposes; (xxxi) immediately following the Transaction, the Purchaser will not constitute an “investment
company” for purposes of Section 351(e) of the Code and the Treasury Regulations promulgated thereunder; and (xxxii) immediately
after the Transaction, the Members will be in “control” of the Purchaser within the meaning of Sections 351(a) and
368(c) of the Code.

 

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(b)          None
of the Company or any of its Subsidiaries has entered into a “reportable transaction” (within the meaning of Section
6707A of the Code or Treasury Regulations §1.6011-4 or any predecessor thereof) or participated in any “nondisclosed
noneconomic substance transaction” within the meaning of Section 6662(i)(2) of the Code. In the case of any transaction that
could result in a “substantial understatement of income tax” (within the meaning of Section 6662(d) of the Code) of
the Company or any of its Subsidiaries if the claimed Tax treatment were disallowed, the Company or such Subsidiary has “substantial
authority” (within the meaning of Section 6662(d)of the Code) for the claimed treatment, or in the case of a transaction
other than a “tax shelter” (within the meaning of Section 6662(d)(2)(C)(ii) of the Code), has “adequately disclosed”
(within the meaning of Section 6662(d) of the Code) on its applicable income Tax Return the relevant facts affecting the Tax treatment
and there is a reasonable basis for such Tax treatment.

 

(c)          None
of the Company or any of its Subsidiaries is required to include any adjustment under Section 481 or 482 of the Code (or any corresponding
provision of applicable Law) in income for any period ending after the date of the Unaudited Annual Financial Statements. None
of the Company or any of its Subsidiaries will be required to include any item of income or exclude any item of deduction for any
taxable period ending after the Closing Date as a result of: (i) any intercompany transaction or excess loss account described
in Treasury Regulations under Section 1502 of the Code (or any corresponding provision of applicable Law); or (ii) use of an installment
sale, open transaction, income forecast or completed contract method of accounting with respect to any transaction that occurred
on or before the Closing Date.

 

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(d)          The
unpaid Taxes of the Company and its Subsidiaries (i) did not, as of the most recent fiscal month end, exceed the reserve for Tax
liability (rather than any reserve for deferred Taxes established to reflect timing differences between book and Tax income) set
forth on the Unaudited Annual Financial Statements and (ii) will not exceed that reserve as adjusted for the passage of time through
the Closing Date in accordance with the past custom and practice of the Company and its Subsidiaries in filing its Tax Return.

 

(e)          The
Class A Members understand that following the Closing, any FIRPTA Certificate or IRS Form W-9 delivered to Purchaser pursuant to
Section 9.2(q) will be retained by Purchaser, and will be made available to the Taxing Authorities upon request.

 

4.32         Environmental
Laws.

 

(a)          Except
as set forth in Schedule 4.32, none of the Companies have (i) received any written notice of any alleged claim, violation of or
Liability under any Environmental Law which has not heretofore been cured or for which there is any remaining liability; (ii) disposed
of, emitted, discharged, handled, stored, transported, used or released any Hazardous Materials, arranged for the disposal, discharge,
storage or release of any Hazardous Materials, or exposed any employee or other individual to any Hazardous Materials so as to
give rise to any Liability or corrective or remedial obligation under any Environmental Laws; or (iii) entered into any agreement
that may require it to guarantee, reimburse, pledge, defend, hold harmless or indemnify any other Person with respect to liabilities
arising out of Environmental Laws or the Hazardous Materials Activities of the Companies, except in each case as would not, individually
or in the aggregate, have a Material Adverse Effect.

 

(b)          The
Company and its Subsidiaries have delivered to Purchaser all material records in their possession concerning the Hazardous Materials
Activities of the Companies and all environmental audits and environmental assessments in the possession or control of the Companies
of any facility currently owned, leased or used by the Companies which identifies the potential for any violations of Environmental
Law or the presence of Hazardous Materials on any property currently owned, leased or used by the Companies.

 

(c)          Except
as set forth on Schedule 4.32(c), there are no Hazardous Materials in, on, or under any properties owned, leased or used at any
time by the Companies such as could give rise to any material liability or corrective or remedial obligation of the Company under
any Environmental Laws.

 

4.33         Finders’
Fees. Except as set forth on Schedule 4.33, there is no investment banker, broker, finder or other intermediary which has
been retained by or is authorized to act on behalf of the Companies, any Member or any of their Affiliates who might be entitled
to any fee or commission from Purchaser or any of its Affiliates (including the Company following the Closing) upon consummation
of the transactions contemplated by this Agreement.

 

4.34         Powers
of Attorney and Suretyships. Except as set forth on Schedule 4.34, neither the Company or its Subsidiaries have any
general or special powers of attorney outstanding (whether as grantor or grantee thereof) or any obligation or liability
(whether actual, accrued, accruing, contingent, or otherwise) as guarantor, surety, co-signer, endorser, co-maker, indemnitor
or otherwise in respect of the obligation of any Person.

   

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4.35         Directors
and Officers. Schedule 4.35 sets forth a true, correct and complete list of all directors and officers of each of the Companies.

 

4.36         Other
Information. Neither this Agreement nor any of the documents or other information made available to Purchaser or its Affiliates,
attorneys, accountants, agents or representatives pursuant hereto or in connection with Purchaser’s due diligence review
of the Business, the Units, any of the Companies’ assets or the transactions contemplated by this Agreement contains or
will contain any untrue statement of a material fact or omits or will omit to state a material fact necessary in order to make
the statements contained therein not misleading. The Company and the Manager provided Purchaser all requested material information
regarding the Business.

 

4.37         Certain
Business Practices. None of the Companies, nor any director, officer, agent or employee of any of the Companies (in their
capacities as such) has (i) used any funds for unlawful contributions, gifts, entertainment or other unlawful expenses relating
to political activity, (ii) made any unlawful payment to foreign or domestic government officials or employees, to foreign or
domestic political parties or campaigns or violated any provision of the Foreign Corrupt Practices Act of 1977 or (iii) made any
other unlawful payment. None of the Companies, nor any director, officer, agent or employee of the Companies (nor any Person acting
on behalf of any of the foregoing, but solely in his or her capacity as a director, officer, employee or agent of the Companies)
has, since January 1, 2000, directly or indirectly, given or agreed to give any gift or similar benefit in any material amount
to any customer, supplier, governmental employee or other Person who is or may be in a position to help or hinder the Companies
or assist the Companies in connection with any actual or proposed transaction, which, if not given could reasonably be expected
to have had a Material Adverse Effect on the Companies, or which, if not continued in the future, could reasonably be expected
to adversely affect the business or prospects of the Companies that could reasonably be expected to subject the Companies to suit
or penalty in any private or governmental litigation or proceeding.

 

4.38         Money
Laundering Laws. The operations of the Companies are and have been conducted at all times in compliance with laundering statutes
in all applicable jurisdictions, the rules and regulations thereunder and any related or similar rules, regulations or guidelines,
issued, administered or enforced by any governmental authority (collectively, the “Money Laundering Laws”),
and no Action involving any of the Companies with respect to the Money Laundering Laws is pending or, to the knowledge of the
Company, threatened.

 

4.39         OFAC.
None of the Companies, any director or officer of the Companies, or, to the knowledge of the Company, any agent, employee,
affiliate or Person acting on behalf of the Companies is currently identified on the specially designated nationals or other blocked
person list or otherwise currently subject to any U.S. sanctions administered by the Office of Foreign Assets Control of the U.S.
Treasury Department (the “OFAC”); and the Companies have not, directly or indirectly, used any funds, or loaned,
contributed or otherwise made available such funds to any subsidiary, joint venture partner or other Person, in connection with
any sales or operations in Cuba, Iran, Syria, Sudan, Myanmar or any other country sanctioned by OFAC or for the purpose of financing
the activities of any Person currently subject to, or otherwise in violation of, any U.S. sanctions administered by OFAC in the
last five (5) fiscal years.

 

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4.40         Mining
Property. With respect to the mining properties held by the Companies, the Companies have good and merchantable title to the
fee interests in, or a valid leasehold interest in the leases in, or valid claims (patented or unpatented) in, the mineral properties
or interests, including royalty interests and other legal or beneficial interests in minerals.

 

4.41         Mining
Operations. Except as set forth on Schedule 4.41, during the period of the Companies’ ownership of the mining properties,
and, to the best of their knowledge, during the period of prior ownership of the mining properties (i) none of the Companies nor
any of their respective Affiliates has incurred any liability, nor does a state of facts exist which could give rise to a liability
for damages, fines or levies as a result of any subsidence, water, air or other environmental contamination, conduct of mining
development and operations, or similar occurrences, which individually or in the aggregate, would constitute a Material Adverse
Effect; (ii) the mining operations conducted on the mining properties have been conducted in accordance with good miner/mining
practices, and in compliance with all applicable laws, regulations, ordinances, decrees and directives affecting the property
or the Business.

 

4.42         Absence
of Reduction in Reserves and Mineralized Material. There has been no reduction in the aggregate amount of reserves or in the
aggregate amount of mineralized material of the Companies, from the amounts set forth in Eastern Resource’s Current Report
on Form 8-K filed with the SEC on July 11, 2012, except for (i) such reductions in reserves that have resulted from production
in the ordinary course of business, (ii) such reductions in mineralized material that have resulted from reclassifications of
mineralized material as reserves or (iii) such reductions that, individually or in the aggregate, have not had and would not reasonably
be expected to have a Material Adverse Effect.

 

4.43         Not
an Investment Company. The Company is not an “investment company” within the meaning of the Investment Company
Act of 1940, as amended, and the rules and regulations promulgated thereunder.

 

4.44         No
Capital Commitments. None of the Companies has entered into any agreement or understanding, whether written or oral, obligating
it to make any additional capital contributions to any of the Portfolio Companies.

 

ARTICLE
V

REPRESENTATIONS AND WARRANTIES OF THE PREFERRED MEMBERS

 

The Preferred Members,
jointly and severally, hereby represent and warrant to Parent and Purchaser that each of the following representations and warranties
is true, correct and complete as of the Signing Date and as of the Closing Date:

 

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5.1           Authorization.
Each Preferred Member has full legal capacity, power and authority to execute and deliver this Agreement and the Additional Agreements
to which such Preferred Member is named as a party, to perform such Preferred Member’s obligations hereunder and thereunder
and to consummate the Transaction. This Agreement has been, and the Additional Agreements to which each Preferred Member is named
as a party, will be at Closing, duly executed and delivered by each Preferred Member and this Agreement constitutes, and such
Additional Agreements are, or upon their execution and delivery at Closing will be, valid and legally binding agreements of each
Preferred Member, enforceable against each Preferred Member in accordance with their respective terms, subject to bankruptcy,
insolvency and similar Laws affecting the enforceability of creditor’s rights generally and to general principals of equity.

 

5.2           Governmental
Authorization. Neither the execution, delivery nor performance by any Preferred Member of this Agreement or any Additional
Agreements requires any consent, approval, license or other action by or in respect of, or registration, declaration or filing
with, any Authority.

 

5.3           Non-Contravention.
None of the execution, delivery or performance by any Preferred Member of this Agreement or any Additional Agreements does or
will:

 

(a)          contravene
or conflict with the organizational or constitutive documents of any Preferred Member;

 

(b)          contravene
or conflict with or constitute a violation of any provision of any Law binding upon or applicable to any Preferred Member or any
of its Units; or

 

(c)          result
in the creation or imposition of any Lien (except for Permitted Liens) on any Preferred Units owned by any Preferred Member.

 

5.4           Consents.
No Contract binding upon any Preferred Member or by which any of the Preferred Units are bound, requires a consent, approval,
authorization, order or other action of or filing with any Person as a result of the execution, delivery and performance of this
Agreement or any of the Additional Agreements or the consummation of the transactions contemplated hereby and thereby.

 

ARTICLE
VI

REPRESENTATIONS AND WARRANTIES OF THE CLASS A MEMBERS AND THE PREFERRED MEMBERS

 

6.1           Own
Account. Each Signatory Member understands that the Payment Shares are “restricted securities” and have not
been registered under the Securities Act or any applicable state securities law and is acquiring the Payment Shares as
principal for its own account and not with a view to or for distributing or reselling such Payment Shares or any part thereof
in violation of the Securities Act or any applicable state securities law, has no present intention of distributing any of
such Payment Shares in violation of the Securities Act or any applicable state securities law and has no direct or indirect
arrangement or understandings with any other persons to distribute or regarding the distribution of such Payment Shares in
violation of the Securities Act or any applicable state securities law (this representation and warranty not limiting such
Signatory Member’s right to sell the Securities in compliance with applicable federal and state securities laws). Such
Signatory Member is acquiring the Payment Shares hereunder in the ordinary course of its business.

 

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6.2           Signatory
Member Status. At the time such Signatory Member was offered the Payment Shares, it was, and as of the date hereof it is,
either: (i) an “accredited investor” as defined in Rule 501(a)(1), (a)(2), (a)(3), (a)(7) or (a)(8) under the Securities
Act or (ii) a “qualified institutional buyer” as defined in Rule 144A(a) under the Securities Act. Such Signatory
Member is not required to be registered as a broker-dealer under Section 15 of the Exchange Act and such Signatory Member is not
a broker-dealer, nor an affiliate of a broker-dealer.

 

6.3           Experience
of Such Signatory Member. Such Signatory Member, either alone or together with its representatives, has such knowledge, sophistication
and experience in business and financial matters so as to be capable of evaluating the merits and risks of the prospective investment
in the Payment Shares, and has so evaluated the merits and risks of such investment. Such Signatory Member is able to bear the
economic risk of an investment in the Payment Shares and, at the present time, is able to afford a complete loss of such investment.

 

6.4           General
Solicitation. Such Signatory Member is not acquiring the Payment Shares as a result of any advertisement, article, notice
or other communication regarding the Payment Shares published in any newspaper, magazine or similar media or broadcast over television
or radio or presented at any seminar or any other general solicitation or general advertisement.

 

6.5           Additional
Representations and Warranties of Members. Each Signatory Member, severally and not jointly, further makes the representations
and warranties to the Purchaser set forth on Exhibit A.

 

6.6           Certain
Transactions and Confidentiality. Other than consummating the transactions contemplated hereunder, such Signatory
Member has not directly or indirectly, nor has any Person acting on behalf of or pursuant to any understanding with such Signatory
Member, executed any purchases or sales, including Short Sales, of the securities of Parent or Purchaser during the period
commencing as of the time that such Signatory Member first received a term sheet (written or oral) from the Company or any other
Person representing the Company setting forth the material terms of the transactions contemplated hereunder and ending immediately
prior to the execution hereof. Notwithstanding the foregoing, in the case of a Signatory Member that is a multi-managed investment
vehicle whereby separate portfolio managers manage separate portions of such Signatory Member’s assets and the portfolio
managers have no direct knowledge of the investment decisions made by the portfolio managers managing other portions of such Signatory
Member’s assets, the representation set forth above shall only apply with respect to the portion of assets managed by the
portfolio manager that made the investment decision to purchase the Payment Shares covered by this Agreement. Other than to other
Persons party to this Agreement, such Signatory Member has maintained the confidentiality of all disclosures made to it in connection
with this transaction (including the existence and terms of this transaction). Notwithstanding the foregoing, for avoidance of
doubt, nothing contained herein shall constitute a representation or warranty, or preclude any actions, with respect to the identification
of the availability of, or securing of, available shares to borrow in order to effect Short Sales or similar transactions in the
future.

 

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ARTICLE
VII

Status of Schedules as of Signing Date; Survival of Representations and Warranties

 

7.1           Status
of Schedules as of Signing Date.

 

(a)          To
the extent that any of the schedules to this Agreement are not provided to the Purchaser on the date of this Agreement, such schedules
shall be provided by the Company, the Class A Members and the Manager to the Purchaser within 30 days of the date of this Agreement.
The Purchaser shall have 15 days to either accept such schedules as final or provide a written request for revised schedules or
additional information relating to items included in such schedules, in the absence of which request the schedules shall be deemed
final. Each time additional information or revisions are requested, the Purchaser shall have 15 days after receipt of the revised
schedules to either accept such schedules as final or provide a written request for revised schedules or additional information
relating to items included in such schedules. The disclosure schedules shall be deemed final after the Purchaser has received the
schedules and does not comment on such draft of the schedules for 15 days after receipt.

 

(b)          Any
representations or warranties with respect to those matters or items in any schedule described in this Section 7.1 shall be made
(unless waived or amended) only as of the date on which such Schedule is deemed final pursuant to Section 7.1(a).

 

ARTICLE
VIII

REPRESENTATIONS AND WARRANTIES OF PARENT

 

Parent hereby represents
and warrants to the Company that, except as disclosed in the Parent SEC Documents:

 

8.1           Corporate
Existence and Power. Parent is a exempted company with limited liability duly incorporated on September 30, 2010, validly
existing and in good standing under the laws of the Cayman Islands.

 

8.2           Corporate
Authorization. The execution, delivery and performance by Parent of this Agreement and the Additional Agreements and the consummation
by Parent of the transactions contemplated hereby and thereby are within the corporate powers of Parent and have been duly authorized
by all necessary corporate action on the part of Parent. This Agreement has been duly executed and delivered by Parent and it
constitutes, and upon their execution and delivery, the Additional Agreements will constitute, a valid and legally binding agreement
of Parent, enforceable against it in accordance with its terms.

 

8.3           Governmental
Authorization. Other than as required under Cayman Law, neither the execution, delivery nor performance of this Agreement
requires any consent, approval, license or other action by or in respect of, or registration, declaration or filing with any Authority.

 

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8.4           Non-Contravention.
The execution, delivery and performance by Parent of this Agreement do not and will not (i) provided that holders of fewer than
the number of Parent Subunits specified in the Parent’s organizational documents exercise their redemption rights with respect
to such transaction, contravene or conflict with the organizational or constitutive documents of Parent, or (ii) contravene or
conflict with or constitute a violation of any provision of any Law, judgment, injunction, order, writ, or decree binding upon
Parent.

 

8.5           Finders’
Fees. Except for the M&A Fee, there is no investment banker, broker, finder or other intermediary which has been retained
by or is authorized to act on behalf of Parent or any of its Affiliates who might be entitled to any fee or commission from the
Company, the Members or any of their Affiliates upon consummation of the transactions contemplated by this Agreement or any of
the Additional Agreements.

 

8.6           Capitalization.
The authorized share capital of Parent consists of 50,000,000 Parent Ordinary Shares, and 5,000,000 preferred shares, par value
$0.001 per share, of which 3,552,991 Parent Ordinary Shares are issued and outstanding as of the date hereof and no preferred
shares are issued and outstanding. 5,605,289 Parent Ordinary Shares are reserved for issuance upon the exercise of the Parent
Warrants. 350,000 Parent Ordinary Shares are reserved for issuance upon the exercise of the Parent Units, including the Parent
Warrants, underlying the Parent UPO. All outstanding Parent Ordinary Shares are duly authorized, validly issued, fully paid and
nonassessable and not subject to or issued in violation of any purchase option, right of first refusal, preemptive right, subscription
right or any similar right under any provision of Cayman Law, the Parent’s organizational documents or any contract to which
Parent is a party or by which Parent is bound. Except as set forth in the Parent’s organizational documents and the Parent
SEC Documents, there are no outstanding contractual obligations of Parent to repurchase, redeem or otherwise acquire any Parent
Ordinary Shares or any capital equity of Parent. There are no outstanding contractual obligations of Parent to provide funds to,
or make any investment (in the form of a loan, capital contribution or otherwise) in, any other Person.

 

8.7           Information
Supplied. None of the information supplied or to be supplied by Parent expressly for inclusion or incorporation by reference
in the filings with the SEC and mailings to Parent’s stockholders with respect to the solicitation of proxies to approve
the Transaction will, at the date of filing and/ or mailing, as the case may be, contain any untrue statement of a material fact
or omit to state any material fact required to be stated therein or necessary in order to make the statements therein, in light
of the circumstances under which they are made, not misleading (subject to the qualifications and limitations set forth in the
materials provided by Parent or that is included in the Parent SEC filings).

 

8.8           Trust
Fund. As of the date of this Agreement, Purchaser has at least $16,452,674 (the “Minimum Trust
Amount”) in the trust fund established by Parent for the benefit of its public stockholders (the “Trust
Fund”) in a trust account at Morgan Stanley (the “Trust Account”), and such monies are invested
in “government securities” (as such term is defined in the Investment Company Act of 1940, as amended) and held
in trust by Continental Stock Transfer & Trust Company (the “Trustee”) pursuant to the Investment
Management Trust Agreement, dated as of February 18, 2011, between Parent and the Trustee (the “Trust
Agreement”). The Minimum Trust Amount may, however, be reduced in accordance with the terms of the Trust
Agreement.

  

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8.9           Listing.
The Parent Subunits are quoted on the OTC Bulletin Board.

 

8.10         Board
Approval. The Parent’s board of directors (including any required committee or subgroup of such board) has, as of the
date of this Agreement, unanimously (i) declared the advisability of the transactions contemplated by this Agreement, (ii) determined
that the transactions contemplated hereby are in the best interests of the stockholders of Parent, and (iii) determined that the
transactions contemplated hereby constitutes a “Business Transaction” as such term is defined in the Parent’s
Amended and Restated Memorandum and Articles of Association.

 

8.11         Parent
SEC Documents and Purchaser Financial Statements. Parent has filed all forms, reports, schedules, statements and other documents,
including any exhibits thereto, required to be filed or furnished by Parent with the SEC since Parent’s formation under
the Exchange Act or the Securities Act, together with any amendments, restatements or supplements thereto, and will file all such
forms, reports, schedules, statements and other documents required to be filed subsequent to the date of this Agreement (the “Additional
Parent SEC Documents”). Parent has made available to the Company copies in the form filed with the SEC of all of the following,
except to the extent available in full without redaction on the SEC’s website through EDGAR for at least two (2) days prior
to the date of this Agreement: (i) Parent’s Annual Reports on Form 10-K for each fiscal year of Parent beginning with the
first year Parent was required to file such a form, (ii) all proxy statements relating to Parent’s meetings of stockholders
(whether annual or special) held, and all information statements relating to stockholder consents, since the beginning of the
first fiscal year referred to in clause (i) above, (iii) its Quarterly Reports on Form 10-Q filed since the beginning of the first
fiscal year referred to in clause (i) above, (iv) its Current Reports on Form 8-K filed since the beginning of the first fiscal
year referred to in clause (i) above, and (v) all other forms, reports, registration statements and other documents (other than
preliminary materials if the corresponding definitive materials have been provided to the Company pursuant to this Section 6.12)
filed by Parent with the SEC since Parent’s formation (the forms, reports, registration statements and other documents referred
to in clauses (i), (ii), (iii), (iv) and (v) above, whether or not available through EDGAR, are, collectively, the (“Parent
SEC Documents”). The Parent SEC Documents were, and the Additional Parent SEC Documents will be, prepared in all material
respects in accordance with the requirements of the Securities Act, the Exchange Act, and the Sarbanes-Oxley Act, as the case
may be, and the rules and regulations thereunder. The Parent SEC Documents did not, and the Additional Parent SEC Documents will
not, at the time they were or are filed, as the case may be, with the SEC (except to the extent that information contained in
any Parent SEC Document or Additional Parent SEC Document has been or is revised or superseded by a later filed Parent SEC Document
or Additional Parent SEC Document, then on the date of such filing) contain any untrue statement of a material fact or omit to
state a material fact required to be stated therein or necessary in order to make the statements made therein, in the light of
the circumstances under which they were made, not misleading. As used in this Section 6.12, the term “file” shall
be broadly construed to include any manner in which a document or information is furnished, supplied or otherwise made available
to the SEC.

 

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8.12         Ownership
of Payment Shares. Upon issuance and delivery of the Payment Shares to the Signatory Members pursuant to this Agreement against
payment of the consideration therefor, the Payment Shares will be duly authorized and validly issued, fully paid and nonassessable,
free and clear of all Liens, other than (i) restrictions arising from applicable securities laws and (ii) any Lien created by
or through the Company or the Members. The issuance and sale of the Payment Shares pursuant hereto will not be subject to or give
rise to any preemptive rights or rights of first refusal.

 

8.13         Purchaser.
Purchaser was formed in the state of Delaware on August 23, 2012. Purchaser has no liabilities, debts or obligations of any nature
(whether accrued, absolute, contingent, liquidated or unliquidated, unasserted or otherwise) except those incurred in connection
with this Agreement and all of the transactions contemplated hereby.

 

8.14         Authorized
Capital of Purchaser. At Closing, the authorized capital stock of Purchaser will consist of 100,000,000 shares of Purchaser
Common Stock, and 10,000,000 shares of Purchaser Preferred Stock. Immediately after the Redomestication Effective Time, a maximum
of 3,552,991 shares of Purchaser Common Stock will be issued and outstanding and no shares of Purchaser Preferred Stock will be
issued and outstanding. 5,605,289 shares of Purchaser Common Stock will be reserved for issuance upon the exercise of the Purchaser
Warrants. 350,000 shares of Purchaser Common Stock will be reserved for issuance upon the exercise of the Purchaser Units, including
the Purchaser Warrants, underlying the Purchaser UPO.

 

8.15         Certain
Business Practices. Neither the Parent, nor any director, officer, agent or employee of the Company (in their capacities as
such) has (i) used any funds for unlawful contributions, gifts, entertainment or other unlawful expenses relating to political
activity, (ii) made any unlawful payment to foreign or domestic government officials or employees, to foreign or domestic political
parties or campaigns or violated any provision of the Foreign Corrupt Practices Act of 1977 or (iii) made any other unlawful payment.
Neither the Parent, nor any director, officer, agent or employee of the Parent (nor any Person acting on behalf of any of the
foregoing, but solely in his or her capacity as a director, officer, employee or agent of the Parent) has, since the formation
of the Parent, directly or indirectly, given or agreed to give any gift or similar benefit in any material amount to any customer,
supplier, governmental employee or other Person who is or may be in a position to help or hinder the Parent or assist the Parent
in connection with any actual or proposed transaction, which, if not given could reasonably be expected to have had an adverse
effect on the Parent, or which, if not continued in the future, could reasonably be expected to adversely affect the business
or prospects of the Parent that could reasonably be expected to subject the Parent to suit or penalty in any private or governmental
litigation or proceeding.

 

8.16         Money
Laundering Laws. The operations of the Parent are and have been conducted at all times in compliance with laundering statutes
in all applicable jurisdictions, the rules and regulations thereunder and any related or similar rules, regulations or guidelines,
issued, administered or enforced by any governmental authority (collectively, the “Money Laundering Laws”), and no
Action involving the Parent with respect to the Money Laundering Laws is pending or, to the knowledge of the Parent, threatened.

 

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8.17         OFAC.
None of the Parent, any director or officer of the Parent, or, to the knowledge of the Parent, the Parent or any agent, employee,
affiliate or Person acting on behalf of the Parent is currently identified on the specially designated nationals or other blocked
person list or otherwise currently subject to any U.S. sanctions administered by the Office of Foreign Assets Control of the U.S.
Treasury Department (the “OFAC”); and the Parent has not, directly or indirectly, used any funds, or loaned, contributed
or otherwise made available such funds to any subsidiary, joint venture partner or other Person, in connection with any sales
or operations in Cuba, Iran, Syria, Sudan, Myanmar or any other country sanctioned by OFAC or for the purpose of financing the
activities of any Person currently subject to, or otherwise in violation of, any U.S. sanctions administered by OFAC in the last
five (5) fiscal years.

 

ARTICLE
IX

COVENANTS OF THE COMPANY, CLASS A MEMBERS

AND THE MANAGER PENDING CLOSING

 

The Company, the Class
A Members and the Manager jointly and severally covenant and agree that:

 

9.1           Conduct
of the Business. (a) From the date hereof through the Closing Date, the Company shall, and the Manager and the Class A Members
shall cause the Company to, conduct the Business only in the ordinary course, (including the payment of accounts payable and the
collection of accounts receivable), consistent with past practices, and shall not enter into any material transactions without
the prior written consent of Purchaser, and shall use its best efforts to preserve intact its business relationships with employees,
clients, suppliers and other third parties. The Company, the Manager and the Class A Members shall use their best efforts to cause
the Subsidiaries to conduct the Business in the ordinary course, (including the payment of accounts payable and the collection
of accounts receivable), consistent with past practices. Without limiting the generality of the foregoing, from the date hereof
until and including the Closing Date, without Purchaser’s prior written consent (which shall not be unreasonably withheld),
the Company, the Manager and the Class A Members shall cause the Subsidiaries to not:

 

(i)          amend,
modify or supplement its Operating Agreement or other organizational or governing documents;

 

(ii)         amend,
waive any provision of, terminate prior to its scheduled expiration date, or otherwise compromise in any way, any Contract (including
Contracts described in Section 9.1(a)(iii)) below), or any other right or asset of the Company or any Subsidiary;

 

(iii)        modify,
amend or enter into any contract, agreement, lease, license or commitment, which (A) is with respect to Real Property, (B) extends
for a term of one year or more or (C) obligates the payment of more than $1,000,000 (individually or in the aggregate);

 

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(iv)         make
any capital expenditures in excess of $1,000,000 (individually or in the aggregate);

 

(v)          sell,
lease, license or otherwise dispose of any of the Company or its Subsidiaries’ assets or assets covered by any Contract except
(i) pursuant to existing contracts or commitments disclosed herein and (ii) sales of Inventory in the ordinary course consistent
with past practice;

 

(vi)         pay,
declare or promise to pay any dividends or other distributions with respect to the Units or any of its capital stock, membership
interests or other securities, or pay, declare or promise to pay any other payments to any Member (other than, in the case of any
Member as an employee of the Company or its Subsidiary, payments of salary accrued in said period at the current salary rate set
forth on Schedule 4.25(a)) or any Affiliate of the Company or any of its Subsidiaries;

 

(vii)        authorize
any salary increase of more than 10% for any employee making an annual salary equal to or greater than $100,000 or in excess of
$100,000 in the aggregate on an annual basis or change the bonus or profit sharing policies of the Company or any of its Subsidiaries;

 

(viii)      obtain
or incur any loan or other Indebtedness, including drawings under the Company or any of its Subsidiaries’ existing lines
of credit;

 

(ix)         suffer
or incur any Lien, except for Permitted Liens, on any of the Company or any of its Subsidiaries’ assets;

 

(x)          suffer
any damage, destruction or loss of property related to any of the Company or any of its Subsidiaries’ assets, whether or
not covered by insurance;

 

(xi)         delay,
accelerate or cancel any receivables or Indebtedness owed to the Company or any of its Subsidiaries or Portfolio Companies or writeoff
or make further reserves against the same;

 

(xii)        merge
or consolidate with or acquire any other Person or be acquired by any other Person;

 

(xiii)       suffer
any insurance policy protecting any of the Company or any of its Subsidiaries’ assets to lapse;

 

(xiv)       amend
any of its plans set forth in Section 4.28(a) or fail to continue to make timely contributions thereto in accordance with the terms
thereof;

 

(xv)        make
any change in its accounting principles or methods or write down the value of any Inventory or assets;

 

(xvi)       change
the place of business or jurisdiction of organization of the Company or any of its Subsidiaries;

 

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(xvii)      extend
any loans other than travel or other expense advances to employees in the ordinary course of business not to exceed $1,000.00 individually
or $10,000.00 in the aggregate;

 

(xviii)     issue,
redeem or repurchase any Units or any capital stock, membership interests or other securities, or issue any securities exchangeable
for or convertible into any shares of its capital stock, except that the Company may continue to issue up to $15 million of additional
preferred membership interests, which will be convertible into Purchaser Preferred Stock at the Closing;

 

(xix)       effect
or agree to any change in any practices or terms, including payment terms, with respect to customers or suppliers;

 

(xx)        make
or change any material Tax election or change any annual Tax accounting periods; or

 

(xxi)       agree
to do any of the foregoing.

 

(b)          The
Company shall not, and the Manager shall cause the Company and its Subsidiaries to not, (i) take or agree to take any action that
might make any representation or warranty of the Company or any Member hereunder inaccurate or misleading in any respect at, or
as of any time prior to, the Closing Date or (ii) omit to take, or agree to omit to take, any action necessary to prevent any such
representation or warranty from being inaccurate or misleading in any respect at any such time.

 

9.2           Access
to Information.

 

(a)          From
the date hereof until and including the Closing Date, the Company, the Class A Members and the Manager shall, to the best of its
ability, cause the Company and its Subsidiaries and Portfolio Companies to, (a) continue to give Purchaser, its legal counsel and
other representatives full access to the offices, properties and, Books and Records, (b) furnish to Purchaser, its legal counsel
and other representatives such information relating to the Business as such Persons may request and (c) cause the employees, legal
counsel, accountants and representatives of the Company and its Subsidiaries and Portfolio Companies to cooperate with Purchaser
in its investigation of the Business; provided that no investigation pursuant to this Section (or any investigation prior to the
date hereof) shall affect any representation or warranty given by the Company or the Members and, provided further, that any investigation
pursuant to this Section shall be conducted in such manner as not to interfere unreasonably with the conduct of the Business of
the Company and its Subsidiaries and Portfolio Companies.

 

(b)          If
requested by the Purchaser, the Company and the Manager shall arrange for representatives of Purchaser to meet with or speak to
the representatives of the ten largest clients of the Company and its Subsidiaries and Portfolio Companies.

 

9.3           Notices
of Certain Events. The Company and the Manager shall promptly notify Purchaser of:

 

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(a)          any
notice or other communication from any Person alleging or raising the possibility that the consent of such Person is or may be
required in connection with the transactions contemplated by this Agreement or that the transactions contemplated by this Agreement
might give rise to any Action or other rights by or on behalf of such Person or result in the loss of any rights or privileges
of the Company or any of its Subsidiaries (or Purchaser, post-Closing) to any such Person or create any Lien on any Units or any
of the Company’s or its Subsidiaries’ or Portfolio Companies’ assets;

 

(b)          any
notice or other communication from any Authority in connection with the transactions contemplated by this Agreement or the Additional
Agreements;

 

(c)          any
Actions commenced or threatened against, relating to or involving or otherwise affecting any Member, the Company or any of its
Subsidiaries, the Units, any of the Company’s or its Subsidiaries’ or Portfolio Companies’ assets or the Business
or that relate to the consummation of the transactions contemplated by this Agreement or the Additional Agreements;

 

(d)          the
occurrence of any fact or circumstance which constitutes or results, or might reasonably be expected to constitute or result, in
a Material Adverse Change; and

 

(e)          the
occurrence of any fact or circumstance which results, or might reasonably be expected to result, in any representation made hereunder
by the Company and/or any Member to be false or misleading in any respect or to omit or fail to state a material fact.

 

9.4           Exclusivity.
Except as set forth on Schedule 9.4, neither the Company nor the Manager, any of the Class A Members nor anyone acting on their
behalf is currently involved, directly or indirectly, in any activity which is intended to, nor for so long as this Agreement
is in effect, shall the Company, the Manager or any of the Class A Members or anyone acting on their behalf, directly or indirectly,
(i) encourage, solicit, initiate or participate in discussions or negotiations with, or provide any information to or cooperate
in any manner with any Person, other than Purchaser or its Affiliates (collectively “Excluded Persons”), or an officer,
partner, employee or other representative of an Excluded Person, concerning the sale of all or any part of the Business, any of
the Companies’ assets (other than in the ordinary course of business), the Units or any capital stock, membership interests
or other securities of the Company or any of its Subsidiaries, whether such transaction takes the form of a sale of units, assets,
merger, consolidation, or issuance of debt securities or making of a loan or otherwise or any joint venture or partnership, (ii)
otherwise solicit, initiate or encourage the submission (or attempt to submit) of any inquiry or proposal contemplating the sale
of all or any part of the Business, the sale of the Companies’ assets (other than in the ordinary course of business), the
Units or any capital stock, membership interests or other securities of the Companies, whether such transaction takes the form
of a sale of equity, assets, merger, consolidation or otherwise, or issuance of debt securities or making of a loan or any joint
venture or partnership or (iii) consummate any such transaction or accept any offer or agree to engage in any such transaction.
The Company or the Members shall promptly (within 24 hours) communicate to Purchaser the terms of any proposal, contract or sale
which it may receive in respect of any of the foregoing and respond to any such communication in a manner reasonably acceptable
to Purchaser. The notice of the Company and each Member under this Section 9.4 shall include the identity of the person making
such proposal or offer, copies (if written) or a written description of the terms (if oral) thereof and any other such information
with respect thereto as Purchaser may reasonably request.

 

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9.5           Annual
and Interim Financial Statements. From the date hereof through the Closing Date, within forty (40) calendar days following
the end of each calendar month, each three-month quarterly period and each fiscal year, the Company shall deliver to Purchaser
an unaudited consolidated summary of its earnings and an unaudited consolidated balance sheet for the period from the Interim
Balance Sheet Date through the end of such calendar month, quarterly period or fiscal year and the applicable comparative period
in the preceding fiscal year, in each case accompanied by a certificate of the Chief Financial Officer of the Company to the effect
that all such financial statements fairly present the financial position and results of operations of the Company and its Subsidiaries
as of the date or for the periods indicated, in accordance with U.S. GAAP, except as otherwise indicated in such statements and
subject to year-end audit adjustments. Such certificate shall also state that except as noted, from the Interim Balance Sheet
Date through the end of the previous month there has been no Material Adverse Effect. The Company shall also promptly deliver
to Purchaser copies of any audited consolidated financial statements of the Company and its Subsidiaries that the Company’s
certified public accountants may issue.

 

9.6           SEC
Filings.

 

(a)          The
Company and the Members acknowledge that:

 

(i)          the
Parent’s stockholders must approve the transactions contemplated by this Agreement prior to the transactions contemplated
hereby being consummated and that, in connection with such approval, the Parent must call a special meeting of its stockholders
requiring Parent to prepare and file with the SEC a proxy statement and proxy card (the “Proxy Statement”);

 

(ii)         the
Parent’s warrant holders must approve an amendment to the Parent Warrants prior to the transactions contemplated hereby being
consummated in order to permit the Parent Warrants to become exercisable for Parent Common Stock and that, in connection with such
approval, the Parent must call a special meeting of its warrant holders requiring Parent to prepare and file with the SEC a Proxy
Statement and proxy card, which will be included in the Proxy Statement.

 

(iii)        the
Parent will be required to file Quarterly and Annual reports that may be required to contain information about the transactions
contemplated by this Agreement; and

 

(iv)         the
Parent will be required to file Current Reports on Form 8-K to announce the transactions contemplated hereby and other significant
events that may occur in connection with such transactions.

 

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(b)          In
connection with any filing the Parent makes with the SEC that requires information about the transactions contemplated by this
Agreement to be included, the Company, the Subsidiaries, the Class A Members and the Manager will, and use their best efforts to
cause their Affiliates, in connection with the disclosure included in any such filing or the responses provided to the SEC in connection
with the SEC’s comments to a filing, to use their best efforts to (i) cooperate with the Parent, (ii) respond to questions
about the Company or the Members required in any filing or requested by the SEC, and (iii) provide any information requested by
Parent or Parent’s representatives in connection with any filing with the SEC. In the Proxy Statement distributed to the
Parent’s stockholders, the effectiveness of the Transaction shall be conditioned upon the approval of the Redomestication
Merger, and the effectiveness of the Redomestication Merger shall be conditioned upon the approval of the Transaction.

 

9.7           Financial
Information. The Company and the Manager will provide additional financial information requested by the Parent for inclusion
in any filings to be made by the Parent with the SEC. If requested by the Parent, such information must be reviewed or audited
by the Company’s auditors.

 

9.8           Trust
Account. The Signatory Members, the Manager and the Company each acknowledge that the Parent shall make appropriate arrangements
to cause the funds in the Trust Account to be disbursed in accordance with the Trust Agreement and for the payment of (i) all
amounts payable to stockholders of Parent holding Parent Subunits who shall have validly redeemed their Parent Subunits upon acceptance
by the Parent of such Parent Subunits, (ii) the M&A Fee to the underwriter in the IPO, (iii) the expenses to the third parties
to which they are owed and (iv) the remaining monies in the Trust Account to Purchaser.

 

9.9           Employees
of the Company and the Manager. Schedule 9.9 lists those employees designated by the Company as key personnel of the Companies
(the “Key Personnel”). The Key Personnel shall, as a condition to their continued employment with the Manager
or any of the Companies execute and deliver to the Company non-solicitation, non-service and confidentiality agreements in form
and substance satisfactory to Purchaser (the “Confidentiality and Non-Solicitation Agreements”). The Company
and the Manager shall use their best efforts to enter into Labor Agreements with each of its employees to the extent required
by law prior to the Closing Date, and to satisfy all accrued obligations of the Companies applicable to its employees, whether
arising by operation of Law, by Contract, by past custom or otherwise, for payments by the Company to any trust or other fund
or to any Authority, with respect to, social insurance benefits, housing fund benefits, unemployment or disability compensation
benefits or otherwise.

 

9.10         Application
for Permits. The Company and the Manager shall apply for all Permits listed on Schedule 4.19 as not being valid and in full
force and effect (the “Outstanding Permits”), and shall use their best efforts to obtain each Outstanding Permit and
ensure that the same are valid and in full force and effect as promptly as practicable hereafter, but in any event no later than
the Closing Date.

 

9.11         Affiliate
Loans and Guarantees. Except as set forth on Schedule 9.11, the Members and the Company shall terminate all loans and guarantees
by the Company for the benefit of each of the Members, the Company’s and the Subsidiaries’ officers and directors,
and any of their respective Affiliates, prior to the Closing Date.

 

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9.12         Audited
and Reviewed Financial Statements. The Company shall, within 30 days of the execution of this Agreement, deliver to the Parent
and the Purchaser the Audited Annual Financial Statements and the Six Month Interim Financial Statements, both in form satisfactory
to the Parent and the Purchaser. The Audited Annual Financial Statements shall be the same as the Unaudited Annual Financial Statements
in all material respects.

 

ARTICLE
X

COVENANTS OF THE COMPANY, THE CLASS A MEMBERS

AND THE MANAGER

 

The Company, the Class
A Members and the Manager, jointly and severally, covenant and agree that:

 

10.1         Reporting
and Compliance with Laws. From the date hereof through the Closing Date, the Company and each Subsidiary should duly and timely
file all Tax Returns required to be filed with the applicable Taxing Authorities, pay any and all Taxes required by any Taxing
Authority and duly observe and conform in all material respects, to all applicable Laws and Orders.

 

10.2         Injunctive
Relief. If the Company, any Class A Member or the Manager breaches, or threatens to commit a breach of, any of the covenants
set forth in Sections 7.1, 7.4 or 14.4 (the “Restrictive Covenants”), Purchaser shall have the following rights
and remedies, which shall be in addition to, and not in lieu of, any other rights and remedies available to Purchaser by agreement
(including those set forth in Section 13.1 hereof), under law or in equity:

 

(a)          The
right and remedy to have the Restrictive Covenants specifically enforced by any court having equity jurisdiction, all without the
need to post a bond or any other security or to prove any amount of actual damage or that money damages would not provide an adequate
remedy, it being acknowledged and agreed that any such breach or threatened breach will cause irreparable injury to Purchaser and
that monetary damages will not provide adequate remedy to Purchaser; and

 

(b)          The
right and remedy to require the Company and each Class A Member and Manager, jointly and severally, to indemnify Purchaser against
any losses, damages (including special and consequential damages), costs and expenses, including actual attorneys’ fees and
court costs, which may be incurred by it and which result from or arise out of any such breach or threatened breach.

 

10.3         Best
Efforts to Obtain Consents. The Company and the Manager shall use their best efforts to obtain each Third Party Consent as
promptly as practicable hereafter.

 

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ARTICLE
XI

COVENANTS OF ALL PARTIES HERETO

 

The parties hereto covenant
and agree that:

 

11.1         Best
Efforts; Further Assurances. Subject to the terms and conditions of this Agreement, each party shall use its best efforts
to take, or cause to be taken, all actions and to do, or cause to be done, all things necessary or desirable under applicable
Laws, and in the case of the Company, each Class A Member and the Manager as reasonably requested by Purchaser, to consummate
and implement expeditiously each of the transactions contemplated by this Agreement. The parties hereto shall execute and deliver
such other documents, certificates, agreements and other writings and take such other actions as may be necessary or desirable
in order to consummate or implement expeditiously each of the transactions contemplated by this Agreement in order to transfer
all of the Units to Purchaser and to vest in Purchaser good, valid and marketable title to the Units, free and clear of all Liens.

 

11.2         Tax
Matters.

 

(a)          The
Manager shall prepare (or cause to be prepared) and file (or cause to be filed) on a timely basis (taking into account valid extensions
of time to file) all Tax Returns of the Company and each of its Subsidiaries required to be filed by the Company or such Subsidiaries
after the Closing Date for taxable periods ending on or before the Closing Date. Such Tax Returns shall be true, correct and complete,
shall be prepared on a basis consistent with the similar Tax Returns for the immediately preceding taxable period, and shall not
make, amend, revoke or terminate any Tax election or change any accounting practice or procedure without the prior written consent
of the Purchaser. The cost of preparing such Tax Returns shall be borne by the Company. The Manager shall give a copy of each such
Tax Return to the Purchaser with sufficient time prior to filing for its review and comment. The Manager (prior to the Closing)
and the Purchaser (following the Closing) shall cause the Company and each of its Subsidiaries to cooperate in connection with
the preparation and filing of such Tax Returns, to timely pay the Tax shown to be due thereon, and to furnish the Purchaser proof
of such payment.

 

(b)          Purchaser
shall prepare (or cause to be prepared) and file (or cause to be filed) on a timely basis (taking into account valid extensions
of time to file) all Tax Returns of the Company or any of its Subsidiaries for taxable periods including the Closing Date but ending
after the Closing Date. Any such Tax Returns for a period that includes the Closing Date shall be true, correct and complete in
all material respects, shall be prepared on a basis consistent with the similar Tax Returns for the immediately preceding taxable
period, and shall not make, amend, revoke or terminate and tax election or change any accounting practice or procedure without
the prior consent of the Manager, which consent shall not unreasonably be withheld, delayed or conditioned. Not later than ten
(10) days before the due date for payment of Taxes with respect to any such Tax Returns, the Class A Members, jointly and severally,
shall pay to the Company and each of its Subsidiaries an amount equal to that portion, if any, of the Taxes shown on such Tax Returns
for which the Class A Members have an obligation to indemnify the Purchaser pursuant to the provisions of Section 11.1(e).

 

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(c)          Following
the Closing, the Manager may amend any Tax Return of the Company or any of its Subsidiaries for any taxable period ending on or
before the Closing with the consent of Purchaser, which consent shall not unreasonably be withheld, delayed or conditioned. Purchaser
shall cause the Company and its Subsidiaries to cooperate with the Manager in connection with the preparation and filing of such
amended Tax Returns and any Tax proceeding in connection therewith. The cost of preparing and filing such amended Tax Returns or
participating in any such Tax proceeding shall be borne jointly and severally by the Class A Members.

 

(d)          Following
the Closing, the Purchaser may amend any Tax Return of the Company or any of its Subsidiaries for any taxable period ending on
or before the Closing to correct any errors, with the consent of the Manager, which consent shall not unreasonably be withheld,
delayed or conditioned. The cost of preparing and filing such amended Tax Returns shall be borne jointly and severally by the Class
Members.

 

(e)          Purchaser
shall retain (or cause the Company and its Subsidiaries to retain) all Books and Records with respect to Tax matters of the Company
and its Subsidiaries for Pre-Closing Periods for at least seven (7) years following the Closing Date and to abide by all record
retention agreements entered into by or with respect to the Company or any of its Subsidiaries with any Taxing Authority.

 

(f)          To
the extent permitted by applicable Law, the parties shall elect (and shall cause the Company and its Subsidiaries to elect) to
treat the taxable period that includes but does not end on the Closing Date with respect to any Tax of the Company or its Subsidiary
as ending at the close of the Closing Date, and shall take such steps as may be necessary therefor. For purposes of this Agreement,
any Tax for a taxable period that includes but that does not end on the Closing Date shall be allocated between the Pre-Closing
Period and the balance of the taxable period based on an interim closing of the books as of the end of the Closing Date; provided,
however, that any real or personal property Tax, fixed dollar franchise Tax and any annual exemption amount shall be allocated
based on the relative number of days in the Pre-Closing Period and the balance of the taxable period.

 

(g)          All
sales, use, transfer and other similar Taxes imposed by a Taxing Authority with respect to the Transaction or any other transaction
contemplated by this Agreement shall be duly and timely paid by the Members, jointly and severally. The Members shall duly and
timely file (or cause to be filed) all Tax Returns in connection with such Taxes. The Members shall give a copy of each such Tax
Return to the Purchaser for its review with sufficient time for comments prior to filing and shall give the Purchaser a copy of
such Tax Return promptly after filing, together with proof of payment of the Tax shown thereon to be due. The cost of preparing
and filing such tax returns shall be borne jointly and severally by the Members.

 

11.3         Settlement
of Purchaser Liabilities. Concurrently with the Closing, all outstanding liabilities of the Purchaser shall be settled and
paid in full and reimbursement of out-of-pocket expenses reasonably incurred by Purchaser’s officers, directors, or any
of their respective Affiliates, in connection with identifying, investigating and consummating a business combination.

 

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11.4         Compliance
with SPAC Agreements. The Company and Purchaser shall comply with each of the agreements entered into in connection with the
IPO, including without limitation that certain registration rights agreement, dated as of February 18, 2011, by and among the
Purchaser and the investors named therein.

 

11.5         Registration
Statement. As soon as practicable after the date hereof, Parent shall prepare and file with the SEC a registration statement
on Form S-4 to register the issuance of the Purchaser Preferred Stock and Purchaser Common Stock to be issued in the Redomestication
Merger (the “Registration Statement”). Parent shall cooperate and provide the Company (and its counsel) with a reasonable
opportunity to review and comment on the Registration Statement and any amendment or supplement thereto prior to filing the same
with the SEC. The Company shall provide Parent with such information concerning it that may be required or appropriate for inclusion
in the Registration Statement, or in any amendments or supplements thereto. Parent will use all commercially reasonable efforts
to cause the Registration Statement to be declared effective under the Securities Act as promptly as practicable after such filing
and to keep the Registration Statement effective as long as is necessary to consummate the Merger and the transactions contemplated
hereby.

 

11.6         Confidentiality.
The Company, the Class A Members and the Manager, on the one hand, and Parent and Purchaser, on the other hand, shall hold and
shall cause their respective representatives to hold in strict confidence, unless compelled to disclose by judicial or administrative
process or by other requirements of Law, all documents and information concerning the other party furnished to it by such other
party or its representatives in connection with the transactions contemplated by this Agreement (except to the extent that such
information can be shown to have been (a) previously known by the party to which it was furnished, (b) in the public domain through
no fault of such party or (c) later lawfully acquired from other sources, which source is not the agent of the other party, by
the party to which it was furnished), and each party shall not release or disclose such information to any other person, except
its representatives in connection with this Agreement. In the event that any party believes that it is required to disclose any
such confidential information pursuant to applicable Laws, such party shall give timely written notice to the other party so that
such party may have an opportunity to obtain a protective order or other appropriate relief. Each party shall be deemed to have
satisfied its obligations to hold confidential information concerning or supplied by the other party if it exercises the same
care as it takes to preserve confidentiality for its own similar information. The parties acknowledge that some previously confidential
information will be required to be disclosed in the Proxy Statement.

 

11.7         Additional
Signatory Members. Within 10 business days following the Signing Date, the parties hereto shall permit the preferred members
of the Company that were not a Signatory Member on the Signing Date to execute this Agreement on the same terms and conditions
as are contained in this Agreement.

 

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11.8         Post-Closing
Registration Statement. After the Closing, the Purchaser shall file a registration statement with the SEC relating to all
the unregistered securities issued in connection with the Transactions, as shall be specified in more detail in the Registration
Rights Agreement.

 

ARTICLE
XII

CONDITIONS TO CLOSING

 

12.1         Condition
to the Obligations of the Parties. The obligations of all of the parties to consummate the Closing are subject to the satisfaction
of all the following conditions:

 

(a)          No
provisions of any applicable Law, and no Order shall prohibit or impose any condition on the consummation of the Closing.

 

(b)          There
shall not be any Action brought by a third-party non-Affiliate to enjoin or otherwise restrict the consummation of the Closing.

 

(c)          Parent’s
shareholders shall have approved the transactions contemplated by this Agreement in accordance with its organizational documents
and provided that holders of fewer than the number of Parent Subunits specified in the Parent’s organizational documents
exercise their redemption rights with respect to such transaction.

 

(d)          The
Redomestication Merger shall have been consummated and the applicable certificates filed in the appropriate jurisdictions.

 

(e)          The
SEC shall have declared the Registration Statement effective. No stop order suspending the effectiveness of the Registration Statement
or any part thereof shall have been issued.

 

(f)          Each
of the Additional Agreements shall have been entered into and the same shall be in full force and effect.

 

12.2         Conditions
to Obligations of Parent and Purchaser. The obligation of Parent and Purchaser to consummate the Closing is subject to the
satisfaction, or the waiver at Purchaser’s sole and absolute discretion, of all the following further conditions:

 

(a)          The
Company, the Class A Members and the Manager shall have duly performed all of their obligations hereunder required to be performed
by them at or prior to the Closing Date.

 

(b)          All
of the representations and warranties of the Company, the Manager and the Class A Members contained in this Agreement, the Additional
Agreements and in any certificate delivered by the Company, the Manager or any Class A Member pursuant hereto, disregarding all
qualifications and exceptions contained therein relating to materiality or Material Adverse Effect, regardless of whether it involved
a known risk, shall: (i) be true, correct and complete at and as of the date of this Agreement (except as provided in the disclosure
schedules or as provided for in Article V), or, (ii) if otherwise specified, when made or when deemed to have been made, and (iii)
be true, correct and complete as of the Closing Date, in the case of (i) and (ii) with only such exceptions as could not in the
aggregate reasonably be expected to have a Material Adverse Effect.

 

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(c)          There
shall have been no event, change or occurrence which individually or together with any other event, change or occurrence, could
reasonably be expected to have a Material Adverse Effect, regardless of whether it involved a known risk.

 

(d)          Purchaser
shall have received a certificate signed by the Manager of the Company and all Class A Members to the effect set forth in clauses
(a) through (c) of this Section 12.2.

 

(e)          No
court, arbitrator or other Authority shall have issued any judgment, injunction, decree or order, or have pending before it a proceeding
for the issuance of any thereof, and there shall not be any provision of any applicable Law restraining or prohibiting the consummation
of the Closing, the ownership by Purchaser of any of the Units or the effective operation of the Business by the Company and its
Subsidiaries after the Closing Date.

 

(f)          Purchaser
shall have received all documents it may reasonably request relating to the existence of each of the Companies and the authority
of the Company, the Class A Members and the Manager to enter into and perform under this Agreement, all in form and substance reasonably
satisfactory to Purchaser and its legal counsel, including (i) a copy of the Certificate of Formation, or other organizational
document, of the Company and each of its Subsidiaries and Portfolio Companies, certified as of a recent date by the Secretary of
State of their respective jurisdictions of organization, (ii) copies of the Company’s Operating Agreement as effective on
the date hereof; (iii) copies of the bylaws, operating agreement or other governing document of each of the Company’s Subsidiaries
and Portfolio Companies, (iv) copies of resolutions duly adopted by the Manager of the Company and by the Majority Interest or
consent of the Company’s Members authorizing this Agreement, the Additional Agreements and the transaction contemplated hereby
and thereby, (v) a certificate of the Manager of the Company certifying as to signatures of the officer(s) executing this Agreement
and any certificate or document to be delivered pursuant hereto, together with evidence of the incumbency of such Manager, and
(vi) recent good standing certificates regarding the Company and each of its Subsidiaries and Portfolio Companies from the office
of the Secretary of State of each of their respective states of formation and each other jurisdiction in which the Company and
its Subsidiaries and Portfolio Companies is qualified to do business.

 

(g)          Purchaser
shall have received from the Members certificates representing the Units, duly endorsed in blank by the applicable Members, or
accompanied by stock powers duly executed in blank by the applicable Members, with all necessary transfer Tax and other revenue
stamps, acquired at each such Member’s expense, affixed.

 

(h)          Purchaser
shall have received the organizational record books, minute books, stock ledgers, and stock transfer books of the Company.

 

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(i)          Purchaser
shall be fully satisfied, in its sole discretion exercised in good faith, with the results of its and its representatives’
review of the Business, the Units and the Company and its Subsidiaries and Portfolio Companies (including any review of the capitalization,
assets, processes, systems, financial condition, and prospects of the Business and the Company and its Subsidiaries and Portfolio
Companies), provided that no such review shall affect any representation or warranty of the Company or any Member given hereunder
or in any instrument related to the transactions contemplated hereby.

 

(j)          Purchaser
shall have received copies of all Third Party Consents (including the consents of the landlords under the Officer Leases), in form
and substance reasonably satisfactory to Purchaser, and no such Third Party Consent shall have been revoked.

 

(k)          The
Company and the Manager shall have delivered to Purchaser documents satisfactory to Purchaser to evidence the release of all Liens
on any Units and, other than Permitted Liens, any portion of the Company’s assets and the filing of appropriate UCC-3 Amendment
(Termination) Statements or other termination documents.

 

(l)          Patrick
Imeson and Eric Altman shall have entered into and delivered to Purchaser a copy of their employment agreements with Purchaser
in Form and substance satisfactory to Purchaser and the other members of the Company’s senior management team identified
on Schedule 12.2(l) shall have entered into and delivered to Purchaser a copy of their employment agreement with Purchaser Company,
each in Form and substance satisfactory to Purchaser (collectively, the “Employment Agreements”), and the same
shall be in full force and effect.

 

(m)          Purchaser
shall have received from each Class A Member a general release of all claims against the Company and its Subsidiaries and Portfolio
Companies and their officers, directors, employees and Affiliates (other than Purchaser solely in connection with this Agreement
and the Additional Agreements) in form satisfactory to Purchaser.

 

(n)          Counsel
to the Company shall have delivered an opinion in form and substance satisfactory to Purchaser’s counsel.

 

(o)          The
Key Personnel shall have executed the Confidentiality and Non-Solicitation Agreements and the same shall be in full force and effect,
and the Company and the Member (to the extent it has employed anyone on behalf of the Company) shall have entered into Labor Agreements
with each of its employees to the extent required by law, and satisfied all accrued obligations of the Company and its Subsidiaries
applicable to its employees.

 

(p)          Purchaser
shall have received (i) a statement from each Member under Section 1445(b)(2) of the Code certifying as to its non-foreign status
for U.S. federal income tax purposes (each, a “FIRPTA Certificate”), and (ii) a duly completed and executed
IRS Form W-9 from each Member relating to its non-foreign status for U.S. federal income tax purposes.

 

(q)          Parent
and Purchaser shall have received final Schedules.

 

(r)          The
Company shall have secured a directors and officers liability insurance policy for a minimum coverage amount of $10 million for
the pre-transaction directors and officers, which will cover the directors and officers for a period of six years after the Closing.
Such directors and officers liability policy shall take effect upon the consummation of the Transaction.

 

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(s)          Purchaser
shall have received copies of all Outstanding Permits, each of which shall be valid and in full force and effect, and no Outstanding
Permit shall have been revoked.

 

(t)          A
majority of the holders of the outstanding Parent Warrants shall have approved an amendment to the Parent Warrant Agreement providing
that upon the merger, consolidation or reorganization of Parent, the Parent Warrants shall be convertible into warrants to purchase
common stock, or other equivalent security, of the surviving corporation of the surviving entity of such merger, consolidation
or reorganization.

 

(u)          The
requisite majority of Parent’s shareholders shall have approved the transactions contemplated by this Agreement in accordance
with the provisions of Parent’s organizational documents and Cayman Law.

 

(v)          Purchaser
shall have completed, and be satisfied in all respects with, the results of its ongoing due diligence investigation of the business,
assets, operations, financial condition, contingent liabilities, prospects and material agreements of the Company and relating
to the Company’s assets. Purchaser’s satisfaction of the foregoing shall be determined in its sole discretion.

 

(w)          The
holders of not more than five percent (5%) of the Parent Ordinary Shares shall have exercised their dissenters’ rights in
accordance with Cayman Law.

 

(x)          The
Parent and the Purchaser shall have received, within 30 days of the execution of this Agreement, the Audited Annual Financial Statements
and the Six Month Interim Financial Statements, both in form satisfactory to the Parent and the Purchaser. The Audited Annual Financial
Statements shall be the same as the Unaudited Annual Financial Statements in all material respects.

 

12.3         Conditions
to Obligations of the Company, the Class A Members and the Manager. The obligation of the Company, the Class A Members and
the Manager to consummate the Closing is subject to the satisfaction, or the waiver at the Company’s discretion, of all
of the following further conditions:

 

(a)          (i) Each
of the Parent and Purchaser shall have performed in all material respects all of their respective obligations hereunder required
to be performed by it at or prior to the Closing Date, (ii) the representations and warranties of Parent contained in this Agreement,
and in any certificate or other writing delivered by Parent or the Purchaser pursuant hereto, disregarding all qualifications and
expectations contained therein relating to materiality shall be true and correct in all material respects at and as of the Closing
Date, as if made at and as of such date and (iii) the Company shall have received a certificate signed by an authorized officer
of Parent and the Purchaser to the foregoing effect.

 

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(b)          Purchaser
shall have executed and delivered to the Members each Additional Agreement to which it is a party.

 

(c)          Purchaser
shall have executed and delivered each of the Additional Agreements.

 

ARTICLE
XIII

INDEMNIFICATION

 

13.1         Indemnification
of Purchaser. Until the third anniversary of the Signing Date, the Company (solely with respect to claims made under this
Section 13.1 prior to the Closing), each of the Class A Members and the Manager hereby jointly and severally agree to indemnify
and hold harmless to the fullest extent permitted by applicable law Purchaser, each of its Affiliates and each of its and their
respective members, managers, partners, directors, officers, employees, stockholders, attorneys and agents and permitted assignees
(the “Purchaser Indemnitees”), against and in respect of any and all out-of-pocket loss, cost, payments, demand,
penalty, forfeiture, expense, liability, judgment, deficiency or damage, and diminution in value or claim (including actual costs
of investigation and attorneys’ fees and other costs and expenses) (all of the foregoing collectively, “Losses”)
incurred or sustained by any Purchaser Indemnitee as a result of or in connection with (a) any breach, inaccuracy or nonfulfillment
or the alleged breach, inaccuracy or nonfulfillment of any of the representations, warranties, covenants and agreements of the
Company, any Class A Member or the Manager contained herein or in any of the Additional Agreements or any certificate or other
writing delivered pursuant hereto, (b) any Actions by any third parties with respect to the Business (including breach of contract
claims, violations of warranties, trademark infringement, privacy violations, torts or consumer complaints) for any period on
or prior to the Closing Date, including but not limited to those listed on Schedule 13.1, (c) the violation of any Laws in connection
with or with respect to the operation of the Business on or prior to the Closing Date, (d) any claims by any employee of the Company
or any of its Subsidiaries or Portfolio Companies with respect to any period or event occurring on or prior to the Closing Date,
or relating to the termination of such employee’s employment status in connection with the transactions contemplated by
this Agreement, or the termination, amendment or curtailment of any employee benefit plans, (e) any Taxes attributable to a Pre-Closing
Period, or (f) any sales, use, transfer or similar Tax imposed on Purchaser or its Affiliates as a result of any transaction contemplated
by this Agreement. Notwithstanding the foregoing, the aggregate indemnification obligations of the Company and the Class A Members
shall not exceed $16,500,000 (the “Indemnity Cap”); provided however; such Indemnity Cap shall increase by the total
exercise price of Purchaser Warrants exercised after the Closing.

 

13.2         Indemnification
of the Company and the Members. Until the third anniversary of the Signing Date, Parent and Purchaser hereby agrees to indemnify
and hold harmless to the fullest extent permitted by applicable law the Company, the Class A Members and the Manager, each of
their Affiliates, and each of its and their respective members, managers, partners, directors, officers, employees, stockholders,
attorneys and agents and permitted assignees (the “Member Indemnitees”) against and in respect of any Losses incurred
or sustained by any Member Indemnitee as a result of any breach, inaccuracy or nonfulfillment or the alleged breach, inaccuracy
or nonfulfillment of any of the representations, warranties and covenants of Parent or Purchaser contained herein or in any of
the Additional Agreements or any certificate or other writing delivered pursuant hereto. Notwithstanding the foregoing, the aggregate
indemnification obligation of the Parent and the Purchaser shall not exceed the Indemnity Cap; provided however; such Indemnity
Cap shall increase by the total exercise price of Purchaser Warrants exercised after the Closing.

 

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13.3         Procedure.
The following shall apply with respect to all claims by either a Purchaser Indemnitee or a Member Indemnitee (together, “Indemnified
Party”) for indemnification:

 

(a)          An
Indemnified Party shall give the Company or Purchaser, as applicable, prompt notice (an “Indemnification Notice”)
of any third-party Action with respect to which such Indemnified Party seeks indemnification pursuant to Section 11.1 or 11.2
(a “Third-Party Claim”), which shall describe in reasonable detail the Loss that has been or may be suffered
by the Indemnified Party. The failure to give the Indemnification Notice shall not impair any of the rights or benefits of such
Indemnified Party under Section 11.1 or 11.2, except to the extent such failure materially and adversely affects the ability of
Members or Purchaser, as applicable (any of such parties, “Indemnifying Parties”) to defend such claim or increases
the amount of such liability.

 

(b)          In
the case of any Third-Party Claims as to which indemnification is sought by any Indemnified Party, such Indemnified Party shall
be entitled, at the sole expense and liability of the Indemnifying Parties, to exercise full control of the defense, compromise
or settlement of any Third-Party Claim unless the Indemnifying Parties, within a reasonable time after the giving of an Indemnification
Notice by the Indemnified Party (but in any event within ten (10) days thereafter), shall (i) deliver a written confirmation to
such Indemnified Party that the indemnification provisions of Section 11.1 or 11.2 are applicable to such Action and the Indemnifying
Parties will indemnify such Indemnified Party in respect of such Action pursuant to the terms of Section 11.1 or 11.2 and, notwithstanding
anything to the contrary, shall do so without asserting any challenge, defense, limitation on the Indemnifying Parties’ liability
for Losses, counterclaim or offset, (ii) notify such Indemnified Party in writing of the intention of the Indemnifying Parties
to assume the defense thereof, and (iii) retain legal counsel reasonably satisfactory to such Indemnified Party to conduct the
defense of such Third-Party Claim.

 

(c)          If
the Indemnifying Parties assume the defense of any such Third-Party Claim pursuant to Section 11.3(b), then the Indemnified Party
shall cooperate with the Indemnifying Parties in any manner reasonably requested in connection with the defense, and the Indemnified
Party shall have the right to be kept fully informed by the Indemnifying Parties and their legal counsel with respect to the status
of any legal proceedings, to the extent not inconsistent with the preservation of attorney-client or work product privilege. If
the Indemnifying Parties so assume the defense of any such Third-Party Claim, the Indemnified Party shall have the right to employ
separate counsel and to participate in (but not control) the defense, compromise, or settlement thereof, but the fees and expenses
of such counsel employed by the Indemnified Party shall be at the expense of such Indemnified Party unless (i) the Indemnifying
Parties have agreed to pay such fees and expenses, or (ii) the named parties to any such Third-Party Claim (including any impleaded
parties) include an Indemnified Party and an Indemnifying Party and such Indemnified Party shall have been advised by its counsel
that there may be a conflict of interest between such Indemnified Party and the Indemnifying Parties in the conduct of the defense
thereof, and in any such case the reasonable fees and expenses of such separate counsel shall be borne by the Indemnifying Parties.

 

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(d)          If
the Indemnifying Parties elect to assume the defense of any Third-Party Claim pursuant to Section 11.3(b), the Indemnified Party
shall not pay, or permit to be paid, any part of any claim or demand arising from such asserted liability unless the Indemnifying
Parties withdraw from or fail to vigorously prosecute the defense of such asserted liability, or unless a judgment is entered against
the Indemnified Party for such liability. If the Indemnifying Parties do not elect to defend, or if, after commencing or undertaking
any such defense, the Indemnifying Parties fail to adequately prosecute or withdraw such defense, the Indemnified Party shall have
the right to undertake the defense or settlement thereof, at the Indemnifying Parties’ expense. Notwithstanding anything
to the contrary, the Indemnifying Parties shall not be entitled to control, but may participate in, and the Indemnified Party (at
the expense of the Indemnifying Parties) shall be entitled to have sole control over, the defense or settlement of (x) that part
of any Third Party Claim (i) that seeks a temporary restraining order, a preliminary or permanent injunction or specific performance
against the Indemnified Party, or (ii) to the extent such Third Party Claim involves criminal allegations against the Indemnified
Party or (y) the entire Third Party Claim if such Third Party Claim would impose liability on the part of the Indemnified Party.
In the event the Indemnified Party retains control of the Third Party Claim, the Indemnified Party will not settle the subject
claim without the prior written consent of the Indemnifying Party, which consent will not be unreasonably withheld or delayed.

 

(e)          If
the Indemnified Party undertakes the defense of any such Third-Party Claim pursuant to this Section 11.3 and proposes to settle
the same prior to a final judgment thereon or to forgo appeal with respect thereto, then the Indemnified Party shall give the Indemnifying
Parties prompt written notice thereof and the Indemnifying Parties shall have the right to participate in the settlement, assume
or reassume the defense thereof or prosecute such appeal, in each case at the Indemnifying Parties’ expense. The Indemnifying
Parties shall not, without the prior written consent of such Indemnified Party settle or compromise or consent to entry of any
judgment with respect to any such Third-Party Claim (i) in which any relief other than the payment of money damages is or may be
sought against such Indemnified Party, (ii) in which such Third Party Claim could be reasonably expected to impose or create a
monetary liability on the part of the Indemnified Party (such as an increase in the Indemnified Party’s income Tax) other
than the monetary claim of the third party in such Third-Party Claim being paid pursuant to such settlement or judgment, or (iii)
which does not include as an unconditional term thereof the giving by the claimant, person conducting such investigation or initiating
such hearing, plaintiff or petitioner to such Indemnified Party of a release from all liability with respect to such Third-Party
Claim and all other Actions (known or unknown) arising or which might arise out of the same facts.

 

13.4         Periodic
Payments. Any indemnification required by Section 11.1 or 11.2 for costs, disbursements or expenses of any Indemnified Party
in connection with investigating, preparing to defend or defending any Action shall be made by periodic payments by the Indemnifying
Parties to each Indemnified Party during the course of the investigation or defense, as and when bills are received or costs,
disbursements or expenses are incurred.

 

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13.5         Right
of Set Off. In the event that Purchaser is entitled to any indemnification pursuant to this Article XI, Purchaser shall be
entitled to set off any amounts owed to Members pursuant to Section 11.2 and/or otherwise pursuant to this Agreement against the
amount of such indemnification. Any such set-off will be treated as an adjustment to the consideration given in exchange for the
Units.

 

13.6         Payment
of Indemnification. In the event that Purchaser is entitled to any indemnification pursuant to this Article XI and Purchaser
is unable to set off such indemnification pursuant to Section 11.5, Class A Members shall jointly and severally pay the amount
of the indemnification (subject to the limitation set forth in Section 11.1). Class A Members shall, at the option of Purchaser,
pay any indemnification payment due under this Section 11.1 in cash, the transfer and assignment of a number of Payment Shares
then owned by them, or a combination thereof; provided that (x) any Payment Shares transferred pursuant to this sentence shall
be deemed to have the same value per share of the Payment Shares as at their time of issuance, and (y) each Class A Member, upon
transferring such Payment Shares, shall represent and warrant in writing to the Purchaser Indemnitee(s) that all such Payment
Shares are free and clear of all Liens. Any payments by any Member to a Purchaser Indemnitee will be treated as an adjustment
to the Payment Shares.

 

13.7         Insurance.
Any indemnification payments hereunder shall take into account any insurance proceeds or other third party reimbursement actually
received.

 

13.8         Survival
of Indemnification Rights. Except for the representations and warranties in Section 4.1 (Corporate Existence and Power),
4.2 (Authorization), 4.3. (Governmental Authorization), 4.5 (Capitalization), 4.6 (Certificate of Formation and Operating Agreement),
4.7 (Corporate Records), 4.10 (Subsidiaries), 4.15 (Properties; Title to the Company and its Subsidiaries’ Assets), 4.20
(Compliance with Laws), 4.26 (Employment Matters), 4.28 (Benefit Plans), 4.31 (Tax Matters), 4.33 (Finder’s Fees), Section
8.1 (Corporate Existence and Power), Section 8.2 (Corporate Authorization), Section 8.3 (Governmental Authorization), and Section
8.5 (Finders’ Fees) which shall survive until ninety (90) days after the expiration of the statute of limitations with respect
thereto (including any extensions and waivers thereof), the representations and warranties of the Company, the Members and the
Purchaser shall survive until the one (1) year anniversary of the Closing. The indemnification to which any Indemnified Party
is entitled from the Indemnifying Parties pursuant to Section 11.1 or 10.2 for Losses shall be effective so long as it is asserted
prior to: (x) ninety (90) days after the expiration of the applicable statute of limitations (including all extensions and waivers
thereof), in the case of the representations and warranties referred to in the first sentence of this Section 11.8 and the breach
or the alleged breach of any covenant or agreement of any Indemnifying Party; and (y) the one (1) year anniversary of the Closing,
in the case of all other representations and warranties of the Company, the Members, the Manager and the Purchaser hereunder.
The obligations of the Company (but not of the Members) in Articles VI and VII shall terminate upon the Closing.

 

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ARTICLE
XIV

DISPUTE RESOLUTION

 

14.1         Arbitration.

 

(a)          The
parties shall promptly submit any dispute, claim, or controversy arising out of or relating to this Agreement, or any Additional
Agreement (including with respect to the meaning, effect, validity, termination, interpretation, performance, or enforcement of
this Agreement or any Additional Agreement) or any alleged breach thereof (including any action in tort, contract, equity, or otherwise),
to binding arbitration before one arbitrator (the “Arbitrator”). Binding arbitration shall be the sole means of resolving
any dispute, claim, or controversy arising out of or relating to this Agreement or any Additional Agreement (including with respect
to the meaning, effect, validity, termination, interpretation, performance or enforcement of this Agreement or any Additional Agreement)
or any alleged breach thereof (including any claim in tort, contract, equity, or otherwise).

 

(b)          If
the parties cannot agree upon the Arbitrator, the Arbitrator shall be selected by the New York, New York chapter head of the American
Arbitration Association upon the written request of either side. The Arbitrator shall be selected within thirty (30) days of such
written request.

 

(c)          The
laws of the State of New York shall apply to any arbitration hereunder. In any arbitration hereunder, this Agreement and any agreement
contemplated hereby shall be governed by the laws of the State of New York applicable to a contract negotiated, signed, and wholly
to be performed in the State of New York, which laws the Arbitrator shall apply in rendering his decision. The Arbitrator shall
issue a written decision, setting forth findings of fact and conclusions of law, within sixty (60) days after he shall have been
selected. The Arbitrator shall have no authority to award punitive or other exemplary damages.

 

(d)          The
arbitration shall be held in New York, New York in accordance with and under the then-current provisions of the rules of the American
Arbitration Association, except as otherwise provided herein.

 

(e)          On
application to the Arbitrator, any party shall have rights to discovery to the same extent as would be provided under the Federal
Rules of Civil Procedure, and the Federal Rules of Evidence shall apply to any arbitration under this Agreement; provided, however,
that the Arbitrator shall limit any discovery or evidence such that his decision shall be rendered within the period referred to
in Section 12.1(c).

 

(f)          The
Arbitrator may, at his discretion and at the expense of the party who will bear the cost of the arbitration, employ experts to
assist him in his determinations.

 

(g)          The
costs of the arbitration proceeding and any proceeding in court to confirm any arbitration award or to obtain relief as provided
in Section 7.2, as applicable (including actual attorneys’ fees and costs), shall be borne by the unsuccessful party and
shall be awarded as part of the Arbitrator’s decision, unless the Arbitrator shall otherwise allocate such costs in such
decision. The determination of the Arbitrator shall be final and binding upon the parties and not subject to appeal.

 

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(h)          Any
judgment upon any award rendered by the Arbitrator may be entered in and enforced by any court of competent jurisdiction. The parties
expressly consent to the non-exclusive jurisdiction of the courts (Federal and state) in New York, New York to enforce any award
of the Arbitrator or to render any provisional, temporary, or injunctive relief in connection with or in aid of the Arbitration.
The parties expressly consent to the personal and subject matter jurisdiction of the Arbitrator to arbitrate any and all matters
to be submitted to arbitration hereunder. None of the parties hereto shall challenge any arbitration hereunder on the grounds that
any party necessary to such arbitration (including the parties hereto) shall have been absent from such arbitration for any reason,
including that such party shall have been the subject of any bankruptcy, reorganization, or insolvency proceeding.

 

(i)          The
parties shall indemnify the Arbitrator and any experts employed by the Arbitrator and hold them harmless from and against any claim
or demand arising out of any arbitration under this Agreement or any agreement contemplated hereby, unless resulting from the gross
negligence or willful misconduct of the person indemnified.

 

(j)          This
arbitration section shall survive the termination of this Agreement and any agreement contemplated hereby.

 

14.2         Waiver
of Jury Trial; Exemplary Damages.

 

(a)          THE
PARTIES TO THIS AGREEMENT HEREBY KNOWINGLY, VOLUNTARILY AND IRREVOCABLY WAIVE ANY RIGHT EACH SUCH PARTY MAY HAVE TO TRIAL BY JURY
IN ANY ACTION OF ANY KIND OR NATURE, IN ANY COURT IN WHICH AN ACTION MAY BE COMMENCED, ARISING OUT OF OR IN CONNECTION WITH THIS
AGREEMENT OR ANY ADDITIONAL AGREEMENT, OR BY REASON OF ANY OTHER CAUSE OR DISPUTE WHATSOEVER BETWEEN OR AMONG ANY OF THE PARTIES
TO THIS AGREEMENT OF ANY KIND OR NATURE. NO PARTY SHALL BE AWARDED PUNITIVE OR OTHER EXEMPLARY DAMAGES RESPECTING ANY DISPUTE ARISING
UNDER THIS AGREEMENT OR ANY ADDITIONAL AGREEMENT.

 

(b)          Each
of the parties to this Agreement acknowledge that each has been represented in connection with the signing of this waiver by independent
legal counsel selected by the respective party and that such party has discussed the legal consequences and import of this waiver
with legal counsel. Each of the parties to this Agreement further acknowledge that each has read and understands the meaning of
this waiver and grants this waiver knowingly, voluntarily, without duress and only after consideration of the consequences of this
waiver with legal counsel.

 

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ARTICLE
XV

TERMINATION

 

15.1         Termination
Without Default. In the event that the Closing of the transactions contemplated hereunder has not occurred by February 25,
2013 (the “Outside Closing Date”) and no material breach of this Agreement by Purchaser, on one hand, or the Company,
any Class A Member or the Manager, on the other hand, seeking to terminate this Agreement shall have occurred or have been made
(as provided in Section 13.2 hereof), Purchaser or the Company shall have the right, at its sole option, to terminate this Agreement
without liability to the other side. Such right may be exercised by Purchaser or the Company, as the case may be, giving written
notice to the other at any time after the Outside Closing Date. In the event this Agreement is terminated pursuant to this Section
15.1, each party shall bear its own expenses incurred in connection with this Agreement.

 

15.2         Termination
Upon Default.

 

(a)          Purchaser
may terminate this Agreement by giving notice to the Company on or prior to the Closing Date, without prejudice to any rights or
obligations Purchaser may have, if the Company or any Member shall have materially breached any representation, warranty, agreement
or covenant contained herein or in any Additional Agreement to be performed on or prior to the Closing Date and such breach shall
not be cured by the earlier of the Outside Closing Date and fifteen (15) days following receipt by the Company of a notice describing
in reasonable detail the nature of such breach.

 

(b)          The
Company may terminate this Agreement by giving notice to Purchaser, without prejudice to any rights or obligations the Company
or Members may have, if Purchaser shall have materially breached any of its covenants, agreements, representations, and warranties
contained herein to be performed on or prior to the Closing Date and such breach shall not be cured by the earlier of the Outside
Closing Date and fifteen (15) days following receipt by Purchaser of a notice describing in reasonable detail the nature of such
breach.

 

15.3         Survival.
The provisions of Section 11.3, as well as this Article XV, shall survive any termination hereof pursuant to Article XV.

 

ARTICLE
XVI

MISCELLANEOUS

 

16.1         Notices.
Any notice hereunder shall be sent in writing, addressed as specified below, and shall be deemed given: (a) if by hand or recognized
courier service, by 4:00PM on a business day, addressee’s day and time, on the date of delivery, and otherwise on the first
business day after such delivery; (b) if by fax or email, on the date that transmission is confirmed electronically, if by 4:00PM
on a business day, addressee’s day and time, and otherwise on the first business day after the date of such confirmation;
or (c) five days after mailing by certified or registered mail, return receipt requested. Notices shall be addressed to the respective
parties as follows (excluding telephone numbers, which are for convenience only), or to such other address as a party shall specify
to the others in accordance with these notice provisions:

 

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if to Purchaser or the
Company (following the Closing), to:

 

China VantagePoint Acquisition Company

555 N.E. 15th Street, Suite 200

Miami, Florida 33132

Telecopy: 305-716-9230

 

with a copy to (which
shall not constitute notice):

 

Loeb & Loeb LLP

345 Park Avenue

New York, New York 10154

Attention: Mitchell S. Nussbaum

Telecopy: 212 407-4990

 

if
to any Member or the Company (prior to the Closing):

 

Black Diamond Financial Group, LLC

1610 Wynkoop Street, STE 400

Denver, CO 80202

Attention: Patrick Imeson

Telecopy: 303-957-5536

 

with
a copy to (which shall not constitute notice):

 

Messner & Reeves, LLC

1430 Wynkoop Street, Suite 300

Denver, CO 80202

Attention: Steven N. Levine

Telecopy: 303-623-0552

 

16.2         Amendments;
No Waivers; Remedies.

 

(a)          This
Agreement cannot be amended, except by a writing signed by each party, and cannot be terminated orally or by course of conduct.
No provision hereof can be waived, except by a writing signed by the party against whom such waiver is to be enforced, and any
such waiver shall apply only in the particular instance in which such waiver shall have been given.

 

(b)          Neither
any failure or delay in exercising any right or remedy hereunder or in requiring satisfaction of any condition herein nor any course
of dealing shall constitute a waiver of or prevent any party from enforcing any right or remedy or from requiring satisfaction
of any condition. No notice to or demand on a party waives or otherwise affects any obligation of that party or impairs any right
of the party giving such notice or making such demand, including any right to take any action without notice or demand not otherwise
required by this Agreement. No exercise of any right or remedy with respect to a breach of this Agreement shall preclude exercise
of any other right or remedy, as appropriate to make the aggrieved party whole with respect to such breach, or subsequent exercise
of any right or remedy with respect to any other breach.

 

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(c)          Except
as otherwise expressly provided herein, no statement herein of any right or remedy shall impair any other right or remedy stated
herein or that otherwise may be available.

 

(d)          Notwithstanding
anything else contained herein, neither shall any party seek, nor shall any party be liable for, punitive or exemplary damages,
under any tort, contract, equity, or other legal theory, with respect to any breach (or alleged breach) of this Agreement or any
provision hereof or any matter otherwise relating hereto or arising in connection herewith.

 

16.3         Arm’s
length bargaining; no presumption against drafter. This Agreement has been negotiated at arm’s-length by parties of
equal bargaining strength, each represented by counsel or having had but declined the opportunity to be represented by counsel
and having participated in the drafting of this Agreement. This Agreement creates no fiduciary or other special relationship between
the parties, and no such relationship otherwise exists. No presumption in favor of or against any party in the construction or
interpretation of this Agreement or any provision hereof shall be made based upon which Person might have drafted this Agreement
or such provision.

 

16.4         Publicity.
Except as required by law, the parties agree that neither they nor their agents shall issue any press release or make any other
public disclosure concerning the transactions contemplated hereunder without the prior approval of the other party hereto.

 

16.5         Expenses.
The Parent and the Company have entered into an Expense Agreement dated August 24, 2012 (the “Expense Agreement”),
pursuant to which the Company agreed to pay certain expenses of the Parent, including the expenses of the Parent in connection
with the Transaction. The parties hereto acknowledge and agree that the Expense Agreement, remain in full force and affect and
are not affected or modified hereby.

 

16.6         No
Assignment or Delegation. No party may assign any right or delegate any obligation hereunder, including by merger, consolidation,
operation of law, or otherwise, without the written consent of the other party. Any purported assignment or delegation without
such consent shall be void, in addition to constituting a material breach of this Agreement.

 

16.7         Governing
Law. This Agreement shall be construed in accordance with and governed by the laws of the State of New York, without giving
effect to the conflict of laws principles thereof.

 

16.8         Counterparts;
facsimile signatures. This Agreement may be executed in counterparts, each of which shall constitute an original, but all
of which shall constitute one agreement. This Agreement shall become effective upon delivery to each party of an executed counterpart
or the earlier delivery to each party of original, photocopied, or electronically transmitted signature pages that together (but
need not individually) bear the signatures of all other parties.

 

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16.9         Entire
Agreement. This Agreement together with the Additional Agreements, sets forth the entire agreement of the parties with
respect to the subject matter hereof and thereof and supersedes all prior and contemporaneous understandings and agreements related
thereto (whether written or oral), all of which are merged herein. No provision of this Agreement or any Additional Agreement
may be explained or qualified by any agreement, negotiations, understanding, discussion, conduct or course of conduct or by any
trade usage. Except as otherwise expressly stated herein or any Additional Agreement, there is no condition precedent to the effectiveness
of any provision hereof or thereof. No party has relied on any representation from, or warranty or agreement of, any person in
entering into this Agreement, prior hereto or contemporaneous herewith or any Additional Agreement, except those expressly stated
herein or therein.

 

16.10         Setoff.
Purchaser shall have the right to set off against any amounts payable by Purchaser under this Agreement any amounts owed by any
Member to Purchaser or any other Purchaser Indemnitee.

 

16.11         Severability.
A determination by a court or other legal authority that any provision that is not of the essence of this Agreement is legally
invalid shall not affect the validity or enforceability of any other provision hereof. The parties shall cooperate in good faith
to substitute (or cause such court or other legal authority to substitute) for any provision so held to be invalid a valid provision,
as alike in substance to such invalid provision as is lawful.

 

16.12         Construction
of certain terms and references; captions. In this Agreement:

 

(a)          References
to particular sections and subsections, schedules, and exhibits not otherwise specified are cross-references to sections and subsections,
schedules, and exhibits of this Agreement.

 

(b)          The
words “herein,” “hereof,” “hereunder,” and words of similar import refer to this Agreement
as a whole and not to any particular provision of this Agreement, and, unless the context requires otherwise, “party”
means a party signatory hereto.

 

(c)          Any
use of the singular or plural, or the masculine, feminine, or neuter gender, includes the others, unless the context otherwise
requires; “including” means “including without limitation;” “or” means “and/or;”
“any” means “any one, more than one, or all;” and, unless otherwise specified, any financial or accounting
term has the meaning of the term under United States generally accepted accounting principles as consistently applied heretofore
by the Company.

 

(d)          Unless
otherwise specified, any reference to any agreement (including this Agreement), instrument, or other document includes all schedules,
exhibits, or other attachments referred to therein, and any reference to a statute or other law includes any rule, regulation,
ordinance, or the like promulgated thereunder, in each case, as amended, restated, supplemented, or otherwise modified from time
to time. Any reference to a numbered schedule means the same-numbered section of the disclosure schedule.

 

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(e)          If
any action is required to be taken or notice is required to be given within a specified number of days following a specific date
or event, the day of such date or event is not counted in determining the last day for such action or notice. If any action is
required to be taken or notice is required to be given on or before a particular day which is not a Business Day, such action or
notice shall be considered timely if it is taken or given on or before the next Business Day.

 

(f)          Captions
are not a part of this Agreement, but are included for convenience, only.

 

(g)          For
the avoidance of any doubt, all references in this Agreement to “the knowledge or best knowledge of the Company” or
similar terms shall be deemed to include the actual or constructive (e.g., implied by Law) knowledge of any Member and the Key
Personnel.

 

16.13         Further
Assurances. Each party shall execute and deliver such documents and take such action, as may reasonably be considered within
the scope of such party’s obligations hereunder, necessary to effectuate the transactions contemplated by this Agreement.

 

16.14         Third
Party Beneficiaries. Neither this Agreement nor any provision hereof confers any benefit or right upon or may be enforced
by any Person not a signatory hereto.

 

16.15         Waiver.
Reference is made to the final prospectus of the Parent, dated February 18, 2011 (the “Prospectus”). The Company
and the Members have read the Prospectus and understand that the Parent has established the Trust Account for the benefit of the
public stockholders of the Parent and the underwriters of the IPO pursuant to the Trust Agreement and that, except for a portion
of the interest earned on the amounts held in the Trust Account, the Parent may disburse monies from the Trust Account only for
the purposes set forth in the Trust Agreement. For and in consideration of the Parent agreeing to enter into this Agreement with
the Company, the Class A Members and the Preferred Members each hereby agrees that it does not have any right, title, interest
or claim of any kind in or to any monies in the Trust Account and hereby agrees that it will not seek recourse against the Trust
Account for any claim it may have in the future as a result of, or arising out of, any negotiations, contracts or agreements with
the Purchaser.

 

[The remainder of this
page intentionally left blank; signature pages to follow]

 

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IN WITNESS WHEREOF, Purchaser
and the Company have caused this Agreement to be duly executed by their respective authorized officers and the Members have executed
this Agreement as of the day and year first above written.

 

	 	Parent:
	 	 
	 	CHINA VANTAGEPOINT ACQUISITION COMPANY
	 	a Cayman Islands company
	 	 	 
	 	By:	/s/ Yiting Liu
	 	 	Name: Yiting Liu
	 	 	Title:   Co-Chair of the Board
	 	 	 
	 	Purchaser:
	 	 
	 	BDH Acquisition Corp.
	 	a Delaware corporation
	 	 
	 	By:	/s/Yiting Liu
	 	 	Name: Yiting Liu
	 	 	Title:   Co-Chair of the Board
	 	 	 
	 	Company:
	 	 
	 	BLACK DIAMOND HOLDINGS LLC
	 	a Colorado limited liability company,
	 	 
	 	Black Diamond Financial Group, LLC, its Manager
	 	 	 
	 	By:	/s/ Patrick Imeson
	 	 	Name: Patrick Imeson
	 	 	Title:   Manager
	 	 	 
	 	Manager:
	 	 
	 	BLACK DIAMOND FINANCIAL GROUP, LLC
	 	a Delaware limited liability company
	 	 
	 	By:	/s/ Patrick Imeson
	 	 	Name: Patrick Imeson
	 	 	Title:   Manager

 

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