Document:

Registration Rights Agreement dated as of May 20, 2005

 Exhibit 10.72 
  
 EXECUTION COPY 
  
 $150,000,000 
  
 BCI US FINANCE CORP. and BORDEN 2 NOVA SCOTIA FINANCE, ULC 
  
 $150,000,000 Second-Priority Senior Secured Floating Rate Notes Due 2010 
  
 REGISTRATION RIGHTS AGREEMENT 
  
 May 20, 2005 
  

	CREDIT	SUISSE FIRST BOSTON LLC 

	J.P.	MORGAN SECURITIES INC., 

	MORGAN	STANLEY & CO. INCORPORATED 

     c/o Credit Suisse First Boston LLC, 
         Eleven Madison Avenue, 
             New York, New York 10010-3629 
  
 Dear Sirs: 
  
 BCI US Finance Corp., a Delaware corporation, and Borden 2 Nova Scotia Finance, ULC, a Nova Scotia unlimited liability company (each, an
“Issuer”, and together, the “Issuers”), propose to jointly and severally issue and sell to Credit Suisse First Boston LLC, J.P. Morgan Securities Inc. and Morgan Stanley & Co. Incorporated (collectively,
the “Initial Purchasers”), upon the terms set forth in a purchase agreement dated as of May 16, 2005 (the “Purchase Agreement”), U.S. $150,000,000 principal amount of their Second-Priority Senior Secured Floating
Rate Notes Due 2010 (the “Initial Securities”) to be unconditionally guaranteed, following the consummation of the Combinations (as defined below) (the “Guarantees”), on a senior secured basis by Borden Chemical,
Inc. (the “Parent”) and each of the Parent’s subsidiaries set forth on Schedule B to the Purchase Agreement (the “Subsidiary Guarantors” and, together with the Parent, the “Guarantors”). The
Initial Securities will be issued pursuant to an indenture, dated as of the date hereof (the “Indenture”), among the Issuers, the Guarantors and The Wilmington Trust Company, as trustee (the “Trustee”). 

 
 Pursuant to a transaction agreement (the “Transaction
Agreement”) dated as of April 22, 2005 among Parent, RPP Holdings LLC, Resolution Specialty Materials Holdings LLC, BHI Acquisition Corp., BHI Merger Sub One Inc. and BHI Merger Sub Two Inc., Parent will combine with Resolution Performance
Products and Resolution Specialty Materials LLC (the “Combinations”). In connection with the Combinations, (i) BCI US Finance Corp. will merge with and into Borden U.S. Finance Corp., with Borden U.S. Finance Corp. surviving and
(ii) Borden 2 Nova Scotia Finance, ULC will amalgamate with Borden Nova Scotia Finance, ULC, with the amalgamated company being named Borden Nova Scotia Finance, ULC. Upon the satisfaction of certain conditions, including the consummation of the
Combinations, set forth in the Escrow Agreement (as defined in the Purchase Agreement) (the “Escrow Release Date”), Borden U.S. Finance Corp., Borden Nova Scotia Finance, ULC and the Guarantors will (a) enter into a supplemental
indenture relating to the Indenture, which will cause the obligations of the Issuers to be assumed by Borden U.S. Finance Corp. and Borden Nova Scotia Finance, ULC and to be guaranteed on an unconditional basis by the Guarantors and (b) execute
counterparts to this Agreement and the Purchase Agreement, which will cause Borden U.S. Finance Corp., Borden Nova Scotia Finance, ULC and the Guarantors to be bound by the terms of this Agreement and the Purchase Agreement. If the conditions set
forth in the Escrow Agreement are not satisfied, the Issuers will redeem the Initial Securities at a redemption price equal to 98.846% of the principal amount of the Initial Securities, plus accrued and unpaid interest thereon to the date of
redemption. 

 As an inducement to the Initial Purchasers to enter into the Purchase Agreement, the Issuers agree with
the Initial Purchasers, for the benefit of the Initial Purchasers and the holders of the Securities (as defined below) (collectively the “Holders”), as follows: 
  
 1. Registered Exchange Offer. Unless not permitted by applicable law, the Issuers shall prepare and use their
commercially reasonable efforts to file with the Securities and Exchange Commission (the “Commission”) a registration statement (the “Exchange Offer Registration Statement”) on an appropriate form under the
Securities Act of 1933, as amended (the “Securities Act”), with respect to a proposed offer (the “Registered Exchange Offer”) to the Holders of Transfer Restricted Securities (as defined in Section 6 hereof), who
are not prohibited by any law or policy of the Commission from participating in the Registered Exchange Offer, to issue and deliver to such Holders, in exchange for the Initial Securities, a like aggregate principal amount of debt securities (the
“Exchange Securities”) of the Company under the Indenture, substantially identical in all material respects to the Initial Securities (except for the transfer restrictions relating to the Initial Securities and the provisions
relating to the matters described in Section 6 hereof) and registered under the Securities Act. The Issuers shall use their commercially reasonable efforts (i) to cause such Exchange Offer Registration Statement to become effective under the
Securities Act and (ii) keep the Exchange Offer Registration Statement effective for not less than 20 business days (or longer, if required by applicable law) after the date notice of the Registered Exchange Offer is mailed to the Holders (such
period being called the “Exchange Offer Registration Period”). 
  
 If the Issuers commence the Registered Exchange Offer, the Issuers (i) will be entitled to consummate the Registered Exchange Offer 20 business days after such commencement (provided that the Issuers have accepted all
the Initial Securities theretofore validly tendered in accordance with the terms of the Registered Exchange Offer) and (ii) will be required to consummate the Registered Exchange Offer no later than 40 days after the date on which the Exchange Offer
Registration Statement is declared effective (such 40th day being the “Consummation Deadline”). 
  
 Following the declaration of the effectiveness of the Exchange Offer Registration Statement, the Issuers shall, as promptly as practicable, commence the
Registered Exchange Offer, it being the objective of such Registered Exchange Offer to enable each Holder of Transfer Restricted Securities (as defined in Section 6 hereof) electing to exchange the Initial Securities for Exchange Securities
(assuming that such Holder is not an affiliate of the Issuers within the meaning of the Securities Act, acquires the Exchange Securities in the ordinary course of such Holder’s business and has no arrangements with any person to participate in
the distribution of the Exchange Securities and is not prohibited by any law or policy of the Commission from participating in the Registered Exchange Offer) to trade such Exchange Securities from and after their receipt without any limitations or
restrictions under the Securities Act and without material restrictions under the securities laws of the several states of the United States. 
  
 The Issuers acknowledge that, pursuant to current interpretations by the Commission’s staff of Section 5 of the Securities Act, in the absence of an
applicable exemption therefrom, (i) each Holder which is a broker-dealer electing to exchange Initial Securities, acquired for its own account as a result of market making activities or other trading activities, for Exchange Securities (an
“Exchanging Dealer”), is required to deliver a prospectus containing the information set forth in (a) Annex A hereto on the cover, (b) Annex B hereto in the “Exchange Offer Procedures” section and the “Purpose of the
Exchange Offer” section, and (c) Annex C hereto in the “Plan of Distribution” section of such prospectus in connection with a sale of any such Exchange Securities received by such Exchanging Dealer pursuant to the Registered Exchange
Offer and (ii) an Initial Purchaser that elects to sell Securities (as defined below) acquired in exchange for Initial Securities constituting any portion of an unsold allotment is required to deliver a prospectus containing the information required
by Items 507 or 508 of Regulation S-K under the Securities Act, as applicable, in connection with such sale. 
  
 The Issuers shall keep the Exchange Offer Registration Statement effective and shall amend and supplement the prospectus contained therein, in order to
permit such prospectus to be lawfully delivered by all persons subject to the prospectus delivery requirements of the Securities Act for such period of time as such persons must comply with such requirements in order to resell the Exchange
Securities; provided, however, that (i) in the case where such prospectus and any amendment or supplement thereto must be delivered by an Exchanging Dealer or an Initial Purchaser, such period shall be the lesser of 180 days and the
date on which all Exchanging Dealers and the Initial Purchasers have sold all Exchange Securities held by them (unless such period is extended pursuant to Section 3(j) below) and (ii) the Issuers shall make such 

  

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prospectus and any amendment or supplement thereto available to any broker-dealer for use in connection with any resale of any Exchange Securities for a
period of not less than 180 days after the consummation of the Registered Exchange Offer (or such shorter period during which such persons are required by applicable law to deliver such prospectus). 
  
 If, upon consummation of the Registered Exchange Offer, any Initial Purchaser
holds Initial Securities acquired by it as part of its initial distribution, the Issuers, simultaneously with the delivery of the Exchange Securities pursuant to the Registered Exchange Offer, shall issue and deliver to such Initial Purchaser upon
the written request of such Initial Purchaser, in exchange (the “Private Exchange”) for the Initial Securities held by such Initial Purchaser, a like principal amount of debt securities of the Issuers issued under the Indenture and
identical in all material respects (including the existence of restrictions on transfer under the Securities Act and the securities laws of the several states of the United States, but excluding provisions relating to the matters described in
Section 6 hereof) to the Initial Securities (the “Private Exchange Securities”). The Initial Securities, the Exchange Securities and the Private Exchange Securities are herein collectively called the “Securities”.

  
 In connection with the Registered Exchange Offer, the Issuers
shall: 
  
 (a) mail to each Holder a copy of the
prospectus forming part of the Exchange Offer Registration Statement, together with an appropriate letter of transmittal and related documents; 
  
 (b) keep the Registered Exchange Offer open for not less than 20 business days (or longer, if required by applicable law) after the date
notice thereof is mailed to the Holders; 
  
 (c)
utilize the services of a depositary for the Registered Exchange Offer with an address in the Borough of Manhattan, The City of New York, which may be the Trustee or an affiliate of the Trustee; 
  
 (d) permit Holders to withdraw tendered Securities at any
time prior to the close of business, New York time, on the last business day on which the Registered Exchange Offer shall remain open; and 
  
 (e) otherwise comply in all material respects with all applicable laws. 
  
 As soon as practicable after the close of the Registered Exchange Offer or the Private Exchange, as the case may be, the
Issuers shall: 
  
 (x) accept for exchange all
the Securities validly tendered and not withdrawn pursuant to the Registered Exchange Offer and the Private Exchange; 
  
 (y) deliver to the Trustee for cancellation all the Initial Securities so accepted for exchange; and 
  
 (z) cause the Trustee to authenticate and deliver promptly
to each Holder of the Initial Securities, Exchange Securities or Private Exchange Securities, as the case may be, equal in principal amount to the Initial Securities of such Holder so accepted for exchange. 
  
 The Indenture will provide that the Exchange Securities will not be subject
to the transfer restrictions set forth in the Indenture and that all the Securities will vote and consent together on all matters as one class and that none of the Securities will have the right to vote or consent as a class separate from one
another on any matter. 
  
 Interest on each Exchange Security and
Private Exchange Security issued pursuant to the Registered Exchange Offer and in the Private Exchange will accrue from the last interest payment date on which interest was paid on the Initial Securities surrendered in exchange therefor or, if no
interest has been paid on the Initial Securities, from the date of original issue of the Initial Securities. 
  

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 Each Holder participating in the Registered Exchange Offer shall be required to represent in writing
(which may be contained in the applicable letter of transmittal) to the Issuers that at the time of the consummation of the Registered Exchange Offer (i) any Exchange Securities received by such Holder will be acquired in the ordinary course of
business, (ii) such Holder will have no arrangements or understanding with any person to participate in the distribution of the Securities or the Exchange Securities within the meaning of the Securities Act, (iii) such Holder is not an
“affiliate,” as defined in Rule 405 of the Securities Act, of the Issuers or if it is an affiliate, such Holder will comply with the registration and prospectus delivery requirements of the Securities Act to the extent applicable, (iv) if
such Holder is not a broker-dealer, that it is not engaged in, and does not intend to engage in, the distribution of the Exchange Securities and (v) if such Holder is a broker-dealer, that it will receive Exchange Securities for its own account in
exchange for Initial Securities that were acquired as a result of market-making activities or other trading activities and that it will be required to acknowledge that it will deliver a prospectus in connection with any resale of such Exchange
Securities. 
  
 Notwithstanding any other provisions hereof, the
Issuers will ensure that (i) any Exchange Offer Registration Statement and any amendment thereto and any prospectus forming part thereof and any supplement thereto complies as to form in all material respects with the Securities Act and the rules
and regulations thereunder, (ii) any Exchange Offer Registration Statement and any amendment thereto does not, when it becomes effective, contain an untrue statement of a material fact or omit to state a material fact required to be stated therein
or necessary to make the statements therein not misleading and (iii) any prospectus forming part of any Exchange Offer Registration Statement, and any supplement to such prospectus, does not include an 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 therein, in the light of the circumstances under which they were made, not misleading. 
  
 2. Shelf Registration. If, (i) because of any change in law or in applicable interpretations thereof by the staff of
the Commission, the Issuers are not permitted to effect a Registered Exchange Offer, as contemplated by Section 1 hereof, (ii) the Registered Exchange Offer is not consummated by the 300th day after the Escrow Release Date, (iii) any Initial Purchaser so requests in writing on or prior to the 60th day after the consummation of the Registered Exchange Offer with respect to the Initial Securities (or the Private Exchange Securities) not eligible to be
exchanged for Exchange Securities in the Registered Exchange Offer and held by it following consummation of the Registered Exchange Offer or (iv) any Holder (other than an Exchanging Dealer) is not eligible to participate in the Registered Exchange
Offer or, in the case of any Holder (other than an Exchanging Dealer) that participates in the Registered Exchange Offer, such Holder does not receive freely tradeable Exchange Securities on the date of the exchange or may not resell the Exchange
Securities acquired by it in the Registered Exchange Offer to the public without delivering a prospectus, and any such Holder so requests in writing on or prior to the 60th day after the consummation of the Registered Exchange Offer, the Issuers
shall take the following actions (the date on which any of the conditions described in the foregoing clauses (i) through (iv) occur, including in the case of clauses (iii) or (iv) the receipt of the required notice, being a “Trigger
Date”): 
  
 (a) The Issuers shall, at
their cost, file with the Commission and thereafter use their commercially reasonable efforts to cause to be declared effective (x) in the case of a Shelf Registration Statement filed pursuant to clause (i) of the foregoing paragraph, no later than
300 days after the Escrow Release Date and (y) in the case of a Shelf Registration Statement filed pursuant to clause (ii), (iii) or (iv) of the foregoing paragraph, no later than the later of (i) the 300th day after the Escrow Release Date and (ii)
the 60th day after the Trigger Date (such 300th day or such 60th day, as
the case may be, being an “Effectiveness Deadline”) a registration statement (the “Shelf Registration Statement” and, together with the Exchange Offer Registration Statement, a “Registration
Statement”) on an appropriate form under the Securities Act relating to the offer and sale of the Transfer Restricted Securities by the Holders thereof from time to time in accordance with the methods of distribution set forth in the Shelf
Registration Statement and Rule 415 under the Securities Act (hereinafter, the “Shelf Registration”); provided, however, that 

  

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no Holder (other than an Initial Purchaser) shall be entitled to have the Securities held by it covered by such Shelf Registration Statement unless such
Holder agrees in writing to be bound by all the provisions of this Agreement applicable to such Holder. 
  
 (b) The Issuers shall use their commercially reasonable efforts to keep the Shelf Registration Statement continuously effective in order
to permit the prospectus included therein to be lawfully delivered by the Holders of the relevant Securities, for a period of two years (or for such longer period if extended pursuant to Section 3(j) below) from the date of its effectiveness or such
shorter period that will terminate when all the Securities covered by the Shelf Registration Statement (i) have been sold pursuant thereto or (ii) can be sold pursuant to Rule 144 under the Securities Act, without any limitations under clauses (c),
(e), (f) and (h) thereof. 
  
 (c) Notwithstanding
any other provisions of this Agreement to the contrary, the Issuers shall cause the Shelf Registration Statement and the related prospectus and any amendment or supplement thereto, as of the effective date of the Shelf Registration Statement,
amendment or supplement, (i) to comply as to form in all material respects with the applicable requirements of the Securities Act and the rules and regulations of the Commission and (ii) not to 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 therein, in light of the circumstances under which they were made, not misleading. 
  
 3. Registration Procedures. In connection with any Shelf Registration contemplated by Section 2 hereof and, to the
extent applicable, any Registered Exchange Offer contemplated by Section 1 hereof, the following provisions shall apply: 
  
 (a) The Issuers shall (i) furnish to each Initial Purchaser, prior to the filing thereof with the Commission, a copy of the Registration
Statement and each amendment thereof and each supplement, if any, to the prospectus included therein and, in the event that an Initial Purchaser (with respect to any portion of an unsold allotment from the original offering) is participating in the
Registered Exchange Offer or the Shelf Registration Statement, the Issuers shall use their commercially reasonable efforts to reflect in each such document, when so filed with the Commission, such comments as such Initial Purchaser reasonably may
propose; (ii) include the information set forth in Annex A hereto on the cover, in Annex B hereto in the “Exchange Offer Procedures” section and the “Purpose of the Exchange Offer” section and in Annex C hereto in the “Plan
of Distribution” section of the prospectus forming a part of the Exchange Offer Registration Statement and include the information set forth in Annex D hereto in the Letter of Transmittal delivered pursuant to the Registered Exchange Offer;
(iii) if requested by an Initial Purchaser in writing, include the information required by Items 507 or 508 of Regulation S-K under the Securities Act, as applicable, in the prospectus forming a part of the Exchange Offer Registration Statement;
(iv) include within the prospectus contained in the Exchange Offer Registration Statement a section entitled “Plan of Distribution,” reasonably acceptable to the Initial Purchasers, which shall contain a summary statement of the positions
taken or policies made by the staff of the Commission with respect to the potential “underwriter” status of any broker-dealer that is the beneficial owner (as defined in Rule 13d-3 under the Securities Exchange Act of 1934, as amended (the
“Exchange Act”)) of Exchange Securities received by such broker-dealer in the Registered Exchange Offer (a “Participating Broker-Dealer”), whether such positions or policies have been publicly disseminated by the
staff of the Commission or such positions or policies, in the reasonable judgment of the Initial Purchasers based upon advice of counsel (which may be in-house counsel), represent the prevailing views of the staff of the Commission; and (v) in the
case of a Shelf Registration Statement and subject to subsection (n) below, include the names of the Holders who propose to sell Securities pursuant to the Shelf Registration Statement as selling securityholders. 
  
 (b) The Issuers shall give written notice to the Initial
Purchasers, any Participating Broker-Dealer from whom the Issuers have received prior written notice that it will be a Participating Broker-Dealer in the Registered Exchange Offer and, in the case of a Shelf 

  

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Registration only, each Holder of the Securities (which notice pursuant to clauses (ii)-(v) hereof shall be accompanied by an instruction to suspend the use
of the prospectus until the requisite changes have been made): 
  
 (i) when the Registration Statement or any post-effective amendment thereto has become effective; 
  
 (ii) of any request by the Commission after the Registration Statement has become effective for amendments or supplements to the
Registration Statement or the prospectus included therein or for additional information; 
  
 (iii) of the issuance by the Commission of any stop order suspending the effectiveness of the Registration Statement or the initiation of
any proceedings for that purpose; 
  
 (iv) of the
receipt by the Issuers or their legal counsel of any notification with respect to the suspension of the qualification of the Securities for sale in any jurisdiction or the initiation or threatening of any proceeding for such purpose; and 

 
 (v) of the happening of any event during the period that
the Registration Statement is effective that requires the Issuers to make changes in the Registration Statement or the prospectus in order that the Registration Statement or the prospectus do not contain an untrue statement of a material fact nor
omit to state a material fact required to be stated therein or necessary to make the statements therein (in the case of the prospectus, in light of the circumstances under which they were made) not misleading. 
  
 (c) The Issuers shall make every reasonable effort to obtain
the withdrawal at the earliest possible time of any order suspending the effectiveness of the Registration Statement. 
  
 (d) The Issuers shall furnish to each Holder of Securities included within the coverage of the Shelf Registration, without charge, at
least one copy of the Shelf Registration Statement and any post-effective amendment thereto, including financial statements and schedules, and, if the Holder so requests in writing, all exhibits thereto (including those, if any, incorporated by
reference). 
  
 (e) The Issuers shall deliver to
each Exchanging Dealer and each Initial Purchaser, and to any other Holder who so requests, without charge, at least one copy of the Exchange Offer Registration Statement and any post-effective amendment thereto, including financial statements and
schedules, and, if any Initial Purchaser or any such Holder requests, all exhibits thereto (including those incorporated by reference). 
  
 (f) The Issuers shall, during the Shelf Registration Period, deliver to each Holder of Securities included within the coverage of the
Shelf Registration, without charge, as many copies of the prospectus (including each preliminary prospectus) included in the Shelf Registration Statement and any amendment or supplement thereto as such person may reasonably request. The Issuers
consent, subject to the provisions of this Agreement, to the use of the prospectus or any amendment or supplement thereto by each of the selling Holders of the Securities in connection with the offering and sale of the Securities covered by the
prospectus, or any amendment or supplement thereto, included in the Shelf Registration Statement. 
  
 (g) The Issuers shall deliver to each Initial Purchaser, any Exchanging Dealer, any Participating Broker-Dealer and such other persons
required to deliver a prospectus following the Registered Exchange Offer, without charge, as many copies of the final prospectus included in the Exchange Offer Registration Statement and any amendment or supplement thereto as such persons may
reasonably request. The Issuers consent, subject to the provisions of this Agreement, to the 

  

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use of the prospectus or any amendment or supplement thereto by any Initial Purchaser, if necessary, any Participating Broker-Dealer and such other persons
required to deliver a prospectus following the Registered Exchange Offer in connection with the offering and sale of the Exchange Securities covered by the prospectus, or any amendment or supplement thereto, included in such Exchange Offer
Registration Statement. 
  
 (h) Prior to any
public offering of the Securities pursuant to any Registration Statement the Issuers shall use their commercially reasonable efforts to register or qualify or cooperate with the Holders of the Securities included therein and their respective counsel
in connection with the registration or qualification of the Securities for offer and sale under the securities or “blue sky” laws of such states of the United States as any Holder of the Securities reasonably requests in writing and do any
and all other acts or things necessary or advisable to enable the offer and sale in such jurisdictions of the Securities covered by such Registration Statement; provided, however, that the Issuers shall not be required to (i) qualify
generally to do business or as a dealer in securities in any jurisdiction where it is not then so qualified or (ii) take any action which would subject it to general service of process or to taxation in any jurisdiction where it is not then so
subject. 
  
 (i) The Issuers shall cooperate with
the Holders of the Securities to facilitate the timely preparation and delivery of certificates representing the Securities to be sold pursuant to any Registration Statement free of any restrictive legends and in such denominations and registered in
such names as the Holders may request a reasonable period of time prior to sales of the Securities pursuant to such Registration Statement. 
  
 (j) Upon the occurrence of any event contemplated by paragraphs (ii) through (v) of Section 3(b) above during the period for which the
Issuers are required to maintain an effective Registration Statement, the Issuers shall promptly prepare and file a post-effective amendment to the Registration Statement or a supplement to the related prospectus and any other required document so
that, as thereafter delivered to Holders of the Securities or purchasers of Securities, the prospectus will not contain an untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the
statements therein, in light of the circumstances under which they were made, not misleading. If the Parent notifies the Initial Purchasers, the Holders of the Securities and any known Participating Broker-Dealer in accordance with paragraphs (ii)
through (v) of Section 3(b) above to suspend the use of the prospectus until the requisite changes to the prospectus have been made, then the Initial Purchasers, the Holders of the Securities and any such Participating Broker-Dealers shall suspend
use of such prospectus and expressly agree to maintain the information contained in such notice confidential (except that such information may be disclosed to its counsel) until it has been publicly disclosed by the Parent; notwithstanding the
foregoing, the Issuers shall not be required to amend or supplement a Registration Statement or any related prospectus if (i) an event occurs and is continuing as a result of which the Shelf Registration or any related prospectus would, in the
Parent’s good faith judgment, contain an untrue statement of a material fact or omit to state a material fact necessary in order to make the statements therein not misleading (with respect to such prospectus only, in light of the circumstances
under which they were made) and (ii) (a) the Parent determines in its good faith judgment that the disclosure of such event at such time would have a material adverse effect on its business, operations or prospects or (b) the disclosure otherwise
relates to a pending material business transaction that has not yet been publicly disclosed; and the period of effectiveness of the Shelf Registration Statement provided for in Section 2(b) above and the Exchange Offer Registration Statement
provided for in Section 1 above shall each be extended by the number of days from and including the date of the giving of such notice to and including the date when the Initial Purchasers, the Holders of the Securities and any known Participating
Broker-Dealer shall have received such amended or supplemented prospectus pursuant to this Section 3(j). 
  

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 (k) Not later than the effective date of the applicable Registration Statement, the
Issuers will provide a CUSIP number for the Initial Securities, the Exchange Securities or the Private Exchange Securities, as the case may be. 
  
 (l) The Issuers will comply with all rules and regulations of the Commission to the extent and so long as they are applicable to the
Registered Exchange Offer or the Shelf Registration and will make generally available to their security holders (or otherwise provide in accordance with Section 11(a) of the Securities Act) an earning statement satisfying the provisions of Section
11(a) of the Securities Act, no later than 50 days after the end of a 12-month period (or 105 days, if such period is a fiscal year) beginning with the first month of the Parent’s first fiscal quarter commencing after the effective date of the
Registration Statement, which statement shall cover such 12-month period. 
  
 (m) The Issuers shall cause the Indenture to be qualified under the Trust Indenture Act of 1939, as amended, in a timely manner and containing such changes, if any, as shall be necessary for such qualification. In the
event that such qualification would require the appointment of a new trustee under the Indenture, the Issuers shall appoint a new trustee thereunder pursuant to the applicable provisions of the Indenture. 
  
 (n) The Issuers may require each Holder of Securities to be
sold pursuant to the Shelf Registration Statement to furnish to the Issuers such information regarding the Holder and the distribution of the Securities as the Issuers may from time to time reasonably require for inclusion in the Shelf Registration
Statement, and the Issuers may exclude from such registration the Securities of any Holder that fails to furnish such information within a reasonable time after receiving such request. 
  
 (o) In the case of an offering of Securities to an underwriter or underwriters for reoffering to the public
(an “Underwritten Offering”) pursuant to any Shelf Registration, the Issuers shall enter into such customary agreements (including, if requested, an underwriting agreement in customary form) and take all such other action, if any,
as any Holder of the Securities shall reasonably request in order to facilitate the disposition of the Securities pursuant to any Shelf Registration. 
  
 (p) In the case of any Shelf Registration, the Parent shall (i) make reasonably available for inspection by the Holders of the Securities,
any underwriter participating in any disposition pursuant to the Shelf Registration Statement and any attorney, accountant or other agent retained by the Holders of the Securities or any such underwriter, at reasonable times and in a reasonable
manner, all relevant financial and other records, pertinent corporate documents and properties of the Parent and (ii) cause the Parent’s officers, directors, employees, accountants and auditors to supply all relevant information reasonably
requested by the Holders of the Securities or any such underwriter, attorney, accountant or agent in connection with the Shelf Registration Statement, in each case, as shall be reasonably necessary to enable such persons to conduct a reasonable
investigation within the meaning of Section 11 of the Securities Act; provided, however, that the foregoing inspection and information gathering shall be coordinated on behalf of the Initial Purchasers by you and on behalf of the other
parties, by one counsel designated by and on behalf of such other parties as described in Section 4 hereof; and provided, further, that each such Holder, underwriter, attorney, accountant or agent shall agree in writing that it will
keep such information confidential and that it will not disclose any of the information that the Parent determines, in good faith, to be confidential and notifies them in writing are confidential unless (A) the disclosure of such information is
necessary to avoid or correct a material misstatement or material omission in such Registration Statement or prospectus, (B) the release of such information is ordered pursuant to a subpoena or other order from a court of competent jurisdiction, or
is reasonably necessary in order to establish a “due diligence” defense pursuant to Section 11 of the Securities Act, or (C) the information has been made generally available to the public other than by any of such persons or their
respective affiliates; provided, however, that prior notice shall be provided as soon as practicable to the Parent of the potential disclosure of any information by such person pursuant to clause (A) or (B) of this sentence in order to
permit the Issuers to obtain a protective order (or to waive the provisions of this paragraph (p)). 
  

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 (q) In the case of an Underwritten Offering pursuant to any Shelf Registration, the
Issuers, if requested by any Holder of Securities covered thereby, shall cause (i) its counsel to deliver an opinion and updates thereof relating to the Securities in customary form and covering matters customarily covered in opinions delivered in
connection with such transactions and addressed to such Holders and the managing underwriters, if any, thereof and dated, in the case of the initial opinion, the effective date of such Shelf Registration Statement; (ii) its officers to execute and
deliver all customary documents and certificates and updates thereof requested by any underwriters of the applicable Securities and (iii) its independent public accountants to provide to the selling Holders of the applicable Securities and any
underwriter therefor a comfort letter in customary form and covering matters of the type customarily covered in comfort letters in connection with primary underwritten offerings, subject to receipt of appropriate documentation as contemplated, and
only if permitted, by Statement of Auditing Standards No. 72. 
  
 (r) If a Registered Exchange Offer or a Private Exchange is to be consummated, upon delivery of the Initial Securities by Holders to the Issuers (or to such other Person as directed by the Issuers) in exchange for the
Exchange Securities or the Private Exchange Securities, as the case may be, the Issuers shall mark, or cause to be marked, on the Initial Securities so exchanged that such Initial Securities are being canceled in exchange for the Exchange Securities
or the Private Exchange Securities, as the case may be; in no event shall the Initial Securities be marked as paid or otherwise satisfied. 
  
 (s) The Issuers will use their commercially reasonable efforts to (a) if the Initial Securities have been rated prior to the initial sale
of such Initial Securities, confirm such ratings will apply to the Securities covered by a Registration Statement, or (b) if the Initial Securities were not previously rated, cause the Securities covered by a Registration Statement to be rated with
the appropriate rating agencies, if so requested by Holders of a majority in aggregate principal amount of Securities covered by such Registration Statement, or by the managing underwriters, if any. 
  
 (t) In the event that any broker-dealer registered under the
Exchange Act shall underwrite any Securities or participate as a member of an underwriting syndicate or selling group or “assist in the distribution” (within the meaning of the Conduct Rules (the “Rules”) of the National
Association of Securities Dealers, Inc. (“NASD”)) thereof, whether as a Holder of such Securities or as an underwriter, a placement or sales agent or a broker or dealer in respect thereof, or otherwise, the Issuers will cooperate
with such broker-dealer in complying with the requirements of such Rules, including, without limitation, by (i) if such Rules, including Rule 2720, shall so require, at the expense of the Holders, engaging a “qualified independent
underwriter” (as defined in Rule 2720) to participate in the preparation of the Registration Statement relating to such Securities, to exercise usual standards of due diligence in respect thereto and, if any portion of the offering contemplated
by such Registration Statement is an underwritten offering or is made through a placement or sales agent, to recommend the yield of such Securities, (ii) indemnifying any such qualified independent underwriter to the extent of the indemnification of
underwriters provided in Section 5 hereof and (iii) providing such information to such broker-dealer as may be required in order for such broker-dealer to comply with the requirements of the Rules. 
  
 4. Registration Expenses. All expenses incident to the Issuers’
performance of and compliance with this Agreement will be borne by the Issuers, regardless of whether a Registration Statement is ever filed or becomes effective, including without limitation; 
  
 (a) all registration and filing fees and expenses;

  
 (b) all fees and expenses of compliance with
federal securities and state “blue sky” or securities laws; 
  

 9 

 (c) all expenses of printing (including printing of Prospectuses), messenger and delivery
services and telephone; 
  
 (d) all fees and
disbursements of counsel for the Issuers; and 
  
 (e) all fees and disbursements of independent certified public accountants of the Parent (including the expenses of any special audit and comfort letters required by or incident to such performance). 
  
 The Issuers will bear their internal expenses (including, without
limitation, all salaries and expenses of their or the Parent’s officers and employees performing legal or accounting duties), the expenses of any annual audit and the fees and expenses of any person, including special experts, retained by the
Issuers or the Parent. Each Holder shall pay all underwriting discounts and commissions, and the fees of any counsel retained by or on behalf of the underwriters, and transfer taxes, if any, related to the sale or disposition of a Holder’s
Securities pursuant to any Shelf Registration Statement. 
  
 5.
Indemnification. 
  
 (a) The Issuers agree to
indemnify and hold harmless each Holder of the Securities, any Participating Broker-Dealer and each person, if any, who controls such Holder or such Participating Broker-Dealer within the meaning of the Securities Act or the Exchange Act (each
Holder, any Participating Broker-Dealer and such controlling persons are referred to collectively as the “Indemnified Parties”) from and against any losses, claims, damages or liabilities, joint or several, or any actions in
respect thereof (including, but not limited to, any losses, claims, damages, liabilities or actions relating to purchases and sales of the Securities) to which each Indemnified Party may become subject under the Securities Act, the Exchange Act or
otherwise, insofar as such losses, claims, damages, liabilities or actions arise out of or are based upon any untrue statement or alleged untrue statement of a material fact contained in a Registration Statement or prospectus or in any amendment or
supplement thereto or in any preliminary prospectus relating to a Shelf Registration, or arise out of, or are based upon, the omission or alleged omission to state therein a material fact required to be stated therein or necessary to make the
statements therein not misleading, and shall reimburse, as incurred, the Indemnified Parties for any legal or other expenses reasonably incurred by them in connection with investigating or defending any such loss, claim, damage, liability or action
in respect thereof; provided, however, that (i) the Issuers shall not be liable in any such case to the extent that such loss, claim, damage or liability arises out of or is based upon any untrue statement or alleged untrue statement
or omission or alleged omission made in a Registration Statement or prospectus or in any amendment or supplement thereto or in any preliminary prospectus relating to a Shelf Registration in reliance upon and in conformity with written information
pertaining to such Holder and furnished to the Issuers by or on behalf of such Holder specifically for inclusion therein and (ii) with respect to any untrue statement or omission or alleged untrue statement or omission made in any preliminary
prospectus relating to a Shelf Registration Statement, the indemnity agreement contained in this subsection (a) shall not inure to the benefit of any Holder or Participating Broker-Dealer from whom the person asserting any such losses, claims,
damages or liabilities purchased the Securities concerned, to the extent that a prospectus relating to such Securities was required to be delivered by such Holder or Participating Broker-Dealer under the Securities Act in connection with such
purchase and any such loss, claim, damage or liability of such Holder or Participating Broker-Dealer results from the fact that there was not sent or given to such person, at or prior to the written confirmation of the sale of such Securities to
such person, a copy of the final prospectus if the Issuers had previously furnished copies thereof to such Holder or Participating Broker-Dealer; provided further, however, that this indemnity agreement will be in addition to
any liability which the Issuers may otherwise have to such Indemnified Party. The Issuers shall also indemnify underwriters, their officers and directors and each person who controls such underwriters within the meaning of the Securities Act or the
Exchange Act to the same extent as provided above with respect to the indemnification of the Holders of the Securities if requested by such Holders. 
  

 10 

 (b) Each Holder of the Securities, severally and not jointly, will indemnify and hold
harmless the Issuers and each person, if any, who controls the Issuers within the meaning of the Securities Act or the Exchange Act from and against any losses, claims, damages or liabilities or any actions in respect thereof, to which the Issuers
or any such controlling person may become subject under the Securities Act, the Exchange Act or otherwise, insofar as such losses, claims, damages, liabilities or actions arise out of or are based upon any untrue statement or alleged untrue
statement of a material fact contained in a Registration Statement or prospectus or in any amendment or supplement thereto or in any preliminary prospectus relating to a Shelf Registration, or arise out of or are based upon the omission or alleged
omission to state therein a material fact necessary to make the statements therein not misleading, but in each case only to the extent that the untrue statement or omission or alleged untrue statement or omission was made in reliance upon and in
conformity with written information pertaining to such Holder and furnished to the Issuers by or on behalf of such Holder specifically for inclusion therein; and, subject to the limitation set forth immediately preceding this clause, shall
reimburse, as incurred, the Issuers for any legal or other expenses reasonably incurred by the Issuers or any such controlling person in connection with investigating or defending any loss, claim, damage, liability or action in respect thereof. This
indemnity agreement will be in addition to any liability which such Holder may otherwise have to the Issuers or any of their controlling persons. 
  
 (c) Promptly after receipt by an indemnified party under this Section 5 of notice of the commencement of any action or proceeding
(including a governmental investigation), such indemnified party will, if a claim in respect thereof is to be made against the indemnifying party under this Section 5, notify the indemnifying party of the commencement thereof; but the failure to
notify the indemnifying party shall not relieve the indemnifying party from any liability that it may have under subsection (a) or (b) above except to the extent that it has been materially prejudiced (through the forfeiture of substantive rights or
defenses) by such failure; and provided further that the failure to notify the indemnifying party shall not relieve it from any liability that it may have to an indemnified party otherwise than under subsection (a) or (b) above. In case any such
action is brought against any indemnified party, and it notifies the indemnifying party of the commencement thereof, the indemnifying party will be entitled to participate therein and, to the extent that it may wish, jointly with any other
indemnifying party similarly notified, to assume the defense thereof, with counsel reasonably satisfactory to such indemnified party (which counsel shall not, except with the consent of the indemnified party, be counsel to the indemnifying party),
and after notice from the indemnifying party to such indemnified party of its election so to assume the defense thereof the indemnifying party will not be liable to such indemnified party under this Section 5 for any legal or other expenses, other
than reasonable costs of investigation, subsequently incurred by such indemnified party in connection with the defense thereof. In any such proceeding, any indemnified party shall have the right to retain its own counsel, but the fees and expenses
of such counsel shall be at the expense of such indemnified party unless (i) the indemnifying party and the indemnified party shall have mutually agreed to the contrary; (ii) the indemnifying party has failed within a reasonable time to retain
counsel reasonably satisfactory to the indemnified party; (iii) the indemnified party shall have reasonably concluded that there may be legal defenses available to it that are different from or in addition to those available to the indemnifying
party: or (iv) the named parties in any such proceeding (including any impleaded parties) include both the indemnifying party and the indemnified party and representation of both parties by the same counsel would be inappropriate due to actual or
potential differing interests between them. It is understood and agreed that the indemnifying party shall not, in connection with any proceeding or related proceeding in the same jurisdiction, be liable for the fees and expenses or more than one
separate firm (in addition to any local counsel) for all indemnified parties, and that all such fees and expenses shall be reimbursed as they are incurred. Any such separate firm for any Initial Purchaser, its affiliates, directors and officers and
any control persons of such Initial Purchaser shall be designated in writing by CSFB and any such separate firm for the Issuers, the Guarantors, their directors and officers and any control persons of the Issuers and the Guarantors shall be
designated in writing by the Issuers. No indemnifying party shall, without the prior written consent of the indemnified party; provided that such consent is not unreasonably withheld or delayed, effect any settlement of any pending or threatened
action in respect of which 

  

 11 

 
any indemnified party is or could have been a party and indemnity could have been sought hereunder by such indemnified party unless such settlement (i)
includes an unconditional release of such indemnified party from all liability on any claims that are the subject matter of such action, and (ii) does not include a statement as to or an admission of fault, culpability or a failure to act by or on
behalf of any indemnified party. 
  
 (d) If the
indemnification provided for in this Section 5 is unavailable or insufficient (although applicable in accordance with its terms) to hold harmless an indemnified party under subsections (a) or (b) above, then each indemnifying party shall contribute
to the amount paid or payable by such indemnified party as a result of the losses, claims, damages or liabilities (or actions in respect thereof) referred to in subsection (a) or (b) above (i) in such proportion as is appropriate to reflect the
relative benefits received by the indemnifying party or parties on the one hand and the indemnified party on the other from the exchange of the Securities, pursuant to the Registered Exchange Offer, or (ii) if the allocation provided by the
foregoing clause (i) is not permitted by applicable law, in such proportion as is appropriate to reflect not only the relative benefits referred to in clause (i) above but also the relative fault of the indemnifying party or parties on the one hand
and the indemnified party on the other in connection with the statements or omissions that resulted in such losses, claims, damages or liabilities (or actions in respect thereof) as well as any other relevant equitable considerations. The relative
fault of the parties shall be determined by reference to, among other things, whether the untrue or alleged untrue statement of a material fact or the omission or alleged omission to state a material fact relates to information supplied by the
Issuers on the one hand or such Holder or such other indemnified party, as the case may be, on the other, and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such statement or omission. The
amount paid by an indemnified party as a result of the losses, claims, damages or liabilities referred to in the first sentence of this subsection (d) shall be deemed to include any legal or other expenses reasonably incurred by such indemnified
party in connection with investigating or defending any action or claim which is the subject of this subsection (d). Notwithstanding any other provision of this Section 5(d), the Holders of the Securities shall not be required to contribute any
amount in excess of the amount by which the net proceeds received by such Holders from the sale of the Securities pursuant to a Registration Statement exceeds the amount of damages which such Holders have otherwise been required to pay by reason of
such untrue or alleged untrue statement or omission or alleged omission. No person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any person who was not
guilty of such fraudulent misrepresentation. For purposes of this paragraph (d), each person, if any, who controls such indemnified party within the meaning of the Securities Act or the Exchange Act shall have the same rights to contribution as such
indemnified party and each person, if any, who controls the Issuers within the meaning of the Securities Act or the Exchange Act shall have the same rights to contribution as the Issuers. 
  
 (e) The agreements contained in this Section 5 shall survive
the sale of the Securities pursuant to a Registration Statement and shall remain in full force and effect, regardless of any termination or cancellation of this Agreement or any investigation made by or on behalf of any indemnified party.

  
 6. Additional Interest Under Certain Circumstances.

  
 (a) Additional interest (the
“Additional Interest”) with respect to the Securities shall be assessed as follows if any of the following events occur (each such event in clauses (i) through (i) below being herein called a “Registration
Default”): 
  
 (i) if the Issuers fail
to file the Exchange Offer Registration Statement or a Shelf Registration Statement with the Commission on or prior to the 180th day after the Escrow Release Date; 
  

 12 

 (ii) if the Registered Exchange Offer is not consummated by the 300th day after the Escrow Release Date; 
  

(iii) if obligated to file a Shelf Registration Statement pursuant to Section 2(i), a Shelf Registration Statement is not declared
effective by the Commission by the 300th day after the Escrow Release Date; 
  
 (iv) if obligated to file a Shelf Registration Statement
pursuant to Section 2(ii), (iii) or (iv), the Issuers fail to file the Shelf Registration Statement with the Commission on or prior to the later of the 180th day after the Escrow Release Date and the 30th day (the “Shelf Filing Date”) after the date on which the obligation to file a Shelf Registration Statement arises; 
  
 (v) if obligated to file a Shelf Registration Statement
pursuant to Section 2(ii), (iii) or (iv), the Shelf Registration Statement is not declared effective on or prior to the Effectiveness Deadline; or 
  
 (vi) if after either the Exchange Offer Registration Statement or the Shelf Registration Statement, as the case may be, is declared
effective (A) such Registration Statement thereafter ceases to be effective; or (B) such Registration Statement or the related prospectus ceases to be usable (except as permitted in paragraph (b)) in connection with resales of Transfer Restricted
Securities during the periods specified herein because either (1) any event occurs as a result of which the related prospectus forming part of such Registration Statement would include any untrue statement of a material fact or omit to state any
material fact necessary to make the statements therein in the light of the circumstances under which they were made not misleading or (2) it shall be necessary to amend such Registration Statement or supplement the related prospectus to comply with
the Securities Act or the Exchange Act or the respective rules thereunder. 
  
 Each of the foregoing will constitute a Registration Default whatever the reason for any such event and whether it is voluntary or involuntary or is beyond the control of the Issuers or pursuant to operation of law or
as a result of any action or inaction by the Commission. 
  
 Additional Interest shall accrue on the Securities over and above the interest set forth in the title of the Securities from and including the date on which any such Registration Default shall occur to but excluding the date on which all
such Registration Defaults have been cured, at a rate of 0.25% per annum (the “Additional Interest Rate”) for the first 90-day period immediately following the occurrence of such Registration Default. The Additional Interest Rate
shall increase by an additional 0.25% per annum with respect to each subsequent 90-day period until all Registration Defaults have been cured, up to a maximum Additional Interest Rate of 1.0% per annum. In no event shall the Issuers be obligated to
pay Additional Interest under more than one of the clauses in this Section 6(a) at any one time and, in the case of a Shelf Registration, it is expressly understood that Additional Interest should be payable only with respect to Securities so
requested to be registered pursuant to Section 2 hereof. 
  
 (b) A Registration Default referred to in Section 6(a)(vi) hereof shall be deemed not to have occurred and be continuing in relation to a Shelf Registration Statement or the related prospectus if (i) such Registration
Default has occurred solely as a result of (x) the filing of a post-effective amendment to such Shelf Registration Statement to incorporate annual audited financial information with respect to the Issuers where such post-effective amendment is not
yet effective and needs to be declared effective to permit Holders to use the related prospectus, (y) other material events with respect to the Issuers that would need to be described in such Shelf Registration Statement or the related prospectus or
(z) the suspension of the effectiveness of such Registration Statement because the Issuers do not wish to disclose publicly a pending material business transaction that has not yet been publicly disclosed, and (ii) in the case of clause (y), the
Issuers are proceeding promptly and in good faith to amend or supplement such Shelf Registration 

  

 13 

 
Statement and related prospectus to describe such events; provided, however, that if (A) in the case of a Registration Default described in
clause(i)(x), such Registration Default occurs for a continuous period in excess of 30 days and (B) in the case of a Registration Default described in clause(i)(y) or (i)(z), such Registration Default occurs for a period of more than 45 days in any
three-month period or more than an aggregate of 90 days in any 12-month period, then Additional Interest shall be payable in accordance with the above paragraph from the day such Registration Default occurs until such Registration Default is cured.

  
 (c) Any amounts of Additional Interest due
pursuant to Section 6(a) will be payable in cash on the regular interest payment dates with respect to the Securities. The amount of Additional Interest will be determined by multiplying the applicable Additional Interest Rate by the principal
amount of the Securities and further multiplied by a fraction, the numerator of which is the number of days such Additional Interest Rate was applicable during such period (determined on the basis of a 360-day year comprised of twelve 30-day
months), and the denominator of which is 360. 
  
 (d) “Transfer Restricted Securities” means each Security until (i) the date on which such Security has been exchanged by a person other than a broker-dealer for a freely transferable Exchange Security in the Registered
Exchange Offer, (ii) following the exchange by a broker-dealer in the Registered Exchange Offer of an Initial Security for an Exchange Security, the date on which such Exchange Security is sold to a purchaser who receives from such broker-dealer on
or prior to the date of such sale a copy of the prospectus contained in the Exchange Offer Registration Statement, (iii) the date on which such Security has been effectively registered under the Securities Act and disposed of in accordance with the
Shelf Registration Statement or (iv) the date on which such Security is distributed to the public pursuant to Rule 144 under the Securities Act or is saleable pursuant to Rule 144(k) under the Securities Act. 
  
 7. Agreement to Provide Information. The Parent shall use commercially
reasonable efforts to file the reports required to be filed by it under the Securities Act and the Exchange Act in a timely manner and, if at any time the Parent is not required to file such reports, it will, upon the request of any Holder of
Transfer Restricted Securities, make publicly available other information so long as reasonably necessary to permit sales of their securities pursuant to Rules 144 and 144A. The Issuers will provide a copy of this Agreement to prospective purchasers
of Initial Securities identified to the Issuers by the Initial Purchasers upon request. Upon the request of any Holder of Initial Securities, the Issuers shall deliver to such Holder a written statement as to whether it has complied with such
requirements. Notwithstanding the foregoing, nothing in this Section 7 shall be deemed to require the Issuers or the Parent to register any of their securities pursuant to the Exchange Act. 
  
 8. Underwritten Registrations. If any of the Transfer Restricted
Securities covered by any Shelf Registration are to be sold in an Underwritten Offering, the investment banker or investment bankers and manager or managers that will administer the offering (“Managing Underwriters”) will be
selected by the Holders of a majority in aggregate principal amount of such Transfer Restricted Securities to be included in such offering. 
  
 No person may participate in any Underwritten Offering hereunder unless such person (i) agrees to sell such person’s Transfer Restricted Securities
on the basis reasonably provided in any underwriting arrangements approved by the persons entitled hereunder to approve such arrangements and (ii) completes and executes all questionnaires, powers of attorney, indemnities, underwriting agreements
and other documents reasonably required under the terms of such underwriting arrangements. 
  
 9. Miscellaneous. 
  
 (a) Remedies. The Issuers acknowledge and agree that any failure by the Issuers to comply with their obligations under Section 1 and 2 hereof may result in material irreparable injury to the Initial Purchasers
or the Holders for which there is no adequate remedy at law, that it will not be possible to measure damages for such injuries precisely and that, in the event of any 

  

 14 

 
such failure, the Initial Purchasers or any Holder may obtain such relief as may be required to specifically enforce the Issuers’ obligations under
Sections 1 and 2 hereof. The Issuers further agree to waive the defense in any action for specific performance that a remedy at law would be adequate. 
  
 (b) No Inconsistent Agreements. The Issuers will not on or after the date of this Agreement enter into any agreement with respect
to their securities that is inconsistent with the rights granted to the Holders in this Agreement or otherwise conflicts with the provisions hereof. The rights granted to the Holders hereunder do not in any way conflict with and are not inconsistent
with the rights granted to the holders of the Issuers’ securities under any agreement in effect on the date hereof. 
  
 (c) Amendments and Waivers. The provisions of this Agreement may not be amended, modified or supplemented, and waivers or consents
to departures from the provisions hereof may not be given, except by the Issuers and the written consent of the Holders of a majority in principal amount of the Securities affected by such amendment, modification, supplement, waiver or consents.
Without the consent of the Holder of each Security, however, no modification may change the provisions relating to the payment of Additional Interest. Subject to the foregoing sentence, a waiver or consent to depart from the provisions hereof with
respect to a matter that relates exclusively to the rights of Holders of Securities whose Securities are being sold pursuant to a Registration Statement and that does not directly or indirectly affect, impair, limit or compromise the rights of other
Holders of Securities may be given by Holders of at least a majority in aggregate principal amount of the Securities being sold pursuant to such Registration Statement. 
  
 (d) Notices. All notices and other communications provided for or permitted hereunder shall be made
in writing by hand delivery, first-class mail, facsimile transmission, or air courier which guarantees overnight delivery: 
  
 (1) if to a Holder of the Securities, at the most current address given by such Holder to the Issuers. 
  
 (2) if to the Initial Purchasers; 
  
 c/o Credit Suisse First Boston LLC 
 Eleven Madison Avenue 
 New York, NY 10010-3629 
 Fax No.: (212) 325-8278 
 Attention: Transactions Advisory Group 
  
 with a copy to: 
  
 Cravath, Swaine & Moore LLP 
 Worldwide Plaza 
 825 Eighth Avenue 
 New York, N.Y. 10019 
 Fax No.: (212) 474-3700 
 Attention: LizabethAnn R. Eisen 
  
 (3) if to the Issuers or the Guarantors: 
  
 Borden Chemical, Inc. 
 180 East Broad Street 
 Columbus, OH 43215 
 Attention: General Counsel 
  

 15 

 with a copy to: 
  
 O’Melveny & Myers LLP 
 Times Square Tower 
 7 Times Square 
 New York, NY 10036 
 Fax No.: (212) 326-2061 
 Attention: William Kuesel 
  
 All such notices and communications shall be deemed to have been duly given: at the time delivered by hand, if personally delivered; three business days after being deposited in the mail, postage prepaid, if mailed;
when receipt is acknowledged by recipient’s facsimile machine operator, if sent by facsimile transmission; and on the day delivered, if sent by overnight air courier guaranteeing next day delivery. 
  
 (e) Third Party Beneficiaries. The Holders shall be
third party beneficiaries to the agreements made hereunder between the Issuers, on the one hand, and the Initial Purchasers, on the other hand, and shall have the right to enforce such agreements directly to the extent they may deem such enforcement
necessary or advisable to protect their rights or the rights of Holders hereunder. 
  
 (f) Successors and Assigns. This Agreement shall be binding upon the Issuers and their successors and assigns. 
  
 (g) Counterparts. This Agreement may be executed in
any number of counterparts and by the parties hereto in separate counterparts, each of which when so executed shall be deemed to be an original and all of which taken together shall constitute one and the same agreement. 
  
 (h) Headings. The headings in this Agreement are for
convenience of reference only and shall not limit or otherwise affect the meaning hereof. 
  
 (i) Governing Law. THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK WITHOUT
REGARD TO PRINCIPLES OF CONFLICTS OF LAWS. 
  
 (j) Severability. If any one or more of the provisions contained herein, or the application thereof in any circumstance, is held invalid, illegal or unenforceable, the validity, legality and enforceability of any such provision in
every other respect and of the remaining provisions contained herein shall not be affected or impaired thereby. 
  
 (k) Securities Held by the Issuers. Whenever the consent or approval of Holders of a specified percentage of principal amount of
Securities is required hereunder, Securities held by the Issuers or their affiliates (other than subsequent Holders of Securities if such subsequent Holders are deemed to be affiliates solely by reason of their holdings of such Securities) shall not
be counted in determining whether such consent or approval was given by the Holders of such required percentage. 
  
 (l) Submission to Jurisdiction. Borden U.S. and the Guarantors hereby submit to the non-exclusive jurisdiction of, and Borden Nova
Scotia hereby submits to the exclusive jurisdiction of, the Federal and state courts in the Borough of Manhattan in The City of New York in any suit or proceeding arising out of or relating to this Agreement or the transactions contemplated hereby.
Borden Nova Scotia irrevocably appoints Corporation Service Company as its authorized agent in the Borough of Manhattan in The City of New York upon which process may be served in any such suit or proceeding, and agrees that service of process upon
such agent, and written notice of 

  

 16 

 
said service to Borden Nova Scotia, by the person serving the same to the address provided in paragraph (d) of this Section 9, shall be deemed in every
respect effective service of process upon Borden Nova Scotia in any such suit or proceeding. Borden Nova Scotia further agrees to take any and all action as may be necessary to maintain such designation and appointment of such agent in full force
and effect for a period of seven years from the date of this Agreement. 
  
 (m) Judgment Currency. The obligation of the Issuers and the Guarantors in respect of any sum due to the Initial Purchasers shall, notwithstanding any judgment in a currency other than United States dollars,
not be discharged until the first business day, following receipt by the Initial Purchasers of any sum adjudged to be so due in such other currency, on which (and only to the extent that) the Initial Purchasers may in accordance with normal banking
procedures purchase United States dollars with such other currency; if the United States dollars so purchased are less than the sum originally due to the Initial Purchasers hereunder, each of the Issuers and the Guarantors agrees, as a separate
obligation and notwithstanding any such judgment, to indemnify the Initial Purchasers against such loss. If the United States dollars so purchased are greater than the sum originally due to the Initial Purchasers hereunder, the Initial Purchasers
agree to pay to the Issuers and the Guarantors, collectively, an amount equal to the excess of the dollars so purchased over the sum originally due to the Initial Purchasers hereunder. 
  

 17 

 If the foregoing is in accordance with your understanding of our agreement, please sign and return to the
Issuers a counterpart hereof, whereupon this instrument, along with all counterparts, will become a binding agreement among the several Initial Purchasers, the Issuers and the Guarantors in accordance with its terms. 
  
  

			
	  
 Very truly
yours,

	
	BCI US FINANCE CORP.,
		
	 by
	 	 /s/ George F. Knight

	 Name:
	 	George F. Knight
	 Title:
	 	Vice President and Treasurer
	
	 BORDEN 2 NOVA SCOTIA FINANCE, ULC,

		
	 by
	 	 /s/ George F. Knight

	 Name:
	 	George F. Knight
	 Title:
	 	Vice President and Treasurer
	
	 BORDEN CHEMICAL, INC.,

		
	 by
	 	 /s/ George F. Knight

	 Name:
	 	George F. Knight
	 Title:
	 	Vice President and Treasurer

  

 18 

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

			
	CREDIT SUISSE FIRST BOSTON LLC,
as representative of the Initial Purchasers,
		
	 by
	 	 /s/ Malcolm Price

	 Name:
	 	Malcolm Price
	 Title:
	 	Managing Director

  

 19 

 ANNEX A 
  
 Each broker-dealer that receives Exchange Securities for its own account pursuant to the Exchange Offer must acknowledge that it will deliver a prospectus
in connection with any resale of such Exchange Securities. The Letter of Transmittal states that by so acknowledging and by delivering a prospectus, a broker-dealer will not be deemed to admit that it is an “underwriter” within the meaning
of the Securities Act. This Prospectus, as it may be amended or supplemented from time to time, may be used by a broker-dealer in connection with resales of Exchange Securities received in exchange for Initial Securities where such Initial
Securities were acquired by such broker-dealer as a result of market-making activities or other trading activities. The Issuers have agreed that, for a period of 180 days after the Expiration Date (as defined herein), they will make this Prospectus
available to any broker-dealer for use in connection with any such resale. See “Plan of Distribution.” 

 ANNEX B 
  
 Each broker-dealer that receives Exchange Securities for its own account in exchange for Initial Securities, where such Initial Securities were acquired
by such broker-dealer as a result of market-making activities or other trading activities, must acknowledge that it will deliver a prospectus in connection with any resale of such Exchange Securities. See “Plan of Distribution.”

 ANNEX C 
  
 PLAN OF DISTRIBUTION 
  
 Each broker-dealer that receives Exchange Securities for its own account pursuant to the Exchange Offer must acknowledge that it will deliver a prospectus
in connection with any resale of such Exchange Securities. This Prospectus, as it may be amended or supplemented from time to time, may be used by a broker-dealer in connection with resales of Exchange Securities received in exchange for Initial
Securities where such Initial Securities were acquired as a result of market-making activities or other trading activities. The Issuers have agreed that, for a period of 180 days after the Expiration Date, they will make this prospectus, as amended
or supplemented, available to any broker-dealer for use in connection with any such resale. In addition, until              , 200   , all dealers effecting transactions in the
Exchange Securities may be required to deliver a prospectus.[1] 
  
 The Issuers will not receive any proceeds from any sale of Exchange
Securities by broker-dealers. Exchange Securities received by broker-dealers for their own account pursuant to the Exchange Offer may be sold from time to time in one or more transactions in the over-the-counter market, in negotiated transactions,
through the writing of options on the Exchange Securities or a combination of such methods of resale, at market prices prevailing at the time of resale, at prices related to such prevailing market prices or negotiated prices. Any such resale may be
made directly to purchasers or to or through brokers or dealers who may receive compensation in the form of commissions or concessions from any such broker-dealer or the purchasers of any such Exchange Securities. Any broker-dealer that resells
Exchange Securities that were received by it for its own account pursuant to the Exchange Offer and any broker or dealer that participates in a distribution of such Exchange Securities may be deemed to be an “underwriter” within the
meaning of the Securities Act and any profit on any such resale of Exchange Securities and any commission or concessions received by any such persons may be deemed to be underwriting compensation under the Securities Act. The Letter of Transmittal
states that, by acknowledging that it will deliver and by delivering a prospectus, a broker-dealer will not be deemed to admit that it is an “underwriter” within the meaning of the Securities Act. 
  
 For a period of 180 days after the Expiration Date the Issuers will promptly
send additional copies of this Prospectus and any amendment or supplement to this Prospectus to any broker-dealer that requests such documents in the Letter of Transmittal. The Issuers have agreed to pay all expenses incident to the Exchange Offer
(including the expenses of one counsel for the Holders of the Securities) other than commissions or concessions of any brokers or dealers and will indemnify the Holders of the Securities (including any broker-dealers) against certain liabilities,
including liabilities under the Securities Act. 

	1	In addition, the legend required by Item 502(e) of Regulation S- K will appear on the inside
front cover page of the Exchange Offer prospectus below the Table of Contents. 

 ANNEX D 
  

	 ̈	CHECK HERE IF YOU ARE A BROKER-DEALER AND WISH TO RECEIVE 10 ADDITIONAL COPIES OF THE PROSPECTUS AND 10 COPIES OF ANY AMENDMENTS OR SUPPLEMENTS THERETO. 

  

			
	Name:	 	  

	Address:	 	  

  
 If the undersigned is not a
broker-dealer, the undersigned represents that it is not engaged in, and does not intend to engage in, a distribution of Exchange Securities. If the undersigned is a broker-dealer that will receive Exchange Securities for its own account in exchange
for Initial Securities that were acquired as a result of market-making activities or other trading activities, it acknowledges that it will deliver a prospectus in connection with any resale of such Exchange Securities; however, by so acknowledging
and by delivering a prospectus, the undersigned will not be deemed to admit that it is an “underwriter” within the meaning of the Securities Act.Exclusive Distribution Agmt Dated 07/08/2005 by and between Patriot and Yamoto

 Exhibit 10.1 
  
 EXCLUSIVE DISTRIBUTION AGREEMENT 
  
 This exclusive distribution agreement (this “Agreement’”) is entered into as of July 8, 2005, between,
on the one hand, Jason Gore and Yamoto Motor Corporation, (f/k/a Winspeed Industries, Inc) a corporation organized under the laws of the State of California, having its principal place of business located at 900 San Martin Place Fremont, California,
94539 (jointly “ Yamoto”), and, on the other hand, Patriot Motorcycle Corporation, a corporation organized under the laws of the State of Nevada, having its principal place of business located at 930 Calle Negocio, Suite A, San
Clemente, CA 92673 (“Patriot”). Pursuant to this Agreement, Yamoto agrees to grant to Patriot the exclusive right to sell the Products worldwide. 
  
 RECITALS 
  
 On December 10, 2003, and again with a revised agreement on June 25, 2005, Yamoto entered into a exclusive distribution agreement with Chongqing Huansong
Industries (Group) Co. Ltd. (f/k/a Chongqing Wangguan Motorcycle Industry Ca. Ltd.), a company incorporated and domiciled in China, (“Chongqing”) whereby Chongqing granted to Yamoto the exclusive right to distribute in the United
States all off road motorcycles and all terrain vehicles (“ATVs”) manufactured by Chongqing.. 
  
 Patriot desires to acquire the exclusive right to be the sole distributor of all off-road motorcycles and ATVs, as well as other products, and the parts
necessary to build and/or support them worldwide. 
  
 Yamoto and
Patriot have expressly and mutually agreed to terminate and cancel all prior agreements between them, whether written or oral, express or implied, including but not limited to the distribution agreement entered into by the parties on August 10,
2004. 
  
 Concurrently with the execution of this Agreement,
Yamoto and Patriot have executed a Trademark Assignment Agreement which is attached to this Agreement as exhibit “A” and incorporated herein as if made a part hereof. 
  

 1 

 NOW THEREFORE, in consideration of the foregoing promises and the mutual covenants herein set forth and
other good and valuable consideration, the parties agree as follows: 
  
 ARTICLE SALE & DISTRIBUTION 
  

	1.1	Territory, Products and Yamoto by Patriot Marks, Subject to all terms and conditions of this Agreement, Yamoto hereby grants to Patriot any and all rights Yamoto
possesses to distribute, sell, market, and promote the Products within the Territory. The “Products” shall mean any and all motorcycles and ATV’s and any other future products (e.g., generators) that are marketed and sold by
Yamoto presently or in the figure under the Yamoto by Patriot Marks including, but not limited to, any and all parts and accessories associated with those motorcycles and ATV’s and future products. The “Yamoto by Patriot Marks”
shall mean the various Yamoto and/or Yamoto by Patriot trademarks, service .marks, names, logos, and designs which are owned by or licensed to Yamoto and/or Patriot. The “Territory” shall mean the entire world.

  

	1.2	Exclusive Distribution. Patriot shall be Yamoto’s sole distributor of Products within the Territory. Yamoto, its officers, directors, predecessors, affiliates, agents,
employees, servants and any person or persons acting on its behalf, shall not sell any Products to anyone within the Territory other than Patriot, including but not limited to, consumers and third-party distributors. Yamoto, its officers, directors,
predecessors, affiliates, agents, employees, servants and any person or persons acting on its behalf; farther agree that they shall not distribute, or import; directly or indirectly, any Competing Products to anyone other than Patriot, (The term
“Competing Products” shall mean any and all motorcycles, ATV’s, and any other products, parts, and accessories which are of the same kind as, similar to or competitive with Products.). 

  

 2 

 In consideration of the exclusive rights herein granted. (1) Yamoto shall in no way: (i) sell or export
Products to the Territory through any other channel than Patriot or to any other distributor, person, consumer, or third-party; (ii) directly or indirectly, sell, market, promote, or distribute in the Territory any Competing Products; or (iii) make
any purchase of Competing Products without the prior written consent of Patriot during the effective period of this Agreement, (2)No other competing products purchased through any other source by Patriot can he named Yamoto or Yamoto by Patriot
without mutual prior written consent. 
  

	1.3	Assignment and Subdistribution. Patriot has the right to appoint sub-distributors and dealers in the Territory so that the market share for the Products can be expanded as
much as possible. To support Patriot’s sales promotion, Yamoto shall provide Patriot free of charge a reasonable quantity of Advertising or sales promotion material such as advertising literature, catalogs, brochures, and other material, which
Patriot deems useful to Patriot in its activities under this Agreement, Patriot may assign or delegate any of its rights or obligations under this Agreement to its distribution network, in whole or in part, whether by operation of law or
otherwise, without Yamato’s written consent. Patriot expressly reserves its right to purchase Products directly from Chongqing on behalf of Yamoto or any other manufacturer or supplier of the Products in the event that Yamoto is unable to
supply the Products to Patriot in a reasonable timely manner. 

  

	1.4	Pricing. Yamoto shall sell the Products to Patriot at the pre-determined prices set forth in Exhibit B hereto. Yamoto shall be prohibited from increasing the
prices of the Products set forth in exhibit B attached hereto for a period of two years from the date of this .Agreement; provided, however, that Yamoto may increase the prices of the Products if Chongqing raises its selling prices to Yamoto due to
industry-wide increase of raw material or labor costs. Thereafter, Yamoto may raise prices if it first negotiates these price increases with Patriot and provides to Patriot justification for the increases, such as product improvements, competitive
market factors, etc. Price(s) for New Product(s) not listed on Exhibit B will subject to mutually agreed upon pricing. 

  

 3 

	1.5	Minimum Order. Minimum Order. Patriot shall use its best efforts to submit purchase orders for twenty thousand (20,000) units of the Products annually during the terns of
this Agreement (the “Minimum Annual Unit Volume”). This annual unit volume level shall be reduced by the number of units which are found by Patriot to be subject to a manufacturing, engineering or other product defect. In the event
that Patriot fails to reacts the Minimum Annual Unit Volume during any annual period, then Patriot may correct the unit shortfall during the following annual period. 

  

	1.6	Payment. Upon execution of this agreement Patriot shall pay by wire transfer of funds to Yamoto for all orders for Products being delivered within the United States in
United Stales dollars, (However both parties agree to discuss vase by case the deposit for the order within Unites States if a single order from Patriot exceed USD3000000.00) The wire transfer payment shall occur within fifteen (15) days after the
Products clear United States Customs and are delivered to Patriot’s designated warehouse. Yamoto shall be entitled to file and record UCC financing statement(s) with the Secretary of State of. Nevada or any other state in the United States to
encumbrance the unpaid-for Products. Patriot shall pay for all orders for Products sold outside the United States in United States Dollars and shall pay by electronic bank transfer, certified cheek, or bank draft in favor of Yamoto. Thirty percent
(30%) of the purchase price of each order for Products delivered outside the United States is due when Patriot receives Yamoto’s acceptance of the order. The remaining seventy percent (70%) of the purchase price for each order for Products delivered outside the United States is due when Patriot receives notice that the Products are ready for shipment from
China. If Patriot fails to submit to Yamoto the wire transfer payment for ordered Products, within the applicable fifteen (15) day period, then Patriot shall have thirty (30) days following receipt of written notice from Yamoto in which to submit
payment for the order. In the event that Patriot fails to do so, then Yamoto may thereafter sell the products to any third-party purchaser of the Products. 

  

	1.7	Initial Term and Renewal Periods. Subject to Article 5 of this Agreement, the term of this Agreement shall be from the date of this Agreement until December 11, 2040, at
which time this Agreement shall expire. The parties acknowledge and agree that if Yamoto’s current 

  

 4 

 distribution agreement with Chongqing (the “Distribution Agreement”), expires, or is otherwise
terminated at any time prior to December 31, 2040, then Patriot may in its sole discretion elect to: (1) purchase from Yamoto its ownership interest in the Yamoto by Patriot Marks at fair market value, but in no event less than Five Million
dollars (US$5,OOO,OOO); and, (ii) thereafter purchase Products directly from Chongqing or Chongqing Affiliates or any other manufacturer or other source for producing Products under the Yamoto by Patriot Marks. “Chongqing Affiliate(s)” means Chongqing’s officers, directors, predecessors, affiliates, agents, employees, servants and any person or persons acting on its behalf or
any entity that is directly or indirectly owning or controlling Chongqing, directly or indirectly owned or controlled by Chongqing, or under common ownership or control with, Chongqing by more than fifty percent (50%) of the voting power.

  

	1.8	No Agency Relationship. No agency, partnership, or similar relationship is created by thin Agreement. Neither party has any authority to assume or to create any obligation or
responsibility, express or implied, on behalf of or in the name of the other party or to bind the other party in any manner and neither party shall represent to any third party that such authority exists. 

  

	1.9	Change in Ownership or Control of Yamoto. If at any time, Yamoto desires to effect a change in ownership, or a transfer of its business operations or its principal, assets to
any person or entity, then Yamoto must give Patriot six (6) months’ prior written notice of any proposed change
or transfer described in this Paragraph 1.8. in such an event, Patriot will have a right of first refusal to purchase Yamoto’s assets or stock on the same terms and conditions proposed to be transferred to a bona fide buyer. If Patriot chooses
to exercise this right, Patriot must pay to Yamoto a refundable good faith deposit of one hundred thousand dollars ($100,000), Patriot will have a reasonable opportunity to inspect the assets, including real estate and corporate records, subject to
a non disclosure agreement to he executed by the parties, Following the submission of the good-faith deposit, Patriot shall have ninety (90) days in which to exercise its right of first refusal, and thereafter close the transaction.

  

 5 

	1.10	Pre-Product Run Samples. Yamoto agrees to deliver, with shipping costs prepaid by Patriot, to Patriot three product run samples via Federal Express or other overnight
delivery service for full testing and evaluation prior to full production runs and delivery to fulfillment destinations. Yamoto will deliver to Patriot such pre-product run samples on all new or updated product models involving changes to the drive
train, transmission, electrical system, and brakes. 

  

	1.11	Quality Warranty and After-Sole Service. Yamoto will provide spare parts for after-sale service and Patriot shall arrange for after-sale service in the Territory in
accordance with the local situation. For each order of Products to be shipped to United States, Yamoto will provide Patriot, free of charge, spare parts worth up to 2% of the total order value, as chosen by Patriot. 

  
 ARTICLE 2: ORDER & DELIVERY 
  

	2.1	Orders. Patriot shall submit written purchase orders to Yamoto specifying the number of Products required. Yamoto shall accept each order ‘within five (5) business days of receiving the order, and must provide to Patriot within this time period written notification stating that the
order has been placed and accepted by Yamoto. Patriot may cancel an order at any time within this live (5) day period, with or without cause, and Patriot’s liability for such cancellation shall be limited to Yamoto’s out-of-pocket costs
and expenses incurred in connection with the cancelled order which in no event shall exceed $150.00. The parties agree that Yamoto will provide to Patriot a status update on all unfilled Product orders within fifteen (15) days following
Patriot’s placement of each order with Yamoto. 

  

	2.2	Shipment. All Products ordered by Patriot shall be shipped within forty five (45) days of the date that Yamoto notifies Patriot of its acceptance of each order. In the
event that Yamoto fair to ship the Products within the applicable forty-five (45) day period, Yamoto must provide Patriot with immediate written notice of its failure to do so, together with a detailed written explanation of the facts and
circumstances causing the delay in such 

  

 6 

 event, Yamoto shall immediately identify in writing its revised shipping date, Patriot, in its sole
discretion, shall control the destination, method, and route of shipment of Products by Yamoto, subject only to the manufacturer’s previously established written guidelines for the method and conditions of shipment. Unless otherwise specified
in the purchase order, Yamoto may select the carrier, which must be approved by Patriot, belay in approval by Patriot shall release Yasnoto’s any and all liability for late shipment. 
  

	2.3	Delivery. Yamoto shall deliver the Products Free on Board (F.O.B.) to the warehouse destination designated by Patriot. Title to the Products and the risk of loss of
the Products shall pass to Patriot only when the Products have been delivered to Patriot’s designated warehouse, Except for the UCC filing authorized in this Agreement, Yamoto shall deliver the Products to Patriot free and clear of all liens,
encumbrances and. security interests and shall not, without the prior written consent of Patriot, encumber or otherwise assign any rights to the Products to anyone other than Patriot. 

  

	2.4	Conformity of Shipments. If there is a shortage of Products in a shipment, Patriot must give written notice to Yamoto within seven (7) days following the date of
delivery of such shipment of Products to Patriot at its designated warehouse, together with a reasonable description and verification of the shortage, Yamoto, at Patriot’s option, shall deliver to Patriot or Patriot’s customer(s) at such
location(s) as Patriot may designate, at Yamoto’s risk and expense, the number of Products in shortage, or, alternatively, credit to Patriot the purchase price and chipping costs incurred by Patriot in commotion with such shortage. Yamoto may
credit Patriot on subsequent orders for Products or remit to Patriot funds in United States Dollars sufficient to compensate Patriot for the shortage as set forth in the previous sentence. 

  

	2.5	Conformity of Products. If the Products in a shipment are iron-conforming with Chongqing factory written specification or Patriot written order which are accepted by
Yamoto for any reason other than a shortage, then Patriot may reject these Products by giving written notice to Yamoto within thirty (30) days (“Acceptance Period”) after receipt of such shipment by Patriot’s designated warehouse,
together with a reasonable description 

  

 7 

 and explanation of the basis for the rejection, such as manufacturing end/or engineering defects. Patriot
shall, at Yamoto’s option and at Yamoto’s risk and expense, return to Yamoto any rejected Products, Yamoto
shall, at: Patriots option, deliver to Patriot’s designated warehouse, at Yamoto’s risk and expense, replacements for the rejected Products, or, alternatively, credit to Patriot the purchase price and shipping costs incurred by Patriot in
connection with the rejected Products. In the event that a dispute arises regarding the rejection of a Product, the parties acknowledge and agree that a third party professional inspector agreeable by both parties shall be hired to determine whether
or riot the Product(s) are non-conforming, All Products that are not rejected during the said thirty (30) days Acceptance Period will be deemed finally accepted by Patriot. 
  

	2.6	Manufacturer’s Warranty. Notwithstanding the foregoing, the manufacturer’s warranty by Chongqing for defective parts for the Products shall be applicable to
all sales of the parts for the Products by Yamoto to Patriot. Yamoto agrees to reimburse Patriot parts (not labor) expenses for all warranty claims . Yamoto shall pay these amounts within thirty (30) days. of receiving from Patriot a written
statement of these expenses. The parties acknowledge and agree that it’s Yamoto’s responsibility to facilitate the transmission of approved warranty claims to Patriot, and warranty payments to Patriot on behalf of its dealers. Patriot
shall be solely responsible for the approval and payment of any and all warranty claims and related expenses, Yamoto further agrees that it shall uses its best efforts to mutually agree upon the timely reimbursement to Patriot for 1/3 of all parts
and labor costs and expenses incurred by Patriot or its distributor and dealer network in connection with any Product recalls. 

  

	2.7	Factory Negotiations. The parties acknowledge and agree that Patriot has a legitimate interest in the discussions between Yamoto and Chongqing and other Product
suppliers regarding the Products. Patriot may provide to Mr, Gore and/or Yamoto its input regarding the Products, such as quality control, suggested product improvements, production deadlines, or manufacturing costs, and Yamoto agrees to convey all
of Patriot’s concerns to Chongqing or other suppliers of the Products as soon as possible, Yamoto shall provide to Patriot all explanations and comments from Chongqing and ether suppliers 

  

 8 

 in connection with Patriot’s concerns, Yamoto acknowledges and agrees that it is responsible for
obtaining a signed acknowledgement from Chongqing and other suppliers of Products which states that it received Patriot’s suggested changes and that Chongqing and other suppliers either: (i) have accepted the suggested changes, along with
implementation dates; or (ii) have rejected the suggested changes and have explained to Yamoto their reasons for such rejection, Yamoto shall provide to. Patriot nil explanations and comments from Chongqing, and other
suppliers in connection with Patriot’s concerns, The parties further agree that Yamoto shall use its best efforts to permit direct contact and communications between Chongqing or other suppliers and Patriot. Patriot will hire an assistant who
will act as Patriot’s contact person at Chongqing and other suppliers which are producing or may produce Products to facilitate communication with Patriot regarding product development, engineering changes, technical matters, product updates,
and other such matters. 
  

	2.8	Change in Supplier. In the event that Yamoto plans to change Its supplier(s) of Products, Yamoto acknowledges and agrees that it must provide Patriot with written
notice of such proposed change within 90 days of the change, The notice must provide the company name, address, and telephone numbers, the contact person, the qualifications of the new supplier, and Yamoto’s underlying rationale for the
proposed change. Yamoto must allow Patriot to provide its comments and input to Yamoto in connection with its proposed change of supplier(s). The parties agree that thereafter and before changing any supplier, including without limitation,
Chongqing, Yamoto must take into consideration and reasonably discuss with Patriot its comments and input before implementing any change of supplier(s) of the Products. 

  

	2.9	Product Recalls. Yamoto acknowledges and agrees that in the event that the Products may be subject to any manufacturing, engineering, or design defect
(“Product Defect”), then Patriot may: (i) provide Yamoto with written notice of the Product Defeat (the “Notice”); (ii) develop and initiate a program to notify end-users of the Products of the Precinct Defect; and (iii)
implement a program to correct or replace the Products subject to the Product Defect (the “Program”). Yamoto shall use its best efforts to mutually agree 

  

 9 

 upon the timely reimbursement of Patriot for one third (1/3) of all costs and expenses incurred by
Patriot, its sub-distributors, dealers and other third parties in connection with the Notice and the Program, including but not limited to, all administrative costs and all other expenses associated with the repair or replacement of the Products
and/or all parts and labor and related materials and expenses in connection with any Product recall.. 
  
 ARTICLE 3: MARKETING 
  

	3.1	Brand Features. Yamoto hereby grants Patriot a royalty-free, exclusive, non-transferable license to use in the Territory the Yamoto Marks and other distinctive
brand features of Yamoto that are used in or relate to the Products now or in the future during the term of this Agreement (the “Brand Features”) for the sole purposes of selling, marketing and promoting the Products. Patriot agrees
that all of its usage of the Brand Features on tangible written materials will; (i) include the proper marking for the trademark arid the appropriate trademark attribution in reasonably close proximity to its first use of Brand Features; (ii) not alter Brand Features in any way; and (Iii) use Brand Features so that each of them creates a separate and distinct
impression from any other trademark, service marks, logos, trade dress and other distinctive brand features that may be used by Patriot. Patriot agrees that it will jointly seek trademark registration of “Yamoto by Patriot” for the
Territory. Patriot agrees that all uses of the Brand Features, including the goodwill and reputation associated therewith, will inure to the benefit of Yamoto and Patriot. Patriot acknowledges and agrees that it has the sole and exclusive
right to defend and protect the Brand Features, Yamoto agrees that 50% of all legal fees spent in acquiring a and defending the “Yamoto by Patriot” mark(s) will be deducted from its equity upon sale of its interest in the mark(s) only if
all the legal expense will be discussed between the parties and mutually agreed ahead, Otherwise Patriot will be responsible for all the expense. 

  

	3.2	No Contest of Brand Features. During or after the term of this Agreement and to the fullest extent permitted by applicable law, Patriot shall contest or
otherwise challenge (e.g., in any legal action or otherwise), or assist or encourage any other entity or person to contest or challenge, the validity of any of the Brand Features. 

  

 10 

	3.3	Websites. Yamoto hereby grants Patriot complete access and all rights to, modify the website www.yamoto-motor.com, and any other website address relating to the Products that Yamoto may own or control, Yamoto has no right to modify the Yamoto-motor.com website without prior
written “mutually” approval content. The parties agree to discuss all content of such website(s) that Yamoto determines to be illegal, defamatory, infringing upon third party rights, or a misrepresentation, and such content shall be
immediately removed hi Patriot’s. Patriot shall indemnify and hold Yamoto harmless from and against all loss, liabilities, claims, expenses (including reasonable attorney’s fees) made by any third party with respect to the aforementioned
websites. 

  

	3.4	Potential Buyers. Yamoto shall notify Patriot of arry and all potential purchasers of the Products located within the Territory and shall refer all inquires regarding
the Products to Patriot. 

  

	3.5	Manuals. Yamoto acknowledges and agrees that it must provide to Patriot the necessary owner manuals, warranty books, parts and service manuals, and other resources and
guides for the Patriot dealers and easterners that Patriot receives from Chongqing, if Yamoto, in its sole discretion, decides to relinquish this responsibility to Patriot, then Yamoto shall reimburse Patriot fifty percent (50%) of Patriot’s
costs and expenses in connection with the compiling and printing of these materials. 

  
 ARTICLE 4; CONFIDENTIALITY AND NON-COMPETITION PROVISION 
  

	4.1	Confidential Information. Bach party acknowledges that it may have access to the other party’s technical or business information, data, designs, concepts, ideas,
products, processes, methods, techniques, specifications, formulas, compositions, samples, know-how, trade secrets, and improvements of a confidential or proprietary nature, whether in tangible form or not, which relate to the Products, or the
development or commercialization thereof, and which were disclosed by one party to the other party under this Agreement. (“Confidential Information”). Notwithstanding the foregoing, neither party shall have any obligation to
disclose Confidential Information which is not related to the products. 

  

 11 

	4.2	Duty Not to Disclose, All Confidential Information shall remain the exclusive property of the disclosing party. Each party agrees: (1.) to take all reasonable measures
necessary to protect the confidential nature of Confidential Information disclosed to it, including but not limited to notifying any individual or entity with which it works to complete the purposes of this Agreement, of the confidential nature of
such Confidential Information; (2) except as provided in this Agreement, or by law or court order, not to disclose to third parties or copy any Confidential Information or allow any third party access to such Confidential Information without first
obtaining the disclosing party’s written consent; and (3) not to use, or permit others to use, any Confidential Information disclosed to it except for the purposes set forth in this Agreement. Each party is solely responsible for its employees
complying with the obligations set forth in this Section, If either party becomes aware of the loss, theft or misappropriation of Confidential Information which is in its possession or control, it shall notify the other party in writing within seven
(7) days of its discovery of such loss, theft or misappropriation. 

  

	4.3	Non-Confidential Information. Confidential Information shall not include information that: (1)is, at the time of disclosure, legally available to the general public;
(2) becomes available to the genets public after disclosure but through no fault of the receiving party; (3) was already in the lawful possession of the receiving party without rerifi’ :lion prior to the date of disclosure; or (4) is independently developed by the receiving party that may be proven by written evidence.

  

	4.4	Compelled Disclosure, If a party is required by law or court order to disclose any Confidential information of the other party, that party shall: (1) notify the other
party in writing as soon as possible, but in no event less than thirty (30) calendar days prior to any such disclosure; (2) cooperate with the other party to preserve the confidentiality of such Confidential Information consistent with applicable
law; and (3) use its best efforts to limit any such disclosure to the minimum disclosure necessary to Comply. 

  

 12 

	4.5	Survival of Confidentiality. The rights and duties of this Article 4 shall survive the expiration or termination of this Agreement 

  

	4.6	Non-Compete Provision. The parties acknowledge and agree that the services rendered by Mr, Jason Gore to Patriot are unique, and that competitive use and knowledge of any
Confidential Information would substantially and irreparably injure Patriot’s business, prospects and good will, Therefore, provided this Agreement is not terminated by Yamoto for Cause or terminated by Patriot without cause, Mr. Jason Gore
agrees that during the term of this Agreement, and for a period of one (1) year thereafter, Mr. Jason Gore shall not, directly or indirectly, through any other person, firm, corporation or other entity (whether as an officer, director, agent,
associate, employee, partner, consultant, holder of equity or debt investment, lender or in any other manner or capacity): 

  

	 	(a)	sell, market, offer to sell the Products and/or Competing Products; 

  

	 	(b)	solicit, induce, encourage or attempt to induce or encourage any dealer, distributor, employee or consultant of Patriot to terminate his or her employment or other relationship with
Patriot, or to breach any other obligation to Patriot; or 

  

	 	(e)	solicit, interfere with, disrupt, alter or attempt to disrupt or alter the relationship, contractual or otherwise, between Patriot and any other person including, without
limitation, any consultant, contractor, customer, potential customer, or supplier of Patriot. 

  
 ARTICLE 5: DEFAULTS,, REMEDIES, AND TERMINATION 
  

	5.1	Termination by Agreement. This Agreement may be terminated at any time by mutual written agreement between Yamoto and Patriot. 

  

 13 

	5.2	Primary Events of Default. Patriot and Yamoto hereby agree that the occurrence of the events listed below shall constitute a Primary Event of Default under this Agreement:

  

	 	a)	Any violation of Paragraph 1.2 or 1.5 of this Agreement, such as the sale of Products by Yamoto to any person or entity other than Patriot or the sale of Competing Products by
Yamoto; Or Failure by Patriot to fulfill the annually minimum order. 

  

	 	(b)	Any violation of Paragraph 1.7 of this Agreement, such as if the Distribution Agreement expires or is otherwise terminated at any time prior to December 31, 2040.

  

	 	(c)	Any violation of Article 6, Paragraphs 6.1 to 6.7, inclusive. 

  

	 	(d)	A Chapter 7 bankruptcy filing by Yamoto or Patriot 

  

	 	(e)	A failure by Yamoto to supply Products to Patriot. in accordance with this Agreement. or failure by Patriot to pay for Products 

  

	 	(f)	Any violation of Article 7, Paragraphs 7.1 and 7.2 

  

	5.3	Remedies for Primary Events of Default. 

  

	 	(a)	Upon Primary Event of Default by Yamoto, Patriot shall have the right to purchase Yamoto’s ownership interest in the Yamoto by Patriot Marks affair market value (in no
ease for less than $5,000,000); and, thereafter purchase Products directly from Chongqing, or any other manufacturer or other source for producing Products under YAMOTO by Patriot mark 

  

 14 

	 	(b)	In addition to the remedies specified in Section 53(a), above, Patriot shall be entitled to recover any actual damages that it has sustained due to such Primary Events of Default.

  

	 	(o)	Patriot shall have any and ail other remedies provided under the law. 

  

	5.4	Secondary Events of Default. Patriot and Yamoto hereby agree that the occurrence of the events listed below shall constitute a Secondary Event of Default Under this
Agreement: 

  

	 	(a)	Failure to Pay Monies Due. If either party fails to pay the other overdo amounts, unless the obligation to pay such amount is the subject of a bonafide dispute between
the parties. 

  

	 	(b)	Failure to comply with Other Obligations. If either party rails to comply with any of its other obligations under this Agreement that are not specifically identified as a
Primary Event of Default. 

  

	5.5	Remedies for Secondary Events of Default. After receipt of notice of default: as provided in Section 5.6 of this Agreement, the party in default shall have forty-five (45)
days to cure the Secondary Event of Default specified in Section 5.4 (a) and (b) of this Agreement (the “Cure Period”), if the party in default has not cured any such Secondary Event of Default by the end of the Cure Period, then the
non-defaulting party will be entitled to terminate the Agreement and to recover any actual damages that it has sustained due to such Secondary Event of Default. In addition, the party in default, together with its successors, assigns, and
affiliates, shall not, directly or indirectly, sell, market, promote, or distribute in the Territory any Competing Products for a period of one (I) year, following the termination of this Agreement. 

  

 15 

	5.6	Notice. if any of the Secondary Events of Default specified in Section 5.4 of this Agreement Should occur, no such Secondary Event of Default shall give vise to the remedies
specified in Section 5.5 of this Agreement until written notice has first been sent to and received by the defaulting party stating in reasonable detail the facts constituting the Secondary Event of Default, and the Cure Period has expired;
provided, however that in no event shall such written notice be required in the ease of a Primary Event of Default specified in Section 5.2. 

  

	5.7	Transactions After Expiration or Termination. 

  

	 	(a)	Purchase Orders. Upon termination or expiration of this Agreement, Yamoto will no longer be required to accept new purchase orders. 

  

	 	(b)	Payment Obligations and Warranty Claims. Termination of this Agreement for any reason, or expiration of this Agreement, will not release Yamoto or Patriot from the
obligation to pay any amounts owed to the other that have accrued prior to the effective date of termination or expiration. 

  

	 	(c)	Fulfillment of Patriot Purchase Orders. Upon the expiration or termination of this Agreement, Yamoto will use its best efforts to fulfill all purchase orders
that it accepted prior to expiration or termination of this Agreement. 

  
 Continuance of Business Relations. Upon receipt of any notice of termination, Yamoto and Patriot hereby agree to conduct themselves and their respective operations until the effective date of termination in a manner that shall not
injure the reputation or goodwill of either party. 
  

	 	(d)	No Renewal or Waiver. In the event that, following the termination or expiration of this Agreement, either party has business dealings with the other with respect to the Products, such dealings shall not constitute either 

  

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 a renewal of this Agreement or a waiver of such termination or expiration. However, all such dealings
shall be governed by teens identical to this Agreement for the duration of such dealings. 
  

	 	(f)	Surviving Provisions. Following the termination of this Agreement, the following provisions of this Agreement shall remain in fall force and effect: Article 4, 4.i through 4.6, inclusive; and Article 5, Paragraphs 5.3, 5.5 and
5.7. 

  
 ARTICLE 6: REPRESENTATIONS & WARRANTIES

  

	6.1	Parties Duly Organized. Each party hereby represents that it is duly organized, validly existing and in good standing under the laws of the State or Commonwealth (as
applicable) in which incorporated, and that it has full corporate power and authority to carry on the business presently being conducted by it and to enter into and to perform its obligations under this Agreement. 

  

	6.2	Right to Enter Agreement. Each party hereby represents (1) that it has taken all action necessary to authorize the execution and delivery of this Agreement and the
performance of the obligations under this Agreement; (2) that the officer executing this Agreement on behalf of the party has the legal right and authority to bind the party to the terms and conditions of this Agreement; and (3) that there are no
actions, suits, proceedings, orders or investigations pending or, to the knowledge of the company, threatened against the company, at law or in equity, before any federal, state, or other governmental department, commission, board, bureau,
agency or internationally, domestic or foreign, which are inconsistent with such party’s obligations under this Agreement. 

  

	6.3	Grant of Rights. Yamoto represents and warrants that it is authorized by Chongqing to enter into this Agreement. Yamoto further represents and warrants it has all of the
rights that it is granting to Patriot, including, but not limited to, the right to exclusively distribute the Products worldwide and the right to the “Yamoto” trade name and trademark for the Products.

  

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	6.4	Governmental Compliance. Each party represents and warrants that they have filed and obtained any and all import, business, distributors, state and other licenses and
governmental approvals, including reseller agreements, that may be necessary to permit the sale and distribution of the Products, Each party further represents and warrants that they will maintain any and all import, business, distributors, state
and other licenses and governmental approvals, including reseller agreements, that may be necessary to permit the sale and distribution of the Products. Each party will provide to the other party true and accurate copies of any and all import,
business, distributors, state, and other licenses and governmental approvals, including reseller agreements, within thirty days of any such request from the other party. In addition to other provisions of this Agreement that reclaim compliance by
each party with various laws, each shall at all times conduct its business in full compliance with all international, national, federal, state and local laws, roles, and regulations, including but not limited to, consumer fraud and deceptive trade
practices laws, customs laws, and all applicable building and safety codes. 

  

	6.3	Products. Yamoto represents and warrants that the Products sold to Patriot for distribution worldwide are lawfully manufactured by Chongqing and sold to Patriot, and
do not infringe upon any other trademarks and/or intellectual property. 

  

	6.6	Corporate Records. Each party represents and warrants that it has properly maintained all required corporate records throughout its corporate existence. Each party
further represents and warrants that it will continue to properly maintain all required corporate records at all times. Subject to its confidentiality obligations to third parties, each party will provide to the other party true and accurate copies
of any and all required corporate records within thirty days of any such request from the other party. 

  

	6.7	Disclosure of Documents. Yamoto will provide to Patriot true and accurate copies of any other contract pertaining to this Exclusive Distribution Agreement within
thirty days of any such request from Patriot. In particular, Yamoto agrees to provide to Patriot pursuant to this paragraph copies of any agreements established between Yamoto and any manufacturer, as well as copies of any existing distributor
agreements. 

  

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 ARTICLE 7: INTELLECTUAL PROPERTY WARRANTIES & INDEMNIFICATION 
  

	7.1	Yamoto and Patriot hereby warrants that, to the best of its present knowledge, the Yamoto by Patriot Marks can be used by Patriot free of infringement of any trademark, service
mark, trade dress, or other claim by any third party. Yamoto and Patriot have no knowledge of any outstanding infringement claims by any third party against the Yamoto by Patriot Marks. 

  

	7.2	In the event of any claims, causes of action or other demands, controversies, losses or costs arising from any alleged infringement of any trademark, copyright or other violation of
intellectual property rights allegedly caused by the use of the Yamoto by Patriot Marks, then Patriot and Yamoto acknowledge and agree that (i) Patriot shall undertake the defense of such action with counsel of Patriot’s choice on behalf of
Patriot and/or Yamoto; and (ii) the parties shall each bear equal financial responsibility for any losses, damages, liabilities, judgments and expenses, plus the costs of litigation, including attorneys’ fees, expert witness fees and court
costs. 

  
 ARTICLE 8: LIABILITY & INSURANCE 

 

	8.1	Indemnification. Each party shall indemnify, defend and hold harmless the other party from any and all claims, costs, liabilities, or damages (including reasonable
attorney’s fees) arising from its own: (1) material breach of this Agreement; (2) breach of any representations and warranties provided in Article 6 and Article 7; or (3) negligent, grossly negligent, reckless or willful acts or omissions.

  

	8.2	Insurance Coverage. Yamoto and Patriot shall maintain continuously in effect, at their own expense, insurance against all liability for the acts or omissions of the parties
or any of their employees, agents, servants, or contractors in connection with the performance of this Agreement and for all claims for damage to property, or for injury or death of any person. 

  

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 whether directly or indirectly, resulting from such acts or omissions. Such insurance shall include
commercial general liability insurance, and garage liability insurance, and shall include coverage for products liability and negligence, Each party shall obtain and shall maintain at its sole cost and expense all necessary insurance, and no less
than two million dollars ($2,000,000) in general products liability insurance and five million dollars ($5,000,000) after June 1, 2006, and annually thereafter with such increased coverage and terms, as is commercially reasonable light of the
business conducted by the parties; provided, however, that such insurance coverage must provide adequate protection against any claims, suits, demands, actions, proceedings, costs, damages, expenses (including, without limitation, legal fees
and out-of-pocket expenses) and losses arising out of or relating to the party’s activities and obligations under this Agreement. Notwithstanding the foregoing, and in. addition, Yamoto and Patriot shall maintain insurance relating to the types of claims described in Article 7, Paragraph 7.2 and Article 8, Paragraph 8.1,
sufficient to be able to hold the other harmless against such claims. 
  
 Yamoto shall maintain continuously in effect, at its own expense, property insurance which shall include coverage on all Products before title is passed to Patriot, as to all perils included within the classifications of fire, extended
coverage, vandalism, malicious mischief and special extended periods. 
  
 Each party’s insurance policy shall name the other party as an additional named insured and loss payee. Each party shall finish to the other party a certificate of insurance with evidence that premiums therefore have been paid at least
annually, and each party shall require its insurance company to provide thirty (30) days prior written notice to the other party in the event of cancellation or any material change in any policy. 
  
 ARTICLE 9: GENERAL PROVISION’S 
  

	9.1	Waiver and Amendment. Except as otherwise expressly provided, this Agreement may be amended and observance of any provision of this Agreement may be waived (either generally
or in any instance, retroactively or prospectively) only upon written consent of the parties. 

  

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	9.2	Entire Agreement. This Agreement constitutes the entire agreement between the parties and may not be modified except by a writing duly signed by both parties. This
Agreement is intended by the parties as a complete and exclusive statement of the terms of their agreement. All prior and contemporaneous discussions and negotiations have been merged and integrated into and superseded by this Agreement. The parties
also confirm that any prior agreements between the parties have been cancelled and revoked, including but not limited to the distribution agreement dated August 10, 2004. 

  

	9.3	Receipt of Agreement. Each party hereby acknowledges receipt of a signed copy of this Agreement. 

  

	9.4	Notices. All notices, requests, demands and other communications hereunder shall be given in writing and shall be: (1) Personally delivered; (2) sent by telecopy, facsimile
transmission or other electronic means of transmitting written documents with conformation of receipts, or (3) sent to the parties at their respective addressees indicated herein by registered or certified mail, return receipt requested and postage
prepaid, or by private overnight mail vender services with conformation of receipt. The respective address to be used for all such notices, demands, or requests shall be as set forth on page 1 of this Agreement or to such other person or address as
either party shall furnish to the other in writing from time to time. If personally delivered, such communication shall be deemed delivered upon actual receipt by the “attention” addressee or a person authorized to accept for such
addressee’ if electronically transmitted pursuant to this paragraph, such communication shall be deemed delivered the next business day after transmission (end sender shall bear the burden of proof of delivery)’ if sent by overnight
courier pursuant to this paragraph, such communications shall be deemed delivered upon receipt by the “attention” addressee or person authorized to accept for such address’ and if sent by mail pursuant tot this paragraph, such
communication shall be deemed delivered as of the date of delivery indicated on the receipt issued by the relevant postal service, or, if the addressee rails or refuses to accept delivery, as of the date of such failure or refusal.

  

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	9.5	Force Majeure. Neither party shall be liable fin its inability to perform any obligation under this Agreement (other than the obligation to make payments due) where such
inability is caused by either war (whether or not declared), civil war, riot, revolution, act of piracy, sabotage, storm, earthquake, flood, lightning, explosion, fire, labor disputes or strikes (whether or not the settlement of such dispute or
strike is within the power of the affected party) or acts of governmental or nongovernmental authority or by any other event (whether or not listed in this clause) not within the control of the party claiming to be affected, The party affected by
such an event shall immediately give written notice of the nature and likely duration (if it can be assessed). Performance of this Agreement shall be suspended for the duration of such, an event. 

  

	9.6	Binding Effect and Benefit. This Agreement inures to the benefit of and is binding upon the parties hereto and their successors and permitted assigns. This Agreement is not
intended, nor shall it be construed, to confer upon any person except the parties hereto and its successors and permitted assigns any rights or remedies under or by reason of this Agreement, except as contemplated herein. 

 

	9.7	Applicable Law and Jurisdiction. This Agreement and all matters arising under or growing out of or in connection with or in respect of this Agreement shall be governed by and
construed in accordance with the laws of the State of California. 

  

	9.8	Section Headings. The headings in this Agreement are inserted for convenience only and shall not constitute a. part hereof, 

  

	9.9	Severability of Provisions. Each provision contained in this Agreement is declared to constitute a separate and distinct covenant and provision and to be severable from all
other separate, distinct covenants and provisions. If any provision of this Agreement is or becomes invalid, illegal, or unenforceable in any jurisdiction, such provision shall be deemed amended without materially altering the intention of the
parties, it shall be stricken and the remainder of this Agreement shall remain in full force and effect. 

  

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	9.10	Waiver of Breach. No waiver of a breath of any provision of this Agreement shall be deemed to be, or shall constitute, a waiver of a breach of any other provision of
this Agreement, whether or not similar, nor shall such waiver constitute a continuing waiver of such breach unless otherwise expressly provided in such waiver. 

  

	9.11	Sales Tax. All prices quoted in this Agreement are exclusive of all applicable sales, use or other excise taxes (including sales tax and goods and services tax), Patriot is
responsible for all taxes and similar charges customary for a buyer of products and services as herein contemplated. 

  

	9.12	Execution. This Agreement may be executed in one or more counterparts, each of which when taken together shall constitute one and the same instrument, This Agreement may be
delivered by personal delivery or Facsimile transmission. 

  

	9.13	Independent Contractors. Nothing contained in this Agreement shall be deemed or construed to create any partnership or joint venture between Yamoto and. Patriot. Each
party’s activities pursuant to this Agreement shall be carried on by such party as an independent company and not as an agent for or employee of the other party. Unless stated elsewhere in this Agreement, neither party shall have no authority
to act on behalf of the other party or to bind the other party directly or indirectly. Under no circumstances shall any party’s employee be deemed or construed to be an employee of the other party, nor shall Yamoto and Patriot be deemed to be
co-employers of any employee. 

  
 WHEREFORE, the parties have
executed this Agreement as of the date first written above. 
  

			
	YAMOTO MOTOR CORPORATION
		
	 	 	 /s/ Jason Gore

	By:	 	Jason Gore
	Title:	 	President
		
	 	 	 /s/ Jason Gore

	By:	 	Jason Gore

  

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	PATRIOT MOTORCYCLES CORPORATION
		
	 	 	 /s/ Michel Attlas

	By:	 	Michel Attlas
	Title:	 	CEO
	
	PATRIOT MOTORCYCLES CORPORATION
		
	 	 	 /s/ Daniel Cwleka

	By:	 	Daniel Cwleka
	Title:	 	President

  

 24

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