Document:

Underwriting Agreement

 Exhibit 4.43 

English Summary 

Of 

Underwriting Agreement regarding the Third Tranche of Medium-Term Note 

Issued by China Telecom Corporation Limited in 2009 

Among 

China Telecom Corporation Limited 

and 

China Construction Bank Corporation 

and 

Industrial and Commercial Bank of China Ltd. 

(as amended) 
 China
Telecom Corporation Limited (the “Company”), as the issuer, China Construction Bank Corporation, as the lead underwriter, and Industrial and Commercial Bank of China Ltd., as the joint lead underwriter, entered into an underwriting
agreement on the medium-term note issued by the Company from 2009 to 2011 (the “Underwriting Agreement”) on October 19, 2009 and two supplemental agreements of the Underwriting Agreement on October 20, 2009 and December 4,
2009, respectively. The key terms and conditions of the Agreement are summarized as follows: 
 Medium-Term Note: 

The Company plans to issue 10 billion RMB denominated medium-term notes (“Notes”) to the PRC inter-bank debenture market (the
“Issue”). The term of the Notes will not exceed five years. 
 Underwriters and Means of Underwriting: 

China Construction Bank Corporation is the Lead Underwriter and Book Runner and Industrial and Commercial Bank of China Ltd. is the Joint Lead Underwriter
(hereafter referred to collectively as the “Underwriters”). The Underwriters jointly commit stand-by underwriting for the issuance of the Notes after the Issue. The Company shall pay the underwriting commission, which shall be distributed
among the Underwriters by the Book Runner in accordance with the Distribution Chart of the Underwriting Quotas as determined by the Lead Underwriter and the Joint Lead Underwriter through joint consultation. 

Means of Issue and Interest: 
 The
Medium-Term Note shall be placed through a centralized book-building and allocation process. The interest rate shall be determined through consultation and agreement among the Issuer, the Lead Underwriter and the Joint Lead Underwriter in accordance
with the final result of the centralized book-building and allocation process. 
  

 1 

 Payment at Maturity: 

The principal and interest of the Medium-Term Note shall be paid through China Government Securities Depository Trust & Clearing Co., Ltd. and
its relevant agencies. The Company shall make the payment in accordance with its agreements with the China Government Securities Depository Trust & Clearing Co., Ltd. and relevant rules of China Government Securities Depository
Trust & Clearing Co., Ltd. 
 Prerequisites for the Issue: 

The Lead Underwriter and the Joint Lead Underwriter shall assume the underwriting responsibility in this Underwriting Agreement when all of the relevant
prerequisites are satisfied, including: (1) the Company has obtained the approvals from all the relevant competent authorities, and the Lead Underwriter and the Joint Lead Underwriter have obtained on a timely basis evidences that the Company
has already obtained such documents; (2) the Lead Underwriter and the Joint Lead Underwriter have completed due diligence according to their standards and requirements; (3) the Company has not breached any obligations, representations or
warranties in this agreement or the Issue Documents; (4) the Company and the Underwriters have reached agreement through consultation and executed the Letter of Confirmation on the Medium-Term Note and the Issue Interest; (5) written
authorization or approval from relevant competent internal departments for the Issue of each batch of Medium-Term Note has been obtained in accordance with the Articles of Association of the Company; (6) specialized organizations with
corresponding qualifications have issued professional reports on the Issue of the Medium-Term Note in accordance with laws and regulations; (7) the Company represents that it has performed the obligation of information disclosure according to
the requirement of relevant laws and regulations; and (8) the Company has not committed any breach, encountered any force majeure or experienced any change of circumstances as defined in this agreement. 

Representations and Warranties: 
 Each
party represents that: (1) it exists in compliance with PRC laws and has undergone all the necessary internal procedures in order to enter into this agreement; (2) it is legal and valid to enter into this agreement and the agreement has
binding force; and (3) the execution of this agreement does not violate the internal articles of association, laws and regulations, or other binding contracts or agreements which such party is a party thereto. 

The Company further represents that (1) its Issue of the Medium-Term Note satisfies the various prerequisites set forth by the People’s Bank of
China and relevant commercial associations; (2) its latest financial statements are compiled according to applicable PRC laws, regulations and accounting standards, and those statements are true, complete, accurate and valid in all the major
aspects; (3) it has submitted, registered or filed for record all the reports, resolutions, application forms or other documents upon the request of relevant authorities; (4) all the documents and information provided by the Company to the
Underwriters are true, complete, accurate and valid, and the Company does not keep from the Underwriters any information that may affect its financial conditions and its ability to repay the Medium-Term Note; (5) the Issue Documents include all
the material information of the Company and the Issue of the Medium-Term Note; all the representations are true, complete, accurate and valid in all the major aspects; and there is no misleading or omitted material information and no negligence
which is significantly misleading; and (6) there is no ongoing lawsuits or any other legal proceedings that may affect or threaten the Company’s ability to execute or perform the obligations in this agreement or to repay the Medium-Term
Note. 
  

 2 

 The Underwriters further represent that (1) the Underwriters have not concealed from the Company any
information that may materially and adversely affect their ability to perform the responsibility under this agreement, and the information provided by the Underwriters to the Company does not contain any materially untrue or misleading statement;
and (2) if any dispute arises over this agreement among the Underwriters, Lead Underwriter and the Joint Underwriters’ assumption of the responsibilities and liabilities under this agreement will not be affected. 

Rights and Obligations: 
 The rights and
obligations of the Company include the rights to (1) obtain the fund raised by issuance of the Medium-Term Note; (2) negotiate and determine factors related to the Issue such as the issuance scale, term, procedure, means, the interest rate
range of the book-building and etc.; (3) utilize independently the fund raised in compliance with national policies and the Issue Documents; (4) independently decide to terminate, suspend, delay or cancel the Issue unless otherwise
provided in the laws, regulations or industry regulations; (5) obtain from the Underwriters services in relation to the Issue and payment of the Medium-Term Note; and the obligations to (6) utilize the fund raised for the purposes
specified in the Issue Documents, however, the fund should not be used for any other purposes; (7) pay the Medium-Term Note fully and timely; (8) pay the underwriting commissions on time and in full amount; (9) commence the Issue
within two months from the day when the Medium-Term Note is registered at the National Association of Financial Market Institutional Investors and complete the Issue before the set deadline; (10) provide to the Underwriters a reasonable number
of copies of the Issue Documents, notify the Underwriters if there are any mistakes or omissions in the documents, and amend and supplement the content of the Issue Documents upon reasonable request of the Underwriters; (11) disclose
information regularly and make sure the disclosed information is true, accurate, complete and valid; (12) cooperate with the Underwriters to conduct due diligence; (13) comply with relevant laws and regulations, accept the supervision and
administration by the People’s Bank of China, and inform the Underwriters on a timely basis when it receives any notice from the National Association of Financial Market Institutional Investors regarding the documents of the issue and the
registration; (14) when the Company learns any information that may cause its statements, representations and undertakings in this agreement to be untrue, incomplete or inaccurate before the end of the Issue, it shall notify the Underwriters
timely and take remedial measures to remedy the situation or make announcements upon reasonable request of the Underwriters; (15) provide the Underwriters timely with any information that may materially and adversely affect the Company’s
ability to pay the Medium-Term Note; and (16) provide timely all the documents and information that the Underwriters need to prepare the application material, and ensure that the documents and information are true, accurate and complete.

  

 3 

 The rights and obligations of the Underwriters include the rights to (1) collect the underwriting
commission; (2) request from the Company unpublished legal documents and financial material related to the Issue; (3) review and issue opinion on the truth, accuracy, validity and completeness of the application material of Issue;
(4) urge the Company to timely perform its duty of disclosing information and paying the Medium-Term Note, etc.; (5) request the Company to rectify and reform its under-standard practice and may refuse to provide the letter of
recommendation for the application for the Issue if the Issuer fails to act accordingly; (6) decide on the members of the Underwriting Syndicate; (7) be free from the responsibility for the Company’s delay of payment for the principal
and interest and the responsibility for advancing money for the Company; and the obligations to (8) take the responsibility for underwriting the remaining sum after the Issue of the Medium-Term Note; (9) Medium-Term Note issued shall not
be more than the allowed amount and the Issue shall not be later than the allowed time limit, and supervise the underwriting activity of the members in the Underwriting Syndicate; (10) provide professional consulting services regarding the
Issue of the Medium-Term Note to the Company; (11) review the application material of the Company, conduct due diligence of the Company, and issue the Underwriter’s Letter of Recommendation; (12) assist the Company in making the
payment plans and provide relevant services; (13) assist the Company in preparing the Issue Documents such as the Prospectus; and (14) provide invoice for the underwriting commission they get. 

The Lead Underwriter has the additional obligations set below: (1) transfer timely all fund raised to the account of the Company; (2) assist
the Company in registration of the Medium-Term Note, application for the Issue, and depository registration; (3) take lead in organizing the Underwriting Syndicate and be responsible for organization, coordination and supervision of the members
in the Underwriting Syndicate, distribute the underwriting commission to members of the Underwriting Syndicate according to the Underwriting Syndicate Agreement after receiving the commission; and (4) file documents to and coordinate and
communicate with the People’s Bank of China and the National Association of Financial Market Institutional Investors, and coordinate and communicate with various professional organizations. 

 

 4 

 Breach of Agreement: 

Breach of agreement include the following situations: (1) the representations and warranties made in the agreement are untrue; (2) there are any
false records, misleading statements or material omissions in information disclosed to the public or to a third party; (3) the Company fails to pay the full amount of underwriting commission according to the timetable; (4) the Underwriters
fail to pay the full amount of raised money according to the timetable; and (5) the Underwriters fail to assume the responsibility for committing stand-by underwriting for the note. 

Change of Circumstances: 
 Change of
Circumstances refers to the following changes that may materially and adversely affect the successful Issue or Payment of the Medium-Term Note: (1) significant changes in the senior management, the business environment or the business
circumstances; (2) significant changes or decrease of the net assets; (3) material litigation or arbitration; and (4) restructuring, separation and merger and acquisition. 

Force Majeure: 
 Force majeure includes
any unforeseeable, unavoidable and insurmountable objective situations that happen before the last day of the Issue of each batch of note, including but not limited to significant changes in the national policies, laws and regulations, earthquake,
flood, plague, war and so on, and the objective situation has already materially and adversely affected or may materially and adversely affect the business conditions, financial conditions, or business prospects of the Company, the Lead Underwriter
or the Joint Underwriter or the Issue of the Notes. If a force majeure event happens, the parties of this agreement may decide to suspend the performance of obligations under the agreement after consultation and with the parties’ agreement. If
the force majeure event affects the ability of one party in this agreement to perform the obligations under this agreement, the suspension of performance during the period of delay caused by the force majeure event shall not be deemed as a breach of
agreement. The party which declares force majeure shall notify the other parties in writing immediately and provide sufficient evidence of the force majeure event within the following 15 days. All the parties shall make reasonable efforts to reduce
the negative impact of the force majeure event; otherwise, the party who fail to make any honest and well-intentioned efforts shall be responsible for compensation for the additional loss suffered by the other parties as a result of the party’s
inaction. If the force majeure event or its result causes any adverse and material impact on the Company for a period longer than six months, and no solution is found by the parties through consultation, then any of the parties may terminate this
agreement. 
  

 5 

 Termination: 

This agreement can be terminated for the following reasons: (1) with unanimous consent of the three parties of this agreement; (2) any party
terminates the agreement in accordance with the provisions regarding the change of circumstances hereof; (3) the agreement shall be terminated according to the force majeure provisions and (4) the agreement is fully performed. 

Disputes Resolution: 
 Any dispute
arising from or related to this agreement shall be submitted to the China International Economic and Trade Arbitration Commission for arbitration and the venue of arbitration is Beijing. 

 

 6Asset Purchase Agreement

 Exhibit 10.1 

ASSET PURCHASE AGREEMENT 

Dated as of June 24, 2010 

By and Among 

NCI Group, Inc. 

as Purchaser, 

MSC Pre Finish Metals (MT) Inc. 

as Seller, and 

Material Sciences Corporation 

as Guarantor 

 TABLE OF CONTENTS 

 

					
	 	  	Page
		
	 ARTICLE I DEFINITIONS
	  	1
			
	 Section 1.1
	 	Definitions	  	1
		
	 ARTICLE II THE TRANSACTION
	  	5
			
	 Section 2.1
	 	Purchase and Sale of Purchased Assets	  	5
			
	 Section 2.2
	 	Excluded Liabilities; Excluded Assets	  	5
			
	 Section 2.3
	 	Consideration	  	5
			
	 Section 2.4
	 	Allocation of Price	  	5
			
	 Section 2.5
	 	Transfer Taxes	  	5
			
	 Section 2.6
	 	Apportionments	  	5
		
	 ARTICLE III CLOSING
	  	6
			
	 Section 3.1
	 	Closing	  	6
			
	 Section 3.2
	 	Closing Deliveries	  	6
		
	 ARTICLE IV REPRESENTATIONS AND WARRANTIES OF SELLER
	  	7
			
	 Section 4.1
	 	Existence and Good Standing	  	7
			
	 Section 4.2
	 	Authorization and Validity of Agreement	  	7
			
	 Section 4.3
	 	Consents and Approvals; No Violations	  	7
			
	 Section 4.4
	 	Title to Properties and Encumbrances	  	8
			
	 Section 4.5
	 	Real Property	  	8
			
	 Section 4.6
	 	Litigation	  	8
			
	 Section 4.7
	 	Environmental Matters	  	8
			
	 Section 4.8
	 	Broker’s or Finder’s Fees	  	9
		
	 ARTICLE V REPRESENTATIONS AND WARRANTIES OF PURCHASER
	  	9
			
	 Section 5.1
	 	Existence and Good Standing	  	9
			
	 Section 5.2
	 	Authorization and Validity of Agreement	  	9
			
	 Section 5.3
	 	Consents and Approvals; No Violations	  	10
			
	 Section 5.4
	 	Litigation	  	10
			
	 Section 5.5
	 	Broker’s or Finder’s Fees	  	10
		
	 ARTICLE VI COVENANTS AND AGREEMENTS
	  	10
			
	 Section 6.1
	 	Further Assurances	  	10

  

 i 

 TABLE OF CONTENTS 

(continued) 
  

					
	 	 	 	  	Page
			
	 Section 6.2
	 	Discharge of Excluded Liabilities	  	10
			
	 Section 6.3
	 	Confidentiality	  	10
			
	 Section 6.4
	 	UCC Termination	  	10
		
	 ARTICLE VII SURVIVAL AND INDEMNIFICATION
	  	10
			
	 Section 7.1
	 	Survival	  	10
			
	 Section 7.2
	 	Indemnification of Seller	  	11
			
	 Section 7.3
	 	Indemnification of Purchaser	  	11
			
	 Section 7.4
	 	Release of Environmental Liabilities	  	11
			
	 Section 7.5
	 	Claims	  	11
			
	 Section 7.6
	 	Right to Contest and Defend	  	12
			
	 Section 7.7
	 	Payment of Damages	  	13
			
	 Section 7.8
	 	Guaranteed Obligations	  	13
		
	 ARTICLE VIII DISCLAIMERS AND WAIVERS
	  	13
			
	 Section 8.1
	 	Disclaimers	  	13
			
	 Section 8.2
	 	Effect and Survival of Disclaimers	  	14
		
	 ARTICLE IX MISCELLANEOUS
	  	14
			
	 Section 9.1
	 	Entire Agreement	  	14
			
	 Section 9.2
	 	Successors and Assigns	  	15
			
	 Section 9.3
	 	Counterparts	  	15
			
	 Section 9.4
	 	Headings	  	15
			
	 Section 9.5
	 	Modification and Waiver	  	15
			
	 Section 9.6
	 	No Third Party Beneficiary Rights	  	15
			
	 Section 9.7
	 	Expenses	  	15
			
	 Section 9.8
	 	Notices	  	15
			
	 Section 9.9
	 	Governing Law; Waiver of Jury Trial; Venue	  	16
			
	 Section 9.10
	 	Publicity	  	17
			
	 Section 9.11
	 	Severability	  	17
			
	 Section 9.12
	 	Enforcement	  	17

  

 -ii- 

 ASSET PURCHASE AGREEMENT 

THIS ASSET PURCHASE AGREEMENT, dated as of June 24, 2010, is entered into by and among NCI Group, Inc., a Nevada
corporation (“Purchaser”), MSC Pre Finish Metals (MT) Inc., a Delaware corporation (“Seller”), and Material Sciences Corporation, a Delaware corporation (“Guarantor”). 

W I T N E S S E T H 

WHEREAS, Seller wishes to sell, and Purchaser wishes to purchase the Purchased Assets (as defined herein) upon the terms and subject to
the conditions set forth below. 
 NOW, THEREFORE, for the mutual covenants and other consideration described herein and for
other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto covenant and agree as follows: 

ARTICLE I 

DEFINITIONS 

Section 1.1 Definitions. As used herein, the following terms have the meanings set forth below (such meanings to be equally
applicable to both the singular and plural forms of the terms defined): 
 “Affiliate” means, with respect to
any Person, any other Person directly or indirectly controlling, controlled by, or under direct or indirect common control with such Person. 

“Agreement” means this Asset Purchase Agreement, as amended from time to time as provided herein. 

“Bill of Sale” has the meaning set forth in Section 3.2(a)(ii) hereof. 

“Business” means the metal coil painting and coating operations and all other activities conducted by Seller at or in
connection with the Facility prior to June 2004. 
 “CERCLA” means the Comprehensive Environmental Response,
Compensation and Liability Act, as amended, 42 U.S.C. § 9601 et seq. 
 “Closing” has the meaning set
forth in Section 3.1 hereof. 
 “Closing Date” has the meaning set forth in Section 3.1
hereof. 
 “Code” means the Internal Revenue Code of 1986, as amended from time to time. 

“Encumbrances” means liens, security interests, options, rights of first refusal, easements, mortgages, charges, bonds,
indentures, deeds of trust, rights-of-way, restrictions, agreements, encroachments, licenses, leases, permits, security agreements, or any other encumbrances and other restrictions or limitations on use of real or personal property or irregularities
in title thereto. 

 “Environmental Law” means any and all applicable Laws, Environmental
Permits, and common law theories relating to pollution, preservation, remediation or protection of the environment, natural resources or human health and safety (including without limitation ambient air, surface, water, ground water, land surface or
subsurface strata), including, without limitation, those relating to emissions, discharges, Releases or threatened Releases of Hazardous Materials (including, without limitation, releases to the environment) or otherwise relating to the manufacture,
processing, distribution, use, treatment, storage, transport, disposal, recycling, reclamation, replacement or handling of Hazardous Materials. Environmental Laws include but are not limited to: the Clean Water Act also known as the Federal Water
Pollution Control Act (“FWPCA”), 33 U.S.C. Section 1251 et seq.; the Clean Air Act (“CAA”), 42 U.S.C. Section 7401 et seq.; the Federal Insecticide, Fungicide, and Rodenticide Act
(“FIFRA”), 7 U.S.C. Section 136 et seq.; CERCLA; the Superfund Amendment and Reauthorization Act of 1986 (“SARA”), Public Law 99-499, 100 Stat. 1613; the Emergency Planning and Community Right to Know Act
(“EPCRA”), 42 U.S.C. Section 11011 et seq.; the Resource Conservation and Recovery Act (“RCRA”), 42 U.S.C. Section 6901 et seq.; and the Occupational Safety and Health Act as amended
(“OSHA”), 29 U.S.C. Section 651 et seq.; the Toxic Substances and Control Act (“TSCA”), 15 U.S.C. Section 2601 et seq.; the Hazardous Materials Transportation Act, 49 U.S.C. Section 5101 et
seq. and the Oil Pollution Act, 33 U.S.C. § 2701 et seq. and statutory nuisance laws; together, in each case, with any amendment thereto, and the regulations adopted and publications promulgated thereunder and all substitutions
thereof. 
 “Environmental Liability” means any direct, indirect, pending or threatened indebtedness,
liability, claim, loss, damage, fine, penalty, cost, expense, deficiency or responsibility, whether known or unknown, regardless of whether any claim or Proceeding is threatened, pending or completed, arising under or relating to any Environmental
Law, Environmental Permit, Release of Hazardous Materials or notice, demand or request from a Governmental Authority, whether based on negligence, strict liability or otherwise, including, without limitation, costs and liabilities for investigation,
removal, remediation, restoration, abatement, monitoring, personal injury, property damage, natural resource damages, court costs, and reasonable attorney’s, witness’s, expert’s consultant’s fees. 

“Environmental Off-Site Liability” means any Environmental Liability that arises at a location other than the Facility
from the transport, disposal or treatment, or the arrangement (whether by contract, agreement, or otherwise) thereof, of Hazardous Materials (a) generated at the Facility prior to the Closing Date or (b) generated by the Seller at a
location other than the Facility. Environmental Off-Site Liability shall not include the migration of a Release from the Facility. 

“Environmental Permits” means all licenses, consents, decrees, approvals, authorizations, permits, plans, variances,
exemptions and agreements required, issued or granted by any public or private entity or person, including without limitation any Governmental Authority for the operation of the Business at the Facility, pursuant to or in relation to any
Environmental Law. 
 “Excluded Assets” means any and all assets of Seller, other than the Purchased Assets.

 “Excluded Liabilities” has the meaning set forth in Section 2.2(a) hereof. 

 

 2 

 “Facility” means the real property located at 2400 Yankee Road, Middletown,
Ohio 45044 together with any improvements, structures or fixtures located thereon or any appurtenances thereof, as more particularly described on Exhibit A attached hereto. 

“Governmental Authority” means any federal, state, county, provincial, municipal, local or foreign, judicial,
legislative, executive or regulatory authority, department, board, court, commission, instrumentality or agency with jurisdiction over the Purchased Assets. 

“Governmental Approvals” means all filings with, notifications to and consents and approvals of any Governmental
Authority necessary so that the consummation of the transactions contemplated hereby will be in compliance with applicable Laws. 

“Guaranteed Obligations” has the meaning set forth in Section 7.8. 

“Guarantor” has the meaning set forth in the preamble of this Agreement. 

“Hazardous Materials” means any substance, whether solid, liquid, or gaseous: (i) which is listed, defined, or
regulated as a “hazardous material,” “hazardous waste,” “solid waste,” “hazardous substance,” “toxic substance,” “pollutant,” “contaminant,” “chemical substance,”
“pesticide,” or otherwise classified as hazardous or toxic, in or pursuant to any Environmental Law; or (ii) which is or contains asbestos, polychlorinated biphenyls, radon, urea formaldehyde foam insulation, explosives, or
radioactive materials; or (iii) which is any petroleum, hydrocarbons, petroleum products or crude oil, and any components, fractions, or derivatives thereof listed, defined or regulated under any Environmental Law or other applicable Law; or
(iv) which causes or poses a threat to cause contamination or nuisance at any properties or any adjacent property, or a hazard to the environment or to the health or safety of persons at, on or about any properties; provided, that the threat or
hazard is actionable under applicable Environmental Law. 
 “Knowledge of Seller,” or similar words or phrases,
means the actual knowledge, information and belief of Steven S. Hamilton, Joseph J. Domaracki and Terry Padgett. 

“Law” means any federal, state or local statute, law, rule, regulation, ordinance, code, policy or rule of common law
now in effect and in each case as amended. 
 “Permitted Encumbrances” means all Encumbrances reflected in the
Title Policy that are acceptable to Purchaser in its sole discretion, including without limitation the standard preprinted exceptions contained in the Title Policy. 

“Person” means any individual, partnership, joint venture, corporation, limited liability company, trust, unincorporated
organization, Governmental Authority or other department or agency thereof or other entity. 
 “Price
Allocation” has the meaning set forth in Section 2.4 hereof. 
 “Proceeding” means a
claim, fine, action, suit, administrative order or notice, demand, investigation, inquiry or other proceeding or any arbitration or binding dispute resolution proceeding by or before any Governmental Authority, mediator or arbitrator. 

 

 3 

 “Purchase Price” has the meaning set forth in Section 2.3
hereof. 
 “Purchased Assets” means all of Seller’s rights, title and interest in and to the Facility,
together with any and all property located within the Facility whether real, personal or mixed, wheresoever situated within the Facility and whether or not specifically referred to herein or in any other Transaction Agreement. 

“Purchased Tangible Property” means all tangible personal property located at the Facility. 

“Purchaser” has the meaning set forth in the preamble of this Agreement. 

“Release” means disposing, discharging, injecting, spilling, leaking, leaching, dumping, emitting, escaping, emptying,
seeping, placing and the like, into or upon any land or water or air, or otherwise entering into the environment, including but not limited to “release” as defined in CERCLA or any other Environmental Law. 

“Tax” means (a) any federal, state, provincial, county, local or foreign taxes, charges, fees, levies or other
assessments, including all net income, gross income, sales and use, goods and services, ad valorem, severance, transfer, gains, profits, excise, franchise, real and personal property, gross receipt, value added, capital stock, production, business
and occupation, disability, employment, payroll, license, estimated, stamp, custom duties, severance, unemployment, social security, Medicare, alternative minimum or withholding taxes or charges (in the nature of a tax) imposed by any Governmental
Authority, and includes any interest and penalties (civil or criminal) on or additions to any such taxes and (b) liability for items in subparagraph (a), above, of any other Person by contract, operation of law (including Treasury Regulation
1.1502-6) or otherwise. 
 “Tax Return” means any return, report, election, declaration, statement, information
return, schedule, or other document (including any related or supporting information) filed or required to be filed with any Governmental Authority in connection with the determination, assessment, collection or administration of any Taxes or the
administration of any Laws relating to any Taxes or any amendment thereof. 
 “Title Policy” has the meaning
set forth in Section 3.2(b)(iv) hereof. 
 “Transaction Agreements” means, collectively, this
Agreement, the Bill of Sale, and the Transfer Deed. 
 “Transfer Deed” has the meaning set forth in
Section 3.2(b)(ii) hereof. 
 “Transfer Taxes” means any real property transfer or excise, sales,
stamp, documentary, recording, registration, conveyance, stock transfer, personal property transfer, similar fees or taxes or charges by a Governmental Authority in connection with this transfer of the Purchased Assets. 

“Treasury Regulations” means the regulations promulgated by the United States Department of the Treasury pursuant to and
in respect of provisions of the Code. All references herein to Sections of the Treasury Regulations shall include any corresponding provision or provisions of Treasury Regulations hereafter proposed or adopted. 

 

 4 

 ARTICLE II 

THE TRANSACTION 

Section 2.1 Purchase and Sale of Purchased Assets. Upon the terms and subject to the conditions set forth in this Agreement,
Purchaser is purchasing from Seller, and Seller is selling, conveying, transferring, assigning and delivering to Purchaser, on the Closing Date, the Purchased Assets, free and clear of any Encumbrances other than Permitted Encumbrances. 

Section 2.2 Excluded Liabilities; Excluded Assets. 

(a) Seller shall retain all liability for, and Purchaser shall not assume or have any obligation with respect to, any
debts, obligations, liabilities or contracts of Seller or its Affiliates of any nature, whether or not known, presently existing, absolute, accrued, contingent or otherwise, including, without limitation, (i) product claims attributable to
products sold by Seller, (ii) any condition, event, circumstance, activity or incident first existing or occurring on or prior to the Closing Date related to the Purchased Assets (except to the extent Purchaser releases Seller for Environmental
Liabilities pursuant to Section 7.4 of this Agreement), (iii) any Environmental Off-Site Liabilities, and (iv) Taxes of Seller for all taxable periods relating to or incurred in connection with the ownership, business or
operation of the Purchased Assets prior to the Closing Date (all such debts, obligations, liabilities and contracts being herein referred to as the “Excluded Liabilities”), other than real estate taxes for which Purchaser shall be
responsible subject to Purchaser receiving a credit in the closing statement. 
 (b) The Excluded Assets shall be
retained by Seller and shall not be transferred to or purchased by Purchaser. 
 Section 2.3 Consideration. The
consideration for the Purchased Assets shall consist of cash in the amount of $4,900,000 (the “Purchase Price”) and the release contained in Section 7.4. 

Section 2.4 Allocation of Price. Promptly after the Closing Date, Purchaser shall prepare an allocation statement setting
forth the allocation of the Purchase Price in accordance with Section 1060 of the Code among the Purchased Assets (the “Price Allocation”). For purposes of computing the amount of Transfer Taxes, the real estate shall be
allocated at $1,500,000 and the Purchased Tangible Property shall be allocated at $3,400,000. Sellers and Purchaser shall report the transactions contemplated hereby on all Tax Returns (including Form 8594 and all other information returns and
supplements thereto required to be filed by the parties under Section 1060 of the Code) in a manner consistent with such Price Allocation. 

Section 2.5 Transfer Taxes. Seller shall pay all applicable Transfer Taxes that may become due or payable in connection with
this Agreement and the transactions contemplated hereby. 
 Section 2.6 Apportionments. The following items shall be
apportioned as of 11:59 p.m., at the place of Closing, on the day preceding the Closing Date: (a) real and personal 

 

 5 

 
property taxes, sewer rents and charges and other Taxes, assessments and charges affecting the Purchased Assets; (b) charges for water, electricity, gas, oil, steam and all other utilities
(except to the extent disposed of by final billing to Seller); and (c) such other items as are customarily apportioned in connection with the sale of similar property. All such items prior to the Closing Date shall be for the account of Seller,
and all such items after the Closing Date shall be for the account of Purchaser. 
 ARTICLE III 

CLOSING 

Section 3.1 Closing. The closing (the “Closing”) of the transactions contemplated hereby are being held at
the offices of Bracewell & Giuliani LLP, 711 Louisiana, Suite 2300, Houston, Texas, at 10:00 a.m. on the date of this Agreement, or such other place, date and time as may be mutually agreed upon by the parties hereto. Such time and date are
referred to herein as the “Closing Date.” 
 Section 3.2 Closing Deliveries. At the Closing:

  

	 	(a)	Purchaser shall deliver to Seller: 

(i) the Purchase Price in cash, by wire transfer of immediately available funds, to the account designated by Seller; and

 (ii) a Bill of Sale pursuant to which Seller sells, transfers and assigns the Purchased Tangible Property to
Purchaser (the “Bill of Sale”), duly executed by Purchaser. 
  

	 	(b)	Seller shall deliver to Purchaser: 

(i) the Bill of Sale, duly executed by Seller; 

(ii) a limited warranty deed pursuant to which Seller transfers the Facility to Purchaser (the “Transfer
Deed”), duly executed by Seller; 
 (iii) certified copies of the resolutions duly adopted by the board
of directors of Seller authorizing the execution, delivery and performance of this Agreement and the other Transaction Agreements, and the consummation of all transactions contemplated hereby and thereby; 

(iv) an ALTA Owner Policy or Policies of Title Insurance or marked up commitment for a Title Policy (collectively, the
“Title Policy”), to be supplied by Seller at its sole expense, in form and substance satisfactory to Purchaser in its sole discretion, insuring good and marketable title in Purchaser of the Facility subject only to Permitted
Encumbrances, and any exception as to taxes not yet due and payable; 
  

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 (v) a duly executed certificate of non-foreign status in the form and manner
that complies with Section 1.1445-2(b)(2) of the Treasury Regulations thereunder; and 
 (vi) the plans and
documents related to the Purchased Assets that are in the possession of Seller or any of its Affiliates, including those located at the Facility and the corporate offices of Seller or Guarantor. 

ARTICLE IV 

REPRESENTATIONS AND WARRANTIES OF SELLER 

Seller hereby represents and warrants to Purchaser as follows: 

Section 4.1 Existence and Good Standing. Seller is a corporation duly organized, validly existing and in good standing under
the laws of the State of Delaware. Seller has the power and authority to own the Purchased Assets. Seller is duly qualified or licensed to do business in each jurisdiction in which the character or location of the properties owned or leased by
Seller or the nature of the business conducted by Seller makes such qualification necessary and the absence of which would have a material adverse effect. 

Section 4.2 Authorization and Validity of Agreement. Seller has full corporate power and authority to execute and deliver the
Transaction Agreements, to perform its obligations thereunder, and to consummate the transactions contemplated thereby. The execution and delivery by Seller of the Transaction Agreements, the performance by Seller of its obligations thereunder and
the consummation of the transactions contemplated thereby have been duly authorized and approved by the board of directors of Seller and no further corporate action is required in connection with the execution and delivery of the Transaction
Agreements and the consummation of the transactions contemplated thereby. The Transaction Agreements constitute the valid and binding obligations of Seller enforceable in accordance with their respective terms, except as such enforcement may be
limited by bankruptcy, insolvency, reorganization, moratorium or other similar Laws affecting enforcement of creditors’ rights generally and by general principles of equity (whether applied in a proceeding at law or in equity). 

Section 4.3 Consents and Approvals; No Violations. The execution, delivery and performance of the Transaction Agreements by
Seller and the consummation by Seller of the transactions contemplated thereby will not, with or without the giving of notice or the lapse of time or both: (a) violate or conflict with any provision of the charter documents or bylaws or
equivalent governing instruments of Seller; (b) violate any Law applicable to Seller or by which any of the Purchased Assets may be bound; (c) require any filing by Seller with, or require Seller to obtain any permit, consent or approval
of, or require Seller to give any notice to, any Governmental Authority or any other Person other than as set forth in Schedule 4.3 attached hereto; or (d) result in a violation or breach by Seller of, conflict with, constitute (with or
without due notice or lapse of time or both) a default by Seller of, require any consent (or give rise to any right of termination, cancellation, payment or acceleration) under or result in the creation of any Encumbrance upon any of the Purchased
Assets under any of the terms, conditions, or provisions of any note, bond, mortgage, indenture, license, franchise, permit, agreement, lease, franchise agreement or other instrument or obligation to which Seller is a party, or by which it or any of
the Purchased Assets may be bound. 
  

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 Section 4.4 Title to Properties and Encumbrances. Except as set forth in
Schedule 4.4 attached hereto, Seller has good and valid title to the Purchased Tangible Property, in each case free and clear of all Encumbrances other than Permitted Encumbrances. 

Section 4.5 Real Property. 

(a) Exhibit A attached hereto contains a complete and accurate legal description of the Facility. All title
policies, and surveys, regarding the Facility in Seller’s possession or control have been delivered to Purchaser. 

(b) To Seller’s Knowledge, Seller’s ownership and operation of the Facility is and has been in compliance in all
material respects with all land use restrictions, zoning, regulations, ordinances, Environmental Laws and other similar Laws applicable thereto. During the past three (3) years, neither Seller nor any of its agents or employees has received any
written notice from any Governmental Authority having jurisdiction over the Facility alleging any violation of any applicable Law, including, but not limited to, those relating to Environmental Laws, zoning, building, use, personal disability and
fire or safety, which has not been cured or remedied. To Seller’s Knowledge, there are not any threatened Proceedings for the rezoning of the Facility or any portion thereof. 

(c) To the Knowledge of Seller, no condemnation or similar Proceeding is pending or threatened, that would preclude or
impair the use of the Facility. 
 Section 4.6 Litigation. There is no Proceeding that is pending or, to the
Knowledge of Seller, threatened, (a) against the Purchased Assets or rights of Seller relating to the Purchased Assets, or (b) seeking to prevent or challenge the transactions contemplated by this Agreement. No attachments, execution
proceedings, assignments for the benefit of creditors, insolvency, bankruptcy, reorganization or other Proceedings are pending or, to the Knowledge of Seller, threatened against Seller, nor are any of such Proceedings contemplated by Seller.

 Section 4.7 Environmental Matters. 

(a) No outstanding closure obligations exist at the Facility pursuant to applicable Environmental Law. During the five
(5) years prior to the Closing Date, Seller (i) has not operated the Business at the Facility, and (ii) thus has not required Environmental Permits for the ownership and operation of the Purchased Assets in compliance in all material
respects with Environmental Laws. 
 (b) During the five (5) years prior to the Closing Date, no
Environmental Liability (including Environmental Off-Site Liability) has been asserted, filed, commenced, or in writing threatened against Seller with respect to the ownership or operation of the Purchased Assets or Seller’s conduct of the
Business. 
 (c) Seller has delivered to Purchaser documentation reflecting the facts or circumstances which, to
Seller’s Knowledge, are now or were formerly in existence in relation to the Purchased Assets or the Business that would be reasonably likely to result in Environmental Liabilities (including Environmental Off-Site Liabilities). 

 

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 (d) To Seller’s Knowledge, except as set forth in Schedule
4.7(d), no Release or threatened Release of Hazardous Materials has occurred or is occurring at or from the Facility for which Environmental Law requires notice, further investigation or any form of responsive action. 

(e) To Seller’s Knowledge, Schedule 4.7(e) lists all underground and above ground storage tanks located or
previously located at the Facility. 
 (f) To Seller’s Knowledge and based upon reasonable inquiry, Seller
has identified and made available to Purchaser copies of each environmental investigation, study, audit, test and other analysis in the possession of Seller or the Business, or of which Seller has Knowledge, in relation to the Purchased Assets, the
Business or existing or potential Environmental Liability (including Environmental Off-Site Liability) of Seller or the Business. 

Section 4.8 Broker’s or Finder’s Fees. No agent, broker, Person or firm acting on behalf of Seller is, or will be,
entitled to any fee, commission or broker’s or finder’s fees in connection with this Agreement or any of the transactions contemplated hereby. 

ARTICLE V 

REPRESENTATIONS AND WARRANTIES OF PURCHASER 

Purchaser represents and warrants to Seller as follows: 

Section 5.1 Existence and Good Standing. Purchaser is a corporation duly organized, validly existing and in good standing
under the laws of the State of Nevada. Purchaser has the power and authority to own, lease and operate its property and to carry on its business as now being conducted and to own or lease the assets owned or leased by it. Purchaser is duly qualified
or licensed to do business in each jurisdiction in which the character or location of the properties owned or leased by such Purchaser or the nature of the business conducted by such Purchaser makes such qualification necessary and the absence of
which would have a material adverse effect. 
 Section 5.2 Authorization and Validity of Agreement. Purchaser has
full corporate power and authority to execute and deliver the Transaction Agreements, to perform its obligations thereunder and to consummate the transactions contemplated thereby. The execution and delivery by Purchaser of the Transaction
Agreements, the performance by Purchaser of its obligations thereunder and the consummation of the transactions contemplated thereby have been duly authorized and approved by the Board of Directors of Purchaser and no further corporate action is
required in connection with the execution and delivery of the Transaction Agreements and the consummation of the transactions contemplated thereby. The Transaction Agreements constitute the valid and binding obligation of Purchaser enforceable in
accordance with their respective terms, except as such enforcement may be limited by bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting enforcement of creditors’ rights generally and by general principles of
equity (whether applied in a proceeding at law or in equity). 
  

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 Section 5.3 Consents and Approvals; No Violations. The execution, delivery and
performance of the Transaction Agreements by Purchaser and the consummation by Purchaser of the transactions contemplated thereby will not, with or without the giving of notice or the lapse of time or both: (a) violate or conflict with any
provision of the charter documents or bylaws or equivalent governing instruments of Purchaser; (b) violate any Law applicable to Purchaser or by which any of its properties or assets may be bound; or (c) require any filing by Purchaser
with, or require Purchaser to obtain any permit, consent or approval of, or require Purchaser to give any notice to, any Governmental Authority. 

Section 5.4 Litigation. There is no Proceeding that is pending or, to the knowledge of Purchaser, threatened against
Purchaser that seeks to prevent or challenge the transactions contemplated by this Agreement. 
 Section 5.5
Broker’s or Finder’s Fees. No agent, broker, Person or firm acting on behalf of Purchaser is, or will be, entitled to any fee, commission or broker’s or finder’s fees in connection with this Agreement or any of the
transactions contemplated hereby. 
 ARTICLE VI 

COVENANTS AND AGREEMENTS 

Section 6.1 Further Assurances. Seller and Purchaser each agrees that at any time and from time to time after the Closing
Date, each party shall, at the reasonable request of the other party, execute and deliver any further instruments or documents and take all such further action as the other party may reasonably request in order to consummate and make effective the
sale of the Purchased Assets pursuant to this Agreement. 
 Section 6.2 Discharge of Excluded Liabilities. From and
after the Closing Date, Seller shall ensure the timely discharge of any Excluded Liability that relates to, or is secured by, the Purchased Assets or any portion thereof. 

Section 6.3 Confidentiality. Subject to Section 9.10, from and after the Closing Date, each of the parties shall
treat as strictly confidential and not disclose any information received or obtained as a result of entering into this Agreement (or any of the Transaction Agreements), including (i) the provisions of this Agreement or any other Transaction
Agreement; or (ii) the negotiations relating to this Agreement or any other Transaction Agreement. 
 Section 6.4
UCC Termination. Following the Closing Date, Seller will use commercially reasonable efforts, and will cooperate with Purchaser as reasonably requested by Purchaser, to obtain within sixty (60) days following the Closing Date, the
termination of the UCC financing statements filed in the Butler County, Ohio Recorder’s Office shown as items 7 - 11 of Schedule B, Part II of the Commitment for Title Insurance for the Facility issued by Stewart Title Guaranty Company with an
effective date of March 24, 2010. 
 ARTICLE VII 

SURVIVAL AND INDEMNIFICATION 

Section 7.1 Survival. All of the representations and warranties of the parties contained in this Agreement shall survive the
Closing until the first anniversary of the Closing Date (the 
  

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“Claim Deadline Date”); provided, however, that (i) the representations and warranties in Section 4.7 (Environmental Matters) shall survive the
Closing Date until the third anniversary of the Closing Date, and (ii) the representations and warranties set forth in Section 4.1 and Section 5.1 (Existence and Good Standing), Section 4.2 and
Section 5.2 (Authorization and Validity of Agreement), and Section 4.4 (Title to Properties and Encumbrances), shall survive the Closing indefinitely. Notwithstanding the foregoing, a representation and warranty shall not
expire with respect to any claim made for breach or inaccuracy thereof prior to the expiration of the applicable survival period, until such claim is finally resolved. 

Section 7.2 Indemnification of Seller. Except to the extent that Seller indemnifies Purchaser pursuant to
Section 7.3, Purchaser, from and after the Closing Date, shall indemnify and hold Seller and its successors, permitted assigns, stockholders, directors, officers, employees, agents and representatives (each, a “Seller
Indemnitee”) harmless from and against any and all damages, losses, costs, expenses, fines, settlements, expenditures, claims and liabilities, including reasonable counsel fees and reasonable expenses of investigation, defending and
prosecuting litigation (but excluding punitive or exemplary damages unless a Seller Indemnitee (or in the case of Section 7.3, a Purchaser Indemnitee) is required to pay them to a third-party) (collectively, the
“Damages”), suffered by a Seller Indemnitee as a result of or caused by, arising out of, or in any way relating to (a) any breach of a representation and warranty, or nonfulfillment of any agreement or covenant, on the part of
Purchaser under this Agreement, or (b) the ownership or operation of the Purchased Assets from and after the Closing Date. Purchaser’s aggregate liability for indemnification hereunder shall not exceed the Purchase Price. 

Section 7.3 Indemnification of Purchaser. Seller shall indemnify and hold Purchaser and its successors, permitted assigns,
stockholders, directors, officers, employees, agents and representatives (each, a “Purchaser Indemnitee”) harmless from and against any and all Damages suffered by a Purchaser Indemnitee as a result of, caused by, arising out of, or
in any way relating to (a) any breach of a representation and warranty, or nonfulfillment of any agreement or covenant, on the part of Seller under this Agreement, (b) any Excluded Asset or Excluded Liability, (c) the ownership,
maintenance or operation of the Purchased Assets prior to the Closing Date (except to the extent Purchaser releases Seller for Environmental Liabilities pursuant to Section 7.4 of this Agreement), or (d) any Environmental Off-Site
Liability. Seller’s aggregate liability for breaches of representations and warranties under Section 4.3, 4.5, 4.6 and 4.8 shall not exceed $1,000,000. Seller’s aggregate liability for indemnification hereunder shall not exceed
the Purchase Price. 
 Section 7.4 Release of Environmental Liabilities. Purchaser hereby releases Seller from any
and all claims, demands or causes of action (including without limitation any claim for indemnification pursuant to Section 7.3(b) and Section 7.3(c) hereof) that Purchaser might have asserted or alleged, or may hereafter
assert or allege, against Seller for Environmental Liabilities (other than Environmental Off-Site Liabilities) pertaining to the operation, ownership or use of the Facility or the Purchased Assets by Seller or its Affiliates prior to the Closing
Date, whether or not such Environmental Liability is an Excluded Liability. 
 Section 7.5 Claims. Each indemnified
party hereunder agrees that promptly upon its discovery of facts giving rise to a claim for indemnity under the provisions of this Agreement, 

 

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including receipt by it of notice of any demand, assertion, claim, action or Proceeding by any third party (each, a “Claim”), it will give prompt notice thereof in writing to the
indemnifying party, together with a statement in reasonable detail of all information respecting any of the foregoing as it shall have. Such notice shall include a formal demand for indemnification under this Agreement. Failure to give prompt notice
of a Claim hereunder shall not affect the indemnifying party’s obligations under this Article VII except to the extent the indemnifying party is materially prejudiced by such failure to give such prompt notice. 

Section 7.6 Right to Contest and Defend. 

(a) The indemnifying party shall have the right to defend the indemnified party against a claim for indemnity if it
acknowledges in writing its obligations to indemnify the indemnified party for such claim for indemnity. If the indemnifying party notifies the indemnified party that the indemnifying party elects to assume the defense of the claim for indemnity,
then the indemnifying party shall have the right to defend such claim for indemnity with counsel selected by the indemnifying party (who shall be reasonably satisfactory to the indemnified party), by all appropriate proceedings, to a final
conclusion or settled at the discretion of the indemnifying party in accordance with this Section 7.6(a). In such circumstances, the indemnifying party shall defend any such claim for indemnity in good faith and have full control of such
defense and proceedings, including any compromise or settlement thereof; provided, that the indemnifying party shall not enter into any settlement agreement without the written consent of the indemnified party (which consent shall not be
unreasonably withheld, conditioned or delayed). The indemnified party may participate in, but not control, any defense or settlement of any claim for indemnity controlled by the indemnifying party pursuant to this Section 7.6(a), and the
indemnified party shall bear its own costs and expenses with respect to such participation. 
 (b) If the
indemnifying party fails to notify the indemnified party within the thirty (30) days after receipt of any notice of assertion of a claim for indemnity that the indemnifying party elects to defend the indemnified party pursuant to
Section 7.6(a), then the indemnified party shall defend any such claim for indemnity with counsel selected by the indemnified party (which counsel shall be reasonably satisfactory to the indemnifying party), by all appropriate
proceedings, to a final conclusion or settled. In such circumstances, the indemnified party shall defend any such claim for indemnity in good faith and have full control of such defense and proceedings; provided, that the indemnified party
shall not enter into any settlement agreement without the written consent of the indemnifying party (which consent shall not be unreasonably withheld, conditioned or delayed). If requested by the indemnified party, the indemnifying party agrees, at
its sole cost and expense, to cooperate with the indemnified party and its counsel in contesting any claim for indemnity which the indemnified party elects to contest. The indemnifying party may participate in, but not control, any defense or
settlement controlled by the indemnified party pursuant to this Section 7.6(b), and the indemnifying party shall bear its own costs and expenses with respect to such participation; provided, that if at any time the indemnifying
party acknowledges in writing its obligations to indemnify the indemnified party for such claim for indemnity, the indemnifying party shall be entitled to assume the defense of such claim for indemnity subject to the conditions set forth in
Section 7.6 (a). 
  

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 Section 7.7 Payment of Damages. The indemnifying party shall pay to the
indemnified party in immediately available funds any amounts to which the indemnified party may become entitled by reason of the provisions of this Agreement, such payment to be made within five (5) days after any such amounts are finally
determined either by mutual agreement of the parties hereto or pursuant to the final non-appealable judgment of a court of competent jurisdiction. 

Section 7.8 Guaranteed Obligations. Guarantor hereby unconditionally and irrevocably guarantees to any Purchaser Indemnitee
the full performance and payment of all obligations of Seller to any Purchaser Indemnitee under Section 7.3 (the “Guaranteed Obligations”). Guarantor acknowledges and agrees that, with respect to all obligations to pay
money, such guaranty shall be a guaranty of payment and not of collection. If Seller shall fail to perform any of the Guaranteed Obligations or the full and timely payment of any amount owed with respect to the Guaranteed Obligations, Guarantor,
within ten days of receiving written notice from Purchaser of such failure, shall perform or cause to be performed such Guaranteed Obligations and will make full payment of any amount due with respect thereto at its sole cost and expense. The
liabilities and obligations of Guarantor to any Purchaser Indemnitee pursuant to this Section 7.8 shall be unconditional and irrevocable and shall not be conditioned or contingent upon the pursuit of any remedies against Seller or any
other Person. Guarantor hereby waives any right, whether legal or equitable, statutory or non-statutory, to require any Purchaser Indemnitee to proceed against or take action against or pursue any remedy with respect to Seller or any other Person
before such Purchaser Indemnitee may enforce rights against Guarantor hereunder and, to the fullest extent permitted by Law, any other defenses or benefits that may be derived from or afforded by applicable Law limiting the liability of or
exonerating guarantors or sureties, or which may conflict with the terms of this Section 7.8. The unconditional obligation of Guarantor hereunder will not be affected, impaired or released by any extension, waiver, amendment or thing
whatsoever which would release a guarantor or surety (other than satisfaction in full of the Guaranteed Obligations). 

ARTICLE VIII 

DISCLAIMERS AND WAIVERS 

Section 8.1 Disclaimers. EXCEPT AS EXPRESSLY SET FORTH IN THIS AGREEMENT, IT IS UNDERSTOOD AND AGREED THAT SELLER IS NOT
MAKING AND HAS NOT AT ANY TIME MADE ANY WARRANTIES OR REPRESENTATIONS OF ANY KIND OR CHARACTER, EXPRESSED OR IMPLIED, WITH RESPECT TO THE PURCHASED ASSETS, INCLUDING, BUT NOT LIMITED TO, ANY WARRANTIES OR REPRESENTATIONS AS TO HABITABILITY,
MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, TITLE (OTHER THAN SELLER’S LIMITED WARRANTY OF TITLE TO BE SET FORTH IN THE TRANSFER DEED), ZONING, TAX CONSEQUENCES, LATENT OR PATENT PHYSICAL CONDITION, UTILITIES, OPERATING HISTORY OR
PROJECTIONS, VALUATION, GOVERNMENTAL APPROVALS, THE COMPLIANCE OF THE PURCHASED ASSETS WITH GOVERNMENTAL LAWS, THE TRUTH, ACCURACY OR COMPLETENESS OF THE DOCUMENTS, OR ANY OTHER INFORMATION 

 

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PROVIDED BY OR ON BEHALF OF SELLER TO PURCHASER, OR ANY OTHER MATTER OR THING REGARDING THE PURCHASED ASSETS. PURCHASER ACKNOWLEDGES AND AGREES THAT UPON CLOSING SELLER SHALL SELL AND CONVEY TO
PURCHASER AND PURCHASER SHALL ACCEPT THE PURCHASED ASSETS “AS IS, WHERE IS, WITH ALL FAULTS”, EXCEPT TO THE EXTENT EXPRESSLY PROVIDED OTHERWISE IN THIS AGREEMENT. PURCHASER HAS NOT RELIED AND WILL NOT RELY ON, AND SELLER IS NOT
LIABLE FOR OR BOUND BY, ANY EXPRESSED OR IMPLIED WARRANTIES, GUARANTIES, STATEMENTS, REPRESENTATIONS OR INFORMATION PERTAINING TO THE PURCHASED ASSETS OR RELATING THERETO, TO WHOMEVER MADE OR GIVEN, DIRECTLY OR INDIRECTLY, ORALLY OR IN WRITING,
UNLESS SPECIFICALLY SET FORTH IN THIS AGREEMENT. PURCHASER REPRESENTS TO SELLER THAT PURCHASER HAS CONDUCTED SUCH INVESTIGATIONS OF THE PURCHASED ASSETS AS PURCHASER DEEMS NECESSARY TO SATISFY ITSELF AS TO THE CONDITION OF THE PURCHASED ASSETS, AND
WILL NOT RELY UPON ANY INFORMATION PROVIDED BY OR ON BEHALF OF SELLER OR ITS AGENTS OR EMPLOYEES WITH RESPECT THERETO, OTHER THAN SUCH REPRESENTATIONS, WARRANTIES AND COVENANTS OF SELLER AS ARE EXPRESSLY SET FORTH IN THIS AGREEMENT. UPON CLOSING,
PURCHASER SHALL ASSUME THE RISK THAT CONSTRUCTION AND OTHER DEFECTS IN THE PURCHASED ASSETS MAY NOT HAVE BEEN REVEALED BY PURCHASER’S INVESTIGATIONS, AND PURCHASER, UPON CLOSING, SHALL BE DEEMED TO HAVE WAIVED, RELINQUISHED AND RELEASED SELLER
(AND SELLER’S, OFFICERS, DIRECTORS, SHAREHOLDERS AND EMPLOYEES) FROM AND AGAINST ANY AND ALL CLAIMS, DEMANDS, CAUSES OF ACTION (INCLUDING CAUSES OF ACTION IN TORT), LOSSES, DAMAGES, LIABILITIES, COSTS AND EXPENSES (INCLUDING ATTORNEYS’
FEES AND COURT COSTS) OF ANY AND EVERY KIND OR CHARACTER, KNOWN OR UNKNOWN, WHICH PURCHASER MIGHT HAVE ASSERTED OR ALLEGED AGAINST SELLER (AND SELLER’S PARTNERS, MEMBERS, OFFICERS, DIRECTORS, SHAREHOLDERS AND EMPLOYEES) BY REASON OF OR ARISING
OUT OF ANY LATENT OR PATENT CONSTRUCTION AND OTHER DEFECTS IN THE PURCHASED ASSETS. 
 The indemnification provisions set forth
in Article VII shall be the sole and exclusive remedy of the parties hereto with respect to any and all Damages arising out of or relating to, this Agreement, the other Transaction Agreements or any transaction contemplated hereby or thereby.

 Section 8.2 Effect and Survival of Disclaimers. Seller and Purchaser agree that the provisions of this Article
VIII shall survive Closing. 
 ARTICLE IX 

MISCELLANEOUS 

Section 9.1 Entire Agreement. This Agreement (including the Exhibits and Schedules), together with the other Transaction
Agreements, sets forth the entire understanding of the parties with respect to the subject matter hereof. Other than this Agreement and the other Transaction Agreements, any previous agreements or understandings (whether oral or written) between the
parties regarding the subject matter hereof are merged into and superseded by this Agreement. 
  

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 Section 9.2 Successors and Assigns. The terms and conditions of this Agreement
shall inure to the benefit of and be binding upon the respective successors and assigns of the parties hereto; provided that neither party may assign this Agreement without the prior written consent of the other party hereto, which consent shall not
be unreasonably withheld. Notwithstanding the foregoing, Purchaser may, without Seller’s consent, (a) assign its rights and obligations under this Agreement to an Affiliate of Purchaser; provided that Purchaser shall remain liable for all
of the obligations hereunder, or (b) pledge, grant a security interest in or assign as collateral all or any portion of its rights under this Agreement to any one or more financial institutions and that upon foreclosure, or sale or deed in lieu
of foreclosure by or to any such financial institution, the rights of Purchaser hereunder may be assigned to any such financial institution or any purchaser upon such foreclosure or sale or deed in lieu of foreclosure. 

Section 9.3 Counterparts. This Agreement may be executed in one or more counterparts, including facsimile or pdf
counterparts, each of which shall for all purposes be deemed to be an original and all of which shall constitute the same instrument. 

Section 9.4 Headings. The headings of the Articles, Sections and paragraphs of this Agreement are inserted for convenience
only and shall not be deemed to constitute part of this Agreement or to affect the construction hereof. 
 Section 9.5
Modification and Waiver. No amendment, modification or alteration of the terms or provisions of this Agreement shall be binding unless the same shall be in writing and duly executed by the parties hereto, except that any of the terms or
provisions of this Agreement may be waived in writing at any time by the party entitled to the benefits of such waived terms or provisions. No waiver of any of the provisions of this Agreement shall be deemed to or shall constitute a waiver of any
other provision hereof (whether or not similar). No delay on the part of either party in exercising any right, power or privilege hereunder shall operate as a waiver thereof. 

Section 9.6 No Third Party Beneficiary Rights. This Agreement is not intended to and shall not be construed to give any
Person (other than the parties signatory hereto or their assigns) any interest or rights (including, without limitation, any third party beneficiary rights) with respect to or in connection with any agreement or provision contained herein or
contemplated hereby. 
 Section 9.7 Expenses. Except as otherwise specifically provided for herein, Seller and
Purchaser shall each pay all costs and expenses incurred by them or on their behalf in connection with this Agreement and the transactions contemplated hereby. 

Section 9.8 Notices. Any notice, request, instruction or other document to be given hereunder by any party hereto to any
other party shall be sufficiently given if delivered in person or sent by facsimile or registered or certified mail, postage prepaid, return receipt requested, addressed as follows: 

if to Seller or Guarantor, to: 

Material Sciences Corporation

2200 East Pratt Blvd.

Elk Grove Village, IL 60007

Attn: Chief Executive Officer

Fax: 847-439-0737 
  

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 with a copy to: 

Katten Muchin Rosenman LLP 

525 W. Monroe

Chicago, IL 60661

Attn: Matthew Brown

Fax: 312-902-1061 

if to Purchaser, to: 

NCI Group, Inc. 

10943 N. Sam Houston Parkway West 

Houston, Texas 77064

Attn: Todd R. Moore

Fax: (281) 477-9646 

with a copy to: 

Bracewell & Giuliani LLP 

711 Louisiana, Suite 2300 

Houston, Texas 77002 

Attn: Scott L. Miller

Fax: (713) 222-3242 

or at such other address for a party as shall be specified by like notice, and such notice or communication shall be deemed to have been duly given as of
the date so delivered, mailed or sent by facsimile. 
 Section 9.9 Governing Law; Waiver of Jury Trial; Venue. This
Agreement shall be governed by and construed in accordance with the laws of the State of Delaware without regards to conflict of law rules thereof. THE PARTIES HERETO HEREBY IRREVOCABLY WAIVE ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY PROCEEDING
ARISING OUT OF OR RELATED TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED BY THIS AGREEMENT. THE PARTIES HERETO HEREBY CONSENT AND AGREE THAT THEY SHALL COMMENCE ANY ACTION WITH RESPECT TO ANY CLAIMS OR DISPUTES BETWEEN OR AMONG THE PARTIES
HERETO PERTAINING TO THIS AGREEMENT OR TO ANY MATTER ARISING OUT OF OR RELATED TO THIS AGREEMENT IN THE COURTS IN DELAWARE HAVING JURISDICTION OVER SUCH CLAIM OR DISPUTE. 
  

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 Section 9.10 Publicity. Seller acknowledges that Purchaser is a publicly traded
corporation with heightened disclosure responsibilities, and that Purchaser will determine, with the advice of its outside legal counsel, whether it will file this Agreement with the United States Securities and Exchange Commission
(“SEC”) or otherwise describe this Agreement and the transactions contemplated hereby in any filing with the SEC. Purchaser shall provide Seller notice of Purchaser’s intent to file this Agreement, or otherwise describe it and
the transactions contemplated hereby in any filing, with the SEC. Additionally, Purchaser acknowledges that Seller’s parent company, Guarantor, is a publicly traded corporation with heightened disclosure responsibilities, and that Guarantor
will determine, with the advice of its outside legal counsel, whether it will file this Agreement with the United States Securities and Exchange Commission (“SEC”) or otherwise describe this Agreement and the transactions
contemplated hereby in any filing with the SEC. Guarantor shall provide Seller notice of Guarantor’s intent to file this Agreement, or otherwise describe it and the transactions contemplated hereby in any filing, with the SEC. Each of Seller
and Purchaser may make announcements regarding the execution of this Agreement and the Purchase Price to the financial community, employees or the general public. 

Section 9.11 Severability. If any provision of this Agreement is invalid, illegal or incapable of being enforced by any rule
of law or public policy, all other provisions of this Agreement shall nevertheless remain in full force and effect so long as the economic or legal substance of the transactions contemplated hereby is not affected in any manner materially adverse to
any party. Upon such determination that any provision is invalid, illegal or incapable of being enforced, the parties hereto shall negotiate in good faith to modify this Agreement so as to effect the original intent of the parties as closely as
possible in an acceptable manner to the end that the transactions contemplated hereby are fulfilled. 
 Section 9.12
Enforcement. The parties hereto agree that the remedy at law for any breach of this Agreement is inadequate and that should any dispute arise concerning the sale of the Purchased Assets or any other matter hereunder, this Agreement shall be
enforceable in a court of equity by an injunction or a decree of specific performance. Such remedies shall, however, be cumulative and nonexclusive, and shall be in addition to any legal or other remedies the parties hereto may have. 

[Remainder of Page Intentionally Left Blank. Signature Page Follows.] 

 

 17 

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

			
	SELLER
	
	MSC Pre Finish Metals (MT) Inc.
		
	By:	 	 /s/ Clifford D. Nastas

	Name:	 	Clifford D. Nastas
	Title:	 	Chief Executive Officer
	
	PURCHASER
	
	NCI Group, Inc.
		
	By:	 	 /s/ Todd R. Moore

	Name:	 	Todd R. Moore
	Title:	 	Executive Vice President and General Counsel
	
	GUARANTOR
	
	Material Sciences Corporation
		
	By:	 	 /s/ Clifford D. Nastas

	Name:	 	Clifford D. Nastas
	Title:	 	Chief Executive Officer

  

 18

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