Document:

EX-10.16

 Exhibit 10.16 

 
 

 
 GE Corporate 
 L. Kevin Cox

 Chief Human Resources Officer 
 November 16, 2022

 Mr. Peter Arduini 
 GE Healthcare Holding LLC 

500 W. Monroe Street 
 Chicago, IL 60601 

Dear Pete: 
 On behalf of General Electric Company
(“GE”), it is with pleasure that I extend this offer for Appointment as President and Chief Executive Officer of GE HealthCare Technologies, Inc. (the “Company” or “GE HealthCare”). The details of this letter amend the
terms of your existing June 15, 2021 offer letter (your “Offer Letter”) and will be effective on the distribution date for the spin-off of GE HealthCare, immediately following the time on such
date that the distribution of shares of the Company is payable to shareholders of GE (the “Effective Time”). 
 Position Details: Effective
as of the Effective Time, you will begin your employment with GE HealthCare in the position of President and Chief Executive Officer. You will report directly to the Company’s board of directors (the “Board”).    

 You will be appointed as a director of the Company at or prior to the Effective Time. You will be indemnified for serving as President and Chief
Executive Officer, as a director and in any other officer and director capacities on a basis no less favorable than provided by the Company to any other executive officer or director, whether pursuant to governing documents, by agreement or
otherwise. 
 Compensation: Your Target Total Direct Compensation will be $15,000,000 annually, comprised of the following components:
(a) annual base salary equal to $1,250,000 (“Base Salary”); (b) annual bonus target equal to 150% of your Base Salary; and (c) targeted grant fair value for annual LTIP Awards equal to $11,875,000 (beginning with the annual grant
scheduled to be made on or about March 1, 2023). 
 Equity Awards: As part of the spin-off, your
previously granted sign-on equity award of GE Performance Stock Units (“sign-on PSUs”) will be converted into GE HealthCare PSUs. The sign-on PSUs will continue to be contingent upon (i) meeting specific performance metrics and targets tied to GE HealthCare, and (ii) your continued service with GE HealthCare until 2024. Metrics and targets
for the sign-on PSUs will be established annually by the GE HealthCare’s Compensation Committee as part of its Annual Executive Incentive Plan processes for performance years 2023 and 2024. 

Your outstanding 2022 GE LTIP Awards will be converted to GE HealthCare equity awards in a manner consistent with all other GE HealthCare employees. All of
your prior service with GE will be considered to be continuous with all of your GE HealthCare service for purposes of the continuous service requirements applicable to the retirement provisions set forth in those 2022 GE LTIP Awards. 

 Peter Arduini Offer Letter 

November 16, 2022 
 Professional Fees:
The Company will pay directly the reasonable legal and other professional fees and expenses you incur in connection with review, negotiation and execution of this letter and any other agreements contemplated hereby. 

Effect of the Spin-Off on Plans and Programs: Per the terms of the
spin-off, your Offer Letter (as amended hereby) will be assumed by GE HealthCare. As of the Effective Date, references in the Offer Letter to “GE” or the “Company” shall mean GE Healthcare
(except as the context may otherwise require), references to plans and programs shall mean the corresponding, successor and other plans or programs of GE HealthCare. Your rights under such GE plans and programs as of the Effective Time (including to
payments and benefits) will be converted to the GE HealthCare plans and programs in a manner consistent with other similarly situated GE HealthCare employees. 

Except as set forth herein, all other terms and provisions of the Offer Letter remain unchanged and in full force and effect. 

Pete, I am incredibly excited to extend this offer to serve as GE HealthCare’s President and Chief Executive Officer. Please review and direct any
questions to me. We look forward to your acceptance of this offer and response by email by November 17, 2022. 
 Sincerely, 

L. Kevin Cox 
 Chief Human Resources Officer 

GE 
 Please signify your acceptance of this offer and amendments
to your Offer Letter: 
  

					
	 /s/ Peter J. Arduini
	 		  	 11/16/2022

	Signature	 		  	DateExhibit 4.1

 

SPECIMEN ORDINARY SHARE CERTIFICATE

 

	CERTIFICATE NUMBER	SHARE	

 

AGBA GROUP
HOLDING LIMITED

INCORPORATED UNDER THE LAWS OF THE BRITISH VIRGIN
ISLANDS

 

ORDINARY SHARE

 

SEE REVERSE FOR

CERTAIN DEFINITIONS

 

	THIS CERTIFIES THAT	CUSIP: G[*]
	 	 
	IS THE OWNER OF	 

 

FULLY PAID AND NON-ASSESSABLE ORDINARY SHARES OF
$0.001 PAR VALUE

 

AGBA GROUP HOLDING LIMITED

transferable on the books of the Company in person
or by duly authorized

attorney upon surrender of this certificate properly endorsed. This certificate is not valid unless

countersigned by the Transfer Agent and registered by the Registrar. Witness the seal of

the Company and the facsimile signatures of its duly authorized officers.

 

Dated:

 

AGBA GROUP HOLDING LIMITED

CORPORATE

SEAL 2019

BRITISH VIRGIN ISLANDS

 

AGBA GROUP HOLDING LIMITED

 

The Company will furnish without charge to each
shareholder who so requests the powers, designations, preferences and relative, participating, optional or other special rights of each
class of share or series thereof of the Company and the qualifications, limitations, or restrictions of such preferences and/or rights.
This certificate and the Ordinary Shares represented thereby are issued and shall be held subject to all the provisions of the Amended
and Restated Memorandum and Articles of Association and all amendments thereto and resolutions of the Board of Directors providing for
the issuance of Ordinary Shares (copies of which may be obtained from the secretary of the Company), to all of which the holder of this
certificate by acceptance hereof assents.

 

The following abbreviations, when used in the inscription
on the face of this certificate, shall be construed as though they were written out in full according to applicable laws or regulations:

 

TEN COM - as tenants in common 

TEN ENT -  as tenants by the entireties 

JT TEN -     as
joint tenants with right of survivorship and not as tenants in common

 

     

     

    

 

	UNIF GIFT MIN ACT -	 	Custodian	 
	 	(Cust)	 	(Minor)
	 	under Uniform Gifts to Minors
	 	Act	 
	 	 	(State)

 

Additional Abbreviations may also be used though
not in the above list.

 

	PLEASE INSERT SOCIAL SECURITY OR 

OTHER

IDENTIFYING NUMBER OF ASSIGNEE	 
	 	 
	 	 
	 	 
	 
	(PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS, INCLUDING ZIP CODE, OF ASSIGNEE)
	 
	 

 

	 	 
	 	 	shares
	of the capital stock represented by the within Certificate, and do hereby irrevocably constitute and appoint
	 	 
	 	 	Attorney
	to transfer the said share on the books of the within named Corporation will full power of substitution in the premises.

 

	 
	Dated	 	 	 
	 	 	 
	 	 	NOTICE:	The signature to this assignment must correspond with the name as written upon the face of the certificate in every particular, without alteration or enlargement or any change whatever.
	Signature(s) Guaranteed:
	 	 	 	 	 

 

For value received, ___________________________
hereby sell, assign and transfer unto

 

 

THE SIGNATURE(S) MUST BE GUARANTEED BY AN ELIGIBLE GUARANTOR INSTITUTION
(BANKS, STOCKBROKERS, SAVINGS AND LOAN ASSOCIATIONS AND CREDIT UNIONS WITH MEMBERSHIP IN AN APPROVED SIGNATURE GUARANTEE MEDALLION PROGRAM,
PURSUANT TO S.E.C. RULE 17Ad-15).

 

The holder of this certificate shall be entitled to receive funds from
the trust account only in the event of (i) the liquidation of the trust account upon a failure to consummate a business combination, as
described in the prospectus covering the securities or (ii) if the holder seeks to convert his respective shares or sells them to the
Company in a tender offer, in each case in connection with (1) the consummation of a business combination or (2) in connection with an
amendment to our Memorandum and Articles of Association prior to the consummation of a business combination. In no other circumstances
shall the holder have any right or interest of any kind in or to the trust account.Exhibit 4.2

 

SPECIMEN WARRANT CERTIFICATE

 

	NUMBER	 	[    ] WARRANTS
	WA-	 	 

 

(THIS WARRANT WILL BE
VOID IF NOT EXERCISED PRIOR TO 5:00 P.M.

NEW YORK CITY TIME, FIVE
YEARS FROM THE CLOSING DATE OF THE COMPANY’S INITIAL

BUSINESS COMBINATION)

 

AGBA
GROUP HOLDING LIMITED

CUSIP [*]

 

WARRANT

 

THIS WARRANT CERTIFIES THAT, for value received
                                        ,
or registered agents, is the registered holder of a Warrant or Warrants (the “Warrant”), expiring on a date which is five
(5) years from the completion of an initial business combination, each of which to purchase one-half (1/2) of one fully paid and non-assessable
ordinary share (the “Warrant Shares”), with $0.001 par value per share, of AGBA GROUP HOLDING LIMITED, a British Virgin Islands
company (the “Company”), for each Warrant evidenced by this Warrant Certificate. This Warrant Certificate is subject to and
shall be interpreted under the terms and conditions of the Warrant Agreement (as defined below).

 

The Warrant entitles
the holder thereof to purchase from the Company, from time to time, in whole or in part, commencing on the later to occur of (i) the completion
of the Company’s initial business combination or (ii) one year following the date that the prospectus for the Offering is effective,
i.e., [*], 2019, such number of Warrant Shares at the price of $11.50 per full share (the “Warrant Price”), upon surrender
of this Warrant Certificate and payment of the Warrant Price at the office or agency of Continental Stock Transfer & Trust Company
(the “Warrant Agent”), such payment to be made subject to the conditions set forth herein and in certain warrant agreement,
dated [*], 2019, between the Company and the Warrant Agent (the “Warrant Agreement”). In no event shall the registered holder(s)
of this Warrant be entitled to receive a net-cash settlement in lieu of physical settlement in Warrant Shares of the Company. The Warrant
Agreement provides that, upon the occurrence of certain events, the Warrant Price and the number of Warrant Shares purchasable hereunder,
set forth on the face hereof, may be adjusted, subject to certain conditions. The term Warrant Price as used in this Warrant Certificate
refers to the price per full Warrant Share at which Warrant Shares may be purchased at the time the Warrant is exercised.

 

This Warrant will expire
on the date first referenced above if it is not exercised prior to such date by the registered holder pursuant to the terms of the Warrant
Agreement or if it is not redeemed by the Company prior to such date.

 

Upon any exercise of
the Warrant for less than the total number of full Warrant Shares provided for herein, there shall be issued to the registered holder(s)
hereof or its assignee(s) a new Warrant Certificate covering the number of Warrant Shares for which the Warrant has not been exercised.

 

Warrant Certificates,
when surrendered at the office or agency of the Warrant Agent by the registered holder(s) hereof in person or by attorney duly authorized
in writing, may be exchanged in the manner and subject to the limitations provided in the Warrant Agreement, but without payment of any
service charge, for another Warrant Certificate or Warrant Certificates of like tenor and evidencing in the aggregate a like number of
Warrants.

 

Upon due presentment
for registration of transfer of the Warrant Certificate at the office or agency of the Warrant Agent, a new Warrant Certificate or Warrant
Certificates of like tenor and evidencing in the aggregate a like number of Warrants shall be issued to the transferee(s) in exchange
for this Warrant Certificate, subject to the limitations provided in the Warrant Agreement, without charge except for any applicable tax
or other governmental charge.

 

    

     

    

 

The Company and the Warrant
Agent may deem and treat the registered holder(s) as the absolute owner(s) of this Warrant Certificate (notwithstanding any notation of
ownership or other writing hereon made by anyone) for the purpose of any exercise hereof, of any distribution to the registered holder(s),
and for all other purposes, and neither the Company nor the Warrant Agent shall be affected by any notice to the contrary.

 

This Warrant does not
entitle the registered holder(s) to any of the rights of a shareholder of the Company.

 

After the Warrant becomes
exercisable and prior to its expiration date, the Company reserves the right to call the Warrant at any time, with a notice of call in
writing to the holder(s) of record of the Warrant, giving thirty (30) days’ written notice of such call if the last reported sale
price of the shares has been equal to or greater than $16.50 per share for any twenty (20) trading days within a thirty (30) trading day
period ending on the third (3rd) trading day prior to the date on which notice of such call is given, provided that (i) a registration
statement under the Securities Act of 1933, as amended (the “Act”) with respect to the ordinary shares underlying the Warrants
issuable upon exercise must be effective and a current prospectus must be available for use by the registered holders hereof or (ii) the
Warrants may be exercised on cashless basis as set forth in the Warrant Agreement and such cashless exercise is exempt from registration
under the Act. The call price is $0.01 per Warrant Share.

 

If the foregoing conditions
are satisfied and the Company calls the Warrant for redemption, each holder will then be entitled to exercise his, her or its Warrant
prior to the date scheduled for redemption; provided that the Company may require the Registered Holder who desires to exercise the Warrant,
to elect cashless exercise as set forth in the Warrant Agreement, and such Registered Holder must exercise the Warrants on a cashless
basis if the Company so requires. Any Warrant either not exercised or tendered back to the Company by the end of the date specified in
the notice of call shall be canceled on the books of the Company and have no further value except for the $0.01 call price.

 

COUNTERSIGNED:

CONTINENTAL STOCK TRANSFER & TRUST COMPANY,

WARRANT AGENT

 

	BY:	               	 
	 	 	 
	AUTHORIZED OFFICER	 
	 	 
	DATED: 	 	 

 

(Signature)

CHIEF EXECUTIVE OFFICER

 

(Seal)

 

(Signature)

SECRETARY

 

    2

     

    

 

[REVERSE OF CERTIFICATE]

 

SUBSCRIPTION FORM

 

To Be Executed by the
Registered Holder(s) in Order to Exercise Warrants

 

The undersigned hereby
irrevocably elects to exercise the right, represented by this Warrant Certificate, to receive ordinary shares in accordance with the terms
of this Warrant Certificate and pursuant to the method selected below. Capitalized terms used herein and not otherwise defined have the
respective meanings set forth in the Warrant Certificate. PLEASE CHECK ONE METHOD OF PAYMENT:

 

	 	 	 	 	 
	 	 	 	 	a “Cash Exercise” with respect to                  Warrant Shares; and/or
	 	 	 
	 	 	 	 	
    a “Cashless Exercise” with respect to                 
    Warrant Shares because on

    the date of this exercise, there is no effective registration statement

    registering the Warrant Shares, or the prospectus contained therein
    is not available for the resale of the Warrant Shares, in which event the Company shall deliver to the registered holder(s)                 
    ordinary shares pursuant to Section 3.3.2 of the Warrant Agreement.

 

The undersigned requests
that a certificate for such shares be registered in the name(s) of:

 

	 
	(PLEASE TYPE OR PRINT NAME(S) AND ADDRESS)
	 
	 
	 
	(SOCIAL SECURITY OR TAX IDENTIFICATION NUMBER(S))

 

	and be delivered to	 	 
	 	 	(PLEASE PRINT OR TYPE NAME(S) AND ADDRESS)

 

    3

     

    

 

and, if such number of Warrants shall not
be all the Warrants evidenced by this Warrant Certificate, that a new Warrant Certificate for the balance of such Warrants be registered
in the name of, and delivered to, the registered holder(s) at the address(es) stated below:

 

Dated: 

	 	 
	(SIGNATURE(S))	 
	 	 
	(ADDRESS(ES))	 
	 	 

 

	 
	(TAX IDENTIFICATION NUMBER(S))

 

ASSIGNMENT

 

To Be Executed by the
Registered Holder in Order to Assign Warrants

 

For Value Received,                                     
hereby sell(s), assign(s), and transfer(s) unto

 

	 	 	 
	(PLEASE TYPE OR PRINT NAME(S) AND ADDRESS(ES))	 	 
	 	 	 
	 	 	 
	 	 	 

(SOCIAL SECURITY OR TAX IDENTIFICATION NUMBER(S))

 

	and to be delivered to	 	 	 	 
	 	 	(PLEASE PRINT OR TYPE NAME(S) AND

 ADDRESS(ES))	 	 
	 	 	 
	 	 
	 	 	 

(SOCIAL SECURITY OR TAX IDENTIFICATION NUMBER(S))

 

of the Warrants represented by this Warrant
Certificate, and hereby irrevocably constitute and appoint                     
Attorney to transfer this Warrant Certificate on the books of the Company, with full power of substitution in the premises.

 

Dated: 

	 	 
	(SIGNATURE(S))	 

 

NOTICE: THE SIGNATURE(S) TO THIS ASSIGNMENT
MUST CORRESPOND WITH THE NAME AS WRITTEN UPON THE FACE OF THE CERTIFICATE IN EVERY PARTICULAR, WITHOUT ALTERATION OR ENLARGEMENT OR ANY
CHANGE WHATEVER.

 

Signature(s) Guaranteed:

 

	By	     	 

 

THE SIGNATURE(S) MUST BE GUARANTEED BY AN
ELIGIBLE GUARANTOR INSTITUTION (BANKS, STOCKBROKERS, SAVINGS AND LOAN ASSOCIATIONS AND CREDIT UNIONS WITH MEMBERSHIP IN AN APPROVED SIGNATURE
GUARANTEE MEDALLION PROGRAM, PURSUANT TO S.E.C. RULE 17Ad-15).

 

 

 

    4

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