Document:

Meritor, Inc.
2135 West Maple Road
Troy, Michigan 48084-7121
      USA
800-535-5560
  Tel

meritor.com

June 4, 2013 

Charles G. McClure,
Jr.
[Address Redacted] 

Dear Chip: 

           Subject: Separation
Package 

This letter agreement (this
"Agreement") confirms your acceptance of a separation package from Meritor, Inc
(“Meritor” or the “Company”). Both parties expressly agree that your acceptance
of this agreement is completely voluntary. You and the Company have agreed to
enter into this Agreement pursuant to the following terms and conditions and
consideration and in accordance with your Employment Agreement dated May 1, 2013
(“Employment Agreement”): 

	      	1.       	Separation
      Date. Effective May, 3,
      2013, as a result of the action taken by the Company’s Board of Directors,
      your role as Chairman, Chief Executive Officer and President of the
      Company was terminated. Your last day of work with the Company was May 3,
      2013 (your "Separation Date"). You previously executed a letter of
      resignation, dated May 3, 2013, resigning from any and all positions that
      you held with any of the Company’s affiliates. Upon request from the
      Company or the applicable affiliate, you will execute any additional
      documents necessary to effect such resignations.
		 
		2.	Vacation
      Pay. You will receive any
      unpaid salary and any accrued but unused vacation through your Separation
      Date in the form of a lump sum within 30 days of your Separation Date, or
      such earlier date as may be required by law. These amounts are savings
      plan eligible under the Company's tax-qualified savings plan ("Company
      Savings Plan").
		 
		3.	Separation
      Pay. In accordance with the
      Employment Agreement between you and the Company, you will receive
      separation pay in an amount equal to thirty-six (36) months of your base
      salary (at a compensation rate of $1,184,500 annually) ("Separation Pay").
      Subject to the next paragraph, payments will be made semi-monthly during
      the period from and including May 4, 2013 through April 29, 2016
      ("Separation Period").
		 
			As stated in the
      Employment Agreement, because you are a "specified employee" within the
      meaning of Section 409A of the Internal Revenue Code of 1986, as amended,
      and the final regulations thereunder ("Section 409A"), you will be
      required to wait six months to receive any portion of your Separation Pay
      that is not exempt under Section 409A. Your Separation Pay will be paid in
      the manner set forth in the Employment Agreement and in accordance with
      Section 409A.
		 
		4.	Incentive
      Compensation Plan. Given
      that your last day of active employment was May 3, 2013, you will be
      eligible to receive a pro rata incentive compensation plan (ICP) payment
      for fiscal year 2013 for active time worked. Such payment will be subject
      to the applicable formula, in accordance with ICP metrics and program
      provisions. Such final award may be adjusted based upon your final
      performance rating for the year. Any final award determination is subject
      to approval by the Compensation &
      Management Development Committee of the Company's Board of Directors. If
      an ICP award is approved, your ICP award payment for fiscal year 2013 will
      be paid in a single sum payment in December 2013.
  

Charles G. McClure,
Jr.
June 4, 2013
Page 2 of 9 

	      	5.       	Long-Term Incentive Plan. You will be eligible to receive Long-Term Incentive (LTIP) Cash
      Performance Plan awards based on your LTIP grant letter(s) as
      follows:
		 
			      	-     	FY2011-FY2013 LTIP
      award will be paid in December 2013, pending Board of Directors approval,
      based upon applicable formulae, on a pro rata basis (32 months out of 36)
      for time actually worked during the performance cycle.
		 
				-	FY2012-FY2014 LTIP
      award will be paid in December 2014, pending Board of Directors approval,
      based upon applicable formulae, on a pro rata basis (20 months out of 36)
      for time actually worked during the performance cycle.
		 
				-	FY2013-2015 LTIP
      award will be forfeited per plan provisions requiring at least 12 months
      worked during the performance cycle.
		 

	      	6.       	Stock
      Options. All of your
      outstanding Company stock options have vested. Any of your Company stock
      options which do not expire prior to the last day of your Separation
      Period may be exercised up to three (3) months after the last day of your
      Separation Period or the natural expiration date of the applicable stock
      option, whichever is earlier.
		 
		7.	Restricted
      Stock. You have received
      annual grant(s) of restricted stock. To the extent not vested, your
      restricted shares will continue to vest through the vesting date or the
      end of the Separation Period, whichever is earlier. To the extent not
      vested by the end of the Separation Period, unvested restricted shares
      shall be forfeited.
		 
		8.	Financial
      Planning/Car Allowance.
      Your Company-provided financial planning and car allowances ceased as of
      May 4, 2013.
		 
		9.	Outplacement
      Services. You will receive
      Company sponsored outplacement assistance in the form of a twelve (12)
      month program not to exceed $10,000.
		 
		10.	Disability
      Coverage. Your coverage
      under the Company's short and long term disability plans and accidental
      death and dismemberment coverage ceased as of May 4, 2013.
		 
		11.	Company
      Tax-Qualified Savings Plan.
      You ceased to be an active participant in the Company Savings Plan as of
      May 4, 2013. You are 100% vested in your savings plan deferrals and
      related Company matching contributions under such plan. Benefits under the
      Company Savings Plan will be paid in accordance with the terms of such
      plan.
		 
			Based on your years
      of service with the Company, you are 100% vested in the pension
      contribution portion of your Company Savings Plan account.
		 
			You will be able to
      request a Company Savings Plan distribution before the end of your
      Separation Period. Please contact T. Rowe Price for information about your
      Meritor Savings Plan and Pension Contribution accounts at (800)
      922-9945.
		 
		12.	Company
      Tax-Qualified Pension Benefits. If you are eligible for a pension benefit under the Company's
      tax-qualified pension plan, please call the Meritor Retirement Center at
      (877) 449-7461. You must apply for your pension benefits under such plan
      at least 60 days but not more than 90
      days prior to your retirement date. If you elect to retire prior to April
      29, 2016, your active employee medical, dental and/or vision coverages
      will terminate and you will become eligible for the then-available retiree
      medical coverage, if any. 

Charles G. McClure,
Jr.
June 4, 2013
Page 3 of 9 

	      	13.       	Company
      Supplemental Pension, Supplemental Savings and Deferred Compensation
      Plans. Any benefits to
      which you are entitled under the Company's supplemental pension,
      supplemental savings and deferred compensation plans will be payable in
      accordance with the terms of such plans, including the six month wait for
      key employees. Please contact Kim
      Rayce for more detail.
		 
		14.	Company Health
      Plans. If you are currently
      enrolled in the Company's group medical, dental and/or vision plans and
      are making the payroll deductions associated therewith, coverage will
      remain in force through April 30, 2016. After April 30, 2016, you will be
      entitled to continue your group medical, dental and vision coverage at
      your own expense for a period of up to 18 months through COBRA.
      Information as to the cost of such coverage will be supplied to you
      approximately two weeks following the expiration of your Separation
      Period. Notwithstanding the foregoing, if during the Separation Period,
      you become employed and covered by a health insurance plan of a new
      employer, you must immediately notify the Company’s Senior Vice President
      of Human Resources. Your coverage under the Company’s health plans will
      cease as of the date you become covered under such other employer’s health
      plan.
		 
		15.	Other Company
      Welfare Benefits. Your
      coverage under the Company's life insurance plans will remain in force
      through April 30, 2016. Such life insurance coverage may be converted to
      an individual policy within 31 days after termination of such coverage by
      contacting MetLife at (888) 622-6616.
		 
		16.	Medicare
      Reporting. By signing this
      Agreement, you acknowledge that you have carefully reviewed Attachment A
      regarding Medicare Reporting and you have fully and accurately completed
      Attachment A regarding potential Medicare eligibility. You also agree to
      waive and release any private cause of action for damages pursuant to 42
      U.S.C. 1395. The parties have not shifted responsibility for medical
      treatment to Medicare in contravention of 42 U.S.C. 1395 and further
      acknowledge that any action or decision by the Centers for Medicare &
      Medicaid Services or Medicare regarding your eligibility or entitlement to
      Medicare or Medicare payments will not affect the finality of this
      Agreement or render the release of claims void or ineffective. The parties
      made every effort to adequately protect Medicare’s interest and
      incorporate such into the settlement terms, and to comply with both
      federal and state law. You agree you will indemnify, defend and hold the
      Company harmless from any Medicare conditional payments and right to
      payment, known or unknown, and all claims or liens related
    thereto.
		 
		17.	Separation Pay
      Checks. Your compensation
      checks will be mailed to your home or direct deposited unless you specify
      otherwise. Please let us know in writing if you change your
    address.
		 
		18.	Withholdings. All
      payments and benefits under this Agreement are subject to any and all
      applicable tax and other withholdings.
		 
		19.	Non-Disparagement.
      You will not disparage, portray in a negative light, or take any action
      which would be harmful to, or lead to unfavorable publicity for, the
      Company or its subsidiaries or divisions, or any of its or their current
      or former officers, directors, employees, agents, consultants,
      contractors, owners, affiliates, or successors and assigns, whether in public or private,
      including without limitation, in any and all interviews, oral statements,
      written materials, electronically displayed materials and materials or
      information displayed on the Internet. In the event of a breach or
      threatened breach of this paragraph, you agree that the Company will be
      entitled to injunctive relief in a court of appropriate jurisdiction to
      remedy any such breach or threatened breach (in addition to any other
      legal or equitable rights and remedies that the Company may have) and you
      acknowledge that damages would be inadequate and insufficient.
      

Charles G. McClure,
Jr.
June 4, 2013
Page 4 of 9 

			
      The Company will not
      disparage, portray in a negative light, or take any action which would be
      harmful to, or lead to unfavorable publicity for, you, including without
      limitation, in any and all interviews, oral statements, written materials,
      electronically displayed materials and materials or information displayed
      on the Internet. In the event of a breach or threatened breach of this
      paragraph, the Company agrees that you will be entitled to injunctive
      relief in a court of appropriate jurisdiction to remedy any such breach or
      threatened breach and the Company acknowledges that damages would be
      inadequate and insufficient. 

			 
	      	20.       	Company
      Property. You will deliver
      promptly to the Company (and not keep in your possession or deliver to any
      other person or entity) any and all property belonging to the Company or
      any of its subsidiaries or divisions that is in your possession or under
      your control, including without limitation, credit cards, other electronic
      equipment, records, data, notes, reports, correspondence, financial
      information, customer files and information and other documents or
      information (including any and all copies of such Company
    property).
		 
		21.	Release of
      Claims. You agree, on
      behalf of yourself, your heirs, executors, administrators and assigns, to
      release, acquit and forever discharge the Company and its subsidiaries and
      divisions and its and their respective current and former officers,
      directors, employees, agents, owners, affiliates, employee benefit plans
      and their fiduciaries, trustees, and administrators, insurers,
      representatives, attorneys, successors and assigns (the “Company Released
      Parties”) of and from any and all manner of actions and causes of action,
      suits, debts, damages, dues, accounts, bonds, covenants, contracts,
      agreements, judgments, charges, claims, rights and demands whatsoever,
      whether known or unknown (“Losses”), which you, your heirs, executors,
      administrators and assigns ever had, now have or may hereafter have,
      against the Company Released Parties or any of them arising out of or by
      reason of any cause, claim, controversy, matter or thing whatsoever,
      including but not limited to any and all claims (a) arising under the
      Michigan Elliott-Larsen Civil Rights Act, Michigan Persons With
      Disabilities Civil Rights Act, Michigan Payment of Wages and Fringe
      Benefits Act, the Age Discrimination in Employment Act (the "ADEA"), Title
      VII of the Civil Rights Act, the Genetic Information Nondiscrimination
      Act, the Americans with Disabilities Act, the Family and Medical Leave
      Act, the Older Workers Benefit Protection Act, the Equal Pay Act, the
      Employee Retirement Income Security Act, the National Labor Relations Act,
      the Worker Adjustment and Retraining Notification Act, anti-retaliation
      laws, "whistleblower" laws, and any other equivalent or similar federal,
      state, or local constitution, statute, rule, or regulation, (b) any and
      all claims or controversies arising out of or relating to your employment
      by the Company and its predecessors and the cessation thereof, (c) any and
      all claims or controversies relating to your compensation and/or benefits
      by or from the Company and its predecessors and (d) any and all matters
      arising under any federal, state or local statute, rule, regulation or
      whether based in law or equity. No claim, right or cause of action is
      reserved, except that the foregoing release shall not apply to your rights
      under this Agreement, to claims that arise under the ADEA after the date
      on which you execute this Agreement, and to claims that by law cannot be
      released or waived.

Charles G. McClure,
Jr.
June 4, 2013
Page 5 of 9 

			
      You understand that as a
      result of the prior paragraph, you will not have the right to assert that
      the Company or any Company Released Party unlawfully terminated your
      employment or violated any of your rights in connection with your
      employment. 

			 
			
      You affirm that you have
      not filed, and agree, to the maximum extent permitted by law, not to
      initiate or cause to be initiated on your behalf, any complaint, charge,
      claim or proceeding against the Company Released Parties before any
      federal, state or local agency, court or other body relating to your
      employment, the cessation thereof or any other matters covered by the
      terms described above, and agree not to voluntarily participate in such a
      proceeding. Further, you hereby waive your right to, and agree, to the
      maximum extent permitted by law, not to, seek, receive, collect, or
      benefit from any monetary or other compensatory settlement, award,
      judgment, or other resolution (including a resolution that would otherwise
      provide for reinstatement to employment) of any complaint, charge, or
      claim that any agency or other body pursues against any of the Company
      Released Parties, whether pursued solely on your behalf or on behalf of a
      greater class of individuals. 

			 
			
      Nothing in this
      Agreement shall preclude or prevent you from filing a claim with the Equal
      Employment Opportunity Commission that challenges the validity of the
      release in this paragraph 21 solely with respect to your waiver of any
      Losses that may arise under the ADEA. 

			 
	      	22.       	The Company agrees on
      behalf of its subsidiaries and divisions and its and their respective
      current and former officers, directors, employees, agents, owners,
      affiliates, successors and assigns (the "Company Parties") to release,
      acquit and forever discharge you, your heirs, executors, administrators
      and assigns, of and from any and all Losses, which the Company Parties
      ever had, now have or may hereafter have, against you or any of them
      arising out of or by reason of any cause, claim, controversy, matter or
      thing whatsoever, including but not limited to any and all claims arising
      in the ordinary course and scope of your employment with the Company and
      its predecessors, excepting any act found to be criminal by a court of
      competent jurisdiction from the beginning of the world to the date hereof,
      including without limitation, any and all matters relating to your
      employment by the Company and its predecessors and the cessation thereof,
      any and all matters relating to your compensation and benefits by or from
      the Company and its predecessors and any and all matters arising under any
      federal, state or local statute, rule, regulation or principle of contract
      law or common law.
		 
			The Company
      understands that as a result of the prior paragraph, the Company will not
      have the right to assert that you unlawfully terminated your employment or
      violated any of the Company’s rights in connection with your
      employment.
		 
			The Company affirms
      that it has not filed, and agrees not to initiate or cause to be initiated
      on its behalf, any complaint, charge, claim or proceeding against you
      before any federal, state or local agency, court or other body relating to
      matters released in this paragraph 22, and agrees not to voluntarily
      participate in such a proceeding.
		 
			The Company agrees to
      indemnify you and to provide you legal counsel in any litigation,
      administrative proceeding or investigation relating to your employment
      with the Company. Notwithstanding the foregoing, the Company shall have no
      obligation to indemnify you for any act found to be criminal, by a court
      of competent jurisdiction.
		 
		23.	Termination. Either
      party shall have the right to terminate this Agreement at any time if the
      other party breaches any of the obligations stated herein under this
      Agreement after that party has
      received written notice of the claimed breach and has failed to cure the
      breach within fifteen (15) days of receipt of notice.
  

	Charles G. McClure, Jr.
	June 4, 2013
	Page
      6 of 9	

	      	24.       	Advice of
      Counsel/Voluntary Consideration. You acknowledge that you have been advised to consult with an
      attorney prior to signing this Agreement. You also acknowledge, understand
      and agree that this Agreement is voluntarily entered into by you in
      consideration of the undertakings by the Company as set forth herein and
      is consistent in all respects with the discussions by the Company
      personnel with you relating to your separation.
		 
		25.	Non-Compete/Non-Solicitation. You agree that for a period of thirty-six (36) months following
      the date of your Separation from Service (May 3, 2013) from the Company,
      you will not solicit for employment any Meritor related employee, unless
      permission to do so is granted to you in writing by Meritor’s CEO or his
      designee. You also agree that you will not disclose, nor will you use any
      Meritor Proprietary Information as defined in your Employment Agreement.
      You further agree that for a period of thirty-six (36) months you will not
      be employed by nor will you consult with the following companies: Dana,
      Daimler, American Axle, Volvo, Oshkosh, PACCAR, Eaton, Navistar,
      Knorr-Bremse Group, Haldex Group and WABCO, unless permission to do so is
      granted to you in writing by Meritor’s CEO or his designee.
		 
		26.	Release Period and
      Effective Date. You will
      have until June 25, 2013 to sign this Agreement. This Agreement may be
      revoked within seven (7) days from the date it is signed by you by
      notifying counsel for Meritor, Eric A. Mahler, Esq., Assistant General
      Counsel – Labor & Employment, Meritor, Inc., 2135 W. Maple Road, Troy,
      Michigan 48084, in writing. Any such revocation will be effective upon
      receipt by Mr. Mahler. This Agreement will become effective and
      irrevocable upon expiration of the seven (7) day revocation
    period.
		 
		27.	Non-Agreement. If
      you decide not to sign this Agreement on or before June 25, 2013, or
      revoke this Agreement in accordance with paragraph 26, you will only be
      paid two (2) weeks' salary, and the dates and eligibility for the various
      incentives and benefits indicated in this Agreement would be modified to
      reflect your Separation Date of May 3, 2013.
		 
		28.	Continuing
      Obligation. You agree that
      you will continue to be obligated under Section 13 of the Employment
      Agreement.
		 
		29.	Cooperation.
      Effective immediately and continuing through the last day of the
      Separation Period, if deemed necessary by the Company, you will (i)
      reasonably assist and cooperate with the Company and its affiliates (and
      any of their directors, officers, owners, agents, and attorneys) in all
      respects in connection with the conduct of any pending or future action,
      proceeding, internal investigation, governmental or regulatory
      investigation, civil or administrative proceeding, arbitration, or
      litigation involving the Company or any of its affiliates, including,
      without limitation, any such action, proceeding, investigation,
      arbitration, or litigation in which you are called to testify, and (ii)
      promptly respond to all reasonable requests by the Company or any of its
      affiliates relating to information that may be in your possession or under
      your control. The obligation under this paragraph will exist regardless of
      whether or not the Company or any of its affiliates is named as a party or
      as a subject or target of any action, proceeding, investigation,
      arbitration, or litigation. You will perform all acts and execute and
      deliver all documents that may be reasonably necessary to fulfill the
      obligations under this paragraph. You will be reimbursed for any
      reasonable out-of-pocket and travel expenses incurred by you in connection
      with your fulfillment of your obligations under this paragraph, provided
      that such expenses have been approved
      by the Company, in writing, prior to your incurring the expense. The
      Company agrees to consult with you regarding scheduling and to take all
      available actions to limit your time commitments.
  

Charles G. McClure,
Jr.
June 4, 2013
Page 7 of 9 

	      	30.       	Arbitration. In the
      event there is a dispute regarding this Agreement or your employment with
      the Company, you and the Company agree that, except where injunctive
      relief is being sought by either party to enforce this Agreement, any such
      dispute will be resolved solely and exclusively by binding arbitration, by
      and under the rules of the American Arbitration Association, in accordance
      with Section 16 of the Employment Agreement. A judgment of any circuit
      court may be rendered upon the award made pursuant to this Agreement and
      shall be valid, enforceable and irrevocable save upon such grounds as
      exist at law or in equity for the rescission or revocation of any
      contract.
		 
		31.	Severability. If any
      provision or portion of this Agreement shall for any reason be held
      invalid or unenforceable such invalidity or unenforceability shall not
      affect any other provision hereof and the remaining provisions or portions
      of this Agreement shall remain in full force and effect, and shall be
      interpreted to best reflect the intent of the parties.
		 
		32.	Section
      409A.
		 
			(a)       	The payments and
      benefits under this Agreement are intended to comply with or be exempt
      from the requirements of Section 409A. To the extent that any payment or
      benefit under this Agreement is subject to the requirements of Section
      409A, then, with respect to such payment or benefit, this Agreement will
      be interpreted to the maximum extent permitted by law in a manner to
      comply with the requirements of Section 409A.
		 
			(b)	Notwithstanding any
      other provision of this Agreement, payments or benefits under this
      Agreement that are subject to the requirements of Section 409A may only be
      provided upon an event and in a manner that complies with Section 409A,
      and any such payment or benefit that is to be made upon or as a result of
      a termination of employment shall only be made if such termination of
      employment constitutes a "separation from service" (as defined under
      Section 409A).
		 
			(c)	Notwithstanding any
      other provision of this Agreement, payments or benefits under this
      Agreement that are subject to the requirements of Section 409A that are
      provided as a result of a separation from service during the six (6) month
      period immediately following your separation from service will not be
      provided during that six (6) month period immediately following your
      separation from service. Such payments and benefits shall instead be
      provided during the first payroll cycle immediately following the
      expiration of such six-month period.
		 
			(d)	All reimbursements
      and in-kinds benefits provided under this Agreement will be made or
      provided in accordance with the requirements of Section 409A to the extent
      that such reimbursements and in-kind benefits are subject to Section 409A,
      including, where applicable, the requirements that (i) any reimbursement
      is for expenses incurred during your employment with the Company or the
      Separation Period and any in-kind benefit is provided during your
      employment with the Company or the Separation Period (unless a different
      time period is stated elsewhere in this Agreement), (ii) the amount of
      expenses eligible for reimbursement or in-kind benefits to be provided
      during a calendar year will not affect the amount of expenses eligible for
      reimbursement or in-kind benefits to be provided in any other calendar
      year, (iii) any reimbursement will be made on or before the last day of the calendar year
      following the calendar year in which the expense is incurred, and (iv) the
      right to the reimbursement or in-kind benefit is not subject to
      liquidation or exchange for cash or any other benefit.
  

Charles G. McClure,
Jr.
June 4, 2013
Page 8 of 9 

			(e)       	Notwithstanding the
      foregoing, the Company makes no representation to you about the effect of
      Section 409A on the provisions of this Agreement.
		 
	      	33.       	Final
      Agreement. This Agreement
      is a complete and final agreement between you and the Company and its
      successors and supersedes all other offers, agreements, and negotiations,
      other than those sections of the Employment Agreement expressly or
      impliedly referenced in this Agreement. In the event of any conflict
      between this Agreement and the sections of the Employment Agreement
      expressly or impliedly referenced in this Agreement, the terms of this
      Agreement shall control. Notwithstanding the foregoing, the Invention
      Assignment and Arbitration Agreements remain in full force and effect
      except as modified by this Agreement.

Sincerely, 

/s/ Larry E.
Ott 
Larry E. Ott 
Sr. Vice President, Human
Resources & Communications 

	cc:  	V.
      Baker
		D.
      Riddell

	Accepted and Agreed by:
	 
	/s/ Charles G. McClure, Jr.
	Charles G. McClure, Jr.
	 
	6/07/13
	Date

Charles G. McClure,
Jr.
June 4, 2013
Page 9 of 9 

ATTACHMENT A - MEDICARE
ELIGIBILITY AND REPORTING 

Medicare Eligible and a
Medicare Beneficiary: A
person may be Medicare eligible if he/she: (1) is 65 years of age or older; (2)
is suffering from end stage renal failure and meets certain additional
conditions, (3) is suffering from amyotrophic lateral sclerosis, (4) has
received Social Security benefits for twenty-four (24) months or longer. A
person currently receiving Medicare benefits is a Medicare
Beneficiary.

I confirm the
following:

 ̈  I am Medicare
eligible or a Medicare Beneficiary. I confirm that I am either Medicare eligible (or
will be Medicare eligible within thirty (30) months), or I am currently a
beneficiary of Medicare benefits.

x   I am
not Medicare eligible and do not reasonably expect to be Medicare eligible
within thirty (30) months, nor am I currently a beneficiary of Medicare benefits. I
further confirm that
I have not applied for Social
Security benefits, nor have I been denied Social Security benefits for which I
am appealing the denial.

If you have selected “Yes,
I am Medicare eligible or a Medicare Beneficiary,” please read the following
provisions carefully:

I confirm that I have not made
any claim for illness or injury against the Released Parties, nor am I aware of
any facts supporting any claim, under which the Released Parties could be liable
for medical expenses incurred by me before or after signing this Agreement. I
confirm that I am not aware of any medical expenses which Medicare has paid on
my behalf for which the Company is or could be liable now or in the future. I am
not aware of any Medicare conditional payments that have been made on my behalf
in connection with my separation of employment from the Company, and I agree if
requested to use my best efforts to obtain a letter from Medicare to this
effect. I agree and affirm that, to the best of my knowledge, no liens by any
governmental entity exists, including but not limited to, any lien for Medicare
conditional payments.

I will assume responsibility
for Medicare conditional payments, including but not limited to, subrogation
claims, liens, or other rights to payment, relating to medical treatment that
may be asserted by a health care provider, insurer, governmental entity,
employer or other person or entity. I will indemnify, defend and hold the
Company harmless from any and all damages (including multiple damages), claims
and rights to payment, including any attorneys’ fees, brought by any person or
entity against the Company to recover any conditional or other Medicare payments
made to me.

I agree that, notwithstanding
and without waiving any confidentiality agreement, the Separation Pay may be
reported to the Centers for Medicare & Medicaid Services (CMS), as well as
agents necessary to facilitate reporting to CMS, pursuant to Section 111 of the
Medicare, Medicaid & SCHIP Extension Act of 2007 (Section 111). I will
provide all necessary information to Employer as requested or necessary relative
to its reporting pursuant to Section 111.

I confirm and acknowledge
that the above statements by me are true. Further, I confirm that the above
definitions are provided for my assistance, however, it is my sole
responsibility to accurately evaluate my Medicare eligibility and/or beneficiary
status and disclose that status to the Company. If I am Medicare eligible or a
Medicare Beneficiary, I have carefully read and agree to the above provisions.

	Signature: /s/
      Charles G. McClure, Jr.	Date:  	6/07/13f8k060313ex10i_chinayida.htm

Exhibit 10.1

 

Share Transfer Agreement

Part A: (Assignor) Yida (Fujian) Tourism Group Co., Ltd.

Address:28th Floor of Yifa Building, NO.111 of Wusi Road, Fuzhou City

Part B: (Assignee) Xingguang (Anhui) Group Investment Co., Ltd.

Address:No.376 of Weisi Road, Bengbu City, Anhui Province

According to the related rules and regulations of PRC Company Law and PRC Contract Law, and after two parties’ friendly consultation, the agreement about transferring of share ownership from Part A to Party B is reached, and is abided and enforced by two parties together.

I. the subject matter of the transfer of share ownership

 

(A) ON 20th, April, 2010, Yida (Anhui) Tourism Group Development Co., Ltd (referred to as The Target Company) has been registered and established in Industrial and Commercial Bureau in Bengbu, with registered capital of RMB 100 million. Party A invested RMB 60 million, accounting for 60% stake in The Target Company, and Party B invested RMB 40 million, accounting for 40% stake in The Target Company. Party A transfers the total 60% stake to the Part B.

(B) Existing major assets and interests of the target company

 

a. totaling of 883.5 Mu land and construction in progress where located in West Lusan, Bengbu City, the land use right certificates No. are No. 2012027, 2012028, 2012029, 2012030, 2012031, 2012032 for state use (grant), Bengbu City.

 

b. about 4000 Mu of lands for project used.

 

c. The Target Company’s construction in progress.

 

d. the use right of 324.6 Mu of land for businesses residence development and other related right, which are agreed in the Emperor Ming Taizu Cultural and Ecological Resort and Tourist Project Finance Agreement, which is signed by two parties and people's government of Bengbu city on April 15, 2010 and are signed by The Target Company with People's Government of Bengbu city on August 8, 2011, separately.

 

  

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e. the other related rights of target company’s reflected on the outward business contracts and financial books.

(C) The rights and duties that The Target Company is requested to perform.

 

a. the rights and duties ruled in related contracts by The Target Company and  related suppliers of design, construction, and equipments etc. due to construction in progress.

 

b. the rights and duties of  Emperor Ming Taizu Cultural and Ecological Resort and Tourist Project Finance Agreement, which is agreed with People's Government of Bengbu City.

 

c. the other related rights of target company’s reflected on the outward business contracts and financial books.

 

II. Determine of share Ownership transferring price and the payment pattern.

 

(A). the base day of transferring: registration day of this agreement.

 

(B) determine of share Ownership transferring price:

 

Both parties unanimously agree to: the price of share Ownership transferring from party A to party B is determined to RMB 60 million, (uppercase: RMB sixty million) according to the 60% ownership of party A held in The Target Company, and all bond debt of target company should be undertook by the party B.

 

(C). the payment pattern:

 

Party B should pay the share price to party A base on the amount specified in the preceding paragraph before July 30, 2013.

 

III. Responsibility of breach of contract

 

(A). If party B has not paid the determined share price to party A on agreed date, or the determined share price has already paid by party B to party A, but the party A doesn't change the share ownership (before July 30, 2013) to the party B, the party A or the party B then has the right to choice any following claiming rights to ask the other party to undertake default responsibility:

 

a. Requesting the other party to continue to implement contract right and duty, and the defaulting party should pay penal sum to the innocent party, amounting to RMB 10 million.

 

b. Requesting the other party to stop to implement share transfer agreement, party A should return the share ownership price that has already paid to party B, and the defaulting party should pay penal sum to the innocent party, amounting to RMB10 million.

 

  

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c. Requesting to re-determine share ownership price according to the market valuation of The Target Company property and rights (include but is not limited than getting expect income from 324.6 acres of businesses residence development land use right) , and the defaulting party should pay penal sum to the innocent party, amounting to 10 million Yuan.

 

(B). If both parties do not fulfill obligations under this agreement, then they constitute a breach of contract. Defaulting party must bear the liability and compensation for expenses incurred by the observant party right (including but not limited to the rights fee, attorney fee, travel expenses, etc.)

 

IV. Other conventions:

 

(A). Before the commencement of this contract, party A or party B should undertake the debts incurred by using the name of The Target Company respectively. Thus responsible party should compensate all economic losses.

 

(B). After signing this agreement, the land use right certificate of 883.5 Mu of land which is located in west Lushan, Bengbu City, will be temporarily left to the party A, and then will be transferred to the party B when it pays all share price during this period. Party A can not use certificate to mortgage, pledge or other purposes. Party B can not handle the loss reporting procedures etc. to retroactive the land use right certificate, or it should be liable for breach.

 

(C). After signing this agreement, the Legal Representative of The Target Company should be changed to the second party's personnel to serve as, then both parties should apply to industry and commerce department for carrying out a Legal Representative change procedure.

 

(D). After signing this agreement, party B will undertake all existing debts and maybe litigation(with construction units and design units) of target company, and party A will hold all right and duty of The Target Company. Party B has not refused to pay share transfer price for those reasons. At the same time, party B has nothing to do with all debts of Party A.

 

(E). The address that will be signed at the end of this agreement are the confirmed domiciles of both parties. During this agreement fulfillment process, all documents as soon as mail to these address namely are seen as can be sent to. If any party will change above confirmed address, it should notice the other party in written in time, and it is subjected to the new address.

 

  

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(F). If this agreement can not be fulfilled due to force majeure, the agreement will be terminated by oneself, and both parties will not undertake a responsibility with each other.

 

(G). The dispute shall be settled through friendly consultation when if it happens during implementing this agreement. If the negotiation fails, two parties may apply to the local people’s court proceedings the plaintiff and governed by the People's Republic of China law.

 

(H). This agreement is in triplicate, each party holds one, and the Department of Business Administration holds the record copy. This agreement will be entry into force after being signed and sealed by two parties’ representatives. If it has some outstanding issues, two parties can be negotiated in future time.

No text below.

	
Party A(affix a seal):Yida (Fujian) Tourism Group Co., Ltd.

	
Signature of Authorized Representative:

	
Address:28th Floor of Yifa Building, NO.111 of Wusi Road, Fuzhou City

	
Party B(affix a seal):Xingguang (Anhui) Group Investment Co., Ltd.

	
Signature of Authorized Representative:

	
Address:No.376 of Weisi Road, Bengbu City, Anhui Province

 

June 3, 2013

 

 

 

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